2012-05-14T08:40:45-05:00 2011-06-30 PARENTEBEARD LLC 20 STANWIX ST SUITE 800 PITTSBURGH PA 15222 990 2010-07-01 237093388 SLIPPERY ROCK UNIVERSITY FOUNDATION SLIP 7247382047 PO BOX 233 SLIPPERY ROCK PA 16057 REGIS I SCHIEBEL 7247382047 2012-05-08 1 PAUL E BLOCK CPA 4122819690 2010 2016-02-24 21:20:13Z REGIS I SCHIEBEL PO BOX 233 SLIPPERY ROCK PA 16057 18437123 0 X WWW.SRUFND.ORG X 1970 PA RAISE PUBLIC SUPPORT USED FOR STUDENT SCHOLARSHIPS & THE BENEFIT & SUPPORT OF SLIPPERY ROCK UNIV. 13 13 110 60 0 0 1434032 2149077 15690215 15177511 530080 403745 -15772 691093 17638555 18421426 2152484 1966552 0 0 176609 559346 0 0 504645 20574887 17739467 22903980 20265365 -5265425 -1843939 158105123 154185617 144448240 140374944 13656883 13810673 THE SLIPPERY ROCK FOUNDATION, INC. EXISTS TO SUPPORT THE PRIORITY NEEDS OF SLIPPERY ROCK UNIVERSITY BY GENERATING AND MANAGEING PRIVATE RESOURCES, BOTH FISCAL AND PHYSICAL. 0 0 1966552 RAISE PUBLIC SUPPORT,HOLD & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY &AWARD SAID SCHOLARSHIPS. 3183981 1733415 RAISE PUBLIC SUPPORT,HOLD & MANAGE FUNDS WHICH ARE USED TO FUND UNIVERSITY SPONSORED PROGRAMS & ACTIVITIES ANDENCOURAGE ATHLETIC PARTICIPATION THROUGH CAMPS AND CONFERENCES THAT BENEFIT OVER 5,000 STUDENTS & PARTICIPANTS ANNUALLY. 14230087 13444096 PROVIDE HOUSING FOR ENROLLED STUDENTS. 19380620 1 1 0 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 81 0 1 110 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 PA X KARA MAXWELL 7247382047 PO BOX 233 SLIPPERY ROCK PA 16057 X ELIZABETH A BERKELY 1.00 X 0 0 0 HARRY BERTRAND 1.00 X 0 0 0 JOHN W CONWAY 1.00 X 0 0 0 MARY CRAWFORD 1.00 X 0 0 0 RICHARD ALLEN 1.00 X 0 0 0 JAMES CULLIGAN 1.00 X 0 0 0 DAVID C KNOPP SR 1.00 X 0 0 0 DR PAUL RIZZA 1.00 X 0 0 0 WILLIAM K THOMAS 1.00 X 0 0 0 REGIS I SCHIEBEL 2.00 X X 0 0 0 WILLIAM C SONNTAG 3.00 X X 0 0 0 BARRY E WELSCH 2.00 X X 0 0 0 DOUGLAS MCMULLEN 1.00 X 0 0 0 0 0 0 0 0 0 0 THOMAS CONSTRUCTION 310 DIAMOND ROAD GROVE CITY PA 16127 CONSTRUCTION 1007259 AVI FOODSYSTEMS INC 2590 ELM ROAD NORTHEAST WARREN OH 44483 FOOD SERVICES 316139 CONDENSED CURRICULUM 214 LITTLE FALLS ROAD FAIRFIELD NJ 07004 CLASSROOM MATERIALS 191332 PHILADELPHIA INSURANCE 231 ST ASAPHS ROAD SUITE 100 BALA CYNWYD PA 19004 INSURANCE 179095 BUTLER MEMORIAL HOSPITAL ONE HOSPITAL WAY BUTLER PA 16001 ADVERTISING 112000 5 37717 2111360 2149077 STUDENT HOUSING RENTAL 611710 13444096 13444096 CAMP RECEIPTS 611710 672898 672898 REGISTRATION 611710 628843 628843 OTHER INCOME 611710 223877 223877 SALES 611710 207797 207797 15177511 403745 403745 112883 37717 15697 97186 97186 SERVICE PURCHASE CONTR 611710 600000 600000 ACTUARIAL LOSSES ON AN 611710 -6093 -6093 593907 18421426 15177511 0 1094838 1966552 1966552 523282 197247 326035 36064 36064 137020 137020 154359 154359 88994 88994 175534 152796 22738 5897278 5897278 4210019 4151315 58704 15862 15862 OPERATING EXPENSES 4181495 4181495 CONTRACTED SERVICES 1073960 1073960 GIFTS AND GRANTS 514178 514178 OPERATING SUPPLIES 408900 408900 ROOM, BOARD, AND MEALS 335633 335633 546235 221849 168514 155872 20265365 19380620 380100 504645 3618683 1489603 628497 640456 110106 37692 124977972 14844445 112858533 110133527 13953919 16937644 26590898 24868627 344487 78068 158105123 154185617 308299 41308 83122 3633091 3380278 140423728 136953358 144448240 140374944 X -2632253 -3753742 4488213 5087983 11800923 12476432 13656883 13810673 158105123 154185617 X -1843939 1997729 X X 0 0 0 X 2040999 2713836 1580436 1327032 2540814 10203117 2040999 2713836 1580436 1327032 2540814 10203117 10203117 6407297 10806318 9516926 15636284 16448324 58815149 69018266 10576079 0.14780 0.19380 X THE ORGANIZATION IS FUNDED BY PUBLIC SUPPORT THROUGH DONATIONS. DUE TO THE ECONOMY, LESS DONORS ARE DONATING TO THE ORGANIZATION. BASED ON THE PRIOR YEAR'S PUBLIC SUPPORT AMOUNTS, THE AMOUNTS DECLINED PARALLEL WITH THE ECONOMY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3633091 628957 881770 3380278 1 13693773 2975162 12261 16656674 15432951 2246703 3962000 23881 13693773 18857549 175000 -3424598 175000 15432951 0.00000 0.09660 0.90340 0 0 2456441 2456441 114570794 12860979 101709815 6371354 1632304 4739050 1579383 351162 1228221 110133527 RESTRICTED CASH AND INVESTMENTS HELD BY TRUSTEE 17720105 F BOND ISSUE COSTS, NET 7148522 F 24868627 UNITRUST OBLIGATION 32751 COMMITMENT PAYABLE 250458 CONTRUCTION PAYABLE- PHASE I AND PHASE II- LIABILITIES 134767600 ACCOUNTS PAYABLE- HOUSING COSTS 1403977 ANNUITIES PAYABLE 497791 STATE WITHHOLD TAX LIABILITY -84 EMS TAX LIABILITY 92 HEALTH INSURANCE LIABILITY 773 136953358 18421426 20265365 -1843939 2606577 -608848 1997729 153790 21802641 2606576 758942 15697 3381215 18421426 0 18421426 21040003 758941 15697 774638 20265365 0 20265365 PART IV, LINE 2B: THE FOUNDATION ANNUALLY AGREES WITH THE UNIVERSITY TO MANAGE THE INVESTMENT OF THE ANNUAL PEPSI COLA ROYALTIES AND OFFICE MAX INCENTIVE MONIES ALLOCATED TO EACH OF THE STATE UNIVERSITIES. SIMILARILY, THE FOUNDATION HAS AGREED TO MANAGE A $1,000,000 DONATION MADE TO THE UNIVERSITY FROM ITS FOOD SERVICE PROVIDER. BEGINNING IN 2008/2009, THE FOUNDATION HELD THE UNIVERSITY'S PORTION OF THE HOUSING PROJECT'S CASH SURPLUS LESS AMOUNTS REQUESTED FOR USE BY THE UNIVERSITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT TUITION SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF JULY 1, 2009 THE FOUNDATION ESTABLISHED A POLICY FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE POLICY ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING FOR INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AT JUNE 30, 2010 BASED ON CURRENT FACTS AND CIRCUMSTANCES. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES WOULD BE INCLUDED IN OPERATING EXPENSES IF INCURRED BY THE FOUNDATION. THE FOUNDATION'S OPEN AUDIT PERIODS INCLUDE 2007 THROUGH 2010. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING PROCEEDS 15,697. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 15,697. PART XI, LINE 8- OTHER ADJUSTMENTS: TRANSFER OF SURPLUS TO UNIVERSITY: $608,848 SUNSET SERENADE 65867 37717 28150 410 13442 500 1345 65867 37717 28150 410 13442 500 1345 15697 12453 1 SCHOLARSHIPS TO STUDENTS 1095 1966552 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY. ADMISSION AND CONTINUED ENROLLMENT ARE MONITORED BY THE FOUNDATION. PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917N5N0 2005-06-09 78847656 TO FINANCE CONSTRUCTION OF STUDENT HOUSING FACILITIES 0 0 0 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 709132BG8 2007-03-29 56679064 TO FINANCE CONSTRUCTION OF STUDENT HOUSING FACILITIES 0 0 0 78847656 4946405 5107836 6202407 62591008 2007 0 0 1 0 56679064 3571750 3101396 4230258 45775661 2008 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE ANNUALLY REVIEWS ALL FEDERAL FILING REQUIREMENTS, AUDITED FINANCIAL STATEMENTS, AND HAS GENERAL OVERSIGHT OVER THE ENTIRE AUDIT PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS INCLUDED IN ITS BY-LAWS. COMPLIANCE IS REVIEWED & MONITORED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,606,577. TRANSFER OF SURPLUS TO SRU -608,848. TOTAL TO FORM 990, PART XI, LINE 5: 1,997,729. 990, PART XI, LINE 2C NO CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR SLIPPERY ROCK UNIVERSITY 1 MORROW WAY SLIPPERY ROCK PA 16057 HIGHER EDUCATION- PUBLIC UNIVERSITY PA 501 (C)(3) LINE 2 COMMONWEALTH OF PENNSYLVANIA 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 SLIPPERY ROCK UNIVERSITY K 758942 PAY RATE OF INDIVIDUAL X TIME SPE SLIPPERY ROCK UNIVERSITY Q 608848 CASH SLIPPERY ROCK UNIVERSITY Q 252813 CASH