2016-11-15T12:53:54-06:00 2016-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2015-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 ROGER K TOWLE VP FOR FINANCIAL AFFAIRS 7244582000 2016-11-01 1 RICHARD E DYNOSKE P00095538 4123389300 2015 2017-02-10 21:41:12Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 106717496 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION 35 35 1877 100 336282 -802615 8465871 6016191 60423683 61046219 4611431 6811719 965292 1024109 74466277 74898238 6620967 6652253 0 0 36195564 36595190 108809 0 1960262 30062432 30013938 72987772 73261381 1478505 1636857 302398110 293913891 32415867 33733196 269982243 260180695 SCHOOL OF HIGHER EDUCATION 0 0 29961279 6625587 40023233 ACADEMIC INSTRUCTION 5187296 26666 0 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CARE 23234034 0 21331042 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 58382609 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 3224 0 1 1877 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 0 0 X 35 35 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 ARTHUR J SCHWAB ESQ TRUSTEE 1.00 X 0 0 0 DAVID FORNEY TRUSTEE 0.50 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 0.50 X 0 0 0 CHARLOTTE A ZUSCHLAG TRUSTEE 1.00 X 0 0 0 DIANE ELLIS TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR 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 DAWN M OWENS TRUSTEE 0.50 X 0 0 0 THEODORE JOHNSON TRUSTEE 0.50 X 0 0 0 ALLYSON BAIRD SVEDA TRUSTEE 0.50 X 0 0 0 EDWARD D BREEN TRUSTEE 0.50 X 0 0 0 HENRY W HOPEMAN TRUSTEE 1.00 X 0 0 0 JACK KOPNISKY TRUSTEE 1.00 X 0 0 0 JODY LYNNE MATHIE TRUSTEE 0.50 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 ROBB JONES TRUSTEE 1.00 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 PHILIP GASIEWICZ TRUSTEE 2.00 X 0 0 0 RONALD H MILLER TRUSTEE 1.00 X 0 0 0 SAMUEL G CASOLARI JR ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM STEWART TRUSTEE 0.50 X 0 0 0 DAN SANDMAN TRUSTEE 0.50 X 0 0 0 COURTNEY BABCOCK BORNTRAEGER TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 DOUGLAS MUETZEL TRUSTEE 0.50 X 0 0 0 RALEIGH PETERS TRUSTEE 0.50 X 0 0 0 WILLIAM A MEHAFFEY TRUSTEE 0.50 X 0 0 0 ANNE M MCCLELLAND TRUSTEE 0.50 X 0 0 0 SALLY B MCKELVEY TRUSTEE 0.50 X 0 0 0 KIRON K SKINNER PHD TRUSTEE 0.50 X 0 0 0 GERALD BULLOCK TRUSTEE 0.50 X 0 0 0 GLEN MEAKEM TRUSTEE 0.50 X 0 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 40.00 X 139538 0 23388 LARRY HARDESTY VP FOR STUDENT LIFE AND LE 40.00 X 108200 0 21096 PAUL J MCNULTY PRESIDENT 40.00 X 317964 0 58427 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 40.00 X 177694 0 34552 VINCE DISTASI PHD CIO, VP FOR TECHNOLOGY 40.00 X 121947 0 61153 TIMOTHY R BONNER ESQ COUNSELOR 0.50 X 0 0 0 JOHN INMAN PHD VP FOR ENROLLMENT, REGISTR 40.00 X 112355 0 13228 ROBERT GRAHAM PHD PROVOST, VP FOR ACADEMIC AFFAIRS 40.00 X 167195 0 31657 JAMES LOPRESTI VICE PRESIDENT OF OPERATIO 40.00 X 111615 0 26056 DAVID AYERS DEAN OF ARTS AND LETTERS 40.00 X 126500 0 39539 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 40.00 X 147456 0 59264 MARK REUBER PROFESSOR AND FIELD DIRECT 40.00 X 121650 0 26834 PAUL KENGOR EXECUTIVE DIRECTOR CENTER 40.00 X 119380 0 9566 MYRON BRIGHT PROFESSOR OF ENGINEERING 40.00 X 120664 0 9224 WILLIAM ANDERSON PHD FORMER PROVOST, VP FOR ACADEMIC AFFAIRS 40.00 X 104031 0 20631 RICHARD JEWELL JD FORMER PRESIDENT 40.00 X 92547 0 9881 2088736 0 444496 14 1 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 5902713 RYCON CONSTRUCTION INC 2501 SMALLMAN ST SUITE 100 PITTSBURGH PA 15222 CONSTRUCTION SERVICES 1117164 DOBIL LABORATORIES INC 724 BUTLER ST PITTSBURGH PA 15223 CONSTRUCTION SERVICES 615358 JOHN SAVOY & SON INC PO BOX 248 MOUNTOURSVILLE PA 17754 CONSTRUCTION SERVICES 409717 BLACKHAWK NEFF INC 805 NORTHGATE CIRCLE NEW CASTLE PA 16105 CONSTRUCTION SERVICES 387960 17 6016191 612024 6016191 ACADEMIC TUITION/FEES 611600 40023233 40023233 ROOM AND BOARD FEES 611710 19864958 19864958 BOOKSTORE/FOUNTAIN ROOM 611710 1158028 1101911 56117 61046219 1412084 1439975 -27891 37218893 31819258 5399635 5399635 5399635 MISC INCOME 900099 716053 716053 SUMMER CONFERENCE/RENTALS 531390 308056 308056 1024109 74898238 68545765 336282 0 26666 26666 6536769 6536769 88818 88818 1256508 1116970 139538 27545863 20692433 5845554 1007876 2612112 1910580 599210 102322 3237112 2368279 742037 126796 1943595 1422174 445326 76095 39875 39875 119336 119336 431476 49104 315490 66882 1072497 21909 766269 284319 1178631 571400 558411 48820 45832 26947 18885 4168757 4034203 119673 14881 1126860 745217 320305 61338 274145 274145 10164348 10164348 149760 149760 CONTRACT BOARD FEES 4456722 4456722 EQUIPMENT, MAINTENANCE, 2776093 2156563 615381 4149 OTHER EXPENSES 2046354 997465 1021643 27246 BOOKSTORE MERCHANDISE 887965 887965 1075287 1075287 73261381 58382609 12918510 1960262 749663 2098280 6838516 4354440 312113 297035 388115 343427 2163413 1951147 285834836 123875707 161302810 161959129 99145653 90144721 28272181 29777630 3225646 2988082 302398110 293913891 4041080 6687607 1876412 1864021 13266581 11819070 13231794 13362498 32415867 33733196 X 152116053 149552884 50531330 42142311 67334860 68485500 269982243 260180695 302398110 293913891 X 1636857 -9579230 -1859175 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 108333386 1395572 -3287058 6625587 1090553 98725760 110324817 2983778 -536489 -6520026 -1336768 104915312 97621160 2570571 19444729 5613618 3698025 110324817 89938734 3156276 11186333 5423024 1237159 97621160 99236080 1062728 -387756 5392942 4579376 89938734 0.00000 1.00000 0.00000 1 0 2737881 2737881 236446643 97545171 138901472 42636301 26330536 16305765 4014011 4014011 161959129 SECURITIES 29777630 F 29777630 LINE OF CREDIT 4660200 ACCRUED PENSION COSTS 6755698 CAPITAL LEASE OBLIGATIONS 1946600 13362498 63459833 -9579230 -1859175 -11438405 74898238 0 74898238 73261381 0 73261381 0 73261381 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. THE ESTIMATED FAIR MARKET VALUE OF COLLECTIONS WAS APPROXIMATELY $4,000,000 AT JUNE 30, 2016 AND 2015. 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 -1,363,175. CHANGE IN VALUE OF CHARITABLE TRUST -496,000. 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 0 EUROPE 0 2 PROGRAM SERVICES ACADEMIC INSTRUCTION 590871 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 457 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 1440 CENTRAL AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 131025 EAST ASIA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 3249 CENTRAL AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 1593 SOUTH ASIA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 1800 0 2 0 0 0 2 730435 0 730435 SCHOLARSHIPS CENTRAL AMERICA 1 2200 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EUROPE 35 79468 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 1 5650 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 1 750 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EAST ASIA 1 750 CREDIT ON ACCOUNT 0 N/A BOOK VALUE 0 0 0 0 0 0 FORM 990, PART IV, LINE 16 THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS AS A CREDIT TO THEIR STUDENT CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. 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 1 1 SCHOLARSHIPS 1437 6536769 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 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 139538 0 0 0 0 0 11126 0 12262 0 162926 0 0 0 PAUL J MCNULTY PRESIDENT 303803 0 14161 0 0 0 15781 0 42646 0 376391 0 0 0 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 177694 0 0 0 0 0 23223 0 11329 0 212246 0 0 0 VINCE DISTASI PHD CIO, VP FOR TECHNOLOGY 121947 0 0 0 0 0 9173 0 51980 0 183100 0 0 0 ROBERT GRAHAM PHD PROVOST, VP FOR ACADEMIC AFFAIRS 167195 0 0 0 0 0 13665 0 17992 0 198852 0 0 0 DAVID AYERS DEAN OF ARTS AND LETTERS 126500 0 0 0 0 0 10400 0 29139 0 166039 0 0 0 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 147456 0 0 0 0 0 11735 0 47529 0 206720 0 0 0 WILLIAM ANDERSON PHD FORMER PROVOST, VP FOR ACADEMIC AFFA 104031 0 0 0 0 0 8654 0 11977 0 124662 0 0 0 RICHARD JEWELL JD FORMER PRESIDENT 92547 0 0 0 0 0 5400 0 4481 0 102428 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 ACADEMIC ACCREDITATIONS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 5%. VINCENT DISTASI OFFICER 44673 TUITION EXCHANGE/GRANT TUITION ASSISTANCE JAMES LOPRESTI OFFICER 4039 TUITION GRANT TUITION ASSISTANCE JEFF PROKOVICH OFFICER 16154 TUITION GRANT TUITION ASSISTANCE ROBERT GRAHAM OFFICER 3000 TUITION GRANT TUITION ASSISTANCE KATHRYN ANDERSON SPOUSE OF FORMER VP 13200 REPORTABLE INCOME 0 JANICE INMAN SPOUSE OF OFFICER 47917 REPORTABLE INCOME 0 X 0 X 42 546993 HIGH/LOW AVERAGE X 162 0 X EQUIPMENT 1 36770 INVOICE X TRAVEL EXPENSES 18 25034 TRAVEL REPORT/RECEIP X EVENT EXPENSES 1 3227 RECEIPTS X RAFFLE DONATIONS 9 0 1 0 1 1 PART I, LINE 32B: UBS RECEIVES AND SELLS STOCK PART I, LINE 33: RELATED TO LINE 4 - THE COLLEGE RECEIVED MULTIPLE BOOKS SUCH AS BIOGRAPHIES AND HISTORICAL WORKS. RELATED TO LINE 18 - THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS PHOTOS, SORORITY/FRATERNITY MEMORABILIA, SPORTS UNIFORMS AND LETTERMAN JACKETS. RELATED TO LINE 28 - THE COLLEGE RECEIVED DONATIONS OF COUPONS AND GIFT ITEMS FROM LOCAL BUSINESSES FOR RANDOM DRAWINGS FOR STUDENTS. FORM 990, PART VI, SECTION B, LINE 11 THE FORMS 990 AND 99O-T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS 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 FINANCIAL AFFAIRS PROVIDES THE PRESIDENT OF THE COLLEGE WITH A LIST OF CURRENT COMPENSATION FOR ALL OFFICERS AND THE MEDIAN SALARY OF SIMILAR POSITIONS FROM THE CHRONICLE OF HIGHER EDUCATION AS WELL AS OTHER COMPENSATION SURVEY INFORMATION FOR COMPARABLE COLLEGES AND UNIVERSITIES. THE PRESIDENT THEN REVIEWS THIS INFORMATION AND MAKES COMPENSATION RECOMMENDATIONS FOR THE SEVEN 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 2016): 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 FINANCIAL AFFAIRS VICE PRESIDENT FOR ENROLLMENT AND REGISTRAR 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 -1,363,175. CHANGE IN VALUE OF CHARITABLE TRUST -496,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. SCHEDULE D, PART V ENDOWMENT FUNDS AN ADJUSTMENT WAS MADE ON THE FINANCIAL STATEMENTS TO RECLASSIFY CERTAIN FUNDS OUT OF THE ENDOWMENTS. THE BEGINNING OF YEAR BALANCE ON SCHEDULE D WAS ADJUSTED ACCORDINGLY TO REFLECT THIS CHANGE.