2021-11-10T18:00:54-06:00 2021-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2020-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 MICHAEL BUCKMAN VP FOR BUSINESS AND FINANCE 7244582000 2021-10-28 1 MICHAEL BUCKMAN 999009999 RICHARD E DYNOSKE P00095538 4123389300 2021-10-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 163835640 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION. 35 35 1643 100 239900 0 18323543 13717159 60250217 63477290 4577332 4757065 834681 1306227 83985773 83257741 8536385 10076404 0 0 39992622 39919686 26185 13002 2121357 30549537 34013198 79104729 84022290 4881044 -764549 326477636 365541622 25229078 24057829 301248558 341483793 A SCHOOL OF HIGHER EDUCATION. 0 0 43618806 10059738 42171781 ACADEMIC INSTRUCTION 6643515 16666 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER 18440642 21305509 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 68702963 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 2958 0 1 1643 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO KY ME MD MA MI NH NY OH OK OR SC WA X MICHELLE WILLIAMS 7244582216 100 CAMPUS DRIVE GROVE CITY PA 16127 ALICE MORRE BATCHELDER ESQ TRUSTEE 0.50 X 0 0 0 EDWARD D BREEN TRUSTEE 0.50 X 0 0 0 ELIZABETH BULETTE EDD TRUSTEE 0.50 X 0 0 0 JOHN CALHOUN TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR TRUSTEE 0.50 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 0.50 X 0 0 0 DAVID FORNEY TRUSTEE 0.50 X 0 0 0 PHILIP GASIEWICZ TRUSTEE 2.00 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 CRAIG W JONES TRUSTEE 0.50 X 0 0 0 ROBB JONES ESQ TRUSTEE 1.00 X 0 0 0 JODY LYNNE MATHIE MD TRUSTEE 0.50 X 0 0 0 ANNE M MCCLELLAND TRUSTEE 0.50 X 0 0 0 GLEN MEAKEM TRUSTEE 0.50 X 0 0 0 WILLIAM A MEHAFFEY TRUSTEE 0.50 X 0 0 0 RONALD H MILLER TRUSTEE 1.00 X 0 0 0 DOUGLAS MUETZEL TRUSTEE 0.50 X 0 0 0 DAWN M OWENS TRUSTEE 0.50 X 0 0 0 RALEIGH PETERS TRUSTEE 0.50 X 0 0 0 DAVID PORTER ESQ TRUSTEE 1.00 X 0 0 0 DAN SANDMAN TRUSTEE 0.50 X 0 0 0 JOHN A SCHWAB ESQ TRUSTEE 0.50 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 WILLIAM STEWART TRUSTEE 0.50 X 0 0 0 ALLISON BAIRD SVEDA TRUSTEE 0.50 X 0 0 0 DONALD C TEMPLIN TRUSTEE 0.50 X 0 0 0 DOUGLAS K WICKER TRUSTEE 0.50 X 0 0 0 CHARLOTTE A ZUSCHLAG TRUSTEE 1.00 X 0 0 0 ELIZABETH CAMERON TRUSTEE 0.50 X 0 0 0 LAURA FRYAN TRUSTEE 0.50 X 0 0 0 RICHARD SEMS TRUSTEE 0.50 X 0 0 0 KIRON SKINNER TRUSTEE 0.50 X 0 0 0 STEPHEN SOLMAN TRUSTEE 0.50 X 0 0 0 DAVID DEAN WEAVER TRUSTEE 0.50 X 0 0 0 PAUL J MCNULTY JD PRESIDENT 40.00 X 313894 0 68122 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINESS AND FINANCE 40.00 X 193520 0 24310 PETER FRANK PHD PROVOST AND VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 X 185549 0 24488 JEFF PROKOVICH VICE PRESIDENT FOR ADVANCEMENT 40.00 X 151216 0 11860 VINCE DISTASI PHD VICE PRESIDENT FOR INFORAMTION TECHNOLOGY, CHIEF I 40.00 X 129765 0 46870 JAMES LOPRESTI VICE PRESIDENT FOR OPERATIONS 40.00 X 124813 0 14416 LARRY HARDESTY VICE PRESIDENT FOR STUDENT LIFE AND LEARNING 40.00 X 122452 0 22682 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITMENT 40.00 X 121393 0 39543 JOHN INMAN PHD VICE PRESIDENT FOR ENROLLMENT AND REGISTRAR 40.00 X 121173 0 13859 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL FOR SCIENCE, ENGINEERING, AND 40.00 X 185265 0 9608 CHRISTY CRUTE EXECUTIVE DIRECTOR, GRADUATE AND ONLINE PROGRAMS/P 40.00 X 128271 0 13796 PAUL KEMENY DEAN, CALDERWOOD SCHOOL OF ARTS AND LETTERS 40.00 X 127665 0 9437 MICHELLE MCFEATERS ASSISTANT DEAN, CALDERWOOD SCHOOL OF ARTS AND LETT 40.00 X 126949 0 19439 PAUL KENGOR SENIOR DIRECTOR AND CHIEF ACADEMIC FELLOW FOR INST 40.00 X 125134 0 36607 2157059 0 355037 32 0 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 5167678 RENICK BROTHERS PO BOX 94 SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 1798518 MASONRY PRESERVATION SERVICES 7255 OLD BERWICK ROAD BLOOMSBURG PA 17815 CONSTRUCTION SERVICES 1063025 PRINTING CONCEPTS 4982 PACIFIC AVENUE ERIE PA 165064978 PRINTING AND MAIL SERVICES 373392 PERFIDO WEISKOPF WAGSTAFF & GOETTEL 408 BLVD OF THE ALLIES PITTSBURGH PA 15219 CONSTRUCTION SERVICES 327562 12 13717159 1193691 13717159 ACADEMIC TUITION/FEES 611600 42171781 42171781 ROOM AND BOARD FEES 611710 20238883 20238883 BOOKSTORE 611710 1066626 1066626 63477290 902926 754843 148083 81667038 2765000 77912899 2665000 3754139 100000 3854139 3854139 MISC INCOME 900099 1214410 1214410 CONFERENCES 531390 91817 91817 1306227 83257741 69300682 239900 0 16666 16666 10059738 10059738 1427526 1277786 149740 29809732 24598807 4093534 1117391 2849686 2204437 521171 124078 3747836 2899561 685006 163269 2084906 1612918 381896 90092 77978 77978 141449 141449 13002 13002 890458 452810 423408 14240 782883 9678 585739 187466 1557249 838222 666250 52777 2255626 1683000 510074 62552 4915573 4492776 366617 56180 212578 172523 38278 1777 246241 246241 10639964 9256223 1332442 51299 153082 153082 CONTRACT BOARD FEES 6882958 6882958 EQUIPMENT, MAINTENANCE, 1773419 1411705 340134 21580 BOOKSTORE MERCHANDISE 804218 804218 OTHER EXPENSES 172634 172634 2506888 1153641 1337333 15914 84022290 68702963 13197970 2121357 500322 3003034 9242314 7936103 215144 302906 274502 259425 1652043 2255601 321389835 167909413 157618651 153480422 97860605 112752899 56023414 79508328 3090641 6042904 326477636 365541622 4397765 6089184 3982786 2065680 5173168 4138535 1593706 1340363 10081653 10424067 25229078 24057829 X 143787384 146601394 157461174 194882399 301248558 341483793 326477636 365541622 X -764549 36882712 4117072 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 146352920 8562687 42098893 -10059738 5623609 192578371 143570957 8869978 -1377324 -8502219 3791528 146352920 136634239 6936015 9080862 -8298308 3863503 148216311 121908756 10316422 9884834 -7457806 1982033 136634239 100720092 4236608 13769158 -6996964 815651 112544545 1.00000 1 0 2947470 2947470 263093471 133945422 129148049 49638392 33963991 15674401 5710502 5710502 153480422 SECURITIES 79508328 F 79508328 LINE OF CREDIT 5813509 ACCRUED PENSION COSTS 2172417 CAPITAL LEASE OBLIGATIONS 2438141 10424067 X 124257525 36882712 4117072 40999784 83257741 0 83257741 84022290 0 84022290 0 84022290 PART III, LINE 1A: THE COLLEGE HAS A COLLECTION OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS WHICH ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH. THEY HAVE HISTORICALLY NOT BEEN DISPOSED OF FOR SIGNIFICANT FINANCIAL GAIN OR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENTS INCLUDE DONOR-RESTRICTED ENDOWMENT FUNDS. APPROXIMATELY 90% OF THE FUNDS ARE RESTRICTED FOR FINANCIAL AID PURPOSES, 7% FOR OPERATIONS, AND 3% FOR PHYSICAL PLANT. PART X, LINE 2: GROVE CITY COLLEGE'S FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2021 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. GROVE CITY COLLEGE IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2018 . PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 2,364,072. CHANGE IN VALUE OF CHARITABLE TRUST 1,753,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS EUROPE 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 77643 0 0 0 0 0 0 77643 0 77643 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 CONTRIBUTION 1 SCHOLARSHIPS 1468 10059738 BOOK VALUE N/A PART I, LINE 2: ALL SCHOLARSHIPS ARE PROVIDED AS A CREDIT TO THE STUDENT TO COVER CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. X X X X 1 1 X X X X 0 0 0 0 0 1 0 0 0 PAUL J MCNULTY JD PRESIDENT 310808 0 3086 0 0 0 22400 0 45722 0 382016 0 0 0 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINESS AND FINA 169723 0 23797 0 0 0 12069 0 12241 0 217830 0 0 0 PETER FRANK PHD PROVOST AND VICE PRESIDENT OF ACADEM 183819 0 1730 0 0 0 8650 0 15838 0 210037 0 0 0 RICHARD SAVAGE DEAN, HOPEMAN SCHOOL FOR SCIENCE, EN 183565 0 1700 0 0 0 8886 0 722 0 194873 0 0 0 VINCE DISTASI PHD VICE PRESIDENT FOR INFORAMTION TECHN 128548 0 1217 0 0 0 9735 0 37135 0 176635 0 0 0 JEFF PROKOVICH VICE PRESIDENT FOR ADVANCEMENT 149740 0 1476 0 0 0 11807 0 53 0 163076 0 0 0 PAUL KENGOR SENIOR DIRECTOR AND CHIEF ACADEMIC F 123871 0 1263 0 0 0 8212 0 28395 0 161741 0 0 0 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITME 120148 0 1245 0 0 0 6224 0 33319 0 160936 0 0 0 PART I, LINE 6 THE PRESIDENTS' BONUS IS DETERMINED EACH YEAR BY CRITERIA SET FORTH BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INCLUDING SUBJECTS SUCH AS: FUNDRAISING, FINANCIAL PERFORMANCE RELATED TO THE COLLEGE'S OPERATING BUDGET, STRATEGIC PLANNING OUTCOMES, AND ENROLLMENT TARGETS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 10%. THE VICE PRESIDENT FOR BUSINESS AND FINANCE MAY RECEIVE A BONUS EACH YEAR WITH CRITERIA SET FORTH BY THE PRESIDENT INCLUDING SUBJECTS SUCH AS: STRATEGIC PLANNING OUTCOMES, RESOURCE MANAGEMENT, PROCESS IMPROVEMENT EFFICIENCIES, INCREASED REVENUE, WORKING CAPITAL MANAGEMENT, AND BUDGET MANAGEMENT. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 15%. LEE WISHING OFFICER 18930 TUITION REMISSION TUITION ASSISTANCE VINCENT DISTASI OFFICER 21270 TUITION REMISSION TUITION ASSISTANCE PETER FRANK OFFICER 9465 TUITION REMISSION TUITION ASSISTANCE JANICE INMAN SPOUSE OF CURRENT OFFICER 51867 REPORTABLE WAGES 0 X 3 0 X 0 X 57 1173651 HIGH/LOW AVERAGE X 55 0 X EQUIPMENT 3 15918 RESEARCHED VALUE PRO X MUSICAL INSTRUMENT 1 3500 APPRAISAL X TRAVEL EXPENSE 2 622 RECEIPTS 0 1 1 PART I, LINE 32B: UBS RECEIVES AND SELLS STOCK GIFTS. PART I, LINE 33: RELATED TO LINE 4: THE COLLEGE RECEIVED MULTIPLE BOOKS SUCH AS BIOGRAPHIES AND ACADEMIC WORKS. RELATED TO LINE 18: THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS AND MEMORABILIA. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990 AND 990T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED, AND APPROVED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE. THE FULL 990 AND 990T FORMS AND SCHEDULES, EXCEPT FOR REDACTED NAMES AND ADDRESSES ON FORM 990 SCHEDULE B, ARE PROVIDED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW AND COMMENT. FOLLOWING THAT REVIEW, THE FULL 990 AND 990T FORMS AND SCHEDULES, EXCEPT FOR REDACTED NAMES AND ADDRESSES ON FORM 990 SCHEDULE B, ARE PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND COMMENT. THE FORMS AND SCHEDULES ARE THEN FILED ELECTRONICALLY WITH THE IRS BY THE COLLEGE'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S OFFICERS AND TRUSTEES MUST SUBMIT A QUESTIONNAIRE EACH YEAR BY AUGUST 31ST TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT FOR BUSINESS AND FINANCE PROVIDES THE PRESIDENT OF THE COLLEGE WITH A LIST OF CURRENT COMPENSATION FOR ALL OFFICERS AND AT TIMES WILL INCLUDE COMPENSATION SURVEY INFORMATION FOR COMPARABLE COLLEGES AND UNIVERSITIES. THE PRESIDENT THEN REVIEWS THIS INFORMATION AND MAKES COMPENSATION RECOMMENDATIONS FOR THE EIGHT VICE PRESIDENTS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S RECOMMENDATIONS AND DETERMINES THE COMPENSATION FOR THE ENSUING YEAR FOR EACH VICE PRESIDENT AND REPORTS THEIR DECISION TO THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS REVIEWED, DETERMINED, AND APPROVED BY THE EXECUTIVE COMMITTEE AND THEN REVIEWED WITH AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE APPROVAL OF SUCH COMPENSATION IS DOCUMENTED IN BOTH THE MINUTES OF THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THIS PROCESS IS UNDERTAKEN ANNUALLY FOR THE FOLLOWING POSITIONS (LAST UNDERTAKEN IN MAY 2021): PRESIDENT PROVOST AND VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT FOR INFORMATION TECHNOLOGY, CHIEF INFORMATION OFFICER VICE PRESIDENT FOR OPERATIONS VICE PRESIDENT FOR STUDENT LIFE AND LEARNING VICE PRESIDENT FOR ADVANCEMENT VICE PRESIDENT FOR BUSINESS AND FINANCE VICE PRESIDENT FOR ENROLLMENT AND REGISTRAR VICE PRESIDENT FOR STUDENT RECRUITMENT FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT PUBLICLY DISTRIBUTED BUT ARE AVAILABLE UPON REQUEST. THE SUMMARY FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COLLEGE'S ANNUAL REPORT. THE COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED UNDER THE PUBLIC DISCLOSURE LAW. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 2,364,072. CHANGE IN VALUE OF CHARITABLE TRUST 1,753,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.