2018-05-11T15:59:39-07:00 2017-06-30 990 2016-07-01 231653718 DESALES UNIVERSITY DESA 6102821100 2755 Station Avenue Center Valley PA 18034 Robert Snyder VP Finance and Admin 6102821100 2018-05-11 2016 2022-09-23 18:48:47Z Robert J Snyder 2755 Station Avenue Center Valley PA 18034 131724124 0 X www.desales.edu X 1965 PA The mission of DeSales University is to provide men and women with quality higher education according to the philosophy of Christian humanism as developed by Saint Francis de Sales and his spiritual heirs. The University imparts knowledge about and develops talents for personal, familial, and societal living. DeSales University enriches the human community and enhances the dignity of the individual through its educational endeavors. In its work, the University fosters a vital and respectful dialogue between Roman Catholic faith and human culture. 30 23 2239 83 1187228 0 7821132 8937928 88793327 95933567 281925 2724009 1419556 1349401 98315940 108944905 29025437 31587271 0 0 35957567 37960572 0 0 2323852 34973060 35187203 99956064 104735046 -1640124 4209859 209722809 220645376 73807845 73331145 135914964 147314231 It is the mission of DeSales University to provide men and women with quality higher education according to the philosophy of Christian humanism as developed by Saint Francis de Sales and his spiritual heirs. The University imparts knowledge about, and develops talents for, personal, familial, and societal living. 0 0 98715385 31587271 95933567 Higher Education: Educational institution providing men and women an Oblate Catholic liberal arts education through its undergraduate and graduate accredited degree programs. (3,196 FTE) 0 0 0 98715385 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 1 0 1 4786 0 1 2239 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 30 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X Treasurer's Office 6102821100 2755 Station Avenue Center Valley PA 18034 Douglas Brown Trustee Chair 2 X 0 0 0 Frank D Boyer Trustee 1 X 0 0 0 Debra Barnak Burke Trustee 1 X 0 0 0 Teresa A Coleman Trustee 1 X 0 0 0 Rev Lewis S Fiorelli Trustee 1 X 0 0 0 Francis J Ford Jr Trustee 1 X 0 0 0 Peter A Gray Trustee 1 X 0 0 0 V Rev James J Greenfield Trustee 1 X 0 0 0 Gary J Iacocca Trustee 1 X 0 0 0 Brendan Kennealey Trustee 1 X 0 0 0 John Kristel Trustee 1 X 0 0 0 John F Malloy Trustee 1 X 0 0 0 Gene J Marino Trustee 1 X 0 0 0 Matthew W Martinez Trustee 1 X 0 0 0 Fr Dr Stephen Mavely Trustee 1 X 0 0 0 V Fr Kenneth McKenna Trustee 1 X 0 0 0 Vincent J Moffit Trustee 1 X 0 0 0 Maria Montero Trustee 1 X 0 0 0 Rev Joseph Morrisey Trustee 1 X 0 0 0 Rev Kevin Nadolski Trustee 1 X 0 0 50949 Rev Ronald Olszewski Trustee 1 X 0 0 0 Michael W Pessina Trustee 1 X 0 0 0 Rev Msgr Alfred Schlert Trustee 1 X 0 0 0 John D Stanley Trustee 1 X 0 0 0 William J Straccia III Trustee 1 X 0 0 0 Joseph C Trinkle Jr Trustee 1 X 0 0 0 Fr Abraham Vettuvelil Trustee 1 X 0 0 0 Denise M Von Funk Trustee 1 X 0 0 0 Thomas V Whalen Trustee 1 X 0 0 0 V Rev Bernard F O'Connor President 1 X X 0 0 0 Dr Karen Walton Vp Academic Affairs 55.00 0 X 206613 0 40876 Robert Snyder VP Finance & Admin 53.00 2.00 X 198067 0 36106 Thomas Campbell VP for Institutional Advancement 45 0 X 178741 0 26705 Gerard Joyce VP for Student Life 42 0 X 162607 0 35848 Michael Sweetana Director of Finance & Treasurer 54.00 1.00 X 151952 0 23865 Peter Rautzhan Assoc VP Admin & Planning & Secretary 45 0 X 123449 0 36951 Christopher Cocozza Chair for Division of Business 45.00 0 X 159140 0 33103 Robert Blumenstein Dean of Undergraduate Education 50.00 0 X 157081 0 25038 Wayne Stuart Chair for Division of Healthcare 45.00 0 X 145110 0 34376 David Gilfoil MBA Program Director 50.00 0 X 143723 0 31033 Marc Albanese Assoc VP Campus Environment & PT Faculty 45.00 0 X 143626 0 29853 1770109 0 404703 31 0 1 0 Computer Aid Inc PO Box 785526 Philadelphia PA 19178 IT services 1202554 Oblates of St Francis DeSales 2200 Kentmere Parkway Wilmington DE 19806 Management and instructional services 1084884 SWB&R Advertising 3865 Adler Place Bethlehem PA 18017 Advertising 866083 Godshall Landscaping 1470 Mack Boulevard Allentown PA 18103 Landscaping Services 619350 Morgan Stanley 515 Hamilton Street Allentown PA 18101 Investment Services 447353 9 0 0 339977 0 4909623 3688328 791884 8937928 Higher education program services 611310 95933567 95933567 0 0 0 0 0 0 95933567 1202830 0 0 1202830 0 0 0 0 0 0 0 0 202677 0 0 0 202677 0 202677 0 0 202677 24093257 48303 22572078 48303 1521179 0 1521179 0 0 1521179 118334 339977 158838 -40504 0 -40504 0 0 0 0 0 0 0 0 0 0 0 0 Auxiliary Services and Other 721000 1187228 0 1187228 0 0 0 0 0 1187228 108944905 95933567 1187228 2886182 31524271 31524271 63000 63000 0 1051558 379358 488561 183639 0 26978408 24929204 1027380 1021824 1946508 1765341 100918 80249 6006739 5444063 315035 247641 1977359 1793321 102517 81521 81383 81383 103547 103547 12800 12800 447353 447353 1406811 957263 431148 18400 1474162 1472962 1200 5079639 4309305 290645 479689 2489301 2460756 28545 3672478 3672478 1347889 1223560 48961 75368 473533 376297 81496 15740 1276662 1276662 7188983 7188983 798335 798335 Food Service 5835850 5835850 0 0 Equipment & maintenance 731812 697342 34470 0 Student Association 546850 546850 0 0 Memberships 262424 149248 106195 6981 1957391 1838136 35000 84255 104735046 98715385 3695809 2323852 0 0 5831984 7768799 2476121 2329940 2678253 2732554 0 0 0 0 2653540 2361685 0 0 1080876 1005242 218722823 90988840 128564897 127733983 55775529 65673099 10540382 10922348 0 0 0 0 121227 117726 209722809 220645376 5050293 6446152 0 0 7197075 8227115 51325000 48210000 3989547 4866726 0 0 4479186 3890651 0 0 1766744 1690501 73807845 73331145 X 110100852 116916211 8132548 11569774 17681564 18828246 135914964 147314231 209722809 220645376 X 4209859 7283131 0 0 0 -93723 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12800 12800 104722246 104735046 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 42000 21000 0 12800 75800 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 3000 1678417 0 0 X X 0 0 1 X 58497153 3243836 8759365 1951770 29794 447353 68071437 56377246 2414318 2178932 2128791 -50040 394592 58497153 55267186 2461353 743608 1755791 29864 309246 56377246 47489348 3791264 6000473 1646941 11098 355860 55267186 41571131 4087587 3536877 1379749 15302 311196 47489348 0.56 0.34 0.1 0 0 3279698 3326612 6606310 0 137879245 45803104 92076141 0 0 0 0 0 39339191 30878814 8460377 0 34898077 14306922 20591155 127733983 0 Refundable government loan funds 1468909 Net unamortized debt premium 133250 Liabilities under split interest agreements 88342 1690501 X 84097445 7283131 0 0 -95967 7187164 76910281 447353 31587271 32034624 108944905 72200422 0 0 0 0 0 72200422 447353 32087271 32534624 104735046 Schedule D, Part III, Line 4 Paintings and scultpures are maintained and used by the theatre and arts programs for class instructional purposes. Schedule D, Part IV, Line 2b Funds from the University's subsidiary are held and invested with the University's Endowment Funds. Schedule D, Part V, Line 4 The University's endowment funds consist of various funds established for a variety of purposes such as student scholarships and operating program support. Schedule D, 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. Management determined there were no tax uncertainties that met the recognition threshold at June 30, 2017 and 2016. Schedule D, Part XI, Line 2d Amount represents the subsidiary operations and change in value of split-interest agreements. Schedule D, Part XI, Line 4b Adjustments for PELL and PHEAA grants which are excluded from revenue under financial accounting standards and the addition of scholarship allowances which are reported as net revenue for the audited financial statements. Schedule D, Part XII, Line 4b Adjusting for PELL and PHEAA grants which are excluded from revenue under financial accounting standards and adding back scholarhsip allowances which are reported as net revenue for the audited financial statements. Also incudes a $500,000 contribution to the wholly-owned subsidiary which is eliminated in the consolidated financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All solicitations include disclosure of nondiscrimination on the basis of race, color, religion, sex, age, national origin, handicap, or veteran status in the administration of educational admissions and employment policies. Schedule E, Part I, Line 6 The University received the following federal and state financial aid assistance for students: Federal Pell Grants, Federal Work Study Program, Federal Supplemental Educational Opportunity Grants, Federal Perkins Loans, Federal Direct Student Loans, PHEAA State Grants, Pennsylvania Institutional Assistance Grant, U.S. Department of Health & Human Services Nursing Student Loans, Nurse Faculty Loan programs and the National Science Foundation Mathematical and Physical Sciences Grant. The University has neither had federal nor state funds revoked or suspended. 1 Central America and the Caribbean 0 0 Investments Hedge Fund 4902250 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 276049 Europe (including Iceland and Greenland) 0 0 Program Services Course Trips 61608 South America 0 0 Program Services Course trips 44921 Sub-Saharan Africa 0 0 Program Services Course Trip 17788 South Asia 0 0 Program Services Course trips 21377 Central America and the Caribbean 0 0 Program Services Course trips 18916 0 0 5342909 Tuition discount North America (including Canada and Mexico, but not the United States) 1 30000 credit tuition 0 cash value Tuition discount Europe (including Iceland and Greenland) 2 26000 credit tuition 0 cash value Tuition discount East Asia and the Pacific 1 7000 credit tuition 0 cash value 0 0 0 0 1 0 Schedule F, Part I, Line 2 The University is reporting financial aid awarded to students with a foreign address at the time aid was awarded. The student resided at the University while they were enrolled in classes and were awarded financial aid. Schedule F, Part I, Line 3 The University has interest in hedge funds in the Caribbean. The market value of the investment in the hedge fund are being reported. The University has a study abroad program in Italy for students of the University. The University also has summer study abroad programs and offers certain courses that conclude with an option to travel abroad for several days. Schedule F, Part IV, Line 5 The University has less than a 10% interest in foreign hedge funds. Dinner Dance 273041 225101 47940 0 0 23351 39958 7350 28971 Golf Outing 185270 114876 70394 0 0 0 17380 23202 18626 0 458311 339977 118334 0 0 23351 57338 30552 47597 158838 -40504 1 University Scholarships 1772 27247873 0 Federal Pell Grants 655 2170577 0 PA Higher Education Assistance Agency Grants 635 1969460 0 Federal Supplemental Educational Opportunity Grants 145 199361 Schedule I, Part I, Line 2 Scholarships are awarded on the basis of academic achievement and donor residence while grants are awarded on the basis of financial need, academic achievement, and standards as designated by the U.S. Department of Education. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Karen Walton Vp Academic Affairs 206613 0 0 0 0 0 20442 0 20434 0 247489 0 0 0 Robert Snyder VP Finance & Admin 198067 0 0 0 0 0 19887 0 16219 0 234173 0 0 0 Thomas Campbell VP for Institutional Advancement 178741 0 0 0 0 0 18140 0 8565 0 205446 0 0 0 Gerard Joyce VP for Student Life 162607 0 0 0 0 0 15501 0 20347 0 198455 0 0 0 Michael Sweetana Director of Finance & Treasurer 151952 0 0 0 0 0 15317 0 8548 0 175817 0 0 0 Peter Rautzhan Assoc VP Admin & Planning & Secretary 123449 0 0 0 0 0 12906 0 24045 0 160400 0 0 0 Christopher Cocozza Chair for Division of Business 159140 0 0 0 0 0 14587 0 18516 0 192243 0 0 0 Robert Blumenstein Dean of Undergraduate Education 157081 0 0 0 0 0 14292 0 10746 0 182119 0 0 0 Wayne Stuart Chair for Division of Healthcare 145110 0 0 0 0 0 14665 0 19711 0 179486 0 0 0 David Gilfoil MBA Program Director 143723 0 0 0 0 0 14399 0 16634 0 174756 0 0 0 Marc Albanese Assoc VP Campus Environment & PT Faculty 143626 0 0 0 0 0 13733 0 16120 0 173479 0 0 0 Schedule J, Part I, Line 1a A social club membership is paid by the University for the President to conduct University business. The Vice-President of Institutional Advancement's social club membership is partially paid by the University in order to conduct University business. A The Washington Township Municipal Authority 232729453 2015-11-19 10000000 Construction of athletic fields and electrical building 0 0 0 B The Washington Township Municipal Authority 232729453 2013-12-19 10000000 Construction of residence units 0 0 0 C Lehigh County General Purpose Authority 911886539 2010-12-22 20050000 Retired bond and construct academic building 0 0 0 D The Washington Township Municipal Authority 232729453 2007-11-07 10000000 Construction of residence hall 0 0 0 A 0 0 10000000 0 0 95329 0 9904671 0 0 2016 0 0 1 1 B 725000 0 10000000 0 0 118138 0 9881862 0 2014 0 0 1 1 C 5295000 0 20050000 0 11348864 187258 0 8513878 0 2013 1 1 1 1 D 3985000 0 10000000 0 0 98275 0 9901725 0 2009 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 C 0 0 0 0 0 0 0 1 0 1 D 0 0 0 0 0 0 0 1 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 A Upper Saucon Township Municipal Authority 236000547 2005-12-01 9609549 Partial refunding of Series 1999A Bonds dated as of 3/15/1999 0 0 0 B Upper Saucon Township Municipal Authority 236000547 2004-10-29 6300000 Construction of residence hall 0 0 0 A 4579549 0 9609549 0 9525269 73130 0 11150 0 2005 1 1 1 1 B 3165000 0 6300000 0 0 100000 0 6200000 0 2004 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Peter Gray Trustee for University 1561479 Through March 2017, Peter Gray was the Regional President of a bank that holds two of the University's revenue notes. 0 Father Joseph Morrissey Trustee for University 1086244 Father Morrissey is the General Treasurer of the Oblates of Saint Francis de Sales. The University provided payment to the Oblates for numerous faculty and administrators working at the University. 0 Teresa Coleman Trustee whose daughter is employed at the University 21408 Salary and benefits 0 X 1 3000 formal appraisal X 3024 estimated retail price X 17 765878 quoted market prices X Supplies 73 7053 estimated retail prices X Auction-Trips & Entertainment 9 6435 estimated retail value X Auction-Event Tickets 49 4464 estimated retail prices X Auction-Goods 19 2030 estimated retail value 0 0 1 0 Form 990, Part VI, Section A, Line 2 Father Morrissey is the General Treasurer of the Oblates of Saint Francis de Sales (Oblates). The University contracts with the Oblates to provide several faculty and administrators, including professional services for the President of the University. V. Rev James Greenfield is the Provincial of the Oblates of St. Francis de Sales. Form 990, Part VI, Section B, Line 11b The Audit Committee, a sub-committee of the Board of Trustees, has been delegated the authority to review and approve the Form 990 prior to its submission. Form 990 is made available to the full Board after approval by the Audit Committee and prior to its submission. Form 990, Part VI, Section B, Line 12c Officers, trustees and employees with purchasing, financial and budgetary responsibilities receive the Conflict of Interest Policy annually and are asked to acknowledge receipt and compliance with the policy by signing the document and disclosing conflicts. Form 990, Part VI, Section B, Line 15 The University's Board of Trustees approved the compensation amount for the President of the University, which is paid to the Oblates of Saint Francis de Sales. Other officers and key employees salaries are approved by the President. Form 990, Part VI, Section C, Line 19 Form 990s are made available to the public upon request. Form 990, Part XI, Line 9 Change in value of split interest agreements. Pennsylvania Shakespeare Festival 2755 Station Avenue Center Valley PA 18034 232655672 Professional theatre company PA 501(c)(3) 509(a)(2) N/A 0 Forum for Ethics in the Workplace 2755 Station Avenue Center Valley PA 18034 251893421 Ethics discussions PA 501(c)(3) 509(a)(3) Type I N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Pennsylvania Shakespeare Festival b 510000 Fair market value Pennsylvania Shakespeare Festival d 58575 Fair Market Value Pennsylvania Shakespeare Festival n 315055 Fair Market Value Pennsylvania Shakespeare Festival o 448887 Fair Market Value Pennsylvania Shakespeare Festival q 331016 Fair Market Value