2018-04-13T13:19:28-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-07-01 231657958 Neumann University NEUM 6105585503 One Neumann Drive Aston PA 190141298 Gene McWilliams VP Finance & Admin 6105585503 2018-04-10 1 Julius C Green CPA P00350393 2159720701 96.89.178.154 2018-04-10 11:57:02 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 09BFDC1899F17E3078D3BFAC4AC4CA54C65D6F68 2016 2021-01-29 14:40:06Z Gene McWilliams One Neumann Drive Aston PA 190141298 92189349 0 X WWW.NEUMANN.EDU X 1965 PA TO MAINTAIN AND OPERATE A COLLEGE FOR THE LIBERAL EDUCATION OF MEN AND WOMEN. 28 27 978 33 -283 -283 6459527 3083227 65737073 63872358 1258018 1459000 1098108 818362 74552726 69232947 18251178 17648804 0 0 27067492 27334127 22727 0 1497663 24987927 24476480 70329324 69459411 4223402 -226464 134835469 135248876 44116781 43177158 90718688 92071718 X NEUMANN UNIVERSITY EDUCATES A DIVERSE COMMUNITY OF LEARNERS BASED UPON THE BELIEF THAT KNOWLEDGE IS A GIFT TO BE SHARED IN THE SERVICE OF OTHERS AND THAT LEARNING IS A LIFELONG PROCESS. 0 0 58543633 17648804 63877227 Neumann University is a private, Catholic, Franciscan, Co-Educational University.Fall enrollment (full time and part time) for 2017 was 2,715 students pursuing undergraduate and graduate degrees. The University offers Bachelor of Arts and Bachelor of Science degrees in a broad range of subjects. Graduate degrees include three Doctoral Programs and six Master of Science Programs. Student activities include numerous club activities, art and musical groups, and nineteen sports teams.Faculty and students have been recognized by many organizations for their respective contributions to academic excellence and community service. During the year ended June 30, 2017, the University provided students with financial aid from internal resources of approximately $17,600,000 which represented about 32% of gross tuition and fee revenue for the year. 58543633 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 159 0 1 978 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CO KY ME MD MA MI NH NY OH OK OR WA PA SC X Gene McWilliams VP Finance Admin 6105585503 One Neumann Drive Aston PA 190141298 James D Delaney Chair 1.00 X X 0 0 0 Ann Baiada RN CRRN Vice Chair 1.00 X X 0 0 0 Sr Marie Angela Presenza OSF Secretary 1.00 X X 0 0 0 DR ROSALIE M MIRENDA PRESIDENT (Retire 6/30/17) 50.00 X X 401504 0 25713 Peter Abessinio TRUSTEE 1.00 X 0 0 0 Sr Esther Anderson OSF TRUSTEE 1.00 X 0 0 0 Rev Msgr Federico Britto TRUSTEE 1.00 X 0 0 0 Thomas A Bruder Jr TRUSTEE 1.00 X 0 0 0 Renold J Capocasale TRUSTEE 1.00 X 0 0 0 Teresa S Coffey TRUSTEE 1.00 X 0 0 0 Deacon Daniel N DeLucca PdD TRUSTEE 1.00 X 0 0 0 Jay Devine TRUSTEE 1.00 X 0 0 0 Thomas M Dugan TRUSTEE 1.00 X 0 0 0 Sr Mary Farrell OSF TRUSTEE 1.00 X 0 0 0 John C Ford TRUSTEE 1.00 X 0 0 0 Regina Haney EdD TRUSTEE 1.00 X 0 0 0 Sr Elizabeth Howe OSF TRUSTEE 1.00 X 0 0 0 Frank J Janton TRUSTEE 1.00 X 0 0 0 Richard F Klineburger III Esq TRUSTEE 1.00 X 0 0 0 Michael Krancer Esq TRUSTEE 1.00 X 0 0 0 Salvatore J Mattera TRUSTEE 1.00 X 0 0 0 Rev Msgr Joseph C McLoone TRUSTEE 1.00 X 0 0 0 Marian D Moskowitz TRUSTEE 1.00 X 0 0 0 Jeff Mullen TRUSTEE 1.00 X 0 0 0 Thomas P Phiambolis MD TRUSTEE 1.00 X 0 0 0 Francis G X Pileggi Esq TRUSTEE 1.00 X 0 0 0 Sr Christa Marie Thompson OSF PhD TRUSTEE 1.00 X 0 0 0 Michael J Tierney Esq TRUSTEE 1.00 X 0 0 0 Steven Bell Exec. Director Public Relations 40.00 X 102901 0 15473 David Brownlee VP Human Resources & RM 40.00 X 131718 0 17098 Dianna Dale VPE & SA 40.00 X 145446 0 18169 Lawrence DiPaolo VPAA 40.00 X 160000 0 22637 Danielle McNichol General Counsel 40.00 X 107325 0 6328 Gene McWilliams VP FINANCE & ADMIN 40.00 X 68564 0 53950 David O'Leary Exec. Director ITR 40.00 X 115450 0 16274 Henry Sumner VP IAUR 40.00 X 135122 0 27460 LAWRENCE BURGEE DEAN of BUSINESS & INFO MGMT 40.00 X 151982 0 28526 Kathleen Hoover Dean Nursing & Health Sciences 40.00 X 125725 0 20122 ALFRED MUELLER DEAN of ARTS & SCIENCES 40.00 X 122484 0 26624 Ardeshir Shahmaei BUSINESS FACULTY 40.00 X 121548 0 16664 Mehdi Hojjat BUSINESS FACULTY 40.00 X 116161 0 16317 2005930 0 311355 23 0 1 0 Sodexo Operations LLC 4880 Paysphere Circle Chicago IL 60674 Food Service 2560094 Aramark PO Box 33170 Newark NJ 07188 Facility Services 1994688 Allied Universal PO Box 828854 Philadelphia PA 19182 Campus Security services 1671382 John S McManus Inc PO Box 418 Chester Heights PA 19017 Construction Management Services 253460 Kovatch Landscaping PO Box 2147 Aston PA 19014 Landscaping Services 190776 5 231348 1328577 1523302 3083227 TUITION AND FEES 611310 56359137 56359137 ROOM AND BOARD 611310 7513221 7513221 63872358 637765 136 637629 123024 128343 -5319 -5319 -283 -5036 23075777 22254542 821235 821235 821235 91131 231348 115817 -24686 -24686 657976 457700 200276 200276 Child Development Center 611310 258200 258200 Bookstore Revenue 900099 137508 137508 Meal Revenue 722210 122485 122485 129898 4733 125165 648091 69232947 63877227 -283 2272776 X 17648804 17648804 1693068 631882 942430 118756 18870812 16080246 2051494 739072 846006 704360 98792 42854 4541484 2854219 1545588 141677 1382757 1168993 152024 61740 49198 49198 77315 77315 10000 10000 8580389 6139826 2279709 160854 901192 815073 86119 2152423 1490907 495070 166446 77334 34984 42110 240 2255566 2224994 30572 554158 491415 60821 1922 80316 60293 16149 3874 1698153 1698153 3123422 3123422 638463 638463 Food 1926423 1926423 Other Education Expense 740894 289407 451487 Library Expenses 435522 435522 Entertainment 265628 162723 64602 38303 910084 561987 336172 11925 69459411 58543633 9418115 1497663 6859 5201 17322630 18217795 561170 566108 201926 357566 191509 208240 447505 562787 1209149 708879 133768731 55312388 80470134 78456343 30031319 32919895 1175203 1175203 1740111 1646566 1477954 424293 134835469 135248876 3211229 4114071 313572 260082 39077418 37337779 1514562 1465226 44116781 43177158 X 77019370 76766977 5420405 6298665 8278913 9006076 90718688 92071718 134835469 135248876 -226464 1579494 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10000 10000 0 Part II-B, Line 1: Neumann University has retained the services of Mary Shields Government Relations, LLC for the purpose of lobbying activities to acquire federal and state grants and appropriations. The fees for these services for the year ended 6/30/2017 are $10,000. 28018805 727163 2987190 183265 797730 30752163 28205381 607373 137832 183036 748745 28018805 27614546 602930 849353 170296 691152 28205381 24238106 520326 3649001 157169 635718 27614546 22292818 538560 2111900 134894 570278 24238106 0.61400 0.29290 0.09310 0 0 2318097 2318097 99274604 27787109 71487495 17358562 15849944 1508618 14817468 11675335 3142133 78456343 STUDENT DEOSITS AND ADVANCE PAYMENTS 1404389 ADVANCES FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 60837 1465226 X 53865497 1579494 -17648804 -16069310 69934807 -701860 -701860 69232947 52512467 701860 701860 51810607 17648804 17648804 69459411 Part V, Line 4: Endowment funds are used to provide for scholarships, operating costs, and future capital projects. Part X, Line 2: The University follows the FASB guidance that requires a tax position to be recognized or derecognized based on a "more likely than not" threshold. The University does not believe its financial statements include any uncertain tax positions. The University's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No interest or penalties were recognized in 2017 and 2016. Part XI, Line 2d - Other Adjustments: Student aid netted against revenues on the financials -17,648,804. Part XI, Line 4b - Other Adjustments: BOOKSTORE EXPENSES -457,700. fundraising expenses -115,817. RENTAL EXPENSES -128,343. Part XII, Line 2d - Other Adjustments: BOOKSTORE EXPENSES 457,700. fundraising expenses 115,817. RENTAL EXPENSES 128,343. Part XII, Line 4b - Other Adjustments: Student aid netted against revenues on the financials 17,648,804. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 RACIALLY NON-DISCRIMINATORY POLICY APPEARS IN ALL ADVERTISEMENTS AND THE STUDENT AFFAIRS HANDBOOK. Schedule E, Part I, Line 6 NEUMANN UNIVERSITY RECEIVES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) INSTITUTIONAL ASSISTANCE FUNDS AS WELL AS FUNDS FROM THE DEPARTMENT OF EDUCATION AND THE STATE OF DELAWARE FOR FINANCIAL AID TO STUDENTS. Scholarship Gala 255200 211600 43600 2840 43600 4275 17571 "Evening In" 46180 14776 31404 31404 1 21099 4972 16127 16127 322479 231348 91131 2840 91131 4275 17571 115817 -24686 1 Student aid 1604 17648804 Part I, Line 2: Neumann University's process for monitoring Financial Aid and monitoring grant funds is a combination of procedures involving the following offices; Financial Aid, Institutional Advancement, Registrar, and the Business Office. Institutional Advancement and the Financial Aid Office award scholarships and grants according to the specifications/requirements of the specific award. The Financial Aid Office, Registrar, and Business Office coordinate the awarding and documentation of Financial Aid to include eligibility of Financial Aid, notification of students, change of status, and reconcilement of student accounts. X X 0 0 0 0 0 0 0 0 0 DR ROSALIE M MIRENDA PRESIDENT (Retire 6/30/17) 401504 0 0 0 0 0 15826 0 9887 0 427217 0 0 0 Dianna Dale VPE & SA 145446 0 0 0 0 0 8726 0 9443 0 163615 0 0 0 Lawrence DiPaolo VPAA 160000 0 0 0 0 0 3200 0 19437 0 182637 0 0 0 Henry Sumner VP IAUR 135122 0 0 0 0 0 8107 0 19353 0 162582 0 0 0 LAWRENCE BURGEE DEAN of BUSINESS & INFO MGMT 151982 0 0 0 0 0 9113 0 19413 0 180508 0 0 0 A Delaware County Authority 231973437 246009MT0 2010-11-10 26382471 Refund 1998A and 2001 bond issues 0 0 0 B Delaware County Authority 231973437 246008NU6 2016-01-28 18625494 construction financing & advanced refunding of 2008 bonds 0 0 0 A 6717471 26382471 399269 25983202 2011 1 1 1 1 B 2015494 18625494 16248491 343600 558449 2036402 2016 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 1 1 0 0.01000 0.00000 0.01000 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 schedule k, part iii, line 9 the organization does not have any nonqualified bonds. Form 990, Part VI, Section A, line 6 THE MEMBERS OF THE UNIVERSITY CONSIST OF THE CONGREGATIONAL MINISTER AND THE COUNCIL OF THE RELIGIOUS CONGREGATION OF THE SISTERS OF SainT FRANCIS OF PHILADELPHIA. Form 990, Part VI, Section A, line 7a Sisters of Saint Francis reserve the power to choose the President of the University. Form 990, Part VI, Section A, line 7b The Sisters of Saint Francis have certain reserve power regarding decisions of the governing body. Form 990, Part VI, Section B, line 11b The form 990 is shared with the Audit Committee of the Board of Trustees. After Form 990 is reviewed by the Audit committee, a final copy is sent to each member of the Board of Trustees before Form 990 is filed. The annual federal non-profit tax return form, IRS form 990, applicable to Neumann University, is completed and submitted to the IRS by the Neumann University administration through the office of the Vice President for Finance and Administration. Form 990, Part VI, Section B, line 12c All officers, trustees and key employees review and sign the conflict of interest policy annually. The University President and general counsel review the signed statements and handle any conflicts of interest. Individuals with a conflict of interest must abstain from voting on the matter. Form 990, Part VI, Section B, line 15 The President has a contract with a term of three years. The President's compensation is reviewed by a sub-committee of the Executive Committee of the Board of Trustees. The process (every three years) includes a review of peer compensation (College and University Professional Association (CUPA) - Human Resources survey), the University's mission and vision, economic climate for the region, and the achievement of goals as contained in the Strategic Plan. When this process is completed, the President's compensation is decided and included in the annual budget, which is approved by the Board of Trustees. Increase in compensation is consistent for all key employees and officers of Neumann University and included in the annual budget which is approved by the Board of Trustees. The percentage increase for university employees is a combination of economic conditions for the region and the CUPA survey. This review is documented contemporaneously. Form 990, Part VI, Section C, line 19 Access to the University's Governing Documents, Conflict of Interest Policy, and Financial Statements will not be unreasonably withheld. Form 990, Part IX, line 11g Contracted Services: Program service expenses 4,542,766. Management and general expenses 588,205. Fundraising expenses 160,854. Total expenses 5,291,825. Maintenance Contracts: Program service expenses 379,886. Management and general expenses 522,326. Fundraising expenses 0. Total expenses 902,212. Housekeeping Contracts: Program service expenses 1,217,174. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,217,174. A/R COLLECTION EXPENSE: Program service expenses 0. Management and general expenses 1,169,178. Fundraising expenses 0. Total expenses 1,169,178. SISTERS OF ST FRANCIS OF PHILADELPHIA 609 S Convent Road Aston PA 19014 CONGREGATION OF CATHOLIC WOMEN RELIGIOUS PA 501(c)(3) Line 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0