2011-05-05T15:18:36-05:00 2010-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-07-01 231352648 IMMACULATA UNIVERSITY IMMA 6106474400 CATHOLIC CONFERENCE IMMACULATA PA 193450631 THOMAS J FORD 2011-05-05 true Grant Thornton LLP 2155614200 2009 2016-02-24 21:20:13Z Sister Patricia Fadden 1145 King Rd Immaculata PA 19345 58555619 false X WWW.IMMACULATA.EDU X 1946 PA THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. PLEASE SEE ATTACHMENT 2 FOR FURTHER DETAILS ON THE UNIVERSITY'S MISSION. 31 31 1474 80 0 0 2356379 2756541 51572882 54065039 1167316 935377 535110 547863 55631687 58304820 9112951 9747993 0 0 23436101 23978039 0 0 867263 23327429 21774008 55876481 55500040 -244794 2804780 84520809 88954662 55077508 55829708 29443301 33124954 IMMACULATA UNIVERSITY (THE UNIVERSITY), IS A CATHOLIC UNIVERSITY FOUNDED FOR WOMEN IN 1920 BY THE SISTERS SERVANTS OF THE IMMACULATE HEART OF MARY (THE CONGREGATION). THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS DIRECTED PRIMARILY TOWARD LIBERAL AND PROFESSIONAL EDUCATION. EFFECTIVE FALL 2005, THE UNIVERSITY EXPANDED ITS MARKET IN HIGHER EDUCATION TO INCLUDE BOTH MEN AND WOMEN IN ITS TRADITIONAL UNDERGRADUATE PROGRAM. THE UNIVERSITY, TO ATTAIN THE GOAL OF DEVELOPING THE WHOLE PERSON OF ANY FAITH WITHIN A CATHOLIC COMMUNITY, ENCOURAGES THE STUDENT TO SEE IN LIBERAL EDUCATION AN INTEGRATIVE PROCESS CONTRIBUTING TO THE FORMATION OF A TRULY EDUCATED PERSON: VALUE-ORIENTED AND COMMITTED TO SEEKING IN TRUTH, PROMOTING JUSTICE, AND FOSTERING PEACE. THE UNIVERSITY OFFERS COURSES IN DISTANCE AND ON-LINE INSTRUCTION IN ADDITION TO ON-CAMPUS AND OFF-SITE GRADUATE AND UNDERGRADUATE PROGRAMS. false false 34956993 9493293 48106059 To educate and provide related services to students. In the fall of 2009, this program benefitted 4,303 students, of whom 2,710 were enrolled full time. In the spring of 2010, this program benefitted 4,354 students, 2,839 of whom were enrolled full time. This program also contributed toward the graduation of 864 students. 4220514 153700 2916701 To provide living quarters for students. On an annualized basis, this program benefitted 466 students. 2967043 101000 2238169 To provide meals to students living on campus. On an annualized basis, this program benefitted 481 students. 42144550 true true false false false false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false false false false false true true false false false true 77 0 true 1474 true false false false false false true true false false false 31 31 false false false false false false false true true false false true true true true false true true true false PA X THOMAS J FORD 6106474400 1145 KING RD IMMACULATA PA 19345 Sister Lorraine McGrew IHM 2.0 X 0 0 0 Sister Mary Anne Bednar IHM 2.0 X 0 0 0 Peggy A Behm 2.0 X 0 0 0 Phyllis Bellopede 2.0 X 0 0 0 Sister Elaine de Chantal Brookes IH 2.0 X 0 0 0 Reverend George Bur SJ 2.0 X 0 0 0 Anthony Cellucci 2.0 X 0 0 0 Winston Churchill Jr 2.0 X 0 0 0 Sister Patricia Dailey IHM 2.0 X 0 0 0 Sister Carolyn M Dimick IHM 2.0 X 0 0 0 Frank A Farnesi 2.0 X 0 0 0 Sister Anita Patrick Gallagher IHM 2.0 X 0 0 0 Sister Marie Esther Hart IHM 2.0 X 0 0 0 Brian M Hartline 2.0 X 0 0 0 Gregory G Karabin 2.0 X 0 0 0 Charles Kerrigan 2.0 X 0 0 0 Bernadette Maguire 2.0 X 0 0 0 Brian G McElwee 2.0 X 0 0 0 Marion A McGowan 2.0 X 0 0 0 Sister Eileen M McGuigan IHM 2.0 X 0 0 0 Sister Anne B McGuire IHM 2.0 X 0 0 0 Henry J McHugh 2.0 X 0 0 0 Sister Patricia Mengel IHM 2.0 X 0 0 0 Sister Joanne Ralph IHM 2.0 X 0 0 0 Maryann Hammeke Romeo 2.0 X 0 0 0 Sister Joan Rychalsky 2.0 X 0 0 0 Mimi Draper Walsh 2.0 X 0 0 0 Joseph F Wusinich III 2.0 X 0 0 0 Sister M Rose Yeager IHM 2.0 X 0 0 0 A J Gabriele 2.0 X 0 0 0 The Honorable Thomas A Pitt Jr 2.0 X 0 0 0 Edward Roach 2.0 X 0 0 0 Sister Donna Shallo IHM 2.0 X 0 0 0 Sister Mary Smith IHM 2.0 X 0 0 0 Thomas J Ford 40.0 X 183623 0 8723 Theresa Grentz 40.0 X 142467 0 5345 Stephen J Pugliese 40.0 X 135153 0 5397 Sister Patricia Fadden 40.0 X 0 0 0 Sister Ann Heath 40.0 X 0 0 0 Sister Marie Hubert IMH 40.0 X 0 0 0 Jed Yalof 40.0 X 120334 21642 William B Carr 40.0 X 118797 0 8723 Kevin McIntyre 40.0 X 113657 0 5345 Francis Martin 40.0 X 116256 0 5868 Janet Fenton Kane 40.0 X 112442 0 17639 1042729 0 78682 10 false true false SUNGARD HIGHER EDUCATION 2300 MAITLAND CENTER PARKWAY SUITE MAITLAND FL 32751 CONSULTANT 2822421 CANON BUSINESS SOLUTIONS 15004 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 COPY CENTER MGMT 417582 ARAMARK HIGHER EDUCATION FACILITIES PO BOX 198532 ATLANTA GA 30384 FACILITIES MGMT 1162736 CONSTRUCTION SERVICES UNLIMITED 110 THIRD ST PO BOX 349 NEW CUMBERLAND PA 17070 CONSTRUCTION 386786 ARAMARK CORPORATION PO BOX 198532 ATLANTA GA 303848532 CAMPUS SERVICES 2010102 17 109000 1312036 1335505 2756541 TUITION/FEES 900099 48106059 48106059 RESIDENT HALLS 900099 3102941 3102941 STUDENT BOARD PLAN 900099 2238169 2238169 FOOD SVCS-CATERING 900099 272165 272165 IU CASH RECEIPTS 900099 215227 215227 130478 130478 54065039 935377 935377 0 0 193467 29907 163560 163560 163560 0 220892 109000 220892 0 0 0 FORFEIT STUDENT DEPOSITS 900099 15200 15200 TRANSCRIPT INCOME 900099 23520 23520 PARKING FEE 812930 48045 48045 297538 297538 384303 58304820 54449342 1098937 0 9747993 9747993 0 0 522536 151410 205055 166071 0 18165845 14915696 2844562 405587 930925 685818 222972 22135 3044504 2302896 666757 74851 1314229 1128265 155815 30149 0 129940 129940 91467 91467 0 0 133054 133054 3490328 2486599 971007 32722 608827 80187 528640 5857860 4410517 1339811 107532 3401037 3401037 0 0 252644 174703 60765 17176 0 0 2435025 1874969 560056 0 4199744 3233803 965941 477376 407389 69987 EQUIPMENT RENTAL & MAINT. 510466 404625 98756 7085 SISTERS RESIDENCE EXPENSE 186240 139680 42605 3955 55500040 42144550 12488227 867263 1352195 4676247 643427 370013 1580652 1799102 496532 517984 938128 641899 112115106 53185972 59920833 58929134 18711103 21200139 877939 820144 84520809 88954662 3126364 4161032 2793379 3447299 39034238 38214922 7922875 7743099 2200652 2263356 55077508 55829708 X 15220133 18441497 8269399 8466012 5953769 6217445 29443301 33124954 84520809 88954662 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11291751 263676 1566660 162879 459661 12499547 14746735 80741 -2850614 218000 467111 11291751 0.42630 0.57370 false false 212719 212719 81363471 34939399 46424072 4471431 0 4471431 26067486 18246573 7820912 0 0 58929134 0 CONDITIONAL ASSET RETIREMENT 1895554 STUDENT DEPOSITS 367802 2263356 58304820 55500040 2804780 743819 133054 876873 3681653 52530903 743819 1843661 2587480 49943423 8361397 8361397 58304820 48849250 1843661 29907 1873568 46975682 8524358 8524358 55500040 SCHEDULE D, PART XII, LINE 4B RENTAL EXPENSE IN REVENUE: $ (29,907) SCHOLARSHIP ALLOWANCES: $ 8,136,604 DISCOUNT IN REVENUE: $ 254,700 ------------- TOTAL: $ 8,361,397 SCHEDULE D, PART XIII, LINE 2D RENTAL EXPENSE IN REVENUE: $ 29,907 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIP ALLOWANCES: $ 8,136,604 Investment Management Fee: $ 133,054 Discount in Revenue: $ 254,700 ------------- TOTAL: $ 8,524,358 SCHEDULE D, PART V, LINE 4 The University's endowment consists of approximately 43 individual funds established for a variety of purposes including scholarships, faculty development and general operations. SCHEDULE D, PART X: FIN 48 Disclosure THE UNIVERSITY ACCOUNTS FOR UNCERTAIN TAX PROVISIONS, IF ANY, IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ISSUED INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAX - AN INTERPRETATION OF FASB STATEMENT 109. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR FISCAL YEAR 2010 OR 2009. true true true THE UNIVERSITY PROVIDES A STATEMENT IN ALL PUBLICATIONS REGARDING ITS NONDISCRIMINATORY POLICY. true true true true false false false false false false false false true false FEDERAL AND STATE GRANTS true ART SHOW 250847 57000 193847 196166 GOLF TOURNAMENT 79045 52000 27045 19407 5319 0 329892 109000 220892 19407 201485 220892 true SCHOLARSHIPS TO VARIOUS STUDENTS 1477 9747993 FMV SCHOLARSHIPS/FIN AID Schedule I, Part I, Line 2 GRANTS ISSUED BY IMMACULATA UNIVERSITY ARE PRIMARILY IN THE FORM OF SCHOLARSHIP AND GRANTS AWARDED AS PART OF FINANCIAL AID. FINANCIAL AID GRANTS AWARDED TO STUDENTS ARE DIRECTLY APPLIED BY THE UNIVERSITY TO OFFSET BILLED AMOUNTS (I.E. TUITION) ON THE STUDENT'S ACCOUNT, THEREBY REDUCING THE NET BALANCE DUE TO THE UNIVERSITY. STUDENTS RECEIVING SCHOLARSHIPS ARE ASSESSED ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEEDS, AND SIMILAR STANDARDS false false false false false false false false false Thomas J Ford 183623 0 0 0 0 0 0 0 9369 0 192992 0 0 0 Chester County Health & Education Facilities Autho 232265260 165579DP5 2005-06-29 23128100 Campus renovations and upgrade false false 22773035 1837385 685133 19144676 2007 false false true true false false false false true 0.00000 0.00000 0.00000 true true false false true AIG Matched Funding 3. true false false PART VI, LINE 11A REVIEW OF FORM 990 AN INDEPENDENT TAX PREPARATION FIRM IS ENGAGED TO ASSIST IN COMPILING FORM 990 WITH DATA PROVIDED FROM THE BUSINESS OFFICE. UNIVERSIY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. PRIOR TO FILING, MANAGEMENT PRESENTS THE FORM 990 TO THE FINANCE & PROPERTY/AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 IS REVIEWED AND SIGNED BY THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF PRESIDENT OF UNIVERSITY: SISTER PATRICIA FADDEN, IHM, PRESIDENT OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH HER STATED VOW OF POVERTY. PART VI, LINE 15B PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF ALL OFFICERS OF THE UNIVERSITY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. SALARY DATA IS GATHERED FROM INDUSTRY PUBLICATIONS, HIGHER EDUCATION ASSOCIATIONS AND PEER UNIVERSITIES TO BENCHMARK COMPENSATION ON AN ANNUAL BASIS. COMPENSATION IS SET WITHIN THE CONTRIANTS OF THE BOARD OF TRUSTEES' APPROVED OPERATING BUDGET. Salary data is gathered from CUPA and NACUBO and is used to establish benchmarks for university executive administrators. This process was last undertaken for the fiscal year 2009-2010. Part VI, Line 12c CONFLICT OF INTEREST POLICY THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT AND SUBMIT SUCH STATEMENT TO THE UNIVERSITY PRESIDENT. THE PRESIDENT REVIEWS THOSE STATEMENTS FOR POTENTIAL CONFLICTS. THE DISCLOSURE STATEMENT ALSO REQUIRES ALL MEMBERS TO NOTIFY THE UNIVERSITY PRESIDENT PROMPTLY OF ANY ACTUAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST AS IT ARISES, SO THAT IT CAN BE ADDRESSED IMMEDIATELY. SHOULD THERE BE A CONFLICT OF INTEREST ANY AFFECTED TRUSTEE OR OFFICER SHALL REFRAIN FROM ANY CONSIDERATION OF, OR ACTION UPON, THE TRANSACTION OR PROPOSED TRANSACTION. PART VII & SCHEDULE J COMPENSATION OF MEMBERS OF RELIGIOUS ORDER THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Lorraine McGrew, IHM Sister Mary Anne Bednar, IHM Sister Elaine De Chantal Brookes, IHM Sister Patricia Dailey, IHM Sister Carolyn M. Dimick, IHM Sister Anita Patrick Gallagher, IHM Siter Marie Esther Hart, IHM Sister Eileen M. McGuigan, IHM Sister Anne B. McGuire, IHM Sister Patricia Mengel, IHM Sister Joanne Ralph, IHM Sister Joan Rychalsky, IHM Sister Rose Yeager, IHM Sister Donna Shallo, IHM Sister Mary Smith, IHM THE FOLLOWING OFFICERS OF IMMACULATA UNIVERSITY ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: Sister Patricia Fadden, IHM - President Sister Ann Health, IHM - Vice President, Academic Affairs Sister Marie Hubert, IHM - Secretary PART VI, LINE 19 PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, AND FINANCIALS THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFILIC OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Enserv Inc PO Box 665 IMMACULATA PA 19345 232731906 WATER TREAT PA 0 362020 SISTERS SERVANTS OF IHM VILLA MARIA GENERALATE 1140 KING RD IMMACULATA PA 19345 231352569 Religious 501(c)(3) 501(c)(3) NA false false false false false false false false false false false false false false false false true false SISTERS SERVANTS OF IHM 1q In 277747 SISTERS SERVANTS OF IHM 1q In 395037