2021-05-17T09:19:39-05:00 2020-06-30 390859910 BAKER TILLY US LLP 20 STANWIX STREET PITTSBURGH PA 15222 990 2019-07-01 251125048 LA ROCHE UNIVERSITY LARO 4123679300 9000 BABCOCK BOULEVARD PITTSBURGH PA 152375808 STEPHEN M LIPPIELLO VP FINANCE/CFO 4123679300 2021-05-15 1 BRIAN R LENART EA P00289136 4126976400 2021-05-11 X 2019 2022-09-23 18:48:47Z SISTER CANDACE INTROCASO 9000 BABCOCK BOULEVARD PITTSBURGH PA 152375808 48468449 0 X WWW.LAROCHE.EDU X 1963 PA A CATHOLIC, LIBERAL ARTS BASED INSTITUTION OF HIGHER LEARNING. 26 25 702 10 0 0 1923119 4409281 40248954 38855253 284367 185295 1048901 934091 43505341 44383920 14495963 14174023 0 0 17004120 16894757 48000 36000 723410 13934663 13394277 45482746 44499057 -1977405 -115137 35316324 40280342 22924518 27938400 12391806 12341942 X LA ROCHE UNIVERSITY, A CATHOLIC INSTITUTION OF HIGHER LEARNING, FOUNDED AND SPONSORED BY THE CONGREGATION OF THE SISTERS OF DIVINE PROVIDENCE, FOSTERS GLOBAL CITIZENSHIP AND CREATES A COMMUNITY OF SCHOLARS FROM THE REGION, THE NATION AND AROUND THE WORLD. THE UNIVERSITY INTEGRATES LIBERAL ARTS AND PROFESSIONAL EDUCATION IN CREATIVE WAYS, EMPOWERING ALL MEMBERS OF OUR COMMUNITY TO BECOME LIFELONG LEARNERS, ACHIEVE SUCCESS IN THEIR CHOSEN CAREERS AND PROMOTE JUSTICE AND PEACE IN A CONSTANTLY CHANGING GLOBAL SOCIETY. 0 0 36318566 14174023 38855253 LA ROCHE HONORS THE TRADITIONS AND VALUES OF THE CHARISM OF THE SISTERS OF DIVINE PROVIDENCE BY CONTINUALLY STRIVING TO BE THE "BEST FOR THE WORLD AND BRING LIGHT TO EVERY SITUATION WE ENCOUNTER. LA ROCHE SEEKS TO MAKE EDUCATION TRULY ACCESSIBLE TO STUDENTS FROM ALL OVER THE WORLD AND PREPARE ALL STUDENTS TO BE SOCIALLY RESPONSIBLE GLOBAL CITIZENS. THROUGH UNMATCHED CURRICULAR AND CO-CURRICULAR OPPORTUNITIES, LA ROCHE INTENDS TO BE THE STUDENT-CENTERED HIGHER EDUCATION INSTITUTION OF CHOICE IN THE PITTSBURGH REGION. STUDENTS WILL RECEIVE A STRONG LIBERAL ARTS EDUCATION GROUNDED IN THE CATHOLIC TRADITION, WHILE ALSO DEVELOPING CAREER READY SKILLSETS THROUGH A MYRIAD OF APPLIED-LEARNING OPPORTUNITIES. LA ROCHE WILL BECOME PITTSBURGH'S NEWEST UNIVERSITY, ONE THAT OFFERS ITS STUDENTS TRANSFORMATIVE EXPERIENCES WITHIN A SAFE, CARING, AND INCLUSIVE COMMUNITY. QUALITY EDUCATION:LA ROCHE UNIVERSITY OFFERS ITS STUDENTS A HIGH VALUE EDUCATION WHICH BALANCES THE REALITY OF CAREER PREPARATION WITH THE ESSENTIALS OF A CLASSICAL LIBERAL ARTS CURRICULUM. THE CURRICULUM IS CHARACTERIZED BY A STRONG GLOBAL PERSPECTIVE, INTERDISCIPLINARY COURSES, AND SIGNATURE UNDERGRADUATE AND GRADUATE PROFESSIONAL PROGRAMS. THE FACULTY IS DIVERSE AND POSSESSES BOTH ACADEMIC AND PROFESSIONAL CREDENTIALS. IN KEEPING WITH THE GLOBAL COMPASS OF ITS MISSION, THE UNIVERSITY RECRUITS STUDENTS FROM BOTH ITS TRADITIONAL HOME BASE IN WESTERN PENNSYLVANIA, NUMEROUS OTHER STATES, AND MANY FOREIGN COUNTRIES. THE UNIVERSITY STRIVES TO ENROLL ACADEMICALLY SUPERIOR STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, RACIAL, AND SOCIOECONOMIC BACKGROUNDS AND ENSURES THAT STUDENTS WITH LESSER PREPARATION ARE FURNISHED THE ASSISTANCE THEY NEED TO ENABLE THEM TO ACHIEVE ACADEMIC AND CAREER SUCCESS.LA ROCHE UNIVERSITY HAS AN ACADEMIC CULTURE THAT EMPHASIZES OUTCOMES BASED ASSESSMENT OF STUDENT ACHIEVEMENT. THE MORAL COMPONENT OF EDUCATION IS EMPHASIZED AND AN UNDERSTANDING OF THE CATHOLIC TRADITION AND OTHER RELIGIOUS TRADITIONS IS AVAILABLE TO THOSE STUDENTS WHO WISH TO EXPLORE THEIR FAITH IN AN ACADEMIC ENVIRONMENT.MISSION AND IDENTITY:LA ROCHE OFFERS HIGH-QUALITY EDUCATIONAL OPPORTUNITIES THAT REFLECT ITS CATHOLIC HERITAGE AND THE MISSION OF ITS FOUNDING AND SPONSORING CONGREGATION, THE CONGREGATION OF DIVINE PROVIDENCE, TO "CO-CREATE A WORLD OF COMPASSION, JUSTICE AND PEACE". THAT COMMITMENT TO PEACE AND JUSTICE PERMEATES ALL ASPECTS OF THE UNIVERSITY - SPIRITUAL, ACADEMIC, SOCIAL, INTERCULTURAL, AND COMMUNITY SERVICE. THAT COMMITMENT IS REFLECTED IN THE UNIVERSITY'S GLOBAL FOCUS, WHICH PROVIDES THE ENTIRE LA ROCHE COMMUNITY WITH THE OPPORTUNITY TO REACH ACROSS THE POLITICAL, CULTURAL, AND ECONOMIC DIVIDES AND WORK TOWARD BECOMING A TRUE GLOBAL COMMUNITY. STUDENT SUCCESS:THE SUCCESS OF OUR STUDENTS IS OF PARAMOUNT IMPORTANCE IN ALL THAT WE DO AT THE UNIVERSITY. WE ARE COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHICH IS CONDUCIVE TO ACADEMIC ACHIEVEMENT, ENHANCED BY AN OVERALL CAMPUS ENVIRONMENT THAT CONTRIBUTES TO THE MENTAL, PHYSICAL, SPIRITUAL AND EMOTIONAL DEVELOPMENT OF OUR STUDENTS. ALL THIS IS ACCOMPLISHED NOT ONLY THROUGH THE PROVISION OF APPROPRIATE RESOURCES, BUT ALSO THROUGH THE EXAMPLE AND CARING INTERACTION OF THE FACULTY, STAFF AND ADMINISTRATION, BOTH INSIDE AND OUTSIDE OF THE CLASSROOM.THE UNIVERSITY'S MISSION EMBODIES THE KEY ELEMENTS OF STUDENT SUCCESS. ONE IS THE ABILITY OF STUDENTS TO BECOME ACCOMPLISHED PRACTITIONERS IN THEIR CHOSEN FIELDS WHO ARE IMBUED WITH A LIFELONG THIRST FOR KNOWLEDGE. ANOTHER IS THE ABILITY FOR STUDENTS TO TRULY VIEW THEMSELVES AS CITIZENS OF A GLOBAL SOCIETY. FINALLY, STUDENT SUCCESS IS SEEN IN THE WOMEN AND MEN OF ALL AGES, FAITHS, NATIONALITIES AND BACKGROUNDS WHO, AFTER THEIR TIME AT THE UNIVERSITY, GO FORTH INTO THE WORLD SUFFUSED WITH A DESIRE TO PROMOTE PEACE AND JUSTICE WHEREVER THEY GO, AND WHO, IN SO DOING, CONTINUE TO DEMONSTRATE THAT LA ROCHE UNIVERSITY IS PREPARING STUDENTS WHO TRULY ARE THE BEST FOR THE WORLD.STEWARDSHIP OF RESOURCES:ADEQUATE RESOURCES ARE VITAL TO THE SUCCESS OF LA ROCHE UNIVERSITY. WE ARE COMMITTED TO UTILIZATION OF AVAILABLE RESOURCES IN A MANNER THAT ACHIEVES MAXIMUM EFFECTIVENESS FOR THE UNIVERSITY, ENSURING THE WISE AND EFFICIENT USE OF OUR RESOURCES WHILE RESPECTING THE LARGER ENVIRONMENT THROUGH SUSTAINABILITY.LA ROCHE'S INITIATIVES CLUSTER UNDER FOUR STRATEGIC THEMES DEFINED AS FOLLOWS:- ACADEMIC QUALITY AND DISTINCTION - LA ROCHE WILL BE A GROWING INSTITUTION OF DISTINCTION. WE WILL BE KNOWN FOR OUR ACADEMIC PROGRAMS, OUR FAR-REACHING INFLUENCES, THE QUALITY OF OUR FACULTY, AND THE ACADEMIC DEVELOPMENT OF OUR STUDENTS. THE GROWTH AND DEVELOPMENT OF THE FACULTY AND THE NEW PROGRAMS LA ROCHE DEVELOPS TO EDUCATE WELL-ROUNDED AND WORKFORCE-READY STUDENTS WILL WORK TO ENHANCE AND BROADEN OUR REPUTATION. - GLOBAL IDENTITY - BUILDING ON THE WORK ALREADY BEGUN, LA ROCHE UNIVERSITY WILL BE KNOWN FOR THE IMPACT IT HAS ON THE WORLD. STUDENTS AND FACULTY WILL HAVE AN UNMATCHED OPPORTUNITY FOR MULTICULTURAL EXPERIENCES BOTH ON CAMPUS AND ABROAD. OUR GRADUATES WILL ENTER THE WORLD WITH AN APPRECIATION OF JUSTICE, PEACE, AND GLOBAL CITIZENSHIP FOUNDATIONAL VALUES OF THE DIVINE PROVIDENCE CHARISM. - TRANSFORMATIVE EXPERIENCES - LA ROCHE UNIVERSITY WILL BE A COMMUNITY THAT TRANSFORMS STUDENTS AND PREPARES THEM FOR LIFE AFTER UNIVERSITY. STUDENTS OF ALL BACKGROUNDS WILL EXPERIENCE A WELCOMING ENVIRONMENT CONSISTENT WITH OUR FOUNDATIONAL VALUES. STUDENTS WILL BE ENCOURAGED, ENRICHED, AND ENGAGED IN AND OUT OF THE CLASSROOM. GRADUATION RATES AND RETENTION RATES WILL INCREASE AND STUDENTS WILL LEAVE LA ROCHE AS TRANSFORMED INDIVIDUALS AND AS COMMITTED ALUMNI.- STRATEGIC AND MANAGED GROWTH - LA ROCHE UNIVERSITY WILL BE A LARGER CAMPUS SERVING DIVERSE STUDENTS AND THE WORLD. UTILIZING TECHNOLOGY AND RECOGNIZING CHANGING DEMOGRAPHICS OF UNIVERSITY LEARNERS WILL BE CRITICAL TO ENSURING THE GROWTH OF THE UNIVERSITY. RESOURCES FOR THE UNIVERSITY WILL BE ENHANCED THROUGH ENROLLMENT GROWTH, FUNDRAISING, AND THE DEVELOPMENT OF FACILITIES. 36318566 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 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 2554 0 1 702 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X STEPHEN M LIPPIELLO VP FINANCECFO 4125361047 9000 BABCOCK BOULEVARD PITTSBURGH PA 152375808 SISTER CANDACE INTROCASO CDP PHD PRESIDENT 40.00 1.00 X X 247984 0 22032 HOWARD J ISHIYAMA PHD PROVOST, SR VP ACAD AFFAIRS 40.00 1.00 X 141898 0 10379 MICHAEL W ANDREOLA VP UNIV ADV (UNTIL 5/20) 40.00 1.00 X 132218 0 18509 ROBERT A VOGEL VP FINANCE/CFO (UNTIL 11/19) 40.00 1.00 X 127652 0 18791 JAMES E WEISGERBER PHD VP ENROLLMENT MANAGEMENT 40.00 1.00 X 123236 0 16597 COLLEEN C RUEFLE VP STUDENT LIFE/DEAN 40.00 1.00 X 124656 0 9106 SHEILA K MUELLER PROFESSOR 40.00 0.00 X 119004 0 13003 ROSEMARY D MCCARTHY PROFESSOR 40.00 0.00 X 111492 0 12477 JEAN C FORTI PROFESSOR 40.00 0.00 X 104588 0 11994 STEPHEN M LIPPIELLO VP FOR FIN/ADMIN, CFO 40.00 1.00 X 28846 0 101 BRADLEY J FRANC ESQ CHAIR 5.00 1.00 X X 0 0 0 ERNESTINE HARRIS VICE-CHAIR 5.00 1.00 X X 0 0 0 KATHY KOZDEMBA SECRETARY 5.00 1.00 X X 0 0 0 KATHRYN A JOLLEY TRUSTEE 5.00 1.00 X 0 0 0 GODFREY BIRAVANGA CPA MBA TRUSTEE 5.00 1.00 X 0 0 0 AMR M ELRIFAI MD MPH TRUSTEE 5.00 1.00 X 0 0 0 JAMES F GETZ JR TRUSTEE 5.00 1.00 X 0 0 0 DIONE L GRASWICK TRUSTEE 5.00 1.00 X 0 0 0 WILLIAM F GRUBER TRUSTEE 5.00 1.00 X 0 0 0 SISTER JOAN MARIE HARPER CDP TRUSTEE 5.00 1.00 X 0 0 0 SUSAN E HOOLAHAN TRUSTEE 5.00 1.00 X 0 0 0 ROBERT J HOWARD TRUSTEE 5.00 1.00 X 0 0 0 MICHAEL D KENITZ TRUSTEE 5.00 1.00 X 0 0 0 ROSE MARIE MANLEY CTP TRUSTEE 5.00 1.00 X 0 0 0 SISTER MARY MICHAEL MCCULLA CDP TRUSTEE 5.00 1.00 X 0 0 0 MICHAEL A MLINAC TRUSTEE 5.00 1.00 X 0 0 0 JOHN EDWARD NAPOLITANO TRUSTEE 5.00 1.00 X 0 0 0 SISTER LISA PAFFRATH CDP TRUSTEE 5.00 1.00 X 0 0 0 ROB ROBINSON PHD TRUSTEE 5.00 1.00 X 0 0 0 GREGORY K SIMAKAS CIMA TRUSTEE 5.00 1.00 X 0 0 0 CRAIG A TILLOTSON TRUSTEE 5.00 1.00 X 0 0 0 NICHOLAS D VARISCHETTI ESQ TRUSTEE 5.00 1.00 X 0 0 0 SISTER INESITA VELEZ NEGRON CDP TRUSTEE 5.00 1.00 X 0 0 0 MARY ELIZABETH ALBAUGH TRUSTEE 5.00 1.00 X 0 0 0 LYLE D ALBAUGH TRUSTEE 5.00 1.00 X 0 0 0 1261574 0 132989 9 0 1 0 AIMS GROUP INC 31805 W EIGHT MILE ROAD LIVONIA MI 48152 CONSTRUCTION 5317825 SAGE DINING SERVICES INC 1402 YORK RD STE 100 LUTHERVILLE MD 21093 FOOD AND DINING 1893458 AM-GARD INC 600 MAIN STREET PITTSBURGH PA 15215 SECURITY 228211 JENZABER PO BOX 55018 BOSTON MA 02205 SOFTWARE 194138 EBSCO INFORMATION SERVICES PO BOX 204661 DALLAS TX 75320 LIBRARY 167944 5 53655 3093758 1261868 178450 4409281 TUITION AND FEES 611600 33916982 33916982 RESIDENCE HALL REVENUE 611600 4629024 4629024 OTHER AUXILIARY SERVICE 611600 177221 177221 DINING SERVICE REVENUE 611600 121307 121307 BOOKSTORE REVENUE 611600 10719 10719 38855253 168533 168533 458644 0 458644 458644 458644 4046696 15660 4044362 1232 2334 14428 16762 16762 25815 53655 38935 -13120 -13120 CDP SERVICES 900099 224049 224049 CONFERENCES 900099 86172 86172 SPECIAL PROGRAMS 900099 24575 24575 153771 153771 488567 44383920 38855253 0 1119386 14174023 14174023 1119842 1119842 12593008 10537745 1511060 544203 601964 428219 147239 26506 1642380 875830 695321 71229 937563 609330 290516 37717 130668 130668 69560 69560 36000 36000 24695 24695 2237605 748325 1489280 686549 220094 466455 703888 225653 478235 297277 95301 201976 2002699 1774296 228403 604868 579784 25084 1530532 1506454 24078 2993263 2894022 99241 243425 38099 205326 FOOD SERVICE 655471 655471 0 0 BAD DEBT 344056 0 344056 0 EDUCATIONAL SUPPLIES 309085 309085 0 0 CARES HEERF 300875 300875 0 0 259761 121037 130969 7755 44499057 36318566 7457081 723410 1750 1750 2449432 3276905 492085 605859 930634 1517951 957682 738883 199801 207854 75405142 47606307 24209531 27798835 6013498 6075815 54913 49492 6998 6998 35316324 40280342 2301000 1429555 591307 1213875 15408173 17980566 3910512 5126421 0 1597042 713526 590941 22924518 27938400 X 7034423 7015737 5357383 5326205 12391806 12341942 35316324 40280342 -115137 65273 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 6068411 49925 205375 198404 6125307 5917354 60693 311737 221373 6068411 6826457 44398 278511 1051977 180035 5917354 6311243 49901 635183 169870 6826457 6142884 227318 88241 147200 6311243 0.46710 0.53290 0 0 457938 457938 56462789 35068138 21394651 4687063 2275052 2412011 11118459 7983274 3135185 2678893 2279843 399050 27798835 STUDENT DEPOSITS 295044 U.S. GOVERNMENT GRANTS REFUNDABLE 295897 590941 X 30274982 65273 -14198718 -14133445 44408427 -24507 -24507 44383920 30324846 24507 24507 30300339 14198718 14198718 44499057 PART III, LINE 4: THE ORGANIZATION'S COLLECTION IS LIMITED TO, AND CONSISTS PRIMARILY OF, RELIGIOUS ARTWORK IN SUPPORT OF OUR CATHOLIC IDENTITY. 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. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID NETTED TO REVENUES ON FINANCIALS -14,174,023. INVESTMENT MANAGEMENT FEES NETTED ON FINANCIALS -24,695. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -38,935. SALE OF FIXED ASSETS 14,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 38,935. SALE OF FIXED ASSETS -14,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED TO REVENUES ON FINANCIALS 14,174,023. INVESTMENT MANAGEMENT FEES NETTED ON FINANCIALS 24,695. PART V, THE ENDOWMENT ACTIVITY FOR THE FISCAL YEAR ENDED 6/30/2020 HAS BEEN UPDATED PER THE AUDITED FINANCIAL STATEMENTS TO INCLUDE AN INCREASE TO INVESTMENT EARNINGS AND LOSSES OF $205,375 AND ADMINISTRATIVE EXPENSES OF $198,404. 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 ADMITS QUALIFIED STUDENTS OF ANY SEX, RACE, COLOR, HANDICAP, RELIGION, NATIONAL AND ETHNIC ORIGIN, VETERAN STATUS AND SEXUAL ORIENTATION TO ALL THE RIGHTS, PRIVILEGES, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE UNIVERSITY. LA ROCHE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAMS, ADMISSION POLICIES AND PROCESSES, EMPLOYMENT PRACTICES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC AND OTHER UNIVERSITY-ADMINISTERED PROGRAMS. LA ROCHE UNIVERSITY'S NON-DISCRIMINATION POLICY IS ADMINISTERED IN ACCORDANCE WITH TITLE IX OF THE 1972 EDUCATIONAL AMENDMENTS AND ALL OTHER APPLICABLE FEDERAL AND PENNSYLVANIA STATUTES. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT FROM THE STATE OF PENNSYLVANIA ANNUALLY AND HAS RECEIVED FEDERAL AND STATE GRANTS OCCASIONALLY IN SUPPORT OF CONSTRUCTION PROJECTS AND ACADEMIC PROGRAMS. X X X X X X X 1 DTI DEVELOPMENT PO BOX 33 PITTSBURGH PA 15230 STATE PROPOSAL SUBMISSION 0 1348993 36000 1312993 1348993 36000 1312993 PA GOLF OUTING 67915 53655 14260 14260 10484 7097 DESIGN DIALOGUE 11555 11555 1750 1334 4010 79470 53655 25815 16010 11818 11107 38935 -13120 1 FINANCIAL AID 1336 244880 13929143 FAIR MARKET VALUE FINANCIAL AID PART I, LINE 2: THE UNIVERSITY AWARDS FINANCIAL AID PRIMARILY BASED UPON ACADEMIC MERIT. THE FUNDS ARE AWARDED VIA ADHERENCE TO A MATRIX WHICH DETERMINES THE AMOUNTS BASED UPON GRADE POINT AVERAGE AND SAT SCORES. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 SISTER CANDACE INTROCASO CDP PHD PRESIDENT 247984 0 0 0 0 0 17359 0 4673 0 270016 0 0 0 HOWARD J ISHIYAMA PHD PROVOST, SR VP ACAD AFFAIRS 141898 0 0 0 0 0 9933 0 446 0 152277 0 0 0 MICHAEL W ANDREOLA VP UNIV ADV (UNTIL 5/20) 132218 0 0 0 0 0 9255 0 9254 0 150727 0 0 0 PART I, LINE 1A THE UNIVERSITY'S PRESIDENT, SISTER CANDACE INTROCASO, IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AND THE UNIVERSITY SATISFIES COSTS OF CLEANING. THE UNIVERSITY ALSO SATISFIES SOCIAL CLUB DUES IN HER NAME. THE PRESIDENT IS A MEMBER OF A RELIGIOUS ORDER AND IS NOT SUBJECT TO INCOME TAXES. THE ANNUAL VALUE OF HER HOME IS $30,345. THIS INCLUDES A MORTGAGE PAYMENT BASED UPON THE ORIGINAL COSTS INCURRED DURING CLOSING WITH A 30 YR. MORTGAGE AND A RATE OF 5.5%, AND COST OF INSURANCE COVERAGE. THIS DOES NOT INCLUDE PROPERTY TAXES AS THE OWNER (LA ROCHE UNIVERSITY) IS TAX-EXEMPT. THERE IS NO ESTIMATE OF UTILITY COSTS/ REPAIRS/ CLEANING AND LAWN SERVICE INCLUDED WHICH IS ALSO PAID BY THE UNIVERSITY. THE ANNUAL VALUE OF HER LEASED VEHICLE IS $7,555. THIS DOES NOT INCLUDE GASOLINE NOR ANY RELATED MAINTENANCE/ REPAIRS. A MCCANDLESS INDUSTRIAL DEVELOPMENT AUTHORITY 251349346 2014-03-31 9878033 REFUND PRIOR ISSUE 0 0 0 B MOON INDUSTRIAL DEVELOPMENT AUTHORITY 251398575 2014-03-31 9065987 REFUND PRIOR ISSUE 0 0 0 C MCCANDLESS INDUSTRIAL DEVELOPMENT AUTHORITY 251349346 2019-06-04 8000000 SEE PART VI 0 0 0 A 3399155 9878033 98598 9779435 2014 1 0 1 1 B 3119720 9065987 93171 9065987 2014 1 0 1 1 C 243146 5692051 81847 5610204 1 0 0 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 1 0 0 0 0 1 B 1 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: MCCANDLESS INDUSTRIAL DEVELOPMENT AUTHORITY (F) DESCRIPTION OF PURPOSE: THE SERIES A BONDS OF 2019 ($6M) ARE TO BE USED FOR PURCHASE AND CONSTRUCTION OF PROPERTY, PLANT, AND EQUIPMENT. THE SERIES B BONDS OF 2019 ($2M) ARE TO BE USED FOR ISSUANCE COSTS AND TO CURRENTLY REFUND A PORTION OF THE 2014 SERIES BONDS. SCHEDULE K, PART II, LINE 3, PROCEEDS OF ISSUE: ISSUE C: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND PROCEEDS OF ISSUE REPRESENTS THE AMOUNT OF BONDS THAT HAVE NOT BEEN DRAWN DOWN BY THE UNIVERSITY AS OF 6/30/2020. SUSAN HOOLAHAN HEALTH AND WORKERS COMP INSURANCE PROVIDER 1412561 INSURANCE PAYMENTS 0 MICHAEL KENITZ INSURANCE PLANS BROKER 183108 INSURANCE PAYMENTS 0 X 9 178450 MARKET VALUE 0 1 1 PART I, COLUMN (B): THE AMOUNT LISTED REPRESENTS THE NUMBER OF CONTRIBUTORS PART I, LINE 32B: LA ROCHE UNIVERSITY USES FRAGASSO FINANCIAL ADVISORS TO SELL THE NON-CASH STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE UNIVERSITY EXCEPT THAT UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD, AWARD DEGREES, ALTER BYLAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR UNIVERSITY PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE UNIVERSITY, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD OR EXERCISE SUCH POWERS AS CANNOT BE DELEGATED BY APPLICABLE LAW. ALL EXECUTIVE COMMITTEE MEMBERS ARE MEMBERS OF THE BOARD OF TRUSTEES AND INCLUDE THE CHAIR, THE VICE CHAIR, THE CHAIR OF THE FINANCE COMMITTEE, THE CHAIR OF THE HUMAN RESOURCE COMMITTEE, THE CHAIR OF TRUSTEES COMMITTEE, THE CDP PROVINCIAL DIRECTOR, THE PRESIDENT AND A TRUSTEE AT-LARGE. FORM 990, PART VI, SECTION A, LINE 2 LYLE AND MARY ELIZABETH ALBAUGH ARE HUSBAND AND WIFE AND ARE BOTH MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE PROVINCIAL COUNCIL OF THE SISTERS OF DIVINE PROVIDENCE HAVE RESERVED POWERS, E.G., TO ACCEPT OR REJECT A PRESIDENTIAL NOMINEE, APPROVE SALE OR DISTRIBUTION OF ASSETS, ETC. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED INITIALLY BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER AND IS THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. AN ELECTRONIC COPY OF THE RETURN IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY TO THE BOARD/GENERAL COUNSEL ANNUALLY COMPILES, MAINTAINS, AND SCREENS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS, INCLUDING BOARD MEMBERS AND KEY EMPLOYEES FOR POSSIBLE CONFLICTS OF INTEREST. THE UNIVERSITY TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION IF A PERSON WHO IS COVERED BY THE CONFLICT OF INTEREST POLICY FAILS TO DISCLOSE AN ACUTAL OR POSSIBLE CONFLICT OF INTEREST. NO PERSON VOTES ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH PERSON HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE PERSON HAVING A CONFLICT ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL REVIEW OF THE PRESIDENT, WHICH INCLUDES AN EVALUATION OF THE PRESIDENT'S COMPENSATION. CONSIDERATION IS GIVEN TO COMPENSATION LEVELS PROVIDED TO PRESIDENTS AT PEER INSTITUTIONS. DURING THE 2015 FISCAL YEAR, THE UNIVERSITY INTRODUCED A COMPENSATION PROGRAM WHICH CLASSIFIED EACH POSITION INTO A PAY GRADE AND COMPARED EACH PAY GRADE TO PEER INSTITUTIONS. A BENCHMARK HAS BEEN ESTABLISHED TO ASSESS EACH EMPLOYEE'S COMPENSATION IN FUTURE PERIODS. FORM 990, PART VI, SECTION C, LINE 19 ALL RELEVANT DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. PACEM IN TERRIS INSTITUTE 9000 BABCOCK BOULEVARD PITTSBURGH PA 15237 251733322 PROVIDE STUDENT AID FOR HIGHER LEARNING PA 501(C)(3) LINE 12A, I N/A 0 CONGREGATION OF DIVINE PROVIDENCE 9000 BABCOCK BOULEVARD PITTSBURGH PA 15237 250965565 PROVIDE STUDENT AID FOR HIGHER LEARNING PA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 0