2011-05-13T10:03:17-07:00 2010-06-30 990 2009-07-01 340714689 NOTRE DAME COLLEGE NOTR 2163811680 4545 College Road South Euclid OH 44121 John Phillips 2163735308 2011-05-13 2009 2016-02-24 21:20:13Z Dr Andrew Roth 4545 College Road South Euclid OH 44121 44746607 0 0928 X www.notredamecollege.edu X 1922 OH Higher Education: Notre Dame College, a Catholic institution in the tradition of the Sisters of Notre Dame, educates a diverse population in the liberal arts for personal, professional, and global responsibility. Notre Dame College provides a career-oriented education to approximately 2,100 students taught by faculty trained in over 30 different academic disciplines including a nationally accredited education program and business and science majors. 27 25 1189 14 0 0 743978 1555483 27707979 34948369 26725 254299 150508 76591 28629190 36834742 8636504 11546522 0 0 10415394 11603191 0 0 531420 10420126 12620987 29472024 35770700 -842834 1064042 39460418 40138867 25444510 25787573 14015908 14351294 Notre Dame College, a Catholic institution in the tradition of the Sisters of Notre Dame, educates a diverse population in the liberal arts for personal, professional, and global responsibility. 0 0 33103145 11546522 35024960 Higher Education: Notre Dame College provides instruction and related auxiliary services to approximately 2,100 enrolled students during the academic year. As a non-profit educational institution, the college employs a regular faculty and maintains an up-to-date curriculum. 0 0 0 33103145 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2958 0 1 1189 1 0 0 0 0 0 1 1 0 0 0 27 25 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X John C Phillips VP of Finance 2163811680 4545 College Road South Euclid OH 44121 Jessie O' Neill Arose 1 X 0 0 0 Taesun Cha 1 X 0 0 0 Marilyn Cunin 1 X 0 0 0 Kathleen B Burke 1 X 0 0 0 Mac M Donley 1 X 0 0 0 Diane Roman Fusco 1 X 0 0 0 Sr Jacquelyn Gusdane SND 1 X 0 0 0 Sherilyn D Hribar 1 X 0 0 0 Richard C Landel 1 X 0 0 0 Sr Mary Cecilia Liberatore SND 1 X 0 0 0 Samuel H Miller 1 X 0 0 0 Michael R Shaughnessy 1 X 0 0 0 The Honorable Georgine Welo 1 X 0 0 0 Diana S de la Rosa-Miklic 1 X 0 0 0 M Joan McCarthy 1 X 0 0 0 John E Kleinhenz PhD 1 X 0 0 0 James P Marra 1 X 0 0 0 Sr Virginia Reesing SND 1 X 0 0 0 Fatima L Weathers EdD 1 X 0 0 0 Sr Beth Anne Tercek SND 1 X 0 0 0 Sr Mary Antoinette Dershaw SND 1 X 0 0 0 JW Sean Dorsey 1 X 0 0 0 Richard Garcia 1 X 0 0 0 Ann Hawkins 1 X 0 0 0 Sanjiv K Kapur 1 X 0 0 0 Sr Michelle Marie Kelly SND 1 X 0 0 0 Andrew Roth PhD 40 X 282676 0 16954 John Phillips 40 X 90820 0 31464 Karen Poelking 40 X 79511 0 5014 David Armstrong 40 X 85791 0 2178 Mary Breckenridge 40 X 99881 0 2800 Myrtle Muntz 40 X 43750 0 0 Diane Jedlicka 40 X 105116 0 7873 787545 0 66283 2 0 1 0 Donley's Incorporated 5430 Warner Road Cleveland OH 44125 Design/Build/Construction 7233253 Normandy Catering 30310 Palisades Parkway Wickliffe OH 44092 Food Service 1690630 Adventures in Automation LLC 7515 Avon Lane Chesterland OH 44026 IT Services 291169 All For You Janitorial Incorporated 4405 Florida Street Perry OH 44081 Janitorial Services 323025 Learning House Incorporated 333 Guthrie Street Suite 200 Louisville KY 40202 Online Course Management 282750 17 0 0 91315 0 210283 1253885 3187 1555483 Tuition and Fees 900099 29961008 29961008 0 0 Auxiliary Operations 900099 4987361 4987361 0 0 0 0 0 0 34948369 124116 0 0 124116 0 0 0 0 0 0 0 0 0 0 7994449 0 7864266 0 130183 0 130183 0 0 130183 47599 91315 47599 0 0 0 0 Miscellaneous Revenue 900099 76591 76591 0 0 0 0 0 0 76591 36834742 35024960 0 254299 0 0 11546522 11546522 0 0 0 0 762551 185202 416711 160638 0 0 0 0 9005912 8313036 561061 131815 8800 8715 42 43 1065906 997248 47890 20768 760022 663387 73988 22647 0 0 0 0 86536 50 86486 0 69710 0 69710 0 0 0 0 0 0 0 34584 0 34584 0 585810 540478 16184 29148 625627 600621 558 24448 1358381 1252386 72627 33368 884254 801505 62609 20140 1748782 1573455 157877 17450 762244 737910 20445 3889 0 0 0 0 169560 103474 57653 8433 805017 801422 2720 875 0 0 0 0 1600842 1444291 118449 38102 211389 27279 184110 0 Contract Services 2599785 2504685 87704 7396 Bad Debt Expense 350000 350000 0 0 Dues and Memberships 140106 117215 19588 3303 Maintenance Equipment 114774 104837 8519 1418 Recruitment and Retention 76796 76796 0 0 396790 352631 36620 7539 35770700 33103145 2136135 531420 7327 1055 5015682 2113291 87722 349160 270653 846290 0 0 0 0 0 0 0 0 466804 486692 49002940 19723986 18688730 29278954 6186305 6611610 323096 310614 0 0 8414099 141201 39460418 40138867 1459060 1303274 707313 546512 20000000 20000000 0 0 0 0 137255 128087 0 0 3140882 3809700 25444510 25787573 X 7323760 7135931 776053 1267121 5916095 5948242 14015908 14351294 39460418 40138867 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6186305 104807 706702 250000 136204 0 6611610 7689424 40835 -1223142 250000 70812 0 6186305 0.02 0.88 0.1 1 0 0 3200000 3200000 0 35682914 13104272 22578642 0 36359 8580 27779 0 7587156 5668318 1918838 0 2496511 942816 1553695 29278954 Perkins Loans 310614 C 310614 Beneficial Interest in Unitrust 96098 Interest Receivable-Student Loans 45103 141201 0 Life Income Annuity Obligations 28624 Refundable Loan Program 376543 Capital Lease Obligations 365558 Fair Value of Interest Rate Swap 3038975 3809700 36834742 35770700 1064042 452999 0 0 0 -1181655 -728656 335386 24248152 452999 0 0 -1143067 -690068 24938220 0 11896522 11896522 36834742 23912766 0 0 0 38588 38588 23874178 0 11896522 11896522 35770700 SchD_P05_S00_L03ai Schedule D, Part V, Line 3a(i) The College is the beneficiary of a charitable remainder unitrust which is held in trust by an outside organization. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment is used primarily to fund scholarships. Spending of the College's endowment funds is appropriated on an annual basis through specific committees of the Board of Directors and then approved by the Board. The College has adopted a policy of spending 5% of a three year moving market value average of its endowment funds. SchD_P10_S00_L00 Schedule D, Part X The College is a non-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities. The College recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the College, the continued tax-exempt status of bonds issued by the College and various positions related to potential sources of unrelated taxable income. The College believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. As of June 30, 2010, the College's income tax years from 2006 and thereafter remain subject to examination by the Internal Revenue Service, as well as various state and local taxing authorities. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in fair value of the interest rate swap equals -$1,179,365. Change in value of beneficial interest in unitrust and life income annuities equals -$2,290. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in fair value of interest rate swap equals -$1,179,365. Change in value of beneficial interest in unitrust and life income annuities equals -$2,290. Direct expenses of special event equals $38,588. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships to students which was netted with revenue on financial statements equals $11,546,522. Bad debt expense which was netted with revenue on financial statements equals $350,000. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct expenses of special event equals $38,588. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships to students which was netted with revenue on financial statements equals $11,546,522. Bad debt expense which was netted with revenue on financial statements equals $350,000. 1 1 1 Notre Dame College annually publishes a notice of its racially non-discriminatory policy in the newspaper which serves the general community. Notre Dame College has been recognized by U.S. News & World Report as the most diverse comprehensive college in Ohio. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Notre Dame College receives federal financial assistance through the following programs: the U.S. Department of Education Federal Pell Grant Program, the Federal Supplemental Education Opportunity Grant Program, the Federal Work Study Program, the Federal Perkins Loan Program, the Academic Competitiveness Program, the Science and Mathematics Access to Retain Talent Grant Program, the Federal Teach Grant Program, and the Federal Family Education Loan Program. 1 2010 Medal Dinner 95000 56412 38588 0 0 0 11329 3115 24144 2009 Golf Outing 43914 34903 9011 0 0 6688 1153 0 1170 0 138914 91315 47599 0 0 6688 12482 3115 25314 47599 0 1 Scholarships for students attending Notre Dame College. 1126 11546522 0 not applicable not applicable SchI_P01_S00_L02 Schedule I, Part I, Line 2 The College's financial aid, development, and business offices together are responsible for monitoring the use of grant funds. Three different offices are involved in this process for adequate checks and balances. The financial aid office verifies student eligibility for grants and awards the grant funds. The development office closely monitors the restrictions placed on grant funds from third parties. The development office ensures that the grantees selected by the financial aid office fulfill throughout the semester the restrictions of these grants. The development office uses internal reports provided by the financial aid office to assist with this process. These internal reports provide basic data on student eligibility, such as major, GPA, and extracurricular activities. The development office reports back to the appropriate grantors concerning the use of the grant funds. The business office posts the disbursement of the grant funds to the general ledger upon receiving confirmation from the financial aid and development offices. All grant information is kept on a secure database. This includes the names of the students receiving grants, the amounts of the grants, the criteria used to award grants, and the applicable semester and academic year. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Andrew Roth PhD 216335 0 0 0 66341 0 6717 0 13781 0 303174 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College provides nontaxable reimbursement of spousal travel expenses and social membership and related reasonable entertainment expenses in connection with the duties of president of the college. The College requires substantiation of the business purpose prior to reimbursement. The College provides a taxable housing allowance and a taxable automobile allowance for the college president, which are reported as compensation on the president's W-2. The College provides a personal residence for the Vice President of Academic Affairs. This nontaxable benefit is required as a condition of employment, is located on the business premises of the college, and is given for the convenience of the employer. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 A bonus was provided to an officer of the college with the amount determined solely by Dr.Roth, the president of the college. Ohio Higher Educational Facility Commission 346849674 67756BWS5 2008-08-21 20000000 See schedule O 0 0 20000000 845586 0 0 399960 0 15382159 2009 1 0 1 1 0 0 1 0 1 0.019 0 0.019 1 0 1 1 Banc of America Securities 30 0 0 1 Donley's Incorporated Entity of which Mac Donley, a current board member, is president/CEO 2650644 Construction and construction management services 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The members of the Corporation are the Provincial Superior of the Congregation of the Sisters of Notre Dame, Chardon Province, Cleveland, Ohio, and the Council to the Provincial Superior. See the explanation for question 7b for the powers reserved to the Members. All other powers and authority for the conduct and management of the affairs of the College are delegated and transferred to the Board of Directors. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The members of the Corporation are the Provincial Superior of the Congregation of the Sisters of Notre Dame, Chardon Province, Cleveland, Ohio,and the Council to the Provincial Superior. Approval of the members is required: a. To make any changes in the mission of the College Corporation as defined by the Sisters of Notre Dame. b. To sell, mortgage, purchase, lease, or convey or otherwise dispose of the Corporation's personal property (having a value in excess of $100,000) and all of the corporation's real property. c. To amend the Articles of Incorporation and to change the Bylaws. d. To make loans exceeding $500,000 in the aggregate at any one time. e. To approve the selection of candidates to be interviewed for the office of president of the College, following the presentation the of the names and curriculum vitae of such proposed candidates for the office. Each member of the corporation has one vote with a quorum being one less than the total number of members. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The 990 is internally prepared under the Vice President of Finance with review by the President of the college. A detailed review is conducted by the outside tax professional from the audit firm of the college. Following this review, the audit committee of the board is delegated the responsibility of completing a detailed review of the 990. This review typically takes place in May. The audit committee then makes a recommendation to the full board concerning acceptance of the 990. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers the directors and officers of the College. The directors and officers complete a statement once a year to disclose any potential conflicts of interest. Any potential conflicts of interest are reviewed by the Executive Committee of the board and the President of the College. A director or an officer with a conflict of interest is prohibited from voting on any matter that deals with the conflict and from participating in any decisions that relate to the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation package for the president of the College is a multi-year contract consisting of three 3 year terms. The contract is established based on comparability data of presidents at similarly sized colleges and review by the executive committee of the board of directors. This process was last undertaken in 2007 with a contract expiration date of the first three year term of June 30, 2010. The compensation of other officers of the College is established by the president annually with review by the board as part of the annual budget process. As a small college with limited resources, the compensation level of other officers do not rise to a level to necessitate comparability data. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 No documents available to the public. SchK_P01_S00_L00 Schedule K, Part I The twelve month period for the bond issue is November 2009 through November 2010. SchK_P01_S00_L00f Schedule K, Part I, Column f $3,372,295 used to refund prior debt (issue date 6/5/08), including a refinanced National City Bank note of $2,088,623 for facility and land improvements and $1,283,672 used for student housing and facility improvements. Of the $16,627,705 of nonrefunding proceeds, $399,960 was designated for bond issuance costs, $845,586 was allocated to a bond reserve fund, and $15,382,159 for facility construction.