2025-04-01T13:44:23-05:00 2024-06-30 540504608 Brown Edwards 105 Arbor Dr NE 3rd Floor Christiansburg VA 24073 990 2023-07-01 231657958 NEUMANN UNIVERSITY NEUM 6105585503 ONE NEUMANN DRIVE ASTON PA 19401 Bruce Cairnduff VP of Finance and Admin 6105585503 2025-04-01 1 0 Mark Woolwine P00647446 5404433606 2023 2025-03-06 01:10:19Z BRUCE CAIRNDUFF ONE NEUMANN DRIVE ASTON PA 19401 104424064 0 X WWW.NEUMANN.EDU X 1965 PA TO MAINTAIN AND OPERATE A COLLEGE FOR THE LIBERAL EDUCATION OF MEN AND WOMEN. 28 27 911 14 200642 0 4663987 3403599 64791193 69426365 496347 3060173 930633 807929 70882160 76698066 25376115 27618274 0 0 27675264 26561871 0 0 1601878 30260559 25392837 83311938 79572982 -12429778 -2874916 141771196 137994949 58902942 56474055 82868254 81520894 X NEUMANN UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS BASED UPON THE BELIEF THAT KNOWLEDGE IS A GIFT TO BE SHARED IN THE SERVICE OF OTHERS AND THAT LEARNING IS A LIFELONG PROCESS. 0 0 62782638 27618274 69609280 NEUMANN UNIVERSITY IS A PRIVATE, CATHOLIC, FRANCISCAN, CO-EDUCATIONAL UNIVERSITY.FALL ENROLLMENT (FULL TIME AND PART TIME) FOR 2024 WAS 2,244 STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN A BROAD RANGE OF SUBJECTS. GRADUATE DEGREES INCLUDE TWO DOCTORAL PROGRAMS AND TEN MASTER PROGRAMS. STUDENT ACTIVITIES INCLUDE NUMEROUS CLUB ACTIVITIES, ART, AND MUSICAL GROUPS, AND TWENTY-THREE VARSITY SPORTS AND SEVEN CLUB TEAMS.(CONTINUED ON SCHEDULE O)FACULTY AND STUDENTS HAVE BEEN RECOGNIZED BY MANY ORGANIZATIONS FOR THEIR RESPECTIVE CONTRIBUTIONS TO ACADEMIC EXCELLENCE AND COMMUNITY SERVICE. DURING THE YEAR ENDED JUNE 30, 2024, THE UNIVERSITY PROVIDED STUDENTS WITH FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $27,618,274 WHICH REPRESENTED ABOUT 46% OF GROSS TUITION AND FEE REVENUE FOR THE YEAR. 62782638 1 1 0 0 0 0 0 0 0 1 1 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 1 0 0 0 0 1 0 0 0 1 122 0 1 911 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CO KY ME MD MA MI NH NY OH OK OR WA PA SC X Bruce Cairnduff VP FINANCE & ADMINISTRATION 6105585503 One Neumann Drive Aston PA 19014 Anthony A Latini Jr CFA CHAIR 1.00 X X 0 0 0 Sr Marie Angela Presenza OSF SECRETARY 1.00 X X 0 0 0 Peter Abessinio TRUSTEE 1.00 X 0 0 0 Sr Esther Anderson OSF TRUSTEE 1.00 X 0 0 0 Tobby Booker TRUSTEE 1.00 X 0 0 0 Rev Msgr Federico Britto TRUSTEE 1.00 X 0 0 0 Malik Brown TRUSTEE 1.00 X 0 0 0 Renold J Capocasale TRUSTEE 1.00 X 0 0 0 James Delaney TRUSTEE 1.00 X 0 0 0 Dominic DeMarco TRUSTEE 1.00 X 0 0 0 Jay Devine TRUSTEE 1.00 X 0 0 0 Brian DiSabatino TRUSTEE 1.00 X 0 0 0 Thomas M Dugan TRUSTEE 1.00 X 0 0 0 John C Ford TRUSTEE 1.00 X 0 0 0 John Furey TRUSTEE 1.00 X 0 0 0 Sr Maggie Gannon OSF TRUSTEE 1.00 X 0 0 0 Regina Haney EdD TRUSTEE 1.00 X 0 0 0 Sr Florence Hee OSF TRUSTEE 1.00 X 0 0 0 Sr Elizabeth Howe OSF MD FACEP TRUSTEE 1.00 X 0 0 0 Philip Jaurigue TRUSTEE 1.00 X 0 0 0 Pierce J Keating TRUSTEE 1.00 X 0 0 0 Richard Klineburger III Esq TRUSTEE 1.00 X 0 0 0 Anthony Latini Jr CFA TRUSTEE 1.00 X 0 0 0 Jeff Mullen TRUSTEE 1.00 X 0 0 0 Thomas P Phiambolis MD TRUSTEE 1.00 X 0 0 0 Michele A Szkolnicki RN FACHE CMP TRUSTEE 1.00 X 0 0 0 Steven Washkalavitch TRUSTEE 1.00 X 0 0 0 Chris Domes President 40.00 X X 423683 0 58391 Francesca Reed VP enrollment/marketing 40.00 X 182963 0 10063 Carrie Snyder VP Advancement 40.00 X 177326 0 9890 David Brownlee VP HR & Risk Mgt 40.00 X 171335 0 11044 Eugene McWilliams VP Finance & Admin 40.00 X 163080 0 17943 Alexandra Salas VP Digital learning & innovation 40.00 X 153789 0 20832 Bruce Cairnduff CFO/VP Admin 40.00 X 149558 0 13677 Richard Hartwell CIO 40.00 X 135325 0 16584 Eric Wellington Dean, Business & Info Mgt 40.00 X 170907 0 29921 Theresa Pietsch Dean, Nursing 40.00 X 137712 0 16784 Christina Farrell AVP 40.00 X 134146 0 28193 Janet Massey Faculty 40.00 X 129031 0 15005 Jillian Donnelly Exec Dir, Adult & Cont Ed 40.00 X 128431 0 19893 Leanne Asimos Dean, Academic Engagement 40.00 X 125764 0 20043 2383050 0 288263 27 0 1 0 Sodexo Operations LLC 4880 Paysphere Circle Chicago IL 60674 FOOD SERVICE 2394832 ARAMARK PO BOX 33170 NEWARK NJ 07188 FACILITY SERVICES & CONSTRUCTION MANAGEM 1648814 SUNSTATES SECURITY LLC 801 CORPORATE CENTER DRIVE RALEIGH NC 27607 CAMPUS SECURITY SERVICES 1430724 ECMB INSURANCE BROKERS 1400 N PROVIDENCE ROAD MEDIA PA 19063 INSURANCE BROKERS AND CONSULTANTS 585965 NOVACARE REHABILITATION 623 S CHESTER ROAD SWARTHMORE PA 19081 ATHLETIC TRAINING SERVICES 346965 12 116667 130500 1574524 1581908 63571 3403599 TUITION AND FEES 611310 59222245 59222245 AUILIARY SERVICES 611310 10204120 10204120 69426365 894315 894315 806747 926313 -119566 -119566 -74566 -45000 28039850 203412 26033404 44000 2006446 159412 2165858 159412 2006446 58203 116667 58203 0 14045 2711 11334 11334 665223 661367 3856 3856 EVENT INCOME 900099 278296 275208 3088 RESIDENCE REVENUE 531390 263670 263670 CHILD DEVELOPMENT CENTER 611310 252280 252280 118059 19647 98412 912305 76698066 69605424 200642 3488401 X 27618274 27618274 1415928 1069141 346787 19549585 16648699 2315630 585256 807059 614125 154595 38339 3292764 2144543 1025768 122453 1496535 1196244 232040 68251 248361 33680 214681 284243 284243 10063365 4471808 5381677 209880 758633 713651 44982 994388 786691 184915 22782 1180478 651762 528716 2289975 1320984 968991 501922 421292 64391 16239 142273 126272 14572 1429 2000492 1842090 158402 4054711 2705310 1218496 130905 652083 599 651484 OTHER 1355684 935908 366598 53178 OTHER EDUCATIONAL 468586 338364 130222 ENTERTAINMENT 207297 97932 103301 6064 MEMBERSHIP DUES 190346 114410 75621 315 79572982 62782638 15188466 1601878 10137 8107 1583374 4675773 1721726 1707240 1865377 2444492 479068 464546 525711 333590 180415848 82214202 100779130 98201646 29388711 24703662 2932986 2998341 382855 211585 2102121 2245967 141771196 137994949 4078813 3690830 22862 462181 39038699 36690834 3000000 3000000 9586301 9336301 3176267 3293909 58902942 56474055 X 63899610 61054802 18968644 20466092 82868254 81520894 141771196 137994949 X -2874916 337557 1189999 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27685564 112020 2868003 664619 5451466 24549502 34345734 525139 3773374 601523 10357160 27685564 42093831 331663 -5814765 559449 705546 35345734 34356239 235181 9022513 546500 973602 42093831 33851929 997261 1867998 216540 2144409 34356239 0.28380 0.71620 0 0 16188794 16188794 121835342 43940476 77894866 25690011 22693681 2996330 16701701 15580045 1121656 98201646 STUDENT DEPOSITS AND ADVANCE PAYMENTS 1047942 LEASE LIABILITY 2245967 3293909 X 52008302 337557 -26527133 -26189576 78197878 148782 -1648594 -1499812 76698066 53355662 1648594 1648594 51707068 148782 27717132 27865914 79572982 Part V, Line 4: ENDOWED FUNDS ARE USED TO PROVIDE SCHOLARSHIPS, OPERATING COSTS AND FUTURE PROJECTS Part X, Line 2: THE UNIVERSITY FOLLOWS THE FASB GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. 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. Part XI, Line 2d - Other Adjustments: STUDENT AID NETTED AGAINST REVENUES -27,618,274. EXTRAORDINARY RECOVERY 1,189,999. LEGAL FEES RELATED TO EXTRAORDINARY RECOVERY -98,858. Part XI, Line 4b - Other Adjustments: RENTAL EXPENSE -926,313. FUNDRAISING EXPENSE -58,203. GAMING EXPENSE -2,711. BOOKSTORE EXPENSE -661,367. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSE 926,313. FUNDRAISING EXPENSE 58,203. GAMING EXPENSE 2,711. BOOKSTORE EXPENSE 661,367. Part XII, Line 4b - Other Adjustments: STUDENT AID NETTED AGAINST REVENUES 27,618,274. LEGAL FEES RELATED TO EXTRAORDINARY RECOVERY 98,858. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 RACIALLY NON-DISCRIMINATORY POLICY APPEARS IN ALL ADVERTISEMENTS AND THE STUDENT AFFAIRS HANDBOOK. Schedule E, Part I, Line 6 NEUMANN UNIVERSITY RECEIVES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) INSTITUTIONAL ASSISTANCE FUNDS AS WELL AS FUNDS FROM THE DEPARTMENT OF EDUCATION AND THE STATE OF DELEWARE FOR FINANCIAL AID TO STUDENTS. GOLF OUTING 174870 116667 58203 1900 18959 25421 11923 174870 116667 58203 1900 18959 25421 11923 58203 0 1 1 STUDENT AID 1888 27618274 PART I, LINE 2: NEUMANN UNIVERSITY'S PROCESS FOR MONITORING FINANCIAL AID AND MONITORING GRANT FUNDS IS A COMBINATION OF PROCEDURES INVOLVING THE FOLLOWING OFFICES: FINANCIAL AID, INSTITUTIONAL ADVANCEMENT, REGISTRAR, AND THE BUSINESS OFFICE. INSTITUTIONAL ADVANCEMENT AND THE FINANCIAL AID OFFICE AWARD SCHOLARSHIPS AND GRANTS ACCORDING TO THE SPECIFICATIONS/REQUIREMENTS OF THE SPECIFIC AWARD. THE FINANCIAL AID OFFICE, REGISTRAR, AND BUSINESS OFFICE COORDINATE THE AWARDING AND DOCUMENTATION OF FINANCIAL AID TO INCLUDE ELIGIBILITY OF FINANCIAL AID, NOTIFICATION OF STUDENTS, CHANGE OF STATUS, AND RECONCILEMENT OF STUDENT AWARDS. X X X X 1 1 X X 0 1 0 0 0 0 0 0 0 Chris Domes President 399683 0 0 0 24000 0 42290 0 16101 0 482074 0 0 0 Eric Wellington Dean, Business & Info Mgt 170907 0 0 0 0 0 9474 0 20447 0 200828 0 0 0 Francesca Reed VP enrollment/marketing 182963 0 0 0 0 0 10063 0 0 0 193026 0 0 0 Carrie Snyder VP Advancement 177326 0 0 0 0 0 9890 0 0 0 187216 0 0 0 David Brownlee VP HR & Risk Mgt 171335 0 0 0 0 0 5894 0 5150 0 182379 0 0 0 Eugene McWilliams VP Finance & Admin 163080 0 0 0 0 0 8970 0 8973 0 181023 0 0 0 Alexandra Salas VP Digital learning & innovation 153789 0 0 0 0 0 8000 0 12832 0 174621 0 0 0 Bruce Cairnduff CFO/VP Admin 149558 0 0 0 0 0 0 0 13677 0 163235 0 0 0 Christina Farrell AVP 134146 0 0 0 0 0 7764 0 20429 0 162339 0 0 0 Theresa Pietsch Dean, Nursing 137712 0 0 0 0 0 8040 0 8744 0 154496 0 0 0 Richard Hartwell CIO 135325 0 0 0 0 0 7611 0 8973 0 151909 0 0 0 Part I, Line 1a NEUMANN UNIVERSITY PROVIDES FOR TRAVEL FOR THE PRESIDENT'S WIFE FOR BUSINESS TRIPS WHERE THE PARTICIPATION OF THE SPOUSE IS EXPECTED. PER THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE OF $2,000 PER MONTH PART I, LINE 4b DR. CHRIS E. DOMES, PRESIDENT, HAD A CONTRIBUTION INTO HIS 457(b) PLAN IN THE AMOUNT OF $22,500. A DELEWARE COUNTY AUTHORITY 231973437 246008NU6 2016-01-28 18625494 CONSTRUCTION FINANCING & ADVANCED REFUNDING OF 2008 BONDS (SERIES 2016) 0 0 0 B DELEWARE COUNTY AUTHORITY 231973437 246008PQ3 2020-11-12 28965035 REFUND 2010 BOND ISSUE (SERIES 2020) 0 0 0 A 6715494 18625494 16248491 343600 558449 2036402 2016 0 1 1 1 B 6513171 28998171 2822753 213612 26092923 2020 1 0 1 1 A 0 0 1 1 0 0.01000 0.01000 0 0 0 B 0 0 1 1 0 0 0 0 A 0 1 0 0 0 0 1 SALOMON REINVESTMENT 8.000000000000 1 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, TOTAL PROCEEDS TOTAL PROCEEDS IN PART II LINE 3 FOR THE 2020 BONDS IS HIGHER THAN ISSUE PRICE REPORTED IN PART I DUE TO INVESTMENT EARNINGS ON RESERVE FUNDS. SCHEDULE K, PART III, LINE 9: THE ORGANIZATION DOES NOT HAVE ANY NONQUALIFIED BONDS. X 1 24999 AVERAGE HIGH/LOW X EQUIPMENT 1 24070 DONOR VALUE X MISCELLANEOUS 22 14502 DONOR VALUE 0 1 0 Form 990, Part VI, Section A, line 6 THE MEMBERS OF THE UNIVERSITY CONSIST OF THE CONGREGATIONAL MINISTER AND THE COUNCIL OF THE RELIGIOUS CONGREGATION OF THE SISTERS OF SAINT FRANCIS OF PHILADELPHIA. Form 990, Part VI, Section A, line 7a THE SISTERS OF SAINT FRANCIS RESERVE THE POWER TO CHOOSE THE PRESIDENT OF THE UNIVERSITY. Form 990, Part VI, Section A, line 7b THE SISTERS OF SAINT FRANCIS HAVE CERTAIN RESERVE POWER REGARDING DECISIONS OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11b THE FORM 990 IS SHARED WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, A FINAL COPY IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE THE FORM 990 IS FILED. THE ANNUAL FEDERAL NON-PROFIT TAX RETURN FORM, IRS FORM 990, APPLICABLE TO NEUMANN UNIVERSITY, IS COMPLETED AND SUBMITTED TO THE IRS BY THE NEUMANN UNIVERSITY ADMINISTRATION THROUGH THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. Form 990, Part VI, Section B, line 12c ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE UNIVERSITY PRESIDENT AND GENERAL COUNSEL REVIEW THE SIGNED STATEMENTS AND HANDLE ANY CONFLICTS OF INTEREST. INDIVIDUALS WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON THE MATTER. Form 990, Part VI, Section B, line 15 THE PRESIDENT HAS A CONTRACT WITH A TERM OF THREE YEARS. THE PRESIDENT'S COMPENSATION IS REVIEWED BY A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PROCESS (EVERY THREE YEARS) INCLUDES A REVIEW OF PEER COMPENSATION (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) - HUMAN RESOURCES SURVEY), THE UNIVERSITY'S MISSION AND VISION, ECONOMIC CLIMATE FOR THE REGION, AND THE ACHIEVEMENT OF GOALS AS CONTAINED IN THE STRATEGIC PLAN. WHEN THIS PROCESS IS COMPLETED, THE PRESIDENT'S COMPENSATION IS DECIDED AND INCLUDED IN THE ANNUAL BUDGET, WHICH IS APPROVED BY THE BOARD OF TRUSTEES. INCREASES IN COMPENSATION ARE CONSISTENT FOR ALL KEY EMPLOYEES AND OFFICERS OF NEUMANN UNIVERSITY AND INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE FOR UNIVERSITY EMPLOYEES IS A COMBINATION OF ECONOMIC CONDITIONS FOR THE REGION AND THE CUPA SURVEY. THIS REVIEW IS DOCUMENTED CONTEMPORANEOUSLY. Form 990, Part VI, Section C, line 19 ACCESS TO THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL NOT BE UNREASONABLY WITHHELD. Form 990, Part IX, line 11g AR COLLECTION: Program service expenses 0. Management and general expenses 1,103,743. Fundraising expenses 0. Total expenses 1,103,743. CONTRACTED SERVICES: Program service expenses 2,527,073. Management and general expenses 3,755,099. Fundraising expenses 209,880. Total expenses 6,492,052. FOOD: Program service expenses 1,869,989. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,869,989. MAINTENANCE CONTRACTS: Program service expenses 74,746. Management and general expenses 522,835. Fundraising expenses 0. Total expenses 597,581. Form 990, Part XI, line 9: EXTRAORDINARY GAIN 1,189,999. Form 990, Part XII, Line 2c: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SISTERS OF ST FRANCIS OF PHILADELPHIA 609 S COVENT ROAD ASTON PA 19014 CONGREGATION OF CATHOLIC WOMEN RELIGIOUS PA 501(c)(3) Line 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0