2024-04-25T06:57:59-05:00 2023-06-30 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2022-07-01 430694556 FONTBONNE UNIVERSITY FONT 3148623456 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 ANN SPALL CFO/VP OF FINANCE & ADMIN 3148623456 2024-04-24 1 ANN SPALL 999009999 1 KIMBERLY A RYAN P00829977 3142903300 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANN SPALL 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 45009989 0 X WWW.FONTBONNE.EDU X 1923 MO FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING THAT SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY AND TO ASSUME RESPONSIBILITY AS CITIZENS AND LEADERS. 21 21 605 100 0 0 10912879 6730261 24305461 25098309 1181648 359954 440564 -32303 36840552 32156221 10003230 10515456 0 0 13520548 13694721 0 0 615486 11415893 12767645 34939671 36977822 1900881 -4821601 47781957 42986299 23970412 24185186 23811545 18801113 X FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING DEDICATED TO THE DISCOVERY, UNDERSTANDING, PRESERVATION, AND DISSEMINATION OF TRUTH. FONTBONNE SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY, AND TO ASSUME RESPONSIBILITY AS CITIZENS AND LEADERS. FONTBONNE OFFERS BOTH UNDERGRADUATE AND GRADUATE PROGRAMS IN AN ATMOSPHERE CHARACTERIZED BY INCLUSION, OPEN COMMUNICATION, AND PERSONAL CONCERN. THE UNDERGRADUATE PROGRAMS PROVIDE A SYNTHESIS OF LIBERAL AND PROFESSIONAL EDUCATION. AS A CATHOLIC UNIVERSITY FOUNDED BY THE SISTERS OF ST. JOSEPH OF CARONDELET, FONTBONNE IS ROOTED IN THE JUDEO-CHRISTIAN TRADITION. 0 0 32050472 10515456 25098309 FONTBONNE IS AN ACCREDITED UNIVERSITY THAT OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS, WHICH ALSO PROVIDES AUXILIARY SERVICES SUCH AS DORMITORIES, DINING HALL AND A BOOK STORE FOR THE CONVENIENCE OF ITS STUDENTS AND FACULTY. TOTAL BENEFITTED (AVERAGE FTE) = 839 32050472 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 70 0 605 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ANN SPALL 3148894586 6800 WYDOWN BOULEVARD ST LOUIS MO 63105 KAREN S GEDERA CHAIRMAN 1.00 X 0 0 0 MARSHA BENNEY TRUSTEE 1.00 X 0 0 0 PATRICIA CLUNE CSJ TRUSTEE 1.00 X 0 0 0 PAT COLEMAN TRUSTEE 1.00 X 0 0 0 ROSEANNE COOK CSJ TRUSTEE 1.00 X 0 0 0 JOANN DONOVAN TRUSTEE 1.00 X 0 0 0 DOTTI FISCHER TRUSTEE 1.00 X 0 0 0 ALLEN J GRIEVE CSJA TRUSTEE 1.00 X 0 0 0 AMY HEREFORD CSJ TRUSTEE 1.00 X 0 0 0 SANDRA G LEHRER TRUSTEE 1.00 X 0 0 0 SUSAN LENIHAN TRUSTEE 1.00 X 0 0 0 ANNE MILLER TRUSTEE 1.00 X 0 0 0 MARY ANN NESTEL CSJ TRUSTEE 1.00 X 0 0 0 JULIANNE C NIEMANN TRUSTEE 1.00 X 0 0 0 EILEEN PETITO TRUSTEE 1.00 X 0 0 0 BRIAN ABEL RAGEN TRUSTEE 1.00 X 0 0 0 EVE RILEY TRUSTEE 1.00 X 0 0 0 RITA SCHMITZ CSJ TRUSTEE 1.00 X 0 0 0 TOM SCHUNK TRUSTEE (THRU 6/23) 1.00 X 0 0 0 BERNARD SHORE TRUSTEE (THRU 2/23) 1.00 X 0 0 0 BUZZ SZTUKOWSKI TRUSTEE 1.00 X 0 0 0 LATOYA THOMPSON TRUSTEE 1.00 X 0 0 0 MSGR MICHAEL TUREK TRUSTEE 1.00 X 0 0 0 NANCY BLATTNER PRESIDENT 40.00 X 242023 0 45232 ADAM WEYHAUPT VP ACADEMIC AFFAIRS 40.00 X 137918 0 41050 ANN SPALL CFO/VP OF FINANCE & ADMIN 40.00 X 114386 0 39913 GALE BORKOWSKI RICE DEAN 40.00 X 172976 0 24503 QUINTON CLAY VP ENR MGT AND MARKETING 40.00 X 137724 0 27350 MARIA BUCKEL VP ATHLETICS (THRU 12/22) 40.00 X 109756 0 13829 914783 0 191877 6 0 1 0 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DR CHICAGO IL 60693 FOOD SERVICE 1048452 LEXICON CONSTRUCTION 2819 BRECKENRIDE INDUSTRIAL CT ST LOUIS MO 63144 CONSTRUCTION SERVICES 721147 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANAGEMENT 556570 TRUE MEDIA 500 BUSINESS LOOP 70 WEST COLUMBIA MO 65203 MEDIA SOURCING 324129 BSN PO BOX 841393 DALLAS TX 75284 SPORTS GEAR 313456 15 577202 3002963 3150096 955901 6730261 TUITION AND FEES 611310 21876079 21876079 AUXILIARY SERVICES 611310 3222230 3222230 25098309 307407 307407 33930 0 33930 33930 33930 12771082 12718535 52547 52547 52547 69000 577202 135233 -66233 -66233 32156221 25098309 0 327651 10515456 10515456 862739 199813 476864 186062 10410055 9141863 1084375 183817 232163 191894 31287 8982 1428829 1254764 148835 25230 760935 629054 106529 25352 121260 121260 80578 80578 34438 34438 47353 47353 437331 437331 124648 25756 82589 16303 771595 490336 281259 1274112 1274112 60786 42386 18400 23449 23449 1047462 1047462 1304612 1304612 363413 363413 GRANT EXPENSES 1361389 1361389 ATHLETIC PROGRAMS 1111677 1111677 FOOD SERVICE 1046487 1046487 MEMBERSHIPS 172258 91501 80757 3384797 1497717 1717340 169740 36977822 32050472 4311864 615486 880275 592634 2132037 1976923 1855470 1508596 399072 474815 73891754 48451871 25753458 25439883 14138749 10570311 297652 97893 2325244 2325244 47781957 42986299 1462323 1313222 19178273 21490029 3329816 1381935 23970412 24185186 X 13250548 9077743 10560997 9723370 23811545 18801113 47781957 42986299 X -4821601 858813 -1047644 X X 0 1 X 1 1 1 X 5016504 2237839 9584329 10912879 6730261 34481812 5016504 2237839 9584329 10912879 6730261 34481812 9377197 25104615 417670 390781 301598 291284 341337 1742670 169663 169663 379565 379565 36773710 137990437 0.68270 0.68760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON INVOLUNTARY DISPOSAL OF ASSETS - 2019 AMOUNT: $ 379,565. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90950 X LIBRARY ARTWORK 0 12589330 525000 1239337 4101859 10251808 16817982 1000000 -1943819 3284833 12589330 15162956 251329 3293967 1890270 16817982 14456709 566006 909555 769314 15162956 14084230 268277 874951 770749 14456709 0.31170 0.49900 0.18930 0 0 6229221 6229221 19726794 15041251 4685543 4394558 4120328 274230 15134496 13592979 1541517 28406685 15697313 12709372 25439883 EMPLOYEE RETENTION CREDIT RECEIVABLE 2325244 2325244 REFUNDABLE GOVERNMENT LOANS 203660 ASSET RETIREMENT OBLIGATION 20730 CONTRACT LIABILITIES 1157545 1381935 22647936 858813 858813 21789123 10367098 10367098 32156221 27658368 0 27658368 9319454 9319454 36977822 PART III, LINE 4: FONTBONNE PRESENTS ARTWORK THROUGHOUT THE LIBRARY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF OVER 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, MOSTLY TO PROVIDE SCHOLARSHIPS FOR STUDENTS AND TO SUPPORT A VARIETY OF ACADEMIC PROGRAMS OFFERED BY THE UNIVERSITY. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS (INCLUDING THE LONG-TERM RESERVES). PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 9,319,454. IMPAIRMENT LOSS REPORTED ON FINANCIAL STATEMENTS 1,047,644. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 9,319,454. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT IS INCLUDED ON INSTITUTION'S WEBSITE AND IN THE UNIVERSITY CATALOG. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PASSES THROUGH STUDENT FINANCIAL AID FROM THE DEPARTMENT OF EDUCATION TO ITS STUDENTS. GOLF TOURNAMENT 16880 10380 6500 660 2215 4565 527 CENTENNIAL GALA 629322 566822 62500 101415 4325 21526 646202 577202 69000 660 2215 105980 4325 22053 135233 -66233 1 SCHOLARSHIPS TO STUDENTS 913 10515456 COST TUITION AND OTHER COSTS OF ATTENDANCE PART I, LINE 2: THE GRANTS MADE BY THE UNIVERSITY PRIMARILY CONSIST OF STUDENT FINANCIAL AID FOR SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED AND MONITORED BY THE UNIVERSITY'S FINANCIAL AID DEPARTMENT TO ELIGIBLE STUDENTS BASED UPON A NUMBER OF DIFFERENT CRITERIA, INCLUDING MERIT, ACADEMIC ACHIEVEMENT, AND FINANCIAL NEED. 913 STUDENTS RECEIVED FINANCIAL AID DURING THE CURRENT FISCAL YEAR FROM A COMBINATION OF ALL SOURCES (FEDERAL, STATE AND INSTITUTIONAL). OF THE 913 STUDENTS RECEIVING FINANCIAL AID, 779 RECEIVED FUNDING FROM INSTITUTIONAL SOURCES. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 NANCY BLATTNER PRESIDENT 242023 0 0 0 0 0 27000 0 18232 0 287255 0 0 0 GALE BORKOWSKI RICE DEAN 172976 0 0 0 0 0 13635 0 10868 0 197479 0 0 0 ADAM WEYHAUPT VP ACADEMIC AFFAIRS 137918 0 0 0 0 0 13458 0 27592 0 178968 0 0 0 QUINTON CLAY VP ENR MGT AND MARKETING 137724 0 0 0 0 0 0 0 27350 0 165074 0 0 0 ANN SPALL CFO/VP OF FINANCE & ADMIN 114386 0 0 0 0 0 27000 0 12913 0 154299 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR AN OUTSIDE CLEANING SERVICE TO HELP MAINTAIN THE PRESIDENT'S RESIDENCE. X 7 955901 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. SUBSEQUENT TO THE APPROVAL OF THE FORM BY THE AUDIT COMMITTEE, THE FORM IS PROVIDED TO THE BOARD OF TRUSTEES ELECTRONICALLY AND THEN FILED WITH THE IRS BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REQUIRES EACH TRUSTEE OF THE BOARD TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE PROCESS IS MONITORED BY THE PRESIDENT'S OFFICE. CONFLICTS OF INTEREST ARE SUMMARIZED BY THE PRESIDENT'S OFFICE AND, WHEN APPLICABLE, KEY EMPLOYEES AND/OR BOARD TRUSTEES ARE EXCUSED FROM MEETINGS AND VOTES WHEN A TOPIC RELATED TO THE CONFLICT IS BEING DISCUSSED OR VOTED ON BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 SALARY ADJUSTMENTS FOR FACULTY AND STAFF ARE TYPICALLY MADE EFFECTIVE EITHER AT THE BEGINNING OF THE FISCAL YEAR, BEGINNING OF A NEW CONTRACT PERIOD OR AT THE BEGINNING OF THE CALENDAR YEAR. ANY SALARY ADJUSTMENTS MADE ARE SUBJECT TO REVIEW AND APPROVAL BY THE EMPLOYEE'S IMMEDIATE SUPERVISOR UNLESS AN ACROSS THE BOARD ADJUSTMENT IS MADE FOR ALL FACULTY AND STAFF. THOSE ACROSS THE BOARD ADJUSTMENTS WOULD BE APPROVED BY THE EXECUTIVE LEADERSHIP TEAM. THE TOTAL COMPENSATION PROVIDED TO THE UNIVERSITY PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST ADDRESSED TO THE UNIVERSITY INSTITUTIONAL ADVANCEMENT OFFICE. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS REPORTED ON FINANCIAL STATEMENTS -1,047,644. FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE FROM THE PRIOR YEAR. SCHEDULE O, ADDITIONAL DISCLOSURE ON MARCH 10, 2024, THE UNIVERSITY'S BOARD OF TRUSTEES VOTED TO CLOSE THE UNIVERSITY. THE UNIVERSITY ANTICIPATES TO CONTINUE TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS THROUGH THE SUMMER OF 2025, AFTER WHICH IT WILL LIQUIDATE ANY REMAINING ASSETS AND FORMALLY WIND DOWN THE OPERATIONS OF THE NOT-FOR-PROFIT CORPORATION. THE UNIVERSITY HAS ENTERED INTO AN AGREEMENT TO SELL THE ENTIRETY OF THE CLAYTON CAMPUS TO ANOTHER ORGANIZATION (THE SALE). THE SALE IS CURRENTLY ANTICIPATED TO CLOSE IN JUNE OF 2024. COMMENSURATE WITH THE SALE, THE UNIVERSITY HAS ENTERED INTO A SALE-LEASE-BACK AGREEMENT WITH THE BUYER SO THAT INSTRUCTION TO STUDENTS MAY CONTINUE ON THE CLAYTON CAMPUS THROUGHOUT THE CLOSEOUT PERIOD. MANAGEMENT'S PLANS TO EXECUTE THE CLOSURE OF THE UNIVERSITY INCLUDE CERTAIN REDUCTIONS IN OPERATIONS AND COST SAVINGS, INCLUSIVE OF SEVERANCE TO APPLICABLE EMPLOYEES. THE UNIVERSITY WILL NOT ACCEPT NEW STUDENTS AFTER MARCH 10, 2024, AND WILL ONLY CONTINUE TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS THAT WERE CURRENTLY ENROLLED AS OF THIS DATE. MANAGEMENT ANTICIPATES THAT THE PROCEEDS FROM THE SALE, ALONG WITH OTHER SOURCES OF REVENUE, WILL PROVIDE SUFFICIENT CASH FLOWS OVER THE PERIOD OF CLOSURE THAT WILL ALLOW THE UNIVERSITY TO MEET ITS OBLIGATIONS AS THEY COME DUE. IN THE PERIOD PRIOR TO THE SALE, MANAGEMENT HAS ESTIMATED THAT CURRENT SOURCES OF TUITION REVENUE ALONG WITH DRAWS FROM THE UNIVERSITY'S ENDOWMENT WILL PROVIDE SUFFICIENT CASH FLOWS FOR THE UNIVERSITY TO MEET ITS OBLIGATIONS AS THEY COME DUE.