2012-05-15T15:08:22-05:00 2011-06-30 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2010-07-01 381367080 AQUINAS COLLEGE AQUI 6166328900 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 STEPHEN J WONCH 6166322885 2012-05-14 1 VICKI L VANDENBERG CPA 2695674500 2010 2016-02-24 21:20:13Z STEPHEN J WONCH 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 62996631 0 X WWW.AQUINAS.EDU X 1892 MI EDUCATION 27 27 1230 0 145575 -68768 8875138 6870489 45491321 47674804 565241 1634680 462738 357588 55394438 56537561 19171982 20980720 0 0 18000981 19108931 0 0 1471604 14665997 15068768 51838960 55158419 3555478 1379142 71659621 76576573 27132780 26972793 44526841 49603780 X AQUINAS COLLEGE, AN INCLUSIVE EDUCATIONAL COMMUNITY ROOTED IN THE CATHOLIC DOMINICAN TRADITION, PROVIDES A LIBERAL ARTS EDUCATION WITH A GLOBAL PERSPECTIVE, EMPHASIZES CAREER PREPARATION FOCUSED ON LEADERSHIP AND SERVICE TO OTHERS, AND FOSTERS A COMMITMENT TO LIFELONG LEARNING DEDICATED TO THE PURSUIT OF TRUTH AND THE COMMON GOOD. 0 0 41570137 20972720 47674804 AQUINAS COLLEGE SERVES APPROXIMATELY 1,900 UNDERGRADUATE AND 200 GRADUATE STUDENTS. AQUINAS STRIVES TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITHIN A CATHOLIC CHRISTIAN CONTEXT. 41570137 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 1 0 0 1 2823 0 1 1230 1 1 1 1 CS EI 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 X STEPHEN J WONCH VP 6166322885 1607 ROBINSON ROAD SE GRAND RAPIDS MI 495061741 LGEN RET JOHN NOWAK 0.60 X X 0 0 0 DR DONALD BURNS 0.60 X X 0 0 0 SR NATHALIE MEYER OP 0.60 X X 0 0 0 MICHAEL A LOWN 0.60 X X 0 0 0 GREGORY ALKSNIS 0.60 X 0 0 0 DEBRA BAILEY 0.60 X 0 0 0 BGEN RET JAMES BRUNSON 0.60 X 0 0 0 EDWARD B CARLSON 0.60 X 0 0 0 THOMAS W CZERNEY 0.60 X 0 0 0 SR BARBARA DANNHAUSEN OP 0.60 X 0 0 0 MSGR WILLIAM DUNCAN 0.60 X 0 0 0 RICHARD DURELL 0.60 X 0 0 0 DENNIS ECHELBARGER 0.60 X 0 0 0 SR MAUREEN GEARY OP 0.60 X 0 0 0 KATHRYN HYER 0.60 X 0 0 0 PATRICK MILES JR 0.60 X 0 0 0 SR MARY KAY OOSDYKE OP 0.60 X 0 0 0 KAREN PALMORE 0.60 X 0 0 0 JOSEPH PARINI 0.60 X 0 0 0 RICHARD PEDDICORD 0.60 X 0 0 0 REV MARK PRZYBYSZ 0.60 X 0 0 0 MICHAEL P SMITH 0.60 X 0 0 0 MICHAEL VANGESSEL 0.60 X 0 0 0 MATT WEY 0.60 X 0 0 0 DCN DENNIS WILLIAMS 0.60 X 0 0 0 ROBERT C WOODHOUSE JR 0.60 X 0 0 0 MICHAEL ZAGAROLI 0.60 X 0 0 0 ELLEN SATTERLEE 0.60 X 0 0 0 CARRETTA COOKE 0.60 X 0 0 0 MARILYN DRAKE 0.60 X 0 0 0 WILLIAM MURPHY 0.60 X 0 0 0 LUIS TOMATIS 0.60 X 0 0 0 MICHAEL KELLER 40.00 X 93893 0 5864 CHARLES GUNNOE JR 40.00 X 99350 0 18049 GREGORY MCALEENAN 40.00 X 100481 0 18323 PAULA MEEHAN 40.00 X 86769 0 15774 STEPHEN WONCH 40.00 X 93510 0 18570 C EDWARD BALOG 40.00 X 172988 0 8103 GREG MEYER 40.00 X 102650 0 16510 749641 0 101193 3 0 1 0 ROCKFORD CONSTRUCTION 5540 GLENWOOD HILLS PARKWAY SE GRAND RAPIDS MI 49512 CONSTRUCTION 3610658 CREATIVE DINING SERVICES ONE ROYAL PART DRIVE STE 3 ZEELAND MI 49464 FOOD SERVICE PROVIDER 1766358 RUFFALO CODY & ASSOCIATES 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 RECRUITING 1739723 GRAND RAPIDS DOMINICANS 2025 FULTON STREET EAST GRAND RAPIDS MI 49503 LEASED EMPLOYEES 347406 D&D PRINTING 342 MARKET AVE SW 1 GRAND RAPIDS MI 49503 PRINTING 337331 9 313845 12000 3716640 2828004 187838 6870489 TUITION AND FEES 611310 41775144 41775144 AUXILIARY SERVICES 611710 5899660 5899660 47674804 1146697 1146697 86867 86867 86867 86867 6805459 6317476 487983 487983 487983 40575 313845 141594 -101019 -101019 OTHER REVENUE 900099 371740 58708 313032 371740 56537561 47674804 145575 1846693 8000 8000 20955220 20955220 17500 17500 807612 230748 454223 122641 14188099 10730665 2800378 657056 707001 471067 201589 34345 2387836 1590990 680849 115997 1018383 743752 218759 55872 27299 27299 44250 44250 21035 21035 504302 351203 97436 55663 125893 125893 877132 672358 157386 47388 563235 2290 545251 15694 3202739 251063 2946777 4899 861877 690088 65133 106656 7571 7571 1002859 1002859 1900892 1900892 205176 45512 159664 BOARD PLAN 1314344 1314344 TUITION REMISSION 988491 988491 SUPPLIES 859278 580484 129759 149035 ATHLETICS 610520 610520 STUDENT ORGS 582047 582047 1369828 726224 537246 106358 55158419 41570137 12116678 1471604 201135 0 6300122 4499934 595050 1283604 66217 96150 71579468 31612784 37299566 39966684 25311390 23930278 6258120 1886141 541803 71659621 76576573 3506121 4499289 275998 17210000 16715000 1800553 2666500 4616106 2816006 27132780 26972793 X 13920349 18608115 14348748 13623287 16257744 17372378 44526841 49603780 71659621 76576573 X 1379142 3697797 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27422159 611810 4995455 495807 230110 152503 32151004 23399135 1919409 2468940 153654 57421 154250 27422159 26978214 384165 -3586844 178078 47294 151028 23399135 0.08000 0.54000 0.38000 0 0 1190077 1190077 41583392 17233791 24349601 16935104 4960948 11974156 8768653 7212463 1556190 3102242 2205582 896660 39966684 EQUITY SECURITIES 6258120 F 6258120 ACCRUED INTEREST 69683 OBILIGATIONS UNDER SPLIT INTEREST AGREEMENTS 586000 STUDENT AND OTHER DEPOSITS 164105 REFUNDABLE PERKINS LOAN ADVANCES 92740 FUNDS HELD IN TRUST FOR OTHERS 117118 DERIVATIVE LIABILITY 1573617 OTHER 212743 2816006 56537561 55158419 1379142 3504899 192898 3697797 5076939 40308072 3504899 334492 3839391 36468681 20068880 20068880 56537561 34988216 802517 802517 34185699 20972720 20972720 55158419 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE COLLEGE HAS BEEN RECOGNIZED AS AN ORGANIZATION IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND SECTION 509(A) AS A PUBLIC CHARITY EXEMPT FROM INCOME TAXES UNDER IRS SECTION 501(A). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN CASH VALUE OF LIFE INSURANCE 15,965. CHANGE IN INTEREST RATE SWAP 335,050. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -158,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 141,594. CASH VALUE OF LIFE INSURANCE 15,965. CHANGE IN VALUE OF SWAP INTEREST AGREEMENT -158,117. CHANGE IN INTEREST RATE SWAP 335,050. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSOLIDATED ORGANIZATION REVENUES -903,840. TUITION DISCOUNT 20,972,720. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 141,594. CONSOLIDATED ORGANIZATION EXPENSES 660,923. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT 20,972,720. 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 MISSION, PROCLAMATION ON DIVERSITY PUBLISHED IN THE CATALOG EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 AQUINAS COLLEGE PROVIDES STUDENT WITH APPLICABLE FEDERAL TITLE IV STUDENT ASSISTANCE PROGRAMS AND THAT OF MICHIGAN GRANTS AND SCHOLARSHIPS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAMS. 319633 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAM 29911 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT STUDY ABROAD PROGRAM AND SERVICE LEARNING 102624 0 0 0 0 0 0 452168 0 452168 SCHOLARSHIP SCHOLARSHIPS 2 17500 0 0 0 0 0 0 OTHER INFORMATION SCHEDULE F, PART V ALL ACTIVITY INCLUDING CORRESPONDANCE IS MAINTAINED AND SUMMARIZED. EMERITUS EVENING 125250 114770 10480 18581 15836 PETER M. WEGE AQUI. PROAM GOLF OUT. 107470 89415 18055 27860 3643 17793 4 121700 109660 12040 35793 22088 354420 313845 40575 27860 58017 55717 141594 -101019 1 CONDUCTIVE EDUCATION AND REHABILITATION 1607 ROBINSON ROAD SE GRAND RAPIDS MI 49506 383601587 501(C)(3) 8000 TO PROVIDE FUNDING FOR MISSION OF CONDUCTIVE EDUCATION AND REHABILITATION CENTER. SCHOLARSHIPS 2064 20955220 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS RECEIVE SCHOLARSHIPS AS CREDITS AGAINST TUITION. THESE SCHOLARSHIPS CAN BE BASED ON NEED AND/OR ON ACADEMIC PERFORMANCE. X X 1 1 X 0 0 0 0 0 0 0 0 0 C EDWARD BALOG 172988 0 0 0 0 0 8103 0 0 0 181091 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE FOR ED BALOG. CLASSIFIED AS TAXABLE COMPENSATION. THE COLLEGE PAYS FOR THE BUSINESS RELATED PORTION OF MEMBERSHIP EXPENSES AT KENT COUNTRY CLUB FOR THE PRESIDENT. THIS IS NOT TREATED AS TAXABLE COMPENSATION. MI HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519N30 2008-02-05 16325000 DEBT REFINANCING AND CAPITAL IMPROVEMENTS/ADDITIONS 0 0 0 16412871 10213342 188051 6011477 2010 1 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 ANDREW BALOG SON OF PRESIDENT OF COLLEGE 9360 TUITION REMISSION MADELINE BALOG DAUGHTER OF PRESIDENT OF COLLEGE 5938 TUITION REMISSION ROCKFORD CONSTRUCTION JOHN WHEELER, FORMER AQUINAS TRUSTEE AND FOUNDER OF ROCKFORD CONSTRUCTION. 3610658 INDEPENDENT CONTRACTOR AGREEMENT. CONTRACT WAS WAS COMPETITIVELY BID. 0 GRAND RAPIDS DOMINICAN SISTERS SR.'S MEYER AND GEARY ARE AQUINAS TRUSTEES AND MEMBERS OF THE ORGANIZATION 347406 SR. NATHALIE MEYER AND SR. MAUREEN GEARY ARE LEASED EMPLOYEES BY AQUINAS COLLEGE. 0 X 13 14120 FAIR MARKET VALUE X 12179 FAIR MARKET VALUE X 3969 FAIR MARKET VALUE X 13 49225 FAIR MARKET VALUE X GIFT CERTIFICATES 22 3880 FAIR MARKET VALUE X OTHER DISCOUNTED SERVICES 7 12144 FAIR MARKET VALUE X OTHER FURNITURE & EQUIPMENT 9 92321 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE BUSINESS OFFICE STAFF, INCLUDING THE ASSISTANT CONTROLLER AND CONTROLLER. THE REVIEW PROCESS STARTS WITH THE ACCOUNTING FIRM WHO PERFORMED THE YEAR END AUDIT, THEN SUBSEQUENTLY REVIEWED BY THE VP FOR FINANCE AND, FROM THE BOARD OF TRUSTEES, THE TREASURER. THE TREASURER MAKES THE 990 AVAILABLE FOR REVIEW TO MEMBERS OF THE BUSINESS AND FINANCE COMMITTEE OF THE BOARD. THIS COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCES OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 12 THE ASSISTANT TO THE PRESIDENT ANNUALLY DELIVERS AND COLLECTS THE CONFLICT OF INTEREST STATEMENTS FROM ALL ACTIVE BOARD OF TRUSTEE MEMBERS WHICH ARE THEN MADE AVAILABLE FOR REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE FULL BOARD OF TRUSTEES ANNUALLY REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE PRESIDENT BASED ON NUMEROUS FACTORS INCLUDING PERFORMANCE AND COMPARABILITY DATA. THROUGH THE ANNUAL REVIEW AND APPROVAL PROCESS OF THE BUDGET, THE BUSINESS AND FINANCE COMMITTEE OF THE BOARD APPROVES STAFF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS OPEN TO PUBLIC INSPECTION ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,504,899. INCREASE IN CASH VALUE OF LIFE INSURANCE 15,965. CHANGE IN INTEREST RATE SWAP 335,050. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -158,117. TOTAL TO FORM 990, PART XI, LINE 5: 3,697,797. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR. CONDUCTIVE EDUCATION AND REHABILITATION CENTER 1607 ROBINSON RD SE GRAND RAPIDS MI 49506 383601587 PROVIDE EDUCATION, TRAINING AND DEVELOPMENT FOR PEOPLE WITH MOTOR DISORDERS MI 501(C)(3) LINE 2 AQUINAS COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CONDUCTIVE EDUCATION AND REHABILITATION CENTER OF MICHIGAN P 379067