CLEARY UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CLEARY UNIVERSITY (EIN 38-1393841)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-30
- IRS object ID
- 201200909349300835
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-30T12:29:11-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REHMANN ROBSON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BRIARWOOD CIRCLE STE 300 | AddressLine1 |
| City | ANN ARBOR | City |
| State | MI | State |
| ZIP Code | 48108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381393841 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEARY UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CLEA | NameControl |
| Phone | 7343324477 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 PLYMOUTH ROAD | AddressLine1 |
| City | ANN ARBOR | City |
| State | MI | State |
| ZIP Code | 48105 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TOM SULLIVAN | Name |
| Title | PRESIDENT | Title |
| Phone | 7343324477 | Phone |
| Date Signed | 2012-03-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD D HENDRICKS CPA | Name |
| Phone | 7347612005 | Phone |
| Date Prepared | 2012-03-29 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS SULLIVAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 PLYMOUTH ROAD | AddressLine1 |
| City | ANN ARBOR | City |
| State | MI | State |
| ZIP Code | 48105 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10627512 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CLEARY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1883 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | TO MEET THE NEEDS OF THE BUSINESS COMMUNITY AND TO PROVIDE AN EDUCATION FOR PERSONS SEEKING PRACTICAL SKILLS AND VALID CREDENTIALS TO ADVANCE THEIR BUSINESS CAREERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 34 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 33 | NbrIndependentVotingMembers |
| Total Nbr Employees | 267 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -50993 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 539237 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 282961 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8765360 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 8589416 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 79472 | InvestmentIncomePriorYear |
| Investment Income Current Year | 89269 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 461832 | OtherRevenuePriorYear |
| Other Revenue Current Year | 444110 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9845901 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9405756 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 861418 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 765616 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4461966 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4339435 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 52986 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4014389 | OtherExpensePriorYear |
| Other Expenses Current Year | 3802581 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9337773 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8907632 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 508128 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 498124 | RevenuesLessExpensesCY |
| Total Assets BOY | 18215219 | TotalAssetsBOY |
| Total Assets EOY | 19293917 | TotalAssetsEOY |
| Total Liabilities BOY | 7978264 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8533705 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10236955 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10760212 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO MEET THE NEEDS OF THE BUSINESS COMMUNITY AND TO PROVIDE AN EDUCATION FOR PERSONS SEEKING PRACTICAL SKILLS AND VALID CREDENTIALS TO ADVANCE THEIR BUSINESS CAREERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4103033 | Expense |
| Grants | 765616 | Grants |
| Revenue | 8605085 | Revenue |
| Description | OPERATION OF UNIVERSITY & INSTRUCTION COST | Description |
| Total Program Service Expense | 4103033 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1265 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 267 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 34 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 33 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JUDY WALKER VP FINANCE AND BUSINESS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7343324477 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 PLYMOUTH ROAD | AddressLine1 |
| City | ANN ARBOR | City |
| State | MI | State |
| ZIP Code | 481052659 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| HEATHER FELDKAMP | |||||||
| EX-OFFICIO | 2.00 | X | 0 | 0 | 0 | ||
| IAN SCHONSHECK | |||||||
| OFFICER-AT-LARGE | 2.00 | X | 0 | 0 | 0 | ||
| RAYMOND KING III | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PATRICK CLEARY II | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN KLEE | |||||||
| CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| ANNE MCKENNY | |||||||
| CHAIR, LIVINGSTON | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM DAVIS JR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| FRANK FIKE | |||||||
| CHAIR, WASHTENAW | 2.00 | X | 0 | 0 | 0 | ||
| JOHN EDWARDS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ANDREW EGGAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| R JAMES GORENFLO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN MCBRIDE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID ITSELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DANIEL MILSTEIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MACK JOHNSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PATRICK O'KEEFE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| KEVAN LAWLOR | |||||||
| VICE CHAIR, WASHTENAW | 2.00 | X | 0 | 0 | 0 | ||
| SCOTT MALY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| TIM CODD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MICHAEL LAMARRA | |||||||
| VICE CHAIR, LIVINGSTON | 2.00 | X | 0 | 0 | 0 | ||
| MINDI FYNKE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MILTON WEIDMAYER | |||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | ||
| CAROL ALEXANDER | |||||||
| VICE CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| JOE PARKER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PAUL GOBEILLE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GLYNIS MCBAIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| NINA MCCLELLAND | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DOUGLAS RITTER | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | ||
| ROBBIE O'BRIEN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ELISE HOWARD | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARK OUIMET | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT TISCH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| H TODD KEPHART | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| THOMAS SULLIVAN | |||||||
| PRESIDENT & CEO | 40.00 | 192198 | 0 | 19859 | X | X | |
| JUDITH L WALKER | |||||||
| VP BUS ADMIN | 40.00 | 103620 | 0 | 8518 | X | ||
| VINCE P LINDER | |||||||
| PROVOST | 40.00 | 104796 | 0 | 7542 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 400614 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 35919 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 124484 | GovernmentGrants |
| All Other Contributions | 158477 | AllOtherContributions |
| Total Contributions | 282961 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 8403748 | 8403748 |
| OTHER PROGRAM SERVICE | 611600 | 185668 | 185668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 8589416 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 87072 | TotalRevenueColumn |
| Exclusion | $87,072 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 355619 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 355619 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 355619 | TotalRevenueColumn |
| Exclusion | $355,619 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1109214 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1107017 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2197 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2197 | TotalRevenueColumn |
| Exclusion | $2,197 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 182518 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 109696 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72822 | TotalRevenueColumn |
| Exclusion | $72,822 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 20712 | GrossSalesOfInventory |
| Cost Of Goods Sold | 5043 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15669 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15669 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9405756 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8605085 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $517,710 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 765616 | Total |
| Program Services | 765616 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187110 | Total |
| Program Services | 82695 | ProgramServices |
| Management And General | 104415 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3409029 | Total |
| Program Services | 2087149 | ProgramServices |
| Management And General | 1321880 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102944 | Total |
| Program Services | 45497 | ProgramServices |
| Management And General | 57447 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 383407 | Total |
| Program Services | 174879 | ProgramServices |
| Management And General | 208528 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256945 | Total |
| Program Services | 113559 | ProgramServices |
| Management And General | 143386 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7273 | Total |
| Management And General | 7273 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52281 | Total |
| Management And General | 52281 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 695212 | Total |
| Program Services | 48583 | ProgramServices |
| Management And General | 646629 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 527923 | Total |
| Program Services | 4302 | ProgramServices |
| Management And General | 523621 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 328949 | Total |
| Program Services | 20652 | ProgramServices |
| Management And General | 304571 | ManagementAndGeneral |
| Fundraising | 3726 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152648 | Total |
| Management And General | 152648 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15738 | Total |
| Program Services | 3020 | ProgramServices |
| Management And General | 6491 | ManagementAndGeneral |
| Fundraising | 6227 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58333 | Total |
| Program Services | 2991 | ProgramServices |
| Management And General | 53820 | ManagementAndGeneral |
| Fundraising | 1522 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65916 | Total |
| Management And General | 65916 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 644767 | Total |
| Management And General | 644767 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28962 | Total |
| Management And General | 28962 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BOOKS & PERIODICALS | 508460 | 456190 | 52270 | |
| OTHER | 211732 | 121308 | 68580 | 21844 |
| EQUIPMENT | 182349 | 20216 | 162133 | |
| BOOKSTORE EXPENSES | 126487 | 126487 | ||
| PERSONNEL EXPENSES | 67836 | 29297 | 38539 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127715 | Total |
| Program Services | 592 | ProgramServices |
| Management And General | 107456 | ManagementAndGeneral |
| Fundraising | 19667 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8907632 | Total |
| Program Services | 4103033 | ProgramServices |
| Management And General | 4751613 | ManagementAndGeneral |
| Fundraising | 52986 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2442488 | BOY |
| EOY | 1872534 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 274108 | BOY |
| EOY | 167110 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 724735 | BOY |
| EOY | 604079 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106707 | BOY |
| EOY | 98066 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51282 | BOY |
| EOY | 52054 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17164538 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3638021 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12608870 | BOY |
| EOY | 13526517 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1608636 | BOY |
| EOY | 2582930 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 398393 | BOY |
| EOY | 390627 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18215219 | BOY |
| EOY | 19293917 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1497647 | BOY |
| EOY | 2167413 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1337635 | BOY |
| EOY | 1368717 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5142982 | BOY |
| EOY | 4997575 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7978264 | BOY |
| EOY | 8533705 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9071145 | BOY |
| EOY | 9457895 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267728 | BOY |
| EOY | 351571 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 898082 | BOY |
| EOY | 950746 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10236955 | BOY |
| EOY | 10760212 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18215219 | BOY |
| EOY | 19293917 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 498124 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 25133 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2528387 | BeginningOfYearBalance |
| Contributions | 67759 | Contributions |
| Investment Earnings Or Losses | 77144 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 76094 | GrantsOrScholarships |
| Other Expenditures | 875386 | OtherExpenditures |
| End Of Year Balance | 1721810 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2252044 | BeginningOfYearBalance |
| Contributions | 105725 | Contributions |
| Investment Earnings Or Losses | 190501 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 19883 | GrantsOrScholarships |
| End Of Year Balance | 2528387 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2209525 | BeginningOfYearBalance |
| Contributions | 57199 | Contributions |
| Investment Earnings Or Losses | 3500 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 18180 | GrantsOrScholarships |
| End Of Year Balance | 2252044 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.29570 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.55220 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15210 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1456383 | OtherCostOrOtherBasis |
| Book Value | 1456383 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12333004 | OtherCostOrOtherBasis |
| Depreciation | 2342914 | Depreciation |
| Book Value | 9990090 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1206487 | OtherCostOrOtherBasis |
| Depreciation | 200018 | Depreciation |
| Book Value | 1006469 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2168664 | OtherCostOrOtherBasis |
| Depreciation | 1095089 | Depreciation |
| Book Value | 1073575 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13526517 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MARKETABLE SECURITIES | 2475588 | F |
| INTEREST IN LIMITED PARTNERSHIPS | 107342 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 2582930 | TotalOfBookValueSecurities |
| Total Revenue | 9405756 | TotalRevenue |
| Total Expenses | 8907632 | TotalExpenses |
| Excess Or Deficit For Year | 498124 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 25133 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 25133 | TotalAdjustments |
| Excess Or Deficit Per FS | 523257 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8810032 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 25133 | NetUnrealizedGainsInvestments |
| Other Revenues | -620857 | OtherRevenues |
| Revenue Not Rptd F990 | -595724 | RevenueNotRptdF990 |
| Revenue Subtotal | 9405756 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 9405756 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8286775 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -620857 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -620857 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8907632 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8907632 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE INTENDED USE OF THE TERM AND PERMANENT ENDOWMENT FUNDS IS TO FUND STUDENT SCHOLARSHIPS. THE QUASI-ENDOWMENT FUND MAY BE USED AS A RESERVE OR IN CASE OF EMERGENCY FOR THE OPERATIONS OF THE UNIVERSITY. PART V, LINE 1E INCLUDES $875,386 OF ENDOWMENT EARNINGS APPROPRIATED FOR SPENDING WHICH WERE RECLASSIFIED IN ACCORDANCE WITH STATE LAW AND NEW GAAP GUIDANCE FROM UNRESTRICTED ENDOWMENT ASSETS TO NON-COMPONENTS OF THE ENDOWMENT. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE AMOUNT OF SUCH TAXES IS NOT SIGNIFICANT. IN JULY 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED A NEW STANDARD RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, NOW CODIFIED AS ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740. ASC TOPIC 740 SEEKS TO REDUCE THE SIGNIFICANT DIVERSITY IN PRACTICE ASSOCIATED WITH FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT IN ACCOUNTING FOR INCOME TAXES AND PRESCRIBES THE RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR DISCLOSURES OF TAX POSITIONS PREVIOUSLY TAKEN OR EXPECTED TO BE TAKEN ON AN INCOME TAX RETURN. NOT-FOR-PROFIT ENTITIES ARE ALSO WITHIN THE SCOPE OF ASC TOPIC 740. AN ENTITY MUST CONSIDER WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAX EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, AN ENTITY MUST DETERMINE WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE UNIVERSITY ADOPTED THE PROVISIONS OF ASC TOPIC 740 EFFECTIVE JULY 1, 2009, AND, ACCORDINGLY, ANALYZED ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS. THE UNIVERSITY HAS ALSO ELECTED TO RETAIN ITS EXISTING ACCOUNTING POLICY WITH RESPECT TO THE TREATMENT OF INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND CONTINUES TO REFLECT ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS INSTITUTIONAL SUPPORT EXPENSES. THE ADOPTION OF ASC TOPIC 740 HAS HAD NO IMPACT ON THE UNIVERSITYS FINANCIAL STATEMENTS. THE UNIVERSITY HAS EVALUATED THE PROVISIONS OF ASC TOPIC 740. THE EVALUATION WAS PERFORMED FOR THE YEARS 2008 THROUGH 2011, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2011. THE UNIVERSITY CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE UNIVERSITYS FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS (UTB) (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE UNIVERSITY DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB AT JUNE 30, 2011 OR 2010, AND MANAGEMENT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 5,043. SPECIAL EVENTS EXPENSES 109,696. GRANTS & SCHOLARSHIPS -735,596. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 5,043. SPECIAL EVENTS EXPENSES 109,696. GRANTS & SCHOLARSHIPS -735,596. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | $40,644 FROM THE US SBA SMALL MICRO BUSINESS INCUBATOR CENTER BUILDING REPAIRS |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF OUTING | NameOfEvent1 |
| Gross Receipts Event1 | 36225 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 36225 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 23997 | OtherDirectExpensesEvent1 |
| Name Of Event2 | AUCTION | NameOfEvent2 |
| Gross Receipts Event2 | 146293 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 146293 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 85699 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 182518 | GrossReceiptsTotal |
| Gross Revenue Total Events | 182518 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 109696 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 109696 | DirectExpenseSummaryEvents |
| Net Income Summary | 72822 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (24 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| PROVOST GRADUATE SCHOLARSHIP | 1 | 1500 |
| AMERICORPS MATCHING GRANT | 1 | 393 |
| VA MILITARY GRANT | 14 | 33927 |
| CLEARY INSTITUTIONAL GRANT | 44 | 29665 |
| CLEARY SCHOLARSHIP | 21 | 41111 |
| MICHIGAN GUARD SCHOLARSHIP | 2 | 3786 |
| COMMUNITY COLLEGE & ALUMNI DISCOUNT | 30 | 83782 |
| CLEARY CONTINUITY GRANT | 484 | 339684 |
| NEXT STEP GRANT | 34 | 53551 |
| RITA & CHARLES GELMAN UNDERGRADUATE SCHOLARSHIP | 1 | 2000 |
| ALUMNI ASSOCIATION ENDOWED SCHOLARSHIP | 1 | 334 |
| JACK G. WILSON SCHOLARSHIP | 1 | 500 |
| WILBURN M. BARWICK SCHOLARSHIP | 8 | 12668 |
| ROBERT & BESS COOK ENDOWED SCHOLARSHIP | 1 | 1000 |
| SULLIVAN ENDOWED SCHOLARSHIP | 2 | 2000 |
| LOREN BEUTLER ENDOWED SCHOLARSHIP | 1 | 750 |
| LLOYD & MABEL JOHNSON FOUNDATION SCHOLARSHIP | 8 | 7100 |
| COMMUNITY PARTNER MATCHING GRANT | 3 | 3000 |
| WORK TO LEARN SCHOLARSHIP PROGRAM | 19 | 12250 |
| PR CLEARY PARTNER SCHOLARSHIP | 32 | 47897 |
| GRADUATE ASSISTANT GRANT | 9 | 85050 |
| RITA & CHARLES GELMAN GRADUATE SCHOLARSHIP | 1 | 2000 |
| GIL BURSLEY SCHOLARSHIP | 1 | 334 |
| MARJORY CLEARY MCKENNY & ARTHUR MCKENNY | 1 | 1334 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANT AND SCHOLARSHIP AWARDS ARE USED AT CLEARY UNIVERSITY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS SULLIVAN | NamePerson |
| Base Compensation Filing Org | 192198 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 8972 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 10887 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 212057 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 223579 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEARY UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 381393841 | IssuerEIN |
| CUSIP Number | 594519J84 | CUSIPNumber |
| Date Issued | 2006-06-07 | DateIssued |
| Issue Price | 5335000 | IssuePrice |
| Description Of Purpose | CAPITAL EXPENDITURES | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 430000 | AmountRetired |
| Total Proceeds | 5335000 | TotalProceeds |
| Issuance Costs From Proceeds | 379242 | IssuanceCostsFromProceeds |
| Credit Enhancement | 262230 | CreditEnhancement |
| Capital Expenditures | 4693528 | CapitalExpenditures |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.02000 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.02000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO BEING FILED. | |
| NEW BOARD MEMBERS AND EMPLOYEES ARE ASKED ABOUT ANY CONFLICT OF INTEREST BASED ON THE CONFLICT OF INTEREST POLICY. IF A CONFLICT EXISTS, THE ASSOCIATION WITH THE CONFLICTING INTEREST IS DISCONTINUED OR THE BOARD MEMBER OR EMPLOYEE IS NOT SELECTED TO SERVE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| WE ESTABLISH A BENCHMARK FOR EVERY EMPLOYEE POSITION BASED ON ONE OF THE FOLLOWING: CUPA - HR - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES SALARY SURVEY RESULTS OR GAASHRM - GREATER ANN ARBOR SOCIETY FOR HUMAN RESOURCE MANAGEMENT SALARY SURVEY RESULTS. EVERY EMPLOYEE POSITION IS COMPARED TO A SIMILAR POSITION IN ONE OF THESE SURVEYS (CUPA IS USED IF A POSITION MATCH EXISTS) THE AVERAGE SALARY FOR LIKE INSTITUTIONS OR SIMILAR SIZED NON-PROFITS IS USED AS OUR BENCHMARK WITH A MARGIN OF 15% ON EITHER SIDE OF THE AVERAGE TO ESTABLISH OUR SALARY "RANGE" FOR THE POSITION. ACTUAL SALARY FOR AN EMPLOYEE IS BASED ON EXPERIENCE AND EMPLOYMENT DURATION THAT MOVES ONE'S SALARY UP WITHIN THE SALARY RANGE. | FORM 990, PART VI, SECTION B, LINE 15 | |
| ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 25,133. | FORM 990, PART XI, LINE 5: |
| THERE HAVE BEEN NO CHANGES TO THE AUDIT COMMITTEE'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. | PART XII, LINE 2C |
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