2012-03-12T09:00:02-05:00 2011-06-30 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2010-07-01 350868152 SAINT JOSEPH'S COLLEGE SAIN 2198666000 US 231 South PO Box 889 Rensselaer IN 47978 SCOTT J MAIENBROOK 2012-03-07 true 5742323992 2010 2016-02-24 21:20:13Z F DENNIS RIEGELNEGG US 231 South Rensselaer IN 47978 33253111 false X WWW.SAINTJOE.EDU X 1889 IN SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. 35 33 617 70 194274 -135658 55651941 3856962 24297249 24808873 1644632 782266 563720 1438544 82157542 30886645 9584173 10664501 0 0 10829769 11606987 0 0 336393 9956742 10332335 30370684 32603823 51786858 -1717178 100201819 101500626 30789425 30718444 69412394 70782182 X SAINT JOSEPH'S COLLEGE (INDIANA), A PRIMARILY UNDERGRADUATE CATHOLIC COLLEGE, FOUNDED AND SPONSORED BY THE MISSIONARIES OF THE PRECIOUS BLOOD, PLEDGES ITSELF TO A TRADITION OF EXCELLENCE AND TO A LIBERAL EDUCATION THAT IS A UNITED ENDEAVOR OF INTELLIGENCE AND FAITH. (CONTINUED IN SCHEDULE O) false 26585715 10664501 24665934 AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION -- AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 26585715 true true false false false false false false true true false false false true true true false true false false false false false true true false false true true true false false false false false false false false false false true false false false false false false false false false true 1140 0 true 617 true true true false false false false true true false false false false X 35 33 true false false false true false true true true false false false true true true true true true false false IN X SCOTT J MAIENBROOK 2198666470 US 231 SOUTH Rensselaer IN 47978 LESLIE FRERE 40 X 80548 0 4990 WILLIAM STANG CPPS 1 X 0 0 0 TOM O'BRIEN 1 X 0 0 0 TODD ROKITA 1 X 0 0 0 STEPHEN LIGDA 1 X X 0 0 0 STEPHEN G BRINKER 1 X 0 0 0 STEPHEN RUFF 1 X 0 0 0 ROBERT CASSEY 1 X 0 0 0 PATRICK DOWNEY 1 X 0 0 0 PATRICIA MULCAHY 1 X 0 0 0 MICHAEL VAN EEKEREN 1 X 0 0 0 MICHAEL VALLONE 1 X 0 0 0 MICHAEL EVANS 1 X 0 0 0 MARK BEHNKE 1 X 0 0 0 LOU OFFER 1 X 0 0 0 LAWRENCE LAUDICK 1 X 0 0 0 KRIS SAKELARIS 3 X 2000 0 0 JOSEPH FISHER CPPS 1 X 0 0 0 LAUREN VANCE 1 X 0 0 0 JOHN NICHOLS 40 X X 74221 0 29358 JOHN GAUSE 1 X 0 0 0 JOHN FREIBURGER 1 X 0 0 0 JANICE PYRCE 1 X 0 0 0 JAMES BOLER 1 X 0 0 0 JACK WHELAN 1 X 0 0 0 JACK MCCARTHY 1 X 0 0 0 FR MARK PERES CPPS 1 X 0 0 0 DAVID OWENS 1 X 0 0 0 CAROL WOOD 1 X 0 0 0 BENEDICT SPONSELLER 1 X X 0 0 0 ANGELO ANTHONY CPPS 1 X 0 0 0 MAUREEN EGAN 40 X 91842 0 12884 RANDAL FREEBOURN 40 X 97230 0 26369 F DENNIS RIEGELNEGG 40 X 176028 0 35823 BENJAMIN BERINTI CPPS 1 X 0 0 0 LARRY HEMMELGARN CPPS 1 X 0 0 0 DANIEL BLANKENSHIP 40 X 55182 0 11529 MICHAEL SCUDDER 1 X 0 0 0 JOHN WADELL 40 X 71051 0 23676 BISHOP TIMOTHY DOHERTY 1 X 0 0 0 BENJAMIN BASILE CPPS 1 X 0 0 0 BISHOP WILLIAM HIGI 1 X 0 0 0 JORDAN LEISING 1 X 0 0 0 648102 0 144629 1 false true false SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60604 FOOD SERVICE 1679309 1 18300 230333 3608329 37626 3856962 TUITION AND FEES 19491101 19491101 DINING HALL & STUDENT CENTER 2679120 2679120 RESIDENCE HALLS 2638652 2485713 152939 0 0 0 0 24808873 945704 945704 0 0 1787539 770000 1017539 0 1017539 41335 976204 635895 799333 -163438 0 -163438 -163438 154498 18300 58545 95953 95953 22445 3301 19144 19144 803579 735287 68292 68292 FEES, FINES, COMMISSIONS, & REBATES 79070 79070 SERVICE DEPARTMENT 66392 66392 ATHLETICS 8499 8499 83655 0 0 83655 237616 30886645 24655934 194274 2179475 0 10664501 10664501 0 0 815419 601174 197097 17148 0 8000337 5749448 2046084 204805 435284 302717 132567 1845763 1283873 561890 510184 355589 154595 0 16957 16957 117552 117552 0 0 82847 82847 365932 155577 207855 2500 49888 4740 45148 1262581 620645 555051 86885 11947 916 11031 1655 1655 1395461 420035 975426 187334 125940 52773 8621 0 0 652475 652475 0 3395025 3026209 368816 323402 257495 65128 779 SUMMER CAMPS & OTHER STUDENT EXPENSES 1838437 1838437 MEMBERSHIP DUES & SUBSCRIPTIONS 152443 124289 27934 220 ATHLETICS EXPENSES 114260 114260 BAD DEBT EXPENSE 25299 25299 PROFESSIONAL DEVELOPMENT & RECRUITING 22366 20963 1403 316474 261357 52116 3001 32603823 26585715 5681715 336393 0 5973 3245 4171179 7024922 9690320 7818566 302564 265892 1876263 1660622 177869 195064 709623 541514 107578151 36295894 71140391 71282257 9632112 11417017 1155530 871255 0 0 1339995 420272 100201819 101500626 1338468 1517075 309878 1062094 23555000 23255000 239893 215224 5346186 4669051 30789425 30718444 X 8133192 8868772 11203108 10979548 50076094 50933862 69412394 70782182 100201819 101500626 X -1717178 3086966 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 17216867 775617 3398891 307449 203656 73342 20806928 14803005 1510378 1682484 546884 126316 105800 17216867 16448155 300209 -1143176 0 802183 0 14803005 0.30850 0.51670 0.17480 false false 47540473 47540473 43248803 21537678 21711125 1784490 937856 846634 15004385 13820360 1184025 0 71282257 0 FAIR VALUE OF INTEREST RATE SWAP 2173213 ANNUITY CONTRACTS PAYABLE 300819 U.S. GOVERNMENT ADVANCES 1689310 ASSET RETIREMENT OBLIGATIONS 505709 4669051 30886645 32603824 -1717179 2489270 597696 3086966 1369787 24246283 2489270 213382 -10066805 -7364153 31610436 73342 -797133 -723791 30886645 22876495 213382 797133 1010515 21865980 73342 10664501 10737843 32603823 Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE COLLEGE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE COLLEGE HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2011 AND 2010. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2007 AND FOR ALL STATE INCOME TAXES THROUGH 2007. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2011 AND 2010. Other changes in net assets Schedule D, Part XI, Line 8 GAIN ON TRUSTS HELD BY OTHERS - 137054; UNREALIZED GAIN ON INTEREST RATE SWAP - 460642; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d GAIN ON TRUSTS HELD BY OTHERS - 137054; UNREALIZED GAIN ON INTEREST RATE SWAP - 460642; SCHOLARSHIPS AND AID - -10664501; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b COST OF GOODS SOLD - -735287; FUNDRAISING EXPENSES - -58545; GAMING EXPENSES - -3301; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d COST OF GOODS SOLD - 735287; FUNDRAISING EXPENSES - 58545; GAMING EXPENSES - 3301; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS AND AID - 10664501; true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF TITLE IV FUNDS: PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, PERKINS LOAN FUNDS, DIRECT LOANS, ETC. THE ORGANIZATION ALSO RECEIVES FINANCIAL AID FROM THE STATE STUDENT ASSISTANCE COMMISSION OF INDIANA IN GRANTS SUCH AS: HIGHER EDUCATION AWARDS, FREE OF CHOICE, AND 21ST CENTURY. AID HAS NOT BEEN SUSPENDED OR REVOKED. SCHOLARSHIP DINNER 172798 18300 154498 0 0 2472 25067 3800 27206 0 0 172798 18300 154498 0 0 2472 25067 3800 27206 58545 95953 22445 3001 0 0 300 true 0.75 22445 3001 0 0 300 3301 19144 IN true false false false 1 0 SCOTT J MAIENBROOK US 231 SOUTH RENSSELAER IN 47978 false SEE SCHEDULE G PART IV 0 THE COLLEGE DOES NOT HAVE A SEPARATE GAMING MANAGER. THESE RECORDS ARE HANDLED THROUGH THE BUSINESS OFFICE; THE CONTROLLER MANAGES THE SEGREGATED GAMING FUNDS. X false 0 true SCHOLARSHIPS AWARDED 751 10477202 0 N/A N/A EMPLOYEE TUITION WAIVERS 14 187299 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. X X X true true X X X false false false false false false false false false F DENNIS RIEGELNEGG 175077 0 0 0 951 0 10032 0 25791 0 211851 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a DURING THE 2009 YEAR, FATHER WILLIAM STANG, C.PP.S, WAS NOMINATED AND APPROVED FOR A 2 YEAR TERM AS THE FACULTY REPRESENTATIVE ON THE BOARD OF DIRECTORS OF SAINT JOSEPH'S COLLEGE. LIKE SEVERAL OF HIS FELLOW C.PP.S MEMBERS, FR. STANG PARTICIPATES ACTIVELY AS A VOTING MEMBER OF THE BOARD THUS MAKING HIM AN "INTERESTED PERSON" AS IT RELATES TO THE COLLEGE'S 990. WHILE WE ALSO HAVE SEVERAL MEMBERS OF THE C.PP.S LIVING ON CAMPUS, FR. STANG IS THE ONLY C.PP.S MEMBER WHO BOTH LIVES ON CAMPUS AND IS ON THE BOARD. AS PART OF THE COLLEGE'S ARRANGEMENT WITH THE C.PP.S, THE CATHOLIC SOCIETY WHO ORIGINALLY FOUNDED AND CONTINUES TO SPONSOR THE COLLEGE, THE COLLEGE PROVIDES ROOM, BOARD, AND RELATED LIVING EXPENSES, ALONG WITH A SUSTENANCE STIPEND. WHILE THE NON-TAXABLE ROOM AND BOARD IS A CONDITION OF HIS APPOINTMENT TO SAINT JOSEPH'S COLLEGE, THE STIPEND MAY OR MAY NOT BE TAXABLE DEPENDING ON HIS ENTIRE INCOME PICTURE, WHICH THE COLLEGE DOES NOT COMPLETE ON HIS BEHALF. IN ADDITION TO THE C.PP.S, THE COLLEGE ALSO PROVIDES TRANSITIONAL HOUSING FROM TIME TO TIME FOR CERTAIN PRESIDENT CABINET MEMBERS (FORMALLY KNOWN AS AD STAFF), THUS MAKING THEM "INTERESTED PERSONS." THIS HOUSING IS MEANT TO BE TEMPORARY IN NATURE AND PROVIDE FOR A SMOOTHER TRANSITION OF THAT INDIVIDUAL AND THEIR FAMILY TO THE TOWN OF RENSSELAER AND THEREFORE TO THE COLLEGE COMMUNITY. DURING THE 2010 TAX YEAR, WE HAD BOTH JOHN WADELL (ASSISTANT VICE PRESIDENT OF ENROLLMENT MANAGEMENT) AND DANIEL BLANKENSHIP (VICE PRESIDENT OF ACADEMIC AFFAIRS), ALONG WITH THEIR FAMILIES HOUSED ON CAMPUS. Health or social club dues or initiation fees Schedule J, Part I, Line 1a IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. Personal services Schedule J, Part I, Line 1a DURING THE 2009 YEAR, FATHER WILLIAM STANG, C.PP.S, WAS NOMINATED AND APPROVED FOR A 2 YEAR TERM AS THE FACULTY REPRESENTATIVE ON THE BOARD OF DIRECTORS OF SAINT JOSEPH'S COLLEGE. LIKE SEVERAL OF HIS FELLOW C.PP.S MEMBERS, FR. STANG PARTICIPATES ACTIVELY AS A VOTING MEMBER OF THE BOARD THUS MAKING HIM AN "INTERESTED PERSON" AS IT RELATES TO THE COLLEGE'S 990. WHILE WE ALSO HAVE SEVERAL MEMBERS OF THE C.PP.S LIVING ON CAMPUS, FR. STANG IS THE ONLY C.PP.S MEMBER WHO BOTH LIVES ON CAMPUS AND IS ON THE BOARD. AS PART OF THE COLLEGE'S ARRANGEMENT WITH THE C.PP.S, THE CATHOLIC SOCIETY WHO ORIGINALLY FOUNDED AND CONTINUES TO SPONSOR THE COLLEGE, THE COLLEGE PROVIDES ROOM, BOARD, AND RELATED LIVING EXPENSES, ALONG WITH A SUSTENANCE STIPEND. WHILE THE NON-TAXABLE ROOM AND BOARD IS A CONDITION OF HIS APPOINTMENT TO SAINT JOSEPH'S COLLEGE, THE STIPEND MAY OR MAY NOT BE TAXABLE DEPENDING ON HIS ENTIRE INCOME PICTURE, WHICH THE COLLEGE DOES NOT COMPLETE ON HIS BEHALF. IN ADDITION TO THE C.PP.S, THE COLLEGE ALSO PROVIDES TRANSITIONAL HOUSING FROM TIME TO TIME FOR CERTAIN PRESIDENT CABINET MEMBERS (FORMALLY KNOWN AS AD STAFF), THUS MAKING THEM "INTERESTED PERSONS." THIS HOUSING IS MEANT TO BE TEMPORARY IN NATURE AND PROVIDE FOR A SMOOTHER TRANSITION OF THAT INDIVIDUAL AND THEIR FAMILY TO THE TOWN OF RENSSELAER AND THEREFORE TO THE COLLEGE COMMUNITY. DURING THE 2010 TAX YEAR, WE HAD BOTH JOHN WADELL (ASSISTANT VICE PRESIDENT OF ENROLLMENT MANAGEMENT) AND DANIEL BLANKENSHIP (VICE PRESIDENT OF ACADEMIC AFFAIRS), ALONG WITH THEIR FAMILIES HOUSED ON CAMPUS. INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 4550482B3 2004-09-16 16300000 TO REFUND 10/13/1999 BOND ISSUE AND FOR IMPROVEMENTS TO EDUCATIONAL FACILITIES false false false INDIANA FINANCE AUTHORITY 351602316 2010-02-05 8000000 TO REFUND 11/1/2007 BOND ISSUE false false false 0 0 16376154 0 0 0 277727 71070 0 4009643 0 0 2006 true false true true 700000 0 8000950 0 0 0 0 0 0 0 0 0 2010 true false true true false false false false 0.0000 0.0000 0.0000 true false false false false 0.0000 0.0000 0.0000 true false true true SEE PART V 22.0 false false false false true false false false false false true TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 2004 BOND ISSUANCE (COLUMN A): GROSS PROCEEDS - $16,300,000 INVESTMENT EARNINGS ON PROCEEDS - $76,154 2010 BOND ISSUANCE (COLUMN B): GROSS PROCEEDS - $8,000,000 INVESTMENT EARNINGS ON PROCEEDS - $950 NAME OF PROVIDER SCHEDULE K, PART IV, LINE 3A(A) RBS CITIZENS, N.A. DBA CHARTER ONE X 14 37626 MARKET VALUE 0 false true false ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. TO FULFILL THIS MISSION, THE COLLEGE PLEDGES: 1. TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 2. TO CONDUCT THE CORE CURRICULUM AND, THROUGH IT, ALL COLLEGE PROGRAMS WITHIN THE CONCEPTUAL FRAMEWORK AND VALUE COMMITMENTS OF "CHRISTIAN HUMANISM" THAT STEM FROM OUR JUDEO-CHRISTIAN AND GRAECO-ROMAN TRADITIONS AND FROM OUR VATICAN II INSPIRATION. 3. TO GIVE WITNESS IN A SPECIAL WAY, IN ALL ASPECTS OF CAMPUS LIFE, ACADEMICALLY AND EXISTENTIALLY, TO THE CHRISTIAN HUMANIST VALUES OF JUSTICE AND LOVE AND ITS COMMITMENT TO HUMAN SOLIDARITY AND INTERDEPENDENCE ON NATIONAL AND GLOBAL LEVELS. 4. TO ADD TO THE EMPHASIS TO EDUCATE THE WHOLE STUDENT -- INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY -- AN ABIDING CONCERN TO PROVIDE PERSONALIZED AND INDIVIDUALIZED CARE. 5. TO STEWARD ALL THE RESOURCES OF THE COLLEGE IN TRUTH, IN LOVING JUSTICE, AND WITH CONCERN FOR THE NEEDS OF THE INDIVIDUAL. 6. TO EXTEND PERSONAL AND PROFESSIONAL SERVICES AS CHURCH AND PUBLIC NEEDS MAY REQUIRE. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 BISHOP TIMOTHY DOHERTY, FATHER WILLIAM STANG, FATHER BENJAMIN BERINTI, FATHER MARK PERES, FATHER ANGELO ANTHONY, FATHER LARRY HEMMELGARN, BROTHER JOSEPH FISHER, AND BROTHER BENJAMIN BASILE (ALL CURRENT TRUSTEES) - BUSINESS RELATIONSHIP Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE ORGANIZATION'S MEMBERS ARE THOSE PERSONS HOLDING THE OFFICES OF THE PROVINCIAL DIRECTOR AND THOSE SERVING ON THE PROVINCIAL COUNCIL OF THE SOCIETY OF THE PRECIOUS BLOOD (C.PP.S.), CINCINNATI PROVINCE, A ROMAN CATHOLIC SOCIETY OF APOSTOLIC LIFE. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE FOLLOWING POWERS ARE RESERVED TO THE MEMBERS: A. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE ARTICLES OF INCORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; B. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE BYLAWS OF THE CORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; C. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE CORPORATION AND TO DETERMINE THE DISTRIBUTION OF ASSETS UPON SUCH TERMINATION OR DISSOLUTION AS PROPOSED BY THE BOARD OF TRUSTEES; D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE CORPORATION WITH ANOTHER CORPORATION, ORGANIZATION, OR PROGRAM AS PROPOSED BY THE BOARD OF TRUSTEES; E. TO APPROVE THE MISSION STATEMENT OF THE COLLEGE OR ANY CHANGE TO THE MISSION STATEMENT AS PROPOSED BY THE BOARD OF TRUSTEES. THE MEMBERS ALSO HAVE THE RIGHT TO PROHIBIT ANY ORGANIZATION OR POLICY AT THE COLLEGE THAT ARE INCONSISTENT WITH THE CATHOLIC IDENTITY OF THE COLLEGE. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE FOR THEIR REVIEW. THEN A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS PRESENTED BY OUR TAX ADVISORS TO EACH MEMBER OF THE GOVERNING BODY AT A BOARD MEETING PRIOR TO ITS FILING WITH THE IRS. SCHEDULE B IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON THEIR REQUEST. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE ORGANIZATION HIRED A NEW PRESIDENT ON JULY 1, 2009. IN ORDER TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION, THE NEW PRESIDENT'S COMPENSATION WAS COMPARED TO A 31-SCHOOL COMPARISON GROUP AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN OCTOBER 2010; HIS SALARY WAS ADJUSTED RETROACTIVELY TO JULY 1, 2009 AT THIS TIME. THIS PROCESS WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. THIS PROCESS WAS REPEATED DURING THE OCTOBER 2011 BOARD MEETING, WITH CHANGES TO TAKE EFFECT IN SEPTEMBER OF 2011. Public Disclosure Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, SECTION B, LINE 15B THE ORGANIZATION'S ADMINISTRATIVE STAFF, WHICH INCLUDES THE PRESIDENT, VP OF ACADEMIC AFFAIRS, VP OF BUSINESS AFFAIRS, VP OF INSTITUTIONAL ADVANCEMENT, AND DEAN OF STUDENTS, USES A 31-SCHOOL COMPARISON GROUP TO REVIEW AND APPROVE THE COMPENSATION FOR ALL OTHER COLLEGE EMPLOYEES, INCLUDING OTHER OFFICERS. DURING OCTOBER 2010, THE BOARD OF DIRECTORS APPROVED A 2% WAGE INCREASE FOR ALL EMPLOYEES AS PART OF THE ANNUAL OPERATING BUDGET. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 2489270; GAIN ON TRUSTS HELD BY OTHERS - 137054; UNREALIZED GAIN ON INTEREST RATE SWAP - 460642;