2011-05-13T13:40:44-05:00 2010-06-30 PARENTEBEARD LLC 400 MARKET STREET WILLIAMSPORT PA 17701 990 2009-07-01 231365966 ROSEMONT COLLEGE ROSE 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 MARY BETH TSIKALAS CPA 6105270200 2011-05-11 1 5703236023 2009 2016-02-24 21:20:13Z MARY BETH TSIKALAS CPA 1400 MONTGOMERY AVENUE ROSEMONT PA 190101699 30851086 0 X www.rosemont.edu X 1921 PA Rosemont College is a community of learners dedicated to excellence & joy in pursuit of knowledge. 25 25 609 3 0 0 8104929 4249636 16174243 19035715 -245565 416984 140232 165834 24173839 23868169 4925473 6283640 0 8933207 9221318 179042 197359 547811 6348054 6833112 20385776 22535429 3788063 1332740 31133187 32995304 12381542 12231962 18751645 20763342 Rosemont College is a community of learners dedicated to excellence and joy in the pursuit of knowledge. Rosemont College seeks to develop in all members of the community open and critical minds, as well as the ability to make reasoned moral decisions. Rooted in Catholicism, and guided by the educational principles of Cornelia Connelly and the Society of the Holy Child Jesus, Rosemont College values: trust in and reverence for the dignity of each person, diversity in human culture and experience, and persistence and courage in promoting justice with compassion. 0 0 15381785 6283640 19035715 Rosemont College was founded in 1921 and is located in suburban Philadelphia. Total student enrollment is 903 with a student teacher ratio of 10:1 and an average class size of 12. There are three schools: the Undergraduate College, the School of Graduate Studies, and the School of Professional Studies. The Undergraduate College offers a number of majors and academic programs, awarding Bachelor of Arts, Bachelor of Fine Arts, and Bachelor of Science degrees. Each program offers an in-depth study of a particular subject area as well as a breadth of study in the liberal arts. The School of Graduate Studies offers graduate programs that award the Master of Business Administration, Master of Science in Business, Master of Arts, Master of Fine Arts, and the Master of Education degrees. The School of Professional Studies offers accelerated degree programs, certificates, and corporate training. The academic focus of the accelerated degree programs is on relevant and practical knowledge and techniques. Small class size and a seminar atmosphere complement the learning experience.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS. THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF $5,589,067. 15381785 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 1 609 1 0 0 0 0 0 1 1 0 0 0 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARY BETH TSIKALAS CPA 6105270200 1400 MONTGOMERY AVENUE ROSEMONT PA 19010 Sharon Hirsh 50.00 X X X 204298 0 17490 judith Wilkinson 1.00 X X 0 0 0 HELEN McDonald 1.00 X X 0 0 0 SHARON CLARK 1.00 X X 0 0 0 PATRICIA Phillips 1.00 X X 0 0 0 PATRICIA BROWN 1.00 X 0 0 0 CATHERINE COQUILLARD 1.00 X 0 0 0 SEAN H FITZPATRICK 1.00 X 0 0 0 ANN DURNEY GANNON 1.00 X 0 0 0 RICHARD E GESCHKE ESQ 1.00 X 0 0 0 MAHER S KHAN MD 1.00 X 0 0 0 CAROL ANN KNIght SHCJ 1.00 X 0 0 0 SANdra Lincoln SHCJ PhD 1.00 X 0 0 0 DAVID J LOGAN 1.00 X 0 0 0 CLARE F MACKIE 1.00 X 0 0 0 ANN MARSHALL 1.00 X 0 0 0 ROBERT J MASSA 1.00 X 0 0 0 EILEEN MCDEVITT SHCJ 1.00 X 0 0 0 MARRIANNCE MCGONICLE 1.00 X 0 0 0 PATRICIA A PILIA PHD 1.00 X 0 0 0 MARGO B POLETT 1.00 X 0 0 0 SCOTT REIDENBACH ESQ 1.00 X 0 0 0 KATHLEEN M ROTONDARO 1.00 X 0 0 0 MARCIA SICHOL SHCJ 1.00 X 0 0 0 MARY SUSNJARA 1.00 X 0 0 0 WILLIAM WERMUTH 1.00 X 0 0 0 VERONICA AHERN 1.00 X 0 0 0 MARION L DAILEY 1.00 X 0 0 0 ELIZABETH FITZMAURICE SHCJ 1.00 X 0 0 0 MARGARENT S HEALY 1.00 X 0 0 0 PAULINE MCSHAIN SHCJ 1.00 X 0 0 0 MARGARET MARY SHERRY 1.00 X 0 0 0 204298 0 17490 1 0 1 0 PARKHURST DINING SERVICES 285 E WATERFRONT DRIVE HOMESTEAD PA 15120 FOOD SERVICE 866792 ARAMARK MANAGEMENT SERVICE LP 1101 Market Street PHILADELPHIA PA 19107 FACILITIES MANAGEMENT 404820 NORTH CHARLES STREET DESIGN ORGANIZATION 222 W SARATOGA STREET BALTIMORE MD 21201 PUBLIC RELATIONS, MARKETING 288901 AVI FOOD SYSTEMS 2590 ELM ROAD NE WARREN OH 44483 FOOD SERVICE 201844 Ketchum Inc 5151 Belt Line Rd 900 DALLAS TX 75254 FUNDRAISING CONSULTING 152403 8 33400 191738 4024498 709351 4249636 STUDENT TUITION AND FE 611710 16088608 16088608 ROOM AND BOARD 721310 2947107 2947107 19035715 151592 151592 564053 572702 -8649 -8649 -8649 6622368 6356976 265392 265392 265392 72835 33400 53239 19596 19596 SPECIAL PROJECTS - JAP 900099 58185 58185 Miscellaneous 900099 55531 55531 BOOKSTORE, LAUNDRY & V 722210 34297 34297 6874 6874 154887 23868169 19035715 0 582818 6100 6100 6277540 6277540 221788 221788 7033217 5992170 821002 220045 269085 222784 38120 8181 1085437 913148 138756 33533 611791 506521 86669 18601 39916 39916 90795 90795 197359 197359 55765 55765 512675 24359 488316 582699 3239 579460 1154111 348808 791716 13587 287867 121776 166091 1714105 155101 1559004 65329 41703 18763 4863 95234 15739 31093 48402 268756 267422 1334 298112 298112 Food Service 713713 713713 Bad Debt 371120 371120 Other Program Costs 222149 117470 104679 Memberships 110086 39673 70413 ATHLETICS 57100 57100 193580 49344 140996 3240 22535429 15381785 6605833 547811 1767 1734 1399928 1934058 2012130 2385150 594432 970168 792194 645693 264392 207415 32151390 18787716 13744726 13363674 6267678 12203129 4768973 1286967 1284283 31133187 32995304 1794482 1502677 360503 641520 5524019 5323153 3999285 4144642 703253 619970 12381542 12231962 X 1383380 2439385 4825104 4527271 12543161 13796686 18751645 20763342 31133187 32995304 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11523870 1107571 1095385 430162 697932 12598732 8370124 4245928 -892182 200000 11523870 1.00000 0 0 298606 298606 24900807 12183680 12717127 6419946 6279437 140509 532031 324599 207432 13363674 Refundable Advances from Federal Government for Student Loans 552127 Capital Lease obligation 67843 619970 23868169 22535429 1332740 678401 556 678957 2011697 19584000 678401 -5588511 -4910110 24494110 -625941 -625941 23868169 17572303 625941 625941 16946362 5589067 5589067 22535429 Part V, Line 4: Description of Intended Use of Endowment Funds: The college's endowment fund consists of approximately 60 individual funds established for a variety of purposes. It includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. The college 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. Part X: Description of Uncertain Tax Positions Under FIN 48: The college accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management has determined that there were no tax uncertainties that met the recognition threshold in 2010. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 556. Part XII, Line 2d - Other Adjustments: FINANCIAL ASSISTANCE: -5589067. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 556. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES: -572702. Fundraising Expenses: -53239. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 572702. Fundraising Expenses: 53239. Part XIII, Line 4b - Other Adjustments: FINANCIAL ASSISTANCE: 5589067. 1 1 1 Each media publication and solicitation contains a statement of Rosemont College's nondiscriminatory policy. Course catalogs distributed during registration periods contain a similar statement. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 GOVERNMENT GRANTS WERE RECEIVED DURING THE YEAR AND INCLUDE THE FOLLOWING:FEDERAL - COLLEGE WORK STUDY, CONGRESSIONAL GRANT, MATH & SCIENCE, GLOBAL CURRICULUM AND TITLE III.STATE - PENNSYLVANIA IAG GRANT, HIGHER ED INCENTIVE GRANT, INSTRUCTIONAL EQUIPMENT GRANT AND COLLEGE WORK STUDY. 1 X X X X X X X 1 Pacesetter Solicitation mail, e-mail, social networking & PURLS 0 298456 44956 298456 Ketchum Fundraising advising 0 0 152403 0 298456 197359 298456 PA Cresset Dinner 106235 33400 72835 4500 31632 17107 106235 33400 72835 4500 31632 17107 53239 19596 1 THE FOUNDATION FOR COMMUNITY SERVICE C/O THE SHIPLEY SCHOOL 814 YARROW ST BRYN MAWR PA 19010 501(C)(3) 6100 0 CASH N/A Annual donation to support township services 1 0 FINANCIAL ASSISTANCE & SCHOLARSHIPS 549 6277540 0 CASH N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All students applying for federal funds are required to submit the Free Application for Federal Student Aid ("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 Dept. of Ed., the aid office awards the student the appropriate funding. Student files regarding eligibility are maintained by the student financial aid office. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sharon Hirsh 167272 0 0 0 37026 0 0 0 17490 0 221788 0 0 0 Part I, Line 1a The president receives an annual housing allowance of $30,000 and is required to reside in or near Rosemont, PA. The allowance is included in the president's taxable income. Pennsylvania Higher Educational Facilities Authority 232243852 70917NP24 2004-12-01 6300000 renovate student housing facilities, fund capital expenditures 0 0 6359850 3800000 200854 2358996 2006 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 X 4 709351 FMV 2 0 1 1 Third Party Use: Part I, Line 32b: Stock donations are transferred to a stock donation account in the name of the college. The stocks are then sold and the proceeds are transferred to the college's cash account. Form 990, Part VI, Section B, line 11 Before it was finalized, the 990 was loaded onto the college's intranet for review by the members of the board of trustees. Form 990, Part VI, Section B, line 12c The members of the board of trustees are required to annually disclose to the board chair any conflicts or potential conflicts of interest. Faculty, administration, and staff are required to disclose any conflicts or potential conflicts of interest to their dean or supervisor. Violations of the policy are handled in accordance with the college's documented disciplinary procedures. Form 990, Part VI, Section B, line 15 The College's salaries, for all positions, are not competitive with other colleges and universities in the region, resulting in a higher-than-desired turnover rate, and a rate that is also higher than industry-specific turnover averages. For several years, a 2 or 3% across the board salary increase was issued, with the exception of 08/09, with the poor economic climate, no salary increases were provided. In 09/10, a 2% across-the-board salary increase was provided. Concerning key employees, the board reviewed national salary averages for Presidents at religious colleges/universities, based on both enrollment and the size of the budget, as they had done in the past, and confirmed that the President's salary was significantly below that average, which is even lower than regional data. However, at that time they decided to only issue the 2% increase, due to budget-related concerns. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES IT GOVERNING DOCUEMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.