2023-04-05T15:11:26-05:00 2022-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2021-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 MARK VAN ETTEN VP, FINANCE AND ADMIN/TREAS. 5706746400 2023-04-04 1 MARK VAN ETTEN XXX-XX-XXXX KERRI N BOGDA CPA P00760402 7177404863 2023-04-04 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DANIEL J MYERS PHD 301 LAKE STREET DALLAS PA 186121090 106272791 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 32 30 1183 30 108129 0 6515830 9451141 80117901 78028919 3575332 4381053 321178 565391 90530241 92426504 28801616 29755296 0 0 35169350 34636228 7948 116 1099844 20365749 23335336 84344663 87726976 6185578 4699528 224506734 215289512 63178153 61171473 161328581 154118039 X MISERICORDIA UNIVERSITY, A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY, FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME.VALUES STATEMENT: SISTERS OF MERCY AS THE FOUNDATION COMMUNITY, WE ARE COMMITTED TO INTEGRITY AND THE VALUES OF THE SISTERS OF MERCY AND THE FOUNDATION OF UNIVERSITY LIFE. OUR VALUES ARE: MERCY THROUGH COMPASSION, LOVE AND CARING; SERVICE THROUGH SELFLESSNESS, SACRIFICE AND ACTION; JUSTICE THROUGH FAIRNESS, ACCEPTANCE AND ADVOCACY; HOSPITALITY WITH DIGNITY, RESPECT AND OPENNESS. 0 0 78571198 29755296 78399967 MISERICORDIA UNIVERSITY IS A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY IN 1924. THE UNIVERSITY FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMPUTER SCIENCE, ENGLISH, ENVIRONMENTAL STUDIES, GOVERNMENT, LAW AND NATIONAL SECURITY, HISTORY, INFORMATION TECHNOLOGY, MATHEMATICS, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY, PSYCHOLOGY, AND STATISTICS AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. DUAL CREDENTIALS ARE AVAILABLE IN HISTORY/MBA, HISTORY/ORGANIZATIONAL MANAGEMENT, PHILOSOPHY/ORGANIZATIONAL MANAGEMENT AND PSYCHOLOGY/ORGANIZATIONAL MANAGEMENT. SPECIALIZATIONS IN PRE-LAW (ENGLISH, HISTORY, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY), PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY), PRE-DPT (BIOCHEMISTRY, BIOLOGY, MEDICAL AND HEALTH HUMANITIES), SECONDARY EDUCATION CERTIFICATION (BIOLOGY, CHEMISTRY, ENGLISH, MATHEMATICS), AND CITIZENSHIP CERTIFICATION IN HISTORY. THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS MAJOR DEGREE PROGRAMS IN DIAGNOSTIC MEDICAL SONOGRAPHY, EARLY CHILDHOOD & SPECIAL EDUCATION, HEALTH SCIENCE, MEDICAL IMAGING, MIDDLE LEVEL EDUCATION, NURSING BSN, RN-BSN, OCCUPATIONAL SCIENCE, SECONDARY EDUCATION AND SOCIAL WORK, AS WELL AS MINOR DEGREE PROGRAMS IN ADDICTIONS COUNSELING, GERONTOLOGY AND PATIENT NAVIGATION. CERTIFICATION PROGRAMS ARE AVAILABLE IN ADDICTIONS COUNSELING, AUTISM SPECTRUM DISORDERS, DIAGNOSTIC MEDICAL SONOGRAPHY, GERIATRIC CARE MANAGER, FAMILY NURSE PRACTITIONER, PATIENT NAVIGATION AND READING SPECIALIST.THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS DUAL CREDENTIALS IN HEALTH SCIENCE/SPEECH PATHOLOGY, MEDICAL IMAGING/DIAGNOSTIC MEDICAL SONOGRAPHY, AND NURSING DNP/BSN TO DNP, AS WELL AS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN ADULT-GERONTOLOGIC PRIMARY CARE NURSE PRACTITIONER, EDUCATION, FAMILY NURSE PRACTITIONER, NURSING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES, AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, NURSING, AND NURSING EDUCATION.THE COLLEGE OF BUSINESS OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, BUSINESS ADMINISTRATION, HEALTH CARE MANAGEMENT, MASS COMMUNICATION AND DESIGN, PROFESSIONAL STUDIES, AND SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATION IN PRE-DPT INCLUDES HEALTH CARE MANAGEMENT. GRADUATE PROGRAMS INCLUDE MASTERS OF BUSINESS ADMINISTRATION.MISERICORDIA UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE UNIVERSITY IS ALSO OFFICIALLY RECOGNIZED BY THE FOLLOWING ACCREDITING AGENCIES: ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS (CAAHEP), COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION, COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ACCREDITATION COUNCIL FOR BUSINESS EDUCATION, PENNSYLVANIA DEPARTMENT OF EDUCATION, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. VARIOUS OTHER STATE EDUCATION DEPARTMENTS ALSO RECOGNIZE THE UNIVERSITY'S ACADEMIC PROGRAMS.THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION. THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY, AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION.THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (ARC-PA) IS THE ACCREDITING AGENCY THAT PROTECTS THE INTERESTS OF THE PUBLIC AND PA PROFESSION BY DEFINING THE STANDARDS FOR PA EDUCATION AND EVALUATING PA EDUCATIONAL PROGRAMS WITHIN THE TERRITORIAL UNITED STATES TO ENSURE THEIR COMPLIANCE WITH THOSE STANDARDS. THE FOLLOWING STATEMENT IS PROVIDED BY ARC-PA: "THE ARC-PA HAS GRANTED ACCREDITATION - PROVISIONAL STATUS TO THE MISERICORDIA UNIVERSITY PHYSICIAN ASSISTANT PROGRAM SPONSORED BY MISERICORDIA UNIVERSITY. ACCREDITATION-PROVISIONAL IS AN ACCREDITATION STATUS GRANTED WHEN THE PLANS AND RESOURCE ALLOCATION, IF FULLY IMPLEMENTED AS PLANNED, OF A PROPOSED PROGRAM THAT HAS NOT YET ENROLLED STUDENTS APPEAR TO DEMONSTRATE THE PROGRAM'S ABILITY TO MEET THE ARC-PA STANDARDS OR WHEN A PROGRAM HOLDING ACCREDITATION-PROVISIONAL STATUS APPEARS TO DEMONSTRATE CONTINUED PROGRESS IN COMPLYING WITH THE STANDARDS AS IT PREPARES FOR THE GRADUATION OF THE FIRST CLASS (COHORT) OF STUDENTS. ACCREDITATION-PROVISIONAL DOES NOT ENSURE ANY SUBSEQUENT ACCREDITATION STATUS. IT IS LIMITED TO NO MORE THAN FIVE YEARS FROM MATRICULATION OF THE FIRST CLASS."THE TOTAL HEADCOUNT FOR FALL 2021 INCLUDED 2,240 STUDENTS. 78571198 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 1 3417 0 1183 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD HROMISIN ASSOCIATE VICE PRESIDENT OF FINANCE 5706746400 301 LAKE STREET DALLAS PA 18612 MARK ALLES TRUSTEE 0.20 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER BORTON TRUSTEE 0.20 X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 REVEREND MICHAEL BRYANT TRUSTEE 0.20 X 0 0 0 ALFRED CASALE MD TRUSTEE 0.20 X 0 0 0 CORNELIO CATENA TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS TRUSTEE - VICE-CHAIR 0.20 X X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 SR MARY ELLEN FUHRMAN RSM TRUSTEE 0.20 X 0 0 0 SR CAROL ANN GALLAGHER RSM TRUSTEE 0.20 X 0 0 0 THE HON TINA GARTLEY TRUSTEE 0.20 X 0 0 0 ADAM GRZECH ALUMNI BOARD CHAIR (RETIRED 6/17/22) 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 PHILIP JOHNSON TRUSTEE 0.20 X 0 0 0 DR JEFFREY R KILE TRUSTEE 0.20 X 0 0 0 BARBARA MACULLOCH TRUSTEE 0.20 X 0 0 0 MARJORIE MARQUART TRUSTEE 0.20 X 0 0 0 CARLA MCCABE TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 MAUREEN METZ TRUSTEE 0.20 X 0 0 0 DR DEIRDRE MULLAN RSM TRUSTEE 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE (RETIRED 6/17/22) 0.20 X 0 0 0 DR BRENNAN O'DONNELL TRUSTEE 0.20 X 0 0 0 MARK J OBERSTAEDT ESQ TRUSTEE 0.20 X 0 0 0 DAVID PAYNE JR TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI TRUSTEE - CHAIR 0.20 X X 0 0 0 DR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 LINDA THOMAS-HEMAK MD TRUSTEE (RETIRED 10/22/21) 0.20 X 0 0 0 MARK VAN LOON ESQ TRUSTEE 0.20 X 0 0 0 DANIEL J MYERS PHD PRESIDENT (EFFECTIVE 7/1/21) 60.00 X X 180039 0 43064 DAVID REHM VICE PRESIDENT 50.00 X 195393 0 58961 MARK VAN ETTEN TREASURER 50.00 X 170185 0 62019 KATHLEEN OWENS PHD PRESIDENT (RESIGNED EFF. 6/30/2021) 60.00 X 184109 0 22096 BARBARA SAMUEL SECRETARY (RETIRED 6/11/21) 50.00 X 152704 0 29743 JAMES ROBERTS CHIEF OF STAFF/SECRETARY (EFF. 6/21) 50.00 X 96281 0 11547 CHARLES RICHARDSON FACULTY MEMBER 40.00 X 154562 0 43406 SUSAN HELWIG VP - UNIV ADVANCEMENT (RET. 3/9/22) 50.00 X 182171 0 17217 BARBARA SCHWARTZ-BECHET DEAN COLL., HEALTH SCI. & EDUC. 40.00 X 165670 0 24993 SUSAN BARKER PROFESSOR 40.00 X 147797 0 37217 GLEN TELLIS PROFESSOR 40.00 X 150388 0 21533 1779299 0 371796 44 0 1 0 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 2581561 A PICKETT CONSTRUCTION INC 128 W VAUGHN ST KINGSTON PA 18704 CONSTRUCTION SERVICE 511728 PANZITTA ENTERPRISES 72 GEORGE AVENUE WILKESBARRE PA 18705 CONSTRUCTION SERVICE 506111 HEMMLER CAMAYD ARCHITECTS 512 LACKAWANNA AVENUE SCRANTON PA 18503 ARCHITECTS 319713 ASSESSMENT TECHNOLOGIES INSTITUTE LLC 62277 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 NURSING TEST PREP. 289582 26 29599 6198972 3222570 85658 9451141 STUDENT TUITION & FEES 611600 68674937 68674937 ROOM & BOARD 721310 9230078 9230078 CAMPUS STORE 451211 64418 64418 GOVERNMENT ADMIN FEE 561000 59486 59486 78028919 2988902 2988902 38797 38797 15183216 13829862 1353354 1353354 1353354 15391 29599 16425 -1034 -1034 AUTISM LIFELONG LEARNING 611310 151131 151131 STUDENT HEALTH CENTER 524114 119973 119973 OUTSIDE PRINTING REVENUE 561439 75057 75057 220264 164362 33072 22830 566425 92426504 78399967 108129 4467267 29755296 29755296 971344 971344 25087199 22000339 2538837 548023 3670046 3218465 323544 128037 1315146 1153323 115941 45882 3592493 3150454 316707 125332 174851 174851 60650 60650 59475 59475 116 116 213831 213831 3220701 2368816 781001 70884 729390 82446 646543 401 1649109 1400739 159103 89267 1510548 368252 1142296 2349460 2328479 20745 236 964322 825300 118273 20749 151524 113690 35834 2000 2400937 2379538 21399 6223636 6039414 184222 553707 553500 207 FOOD SERVICE 2605486 2478765 119904 6817 MEMBERSHIPS 330855 217528 110702 2625 JANITORIAL 115869 115869 ACADEMIC PROG. REIMBURS 20985 20985 87726976 78571198 8055934 1099844 25788 26215 22820570 22234688 6167072 4444925 1646677 1440576 224886 253440 181222 537026 200727707 85361858 117362538 115365849 66986775 63477909 1792808 1639045 445189 232608 6853209 5637231 224506734 215289512 5828091 5240828 4472400 3756619 49742569 48404557 3135093 3769469 63178153 61171473 X 112168118 108542400 49160463 45575639 161328581 154118039 224506734 215289512 X 4699528 -10510798 -1399272 X 0 1 X 1 1 1 X 6265054 6859912 4115442 6515830 9451141 33207379 6265054 6859912 4115442 6515830 9451141 33207379 1468654 31738725 1823133 2820822 2970072 2524320 3027699 13166046 137867 129624 117657 84223 102639 572010 46945435 408047684 0.67610 0.66960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STUDENT PARKING/FEES - 2017 AMOUNT: $ 75,395. 2018 AMOUNT: $ 65,730. 2019 AMOUNT: $ 55,893. 2020 AMOUNT: $ 44,167. 2021 AMOUNT: $ 22,830. NON-CHARITABLE FUNDRAISING RECEIPTS - 2017 AMOUNT: $ 12,205. 2018 AMOUNT: $ 14,803. 2019 AMOUNT: $ 13,696. 2021 AMOUNT: $ 15,391. CAMPUS STORE - 2017 AMOUNT: $ 50,267. 2018 AMOUNT: $ 49,091. 2019 AMOUNT: $ 48,068. 2020 AMOUNT: $ 40,056. 2021 AMOUNT: $ 64,418. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 59475 59475 0 PART II-B, LINE 1: THE DT FIRM CONDUCTED LEGISLATIVE NETWORKING ON BEHALF OF MISERICORDIA UNIVERSITY TO INTRODUCE THE UNIVERSITY INTO THE DECISION MAKING PROCESS FOR AVAILABLE GRANTS. THEY ALSO RELAYED POTENTIAL GRANT INFORMATION BACK TO MISERICORDIA UNIVERSITY AND ASSISTED IN FINDING NEW RESEARCH FUNDING OPPORTUNITIES. 0 1379590 X 0 69580395 1385824 -7665604 791449 222131 62287035 54968959 544573 15001689 743709 191117 69580395 54694934 755799 501952 808878 174848 54968959 52521742 938515 2270380 897753 137950 54694934 49223679 796976 3648322 881251 265984 52521742 0.48000 0.47000 0.05000 1 0 1915022 1915022 153785080 54693314 99091766 16218433 8063180 8155253 26412707 22605364 3807343 2396465 2396465 115365849 STUDENT DEPOSITS & ADVANCES 424604 ANNUITIES PAYABLE 7895 ADVANCE FROM FED. GOVT-STUD. LOANS 1640032 ASSET RETIREMENT OBLIGATIONS 16778 ACCRUED PENSION COST 368819 FINANCE & OPERATING LEASE OBLIG. 1311341 3769469 X 54276689 -10510798 -27655442 -38166240 92442929 -16425 -16425 92426504 61487231 16425 16425 61470806 26256170 26256170 87726976 PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF ARTWORK UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION ARE INTEGRAL PARTS OF THE FINE ARTS COLLECTION. PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. 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 WAS RECOGNIZED IN 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -1,215,979. MINIMUM PENSION LIABILITY ADJUSTMENT -183,293. STUDENT SCHOLARSHIPS -26,042,339. INVESTMENT FEES -213,831. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -16,425. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 16,425. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 26,042,339. INVESTMENT EXPENSES 213,831. GOLF TOURNAMENT 44990 29599 15391 8856 6535 1034 44990 29599 15391 8856 6535 1034 16425 -1034 1 STUDENT ACADEMIC SCHOLARSHIPS 1576 29755296 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH NUMEROUS SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING FUNDS. THE UNIVERSITY AWARDS THE GRANTS DIRECTLY TO OUTSTANDING BALANCES TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DAVID REHM VICE PRESIDENT 195393 0 0 0 0 0 34779 0 24182 0 254354 0 0 0 MARK VAN ETTEN TREASURER 170185 0 0 0 0 0 35136 0 26883 0 232204 0 0 0 DANIEL J MYERS PHD PRESIDENT (EFFECTIVE 7/1/21) 180039 0 0 0 0 0 23576 0 19488 0 223103 0 0 0 KATHLEEN OWENS PHD PRESIDENT (RESIGNED EFF. 6/30/2021) 184109 0 0 0 0 0 13438 0 8658 0 206205 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT (RET. 3/9/22) 182171 0 0 0 0 0 14707 0 2510 0 199388 0 0 0 CHARLES RICHARDSON FACULTY MEMBER 154562 0 0 0 0 0 12277 0 31129 0 197968 0 0 0 BARBARA SCHWARTZ-BECHET DEAN COLL., HEALTH SCI. & EDUC. 165670 0 0 0 0 0 13587 0 11406 0 190663 0 0 0 SUSAN BARKER PROFESSOR 147797 0 0 0 0 0 10740 0 26477 0 185014 0 0 0 BARBARA SAMUEL SECRETARY (RETIRED 6/11/21) 152704 0 0 0 0 0 19692 0 10051 0 182447 0 0 0 GLEN TELLIS PROFESSOR 150388 0 0 0 0 0 11162 0 10371 0 171921 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND THEIR FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND THEIR FAMILY WILL RESIDE IN THE HOME THROUGHOUT THEIR TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S EXECUTION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINE 4B DANIEL MYERS, PRESIDENT, PARTICIPATES IN A NON-QUALIFIED PLAN. THE UNIVERSITY DID NOT MAKE A CONTRIBUTION TO THE PLAN DURING THE CALENDAR YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AM7 2014-09-02 29617498 FULLY REFUND 2010-2012 TERM LOANS AND PARTIALLY REFUND THE 2008 BOND ISSUE. 0 0 0 B DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AR6 2019-02-13 30248089 FULLY REFUND THE REMAINING 2008 BOND ISSUE AND FINANCE CAPITAL PROJECTS. 0 0 0 A 9580000 29617498 2261458 490045 26679602 2014 1 0 1 1 B 390000 30552749 2440033 505732 20506378 6595000 2021 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DALLAS AREA MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/02/2019 SCHEDULE K, PART IV, LINE 4C: THE ORGANIZATION TERMINATED ITS HEDGE WHEN THE BOND ISSUE WAS REFINANCED IN SEPTEMBER 2014. SCHEDULE K, PART II, LINE 3: THE PROCEEDS INCLUDE INTEREST AND DIVIDENDS EARNED ON THE CONSTRUCTION FUND ACCOUNT. PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 29930 TUITION ASSISTANCE EMPLOYEE BENEFITS MAUREEN METZ BOARD MEMBER 2581561 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. MAUREEN METZ IS THE EXECUTIVE VICE PRESIDENT OF METZ CULINARY MANAGEMENT AND ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ CULINARY MANAGEMENT ARE CONDUCTED AT ARM'S LENGTH. 0 JOHN C METZ FORMER BOARD MEMBER 2581561 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ CULINARY MANAGEMENT. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ CULINARY MANAGEMENT AND ALSO SERVED AS A BOARD MEMBER OF THE UNIVERSITY WITHIN THE LAST FIVE YEARS. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ CULINARY MANAGEMENT ARE CONDUCTED AT ARM'S LENGTH. 0 X 4 66215 NYSE X ULTRASOUND MACHINE 1 12500 COST X DECOR-GALA 1 6943 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION, A COMPLETE COPY OF FORMS 990 AND 990-T ARE REVIEWED EXTENSIVELY BY THE UNIVERSITY'S FINANCIAL MANAGEMENT AREA IN CONSULTATION WITH THE UNIVERSITY'S INDEPENDENT TAX PROFESSIONALS. UPON COMPLETION OF THAT REVIEW PROCESS THE UNIVERSITY PROVIDES FORM 990 AND 990-T TO THE UNIVERSITY'S AUDIT COMMITTEE. THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD WHEN A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED BASED ON AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE UNIVERSITY'S GENERAL INSTITUTIONAL EMPLOYMENT POLICIES/EMPLOYEE BENEFITS POLICY MANUAL. AS A REQUIREMENT OF ITS PUBLIC DEBT RATING, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE POSTED ANNUALLY TO THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SITE OF THE MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") AT EMMA.MSRB.ORG. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -1,215,979. MINIMUM PENSION LIABILTY ADJUSTMENT -183,293. MU REAL ESTATE LLC 301 LAKE STREET DALLAS PA 18612 813351641 REAL ESTATE HOLDING COMPANY PA 0 755 MISERICORDIA UNIVERSITY PERPETUAL TRUST (1) INVESTMENTS PA PNC BANK T 0 PERPETUAL TRUST (1) INVESTMENTS PA BNY MELLON WEALTH MGT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0