2023-11-13T09:37:24-06:00 2023-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2022-07-01 251065148 GROVE CITY COLLEGE GROV 7244582216 100 CAMPUS DRIVE GROVE CITY PA 161272104 MICHAEL R BUCKMAN VP FOR BUSINESS AND FINANCE 7244582216 2023-11-08 1 MICHAEL BUCKMAN 999009999 0 RICHARD E DYNOSKE P00095538 4123389300 2023-10-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 198753919 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION. 32 32 1609 100 615220 0 18294168 48170362 66487158 68291568 9112649 5075353 597914 633399 94491889 122170682 9645140 9353405 0 0 38851816 39723100 0 71681 2576081 35307122 37455799 83804078 86603985 10687811 35566697 362387106 405995282 24326546 23577920 338060560 382417362 A SCHOOL OF HIGHER EDUCATION. 0 0 43681827 9331739 45195989 ACADEMIC INSTRUCTION 7476938 21666 0 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER 18848992 23095579 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 70007757 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 1 0 0 0 0 0 0 0 1 3190 0 1 1609 1 1 1 0 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 X 32 32 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 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 DAVID FORNEY TRUSTEE 0.50 X 0 0 0 LAURA FRYAN 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 RONALD H MILLER TRUSTEE 1.00 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 PAUL J MCNULTY JD PRESIDENT 40.00 X 350467 0 70823 LEE WISHING VICE PRESIDENT FOR STUDENT 40.00 X 139170 0 18759 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINES 40.00 X 188935 0 24697 SUSAN C GRIMM VICE PRESIDENT FOR OPERATION 40.00 X 132972 0 17879 VINCE DISTASI PHD VICE PRESIDENT & CHIEF INF 40.00 X 143588 0 33240 LARRY HARDESTY VICE PRESIDENT FOR STUDENT 40.00 X 129499 0 23527 JOHN INMAN PHD VICE PRESIDENT FOR INSTITUTIONAL SUPPORT AND INITI 40.00 X 137542 0 15295 PETER FRANK PHD PROVOST & VICE PRESIDENT 40.00 X 184223 0 43570 JEFF PROKOVICH VICE PRESIDENT FOR INSTITU 40.00 X 167335 0 13359 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL 40.00 X 179586 0 10114 CHRISTY CRUTE ASSOCIATE DEAN FOR GRADUATE & ONLINE PROGRAM 40.00 X 153072 0 14830 MICHELLE MCFEATERS DEAN, SCHOOL OF BUSINESS 40.00 X 130999 0 20094 PAUL KENGOR PROFESSOR OF POLITICAL SCIENCE 40.00 X 130508 0 36770 YVONNE ENGLISH DIRECTOR OF ENTREPRENEURSHIP & INNOVATION 40.00 X 125785 0 15285 2293681 0 358242 39 0 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 7960389 LANDAU BUILDING COMPANY 4377 WILLIAM FLYNN HWY ALLISON PARK PA 15101 CONSTRUCTION SERVICES 2409887 TRIANGLE ROOFING 351 MOUNT NEBO RD PITTSBURGH PA 15237 CONSTRUCTION SERVICES 662324 RENICK BROTHERS PO BOX 94 SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 596021 PRINTING CONCEPTS 4982 PACIFIC AVENUE ERIE PA 165064978 PRINTING AND MAIL SERVICES 561207 16 48170362 1283912 48170362 ACADEMIC TUITION/FEES 611600 45195989 45195989 ROOM AND BOARD FEES 611710 21874186 21874186 BOOKSTORE 611710 1221393 1221393 68291568 1036609 551269 485340 80621981 76583237 4038744 4038744 4038744 MISC INCOME 900099 526177 503519 22658 CONFERENCES 531390 107222 107222 633399 122170682 73385100 615220 0 21666 21666 9276969 9276969 54770 54770 1519171 1351836 167335 30555328 24799084 4565151 1191093 2017933 1536910 390782 90241 3458741 2634919 669107 154715 2171927 1653940 421271 96716 19202 19202 139187 139187 71681 71681 1201514 718089 400838 82587 980135 38692 682544 258899 2008384 975219 962719 70446 2288499 1573440 611293 103766 5239307 4901582 313202 24523 1208366 870976 214296 123094 365975 365975 10757106 9309613 1387092 60401 36379 36379 CONTRACT BOARD FEES 7098649 7098649 OTHER EXPENSES 2993255 1782836 1166848 43571 EQUIPMENT, MAINTENANCE, 2241022 1845205 358804 37013 BOOKSTORE MERCHANDISE 878819 878819 86603985 70007757 14020147 2576081 4833463 6064848 6776429 43088755 440895 158946 266842 348716 1999749 2058753 338301664 185774255 153897782 152527409 99113942 106491105 89979733 88433813 5078271 6822937 362387106 405995282 6150241 4574384 2049663 2531351 3103900 2069267 1109779 11912963 14402918 24326546 23577920 X 147977804 151635044 190082756 230782318 338060560 382417362 362387106 405995282 X 35566697 4059732 4730372 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 188348089 10320353 11793773 -9331739 2042357 203172833 192578371 7321067 -4346119 -9628474 2423244 188348089 146352920 8562687 42098893 -10059738 5623609 192578371 143570957 8869978 -1377324 -8502219 3791528 146352920 136634239 6936015 9080862 -8298308 3863503 148216311 1.00000 1 0 2958770 2958770 266506942 146047559 120459383 54014360 39726696 14287664 14821592 14821592 152527409 INVESTMENTS - OTHER SECURITIES 88433813 F 88433813 LINE OF CREDIT 11039610 ACCRUED PENSION COSTS 529310 FINANCIAL LEASE OBLIGATIONS 1249675 OPERATING LEASE OBLIGATIONS 1584323 14402918 X 130960786 4059732 4730372 8790104 122170682 0 122170682 86603984 0 86603984 0 86603984 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, 2023 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 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 710,372. CHANGE IN VALUE OF CHARITABLE TRUST 4,020,000. 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 308615 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 42165 EAST ASIA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 36452 MIDDLE EAST/NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 114956 EUROPE 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 11056 MIDDLE EAST/NORTH AFRICA 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 2077 0 0 0 0 0 0 515321 0 515321 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 8900 CREDIT ON ACCOUNT BOOK VALUE SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 10 45870 CREDIT ON ACCOUNT BOOK VALUE 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 1 AWESOME FILMS LLC 3426 BETHOVEN ST PITTSURGH PA 15219 0 0 71681 -71681 71681 -71681 AL CA FL GA IL MO NJ NM NC ND PA RI TN WV WI KS LA 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 0 CONTRIBUTION 1 1 SCHOLARSHIPS 1430 9276969 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. X X X X 1 1 X X X X 0 0 0 0 0 1 0 0 0 PAUL J MCNULTY JD PRESIDENT 318989 0 31478 0 0 0 24400 0 46423 0 421290 0 0 0 PETER FRANK PHD PROVOST & VICE PRESIDENT 184223 0 0 0 0 0 13961 0 29609 0 227793 0 0 0 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINES 165853 0 23082 0 0 0 13600 0 11097 0 213632 0 0 0 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL 179586 0 0 0 0 0 9365 0 749 0 189700 0 0 0 JEFF PROKOVICH VICE PRESIDENT FOR INSTITU 167335 0 0 0 0 0 13305 0 54 0 180694 0 0 0 VINCE DISTASI PHD VICE PRESIDENT & CHIEF INF 143588 0 0 0 0 0 10970 0 22270 0 176828 0 0 0 CHRISTY CRUTE ASSOCIATE DEAN FOR GRADUATE & ONLINE 153072 0 0 0 0 0 10289 0 4541 0 167902 0 0 0 PAUL KENGOR PROFESSOR OF POLITICAL SCIENCE 130508 0 0 0 0 0 9166 0 27604 0 167278 0 0 0 LEE WISHING VICE PRESIDENT FOR STUDENT 139170 0 0 0 0 0 7151 0 11608 0 157929 0 0 0 LARRY HARDESTY VICE PRESIDENT FOR STUDENT 129499 0 0 0 0 0 10916 0 12611 0 153026 0 0 0 JOHN INMAN PHD VICE PRESIDENT FOR INSTITUTIONAL SUP 137542 0 0 0 0 0 11115 0 4180 0 152837 0 0 0 MICHELLE MCFEATERS DEAN, SCHOOL OF BUSINESS 130999 0 0 0 0 0 9015 0 11079 0 151093 0 0 0 SUSAN C GRIMM VICE PRESIDENT FOR OPERATION 132972 0 0 0 0 0 10645 0 7234 0 150851 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%. PETER FRANK OFFICER 12855 TUITION REMISSION TUITION ASSISTANCE SUSAN GRIMM OFFICER 4998 TUITION GRANT TUITION ASSISTANCE JANICE INMAN SPOUSE OF CURRENT OFFICER 53425 REPORTABLE WAGES 0 X 431 35000 APPRAISAL X 40 1237488 HIGH/LOW AVERAGE X 48 0 X EQUIPMENT 1 5480 INVOICE X EVENT EXPENSES 3 3217 RECEIPTS X TRAVEL EXPENSE 7 2689 RECEIPTS 1 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 18: THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS AND 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 2023): 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 ENROLLMENT AND REGISTRAR 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 710,372. CHANGE IN VALUE OF CHARITABLE TRUST 4,020,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.