2025-05-14T06:39:24-05:00 2024-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-07-01 250717890 CHATHAM UNIVERSITY CHAT 4123651145 107 WOODLAND ROAD PITTSBURGH PA 15232 LEONARD CULLO CHIEF FINANCIAL/ADMIN OFFICER 4123651145 2025-05-14 1 0 ERIN F WOOD P01710275 4122613644 2023 2025-03-06 01:10:19Z RHONDA PHILIPS 107 WOODLAND ROAD PITTSBURGH PA 15232 100945219 0 X WWW.CHATHAM.EDU X 1869 PA PROVISION OF UNDERGRADUATE AND GRADUATE EDUCATION. 28 26 1514 235 -100870 0 14871495 6630581 82787001 83649982 19545904 1904773 217160 -1277844 117421560 90907492 28139715 31496881 0 0 41079281 37227811 0 0 818320 34451984 31090331 103670980 99815023 13750580 -8907531 217295408 205309827 85287626 75194513 132007782 130115314 X CHATHAM UNIVERSITY PREPARES WOMEN AND MEN TO BE WORLD READY: TO BUILD LIVES OF PURPOSE AND VALUE AND FULFILLING WORK. (SEE CONTINUATION ON SCHEDULE O) IN ADDITION TO APPROPRIATE PROFESSIONAL SKILLS AND LIBERAL ARTS LEARNING, CHATHAM BELIEVES THAT WORLD READINESS MEANS BEING AN INFORMED AND ENGAGED CITIZEN IN ONE'S COMMUNITIES; RECOGNIZING AND RESPECTING DIVERSITY OF CULTURE, IDENTITY AND OPINION; AND LIVING SUSTAINABLY ON THE PLANET. 0 0 73832540 31496881 75608739 ACADEMIC AND INSTRUCTIONAL EDUCATION: SEE CONTINUATION ON SCHEDULE OACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, CHATHAM UNIVERSITY IS A COED INSTITUTION THAT GRANTS BACHELOR, MASTER AND DOCTORATE LEVEL DEGREES THROUGH FOUR DISTINCTIVE SCHOOLS: THE FALK SCHOOL OF SUSTAINABILITY & ENVIRONMENT (HOUSED WITHIN OUR EDEN HALL CAMPUS, THE WORLD'S FIRST CAMPUS BUILT FROM THE GROUND UP FOR THE STUDY OF SUSTAINABILITY), THE SCHOOL OF HEALTH SCIENCES, THE SCHOOL OF ARTS, SCIENCE AND BUSINESS, AND THE SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES. STUDENTS CAN CHOOSE FROM OVER 40 UNDERGRADUATE MAJORS AND OVER 20 MASTERS AND DOCTORAL PROGRAMS, AND ONLINE COURSES OF STUDY. THE UNIVERSITY'S TOTAL ENROLLMENT AS OF FALL 2024 WAS 2,314 STUDENTS. STUDENT AND COMMUNITY SERVICES: CHATHAM UNIVERSITY STRIVES TO DEVELOP THE WHOLE STUDENT - BOTH IN AND OUTSIDE THE CLASSROOM. WE OFFER ON AND OFF-CAMPUS OPPORTUNITIES FOR PROFESSIONAL SKILL-BUILDING AND EXPERIENTIAL LEARNING. INTERNSHIPS AND MENTORSHIPS OFFER SUPPORT. STUDENT AFFAIRS PLAY AN INTEGRAL ROLE IN HELPING OUR STUDENTS ENHANCE THEIR PHYSICAL, MENTAL, AND SOCIAL WELL-BEING. COUGARS CARE, AN EARLY INTERVENTION SYSTEM TO AID STUDENTS IN NEED AND CELEBRATE STUDENT SUCCESS, PLAYS A CRUCIAL ROLE IN IDENTIFYING STUDENTS WHO MAY BENEFIT FROM ADDITIONAL SUPPORT AND HELPS FACILITATE INFORMATION SHARING. STUDENTS HAVE A VARIETY OF OPPORTUNITIES HIGHLIGHTED IN THE ANNUAL ACTIVITIES CALENDAR FEATURING OVER 300 EVENTS AND HAPPENINGS THROUGHOUT THE YEAR. STUDENTS LIVING ON CAMPUS ARE WELCOMED INTO A LIVING AND LEARNING ENVIRONMENT WHERE WELLNESS AND A STRONG SENSE OF COMMUNITY PREVAIL. CHATHAM HAS BEEN SELECTED AS ONE OF ONLY A SMALL NUMBER OF UNIVERSITIES FOR THE 2022 PRINCETON REVIEW'S GREEN HONOR ROLL, WHICH RECOGNIZES THE MOST ENVIRONMENTALLY RESPONSIBLE COLLEGES ACROSS THE UNITED STATES. CHATHAM EARNED A PERFECT GREEN RATING SCORE 99 OUT OF 99, WHICH MEASURES "A SCHOOL'S PERFORMANCE AS AN ENVIRONMENTALLY AWARE AND PREPARED INSTITUTION." AS PART OF A HOLISTIC APPROACH TO STUDENT DEVELOPMENT, THE OFFICE OF STUDENT HEALTH AND WELLNESS IS RESPONSIBLE FOR COORDINATING THE PHYSICAL, MENTAL, AND WELLNESS LIFESTYLE OF OUR STUDENTS, PROVIDING SOCIAL AND SUPPORT SERVICES TO OUR STUDENTS AND THE CHATHAM COMMUNITY. LIBRARY SERVICES: THE JENNIE KING MELLON LIBRARY HAS ADDED NEW RESOURCES THAT SUPPORT THE LEARNING AND TEACHING MISSION OF CHATHAM UNIVERSITY, INCLUDING A NUMBER OF FULL-TEXT JOURNAL DATABASES. THE LIBRARY STAFF CONTINUES TO DEVOTE SIGNIFICANT AMOUNTS OF TIME TO RESEARCH CONSULTATIONS. THE ARCHIVE COLLECTION HAS BENEFITTED FROM ENDOWED SUPPORT AND INCREASED STAFF HOURS TO AID IN DOCUMENTATION, ORGANIZATION, AND PRESERVATION.THE UNIVERSITY HOSTS NUMEROUS EVENTS ON CAMPUS, MANY OF WHICH ARE SPONSORED BY FUNDED CENTERS INCLUDING THE CENTER FOR WOMEN'S ENTREPRENEURSHIP, THE PENNSYLVANIA CENTER FOR WOMEN IN POLITICS, AND THE WOMEN'S INSTITUTE. THE CENTER FOR REGIONAL AGRICULTURE, FOOD, AND TRANSFORMATION, IS FUNDED BY A 2022 GRANT FROM THE USDA AND SUPPORTS THE COMMUNITY AND EDUCATES STUDENTS ON ISSUES RELATED TO FOOD SYSTEMS. IN ADDITION, VARIOUS PERFORMING AND VISUAL ARTS EVENTS, PARTICULARLY THOSE FOCUSING ON THE THEMATIC MISSIONS OF THE UNIVERSITY (GLOBAL, SUSTAINABILITY AND THE ENVIRONMENT, AND ENGAGEMENT AND RESPONSIBILITY) ARE HELD THROUGHOUT THE ACADEMIC YEAR THAT ARE FREE AND OPEN TO THE PUBLIC. 6152576 8041243 AUXILIARY SERVICES: SEE CONTINUATION ON SCHEDULE OIN MAY 2008, THE UNIVERSITY RECEIVED THE 388-ACRE EDEN HALL FARM CAMPUS AS A GIFT FROM THE EDEN HALL FOUNDATION. LOCATED NORTH OF PITTSBURGH IN RICHLAND TOWNSHIP AND APPROXIMATELY 20 MILES FROM CHATHAM'S HISTORIC SHADYSIDE CAMPUS, EDEN HALL CAMPUS IS HOME TO OUR FALK SCHOOL OF SUSTAINABILITY & ENVIRONMENT AND OFFERS UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AS WELL AS PROGRAMMING FOR THE SURROUNDING COMMUNITIES. THE UNIVERSITY OWNS THE OLDEST CIVIL WAR-ERA HOME ON FIFTH AVENUE, THE HOWE-CHILDS GATE HOUSE, WHICH NOW SERVES AS A GUEST HOUSE FOR UNIVERSITY VISITORS AS WELL AS HEADQUARTERS FOR THE CAMPUS ARBORETUM. THE UNIVERSITY IS HOME TO THE OLKES COLLECTION OF AFRICAN ART, ONE OF THE MOST SIGNIFICANT COLLECTIONS OF AFRICAN TRIBAL ART IN THE TRISTATE REGION.CHATHAM OFFERS A NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION III ATHLETIC PROGRAM FEATURING TWENTY-ONE VARSITY SPORTS (ELEVEN WOMEN'S AND TEN MEN'S), ANCHORED OUT OF OUR IMPRESSIVE 78,000 SQUARE FOOT ATHLETIC AND FITNESS CENTER. IN 2020, THE UNIVERSITY COMPLETED THE RENOVATION OF UPMC GRAHAM FIELD, THE HISTORIC HOME OF WILKINSBURG HIGH SCHOOL FOOTBALL. UPMC GRAHAM FIELD IS THE HOME FIELD FOR THE UNIVERSITY'S MENS AND WOMENS' SOCCER AND LACROSSE TEAMS AND IS AVAILABLE FOR LOCAL HIGH SCHOOL AND COMMUNITY ATHLETIC PROGRAMS' USE. THE RENOVATION WAS FUNDED IN PART BY THE COMMONWEALTH OF PENNSYLVANIA, HONORABLE TOM WOLF, GOVERNOR, UPMC, DOLLAR BANK AND THE RUST FOUNDATION. 79985116 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 239 0 1 1514 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA CA X X LEONARD CULLO 4123651145 107 WOODLAND ROAD PITTSBURGH PA 15232 X RHONDA PHILIPS PRESIDENT (ENTER 7/23) 60.00 0.00 X X 240964 0 26133 DAVID M HALL CHAIR 3.50 0.00 X X 0 0 0 KENT MCELHATTAN VICE CHAIR 3.50 0.00 X X 0 0 0 SANDRA RADER SECRETARY 3.00 0.00 X X 0 0 0 SNEHAL DESAI TREASURER 3.50 0.00 X X 0 0 0 EILEEN PETULA INTERIM COO 50.00 0.00 X X 0 0 0 KEVIN ACKLIN TRUSTEE 3.00 0.00 X 0 0 0 G NICHOLAS BECKWITH III TRUSTEE 3.00 1.00 X 0 0 0 BROOKS BROADHURST TRUSTEE 3.00 0.00 X 0 0 0 LOUISE R BROWN TRUSTEE 3.00 0.00 X 0 0 0 JANE BURGER TRUSTEE 3.00 0.00 X 0 0 0 DAVID BUSH TRUSTEE 3.00 0.00 X 0 0 0 ANNETTE CALGARO TRUSTEE 3.00 0.00 X 0 0 0 CARLA CASTAGNERO TRUSTEE 3.00 0.00 X 0 0 0 LYNETTE CHARITY TRUSTEE 3.00 0.00 X 0 0 0 KATHI ELLIOTT TRUSTEE 3.00 0.00 X 0 0 0 SIGO FALK TRUSTEE 3.00 0.00 X 0 0 0 JOANNE FIEDLER TRUSTEE 3.00 0.00 X 0 0 0 JOANNE LAIPSON TRUSTEE 3.00 0.00 X 0 0 0 SCHAZZ LEE TRUSTEE 3.00 0.00 X 0 0 0 REBECCA LUCORE TRUSTEE (EXIT 10/23) 3.00 0.00 X 0 0 0 W DUFF MCCRADY TRUSTEE 3.00 0.00 X 0 0 0 STEPHANIE NOVOSEL TRUSTEE 3.00 0.00 X 0 0 0 HENRY J SIMONDS TRUSTEE 3.00 0.00 X 0 0 0 MARY B TEMPLETON ESQ TRUSTEE 3.00 0.00 X 0 0 0 BONNIE W VANKIRK TRUSTEE 3.00 0.00 X 0 0 0 TAMARA WATKINS TRUSTEE 3.00 0.00 X 0 0 0 LALAH C WILLIAMS TRUSTEE 3.00 0.00 X 0 0 0 JENNIFER P WINTON TRUSTEE 3.50 0.00 X 0 0 0 WILLIAM T CAMPBELL VP MARKETING & COMMUNICATIONS 60.00 0.00 X 194507 0 33525 AMY BECHER VP FOR ENROLLMENT MANAGEMENT 60.00 0.00 X 199566 0 19745 CAREY MILLER VP UNIVERSITY ADVANCEMENT (EXIT 7/23) 60.00 0.00 X 200564 0 12610 EDITH BARRETT DEAN SCHOOL OF ARTS, SCIENCE & BUSINESS 40.00 0.00 X 212721 0 19396 SALVADOR L BONDOC DEAN, SCHOOL OF HEALTH SCIENCES 40.00 0.00 X 185358 0 31563 LOUIS G LEONARD DEAN FALK SCHOOL FOR SUSTAINABILITY 60.00 0.00 X 205925 0 19485 PAUL D STEINHAUS CIO, DIRECTOR OF INFO TECHNOLOGY 60.00 0.00 X 175545 0 29878 MARY JO LOUGHRAN PROFESSOR OF COUNSELING PSYCHOLOGY 40.00 0.00 X 159451 0 16210 DAVID FINEGOLD FORMER PRESIDENT 60.00 0.00 X 268754 0 37269 JENNIFER HOERSTER FORMER VP FINANCE/ADMIN 60.00 0.00 X 160200 0 19101 SEAN COLEMAN - FORMER VP PLANNING & ASSISTANT SECRETARY 60.00 0.00 X 145638 0 10646 JENNA TEMPLETON FORMER VP FOR ACADEMIC AFFAIRS 60.00 0.00 X 223027 0 19657 2572220 0 295218 37 1 1 0 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICE 3560716 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 ENROLLMENT SERVICES 1316214 ANTHOLOGY INC PO BOX 850001 ORLANDO FL 328859908 STUDENT MGMT SYSTEM 344029 WENDY ANN CLAYTON-GONZALEZ DBA SPLASH ME PO BOX 97806 PITTSBURGH PA 15227 ADVERTISING 263913 BUCHANAN INGERSOLL AND ROONEY UNION TRUST BLDG 501 GRANT ST STE PITTSBURGH PA 152194413 ATTORNEYS 258077 29 454355 1139511 5036715 264926 6630581 TUITION AND FEES 611310 75608739 75608739 AUXILIARY ENTERPRISES 900099 8041243 8041243 83649982 1370816 -100870 1471686 561463 1839307 -1277844 -1277844 -1277844 8480356 252021 8198420 0 281936 252021 533957 533957 90907492 83649982 -100870 727799 20000 20000 31371947 31371947 104934 104934 1130335 763329 346139 20867 29895592 20416255 8929540 549797 860928 557554 282405 20969 3182206 1588669 1548409 45128 2158750 1517070 601922 39758 1286448 24004 1262444 159144 159144 16000 16000 55891 55891 6490785 3986770 2446873 57142 138097 34789 103308 812048 183726 613893 14429 235248 236556 -1308 744520 691105 49203 4212 546174 285698 238381 22095 3449010 2883204 565806 9062273 7971653 1090620 759543 66112 693431 SUPPLIES EXPENSE 2202882 2180040 22842 ACADEMIC DEPT PROGRAMS 1784129 1747084 37045 FOOD SERVICE 298517 270931 6505 21081 ACCREDITATION COSTS 131245 65169 66076 2918377 3002517 -84140 99815023 79985116 19011587 818320 3601509 2400617 4000506 8106725 3112022 871774 7579513 2686460 500000 500000 148089 186155 1037068 653896 235555507 120215490 121281849 115340017 52445866 50149621 19297129 19792326 4291857 4622236 217295408 205309827 9417047 9628899 847824 844624 4490918 2793767 55210329 43337789 1293384 13337143 14028124 5252291 85287626 75194513 X 14392893 15719747 117614889 114395567 132007782 130115314 217295408 205309827 -8907531 7015063 0 X X 0 1 X 1 0 X 7825681 12557663 8311639 14871495 6630581 50197059 7825681 12557663 8311639 14871495 6630581 50197059 699871 49497188 3720719 3760579 3884691 3893836 2033149 17292974 105106 46323 151429 67641462 394541527 0.73180 0.72570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16000 16000 99799023 99815023 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 22305 19495 61741 16000 119541 250000 250000 250000 250000 1000000 1500000 X X X 0 79108210 1446426 8146414 1613418 6375151 370977 80341504 93131085 1717102 3265835 1033599 17693196 279017 79108210 106060787 1805817 -11235519 1154128 1950025 395847 93131085 87337683 2702401 19696703 1076047 2313801 286152 106060787 86136269 1167943 3033471 1113914 1690843 195243 87337683 0.07800 0.00000 0.92200 1 0 11252647 11252647 190977858 190977858 134417 134417 33190585 33190585 120215490 -120215490 115340017 LIMITED PARTNERSHIPS 17880854 F REAL ESTATE INVEST FUND 1911472 F 19792326 CAPITAL LEASE OBLIGATION 5252291 5252291 X 69768067 7015063 -28154488 -21139425 90907492 0 90907492 71660535 0 71660535 28154488 28154488 99815023 PART III, LINE 1A: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH AND SCIENTIFIC PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENDITURES IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS MAINTAINED AND HELD BY THE UNIVERSITY ARE NOT REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS, AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH AND SCIENTIFIC PURPOSES. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF VARIOUS INVESTMENT FUNDS ESTABLISHED PRIMARILY FOR THE SUPPORT OF ITS MISSION. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW - THE BOARD OF TRUSTEES HAS ELECTED TO BE GOVERNED BY THE COMMONWEALTH OF PENNSYLVANIA'S ACT 141 (ACT 141), WHICH PERMITS ELECTION OF A TOTAL RETURN POLICY THAT ALLOWS A NONPROFIT TO CHOOSE TO TREAT A PERCENTAGE OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT'S INVESTMENTS WITH DONOR RESTRICTIONS AS INCOME EACH YEAR. THE LONG-TERM PRESERVATION OF THE REAL VALUE OF THE ASSETS MUST BE TAKEN INTO CONSIDERATION WHEN THE BOARD ELECTS THE AMOUNT. ON AN ANNUAL BASIS, THE BOARD MUST ELECT, IN WRITING, A SPENDING RATE OF BETWEEN 2% AND 7%. THE SPENDING RATE IS BASED ON A THREE-YEAR AVERAGE OF HISTORICAL ENDOWMENT MARKET VALUES. SPENDING POLICY AND INVESTMENT OBJECTIVES RELATED TO SPENDING POLICY - AS PERMITTED BY ACT 141, THE UNIVERSITY TRANSFERRED 7%, BASED ON A THREE-YEAR AVERAGE OF HISTORICAL ENDOWMENT MARKET VALUES TO NET ASSETS WITHOUT DONOR RESTRICTIONS, FOR USE IN CURRENT AND FUTURE OPERATIONS. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE UNIVERSITY TRANSFERRED APPROXIMATELY $4,456,000 AND $4,023,000, RESPECTIVELY, TO BOARD-DESIGNATED FOR INVESTMENT. THE UNIVERSITY SATISFIED ITS SPENDING PROVISIONS OF INDIVIDUAL ENDOWMENT AGREEMENTS, INCLUDING "MUST OR "SHALL" PROVISIONS, THROUGH THE USE OF OPERATING FUNDS WITHOUT DONOR RESTRICTIONS IN THE YEARS ASSETS APPROPRIATED WERE NOT DRAWN. THE UNIVERSITY BELIEVES THAT THIS SPENDING POLICY IS CONSISTENT WITH THE COMMONWEALTH OF PENNSYLVANIA'S GUIDELINES AND WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY, AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. THE UNIVERSITY CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS THE ORIGINAL VALUE OF GIFTS DONATED TO THE ENDOWMENT AND THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE ENDOWMENT. UNDISTRIBUTED AMOUNTS EARNED ARE INCLUDED IN NET ASSETS WITH DONOR RESTRICTIONS. IN ACCORDANCE WITH ACT 141, THE UNIVERSITY HAS ADOPTED A WRITTEN INVESTMENT POLICY, OF WHICH A SECTION SPECIFICALLY RELATES TO THE ENDOWMENT. THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO SET A SPENDING RATE: 1. PROTECTING THE CORPUS OF THE ENDOWMENT FUND 2. PRESERVING THE SPENDING POWER OF THE ASSETS 3. OBTAINING MAXIMUM INVESTMENT RETURN WITH REASONABLE RISK AND OPERATIONAL CONSIDERATION 4. COMPLYING WITH APPLICABLE LAWS PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND HAS FURTHER BEEN DETERMINED TO BE A NONPRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(II) OF THE IRC. ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAX UNDER APPLICABLE STATE STATUTES. THE UNIVERSITY FOLLOWS THE FASB CODIFICATION TOPIC ON INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY'S STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2024 AND 2023 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIP/FINANCIAL AID -29,993,795. RENTAL EXPENSE ADJUSTMENT 1,839,307. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS/FINANCIAL AID 29,993,795. RENTAL EXPENSE ADJUSTMENT -1,839,307. 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 REFERENCED IN PRINT DOCUMENTS AND IS PROMINENTLY DISCLOSED ON THE UNIVERSITY'S WEB PAGE. SCHEDULE E, PART I, LINE 6 CHATHAM UNIVERSITY RECEIVES VARIOUS GRANTS FROM GOVERNMENTAL AGENCIES TO FUND SCHOLARSHIPS AND EDUCATIONAL PROGRAM DEVELOPMENT. IN ADDITION, STUDENTS AT CHATHAM UNIVERSITY RECEIVE FEDERAL AND STATE SPONSORED FINANCIAL AID FOR PAYMENT OF TUITION AND FEES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 2442434 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING EDUCATIONAL TRAVEL 71359 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING EDUCATIONAL TRAVEL 25675 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING EDUCATIONAL TRAVEL 4900 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING EDUCATIONAL TRAVEL 3000 0 0 0 0 0 0 2547368 0 2547368 SCHOLARSHIP FUNDS FOR STUDY ABROAD EUROPE (INCLUDING ICELAND & GREENLAND) 26 71359 APPLIED TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP FUNDS FOR STUDY ABROAD EAST ASIA AND THE PACIFIC 6 25675 APPLIED TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP FUNDS FOR STUDY ABROAD CENTRAL AMERICA AND THE CARIBBEAN 2 4900 APPLIED TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP FUNDS FOR STUDY ABROAD MIDDLE EAST AND NORTH AFRICA 1 3000 APPLIED TO STUDENT ACCOUNT 0 N N/A 1 0 1 1 1 0 PART I, LINE 2: THE OFFICES OF ENROLLMENT MANAGEMENT AND FINANCIAL AID WORK IN CONJUNCTION WITH THE CHATHAM ABROAD DEPARTMENT IN AWARDING SCHOLARSHIPS FOR FOREIGN TRAVEL. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. 1 ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 425 SIXTH AVENUE SUITE 1100 PITTSBURGH PA 152191811 250965213 501(C)(3) 20000 0 N/A N/A PROGRAM SUPPORT 1 0 EDUCATIONAL GRANTS AND SCHOLARSHIPS 1335 31371947 0 N/A N/A PART I, LINE 2: THE OFFICES OF ENROLLMENT MANAGEMENT AND FINANCIAL AID OVERSEE THE AWARDING OF BOTH NEED-BASED FINANCIAL AID AND MERIT-BASED SCHOLARSHIPS. ONCE A STUDENT HAS COMPLETED THE FINANCIAL AID APPLICATION PROCESS AND IS FOUND ELIGIBLE FOR NEED-BASED AND/OR MERIT BASED AID, THE STUDENT WILL RECEIVE A FINANCIAL AID PACKAGE DETAILING THE COMBINATION OF SOURCES USED TO PROVIDE FINANCIAL ASSISTANCE. GRANT FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR STUDENT ACCOUNTS. USAGE IS MONITORED BY VIRTUE OF DIRECT ACCOUNT POSTING. X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 DAVID FINEGOLD FORMER PRESIDENT 211638 0 0 0 57116 0 17780 0 19489 0 306023 0 0 0 RHONDA PHILIPS PRESIDENT (ENTER 7/23) 216989 0 20000 0 3975 0 11917 0 14216 0 267097 0 0 0 JENNA TEMPLETON FORMER VP FOR ACADEMIC AFFAIRS 132893 0 0 0 90134 0 9814 0 9843 0 242684 0 0 0 EDITH BARRETT DEAN SCHOOL OF ARTS, SCIENCE & BUSINESS 210052 0 0 0 2669 0 12321 0 7075 0 232117 0 0 0 WILLIAM T CAMPBELL VP MARKETING & COMMUNICATIONS 193046 0 0 0 1461 0 12703 0 20822 0 228032 0 0 0 LOUIS G LEONARD DEAN FALK SCHOOL FOR SUSTAINABILITY 204904 0 0 0 1021 0 13415 0 6070 0 225410 0 0 0 AMY BECHER VP FOR ENROLLMENT MANAGEMENT 197760 0 0 0 1806 0 12792 0 6953 0 219311 0 0 0 SALVADOR L BONDOC DEAN, SCHOOL OF HEALTH SCIENCES 184769 0 0 0 589 0 11997 0 19566 0 216921 0 0 0 CAREY MILLER VP UNIVERSITY ADVANCEMENT (EXIT 7/23) 140578 0 0 0 59986 0 10693 0 1917 0 213174 0 0 0 PAUL D STEINHAUS CIO, DIRECTOR OF INFO TECHNOLOGY 171186 0 0 0 4359 0 10619 0 19259 0 205423 0 0 0 JENNIFER HOERSTER FORMER VP FINANCE/ADMIN 119839 0 0 0 40361 0 9875 0 9226 0 179301 0 0 0 MARY JO LOUGHRAN PROFESSOR OF COUNSELING PSYCHOLOGY 158006 0 0 0 1445 0 8896 0 7314 0 175661 0 0 0 SEAN COLEMAN - FORMER VP PLANNING & ASSISTANT SECRETARY 86455 0 0 0 59183 0 6978 0 3668 0 156284 0 0 0 PART I, LINE 1A BASIC EMPLOYEE BENEFITS (INCLUDING HEALTH BENEFITS, LIFE INSURANCE, AND LONG-TERM CARE INSURANCE) ARE REPORTED ON SCHEDULE J, PART II, COLUMN (D). AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO RESIDE IN UNIVERSITY HOUSING. THE VALUE ATTRIBUTED TO THEIR PERSONAL SPACE IS ALSO REPORTED ON SCHEDULE J, PART II, COLUMN (D). EMPLOYER CONTRIBUTIONS TO THE UNIVERSITY'S 403(B) PLAN, ARE REPORTED IN COLUMN (C). AMOUNTS REPORTED IN COLUMN (B)(III) ALSO INCLUDE INTERNAL REVENUE CODE SECTION 132 BENEFITS PROVIDED BY THE UNIVERSITY TO THE PRESIDENT. THE UNIVERSITY DOES NOT PROVIDE THE PRESIDENT WITH AN EXPENSE ACCOUNT FOR PERSONAL USE. SPOUSAL TRAVEL IS LIMITED BY THE TERMS OF THE PRESIDENT'S EMPLOYMENT AGREEMENT. CLUB MEMBERSHIPS: IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE UNIVERSITY, THE UNIVERSITY PAYS OR REIMBURSES THE PRESIDENT FOR, THE PERIODIC DUES FOR MEMBERSHIP IN THE PITTSBURGH GOLF CLUB. DIRECT EXPENSES FOR UTILIZATION OF THE CLUBS ARE THE PRESIDENT'S RESPONSIBILITY, EXCEPT WHEN ATTRIBUTABLE TO UNIVERSITY BUSINESS. PART I, LINES 4A-B DURING THE FISCAL YEAR ENDED JUNE 30, 2024, CHATHAM UNIVERSITY MAINTAINED A SPLIT-DOLLAR LIFE INSURANCE POLICY AGREEMENT WITH DR. DAVID FINEGOLD. NO CASH PAYMENTS, INCLUDING PREMIUM PAYMENTS WERE MADE. DAVID FINEGOLD, PRESIDENT THROUGH MAY 2023, RECEIVED SEVERANCE OF $45,529 DURING CALENDAR YEAR 2023. JENNA TEMPLETON, VP FOR ACADEMIC AFFAIRS THROUGH MAY 2023, RECEIVED SEVERANCE OF $88,604 DURING CALENDAR YEAR 2023. CAREY MILLER, VP FOR UNIVERSITY ADVANCEMENT THROUGH JULY 2023, RECEIVED SEVERANCE OF $59,067 DURING CALENDAR YEAR 2023. JENNIFER HOERSTER, VP FINANCE/ADMIN THROUGH MAY 2023, RECEIVED SEVERANCE OF $39,615 DURING CALENDAR YEAR 2023. SEAN COLEMAN, VP OF PLANNING & ASSISTANT SECRETARY THROUGH JUNE 2023, RECEIVED SEVERANCE OF $57,882 DURING CALENDAR YEAR 2023. PART I, LINE 7 DR. RHONDA PHILLIPS, PRESIDENT, RECEIVED A ONE-TIME SIGNING BONUS OF $20,000. A MCKEESPORT INDUSTRIAL DEVELOPMENT AUTHORITY 000000000 2008-09-29 10000000 CAPITAL PURCHASES AND RENOVATIONS 0 0 0 B ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY 251650137 000000000 2014-07-16 18000000 PHASE 1B CONSTRUCTION AT EDEN HALL CAMPUS 0 0 0 C ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY 251650137 000000000 2022-07-06 22712979 CURRENT REFUNDING OF THE 2012 SERIES A BONDS 0 0 0 A 10000000 800000 9200000 2009 0 0 1 1 B 5833543 18000000 59195 17940805 2014 0 0 1 1 C 1583979 22712979 411271 22301708 2022 1 0 1 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 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 DAVID FINEGOLD FORMER PRESIDENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT X 500000 500000 0 1 1 500000 BROOKS BROADHURST BOARD MEMBER 3587528 PROVIDES DINING SERVICES 0 X 2 264926 COST OR SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS WHO GIFTED STOCK TO CHATHAM UNIVERSITY DURING THE YEAR ENDED JUNE 30, 2024. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD OF TRUSTEES (UNLESS THE BOARD OF TRUSTEES DIRECTS OTHERWISE): PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE CHARTER; CHANGES TO THE BYLAWS; INCURRING OF CORPORATE INDEBTEDNESS IN EXCESS OF TEN PERCENT (10%) OF THE COLLEGE'S NET WORTH; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY IN EXCESS OF ONE PERCENT (1%) OF THE COLLEGE'S NET WORTH; ADOPTION OF THE ANNUAL BUDGET; AND, CONFERRAL OF DEGREES. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, PROCESS OR PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HER OR HIS PERFORMANCE AND SHALL REVIEW THE PRESIDENT'S COMPENSATION AND CONDITIONS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS HAVE A BUSINESS RELATIONSHIP BY VIRTUE OF EMPLOYMENT BY OR CO-MEMBERSHIP ON THE BOARD OF DIRECTORS OF AN ENTITY (OR ENTITIES) UNRELATED TO CHATHAM UNIVERSITY: G. NICHOLAS BECKWITH III; W. DUFF MCCRADY; SANDRA RADER, DNP; BROOKS BROADHURST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY SENIOR FINANCE MANAGEMENT AND THE PRESIDENT IN DETAIL. THE FORM IS THEN DISCUSSED AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FOLLOWING COMMITTEE LEVEL REVIEW, THE APPROVED DOCUMENT IS PROVIDED TO THE FULL MEMBERSHIP OF THE BOARD BEFORE ELECTRONIC SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES SHALL DISCLOSE TO THE BOARD OF TRUSTEES ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. FURTHERMORE, THE TRUSTEE SHALL ABSENT HERSELF OR HIMSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT, OR POSSIBLE CONFLICT, ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MANNER MAY REQUEST THE BOARD OF TRUSTEES OR COMMITTEE TO RESOLVE THE QUESTION IN HER OR HIS ABSENCE BY MAJORITY VOTE. ANNUALLY, BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST DISCLOSURE FORM PROVIDED BY THE SECRETARY OF THE BOARD. THE SIGNED FORM IS THEN FORWARDED TO THE PRESIDENT'S OFFICE AND THE FINANCE DEPARTMENT TO BE LOGGED AND FILED FOR REFERENCE. ANY IDENTIFIED CONFLICTS ARE IMMEDIATELY BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS ESTABLISHED BY THE BOARD OF TRUSTEES THROUGH THE EXECUTIVE OR COMPENSATION COMMITTEE USING INDEPENDENT CONSULTANTS AND DATA FROM PEER INSTITUTIONS. COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES AND IN A WRITTEN EMPLOYMENT CONTRACT. COMPENSATION LEVELS OF ALL EMPLOYEES, INCLUDING DIRECT REPORTS TO THE PRESIDENT, ARE MONITORED BY THE HUMAN RESOURCE DEPARTMENT, THE SENIOR VICE PRESIDENT OF FINANCE AND ADMINISTRATION, VICE PRESIDENT OF ACADEMIC AFFAIRS, AND THE PRESIDENT USING CUPA PEER INSTITUTION COMPARATIVE DATA ON AN ANNUAL BASIS. COMPENSATION INCREASES FOR DIRECT REPORTS TO THE PRESIDENT ARE GENERALLY INCLUDED IN THE ANNUAL MERIT BUDGET INCREASE POOL APPROVED BY THE BOARD OF TRUSTEES. FROM TIME TO TIME, THERE ARE EXTRAORDINARY COMPENSATION ISSUES RELATED TO DIRECT REPORTS TO THE PRESIDENTS AND IN THESE CASES, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES ANY RELATED INCREASES, CONTRACTS, AGREEMENT SIDE LETTERS, OR SPECIAL CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S POLICIES, ORGANIZATIONAL DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART VII, TRUSTEES EMERITI: THE FOLLOWING INDIVIDUALS ARE EMERITI TRUSTEES WHO MAY ATTEND ALL BOARD AND COMMITTEE MEETINGS, BUT SHALL HAVE NO VOTING RIGHTS: CORDELIA SURAN JACOBS, NANCY FOLLETT WAICHLER, MARTHA H. CARSON, JANE MURPHY, PH.D. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS APPROVES THE APPOINTMENT OF THE INDEPENDENT ACCOUNTING FIRM ENGAGED TO AUDIT THE UNIVERSITY'S FINANCIAL STATEMENTS ON AN ANNUAL BASIS. IN ADDITION, THE AUDIT COMMITTEE REVIEWS DRAFT FINANCIAL STATEMENTS AND RECEIVES A REPORT ON THE RESULTS OF THE AUDIT FROM THE INDEPENDENT ACCOUNTANT. THE AUDIT COMMITTEE IS ALSO UPDATED REGARDING THE AUDIT BY THE SENIOR VICE PRESIDENT OF FINANCE FOR FINANCE AND ADMINISTRATION AND BY THE ASSISTANT VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE DIETRICH FOUNDATION 600 GRANT STREET SUITE 5360 PITTSBURGH PA 15219 364711746 SUPPORT, BENEFIT, PERFORM THE FUNCTIONS OF AND CARRY OUT PURPOSES OF C.U. PA 501(C)(3) 12 - TYPE I N/A 0 CHARITABLE GIFT ANNUITIES (3) ANNUITY PA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0