2012-03-08T07:23:40-06:00 2011-06-30 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2010-07-01 231657958 NEUMANN UNIVERSITY NEUM 6105585503 ONE NEUMANN DRIVE ASTON PA 190141298 DR ROSALIE M MIRENDA 6105585503 2012-03-01 1 JULIUS GREEN CPA 2159720701 2010 2016-02-24 21:20:13Z MR JOSEPH GORMAN ONE NEUMANN DRIVE ASTON PA 190141298 96586038 0 X WWW.NEUMANN.EDU X 1965 PA TO MAINTAIN AND OPERATE A COLLEGE FOR THE LIBERAL EDUCATION OF MEN AND WOMEN. 25 23 1024 10 54521 0 3213689 3290794 57907660 60824471 713251 1136470 1012581 905422 62847181 66157157 15015397 16415778 0 0 22267021 23558536 32466 22669 1259490 21559839 23183151 58874723 63180134 3972458 2977023 121861656 126502642 53832479 54697205 68029177 71805437 X NEUMANN UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS BASED UPON THE BELIEF THAT KNOWLEDGE IS A GIFT TO BE SHARED IN THE SERVICE OF OTHERS AND THAT LEARNING IS A LIFELONG PROCESS. 0 0 54586777 16415778 53447432 NEUMANN UNIVERSITY IS A PRIVATE, CATHOLIC, FRANCISCAN, CO-EDUCATIONAL UNIVERSITY.FALL ENROLLMENT (FULL TIME AND PART TIME) FOR 2011 WAS 3,100 STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN A BROAD RANGE OF SUBJECTS. GRADUATE DEGREES INCLUDE TWO DOCTORAL PROGRAMS AND FIVE MASTER OF SCIENCE PROGRAMS. STUDENT ACTIVITIES INCLUDE NUMEROUS CLUB ACTIVITIES, ART AND MUSICAL GROUPS, AND NINETEEN SPORTS TEAMS.FACULTY AND STUDENTS HAVE BEEN RECOGNIZED BY MANY ORGANIZATIONS FOR THEIR RESPECTIVE CONTRIBUTIONS TO ACADEMIC EXCELLENCE AND COMMUNITY SERVICE. DURING THE YEAR ENDED JUNE 30, 2011, THE UNIVERSITY PROVIDED STUDENTS WITH FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $16,415,778, WHICH REPRESENTED 33% OF GROSS TUITION AND FEE REVENUE FOR THE YEAR. 54586777 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 145 0 1 1024 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA AK AZ CO KY ME MD MA MI NH NY OH OK OR WA X JOSEPH GORMAN VP FINANCE & ADMIN 6105585503 ONE NEUMANN DRIVE ASTON PA 190141298 DR ROSALIE M MIRENDA 60.00 X X 310735 0 54856 ANN BAIADA RN CRRN 1.00 X 0 0 0 MSGR FEDERICO A BRITTO 1.00 X 0 0 0 THOMAS A BRUDER JR 1.00 X 0 0 0 JAMES D DELANEY 1.00 X X 0 0 0 DEACON DANIEL N DELUCCA PHD 1.00 X 0 0 0 JAY DEVINE 1.00 X X 0 0 0 JOHN C FORD 1.00 X 0 0 0 GERALDINE A HENWOOD 1.00 X 0 0 0 JACK H HOLEFELDER 1.00 X 0 0 0 SR MARIJANE HRESKO OSF 1.00 X 0 0 0 FRANK J JANTON 1.00 X 0 0 0 MICHAEL KRANCER ESQ 1.00 X 0 0 0 SR MARGARET M LEWIS OSF 1.00 X 0 0 0 MARTIN F MCKERNAN JR ESQ 1.00 X 0 0 0 MARIAN D MOSKOWITZ 1.00 X 0 0 0 JEFF MULLEN 1.00 X 0 0 0 AURORA C O'BRIEN 1.00 X 0 0 0 THOMAS P PHIAMBOLIS MD 1.00 X 0 0 0 FRANCIS GX PILEGGI ESQ 1.00 X 0 0 0 SR ANGELA MARIE PRESENZA OSF 1.00 X 0 0 0 SR CLARE CHRISTI SCHIEFER OSF 1.00 X 0 0 0 THOMAS C SHEA SR 1.00 X 0 0 0 SR CHRISTA M THOMPSON OSF 1.00 X 0 0 0 SR ANN MICHELE ZWOSTA OSF 1.00 X 0 0 0 DR GERARD O'SULLIVAN 50.00 X 131681 0 33436 JOSEPH GORMAN 50.00 X 125049 0 18789 DENNIS MURPHY 50.00 X 113683 0 25386 DAVID BROWNLEE 50.00 X 110419 0 24981 JONATHAN PERI 50.00 X 114806 0 31163 HENRY SUMNER 50.00 X 106022 0 29772 DAVID O'LEARY 50.00 X 105894 0 24192 JOSEPH GILLESPIE 50.00 X 119632 0 25131 KATHLEEN HOOVER 50.00 X 107785 0 27482 DR ARDE SHAHMAEI 40.00 X 104194 0 23902 1449900 0 319090 11 0 1 0 SODEXHO OPERATIONS LLC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 2413043 ALLIED BARTON SECURITY SERVICE PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 1634116 ARAMARK FACILITY SERVICES PO BOX 33170 NEWARK NJ 07188 FACILITIES & HOUSEKEEPING SVCS 1459881 JOHN S MCMANUS INC PO BOX 418 CHESTER HEIGHTS PA 19017 GENERAL CONTRACTOR 415398 KOVATCH LANDSCAPING 202 HAWTHORNE COURT LANDENBERG PA 19350 LANDSCAPING SERVICES 320353 7 149730 40000 1592224 1508840 402790 3290794 TUITION AND FEES 611310 53430203 53430203 ROOM AND BOARD 611310 7394268 7394268 60824471 719101 719101 2853 8806 -5953 -5953 -5953 29558994 29141625 417369 417369 417369 93327 149730 93327 0 5050 2525 2525 2525 1433085 1182598 250487 250487 CAFETERIA & MEAL REV 722210 251979 251979 CHILD DEVELOPMENT CTR 611310 210343 210343 RESIDENCE REVENUE 531390 60300 60300 135741 17229 54521 63991 658363 66157157 53447432 54521 9364410 16415778 16415778 1360864 570066 790798 16873635 14474481 1622504 776650 704296 612754 58244 33298 3375880 2861975 360605 153300 1243861 1032299 157869 53693 81754 81754 84280 15000 69280 214914 214914 22669 22669 26725 26725 5648314 4261836 1287747 98731 616007 518244 95055 2708 2967658 2335794 588159 43705 262993 67957 194762 274 2196788 2175999 20789 471931 375310 91602 5019 91562 75110 14904 1548 2501268 2501268 3041196 3041196 368400 368400 FOOD SERVICES 1991255 1991255 OTHER EDUCATION EXPENSE 1242694 264586 978108 ENTERTAINMENT 416658 293116 90329 33213 SPECIAL EVENTS 207926 168256 20948 18722 REPAIRS 196399 164766 31633 554429 343006 195463 15960 63180134 54586777 7333867 1259490 3187164 3375948 19842003 20307502 1503212 1237721 1112045 1816726 552870 564247 185158 127033 107566585 35375141 70798376 72191444 23361954 26219891 88180 81572 1230694 580558 121861656 126502642 2990882 2813466 1035994 1219145 47925000 47940000 900000 675000 980603 2049594 53832479 54697205 X 57738458 63412587 4861295 2809848 5429424 5583002 68029177 71805437 121861656 126502642 X 2977023 799237 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 214914 214914 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: NEUMANN UNIVERSITY HAS RETAINED THE SERVICES OF GREENLEE, INC., ROSSCOMMON INTERNATIONAL, AND MARY SHIELDS GOVERNMENT RELATIONS, LLC FOR THE PURPOSE OF LOBBYING ACTIVITIES TO ACQUIRE FEDERAL AND STATE GRANTS AND APPROPRIATIONS. 18923980 285028 3091027 96111 438000 21765924 13457034 4078138 1585806 96998 100000 18923980 13323866 2185353 -1851736 200449 13457034 0.69850 0.30150 0.00000 0 0 1857876 1857876 80472992 18311462 62161530 14725679 11765549 2960130 10510038 5298130 5211908 72191444 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1969022 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 80572 2049594 66157157 63180134 2977023 2065272 -1266035 799237 3776260 51825347 2065272 -17681813 -15616541 67441888 -1284731 -1284731 66157157 48049087 1284731 1284731 46764356 16415778 16415778 63180134 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE FOR SCHOLARSHIPS, OPERATING COSTS, AND FUTURE CAPITAL PROJECTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON BOND REFUNDING -1,266,035. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -16,415,778. LOSS ON BOND REFUNDING -1,266,035. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES -1,182,598. SPECIAL EVENTS EXPENSE -93,327. RENTAL EXPENSES -8,806. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES 1,182,598. SPECIAL EVENTS EXPENSE 93,327. RENTAL EXPENSES 8,806. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,415,778. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 RACIALLY NON-DISCRIMINATORY POLICY APPEARS IN ALL ADVERTISEMENTS AND THE STUDENT AFFAIRS HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 NEUMANN UNIVERSITY RECEIVES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) INSTITUTIONAL ASSISTANCE FUNDS AS WELL AS FUNDS FROM THE DEPARTMENT OF EDUCATION AND THE STATE OF DELAWARE FOR FINANCIAL AID TO STUDENTS. X X 1 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE SOLICITATIONS 0 45958 22669 23289 45958 22669 23289 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH PA RI SC TN UT VA WV WI OR OK WA SCHOLARSHIP GALA 170125 113157 56968 4200 31652 3795 17321 "EVENING IN" 40155 16238 23917 18917 3000 2000 1 32777 20335 12442 1220 8404 2818 243057 149730 93327 5420 58973 6795 22139 93327 0 1 STUDENT AID 2166 16415778 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NEUMANN UNIVERSITY'S PROCESS FOR MONITORING FINANCIAL AID AND MONITORING GRANT FUNDS IS A COMBINATION OF PROCEDURES INVOLVING THE FOLLOWING OFFICES - FINANCIAL AID, INSTITUTIONAL ADVANCEMENT, REGISTRAR, AND THE BUSINESS OFFICE. ALL GRANT EXPENDITURES ARE INITIALLY REVIEWED AND APPROVED BY GRANT PROJECT DIRECTORS. IF THE EXPENDITURE IS ABOVE $1,000, THEN IT IS ALSO REVIEWED AND APPROVED BY BOTH THE UNIT VICE PRESIDENT AND THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION. BEFORE ANY EXPENSES ARE SUBMITTED BY THE UNIVERSITY FOR REIMBURSEMENT FROM THE GRANTING AGENCY, IT IS REVIEWED AGAIN BY THE UNIVERSITIES CONTRACTS & GRANTS ACCOUNTANT TO ENSURE THE GRANT FUNDS WERE EXPENDED IN COMPLIANCE WITH UNIVERSITY POLICIES AND PROCEDURES, APPLICABLE OMB CIRCULARS, AND ANY ADDITIONAL SPONSOR OR PROGRAMMATIC REGULATIONS. THESE EXPENSES ARE THEN SUBMITTED BACK TO THE PROJECT DIRECTOR AND THE UNIVERSITY'S CONTROLLER FOR FINAL REVIEW AND SIGNATURE OF APPROVAL. INSTITUTIONAL ADVANCEMENT AND THE FINANCIAL AID OFFICE AWARD SCHOLARSHIPS AND GRANTS ACCORDING TO THE SPECIFICATIONS/REQUIREMENTS OF THE SPECIFIC AWARD. THE FINANCIAL AID OFFICE, REGISTRAR, AND BUSINESS OFFICE COORDINATE THE AWARDING AND DOCUMENTATION OF FINANCIAL AID TO INCLUDE ELIGIBILITY OF FINANCIAL AID, NOTIFICATION OF STUDENTS, CHANGE OF STATUS, AND RECONCILEMENT OF STUDENT ACCOUNTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ROSALIE M MIRENDA 310735 0 0 0 0 0 18644 0 36212 0 365591 0 0 0 DR GERARD O'SULLIVAN 131681 0 0 0 0 0 7901 0 25535 0 165117 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE ATTENDS AN ANNUAL EVENT WITH THE PRESIDENT AS A UNIVERSITY AMBASSADOR. HIS TRAVEL EXPENSES FOR THIS EVENT ARE PAID BY THE UNIVERSITY. THE PRESIDENT MAY BE REIMBURSED FOR ENTERTAINMENT AT PRIVATE RESIDENCE FOR NEUMANN UNIVERSITY BUSINESS. DELAWARE COUNTY AUTHORITY 231973437 246003LD7 2008-04-03 21632840 FINANCE CAPITAL ADDITIONS 0 0 0 DELAWARE COUNTY AUTHORITY 231973437 246009MT0 2010-11-10 26382471 REFUND 1998A AND 2001 BOND ISSUES 0 0 0 21827652 1628615 194813 19839037 2009 0 0 1 1 11130780 26175150 14851985 399269 437 2011 1 1 0 1 0 0 1 0 1 0.01000 0.00000 0.01000 1 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION BOND A: THE DIFFERENCE BETWEEN THE AMOUNT REPORTED IN PART I, COLUMN (E) AND THE AMOUNT REPORTED IN PART II, LINE 3 IS DUE TO ISSUANCE COSTS. BOND B: THE DIFFERENCE BETWEEN THE AMOUNT REPORTED IN PART I, COLUMN (E) AND THE AMOUNT REPORTED IN PART II, LINE 3 IS DUE TO THE UNDERWRITER DISCOUNT. X 1 402790 FMV 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I, LINE 9, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS PROVIDING DONATIONS OF PUBLICLY TRADED SECURITIES. NUMBER OF EMPLOYEES FORM 990, PART V, LINE 2 THE UNIVERSITY HAS 1,024 EMPLOYEES OF WHICH 269 ARE FULL TIME EMPLOYEES AND 755 ARE STUDENT WORKERS, WORK STUDY STUDENTS OR PART-TIME EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE UNIVERSITY CONSIST OF THE CONGREGATIONAL MINISTER AND THE COUNCIL OF THE RELIGIOUS CONGREGATION OF THE SISTERS OF ST. FRANCIS OF PHILADELPHIA. FORM 990, PART VI, SECTION A, LINE 7A SISTERS OF SAINT FRANCIS RESERVE THE POWER TO CHOOSE THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7B THE SISTERS OF ST. FRANCIS HAVE CERTAIN RESERVE POWER REGARDING DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE ANNUAL FEDERAL NON-PROFIT TAX RETURN FORM, IRS FORM 990, APPLICABLE TO NEUMANN UNIVERSITY, IS COMPLETED AND SUBMITTED TO THE IRS BY THE NEUMANN UNIVERSITY ADMINISTRATION THROUGH THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FORM 990 IS SHARED WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, A FINAL COPY IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE UNIVERSITY PRESIDENT AND GENERAL COUNSEL REVIEW THE SIGNED STATEMENTS AND HANDLE ANY CONFLICTS OF INTEREST. INDIVIDUALS WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS REVIEWED BY A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PROCESS INCLUDES A REVIEW OF PEER COMPENSATION (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) - HUMAN RESOURCES SURVEY), THE UNIVERSITY'S MISSION AND VISION, ECONOMIC CLIMATE FOR THE REGION, AND THE ACHIEVEMENT OF GOALS AS CONTAINED IN THE STRATEGIC PLAN. WHEN THIS PROCESS IS COMPLETED, THE PRESIDENT'S COMPENSATION IS DECIDED AND INCLUDED IN THE ANNUAL BUDGET, WHICH IS APPROVED BY THE BOARD OF TRUSTEES. INCREASE IN COMPENSATION IS CONSISTENT FOR ALL KEY EMPLOYEES AND OFFICERS OF NEUMANN UNIVERSITY AND INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE FOR UNIVERSITY EMPLOYEES IS A COMBINATION OF ECONOMIC CONDITIONS FOR THE REGION AND THE CUPA SURVEY. FORM 990, PART VI, SECTION C, LINE 19 ACCESS TO THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL NOT BE UNREASONABLY WITHHELD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,065,272. LOSS ON BOND REFUNDING -1,266,035. TOTAL TO FORM 990, PART XI, LINE 5: 799,237. SISTERS OF ST FRANCIS OF PHILADELPHIA 609 S CONVENT ROAD ASTON PA 19014 CONGREGATION OF CATHOLIC WOMEN RELIGIOUS PA 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0