2012-05-02T15:52:16-04:00 2011-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2010-07-01 231352648 IMMACULATA UNIVERSITY IMMA 6106474400 CATHOLIC CONFERENCE IMMACULATA PA 193450631 Jennifer Sauer 2012-05-02 true Grant Thornton 2155614200 2010 2016-02-24 21:20:13Z Sister Patricia Fadden 1145 King Rd Immaculata PA 19345 64973793 false X WWW.IMMACULATA.EDU X 1946 PA THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. PLEASE SEE ATTACHMENT 2 FOR FURTHER DETAILS ON THE UNIVERSITY'S MISSION. 30 30 1571 80 0 0 2756541 2787001 54065039 61101571 935377 872409 547863 182305 58304820 64943286 9747993 12073736 0 0 23978039 26932776 0 0 975872 21774008 22776707 55500040 61783219 2804780 3160067 88954662 90976263 55829708 53240738 33124954 37735525 X IMMACULATA UNIVERSITY (THE UNIVERSITY), IS A CATHOLIC UNIVERSITY FOUNDED FOR WOMEN IN 1920 BY THE SISTERS SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. EFFECTIVE FALL 2005, THE UNIVERSITY EXPANDED ITS MARKET IN HIGHER EDUCATION TO INCLUDE BOTH MEN AND WOMEN IN ITS TRADITIONAL UNDERGRADUATE PROGRAM. THE UNIVERSITY, TO ATTAIN THE GOAL OF DEVELOPING THE WHOLE PERSON OF ANY FAITH WITHIN A CATHOLIC COMMUNITY, ENCOURAGES THE STUDENT TO SEE IN LIBERAL EDUCATION AN INTEGRATIVE PROCESS CONTRIBUTING TO THE FORMATION OF A TRULY EDUCATED PERSON: VALUE-ORIENTED AND COMMITTED TO SEEKING IN TRUTH, PROMOTING JUSTICE, AND FOSTERING PEACE. THE UNIVERSITY OFFERS COURSES IN DISTANCE AND ON-LINE INSTRUCTION IN ADDITION TO ON-CAMPUS AND OFF-SITE GRADUATE AND UNDERGRADUATE PROGRAMS. false false 39153002 11811397 54570390 To educate and provide related services to students. In the fall of 2010, this program benefitted 4,456 students, of whom 2,917 were enrolled full time. In the spring of 2011, this program benefitted 4,401 students, 2,875 of whom were enrolled full time. This program also contributed toward the graduation of 848 students. 4229837 158896 3358612 To provide living quarters for students. On an annualized basis, this program benefitted 504 students. 3222909 103443 2498210 To provide meals to students. On an annualized basis, this program benefitted 524 students. 310961 Food Service- Catering 238833 Food Service- Cash Receipts 102490 Bookstore Commission 22075 Vending and Non Credit Workshops 674359 46605748 true true false true false false false false true true false false false true false true false true false false false false false true false false false true true true false false false false false false false false false false false false false false true true false false false false true 100 0 true 1571 true false false false false false true true false false false false X 30 30 false false false false false false false true true false false true true true true false true true true false PA X JENNIFER SAUER 6106474400 1145 KING RD IMMACULATA PA 19345 Sister Lorraine McGrew IHM 2.0 X 0 0 0 Sister Mary Anne Bednar IHM 2.0 X 0 0 0 Peggy A Behm 2.0 X 0 0 0 Phyllis Bellopede 2.0 X 0 0 0 Sister Elaine de Chantal Brookes IH 2.0 X 0 0 0 Reverend George Bur SJ 2.0 X 0 0 0 Anthony Cellucci 2.0 X 0 0 0 Sister Patricia Dailey IHM 2.0 X 0 0 0 Sister Carolyn M Dimick IHM 2.0 X 0 0 0 Frank A Farnesi 2.0 X 0 0 0 Sister Anita Patrick Gallagher IHM 2.0 X 0 0 0 Sister Marie Esther Hart IHM 2.0 X 0 0 0 Brian M Hartline 2.0 X 0 0 0 Gregory G Karabin 2.0 X 0 0 0 Charles Kerrigan 2.0 X 0 0 0 Brian G McElwee 2.0 X 0 0 0 Marion A McGowan 2.0 X 0 0 0 Sister Eileen M McGuigan IHM 2.0 X 0 0 0 Sister Anne B McGuire IHM 2.0 X 0 0 0 Henry J McHugh 2.0 X 0 0 0 Sister Patricia Mengel IHM 2.0 X 0 0 0 Sister Joanne Ralph IHM 2.0 X 0 0 0 Maryann Hammeke Romeo 2.0 X 0 0 0 Sister Joan Rychalsky 2.0 X 0 0 0 Joseph F Wusinich III 2.0 X 0 0 0 A J Gabriele 2.0 X 0 0 0 The Honorable Thomas A Pitt Jr 2.0 X 0 0 0 Edward Roach 2.0 X 0 0 0 Sister Donna Shallo IHM 2.0 X 0 0 0 Sister Mary Smith IHM 2.0 X 0 0 0 BARBARA LETTIERE 2.0 X 0 0 0 MAUREEN H MCCULLOUGH 2.0 X 0 0 0 SISTER RITA JAMES MURPHY IHM 2.0 X 0 0 0 THOMAS J FORD 40.0 X 176417 0 22042 THERESA GRENTZ 40.0 X 135838 0 24110 STEPHEN PUGLIESE 40.0 X 133557 0 15783 ROBERT COLE 40.0 X 53772 0 6237 SISTER R PATRICIA FADDEN 40.0 X 0 0 0 SISTER ANN HEATH 40.0 X 0 0 0 SISTER MARIE HUBERT KEALY IHM 40.0 X 0 0 0 JANET FENTON KANE 40.0 X 114034 0 31860 KEVIN MCINTYRE 40.0 X 112279 0 18059 JED YALOF 40.0 X 120415 0 32233 WILLIAM CARR 40.0 X 114187 0 14251 FRANCIS MARTIN 40.0 X 112880 0 15150 1073379 0 179725 11 false true false SUNGARD HIGHER EDUCATION 2300 MAITLAND CENTER PARKWAY SUITE MAITLAND FL 32751 CONSULTANT 3036217 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 303848532 SERV/FAC MGMT 2861569 CHESTER VALLEY ENGINEERS INC 83 CHESTNUT ROAD PAOLI PA 19301 MGMT 1848643 CANON BUSINESS SOLUTIONS INC 15004 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 MGMT 417059 STUMPO CONSTRUCTION INC 10 COLWELL LANE SUITE 100 CONSHOHOCKEN PA 19428 CONSTRUCTION 295905 14 49000 904144 1833857 2787001 TUITION/FEES 900099 54570390 54570390 RESIDENT HALLS 900099 3358612 3358612 STUDENT BOARD PLAN 900099 2498210 2498210 FOOD SVCS-CATERING 900099 310961 310961 IU CASH RECEIPTS 900099 238833 238833 124565 124565 61101571 872409 872409 0 0 290577 30507 260070 260070 260070 0 0 0 0 FORFEIT STUDENT DEPOSITS 900099 21376 21376 TRANSCRIPT INCOME 900099 22276 22276 PARKING FEE 812930 48240 48240 -169657 -169657 -77765 64943286 61023806 1132479 0 12073736 12073736 0 0 715387 161544 381404 172439 0 20211969 16277601 3484902 449466 968436 700256 239838 28342 3554038 2714506 722249 117283 1482946 1247965 202303 32678 196892 196892 117458 117458 0 0 0 0 3742962 2579117 1130247 33598 947361 146404 800957 6301935 4523439 1670893 107603 3459390 3459390 0 0 348608 225653 102908 20047 0 0 2249315 1731973 517342 0 4248390 3271260 977130 428444 366482 61962 EQUIPMENT RENTAL & MAINT. 542782 442002 94434 6346 SISTERS RESIDENCE EXPENSE 193170 143810 41290 8070 61783219 46605748 14201599 975872 4676247 4415475 370013 132712 1799102 2012257 517984 520022 641899 786757 116738586 57367022 58929134 59371564 21200139 23041495 820144 695981 88954662 90976263 4161032 3179898 3447299 3377454 38214922 36552515 7743099 7573301 2263356 2557570 55829708 53240738 X 18441497 22859277 8466012 8428618 6217445 6447630 33124954 37735525 88954662 90976263 X 3160067 1450504 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 74300 74300 false SCHEDULE C, PART B-II LINE 1I Bigley & Blikle, LLC worked with Immaculata University as consultants to keep the University aware of grant and funding opportunities. Bigley & Blikle also assisted Immaculata University in conducting social meetings with state representatives to make them more familiar with Immaculata Univeristy in order to promote the University to receive funds that were already available. To coordinate these efforts, Bigley & Blikle worked with specific state legislators to assist the University in obtaining such funds. Immaculata University did not attempt to influence legislation during the 2011 fiscal year. 12499547 230185 2661982 186113 473516 14732085 11291751 263676 1566660 162879 459661 12499547 14746735 80741 -2850614 218000 467111 11291751 0.40980 0.59020 false false 212719 212719 84748068 37426235 47321833 4080015 4080015 27697784 19940787 7756997 59371564 0 CONDITIONAL ASSET RETIREMENT 1830558 STUDENT DEPOSITS 367802 SWAP AGREEMENTS 359210 2557570 64943286 61783219 3160067 1450504 1450504 4610571 57236554 1450504 1821056 30507 3302067 53934487 11008799 11008799 64943286 52625983 1821056 30507 1851563 50774420 11008799 11008799 61783219 SCHEDULE D, PART V, LINE 4 The University's endowment consists of approximately 43 individual funds established for a variety of purposes including scholarships, faculty development and general operations. SCHEDULE D, PART X: FIN 48 Disclosure The University is qualified as a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code, as amended. Accordingly, the University is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. The University recognizes the effect of income tax provisions, if any, only if those positions are more likely than not of being sustained. No provision for income taxes was required for fiscal year 2011. SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $ 30,507 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIP TUITION DISCOUNT $10,746,460 RESIDENT ASSISTANT DISCOUNTS $ 262,339 ----------- $11,008,779 SCHEDULE D, PART XIII, LINE 2D RENTAL EXPENSE RECLASSED TO REVENUE $ 30,507 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIP TUITION DISCOUNT $10,746,460 RESIDENT ASSISTANT DISCOUNTS $ 262,339 ----------- $11,008,779 true true true true true true true false false false false false false false false true false true Part I, Line 3 THE UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY. Part I, Line 6 FEDERAL AND STATE GRANTS GOLF TOURNAMENT 103790 49000 54790 19241 35549 Art Show 195071 195071 2698 4056 198404 0 298861 49000 249861 19241 2698 4056 233953 259948 -10087 true SCHOLARSHIPS TO VARIOUS STUDENTS 1284 12073736 FMV SCHOLARSHIPS/FIN AID Schedule I, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLARSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS. false false false false false false false false false THOMAS J FORD 176417 0 0 0 0 0 12217 0 9825 0 198459 0 THERESA GRENTZ 135838 0 0 0 0 0 9923 0 14187 0 159948 0 JED YALOF 120415 0 0 0 0 0 7041 0 25192 0 152648 0 CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 165579DP5 2005-06-26 23128100 CAMPUS RENOVATIONS AND UPGRADES false false false CHESTER COUNTY HEALTH & ED FACILITIES AU 232265260 2010-12-15 14165797 CURRENT REFUNDING, EST DEBT SRVC R false false false 22773035 1840964 2282832 685133 19144676 2007 false false true true 14161736 500000 195939 13465797 true false true true false false false false true true true false false true AIG MATCHED FUNDING 3. true false false false true true pnc banck na 4.19 See Schedule O for detail disclosures related to the tax exempt bonds PART VI, LINE 11A REVIEW OF FORM 990 AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSIY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF PRESIDENT OF UNIVERSITY: SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. PART VI, LINE 15B PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE constraints OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. Salary data is gathered from CUPA and NACUBO and is used to establish benchmarks for university executive administrators. This process was last undertaken for the fiscal year 2009-2010. Part VI, Line 12c CONFLICT OF INTEREST POLICY THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. PART VII & SCHEDULE J COMPENSATION OF MEMBERS OF RELIGIOUS ORDER THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Lorraine McGrew, IHM Sister Mary Anne Bednar, IHM Sister Elaine De Chantal Brookes, IHM Sister Patricia Dailey, IHM Sister Carolyn M. Dimick, IHM Sister Anita Patrick Gallagher, IHM Siter Marie Esther Hart, IHM Sister Eileen M. McGuigan, IHM S ister Anne B. McGuire, IHM Sister Patricia Mengel, IHM Sister Joanne Ralph, IHM Sister Joan Rychalsky, IHM Sister Donna Shallo, IHM Sister Mary Smith, IHM Sister Rita James Murphy, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Patricia Fadden, IHM - President Sister Ann Health, IHM - Vice President, Academic Affairs Sister Marie Hubert Kealy, IHM - Secretary PART VI, LINE 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, AND FINANCIALS THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFILIC OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. RECONCILIATION TO NET ASSETS PART XI, LINE 5 Unrealized Gain on Investments $1,809,714 Unrealized Loss on Swap Agreement $ (359,210) ---------- $1,450,504 Schedule K, Part I Column (e), LINE A ISSUE PRICE $23,128,100 DEPOSIT TO RESERVE FUND 2,000,000 INTEREST OF DEBT SERVICE RESERVE FUND 102,361 COST OF ISSUE DEDUCTED FROM PROCEEDS AT CLOSING (457,415) ------------ PART II, LINE 3 24,773,035 Schedule K, Part I Column (e), LINE B ISSUE PRICE $14,165,797 ISSUE COSTS OVERESTIMATED ON FORM 8036 (4,061) ------------ PART II, LINE 3 14,161,736 SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KING RD IMMACULATA PA 19345 231352569 Religious PA 501(c)(3) 2 NA ENSERV INC PO BOX 665 IMMACULATA PA 19345 232731906 WATER TREAT. PA 501(C)(3) 2 IMMACULTA false false true false false false false false false false false false false false false false true false SISTERS SERVANTS OF IHM C 5000 SISTERS SERVANTS OF IHM Q 205541 SISTERS SERVANTS OF IHM Q 324909