2011-04-18T15:52:23-05:00 2010-05-31 RSM McGladrey Inc One South Wacker Drive Suite 800 Chicago IL 606063392 990 2009-06-01 362170999 University of St Francis UNIV 8157403372 500 Wilcox Street Joliet IL 60435 Robert Tenuta 8157403372 2011-04-18 1 Zack Fortsch 3126343400 2009 2016-02-24 21:20:13Z Robert Tenuta 500 Wilcox Street Joliet IL 60435 66231433 0 X www.StFrancis.edu X 1920 IL Higher Learning (Post Secondary Education) 35 35 1295 0 0 0 2878191 2442964 45806036 47518019 -334381 882073 764133 805659 49113979 51648715 12042224 13453957 0 24679260 24371642 0 1231089 14795038 13403150 51516522 51228749 -2402543 419966 68737784 68724610 40973879 40026590 27763905 28698020 As a Catholic university rooted in the liberal arts, we are a welcoming community of learners challenged by Franciscan values and charism, engaged in a continuous pursuit of knowledge, faith, wisdom, and justice, and ever mindful of a tradition that emphasizes reverence for creation, compassion and peacemaking. We strive for academic excellence in all programs, preparing women and men to contribute to the world through service and leadership. 0 0 17049597 13453957 44603477 InstructionThe Catholic, Franciscan university offers 41 baccalaureate programs including 4 degree completion majors, 17 master's level programs (onsite and online classes) 8 graduate certificates and 1 doctoral program.In FY10 served full-time equivalent (FTE) enrollment of 1,235 traditional undergraduates (UG), 204 degree completion (DC), and 2,341 graduate (GR) students.IN FY10, a total of 928 degrees and certificates were awarded (404 undergraduate, 523 graduate, and 1 post-master's certificate.) 5350825 Student ServicesFinancial aid, athletics, Student Government Association (SGA) clubs, career planning and placement, health services, counseling, support for students with disabilities, Campus Ministry.In FY10 97% of traditional undergraduate students and 100% of incoming freshmen (FR) receive some form of financial aid.In FY10 370 student athletes participated in baseball, basketball, football, golf, soccer, softball, spiritline, tennis, volleyball, track, and cross country. 3533658 2914542 Auxiliary EnterprisesIn Fall 2009, 370 students filled student housing to 95% capacity. 20193156 116251 Academic SupportLibrary, Academic Resource Center, Student Computer Labs, Fine Arts Performance Series, Art GalleryThe library's collection included 134,400 books and other paper materials, 15,002 current serial subscriptions, 1,767 microforms, and 4,605 audiovisual materials. 20193156 116251 46127236 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 1 0 1 0 0 0 0 1 0 0 0 0 112 0 1 1295 1 0 0 0 0 0 0 0 0 0 35 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Robert Tenuta 8157403372 500 Wilcox Street Joliet IL 60534 J Bradley Webb 8.00 X X 0 0 0 Robert J Baron 8.00 X 0 0 0 George Barr 8.00 X 0 0 0 Mark D Bass 8.00 X 0 0 0 LaVerne S Brown 8.00 X 0 0 0 Susan Bruno OSF 8.00 X 0 0 0 Frank G Cavazos 8.00 X 0 0 0 Nancy Rogina Clodi 8.00 X 0 0 0 Vincent F Cornelius 8.00 X 0 0 0 Robert F Filotto 8.00 X 0 0 0 Marisue Grabavoy 8.00 X 0 0 0 Margaret Eletta Guider OSF 8.00 X 0 0 0 Diane F Habiger 8.00 X 0 0 0 Rao H Kilaru MD 8.00 X 0 0 0 Cecily E Leach 8.00 X 0 0 0 Jean Lenz OSF 8.00 X 0 0 0 James B Lewis O Carm 8.00 X 0 0 0 Mary Rose Lieb OSF 8.00 X 0 0 0 John T Manner 8.00 X 0 0 0 Kathleen J McGowan 8.00 X 0 0 0 B Jean Roach 8.00 X 0 0 0 JD Ross 8.00 X 0 0 0 Joseph R Shankland 8.00 X 0 0 0 Paramjit Singh Sidhu 8.00 X 0 0 0 M Therese Southgate MD 8.00 X 0 0 0 Michael G Spinozzi 8.00 X 0 0 0 Faith Szambelanczyk OSF 8.00 X 0 0 0 Frank Turk Jr 8.00 X 0 0 0 Christopher J Ward 8.00 X 0 0 0 Patricia S Wheeler 8.00 X 0 0 0 Keith D Winfrey 8.00 X 0 0 0 Alice D Wirt 8.00 X 0 0 0 Lawrence Wyllie 8.00 X 0 0 0 Robert W Wysocki 8.00 X 0 0 0 Mary Jo Young OSF 8.00 X 0 0 0 Michael Vinciguerra Secretary 40.00 X 217858 0 25062 Robert Tenuta Treasurer 40.00 X 132331 0 17552 Frank Pascoe 40.00 X 138445 0 26928 Charles Beutel 40.00 X 109000 0 21948 William Biebuyck 40.00 X 144176 0 17653 Gerard Kickul 40.00 X 114750 0 16232 Lyle Hicks 40.00 X 110400 0 23742 966960 0 149117 17 0 1 0 Sodexo Inc & Affiliates 500 Wilcox Street Joliet IL 60435 Food Management Services 1418727 Henry Bros 9821 South 78th Avenue Hickory Hills IL 60457 General Contractor 495993 Ikon Office Solutions-IMS-1384 PO Box 198727 Atlanta GA 30384 Document Handling 328634 Peter Perella and Henry Brothers 9821 South 78th Avenue Hickory Hills IL 60457 Sub Contractor 216608 Excel Electric 24 Sangmeister Road Frankfort IL 60423 Sub Contractor 184853 8 224858 993587 1224519 323232 2442964 Tuition and Fees 611710 44603477 44603477 Residence Hall Revenue 611710 2914542 2914542 47518019 313439 313439 160140 160140 160140 160140 14899924 14331290 568634 568634 568634 251428 224858 251428 0 Training/Workshops 900099 193781 193781 Bookstore Revenue 900099 117318 117318 Athletic Camps 713940 116251 116251 218169 218169 645519 51648715 47634270 0 1571481 13453957 13453957 1026125 417436 441711 166978 19042529 16967143 1593289 482097 725746 648569 62080 15097 2262272 1917902 291141 53229 1314970 1219558 59207 36205 15553 15553 73353 73353 1595082 1364115 156060 74907 255945 98046 154197 3702 3669863 3096422 267952 305489 840384 705244 133571 1569 475502 452732 5561 17209 73246 64205 6603 2438 1679011 1649628 25185 4198 2572318 2300729 232791 38798 303884 232072 61248 10564 Rent 456448 456448 Licensing and Software 246684 176715 56628 13341 Memberships 181192 87498 91781 1913 Line of Credit Expense 135900 133522 2038 340 Auto/Vehicles Expense 119568 112367 6006 1195 709217 572928 134469 1820 51228749 46127236 3870424 1231089 7196 6720 5325484 8480032 701413 398789 4570975 5232934 1329559 1176416 235527 241072 62882650 22248346 41201114 40634304 12072049 9500202 3294467 3054141 68737784 68724610 3209860 2540883 4281376 4455889 29967364 28739252 81000 64800 3434279 4225766 40973879 40026590 X 17752977 18983382 4345765 3718837 5665163 5995801 27763905 28698020 68737784 68724610 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6659988 369185 235043 299246 6964970 7055140 269137 -396014 268275 6659988 0.86090 0.13910 0 0 4100000 9046821 13146821 38550781 13749398 24801383 8356185 6003965 2352220 2828863 2494983 333880 40634304 Refundable Government Loan Program 1052306 Interest Rate Swap 2733093 Capital Lease 440367 4225766 51648715 51228749 419966 514149 514149 934115 39935730 514149 251428 765577 39170153 12478562 12478562 51648715 39001615 251428 251428 38750187 12478562 12478562 51228749 Part V, Line 4: Description of Intended Use of Endowment Funds: The intended use of the organization's endowment funds are: Scholarships and awards, faculty development, payments to annuity recipients, and educational programs. Part X: Description of Uncertain Tax Positions Under FIN 48: The University has received a determination letter from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the University's statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Generally, years beginning after 2003 are still open to federal taxing jurisdictions. When and if applicable, potential interest and penalty costs are accrued as incurred, with expenses recognized in the appropriate functional expense category in the statements of activities. As of May 31, 2010 and 2009, and the years then ended the University had no tax positions which were highly uncertain and, therefore, had no tax liability recorded. Part XII, Line 2d - Other Adjustments: Special Event Expenses: 251428. Part XII, Line 4b - Other Adjustments: Scholarships: 12478562. Part XIII, Line 2d - Other Adjustments: Special Event Expenses: 251428. Part XIII, Line 4b - Other Adjustments: Scholarships: 12478562. 1 0 1 Included in catalog and in application for freshman and transfer admission 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University participates in various federal and state programs for financial aid to students and to the University itself. 1 Caritas 244407 74603 169804 169804 Annual Golf Outing 68330 48515 19815 19815 3 163549 101740 61809 61809 476286 224858 251428 251428 251428 0 1 Scholarships 1496 12679548 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Management of the University has controls in place to monitor the use of all grant funds. Each department is responsible for reviewing all amounts charged to grant account numbers in the general ledger. The Development and Financial Aid departments review overall use of scholarship and other grant funds to ensure that the recipients are eligible to receive the funds. Management reviews each department's reports of grant spending on a regular basis, and the Finance Committee and Board of Directors receive quarterly financial reporting packages for review as well. X 1 0 0 0 0 0 0 0 0 0 0 Michael Vinciguerra Secretary 217858 0 0 0 0 0 14410 0 10652 0 242920 0 0 0 Frank Pascoe 138445 0 0 0 0 0 14500 0 12428 0 165373 0 0 0 William Biebuyck 130874 0 0 0 13302 0 7001 0 10652 0 161829 0 0 0 Part I, Line 1a William Biebuyck, VP for Institutional Advancement, received a housing allowance valued at $13,302 included in his 2009 Form W-2. The County of Will Illinois 366006672 968680AB4 2005-04-07 17000000 See Sch. O 0 0 The County of Will Illinois 366006672 968680AC2 2007-12-07 14000000 See Sch. O 0 0 17000000 237653 16762347 2006 1 0 1 1 14000000 228870 13771130 2008 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 Brent Wagner Son-in-Law of Trustee John Manner 29000 Brent Wagner is a broker with Brown & Brown Insurance, an insurance company the University uses. He received a broker service fee. 0 X Signs for Health and Wellness Center 2 275 COST X Medical & Office Equip. 1 40000 COST X Sound & Recording Equip. 1 72366 COST X Drum Microphone 1 500 COST X Medical Equip & Medication 1 210091 COST 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): The organization is reporting the number of contributions and the number of items received. Form 990, Part VI, Section B, line 11 The return is reviewed for accuracy and completeness by the Chief Financial Officer before it is filed. Form 990, Part VI, Section B, line 12c The organization follows a bid process to ensure that any exchange of services or funds by the organization with parties where a conflict of interest is present is done so that it is made under arm's length transaction to ensure all parties are treated on an equal footing. Any hint of impropriety is immediately brought to the attention of the President, a member of the Board of Trustees, or one of its many sub-committees. Form 990, Part VI, Section B, line 15 Compensation process is detailed in the policy manual under compensation. In summary, the goal is to attract and retain qualified staff. The University of St. Francis (USF) will maintain salaries, pay rates, and pay practices that are competitive with the appropriate markets; primarily the market of small and medium sized religious-affiliated universities in Illinois. USF will strive to meet the market, not to trail or lead. For instance, midpoints of pay ranges will be targeted at the midpoints or means of comparable positions in the appropriate job markets. The market survey data used for comparison will be The College and University Professional Association (CUPA-HR) annual surveys for administrator positions and local surveys as may be available for staff (hourly) positions. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Schedule K, Part I, Line A, Column (f): The proceeds of the issue were used to (i) fund the purchase of the un-owned portion of the Motherhouse from the Congregation of the Third Order of St. Francis of Mary Immaculate of Joliet; (ii) redeem the outstanding $800,000 balance of the Unsecured Illinois Education Facilities Authority Variable Rate Demand Revenue Bonds issued in 1998; (iii) pay a portion of the interest accruing on the bonds; (iv) fund renovations to Marian Hall Dormitory and a portion of the Motherhouse; (v) create and improve parking lots around the campus; and (vi) fund costs associated with the issuance of the bonds. Schedule K, Part I, Line B, Column (f) The proceeds of the issue were used to (i) fund the renovation (Phase II) of the Motherhouse which includes student housing, food service, and chapel; (ii) fund campus beautification (land improvements) including fountain, paved walkways, outdoor seating, statuary; (iii) fund land acquisition for future campus expansion; (iv) create and improve parking lots; (v) refinance existing debt: two notes payable, each secured by a house; unsecured variable interest rate term loan; unsecured construction loan; (vi) fund safety / crisis management and other communication and security equipment, and (vi) fund costs associated with the issuance of the bonds. Congreg of the Thrd Order of St Francis of Mary Immac of Joliet 36-27649001433 Essington Road Joliet IL 60435 Church IL Line 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0