MARYWOOD UNIVERSITY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MARYWOOD UNIVERSITY (EIN 24-0795453)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201111339349303911
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T13:51:27-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ParenteBeard LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 46 Public Square Suite 400 | AddressLine1 |
| City | WilkesBarre | City |
| State | PA | State |
| ZIP Code | 18701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 240795453 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARYWOOD UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARY | NameControl |
| Phone | 5703486222 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 ADAMS AVENUE | AddressLine1 |
| City | SCRANTON | City |
| State | PA | State |
| ZIP Code | 185091598 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH X GARVEY JR CPA | Name |
| Title | VP FOR BUSINESS AFFAIRS | Title |
| Phone | 5703486222 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Julius Green CPA | Name |
| Phone | 5708200100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH GARVEY JR CPA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 ADAMS AVENUE | AddressLine1 |
| City | SCRANTON | City |
| State | PA | State |
| ZIP Code | 185091598 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 97116079 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.marywood.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1915 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | To provided an education in the IHM tradition of academic excellence. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2110 | TotalNbrEmployees |
| Total Nbr Volunteers | 22 | TotalNbrVolunteers |
| Total Gross UBI | 377900 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -6020 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6280816 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6910945 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 75714594 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 80145888 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1245123 | InvestmentIncomePriorYear |
| Investment Income Current Year | 957999 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 4980787 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5211579 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 88221320 | TotalRevenuePriorYear |
| Total Revenue Current Year | 93226411 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 24684436 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 27336504 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 36364988 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 37710488 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 94671 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 81675 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1451710 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 23132801 | OtherExpensePriorYear |
| Other Expenses Current Year | 23430470 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 84276896 | TotalExpensesPriorYear |
| Total Expenses Current Year | 88559137 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3944424 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4667274 | RevenuesLessExpensesCY |
| Total Assets BOY | 157238724 | TotalAssetsBOY |
| Total Assets EOY | 167778134 | TotalAssetsEOY |
| Total Liabilities BOY | 62817034 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 65971071 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 94421690 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 101807063 | NetAssetsOrFundBalancesEOY |
| Mission Description | A Catholic university sponsored by the Congregation of the Sisters, Servants of the Immaculate Heart of Mary, Marywood University roots itself in the principle of justice and a belief that education empowers people. Enacting its ideals, marywood offers students a welcoming and supportive community that encourages men and women of all backgrounds to shape their lives as leaders in service to others. Proud of its liberal arts tradition and host of professional disciplines, Marywood challenges students to broaden their understanding of global issues and to make decisions based on spiritual, ethical, and religious values. Marywood calls upon students to seek their full potential and invites all to engage in a lifelong process of learning. Witnessing the efficacy of teaching and scholarship, Marywood educates students to live responsibly in a diverse and interdependent world. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 59363730 | Expense |
| Grants | 27336504 | Grants |
| Revenue | 55867827 | Revenue |
| Description | INSTRUCTION AND SCHOLARSHIPS - PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,722 FULL-TIME AND 757 PART-TIME STUDENTS. ALSO OFFERED NON-CREDIT WORKSHOPS FOR CONTINUING EDUCATION PURPOSES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7963123 | Expense |
| Revenue | 7494178 | Revenue |
| Description | RESEARCH AND ACADEMIC SUPPORT - PROVIDED STUDENT SERVICES TO SUPPORT INSTRUCTION NOTED ABOVE. THIS INCLUDES LIBRARY, MEDIA, COMPUTER, ATHLETICS, HEALTH SERVICES, AND MORE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10166970 | Expense |
| Revenue | 9568242 | Revenue |
| Description | AUXILIARY SERVICES - PROVIDED DORMITORY AND FOOD SERVICES TO 1,013 RESIDENT STUDENTS AND FOOD SERVICES TO COMMUTER STUDENTS AND CAMPUS STAFF. ALSO OPERATED THE CAMPUS BOOKSTORE AND DAY CARE CENTER. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 77493823 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 1 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 152 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2110 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kevin J May CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5709614779 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 ADAMS AVENUE Liberal Arts | AddressLine1 |
| City | SCRANTON | City |
| State | PA | State |
| ZIP Code | 185091598 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (42 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Richard R Beasley | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Lorraine R Breen | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Sr Ann M Bubser IHM | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Michael E Bugno | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Joseph Matthias Cosgrove | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Lee A Dehihns III | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Frank A Epifano | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Patricia J Glinsky | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| David Hawk | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Sr Nancy Hawkins IHM | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Sr Angela Kim IHM | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| David L Kirtland | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Frank E LaVerghetta | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| William R Lynett | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Dorothy L Magnotta | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Sr Mary E Merrick IHM | |||||||||
| TRUSTEE/Ex-Officio | 1.00 | X | 0 | 0 | 0 | ||||
| Marion Munley | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Mary C Murray | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Catherine G Quinnan | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| john p sweeney sr | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Msgr David L Tressler | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Patrick brier | |||||||||
| truSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| mary ellen mcdonough | |||||||||
| trUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| michael insalaco | |||||||||
| trustee emeritus | 1.00 | X | 0 | 0 | 0 | ||||
| virginia p shields | |||||||||
| trustee emeritus | 1.00 | X | 0 | 0 | 0 | ||||
| sister mary persico IHM | |||||||||
| ex-officio board member | 1.00 | X | 0 | 0 | 0 | ||||
| sister anne munley ihm | |||||||||
| ex-officio board member | 1.00 | X | 0 | 0 | 0 | ||||
| Antonia M Schierling | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Richard P Kane | |||||||||
| TrUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Joan Banick Brooks | |||||||||
| TruSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| Sr Anne Munley IHM | |||||||||
| President - see Sch O | 35.00 | 0 | 0 | 31479 | X | ||||
| Dr Peter Cimbolic | |||||||||
| Provost & VP Academ | 35.00 | 188848 | 0 | 21150 | X | X | |||
| Joseph X Garvey Jr | |||||||||
| VP for business Affairs | 35.00 | 137920 | 0 | 24177 | X | ||||
| Dr Clayton N Pheasant | |||||||||
| VP for Univ Advancmnt | 35.00 | 143414 | 0 | 25170 | X | ||||
| Dr Raymond P Heath | |||||||||
| VP for Student Life | 35.00 | 139029 | 0 | 15935 | X | ||||
| Sr Dolores Filicko IHM | |||||||||
| Secretary - See Sch O | 35.00 | 0 | 0 | 12986 | X | ||||
| Dr Michael Alan Foley | |||||||||
| Dean, Liberal Arts & Sciences | 35.00 | 109162 | 0 | 21045 | X | ||||
| Dr Alan Levine | |||||||||
| Dean, College of Health & Human Svc | 35.00 | 112761 | 0 | 13857 | X | ||||
| David Skica | |||||||||
| Chief Information OFficer | 35.00 | 119833 | 0 | 13993 | X | ||||
| Dr Samir P Dagher | |||||||||
| Full Professor | 35.00 | 101284 | 0 | 20609 | X | ||||
| Ann Boland - Chase | |||||||||
| VP for Enrollment Mgmt | 35.00 | 103946 | 0 | 16534 | X | ||||
| Terrance E O'Brien | |||||||||
| Former Director, Project Office | 35.00 | 112800 | 0 | 17060 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1268997 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 233995 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CHARTWELLS COMPASS GROUP USA | |||||
| PO Box 91337 | CHICAGO | IL | 60693 | Campus Food Service | 4251135 |
| G Weinberger Company | |||||
| 231 Oak Street | OLD FORGE | PA | 18518 | Mechanical/Plumbing Contractors | 1737105 |
| RE Lesniak Inc | |||||
| RR 9 Box 9237 | MOSCOW | PA | 18444 | Electrical Contractor | 834971 |
| Atlas Tracks Inc | |||||
| 19495 SW Teton Ave | Tualatin | OR | 97062 | Sport Surface Contractor | 715771 |
| J Slater & Sons Inc | |||||
| PO Box 705 | MoscoW | PA | 18444 | General Contractor | 715023 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 2334703 | GovernmentGrants |
| All Other Contributions | 4576242 | AllOtherContributions |
| Total Contributions | 6910945 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| TUITION & FEES | 611600 | 72382548 | 72382548 | ||
| SALES & SVCS-AUX ENTER | 721310 | 7215641 | 377900 | $6,837,741 | |
| SALES & SVCS-EDUCATION | 611710 | 299736 | 299736 | ||
| EDUCATION RELATED SVCS | 611710 | 247963 | 247963 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 80145888 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 766591 | TotalRevenueColumn |
| Exclusion | $766,591 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2832958 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2641550 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 191408 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 191408 | TotalRevenueColumn |
| Exclusion | $191,408 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 6013791 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1248118 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4765673 | TotalRevenueColumn |
| Exclusion | $4,765,673 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| PARKING & TRAFFIC FINE | 900099 | 191980 | $191,980 |
| BAD DEBT RECOVERIES | 900099 | 105592 | $105,592 |
| DEPOSITS, ADJUSTMENTS, | 900099 | 89008 | $89,008 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59326 | TotalRevenueColumn |
| Exclusion | $59,326 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 445906 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93226411 | TotalRevenueColumn |
| Related Or Exempt Function Income | 72930247 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 377900 | UnrelatedBusinessRevenue |
| Exclusion | $13,007,319 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27336504 | Total |
| Program Services | 27336504 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 693313 | Total |
| Management And General | 693313 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27686206 | Total |
| Program Services | 23034105 | ProgramServices |
| Management And General | 3872393 | ManagementAndGeneral |
| Fundraising | 779708 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2078191 | Total |
| Program Services | 1666344 | ProgramServices |
| Management And General | 337864 | ManagementAndGeneral |
| Fundraising | 73983 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5355152 | Total |
| Program Services | 4084804 | ProgramServices |
| Management And General | 1161966 | ManagementAndGeneral |
| Fundraising | 108382 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1897626 | Total |
| Program Services | 1554252 | ProgramServices |
| Management And General | 285174 | ManagementAndGeneral |
| Fundraising | 58200 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201679 | Total |
| Program Services | 201679 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20000 | Total |
| Management And General | 20000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103040 | Total |
| Management And General | 103040 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66882 | Total |
| Management And General | 66882 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81675 | Total |
| Fundraising | 81675 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19587 | Total |
| Management And General | 19587 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4614480 | Total |
| Program Services | 3761563 | ProgramServices |
| Management And General | 671258 | ManagementAndGeneral |
| Fundraising | 181659 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299788 | Total |
| Program Services | 239474 | ProgramServices |
| Management And General | 58814 | ManagementAndGeneral |
| Fundraising | 1500 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4120664 | Total |
| Program Services | 3213540 | ProgramServices |
| Management And General | 883062 | ManagementAndGeneral |
| Fundraising | 24062 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 241368 | Total |
| Program Services | 132544 | ProgramServices |
| Management And General | 102708 | ManagementAndGeneral |
| Fundraising | 6116 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2440124 | Total |
| Program Services | 2433466 | ProgramServices |
| Management And General | 6658 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 979216 | Total |
| Program Services | 762849 | ProgramServices |
| Management And General | 135344 | ManagementAndGeneral |
| Fundraising | 81023 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2128368 | Total |
| Program Services | 2128368 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4315335 | Total |
| Program Services | 3669762 | ProgramServices |
| Management And General | 645573 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329862 | Total |
| Program Services | 281185 | ProgramServices |
| Management And General | 48677 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD SERVICE | 2189532 | 2189532 | ||
| ENTERTAINMENT | 501605 | 303358 | 148720 | 49527 |
| EDUCATION AND ACTIVITIE | 312629 | 303017 | 9612 | |
| BAD DEBT | 290421 | 290421 | ||
| registration fees | 74784 | 53863 | 15556 | 5365 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 181106 | Total |
| Program Services | 143614 | ProgramServices |
| Management And General | 36982 | ManagementAndGeneral |
| Fundraising | 510 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88559137 | Total |
| Program Services | 77493823 | ProgramServices |
| Management And General | 9613604 | ManagementAndGeneral |
| Fundraising | 1451710 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16320 | BOY |
| EOY | 17923 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21541187 | BOY |
| EOY | 17440918 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6256370 | BOY |
| EOY | 6104768 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1818317 | BOY |
| EOY | 2905913 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280653 | BOY |
| EOY | 327000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1523907 | BOY |
| EOY | 1689955 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 159126096 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 55230773 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96988706 | BOY |
| EOY | 103895323 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25199102 | BOY |
| EOY | 32070756 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1141177 | BOY |
| EOY | 878259 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2472985 | BOY |
| EOY | 2447319 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157238724 | BOY |
| EOY | 167778134 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7112238 | BOY |
| EOY | 5964577 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 600725 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43873222 | BOY |
| EOY | 43395681 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5830532 | BOY |
| EOY | 10067276 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6001042 | BOY |
| EOY | 5942812 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62817034 | BOY |
| EOY | 65971071 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74438468 | BOY |
| EOY | 80391973 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3754874 | BOY |
| EOY | 3956207 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16228348 | BOY |
| EOY | 17458883 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94421690 | BOY |
| EOY | 101807063 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157238724 | BOY |
| EOY | 167778134 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $66,882 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 66882 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, Line 1i: | Identifier |
| Return Reference | Explanation of Other Lobbying Activities: | ReturnReference |
| Explanation | The University paid Arent Fox, PLLC, and Providence Consulting for services including contacting Pennsylvania Congressional delegation, along with members of the Senate and House Appropriations Committee(s) in support of Marywood University's requests for federal funding through appropriations legislation and competitive grants offered by USDA, HHS, EPA, and USDE. In conjunction with these services, Marywood University submitted appropriation requests to Congress and competitive grant applications to these agencies. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 17800 | RevenuesIncluded |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23948313 | BeginningOfYearBalance |
| Contributions | 1106115 | Contributions |
| Investment Earnings Or Losses | 4063280 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 844000 | GrantsOrScholarships |
| Administrative Expenses | 15599 | AdministrativeExpenses |
| End Of Year Balance | 28258109 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 28287988 | BeginningOfYearBalance |
| Contributions | 3526665 | Contributions |
| Investment Earnings Or Losses | -6352063 | InvestmentEarningsOrLosses |
| Other Expenditures | 1363000 | OtherExpenditures |
| Administrative Expenses | 151277 | AdministrativeExpenses |
| End Of Year Balance | 23948313 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.62000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.38000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1358579 | OtherCostOrOtherBasis |
| Book Value | 1358579 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 143580340 | OtherCostOrOtherBasis |
| Depreciation | 55070133 | Depreciation |
| Book Value | 88510207 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 274924 | OtherCostOrOtherBasis |
| Book Value | 274924 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13912253 | OtherCostOrOtherBasis |
| Depreciation | 160640 | Depreciation |
| Book Value | 13751613 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 103895323 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $3,398,811 |
| REFUNDABLE ADVANCES FOR FEDERAL STUDENT LOANS | $1,777,365 |
| ASSET RETIREMENT OBLIGATION | $480,597 |
| INTEREST RATE SWAP | $286,039 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5942812 | TotalOfAmounts |
| Total Revenue | 93226411 | TotalRevenue |
| Total Expenses | 88559137 | TotalExpenses |
| Excess Or Deficit For Year | 4667274 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3002564 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -249193 | PriorPeriodAdjustments |
| Other | -$35,272 | OtherAmount |
| Total Adjustments | 2718099 | TotalAdjustments |
| Excess Or Deficit Per FS | 7385373 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 70566860 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3002564 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 136077 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -27046310 | OtherRevenues |
| Revenue Not Rptd F990 | -23907669 | RevenueNotRptdF990 |
| Revenue Subtotal | 94474529 | RevenueSubtotal |
| Other Revenues Not Included | -1248118 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -1248118 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 93226411 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 62932294 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 136077 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 1248118 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1384195 | ExpensesNotRptdF990 |
| Expenses Subtotal | 61548099 | ExpensesSubtotal |
| Other Expenses Not Included | 27011038 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 27011038 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 88559137 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | Marywood University Art Galleries strive to present exhibitions and programs that provide opportunities for life long learning and contribute to the visual literacy of both the institution and greater community. The Art Galleries committed to complementing and broadening the availability of contemporary and historical visual arts for the academic community with outreach and collaborative programming. All exhibitions, receptions, and accompanying events are free of charge and open to the Marywood community and the general public. Current, future, and past exhibitions, as well as over 50 objects from the permanent collection, can be viewed on the Art Galleries' web page at www.marywood.edu/galleries. The Suraci Gallery maintains Marywood's permanent collection of fine and decorative arts. The Asian Collection consists of paintings, furniture, ivories, tapestries, and ceramics. Bronze and marble sculptures, furniture, and paintings comprise the 19th Century Collection. In addition, European ceramics, glass, and other decorative arts are displayed. Feature exhibitions that showcase regional, national, and international artists, as well as recent work by art faculty are highlighted during the year in a recently renovated exhibition space. | |
| Part V, Line 4: | The University's endowment consists of approximately 100 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by accounting principles generally accepted in the United States of America, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The Board of Trustees of the University has interpreted Pennsylvania law as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the University classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as either temporarily restricted or unrestricted net assets based on the existence of donor restrictions or by law. The University considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: 1. The duration and preservation of the fund 2. The purposes of the University and the donor-restricted endowment fund 3. General economic conditions 4. The possible effect of inflation and deflation 5. The expected total return from income and the appreciation of investments 6. Other resources of the University 7. The investment policies of the University The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. Under this policy, as approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of the S&P 500 index while assuming a moderate level of investment risk. The University expects its endowment funds, over time, to provide an average rate of return of approximately 9 percent annually. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the University relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The University targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The University has a policy of appropriating for distribution each year 3.5 to 5 percent of its endowment funds' average fair value over the prior 12 quarters through the calendar year-end proceeding the fiscal year in which the distribution is planned. In establishing this policy, the University considered the long-term expected return on its endowment. Accordingly, over the long term, the University expects the current spending policy to allow its endowment to grow at an average of 4 percent annually. This is consistent with the University's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return. | Description of Intended Use of Endowment Funds: |
| Part X: | Part X: The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes is included in the accompanying financial statements. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The University's Form 990, Return of Organization Exempt from Income Tax for the tax years ended June 30, 2010, 2009, 2008 and 2007 remain subject to examination by the Internal Revenue Service. | Description of Uncertain Tax Positions Under FIN 48: |
| Part XI, Line 8 - Other Adjustments: | Change in split interest agreements: 120506. OTHER UNREALIZED LOSS ON INTEREST RATE SWAP: -155778. | |
| Part XII, Line 2d - Other Adjustments: | SCHOLARSHIPS: -27011038. CHANGE IN SPLIT INTEREST AGREEMENTS: 120506. UNREALIZED LOSS ON INTEREST RATE SWAP: -155778. | |
| Part XII, Line 4b - Other Adjustments: | COST OF GOODS SOLD: -1248118. | |
| Part XIII, Line 2d - Other Adjustments: | COST OF GOODS SOLD: 1248118. | |
| Part XIII, Line 4b - Other Adjustments: | SCHOLARSHIPS: 27011038. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | CLEARLY STATED ON MOST ADMISSIONS ADVERTISEMENTS AND PUBLICATIONS. ALSO DISCLOSED ON THE SUPPLEMENTAL MATERIAL CREATED BY THE MARKETING AND COMMUNCATIONS OFFICE | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | SCHOLARSHIPS/GRANTS ARE AWARDED TO STUDENTS BASED UPON THE ACADEMIC PROFILE OF THE STUDENT AND DEMONSTRATED FINANCIAL NEED. IN DETERMINING FINANCIAL NEED, THE U.S. DEPARTMENT OF EDUCATION'S APPROVED NEEDS ANALYSIS SYSTEM (CONGRESSIONAL METHODOLOGY) IS UTILIZED TO ENSURE INSTITUTIONAL COMPLIANCE WITH ALL APPLICABLE FEDERAL REGULATIONS (TITLE IV PROGRAMS), STATE GUIDELINES, AND UNIVERSITY POLICY IN THE DISTRIBUTION OF FINANCIAL AID. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | African Countries: Kenya, Tanzania, Uganda, Nigeria, and Ghana | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 10 | NumberOfEmployees |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConducted |
| Specific Services Provided | During the three-year phase of the Sisters Leadership Development Initiative ("SLDI") pilot project in Africa, there will be a series of two-week sequential workshops focused on management and leadership capacity building. Curriculum specialists at the ASEC colleges will develop the scope and sequence of the offerings. In addition to instructional programs offered by ASEC colleges, SLDI participants will have the opportunity to attend sessions coordinated by such African-based organizations as CORAT Africa, which facilitates in-country client determined courses, workshops and seminars. Long range plans for SLDI include increased use of technology and the Internet to access distance education. This will permit Sisters to remain in their countries while pursuing professional preparation and/or degree work in business and management. | SpecificServicesProvided |
| Total Expenditures | 494845 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 10 | TotalNumberOfEmployees |
| Total Amount Spent | 494845 | TotalAmountSpent |
| No Recipient Over5 K | X | NoRecipientOver5K |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants Outside the U.S.: | Identifier |
| Explanation | Schedule F, Part I, Line 2: The program evaluation will be an objectives-oriented evaluation providing both formative and summative information. The program evaluation plan will be developed collaboratively by the principal investigator in collaboration with the project director and project coordinators. The program evaluation will measure the achievement of the desired impact and project objectives by assessing: (1) Project Outcomes; (2) Project Outputs; (3) Curriculum Objectives; and (4) Participant Skills and Knowledge. (1) Project Outcomes will be assessed by the evaluation of the impact of the project on the Sisters' ministry identified by both the participants and the Major Superiors. (2) Program Outputs will be collected during the Sessions and recorded by participants or coordinator. (3) Curriculum Objectives will be assessed by syllabus content review and the results of the measures of participant skills and knowledge. (4) Participant Skills and Knowledge will be assessed pre- and post-training. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ruffalo Cody | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Phonathon Agent | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 233014 | GrossReceipts |
| Amount Retained By Contractor | 81675 | AmountRetainedByContractor |
| Net To Organization | 233014 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 233014 | TotalGrossReceipts |
| Total Retained By Contractors | 81675 | TotalRetainedByContractors |
| Total Net To Organization | 233014 | TotalNetToOrganization |
| Licensed States | PA | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|
| SPONSORED SCHOLARSHIPS | 968100 | CASH |
| NON-SPONSORED SCHOLARSHIPS | 26042938 | CASH |
| STUDENT AID | 325466 | cash |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: All students applying for federal funds are required to submit the FAFSA. The office reviews the results of the FAFSA, which dictates what and how much federal funding the individual student is eligible for. If the student is determined to be in compliance with all federal regulations, as determined by the Department of Education, the aid office awards the student the appropriate funding. Student files regarding the eligibility are maintained by the student financial aid office. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Peter Cimbolic | |||||||||||||
| 188848 | 0 | 0 | 0 | 0 | 0 | 19073 | 0 | 2077 | 0 | 209998 | 0 | 0 | 0 |
| Joseph X Garvey Jr | |||||||||||||
| 137920 | 0 | 0 | 0 | 0 | 0 | 14300 | 0 | 9877 | 0 | 162097 | 0 | 0 | 0 |
| Dr Clayton N Pheasant | |||||||||||||
| 143414 | 0 | 0 | 0 | 0 | 0 | 15203 | 0 | 9967 | 0 | 168584 | 0 | 0 | 0 |
| Dr Raymond P Heath | |||||||||||||
| 139029 | 0 | 0 | 0 | 0 | 0 | 14002 | 0 | 1933 | 0 | 154964 | 0 | 0 | 0 |
| Terrance E O'Brien | |||||||||||||
| 112800 | 0 | 0 | 0 | 0 | 0 | 11468 | 0 | 5592 | 0 | 129860 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | Marywood's president, Sr. Anne Munley, lives in housing owned by Marywood, specifically for the president. Because Sister's Congreagation takes a vow of poverty, all of her income related to her work for Marywood goes directly to the Congregation, and is therefore not taxable to Sister Anne. |
| Part I, Line 4a | Terrance E. O'Brien, Director - Project Office |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY | ||||||
| 232243852 | 70917NU77 | 2005-02-03 | 9105000 | SERIES A OF 2005 - TO ADVNC-REF'D O/S BAL OF 2000 BONDS & TO PAY ISS COSTS | 0 | 0 |
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY | ||||||
| 232243852 | 70917N4Q4 | 2005-04-15 | 11447049 | SERIES B OF 2005 - TO REF'D 1999 D4 BNDS; FIN CONSTR OF ATH FAC; FND DBT SVC | 0 | 0 |
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY | ||||||
| 232243852 | 70917RAZ8 | 2005-12-15 | 12567509 | SERIES C OF 2005 - TO FIN RENOV OF RES HALL; FIN VAR CAP IMP; FND DBT SVC | 0 | 0 |
| THE ABINGTON TOWNSHIP MUNICIPAL AUTHORITY | ||||||
| 231708665 | 003642AH8 | 2007-01-04 | 14991657 | SERIES OF 2007 - TO FIN RENOV OF RESIDENCE HALL & OTHER CAP IMPROVMENTS | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount In Reserve FundAmountInReserveFund |
|---|---|---|---|---|---|---|---|---|
| 10268152 | 167834 | 60924 | 2005 | 1 | 1 | 1 | 1 | |
| 11466757 | 484407 | 9759679 | 2006 | 1 | 0 | 1 | 1 | 502964 |
| 12590428 | 517998 | 11506871 | 2007 | 0 | 0 | 1 | 1 | 542640 |
| 14997303 | 479988 | 13887085 | 2008 | 0 | 0 | 1 | 1 | 624583 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00400 | 0.00400 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00170 | 0.00170 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied |
|---|---|---|---|---|---|---|
| (no name) | ||||||
| 0 | 1 | 0 | 0 | 0 | 0 | |
| AIG | ||||||
| 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| AIG | ||||||
| 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| AIG | ||||||
| 0 | 0 | 0 | 1 | 0 | 1 | 1 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Patrick A Fricchione Jr | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Former Board Member; President and CEO, SIMPLEX INDUSTRIES, INC. | Relationship |
| Amount Of Transaction | 757350 | AmountOfTransaction |
| Description Of Transaction | Purchase and Finishing Work for Woodlands III, a Marywood dormitory, from Simplex Industries. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 17800 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 14785 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 377407 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | COMPUTER EQUIPMENT | 1 | 21347 | FMV |
| X | Plane Equipment | 2 | 16000 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 3 | Marywood contracts with Chartwells to provide food service to the University campus. | |
| Form 990, Part VI, Section A, line 6 | THE MEMBERS OF THE MARYWOOD UNIVERSITY CORPORATION ARE SIX MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY. ARTICLE I, SECTION 4 OF THE MARYWOOD UNIVERSITY BYLAWS STATES: "THE MEMBERS OF THE CORPORATION SHALL HAVE THE RIGHT, BY MAJORITY VOTE, TO ELECT TRUSTEES. THEY SHALL HAVE THE RIGHT OF APPROVAL, BY MAJORITY VOTE, OF ACTIONS OF THE BOARD OF TRUSTEES RELATING TO CHANGES IN INSTITUTIONAL PURPOSE AND PHILOSOPHY;APPOINTMENT OF THE PRESIDENT OF THE UNIVERSITY; ACQUISITION, DISPOSITION,ENCUMBRANCE, OR LEASE OF REAL PROPERTY OF THE INSTITUTION; CONSTRUCTION OF NEW BUILDINGS; DISSOLUTION, MERGER, OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION; AMENDMENTS TO THE BYLAWS; AND DISPOSITION OF PROPERTY UPON DISSOLUTION." | |
| Form 990, Part VI, Section A, line 7a | The President of the Congregation of Sisters Servants of the Immaculate Heart of Mary, Scranton, PA, and her councilors are Members of the Marywood University Corporation with certain reserved powers. Additional information is included in Article I, section 4 of the University's Bylaws. | |
| Form 990, Part VI, Section A, line 7b | Nominations are made by the Board of Trustees. The Members of the Marywood University shall have the right, by majority vote, to elect trustees. They shall have the right of approval, by majority vote, of actions of the Board of Trustees relating to changes in institutional purpose and philosophy; appointment of the President of the University; acquisition, disposition, encumbrance, or lease of real property of the institution; construction of new buildings; dissolution, merger, or consolidation of the institution with another corporation; amendments to the Bylaws; and disposition of property upon dissolution. For 2006 to 2010, the (six) Members of the Marywood University Corporation were Sister Mary Persico, President of the IHM Congregation Sister Mary Jo Gallagher, Vice President of the IHM Congregation Sister Kathryn Clauss, Councilor Sister Susan Hadzima, Councilor Barbara Jablonski, Councilor Amy Zychal, Councilor For 2010 to 2014, the (five) Members of the Marywood University Corporation are Sister Therese O'Rourke, President of the IHM Congregation Sister Ellen Carney, Vice President of the IHM Congregation Sister Rosemary Goulet, Councilor Sister Christine Koellhoffer, Councilor Sister Ellen Carney, Councilor | |
| Form 990, Part VI, Section B, line 11 | For the current fiscal year and going forward, Marywood University will submit the draft of the Form 990 to the Audit Committee for their approval. The Audit Committee will then report to the full Board that they have reviewed the Form 990 prior to its filing with the Internal Revenue Service. | |
| Form 990, Part VI, Section B, line 12c | Conflict of Interest forms are distributed at the annual meeting, in April, of the Board of Trustees. The Secretary of the University assures that a Conflict of Interest Statement is received from each member by the following July 1. The file of forms is kept in the office of the Secretary of the University. Article XIV of the University's Bylaws requires that the minutes of any meeting in which a trustee may have a conflict of interest must reflect that a disclosure of such conflict was made, and that the trustee having said conflict abstained from voting. | |
| Form 990, Part VI, Section B, line 15 | After performing due diligence in studying comparative salaries and other economic factors, an independent consulting firm recommends a salary amount for the President of the University to the Executive Officers of the Board of Trustees; this Committee of Executive Officers, after deliberation and consideration, approves the President's salary. The President of the University then sets the salaries of the Senior Administrative Officers, with approval of the Executive Officers of the Board. | |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest policy and financial statements available to governmental agencies who require them, and to the Executive Committee of the Board of Trustees. Moreover, the Financial Statements are made available through the NACUBO website and through the EMMA system, as required by certain bond documents. | |
| Schedule G, Part I, Line 2b, Column (v) | The University paid Ruffalo Cody to act as our Annual Fund phonathon agents during FY 2009-2010. As such, Ruffalo Cody contacted alumni, parents, and friends of the University soliciting pledges of financial support of our institutional mission. In particular, they sought gifts in support for the Marywood Scholarship Fund to provide resources to underwrite financial aid and scholarship awards made by the University to deserving students. In the course of their work, Ruffalo Cody advised these supporters of new and exciting changes to programs and facilities at Marywood. In addition, they obtained information concerning changes to biographic and demographic information of the individuals called. Ruffalo Cody acted strictly in the role of our agent in securing pledges of support. The processing of all pledge payments and credit card transactions were handled by University employees. | Explanation of Fundraising Payments |
| Form 990, Part VII: | Certain Officers ARE NOT DIRECTLY COMPENSATED BY THE UNIVERSITY. THE UNIVERSITY PAYS THE CONGREGATION OF THE SISTERS, SERVANTS OF IMMACULATE HEART OF MARY ("IHM") ON BEHALF OF SISTER ANNE MUNLEY, PRESIDENT AND SISTER DOLORES FILICKO, SECRETARY. MARYWOOD UNIVERSITY PAid IHM $242,096 ON BEHALF OF SISTER ANNE MUNLEY for HER ROLE AS PRESIDENT AND $64,977 ON BEHALF OF SISTER DOLORES FILICKO for her rold as Secretary. | |
| Schedule K, Part IV, Line 4: | The debt service reserve funds were invested in a GIC. The GIC's were terminated due to a downgrade in AIG's investment rating on September 16, 2008. The debt service reserve fund's were subsequently re-invested in certificate's of deposit with M&T Bank. | |
| Schedule K, Part IV, Line 6: | The proceeds were invested in SLUGS, which earned less than the bond issue interest rate, and therefore no arbitrage was earned. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | EINEIN |
|---|---|---|---|---|---|---|---|---|---|
| Congregation of the Sisters Servants of the Immaculate Heart | |||||||||
| IHM Center 2300 Adams Avenue | Scranton | PA | 18509 | Religious | PA | 501(c)(3) | 1 | N/A | |
| Marywood Aviation | |||||||||
| 2300 Adams Ave | Scranton | PA | 18509 | Aviation Education | PA | 271573065 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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