2023-07-12T06:43:26-05:00 2022-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2021-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH SR VP OF FINANCE & OPERATIONS 4123923992 2023-06-30 1 BRIDGET MANCOSH 999009999 SUSAN M KIRSCH P00341397 4122613644 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRIS W BRUSSALIS 201 WOOD STREET PITTSBURGH PA 15222 149425673 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 22 21 1517 26 30335 0 10107391 13765930 110481834 113256120 1630029 -350183 160312 157662 122379566 126829529 43822028 47803507 0 0 45061670 44294340 43000 0 574875 34825532 36845479 123752230 128943326 -1372664 -2113797 213510842 203147496 68092581 63641220 145418261 139506276 X PROVIDES INNOVATIVE EDUCATION IN A DYNAMIC URBAN SETTING. DEDICATED TO ACADEMIC EXCELLENCE AND COMMUNITY ENGAGEMENT,WE PREPARE STUDENTS OF DIVERSE BACKGROUNDS WITH THE KNOWLEDGE, SKILL,AND EXPERIENCE TO LEAD MEANINGFUL LIVES AS INFORMED CITIZENS AND SUCCESSFUL PROFESSIONALS. 0 0 76062056 42750270 101914523 INSTRUCTION- INCLUDES 5 ACADEMIC SCHOOLS; SCHOOL OF ARTS & SCIENCES, ROWLAND SCHOOL OF BUSINESS, SCHOOL OF COMMUNICATION, CONVERSATORY OF PERFORMING ARTS, AND SCHOOL OF EDUCATION, SERVING 2,575 UNDERGRADUATE AND 930 GRADUATE STUDENTS (FALL 2021 CENSUS), AS WELL AS THE PITTSBURGH PLAYHOUSE WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. POPULAR AREAS OF STUDY ARE CRIMINAL JUSTICE & NATIONAL SECURITY, HUMANITIES & SOCIAL SCIENCES, LITERARY ARTS, NATURAL SCIENCES & ENGINEERING TECHNOLOGY, PSYCHOLOGY, ACCOUNTING, ECONOMICS, FINANCE, INFORMATION TECHNOLOGY, BUSINESS MANAGEMENT, SPORTS, ARTS, & ENTERTAINMENT MANAGEMENT, COMMUNICATIONS, CINEMA ARTS, DANCE, THEATRE, COMMUNITY ENGAGEMENT, & EDUCATION. IN ADDITION TO NUMBEROUS UNDERGRADUATE DEGREES, THE SCHOOL OFFERS TWENTY- TWO MASTER'S DEGREES AND THREE DOCTORAL DEGREES. INCLUDES PHYSICAL PLANT ALLOCATION. 29480520 4624372 677483 ACADEMIC SUPPORT & STUDENT SERVICES- ACADEMIC SUPPORT PROVIDES SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE & CENTER FOR TEACHING EXCELLENCE. STUDENT SERVICES INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVITIES, STUDENT AFFAIRS OFFICE, AS WELL AS 16 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. INCLUDES PHYSICAL PLANT ALLOCATION. 7756466 428865 10664114 AUXILIARY ENTERPRISES- SUPPORT OF DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. INCLUDES PHYSICAL PLANT ALLOCATION. 113299042 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 4996 0 1 1517 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 JOSEPH GRECO TRUSTEE/CHAIR 3.00 0.00 X X 0 0 0 MARY BETH TAYLOR TRUSTEE/VICE CHAIR (EXITED 7/2022) 3.00 0.00 X X 0 0 0 JOANN BANEY TRUSTEE 1.50 0.00 X 0 0 0 CHRIS W BRUSSALIS EDD TRUSTEE 1.50 0.00 X 0 0 0 DIANA BUCCO TRUSTEE (EXITED 10/2021) 1.50 0.00 X 0 0 0 LISA CIBIK MD TRUSTEE 1.50 0.00 X 0 0 0 JEFFREY COHEN TRUSTEE 1.50 0.00 X 0 0 0 MATT CUNNINGHAM TRUSTEE 1.50 0.00 X 0 0 0 REP AUSTIN DAVIS TRUSTEE 1.50 0.00 X 0 0 0 LOUIS DINARDO TRUSTEE 1.50 0.00 X 0 0 0 DAVID DUNCAN TRUSTEE 1.50 0.00 X 0 0 0 YALE GUTNICK ESQ TRUSTEE 1.50 0.00 X 0 0 0 RICK HASKINS TRUSTEE 1.50 0.00 X 0 0 0 JAMIE INFERRERA TRUSTEE 1.50 0.00 X 0 0 0 DONALD JENKINS TRUSTEE 1.50 0.00 X 0 0 0 DEAN JORDAN TRUSTEE 1.50 0.00 X 0 0 0 REP ROBERT MATZIE TRUSTEE (EXITED 7/2022) 1.50 0.00 X 0 0 0 J KEVIN MCMAHON TRUSTEE 1.50 0.00 X 0 0 0 JIMMY MILLER TRUSTEE 1.50 0.00 X 0 0 0 RICH PEGHER TRUSTEE 1.50 0.00 X 0 0 0 PEGGY SCHIAVONE EDD TRUSTEE 1.50 0.00 X 0 0 0 DARRELL SMALLEY TRUSTEE 1.50 0.00 X 0 0 0 RYAN STANA TRUSTEE 1.50 0.00 X 0 0 0 JACK TOMAYKO PH D TRUSTEE 1.50 0.00 X 0 0 0 SAURABH TRIPATHI TRUSTEE 1.50 0.00 X 0 0 0 DARRYL FORD WILLIAMS TRUSTEE (EXITED 7/2022) 1.50 0.00 X 0 0 0 DONALD GREEN PRESIDENT (ENTERED 7/11/2021) 40.00 0.25 X 258706 0 9538 BRIDGET MANCOSH SR VP OF FINANCE/ADM&BOA SEC. 40.00 0.25 X 291287 0 36440 MICHAEL SOTO PROVOST 40.00 0.00 X 136747 0 36671 ANDREW HUGHEY ENTERED 82022 SR. VP & GENERAL COUNSEL 40.00 0.00 X 0 0 0 LISA STEFANKO VP OF HR, EQUITY & INCLUSION 40.00 0.00 X 189499 0 69708 DARLENE MARNICH DEAN - SCH. OF EDUCATION 40.00 0.00 X 176586 0 52043 TRUDY WILLIAMS VP OF ENROLLMENT 40.00 0.00 X 173984 0 14914 KEITH PAYLO VP OF STUDENT AFFAIRS 40.00 0.00 X 153205 0 29375 STEPHEN TANZILLI DEAN ROW. SCHOOL OF BUSINESS 40.00 0.00 X 157171 0 14292 CHARLES PERKINS PROFESSOR 40.00 0.00 X 146458 0 21365 TIMOTHY WILSON ASSISTANT VP OF IT SERVICE 40.00 0.00 X 150061 0 44067 JAMES HARDT ASSOCIATE VP OF FINANCE 40.00 0.00 X 146715 0 17907 RON LINDBLOM - PROFESSOR (THRU 2/21) ADJUNCT (AS OF 1/22) 40.00 0.00 X 163008 0 2123 DIMITRIS KRANIOU PROFESSOR 40.00 0.00 X 142888 0 18748 KAREN MCINTYRE PROFESSOR & FORMER OFFICER 40.00 0.00 X 205657 0 26739 PAUL HENNIGAN FORMER OFFICER/PRESIDENT EMERITUS 40.00 0.00 X 536546 0 92976 STEVEN BREESE - FORMER KEY EMPLOYEE (EXITED 5/11/2021) 40.00 0.00 X 208862 0 7254 3237380 0 494160 62 1 1 0 CULINART 175 SUNNYSIDE BLVD PLAINVIEW NY 11803 FOOD SERVICE 2790098 ISS FACILITY SERVICES 908 PENN AVENUE PITTSBURGH PA 15222 CLEANING 2348768 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 ONLINE EDUC SERVICES 1590119 K-12 TEACHERS ALLIANCE 20624 ABBEY WOODS COURT NORTH FRANKFORT IL 60423 ONLINE EDUC SERVICES 830933 SEXTANT MARKETING 1860 N AVENIDA REPUBLICA DE CUBA TAMPA FL 33605 MARKETING 790941 29 41091 10141182 3583657 13765930 TUITION & EDUC. FEES 611710 101294389 101294389 ROOM & BOARD FEES 721310 10460306 10460306 STUDENT PERFORMANCES 711300 870067 870067 BOOKSTORE, CAFE & MISC. EVENTS 451211 631358 601023 30335 113256120 939452 939452 176047 176047 21215170 22504805 -1289635 -1289635 -1289635 72954 41091 91339 -18385 -18385 126829529 113225785 30335 -192521 37667 37667 47732730 47732730 33110 33110 2246105 1111499 1134606 710392 231968 478424 32093494 28435088 3402739 255667 1639696 1374453 249112 16131 5118719 4238314 831205 49200 2485934 2119326 348297 18311 988283 61735 926548 107709 107709 50057 50057 94779 94779 5669097 5054574 609571 4952 2389183 1401215 951235 36733 2106576 1823246 258983 24347 1355980 798317 557663 9064 9064 9135167 7374041 1678356 82770 936148 869754 57712 8682 552670 442021 102584 8065 6633063 5362127 1217527 53409 241187 64907 176280 FOOD SERVICES 2882640 2856140 24815 1685 LEGAL SETTLEMENTS 1600000 1600000 NON CAPITAL EQUIP 732591 663636 68955 0 EDUCATIONAL EXPENSES 504545 449595 54950 856740 754515 87302 14923 128943326 113299042 15069409 574875 6849621 8046997 15295185 17013468 499680 626228 1216725 1374934 239689 140651 1449171 1237494 236158361 110313529 130707847 125844832 56864169 48540259 388755 322633 213510842 203147496 5597628 5031004 9803318 10453895 42958251 39373714 60000 60000 9673384 8722607 68092581 63641220 X 115740203 112183908 29678058 27322368 145418261 139506276 213510842 203147496 X -2113797 -4963597 1165409 X X 0 1 X 1 1 1 X 3163254 2595696 4802807 10107391 13765930 34435078 3163254 2595696 4802807 10107391 13765930 34435078 1220622 33214456 1479529 1846811 1489147 1456277 1115499 7387263 12535 12535 41834876 626553802 0.79390 0.75890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50057 50057 128966786 129016843 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 56261 49404 49214 50057 204936 250000 250000 250000 250000 1000000 1500000 SCH C PART II-A LINE 1B LOBBYING TO PENNSYLVANIA STATE GOVERNMENT FOR VARIOUS LEGISLATION IN SUPPORT OF HIGHER ED. X 0 57517336 53675 -5512266 465732 1475934 50117079 49958794 61543 9326683 441389 1388295 57517336 46966012 72441 4704609 410727 1373541 49958794 47117897 240482 1203992 383446 1212913 46966012 42491282 1195996 4214320 367699 416002 47117897 0.57190 0.24690 0.18120 0 0 16210529 16210529 190294020 86113810 104180210 2443841 2227242 216599 26494686 21972477 4522209 715285 715285 125844832 NEW MARKETS TAX CREDIT 6750000 CONDITIONAL ASSET RETIREMENT OBLIGATION 1889226 ANNUITIES PAYABLE 34320 LOAN PROGRAM REFUNDABLE TO FEDERAL GOVERNMENT IF DISCONTINUED PROGRAM 49061 8722607 X 80495265 -4963597 -41367227 -46330824 126826089 94779 -91339 3440 126829529 86407250 91339 91339 86315911 94779 42532636 42627415 128943326 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL INVESTMENT ACCOUNTS ESTABLISHED TO FUND NUMEROUS PURPOSES. THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS. IT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS (THE "ENDOWMENT FUND") WHICH ARE CLASSIFIED AS EITHER TEMPORARILY OR PERMANENTLY RESTRICTED FUNDS, AND NON-DONOR UNRESTRICTED FUNDS THAT HAVE BEEN ESTABLISHED BY THE BOARD OF TRUSTEES (THE "BOARD") TO FUNCTION AS RESERVE-TYPE FUNDS (THE "BOARD- DESIGNATED RESERVE FUND"), WHICH ARE CLASSIFIED AS UNRESTRICTED FUNDS. AS REQUIRED BY GAAP, THE NET ASSETS OF THE UNIVERSITY'S ENDOWMENT ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE PURPOSE OF THE "ENDOWMENT FUND"- IS TO PRESERVE PERMANENTLY RESTRICTED DONOR GIFTS AND ACHIEVE LONG-TERM APPRECIATION TO MAIN THE ASSETS IN PERPETUITY. THE PURPOSE OF THE "BOARD- DESIGNATED RESERVE FUND"- IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT THE LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. 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. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT AUGUST 31, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID: -42,532,636 INTEREST RATE SWAPS: $1,165,409 TOTAL PART XII LINE 2D: -$ -41,367,227 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE: $ -91,339 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE: $91,339 TOTAL PART XIII LINE 2D: $91,339 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $42,532,636 TOTAL PART XIII LINE 4B: $42,532,636 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES IN ITS BYLAWS, CATALOGS AND WEBSITE A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. SCHEDULE E, PART I, LINE 6 COMMONWEALTH OF PA: HIGHER EDUCATION ASSISTANCE GRANT & CARES ACT PA FEDERAL: PELL, SEOG, VA, OFFICE OF WOMEN'S PUBLIC HEALTH, & CARES ACT FUNDS 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 10507 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROGRAM DEVELOPMENT 7546 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 33110 0 0 0 0 0 0 53163 0 53163 STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 3 33110 N/A 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: FINANCIAL AID AWARDS TO STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. PART III ACCOUNTING METHOD: GOLF PIONEER EVENT 92500 31103 61397 62531 19040 419 GOLF ATHLETICS EVENTS 21545 9988 11557 6032 2818 499 114045 41091 72954 68563 21858 918 91339 -18385 1 CHUCK COOPER FOUNDATION 49 THOMCREST DRIVE PITTSBURGH PA 15235 274722527 501(C)(3) 7500 0 N/A N/A OUTREACH TO UNDERSERVED STUDENTS SEARCHLIGHT NEW MEXICO 202 E MARCY STREET SANTA FE NM 87501 813234552 501(C)(3) 14000 0 N/A N/A INNOVATIVE MEDIA DEVELOPMENT 2 0 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 2479 42502026 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 31 428865 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER PROGRAMS 102 215134 N/A N/A CARES ACT FUNDS ALLOCATED TO STUDENT RELIEF 3647 4580705 N/A N/A INVESTIGATIVE JOURNALISM FELLOWSHIPS 1 6000 N/A N/A PART I, LINE 2: FINANCIAL AID AWARDS TO STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 PAUL HENNIGAN FORMER OFFICER/PRESIDENT EMERITUS 426550 0 0 0 109996 0 69205 0 23771 0 629522 0 60000 0 BRIDGET MANCOSH SR VP OF FINANCE/ADM&BOA SEC. 261029 0 30000 0 258 0 9499 0 26941 0 327727 0 0 0 DONALD GREEN PRESIDENT (ENTERED 7/11/2021) 200573 0 50000 0 8133 0 0 0 9538 0 268244 0 0 0 LISA STEFANKO VP OF HR, EQUITY & INCLUSION 176077 0 7500 0 5922 0 6329 0 63379 0 259207 0 0 0 KAREN MCINTYRE PROFESSOR & FORMER OFFICER 174845 0 0 0 30812 0 5760 0 20979 0 232396 0 0 0 DARLENE MARNICH DEAN - SCH. OF EDUCATION 165110 0 0 0 11476 0 5358 0 46685 0 228629 0 0 0 STEVEN BREESE - FORMER KEY EMPLOYEE (EXITED 5/11/2021) 50497 0 0 0 158365 0 1587 0 5667 0 216116 0 0 0 TIMOTHY WILSON ASSISTANT VP OF IT SERVICE 149923 0 0 0 138 0 5110 0 38957 0 194128 0 0 0 TRUDY WILLIAMS VP OF ENROLLMENT 168600 0 5000 0 384 0 5888 0 9026 0 188898 0 0 0 KEITH PAYLO VP OF STUDENT AFFAIRS 152957 0 0 0 248 0 5428 0 23947 0 182580 0 0 0 MICHAEL SOTO PROVOST 123607 0 0 0 13140 0 0 0 36671 0 173418 0 0 0 STEPHEN TANZILLI DEAN ROW. SCHOOL OF BUSINESS 156975 0 0 0 196 0 5335 0 8957 0 171463 0 0 0 CHARLES PERKINS PROFESSOR 136797 0 0 0 9661 0 11052 0 10313 0 167823 0 0 0 RON LINDBLOM - PROFESSOR (THRU 2/21) ADJUNCT (AS OF 1/22) 21000 0 0 0 142008 0 1613 0 510 0 165131 0 0 0 JAMES HARDT ASSOCIATE VP OF FINANCE 146351 0 0 0 364 0 5175 0 12732 0 164622 0 0 0 DIMITRIS KRANIOU PROFESSOR 134220 0 0 0 8668 0 10719 0 8029 0 161636 0 0 0 PART I, LINE 1A DR. DON GREEN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE UNIVERSITY PAYS FOR THE DUES OF THE PRESIDENT TO BUSINESS CLUBS WHICH HAVE BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING SIGNIFICANT IMPACT ON FUNDRAISING AND THE UNIVERSITY'S ROLE IN THE DOWNTOWN COMMUNITY. DUES ARE NOT TAXABLE. PART I, LINES 4A-B STEVEN BREESE WAS PAID $150,000 IN SEVERANCE. RON LINDBLOM WAS PAID $141,969 IN SEPARATION. PAUL HENNIGAN PARTICIPATES IN POINT PARK UNIVERSITY'S 457(F) PLAN. ANNUAL ACCRUALS TO THE PLAN ($60,000) ARE DISCLOSED IN PART II, COL C. UPON PAYMENT THE AMOUNTS INCLUDING INVESTMENT EARNINGS, ARE REPORTED IN PART II, COLUMN B AND THEREFORE, $96,228 WAS REPORTED FOR THE CURRENT YEAR. BECAUSE THE CURRENT YEAR PRINCIPAL PAYOUT OF $60,000 WAS ACCRUED AND REPORTED ON A PRIOR YEAR FORM 990, $60,000 IS REPORTED IN PART II, COLUMN F. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVE COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. PART II, COLUMN D: THE NON-TAXABLE BENEFITS REPORTED ON SCHEDULE J PRIMARILY INCLUDE THE FOLLOWING: TUITION ASSISTANCE, AND EMPLOYER PROVIDED HEALTH INSURANCE. TUITION ASSISTANCE PROGRAMS ARE A STANDARD BENEFIT PROVIDED BY COLLEGE AND UNIVERSITY EMPLOYERS TO ELIGIBLE EMPLOYEES AND THEIR FAMILY MEMBERS. THE INTERNAL REVENUE CODE (SECTION 117(D)) SPECIFICALLY PROVIDES THAT GROSS INCOME DOES NOT INCLUDE QUALIFIED TUITION BENEFITS. THE VALUE OF SUCH QUALIFIED TUITION BENEFITS DEPENDS UPON THE NUMBER OF ELIGIBLE FAMILY MEMBERS RECEIVING THE TUITION BENEFITS DURING THE YEAR. A CARROLLTOWN BOROUGH MUNICIPAL AUTHORITY 256000301 2013-11-13 10000000 SEE PART VI 0 0 0 B ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2013-08-01 31670000 SEE PART VI 1 0 0 C MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART VI 0 0 0 D MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 10000000 SEE PART VI 0 0 0 A 3382354 10000000 51895 9948105 2016 0 0 1 1 B 8502531 31392445 31670000 277525 2012 0 0 1 1 C 3590242 5000000 7250 4992750 2008 0 0 1 1 D 6874757 10000000 58500 3771500 2008 0 0 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 1 0 0 0 1 B 1 1 0 0 0 1 C 1 0 0 0 0 1 D 1 0 0 0 0 1 A 0 B 0 C 0 D 0 ENTITY 1, PART 1, LINE A, COLUMN F: RENOVATION OF THAYER AND ACADEMIC HALL, INCLUDING CONVERSION OF CERTAIN SPACE IN THAYER HALL INTO STUDENT HOUSING AND PURCHASE OF EQUIPMENT RELATED TO CONVERSION. ENTITY I, PART I, LINE B, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. THE BONDS WERE SUBSEQUENTLY REFINANCED WITH TAX EXEMPT NOTES IN 2013. ENTITY I, PART I, LINE C, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ENTITY I, PART I, LINE D, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ENTITY II, PART I, LINE A, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS ENTITY II, PART I, LINE C, COLUMN F PITTSBURGH PLAYHOUSE A SOUTH FORK MUNICIPAL AUTHORITY 251550471 2006-07-27 10000000 SEE PART VI 0 0 0 B ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2016-05-17 14000000 SEE PART VI 0 0 0 A 7217438 10000000 64117 9935883 2007 0 0 1 1 B 11650276 14000000 111576 13888424 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 1 B 1 1 0 0 0 1 A 0 B 0 A MCINTYRE A FAMILY MEMBER OF KAREN MCINTYRE, FORMER OFFICER 48344 EMPLOYMENT 0 C BRUSSALIS ENTITY MORE THAN 35% OWNED BY TRUSTEE 116666 INDEPENDENT CONTRACTOR ARRANGEMENT - THIS TRANSACTION WAS APPROVED BY THE BOARD OF TRUSTEES. MR. BRUSSALIS RECUSED HIMSELF FROM ALL DISCUSSIONS AND THE DECISION MAKING PROCESS OF THIS TRANSACTION, AS PER THE CONFLICT OF INTEREST POLICY ADOPTED BY THE UNIVERSITY. 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION EXCEPT THAT IT MAY NOT: (I) ALIENATE OR ENCUMBER THE REAL ESTATE OR ENDOWMENTS OF THE UNIVERSITY, (II) ENTER INTO FINANCIAL ARRANGEMENTS OR COMMITMENTS WHICH WOULD HAVE A MAJOR EFFECT ON THE UNIVERSITY, (III) SELECT THE PRESIDENT OF THE UNIVERSITY, (IV) ELECT MEMBERS OR OFFICERS OF THE BOARD OF TRUSTEES, OR (V) COMMIT THE UNIVERSITY TO PAYMENTS IN EXCESS OF AVAILABLE REVENUES, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 RICH PEGHER AND DONALD JENKINS HAVE A FAMILY RELATIONSHIP. PAUL HENNIGAN AND CHRIS BRUSSALIS HAVE ENTERED INTO A BUSINESS RELATIONSHIP AFTER HENNIGAN RETIRED AS PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE PRESIDENT, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 5. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THE ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELEBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE BOARD CHAIR WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE. "THE UNIVERSITY REGULARLY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS (SIMILAR TO THE PROCESS FOR FACULTY AND STAFF) FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVICE TO COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR (COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.) FOR STAFF AND FACULTY TO BENCHMARK COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP: 1,165,409. FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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