2011-01-25T11:52:31-06:00 2010-06-30 DELOITTE TAX LLP 1111 BAGBY STE 4500 HOUSTON TX 77002 990 2009-07-01 205716703 UST REALTY COMPANY USTR 7135256960 3800 MONTROSE BOULEVARD HOUSTON TX 77006 JAMES M BOOTH 7135256960 2011-01-21 2011-01-25 2009 2016-02-24 21:20:13Z DR ROBERT IVANY 3800 MONTROSE BOULEVARD HOUSTON TX 77006 4677778 false X N/A X 2006 TX THE ORGANIZATION IS OPERATED FOR THE PURPOPSE OF PROVIDING SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL PROGRAMS. 3 0 0 0 1086000 1077626 2778316 3600009 4153 143 0 3868469 4677778 0 0 0 0 0 2450772 2367952 2450772 2367952 1417697 2309826 18195153 19521377 12157894 11174294 6037259 8347083 THE ORGANIZATION IS OPERATED FOR THE PURPOPSE OF PROVIDING SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL PROGRAMS. false false 2367952 3600009 THE ORGANIZATION HOLDS COMMERCIAL AND RETAIL REAL ESTATE WHICH GENERATES FUNDS TO PROVIDE SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL MISSION. 2367952 true true false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 12 0 0 false false false false false false false false false true true false 3 0 false true false false true false false true true false false true true true true false false true true false X KAREN S BURNS 7135252124 3800 MONTROSE BLVD HOUSTON TX 77006 X DR ROBERT IVANY 1.00 X X 0 295798 18630 JAMES M BOOTH 5.00 X X 0 175238 23961 GARY W MCCORMACK 1.00 X X 0 172199 28543 643235 71134 false true false TENAX GROUP INC 4200 MONTROSE BLVD SUITE 500 HOUSTON TX 77006 MANAGEMENT SVCS 389047 ABM JANITORIAL SERVICES SOUTH CENTRAL INC PO BOX 951864 DALLAS TX 75395 CUSTODIAL SVCS 112433 2 1077626 1077626 PROGRAM SERVICE REVENUE 900099 3600009 3600009 3600009 143 143 4677778 3600009 143 101075 101075 28515 28515 13500 13500 294514 294514 12375 12375 1206439 1206439 298 298 163 163 155198 155198 427286 427286 48888 48888 OTHER EXPENSE 79701 79701 2367952 2367952 0 0 67792 204919 971817 2582459 5000 20587 14138 17927000 1207139 17129957 16719861 18195153 19521377 462391 574597 41405 25225 11654098 10574472 12157894 11174294 X 6037259 8347083 6037259 8347083 18195153 19521377 X false true true X false X X X false false false UNIVERSITY OF ST THOMAS 741277664 2 true true true 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 4859945 4859945 12982607 1207139 11775468 84448 84448 16719861 4677778 2367952 2309826 2309826 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV FROM THE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-UNIVERSITY OF ST. THOMAS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2010 AND 2009, AND THE INDEPENDENT AUDITOR'S REPORT: TAX STATUS - THE UNIVERSITY HAS RECEIVED FROM THE INTERNAL REVENUE SERVICE A DETERMINATION LETTER OF EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR SUCH TAXES. UST REALTY COMPANY HAS THE SAME TAX STATUS, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES. ACCOUNTING STANDARDS REQUIRE THAT THE UNIVERSITY RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND THE DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. false false false false false false false false false DR ROBERT IVANY 259798 36000 18082 548 314428 JAMES M BOOTH 175238 11232 12729 199199 GARY W MCCORMACK 172199 11488 17055 200742 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III FORM 990, SCHEDULE J, PART I, LINE 3 - CEO COMPENSATION THE PRESIDENT OF THIS ORGANIZATION WAS COMPENSATED BY A RELATED ORGANIZATION THAT UTILIZED A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, AND BOARD APPROVAL TO DETERMINE EXECUTIVE COMPENSATION THAT WAS PAID IN ACCORDANCE WITH A WRITTEN EMPLOYMENT CONTRACT. MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 MANAGEMENT OF THE REAL ESTATE PROPERTIES IS PERFORMED BY TENAX GROUP, INC. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE UNIVERSITY OF ST. THOMAS ELECTS THE MEMBERS OF UST REALTY'S GOVERNING BODY, APPROVES SIGNIFICANT DECISIONS OF THE GOVERNING BODY, AND WOULD RECEIVE ALL OF THE ORGANIZATION'S PROFITS AND NET ASSETS UPON DISSOLUTION. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 THE FORM 990 WAS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE OF THE UNIVERSITY OF ST. THOMAS PRIOR TO ITS FILING WITH THE IRS. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE METHODOLOGY FOR THIS REVIEW FOLLOWS THE PROCEDURE USED FOR THE ANNUAL REVIEW OF THE AUDITED FINANCIAL STATEMENTS PRIOR TO THEIR RELEASE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE UST REALTY COMPANY CONFLICT OF INTEREST POLICY DEFINES THE METHOD FOR MONITORING AND ENFORCEMENT OF THE POLICY. ANNUAL AFFIRMATIONS ARE MADE BY THE BOARD MEMBERS/OFFICERS AND ANY CONFLICTS MUST BE SUFFICIENTLY EXPLAINED. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE VICE PRESIDENT/SECRETARY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A NO COMPENSATION WAS PAID DIRECTLY BY THE FILING ORGANIZATION TO ITS TOP OFFICIAL. COMPENSATION PAID BY A RELATED ORGANIZATION AS REFLECTED IN PART VII, LINE 1, COLUMN (E) WAS DETERMINED AS FOLLOWS: IN DETERMINING THE COMPENSATION FOR THE UNIVERSITY'S PRESIDENT, THE BOARD OF DIRECTORS REVIEWS COMPARABILITY DATA FROM UNIVERSITY-FOCUSED SALARY REVIEWS TO DETERMINE THE HIRING SALARY. ALL SALARY INCREASES OR CHANGES TO COMPENSATION AFTER HIRING OF THE PRESIDENT ARE APPROVED BY THE BOARD OF DIRECTORS. ANY BOARD MEETING THAT HAS SUCH DISCUSSIONS ARE DOCUMENTED VIA THE OFFICIAL BOARD MEETING MINUTES. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B NO COMPENSATION WAS PAID DIRECTLY BY THE FILING ORGANIZATION TO ITS OFFICERS. COMPENSATION PAID BY A RELATED ORGANIZATION AS REFLECTED IN PART VII, LINE 1, COLUMN (E) WAS DETERMINED AS FOLLOWS: THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE VICE PRESIDENT, MARKET CONDITIONS, AND INDUSTRY STANDARDS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE TEXAS SECRETARY OF STATE. ALL OTHER DOCUMENTS ARE NOT MADE PUBLICLY AVAILABLE. UNIVERSITY OF ST THOMAS 3800 MONTROSE BOULEVARD HOUSTON TX 77006 741277664 EDUCATION TX 501 2 NA false false false false false false false false false false false false false false true true false true UNIVERSITY OF ST THOMAS P 5000 UNIVERSITY OF ST THOMAS O 25798 UNIVERSITY OF ST THOMAS R 33100