2022-05-13T12:52:15-05:00 2021-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2020-07-01 340714689 NOTRE DAME COLLEGE NOTR 2163811680 4545 COLLEGE ROAD SOUTH EUCLID OH 44121 JENNIFER ERBS VP OF FINANCE AND CFO 2163811680 2022-05-11 1 JENNIFER ERBS 999009999 CHRISTOPHER B ANDERSON P00226559 2163630100 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z J MICHAEL PRESSIMONE 4545 COLLEGE ROAD SOUTH EUCLID OH 44121 51538231 0 0928 X WWW.NOTREDAMECOLLEGE.EDU X 1922 OH NOTRE DAME COLLEGE, A CATHOLIC INSTITUTION IN THE TRADITION OF THE SISTERS OF NOTRE DAME, EDUCATES A DIVERSE POPULATION IN THE LIBERAL ARTS FOR PERSONAL, PROFESSIONAL AND GLOBAL RESPONSIBILITY. 17 16 733 5 0 0 6201110 6514084 41909815 40762239 246532 533172 353349 359224 48710806 48168719 20972495 20897068 0 0 12946169 11033023 0 0 604996 13423640 14333068 47342304 46263159 1368502 1905560 43373444 47555171 26996765 24924904 16376679 22630267 NOTRE DAME COLLEGE, A CATHOLIC INSTITUTION IN THE TRADITION OF THE SISTERS OF NOTRE DAME, EDUCATES A DIVERSE POPULATION IN THE LIBERAL ARTS FOR PERSONAL, PROFESSIONAL AND GLOBAL RESPONSIBILITY. 0 0 39830492 20897068 41116878 HIGHER EDUCATION: NOTRE DAME COLLEGE PROVIDES INSTRUCTION AND RELATED AUXILIARY SERVICES TO APPROXIMATELY 1,500 ENROLLED STUDENTS DURING THE ACADEMIC YEAR. AS A NON-PROFIT EDUCATIONAL INSTITUTION, THE COLLEGE EMPLOYS A REGULAR FACULTY AND MAINTAINS AN UP-TO-DATE CURRICULUM. 39830492 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2101 0 1 733 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X JENNIFER ERBS 2163811680 4545 COLLEGE ROAD SOUTH EUCLID OH 44121 SR MARGARET GORMAN SND PROVINCIAL SUPERIOR/TRUSTEE 1.00 X 0 0 0 TERRI EASON BOARD CHAIR 1.00 X 0 0 0 DANIEL CLARK VICE CHAIR 1.00 X 0 0 0 GEOFFREY RITTS VICE CHAIR 1.00 X 0 0 0 SR MICHELLE KELLY SND TRUSTEE 1.00 X 0 0 0 SANJIV KAPUR TRUSTEE 1.00 X 0 0 0 RICH GARCIA TRUSTEE 1.00 X 0 0 0 BETHANY PUGH TRUSTEE 1.00 X 0 0 0 GINO SCIPIONE TRUSTEE 1.00 X 0 0 0 STEPHANIE GLUECK TRUSTEE 1.00 X 0 0 0 MAY WYKLE TRUSTEE 1.00 X 0 0 0 KEN DONOHUE TRUSTEE 1.00 X 0 0 0 ANN HAWKINS TRUSTEE 1.00 X 0 0 0 JACK MYSLENSKI TRUSTEE 1.00 X 0 0 0 TOM CHAMBERS TRUSTEE 1.00 X 0 0 0 NANCY MCBRIDE TRUSTEE 1.00 X 0 0 0 J MICHAEL PRESSIMONE PRESIDENT 40.00 X X 207718 0 33269 CHERYL NOVISKI V.P. FINANCE & CFO 40.00 X 95610 0 45951 303328 0 79220 1 0 1 0 NORMANDY CATERING INC 30310 PALISADES PARKWAY WICKLIFFE OH 44092 FOOD SERVICE 1616994 WILEY EDUCATION SERVICES 427 S FOURTH ST STE 300 LOUISVILLE KY 40202 ONLINE COURSE MGMT. 757636 ADVENTURES IN AUTOMATION 7515 AVON LANE CHESTERLAND OH 44026 I.T. SERVICES 494742 ALL FOR YOU JANITORIAL INC 7052 FOX HILL DRIVE SOLON OH 44139 CLEANING SERVICES 436360 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE SERVICES 369192 11 42792 5426549 1044743 10219 6514084 TUITION AND FEES 900099 34764854 34764854 AUXILIARY OPERATIONS 900099 5997385 5997385 40762239 219557 219557 4585 0 4585 4585 4585 3671456 3258717 99124 412739 -99124 313615 313615 11671 42792 11671 0 MISC INCOME 900099 354639 354639 354639 48168719 41116878 0 537757 20897068 20897068 378715 324448 42630 11637 8945322 7748118 919688 277516 51062 41802 7752 1508 922007 754802 139969 27236 735917 602459 111719 21739 149563 149563 56451 34891 19591 1969 61751 61751 219630 135749 76221 7660 95502 93529 1823 150 1018522 801495 180202 36825 965723 961979 3744 336796 334674 2122 81280 74075 5340 1865 1129213 1129213 1779429 1386148 336245 57036 287744 286629 1115 CONTRACT SERVICES 4320669 2762958 1401798 155913 PROGRAM EXPENSES 830113 830113 BAD DEBT 450000 450000 REPAIRS & MAINT. 400116 263950 135810 356 2150566 1045605 1101375 3586 46263159 39830492 5827671 604996 2704460 1875513 600000 600000 1049939 701220 2243108 5093099 211303 273442 58902943 33933380 25644835 24969563 10574932 13520120 221438 400894 123429 121320 43373444 47555171 914609 961719 975548 703487 17932829 17553304 51557 18498 7122222 5687896 26996765 24924904 X 6268422 10618490 10108257 12011777 16376679 22630267 43373444 47555171 X 1905560 2582758 1765270 X 0 1 X 1 1 1 X 3420549 2332005 5172969 6201110 6514084 23640717 3420549 2332005 5172969 6201110 6514084 23640717 126234 23514483 635882 423029 417572 340072 224142 2040697 484542 401482 459095 345451 366310 2056880 27738294 216337344 0.84770 0.81750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPEV EVENT REVENUE - 2016 AMOUNT: $ 35,978. 2017 AMOUNT: $ 53,746. 2018 AMOUNT: $ 42,053. 2019 AMOUNT: $ 34,156. 2020 AMOUNT: $ 11,671. OTHER INCOME - 2016 AMOUNT: $ 448,564. 2017 AMOUNT: $ 347,736. 2018 AMOUNT: $ 417,042. 2019 AMOUNT: $ 311,295. 2020 AMOUNT: $ 354,639. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10567010 271640 3153303 475000 13516953 10628189 291049 70772 423000 10567010 10033782 623484 365923 395000 10628189 8406227 1257963 719592 350000 10033782 6902042 850267 1003918 350000 8406227 0.30785 0.51230 0.17985 0 0 4000000 4000000 41944062 23644558 18299504 7907361 6772068 1135293 5051520 3516754 1534766 24969563 FAIR VALUE OF INTEREST RATE SWAP 4752480 REFUNDABLE LOAN PROGRAMS 523878 CAPITAL LEASE OBLIGATIONS 411538 5687896 X 31806830 2582758 1765270 4348028 27458802 61751 20648166 20709917 48168719 25553242 0 25553242 61751 20648166 20709917 46263159 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - THE COLLEGE UTILIZES ITS ENDOWMENT FUNDS TO ENSURE THE LONG-TERM VIABILITY OF THE ORGANIZATION WHILE APPROPRIATING FUNDS ON AN ANNUAL BASIS TO SUPPORT SCHOLARSHIPS AND OTHER OPERATIONAL EXPENDITURES. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - TAX STATUS: THE COLLEGE IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF JUNE 30, 2021, THE COLLEGE'S TAX YEARS FROM 2017 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,765,270. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS TO STUDENTS WHICH WERE NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE ON FORM 990 20,198,166. BAD DEBT EXPENSE WHICH WAS NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 450,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS TO STUDENTS WHICH WERE NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE ON FORM 990 20,198,166. BAD DEBT EXPENSE WHICH WAS NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS 450,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTRE DAME COLLEGE ANNUALLY PUBLISHES A NOTICE OF ITS RACIALLY NON-DISCRIMINATORY POLICY IN THE NEWSPAPER WHICH SERVES THE GENERAL COMMUNITY. NOTRE DAME COLLEGE HAS BEEN RECOGNIZED BY U.S. NEWS & WORLD REPORT AS ONE OF THE MOST DIVERSE COMPREHENSIVE COLLEGES IN OHIO. SCHEDULE E, PART I, LINE 6 NOTRE DAME COLLEGE RECEIVES FEDERAL ASSISTANCE THROUGH THE FOLLOWING PROGRAMS: THE U.S. DEPARTMENT OF EDUCATION FEDERAL PELL GRANT PROGRAM, THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, THE FEDERAL WORK STUDY PROGRAM, THE FEDERAL PERKINS LOAN PROGRAM, THE FEDERAL TEACH GRANT PROGRAM, THE DIRECT LOAN PROGRAM, AND HIGHER EDUCATION EMERGENCY RELIEF FUNDS UNDER THE CARES ACT. INNER CITY SAINTS 10543 9932 611 611 CARING HEARTS 22341 18423 3918 3917 2 21579 14437 7142 6476 667 54463 42792 11671 6476 5195 11671 0 1 SCHOLARSHIPS 1137 20198166 0 HIGHER EDUCATION EMERGENCY RELIEF FUNDS 924 698902 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE COLLEGE'S FINANCIAL AID, DEVELOPMENT, AND BUSINESS OFFICES TOGETHER ARE RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS. THREE DIFFERENT OFFICES ARE INVOLVED IN THE PROCESS FOR ADEQUATE CHECKS AND BALANCES. THE FINANCIAL AID OFFICE VERIFIES STUDENT ELIGIBILITY FOR GRANTS AND AWARDS THE GRANT FUNDS. THE DEVELOPMENT OFFICE CLOSELY MONITORS THE RESTRICTIONS PLACED ON THE GRANT FUNDS FROM THIRD PARTIES. THE DEVELOPMENT OFFICE ENSURES THAT THE GRANTEES SELECTED BY THE FINANCIAL AID OFFICE FULFILL THROUGHOUT THE SEMESTER THE RESTRICTIONS ON THESE GRANTS. THE DEVELOPMENT OFFICE USES INTERNAL REPORTS PROVIDED BY THE FINANCIAL AID OFFICE TO ASSIST WITH THIS PROCESS. THESE INTERNAL REPORTS PROVIDE BASIC DATA ON STUDENT ELIGIBILITY, SUCH AS MAJOR, GPA, AND EXTRACURRICULAR ACTIVITIES. THE DEVELOPMENT OFFICE REPORTS BACK TO THE APPROPRIATE GRANTORS CONCERNING THE USE OF THE GRANT FUNDS. THE BUSINESS OFFICE POSTS THE DISBURSEMENT OF GRANT FUNDS TO THE GENERAL LEDGER UPON RECEIVING CONFIRMATION FROM THE FINANCIAL AID AND DEVELOPMENT OFFICES. ALL GRANT INFORMATION IS KEPT ON A SECURE DATABASE. THIS DATABASE INCLUDES THE NAMES OF THE STUDENTS RECEIVING GRANTS, THE AMOUNT OF THE GRANTS, THE CRITERIA USED TO AWARD GRANTS, AND THE APPLICABLE SEMESTER AND ACADEMIC YEAR. X X 1 1 X X 0 0 0 0 0 0 0 0 0 J MICHAEL PRESSIMONE PRESIDENT 186718 0 0 0 21000 0 5833 0 27436 0 240987 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN INDIVIDUALS - THE COLLEGE PROVIDES NONTAXABLE REIMBURSEMENT OF SPOUSAL TRAVEL EXPENSES AND SOCIAL MEMBERSHIP AND RELATED REASONABLE ENTERTAINMENT EXPENSES IN CONNECTION WITH THE DUTIES OF THE PRESIDENT OF THE COLLEGE. THE COLLEGE REQUIRES SUBSTANTIATION OF THE BUSINESS PURPOSE PRIOR TO REIMBURSEMENT. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BWS5 2008-08-21 20000000 SEE PART VI 0 0 0 A 20000000 600000 889723 3272295 398597 14739385 2009 0 0 1 1 A 0 0 1 1 0 0.02000 0.02000 1 0 0 A 0 0 0 1 1 1 BANK OF AMERICA 30.000000000000 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 10/15/2013 PART I, LINE A, COL.F - PURPOSE OF BONDS: BOND PROCEEDS WERE USED FOR THE FOLLOWING PURPOSES: CONSTRUCTING, EQUIPPING, FURNISHING, AND OTHERWISE IMPROVING TWO NEW STUDENT HOUSING FACILITIES; RENOVATIONS AND IMPROVEMENTS TO EXISTING CAMPUS DINING HALL; CONSTRUCTION OF PARKING FACILITIES; INFRASTRUCTURE AND VARIOUS BUILDING IMPROVEMENTS; FUNDING OF A PORTION OF CONSTRUCTION PERIOD INTEREST; FUNDING OF RESERVE FUND; AND COSTS OF ISSUING BONDS. FORM 990, PART VI, SECTION A, LINE 6 MEMBER OF THE CORPORATION - THE MEMBER OF THE CORPORATION IS THE SND NATIONAL MINISTRY CORPORATION. SEE THE EXPLANATION FOR QUESTION 7B FOR THE POWERS RESERVED TO THE MEMBER. ALL OTHER POWERS AND AUTHORITY FOR THE CONDUCT AND MANAGEMENT OF THE AFFAIRS OF THE COLLEGE ARE DELEGATED AND TRANSFERRED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B POWERS RESERVED BY THE MEMBERS - THE MEMBER OF THE CORPORATION IS THE SND NATIONAL MINISTRY CORPORATION. APPROVAL OF THE MEMBER, AS RECENTLY UPDATED IN THE COLLEGE'S CONSTITUTION, IS REQUIRED FOR CERTAIN MATTERS INCLUDING THE ACCOUNTABILITY FOR THE CATHOLICITY OF THE COLLEGE, ESTABLISHING THE PHILOSOPHY AND MISSION OF THE COLLEGE, AMENDING THE COLLEGE'S ORGANIZING DOCUMENTS INCLUDING ITS CONSTITUTION, APPROVING THE SELECTION OF CANDIDATES TO BE INTERVIEWED FOR THE PRESIDENT OF THE COLLEGE, AND INITIATING THE LIQUIDATION, DISSOLUTION OR MERGER OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - DATA FOR FORM 990 IS INTERNALLY PREPARED UNDER THE VICE PRESIDENT OF FINANCE AND CFO WITH REVIEW BY THE PRESIDENT OF THE COLLEGE. THIS DATA IS REVIEWED BY THE OUTSIDE TAX PROFESSIONAL FROM THE AUDIT FIRM OF THE COLLEGE, AND FORM 990 IS PREPARED. FORM 990 IS E-MAILED TO THE AUDIT COMMITTEE OF THE BOARD TO COMPLETE A REVIEW. THIS REVIEW TYPICALLY TAKES PLACE IN MAY. FORM 990, PART VI, SECTION B, LINE 11B DISTRIBUTION OF FORM 990 TO THE BOARD - THE BOARD OF TRUSTEES RECEIVES A COPY OF FORM 990 BEFORE IT IS FILED, BUT DONOR NAMES AND ADDRESSES ARE REDACTED FROM SCHEDULE B. THE COLLEGE BELIEVES THAT DONOR INFORMATION IS CONFIDENTIAL, AND SOME DONORS REQUEST THAT THEIR GIFTS REMAIN ANONYMOUS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION ON LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES A COPY OF FORM 990 WITH INFORMATION REDACTED FROM SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE CONFLICT OF INTEREST POLICY COVERS THE TRUSTEES, OFFICERS, AND OTHER KEY EMPLOYEES. THE TRUSTEES, OFFICERS, AND KEY EMPLOYEES COMPLETE A STATEMENT ONCE A YEAR TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OR THE PRESIDENT OF THE COLLEGE. THE COLLEGE PRESIDENT OR BOARD SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT NOTRE DAME COLLEGE'S BEST INTERESTS. AN INDIVIDUAL WITH A CONFLICT OF INTEREST IS PROHIBITED FROM VOTING ON ANY MATTER THAT DEALS WITH THE CONFLICT AND FROM PARTICIPATING IN ANY DECISIONS THAT RELATE TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW AND APPROVAL - THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE USES COMPARABILITY DATA IN ESTABLISHING COMPENSATION AND BENEFITS. THE COMMITTEE MEMBERS ARE INDEPENDENT OF THE PRESIDENT. AS A SMALL COLLEGE WITH LIMITED RESOURCES, THE COMPENSATION LEVEL OF OTHER OFFICERS DOES NOT RISE TO A LEVEL TO NECESSITATE COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE COLLEGE DOES NOT MAKE ITS FINANCIAL STATEMENTS, CONFLICT POLICY OR ORGANIZING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,765,270.