2022-04-12T13:24:43-07:00 2021-06-30 990 2020-07-01 250496976 GANNON UNIVERSITY GANN 8148717000 109 University Square Erie PA 16541 Valerie Bacik Vice President Planning and Finance 8148717000 2022-04-12 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Dr Keith Taylor 109 University Square Erie PA 16541 177829415 0 X www.gannon.edu X 1925 PA Gannon University is an institution of post-secondary education with campuses in Erie, PA and Ruskin, FL, offering over 100 academic programs, including online and traditional Associate, Bachelor's, Master's, and Doctoral degrees to a Fall 2020 student enrollment of 4,251. 36 34 1984 150 37328 0 12273807 13017581 137296442 142310380 3008468 5233525 628101 557022 153206818 161118508 51367941 53614273 0 0 59966772 61413339 19520 29222 1602671 33853587 33762184 145207820 148819018 7998998 12299490 276609681 319311076 102477917 115848849 174131764 203462227 GANNON IS A CATHOLIC, DIOCESAN UNIVERSITY DEDICATED TO EXCELLENCE IN TEACHING, SCHOLARSHIP, AND SERVICE. OUR FACULTY AND STAFF PREPARE STUDENTS TO BE GLOBAL CITIZENS THROUGH PROGRAMS GROUNDED IN THE LIBERAL ARTS AND SCIENCES AND PROFESSIONAL SPECIALIZATIONS. INSPIRED BY THE CATHOLIC INTELLECTUAL TRADITION, WE OFFER A COMPREHENSIVE, VALUES-CENTERED LEARNING EXPERIENCE THAT EMPHASIZES FAITH, LEADERSHIP, INCLUSIVENESS AND SOCIAL RESPONSIBILITY. 0 0 118517125 53614273 127700584 Instruction and other supported programs: Gannon University is an institution of higher education providing associate, baccalaureate, and graduate education to 3,708 FTE students. The university employs approximately 238 full-time and 214 part-time faculty members. 9532776 14561065 Auxiliary Enterprises: Gannon University provides service to students and staff including primary dormitory accommodations for 1220 students and associated food services during the academic year and summer sessions. 1835369 0 Public Service: The university supports several programs which benefit students as well as the general public. These services include a small business development center, a chamber orchestra, a leadership development program, and several programs whose goals include environmental and social concerns. 469266 403086 Research 469266 0 403086 130354536 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 4826 0 1984 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 34 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL PA X Jeffrey S Taylor 8148717213 109 University Square Erie PA 16541 Keith Taylor President 40 0 X X 464571 0 54072 Walter Iwanenko VP Academic Affairs 40 0 X 216916 0 110727 Steven Mauro VP Academic Administration 40 0 X 215272 0 48540 Mahesh Aggarwal Professor-Mechanical Engineering 40 0 X 231063 0 24194 William Edmondson VP Enrollment 40 0 X 198585 0 44814 Barbara Beuscher VP University Advancement 40 0 X 193484 0 43994 Ralph Nichols VP Student Development to 9/15/2020 40 0 X 187340 0 42811 Karinna Vernaza Dean-College of Eng and Business 40 0 X 177310 0 38215 Valerie Bacik VP Planning & Finance 40 0 X 183736 0 30356 Michael Panza Professor-Mechanical Engineering 40 0 X 172839 0 32715 Richard Johnson Professor, DR of Physical Therapy 40 0 X 192524 0 11356 Susantha Herath Associate Dean, College of Engineering and Business 40 0 X 173997 0 29529 David Barker Board Member/President Faculty Senate 40 0 X 106946 0 34555 Beth Kropf Board Member/Student Government President 2 0 X 1504 0 0 Robert P Barker Board Member 2.0 0 X 0 0 0 Candace D Battles Board Member 2.0 0 X 0 0 0 Richard E Beattie Board Member 2.0 0 X 0 0 0 Rev Msgr Robert L Brugger Board Member 2.0 0 X 0 0 0 Walter W Cooper Board Member 2.0 0 X 0 0 0 Tina M Donikowski Board Member 2.0 0 X 0 0 0 Sr Mary Drexler Board Member 2.0 0 X 0 0 0 Dana M Fallon Board Member 2.0 0 X 0 0 0 Very Rev Michael Ferrick Board Member 2.0 0 X 0 0 0 James Fiorenzo Board Member 2.0 0 X 0 0 0 Gwendolyn M Garbarino Board Member 2.0 0 X 0 0 0 James Grunke Board Member 2.0 0 X 0 0 0 Thomas C Guelcher Vice Chairperson 2.0 0 X X 0 0 0 Timothy J Hilty Board Member 2.0 0 X 0 0 0 Rev Scott W Jabo Board Member 2.0 0 X 0 0 0 Stacy M Juchno Board Member 2.0 0 X 0 0 0 Scott M Krall Board Member 2.0 0 X 0 0 0 Msgr Edward M Lohse Board Member 2.0 0 X 0 0 0 Elisabeth Monsalve Board Member 2.0 0 X 0 0 0 Pierre McCormick Board Member 2.0 0 X 0 0 0 Mark J Minnaugh Secretary 2.0 0 X X 0 0 0 Timothy NeCastro Board Member 2.0 0 X 0 0 0 Richard G Orlando Board Member 2.0 0 X 0 0 0 Most Rev Lawrence T Persico Chairperson 2.0 0 X X 0 0 0 Kiran K Rajasenan Board Member 2.0 0 X 0 0 0 Rev Nicholas J Rouch Board Member 2.0 0 X 0 0 0 James J Rutkowski Board Member 2.0 0 X 0 0 0 James A Scozzie Board Member 2.0 0 X 0 0 0 Antoinette Spevetz Board Member 2.0 0 X 0 0 0 Rev Marc Stockton Board Member 2.0 0 X 0 0 0 Aaron Susmarski Board Member 2.0 0 X 0 0 0 Margaret A VanderLaan Board Member 2.0 0 X 0 0 0 Howard Ward Board Member 2.0 0 X 0 0 0 2716087 0 545878 59 0 1 0 Building Systems Inc 7335 Old Perry Highway Erie PA 16509 General contractor 11873000 Metz and Associates LTD Two Woodland Drive Dallas PA 18612 Food service provider 2878319 Hamot Anesthesia Program 201 State Street Erie PA 16550 Education services 691470 Ellucian Company LP 4375 Fair Lakes Court Fairfax VA 22033 Information Technology 458137 The University Financing Foundation 1800 Parkway Place Suite 230 Marietta GA 30067 Project management 389782 19 106027 0 0 0 8858436 4053118 457895 13017581 Tuition and Fees 611310 127749315 127749315 0 0 Auxiliary Expense 611310 14561065 14561065 0 0 0 0 0 0 142310380 2109481 0 0 2109481 20798 0 0 20798 0 0 0 0 64251 0 47286 0 16965 0 16965 0 0 16965 18772721 994146 16642554 21067 2130167 973079 3103246 0 0 3103246 0 Bookstore Commission 900099 145714 0 0 145714 Wellness Center 900099 14561 0 14561 0 Advertising 541800 17690 0 17690 0 362092 354355 5077 2660 540057 161118508 142664735 37328 5398864 100000 100000 53514273 53514273 2121286 1127243 748148 245895 0 43438673 35403767 7239262 795644 2606415 2136581 417692 52142 10380415 9254847 980603 144965 2866550 2462687 348617 55246 0 176184 2760 173424 0 91065 0 91065 0 29222 29222 0 0 3847629 2896705 882444 68480 933012 125092 807920 3015817 1880752 1039802 95263 2394836 1020355 1371108 3373 2638574 2308707 329867 1233463 1043860 102022 87581 355830 335786 10076 9968 3453485 3453485 6176838 5158961 1017877 1064190 309043 755147 Cafeteria 2903491 2903491 0 0 Equipment 1522231 1346003 164136 12092 Maintenance 3020719 3020719 0 0 Recruiting 56733 56733 0 0 878087 492686 382601 2800 148819018 130354536 16861811 1602671 4225 3925 27393327 34426172 2449201 1649844 7365395 1911470 1203712 776197 268006744 106551035 151817897 161455709 84390372 116875184 263228 222577 1722324 1505077 484921 276609681 319311076 13075270 11694658 0 0 3804269 5151444 82689708 95404963 646452 759851 0 0 0 0 0 0 2262218 2837933 102477917 115848849 X 127305100 143469196 46826664 59993031 174131764 203462227 276609681 319311076 12299490 17030973 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 0 1 X 63539373 1080340 21317237 1359048 1120952 0 83456950 64597398 981057 1001918 1753604 1287396 0 63539373 63420950 1056904 3046544 1672040 1254960 0 64597398 60225662 1443992 4600129 1529303 1286697 32833 63420950 56565580 1080642 6923000 1275126 3029434 39000 60225662 0.3165 0.4344 0.2491 0 0 0 13277238 13277238 0 208683979 78174223 130509756 0 0 0 0 0 37485307 26493330 10991977 0 8560220 1883482 6676738 161455709 Federal Loan Program 1921012 Operating lease obligations 484921 Post-retirement benefits 432000 2837933 X 124582484 17030963 0 0 -53614273 -36583310 161165794 0 -47286 -47286 161118508 95252031 0 0 0 47286 47286 95204745 0 53614273 53614273 148819018 Schedule D, Part III, Line 1 The University follows a policy of not recording or capitalizing its collection of works of art, historical treasures, and similar assets. Schedule D, Part III, Line 4 Nash Library maintains the Gannon University archives which seeks to collect and preserve selected documents and artifacts related to the history of the University, particularly the achievements of the University's faculty, students, and staff, as well as its relationship to the Catholic Diocese of Erie and the greater Erie community. Schedule D, Part IV, Line 2b Custodian for funds of student groups Schedule D, Part V, Line 4 The University endowment funds are invested over the longer time horizons to earn a return that supports programs of the University as directed by donors. The endowment funds primarily support student scholarships, along with faculty research and development and other academic programs. Schedule D, 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. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2021 and 2020. At June 30, 2021, the University had net operating loss carryforwards resulting from its unrelated business activities which may be applied against future years' taxable income. A valuation allowance has been recorded to offset the resulting deferred tax asset due to the uncertainty of the future use of these net operating losses. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. Schedule D, Part XI, Line 2d Financial aid, $-53,614,273 Schedule D, Part XI, Line 4b Rent expenses, $-47,286 Schedule D, Part XII, Line 2d Rent expenses, $47,286 Schedule D, Part XII, Line 4b Financial aid, $53,614,273 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 Schedule E, Part I, Line 3 Gannon University website Schedule E, Part I, Line 6 The University receives various federal grants directly from the U.S. Department of Education, such as Pell grants, Supplemental Education Opportunity Grants (SEOG), and College Work-Study funds. The University also receives grants from the Commonwealth of Pennsylvania, such as PHEAA grants and the Institutional Assistance Grant (IAG). The University was awarded a federal capital contribution from the U.S. Department of Health and Human Services for the Nursing Student Loan Program. There are two programs, the baccalaureate nursing and associate nursing. X X X X X X 1 Wilson-Bennett Technology 2239 Bill Foster Memorial Hwy Cabot AR 72023 Phonathon support 0 102032 29222 72810 102032 29222 72810 FL MO PA 1 City of Erie 626 State Street Erie PA 16501 256000857 100000 Fire and emergency support. Gannon is an anchor institution and we support our community. 1 0 Student Grants and Scholarships 2646 53514273 0 Schedule I, Part I, Line 2 The University awards scholarships to freshmen and transfer students who meet eligibility standards for merit based aid such as academic and leadership awards. In addition, need-based aid is considered for students who demonstrate financial need by filing the required applications and adhering to deadlines. Award packages are renewed each year to students who remain in academically good standing and continue to meet the required eligibility standards for both types of merit and need-based aid. Students need not apply for specific scholarships since they will automatically receive consideration for all funds for which they may be eligible when they submit the FAFSA. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Keith Taylor President 393669 0 0 0 70902 0 21375 0 29934 0 515880 0 0 0 Walter Iwanenko VP Academic Affairs 215821 0 0 0 1095 0 58190 0 53076 0 328182 0 0 0 Steven Mauro VP Academic Administration 214555 0 0 0 718 0 16503 0 24904 0 256680 0 0 0 Mahesh Aggarwal Professor-Mechanical Engineering 225774 0 0 0 5288 0 13273 0 9003 0 253338 0 0 0 William Edmondson VP Enrollment 187564 0 0 0 11020 0 15417 0 24729 0 238730 0 0 0 Barbara Beuscher VP University Advancement 183983 0 0 0 9501 0 14409 0 22882 0 230775 0 0 0 Ralph Nichols VP Student Development 139262 0 0 0 48077 0 11020 0 23719 0 222078 0 0 0 Karinna Vernaza Dean-College of Eng and Business 176750 0 0 0 561 0 13630 0 16341 0 207282 0 0 0 Valerie Bacik VP Planning & Finance 182845 0 0 0 891 0 18729 0 10217 0 212682 0 0 0 Michael Panza Professor-Mechanical Engineering 167396 0 0 0 5442 0 13049 0 16664 0 202551 0 0 0 Richard Johnson Professor, DR of Physical Therapy 188884 0 0 0 3640 0 10504 0 1332 0 204360 0 0 0 Susantha Herath Associate Dean, College of Engineering and Business 161278 0 0 0 12718 0 12462 0 23535 0 209993 0 0 0 Schedule J, Part I, Line 1a Travel for Companions-The President's spouse attends the annual meeting of the Council of Independent Colleges (CIC) because there is a spousal component of the meeting. This is not included in taxable compensation. Tax Indemnification and Gross-Up Payments-This is done on a rare occasion and for very small amounts; usually to correct an error. Housing Allowance or Resident for Personal Use-The President receives a housing allowance as part of his compensation package and it is included in his taxable compensation. Health or Social Club Due or Initiation Fees-The University pays dues for social club memberships for the President and Vice President of University Advancement. The memberships are used for business purposes of the University. Schedule J, Part I, Line 4 Ralph Nichols received a severance payment in the amount of $46,835; Walter Iwanenko 457(f) plan $41,758 A City of Erie Higher Education Building Authority 251536711 295437GD2 2010-07-28 8500000 See Part VI 0 0 0 B City of Erie Higher Education Building Authority 251536711 295435BA8 2013-04-25 15758896 See Part VI 0 0 0 C City of Erie Higher Education Building Authority 251536711 2013-06-17 5500000 See Part VI 0 0 0 D City of Erie Higher Education Building Authority 251536711 295435BB6 2016-11-17 31131351 See Part VI 0 0 0 A 3810340 0 8500000 439369 0 0 0 0 0 8087536 0 0 2011 0 0 1 1 B 3030000 0 15758896 1052339 0 0 208896 0 0 14500000 0 0 2014 0 0 1 1 C 3545000 0 5500000 0 0 0 0 0 0 0 5500000 0 2013 1 0 1 1 D 0 0 31131351 0 0 0 370958 0 0 16247697 14512696 0 2018 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 1 1 0 0.045 0 0.045 0 0 1 D 0 0 1 1 0 0.025 0.025 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part I, Column f-07/28/2010 8,500,000 City of Erie Higher Education Building Authority The Project will consist of: (A) the construction of (i) an approximately 293-bed student housing facility on the campus and (ii) site and infrastructure improvements and other miscellaneous capital improvements to existing facilities and acquisition of capital equipment for use in or in connection with the facilities; (B) Capitalized interest on the Series 2010 bonds to July 1, 2011; (C) a debt service reserve fund for the Series 2010 bonds; and (D) Costs relating to the issuance of the Series 2010 bonds. Schedule K, Part I, Column f-04/25/2013 15,758,896 City of Erie Higher Education Building Authority The Project will consist of (I) the acquisition, design, construction, renovation, equipping and furnishing of new facilities and existing facilities of the borrower located on the existing campus of the borrower or property currently owned or to be purchased by the borrower, including, but not limited to, renovation of the Recreation Center and construction of a fieldhouse and indoor turf field, together with certain site and infrastructure improvements and other miscellaneous capital improvements to existing facilities of the borrower and acquisition of capital equipment for use in or in connection with the borrower's facilities (the "2013 capital additions"); (II) Funding a 2013 debt service reserve fund for the Series 2013 bonds; and (III) the payment of the costs of issuing the Series 2013 bonds. Schedule K, Part I, Column f-06/17/2013 5,500,000 City of Erie Higher Education Building Authority Partial refunding of the Series 2007 GG3 issue. The partially refunded project consists of: (I) Renovations to Zurn Science Center; (II) Renovations to Beyer Hall; (III) Site and infrastructure improvements and other miscellaneous capital improvements to existing facilities of the University and acquisition of capital equipment for use in or in connection with the University's facilities; (IV) Funding capitalized interest on the bonds; (V) Funding a debt service reserve fund for the bonds; and (VI) Payment of certain costs of issuing the bonds. Schedule K, Part I, Column f-11/17/2016 31,131,351 City of Erie Higher Education Building Authority The project consists of: (I) The advance refunding of the City of Erie Higher Education Authority's Revenue Bonds, Series 2007 GG3 currently outstanding in the amount of $16,500,000, the proceeds of which were utilized for renovations and capital improvements to educational buildings located on the borrower's campus; (II) The interior demolition of the existing library and the design, construction, equipping and furnishing of the borrower's library facilities, together with other site and infrastructure improvements and other miscellaneous capital improvements to existing facilities of the borrower and acquisition of capital equipment for use in or in connection with the borrower's facilities; and (III) Payment of certain costs of issuing the 2016 bonds. A Public Finance Authority 273866124 74445FAJ3 2017-09-20 22756200 See Part VI 0 0 0 B City of Erie Higher Education Building Authority 251536711 295435CT6 2021-04-22 24305196 See Part VI 0 0 0 A 0 0 22756200 0 1588377 0 567823 0 0 20600000 0 0 2019 0 0 1 1 B 0 0 24305196 0 0 0 310407 0 0 440788 8912073 14644798 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-09/20/2017 22,756,200 Public Finance Authority The project consists of: (I) The acquisition, construction, furnishing and equipping of a new academic building; (II) The renovation, improvement, furnishing and equipping of an existing academic building; (III) Acquisition, construction, installation, renovation, and improvement of all related fixtures, furnishings, equipment, parking facilities, utility facilities, building and site improvements, and site acquisitions and other miscellaneous capital expenditures all located at 105 Commercial Drive, Ruskin, FL 33573 Schedule K, Part I, Column f-04/22/2021 24,305,196 City of Erie Higher Education Building Authority The proceeds of the sale of the Bonds will be used to finance all or a portion of the costs of the (i) current refunding of all or a portion of the Authority's Revenue Bonds (Gannon University Project) Series 2010A (the "2010A Bonds"), (ii) the payment of, or reimbursement to the Borrower of, certain expenditures for the renovation and equipping of the existing South Hall building as a student residence and other miscellaneous capital expenditures (the "Capital Project"), (iii) the funding of interest payable during construction, and (iv) the payment of certain costs of issuance of the Bonds. Various Officer 59280 Tuition assistance Educational costs Mary Jean Taylor Spouse of President 51545 Salary and fringe benefits 0 Mary Iwanenko Spouse of VP for Academic Affairs 16365 Salary 0 Schedule L, Part IV Schedule L, Part IV-The President and the VP for Academic Affairs to do not supervise Ms. Taylor or Ms. Iwanenko nor do they participate in the determination of the spouses' compensation. X 2881 Thrift shop value X 25 436514 NYSE X 10 dining room chairs 1 1000 Cost X Analytical balance 1 2000 Cost X French style chest, porcelain urn and pedestal 1 15500 Appraisal 1 0 1 0 Schedule M, Part I Schedule M, Part I-Column (B): Reporting number of contributors in Part I, Column (B) Form 990, Part VI, Section A, Line 7a The Bishop of the Roman Catholic Diocese of Erie has the sole and exclusive power and authority to approve nominations to the Board of Trustees, and to the offices of the Vice Chairperson and Secretary. Form 990, Part VI, Section A, Line 7b The Bishop of the Roman Catholic Diocese of Erie has the sole and exclusive power and authority to: Establish the mission and philosophy according to which the University operates. The doctrinal and moral holdings of the Catholic faith as enunciated by the teaching office of the Church, the Magisterium, are the philosophy by which the mission of the University as well as of its Catholic identity shall be preserved; Amend the Corporate Charter and Bylaws; Approve nominations to the Board of Trustees, and to the offices of Vice Chairperson and Secretary; Lease or sell corporate assets in excess of $100,000 or encumber corporate assets with liens of more than $100,000; Merge or dissolve the corporation. Form 990, Part VI, Section B, Line 11b A copy of Form 990 is provided to all members of the Board of Trustees before it is filed. The Audit Subcommittee of the Board of Trustees is delegated the responsibility of review of the Form 990 before it is filed. The University's independent audit firm (Baker Tilly US, LLC) also reviews the form. Form 990, Part VI, Section B, Line 12c Gannon has two conflict of interest policies; one for members of the Board of Trustees and one for employees. Each Board member is required to complete a conflict of interest form at the September Board meeting. These are gathered by the President's Office with copies sent to the Internal Auditor. The Internal Auditor analyzes the disclosures made with the assistance of the Controller and Vice President for Planning and Finance and prepares a summary of any relationships disclosed. Family and business relationships are stated in the policy as sources of potential conflicts. All employees are required to sign a conflict of interest form upon hire. If any relationships are disclosed a copy of the form is sent to be analyzed by the Internal Auditor. Key employees are required to complete and update the form annually. In May of each year, the list of key employees is analyzed and updated as necessary by the Internal Auditor with the assistance of the Vice President for Planning and Finance. In December of each year, the forms are sent to the individuals identified as key employees. The completed forms are then analyzed by the Internal Auditor, Controller and Vice President for Planning and Finance and a summary is prepared of any relationships disclosed. Both summaries are then presented to the Audit Subcommittee of the Board of Trustees at the February meeting. If Board of Trustees members report a relationship conflict they would recuse themselves from decisions related to those transactions. Form 990, Part VI, Section B, Line 15 The Evaluation/Executive Compensation Committee of the Board of Trustees meet regularly to consider the compensation packages of the President and Vice Presidents and to approve any changes to current written employment contracts. The Committee reviews the compensation surveys, comparable industry compensation data, and 990's from comparable institutions. As is relates to the President, the Committee engages an independent consultant. Minutes are kept for Committee meetings. Form 990, Part VI, Section C, Line 19 The University makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.