2017-04-26T18:02:29-07:00 2016-06-30 990 2015-07-01 350868127 MANCHESTER UNIVERSITY INC MANC 2609825000 604 E College Avenue North Manchester IN 46962 Clair Knapp CBO and VP for Finance/Treasurer 2609825245 2017-05-01 2015 2021-01-29 14:40:06Z David McFadden 604 E College Avenue North Manchester IN 46962 101648072 0 X www.manchester.edu X 1902 IN Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 36 34 1067 53 105447 0 10410094 9638427 51020979 54773221 3310692 3445847 402853 398048 65144618 68255543 24940117 25823411 0 0 21721061 23414134 44442 31502 1478251 15853202 16945333 62558822 66214380 2585796 2041163 146951432 150030346 18510445 21486827 128440987 128543519 Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 0 0 56559069 25823411 54773221 The University offers more than sixty areas of undergraduate study, two master's programs and a professional doctorate to 1,600 students from 24 states and 20 countries. The independent, liberal arts school is located in North Manchester, IN., where 75 percent of the students live on the 120-acre campus. A four-year professional Doctor of Pharmacy program is on a Fort Wayne, IN campus. 0 0 0 56559069 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 1893 0 1 1067 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X Clair Knapp 2609825245 604 E College Avenue North Manchester IN 46962 Paris Ball-Miller Trustee 2 0 X 0 0 0 D Randall Brown Board Chair 4 0 X X 0 0 0 James Colon Trustee 1 0 X 0 0 0 Ding-Jo Currie Trustee 1 0 X 0 0 0 Susan Fitze Trustee 1 0 X 0 0 0 Lisa Ford Trustee 1 0 X 0 0 0 John Gilmore Trustee 1 0 X 0 0 0 Patricia Grant Trustee 1 0 X 0 0 0 John Haines Trustee 2 0 X 0 0 0 Steven Hammer Vice Chair 2 0 X X 0 0 0 Fuad Hammoudeh Trustee 2 0 X 0 0 0 Carolyn Hardman Trustee 1 0 X 0 0 0 Mary Haupert Trustee 2 0 X 0 0 0 C Scott Hullinger Trustee 1 0 X 0 0 0 Kyle Hupfer Trustee 1 0 X 0 0 0 Ruthann Johansen Trustee 2 0 X 0 0 0 Philip Joseph Trustee 1 0 X 0 0 0 Allen Kahler Trustee 1 0 X 0 0 0 Phillip Keiser Trustee 2 0 X 0 0 0 Joel Kline Trustee 1 0 X 0 0 0 Linda Kroll Trustee 1 0 X 0 0 0 Pedro Larco Trustee 1 0 X 0 0 0 Paula Mendenhall Trustee 1 0 X 0 0 0 Mary Ann Merryman Trustee 1 0 X 0 0 0 Madalyn Metzger Trustee 1 0 X 0 0 0 Rick Mishler Trustee 1 0 X 0 0 0 Michael Packnett Trustee 1 0 X 0 0 0 Eugene Roop Trustee 1 0 X 0 0 0 Mark Rosenbury Trustee 1 0 X 0 0 0 Lawrence Rowland Board Secretary 2 0 X X 0 0 0 Mark Sherman Trustee 1 0 X 0 0 0 Matthew Sprunger Trustee 1 0 X 0 0 0 Richard Teets Trustee 1 0 X 0 0 0 Charles Winger Trustee 2 0 X 0 0 0 John Zeglis Vice Chair 2 0 X X 0 0 0 Kent Zimmerman Trustee 1 0 X 0 0 0 David McFadden President 60 0 X 252805 0 67780 Scott Ochander VP for Enrollment & Marketing 70 0 X 65493 0 15621 Jack Gochenaur VP Financial Affairs/CBO 50 0 X 147747 0 28953 Timothy McElwee VP for Academic Resources 60 0 X 137907 0 32700 Raylene Rospond VP for Institutional Effectiveness and Dean for the College of Pharmacy 65 0 X 248445 0 24788 Whitney Caudill VP for Strategic Initiatives and External Relations 55 0 X 158627 0 18860 Melanie Harmon VP for Advancement 50 0 X 109632 0 21152 Arin Pursch VP for Human Resources 50 0 X 42595 0 81 Joseph Bonnarens Associate Dean Student Affairs 40 0 X 144039 0 10584 Michael DeBisschop Associate Dean Academic Affairs 40 0 X 133283 0 30393 Sidhartha Ray Professor Pharmaceutical Sciences 40 0 X 141861 0 30118 Tracy Brooks Assistant Professor of Pharmacy Practice 40 0 X 127427 0 30080 David Kisor Professor and Department Chair for Pharmaceutical Sciences 40 0 X 135643 0 30042 Jo Young Switzer Former President 0 0 X 146580 0 0 1992084 0 341152 23 1 1 0 Compass Group USA Inc Total 91337 Collections Dr PO Box 91337 Chicago IL 606931337 Student dining services 2439325 Group Administrators LTD 915 National Pkwy Ste F Shaumburg IL 60173 Health plan administrator 560471 Key Government Finance Inc Total PO Box 74238 Cleveland OH 44194 Equipment leases 504878 Advanced Systems Group 7614 Opportunity Dr Fort Wayne IN 46825 Audiovisual technology 451864 University Lease 18201 Von Karman Ave Ste 420 Irbine CA 92612 Equipment leases 255576 14 0 0 26715 0 5117391 4494321 328029 9638427 Tuition and fees 611310 44882004 44882004 0 0 Room and board 611310 8418473 8418473 0 0 Facility and technology fees 611310 1306425 1306425 0 0 Enrollment and application fees 611310 119550 119550 0 0 Student services/extracurricular 611310 9117 9117 0 0 37652 37652 0 0 54773221 1930620 0 0 1930620 614 0 0 614 0 0 0 0 28306 0 5446 0 22860 0 22860 0 0 22860 34184643 237855 32686787 221098 1497856 16757 1514613 0 0 1514613 11120 26715 13317 -2197 0 -2197 478330 465881 12449 0 7360 5089 Auxiliary Services 721000 306175 0 98087 208088 58761 58761 0 0 364936 68255543 54831982 105447 3679687 20600 20600 24648153 24648153 1154658 1154658 1402782 412790 781028 208964 17090658 13245860 3173392 671406 1093194 847264 202984 42946 2546852 1973900 472899 100053 1280648 951282 269873 59493 66805 0 66805 0 74748 0 74748 0 31502 31502 370905 370905 1221549 687662 527335 6552 474078 162595 306498 4985 1393327 822582 488311 82434 1096839 814746 231139 50954 1476205 980563 495642 749312 685922 40395 22995 31607 0 31607 0 308067 308067 0 0 3821404 3821404 0 0 191055 101755 89300 0 Equipment and Maintenance 790655 661309 125982 3364 Curriculum Development 2274112 1658839 422670 192603 Library Resources 239667 239667 0 0 Room and Board 2129400 2129400 0 0 235598 230051 5547 0 66214380 56559069 8177060 1478251 251983 96022 992720 337931 4810685 4913559 476380 1190953 0 0 0 0 1137886 979615 369848 374442 256553 318931 123101670 52574950 68541592 70526720 69634186 70803698 0 0 0 0 0 0 479599 488475 146951432 150030346 2878517 2885129 0 0 851551 1062053 8264634 7756447 1833695 1697614 0 0 0 0 0 1900000 4682048 6185584 18510445 21486827 X 63204950 63677921 27243333 26049072 37992704 38816526 128440987 128543519 146951432 150030346 X 2041163 -1828037 0 0 0 -110594 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 0 1 X 55890298 823822 1099653 1125557 869425 0 55818791 54426033 2298286 886302 996645 723678 0 55890298 47293977 1842863 7014235 919106 805936 0 54426033 42936451 1381342 4545014 785530 783300 0 47293977 42883559 979390 528166 862483 592181 0 42936451 0.08 0.7 0.22 1 0 0 2490977 2490977 108921 93203040 34719547 58592414 0 0 0 0 0 24761642 16307242 8454400 0 2537090 1548161 988929 70526720 0 Obligations under capital leases 4018204 US Government student loan funds 1200502 Asset retirement obligations 404664 Split interest trusts 197024 Custodial funds 365190 6185584 X 40627839 -1828037 0 0 374049 -1453988 42081827 370905 25802811 26173716 68255543 40525307 0 0 0 484644 484644 40040663 370906 25802811 26173717 66214380 Schedule D, Part III, Line 1 The University follows a policy not to record or capitalize its collections of works of art, historical treasures and similar assets. These collections are held for public exhibition, education and research in furtherance of the University's educational and public service mission. The collections are appropriately cared for and preserved and subject to a University policy that requires the proceeds from sales, if any, of collection items to be used to acquire other items for the collection. The policy also requires disclosure in the audited financial statements of any items acquired, sold, destroyed or otherwise disposed of during the year just completed. At June 30, 2016 and 2015, there were no reportable activities in collections. Schedule D, Part III, Line 4 The University is home to more than 90 original works of art created in various media by former students and well-known artists. The art decorates buildings across campus, with the majority of work housed in Funderburg Library. The collection adds to the educational purposes of the University by providing a more esthetically pleasing environment in which students can study and learn. A small number of pieces, particularly portraits, can be used as tools for students to examine techniques. Schedule D, Part IV, Line 2b Manchester University has a number of charitable gift annuities. Schedule D, Part V, Line 4 Manchester University's endowment funds are used to support scholarships, academic programs, and faculty development according to donor restrictions. Board designated endowment funds are used for special projects. Schedule D, Part X, Line 2 The Internal Revenue Service has determined that the University is a tax exempt, not-for-profit organization as defined in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the University is generally not subject to federal or state income taxes except for certain income derived from unrelated business activities as defined by the IRC. Any such taxes resulting from unrelated business activities are insignificant to the operations of the University. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2016 and 2015. The University is no longer subject to examination by U.S. federal taxing authorities for years before 2013 and for all state income taxes through 2013. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of June 30, 2016 and 2015. Schedule D, Part XI, Line 2d Cost of goods sold $465,881, rental expenses $5,446, fundraising expenses $13,317, and change in value of charitable gift annuities and unitrusts ($110,594). Schedule D, Part XI, Line 4b Tuition discounts Schedule D, Part XII, Line 2d Cost of goods sold $465,881, rental expenses $5,446, and fundraising expenses $13,317. Schedule D, Part XII, Line 4b Tuition discounts 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Manchester University publishes its nondiscriminatory policy in the University student catalogs, multiple informational areas on the University website, and in most print pieces. The University enrolls meaningful numbers of minority students. "Manchester University is committed to non-discrimination in campus life. The University does not discriminate on the basis of nationality or ancestry, race, color, age, sex, gender identity or expression, sexual orientation, familial status, religion, disability, physical characteristics, or veteran status in admissions or any area of campus life, including its educational programs, scholarships and loan awards, residence life programs, athletic programs, extracurricular programs, promotion and tenure policies and practice, and alumni affairs." Schedule E, Part I, Line 6 The University receives financial assistance from the Department of Education in the form of Title IV funds, including Pell grants, Federal Supplemental Education Opportunity grants, Perkins loan funds, and Direct Loans. The University also receives financial aid from the Indiana Commission for Education - Student Financial Aid in grants such as Frank O'Bannon, 21st Century, etc. 1 Central America and the Caribbean 0 0 Grantmaking Student financial aid 22630 East Asia and the Pacific 0 0 Grantmaking Student financial aid 84702 Europe (including Iceland and Greenland) 0 0 Grantmaking Student financial aid 453946 Middle East and North Africa 0 0 Grantmaking Student financial aid 59122 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Student financial aid 3543 South America 0 0 Grantmaking Student financial aid 54321 South Asia 0 0 Grantmaking Student financial aid 25442 Sub-Saharan Africa 0 0 Grantmaking Student financial aid 450952 South Asia 0 0 Program Services Recruiting 20054 Central America and the Caribbean 0 0 Program Services Student study abroad 78271 Europe (including Iceland and Greenland) 0 0 Program Services Student study abroad 48022 Middle East and North Africa 0 0 Program Services Student study abroad 37447 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences Speaking at seminars or conferences 1859 0 0 1340311 Student financial aid Central America and the Caribbean 2 22630 Student financial aid Actual amount awarded Student financial aid East Asia and the Pacific 4 84702 Student financial aid Actual amount awarded Student financial aid Europe (including Iceland and Greenland) 18 453946 Student financial aid Actual amount awarded Student financial aid Middle East and North Africa 4 59122 Student financial aid Actual amount awarded Student financial aid North America (including Canada and Mexico, but not the United States) 1 3543 Student financial aid Actual amount awarded Student financial aid South America 2 54321 Student financial aid Actual amount awarded Student financial aid South Asia 2 25442 Student financial aid Actual amount awarded Student financial aid Sub-Saharan Africa 23 450952 Student financial aid Actual amount awarded 0 0 0 0 0 0 Schedule F, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of eligible Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree are eligible for loans only. X X X X X X X 1 Bentz Whaley Flessner 7251 Ohms Ln Minneapolis MN 55439 Consulting for major gift fundraising. 0 0 31502 -31502 0 31502 -31502 IN Auburn Golf Outing 37835 26715 11120 0 1376 3438 5860 0 2643 0 0 37835 26715 11120 0 1376 3438 5860 0 2643 13317 -2197 1 North Manchester Fire Department 709 W Main Street North Manchester IN 46962 356001144 15000 Firetruck and fireworks 1 0 Student financial aid 1190 0 24648153 Actual amounts awarded Student financial aid is applied directly to student accounts. Schedule I, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of eligible Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree are eligible for loans only. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 David McFadden President 250676 0 0 0 2129 0 23499 0 44281 0 320585 0 0 0 Jo Young Switzer Former President 146580 0 0 0 0 0 0 0 0 0 146580 0 140250 0 Raylene Rospond Vice President and Dean of the College of Pharmacy 247601 0 0 0 845 0 17430 0 7358 0 273234 0 0 0 Whitney Caudill VP for University Engagement 158205 0 0 0 422 0 11385 0 7476 0 177488 0 0 0 Jack Gochenaur VP Financial Affairs/CBO 146520 0 0 0 1226 0 14065 0 14888 0 176699 0 0 0 Timothy McElwee VP for Academic Resources 136879 0 0 0 1029 0 12750 0 19951 0 170609 0 0 0 Sidhartha Ray Professor Pharmaceutical Sciences 141071 0 0 0 790 0 10167 0 19951 0 171979 0 0 0 David Kisor Professor/Chair Pharmaceutical Sciences, Director Pharmacogenomics Masters Program 134868 0 0 0 775 0 10129 0 19913 0 165685 0 0 0 Michael DeBisschop Associate Dean Academic Affairs 132808 0 0 0 475 0 10107 0 20286 0 163676 0 0 0 Tracy Brooks Assistant Professor of Pharmacy Practice 126954 0 0 0 473 0 9796 0 20284 0 157507 0 0 0 Joseph Bonnarens Associate Dean Student Affairs 143564 0 0 0 475 0 10249 0 335 0 154623 0 0 0 Schedule J, Part I, Line 1a For the convenience of the University, and as a condition of employment, the President is provided with housing on the University campus. A Wabash County Indiana 356000208 2013-03-22 9000000 Refunding (Series 2002) REFD (Series 1995) Bond 0 0 0 A 8198411 0 9000000 706581 0 0 95000 0 0 0 0 0 2028 0 1 0 1 A 0 0 0 0 0.01 0 0.01 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 Merit based scholarship Family member of a trustee 8250 Merit based scholarship Scholarship Heather Gochenaur Family member of Officer 55351 Employment 0 Lila Hammer Family member of a Trustee 77676 Employment 0 Renee McFadden Family member of an Officer 22500 Employment 0 David Switzer Family member of an Officer 34317 Employment 0 X 600 FMV X 22 320271 Market Quotes X 1 4826 FMV X Equipment 2 730 FMV X Landscaping 1 268 FMV X Miscellaneous 2 1335 FMV 0 0 1 0 Schedule M, Part I Number of contributions Form 990, Part VI, Section B, Line 11b The Board of Trustees has assigned the responsibility of annually reviewing the University's Form 990 to the Audit Committee. The Board of Trustees was provided with access to an electronic copy of the Form 990 prior to filing. Form 990, Part VI, Section B, Line 12c Each board member is required to complete a Conflict of Interest statement annually. The statements are reviewed by both the Chair of the Board and the President. Both make assessments of the comments and discuss the results of their review together. If questions arise as a result of the review they are asked and responded to. Annually the Audit Committee will inquire of the Chair of the Board as to confirmation that all Conflict of Interest statements were turned in, appropriately completed and reviewed, and will report this to the full board. The Chair of the Audit Committee reviews the Conflict of Interest statements of the President and the Chair of the Board. It is the responsibility of the Chair of the Board, the President, and Board members to disclose any conflict of interest in any Board item being considered for action by the Board. Form 990, Part VI, Section B, Line 15 The President's compensation package is reviewed annually by an Ad Hoc Committee of Executive Committee members appointed by the Chair of the Board. Data is collected by the Director of Human Resources as requested by the Ad Hoc Committee. Compensation is reviewed and compared to CUPA data. The Ad Hoc Committee reports their recommendation at an executive session of the Executive Committee. Confidential minutes are taken of these discussions and kept for documentation. The Executive Committee reports their work and findings to the Board, also in executive session. The Audit Committee verifies with the Chair of the Board that this process has been appropriately completed annually. Form 990, Part VI, Section C, Line 19 The University's Form 990 is accessible on the GuideStar website. Form 990-T, and audited financial statements are available upon request. Conflict of Interest statements and other governing documents of the University are considered confidential and are not made available to the public. Form 990, Part XI, Line 9 Change in value of charitable gift annuities and unitrusts Charitable remainder trusts (7) charitable remainder trust IN N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0