2022-04-26T08:00:45-05:00 2021-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-07-01 231657958 NEUMANN UNIVERSITY NEUM 6105585503 ONE NEUMANN DRIVE ASTON PA 190141298 GENE MCWILLIAMS VP FINANCE & ADMIN 6105585503 2022-04-25 1 GENE MCWILLIAMS 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GENE MCWILLIAMS ONE NEUMANN DRIVE ASTON PA 190141298 94943116 0 X WWW.NEUMANN.EDU X 1965 PA TO MAINTAIN AND OPERATE A COLLEGE FOR THE LIBERAL EDUCATION OF MEN AND WOMEN. 25 24 924 2 100 0 5742677 12276844 62195470 62109212 5431581 2398106 950875 920013 74320603 77704175 21440135 22963707 0 0 26641858 25660189 33266 54350 1562651 24349655 23480080 72464914 72158326 1855689 5545849 141368145 154904003 48618289 49934622 92749856 104969381 X NEUMANN UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS BASED UPON THE BELIEF THAT KNOWLEDGE IS A GIFT TO BE SHARED IN THE SERVICE OF OTHERS AND THAT LEARNING IS A LIFELONG PROCESS. 0 0 61513285 22963707 62110018 NEUMANN UNIVERSITY IS A PRIVATE, CATHOLIC, FRANCISCAN, CO-EDUCATIONAL UNIVERSITY.FALL ENROLLMENT (FULL TIME AND PART TIME) FOR 2021 WAS 2,212 STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN A BROAD RANGE OF SUBJECTS. GRADUATE DEGREES INCLUDE THREE DOCTORAL PROGRAMS AND SIX MASTER OF SCIENCE PROGRAMS. STUDENT ACTIVITIES INCLUDE NUMEROUS CLUB ACTIVITIES, ART AND MUSICAL GROUPS, AND NINETEEN SPORTS TEAMS.CONTINUED ON SCHEDULE O.FACULTY AND STUDENTS HAVE BEEN RECOGNIZED BY MANY ORGANIZATIONS FOR THEIR RESPECTIVE CONTRIBUTIONS TO ACADEMIC EXCELLENCE AND COMMUNITY SERVICE. DURING THE YEAR ENDED JUNE 30, 2021, THE UNIVERSITY PROVIDED STUDENTS WITH FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $21,339,000 WHICH REPRESENTED ABOUT 38% OF GROSS TUITION AND FEE REVENUE FOR THE YEAR. 61513285 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 92 0 924 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CO KY ME MD MA MI NH NY OH OK OR WA PA SC X GENE MCWILLIAMS VP FINANCE ADMIN 6105585503 ONE NEUMANN DRIVE ASTON PA 190141298 ANTHONY LATINI JR CFA CHAIR 1.00 X X 0 0 0 SR MARIE ANGELA PRESENZA OSF SECRETARY 1.00 X X 0 0 0 CHRISTOPHER E DOMES EDD PRESIDENT 40.00 X X 374414 0 53793 ANN BAIADA RN CRRN CHAIR (UNTIL 2020) 1.00 X X 0 0 0 PETER G ABESSINIO TRUSTEE 1.00 X 0 0 0 SR ESTHER ANDERSON OSF TRUSTEE 1.00 X 0 0 0 REV MSGR FEDERICO BRITTO TRUSTEE 1.00 X 0 0 0 THOMAS A BRUDER JR TRUSTEE 1.00 X 0 0 0 SHELLY BUCK TRUSTEE 1.00 X 0 0 0 RENOLD J CAPOCASALE TRUSTEE 1.00 X 0 0 0 JAMES DELANEY TRUSTEE 1.00 X 0 0 0 DOMINIC DEMARCO TRUSTEE 1.00 X 0 0 0 JAY DEVINE TRUSTEE 1.00 X 0 0 0 BRIAN DISABATINO TRUSTEE 1.00 X 0 0 0 THOMAS M DUGAN TRUSTEE 1.00 X 0 0 0 JOHN C FORD TRUSTEE 1.00 X 0 0 0 JOHN FUREY TRUSTEE 1.00 X 0 0 0 REGINA HANEY EDD TRUSTEE 1.00 X 0 0 0 SR ELIZABETH HOWE OSF TRUSTEE 1.00 X 0 0 0 FRANK JANTON TRUSTEE 1.00 X 0 0 0 PHILIP JAURIGUE TRUSTEE 1.00 X 0 0 0 PIERCE J KEATING TRUSTEE 1.00 X 0 0 0 RICHARD F KLINEBURGER III ESQ TRUSTEE 1.00 X 0 0 0 JEFF MULLEN TRUSTEE 1.00 X 0 0 0 THOMAS P PHIAMBOLIS MD TRUSTEE 1.00 X 0 0 0 MICHELE A SZKOLNICKI RN FACHE TRUSTEE 1.00 X 0 0 0 TERESA V COFFEY TRUSTEE (UNTIL 2021) 1.00 X 0 0 0 SR MARY FARRELL OSF TRUSTEE (UNTIL 2021) 1.00 X 0 0 0 SR CHRISTA MARIE THOMPSON OSF PHD TRUSTEE (UNTIL 2021) 1.00 X 0 0 0 CARRIE SNYDER VP ADVANCEMENT 40.00 X 166267 0 8293 FRANCESCA REED VP ENROLLMENT MGT. 40.00 X 157754 0 9312 DAVID BROWNLEE VP HUMAN RESOURCES & RM 40.00 X 157490 0 18858 LAWRENCE DIPAOLO VP ACADEMIC AFFAIRS 40.00 X 157219 0 9484 EUGENE MCWILLIAMS VP FINANCE & ADMIN 40.00 X 147979 0 22812 CHRISTOPHER HAUG VP STUDENT AFFAIRS 40.00 X 138525 0 29664 ROBERT SCOTT CHIEF INFORMATION OFFICER 40.00 X 117300 0 7663 ERIC WELLINGTON DEAN BUSINESS & INFO. MGT. 40.00 X 148865 0 30490 JILL DONNELLY PROGRAM DIRECTOR 40.00 X 124335 0 15228 KATHLEEN HOOVER DEAN NURSING & HEALTH SCIENCE 40.00 X 126540 0 21235 THERESA PIETSCH ASSOC. DEAN N&HS 40.00 X 127238 0 27181 ARDE SHAHMAEI FACULTY 40.00 X 122906 0 28883 2066832 0 282896 21 0 1 0 SODEXO OPERATIONS LLC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICES 1653200 SUNSTATES SECURITY LLC 801 CORPORATE CENTER DRIVE RALEIGH NC 27607 CAMPUS SECURITY SERVICES 1336042 CLASSIC KITCHENS 622 E GAY STREET WEST CHESTER PA 19380 RENOVATIONS 1211800 ARAMARK PO BOX 33170 NEWARK NJ 07188 FACILITY SERVICES & CONSTRUCTION MANAGEM 1168937 KOVATCH LANDSCAPING PO BOX 2147 ASTON PA 19014 LANDSCAPING SERVICES 292456 12 116131 10391368 1769345 502 12276844 TUITION AND FEES 611310 55713680 55713680 ROOM AND BOARD 611310 6395532 6395532 62109212 908219 908219 18414600 8210 16932923 0 1481677 8210 1489887 1489887 36080 116131 27380 8700 8700 8005 1715 6290 6290 850104 276923 573181 573181 CHILD DEVELOPMENT CENTER 611310 204405 204405 MEAL REVENUE 722210 74413 74413 REBATES 900099 21022 21022 32002 806 100 31096 331842 77704175 62110018 100 3317213 X 22963707 22963707 1656853 366064 1290789 18165729 16172101 1385886 607742 858617 732460 96863 29294 3559138 2307583 1180312 71243 1419852 1201796 174062 43994 69492 69492 84165 84165 54350 54350 8856286 6654017 1800501 401768 493103 474778 18325 1696608 1306746 283680 106182 554822 72833 481989 2182913 1843513 339400 85275 59454 25611 210 28190 22774 4405 1011 1672131 1654691 17440 4018415 3425623 501498 91294 689771 689771 COVID-19 EXPENSES 1051182 1043870 7312 LIBRARY EXPENSES 415375 415375 FACILITIES & MAINTENANC 354522 241652 112870 OTHER EDUCATION EXPENSE 302354 140842 161512 925476 655058 227725 42693 72158326 61513285 9082390 1562651 21031 5652 8140922 7891665 913262 335348 1666895 789504 219018 217393 507109 610662 385908 714870 159378462 69924848 90280988 89453614 37361560 44861653 1175203 1175203 696249 944262 0 7904177 141368145 154904003 2671487 3420158 293534 29126 31669004 43459429 8515745 5468519 3025909 48618289 49934622 X 77577948 86786530 15171908 18182851 92749856 104969381 141368145 154904003 X 5545849 6637924 35752 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34356239 235181 9022513 546500 973602 42093831 33851929 997261 1867998 216540 2144409 34356239 32252277 410144 2279299 214938 874853 33851929 30752163 490964 2047982 199889 838943 32252277 28018805 727163 2987190 183265 797730 30752163 0.59000 0.41000 0.00000 0 0 2449356 2449356 117004903 36463960 80540943 22733357 18837516 3895841 17190846 14623372 2567474 89453614 DEPOSITS 5000753 RIGHT OF USE ASSETS 2903424 7904177 STUDENT DEPOSITS AND ADVANCE PAYMENTS 289528 LEASE LIABILITY 2736381 3025909 X 63299281 6637924 -21348836 -14710912 78010193 -306018 -306018 77704175 51079756 306018 306018 50773738 21384588 21384588 72158326 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE FOR SCHOLARSHIPS, OPERATING COSTS, AND FUTURE CAPITAL PROJECTS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FASB GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST REVENUES ON THE FINANCIALS -21,384,588. GAIN/(LOSS) ON BOND REFINANCING 35,752. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES -276,923. FUNDRAISING EXPENSES -27,380. GAMING EXPENSES -1,715. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES 276,923. FUNDRAISING EXPENSES 27,380. GAMING EXPENSES 1,715. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST REVENUES ON THE FINANCIALS 21,384,588. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NON-DISCRIMINATORY POLICY APPEARS IN ALL ADVERTISEMENTS AND THE STUDENT AFFAIRS HANDBOOK. SCHEDULE E, PART I, LINE 6 NEUMANN UNIVERSITY RECEIVES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) INSTITUTIONAL ASSISTANCE FUNDS AS WELL AS FUNDS FROM THE DEPARTMENT OF EDUCATION AND THE STATE OF DELAWARE FOR FINANCIAL AID TO STUDENTS. X X X X X X X 1 MARTS & LUNDY 160 CHUBB AVENUE LYNDHURST NJ 07071 CAPITAL CAMPAIGN ADVISOR 0 0 54350 -54350 54350 -54350 GOLF OUTING 152211 116131 36080 1600 8547 17233 152211 116131 36080 1600 8547 17233 27380 8700 1 STUDENT AID 1499 21666489 0 N/A N/A CARES ACT STUDENT RELIEF 1609 1297218 0 N/A N/A PART I, LINE 2: NEUMANN UNIVERSITY'S PROCESS FOR MONITORING FINANCIAL AID AND MONITORING GRANT FUNDS IS A COMBINATION OF PROCEDURES INVOLVING THE FOLLOWING OFFICES; FINANCIAL AID, INSTITUTIONAL ADVANCEMENT, REGISTRAR, AND THE BUSINESS OFFICE. INSTITUTIONAL ADVANCEMENT AND THE FINANCIAL AID OFFICE AWARD SCHOLARSHIPS AND GRANTS ACCORDING TO THE SPECIFICATIONS/REQUIREMENTS OF THE SPECIFIC AWARD. THE FINANCIAL AID OFFICE, REGISTRAR, AND BUSINESS OFFICE COORDINATE THE AWARDING AND DOCUMENTATION OF FINANCIAL AID TO INCLUDE ELIGIBILITY OF FINANCIAL AID, NOTIFICATION OF STUDENTS, CHANGE OF STATUS, AND RECONCILEMENT OF STUDENT ACCOUNTS. X X 1 1 X X 0 1 0 0 0 0 0 0 0 CHRISTOPHER E DOMES EDD PRESIDENT 352814 0 0 0 21600 0 36285 0 17508 0 428207 0 0 0 ERIC WELLINGTON DEAN BUSINESS & INFO. MGT. 148865 0 0 0 0 0 9364 0 21126 0 179355 0 0 0 DAVID BROWNLEE VP HUMAN RESOURCES & RM 157490 0 0 0 0 0 9570 0 9288 0 176348 0 0 0 CARRIE SNYDER VP ADVANCEMENT 166267 0 0 0 0 0 7396 0 897 0 174560 0 0 0 EUGENE MCWILLIAMS VP FINANCE & ADMIN 147979 0 0 0 0 0 9051 0 13761 0 170791 0 0 0 CHRISTOPHER HAUG VP STUDENT AFFAIRS 138525 0 0 0 0 0 8578 0 21086 0 168189 0 0 0 FRANCESCA REED VP ENROLLMENT MGT. 157754 0 0 0 0 0 8400 0 912 0 167066 0 0 0 LAWRENCE DIPAOLO VP ACADEMIC AFFAIRS 157219 0 0 0 0 0 9484 0 0 0 166703 0 0 0 THERESA PIETSCH ASSOC. DEAN N&HS 127238 0 0 0 0 0 6308 0 20873 0 154419 0 0 0 ARDE SHAHMAEI FACULTY 122906 0 0 0 0 0 7879 0 21004 0 151789 0 0 0 PART I, LINE 1A NEUMANN UNIVERSITY PROVIDES FOR TRAVEL FOR THE PRESIDENT'S WIFE FOR BUSINESS TRIPS WHERE THE PARTICIPATION OF THE SPOUSE IS EXPECTED. PER THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT RECEIVES A HOUSING ALLOWANCE OF $1,800 PER MONTH. PART I, LINE 4B DR. CHRIS E. DOMES, PRESIDENT, HAD A CONTRIBUTION INTO HIS 457(F) PLAN IN THE AMOUNT OF $18,360. A DELAWARE COUNTY AUTHORITY 231973437 246008NU6 2016-01-28 18625494 SEE PART IV 0 0 0 B DELAWARE COUNTY AUTHORITY 231973437 246008PQ3 2020-11-12 28965035 SEE PART IV 0 0 0 A 4535494 18625494 16248491 343600 558449 2036402 2016 0 1 1 1 B 28998171 2691636 213612 26092923 2020 1 0 1 1 A 0 0 1 1 0 0.01000 0.00000 0.01000 0 0 0 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 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, BOND ISSUES: BOND 2: (A) ISSUER NAME: DELAWARE COUNTY AUTHORITY (F) DESCRIPTION OF PURPOSE: CONSTRUCTION FINANCING & ADVANCED REFUNDING OF 2008 BONDS BOND3: (A) ISSUER NAME: DELAWARE COUNTY AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUND 2010 BOND ISSUE SCHEDULE K, PART II, TOTAL PROCEEDS: TOTAL PROCEEDS IN PART II LINE 3 FOR THE 2020 BONDS IS HIGHER THAN ISSUE PRICE REPORTED IN PART I DUE TO INVESTMENT EARNINGS ON RESERVE FUNDS. SCHEDULE K, PART III, LINE 9: THE ORGANIZATION DOES NOT HAVE ANY NONQUALIFIED BONDS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE UNIVERSITY CONSIST OF THE CONGREGATIONAL MINISTER AND THE COUNCIL OF THE RELIGIOUS CONGREGATION OF THE SISTERS OF SAINT FRANCIS OF PHILADELPHIA. FORM 990, PART VI, SECTION A, LINE 7A THE SISTERS OF SAINT FRANCIS RESERVE THE POWER TO CHOOSE THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7B THE SISTERS OF SAINT FRANCIS HAVE CERTAIN RESERVE POWER REGARDING DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SHARED WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, A FINAL COPY IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE THE FORM 990 IS FILED. THE ANNUAL FEDERAL NON-PROFIT TAX RETURN FORM, IRS FORM 990, APPLICABLE TO NEUMANN UNIVERSITY, IS COMPLETED AND SUBMITTED TO THE IRS BY THE NEUMANN UNIVERSITY ADMINISTRATION THROUGH THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE UNIVERSITY PRESIDENT AND GENERAL COUNSEL REVIEW THE SIGNED STATEMENTS AND HANDLE ANY CONFLICTS OF INTEREST. INDIVIDUALS WITH A CONFLICT OF INTEREST MUST ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT HAS A CONTRACT WITH A TERM OF THREE YEARS. THE PRESIDENT'S COMPENSATION IS REVIEWED BY A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PROCESS (EVERY THREE YEARS) INCLUDES A REVIEW OF PEER COMPENSATION (COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) - HUMAN RESOURCES SURVEY), THE UNIVERSITY'S MISSION AND VISION, ECONOMIC CLIMATE FOR THE REGION, AND THE ACHIEVEMENT OF GOALS AS CONTAINED IN THE STRATEGIC PLAN. WHEN THIS PROCESS IS COMPLETED, THE PRESIDENT'S COMPENSATION IS DECIDED AND INCLUDED IN THE ANNUAL BUDGET, WHICH IS APPROVED BY THE BOARD OF TRUSTEES. INCREASES IN COMPENSATION ARE CONSISTENT FOR ALL KEY EMPLOYEES AND OFFICERS OF NEUMANN UNIVERSITY AND INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE PERCENTAGE INCREASE FOR UNIVERSITY EMPLOYEES IS A COMBINATION OF ECONOMIC CONDITIONS FOR THE REGION AND THE CUPA SURVEY. THIS REVIEW IS DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 ACCESS TO THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL NOT BE UNREASONABLY WITHHELD. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 4,075,182. MANAGEMENT AND GENERAL EXPENSES 473,178. FUNDRAISING EXPENSES 401,768. TOTAL EXPENSES 4,950,128. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 180,711. MANAGEMENT AND GENERAL EXPENSES 89,736. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 270,447. HOUSEKEEPING CONTRACTS: PROGRAM SERVICE EXPENSES 806,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 806,113. A/R COLLECTION EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,237,587. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,237,587. FOOD SERVICES: PROGRAM SERVICE EXPENSES 1,592,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,592,011. FORM 990, PART XI, LINE 9: GAIN/(LOSS) ON BOND REFINANCING 35,752. SISTERS OF ST FRANCIS OF PHILADELPHIA 609 S CONVENT ROAD ASTON PA 19014 CONGREGATION OF CATHOLIC WOMEN RELIGIOUS PA 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0