2018-11-13T08:26:34-06:00 2018-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2017-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 MICHAEL BUCKMAN VP FOR BUSINESS AND FINANCE 7244582000 2018-11-05 1 RICHARD E DYNOSKE P00095538 4123389300 199.234.67.210 2018-11-05 13:24:40 ES P 476C8FEADB417349E55A623439B0B59368596FA2 476C8FEADB417349E55A623439B0B59368596FA2 2017 2019-02-21 02:37:17Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 177582080 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION. 34 34 1767 100 227792 -785201 8390822 16371263 61224878 62789252 3588144 5762914 1117340 1069920 74321184 85993349 7033630 7489472 0 0 37516003 38130396 0 0 2027325 30865971 31302549 75415604 76922417 -1094420 9070932 299456157 312550016 27050892 25594092 272405265 286955924 SCHOOL OF HIGHER EDUCATION. 0 0 31790310 7457806 41262730 ACADEMIC INSTRUCTION 5518321 31666 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER 24171485 21829940 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 61480116 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 3168 0 1 1767 1 1 1 0 0 0 1 1 1 1 0 1 1 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 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 GERALD BULLOCK TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR TRUSTEE 0.50 X 0 0 0 SAMUEL G CASOLARI JR ESQ TRUSTEE 1.00 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 LISA ADAMS GORDON TRUSTEE 0.50 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 THEODORE JOHNSON TRUSTEE 0.50 X 0 0 0 ROBB JONES ESQ TRUSTEE 1.00 X 0 0 0 JOHN C MACKIE TRUSTEE 0.50 X 0 0 0 JODY LYNNE MATHIE 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 ARTHUR J SCHWAB ESQ TRUSTEE 1.00 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 KIRON K SKINNER PHD 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 DOUGLAS K WICKER TRUSTEE 0.50 X 0 0 0 CHARLOTTE A ZUSCHLAG TRUSTEE 1.00 X 0 0 0 PAUL J MCNULTY JD PRESIDENT 40.00 X 324828 0 66514 ROBERT GRAHAM PHD VICE PRESIDENT AND PROVOST 40.00 X 171816 0 36057 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITMENT 40.00 X 110124 0 54353 MICHAEL BUCKMAN VICE PRESIDENT FOR BUSINESS AND FINANCE 40.00 X 123278 0 15510 JAMES LOPRESTI VICE PRESIDENT FOR OPERATIONS 40.00 X 115152 0 25019 VINCE DISTASI PHD VICE PRESIDENT AND CHIEF INFORMATION OFFICER 40.00 X 125460 0 31255 LARRY HARDESTY VICE PRESIDENT FOR STUDENT LIFE AND LEARNING 40.00 X 109567 0 22966 JOHN INMAN PHD VICE PRESIDENT FOR ENROLLMENT, REGISTRAR 40.00 X 115417 0 13618 JEFF PROKOVICH VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 40.00 X 143923 0 26449 TIMOTHY R BONNER ESQ COUNSEL 0.50 X 0 0 0 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING DIVISION 40.00 X 161466 0 47226 DAVID AYERS DEAN OF ARTS AND LETTERS 40.00 X 130753 0 37543 MARK REUBER PROFESSOR AND FIELD DIRECTOR OF INTERNATIONAL EDUC 40.00 X 125648 0 28017 MYRON BRIGHT PROFESSOR OF ENGINEERING 40.00 X 125004 0 20811 PAUL KENGOR SENIOR CHIEF ACADEMIC FELLOW, CENTER FOR VISION AN 40.00 X 122083 0 31518 WILLIAM ANDERSON PHD VICE PRESIDENT AND PROVOST, FORMER 40.00 X 107723 0 8951 2112242 0 465807 21 1 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 6150243 VASCO SPORTS CONTRACTORS 4270 STERITILE ST SE MASSILLON OH 44646 CONSTRUCTION SERVICES 1035998 RENICK BROTHERS PO BOX 94 SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 836699 MOMENTUM BUILDERS PO BOX 49 MERCER PA 16137 CONSTRUCTION SERVICES 508560 SMITH BROTHERS AGENCY 116 FEDERAL ST PITTSBURGH PA 15212 WEBSITE CREATION SERVICES 451595 22 16371263 749965 16371263 ACADEMIC TUITION/FEES 611600 41262730 41262730 ROOM AND BOARD FEES 611710 20318349 20318349 BOOKSTORE/FOUNTAIN ROOM 611710 1208173 1208173 62789252 1227047 1308532 -81485 96124598 91588731 4535867 4535867 4535867 MISC INCOME 900099 766502 760643 5859 SUMMER CONFERENCE/RENTALS 531390 303418 303418 1069920 85993349 69394294 227792 0 31666 31666 7359081 7359081 98725 98725 1317679 1173756 143923 28620871 21316669 6293397 1010805 2604356 1896899 610132 97325 3580326 2608296 838239 133791 2007164 1461976 470080 75108 82396 82396 110588 110588 474891 91926 369805 13160 933348 28998 527562 376788 1360509 700638 607275 52596 1747560 1308020 439165 375 4184568 4054010 116119 14439 1116592 740927 305100 70565 314482 314482 10581211 10581211 180136 180136 CONTRACT BOARD FEES 4629007 4629007 EQUIPMENT, MAINTENANCE, 1678590 1393349 282197 3044 BOOKSTORE MERCHANDISE 891719 891719 BOOKS AND MAGAZINES 814550 814550 2202402 1292313 874683 35406 76922417 61480116 13414976 2027325 999201 2175125 5509052 4909808 490613 352512 313748 339289 1618709 1697917 299671354 140900562 160653230 158770792 92476045 103331251 34245043 37736238 3150516 3237084 299456157 312550016 4429080 5076938 1779002 1765215 8277067 7242434 2247800 1971303 10317943 9538202 27050892 25594092 X 146340985 146836494 53828946 57494577 72235334 82624853 272405265 286955924 299456157 312550016 X 9070932 4900210 579517 X X 1 X 1 X 1 0 X X X X EDUCATION 0 121908756 10316422 9884834 -7457806 1982033 136634239 100720092 4236608 13769158 -6996964 815651 112544545 110327718 1395572 -3287058 6625587 1090553 98725760 110324817 2983778 -536489 -6520026 -1336768 104915312 97621160 2570571 19444729 5613618 3698025 110324817 1.00000 1 0 2737881 2737881 246825873 111005903 135819970 44923500 29894659 15028841 5184100 5184100 158770792 245596 C SECURITIES 37490642 F 37736238 LINE OF CREDIT 4992410 ACCRUED PENSION COSTS 3364536 CAPITAL LEASE OBLIGATIONS 1181256 9538202 91473076 4900210 579517 5479727 85993349 0 85993349 76922417 0 76922417 0 76922417 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 FINANCIAL GAIN NOR 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 88% OF THE FUNDS ARE RESTRICTED FOR FINANCIAL AID PURPOSES, 9% FOR OPERATIONS, AND 3% FOR PHYSICAL PLANT. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 352,517. CHANGE IN VALUE OF CHARITABLE TRUST 227,000. 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 1 EUROPE 0 2 PROGRAM SERVICES ACADEMIC INSTRUCTION 687054 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 5534 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 721 CENTRAL AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 165298 EAST ASIA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 2531 EUROPE 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2428 0 2 0 0 0 2 863566 0 863566 SCHOLARSHIPS CENTRAL AMERICA 5 8700 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EUROPE 52 64850 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 3 15625 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS MIDDLE EAST/NORTH AFRICA 1 250 CREDIT ON ACCOUNT 0 N/A BOOK VALUE 0 0 0 0 0 0 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 0 CONTRIBUTION GROVE CITY AREA UNITED WAY PO BOX 388 GROVE CITY PA 16127 251488637 501(C)(3) 10000 0 CONTRIBUTION COALITION FOR CHRISTIAN OUTREACH 5912 PENN AVENUE PITTSBURGH PA 15206 251216330 501(C)(3) 5000 0 CONTRIBUTION 2 1 SCHOLARSHIPS 1406 7359081 0 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 1 0 PAUL J MCNULTY JD PRESIDENT 310442 0 14386 0 0 0 21600 0 44914 0 391342 0 0 0 ROBERT GRAHAM PHD VICE PRESIDENT AND PROVOST 171816 0 0 0 0 0 14077 0 21980 0 207873 0 0 0 LEE WISHING VICE PRESIDENT FOR STUDENT RECRUITME 105124 0 5000 0 0 0 5299 0 49054 0 164477 0 0 0 VINCE DISTASI PHD VICE PRESIDENT AND CHIEF INFORMATION 125460 0 0 0 0 0 9450 0 21805 0 156715 0 0 0 JEFF PROKOVICH VICE PRESIDENT FOR INSTITUTIONAL ADV 143923 0 0 0 0 0 11462 0 14987 0 170372 0 0 0 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING DIVISION 161466 0 0 0 0 0 12089 0 35137 0 208692 0 0 0 DAVID AYERS DEAN OF ARTS AND LETTERS 130753 0 0 0 0 0 11675 0 25868 0 168296 0 0 0 MARK REUBER PROFESSOR AND FIELD DIRECTOR OF INTE 125648 0 0 0 0 0 16746 0 11271 0 153665 0 0 0 PAUL KENGOR SENIOR CHIEF ACADEMIC FELLOW, CENTER 122083 0 0 0 0 0 9232 0 22286 0 153601 0 0 0 WILLIAM ANDERSON PHD VICE PRESIDENT AND PROVOST, FORMER 107723 0 0 0 0 0 8915 0 36 0 116674 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%. PART I, LINE 7 THE VICE PRESIDENT FOR STUDENT RECRUITMENT RECEIVED A ONE-TIME BONUS PAYMENT IN 2017 ISSUED AT THE PRESIDENT'S DISCRETION BASED ON ADDITIONAL DUTIES ASSUMED RELATED TO ENROLLMENT. VINCENT DISTASI OFFICER 9122 TUITION GRANT/REMISSION TUITION ASSISTANCE JAMES LOPRESTI OFFICER 4314 TUITION GRANT TUITION ASSISTANCE JEFF PROKOVICH OFFICER 10937 TUITION GRANT/REMISSION TUITION ASSISTANCE ROBERT GRAHAM OFFICER 4314 TUITION GRANT TUITION ASSISTANCE LEE WISHING OFFICER 21214 TUITION REMISSION TUITION ASSISTANCE JANICE INMAN SPOUSE OF CURRENT OFFICER 49853 REPORTABLE WAGES 0 X 1 0 X 0 X 47 723960 HIGH/LOW AVERAGE X 164 0 X TRAVEL EXPENSES 14 25637 TRAVEL REPORT/RECEIP X EVENT EXPENSES 2 368 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, YEARBOOKS, 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 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 ALONG WITH 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 WITH THE SAME COMPARABLE SURVEY INFORMATION, 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 2018): PRESIDENT VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST VICE PRESIDENT AND CHIEF INFORMATION OFFICER VICE PRESIDENT FOR OPERATIONS VICE PRESIDENT FOR STUDENT LIFE AND LEARNING VICE PRESIDENT FOR INSTITUTIONAL 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 352,517. CHANGE IN VALUE OF CHARITABLE TRUST 227,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.