2019-03-26T16:17:37-05:00 2018-05-31 310905417 VONLEHMAN & COMPANY INC 810 WRIGHTS SUMMIT PARKWAY SUITE 300 FORT WRIGHT KY 410112993 990 2017-06-01 610448560 THOMAS MORE UNIVERSITY INC THOM 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 KATHLEEN S JAGGER PHD MPH ACTING PRESIDENT 8593443513 2019-03-21 1 THEODORE J FUNK P00002545 8593313300 69.61.206.123 2019-03-21 14:45:20 ED P 8DB0750AD80554AB99ABD8A767FA43F1EDA0433A 5B2B7A9D2E58849FD6513E0B487893B69D4D5A88 2017 2019-02-21 02:37:17Z KATHLEEN S JAGGER PHD M 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 69774485 1 1 0928 X WWW.THOMASMORE.EDU X 1921 KY TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 21 21 814 100 0 0 3681599 6481188 42232956 43630887 637725 2439908 339242 339706 46891522 52891689 16645808 17125703 0 0 14393829 14808414 0 0 542883 14044497 14740103 45084134 46674220 1807388 6217469 45734519 58506524 14872202 21663125 30862317 36843399 TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 0 0 36189999 17125703 43630887 PROGRAM SERVICE DISBURSEMENTS ARE APPLIED TO THE FURTHERANCE OF THE UNIVERSITY'S EXEMPT PROGRAMS OF HIGHER EDUCATION 36189999 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 3250 0 1 814 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 1 1 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X ROBERT A MUNSON 8593443352 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DALE HENSON TRUSTEE 0.00 X 0 0 0 MOST REV ROGER J FOYS CHANCELLOR 0.00 X X 0 0 0 MARY H BROWN TRUSTEE 0.00 X 0 0 0 DR DANIEL J HILTZ TRUSTEE 0.00 X 0 0 0 SR MARY ETHEL PARROTT SND TRUSTEE 0.00 X 0 0 0 BRENT J MESSMER TRUSTEE 0.00 X 0 0 0 MELISSA A LUEKE PAST CHAIR 0.00 X 0 0 0 MARC J NELTNER CHAIRPERSON 0.00 X X 0 0 0 SARAH T GIOLANDO TRUSTEE 0.00 X 0 0 0 CHRISTOPHER J WILSON TRUSTEE 0.00 X 0 0 0 GREGORY T STOFKO TRUSTEE 0.00 X 0 0 0 WILBERT L ZIEGLER TRUSTEE 0.00 X 0 0 0 GEORGE J THELEN TRUSTEE 0.00 X 0 0 0 DAVID A ARMSTRONG PRESIDENT 37.50 X X 260265 0 76278 DR ANTHONY R ZEMBRODT TRUSTEE 0.00 X 0 0 0 JEROME R BAHLMANN TRUSTEE 0.00 X 0 0 0 JEFFREY C MANDO TRUSTEE 0.00 X 0 0 0 JUDITH A MARLOWE TRUSTEE 0.00 X 0 0 0 DR JOSEPH CHRISTENSEN TRUSTEE/PROFESSOR 37.50 X 77930 0 8864 DR LAURA A KOEHL TRUSTEE 0.00 X 0 0 0 DR JEROME LANGGUTH TRUSTEE/PROFESSOR 37.50 X 70285 0 7739 MARIA RECHTIN STUDENT REP 0.00 X 0 0 0 ANDREW SCHAEFFER TRUSTEE 0.00 X 0 0 0 KEVIN SCHUTTE TRUSTEE 0.00 X 0 0 0 DANIEL E TOBERGTE TRUSTEE 0.00 X 0 0 0 JEFFREY C BRIGGS PAST CFO 37.50 X 99051 0 13802 CHARLENE K BARLOW SECRETARY 37.50 X 44917 0 15375 ROBERT A MUNSON CFO 37.50 X 11661 0 857 KATHLEEN JAGGER VP ACADEMIC AFFAIRS 37.50 X 123729 0 13325 ROBIN S HOFFMAN VP INSTITUTIONAL ADVANCEMENT 37.50 X 116883 0 9197 804721 0 145437 3 0 1 0 ARAMARK SERVICES 333 THOMAS MORE PKWY CRESTVIEW HILLS KY 41017 FOOD & MAINTENANCE SERVICES 2729046 HELIX EDUCATION PO BOX 894 SALT LAKE CITY UT 84110 ADULT EDUCATION PROGRAM MANAGE 1981880 JENZABAR PO BOX 55018 BOSTON MA 02205 IT SERVICE/SOFTWARE 773964 CENTURY CONSTRUCTION PO BOX 18670 ERLANGER KY 41018 CONSTRUCTION & RENOVATIONS 291133 ROYALL & COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULTANT 187117 6 66767 6414421 2231469 6481188 STUDENT TUITION 611710 39727849 39727849 AUXILIARY 611710 3012322 3012322 OTHER 611710 890716 890716 43630887 467800 467800 353594 0 353594 353594 353594 18812152 16840044 1972108 1972108 1972108 28864 66767 42752 -13888 -13888 52891689 43630887 0 2779614 X 17125703 17125703 14808414 10551300 3873378 383736 6416608 2776505 3606515 33588 285375 16336 269039 283635 200848 75493 7294 801759 588255 195377 18127 502356 402387 99131 838 1335670 1142132 187040 6498 368302 198810 165977 3515 BOOK RENTAL PROGRAM 1413497 1413497 MISCELLANEOUS 1306968 421079 808153 77736 UTILITIES 646410 369193 277217 SUPPLIES 610203 497716 108898 3589 769320 486238 275120 7962 46674220 36189999 9941338 542883 1434919 2256297 1819111 2295501 1984253 2344276 2135628 1754044 508451 907950 59639243 33111973 19690772 26527270 18161385 22421186 45734519 58506524 2355589 2419927 1843673 3100577 4045000 0 5210736 15010542 1417204 1132079 14872202 21663125 X 9052518 9726946 3780782 5082507 18029017 22033946 30862317 36843399 45734519 58506524 X 6217469 -242237 5850 X X 0 1 X 1 1 1 X 153315 0 20909065 4004929 1978481 840646 26051829 19533067 482553 1644840 751395 20909065 19917154 833882 -432580 785389 19533067 15636710 4077440 930383 727379 19917154 14448108 72563 1878827 762788 15636710 0.02000 0.98000 0 0 4412851 4412851 44145469 23263603 20881866 10209039 9026001 1183038 871884 822369 49515 26527270 SECURITIES AND OTHER INVESTMENTS 22421186 F 22421186 OTHER LIABILITIES 1132079 1132079 X 35882995 -242237 310644 48602 117009 35765986 17125703 17125703 52891689 29901913 310644 42752 353396 29548517 17125703 17125703 46674220 PART X, LINE 2: THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UNIVERSITY RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED MAY 31, 2018 AND 2017. IF THE SITUATION AROSE IN WHICH THE UNIVERSITY WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE UNIVERSITY IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 42,752. CHANGE IN VALUE OF INTEREST RATE SWAP 5,850. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 17,125,703. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 42,752. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 17,125,703. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS SCHEDULE E, PART I, LINE 6 THE AID IN SUPPORT OF THE BACCALAUREATE NURSING PROGRAM WAS SUSPENDED FOR ONE YEAR ON JULY 1, 1998 AND REINSTATED ON JUNE 30, 1999 BY THE DEPARTMENT OF HUMAN HEALTH AND SERVICES GOLF CLASSIC 59811 43180 16631 5085 8536 5748 GOLF OUTING 35820 23587 12233 13730 1814 7839 95631 66767 28864 18815 10350 13587 42752 -13888 1 STUDENT AID AND SCHOLARSHIPS 1419 17125703 PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE UNIVERSITY. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DAVID A ARMSTRONG PRESIDENT 237592 0 15000 0 7673 0 31250 0 45028 0 336543 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A BONUS TO THREE EMPLOYEES. 38356 MERIT BASED SCHOLARSHIP JOHN HODGE OWNER OF CENTURY CONSTR FORMER TRUSTEE 291133 JOHN HODGE IS A FORMER TRUSTEE OF THOMAS MORE UNIVERSITY. HE IS AN OWNER OF CENTURY CONSTRUCTION, WHICH THOMAS MORE UNIVERSITY PAID FOR TWO DIFFERENT CONSTRUCTION PROJECTS DURING THE YEAR. 0 X 21 1875916 FAIR MARKET VALUE X 1 330000 FAIR MARKET VALUE X 7 2552 FAIR MARKET VALUE X EQUIPMENT 5 14117 FAIR MARKET VALUE X SUPPLIES 11 8884 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: ALL DONATED SECURITIES ARE TRANSFERRED DIRECTLY TO THE BANK, WHO THEN SELLS THE SECURITIES FOR THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER SARAH GIOLANDO IS THE SENIOR VP, STRATEGIC DEVELOPMENT AT ST. ELIZABETH HOSPITAL. FORM 990, PART VI, SECTION A, LINE 3 4TH STREET SERVES AS THE INVESTMENT ADVISOR FOR THOMAS MORE FOR THEIR ENDOWMENT. FORM 990, PART VI, SECTION A, LINE 4 AS PART OF THE NAME CHANGE, WE UPDATED OUR ARTICLES OF INCORPORATION FILED WITH THE STATE OF KENTUCKY. NO SUBSTANTIVE CHANGES. FORM 990, PART VI, SECTION A, LINE 7A NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION A, LINE 7B NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW, THEN IT IS FORWARDED TO THE BOARD FOR THEM TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THOMAS MORE UNIVERSITY RECEIVES AN UPDATED CONFLICT OF INTEREST FORM FROM THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENTS EACH PREPARE AN ASSESSMENT OF THEIR PERFORMANCE BASED ON GOALS SET THE PRIOR YEAR. THIS ASSESSMENT IS PROVIDED TO THE PRESIDENT. THE PRESIDENT PREPARES HIS ASSESSMENT. THESE ASSESSMENTS ARE DISCUSSED WITH THE BOARD COMMITTEE CHAIRS WITH WHOM EACH VICE PRESIDENT INTERACTS AS WELL AS THE BOARD CHAIR. COMPENSATION IS THEN DETERMINED. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE CHAIRPERSON OF THE BOARD IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AFTER A SIMILAR PROCESS. THE FINAL COMPENSATION IS RATIFIED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE UNIVERSITY ROUTINELY MONITORS HOW THOMAS MORE COLLEGE SALARIES COMPARE TO PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G HELIX SERVICE FEE: PROGRAM SERVICE EXPENSES 1,219,058. MANAGEMENT AND GENERAL EXPENSES 871,951. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,091,009. SERVICES: PROGRAM SERVICE EXPENSES 1,557,447. MANAGEMENT AND GENERAL EXPENSES 2,734,564. FUNDRAISING EXPENSES 33,588. TOTAL EXPENSES 4,325,599. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP 5,850. FORM 990, PART XII, LINE 2C: THE UNIVERSITY'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF IT'S FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.