2012-04-17T13:59:30-05:00 2011-05-31 MCGLADREY & PULLEN LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2010-06-01 362170999 University of St Francis UNIV 8157403372 500 Wilcox Street Joliet IL 604356188 Elizabeth Laken 8157403372 2012-04-17 1 Zack Fortsch 3126343400 2010 2016-02-24 21:20:13Z Elizabeth Laken 500 Wilcox Street Joliet IL 604356188 74474567 0 0928 X www.StFrancis.edu X 1920 IL Higher Learning (Post Secondary Education) 33 32 1242 0 0 0 2442964 2892121 47518019 52803786 882073 725049 805659 972535 51648715 57393491 13453957 15619026 0 0 24371642 25308202 0 0 1550230 13403150 14458356 51228749 55385584 419966 2007907 68724610 68945741 40026590 40048893 28698020 28896848 X As a Catholic university rooted in the liberal arts, we are a welcoming community of learners challenged by Franciscan values and charism, engaged in a continuous pursuit of knowledge, faith, wisdom, and justice, and ever mindful of a tradition that emphasizes reverence for creation, compassion and peacemaking. We strive for academic excellence in all programs, preparing women and men to contribute to the world through service and leadership. 0 0 38175867 15619026 49677831 InstructionThe Catholic, Franciscan university offers 41 baccalaureate programs including 4 degree completion majors, 17 master's level programs (onsite and online classes) 8 graduate certificates and 1 doctoral program.In FY11 served full-time equivalent (FTE) enrollment of 1,234 traditional undergraduates (UG), 209 degree completion (DC), and 2,259 graduate (GR) students.In FY11, a total of 928 degrees and certificates were awarded (364 undergraduate, 494 graduate, 4 post-master's certificate and 4 doctoral) 5455163 Student ServicesFinancial aid, athletics, Student Government Association (SGA) clubs, career planning and placement, health services, counseling, support for students with disabilities, Campus Ministry.In FY11 92% of traditional undergraduate students and 99% of incoming freshmen (FR) receive some form of financial aid.In FY11 384 student athletes participated in baseball, basketball, football, golf, soccer, softball, spiritline, tennis, volleyball, track, and cross country. 3926533 3125955 Auxiliary EnterprisesIn Fall 2010, 382 students filled student housing to 97% capacity. 2093075 53740 Academic SupportLibrary, Academic Resource Center, Student Computer Labs, Fine Arts Performance Series, Art GalleryThe library's collection included 138,882 books and other paper materials, 18,231 current serial subscriptions, 1,767 microforms, and 4,701 audiovisual materials. 2093075 53740 49650638 1 1 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 1 0 1 0 0 0 0 1 0 0 0 0 1 111 0 1 1242 1 0 0 0 0 0 1 1 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Mark McCabe 8157403372 500 Wilcox Street Joliet IL 60534 JD Ross 8.00 X X 0 0 0 Kathleen J McGowan 8.00 X X 0 0 0 Robert J Baron 8.00 X 0 0 0 Mark D Bass 8.00 X 0 0 0 Susan Bruno OSF 8.00 X 0 0 0 Frank G Cavazos 8.00 X 0 0 0 Nancy Rogina Clodi 8.00 X 0 0 0 Vincent F Cornelius 8.00 X 0 0 0 Robert F Filotto 8.00 X 0 0 0 Chrystel Gavlin 8.00 X 0 0 0 Marisue Grabavoy 8.00 X 0 0 0 Margaret Eletta Guider OSF 8.00 X 0 0 0 Diane F Habiger 8.00 X 0 0 0 Rao H Kilaru MD 8.00 X 0 0 0 Jean Lenz OSF 8.00 X 0 0 0 James B Lewis O Carm 8.00 X 0 0 0 Mary Rose Lieb OSF 8.00 X 0 0 0 John T Manner 8.00 X 0 0 0 Robert Rogina 8.00 X 0 0 0 Joseph R Shankland 8.00 X 0 0 0 Paramjit Singh Sidhu 8.00 X 0 0 0 M Therese Southgate MD 8.00 X 0 0 0 Michael G Spinozzi 8.00 X 0 0 0 Cheryl Stepney 8.00 X 0 0 0 Faith Szambelanczyk OSF 8.00 X 0 0 0 Frank Turk Jr 8.00 X 0 0 0 Christopher J Ward 8.00 X 0 0 0 J Bradley Webb 8.00 X 0 0 0 Patricia S Wheeler 8.00 X 0 0 0 Keith D Winfrey 8.00 X 0 0 0 Lawrence A Wyllie 8.00 X 0 0 0 Robert W Wysocki 8.00 X 0 0 0 Mary Jo Young OSF 8.00 X 0 0 0 Michael Vinciguerra 40.00 X 214585 0 20228 Robert Tenuta 40.00 X 129196 0 15196 Frank Pascoe 40.00 X 135238 0 21667 William Biebuyck 40.00 X 145019 0 15606 Gerard Kickul 40.00 X 101045 0 10920 Lyle Hicks 40.00 X 114333 0 16346 Laura Grimes 40.00 X 111050 0 17022 950466 0 116985 11 0 1 0 Sodexo Inc & Affiliates 500 Wilcox Street Joliet IL 60435 Food Management Services 1578337 Ikon Office Solutions-IMS-1384 PO Box 198727 Atlanta GA 30384 Document Handling 315773 Johansen & Anderson Inc 925 Plainfield Road Joliet IL 60435 Maintenance 276746 Henry Bros 9821 South 78th Avenue Hickory Hills IL 60457 General Contractor 276316 Lincoln Investment Advisors 1300 S Clinton St Suite 150 Fort Wayne IN 46802 Investment Management 119357 7 192715 1596753 1102653 255213 2892121 Tuition and Fees 611710 49677831 49677831 Residence Hall Revenue 611710 3125955 3125955 52803786 226833 226833 188870 188870 188870 188870 17382926 16884710 498216 498216 498216 196366 192715 196366 0 Training/Workshops 900099 176648 176648 Bookstore Revenue 900099 102386 102386 Athletic Camps 713940 53740 53740 450891 450891 783665 57393491 52857526 0 1643844 15619026 15619026 379206 331597 37203 10406 19975011 17467192 1959687 548132 1038683 899732 112011 26940 2509211 2095806 347260 66145 1406091 1232902 132734 40455 12100 815 11285 122942 122942 1841798 1580325 188760 72713 266921 102104 164166 651 2739301 2355299 225048 158954 1039605 777524 257661 4420 475133 448028 18107 8998 61615 52402 3428 5785 1513049 1493175 17035 2839 2274547 2271764 2388 395 334551 267380 56709 10462 Equip. Rental & Maint. 496029 328598 120283 47148 Printing & Publications 391179 363337 27842 Licensing, Software 248265 184202 52712 11351 Bad Debt Expense 200000 200000 2441321 1579430 355297 506594 55385584 49650638 4184716 1550230 6720 7220 8480032 7605484 398789 436518 5232934 5505631 1176416 1367795 241072 323861 60680829 24574244 40634304 36106585 9500202 14161716 3054141 3430931 68724610 68945741 2540883 3753009 4455889 4407447 28739252 27459198 64800 48600 4225766 4380639 40026590 40048893 X 18983382 17741384 3718837 4789817 5995801 6365647 28698020 28896848 68724610 68945741 X 2007907 -1809079 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6964970 369846 669907 328885 7675838 6659988 369185 235043 299246 6964970 7055140 269137 -396014 268275 6659988 0.82930 0.17070 0 0 1642200 9110511 10752711 38743070 15346514 23396556 8356185 6663855 1692330 2828863 2563875 264988 36106585 Refundable Government Loan Program 983673 Interest Rate Swap 3110438 Capital Lease 286528 4380639 57393491 55385584 2007907 -1809079 -1809079 198828 41629995 -1809079 572429 196366 -1040284 42670279 14723212 14723212 57393491 41431167 572429 196366 768795 40662372 14723212 14723212 55385584 Description of Intended Use of Endowment Funds: Part V, Line 4: The intended use of the organization's endowment funds are: Scholarships and awards, faculty development, payments to annuity recipients, and educational programs. Description of Uncertain Tax Positions Under FIN 48: Part X: The University is exempt from income taxes under Code Section 501(c)(3) of the Internal Revenue Code and corresponding state law. The University follows the FASB guidance for uncertainty in income taxes. The standard clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Management believes that the University has no material uncertainties in income taxes. The University is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for fiscal years before 2008. The University will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense. Part XII, Line 2d - Other Adjustments: Special Event Expenses 196,366. Part XII, Line 4b - Other Adjustments: Scholarships 14,723,212. Part XIII, Line 2d - Other Adjustments: Special Event Expenses 196,366. Part XIII, Line 4b - Other Adjustments: Scholarships 14,723,212. 1 0 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 College is in compliance with Rev. Proc. 75-50. The College publishes its nondiscrimination policy in its catalog, freshman and transfer admission, and has the policy posted on its website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University participates in various federal and state programs for financial aid to students and to the University itself. Caritas 214103 87718 126385 126385 Annual Golf Outing 89475 56371 33104 33104 2 85503 48626 36877 36877 389081 192715 196366 196366 196366 0 1 Scholarships 1291 14723212 Staff Tuition Benefits 66 701760 Residence Assistanceships 19 190054 Research Tuition Waivers 5 4000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Management of the University has controls in place to monitor the use of all grant funds. Each department is responsible for reviewing all amounts charged to grant account numbers in the general ledger. The Development and Financial Aid departments review overall use of scholarship and other grant funds to ensure that the recipients are eligible to receive the funds. Management reviews each department's reports of grant spending on a regular basis, and the Business Affairs Committee and Board of Directors receive quarterly financial reporting packages for review as well. X 1 0 X X X 0 0 0 0 0 0 0 0 0 Michael Vinciguerra 214585 0 0 0 0 0 9066 0 11162 0 234813 0 0 0 Frank Pascoe 135238 0 0 0 0 0 8477 0 13190 0 156905 0 0 0 William Biebuyck 131020 0 0 0 13999 0 4444 0 11162 0 160625 0 0 0 Part I, Line 1a William Biebuyck, VP for Institutional Advancement, received a housing allowance valued at $13,999 included in his 2010 Form W-2. The County of Will Illinois 366006672 968680AB4 2005-04-07 17000000 See Sch. K, Part V 0 0 0 The County of Will Illinois 366006672 968680AC2 2007-12-07 14000000 See Sch. K, Part V 0 0 0 17000000 195380 41823 15962797 800000 2006 1 0 1 1 14000000 223127 5743 13771130 2008 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 0 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 0 0 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 0 0 Schedule K, Part I, Line A, Column (f): Purpose of Bond - The proceeds of the issue were used to (i) fund the purchase of the un-owned portion of the Motherhouse from the Congregation of the Third Order of St. Francis of Mary Immaculate of Joliet; (ii) redeem the outstanding $800,000 balance of the Unsecured Illinois Education Facilities Authority Variable Rate Demand Revenue Bonds issued in 1998; (iii) pay a portion of the interest accruing on the bonds; (iv) fund renovations to Marian Hall Dormitory and a portion of the Motherhouse; (v) create and improve parking lots around the campus; and (vi) fund costs associated with the issuance of the bonds. Schedule K, Part I, Line B, Column (f): Purpose of Bond - The proceeds of the issue were used to (i) fund the renovation (Phase II) of the Motherhouse which includes student housing, food service, and chapel; (ii) fund campus beautification (land improvements) including fountain, paved walkways, outdoor seating, statuary; (iii) fund land acquisition for future campus expansion; (iv) create and improve parking lots; (v) refinance existing debt: two notes payable, each secured by a house; unsecured variable interest rate term loan; unsecured construction loan; (vi) fund safety / crisis management and other communication and security equipment, and (vi) fund costs associated with the issuance of the bonds. Brent Wagner Son-in-Law of John Manner, Trustee 41357 Brent Wagner is a broker with Brown & Brown Insurance, an insurance company the University uses. He received a broker service fee. 0 X 3 127563 FMV X Medical Equip & Medication 1 127650 COST 0 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): is the number of contributions Form 990, Part VI, Section B, line 11 The Form 990 has been reviewed in detail by the Chief Financial Officer and the President of the University; in addition, the Form 990 has been made available to the governing body before filing. Form 990, Part VI, Section B, line 12c The organization follows a bid process to ensure that any exchange of services or funds by the organization with parties where a conflict of interest is present is done so that it is made under arm's length transaction to ensure all parties are treated on an equal footing. Any hint of impropriety is immediately brought to the attention of the President, a member of the Board of Trustees, or one of its many sub-committees. Form 990, Part VI, Section B, line 15 The Compensation Committee determines on behalf of the Board of Trustees the appropriateness of compensation packages for highly compensated individuals at the University of St. Francis and to report officially its approval of such. In determining the appropriateness the Committee shall: set the thresholds and other conditions that define highly compensated employees at the University of St. Francis; select comparable data to be used in evaluating recommended compensation packages; determine conditions when packages that do not reflect those for comparable positions at peer institutions shall be approved; and, shall approve any separation compensation agreement between a highly compensated individual and the University. The Executive Committee of the Board shall serve as the Compensation Committee. 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 losses on investments: -1,809,079. Congreg of the Thrd Order of St Francis of Mary Immac of Joliet 36-27649001433 Essington Road Joliet IL 60435 Church IL 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0