2022-05-12T11:57:26-05:00 2021-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-07-01 231653718 DESALES UNIVERSITY DESA 6102821100 2755 STATION AVENUE CENTER VALLEY PA 18034 ROBERT J SNYDER VP FINANCE & ADMINISTRATION 6102821100 2022-05-11 1 ROBERT SNYDER XXX-XX-XXXX KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT J SNYDER 2755 STATION AVENUE CENTER VALLEY PA 18034 178342168 0 X WWW.DESALES.EDU X 1965 PA THE MISSION OF DESALES UNIVERSITY IS TO PROVIDE MEN AND WOMEN WITH QUALITY HIGHER EDUCATION ACCORDING TO THE PHILOSOPHY OF CHRISTIAN HUMANISM AS DEVELOPED BY SAINT FRANCIS DE SALES AND HIS SPIRITUAL HEIRS. THE UNIVERSITY IMPARTS KNOWLEDGE ABOUT AND DEVELOPS TALENTS FOR PERSONAL, FAMILIAL, AND SOCIETAL LIVING. DESALES UNIVERSITY ENRICHES THE HUMAN COMMUNITY AND ENCHANCES THE DIGNITY OF THE INDIVIDUAL THROUGH ITS EDUCATIONAL ENDEAVORS. IN ITS WORK, THE UNIVERSITY FOSTERS A VITAL AND RESPECTFUL DIALOGUE BETWEEN ROMAN CATHOLIC FAITH AND HUMAN CULTURE. 26 25 1819 70 32006 0 10925942 12511515 104382137 105289335 3724868 9678186 770015 174639 119802962 127653675 39141219 43090422 0 0 41588862 41705941 0 0 1659582 34670874 34313052 115400955 119109415 4402007 8544260 251211815 267808643 79514438 71672823 171697377 196135820 X DESALES UNIVERSITY IS A MEDIUM-SIZED, PRIVATE, FOUR-YEAR CATHOLIC UNIVERSITY WITH A SALESIAN MISSION ADMINISTERED BY THE OBLATES OF ST. FRANCIS DE SALES. STUDENTS AT DESALES UNIVERSITY ARE EXPOSED TO CATHOLIC TEACHINGS BUT ARE ALSO AFFORDED THE LUXURY OF EXPLORING IN AN ATMOSPHERE OF INTELLECTUAL FREEDOM. IT IS THE MISSION OF DESALES UNIVERSITY TO PROVIDE MEN AND WOMEN WITH QUALITY HIGHER EDUCATION ACCORDING TO THE PHILOSOPHY OF CHRISTIAN HUMANISM AS DEVELOPED BY SAINT FRANCIS DE SALES AND HIS SPIRITUAL HEIRS. THE UNIVERSITY IMPARTS KNOWLEDGE AND DEVELOPS TALENTS FOR PERSONAL, FAMILIAL, AND SOCIETAL LIVING. DESALES UNIVERSITY ENRICHES THE HUMAN COMMUNITY AND ENHANCES THE DIGNITY OF THE INDIVIDUAL THROUGH ITS EDUCATIONAL ENDEAVORS. IN ITS WORK, THE UNIVERSITY FOSTERS A VITAL AND RESPECTFUL DIALOGUE BETWEEN ROMAN CATHOLIC FAITH AND HUMAN CULTURE. 0 0 113478713 43090422 105289335 DESALES UNIVERSITY IS A MEDIUM-SIZED, PRIVATE, FOUR-YEAR CATHOLIC UNIVERSITY WITH A SALESIAN MISSION ADMINISTERED BY THE OBLATES OF ST. FRANCIS DE SALES. STUDENTS AT DESALES ARE EXPOSED TO CATHOLIC TEACHINGS BUT ARE ALSO AFFORDED THE LUXURY OF EXPLORING IN AN ATMOSPHERE OF INTELLECTUAL FREEDOM. IT IS THE MISSION OF DESALES UNIVERSITY TO INSPIRE TRANSFORMATIVE LEARNING THROUGH THE LIBERAL ARTS AND PROFESSIONAL STUDIES BY ENERGIZING STUDENTS TO BE WHO THEY ARE AND BE THAT WELL. THE PHILOSOPHY OF DESALES UNIVERSITY IS FIRMLY AND PUBLICLY COMMITTED TO THE PRINCIPLES OF ROMAN CATHOLIC DOCTRINE AND MORALITY. IT ALSO FULLY RECOGNIZES THAT THE SEARCH FOR TRUTH REQUIRES AN ATMOSPHERE OF INTELLECTUAL FREEDOM, AND THAT LOVE DEMANDS AN OPENNESS TO ALL THAT IS GOOD. DESALES CAREFULLY DISTINGUISHES BETWEEN THE FREE PURSUIT OF TRUTH - WHICH IT GUARANTEES EVERY MEMBER OF THE CAMPUS COMMUNITY - AND ITS OWN COMMITMENT TO THE TEACHINGS OF THE CATHOLIC CHURCH. FOR DESALES UNIVERSITY, CHRISTIAN HUMANISM MEANS THAT EVERY ASPECT OF HUMAN EXPERIENCE IS CAPABLE OF ENLIGHTENMENT BY THE GOSPEL OF JESUS CHRIST. THIS GOSPEL BRINGS LIGHT TO EACH DIMENSION OF PERSONAL EXISTENCE (PHYSICAL, INTELLECTUAL, SOCIAL, MORAL, AESTHETIC, AND RELIGIOUS) AND EVERY ENVIRONMENTAL DOMAIN (NATURAL WORLD, SOCIAL INSTITUTIONS, CULTURAL ACHIEVEMENTS, HISTORICAL PERIODS, AND RELIGIOUS SOCIETIES). THE ENCOUNTER BETWEEN THE WORD OF GOD AND THE CONCRETE WORLD OF THE HUMAN PERSON MAKES A FULLY MEANINGFUL EXISTENCE POSSIBLE. DESALES UNIVERSITY STRIVES TO TEACH THE STUDENT WHAT IT MEANS TO BE CHRISTIAN IN A SALESIAN WAY, WHAT IT MEANS TO EMBRACE ONE'S OWN LIFE, AND WHAT IT MEANS TO BRING THIS GOOD NEWS TO THE HUMAN FAMILY.THE DESALES MAIN CAMPUS IS LOCATED IN CENTER VALLEY, PA ON 550 ACRES APPROXIMATELY 50 MILES NORTH OF PHILADELPHIA, PA AND 90 MILES SOUTHWEST OF NEW YORK CITY. THE UNIVERSITY OFFERS TRADITIONAL, ONLINE, AND HYBRID COURSES AND PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS. DESALES UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). SEVERAL PROGRAM-SPECIFIC ACCREDITATIONS ARE ALSO HELD BY THE UNIVERSITY INCLUDING THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (ARC-PA), COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE), THE COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION (CAPTE), THE ASSOCIATION OF COLLEGIATE BUSINESS SCHOOLS AND PROGRAMS (ACBSP), AND CERTIFIED FINANCIAL PLANNER BOARD REGISTERED PROGRAMS. DESALES HAS ALSO BEEN APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION (PDE) TO PARTICIPATE IN THE NATIONAL COUNCIL FOR STATE AUTHORIZATION RECIPROCITY AGREEMENTS (NC-SARA) FOR POSTSECONDARY DISTANCE EDUCATION.THE UNIVERSITY OFFERS OVER 40 BACHELOR'S DEGREES, 8 MASTER'S DEGREES, AND 2 DOCTORAL DEGREES IN A WIDE RANGE OF DISCIPLINES. OVER 30 UNDERGRADUATE AND GRADUATE CERTIFICATE PROGRAMS ARE ALSO OFFERED. OVER 40 DEGREE AND CERTIFICATE PROGRAMS ARE OFFERED VIA DISTANCE EDUCATION WITH 22% OF STUDENTS ENROLLED EXCLUSIVELY IN DISTANCE EDUCATION AND ANOTHER 23% ENROLLED IN AT LEAST ONE DISTANCE COURSE.AS OF OFFICIAL CENSUS IN FALL 2021, DESALES UNIVERSITY ENROLLED A TOTAL OF 3,101, WITH 2,309 UNDERGRADUATE STUDENTS AND 792 GRADUATE STUDENTS. THE STUDENT-FACULTY RATIO AT DESALES UNIVERSITY IS 12:1, AND THE SCHOOL HAS 61% OF ITS CLASSES WITH FEWER THAN 20 STUDENTS. THE FRESHMAN RETENTION RATE, AN INDICATOR OF STUDENT SATISFACTION, IS 82%. WITHIN SIX YEARS, 70% OF FULL-TIME, FIRST-YEAR STUDENTS GRADUATE WITH A BACHELOR'S DEGREE. THE MOST POPULAR UNDERGRADUATE MAJORS AT DESALES UNIVERSITY INCLUDE NURSING, BIOLOGY, MEDICAL STUDIES, BUSINESS ADMINISTRATION, THEATRE, AND PSYCHOLOGY. MORE THAN 95% OF UNDERGRADUATE, FULL-TIME TRADITIONAL STUDENTS RECEIVE SOME FORM OF FINANCIAL AID. 113478713 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 4668 0 1819 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT J SNYDER VP FINANCE ADMI 6102821100 2755 STATION AVENUE CENTER VALLEY PA 18034 FR JAMES J GREENFIELD PRESIDENT 50.00 X X 1013 0 71008 W DOUGLAS BROWN TRUSTEE CHAIR 2.00 X X 0 0 0 FRANCIS J FORD JR TRUSTEE 1.00 X 0 0 0 FR RONALD W OLSZEWSKI TRUSTEE 1.00 X 0 0 0 JOHN D STANLEY TRUSTEE 1.00 X 0 0 0 FRANK DALICANDRO TRUSTEE 1.00 X 0 0 0 FRANK D BOYER TRUSTEE 1.00 X 0 0 0 ANNE PRISCO TRUSTEE 1.00 X 0 0 0 REV FRANCIS DANELLA TRUSTEE 1.00 X 0 0 0 REV BARRY STRONG TRUSTEE 1.00 X 0 0 0 JOSEPH C TRINKLE JR TRUSTEE 1.00 X 0 0 0 VINCENT J MOFFIT TRUSTEE 1.00 X 0 0 0 JOSEPH FITZPATRICK TRUSTEE 1.00 X 0 0 0 THOMAS V WHALEN TRUSTEE 1.00 X 0 0 0 REV MATTHEW HILLYARD TRUSTEE 1.00 X 0 0 0 REV LEWIS FIORELLI TRUSTEE 1.00 X 0 0 0 REV DAVID JAMES TRUSTEE 1.00 X 0 0 0 PETER A GRAY TRUSTEE 1.00 X 0 0 0 MATTHEW W MARTINEZ TRUSTEE 1.00 X 0 0 0 MARIA MONTERO TRUSTEE 1.00 X 0 0 0 KEENAN LYNCH TRUSTEE 1.00 X 0 0 0 KATHLEEN REILLY TRUSTEE 1.00 X 0 0 0 KATHLEEN KUND NOLAN TRUSTEE 1.00 1.00 X 0 0 0 GENE J MARINO TRUSTEE 1.00 X 0 0 0 DENISE M VON FUNK TRUSTEE 1.00 X 0 0 0 GARY J IACOCCA TRUSTEE 1.00 X 0 0 0 ROBERT SNYDER VP FINANCE & ADMINISTRATION 53.00 2.00 X 230142 0 32468 DR GERARD JOYCE EXECUTIVE VICE PRESIDENT 50.00 X 202733 0 36116 DR DAVID GILFOIL VP, STRAT. PLANNING/BUSINESS INIT. 45.00 X 198241 0 29156 LINDA ZERBE VP FOR STUDENT LIFE 45.00 X 161186 0 21383 MARC ALBANESE VP FOR CAMPUS ENVIRONMENT 50.00 X 153126 0 27095 MICHAEL SWEETANA DIRECTOR OF FINANCE & TREASURER 55.00 X 163749 0 19852 PETER RAUTZHAN ASSOC VP ADMIN/SECRETARY 45.00 X 138368 0 31585 BRO DANIEL WISNIEWSKI PROVOST 55.00 X 498 0 39500 FR KEVIN M NADOLSKI VP FOR MISSION 45.00 X 353 0 30650 CHERYL MURPHY VP FOR INSTITUTIONAL ADVANCEMENT 45.00 X 115580 0 12771 SCOTT BLAIR VP FOR DIVERSITY, EQUITY & INCLUSION 45.00 X 37266 0 8972 DR ROBERT BLUMENSTEIN DEAN OF UNDERGRADUATE STUDIES 45.00 X 174303 0 19878 DR CHRISTOPHER COCOZZA CHAIR FOR DIVISION OF BUSINESS 45.00 X 178623 0 25165 DR MARY ELIZABETH TADDUNI CHAIR FOR DIVISION OF NURSING 45.00 X 174324 0 20454 DR CAROL MEST CHAIR OF GRADUATE NURSING 45.00 X 155775 0 18565 DR WAYNE STUART CHAIR FOR DIV. OF HEALTHCARE PROF. 45.00 X 154336 0 27330 2239616 0 471948 47 0 1 0 COMPUTER AID INC PO BOX 785526 PHILADELPHIA PA 19178 IT SERVICES 1299940 OBLATES OF ST FRANCIS DESALES 200 KENTMERE PARKWAY WILMINGTON DE 19806 MANAGEMENT & INSTR. 938823 GODSHALL'S LANDSCAPE & HYDROSEED 1470 MACK BLVD ALLENTOWN PA 18103 LAWN, LANDSCAPING, SNOW SERVICES 687634 VALLEY BUILDERS PO BOX 159 EMMAUS PA 18049 CONSTRUCTION 684821 MORGAN STANLEY 515 WEST HAMILTON ST 7TH FL ALLENTOWN PA 18101 INVESTMENT SERVICES 425834 19 55461 364077 9646471 2445506 246158 12511515 HIGHER EDUCATION PROGRAM SERVICES 611310 105289335 105289335 105289335 1236385 1236385 254945 198073 56872 56872 56872 58849394 1800 50397284 12109 8452110 -10309 8441801 8441801 54240 364077 81027 -26787 -26787 BOOKSTORE COMMISSIONS 721000 110420 110420 AUXILIARY SERVICES AND OTHER 721000 32006 32006 VENDING REVENUE 721000 2128 2128 144554 127653675 105289335 32006 9820819 43090422 43090422 1541536 439480 944183 157873 30402087 28680161 840317 881609 1265545 1156859 68680 40006 6161226 5632093 334364 194769 2335547 2134968 126748 73831 88984 88984 107742 107742 47160 47160 463563 463563 3277487 2644159 633328 1199942 1198387 1555 2736738 2467856 74649 194233 3201939 3042846 89557 69536 3058609 3058609 259635 254702 2132 2801 287452 247969 23311 16172 1420297 1420297 8287373 8287373 700058 700058 FOOD SERVICE 4282848 4282848 COVID EXPENSES 1511383 1511282 101 INSTRUCTIONAL EXPENSES 1052284 1052284 EQUIPMENT & MAINTENANCE 930232 922462 7770 1399326 1253598 116976 28752 119109415 113478713 3971120 1659582 7740 7740 15798425 12816882 2062604 1111184 3210183 1677396 2700976 2405897 658759 737844 251174117 119606605 134896690 131567512 78312099 102426143 11808465 13035955 1755874 2022090 251211815 267808643 5516258 6223380 7240059 5270736 56610348 52716133 5143151 5563692 3581899 759644 1422723 1139238 79514438 71672823 X 134118684 148228140 37578693 47907680 171697377 196135820 251211815 267808643 X 8544260 15888757 5426 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47160 47160 119062255 119109415 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 12500 30090 53740 47160 143490 250000 250000 250000 250000 1000000 1500000 0 1726474 0 0 X X 0 0 1 X 80528940 2169241 18026068 1793614 463563 98467072 77786159 2962432 2284152 1272892 820728 410183 80528940 74295142 2204087 3862919 2115978 41450 418561 77786159 68071437 1898825 6421279 2054107 32961 429544 73874929 58497153 3243836 8759365 1951770 29794 447353 68071437 0.50000 0.32000 0.18000 0 0 3179698 3573861 6753559 162448210 60623480 101824730 47068111 38156600 8911511 34904237 20826525 14077712 131567512 REFUNDABLE GOV'T LOAN FUNDS 1099401 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 39837 1139238 X 102185545 15888757 -41554960 -25666203 127851748 -198073 -198073 127653675 77281110 198073 198073 77083037 42026378 42026378 119109415 PART III, LINE 4: PAINTINGS AND SCULPTURES ARE MAINTAINED AND USED BY THE THEATRE AND ARTS PROGRAMS FOR CLASS INSTRUCTIONAL PURPOSES. PART IV, LINE 2B: FUNDS FROM THE UNIVERSITY'S SUBSIDIARY ARE HELD AND INVESTED WITH THE UNIVERSITY'S ENDOWMENT FUNDS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS STUDENT SCHOLARSHIPS AND OPERATING PROGRAM SUPPORT. 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. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 5,426. SUBSIDIARY OPERATIONS 465,992. INVESTMENT FEES -463,563. SCHOLARSHIP ALLOWANCES -41,562,815. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -198,073. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 198,073. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 41,562,815. INVESTMENT FEES 463,563. SCHEDULE D, PART XI, LINE 4B: INCLUDES ADJUSTMENTS FOR PELL AND PHEAA GRANTS WHICH ARE EXCLUDED FROM REVENUE UNDER FINANCIAL ACCOUNTING STANDARDS AND THE ADDITION OF SCHOLARSHIP ALLOWANCES WHICH ARE REPORTED AS NET REVENUE FOR THE AUDITED FINANCIAL STATEMENTS. SCHEDULE D, PART XII, LINE 4B: INCLUDES ADJUSTMENTS FOR PELL AND PHEAA GRANTS WHICH ARE EXCLUDED FROM REVENUE UNDER FINANCIAL ACCOUNTING STANDARDS AND ADDED BACK SCHOLARSHIP ALLOWANCES WHICH ARE REPORTED AS NET REVENUE FOR THE AUDITED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED THE FOLLOWING FEDERAL AND STATE FINANCIAL AID ASSISTANCE FOR STUDENTS: FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PERKINS LOANS, FEDERAL DIRECT STUDENT LOANS, PHEAA STATE GRANTS, PENNSYLVANIA INSTITUTIONAL ASSISTANCE GRANT, U.S DEPARTMENT OF HEALTH & HUMAN SERVICES NURSING STUDENT LOANS, AND NURSE FACULTY LOAN PROGRAMS. THE UNIVERSITY HAS NEITHER HAD FEDERAL NOR STATE FUNDS REVOKED OR SUSPENDED. AS A RESPONSE TO COVID 19, THE CORONAVIRUS AID RELIEF AND ECONOMICS SECURITY (CARES) ACT WAS ENACTED AND PROVIDED BUDGETARY RELIEF TO HIGHER EDUCATION INSTITUTIONS. THE UNIVERSITY RECEIVED HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) FUNDING FOR STUDENTS AND THE UNIVERSITY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 4752658 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 8042 0 0 0 0 0 0 4760700 0 4760700 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3 THE UNIVERSITY HAS INTERESTS IN HEDGE FUNDS AND A PRIVATE EQUITY FUND IN THE CARIBBEAN. THE MARKET VALUES OF THE INVESTMENTS IN THESE FUNDS ARE BEING REPORTED. THE UNIVERSITY HAS A STUDY ABROAD PROGRAM IN ITALY FOR STUDENTS OF THE UNIVERSITY. SCHEDULE F, PART IV, LINES 1, 3, 4 AND 5: THE ORGANIZATION HAS MADE TRANSFERS TO FOREIGN CORPORATIONS THAT EXCEEDED THE $100,000 FOR FILING FORMS 926. FORMS 926 HAVE BEEN INCLUDED IN THIS FILING. THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN PARTNERSHIPS WHICH HOLD PFICS WITHIN THEIR PORTFOLIOS, BUT THE ORGANIZATION DOES NOT HAVE A FILING REQUIREMENT WITH RESPECT TO THESE PFICS. THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, NO OWNERSHIP INTERESTS EXCEEDED THE THRESHOLD FOR REQUIRING THE FILING OF FORMS 5471 OR 8865. DINNER DANCE 100937 95237 5700 3609 3367 UNIVERSITY OPEN 317380 268840 48540 6000 22072 33060 12919 418317 364077 54240 6000 25681 33060 16286 81027 -26787 1 UNIVERSITY SCHOLARSHIPS 1916 37008835 FEDERAL AND STATE ASSISTANCE 843 4553980 CARES GRANT ASSISTANCE 842 1527607 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED ON THE BASIS OF ACADEMIC ACHIEVEMENT AND DONOR RESIDENCE WHILE GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND STANDARDS AS DESIGNATED BY THE U.S. DEPARTMENT OF EDUCATION. CONTRIBUTIONS TO OTHER ORGANIZATIONS ARE ONLY PROVIDED TO KNOWN NON-PROFITS. THE ORGANIZATION SUPPPORTS ITS RELATED ORGANIZATIONS AND LOCAL CHARITIES AND DOES NOT MONITOR THE FUNDS AFTER THEY ARE DISBURSED. NO GRANTS WERE GIVEN TO OTHER ORGANIZATIONS DURING THE FISCAL YEAR. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT SNYDER VP FINANCE & ADMINISTRATION 229110 0 0 0 1032 0 13294 0 19174 0 262610 0 0 0 DR GERARD JOYCE EXECUTIVE VICE PRESIDENT 202181 0 0 0 552 0 11833 0 24283 0 238849 0 0 0 DR DAVID GILFOIL VP, STRAT. PLANNING/BUSINESS INIT. 195193 0 0 0 3048 0 10260 0 18896 0 227397 0 0 0 DR CHRISTOPHER COCOZZA CHAIR FOR DIVISION OF BUSINESS 178107 0 0 0 516 0 8920 0 16245 0 203788 0 0 0 DR MARY ELIZABETH TADDUNI CHAIR FOR DIVISION OF NURSING 172740 0 0 0 1584 0 9886 0 10568 0 194778 0 0 0 DR ROBERT BLUMENSTEIN DEAN OF UNDERGRADUATE STUDIES 171301 0 0 0 3002 0 9312 0 10566 0 194181 0 0 0 MICHAEL SWEETANA DIRECTOR OF FINANCE & TREASURER 163203 0 0 0 546 0 9350 0 10502 0 183601 0 0 0 LINDA ZERBE VP FOR STUDENT LIFE 159644 0 0 0 1542 0 9264 0 12119 0 182569 0 0 0 DR WAYNE STUART CHAIR FOR DIV. OF HEALTHCARE PROF. 152871 0 0 0 1465 0 8846 0 18484 0 181666 0 0 0 MARC ALBANESE VP FOR CAMPUS ENVIRONMENT 151724 0 0 0 1402 0 8590 0 18505 0 180221 0 0 0 DR CAROL MEST CHAIR OF GRADUATE NURSING 154460 0 0 0 1315 0 8153 0 10412 0 174340 0 0 0 PETER RAUTZHAN ASSOC VP ADMIN/SECRETARY 138082 0 0 0 286 0 7890 0 23695 0 169953 0 0 0 PART I, LINE 1A A SOCIAL CLUB MEMBERSHIP IS PAID BY THE UNIVERSITY FOR THE PRESIDENT TO CONDUCT UNIVERSITY BUSINESS. THE UNIVERSITY ALSO PAYS THE LEASE FOR THE UNIVERSITY PRESIDENT'S VEHICLE FOR PERSONAL USE. THE VICE-PRESIDENT OF INSTITUTIONAL ADVANCEMENT'S SOCIAL CLUB MEMBERSHIP IS PARTIALLY PAID BY THE UNIVERSITY IN ORDER TO CONDUCT UNIVERSITY BUSINESS AND IS TAXABLE INCOME TO THE EMPLOYEE. A THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2017-11-16 10000000 CONSTRUCTION OF RESIDENCE, PROPERTY PURCHASE & CAMPUS IMPROVEMENTS 0 0 0 B THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2015-11-19 10000000 CONSTRUCTION OF ATHLETIC FIELDS AND ELECTRICAL BUILDING 0 0 0 C THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2013-12-19 10000000 CONSTRUCTION OF RESIDENCE UNITS 0 0 0 D LEHIGH COUNTY GENERAL PURPOSE AUTHORITY 911886539 2010-12-22 20050000 RETIRED BOND AND CONSTRUCT ACADEMIC BUILDING 0 0 0 A 340000 10000000 92681 9907319 2018 0 0 1 1 B 1210000 10000000 95329 9904671 2016 0 0 1 1 C 2320000 10000000 118138 9881862 2014 0 0 1 1 D 9040000 20050000 187258 8513878 11348864 2013 1 1 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 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2007-11-07 10000000 CONSTRUCTION OF RESIDENCE HALL 0 0 0 B UPPER SAUCON TOWNSHIP MUNICIPAL AUTHORITY 236000547 2004-10-29 6300000 CONSTRUCTION OF RESIDENCE HALL 0 0 0 C THE WASHINGTON TOWNSHIP MUNICIPAL AUTHORITY 232729453 2019-11-14 10000000 RENOVATIONS TO SEVERAL ACADEMIC BUILDINGS, STUDENT CENTER & HVAC PURCHASE 0 0 0 A 5760000 10000000 98275 9901725 2009 0 0 1 1 B 4545000 6300000 100000 6200000 2004 0 0 1 1 C 10000000 98671 9901329 2019 0 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 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 A 1 B 1 C 1 REV LEWIS FIORELLI PROVINCIAL OF THE OBLATES OF ST. FRANCIS DE SALES & TRUSTEE FOR DESALES 938823 REV. LEWIS FIORELLI IS THE PROVINCIAL OF THE OBLATES OF ST. FRANCIS DE SALES. THE UNIVERSITY CONTRACTS WITH THE OBLATES TO PROVIDE SEVERAL FACULTY AND ADMINISTATIVE POSITIONS. 0 X 14 235992 NYSE X MEDICAL EQUIPMENT 2 6627 COMPARABLE SALES X FURNITURE 1 2000 COMPARABLE SALES X CIGARS 1 1139 COMPARABLE SALES X CLOTHING AND ACCESSORIES 1 400 COMPARABLE SALES 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 FATHER FIORELLI IS THE PROVENCIAL OF THE OBLATES OF SAINT FRANCIS OF DE SALES (OBLATES). THE UNIVERSITY CONTRACTS WITH THE OBLATES TO PROVIDE SEVERAL FACULTY AND ADMINISTRATORS, INCLUDING PROFESSIONAL SERVICES FOR THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B FINANCE PERSONNEL PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE AUDIT COMMITTEE, A BOARD SUB-COMMITTEE, REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS SUBMISSION. THE FORM 990 IS THEN MADE AVAILABLE TO THE FULL BOARD AFTER APPROVAL BY THE AUDIT COMMITTEE AND PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND EMPLOYEES WITH PURCHASING, FINANCIAL AND BUDGETARY RESPONSIBILITIES RECEIVE THE CONFLICT OF INTEREST POLICY ANNUALLY AND ARE ASKED TO ACKNOWLEDGE RECEIPT AND COMPLIANCE WITH THE POLICY BY SIGNING THE DOCUMENT AND DISCLOSING CONFLICTS. THE POLICY EXPRESSLY MENTIONS FAMILY AND BUSINESS RELATIONSHIPS AS HAVING POTENTIAL AS SOURCES OF CONFLICTS. IF CONFLICTS ARISE AND CANNOT BE QUICKLY RESOLVED, THE UNIVERSITY'S SECRETARY WILL INFORM THE AUDIT COMMITTEE. THE AUDIT COMMITTEE INFORMS THE BOARD OF TRUSTEES WHO WILL DECIDE WHAT ACTION TO TAKE. THE BOARD WILL ANALYZE THE MATERIAL FACTS AND WILL DOCUMENT ALL DECISIONS REGARDING CONFLICTS IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 FOR FISCAL YEAR 2021, THE GOVERNANCE COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE PRESIDENT'S AND VICE PRESIDENTS' SALARIES. IN GENERAL, SALARIES ARE COMPARED TO RELEVANT INDUSTRY BENCHMARKS TO ENSURE COMPENSATION REMAINS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. NOTE THE COMPENSATION AMOUNT FOR THE PRESIDENT OF THE UNIVERSITY IS PAID TO THE OBLATES OF SAINT FRANCIS DE SALES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED ON AN AS-NEEDED BASIS AND THEIR RELEASE IS DEPENDENT UPON THE PARTICULAR REQUEST. THE DISCLOSURE OF THESE DOCUMENTS IS NOT REQUIRED UNDER PENNSYLVANIA NON-PROFIT LAW. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 5,426. PENNSYLVANIA SHAKESPEARE FESTIVAL 2755 STATION AVENUE CENTER VALLEY PA 18034 232655672 PROFESSIONAL THEATRE COMPANY PA 501(C)(3) LINE 10 N/A 0 FORUM FOR ETHICS IN THE WORKPLACE 2755 STATION AVENUE CENTER VALLEY PA 18034 251893421 ETHICS DISCUSSIONS PA 501(C)(3) LINE 12A, I N/A 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1