2025-05-14T06:57:52-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 251024358 SAINT FRANCIS UNIVERSITY SAIN 8144723006 PO BOX 600 LORETTO PA 159400600 JEFFREY L SAVINO VP OF FINANCE & ADMINISTRATION 8144723006 2025-05-01 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-05-01 2023 2025-03-06 01:10:19Z JEFFREY L SAVINO PO BOX 600 LORETTO PA 159400600 122724818 0 0928 X WWW.FRANCIS.EDU X 1847 PA NON-PROFIT EDUCATIONAL INSTITUTION LOCATED IN LORETTO, PENNSYLVANIA. 27 27 1426 380 250963 0 11628209 10197981 84825727 82767595 4011641 4254306 5474186 5167568 105939763 102387450 36660398 35712906 0 0 38194929 34544555 0 0 992212 34365441 33431004 109220768 103688465 -3281005 -1301015 157885424 162289019 50587638 53698443 107297786 108590576 X AS THE OLDEST FRANCISCAN INSTITUTION OF HIGHER LEARNING IN THE UNITED STATES, SAINT FRANCIS UNIVERSITY DRAWS INSPIRATION FROM OUR CATHOLIC TRADITION AND EXPRESSES THE LIVED EXAMPLE OF SAINT FRANCIS OF ASSISSI IN THE MODERN WORLD. CONTINUED ON SCHEDULE "O".SAINT FRANCIS PROMOTES AN INCLUSIVE LEARNING COMMUNITY AND A LIFELONG PATH TO VIRTUE, TRUTH, AND COMPASSION. WITHIN A CULTURE THAT SEEKS UNDERSTANDING THROUGH INNOVATION AND COLLABORATION, WE CHAMPION THE INHERENT DIGNITY OF THE INDIVIDUAL PERSON AND THE COMMON GOOD. 0 0 87953333 35712906 82767595 SAINT FRANCIS UNIVERSITY ("SFU"), FOUNDED IN 1847 BY THE FRANCISCANS OF THE THIRD ORDER REGULAR, IS THE OLDEST FRANCISCAN COLLEGE IN THE NATION. LOCATED IN LORETTO, PA, THE UNIVERSITY IS AN INTEGRAL PART OF THE REGION, PROVIDING HIGHER EDUCATION, CULTURAL EVENTS, PERFORMING ARTS, ATHLETIC COMPETITION, AND NUMEROUS COMMUNITY OUTREACH PROGRAMS FOR CAMBRIA COUNTY AND BEYOND. OVER 98% OF THE UNIVERSITY'S UNDERGRADUATE STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. SFU PROVIDES EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY AND SERVES BOTH TRADITIONAL AND NON-TRADITIONAL STUDENTS. IN ADDITION TO SFU'S MAIN CAMPUS LOCATION IN LORETTO, THE UNIVERSITY CONDUCTS INSTRUCTION AT VARIOUS LOCATIONS IN WESTERN PA IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. CONTINUED ON "SCHEDULE O".SFU CURRENTLY HAS APPROXIMATELY 1,335 FULL-TIME AND 147 PART-TIME UNDERGRADUATE STUDENTS AND 398 GRADUATE STUDENTS. ALL FULL-TIME UNDERGRADUATE STUDENTS ARE REQUIRED TO PERFORM COMMUNITY SERVICE. SFU ESTIMATES THAT OVER 8,000 HOURS WERE DEDICATED TO SERVICE BY SFU STUDENTS.THE UNIVERSITY'S CENTERS OFFER A WIDE VARIETY OF SERVICES FOR THE AREA: THE SMALL BUSINESS DEVELOPMENT CENTER (SBDC) PROVIDES EXPERTISE IN FINANCING, MARKETING, AND OPERATIONAL MANAGEMENT TO LOCAL BUSINESSES AND ENTREPRENEURS. THESE PROJECTS ARE FUNDED THROUGH FEDERAL AND STATE GRANTS AND SERVICES ARE PROVIDED TO BUSINESSES AT NO COST.THE DOROTHY DAY CENTER SERVES AS THE MAJOR ARM OF OUTREACH FOR THE UNIVERSITY THROUGH FAITH, EDUCATIONAL, AND SOCIAL SERVICES. THE CENTER OFFERS A VARIETY OF ASSISTANCE TO THE ECONOMICALLY DISADVANTAGED, INCLUDING EMERGENCY FINANCIAL AID, FOOD, AND CLOTHING, AS WELL AS DIRECT STUDENT ASSISTANCE THROUGH MANY VOLUNTEER PROGRAMS. MAJOR PROGRAMS INCLUDE THE SMILE AND PLUS-1 PROGRAMS. THESE PROGRAMS USE UNIVERSITY STAFF AND STUDENTS TO WORK WITH ECONOMICALLY DISADVANTAGED YOUTH OF THE AREA, IN THE AREAS OF READING SKILLS, TUTORING, AND OTHER LIFE EXPERIENCE SKILLS.THE UPWARD BOUND CENTER IS A FEDERAL PROGRAM FUNDED BY THE U.S. DEPARTMENT OF EDUCATION AND DESIGNED TO PREPARE LOW INCOME, POTENTIAL FIRST-GENERATION COLLEGE STUDENTS FOR THE RIGORS OF POST-SECONDARY EDUCATION. PROVIDED AT NO COST TO THE PARTICIPANTS, THE PROGRAM OFFERS A WIDE VARIETY OF ACADEMIC, CAREER, AND CULTURAL DEVELOPMENT ACTIVITIES FOR STUDENTS. FROM SEPTEMBER TO MAY, STUDENTS PARTICIPATE IN SATURDAY FOLLOW-UPS HELD ON CAMPUS AND TUTORIALS HELD AFTER SCHOOL IN THEIR COMMUNITIES. ADDITIONAL ACADEMIC YEAR ACTIVITIES INCLUDE COLLEGE VISITS, SAT CRAM SESSIONS, AND COLLEGE FAIRS. DURING THE SIX-WEEK RESIDENTIAL SUMMER PROGRAM, STUDENTS ATTEND FIVE ACADEMIC CLASSES EACH DAY AND PARTICIPATE IN A WIDE VARIETY OF CAREER AND CULTURAL ACTIVITIES. ON AVERAGE, 93% OF UPWARD BOUND STUDENTS GO ON TO COLLEGE IMMEDIATELY AFTER HIGH SCHOOL. AFTER COMPLETING HIGH SCHOOL, 80% OF UPWARD BOUND GRADUATES EARN A COLLEGE DEGREE WITHIN FIVE YEARS.THE UNIVERSITY HOSTS APPROXIMATELY 465 HIGH SCHOOL STUDENTS IN A VARIETY OF ACADEMIC PROGRAMS INCLUDING SCIENCE DAY AND BUSINESS DAY. THESE SERVICES ARE PROVIDED TO PARTICIPANTS AT LITTLE OR NO COST. THEY INCLUDE A DAY OF WORKING WITH VARIOUS UNIVERSITY PROFESSORS, GUEST PROFESSORS, AND STUDENTS TO PRESENT AREA HIGH SCHOOL STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE EXCITING TOPICS IN VARIOUS CONCENTRATIONS. ADDITIONALLY, THE UNIVERSITY HOSTS FORENSIC COMPETITIONS FOR HIGH SCHOOLS IN THE REGION AND WEEK LONG SCIENCE ACADEMIES AND KID SCIENCE CAMPS ALL THROUGH THE SUMMER MONTHS FOR ALL AGE GROUPS. 87953333 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2843 0 1426 1 1 1 1 FR 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JEFFREY L SAVINO VP FINANCE ADM 8144723261 PO BOX 600 LORETTO PA 159400600 VERY REV JOSEPH LEHMAN CHAIRMAN 1.00 0.00 X X 0 0 0 HON JUDITH FERENCE OLSON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 VERY REV MALACHI VAN TASSELL TOR PRESIDENT 40.00 0.00 X X 0 0 0 DR JAMES BURKE TRUSTEE 1.00 0.00 X 0 0 0 JOHN JACK ECKENRODE TRUSTEE 1.00 0.00 X 0 0 0 REV DOMINIC FOSTER TOR TRUSTEE 1.00 0.00 X 0 0 0 DEBRA FRIEDRICH TRUSTEE 1.00 0.00 X 0 0 0 REV DANIEL KLIMEK TRUSTEE 1.00 0.00 X 0 0 0 SCOTT MILLER LAMMIE TRUSTEE 1.00 0.00 X 0 0 0 PAUL S MCGRATH JR ESQ TRUSTEE 1.00 0.00 X 0 0 0 BRITTNI SMALLWOOD-MOORE TRUSTEE 1.00 0.00 X 0 0 0 LARRY NULTON TRUSTEE 1.00 0.00 X 0 0 0 FRANK PASQUALONE TRUSTEE 1.00 0.00 X 0 0 0 REV GREGORY PLOW TOR TRUSTEE 1.00 0.00 X 0 0 0 TERESA K POLLEY TRUSTEE 1.00 0.00 X 0 0 0 JEAN PAYNE ROGERS TRUSTEE 1.00 0.00 X 0 0 0 PAUL R SANSONE TRUSTEE 1.00 0.00 X 0 0 0 DR SARAH SCHROEDER TRUSTEE 1.00 0.00 X 0 0 0 REV JONATHAN ST ANDRE TOR TRUSTEE 1.00 0.00 X 0 0 0 PETER STEVENSON TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN SUBASIC TRUSTEE 1.00 0.00 X 0 0 0 JOHN SULLIVAN TRUSTEE 1.00 0.00 X 0 0 0 DR JAMES TAKACS TRUSTEE 1.00 0.00 X 0 0 0 JOY THOMA TRUSTEE 1.00 0.00 X 0 0 0 BRADLEY WALENT TRUSTEE 1.00 0.00 X 0 0 0 REV PATRICK WHITTLE TOR TRUSTEE 1.00 0.00 X 0 0 0 REV VINCENT YEAGER TOR TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL CALANDRA TRUSTEE (UNTIL 10/23) 1.00 0.00 X 0 0 0 FRANK C MONTECALVO EDD VP FOR STUDENT DEVELOPMENT 35.00 1.00 X 161526 0 29744 JEFFREY L SAVINO VP FOR FINANCE & ADMINISTRATION 40.00 1.00 X 165648 0 30019 ROBERT J CRUSCIEL JR VP FOR ADVANCEMENT 40.00 0.00 X 153970 0 30322 RANDY L FRYE DEAN OF BUSINESS 35.00 0.00 X 182442 0 29780 CHRISTOPHER H VILLARRIAL HEAD FOOTBALL COACH 35.00 0.00 X 171682 0 20057 ROBERT S KRIMMEL JR HEAD MEN'S BASKETBALL COACH 35.00 0.00 X 163944 0 30369 MICHAEL B MCGINNIS VP OF ACADEMIC AFFAIRS 35.00 0.00 X 165240 0 31073 PETER SKONER DEAN OF SCHOOL OF STEAM 35.00 0.00 X 153769 0 27508 1318221 0 228872 42 0 1 0 BRICKLEY CONSTRUCTION INC 270 ROBEL ROAD PORTAGE PA 15946 CONSTRUCTION SERVICES 4390259 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 152644091 DINING SERVICES 3230371 POOLE ANDERSON CONSTRUCTION 2121 OLD GATESBURG RD 200 STATE COLLEGE PA 16803 CONSTRUCTION SERVICES 3018132 COLLEGIS EDUCATION 1415 WEST 22ND ST STE 200 OAK BROOK IL 60523 CONSULTING SERVICES 1791124 JENZABAR INC 181 SOUTH LIBERTY STREET HARRISONBURG VA 22801 IT SERVICES 879913 38 79309 3439459 6679213 10197981 TUITION AND FEES 611710 70991462 70991462 ROOM AND BOARD 611710 11776133 11776133 82767595 1747825 14470 1733355 14912 14912 12550 0 12550 12550 12550 21966574 824000 19977970 306123 1988604 517877 2506481 2506481 58011 79309 53275 4736 4736 ATHLETIC INCOME 611710 2027673 2027673 DINING REVENUE 900099 557497 557497 CATERING & DINING 722320 385188 5585 379603 2165012 230908 1934104 5135370 102387450 82767595 250963 9170911 30165 30165 35682741 35682741 552124 420509 119550 12065 25166944 19167647 5449330 549967 429066 295160 117276 16630 6469425 5416311 941157 111957 1926996 1549132 329893 47971 193433 193433 122102 122102 529522 529522 6068936 2933863 3114573 20500 677231 36162 641069 2776302 1935250 808390 32662 611820 33129 547801 30890 2990217 2177769 812448 2913418 2832040 55523 25855 26805 14754 12051 1085170 1085170 5529976 5529976 849592 396659 452933 FOOD SERVICE EXPENSE 1692314 1692314 ATHLETIC FEES 1343320 1343320 EDUCATIONAL EXPENSES 912096 729250 75649 107197 UNIFORMS 564798 560597 4201 4543952 4091415 416019 36518 103688465 87953333 14742920 992212 10175 11175 2284640 1487541 1582080 1842294 2316965 1917841 365431 166010 251754 264910 1122312 1302016 176054846 83714759 85474496 92340087 56118917 55261103 4329440 4732186 4029214 2963856 157885424 162289019 8464887 6131658 2869839 3981912 35829435 35022699 1875426 7233336 1548051 1328838 50587638 53698443 X 46989566 51032806 60308220 57557770 107297786 108590576 157885424 162289019 X -1301015 2589488 4317 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 60051414 1648533 5488712 2634872 4000000 60553787 56612451 602421 5369674 2533132 60051414 64341237 2061336 -6189177 3600945 56612451 50048590 4169532 13390376 3267261 64341237 50785750 723009 606837 2067006 50048590 0.13960 0.53154 0.32886 0 0 394495 394495 128869458 49425356 79444102 26209188 23505640 2703548 20581705 10783763 9797942 92340087 STUDENT DEPOSITS AND PREPAYMENTS 285697 ANNUITIES PAYABLE 36031 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 206138 OBLIGATIONS UNDER CAPITAL LEASES 125248 OBLIGATIONS UNDER OPERATING LEASES 675724 1328838 X 68829786 2589488 -36200427 -33610939 102440725 -53275 -53275 102387450 67532234 56032 56032 67476202 36212263 36212263 103688465 PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE COMPRISED OF BOOKS AND PAINTINGS AND CONGRESSMAN SHUSTER'S ARCHIVES. EACH OF THE ITEMS IS CATALOGED FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CULTURAL PURPOSES, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART V, LINE 4: THE PRIMARY PURPOSE OF THE ENDOWMENTS IS TO PROVIDE STUDENT SCHOLARSHIPS AND AWARDS. ALSO, A PORTION OF THE ENDOWMENTS FUND VARIOUS TECHNOLOGY PROGRAMS AND SPONSORED CHAIR EVENTS FOR STUDENTS AND THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING 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 IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN FISCAL 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS 11,836. SCHOLARSHIP ALLOWANCES NETTED AGAINST TUITION ON F/S -35,682,741. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON F/S -529,522. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -53,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 53,275. AFFILIATE EXPENSES ON FINANCIAL STATEMENTS 2,757. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST TUITION ON F/S 35,682,741. INVESTMENT EXPENSES NETTED AGAINST REVENUE ON F/S 529,522. 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 RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND OTHER PRINT MEDIA OF GENERAL CIRCULATION. THE POLICY IS ALSO ACCESSIBLE VIA THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS/GRANTS ARE AWARDED TO STUDENTS BASED UPON THE ACADEMIC PROFILE OF THE STUDENT AND DEMONSTRATED FINANCIAL NEED. IN DETERMINING FINANCIAL NEED, THE U.S. DEPARTMENT OF EDUCATION'S APPROVED NEEDS ANALYSIS SYSTEM (CONGRESSIONAL METHODOLOGY) IS UTILIZED TO ENSURE INSTITUTIONAL COMPLIANCE WITH ALL APPLICABLE FEDERAL REGULATIONS (TITLE IV PROGRAMS), STATE GUIDELINES, AND UNIVERSITY POLICY IN THE DISTRIBUTION OF FINANCIAL AID. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 254120 1 0 0 0 1 0 254120 0 254120 1 0 0 0 0 0 SCHEDULE F, PAGE 4, PART IV: NONE OF THE FORMS ON PART IV MEET THE FILING REQUIREMENTS FOR FISCAL YEAR 2024. ATHLETICS CLAY SHOOT 82075 53059 29016 29016 888 STOKES GOLF TOURNAMENT 28000 26250 1750 7332 1925 1 27245 27245 7500 4138 2476 137320 79309 58011 7500 36348 4138 5289 53275 4736 1 LORETTO BOROUGH PO BOX 35 LORETTO PA 15940 251377455 N/A 29853 0 N/A N/A CONTRIBUTIONS FOR FINANCIAL SUPPORT 1 0 INSTITUTIONAL SCHOLARSHIPS 1637 34237639 N/A N/A ENDOWED SCHOLARSHIPS 375 1445102 N/A N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO STUDENTS WHO MEET THE FINANCIAL REQUIREMENTS AS DEMONSTRATED BY THE RESULTS FROM FEDERAL FREE APPLICATION FOR FEDERAL STUDENT AID. ENDOWED SCHOLARSHIP RECIPIENTS ALSO MEET THE SPECIFIC CRITERIA AS IDENTIFIED BY THE DONORS. X X X X 0 0 0 0 0 0 0 0 0 RANDY L FRYE DEAN OF BUSINESS 182442 0 0 0 0 0 12274 0 17506 0 212222 0 0 0 MICHAEL B MCGINNIS VP OF ACADEMIC AFFAIRS 165240 0 0 0 0 0 11016 0 20057 0 196313 0 0 0 JEFFREY L SAVINO VP FOR FINANCE & ADMINISTRATION 165648 0 0 0 0 0 11043 0 18976 0 195667 0 0 0 ROBERT S KRIMMEL JR HEAD MEN'S BASKETBALL COACH 163944 0 0 0 0 0 11393 0 18976 0 194313 0 0 0 CHRISTOPHER H VILLARRIAL HEAD FOOTBALL COACH 171682 0 0 0 0 0 0 0 20057 0 191739 0 0 0 FRANK C MONTECALVO EDD VP FOR STUDENT DEVELOPMENT 161526 0 0 0 0 0 10768 0 18976 0 191270 0 0 0 ROBERT J CRUSCIEL JR VP FOR ADVANCEMENT 153970 0 0 0 0 0 10265 0 20057 0 184292 0 0 0 PETER SKONER DEAN OF SCHOOL OF STEAM 153769 0 0 0 0 0 10002 0 17506 0 181277 0 0 0 A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS 2012 LL2 232243852 70917SCP6 2012-10-31 8604432 SEE PART VI 0 0 0 B CAMBRIA COUNTY GENERAL FINANCING AUTHORITY REVENUE BONDS 2017 PP3 251452190 132034ANP 2017-10-25 21620000 SEE PART VI 0 0 0 C CAMBRIA COUNTY GENERAL FINANCING AUTHORITY REVENUE BONDS 2021 TT5 251452190 132034AW9 2021-11-16 13197366 SEE PART VI 0 0 0 A 7660000 8604432 136012 8468420 2013 0 1 1 1 B 21620000 1936913 253692 1293120 18153129 2020 0 1 1 1 C 13197366 183359 8994243 4019764 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS 2012 LL2 (F) DESCRIPTION OF PURPOSE: REFINANCE 2003 BONDS (A) ISSUER NAME: CAMBRIA COUNTY GENERAL FINANCING AUTHORITY REVENUE BONDS 2017 PP3 (F) DESCRIPTION OF PURPOSE: REFINANCE 2011 BONDS AND CAPITAL PROJECTS (A) ISSUER NAME: CAMBRIA COUNTY GENERAL FINANCING AUTHORITY REVENUE BONDS 2021 TT5 (F) DESCRIPTION OF PURPOSE: REFINANCE TAXABLE LOAN, PAYMENT OF ISSUANCE COST, CONSTRUCTIONS OF CAPITAL PROJECTS FORM 990, PART VI, SECTION A, LINE 2 THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART AND THE PRESIDENT OF THE UNIVERSITY ARE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. BOTH SERVE ON THE GOVERNING BOARD OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY CONTRACTS WITH PARKHURST DINING SERVICES TO MANAGE THE FOOD SERVICE OPERATIONS OF THE UNIVERSITY. THE FOOD SERVICE MANAGER, SEVERAL SUPERVISORS, AND A MAJORITY OF THE HOURLY EMPLOYEES ARE PARKHURST EMPLOYEES. THE BALANCE OF 10-15 OTHER FOOD SERVICE AND CATERING EMPLOYEES ARE EMPLOYED BY SAINT FRANCIS UNIVERSITY. THE VP OF FINANCE HAS REGULAR MEETINGS WITH THE MANAGER AND PARKHURST TO DISCUSS OPERATIONAL ISSUES. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY'S BY-LAWS ESTABLISH THAT THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART AND THE PRESIDENT OF THE UNIVERSITY ARE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE BY-LAWS OF SAINT FRANCIS UNIVERSITY PROVIDE THAT AT ALL TIMES AT LEAST TWENTY PERCENT OF THE MEMBERS OF THE BOARD OF TRUSTEES SHALL ALSO BE MEMBERS OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS OF THE THIRD ORDER REGULAR OR MEMBERS OF THE THIRD ORDER REGULAR. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS OF SAINT FRANCIS UNIVERSITY PROVIDE THAT THE BOARD OF TRUSTEES SHALL OBSERVE THE LAWS OF THE ROMAN CATHOLIC CHURCH RESPECTING THE UNIVERSITY AND ALL PROPERTY OF THE UNIVERSITY. THE BY-LAWS REQUIRE THAT, BEFORE TAKING ACTION ON CERTAIN PROPOSALS AS OUTLINED IN THE BY-LAWS, THE BOARD SHALL REFER THE PROPOSAL TO THE PROVINCIAL COUNCIL OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS OF THE THIRD ORDER REGULAR TO SECURE ANY AND ALL APPROVALS AND AUTHORIZATIONS FOR SUCH ACTION THAT MAY BE REQUIRED UNDER ROMAN CATHOLIC CHURCH LAW. IN ADDITION, THE BY-LAWS OF SAINT FRANCIS UNIVERSITY REQUIRE THAT THE PRESIDENT OF THE UNIVERSITY SHALL BE ELECTED BY THE TRUSTEES FROM AMONG THE FRIARS OF THE THIRD ORDER REGULAR OF SAINT FRANCIS OF PENANCE, AFTER RECEIVING THE RECOMMENDATIONS MADE BY THE NOMINATING COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B ALL TRUSTEES RECEIVED AN EMAIL CONTAINING A COPY OF THE 990 BEFORE IT WAS SUBMITTED. THE AUDIT COMMITTEE REVIEWED THE 990 IN DETAIL PRIOR TO FILING. TRUSTEES HAVE RECEIVED TRAINING ON THEIR RESPONSIBILITIES FOR THE 990 RETURN. THE RETURN IS REVIEWED IN DETAIL BY MANAGEMENT INCLUDING THE CONTROLLER AND VP OF FINANCE AND ADMINISTRATION PRIOR TO ANY BOARD OR COMMITTEE REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT. THE STATEMENTS ARE THEN REVIEWED AND MONITORED BY THE PRESIDENT'S OFFICE. THE CONFLICT OF INTEREST POLICY DESCRIBES HOW CONFLICTS ARE HANDLED AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION STUDY AND REVIEW IS CONDUCTED ANNUALLY TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. EACH YEAR THE HR DIRECTOR, IN CONJUNCTION WITH THE UNIVERSITY'S PRESIDENTS COUNCIL AND BOARD OF TRUSTEES FINANCE COMMITTEE, REVIEWS ALL SALARIES AND BENEFITS OF THE VICE PRESIDENTS AND THE PRESIDENT. EACH EMPLOYEE HAS A SPECIFIC JOB TITLE THAT CORRESPONDS WITH THE BENCHMARK REPORTS USED. CUPA DATA IS USED TO ASSIST IN SETTING BENCHMARKS. THE BENCHMARK SALARIES FOR A PARTICULAR YEAR ARE UPDATED EACH YEAR PRIOR TO SALARY INCREASES BEING COMPUTED. THE VP FOR FINANCE REVIEWS THE REPORT WITH THE HR DIRECTOR FOR FINAL APPROVAL. ALL OF THE GUIDELINES AND STEPS TAKEN ARE OUTLINED AND EXPLAINED IN THE COMPENSATION HANDBOOK. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS 11,836. TRANSFER TO AFFILIATE -7,519. DISEPIO INSTITUTE FOR RURAL HEALTH AND WELLNESS 108 FRANCISCAN WAY LORETTO PA 15940 262418607 HEALTH AND WELLNESS CENTER PA 501(C)(3) LINE 10 SAINT FRANCIS UNIVERSITY 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 DISEPIO INSTITUTE FOR RURAL HEALTH AND WELLNESS D 78154 CASH