2011-02-14T11:52:17-06:00 2010-06-30 WHEELER WOLFENDEN & DWARES PA 4550 New Linden Hill Road Suite 201 WILMINGTON DE 19808 990 2009-07-01 231352626 CHESTNUT HILL COLLEGE CHES 2152487084 9601 GERMANTOWN AVENUE PHILADELPHIA PA 191182693 LAURI STRIMKOVSKY 2152487084 2011-02-12 1 DAVID M WOLFENDEN CPA MS 3022548240 2009 2016-02-24 21:20:13Z lauri strimkovsky 9601 GERMANTOWN AVENUE PHILADELPHIA PA 191182693 47552830 0 X WWW.CHC.EDU X 1924 PA CHESTNUT HILL COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE LOCATED IN PHILADELPHIA, PENNSYLVANIA, SPONSORED BY THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF PHILADELPHIA.THE MISSION OF CHESTNUT HILL COLLEGE IS TO PROVIDE STUDENTS WITH HOLISTIC EDUCATION IN AN INCLUSIVE CATHOLIC COMMUNITY MARKED BY ACADEMIC EXCELLENCE, SHARED RESPONSIBILITY, PERSONAL AND PROFESSIONAL GROWTH, SERVICE TO ONE ANOTHER AND TO THE GLOBAL COMMUNITY, AND CONCERN FOR THE EARTH. 30 30 929 40 30827 -5723 3799911 4279865 37248093 42723500 170733 373758 92234 108850 41310971 47485973 10141752 11873335 0 14201940 15233204 0 1226953 16698764 19173503 41042456 46280042 268515 1205931 58666102 62223379 36949388 39275596 21716714 22947783 CHESTNUT HILL COLLEGE, FOUNDED IN 1924, IS AN INDEPENDENT, CATHOLIC INSTITUTION THAT FOSTERS EQUALITY THROUGH EDUCATION. THE COLLEGE ESPOUSES THE BELIEFS & VALUES INHERENT IN THE JUDEO-CHRISTIAN TRADITION WHILE IT RESPECTS THE CONTRIBUTIONS MADE BY OTHER FAITH TRADITIONS IN THE DEVELOPMENT OF THE WHOLE PERSON. THE COLLEGE NURTURES A SENSE OF INTEGRITY, SPIRITUALITY, AND SOCIAL JUSTICE IN ALL. 0 0 38821042 11873335 42723500 WITH A STRONG LIBERAL ARTS TRADITION, THE COLLEGE OFFERS ACADEMIC PROGRAMS OF EXCELLENCE IN THE AREAS OF UNDERGRADUATE, GRADUATE, AND CONTINUING STUDIES.UNDERGRADUATE STUDENTS MAY STUDY TOWARDS BACHELOR'S DEGREES IN ONE OF TWO SCHOOLS OF THE COLLEGE. THE SCHOOL OF UNDERGRADUATE STUDIES OFFERS A RIGOROUS LIBERAL ARTS EDUCATION THAT PROVIDES STUDENTS WITH A BROAD BACKGROUND IN THE HUMANITIES, SOCIAL SCIENCES AND NATURAL SCIENCES. THE SCHOOL OF CONTINUING STUDIES (ACCELERATED PROGRAM) EXTENDS OPPORTUNITIES FOR UNDERGRADUATE STUDY TO MATURE MEN AND WOMEN DURING EVENING AND WEEKEND HOURS.IN THE SCHOOL OF GRADUATE STUDIES, STUDENTS MAY PURSUE MASTERS DEGREES IN THE FOLLOWING AREAS: APPLIED TECHNOLOGY, COUNSELING PSYCHOLOGY, EDUCATION, HOLISTIC SPRITUALIY AND HUMAN SERVICES. A DOCTORAL PROGRAM IN COUNSELING PSYCHOLOGY IS ALSO OFFERED. 38821042 1 1 0 1 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 0 0 0 0 0 0 1 0 0 0 1 30 0 1 929 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 X X lauri strimkovsky 2152487084 9601 GERMANTOWN AVENUE PHILADELPHIA PA 191182693 Joseph Coradino X 0 0 0 Mary Dacey ssj X 0 0 0 Joseph Denny X 0 0 0 Carol mccullough fitzger X 0 0 0 George J hartnett esq X 0 0 0 BARBARA d'LORIO MARTINO X 0 0 0 MARGARET MCCAFFERY X 0 0 0 PETER MCGLINCHY X 0 0 0 ANNE P MYERS SSJ X 0 0 0 JACK GULATI X 0 0 0 MIRIAM GIBBONS MANDELL X 0 0 0 JOHN SABIA JR X 0 0 0 KATHRYN MILLER SSJ X X 0 0 0 MARY NOEL PAGE X 0 0 0 MARIANNE MCGURK WALLAESA X 0 0 0 harry BARBIN X 0 0 0 REGINA BELL ssj X 0 0 0 WILLIAM BUCCI X 0 0 0 MICHAEL F DUNLEAVY X 0 0 0 CONSTANCE GILDER SSJ X 0 0 0 STEVEN J GORDON PH D X 0 0 0 KENT GRISWOLD PH D X 0 0 0 NAN HECHENBERGER ph d X 0 0 0 SHAUN F O'MALLEY X 0 0 0 CATHERINE LOCKYER MOULTO X 0 0 0 JOELLEN PARSONS X 0 0 0 PHILLIP F RADOMSKI X 0 0 0 CATHERINE ROBINSON ssj X 0 0 0 JACK J SANDOSKI X 0 0 0 CAROL ZINN SSJ ed d X 0 0 0 LAURI STRIMKOVSKY 50.00 X X 128750 0 17620 Carol Jean Vale SSJ 50.00 X 0 0 0 kenneth hicks 50.00 X 180853 0 26412 lynn ortale 50.00 X 113045 0 35712 JOSEPH MICUCCI 50.00 X 111787 0 16448 george mckenna 50.00 X 115000 0 8625 scott browning 50.00 X 104302 0 14685 kenneth soprano 50.00 X 190000 0 21041 cheryl rothery 50.00 X 97388 0 14170 elaine green 50.00 X 94771 0 13932 943737 0 140543 7 0 1 0 CHARTWELLS COLLEGE & UNIVERSITY DINING S COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 DINING SERVICES 2029594 ALLIED BARTON SECURITY SERVICE 3606 HORIZON DRIVE KING OF PRUSSIA PA 19406 SECURITY SERVICE 1472239 160 OVER 90 1 SOUTH BROAD ST 10TH FLOOR PHILADELPHIA PA 19107 MARKETING 990104 ARTHUR JACKSON COMPANY 7025 WEST CHESTER PIKE UPPER darby PA 19082 HOUSEKEEPING SERVICES 757404 aramark corporation 24818 network place chicAGO IL 60673 physical plant services 668992 12 3105096 1174769 4279865 TUITION, FEES, AUXILiA 611600 42723500 42723500 42723500 373758 373758 144880 66857 78023 78023 catering revenue 722320 30827 30827 30827 47485973 42723500 30827 451781 11873335 11873335 147228 147228 12426800 10497151 1225339 704310 464107 396093 41438 26576 1317170 1040389 172205 104576 877899 733973 94680 49246 116187 116187 47000 47000 125582 125582 813566 381437 239214 192915 220675 16359 204316 1723612 1150139 499713 73760 583563 373894 209669 4392046 3324098 1067948 214718 151798 38408 24512 372233 225327 108280 38626 437263 327947 109316 1888595 1416446 472149 134686 96886 37800 BAD DEBT EXPENSE 2397397 1798048 599349 dining services (outsou 1970965 1724594 246371 secuRITY SERVICES (outs 1285606 1028485 257121 CONTRIBUTED SERVICES 738006 605165 132841 student related activit 712303 712303 999500 947175 39893 12432 46280042 38821042 6232047 1226953 520876 2364238 3777544 4246878 2369620 470640 758318 74598578 26968479 44260297 47630099 5945327 5506979 1093151 1339078 285571 320865 58666102 62223379 5000548 4865135 622999 775045 18730000 18460000 8419715 11985314 1691869 2484257 3190102 36949388 39275596 X 15435199 16117546 1520548 1874150 4760967 4956087 21716714 22947783 58666102 62223379 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 500 0 1 125082 125582 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: DURING THE YEAR, THE COLLEGE HAS RETAINED THE SERVICES OF lobbying firms FOR THE PURPOSE OF FUND RAISING WHICH MAY INCLUDE LOBBYING ACTIVITIES TO OBTAIN GOVERNMENT FUNDS. 4574186 195120 416558 5185864 4990947 40467 -457228 4574186 0.96000 0.04000 0 0 10506160 10506160 52158353 18406510 33751843 9592518 7354611 2237907 2341547 1207358 1134189 47630099 STUDENT DEPOSITS AND ADVANCES 1457496 ADVANCES FROM FEDERAL GOVN'T - STUDENT LOANS 599417 ANNUITIES PAYABLE 106635 CURRENT VALUE OF DERIVATIVE INSTRUMENT 1026554 3190102 47485973 46280042 1205931 752489 -727351 25138 1231069 48515253 962423 66857 1029280 47485973 0 47485973 48036673 962423 794208 1756631 46280042 0 46280042 Part V, Line 4: Description of Intended Use of Endowment Funds: THE ENDOWMENT FUND IS USED PRIMARILY FOR THE AWARDING OF SCHOLARSHIPS TO STUDENTS. OTHER USES MAY INCLUDED THE FUNDING OF EDUCATION RELATED ACTIVITIES SUCH AS PURCHASING LIBRARY RESOURCES OR THE FUNDING of A LECTURE SERIES. Part X: Description of Uncertain Tax Positions Under FIN 48: Effective July 1, 2009, the College adopted ASC 740-10, Income Taxes, as it relates to uncertain tax positions. Management has reviewed its current and past federal and state income tax positions and has determined, based on clear and unambiguous tax law and regulations, that the tax positions taken are certain and that there is no likelihood that a material tax assessment would be made if a respective government agency examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded. Part XI, Line 8 - Other Adjustments: LOSS ON DERIVATIVE INSTRUMENT: -498062. WITHDRAW FOR ENDOWMENT PAYMENT: -229289. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES INCLUDED IN GROSS INCOME ON PAGE 1: 66857. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSES INCLUDED IN GROSS INCOME REPORTED ON PAGE 1: 66857. loss on derivative instrument: 498062. WITHDRAW FOR ENDOWMENT PAYOUT: 229289. 1 1 1 THE COLLEGE PROVIDES A STATEMENT IN ALL PUBLICATIONS and on its website REGARDING ITS NONDISCRIMINATORY POLICY. the college is significantly diverse in that the percentages of American Indian, Asian, African American and hispanic constitute 34.6%, 35.0% and 32.6% of the total student population, as measured in the Fall of 2007, 2008, and 2009, respectively. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVED THE FOLLOWING AID FROM FEDERAL AND STATE GOVERNMENTS:PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT - $318,658PENNSYLVANIA RCAP - $1,500,000FWS/SEOG - NET MATCH - $28,932SEPCHE MATH/SCIENCE IV-A - $39,093SEPCHE MATH/SCIENCE IV-B - $13,000PROJECT HQSET GRANT - $201,191PA DEP STREAM RESTORATION PROJECT - $25,323PA EPA CW - $250,000PA DCED - $250,000PA LIFETIME LEARNING - $225,000EASTERN UNIVERSITY MAST - $142,500PA DOE DUAL ENROLLMENT PROGRAM - $21,491OSEP PROJECT CREATED - $79,182SEPCHE MATH/SCIENCE V - $8,333NON-PROFIT CAPACITY BUILDING - $2,393 1 golf invitational 76315 76315 34837 5038 spring gala 68565 68565 10344 16638 144880 144880 45181 21676 66857 78023 1 scholarships and fellowships 1632 11873335 0 Other Information: Part IV: the students receiving scholarships and fellowships are judged by the College on the basis of academic achievement, financial need and other objective standards. X 0 0 X 0 0 0 0 0 0 0 0 0 LAURI STRIMKOVSKY 128750 0 0 0 0 0 0 0 17620 0 146370 0 143840 0 kenneth hicks 180853 0 0 0 0 0 0 0 26412 0 207265 0 210925 0 kenneth soprano 190000 0 0 0 0 0 0 0 21041 0 211041 0 0 0 Part I, Line 1a THE COLLEGE RENTS AN APARTMENT NEAR THE COLLEGE THAT LYNN ORTALE LIVES IN AS A CONDITION OF HER EMPLOYMENT. THE COLLEGE PAYS THE RENT DIRECTLY TO THE LANDLORD AND NO PART OF THE BENEFIT WAS TAXABLE INCOME TO THE INDIVIDUAL. HOWEVER, THIS AMOUNT WAS INCLUDED AS OTHER COMPENSATION ON SCHEDULE J. Phila Authority - Industrial Development - Series A 232237287 71782AAA0 2007-03-29 10365000 refinanced 1999 bond for new building and repairs 1 0 Phila Authority - Industrial Development - Series B 232237287 71782AAB8 2007-03-29 8855000 purchased land and buildings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section B, line 11 THE FORM 990 AND ALL THE ACCOMPANYING SCHEDULES ARE REVIEWED BY THE COLLEGE'S EXTERNAL AUDIT FIRM. AFTER THE INITIAL REVIEW, THE FORM 990 IS THEN DISTRIBUTED TO THE AUDIT COMMITTEE MEMBERS FOR THEIR REVIEW AND APPROVAL. ANY CHANGES MADE BY THE AUDIT COMMITTEE ARE COMMUNICATED TO OUR EXTERNAL AUDIT FIRM TO ENSURE COMPLIANCE WITH ALL FEDERAL REGULATIONS. Form 990, Part VI, Section B, line 15 THE PROCESS FOR DETERMING THE COMPENSATION FOR THE CHIEF EMPLOYED EXECUTIVE, WHICH IS THE COLLEGE PRESIDENT, AND THE OFFICERS IS DOCUMENTED IN THE COLLEGE'S "PROCESS FOR DETERMINING COMPENSATION" POLICY. THE COLLEGE'S PRESIDENT, CAROL JEAN VALE, SSJ, RECEIVES NO COMPENSATION. THE BOARD OF DIRECTORS APPROVES THE FISCAL YEAR BUDGET WHICH CONTAINS THE TOTAL COMPENSATION AMOUNT FOR THE YEAR. THE PRESIDENT AND THE VICE PRESIDENT FOR FINANCIAL AFFAIRS DETERMINE THE SALARIES OF OFFICERS AND OTHER COLLEGE EMPLOYEES BASED ON THE BUDGET AND MARKET DATA FROM COMPARABLE INSTITUTIONS. Form 990, Part VI, Section C, line 19 THE COLLEGE MAKES AVAILABLE THE FORM 990 TO THE PUBLIC UPON REQUEST. OTHER DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE COLLEGE'S ACCOUNTING OFFICE. EACH REQUEST FOR THE DOCUMENTS WILL BE REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS ON A CASE BY CASE BASIS. Form 990, Part XI, Line 2c THE COLLEGE HAS AN AUDIT COMMITTEE WHO IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITORS AND THEY ARE ALSO RESPONSIBLE FOR REVIEWING AND APPROVING THE FINANCIAL STATEMENTS. congregation of the sisters of st joseph 9701 Germantown Avenue philadelphia PA 19118 The local communities are primarily engaged in providing teaching and nursin PA 501(c)(3) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0