2022-04-11T15:22:18-07:00 2021-05-31 990 2020-06-01 250965430 MERCYHURST UNIVERSITY MERC 8148242000 501 East 38th Street Erie PA 165460002 Michael E Heller Vice President of Finance and Admin 8148242032 2022-04-11 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Kathleen A Getz 501 East 38th Street Erie PA 165460002 164397548 0 X www.mercyhurst.edu X 1926 PA Mercyhurst University is a fully accredited, four-year, Catholic comprehensive institution founded by the Sisters of Mercy in 1926. The Erie (Pa.) campus offers sixty-six (66) undergraduate majors with sixty-four (64) minors and sixty (60) concentrations, as well as unique adult programs and twelve (12) graduate programs. In addition, the institution maintains one- and two-year programs at two satellite campuses- Mercyhurst Corry (Corry, Pa.) and Mercyhurst at Booker T Washington (Erie). 28 25 2003 250 -21167 0 19760851 20329348 135003886 136743509 1370608 1403027 153210 176273 156288555 158652157 58387053 60225401 0 0 42765940 39323928 0 0 553923 55657514 52367284 156810507 151916613 -521952 6735544 168118238 174865954 71923871 67529854 96194367 107336100 Consistent with its Catholic identity and Mercy heritage, Mercyhurst University educates men and women in a culture where faith and reason flourish together, where the beauty and power of the liberal arts combine with an appreciation for the dignity of work and a commitment to serving others. Confident in the strength of its student-faculty bonds, the university community is inspired by the image of students whose choices, in life and work, will enable them to realize the human and spiritual values embedded in everyday realities and to exercise leadership in service toward a just world. 0 0 69129893 50216244 108715198 At the fall census date during the 2020-21 academic year there were 3242 students enrolled in undergraduate, graduate, and associate degree programs at the main campus in Erie (2825) and at North East and other satellites (417). The student population was comprised of 2532 full-time and 290 part-time undergraduate students along with 290 full-time and 130 part-time graduate students. There were 148 full-time and 88 part-time faculty. During the academic year, 817 total degrees were conferred in the following categories: Baccalaureate 484, Associate 117, Masters 154, UG certificate 46 and Grad certificates 16. The University offered 12 graduate programs, 66 undergraduate majors with 64 minors and 60 concentrations, and 15 associate degree programs, as well as 3 associate degree programs at the University's two educational learning centers. Additionally, there were 4 undergraduate certificate programs, 5 advanced certificate programs and 10 graduate certificate programs. 10845294 0 23059743 Auxiliary services includes student housing, foodservice, the university bookstore and the university's conference center on the Main campus, and the university bookstore on the North East campus. The total student population in university housing on the Main campus was 1,825 for the 2020-21 fiscal year. 1,426 students at the Main campus had paid meal plans while many other students and employees dine in university facilities on a pay-as-you-go basis. The university maintains a bookstore on the Main campus as well as the North East campus. The university has a conference center facility at the Main campus and regularly hosts outside groups and organizations 61013447 10009157 4978617 All other program related activities. 61013447 10009157 4978617 140988634 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 0 1 152 0 1 2003 1 1 1 1 CJ EI 0 0 0 1 1 0 0 0 0 0 0 X 28 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X Michael E Heller 8148242390 501 East 38th Street Erie PA 165460002 Victor Michael T Former President & Board of Trustees 45 X X 510907 0 38371 Roberts Leanne M Provost and VP of Academic Affairs & Board of Trustees 45 X X 172070 0 61627 McGill Duncan E Dean of Ridge College 45 X 175737 0 48978 Myron David P VP of Finance and Administration 45 X 161714 0 37668 Sullivan Gary Assistant Professor of Risk Management 45 X 160000 0 38040 Hartman Gary Deputy Director of HIDTA 45 X 161876 0 0 Duke Robin Associate Professor of PA Program 45 X 127108 0 26777 Corpora Christopher Professor of Intel 45 X 124938 0 28179 Bollheimer Meredith General Counsel, VP of Legal Affairs 45 X 116455 0 33358 Britt Jeanette VP for Technology and CIO 45 X 119541 0 17769 Kelsey Jane M Assistant VP for Finance/Treasurer 45 X 116907 0 18700 McCarty Richard President, Faculty Senate 45 X 54572 0 11762 Belleau Lucienne President, Mercyhurst Student Government 2 X 11311 0 0 Bader Sister Mary Ann Board of Trustees 1 X 0 0 0 Cipriani Dario Board of Trustees 1 X 0 0 0 Courneen Sister JoAnne K Vice Chair of the Board & Interim Co-Chair of the Board of Trustees 2 X 0 0 0 DeFrancesco Brian C Board of Trustees 1 X 0 0 0 Durkin Rosemary D Secretary of the Board of Trustees 2 X 0 0 0 Fiedler Stephen J Treasurer of the Board of Trustees 2 X 0 0 0 Furr Susan K Board of Trustees 1 X 0 0 0 Garzon Paula E Board of Trustees 1 X 0 0 0 Gibson Ryan Board of Trustees 1 X 0 0 0 Jeffress Andrea T Board of Trustees 1 X 0 0 0 Johnson Matthew W Board of Trustees 1 X 0 0 0 Kern B Scott Board of Trustees 1 X 0 0 0 Kubiak Lev J Board of Trustees 1 X 0 0 0 Langer John H Board of Trustees 1 X 0 0 0 Lewis William G Former Board of Trustees 1 X 0 0 0 Lilly Brian M Board of Trustees 1 X 0 0 0 Maher Yvonne J Vice Chair of the Board & Interim Co-Chair of the Board of Trustees 2 X 0 0 0 Marsh Christina M Board of Trustees 1 X 0 0 0 McAndrew Marc Board of Trustees 1 X 0 0 0 Moran Daniel J Board of Trustees 1 X 0 0 0 Munch John A Board of Trustees 1 X 0 0 0 NeCastro Joseph G Chair of the Board of Trustees & Interim President 2 X X 0 0 0 Pietraszek Margaret M Board of Trustees 1 X 0 0 0 Salvia Mark J Board of Trustees 1 X 0 0 0 Saxon John W Board of Trustees 1 X 0 0 0 Schaaf Mary E Board of Trustees 1 X 0 0 0 Merski Emily M President, Mercyhurst Alumni Assoc. 2 X 0 0 0 Weschler Patrick J Board of Trustees 1 X 0 0 0 Zaphiris Peter J Board of Trustees 1 X 0 0 0 2013136 0 361229 28 0 1 0 Parkhurst Dining Services 285 E Waterfront Drive Homestead PA 15120 Dining Services 7590192 Aramark Corporation PO Box 978839 Dallas TX 753977883 Maintenance 5043399 ARO 200 W Adams St Suite 2000 Chicago IL 60606 Mailroom and Printing 355542 Ellucian Company LP 62578 Collections Center Dr Chicago IL 60693 Software and Support 312304 Weber Murphy Fox 3230 West Lake Road Erie PA 165053657 Architecture and Construction Management 235332 7 0 0 0 0 19039872 1289476 344075 20329348 Tuition & Fees 611310 108715198 108715198 0 0 Auxilliary Services 611310 23059743 23059743 0 0 Government Grants & Contracts 611310 3071823 3071823 0 0 Other Educational Related 611310 1268941 1268941 0 0 Athletics 611310 222089 222089 0 0 405715 404877 838 0 136743509 577364 0 0 577364 0 0 0 0 600 0 0 600 316633 26665 188514 124776 128119 -98111 30008 -76106 -22005 128119 6138784 86993 5400114 0 738670 86993 825663 86993 0 738670 177652 0 31987 145665 0 145665 0 0 0 0 0 0 0 0 0 0 0 0 0 158652157 136753558 -21167 1590418 X 148960 148960 60076441 60076441 0 0 0 0 1646211 408876 1109129 128206 270176 270176 0 0 27149457 23977257 3024161 148039 1021485 882910 123628 14947 7375395 6321379 946999 107017 1861204 1625916 231789 3499 0 0 0 0 119846 0 119846 0 105386 0 105386 0 37500 0 0 37500 0 0 16507 0 16507 0 17947368 17133782 813586 0 522985 121353 401632 0 6347313 4721637 1605235 20441 3366227 2842479 486218 37530 0 0 0 0 3582389 3068316 462128 51945 746002 648469 97533 0 0 0 0 0 299458 273776 20883 4799 3191402 3191402 0 0 0 0 0 0 5533993 5533993 0 0 885596 132213 753383 0 Cost of Sales - Dining, Bookstore & Production 6790897 6782571 8326 0 Cares Act Student Distribution 1593579 1593579 0 0 Bad Debts, Write-offs, and Collections 468375 468375 0 0 UBIT Advertising Expense 911 911 0 0 811550 763863 47687 0 151916613 140988634 10374056 553923 0 0 14816336 14769483 8503014 8503400 434596 1430110 0 0 0 0 1293055 1105046 343517 310294 690665 1053353 204108282 95544601 113594158 108563681 28442897 39130587 0 0 0 0 0 0 0 0 168118238 174865954 10112751 13354544 0 0 8128601 3543106 48550834 47461575 0 0 0 0 3510572 1801755 0 0 1621113 1368874 71923871 67529854 X 72372607 77313226 23821760 30022874 96194367 107336100 168118238 174865954 X 6735544 8630308 0 0 0 -4224119 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 37500 37500 140988634 141026134 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 85749 97883 90395 37500 311527 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 X 1 17 0 0 0 1 0 0 0 1 0 0 X X X 0 30409331 494041 8870107 1289201 0 0 38484278 30554130 1395135 -206086 1333848 0 0 30409331 31770061 622353 -483307 1354977 0 0 30554130 30662798 275650 2270944 1439331 0 0 31770061 30961271 796159 415028 1509660 0 0 30662798 0.249 0.5563 0.1947 1 0 0 2615527 2615527 0 145541240 61057709 84483531 0 3916 0 3916 0 36923615 29696903 7226712 0 19023984 4789989 14233995 108563681 0 Federal Government Advance for Student Loans 796663 Student Deposits 519655 Trusts Payable 52556 1368874 X 98770915 8630308 0 0 -8427100 203208 98567707 8009 60076441 60084450 158652157 87629182 0 0 0 -4202981 -4202981 91832163 8009 60076441 60084450 151916613 Schedule D, Part II, Line 9 The University does not derive any revenue from this agreement beyond the original $1 it received in entering into the agreement. As stated in question 7 above, there are no expenses exclusively or directly related to the easement agreement. Being that the 16.89 acres of the easement was part of the land purchased by the University, the fair market value of the easement is included on the University's books and financial statements as property, plant and equipment. There is not a separate footnote in the University financial statements addressing the easement agreement. Schedule D, Part III, Line 1 Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Contributions of collection items are not reported in the financial statements. The University's collections consist primarily of paintings, sculptures, and other works of art, books, and antique furniture. Schedule D, Part III, Line 4 The observance and study of works of art and historical treasures are part of the educational curriculum in many disciplines. The University maintains a collection to further and enhance the educational experience in these disciplines, which is the primary reason for the University's exempt purpose. Schedule D, Part V, Line 4 The University's endowment consists of individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments (board-designated endowment funds). Many of the individual funds established provide scholarships to students. Several other endowments support academic programs, the library, the performing arts center and other areas of the University. Schedule D, Part X, Line 2 The Financial Accounting Standards Board (FASB) provides guidance for how uncertain income tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the University's tax returns to determine whether the tax positions are more-likely-than-not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and asset or liability in the current year. For the year ended May 31, 2021, management has determined there are no uncertain tax positions. Schedule D, Part XI, Line 2d This line includes various items that are recorded as part of net revenues on 990 Part VIII; Loss on Disposition of Assets, Rental expenses, Fundraising expenses, Return of Miller Estate Endowment, and Intercompany elimination entries for MCI and Endowment. Schedule D, Part XI, Line 4b Financial assistance awarded to students of the institution which is recorded as a contra-revenue in the audited financial statements. Schedule D, Part XII, Line 2d This line includes various items that are recorded as part of net revenues on 990 Part VIII; Loss on Disposition of Assets, Rental expenses, Fundraising expenses, Return of Miller Estate Endowment, and Intercompany elimination entries for MCI and Endowment. This line also included $4,224,119 of impairment of assets not recorded as part of net expenses on 990 Part IX. Schedule D, Part XII, Line 4b Financial assistance awarded to students of the institution which is recorded as a contra-revenue in 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 3 The University's practice is to fully disclose our nondiscrimination policy in the course catalog and on the University's public website. Schedule E, Part I, Line 6 The University receives an Institutional Assistance Grant from the Pennsylvania Higher Education Assistance Agency (PHEAA). This aid is determined by the number of Pennsylvania state grant recipients enrolled at the University during the current academic year. Europe (including Iceland and Greenland) 1 0 Program Services Study Abroad MC Ireland 7230 Central America and the Caribbean 0 0 Investments 5950689 1 0 5957919 0 0 1 1 0 0 Athletics Golf Outing 46435 0 46435 0 12057 6800 0 0 805 0 0 46435 0 46435 0 12057 6800 0 0 805 19662 26773 1 The Erie Downtown Development Corporation Community & Economic Development Department 100 Erie Insurance Place Erie PA 16530 820709054 501(c)3 88203 Support the Erie Downtown Development Corporation Fund 1 0 University funded financial assistance based on need and merit provided to students attending Mercyhurst University. 3301 60076441 Schedule I, Part I, Line 2 Most students receiving need-based financial aid from the University must complete an annual Free Application for Federal Student Aid (FAFSA) form and make satisfactory academic progress in order to retain their aid. Reviews are also conducted on each student to ensure that their grades, academic standing, and major continue to qualify them for the financial aid. These review processes are conducted annually at the end of the University's spring term, prior to the renewal of financial aid packages for the students. X X X 1 1 X X 1 0 0 0 0 0 0 0 0 Corpora Christopher Professor of Intel 129375 0 0 0 0 0 7116 0 16626 0 153117 0 0 0 Duke Robin Associate Professor of PA Program 131545 0 0 0 0 0 5714 0 16626 0 153885 0 0 0 Hartman Gary Deputy Director of HIDTA 161876 0 0 0 0 0 0 0 0 0 161876 0 0 0 McGill Duncan E Dean of Ridge College 175250 0 0 0 1020 0 9625 0 38820 0 224715 0 0 0 Myron David P VP of Finance and Administration 166314 0 0 0 1020 0 9121 0 21127 0 197582 0 0 0 Roberts Leanne M Provost and VP of Academic Affairs & Board 180000 0 0 0 0 0 9900 0 43797 0 233697 0 0 0 Sullivan Gary Assistant Professor of Risk Management 160000 0 0 0 0 0 0 0 38040 0 198040 0 0 0 Victor Michael T Former President & Board of Trustees 400000 0 0 0 115664 0 15400 0 18214 0 549278 0 0 0 Schedule J, Part I, Line 1a First Class or Charter Travel - The President is permitted to fly first class while certain other VPs are permitted if the trip is either cross country or international in nature. The University did not use any charter travel during the reporting period. Social Club Dues - The President, as part of his contract, and certain other VPs received social club memberships. This benefit was considered taxable and taxed accordingly. Personal Services - The President, as part of his contract, is provided a personal driver for events attending as a representative of the University. Schedule J, Part I, Line 4 Duncan McGill, Dean of Ridge College received $201,275 as part of a separation agreement. The severance was paid in calendar year 2021 and will be reflected as reportable compensation on the 2021 Form 990 and related 2021 Form W-2. However, the liability was accrued on the May 31, 2021 balance sheet. A 2016 Series CEHEBA 251536711 295435CD1 2016-12-01 25618931 See Part VI 1 0 0 B 2017 Series CEHEBA 251536711 295435CE9 2017-07-01 30485977 See Part VI 0 0 0 A 7075000 0 25749336 2115915 0 0 339088 0 0 0 0 0 1 1 1 1 B 165000 0 30881605 2812573 0 0 609708 0 0 24498146 0 0 2018 0 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 A 0 1 0 1 0 0 0 1 1 B 0 1 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-12/01/2016 25,618,931 2016 Series CEHEBA On December 1, 2016, the University issued University Revenue Refunding Bonds through the City of Erie Higher Education Building Authority (Authority). The 2016 Bond proceeds were used to finance a project consisting of (a) current refunding of all of the 2004 Series A and B Bonds; (b) the advance refunding of all of the 2008 Bonds; (c) the funding of a debt service reserve fund; and (d) the financing of the costs relating to the issuance of the 2016 Bonds. Schedule K, Part I, Column f-07/01/2017 30,485,977 2017 Series CEHEBA On July 1, 2017, Mercyhurst Student Housing, LLC, a Pennsylvania limited liability company, issued $31,435,000 Revenue Bonds through the Authority. The 2017 Bond proceeds were used to finance a project consisting of (a) financing all or a part of the costs of acquiring, developing, constructing, furnishing, and equipping an approximately 148,000 square foot residence hall comprising approximately ninety (90) suites containing approximately 350 beds, and related student facilities, on approximately four acres of land owned by and on the Erie campus of the University, (b) funding capitalized interest, (c) funding a debt service reserve fund, and (d) pay all or a portion of the cost of issuance of the Series 2017 Bonds. Schedule K, Part II, Line 3-12/01/2016 25,618,931 2016 Series CEHEBA The difference between Part II, Line 3, A and Part I, A, column e is cumulative interest earnings on the bond trust accounts for the Fiscal Year ending May 31, 2021. Schedule K, Part II, Line 3-07/01/2017 30,485,977 2017 Series CEHEBA The difference between Part II, Line 3, B and Part I, B, column e is cumulative interest earnings, net of expenses on the bond trust accounts for the Fiscal Year ending May 31, 2021. Schedule K, Part IV, Line 2c-12/01/2016 25,618,931 2016 Series CEHEBA The date that the rebate computation was performed December 1, 2016 to May 31, 2021. As of the interim computation date of May 31, 2021, the report indicated that there was no rebate liability. The first IRS five-year computational due date is 12/01/2021 for the 2016 Series Bonds. Schedule K, Part IV, Line 2c-07/01/2017 30,485,977 2017 Series CEHEBA The date that the rebate computation was performed July 7, 2017 to May 31, 2021. As of the interim computation date of May 31, 2021, the report indicated that there was no rebate liability. The first IRS five-year computational due date is 7/01/2022 for the 2017 Series Bonds. Schedule K, Part IV, Line 6-12/01/2016 25,618,931 2016 Series CEHEBA Part of the 2016 Series Bond Issue was an advanced refunding of the 2008 Series Bonds, which were placed in a yield restricted escrow fund, until the call date of September 15, 2018. A final rebate computation was performed through the call date of September 15, 2018, which indicated no cumulative rebate liability as of the September 15, 2018 Final Rebate Computation Date. Exception for Schools Not Required 40940 Tuition Remission Financial Aid Exception for Schools Not Required 44000 Merit Based Scholarship Financial Aid Exception for Schools Not Required 2595 Need Based Scholarship Financial Aid H Jack Langer Heating and Plumbing Trustee John H Langer owner 194185 Heating and Plumbing Services 0 Anne Zaphiris Sister of Trustee 97060 Compensation and Benefits 0 Joseph Morris Spouse of Trustee and Officer 90079 Compensation and Benefits 0 William Jeffress Spouse of Trustee 55546 Compensation and Benefits 0 Schedule L, Part IV Trustee John H Langer is the owner of H. Jack Langer Heating and Plumbing. Anne Zaphiris is the sister of Trustee Peter Zaphiris and she is an employee of Mercyhurst University. Joseph Morris is the husband of Trustee and Officer Leanne Roberts and he is an employee of Mercyhurst University. William Jeffress is the husband of Trustee Andrea Jeffress, M.D. and he is an employee of Mercyhurst University. X 9 325936 FMV X Miscellaneous 4 18139 FMV 0 0 1 1 Schedule M, Part I, Line 32b Mercyhurst has an account with a financial/investment institution. When stock gifts are received they are delivered to this institution and sold by them on behalf of the University with the proceeds being deposited into our account. Form 990, Part VI, Section A, Line 2 Joseph G NeCastro (Trustee) has a family relationship with Mark J Salvia (Trustee). Form 990, Part VI, Section B, Line 11b The Form 990 for Mercyhurst University for the current fiscal year end was reviewed in detail by the Vice President for Finance and Administration, and by an independent accounting firm prior to filing with the IRS. In addition to management's review of the Form 990, each voting member of the Mercyhurst University Board of Trustees was e-mailed a notification that the final Form 990, including all required schedules, was made available on a secured website for review. Trustees were given an opportunity to ask questions and provide feedback to management prior to the filing of the return with the IRS. Form 990, Part VI, Section B, Line 12c Mercyhurst University has a written Conflict of Interest Policy. All Trustees and members of the President's Cabinet are required to disclose to the Board of Trustees any possible conflict of interest at the earliest practical time. Further, the Trustee shall abstain from discussion of, and abstain from voting on, such matters under consideration by the Board of Trustees or its committees. Each Trustee and member of the President's Cabinet shall complete and sign by the spring Board meeting each year a conflict of interest disclosure form provided annually by the Secretary of the Board of Trustees. The annual conflict of interest disclosure forms are reviewed first by the Chair of the Board of Trustees, who also serves as Chair of the Executive Committee and by the full Executive Committee of the Board of Trustees typically at its Fall meeting. Copies of the annual conflict of interest disclosure forms are provided to the Executive Committee of the Board of Trustees, the Chair of the Board of Trustees, the Secretary of the Board of Trustees, the Chair of the Committee on Audit, the external audit firm, and the President of the University. Form 990, Part VI, Section B, Line 15 The Mercyhurst University Board of Trustees follows the recommendation of the Association of Governing Boards of Colleges and Universities among other leading authorities in our industry when dealing with presidential compensation and therefore, adheres to best practices established. The process/policy for setting presidential compensation at Mercyhurst University is the following. At Mercyhurst University, the Committee on Compensation of the Board of Trustees is responsible for the compensation-setting function of the President. The committee consists of no fewer than three trustees appointed by the chair of the board, who will also name a chair and vice chair. These trustees must be independent, without a conflict of interest as it relates to this area, and may not have been employed by Mercyhurst University in the last five years. No member may be an executive of Mercyhurst University. Continuously throughout the year, the Committee on Compensation evaluates the President's performance for the fiscal year-end and conducts a formal review at least once a year. The committee reviews the president's performance in light of the university's goals and objectives. In addition, the committee reviews the President's compensation to ensure that his compensation complies with rules governing tax-exempt universities described in the Internal Revenue Code, complies with compensation rules and regulations promulgated by any other regulatory agency or legislative authority and aligns appropriately with compensation levels at comparable universities. They use this review as the basis for recommendations on the president's compensation. The committee negotiates the terms of the (new or renewed) president's contract and increases in compensation level, elements of the compensation package, and structure. The recommendation is then presented for approval of the full board. At this time, the committee also requests the President to provide a list of goals and objectives for the institution and for the office of the president for the forthcoming year. This document provides the baseline used in evaluating the performance of the President. This request is followed up by a request of the Committee on Compensation to the President to prepare a report that assesses progress on each of the annual and standing objectives presented in the report. Form 990, Part VI, Section C, Line 19 Mercyhurst University's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part IX, Line 11g $5,045,399 of the expenses for other services are related to the maintenance contract with Aramark. $10,884,311 is related to contract services for Grants and Institutes. The remaining $2,017,658 is related to general contract services for the University. Form 990, Part XI, Line 9 Loss related to the impairment of assets of $4,224,119 Mercyhurst Student Housing LLC 501 East 38th Street Erie PA 165460002 821588242 Student Housing PA 2441123 30789882 N/A WB HIDTA LLC 501 East 38th Street Erie PA 165460002 821368498 Assist Enforcement in High Drug Trafficking Areas PA 0 0 N/A Atlanta Carolinas HIDTA LLC 501 East 38th Street Erie PA 165460002 364910504 Assist Enforcement in High Drug Trafficking Areas PA 0 0 N/A CVC HIDTA LLC 501 East 38th Street Erie PA 165460002 371980682 Assist Enforcement in High Drug Trafficking Areas PA 0 0 N/A Mercyhurst College Ireland Dungarvan Enterprise Centre Parnell Street Dungarvan County Waterford EI X35 FX45 000510643 Advancement and Education EI Mercyhurst University C 10117 67381 1 1 Charitable Remainder Trust 706 Oak Drive Friendswood TX 775465545 Trust TX N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Mercyhurst College Ireland p 7230 Actual Cost of Educational Programs