2025-04-12T05:21:01-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 231352613 GWYNEDD MERCY UNIVERSITY GWYN 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 JENNIFER GINNETTI INTERIM VP OF FINANCE AND CFO 2156467300 2025-04-11 1 0 X KERRI N BOGDA CPA P00760402 7177404863 2025-04-11 2023 2025-03-06 01:10:19Z JENNIFER GINNETTI 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 72998000 0 X WWW.GMERCYU.EDU X 1948 PA GWYNEDD MERCY UNIVERSITY IS A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE SISTERS OF MERCY. 23 22 1253 58 -6200 0 8399000 4027000 56179000 54487000 6975000 4923000 411000 452600 71964000 63889600 17691000 17832000 0 0 29186000 26411000 60000 60000 832000 23164000 24817600 70101000 69120600 1863000 -5231000 134052000 144993000 33045000 44750000 101007000 100243000 X THE ORGANIZATION'S MISSION IS AS FOLLOWS: A CATHOLIC UNIVERSITY, ROOTED IN THE TRADITION OF THE SISTERS OF MERCY, OUR LEARNING COMMUNITY PREPARES STUDENTS FOR SUCCESSFUL CAREERS AND MEANINGFUL LIVES IN A GLOBAL SOCIETY.GWYNEDD MERCY UNIVERSITY IS SHAPED BY OUR CATHOLIC IDENTITY AS WELL AS OUR MERCY HERITAGE AND CHARISM, WITH PROGRAMS DESIGNED TO PREPARE STUDENTS TO LEAD PRODUCTIVE LIVES OF DEEP MEANING AND VALUE. 0 0 34831600 0 51540000 EDUCATION OF STUDENTS - GWYNEDD AWARDS UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND HEALTH PROFESSIONS, EDUCATION, BUSINESS, AND ARTS AND SCIENCES, IN TRADITIONAL AND ACCELERATED FORMATS, BOTH ON GROUND AND ONLINE. WE PROVIDE STUDENTS WITH A QUALITY HIGHER EDUCATION PRODUCING DISTINCTIVE MERCY GRADUATES.AT GMERCYU, MAKING SURE STUDENTS ARE DEVELOPING THE KNOWLEDGE, SKILLS AND EXPERIENCE THEY NEED TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS IS AT THE CENTER OF WHAT WE DO. EACH DEGREE PROGRAM INCLUDES A SET OF LEARNING OUTCOMES THAT DEFINES WHAT STUDENTS SHOULD KNOW AND BE ABLE TO DO UPON GRADUATION. AS PART OF OUR COMMITMENT TO PROVIDING STUDENTS WITH A STRONG FOUNDATION IN THE LIBERAL ARTS, WE HAVE ESTABLISHED UNIVERSITY-LEVEL STUDENT OUTCOMES AND LEARNING OUTCOMES FOR OUR GENERAL EDUCATION CORE, FIRST-YEAR EXPERIENCE PROGRAM, AND HONORS PROGRAM. GMERCYU OFFERS SEVERAL COLLEGE STUDY ABROAD PROGRAMS THAT PAVE THE WAY FOR PERSONAL AND PROFESSIONAL GROWTH BEYOND U.S. BORDERS. GWYNEDD ALSO OFFERS AN HONORS PROGRAM THAT IS DEDICATED TO PROVIDING AN ACADEMICALLY RIGOROUS AND CHALLENGING CURRICULUM, STEEPED IN THE LIBERAL ARTS AND SCIENCES, TO ITS BRIGHTEST AND MOST INDUSTRIOUS STUDENTS. THE PROGRAM IS COMMITTED TO PRESERVING AN ACADEMIC CULTURE THAT INSPIRES A GENUINE PASSION FOR LEARNING THROUGH ENHANCED EDUCATIONAL OPPORTUNITIES, THOUGHT-PROVOKING AND STIMULATING COURSES AND DISCUSSIONS THAT SPARK STUDENTS' IMAGINATIONS, BROADEN THEIR SKILLS, AND ENHANCE THEIR RESUMES.GMERCYU TAKES PRIDE IN OFFERING STUDENTS CHALLENGING DEGREE PROGRAMS AND COUNTLESS OPPORTUNITIES FOR PROFESSIONAL EXPERIENCE. WITH A ROBUST SERVICE PROGRAM AND DEEPLY SUPPORTIVE FACULTY AND STAFF, STUDENTS BENEFIT FROM A CLOSE-KNIT COMMUNITY IN WHICH THEY CAN FOCUS ON BUILDING THEIR FUTURES. 17832000 17832000 0 FINANCIAL AID - TO STUDENTS - GWYNEDD PROVIDES ACCESS TO HIGHER EDUCATION FOR A DIVERSE GROUP OF STUDENTS, INCLUDING THOSE WITH HIGH FINANCIAL NEED. IN FISCAL 2023-2024, 100% OF FULL-TIME TRADITIONAL DEGREE-SEEKING UNDERGRADUATE STUDENTS RECEIVED SOME FORM OF FINANCIAL AID AND 100% OF FIRST-TIME, FULL-TIME STUDENTS RECEIVED SOME FORM OF FINANCIAL AID IN FISCAL 2023-24.GWYNEDD MERCY UNIVERSITY IS COMMITTED TO PRODUCING GRADUATES WHO MAKE THE WORLD A BETTER PLACE. TO PROVIDE STUDENTS ACCESS TO A GREAT EDUCATION AT AN AFFORDABLE COST, GWYNEDD MERCY UNIVERSITY OFFERS SEVERAL SCHOLARSHIPS AND GRANTS. KNOWN AS "GIFT ASSISTANCE," THESE SCHOLARSHIPS AND GRANTS DO NOT NEED TO BE REPAID, AND GENERALLY ARE RENEWABLE FOR AN ADDITIONAL THREE YEARS FOR FIRST-YEAR UNDERGRADUATE STUDENTS AND TWO YEARS FOR TRANSFER UNDERGRADUATE STUDENTS. UNDERGRADUATE TUITION IS SET FOR THE ACADEMIC YEAR BASED ON ACADEMIC PROGRAMS. STUDENTS ALSO ARE CHARGED A COMPREHENSIVE FEE, WHICH CONTRIBUTES TOWARD THE COSTS OF PROVIDING COMPUTER/TECHNOLOGY ACCESS, ACTIVITIES, USE OF FACILITIES, AND OTHER RESOURCES AND SERVICES GENERALLY AVAILABLE TO ALL STUDENTS. GRADUATE AND ACCELERATED PROGRAM TUITION IS BILLED PER CREDIT HOUR AND THE ADMINISTRATIVE COSTS OF A STUDENT'S EDUCATION ARE COVERED THROUGH PROGRAM FEES. FULL-TIME TRADITIONAL UNDERGRADUATE STUDENTS RECEIVE AWARD LETTERS DETAILING ANY AID FOR WHICH THEY ARE ELIGIBLE. OUR AID PACKAGES ACCOUNT FOR TUITION, FEES, ROOM, BOARD, BOOKS, SUPPLIES, TRANSPORTATION, AND MISCELLANEOUS EXPENSES. A TYPICAL AID PACKAGE INCLUDES GRANTS OR SCHOLARSHIPS, A LOW-INTEREST STUDENT LOAN, AND CAMPUS EMPLOYMENT (UP TO 15 HOURS PER WEEK). UNDERGRADUATES WILL LIKELY RECEIVE THE SAME AMOUNT ALL FOUR YEARS AS LONG AS THEY SUBMIT THE FAFSA ANNUALLY, CONTINUE TO MEET ALL CONDITIONS OF THE AWARD, AND THEIR NEED REMAINS ESSENTIALLY UNCHANGED. 3782000 0 2947000 HOUSING AND MEAL SERVICES FOR STUDENTS - GWYNEDD PROVIDES LIVING ARRANGEMENTS THAT SUPPORT AND ENHANCE EDUCATIONAL AND SOCIAL EXPERIENCES TO HELP DEVELOP IMPORTANT LIFE SKILLS. GWYNEDD HAS THREE RESIDENCE HALLS; ONE IS DEDICATED TO FIRST-YEAR STUDENTS AND TWO ACCOMMODATE TRANSFER STUDENTS AND SOPHOMORES THROUGH SENIORS. ROOM TYPES RANGE FROM SINGLE AND DOUBLE OCCUPANCY TO LIVING SUITES. HOUSING ASSIGNMENTS ARE MADE BASED ON A VARIETY OF FACTORS INCLUDING CLASS YEAR, GENDER, LIFESTYLE PREFERENCES, ROOMMATE REQUESTS, SPACE AVAILABILITY AND HOUSING DEPOSIT DATE.GWYNEDD OFFERS FLEXIBILITY TO STUDENTS THROUGH ITS DINING OPTIONS. ALL RESIDENTS ARE REQUIRED TO CHOOSE ONE OF THREE MEAL PLANS: 15 OR 10 MEALS A WEEK OR A 100 MEAL BLOCK PLAN. COMMUTER MEAL PLAN OPTIONS WERE ALSO ADDED IN FISCAL 2019 TO BETTER ACCOMMODATE THE NEEDS OF OUR COMMUTER STUDENTS. THOSE OPTIONS INCLUDE 15 AND 10 MEAL BLOCK PLANS. 56445600 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 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 3273 0 1253 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JENNIFER A GINNETTI SR ASSOCIATE VP OF FINDEPUTY CFO 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 DEANNE D'EMILIO PRESIDENT AND CEO 40.00 0.00 X X 402731 0 42578 CHARLOTTE O MCKINES CHAIR 4.00 0.00 X X 0 0 0 SALLY W WILLIAMS VICE CHAIR 2.00 0.00 X X 0 0 0 BARBARA BUCKLEY RSM TRUSTEE 2.00 0.00 X 0 0 0 DONNA DOROZINKSY TRUSTEE 2.00 0.00 X 0 0 0 S MARGARET ANNE DOUGHERTY RSM TRUSTEE 2.00 0.00 X 0 0 0 JIE DU PHD TRUSTEE 2.00 0.00 X 0 0 0 ERIN DUFFY TRUSTEE 2.00 0.00 X 0 0 0 ROBERT DUNNE TRUSTEE 2.00 0.00 X 0 0 0 MELISSA FITZPATRICK TRUSTEE 2.00 0.00 X 0 0 0 JOHN CS KEPNER JD TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL LAIGN TRUSTEE 2.00 0.00 X 0 0 0 MARY ANN MCGINLEY-FITZPATRICK TRUSTEE 2.00 0.00 X 0 0 0 CATHERINE MCMAHON RSM TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER PACHECO TRUSTEE 2.00 0.00 X 0 0 0 DENNIS PFLEIGER TRUSTEE 2.00 0.00 X 0 0 0 MARGARET TAYLOR RSM JD TRUSTEE 2.00 0.00 X 0 0 0 LYDIA HERNANDEZ VELEZ TRUSTEE 2.00 0.00 X 0 0 0 REGINA WARD RSM TRUSTEE 2.00 0.00 X 0 0 0 DENISE ALLEN WILLIAMS TRUSTEE 2.00 0.00 X 0 0 0 NANCY DUNLEAVY TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH L ENGLAND TRUSTEE 2.00 0.00 X 0 0 0 EILEEN FOLEY GUEST TRUSTEE 2.00 0.00 X 0 0 0 VLADIMIR BIEN-AIME TRUSTEE (TO 10/2023) 2.00 0.00 X 0 0 0 HEATHER MEIER VP OF FINANCE & ADMINISTRATION/CFO 37.50 0.00 X 198800 0 22780 KATE BRESLIN ASSISTANT TO THE PRESIDENT 37.50 0.00 X 85000 0 12183 JAMES TRUSDELL COO 37.50 0.00 X 187860 0 51088 KELLY STATMORE CHIEF MARKETING & INNOVATION OFFICER 37.50 0.00 X 150480 0 36225 KEITH RICHARDSON VP UNIVERSITY ADV. (UNTIL 1/5/24) 37.50 0.00 X 202175 0 23453 MARY SORTINO DEAN,SCHOOL OF GRAD/PROF(TO 6/14/24) 37.50 0.00 X 153676 0 29890 DIANNA SOFO ASSISTANT VP FOR HR 37.50 0.00 X 149000 0 21699 JOSHUA STERN VP FOR STUDENT SER. & DEAN OF STUDENTS 37.50 0.00 X 140352 0 16784 JENNIFER GINNETTI SENIOR ASSOCIATE VP & DEPUTY CFO 37.50 0.00 X 137700 0 15032 SUZANNE PRESTOY PROFESSOR, GRADUATE NURSING 37.50 0.00 X 139632 0 32471 1947406 0 304183 19 0 1 0 SYNERGIS EDUCATION 700 NORTH PEARL ST DALLAS TX 75201 INSTITUTIONAL DEVELOPMENT & PROGRAMING; 5586194 IRWIN LEIGHTON 1014 W 9 AVE KING OF PRUSSIA PA 19406 CONSTRUCTION CONTRACTOR 3527561 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 152644901 FOOD SERVICE CONTRACT 926811 KEYSTONE SPORTS CONSTRUCTION 1100 SCHELL LN PHOENIXVILLE PA 19460 CONSTRUCTION CONTRACTOR 822701 ARAMARK EDUCATIONAL SERVICES LLC 2400 MARKET STREET PHILADELPHIA PA 19103 FOOD SERVICE CONTRACT 809961 22 12000 648000 3367000 17000 4027000 TUITION AND FEES 611600 51540000 51540000 AUXILIARY ENTERPRISES 611710 2947000 2947000 54487000 2342000 2342000 38000 38000 150000 13400 136600 136600 -6200 142800 11597000 9024000 30000 2573000 -30000 2543000 2543000 63000 12000 41000 22000 22000 NON-REFUNDABLE FEES 900099 184000 184000 PARKING FEES 900099 43000 43000 STUDENT CHARGES 900099 39000 39000 28000 28000 294000 63889600 54487000 -6200 5381800 X 17832000 17832000 1332431 1332431 20020569 15713000 3738569 569000 762000 579000 172000 11000 2964000 2126000 797000 41000 1332000 924000 390000 18000 141000 141000 77000 77000 60000 60000 331000 331000 11351000 9721000 1630000 342000 58000 284000 2288000 1180000 1051000 57000 142000 71000 71000 733600 733600 590000 563000 23000 4000 13000 13000 1534000 1498000 36000 3398000 2936000 462000 1049000 486000 563000 REPAIRS & MAINTENANCE 905000 900000 5000 BAD DEBT EXPENSES 418000 418000 BOOKS & PUBLICATIONS 387000 387000 STUDENT ACTIVITIES 351000 187000 164000 767000 538000 157000 72000 69120600 56445600 11843000 832000 2000 2000 6819000 9624000 5803000 5532000 3770000 2442000 26000 28000 48000 5000 102771000 54438000 45067000 48333000 70937000 77551000 874000 791000 82000 30000 624000 655000 134052000 144993000 4564000 4631000 3368000 3245000 21536000 35908000 245000 245000 2500000 832000 721000 33045000 44750000 X 67651000 63399000 33356000 36844000 101007000 100243000 134052000 144993000 X -5231000 4406000 61000 X 0 1 X 1 1 1 X 3931000 4028000 21827000 8399000 4027000 42212000 3931000 4028000 21827000 8399000 4027000 42212000 13979069 28232931 959000 884000 877000 2446000 2530000 7696000 3540 3540 429000 180000 230000 189000 357000 1385000 51296540 314994000 0.55040 0.56760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ATHLETIC EVENTS - 2019 AMOUNT: $ 1,000. 2020 AMOUNT: $ 5,000. FEDERAL LOAN PROGRAM - 2019 AMOUNT: $ 3,000. 2021 AMOUNT: $ 3,000. 2023 AMOUNT: $ 2,000. FEES NON-REFUNDABLE - 2019 AMOUNT: $ 59,000. 2020 AMOUNT: $ 32,000. 2021 AMOUNT: $ 49,000. 2022 AMOUNT: $ 75,000. 2023 AMOUNT: $ 184,000. NON-CHARITABLE EVENT RECEIPTS - 2019 AMOUNT: $ 37,000. 2021 AMOUNT: $ 46,000. 2022 AMOUNT: $ 57,000. 2023 AMOUNT: $ 63,000. MERCY VOLUNTEER CORP REV - 2019 AMOUNT: $ 30,000. OTHER INCOME - 2019 AMOUNT: $ 12,000. 2020 AMOUNT: $ 8,000. PARKING FEES - 2019 AMOUNT: $ 60,000. 2021 AMOUNT: $ 53,000. 2022 AMOUNT: $ 38,000. 2023 AMOUNT: $ 43,000. STUDENT CHARGE REVENUE - 2019 AMOUNT: $ 67,000. 2020 AMOUNT: $ 119,000. 2021 AMOUNT: $ 64,000. 2023 AMOUNT: $ 39,000. TRANSCRIPT FEES - 2019 AMOUNT: $ 23,000. 2020 AMOUNT: $ 15,000. 2021 AMOUNT: $ 15,000. 2022 AMOUNT: $ 15,000. 2023 AMOUNT: $ 15,000. US TREASURY RESTITUTION - 2019 AMOUNT: $ 3,000. 2023 AMOUNT: $ 2,000. VENDING COMMISSIONS - 2019 AMOUNT: $ 2,000. 2020 AMOUNT: $ 1,000. 2022 AMOUNT: $ 2,000. REBATES - 2019 AMOUNT: $ 11,000. 2023 AMOUNT: $ 9,000. ERP CONVERSION FA ADJ - 2019 AMOUNT: $ 121,000. PRINTING FEES - 2022 AMOUNT: $ 2,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1171647 37540764 38476936 235475 1 X 70273000 869000 8738000 11343000 68537000 36432000 30056000 7185000 3400000 70273000 41603000 1675000 -6080000 766000 36432000 32098000 1147000 8267000 -91000 41603000 30428000 1589000 656000 575000 32098000 0.69400 0.30600 0.00000 0 1 1 2841000 2841000 68158000 37963000 30195000 18351000 9053000 9298000 10315000 6120000 4195000 3106000 1302000 1804000 48333000 FEDERAL GOVERNMENT INVESTMENT - LOAN PROGRAM 662000 LEASE LIABILITY 59000 721000 X 50187000 4406000 -18163000 -13757000 63944000 -54400 -54400 63889600 51012000 54400 54400 50957600 18163000 18163000 69120600 PART IV, LINE 1B: THE UNIVERSITY ACTS AS A CUSTODIAN FOR FEDERAL AND STATE GRANTS SUCH AS PELL, PHEAA, AND SEOG. PART IV, LINE 2B: THE UNIVERSITY APPLIES ROOM DEPOSITS TO THE STUDENTS' HOUSING INVOICES AT THE START OF THE CORRESPONDING SEMESTER. IF THE HOUSING IS IN AN APPROPRIATELY SUITABLE CONDITION AT THE END OF THE TERM, THE DEPOSITS ARE RETURNED. THE AMOUNT REPORTED ON THE FORM 990, PART X, LINE 21 OF $245,000 IS FOR HOUSING DEPOSITS FOR RESIDENTIAL STUDENTS WHICH IS UNRELATED TO THE AMOUNTS REPORTED IN SCHEDULE D, PART IV, LINE 1F. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION OF THE ORGANIZATION SPECIFICALLY FOR STUDENT SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -17,832,000. INVESTMENT FEES -331,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -13,400. FUNDRAISING EXPENSES -41,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 13,400. FUNDRAISING EXPENSES 41,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 17,832,000. INVESTMENT FEES 331,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE UNIVERSITY'S NONDISCRIMINATION POLICY IS INCLUDED ON THE UNIVERSITY'S WEB SITE AND IN ITS RECRUITING MATERIALS, PUBLISHED ADVERTISEMENTS, APPLICATION FOR ADMISSION, UNIVERSITY CATALOG AND HR-REALTED POSITION POSTINGS. SCHEDULE E, PART I, LINE 6 GWYNEDD MERCY UNIVERSITY RECEIVES FEDERAL FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. THE UNIVERSITY RECEIVES FUNDING FROM U.S. DEPARTMENT OF EDUCATION UNDER THE FOLLOWING STUDENT FINANCIAL ASSISTANCE PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY, FEDERAL DIRECT LENDING, FEDERAL PELL GRANTS, AND FEDERAL PERKINS AND NURSING LOAN PROGRAMS. THE UNIVERSITY ALSO RECEIVES FEDERAL FUNDING FROM THE DEPARTMENT OF VETERAN AFFAIRS FOR VETERANS ADMINISTRATION TUITION BENEFITS. X X X X X X X 0 WOJDAK GOVERNMENT RELATIONS 30 NORTH THIRD STREET SUITE 950 HARRISBURG PA 17101 GRANT SOLICITATION 0 0 60000 60000 60000 60000 PA GOLF OUTING 75000 12000 63000 0 0 20000 15000 0 6000 75000 12000 63000 20000 15000 6000 41000 22000 1 STUDENT AID 5152 17500000 LOVE WHERE YOU LIVE HOUSING GRANT 423 332000 PART I, LINE 2: THE UNIVERSITY OFFICE OF STUDENT FINANCIAL AID PROVIDES SCHOLARSHIPS AND GRANTS TO STUDENTS IN ACCORDANCE WITH UNIVERSITY POLICIES AND DONOR GUIDELINES AND MAINTAINS COMPREHENSIVE RECORD OF THE SAME. UNIVERSITY AND FACULTY/STAFF GRANTS ARE MONITORED BY THE INSTITUTIONAL ADVANCEMENT AND FINANCE OFFICES. X 1 1 X X X 0 0 0 0 0 0 0 1 0 DEANNE D'EMILIO PRESIDENT AND CEO 349231 0 8500 0 45000 0 22500 0 20078 0 445309 0 0 0 JAMES TRUSDELL COO 187860 0 0 0 0 0 7963 0 43125 0 238948 0 0 0 KEITH RICHARDSON VP UNIVERSITY ADV. (UNTIL 1/5/24) 199200 0 0 0 2975 0 9693 0 13760 0 225628 0 0 0 HEATHER MEIER VP OF FINANCE & ADMINISTRATION/CFO 193800 0 5000 0 0 0 9699 0 13081 0 221580 0 0 0 KELLY STATMORE CHIEF MARKETING & INNOVATION OFFICER 150480 0 0 0 0 0 7725 0 28500 0 186705 0 0 0 MARY SORTINO DEAN,SCHOOL OF GRAD/PROF(TO 6/14/24) 153676 0 0 0 0 0 7644 0 22246 0 183566 0 0 0 SUZANNE PRESTOY PROFESSOR, GRADUATE NURSING 139632 0 0 0 0 0 6446 0 26025 0 172103 0 0 0 DIANNA SOFO ASSISTANT VP FOR HR 147000 0 2000 0 0 0 7199 0 14500 0 170699 0 0 0 JOSHUA STERN VP FOR STUDENT SER. & DEAN OF STUDEN 140352 0 0 0 0 0 6959 0 9825 0 157136 0 0 0 JENNIFER GINNETTI SENIOR ASSOCIATE VP & DEPUTY CFO 137700 0 0 0 0 0 4016 0 11016 0 152732 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE - DEANNE D'EMILIO, PRESIDENT, RECEIVED A $45,000 HOUSING ALLOWANCE THAT IS INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 7 THE PRESIDENT/CEO'S BONUS IS DETERMINED BY THE BOARD AND OUTLINED IN THEIR CONTRACT. OTHER EMPLOYEE BONUSES ARE A FIXED AMOUNT AS OUTLINED IN THEIR LETTER OF OFFER/CONTRACT. A MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613603WV7 2017-04-27 12668221 REFINANCE OUTSTANDING DEBT, CAPITAL EXPENDITURES 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613603H36 2022-05-01 5505000 AICUP FINANCING PROGRAM - GWYNEDD MERCY UNIVERSITY PROJECTS 0 0 0 C MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613603J67 2022-05-01 9080000 AICUP FINANCING PROGRAM - GWYNEDD MERCY UNIVERSITY PROJECTS 0 0 0 D MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613609M60 2023-11-22 15780381 AICUP FINANCING PROGRAM - GWYNEDD MERCY UNIVERSITY PROJECTS 0 0 0 A 6555000 12651561 682454 172877 11818841 2017 1 0 1 1 B 375000 5703473 89311 5614162 2022 1 0 1 1 C 9194724 1000000 145032 9049691 2022 1 0 1 1 D 15780381 227611 6879993 8672777 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2024 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2024 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2024 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2024 SCHEDULE K, PART II LINE 3 PROCEEDS DO NOT AGREE TO ISSUE PRICES DUE TO PREMIUMS/DISCOUNTS ON ISSUES. SCHEDULE K, PART II LINE 11 OTHER SPENT PROCEEDS REPRESENTS REFINANCING OF PREVIOUSLY EXISTING BONDS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, THE PRESIDENT, THE VICE CHAIR, ONE OR MORE BOARD COMMITTEE CHAIRS AND ONE OR MORE MEMBERS AT LARGE. THE EXECUTIVE COMMITTEE SHALL INCLUDE AT LEAST TWO SISTERS OF MERCY. THE EXECUTIVE COMMITTEE SHALL TAKE ACTION BETWEEN BOARD MEETINGS CONSISTENT WITH EXISTING BOARD POLICY AND IS FURTHER SUBJECT TO BOARD IMPOSED RESTRICTIONS ON ITS AUTHORITY. FORM 990, PART VI, SECTION A, LINE 2 FIVE BOARD MEMBERS ARE ALL MEMBERS OF THE SISTERS OF MERCY. FORM 990, PART VI, SECTION A, LINE 7B AS A CONDITION OF THE CORPORATION'S AFFILIATION WITH CMHE AND SPONSORSHIP BY THE INSTITUTE OF THE SISTERS MERCY OF THE AMERICAS, IN NO EVENT SHALL THE BOARD OF TRUSTEES TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT THE PRIOR WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF CMHE OR ITS SUCCESSOR OR DESIGNEE. (I) APPROVE A SALE OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, A MERGER CONSOLIDATION, REORGANIZATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION, OR OTHER FUNDAMENTAL TRANSACTION CONTEMPLATED WITHIN THE NONPROFIT CORPORATION LAW OF PENNSYLVANIA, OR THESE BY-LAWS; OR (II) AMEND THIS SECTION OF THE BY-LAWS WITH RESPECT TO THE CORPORATION'S ROMAN CATHOLIC IDENTITY OR THE CONDITIONS PROVIDED HEREIN OR IN THE ARTICLES OF INCORPORATION RELATING TO THE AFFILIATION OF THE CORPORATION WITH THE CMHE OR ITS SPONSORSHIP BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER, SR. ASSOCIATE VP OF FINANCE/DEPUTY CFO AND THE VP OF FINANCE PERFORM AN INITIAL REVIEW. THE BOARD'S FINANCE AND AUDIT COMMITTEE THEN REVIEWS THE FORM 990. BOARD MEMBERS HAVE ACCESS TO A SECURED WEBSITE TO REVIEW THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, TRUSTEES, AND KEY EMPLOYEES DISCLOSE AND SIGN OFF ON ANY CONFLICTS OF INTEREST ON AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PER THE GMERCYU CONFLICT OF INTEREST POLICY, IF A CONFLICT OF INTEREST ARISES, THE MATTER IS PRESENTED TO THE BOARD AND/OR EXECUTIVE COMMITTEE, ALTERNATIVES ARE INVESTIGATED, AND IF NO REASONABLE RESOLUTION IS AVAILABLE, THE EXECUTIVE COMMITTEE WILL HOLD A MAJORITY VOTE TO DECIDE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE UNIVERSITY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE UNIVERSITY AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF A VIOLATION OF THE CONFLICT OF INTEREST POLICY HAS BEEN DETERMINED, THE EXECUTIVE COMMITTEE WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DESIGNED A PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO. THE PROCESS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND DISCUSSION WITH THE EXECUTIVE COMMITTEE. THE BOARD CHAIR ALONG WITH AN AD HOC COMMITTEE OF THE BOARD ENGAGED IN NEGOTIATION FOR THE RENEWAL OF THE PRESIDENT'S CONTRACT IN THE LATTER HALF OF 2024. THE BOARD CHAIR REQUESTED AND RECEIVED A LETTER OF SUBSTANTIATION FROM THE UNIVERSITY'S ATTORNEY IN SUPPORT OF THE PROCESS AND THE TERMS OF THE COMPENSATION. WHEN NEEDED, A THIRD PARTY IS USED TO ANALYZE COMPENSATION TO OTHER OFFICERS AND KEY EMPLOYEES. THE UNIVERSITY IS CURRENTLY IN THE PROCESS OF REVIEWING ALL COMPENSATION AS A STRATEGIC INITIATIVE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 29,000. MANAGEMENT AND GENERAL EXPENSES 159,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 188,000. CONTRACTED FEES: PROGRAM SERVICE EXPENSES 9,026,000. MANAGEMENT AND GENERAL EXPENSES 1,451,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,477,000. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 666,000. MANAGEMENT AND GENERAL EXPENSES 20,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 686,000. FORM 990, PART XI, LINE 9: NONCONTROLLING INTEREST 61,000. CONFERENCE FOR MERCY HIGHER EDUCATION 8403 COLESVILLE RD SILVER SPRINGS MD 20910 431973007 RELIGIOUS SPONSOR OF THE ORGANIZATION MO 501(C)(3) LINE 1 N/A 0 SISTERS OF MERCY OF THE AMERICAS INC 8403 COLESVILLE RD SILVER SPRINGS MD 20910 521653282 RELIGIOUS SPONSOR OF THE ORGANIZATION MO 501(C)(3) LINE 1 N/A 0 SUMNEYTOWN AND EVANS CONDOMINIUM C/O GWYNEDD MERCY UNIVERSITY PO BOX GWYNEDD VALLEY PA 19437 HOUSING AND MAINTENANCE OF FACILITIES PA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0