2012-05-11T15:05:04-05:00 2011-06-30 PARENTEBEARD LLC 400 MARKET STREET WILLIAMSPORT PA 17701 990 2010-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 RANDY ELDRIDGE 6105270200 2012-05-11 1 5703236023 2010 2016-02-24 21:20:13Z RANDY ELDRIDGE 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 28229181 0 X WWW.ROSEMONT.EDU X 1921 PA ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE. 24 24 560 3 0 0 4249636 3470772 19035715 18512187 416984 644345 165834 48878 23868169 22676182 6283640 6179985 0 0 9221318 9614607 197359 66954 428633 6833112 7518795 22535429 23380341 1332740 -704159 32995304 34397728 12231962 12299834 20763342 22097894 X ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE AND JOY IN THE PURSUIT OF KNOWLEDGE. ROSEMONT COLLEGE SEEKS TO DEVELOP IN ALL MEMBERS OF THE COMMUNITY OPEN AND CRITICAL MINDS, AS WELL AS THE ABILITY TO MAKE REASONED MORAL DECISIONS. ROOTED IN CATHOLICISM, AND GUIDED BY THE EDUCATIONAL PRINCIPLES OF CORNELIA CONNELLY AND THE SOCIETY OF THE HOLY CHILD JESUS, ROSEMONT COLLEGE VALUES: TRUST IN AND REVERENCE FOR THE DIGNITY OF EACH PERSON, DIVERSITY IN HUMAN CULTURE AND EXPERIENCE, AND PERSISTENCE AND COURAGE IN PROMOTING JUSTICE WITH COMPASSION. 0 0 16224740 6076109 18512187 ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 852 WITH A STUDENT TEACHER RATIO OF 7:1 AND AN AVERAGE CLASS SIZE OF 15. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS, AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS. THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN BUSINESS, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS. THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF $5,500,674. 16224740 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 30 0 1 560 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X RANDY ELDRIDGE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 19010 SHARON HIRSH 50.00 X X 206032 0 19341 JUDITH WILKINSON 5.00 X X 0 0 0 RICHARD E GESCHKE ESQ 1.00 X X 0 0 0 SHARON CLARK 1.00 X X 0 0 0 PATRICIA PHILLIPS 1.00 X X 0 0 0 PATRICIA BROWN 1.00 X 0 0 0 MARY ANN BUCKLEY SHCJ 1.00 X 0 0 0 SEAN H FITZPATRICK 1.00 X 0 0 0 ANNE GANNON 1.00 X 0 0 0 CHARLES CURRIE SJ 1.00 X 0 0 0 MARGARET DOYLE SHCJ 1.00 X 0 0 0 MARK NICOLETTI 1.00 X 0 0 0 SANDRA LINCOLN SHCJ PHD 1.00 X 0 0 0 DAVID J LOGAN 1.00 X 0 0 0 CLARE F MACKIE 1.00 X 0 0 0 ANN MARSHALL 1.00 X 0 0 0 ROBERT J MASSA 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ 1.00 X 0 0 0 MARIANNE MCGONIGLE 1.00 X 0 0 0 PATRICIA A PILIA PHD 1.00 X 0 0 0 MARGO B POLETT 1.00 X 0 0 0 SCOTT REIDENBACH ESQ 1.00 X 0 0 0 KATHLEEN M ROTONDARO 1.00 X 0 0 0 RONALD REMICK 1.00 X 0 0 0 MARY SUSNJARA 1.00 X 0 0 0 WILLIAM WERMUTH 1.00 X 0 0 0 VERONICA AHERN 1.00 X 0 0 0 MARION L DAILEY 1.00 X 0 0 0 ELIZABETH FITZMAURICE SHCJ 1.00 X 0 0 0 MARGARET S HEALEY 1.00 X 0 0 0 MARGARET MARY SHERRY 1.00 X 0 0 0 MARY BETH TSIKALAS 40.00 X 100974 0 6997 307006 0 26338 2 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 952384 ARAMARK MANAGEMENT SERVICE LP 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 409669 HERMAN GOLDNER CO INC 7 BREWSTER AVENUE PHILADELPHIA PA 19153 HVAC CONTRACTOR 130573 3 377824 3092948 31259 3470772 STUDENT TUITION AND FE 611710 15466831 15466831 ROOM AND BOARD 721310 3045356 3045356 18512187 226581 226581 298717 458269 -159552 -159552 -159552 5512494 5094730 417764 417764 417764 JAPANESE STUDENTS SP P 900099 61820 61820 BOOKSTORE, LAUNDRY & V 722210 31260 31260 PERKINS LOANS FEES AND 900099 18420 18420 96930 96930 208430 22676182 18530607 0 674803 6100 6100 6173885 6173885 225373 225373 7437340 6045601 1163493 228246 338052 267386 60571 10095 1324591 1062997 221462 40132 289251 228786 51827 8638 48113 48113 63900 63900 66954 66954 74764 74764 596518 40571 555947 491837 1008 490829 1066221 275397 756933 33891 355380 116856 238524 1533152 102901 1430251 71619 45508 19580 6531 75707 23577 21186 30944 306958 306417 541 273755 273755 FOOD SERVICE 841503 841503 MISCELLANEOUS GRANT EXP 764087 764087 OTHER PROGRAM COSTS 465823 377462 88361 BAD DEBT 172748 172748 ATHLETICS 118045 61317 56728 198665 99511 95952 3202 23380341 16224740 6726968 428633 1734 30547 1934058 1177709 2385150 2404904 970168 1271951 645693 563372 207415 309446 33027843 19655628 13363674 13372215 12203129 13926362 1284283 1341222 32995304 34397728 1502677 1576833 641520 648674 5323153 5122208 4144642 4399992 619970 552127 12231962 12299834 X 2561260 2306619 4405396 5887090 13796686 13904185 20763342 22097894 32995304 34397728 X -704159 2038711 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12598732 269723 2082678 899492 1183186 12868455 11523870 1107571 1095385 430162 697932 12598732 8370124 4245928 -892182 200000 11523870 1.00000 0 0 298606 298606 25375696 12832744 12542952 6927177 6426712 500465 426364 396172 30192 13372215 REFUNDABLE ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 552127 552127 22676182 23380341 -704159 1978569 60142 2038711 1334552 19672530 1978569 -5440532 -3461963 23134493 -458311 -458311 22676182 18337978 458311 458311 17879667 5500674 5500674 23380341 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011 OR 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 60,142. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE -5,500,674. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 60,142. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -458,269. FUNDRAISING EXPENSES -42. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 458,269. FUNDRAISING EXPENSES 42. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 5,500,674. 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 THE RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED IN ROSEMONT COLLEGE'S PUBLICATIONS AS WELL AS THEIR COURSE CATALOG AND REGISTRATION MATERIAL. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENT GRANTS WERE RECEIVED DURING THE YEAR AND INCLUDE THE FOLLOWING: FEDERAL - COLLEGE WORK STUDY, MATH & SCIENCE, LIBRARY SERVICES AND TECHNOLOGY, HIGHER EDUCATION STUDENT LEADERSHIP, AND FEMA. STATE - PENNSYLVANIA IAG GRANT, LIQUOR CONTROL BOARD GRANT, HIGHER EDUCATION FOR THE DISADVANTAGED GRANT AND COLLEGE WORK STUDY. X X X X X X 1 PACESETTER ENTERPRISES INC 759 ROBLE ROAD ALLENTOWN PA 18109 SOLICITATION MAIL, E-MAIL, SOCIAL NETWORKING & PURLS 0 1346742 66954 1346742 1346742 66954 1346742 PA 1 THE FOUNDATION FOR COMMUNITY SERVICE C/O THE SHIPLEY SCHOOL 814 YARROW ST BRYN MAWR PA 19010 232844309 501(C)(3) 6100 CASH N/A ANNUAL DONATION TO SUPPORT TOWNSHIP SERVICES 1 0 FINANCIAL ASSISTANCE & SCHOLARSHIPS 556 6173885 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENTS APPLYING FOR FEDERAL FUNDS ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE OFFICE REVIEWS THE RESULTS OF THE FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPT. OF ED., THE AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SHARON HIRSH 171446 0 0 0 34586 0 19341 0 0 0 225373 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES AN ANNUAL HOUSING ALLOWANCE OF $30,000 AND IS REQUIRED TO RESIDE IN OR NEAR ROSEMONT, PA. THE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917NP24 2004-12-01 6300000 RENOVATE STUDENT HOUSING FACILITIES, FUND CAPITAL EXPENDITURES 0 0 0 1237642 6359850 3800000 200854 2358996 2006 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 SCHEDULE K, PART II TOTAL PROCEEDS ON LINE 3 OF PART II IS HIGHER THAN ISSUE PRICE LISTED ON PART I DUE TO INVESTMENT EARNINGS. X 3 31259 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK DONATIONS ARE TRANSFERRED TO A STOCK DONATION ACCOUNT IN THE NAME OF THE COLLEGE. THE STOCKS ARE THEN SOLD AND THE PROCEEDS ARE TRANSFERRED TO THE COLLEGE'S CASH ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION PRESENTED IN THIS RETURN WAS PREPARED BY THE CONTROLLER AND REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. BEFORE IT WAS FINALIZED, THE COMPLETE FORM 990 PUBLIC DISCLOSURE COPY WAS LOADED ONTO THE COLLEGE'S INTRANET FOR REVIEW BY THE PRESIDENT AND MEMBERS OF THE BOARD OF TRUSTEES. THE PRESIDENT AND MEMBERS OF THE BOARD WERE NOTIFIED BY EMAIL, DIRECTED TO THE WEBSITE, AND WERE ASKED TO LOOK OVER THE INFORMATION CAREFULLY. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO ANNUALLY DISCLOSE TO THE BOARD CHAIR ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. FACULTY, ADMINISTRATION, AND STAFF ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THEIR DEAN OR SUPERVISOR. VIOLATIONS OF THE POLICY ARE HANDLED IN ACCORDANCE WITH THE COLLEGE'S DOCUMENTED DISCIPLINARY PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 POSITIONS ARE CLASSIFIED AND PAID ACCORDING TO A UNIFORM INTERNALLY-MAINTAINED SCHEDULE. BECAUSE OF BUDGET CONSTRAINTS, MOST ARE PAID BELOW NATIONAL SALARY AVERAGES OF COMPARATIVE RELIGIOUS COLLEGES/UNIVERSITIES. ROSEMONT USES CUPA-HR DATA TO VALIDATE SALARY OFFERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,978,569. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 60,142. TOTAL TO FORM 990, PART XI, LINE 5: 2,038,711.