2021-03-12T11:55:24-06:00 2020-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 MARK VAN ETTEN VP, FINANCE AND ADMIN/TREAS. 5706746400 2021-03-04 1 KERRI N BOGDA CPA P00760402 7177404863 2019 2022-09-23 18:48:47Z KATHLEEN OWENS PHD 301 LAKE STREET DALLAS PA 186121090 116440743 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 29 27 1415 27 148826 0 6859912 4115442 83431843 83947278 9063907 1159452 695106 578689 100050768 89800861 29345182 29402489 0 0 38202408 38314313 12919 17231 1379280 21391299 20447606 88951808 88181639 11098960 1619222 204504007 208480483 64221586 66240277 140282421 142240206 X MISERICORDIA UNIVERSITY, A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY, FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME.VALUES STATEMENT: SISTERS OF MERCY AS THE FOUNDATION COMMUNITY, WE ARE COMMITTED TO INTEGRITY AND THE VALUES OF THE SISTERS OF MERCY AND THE FOUNDATION OF UNIVERSITY LIFE. OUR VALUES ARE: MERCY THROUGH COMPASSION, LOVE AND CARING; SERVICE THROUGH SELFLESSNESS, SACRIFICE AND ACTION; JUSTICE THROUGH FAIRNESS, ACCEPTANCE AND ADVOCACY; HOSPITALITY WITH DIGNITY, RESPECT AND OPENNESS. 0 0 78791423 29402489 84258763 MISERICORDIA UNIVERSITY IS A CATHOLIC LIBERAL ARTS INSTITUTION ESTABLISHED IN THE TRADITION OF THE SISTERS OF MERCY IN 1924. THE UNIVERSITY FOSTERS INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND RESPECT FOR PERSONS IN AN ENVIRONMENT WHERE ALL ARE WELCOME. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMPUTER SCIENCE, ENGLISH, GOVERNMENT, LAW AND NATIONAL SECURITY, HISTORY, MATHEMATICS, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY, PSYCHOLOGY, AND STATISTICS AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. DUAL CREDENTIALS ARE AVAILABLE IN HISTORY/MBA, HISTORY/ORGANIZATIONAL MANAGEMENT, PHILOSOPHY/ORGANIZATIONAL MANAGEMENT AND PSYCHOLOGY/ORGANIZATIONAL MANAGEMENT. SPECIALIZATIONS IN PRE-LAW (ENGLISH, HISTORY, MEDICAL AND HEALTH HUMANITIES, PHILOSOPHY), PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY), PRE-DPT (BIOCHEMISTRY, BIOLOGY, MEDICAL AND HEALTH HUMANITIES), SECONDARY EDUCATION CERTIFICATION (BIOLOGY, CHEMISTRY, ENGLISH, MATHEMATICS), AND CITIZENSHIP CERTIFICATION IN HISTORY.THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS MAJOR DEGREE PROGRAMS IN DIAGNOSTIC MEDICAL SONOGRAPHY, EARLY CHILDHOOD & SPECIAL EDUCATION, HEALTH SCIENCE, MEDICAL IMAGING, MIDDLE LEVEL EDUCATION, NURSING BSN, RN-BSN, OCCUPATIONAL SCIENCE, SECONDARY EDUCATION AND SOCIAL WORK, AS WELL AS MINOR DEGREE PROGRAMS IN ADDICTIONS COUNSELING, GERONTOLOGY AND PATIENT NAVIGATION. POST-CERTIFICATION IS AVAILABLE IN DIAGNOSTIC MEDICAL SONOGRAPHY. CERTIFICATION PROGRAMS ARE AVAILABLE IN ADDICTIONS COUNSELING, AUTISM SPECTRUM DISORDERS, DIAGNOSTIC MEDICAL SONOGRAPHY, GERIATRIC CARE MANAGER, HEALTH ANALYTICS, POST MASTERS NURSING, PATIENT NAVIGATION AND READING SPECIALIST. THE COLLEGE OF HEALTH SCIENCES & EDUCATION OFFERS DUAL CREDENTIALS IN HEALTH SCIENCE/SPEECH PATHOLOGY, MEDICAL IMAGING/DIAGNOSTIC MEDICAL SONOGRAPHY, MEDICAL IMAGING/ORGANIZATIONAL MANAGEMENT AND NURSING DNP/BSN TO DNP, AS WELL AS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN ADULT-GERONTOLOGIC PRIMARY CARE NURSE PRACTITIONER, EDUCATION, HEALTHCARE ANALYTICS, NURSING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES, AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, NURSING, AND NURSING EDUCATION. THE COLLEGE OF BUSINESS OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, BUSINESS ADMINISTRATION, HEALTH CARE MANAGEMENT, INFORMATION TECHNOLOGY, MASS COMMUNICATION AND DESIGN, PROFESSIONAL STUDIES, AND SPORTS MANAGEMENT ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATION IN PRE-DPT INCLUDES HEALTH CARE MANAGEMENT. GRADUATE PROGRAMS INCLUDE BUSINESS ADMINISTRATION AND ORGANIZATIONAL MANAGEMENT.MISERICORDIA UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE UNIVERSITY IS ALSO OFFICIALLY RECOGNIZED BY THE FOLLOWING ACCREDITING AGENCIES: ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS, COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION, COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ACCREDITATION COUNCIL FOR BUSINESS EDUCATION, PENNSYLVANIA DEPARTMENT OF EDUCATION, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. VARIOUS OTHER STATE EDUCATION DEPARTMENTS ALSO RECOGNIZE THE UNIVERSITY'S ACADEMIC PROGRAMS.THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION, AMERICAN PHYSICAL THERAPY ASSOCIATION. THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY, AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION.THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT (ARC-PA) IS THE ACCREDITING AGENCY THAT PROTECTS THE INTERESTS OF THE PUBLIC AND PA PROFESSION BY DEFINING THE STANDARDS FOR PA EDUCATION AND EVALUATING PA EDUCATIONAL PROGRAMS WITHIN THE TERRITORIAL UNITED STATES TO ENSURE THEIR COMPLIANCE WITH THOSE STANDARDS. THE FOLLOWING STATEMENT IS PROVIDED BY ARC-PA: "THE ARC-PA HAS GRANTED ACCREDITATION - PROVISIONAL STATUS TO THE MISERICORDIA UNIVERSITY PHYSICIAN ASSISTANT PROGRAM SPONSORED BY MISERICORDIA UNIVERSITY. ACCREDITATION-PROVISIONAL IS AN ACCREDITATION STATUS GRANTED WHEN THE PLANS AND RESOURCE ALLOCATION, IF FULLY IMPLEMENTED AS PLANNED, OF A PROPOSED PROGRAM THAT HAS NOT YET ENROLLED STUDENTS APPEAR TO DEMONSTRATE THE PROGRAM'S ABILITY TO MEET THE ARC-PA STANDARDS OR WHEN A PROGRAM HOLDING ACCREDITATION-PROVISIONAL STATUS APPEARS TO DEMONSTRATE CONTINUED PROGRESS IN COMPLYING WITH THE STANDARDS AS IT PREPARES FOR THE GRADUATION OF THE FIRST CLASS (COHORT) OF STUDENTS. ACCREDITATION-PROVISIONAL DOES NOT ENSURE ANY SUBSEQUENT ACCREDITATION STATUS. IT IS LIMITED TO NO MORE THAN FIVE YEARS FROM MATRICULATION OF THE FIRST CLASS.THE TOTAL HEADCOUNT FOR FALL 2019 INCLUDED 2,544 STUDENTS. 78791423 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 1 3657 0 1415 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 27 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD HROMISIN ASSOCIATE VICE PRESIDENT OF FINANCE 5706746400 301 LAKE STREET DALLAS PA 18612 THOMAS J BOTZMAN PHD PRESIDENT(RESIGNED EFF. 6/30/2020) 40.00 X 361317 0 61559 DAVID REHM VICE PRESIDENT 40.00 X 185711 0 42615 CHARLES RICHARDSON DEAN - COLLEGE OF BUSINESS 40.00 X 162859 0 45062 SUSAN HELWIG VP - UNIV ADVANCEMENT 40.00 X 175394 0 18559 MARK VAN ETTEN TREASURER 40.00 X 152919 0 39795 BARBARA SAMUEL SECRETARY 40.00 X 158410 0 22060 SUSAN BARKER PROFESSOR 40.00 X 135736 0 38173 GLEN TELLIS PROFESSOR 40.00 X 145149 0 12201 ELAINE HALESEY PROFESSOR 40.00 X 131980 0 21331 KATHLEEN OWENS PHD PRESIDENT(AS OF 7/1/20) 40.00 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER L BORTON TRUSTEE 0.20 X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 REVEREND MICHAEL BRYANT TRUSTEE 0.20 X 0 0 0 ALFRED CASALE MD TRUSTEE 0.20 X 0 0 0 CORNELIO CATENA TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS VICE-CHAIR 0.20 X X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 HARRIS CUTLER TRUSTEE (RET. 6/12/20) 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 HAROLD E FLACK II TRUSTEE (RET. 6/12/20) 0.20 X 0 0 0 MARY ELLEN FUHRMAN RSM TRUSTEE 0.20 X 0 0 0 CAROL ANN GALLAGHER RSM TRUSTEE 0.20 X 0 0 0 THE HON TINA POLACHEK GARTLEY TRUSTEE 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 PHILIP JOHNSON TRUSTEE 0.20 X 0 0 0 KRISTOPHER B JONES TRUSTEE (RET. 6/12/20) 0.20 X 0 0 0 BARBARA MACULLOCH TRUSTEE 0.20 X 0 0 0 MARJORIE MARQUART TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 MAUREEN METZ TRUSTEE 0.20 X 0 0 0 DANIEL MEUSER TRUSTEE (RET. 6/12/20) 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE 0.20 X 0 0 0 MARK J OBERSTAEDT ESQ TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI CHAIR 0.20 X X 0 0 0 SR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 LINDA THOMAS-HEMAK MD TRUSTEE 0.20 X 0 0 0 MARK VAN LOON ESQ TRUSTEE 0.20 X 0 0 0 PAUL WOELKERS TRUSTEE 0.20 X 0 0 0 THOMAS ZESK TRUSTEE 0.20 X 0 0 0 1609475 0 301355 27 0 1 0 SORDONI CONSTRUCTION SERVICE 45 OWEN STREET FORTY FORT PA 18704 CONSTRUCTION SERVICES 4429744 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 FOOD SERVICE 2910381 THE SLAM COLLABORATIVE 80 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 ENGINEERING/DESIGN SERVICES 957875 CISCO SYSTEMS CAPITAL CORP 170 W TASMAN DR SAN JOSE CA 95134 IT/NETWORKING SOLUTIONS 435994 MILLER FLOORING COLLABORATIVE 827 LINCOLN AVE SUITE 15 WEST CHESTER PA 19380 SPORTS FLOORING SURFACES 423025 27 29249 2025012 2061181 403218 4115442 STUDENT TUITION & FEES 611600 73116380 73116380 ROOM & BOARD 721310 10669908 10669908 GOVERNMENT ADMIN FEE 561000 112922 112922 BOOKSTORE 451211 48068 48068 83947278 2714214 2714214 237345 237345 18513 2980 15533 15533 15533 24829983 26622090 -1792107 -1792107 -1792107 13696 29249 14812 -1116 -1116 AUTISM LIFELONG LEARNING 611310 154376 154376 SUMMER CAMPS/CONFERENCES 611710 130457 57212 73245 OUTSIDE PRINTING REVENUE 561439 72932 72932 206507 147965 2649 55893 564272 89800861 84258763 148826 1277830 29327589 29327589 74900 74900 1099618 1099618 27881976 24596622 2553150 732204 4269083 3788108 343654 137321 1368055 1206856 117450 43749 3695581 3260128 317272 118181 132294 132294 83850 83850 60000 60000 17231 17231 188188 188188 2248419 1574130 556504 117785 525574 31248 493454 872 1654128 1327247 241990 84891 1745163 419607 1325556 2026029 1976891 48060 1078 732917 622782 57528 52607 263447 232646 27607 3194 2371873 2348311 23562 4929452 4775190 154262 490312 479090 11222 FOOD SERVICE 2336714 2246280 86209 4225 MEMBERSHIPS 345961 207078 136033 2850 JANITORIAL 107731 107731 ACADEMIC PGRM. REIMB. 50684 50684 154870 138305 13473 3092 88181639 78791423 8010936 1379280 163224 307291 37441838 24731158 7641459 5870107 1494997 1958109 277437 241248 117816 195090 186330810 74541036 94739900 111789774 54420587 55560323 2296033 2128032 5910716 5699351 204504007 208480483 5250981 8188119 3911804 3628442 52080317 51024540 2978484 3399176 64221586 66240277 X 98635637 101036624 41646784 41203582 140282421 142240206 204504007 208480483 X 1619222 1048782 -710219 X 0 1 X 1 1 1 X 9242741 5063599 6265054 6859912 4115442 31546748 9242741 5063599 6265054 6859912 4115442 31546748 5857077 25689671 886846 1232939 1823133 2820822 2970072 9733812 77145 74257 87600 80533 69589 389124 41669684 412476840 0.61650 0.61460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: STUDENT PARKING/FEES - 2015 AMOUNT: $ 77,145. 2016 AMOUNT: $ 74,257. 2017 AMOUNT: $ 75,395. 2018 AMOUNT: $ 65,730. 2019 AMOUNT: $ 55,893. NON-CHARITABLE FUNDRAISING RECEIPTS - 2017 AMOUNT: $ 12,205. 2018 AMOUNT: $ 14,803. 2019 AMOUNT: $ 13,696. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60000 60000 0 PART II-B, LINE 1: LONG NYQUIST & ASSOCIATES, LLC CONDUCTED LEGISLATIVE NETWORKING ON BEHALF OF THE UNIVERSITY IN ORDER TO INTRODUCE THE UNIVERSITY INTO THE DECISION MAKING PROCESS FOR AVAILABLE GRANTS. THEY ALSO RELAYED POTENTIAL GRANT INFORMATION BACK TO THE UNIVERSITY. 0 1396083 X 0 54694934 755799 501952 808878 174848 54968959 52521742 938515 2270380 897753 137950 54694934 49223679 796976 3648322 881251 265984 52521742 43549699 716080 5764768 633208 173660 49223679 44087111 1798376 -1608124 580710 146954 43549699 0.43000 0.47000 0.10000 1 0 1823773 1823773 120504394 46786310 73718084 16004755 6825916 9178839 23817907 20928810 2889097 24179981 24179981 111789774 STUDENT DEPOSITS & ADVANCES 501036 ANNUITIES PAYABLE 9860 ADVANCE FROM FED. GOVT-STUD. LOANS 2068818 ASSET RETIREMENT OBLIGATIONS 41713 ACCRUED PENSION COST 777749 3399176 X 62851448 1048782 -28015987 -26967205 89818653 -17792 -17792 89800861 60893663 17792 17792 60875871 27305768 27305768 88181639 PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF ARTWORK UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION ARE INTEGRAL PARTS OF THE FINE ARTS COLLECTION. PART V, LINE 4: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. 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. 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 WAS RECOGNIZED IN 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS -211,364. MINIMUM PENSION LIABILITY ADJUSTMENT -498,855. STUDENT SCHOLARSHIPS -27,117,580. INVESTMENT FEES -188,188. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -14,812. RENTAL EXPENSES -2,980. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 14,812. RENTAL EXPENSES 2,980. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 27,117,580. INVESTMENT EXPENSES 188,188. 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 236 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 2372 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 2016 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 1270 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES STUDY ABROAD - ADMIN 2618 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 30190 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEER ACTIVITIES 856 0 0 0 0 0 0 39558 0 39558 FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 7 74900 TUITION REDUCTION 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X X 1 SNAVELY ASSOCIATES 112 W FOSTER AVE 401 STATE COLLEGE PA 16804 CAPITAL CAMPAIGN CONSULTANT 0 0 17231 0 17231 PA MU GOLF TOURNAMENT 42945 29249 13696 1000 7780 5916 116 42945 29249 13696 1000 7780 5916 116 14812 -1116 1 STUDENT ACADEMIC SCHOLARSHIPS 1787 29327589 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH VARIOUS SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING. THE UNIVERSITY AWARDS THE GRANTS DIRECTLY TO OUTSTANDING BALANCES TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 THOMAS J BOTZMAN PHD PRESIDENT(RESIGNED EFF. 6/30/2020) 285776 0 69862 0 5679 0 36163 0 25396 0 422876 0 0 0 DAVID REHM VICE PRESIDENT 185711 0 0 0 0 0 17179 0 25436 0 228326 0 0 0 CHARLES RICHARDSON DEAN - COLLEGE OF BUSINESS 162859 0 0 0 0 0 14566 0 30496 0 207921 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT 175394 0 0 0 0 0 15786 0 2773 0 193953 0 0 0 MARK VAN ETTEN TREASURER 152919 0 0 0 0 0 14232 0 25563 0 192714 0 0 0 BARBARA SAMUEL SECRETARY 158410 0 0 0 0 0 11906 0 10154 0 180470 0 0 0 SUSAN BARKER PROFESSOR 135736 0 0 0 0 0 12007 0 26166 0 173909 0 0 0 GLEN TELLIS PROFESSOR 145149 0 0 0 0 0 11831 0 370 0 157350 0 0 0 ELAINE HALESEY PROFESSOR 131980 0 0 0 0 0 11805 0 9526 0 153311 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND THEIR FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND THEIR FAMILY WILL RESIDE IN THE HOME THROUGHOUT THEIR TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S EXECUTION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINE 4B THOMAS BOTZMAN, THE PRESIDENT, PARTICIPATES IN A NON-QUALIFIED PLAN. THE UNIVERSITY CONTRIBUTED $25,000 TO THE PLAN DURING THE FISCAL YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AM7 2014-09-02 29617498 FULLY REFUND 2010-2012 TERM LOANS AND PARTIALLY REFUND THE 2008 BOND ISSUE. 0 0 0 B DALLAS AREA MUNICIPAL AUTHORITY 231746641 235171AR6 2019-02-13 30248089 FULLY REFUND THE REMAINING 2008 BOND ISSUE AND FINANCE CAPITAL PROJECTS. 0 0 0 A 7445000 29617498 2447908 490045 26679602 2014 1 0 1 1 B 130000 30513952 2641417 505732 20426818 6595000 79560 2021 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DALLAS AREA MUNICIPAL AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/02/2019 SCHEDULE K, PART IV, LINE 4C: THE ORGANIZATION TERMINATED ITS HEDGE WHEN THE BOND ISSUE WAS REFINANCED IN SEPTEMBER 2014. SCHEDULE K, PART II, LINE 3: THE PROCEEDS INCLUDE INTEREST AND DIVIDENDS EARNED ON THE CONSTRUCTION FUND ACCOUNT. PER IRS INSTRUCTIONS NAMES ARE NOT PER IRS INSTRUCTIONS, INTERESTED PERSONS ARE NOT INDIVIDUALLY NAMED. 17435 TUITION ASSISTANCE EMPLOYEE BENEFITS MAUREEN METZ BOARD MEMBER 2426681 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. MAUREEN METZ IS THE EXECUTIVE VICE PRESIDENT OF METZ CULINARY MANAGEMENT AND ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ CULINARY MANAGEMENT ARE CONDUCTED AT ARM'S LENGTH. 0 JOHN C METZ FORMER BOARD MEMBER 2426681 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ CULINARY MANAGEMENT. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ CULINARY MANAGEMENT AND ALSO SERVED AS A BOARD MEMBER OF THE UNIVERSITY WITHIN THE LAST FIVE YEARS. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ CULINARY MANAGEMENT ARE CONDUCTED AT ARM'S LENGTH. 0 X 3 48218 NYSE X 1 305000 APPRAISAL X SCIENCE EQUIP. 1 50000 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: CORNELIO CATENA AND R. GREGORY COLLINS HAVE A BUSINESS RELATIONSHIP. PAUL WOELKERS AND MARY ERWINE HAVE A BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 IN SUMMER 2019 THE BOARD OF DIRECTORS OF THE CONFERENCE FOR MERCY HIGHER EDUCATION ("CMHE") ELECTED TO REMOVE CMHE FROM THE CORPORATE MEMBER ROLE WITHIN THE BYLAWS OF MERCY COLLEGES AND UNIVERSITIES. AS A RESULT, THE UNIVERSITY AMENDED ITS BYLAWS IN FALL 2020 TO REFLECT CMHE NO LONGER BEING THE SOLE MEMBER OF THE UNIVERSITY. THE UNIVERSITY WILL MAINTAIN AN AFFILIATION WITH CMHE AND CONTINUE TO BE SPONSORED BY THE SISTERS OF MERCY OF THE AMERICAS, A PUBLIC JURIDICAL PERSON OF THE ROMAN CATHOLIC CHURCH. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION, A COMPLETE COPY OF FORMS 990 AND 990-T ARE REVIEWED EXTENSIVELY BY THE UNIVERSITY'S FINANCIAL MANAGEMENT AREA IN CONSULTATION WITH THE UNIVERSITY'S INDEPENDENT TAX PROFESSIONALS. UPON COMPLETION OF THAT REVIEW PROCESS THE UNIVERSITY PROVIDES FORM 990 AND 990-T TO THE UNIVERSITY'S AUDIT COMMITTEE. THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD WHEN A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED BASED ON AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE UNIVERSITY'S GENERAL INSTITUTIONAL EMPLOYMENT POLICIES/EMPLOYEE BENEFITS POLICY MANUAL. AS A REQUIREMENT OF ITS PUBLIC DEBT RATING, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE POSTED ANNUALLY TO THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SITE OF THE MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") AT EMMA.MSRB.ORG. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -211,364. MINIMUM PENSION LIABILTY ADJUSTMENT -498,855. MU REAL ESTATE LLC 301 LAKE STREET DALLAS PA 18612 813351641 REAL ESTATE HOLDING COMPANY PA 0 403 MISERICORDIA UNIVERSITY CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 SUPPORT OF CATHOLIC HIGHER ED MD 501(C)(3) LINE 1 N/A 0 PERPETUAL TRUST (1) INVESTMENTS PA PNC BANK T 0 PERPETUAL TRUST (1) INVESTMENTS PA BNY MELLON WEALTH MGT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0