2024-11-08T16:02:43-06:00 2024-06-30 251638525 GROSSMAN YANAK & FORD LLP 444 LIBERTY AVENUE SUITE 500 PITTSBURGH PA 15222 990 2023-07-01 251065148 GROVE CITY COLLEGE GROV 7244582216 100 CAMPUS DRIVE GROVE CITY PA 161272104 MICHAEL R BUCKMAN VP FOR BUSINESS AND FINANCE 7244582216 2024-11-01 1 0 RICHARD E DYNOSKE P00095538 4123389300 2024-11-01 2023 2024-10-15 13:58:12Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 263922793 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION. 30 30 1584 100 210496 0 48170362 99726334 68291568 73117122 5075353 4884252 633399 778947 122170682 178506655 9353405 10745624 0 0 39723100 41828254 71681 67063 2752811 37455799 39393240 86603985 92034181 35566697 86472474 405995282 513031461 23577920 27582567 382417362 485448894 A SCHOOL OF HIGHER EDUCATION. 0 0 47038238 10723958 48383630 ACADEMIC INSTRUCTION 8144591 21666 5452704 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER 19112414 24733491 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 74295243 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 3142 0 1 1584 1 1 1 0 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO KY ME MD MA MI NH NY OH OK OR SC WA X MICHELLE WILLIAMS 7244582216 100 CAMPUS DRIVE GROVE CITY PA 16127 ALICE MORRE BATCHELDER ESQ TRUSTEE 0.50 X 0 0 0 EDWARD D BREEN TRUSTEE, CHAIRMAN 0.50 X 0 0 0 ELIZABETH BULETTE EDD TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR TRUSTEE 0.50 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 0.50 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 ELIZABETH HOPEMAN TRUSTEE 0.50 X 0 0 0 CRAIG W JONES TRUSTEE 0.50 X 0 0 0 ROBB JONES ESQ TRUSTEE 1.00 X 0 0 0 WENDY MASCIO TRUSTEE 0.50 X 0 0 0 JODY LYNNE MATHIE MD TRUSTEE 0.50 X 0 0 0 ANNE M MCCLELLAND TRUSTEE 0.50 X 0 0 0 GLEN MEAKEM TRUSTEE 0.50 X 0 0 0 WILLIAM A MEHAFFEY TRUSTEE 0.50 X 0 0 0 DOUGLAS MUETZEL TRUSTEE 0.50 X 0 0 0 DAWN M OWENS TRUSTEE 0.50 X 0 0 0 RALEIGH PETERS TRUSTEE 0.50 X 0 0 0 DAVID PORTER ESQ TRUSTEE 1.00 X 0 0 0 JOHN A SCHWAB ESQ TRUSTEE 0.50 X 0 0 0 RICHARD SEMS TRUSTEE 0.50 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 KIRON SKINNER TRUSTEE 0.50 X 0 0 0 WILLIAM STEWART TRUSTEE 0.50 X 0 0 0 ALLISON BAIRD SVEDA TRUSTEE 0.50 X 0 0 0 DONALD C TEMPLIN TRUSTEE 0.50 X 0 0 0 JANA VOLANTE WALSHAK TRUSTEE 0.50 X 0 0 0 DAVID DEAN WEAVER TRUSTEE 0.50 X 0 0 0 DOUGLAS K WICKER TRUSTEE 0.50 X 0 0 0 CAROL M YANNUZZI TRUSTEE 0.50 X 0 0 0 PAUL J MCNULTY JD PRESIDENT 40.00 X 362590 0 72638 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITMENT 40.00 X 132568 0 19170 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINESS AND FINANCE 40.00 X 193141 0 24880 SUSAN C GRIMM VICE PRESIDENT FOR OPERATIONS 40.00 X 123046 0 21109 VINCE DISTASI PHD VICE PRESIDENT FOR INFORMATION TECHNOLOGY, CHIEF I 40.00 X 134353 0 22770 LARRY HARDESTY VICE PRESIDENT FOR STUDENT LIFE AND LEARNING 40.00 X 127552 0 23097 JOHN INMAN PHD VICE PRESIDENT FOR INSTITUTIONAL SUPPORT AND INITI 40.00 X 127328 0 14552 PETER FRANK PHD PROVOST AND VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 X 184179 0 45320 JEFF PROKOVICH VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 40.00 X 160419 0 13034 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL FOR SCIENCE, ENGINEERING, AND 40.00 X 183731 0 10683 CHRISTY CRUTE ASSOCIATE DEAN OF GRADUATE AND ONLINE PROGRAMS 40.00 X 156982 0 14941 MICHELLE MCFEATERS DEAN, SCHOOL OF BUSINESS 40.00 X 141058 0 20579 PAUL KENGOR PROFESSOR OF POLITICAL SCIENCE 40.00 X 130659 0 50066 YVONNE ENGLISH DIRECTOR OF ENTREPRENEURSHIP & INNOVATION 40.00 X 132443 0 15000 2290049 0 367839 43 0 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 7014616 LANDAU BUILDING COMPANY 4377 WILLIAM FLYNN HWY ALLISON PARK PA 15101 CONSTRUCTION SERVICES 5531747 PARKHURST DINING LLC PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICE MGMT 3591461 SMITHGROUP INC ONE PPG PI PITTSBURGH PA 15222 CONSTRUCTION SERVICES 2310850 PRINTING CONCEPTS INC 4982 PACIFIC AVENUE ERIE PA 16506 PRINTING AND MAILING SERVICES 805241 17 99726334 8946199 99726334 ACADEMIC TUITION/FEES 611600 48383630 48383630 ROOM AND BOARD FEES 611710 23539393 23539393 BOOKSTORE 611710 1194099 1194099 73117122 1663379 1553340 110039 88637011 85416138 3220873 3220873 3220873 MISC INCOME 900099 690205 678490 11715 CONFERENCES 531390 88742 88742 778947 178506655 78569825 210496 0 21666 21666 10633408 10633408 90550 90550 1488977 1328558 160419 32482359 26394989 4808007 1279363 2107908 1613961 398867 95080 3472959 2659708 656541 156710 2276051 1741997 432564 101490 54232 54232 132024 132024 67063 67063 1215295 673680 445174 96441 1221667 99645 768762 353260 2161097 941694 1081900 137503 2445770 1725503 670157 50110 5806131 5404824 366027 35280 1394257 1002510 302751 88996 360455 360455 10802064 9358476 1385255 58333 44635 44635 CONTRACT BOARD FEES 7047166 7047166 OTHER EXPENSES 3094584 1756908 1312482 25194 EQUIPMENT, MAINTENANCE, 2768442 2238502 482371 47569 BOOKSTORE MERCHANDISE 845421 845421 92034181 74295243 14986127 2752811 6064848 12071314 43088755 110847100 158946 163785 348716 332172 2058753 2517866 361006569 194549223 152527409 166457346 106491105 114218359 88433813 99799108 6822937 6624411 405995282 513031461 4574384 7511569 2531351 2360404 2069267 1034633 14402918 16675961 23577920 27582567 X 151635044 163478684 230782318 321970210 382417362 485448894 405995282 513031461 X 86472474 15511601 1047457 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 203172833 63322954 18501133 -10723958 2504384 276777346 188348089 10320353 11793773 -9331739 2042357 203172833 192578371 7321067 -4346119 -9628474 2423244 188348089 146352920 8562687 42098893 -10059738 5623609 192578371 143570957 8869978 -1377324 -8502219 3791528 146352920 1.00000 1 0 3255207 3255207 278523774 152216160 126307614 58083286 42333063 15750223 21144302 21144302 166457346 INVESTMENTS - OTHER SECURITIES 99799108 F 99799108 LINE OF CREDIT 14992918 FINANCIAL LEASE OBLIGATIONS 502147 OPERATING LEASE OBLIGATIONS 1180896 16675961 X 195065713 15511601 1047457 16559058 178506655 0 178506655 92034181 0 92034181 0 92034181 PART III, LINE 1A: THE COLLEGE HAS A COLLECTION OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS WHICH ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH. THEY HAVE HISTORICALLY NOT BEEN DISPOSED OF FOR SIGNIFICANT FINANCIAL GAIN OR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENTS INCLUDE DONOR-RESTRICTED ENDOWMENT FUNDS. APPROXIMATELY 90% OF THE FUNDS ARE RESTRICTED FOR FINANCIAL AID PURPOSES, 7% FOR OPERATIONS, AND 3% FOR PHYSICAL PLANT. PART X, LINE 2: GROVE CITY COLLEGE'S FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2024 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. GROVE CITY COLLEGE IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 604,457. CHANGE IN VALUE OF CHARITABLE TRUST 443,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS 0 EUROPE 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 454831 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 38658 EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 69808 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 49508 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 2217 EUROPE 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 37288 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 196 0 0 0 0 0 0 652506 0 652506 SCHOLARSHIPS EUROPE 18 46900 CREDIT ON ACCOUNT BOOK VALUE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 6425 CREDIT ON ACCOUNT BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 3 29900 CREDIT ON ACCOUNT BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 2 7325 CREDIT ON ACCOUNT BOOK VALUE 0 0 0 0 0 0 X X X X X 1 AWESOME FILMS LLC 3426 BETHOVEN ST PITTSURGH PA 15219 0 0 67063 -67063 67063 -67063 AL CA FL GA IL MO NJ NM NC ND PA RI TN WV WI LA KS 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 0 CONTRIBUTION 0 1 SCHOLARSHIPS 1486 10633408 0 BOOK VALUE N/A PART I, LINE 2: ALL SCHOLARSHIPS ARE PROVIDED AS A CREDIT TO THE STUDENT TO COVER CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. PART I, LINE 2 ALL SCHOLARSHIPS ARE PROVIDED AS A CREDIT TO THE STUDENT TO COVER CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. X X X X 1 1 X X X X 0 0 0 0 0 1 0 0 0 PAUL J MCNULTY JD PRESIDENT 330168 0 32422 0 0 0 26337 0 46301 0 435228 0 0 0 PETER FRANK PHD PROVOST AND VICE PRESIDENT OF ACADEM 184179 0 0 0 0 0 13837 0 31483 0 229499 0 0 0 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINESS AND FINA 169365 0 23776 0 0 0 13850 0 11030 0 218021 0 0 0 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL FOR SCIENCE, EN 183731 0 0 0 0 0 9597 0 1086 0 194414 0 0 0 PAUL KENGOR PROFESSOR OF POLITICAL SCIENCE 130659 0 0 0 0 0 10778 0 39288 0 180725 0 0 0 JEFF PROKOVICH VICE PRESIDENT FOR INSTITUTIONAL ADV 160419 0 0 0 0 0 12723 0 311 0 173453 0 0 0 CHRISTY CRUTE ASSOCIATE DEAN OF GRADUATE AND ONLIN 156982 0 0 0 0 0 10664 0 4277 0 171923 0 0 0 MICHELLE MCFEATERS DEAN, SCHOOL OF BUSINESS 141058 0 0 0 0 0 9650 0 10929 0 161637 0 0 0 VINCE DISTASI PHD VICE PRESIDENT FOR INFORMATION TECHN 134353 0 0 0 0 0 10382 0 12388 0 157123 0 0 0 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITME 132568 0 0 0 0 0 6851 0 12319 0 151738 0 0 0 LARRY HARDESTY VICE PRESIDENT FOR STUDENT LIFE AND 127552 0 0 0 0 0 10722 0 12375 0 150649 0 0 0 PART I, LINE 6 THE PRESIDENTS' BONUS IS DETERMINED EACH YEAR BY CRITERIA SET FORTH BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INCLUDING SUBJECTS SUCH AS: FUNDRAISING, FINANCIAL PERFORMANCE RELATED TO THE COLLEGE'S OPERATING BUDGET, STRATEGIC PLANNING OUTCOMES, AND ENROLLMENT TARGETS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 10%. THE VICE PRESIDENT FOR BUSINESS AND FINANCE MAY RECEIVE A BONUS EACH YEAR WITH CRITERIA SET FORTH BY THE PRESIDENT INCLUDING SUBJECTS SUCH AS: STRATEGIC PLANNING OUTCOMES, RESOURCE MANAGEMENT, PROCESS IMPROVEMENT EFFICIENCIES, INCREASED REVENUE, WORKING CAPITAL MANAGEMENT, AND BUDGET MANAGEMENT. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 15%. SUSAN GRIMM OFFICER 5223 TUITION GRANT TUITION ASSISTANCE PETER FRANK OFFICER 24115 TUITION REMISSION TUITION ASSISTANCE JANICE INMAN SPOUSE OF CURRENT OFFICER 55030 REPORTABLE WAGES 0 X 0 X 0 X 87 8939037 HIGH/LOW AVERAGE X 58 0 X EVENT EXPENSES 4 2963 RECEIPTS X PRECIOUS METALS 1 2295 HIGH/LOW AVERAGE MAR X TRAVEL EXPENSE 5 1904 RECEIPTS 0 0 1 1 PART I, LINE 32B: UBS RECEIVES AND SELLS STOCK GIFTS. PART I, LINE 33: RELATED TO LINE 4 - THE COLLEGE RECEIVED MULTIPLE BOOKS SUCH AS BIOGRAPHIES AND ACADEMIC WORKS. RELATED TO LINE 5 - THE COLLEGE RECEIVED USED HOUSEHOLD ITEMS SUCH AS A COFFEE MACHINE AND HANGING RODS. RELATED TO LINE 18 - THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS AND OTHER MEMORABILIA. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990 AND 990T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED, AND APPROVED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE. THE FULL 990 AND 990T FORMS AND SCHEDULES, EXCEPT FOR REDACTED NAMES AND ADDRESSES ON FORM 990 SCHEDULE B, ARE PROVIDED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW AND COMMENT. FOLLOWING THAT REVIEW, THE FULL 990 AND 990T FORMS AND SCHEDULES, EXCEPT FOR REDACTED NAMES AND ADDRESSES ON FORM 990 SCHEDULE B, ARE PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND COMMENT. THE FORMS AND SCHEDULES ARE THEN FILED ELECTRONICALLY WITH THE IRS BY THE COLLEGE'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S OFFICERS AND TRUSTEES MUST SUBMIT A QUESTIONNAIRE EACH YEAR BY AUGUST 31ST TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT FOR BUSINESS AND FINANCE PROVIDES THE PRESIDENT OF THE COLLEGE WITH A LIST OF CURRENT COMPENSATION FOR ALL OFFICERS AND AT TIMES WILL INCLUDE COMPENSATION SURVEY INFORMATION FOR COMPARABLE COLLEGES AND UNIVERSITIES. THE PRESIDENT THEN REVIEWS THIS INFORMATION AND MAKES COMPENSATION RECOMMENDATIONS FOR THE EIGHT VICE PRESIDENTS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S RECOMMENDATIONS AND DETERMINES THE COMPENSATION FOR THE ENSUING YEAR FOR EACH VICE PRESIDENT AND REPORTS THEIR DECISION TO THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, DETERMINED, AND APPROVED BY THE EXECUTIVE COMMITTEE AND THEN REVIEWED WITH AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE APPROVAL OF SUCH COMPENSATION IS DOCUMENTED IN BOTH THE MINUTES OF THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THIS PROCESS IS UNDERTAKEN ANNUALLY FOR THE FOLLOWING POSITIONS (LAST UNDERTAKEN IN MAY 2024): PRESIDENT PROVOST AND VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT FOR INFORMATION TECHNOLOGY, CHIEF INFORMATION OFFICER VICE PRESIDENT FOR OPERATIONS VICE PRESIDENT FOR STUDENT LIFE AND LEARNING VICE PRESIDENT FOR ADVANCEMENT VICE PRESIDENT FOR BUSINESS AND FINANCE VICE PRESIDENT FOR INSTITUTIONAL SUPPORT AND INITIATIVES VICE PRESIDENT FOR STUDENT RECRUITMENT FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT PUBLICLY DISTRIBUTED BUT ARE AVAILABLE UPON REQUEST. THE SUMMARY FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COLLEGE'S ANNUAL REPORT. THE COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED UNDER THE PUBLIC DISCLOSURE LAW. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 604,457. CHANGE IN VALUE OF CHARITABLE TRUST 443,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.