2020-11-16T15:06:25-06:00 2020-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2019-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 MICHAEL BUCKMAN VP FOR BUSINESS AND FINANCE 7244582000 2020-11-10 1 RICHARD E DYNOSKE P00095538 4123389300 2020-11-10 199.234.67.210 2020-11-10 09:57:58 ES P 476C8FEADB417349E55A623439B0B59368596FA2 476C8FEADB417349E55A623439B0B59368596FA2 2019 2021-01-29 14:40:06Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 167927695 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION. 34 34 1801 100 333327 0 18460882 18323543 64934162 60250217 3820372 4577332 1009833 834681 88225249 83985773 8329974 8536385 0 0 39189046 39992622 32156 26185 2156208 32220120 30549537 79771296 79104729 8453953 4881044 326419832 326477636 24542689 25229078 301877143 301248558 A SCHOOL OF HIGHER EDUCATION. 0 0 42591018 8502219 41879470 ACADEMIC INSTRUCTION 5996606 34166 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER 15533682 18370747 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 64121306 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 2995 0 1 1801 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 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 PAUL J MCNULTY JD PRESIDENT 40.00 X 430623 0 67585 DAVID AYERS PROFESSOR OF SOCIOLOGY 40.00 X 152573 0 61247 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINES 40.00 X 182658 0 24435 LEE WISHING VICE PRESIDENT FOR STUDENT 40.00 X 118908 0 56795 VINCE DISTASI PHD VICE PRESIDENT AND CHIEF I 40.00 X 127236 0 47347 JEFF PROKOVICH VICE PRESIDENT FOR INSTITU 40.00 X 148262 0 16294 MARK REUBER PROFESSOR AND FIELD DIRECT 40.00 X 129871 0 28333 LARRY HARDESTY VICE PRESIDENT FOR STUDENT 40.00 X 120243 0 22671 JAMES LOPRESTI VICE PRESIDENT FOR OPERATI 40.00 X 122347 0 14964 JOHN INMAN PHD VICE PRESIDENT FOR ENROLLM 40.00 X 118698 0 13834 PETER FRANK PHD PROVOST AND VICE PRESIDENT ACADMEIC AFFAIRS 40.00 X 0 0 0 ALICE MORRE BATCHELDER ESQ TRUSTEE 0.50 X 0 0 0 J KENNETH BLACKWELL 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 DIANE ELLIS 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 M JONES ESQ TRUSTEE 1.00 X 0 0 0 JOHN C MACKIE TRUSTEE 0.50 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 DAVID R RATHBURN TRUSTEE 6.00 X 0 0 0 DAN SANDMAN TRUSTEE 0.50 X 0 0 0 JOHN ASCHWAB ESQ TRUSTEE 0.50 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 STEPHEN SOLMAN 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 TIMOTHY R BONNER ESQ COUNSEL 0.50 X 0 0 0 PAUL KEMENY DEAN, CALDERWOOD SCHOOL OF ARTS 40.00 X 129767 0 9969 PAUL KENGOR SENIOR CHIEF ACADEMIC FELL 40.00 X 129263 0 77552 MYRON BRIGHT PROFESSOR OF ENGINEERING 40.00 X 125027 0 9592 2035476 0 450618 39 0 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 5842949 MASONRY PRESERVATION SERVICES 7255 OLD BERWICK ROAD BLOOMSBURG PA 17815 CONSTRUCTION SERVICES 868552 VASCO SPORTS CONTRACTORS 4270 STERILITE ST SE MASSILLON OH 44646 CONSTRUCTION SERVICES 850183 FIELDTURF USA INC 175 N INDUSTRIAL BLVD NE CALHOUN GA 30701 CONSTRUCTION SERVICES 408444 CAMPBELL BUS LINES 258 GROVE CITY ROAD SLIPPERY ROCK PA 16057 TRANSPORTATION SERVICES 308040 16 18323543 4200530 18323543 ACADEMIC TUITION/FEES 611600 41879470 41879470 ROOM AND BOARD FEES 611710 17340461 17340461 BOOKSTORE 611710 1030286 1030286 60250217 799805 728229 71576 87719449 83941922 3777527 3777527 3777527 MISC INCOME 900099 583116 572930 10186 CONFERENCES 531390 251565 251565 834681 83985773 65328903 333327 0 34166 34166 8404729 8404729 97490 97490 1324539 1176277 148262 30045015 24761701 4183825 1099489 2773232 2152468 503072 117692 3732494 2897327 676662 158505 2117342 1643568 384312 89462 70220 70220 124284 124284 26185 26185 849729 343610 488640 17479 764578 4868 526084 233626 1330077 819198 456415 54464 2083492 1528504 512134 42854 4572164 4192853 347098 32213 695351 438842 206477 50032 282538 282538 10790241 9386146 1353684 50411 161578 161578 CONTRACT BOARD FEES 3757751 3757751 EQUIPMENT, MAINTENANCE, 1488884 1165192 306731 16961 OTHER EXPENSES 817469 817469 BOOKSTORE MERCHANDISE 746343 746343 2014838 1584972 411293 18573 79104729 64121306 12827215 2156208 1959869 500322 9810738 9242314 298992 215144 312099 274502 1769039 1652043 316632423 159013772 156656601 157618651 94279577 97860605 58092138 56023414 3240779 3090641 326419832 326477636 4185488 4397765 2044096 3982786 6207802 5173168 1689418 1593706 10415885 10081653 24542689 25229078 X 145366830 143787384 156510313 157461174 301877143 301248558 326419832 326477636 X 4881044 -4119197 -1390432 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 143570957 8869978 -1377324 -8502219 3791528 146352920 136634239 6936015 9080862 -8298308 3863503 148216311 121908756 10316422 9884834 -7457806 1982033 136634239 100720092 4236608 13769158 -6996964 815651 112544545 110327718 1395572 -3287058 6625587 1090553 98725760 1.00000 1 0 5548085 5548085 258041811 126634310 131407501 47510621 32379462 15131159 5531906 5531906 157618651 SECURITIES 56023414 F 56023414 LINE OF CREDIT 3875506 ACCRUED PENSION COSTS 4855160 CAPITAL LEASE OBLIGATIONS 1350987 10081653 X 79866576 -4119197 -4119197 83985773 0 83985773 80495161 1390432 1390432 79104729 0 79104729 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, 2020 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 2017. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 939,432. CHANGE IN VALUE OF CHARITABLE TRUST 451,000. SCHEDULE D, PART V, LINE 1A: IN PRIOR YEARS, INCLUDING THE FISCAL YEAR ENDED JUNE 30, 2019, GROVE CITY COLLEGE RECORDED ALL PLEDGES RECEIVABLE TO ITS ENDOWMENT. FOR THE FISCAL YEAR ENDED JUNE 30, 2020, IN AN EFFORT TO MORE CLEARLY REFLECT THE DONOR RESTRICTIONS ON PLEDGES MADE TO THE COLLEGE, THE COLLEGE HAS SEPARATELY RECORDED A PORTION OF ITS PLEDGES RECEIVABLE TO OTHER NON-ENDOWMENT FUNDS AS APPROPRIATE TO THE PLEDGES' RESPECTIVE, RESTRICTED PURPOSES. AS A RESULT, THE BEGINNING BALANCE OF THE ENDOWMENT AS OF JULY 1, 2019 DIFFERS FROM THE ENDOWMENT'S ENDING BALANCE AS OF JUNE 30, 2019 REPORTED ON THE PRIOR YEAR FORM 990. THIS CHANGE WAS NECESSARY TO ADOPT THIS MORE APPROPRIATE ACCOUNTING OF ITS PLEDGES RECEIVABLE AND IS A ONE-TIME DIFFERENCE THAT WILL NOT RECUR IN FUTURE YEARS. 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 1 EUROPE 0 2 PROGRAM SERVICES ACADEMIC INSTRUCTION 552638 CENTRAL AMERICA / CARRIBEAN 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 83357 MIDDLE EAST / NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 19094 MIDDLE EAST / NORTH AFRICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2114 0 2 0 0 0 2 657203 0 657203 SCHOLARSHIPS CENTRAL AMERICA / CARRIBEAN 2 10500 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EAST ASIA / PACIFIC 1 700 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EUROPE 40 82390 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 1 3900 CREDIT ON ACCOUNT 0 N/A BOOK VALUE 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 1 AMERICAN PHILANTHROPIC 119 N HIGH ST WEST CHESTER PA 193803012 0 0 26185 0 26185 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 CONTRIBUTION GROVE CITY AREA UNITED WAY PO BOX 388 GROVE CITY PA 16127 251488637 501(C)(3) 10000 CONTRIBUTION VERITAS ACADEMY OF THE ARTS INC 232 S BROAD STREET GROVE CITY PA 16127 831731142 501(C)(3) 7500 CONTRIBUTION 2 1 SCHOLARSHIPS 1416 8404729 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 404701 0 25922 0 0 0 21968 0 45617 0 498208 0 0 0 DAVID AYERS PROFESSOR OF SOCIOLOGY 152573 0 0 0 0 0 14251 0 46996 0 213820 0 0 0 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINES 164144 0 18514 0 0 0 12069 0 12365 0 207092 0 0 0 LEE WISHING VICE PRESIDENT FOR STUDENT 118908 0 0 0 0 0 6224 0 50571 0 175703 0 0 0 VINCE DISTASI PHD VICE PRESIDENT AND CHIEF I 127236 0 0 0 0 0 9735 0 37612 0 174583 0 0 0 JEFF PROKOVICH VICE PRESIDENT FOR INSTITU 148262 0 0 0 0 0 11756 0 4538 0 164556 0 0 0 MARK REUBER PROFESSOR AND FIELD DIRECT 129871 0 0 0 0 0 17250 0 11083 0 158204 0 0 0 PAUL KENGOR SENIOR CHIEF ACADEMIC FELL 129263 0 0 0 0 0 8212 0 69340 0 206815 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 28005 TUITION REMISSION TUITION ASSISTANCE VINCENT DISTASI OFFICER 21935 TUITION GRANT/REMISSION TUITION ASSISTANCE JANICE INMAN SPOUSE OF CURRENT OFFICER 50850 REPORTABLE WAGES 0 X 0 X 0 X 58 1495981 HIGH/LOW AVERAGE X 1 2665000 APPRAISAL X 176 0 X 4 0 X TRAVEL EXPENSE 12 39549 RECEIPTS 1 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 5 THE COLLEGE RECEIVED AN ANTIQUE DESK FOR DISPLAY PURPOSES. RELATED TO LINE 18: THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS AND MEMORABILIA. LINE 33 RELATED TO LINE 23 THE COLLEGE RECEIVED BEEHIVES TO BE USED FOR ACADEMIC PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS 990 AND 990-T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR BUSINESS AND FINANCE AS WELL AS THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. UPON THEIR APPROVALS, THE FORMS ARE PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND THEN REVIEWED AND 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 2020): 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 -939,432. CHANGE IN VALUE OF CHARITABLE TRUST -451,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.