2012-05-10T12:50:32-05:00 2011-06-30 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2010-07-01 540573801 MARYMOUNT UNIVERSITY MARY 7032841480 2807 NORTH GLEBE ROAD ARLINGTON VA 222074299 DR RALPH KIDDER 7032841480 2012-05-10 1 MARK WOOLWINE 5403450936 2010 2016-02-24 21:20:13Z DR RALPH KIDDER 2807 NORTH GLEBE ROAD ARLINGTON VA 222074299 84582166 0 X WWW.MARYMOUNT.EDU X 1950 VA FOUNDED IN 1950, MARYMOUNT UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE CATHOLIC UNIVERSITY OFFERING A FULL RANGE OF GRADUATE AND UNDERGRADUATE COURSES AND DEGREE PROGRAMS FOR STUDENTS OF ALL AGES THROUGH ITS MAIN CAMPUS, ITS BALLSTON CAMPUS, THE RESTON CENTER, AND THROUGH OUTREACH ACTIVITIES IN VIRGINIA. 30 29 1672 0 614336 135536 1768169 1734148 74167844 80849900 -273693 1071678 463953 550406 76126273 84206132 13275693 14134336 0 0 38430661 40898102 19546 0 1146213 20253828 24306088 71979728 79338526 4146545 4867606 155802757 154181089 80479595 70258242 75323162 83922847 X MARYMOUNT UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY THAT EMPHASIZES ACADEMIC EXCELLENCE AT THE UNDERGRADUATE AND GRADUATE LEVELS. COMMITTED TO THE LIBERAL ARTS TRADITION, THE UNIVERSITY COMBINES A FOUNDATION IN THE ARTS AND SCIENCES WITH CAREER PREPARATION AND OPPORTUNITIES FOR PERSONAL AND PROFESSIONAL DEVELOPMENT. MARYMOUNT IS A STUDENT-CENTERED LEARNING COMMUNITY THAT VALUES DIVERSITY AND FOCUSES ON THE EDUCATION OF THE WHOLE PERSON, PROMOTING THE INTELLECTUAL, SPIRITUAL, AND MORAL GROWTH OF EACH INDIVIDUAL. SCHOLARSHIP, LEADERSHIP, SERVICE, AND ETHICS ARE HALLMARKS OF A MARYMOUNT EDUCATION. 0 0 40365720 68924466 INSTRUCTIONAL - THE UNIVERSITY OFFERS A WIDE RANGE OF GRADUATE AND UNDERGRADUATE DEGREE PROGRAMS TO APPROXIMATELY 4,145 STUDENTS. EXPENSES INCLUDE SALARIES AND BENEFITS FOR 144 FULL-TIME FACULTY. 14134336 14134336 SCHOLARSHIP ALLOWANCES - PROVIDE OPPORTUNITIES FOR THOSE WHO WOULD NOT BE ABLE TO COMPLETE THEIR COLLEGE EDUCATION WITHOUT FINANCIAL ASSISTANCE. 3377937 11815732 AUXILIARY SERVICES - PROVIDES HOUSING, FOOD AND HEALTH SERVICES TO APPROXIMATELY 1,761 RESIDENTIAL STUDENTS. 57877993 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1672 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ASSISTANT VICE PRESIDENT & CONT 7032841492 2807 N GLEBE ROAD ARLINGTON VA 222074299 DR JAMES E BUNDSCHUH 40.00 X X 335902 0 34138 BARRY FITZPATRICK X 0 0 0 MARLENE MALEK X 0 0 0 ROSE ANN BENTE LEE X 0 0 0 STEPHEN E ALLIS X 0 0 0 KAZUKO BACH X 0 0 0 NICHOLAS CAROSI III X 0 0 0 SR MARTINA CROWLEY RSHM X 0 0 0 MARIA COAKLEY DAVID X 0 0 0 MICHAEL HEGARTY X 0 0 0 THOMAS J DONOHUE X 0 0 0 BRIGID DRISCOLL RSHM X 0 0 0 ROBERT FITCH X 0 0 0 ROBERT NIRSCHL MD MS X 0 0 0 YONG KIM X 0 0 0 KATHLEEN CONNELL RSHM X 0 0 0 STEPHEN J MCKENNA X 0 0 0 OLZA M NICELY X 0 0 0 JUSTINE D'ANDREA POPE X 0 0 0 LOLA C REINSCH X 0 0 0 ROBERT J SMITH X 0 0 0 CARMELITA H TREACY X 0 0 0 ROBERT W TRULAND X 0 0 0 STEPHEN G YEONAS JR X 0 0 0 CATHERINE KEATING X 0 0 0 JOSEPH MAURELLI X 0 0 0 MARGARET ELLEN FLANNELLY RSHM X 0 0 0 WILLIAM HOOVER X 0 0 0 VIRGINIA LAYTHAM X 0 0 0 MICHAELINE O'DWYER RSH X 0 0 0 DR RALPH KIDDER 40.00 X 200785 0 23071 DR CHRIS DOMES 40.00 X 168795 0 16044 DR SHERRY HUGHES 40.00 X 147352 0 20897 MS EMILY MAHONY 40.00 X 140067 0 12738 MRS SHELLY DUTTON 40.00 X 129776 0 17839 LIANE SUMMERFIELD 40.00 X 113570 0 11369 ROBERT OTTEN 40.00 X 108678 0 23419 WAYNE LESKO 40.00 X 138735 0 13132 JAMES RYERSON 40.00 X 124473 0 15332 TESS CAPPELLO 40.00 X 144722 0 10985 1752855 0 198964 29 0 1 0 JAMES G CONSTRUCTION CORPORATION 12530 PARKLAWN DRIVE ROCKVILLE MD 20852 CONSTRUCTION COMPANY 18488414 SODEXHO INC AFFILIATES PO BOX 536922 ATLANTA GA 30536 FOOD SERVICES 3318279 BENEFITS DESIGN GROUP 600 WASHINGTON AVENUE TOWSON MD 21204 HEALTH INSURANCE 2569868 ARAMARK FACILITY SERVICES 24818 NETWORK PLACE CHICAGO IL 60673 FACILITY SERVICES 937187 ALANTIC EQUIPMENT SPECIALIST INC 3 ENTERPRISE ROAD PO BOX 348 DANVILLE PA 17821 MILLWORK & EQUIPMENT CONTRACTOR 772425 21 1734148 1734148 TUITION 611710 68924466 68924466 AUXILIARY SERVICES 532000 10422686 10359026 17888 45772 FEES 611710 1502748 1456706 46042 80849900 695644 695644 752068 376034 376034 376034 376034 SUMMER CAMPS 721000 419545 419545 BOOKSTORE 451211 130861 130861 550406 84206132 80740198 614336 1117450 14134336 14134336 1157263 323651 692467 141145 32703738 26324167 5863159 516412 1929630 1448026 444725 36879 1864237 1213053 587404 63780 3243234 2635044 557327 50863 1633650 664916 922687 46047 154497 43378 111119 92819 92819 559667 136211 423456 2865550 2102653 651326 111571 1199055 914859 263969 20227 41757 41757 4902093 1775450 3126292 351 1031138 902199 114849 14090 227529 187908 36204 3417 938932 938932 3456564 3456564 706367 269743 436624 AUXILIARY SERVICES 3377937 3083857 208904 85176 OTHER EXPENSES 1923596 962155 913716 47725 MEMBERSHIP DUES 694645 506203 181161 7281 REPAIRS & MAINTENANCE 409941 135604 274337 BOOKS & SUBSCRIPTIONS 90351 72823 16279 1249 79338526 57877993 20314320 1146213 31880068 23286170 1764275 595313 3542243 3528614 1130433 1188547 715912 852368 150414900 51450176 84440977 98964724 21684756 25163811 10011959 632134 601542 155802757 154181089 13997552 5335923 3526328 3930014 60239955 58364382 731712 838174 1984048 1789749 80479595 70258242 X 48991753 54879025 18511521 20333674 7819888 8710148 75323162 83922847 155802757 154181089 X 4867606 3732079 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19549677 403923 3621067 491638 23083029 17893581 331519 1732149 408791 -1519 19549677 22149222 430125 -4009883 528483 147700 17893281 0.20950 0.37730 0.41320 1 0 7408448 7408448 102127736 20258088 81869648 23114065 18876239 4237826 17764651 12315849 5448802 98964724 CASH AND CASH EQUIVALENTS 455637 F FIXED INCOME SECURITIES 1160025 F CORPORATE OBLIGATIONS 6256606 F EQUITY SECURITIES 4990082 F MUTUAL FUNDS 5469041 F FUNDS HELD IN TRUST BY OTHERS 6500000 F ALTERNATIVE INVESTMENTS 332420 F 25163811 INTEREST RATE SWAP AGREEMENT LIABILITY 1789749 1789749 84206132 79338526 4867606 2889584 842495 3732079 8599685 70648523 2889584 -2961053 -71469 70719992 13486140 13486140 84206132 65204190 0 65204190 14134336 14134336 79338526 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVIERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FEDERAL FORM 990S FOR THE UNIVERSITY FOR THE FISCAL YEARS 2010, 2009, AND 2008 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 194,299. ADDITIONAL RESEARCH GRANTS, FELLOWSHIPS & STIPENDS FOR GRADUATE STUDENTS 648,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT RETURN, NET OF AMOUNT AVAILABLE TO SUPPORT CURRENT OPERATIONS -3,155,352. CHANGE IN VALUE OF INTEREST RATE SWAP 194,299. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 13,486,140. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 13,486,140. ADDITIONAL RESEARCH GRANTS, FELLOWSHIPS & STIPENDS FOR GRADUATE STUDENTS 648,196. 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 PUBLISHED THROUGH NEWSPAPER ADVERTISEMENTS AND UNIVERSITY PUBLICATIONS, CATALOGS, ETC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 LISTING OF ALL FINANCIAL AID OR ASSISTANCE RECEIVED FROM GROVERNMENTAL AGENCIES, NOT JUST TITLE IV FROM THE DEPARTMENT OF EDUCATION. FEDERAL GRANTS: FWS - $231,320; PELL - $2,571,063; FSE OPPORTUNITY GRANT - $158,682; ACADEMIC COMPETITIVENESS GRANT (ACG) - $111,025; PERKINS - $136,018; FFELP- $31,521,864; NURSE FACULTY LOAN PROGARM - $64,605; NURSE FACULTY LOAN,ARRA - $20,526 TOTAL FEDERAL GRANTS - $34,815,103 STATE GRANTS: DISTRICT OF COLUMBIA - $128,244; DISTRICT OF COLUMBIA-CAP PROGRAM - $26,910; PENNSYLVANIA TUITION - $3,738; RHODE ISLAND - $1,800; VERMONT - $2,375; VIRGINIA TEACHING SCHOLARSHIP - $14,880; VIRGINIA CSAP GRANT - $46,153; VIRGINIA TAG GRANT - $2,059,224 TOTAL STATE GRANTS - $2,283,324 TOTAL FEDERAL AND STATE GRANTS = $37,098,427 X X X X X X X 1 HARRIS CONNECT INC 1511 ROUTE 22 STE C-25 BREWSTER NY 10509 MAIL / PHONE FUNDERAISER 0 0 62039 0 HOUSE OF PRINTING INC 15401 OLD COLUMBIA PIKE BURTONSVILLE MD 20866 MAILING HOUSE 0 0 17645 0 ASAP MAILING & FULFILLMENT CENTER INC 4600 EISENHOWE AVE ALEXANDRIA VA 22304 MAILING HOUSE 0 0 9327 0 89011 VA WV NJ PA NY CT FL DE AL CA DC GA IL TX AZ MA MD NC OH SC 1 STUDENT AID PROVIDED BY VARIOUS SCHOLARSHIPS AND OTHERTUITION SUPPORT 1568 12883007 GRANTS AND OTHER ASSISTANCE PROVIDED TO STUDENTS 216 1251329 X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR JAMES E BUNDSCHUH 260902 0 75000 0 0 0 22886 0 11252 0 370040 0 0 0 DR RALPH KIDDER 180351 0 20434 0 0 0 16284 0 6787 0 223856 0 0 0 DR CHRIS DOMES 150659 0 18136 0 0 0 13882 0 2162 0 184839 0 0 0 DR SHERRY HUGHES 146053 0 1299 0 0 0 14453 0 6444 0 168249 0 0 0 MS EMILY MAHONY 138768 0 1299 0 0 0 11732 0 1006 0 152805 0 0 0 WAYNE LESKO 138735 0 0 0 0 0 11089 0 2043 0 151867 0 0 0 TESS CAPPELLO 144722 0 0 0 0 0 9542 0 1443 0 155707 0 0 0 PART I, LINE 1A DR. JAMES E. BUNDSCHUH, PRESIDENT, RECEIVES THE USE OF A UNIVERSITY-OWNED PRIVATE DWELLING PRUSUANT TO THE TERMS OF HIS EMPLOYMENT CONTRACT. BRANCH BANKING & TRUST COMPANY 540294670 NONEAVAIL 2009-03-03 40000000 CONSTRUCTION OF ACADEMIC FACILITY 0 0 0 40000000 219129 39780871 0 0 1 1 0 0 0 0 1 NICHOLAS CAROSI III TRUSTEE OWNER OF ARBAN & CAROSI, INC. AWARDED THE ARCHITECTURAL PRECAST FOR THE 26TH STREET CONSTRUCTION PROJECT IN A COMPETIVE BID PROCESS BY VENDOR, DAVIS CONSTRUCTION, THE GENERAL CONTRACTOR. 0 MRS MARIA COAKLEY DAVID TRUSTEE ASSOCIATED WITH C.J. COAKEY COMPANY COMPANY AWARDED CONTRACT AS A SUB CONTRACTOR. 0 FORM 990, PART VI, SECTION B, LINE 11 THE VICE PRESIDENT FOR FINANCIAL AFFAIRS AND TREASURER OF THE UNIVERSITY PRESENTS A DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE REVIEWS THE DRAFT OF THE FORM 990 AS PRESENTED OR AS AMENDED. THE 990 (REVISED IF NECESSARY) IS PRESENTED BY THE AUDIT COMMITTEE TO THE FULL BOARD OF TRUSTEES AT A REGULARLY SCHEDULED BOARD MEETING. THE BOARD VOTES ON THE RECOMMENDATION OF THE AUDIT COMMITTEE TO ACCEPT THE FORM 990. THE FORM 990 IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OBTAINS AN ANNUAL STATEMENT FROM KEY MANAGEMENT AND EMPLOYEES IN SENSITIVE POSITIONS CERTIFYING THEIR COMPLIANCE WITH THE POLICY. THIS IS REVIEWED BY TOP-LEVEL MANAGEMENT AND THE BOARD OF TRUSTEES. THE STATEMENT IS COMPLETED BY EACH MANAGER OF THE UNIVERSITY AT THE LEVEL OF DEAN/DIRECTOR, OR ABOVE: THE STATEMENT READS: I, (NAME), HEREBY CERTIFY THAT I DO NOT HAVE ANY BUSINESS INTEREST IN ANY OF THE FIRMS/VENDORS THAT HAVE DONE BUSINESS WITH MARYMOUNT UNIVERSITY THIS PAST YEAR. I HAVE REMAINED IN FULL COMPLIANCE WITH THE ETHICS AND PROFESSIONAL CONDUCT PORTION OF THE MARYMOUNT UNIVERSITY PURCHASING MANUAL. ALL OF THE PURCHASES I HAVE AUTHORIZED HAVE BEEN MADE FOR THE SOLE PURPOSE OF PROVIDING NEEDED GOODS AND/OR SERVICES FOR MARYMOUNT UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT PRESENTS HIS COMPENSATION RECOMMENDATIONS TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. HIS RECOMMENDATIONS COVER ALL ADMINISTRATIVE OFFICERS (VICE PRESIDENTS) OF THE UNIVERSITY. THERE IS LIMITED USE OF COMPARABLE COMPENSATION DATA. THE LAST SUCH REVIEW WAS CONDUCTED IN THE SUMMER OF 2010. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST EITHER AS WRITTEN DOCUMENTS OR BY INSPECTION AT THE BUSINESS OFFICE OF THE UNIVERSITY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,889,584. CHANGE IN VALUE OF INTEREST RATE SWAP 194,299. ADDITIONAL RESEARCH GRANTS, FELLOWSHIPS & STIPENDS FOR GRADUATE STUDENTS 648,196. TOTAL TO FORM 990, PART XI, LINE 5: 3,732,079. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.