2012-12-10T16:23:28-07:00 2012-06-30 990 2011-07-01 314379560 OHIO DOMINICAN UNIVERSITY OHIO 6142514512 1216 Sunbury Rd Columbus OH 432192086 David Kosanovic 6142514741 2013-02-15 2011 2016-02-24 21:20:13Z Dr Peter Cimbolic PhD 1216 Sunbury Road Columbus OH 43219 58233904 0 X www.ohiodominican.edu X 1911 OH As a Catholic liberal arts University in the Dominican tradition, Ohio Dominican University is guided in its educational mission by the Dominican motto: to contemplate truth and to share with others the fruits of this contemplation. Ohio Dominican educates all individuals committed to intellectual, spiritual and professional growth to become lifelong learners committed to serving others in a global society, as ethical and effective leaders grounded in the pursuit of truth, justice and peace. 34 33 1072 23 71973 0 2122978 3042794 45113755 47239028 3710886 1557606 98192 302124 51045811 52141552 14978979 16742679 0 0 19036307 19708991 0 0 1744218 17497702 17789587 51512988 54241257 -467177 -2099705 95204307 91530993 53615610 54403745 41588697 37127248 X The mission of Ohio Dominican University is the providing of degree and continuing education programs for the intellectual development and growth in truth of each student. In keeping with the Dominican tradition, educational experiences are grounded in the liberal arts, foster the development of spiritual, aesthetic, and ethical values, promote physical and mental health, and provide for the development and responsible use of human skills and talents in professional and social service. 0 1 43457279 16742679 41345531 Post-secondary Education: Instruction of 693 full time equivalent (FTE) students during Summer Term 2011, 2221 FTE during Fall Semester 2011 and 2168 FTE during Spring Semester 2012. 3267742 5853524 Auxiliary Enterprises: Room and Board charges for 605 resident students. This also includes some board charges for commuter and non-resident students, faculty and staff. 0 0 270124 Other Miscellaneous Income which includes administrative cost allowances, sporting event ticket sales, and repayment of bad debt. 0 0 270124 46725021 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 85 0 1 1072 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X David A Kosanovic 6142514512 1216 Sunbury Road Columbus OH 432192086 Sister Janice Bachman 1 X 0 0 0 Judith Baltimore 1 X 0 0 0 Jonathan Beard 1 X 0 0 0 Ralph Breitfeller 1 X 0 0 0 Bishop Frederick Campbell 1 X 0 0 0 Sister Joanne Caniglia 1 X 0 0 0 Sister Kathleen Cannon 1 X 0 0 0 Mary Jo Casey 1 X 0 0 0 Sister Maria Ciriello 1 X 0 0 0 Sister Jeanne Conrad 1 X 0 0 0 Jonathan Dargusch 1 X 0 0 0 William Ebbing 1 X 0 0 0 Sister Mary Faith Geelan 1 X 0 0 0 Charles Gehring 1 X 0 0 0 James Gilmour 1 X 0 0 0 Sterling Hedrick 1 X 0 0 0 Monsignor Joseph Hendricks 1 X 0 0 0 Michael Kelty 1 X 0 0 0 James Laird Jr 1 X 0 0 0 Sister Catherine Mahady 1 X 0 0 0 Richard Maxwell 1 X 0 0 0 Thomas Mueller 1 X 0 0 0 Sister Barbara Rapp 1 X 0 0 0 Nancy Recchie 1 X 3300 0 0 Guy Reece 1 X 0 0 0 John Sandman 1 X 0 0 0 Sister Joan Scanlon 1 X 0 0 0 Sister Mary Hope Sieron 1 X 0 0 0 Sister Jeannette Stang 1 X 0 0 0 Margaret Sullivan 1 X 0 0 0 Sister Barbara Sullivan 1 X 0 0 0 Robert Weiler 1 X 0 0 0 Thomas Winters 1 X 2400 0 0 Claudia Abrams 1 X 0 0 0 Galen Barnes 1 X 0 0 0 Sister Lisa Zuccarelli 1 X 0 0 0 Peter Cimbolic 40 X 289267 0 0 David Kosanovic 40 X 145583 0 0 Ronald Seiffert 40 X 174420 0 0 Mary Alice Miller 40 X 116521 0 0 Ronald Carstens 40 X 100387 0 0 David Archibald 40 X 110626 0 0 942504 0 0 6 0 1 0 0 0 0 62270 0 2244493 736031 0 3042794 Tuition and Fees 611310 41345531 41345531 0 0 Auxiliary Enterprises-Room and Board 611310 5893497 5853524 39973 0 0 0 0 0 47239028 1173922 0 0 1173922 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6362013 1815 5980144 0 381869 1815 383684 0 0 383684 112208 62269 112208 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Miscellaneous Revenue 611310 302124 270124 32000 0 0 0 0 0 302124 52141552 47469179 71973 1557606 0 0 16742679 16742679 0 0 0 0 546190 7000 358607 180583 0 0 0 0 15329398 12871939 1708678 748781 890731 725042 118141 47548 1683588 1337757 241900 103931 1259084 957187 215003 86894 67045 37800 23107 6138 39291 0 33368 5923 57000 0 57000 0 0 0 0 0 0 0 0 0 0 0 6131838 5248910 709290 173638 414017 213250 192815 7952 1699840 1397780 204816 97244 357044 129321 153724 73999 0 0 0 0 2501593 2116624 330906 54063 465519 409822 42913 12784 0 0 0 0 421451 338058 69826 13567 1160801 930080 178678 52043 0 0 0 0 3486951 2871930 615021 0 252041 77893 174148 0 Bad Debt Expense 124945 0 124945 0 Vehicle Expenses 70129 56190 10795 3144 Other Student Services and Staff Expenses 540082 255759 208337 75986 54241257 46725021 5772018 1744218 8008954 4862937 0 0 906650 536603 187684 102146 0 0 0 0 2629890 2463593 38835 61197 47986 46220 99496923 41285736 58008770 58211187 24009916 23222980 688174 647116 0 0 0 750000 677448 627014 95204307 91530993 1544381 2128467 0 0 1129491 1341584 42625000 41935000 0 0 0 0 4875840 4848668 0 0 3440898 4150026 53615610 54403745 X 22063594 21428900 9388033 5554867 10137070 10143481 41588697 37127248 95204307 91530993 X -2099705 -2361744 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24009916 43194 23296 652880 11657 188889 23222980 20141786 27335 4662899 635069 11808 175227 24009916 17767527 115676 2918266 521420 10408 127855 20141786 20215561 188981 -2305125 182259 19961 129670 17767527 0.38 0.62 0 1 0 0 4386597 4386597 0 73551511 25743474 47808037 0 0 0 0 0 18096548 15542262 2554286 0 3462267 0 3462267 58211187 0 Contributions Payable 53245 Fair Value of Interest Rate Swap 4096781 4150026 52141552 54241257 -2099705 -1598611 0 0 0 -722075 -2320686 -4420391 50501882 -1598612 0 0 -41058 -1639670 52141552 0 0 0 52141552 37498577 0 0 0 0 0 37498577 0 16742680 16742680 54241257 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment is maintained primarily for the benefits of students whom disbursements are made for scholarships. A portion of the endowment is available for operations only if the Board of Trustees authorizes such use. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Federal income tax: The Internal Revenue Service has ruled that the University is a tax-exempt educational institution as described in section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. Accordingly, no provision for federal income taxes has been made in the financial statements. The University follows FASB guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the University may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the University, the continued tax-exempt status of bonds issued by the University, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2012 and 2011, there were no unrecognized tax benefits identified or recorded as liabilities. The University files forms 990 and 990-T in the U.S. federal jurisdiction and the state of Ohio. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in fair value of interest rate swap. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in FV of Beneficial Interest in Assets SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Financial Aid - $16,742,679 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Ohio Dominican University is in compliance with Revenue Procedure 75-50. The University publishes a notice of its non-discriminatory policy with the media periodically throughout the year and publically discloses this policy on its website. This policy is also printed in the University catalog which is distributed to prospective students and on our financial aid award notices that are issued to currently enrolled students. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Ohio Dominican University receives federal and state funds in respect to student financial aid and grants for specific University projects. Black & Gold Fundraiser 158023 54760 103263 0 56700 0 22613 0 23950 Golf Outing hosted by Golf Team 10645 4724 5921 0 0 3872 725 0 1324 1 5810 2786 3024 0 0 1855 853 0 316 174478 62270 112208 0 56700 5727 24191 0 25590 112208 0 1 Federal Workstudy Program 268 377525 0 Supplemental Educational Opportunity Grants 177 161221 Ohio Dominican University Academic Scholarships 140 345357 Ohio Dominican University General Grants 2543 15179274 Staff/Employee Benefits and Other Discounts 204 679302 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Scholarships, grants and loans are awarded based on need (as determined by a standardized financial aid form), academic achievement and/or leadership. Recipients are chosen based on objective criteria which are consistent with the overall tax-exempt purpose of the University. The University does not discriminate on the basis of sex, race, color or national or ethnic origin in the administration of its financial aid programs. Any estimates utilized are based on calculated average awards extended to comparable groups. X X 1 1 X X 1 0 0 0 0 0 0 0 0 Peter Cimbolic 249021 0 0 0 40246 0 19600 0 22230 0 331097 0 0 David Kosanovic 144918 0 0 0 665 0 11646 0 7076 0 164305 0 0 0 Mary Alice Miller 115016 0 0 0 1505 0 9600 0 14416 0 140537 0 0 0 Ronald Carstens 99215 0 0 0 1172 0 7748 0 15681 0 123816 0 0 0 David Archibald 57211 0 0 0 53415 0 9104 0 17140 0 136870 0 0 0 Ronald Seiffert 96897 0 0 0 77523 0 12711 0 14858 0 201989 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a A housing allowance is paid to the President as part of the compensation agreement. A country club business membership is held by the University for use by the President, staff members and for University events. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 For the President of the Organization, a formal review of the President's performance is conducted by the Executive Committee of the Board of Trustees. In addition, the President's Secretary gathers salary benchmarking information by collecting data from The Chronicle of Higher Education, Catholic Peer Group Colleges, and Guidestar. This comparability data is used by the Executive Committee of the Board of Trustees when determining the final salary and benefits package for the President. Contemporaneous records of the deliberations and the decision are kept in the form of meeting minutes. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 A severance payment was issued to the former Vice President of University Resources and the former Vice President for LEAD. Ohio Higher Educational Facility Commission Ohio Board of Regents 346849674 67756BUH1 2007-07-16 45095000 Construction, refinancing of older bond debt 0 0 0 0 0 41935000 307079 0 10668648 425985 0 220522 29348045 0 0 2010 1 0 1 1 0 0 1 1 0 0.16 0 0.16 1 0 1 1 JP Morgan Chase 10 0 0 0 0 0 F990_P03_S00_L03 Form 990, Part III, Line 3 On July 1, 2011, the University terminated its contract with a subcontractor that assisted in running the University's adult education program. The termination was a result of a Department of Education final rule change published on October 29, 2010 relating to the re-structuring of the compensation provisions in the University agreement with Institutional Professional Development (IPD). As a result, the existing agreement between the University and IPD would no longer be valid effective July 1, 2011. After good faith negotiations to try and re-structure the agreement, it was determined that the University would purchase the relevant assets from IPD needed to operate the entire program. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A copy of the IRS Form 990 is provided, either electronically or as a hard copy, to each voting member of the governing body of the University prior to filing the form. Each voting member of the governing body is asked to review the Form 990 and submit any questions and comments to management. Questions and responses are communicated to the governing body. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All officers and directors of the Organization are appraised of the Organization's conflict of interest policy when hired or admitted to the Board of Trustees. Annually, each member of the board of trustees is required to complete a conflict of interest questionnaire and identify any potential conflicts of interest. If a conflict were to arise, the officers and directors affected would be prohibited from conducting any of the Organization's business related to the cause of the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 For the President of the Organization, a formal review of the President's performance is conducted by the Executive Committee of the Board of Trustees. In addition, the President's Secretary gathers salary benchmarking information by collecting data from The Chronicle of Higher Education, Catholic Peer Group Colleges, and Guidestar. This comparability data is used by the Executive Committee of the Board of Trustees when determining the final salary and benefits package for the President. Contemporaneous records of the deliberations and the decision are kept in the form of meeting minutes. For the Vice Presidents of the Organization, the Director of Human Resources conducts a salary benchmarking study by collecting data from CUPA. An internal equity analysis is made considering performance, years in position and other factors. Salary adjustments are typically made on an annual basis for the Vice Presidents as determined by the President of the Organization. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Copies of governing documents, conflict of interest policies, and audited financial statements are available from the financial and administrative offices of the University. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in fair value of interest rate swap $-722,075, Unrealized Loss on Investments $-1,598,611, Change in fair value of Beneficial Interest in Assets $-41,058