2024-03-21T14:52:08-05:00 2023-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 810 WRIGHTS SUMMIT PARKWAY SUITE 300 FORT WRIGHT KY 41011 990 2022-06-01 610448560 THOMAS MORE UNIVERSITY INC THOM 8593415800 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 DR JOSEPH L CHILLO PRESIDENT 8593443513 2024-03-15 1 DR JOSEPH L CHILLO 999009999 0 STEPHANIE ALLGEYER P00761973 8593313300 2024-03-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR JOSEPH L CHILLO 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 78302399 0 0928 X WWW.THOMASMORE.EDU X 1921 KY TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 20 16 832 100 83157 84032 12119929 11505252 51174375 52151788 2144566 1522753 478847 370989 65917717 65550782 24053615 25554297 0 0 17852314 18164448 0 0 1011508 17735456 16418755 59641385 60137500 6276332 5413282 76960441 91289263 19623400 30344394 57337041 60944869 X THOMAS MORE UNIVERSITY IS THE CATHOLIC LIBERAL ARTS UNIVERSITY OF THE DIOCESE OF COVINGTON, KENTUCKY. INSPIRED BY THE CATHOLIC INTELLECTUAL TRADITION, WE CHALLENGE STUDENTS OF ALL FAITHS TO EXAMINE THE ULTIMATE MEANING OF LIFE, THEIR PLACE IN THE WORLD, AND THEIR RESPONSIBILITY TO OTHERS. 0 0 47602467 25554297 52151788 FOR 100 YEARS, THOMAS MORE HAS CREATED A UNIVERSITY FOR THE STUDENT WHO WANTS TO BE MORE, DO MORE, SEEK MORE, WIN MORE, ACHIEVE MORE, AND CREATE MORE. SINCE ITS FOUNDING IN 1921, THOMAS MORE HAS PROVIDED A MISSION-DRIVEN, LIBERAL ARTS EDUCATION THAT IS BASED IN THE CATHOLIC INTELLECTUAL TRADITION. STUDENTS LEARN TO HARNESS THE POWER OF HUMAN REASON TO SOLVE PROBLEMS AND DISCOVER TRUTH, WHICH ALLOWS THEM TO BEGIN THE JOURNEY TO BECOME THE PERSON THEY WERE CREATED TO BE. ENTERING INTO THE SECOND CENTURY, IT'S TIME FOR MORE. SERVING APPROXIMATELY 2,000 STUDENTS, THOMAS MORE ASPIRES TO BE THE PREMIER CATHOLIC UNIVERSITY IN THE CINCINNATI AND NORTHERN KENTUCKY REGION. 47602467 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 2575 0 832 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 20 16 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X MARK GOSHORN 8593443356 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DR JOSEPH L CHILLO PRESIDENT 37.50 0.00 X X 410534 0 37032 DR JYOTI SARASWAT TRUSTEE/PROFESSOR 37.50 0.00 X 58142 0 15264 DR MEENAKSHI BANSAL TRUSTEE/PROFESSOR 37.50 0.00 X 58141 0 2812 MOST REV JOHN C IFFERT CHANCELLOR 0.50 0.00 X X 0 0 0 DR JUDITH A MARLOWE CHAIRPERSON 3.00 0.00 X X 0 0 0 JEFFREY C MANDO VICE-CHAIR 0.50 0.00 X 0 0 0 WILBERT L ZIEGLER TRUSTEE 0.50 0.00 X 0 0 0 DANIEL E TOBERGTE TRUSTEE 0.50 0.00 X 0 0 0 ANDREW SCHAEFFER TRUSTEE 0.50 0.00 X 0 0 0 DR DONALD SAELINGER TRUSTEE 0.50 0.00 X 0 0 0 JOAN M ROBINSON TRUSTEE 0.50 0.00 X 0 0 0 THOMAS LUEKE TRUSTEE 0.50 0.00 X 0 0 0 SR LESLIE KEENER CDP TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL DEMPSEY TRUSTEE 0.50 0.00 X 0 0 0 DR LAURA A KOEHL TRUSTEE 0.50 0.00 X 0 0 0 CATHERINE T GUILFOYLE TRUSTEE 0.50 0.00 X 0 0 0 THOMAS J DEPENBROCK TRUSTEE 0.50 0.00 X 0 0 0 GARY BLANK TRUSTEE 0.50 0.00 X 0 0 0 KIMBERLY HALBAUER TRUSTEE 0.50 0.00 X 0 0 0 ABBY HIGHTCHEW STUDENT REP 0.50 0.00 X 0 0 0 MARK GOSHORN CFO 34.50 3.00 X 116489 0 12876 CHARLENE K BARLOW SECRETARY/EMPLOYEE 37.50 0.00 X 53696 0 10050 DR MOLLY SMITH PROVOST (UNTIL JUNE 2022) 37.50 0.00 X 165465 0 10037 DR JEROME LANGGUTH VP & CHIEF ACADEMIC OFFICER 37.50 0.00 X 123816 0 11160 DR KEVIN P REYNOLDS VP INSTITUTIONAL ADVANCEMENT 37.00 0.50 X 149399 0 19496 DR BRUCE ROSENTHAL DEAN 37.50 0.00 X 109565 0 21160 1245247 0 139887 6 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON ST NEW YORK NY 10014 BUILDING/CONSTRUCTION 1788393 ARAMARK CORPORATION PO BOX 7548 PHILADELPHIA PA 19101 FOOD SERVICES 1338322 JENZABAR INC 101 HUNTINGTON AVE BOSTON MA 02199 IT SERVICE/SOFTWARE 1138300 NATIONAL MANAGEMENT RESOURCES CORP 113 CORPORATE PARK EAST DR LAGRANGE GA 30241 MAINTENANCE SERVICES 1114600 A BOOK COMPANY LLC 113 CORPORATE PARK EAST DR LEXINGTON KY 40509 BOOK RENTAL 541763 12 90402 96132 11318718 4455975 11505252 STUDENT TUITION 611710 47102455 47102455 AUXILIARY 611710 4352877 4352877 OTHER 611710 696456 696456 52151788 703724 703724 390246 0 390246 390246 83157 307089 13512154 12693125 819029 819029 819029 39235 90402 58492 -19257 -19257 65550782 52151788 83157 1810585 25554297 25554297 1011865 678848 297347 35670 13051436 8756047 3835297 460092 2770453 1858663 814126 97664 1330694 892746 391038 46910 2793589 1123499 1525989 144101 920149 677109 243040 614328 107384 506944 1471594 3944 1467650 1673779 1203503 412457 57819 882745 684661 195453 2631 1705096 1452464 239199 13433 635448 309583 325865 DINING SERVICE 1419141 1419141 SUPPLIES AND RENTALS 1080899 878703 152289 49907 UTILITIES 1054478 556666 497812 MISCELLANEOUS 967179 636177 227721 103281 1200330 809032 391298 60137500 47602467 11523525 1011508 4590727 1911329 5015096 5779346 2545685 2832307 1186398 266286 1089741 1711886 69764736 39469500 30060809 30295236 32471985 31907622 11028447 0 5556804 76960441 91289263 2538518 3138632 944773 917961 15742302 20109453 397807 6178348 19623400 30344394 X 21792503 27595150 35544538 33349719 57337041 60944869 76960441 91289263 X 5413282 -1978339 415394 -213632 -28877 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152148 X 0 34267985 826335 -726000 594628 553359 33220333 36775629 1123962 -2565125 524059 542422 34267985 28354894 1943590 7436904 959759 36775629 26483288 358521 2422662 909577 28354894 26506069 252545 625590 900916 26483288 0.01427 0.98572 0 0 1675908 1675908 53705127 27679252 26025875 13887992 11363317 2524675 495709 426931 68778 30295236 INVESTMENT IN SUBSIDIARIES 11028447 C 11028447 RIGHT OF USE ASSETS 5531804 BENEFICIAL INTERESTS IN ASSETS HELD BY COMMUNITY FUNDS 25000 5556804 OTHER LIABILITIES 238474 LEASE LIABILITY 5939874 6178348 X 38278400 -1978339 415394 58492 -1504453 39782853 213632 25554297 25767929 65550782 34641695 58492 58492 34583203 25554297 25554297 60137500 PART III, LINE 4: ART WAS DISPLAYED THROUGHOUT THE UNIVERSITY AND IN FURTHERANCE OF EXEMPT PURPOSE. PART V, LINE 4: STUDENT AID AND SUPPORT OF ACADEMIC PROGRAMS PART X, LINE 2: THE UNIVERSITY IS A KENTUCKY NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UNIVERSITY RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED MAY 31, 2023 AND 2022. IF THE SITUATION AROSE IN WHICH THE UNIVERSITY WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE UNIVERSITY IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE UNIVERSITY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR BOTH THE YEARS ENDED MAY 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 58,492. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 25,554,297. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 58,492. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 25,554,297. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 WEBSITE, PROMOTIONAL INFORMATION AND NEWSPAPER ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 THE AID IN SUPPORT OF THE BACCALAUREATE NURSING PROGRAM WAS SUSPENDED FOR ONE YEAR ON JULY 1, 1998 AND REINSTATED ON JUNE 30, 1999 BY THE DEPARTMENT OF HUMAN HEALTH AND SERVICES. THOMAS MORE UNIVERSITY RECEIVES GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION FEDERAL STUDENT AID AWARDS. SCHOLARSHIP GOLF OUTING 29005 18505 10500 8500 9927 6082 ATHLETIC GOLF OUTING 100632 71897 28735 16872 3305 13806 129637 90402 39235 25372 13232 19888 58492 -19257 1 STUDENT AID AND SCHOLARSHIPS 1317 25554297 PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE UNIVERSITY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR JOSEPH L CHILLO PRESIDENT 354167 0 30000 0 26367 0 15250 0 21782 0 447566 0 0 0 DR MOLLY SMITH PROVOST (UNTIL JUNE 2022) 165465 0 0 0 0 0 5399 0 4638 0 175502 0 0 0 DR KEVIN P REYNOLDS VP INSTITUTIONAL ADVANCEMENT 129399 0 20000 0 0 0 6688 0 12808 0 168895 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES A HOUSING ALLOWANCE THAT IS INCLUDED ON THE PRESIDENT'S W-2 FORM AND REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J PART II. STUDENT REPRESENTATIVE TRUSTEE 23000 MERIT BASED SCHOLARSHIPS X 1 10563 FAIR MARKET VALUE X 17 383564 FAIR MARKET VALUE X 1371 4057324 FAIR MARKET VALUE X SUPPLIES AND EQUIPMENT 7 4524 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED PART I, LINE 32B: ALL DONATED SECURITIES ARE DIRECTLY TRANSFERRED TO THE UNIVERSITY'S BROKERAGE ACCOUNT AND FROM THERE THEY ARE SOLD AND PROCEEDS ARE TRANSFERRED TO THE UNIVERSITY'S BANK ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A PERSONS NOMINATED FOR ELECTION TO THE BOARD ARE SELECTED BY THE GOVERNANCE COMMITTEE, APPROVED BY THE CHANCELLOR AND ELECTED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B PERSONS NOMINATED FOR ELECTION TO THE BOARD ARE SELECTED BY THE GOVERNANCE COMMITTEE, APPROVED BY THE CHANCELLOR AND ELECTED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SUBMITTED TO THE FINANCE, BUSINESS, AND CAPITAL PLANNING COMMITTEE FOR REVIEW, THEN IT IS FORWARDED TO THE BOARD FOR THEM TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THOMAS MORE UNIVERSITY RECEIVES ANNUALLY AN UPDATED CONFLICT OF INTEREST FORM FROM THE ENTIRE BOARD. THE ORGANIZATION REGULARLY REVIEWS THE CONFLICT OF INTEREST FORMS PRIOR TO A BOARD VOTE AND IF A BOARD MEMEBER IS FOUND TO HAVE A CONFLICT OF INTEREST THEY ARE NOT PERMITTED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENTS EACH PREPARE AN ASSESSMENT OF THEIR PERFORMANCE BASED ON GOALS SET THE PRIOR YEAR. THIS ASSESSMENT IS PROVIDED TO THE PRESIDENT. THE PRESIDENT PREPARES HIS ASSESSMENT. THESE ASSESSMENTS ARE DISCUSSED WITH THE BOARD COMMITTEE CHAIRS WITH WHOM EACH VICE PRESIDENT INTERACTS AS WELL AS THE BOARD CHAIR. COMPENSATION IS THEN DETERMINED. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE CHAIRPERSON OF THE BOARD IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AFTER A SIMILAR PROCESS. THE FINAL COMPENSATION IS RATIFIED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE UNIVERSITY ROUTINELY MONITORS HOW THOMAS MORE UNIVERSITY SALARIES COMPARE TO PEER INSTITUTIONS. 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. FORM 990, PART XI, LINE 9: INVESTMENT INCOME/LOSS FROM SUBSIDIARY -28,877. FORM 990, PART XII, LINE 2C: THE UNIVERSITY'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHERN KENTUCKY RACQUET CLUBS INC 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 610845476 SPORTS CLUB KY THOMAS MORE UNIVERSITY INC C 731633 17159618 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 NORTHERN KENTUCKY RACQUET CLUBS INC A 85032 FMV NORTHERN KENTUCKY RACQUET CLUBS INC D 109257 FMV NORTHERN KENTUCKY RACQUET CLUBS INC M 222454 FMV