2018-03-22T18:04:13-05:00 2017-05-31 310905417 VONLEHMAN & COMPANY INC 810 WRIGHTS SUMMIT PARKWAY SUITE 300 FORT WRIGHT KY 410112993 990 2016-06-01 610448560 THOMAS MORE COLLEGE THOM 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DAVID ARMSTRONG PRESIDENT 8593443513 2018-03-05 1 THEODORE J FUNK P00002545 8593313300 69.61.206.123 2018-03-05 14:43:07 ES P D23CD114D1C5B68D03BCBC928B05939AC7CB88D6 B0E9BCF02581965863D82C05FF16C35CAC1BEA9C 2016 2021-01-29 14:40:06Z DAVID ARMSTRONG 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 72691744 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. 23 19 837 100 0 0 1768255 3681599 38091148 42232956 239859 637725 324369 339242 40423631 46891522 14325979 16645808 0 0 13179665 14393829 0 0 463236 14189595 14044497 41695239 45084134 -1271608 1807388 43737648 45734519 16031177 14872202 27706471 30862317 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 35429494 16645808 42232956 PROGRAM SERVICE DISBURSEMENTS ARE APPLIED TO THE FURTHERANCE OF THE COLLEGE'S EXEMPT PROGRAMS OF HIGHER EDUCATION 35429494 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 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 2994 0 1 837 1 0 0 0 0 0 1 1 0 0 0 0 X 23 19 1 1 0 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 DR MARIA C GARRIGA TRUSTEE 40.00 X 70382 0 13030 SR MARY ETHEL PARROTT SND TRUSTEE 0.00 X 0 0 0 BRENT J MESSMER TRUSTEE 0.00 X 0 0 0 JOHN F HODGE III TRUSTEE 0.00 X 0 0 0 MELISSA A LUEKE CHAIRPERSON 0.00 X X 0 0 0 MARC J NELTNER CHAIR-ELECT 0.00 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 225597 0 60520 DR LAWRENCE T BYERLY TRUSTEE 37.50 X 82124 0 13099 DR ANTHONY R ZEMBRODT TRUSTEE 0.00 X 0 0 0 JEROME R BAHLMANN TRUSTEE 0.00 X 0 0 0 MEGAN E BARTON TRUSTEE 0.00 X 0 0 0 GARY E HOLLAND 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 JEFFREY C BRIGGS CFO 37.50 X 113360 0 15989 CHARLENE K BARLOW SECRETARY 37.50 X 45843 0 17889 KATHLEEN JAGGER VP ACADEMIC AFFAIRS 37.50 X 122258 0 8580 659564 0 129107 3 0 1 0 ARAMARK SERVICES 333 THOMAS MORE PKWY CRESTVIEW HILLS KY 41017 FOOD & MAINTENANCE SERVICES 2687283 HELIX EDUCATION PO BOX 894 SALT LAKE CITY UT 84110 ADULT EDUCATION PROGRAM MANAGE 2567023 JENZABAR PO BOX 55018 BOSTON MA 02205 IT SERVICE/SOFTWARE 777328 ROYALL & COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULTANT 163453 DRESSMAN BENZINGER LAVELLE 221 E 4TH ST STE 2500 CINCINNATI OH 45202 LEGAL SERVICES 148195 5 96566 3585033 494232 3681599 STUDENT TUITION 611710 38047067 38047067 AUXILIARY 611710 3269404 3269404 OTHER 611710 916485 916485 42232956 462532 462532 352096 0 352096 352096 352096 25943661 25768468 175193 175193 175193 18900 96566 31754 -12854 -12854 46891522 42232956 0 976967 X 16645808 16645808 14393829 10677751 3357839 358239 6854040 2903533 3917433 33074 270261 12843 257418 203298 185438 13965 3895 675617 559624 106003 9990 433623 347332 85618 673 1279172 1093820 179567 5785 366532 199729 158571 8232 BOOK RENTAL PROGRAM 1124801 1124801 MISCELLANEOUS 853620 364509 459243 29868 UTILITIES 626222 426451 199771 SUPPLIES 555745 425504 126648 3593 801566 462351 329328 9887 45084134 35429494 9191404 463236 336752 1434919 1940566 1819111 2047121 1984253 2484224 2135628 586277 508451 51467076 31776304 19289274 19690772 17053434 18161385 43737648 45734519 2299219 2355589 1985248 1843673 4450000 4045000 5907869 5210736 1388841 1417204 16031177 14872202 X 7382638 9052518 2777369 3780782 17546464 18029017 27706471 30862317 43737648 45734519 X 1807388 1243689 104769 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153315 0 19533067 482553 1644840 751395 20909065 19917154 833882 -432580 785389 19533067 15636710 4077440 930383 727379 19917154 14448108 72563 1878827 762788 15636710 12506723 392238 2270417 721270 14448108 0.14000 0.86000 0 0 4356136 4356136 36494653 22309909 14184744 9753402 8658888 1094514 862885 807507 55378 19690772 SECURITIES AND OTHER INVESTMENTS 18161385 F 18161385 OTHER LIABILITIES 1417204 1417204 X 31926306 1243689 300380 136523 1680592 30245714 16645808 16645808 46891522 28770460 300380 31754 332134 28438326 16645808 16645808 45084134 PART X, LINE 2: THE COLLEGE HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE COLLEGE RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED MAY 31, 2017 AND 2016. IF THE SITUATION AROSE IN WHICH THE COLLEGE 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 COLLEGE IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 31,754. CHANGE IN VALUE OF INTEREST RATE SWAP 104,769. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,645,808. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 31,754. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,645,808. 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 57733 57733 8480 3179 4218 GOLF OUTING 57733 38833 18900 8480 3179 4218 115466 96566 18900 16960 6358 8436 31754 -12854 1 STUDENT AID AND SCHOLARSHIPS 1326 16645808 PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE COLLEGE. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DAVID A ARMSTRONG PRESIDENT 218281 0 0 0 7316 0 30623 0 29897 0 286117 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A BONUS TO TWO KEY EMPLOYEES. A CITY OF CRESTVIEW HILLS KY 611018215 2008-12-17 7180000 CURRENT REFUNDING OF SERIES 1998 AND SERIES 2001 BONDS 0 0 0 A 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 1 A 1 44550 MERIT BASED SCHOLARSHIP X 10 112667 FAIR MARKET VALUE X 21 5757 FAIR MARKET VALUE X BUILDING EQUITY 1 350000 FAIR MARKET VALUE X EQUIPMENT 4 17375 FAIR MARKET VALUE X SUPPLIES 8 8433 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 COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER SARAH GIOLANDO IS THE SENIOR VP, STRATEGIC DEVELOPMENT AT ST. ELIZABETH HOSPITAL. BOARD MEMBER JOHN HODGE IS MAJORITY OWNER OF CENTURY CONSTRUCTION WHO PERFORMS WORK FOR TMC. 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 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 COLLEGE 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 COLLEGE 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 1,286,445. MANAGEMENT AND GENERAL EXPENSES 920,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,206,595. SERVICES: PROGRAM SERVICE EXPENSES 1,617,088. MANAGEMENT AND GENERAL EXPENSES 2,997,283. FUNDRAISING EXPENSES 33,074. TOTAL EXPENSES 4,647,445. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP 104,769. FORM 990, PART XII, LINE 2C: THE COLLEGE'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.