2011-02-11T10:13:49-06:00 2010-06-30 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2009-07-01 540573801 MARYMOUNT UNIVERSITY MARY 7032841480 2807 NORTH GLEBE ROAD ARLINGTON VA 222074299 DR RALPH KIDDER 7032841480 2011-02-08 1 Gary R Duerk 5403450936 2009 2016-02-24 21:20:13Z DR RALPH KIDDER 2807 NORTH GLEBE ROAD ARLINGTON VA 222074299 77886697 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 1601 0 523232 -89645 4838778 1768169 69991270 74167844 158588 -273693 452302 463953 75440938 76126273 13103497 13186257 0 34742891 38517990 42798 19546 1280224 21151937 20255935 69041123 71979728 6399815 4146545 141133111 155802757 70238862 80479595 70894249 75323162 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 34569931 65688644 INSTRUCTIONAL - THE UNIVERSITY OFFERS A WIDE RANGE OF GRADUATE AND UNDERGRADUATE DEGREE PROGRAMS TO APPROXIMATELY 4,053 STUDENTS. EXPENSES INCLUDE SALARIES AND BENEFITS FOR 141 FULL-TIME FACULTY. 13186257 13186257 SCHOLARSHIP ALLOWANCES - PROVIDE OPPORTUNITIES FOR THOSE WHO WOULD NOT BE ABLE TO COMPLETE THEIR COLLEGE EDUCATION WITHOUT FINANCIAL ASSISTANCE. 2805502 8369479 AUXILIARY SERVICES - PROVIDES HOUSING, FOOD AND HEALTH SERVICES TO APPROXIMATELY 1,520 RESIDENTIAL STUDENTS. 50561690 1 1 0 0 0 0 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 1 71 0 1 1601 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 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 & CONTROLLER 7032841492 2807 N GLEBE ROAD ARLINGTON VA 222074299 DR JAMES E BUNDSCHUH 40.00 X X 295554 0 29327 BARRY FITZPATRICK 0.00 X 0 0 0 MARLENE MALEK 0.00 X 0 0 0 ROSE ANN BENTE LEE 0.00 X 0 0 0 STEPHEN E ALLIS 0.00 X 0 0 0 KAZUKO BACH 0.00 X 0 0 0 NICHOLAS CAROSI III 0.00 X 0 0 0 SR MARTINA CROWLEY RSH 0.00 X 0 0 0 MARIA C DAVID 0.00 X 0 0 0 WILLIAM L COLLINS III 0.00 X 0 0 0 THOMAS J DONOHUE 0.00 X 0 0 0 BRIGID DRISCOLL RSHM 0.00 X 0 0 0 ROBERT FITCH 0.00 X 0 0 0 ROBERT NIRSCHI MD MS 0.00 X 0 0 0 YONG KIM 0.00 X 0 0 0 KATHLEEN CONNELL RSHM 0.00 X 0 0 0 STEPHEN J MCKENNA 0.00 X 0 0 0 OLZA M NICELY 0.00 X 0 0 0 JUSTINE D'ANDREA POPE 0.00 X 0 0 0 LOLA C REINSCH 0.00 X 0 0 0 ROBERT J SMITH 0.00 X 0 0 0 CARMELITA H TREACY 0.00 X 0 0 0 ROBERT W TRULAND 0.00 X 0 0 0 STEPHEN G YEONAS JR 0.00 X 0 0 0 CATHERINE KEATING 0.00 X 0 0 0 MR JOSEPH MAURELLI 0.00 X 0 0 0 MARGARET E FLANNELLY R 0.00 X 0 0 0 WILLIAM HOOVER 0.00 X 0 0 0 DR RALPH KIDDER 40.00 X 182383 0 19896 DR CHRIS DOMES 40.00 X 151249 0 12019 DR SHERRI HUGHES 40.00 X 151708 0 8678 MS EMILY MAHONY 40.00 X 138172 0 11076 MRS SHELLY DUTTON 40.00 X 126248 0 16614 MRS LIANE SUMMERFIELD 40.00 X 111316 0 9316 MRS TREASA REED 40.00 X 119860 0 15133 MR WAYNE LESKO 40.00 X 132223 0 11083 MR JAMES RYERSON 40.00 X 121976 0 15259 MRS TESS CAPPELLO 40.00 X 120396 0 9930 1651085 0 158331 30 0 1 0 JAMES G DAVIS CONSTRUCTION CORPORATION 12530 PARKLAWN DRIVE ROCKVILLE MD 20852 CONSTRUCTION COMPANY 23376506 SODEXHO INC AFFILIATES PO BOX 536922 ATLANTA GA 30536 FOOD SERVICES 2680246 BENEFITS DESIGN GROUP 600 WASHINGTON AVENUE TOWSON MD 21204 HEALTH INSURANCE 1467421 CIGNA HEALTHCARE 5089 COLLECTION CENTER DRIVE CHICAGO IL 60693 HEALTH INSURANCE 783754 DAVIS CARTER SCOTT LTD 1676 INTERNATIONAL DRIVE MCLEAN VA 22102 CONSTRUCTION CONSULTANT 597311 30 1768169 1768169 TUITION 611710 64264216 64264216 AUXILIARY SERVICES 532000 8434929 8369479 15008 50442 FEES 611710 1468699 1424428 44271 74167844 606519 606519 880212 1760424 -880212 -880212 -880212 SUMMER CAMPS 721000 443525 443525 BOOKSTORE 451211 20428 20428 463953 76126273 74058123 523232 -223251 13186257 13186257 1088635 638106 309424 141105 30344616 22821007 6975318 548291 1851965 1325673 493283 33009 3004809 2082314 848591 73904 2227965 1660747 516841 50377 1024967 314587 689263 21117 71365 23517 47848 108926 108926 19546 19546 217346 169506 47840 522500 121471 400753 276 2740812 1943942 629298 167572 938553 545487 382876 10190 12830 6303 6527 4091273 1059301 3031972 920019 826226 79406 14387 228326 153633 69937 4756 971199 971199 2706682 2706682 425181 116937 308244 AUXILIARY SERVICES 2805502 2507227 186640 111635 REPAIRS & MAINTENANCE 905386 238292 667094 OTHER EXPENSES 837868 264143 494768 78957 MEMBERSHIP DUES 659977 498085 158247 3645 BOOKS & SUBSCRIPTIONS 67223 58929 6837 1457 71979728 50561690 20137814 1280224 28391625 31880068 3395789 1764275 2751271 3542243 991260 1130433 336964 715912 132488001 48047024 49420818 84440977 20036952 21684756 35100843 10011959 707589 632134 141133111 155802757 5992559 13997552 3353207 3526328 60169762 60239955 723334 731712 0 1984048 70238862 80479595 X 47220897 48991753 16254300 18511521 7419052 7819888 70894249 75323162 141133111 155802757 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17893581 331519 1732149 407272 19549677 22149222 430125 -4009883 528483 147700 17893281 0.39490 0.40000 0.20510 1 0 7408448 7408448 48297420 18731892 29565528 20129638 17619130 2510508 56652495 11696002 44956493 84440977 CASH AND CASH EQUIVALENTS 2386746 F FIXED INCOME SECURITIES 1433444 F CORPORATE OBLIGATIONS 3468268 F EQUITY SECURITIES 4267247 F MUTUAL FUNDS 4166822 F FUNDS HELD IN TRUST BY OTHERS 5637000 C ALTERNATIVE INVESTMENTS 325229 F 21684756 FUNDS RESTRICTED TO INVESTMENT IN BLDGS & EQUIP BY DEBT AGREEMENT 10011959 F 10011959 INTEREST RATE SWAP AGREEMENT LIABILITY 1984048 1984048 76126273 71979728 4146545 2333199 -2050831 282368 4428913 62905881 2333199 -3374189 -1040990 63946871 12179402 12179402 76126273 59800326 0 59800326 12179402 12179402 71979728 Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF INTEREST RATE SWAP: -2050831. Part XII, Line 2d - Other Adjustments: INVESTMENT RETURN, NET OF AMOUNT AVAILABLE TO SUPPORT CURRENT OPERATIONS: -1323358. CHANGE IN VALUE OF INTEREST RATE SWAP: -2050831. Part XII, Line 4b - Other Adjustments: SCHOLARSHIP ALLOWANCES: 12179402. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIP ALLOWANCES: 12179402. 1 1 1 PUBLISHED THROUGH NEWSPAPER ADVERTISEMENTS AND UNIVERSITY PUBLICATIONS, CATALOGS, ETC. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 LISTING OF ALL FINANCIAL AID OR ASSISTANCE RECEIVED FROM GROVERNMENTAL AGENCIES, NOT JUST TITLE IV FROM THE DEPARTMENT OF EDUCATION. FEDERAL GRANTS: FWS - $230,000; PELL - $2,078,280; SEOG - $164,001; ACADEMIC COMPETITIVENESS GRANT (ACG) - $92,675; PERKINS- $198,000; FFELP- $27,306,543; MU STEM GRANT-LAURIE LENZ- $61,000; OTHERS (8) - $274,567 TOTAL FEDERAL GRANTS - $30,344,066STATE GRANTS: DISTRICT OF COLUMBIA - $88,685; DISTRICT OF COLUMBIA-CAP PROGRAM - $20,700; PENNSYLVANIA - $4,869; RHODE ISLAND - $900; VERMONT-SSIG GRANT - $5,500; VIRGINIA TEACHING SCHOOL - $12,090; VIRGINIA CSAP GRANT - $49,834; VIRGINIA TAG GRANT - $2,263,560; VIRGINIA TEACHER'S ASSISTANT GRANT - $12,000; TOTAL STATE GRANTS - $2,463,208TOTAL FEDERAL AND STATE GRANTS = $32,807,274 1 X X X X X X X 1 HARRIS CONNECT INC MAIL/PHONE FUNDRAISER 0 0 18500 -18500 ARIA COMMUNICATIONS CORPORATION MAILING HOUSE 0 0 22432 -22432 40932 -40932 VA 1 STUDENT AID PROVIDED BY VARIOUS SCHOLARSHIPS, GRANTS AND OTHER AIDS 1454 12179402 FELLOWSHIPS, STIPENDS AND OTHER ASSISTANCES 72 1006855 X 0 1 X X X 0 0 0 0 0 0 0 0 0 DR JAMES E BUNDSCHUH 295554 0 0 0 0 0 18375 0 10952 0 324881 0 0 0 DR RALPH KIDDER 182383 0 0 0 0 0 13585 0 6311 0 202279 0 0 0 DR CHRIS DOMES 151249 0 0 0 0 0 11119 0 900 0 163268 0 0 0 DR SHERRI HUGHES 151708 0 0 0 0 0 4694 0 3984 0 160386 0 0 0 Part I, Line 1a DR. JAMES E. BUNDSCHUH, PRESIDENT, RECEIVES THE USE OF A UNIVERSITY-OWNED PRIVATE DWELLING PURSUANT TO THE TERMS OF HIS EMPLOYMENT CONTRACT. BANK BRANCH & TRUST COMPANY 540294670 2009-03-03 40000000 CONSTRUCTION OF ACADEMIC FACILITY, DORM AND PARKING 0 0 39780871 219129 29957897 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 BARRY J FITZPATRICK TRUSTEE RETIRED THIS YEAR AS A MEMBER OF THE BOARD OF DIRECTORS OF BRANCH BANKING & TRUST COMPANY; BRANCH BANKING & TRUST COMPANY HAS PRIMARY BANKING RELATIONSHIP WITH MARYMOUNT UNIVERSITY. 0 MRS MARIA COAKEY DAVID TRUSTT 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 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. FORM 990, PART IX, LINE 2C: THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.