2022-05-13T07:27:28-05:00 2021-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-07-01 231352613 GWYNEDD MERCY UNIVERSITY GWYN 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 JAMES TRUSDELL VP FOR FINANCE & ADMINISTRATION 2156467300 2022-05-12 1 JAMES TRUSDELL XXX-XX-XXXX KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES TRUSDELL 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 88462000 0 X WWW.GMERCYU.EDU X 1948 PA GWYNEDD MERCY UNIVERSITY IS A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE SISTERS OF MERCY. 23 22 1233 66 0 0 3931000 4028000 74708000 67359000 1364000 3208000 567000 290000 80570000 74885000 22212000 21917000 0 0 29080000 28515000 61000 60000 615000 26059000 26996000 77412000 77488000 3158000 -2603000 122049000 123239000 53462000 51965000 68587000 71274000 X THE ORGANIZATION'S MISSION IS AS FOLLOWS: A CATHOLIC UNIVERSITY, ROOTED IN THE TRADITION OF THE SISTERS OF MERCY, OUR LEARNING COMMUNITY PREPARES STUDENTS FOR SUCCESSFUL CAREERS AND MEANINGFUL LIVES IN A GLOBAL SOCIETY.GWYNEDD MERCY UNIVERSITY IS SHAPED BY OUR CATHOLIC IDENTITY AS WELL AS OUR MERCY HERITAGE AND CHARISM, WITH PROGRAMS DESIGNED TO PREPARE STUDENTS TO LEAD PRODUCTIVE LIVES OF DEEP MEANING AND VALUE. 0 0 36769000 0 65516000 EDUCATION OF STUDENTS - GWYNEDD AWARDS UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND ALLIED HEALTH PROFESSIONS, EDUCATION, BUSINESS, AND ARTS AND SCIENCES, IN TRADITIONAL AND ACCELERATED FORMATS, BOTH ON GROUND AND ONLINE, WE PROVIDE STUDENTS WITH A QUALITY HIGHER EDUCATION PRODUCING DISTINCTIVE MERCY GRADUATES.AT GMERCYU, MAKING SURE STUDENTS ARE DEVELOPING THE KNOWLEDGE, SKILLS AND EXPERIENCE THEY NEED TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS IS AT THE CENTER OF WHAT WE DO. EACH DEGREE PROGRAM INCLUDES A SET OF LEARNING OUTCOMES THAT DEFINES WHAT STUDENTS SHOULD KNOW AND BE ABLE TO DO UPON GRADUATION. AS PART OF OUR COMMITMENT TO PROVIDING STUDENTS WITH A STRONG FOUNDATION IN THE LIBERAL ARTS, WE HAVE ESTABLISHED UNIVERSITY-LEVEL STUDENT OUTCOMES AND LEARNING OUTCOMES FOR OUR GENERAL EDUCATION CORE, FIRST-YEAR EXPERIENCE PROGRAM, AND HONORS PROGRAM. GMERCYU OFFERS SEVERAL COLLEGE STUDY ABROAD PROGRAMS THAT PAVE THE WAY FOR PERSONAL AND PROFESSIONAL GROWTH BEYOND U.S. BORDERS. GWYNEDD ALSO OFFERS AN HONORS PROGRAM THAT IS DEDICATED TO PROVIDING AN ACADEMICALLY RIGOROUS AND CHALLENGING CURRICULUM, STEEPED IN THE LIBERAL ARTS AND SCIENCES, TO ITS BRIGHTEST AND MOST INDUSTRIOUS STUDENTS. THE PROGRAM IS COMMITTED TO PRESERVING AN ACADEMIC CULTURE THAT INSPIRES A GENUINE PASSION FOR LEARNING THROUGH ENHANCED EDUCATIONAL OPPORTUNITIES, THOUGHT-PROVOKING AND STIMULATING COURSES AND DISCUSSIONS THAT WILL SPARK STUDENTS' IMAGINATIONS, BROADEN THEIR SKILLS, AND ENHANCE THEIR RESUMES.GMERCYU TAKES PRIDE IN OFFERING STUDENTS CHALLENGING DEGREE PROGRAMS AND COUNTLESS OPPORTUNITIES FOR PROFESSIONAL EXPERIENCE. WITH A ROBUST SERVICE PROGRAM AND DEEPLY SUPPORTIVE FACULTY AND STAFF, STUDENTS BENEFIT FROM A CLOSE-KNIT COMMUNITY IN WHICH THEY CAN FOCUS ON BUILDING THEIR FUTURE. 21917000 21917000 0 FINANCIAL AID - TO STUDENTS GWYNEDD PROVIDES ACCESS TO HIGHER EDUCATION FOR A DIVERSE GROUP OF STUDENTS, INCLUDING THOSE WITH HIGH FINANCIAL NEED. FOR TRADITIONAL UNDERGRADUATE STUDENTS, APPROXIMATELY 95% OF FULL TIME STUDENTS ATTENDING GWYNEDD MERCY UNIVERSITY RECEIVE INSTITUTIONAL SCHOLARSHIPS AND GRANTS AND 100% OF FIRST-TIME, FULL-TIME STUDENTS RECEIVED SOME FORM OF FINANCIAL AID IN FISCAL 2020-21.GWYNEDD MERCY UNIVERSITY OFFERS SEVERAL SCHOLARSHIPS AND GRANTS TO HELP STUDENTS GET A GREAT EDUCATION AT AN AFFORDABLE COST. KNOWN AS "GIFT ASSISTANCE," THESE SCHOLARSHIPS AND GRANTS DO NOT NEED TO BE REPAID, AND GENERALLY ARE RENEWABLE FOR AN ADDITIONAL FOUR YEARS FOR FIRST-YEAR UNDERGRADUATE STUDENTS AND THREE YEARS FOR TRANSFER UNDERGRADUATE STUDENTS. GWYNEDD MERCY UNIVERSITY IS COMMITTED TO PRODUCING GRADUATES WHO MAKE THE WORLD A BETTER PLACE. WE OFFER COMPREHENSIVE FINANCIAL AID PACKAGES TO SUPPORT THE STUDENTS' PERSONAL AND PROFESSIONAL GOALS. UNDERGRADUATE TUITION IS SET FOR THE ACADEMIC YEAR BASED ON ACADEMIC PROGRAMS. STUDENTS ALSO ARE CHARGED A COMPREHENSIVE FEE, WHICH CONTRIBUTES TOWARD THE COSTS OF PROVIDING COMPUTER/TECHNOLOGY ACCESS, ACTIVITIES, USE OF FACILITIES, AND OTHER RESOURCES AND SERVICES GENERALLY AVAILABLE TO ALL STUDENTS. GRADUATE AND ACCELERATED PROGRAM TUITION IS BILLED PER CREDIT HOUR AND THE ADMINISTRATIVE COSTS OF A STUDENT'S EDUCATION ARE COVERED THROUGH PROGRAM FEES. FULL-TIME TRADITIONAL UNDERGRADUATE STUDENTS RECEIVE AWARD LETTERS DETAILING ANY AID FOR WHICH THEY ARE ELIGIBLE. OUR AID PACKAGES ACCOUNT FOR TUITION, FEES, ROOM, BOARD, BOOKS, SUPPLIES, TRANSPORTATION, AND MISCELLANEOUS EXPENSES. A TYPICAL AID PACKAGE INCLUDES GRANTS OR SCHOLARSHIPS, A LOW-INTEREST STUDENT LOAN, AND CAMPUS EMPLOYMENT (UP TO 15 HOURS PER WEEK). UNDERGRADUATES WILL LIKELY RECEIVE THE SAME AMOUNT ALL FOUR YEARS AS LONG AS THEY SUBMIT THE FAFSA ANNUALLY, CONTINUE TO MEET ALL CONDITIONS OF THE AWARD, AND THEIR NEED REMAINS ESSENTIALLY UNCHANGED. 3435000 0 1843000 HOUSING AND MEAL SERVICES FOR STUDENTS - GWYNEDD PROVIDES LIVING ARRANGEMENTS THAT SUPPORT AND ENHANCE EDUCATIONAL AND SOCIAL EXPERIENCES THUS DEVELOPING IMPORTANT LIFE SKILLS. GWYNEDD HAS FOUR RESIDENCE HALLS; TWO ARE DEDICATED TO FIRST-YEAR STUDENTS AND TWO ACCOMMODATE TRANSFER STUDENTS AND SOPHOMORES THROUGH SENIORS. ROOM TYPES RANGE FROM SINGLE AND DOUBLE OCCUPANCY TO LIVING SUITES. HOUSING ASSIGNMENTS ARE MADE BASED ON A VARIETY OF FACTORS INCLUDING CLASS YEAR, GENDER, LIFESTYLE PREFERENCES, ROOMMATE REQUESTS, SPACE AVAILABILITY AND HOUSING DEPOSIT DATE.GWYNEDD OFFERS FLEXIBILITY TO STUDENTS THROUGH ITS DINING OPTIONS. ALL RESIDENTS ARE REQUIRED TO CHOOSE ONE OF THREE MEAL PLANS: 19, 15 OR 10 MEALS A WEEK. A COMMUTER MEAL PLAN WAS ALSO ADDED IN FISCAL 2019 TO BETTER ACCOMMODATE THE NEEDS OF OUR COMMUTER STUDENTS. 62121000 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 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 1 119 0 1233 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JENNIFER A GINNETTI SR ASSOCIATE VP OF FINDEPUTY CFO 2156467300 1325 SUMNEYTOWN PIKE GWYNEDD VALLEY PA 19437 DEANNE D'EMILIO PRESIDENT 40.00 X X 404843 0 40942 BARBARA BUCKLEY RSM TRUSTEE 3.00 X 0 0 0 CATHERINE MCMAHCON RSM TRUSTEE 3.00 X 0 0 0 CHARLOTTE O MCKINES CHAIR 5.00 X X 0 0 0 DAVID MALLACH TRUSTEE 3.00 X 0 0 0 DENISE ALLEN WILLIAMS TRUSTEE 5.00 X 0 0 0 EILEEN FOLEY GUEST TRUSTEE 5.00 X 0 0 0 ELLEN STANG MD TRUSTEE 3.00 X 0 0 0 H RAY WELCH TRUSTEE 5.00 X 0 0 0 HELEN P NELSON TRUSTEE 3.00 X 0 0 0 JOHN CS KEPNER JD TRUSTEE 5.00 X 0 0 0 JOSEPH L ENGLAND TRUSTEE 5.00 X 0 0 0 MARGARET TAYLOR RSM TRUSTEE 3.00 X 0 0 0 MARY ANN MCGINLEY-FITZPATRICK TRUSTEE 3.00 X 0 0 0 MICHAEL LAIGN TRUSTEE 3.00 X 0 0 0 OSCAR P VANCE JR TRUSTEE 3.00 X 0 0 0 ROSE MARTIN RSM PHD TRUSTEE 3.00 X 0 0 0 ROSEMARY HERRON RSM TRUSTEE 3.00 X 0 0 0 SALLY W WILLIAMS TRUSTEE 3.00 X 0 0 0 VLADIMIR BIEN-AIME TRUSTEE 3.00 X 0 0 0 DONNA DOROZINKSY TRUSTEE 3.00 X 0 0 0 ROBERT DUNNE TRUSTEE 5.00 X 0 0 0 BRIAN REGLI TRUSTEE 8.00 X 0 0 0 BARBARA B MCHALE SECRETARY (NONBOARD MEMBER) 40.00 X 42727 0 8909 JAMES TRUSDELL VP, FINANCE & ADMINISTRATION 40.00 X 172262 0 29348 MARY VAN BRUNT PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 X 175260 0 33521 GERALD MCLAUGHLIN VP FOR INST. ADVANC. (RET. 11/20) 40.00 X 263481 0 12107 ANN PHALEN DEAN OF NURSING 40.00 X 160600 0 12410 DENISE VANACORE ASSOC. PROFESSOR OF NURSING 40.00 X 135199 0 22148 KELLY STATMORE VP FOR MARKETING & ENROLLMENT 40.00 X 138750 0 27704 JOSEPH PUPO CHIEF INFORMATION OFFICER 40.00 X 123257 0 28641 MARY SORTINO DEAN OF GRADUATE & PROF. STUDIES 40.00 X 136711 0 10209 1753090 0 225939 22 0 1 0 SYNERGIS EDUCATION 1820 E RAY ROAD CHANDLER AZ 85225 RECRUIT./ONBOARDING 6877923 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 152644901 FOOD SVC. CONTRACT 1051572 ASSESSMENT TECHNOLOGIES INSTITUTE LLC 11161 OVERBROOK ROAD LEAWOOD KS 66211 EDUCATIONAL SERVICES 849511 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 INFORMATION TECHNOLOGY SERVICES 323017 BRIGHTVIEW PO BOX 740655 ATLANTA GA 30374 LANDSCAPING SERVICES 216922 21 6000 2887000 1135000 4028000 TUITION AND FEES 611600 65516000 65516000 AUXILIARY ENTERPRISES 611710 1843000 1843000 67359000 756000 756000 128000 18000 110000 110000 110000 16011000 13559000 2452000 2452000 2452000 0 6000 0 0 STUDENT CHARGE REV. 900099 119000 119000 FEES NON-REFUNDABLE 900099 32000 32000 TRANSCRIPT FEES 900099 15000 15000 14000 14000 180000 74885000 67359000 0 3498000 X 21917000 21917000 1173000 1173000 21563000 16149000 5025000 389000 814000 626000 173000 15000 3346000 2453000 834000 59000 1619000 1163000 417000 39000 189000 189000 74000 74000 60000 60000 178000 178000 13372000 11475000 1889000 8000 594000 111000 483000 3035000 1004000 1996000 35000 239000 86000 153000 746000 746000 198000 191000 7000 1476000 1421000 55000 3409000 3065000 344000 591000 4000 587000 INSTITUTIONAL SUPPORT 829000 829000 EMERGENCY CLOSURE 554000 188000 366000 STUDENT ACTIVITIES 438000 77000 361000 BOOKS & PUBLICATIONS 351000 350000 1000 723000 266000 447000 10000 77488000 62121000 14752000 615000 2000 2000 18419000 11508000 1171000 328000 2519000 3206000 22000 22000 319000 72000 114192000 52537000 63709000 61655000 33313000 43351000 2201000 1112000 374000 1983000 122049000 123239000 4678000 4264000 3874000 3309000 37647000 36131000 246000 245000 5300000 5300000 1717000 2716000 53462000 51965000 X 47399000 45973000 21188000 25301000 68587000 71274000 122049000 123239000 -2603000 5290000 0 X 0 1 X 1 1 1 X 3628000 2800000 3103000 3931000 4028000 17490000 3628000 2800000 3103000 3931000 4028000 17490000 1796920 15693080 851000 1081000 1148000 959000 884000 4923000 3000 2594 29876 3540 39010 644000 660000 712000 429000 180000 2625000 25077010 360463000 0.62580 0.58800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ATHLETIC EVENTS - 2016 AMOUNT: $ 210,000. 2017 AMOUNT: $ 196,000. 2018 AMOUNT: $ 240,000. 2019 AMOUNT: $ 1,000. 2020 AMOUNT: $ 5,000. CAMPUS STORE - 2017 AMOUNT: $ 83,000. 2018 AMOUNT: $ 85,000. FEDERAL LOAN PROGRAM - 2016 AMOUNT: $ 4,000. 2017 AMOUNT: $ 4,000. 2018 AMOUNT: $ 14,000. 2019 AMOUNT: $ 3,000. FEES NON-REFUNDABLE - 2016 AMOUNT: $ 21,000. 2017 AMOUNT: $ 26,000. 2018 AMOUNT: $ 62,000. 2019 AMOUNT: $ 59,000. 2020 AMOUNT: $ 32,000. NON-CHARITABLE EVENT RECEIPTS - 2016 AMOUNT: $ 40,000. 2017 AMOUNT: $ 37,000. 2018 AMOUNT: $ 41,000. 2019 AMOUNT: $ 37,000. MERCY VOLUNTEER CORP REV - 2016 AMOUNT: $ 33,000. 2017 AMOUNT: $ 40,000. 2018 AMOUNT: $ 40,000. 2019 AMOUNT: $ 30,000. OTHER INCOME - 2016 AMOUNT: $ 66,000. 2017 AMOUNT: $ 26,000. 2018 AMOUNT: $ 11,000. 2019 AMOUNT: $ 12,000. 2020 AMOUNT: $ 8,000. PARKING FEES - 2016 AMOUNT: $ 61,000. 2017 AMOUNT: $ 63,000. 2018 AMOUNT: $ 70,000. 2019 AMOUNT: $ 60,000. SGA INCOME - 2016 AMOUNT: $ 67,000. 2017 AMOUNT: $ 67,000. 2018 AMOUNT: $ 67,000. STUDENT CHARGE REVENUE - 2016 AMOUNT: $ 116,000. 2017 AMOUNT: $ 86,000. 2018 AMOUNT: $ 48,000. 2019 AMOUNT: $ 67,000. 2020 AMOUNT: $ 119,000. TRANSCRIPT FEES - 2016 AMOUNT: $ 21,000. 2017 AMOUNT: $ 23,000. 2018 AMOUNT: $ 26,000. 2019 AMOUNT: $ 23,000. 2020 AMOUNT: $ 15,000. US TREASURY RESTITUTION - 2016 AMOUNT: $ 5,000. 2017 AMOUNT: $ 5,000. 2018 AMOUNT: $ 5,000. 2019 AMOUNT: $ 3,000. VENDING COMMISSIONS - 2017 AMOUNT: $ 4,000. 2018 AMOUNT: $ 3,000. 2019 AMOUNT: $ 2,000. 2020 AMOUNT: $ 1,000. REBATES - 2019 AMOUNT: $ 11,000. ERP CONVERSION FA ADJ - 2019 AMOUNT: $ 121,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 174675 35813841 35581899 406617 1 X 32098000 1147000 8267000 -91000 41603000 30428000 1589000 656000 575000 32098000 38143000 2685000 1395000 11795000 30428000 34244000 2115000 2560000 776000 38143000 29330000 1686000 3766000 538000 34244000 0.52150 0.47850 0.00000 0 1 1 92346000 38800000 53546000 13153000 8802000 4351000 7740000 4935000 2805000 953000 953000 61655000 FEDERAL GOVERNMENT INVESTMENT - LOAN PROGRAM 913000 LEASE LIABILITY 1803000 2716000 X 58098000 5290000 -22095000 -16805000 74903000 -18000 -18000 74885000 55411000 18000 18000 55393000 22095000 22095000 77488000 PART IV, LINE 1B: THE UNIVERSITY ACTS AS A CUSTODIAN FOR FEDERAL AND STATE GRANTS SUCH AS PELL, PHEAA, AND SEOG. PART IV, LINE 2B: THE UNIVERSITY HOLDS ROOM DEPOSITS FOR STUDENTS' HOUSING. IF THE HOUSING IS IN AN APPROPRIATELY SUITABLE CONDITION AT THE END OF THE TERM, THE DEPOSITS ARE RETURNED. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION OF THE ORGANIZATION SPECIFICALLY FOR STUDENT SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. 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 OR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -21,917,000. INVESTMENT FEES -178,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -18,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 18,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 21,917,000. INVESTMENT FEES 178,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE UNIVERSITY'S NONDISCRIMINATION POLICY IS INCLUDED IN ALL UNIVERSITY RECRUITING MATERIALS, ON ITS WEB SITE AND IN ALL PUBLISHED ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 GWYNEDD MERCY UNIVERSITY RECEIVES FEDERAL FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. THE UNIVERSITY RECEIVES FUNDING FROM U.S. DEPARTMENT OF EDUCATION UNDER THE FOLLOWING STUDENT FINANCIAL ASSISTANCE PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY, FEDERAL DIRECT LENDING, FEDERAL PELL GRANTS, AND FEDERAL PERKINS AND NURSING LOAN PROGRAMS. THE UNIVERSITY ALSO RECEIVES FEDERAL FUNDING FROM THE DEPARTMENT OF VETERAN AFFAIRS FOR VETERANS ADMINISTRATION TUITION BENEFITS. ADDITIONALLY, IN FISCAL 2020-2021, THE UNIVERSITY RECEIVED FEDERAL FUNDING FROM THE DEPARTMENT OF EDUCATION'S CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF II) AND AMERICAN RESCUE PLAN ("ARP") FOR BOTH INSTITUTIONAL USE AND PASS-THROUGH TO STUDENTS. X X X X X X X 0 WOJDAK GOVERNMENT RELATIONS 30 NORTH THIRD STREET SUITE 950 HARRISBURG PA 17101 GRANT SOLICITATION 0 0 60000 -60000 60000 -60000 PA 1 STUDENT AID 6381 21917000 PART I, LINE 2: THE UNIVERSITY OFFICE OF STUDENT FINANCIAL AID PROVIDES SCHOLARSHIPS AND GRANTS TO STUDENTS IN ACCORDANCE WITH UNIVERSITY POLICIES AND DONOR GUIDELINES. THE UNIVERSITY ALSO MAINTAINS COMPREHENSIVE RECORDS OF THE SAME. X 1 1 X X X 1 0 0 0 0 0 0 0 0 DEANNE D'EMILIO PRESIDENT 404843 0 0 0 0 0 19906 0 21036 0 445785 0 0 0 GERALD MCLAUGHLIN VP FOR INST. ADVANC. (RET. 11/20) 150980 0 0 0 112501 0 10022 0 2085 0 275588 0 0 0 MARY VAN BRUNT PROVOST AND VP FOR ACADEMIC AFFAIRS 175260 0 0 0 0 0 12760 0 20761 0 208781 0 0 0 JAMES TRUSDELL VP, FINANCE & ADMINISTRATION 172262 0 0 0 0 0 9188 0 20160 0 201610 0 0 0 ANN PHALEN DEAN OF NURSING 160600 0 0 0 0 0 11200 0 1210 0 173010 0 0 0 KELLY STATMORE VP FOR MARKETING & ENROLLMENT 138750 0 0 0 0 0 10098 0 17606 0 166454 0 0 0 DENISE VANACORE ASSOC. PROFESSOR OF NURSING 135199 0 0 0 0 0 6973 0 15175 0 157347 0 0 0 JOSEPH PUPO CHIEF INFORMATION OFFICER 123257 0 0 0 0 0 9103 0 19538 0 151898 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE - DEANNE D'EMILIO, PRESIDENT, RECEIVED A $39,375 HOUSING ALLOWANCE THAT IS INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4A GERALD MCLAUGHLIN, VP FOR INSTITUTIONAL ADVANCEMENT, RECEIVED SEVERANCE IN THE AMOUNT OF $112,501 UPON HIS RETIREMENT. A PA HIGHER EDUCATION FACILITIES AUTHORITY 700917RSL 2012-05-10 10000000 CAPITAL IMPROVEMENT 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613603WV7 2017-04-27 12668221 REFINANCE OUTSTANDING DEBT, CAPITAL EXPENDITURES 0 0 0 C MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 232447147 613603ZN2 2019-05-01 6058140 BOND REOFFERING 0 0 0 D MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 2017 V1B 232447147 613603ZP7 2019-05-01 6244440 BOND REOFFERING 0 0 0 A 10086294 1000568 141215 8981649 2014 0 0 1 1 B 3625000 12651561 676739 172877 11818841 2017 1 0 1 1 C 255000 6058140 54043 1060177 4943920 2019 1 0 1 1 D 255000 6244440 53885 6244440 2019 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 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PA HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/26/2021 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 2017 V DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 ISSUER NAME: MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 2017 V DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2021 SCHEDULE K, PART II LINE 3 PROCEEDS DO NOT AGREE TO ISSUE PRICES DUE TO PREMIUMS/DISCOUNTS ON ISSUES. SCHEDULE K, PART II LINE 11 OTHER SPENT PROCEEDS REPRESENTS REFINANCING OF PREVIOUSLY EXISTING BONDS. A MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTHORITY 2017 V1C 232447147 613603ZQ5 2019-05-01 6251261 BOND REOFFERING 0 0 0 A 255000 6251261 53481 6251261 2019 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, THE PRESIDENT, THE VICE CHAIR, ONE OR MORE BOARD COMMITTEE CHAIRS AND ONE OR MORE MEMBERS AT LARGE. THE EXECUTIVE COMMITTEE SHALL INCLUDE AT LEAST TWO SISTERS OF MERCY. THE EXECUTIVE COMMITTEE SHALL TAKE ACTION BETWEEN BOARD MEETINGS CONSISTENT WITH EXISTING BOARD POLICY AND IS FURTHER SUBJECT TO BOARD IMPOSED RESTRICTIONS ON ITS AUTHORITY. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED IN OCTOBER 2020. THE CHANGES MADE WERE TO SPONSORSHIP AND AFFILIATION. THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS, A PUBLIC JURIDIC PERSON OF THE ROMAN CATHOLIC CHURCH, SHALL SERVE AS THE SPONSOR OF THE CORPORATION, WHICH AGREES TO IDENTIFY ITSELF AS A MERCY, CATHOLIC UNIVERSITY. THE BY-LAWS WERE ALSO AMENDED TO REMOVE THE CONFERENCE FOR MERCY HIGHER EDUCATION AS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B AS A CONDITION OF THE CORPORATION'S AFFILIATION WITH CMHE AND SPONSORSHIP BY THE INSTITUTE OF THE SISTERS MERCY OF THE AMERICAS, IN NO EVENT SHALL THE BOARD OF TRUSTEES TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT THE PRIOR WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF CMHE OR ITS SUCCESSOR OR DESIGNEE. (I) APPROVE A SALE OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, A MERGER CONSOLIDATION, REORGANIZATION, DISSOLUTION OR LIQUIDATION OF THE CORPORATION, OR OTHER FUNDAMENTAL TRANSACTION CONTEMPLATED WITHIN THE NONPROFIT CORPORATION LAW OF PENNSYLVANIA, OR THESE BY-LAWS; OR (II) AMEND THIS SECTION OF THE BY-LAWS WITH RESPECT TO THE CORPORATION'S ROMAN CATHOLIC IDENTITY OR THE CONDITIONS PROVIDED HEREIN OR IN THE ANY ARTICLES OF INCORPORATION RELATING TO THE AFFILIATION OF THE CORPORATION WITH THE CMHE OR ITS SPONSORSHIP BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. FORM 990, PART VI, SECTION B, LINE 11B THE SR. ASSOCIATE VP OF FINANCE/DEPUTY CFO AND THE VP OF FINANCE PERFORM AN INITIAL REVIEW. THE BOARD'S FINANCE AND AUDIT COMMITTEE THEN REVIEWS THE FORM 990. BOARD MEMBERS HAVE ACCESS TO A SECURED WEBSITE TO REVIEW THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, TRUSTEES, AND KEY EMPLOYEES DISCLOSE AND SIGN OFF ON ANY CONFLICTS OF INTEREST ON AN ANNUAL CONFLICT OF INTEREST STATEMENT. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PER THE GMERCYU CONFLICT OF INTEREST POLICY, IF A CONFLICT OF INTEREST ARISES, THE MATTER IS PRESENTED TO THE BOARD AND/OR EXECUTIVE COMMITTEE, ALTERNATIVES ARE INVESTIGATED, AND IF NO REASONABLE RESOLUTION IS AVAILABLE, THE EXECUTIVE COMMITTEE WILL HOLD A MAJORITY VOTE TO DECIDE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE UNIVERSITY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE UNIVERSITY AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF A VIOLATION OF THE CONFLICT OF INTEREST POLICY HAS BEEN DETERMINED, THE EXECUTIVE COMMITTEE WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DESIGNED A PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO. THE PROCESS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND DISCUSSION WITH THE EXECUTIVE COMMITTEE. IN JUNE 2020, THE UNIVERSITY ENGAGED A CONSULTING FIRM FOR THE RENEWAL OF THE PRESIDENT'S CONTRACT. THE EXECUTIVE COMMITTEE REQUESTED AND RECEIVED A LETTER OF SUBSTANTIATION FROM THE UNIVERSITY'S ATTORNEY IN SUPPORT OF THE PROCESS AND THE TERMS OF THE COMPENSATION. INFORMATION AND DOCUMENTS WERE SHARED WITH THE BOARD IN AN EXECUTIVE SESSION. WHEN NEEDED, A THIRD PARTY IS USED TO ANALYZE COMPENSATION TO OTHER OFFICERS AND KEY EMPLOYEES. THE UNIVERSITY IS CURRENTLY IN THE PROCESS OF REVIEWING ALL COMPENSATION AS A STRATEGIC INITIATIVE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 37,000. MANAGEMENT AND GENERAL EXPENSES 334,000. FUNDRAISING EXPENSES 6,000. TOTAL EXPENSES 377,000. CONTRACTED FEES: PROGRAM SERVICE EXPENSES 10,326,000. MANAGEMENT AND GENERAL EXPENSES 1,303,000. FUNDRAISING EXPENSES 2,000. TOTAL EXPENSES 11,631,000. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,112,000. MANAGEMENT AND GENERAL EXPENSES 252,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,364,000. CONFERENCE FOR MERCY HIGHER EDUCATION 8403 COLESVILLE RD SILVER SPRINGS MD 20910 431973007 RELIGIOUS SPONSOR OF THE ORGANIZATION MO 501(C)(3) LINE 1 N/A 0 SISTERS OF MERCY OF THE AMERICAS INC 8403 COLESVILLE RD SILVER SPRINGS MD 20910 521653282 RELIGIOUS SPONSOR OF THE ORGANIZATION MO 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0