2016-04-12T21:37:11-05:00 2015-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2014-06-01 231352654 LA SALLE UNIVERSITY % AMY BOSIOVP FINANCE & ADMIN LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 AMY BOSIO VP Finance & Admin 2159511000 2016-04-11 true MARGARET A BRADSHAW P00501222 7032868000 2016-04-11 2014 2016-08-17 19:52:53Z DR COLLEEN HANCYZ 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 237458517 false X WWW.LASALLE.EDU X 1863 PA WE ARE A ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION IN GENERAL AND SPECIALIZED STUDIES. 39 37 2662 38 60194 11837176 10534183 181031015 187892515 5041605 8505081 3792997 4186004 201702793 211117783 69815561 75310553 0 0 77867331 82138199 0 0 2947112 45497767 46240527 193180659 203689279 8522134 7428504 291233372 310782614 174435284 190773124 116798088 120009490 X SEE ATTACHMENT 1 false false 73310553 75310553 STUDENT FINANCIAL ASSISTANCE: THE UNIVERSITY PROVIDED AWARDS TO FULL-TIME AND PART-TIME STUDENTS. 52100601 168025528 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 3,449 AND 3,249 FULL-TIME, UNDERGRADUATE DAY STUDENTS IN THE FALL OF 2014 AND THE SPRING OF 2015 SEMESTERS. SUMMER PART-TIME, GRADUATE, EVENING AND DOCTORATE PROGRAMS PROVIDED 62,107 CREDIT HOURS. 10036034 16733888 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED BOOKSTORE , HOUSING AND DINING SERVICES AT ANNUAL COSTS OF ROOM - $6,430 AND OF BOARD $5,280. THE UNIVERSITY PROVIDED ROOMS TO 1,945 AND 1,850 STUDENTS AND MEALS TO 2,066 AND 1,841 IN THE FALL 2014 AND SPRING 2015 SEMESTERS. 40117396 3133099 175564584 true true false false false false false true false true true true false true true true true false true false true false false false true false false false true true true false false false false false false false false false true true true false false false true true false false false true 250 0 true 2662 true true true false false false false true true false false false false X 39 37 false false false false false false false true true false false true true true true true true true true false PA X AMY BOSIOVP FINANCE ADMIN 2159511858 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 X SUSAN M BARRETT INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 REGINALD M BROWNE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES L BUTLER FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANK G BYRNE FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DIEGO F CALDERIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 SUSAN ALTAMORE CARUSI ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOHN M DALY MD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 HANNAH C DATZ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN K DEGNAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 EDWARD J FIERKO INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 PHILIP WJ FISHER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DANIEL K FITZPATRICK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH A FRICK INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES GAFFNEY FSC DMIN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES P GALLAGHER PHD PRESIDENT 40.0 0.0 X X 212727 0 16000 DANIEL GARDNER FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 ELMER F HANSEN III INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HENDERSON FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RICARDO R JOHNSON INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 MARGARET A KANE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM E KELLY JR ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RICHARD KESTLER FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 THOMAS A LEONARD CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 DENNIS MALLOY FSC INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 BERNADETTE M MANGAN INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM J MARKMANN MD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM W MATTHEWS III ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 RALPH J MAURO ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES V MORRIS INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 KEVIN F O'DONNELL INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 BRENNAN PATRICK O'DONNELLPHD INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES V O'ROURKE INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 FRANK C PALOPOLI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R SASSO ESQ INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R SAUTTER CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JAMES J SMART CPA INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 JUDITH A SPIRES INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 GREGORY J WEBSTER INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN T ZARRILLI INDIVIDUAL TRUSTEE 1.0 0.0 X 0 0 0 R BRIAN ELDERTON VP, ADVANCEMENT 40.0 0.0 X 286026 0 33385 JOSEPH R MARBACH VP, ACADEMIC AFFAIRS 40.0 0.0 X 290295 0 42255 MATTHEW S MCMANNESS 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129711576 275789 -75310553 -75034764 204746340 -1057061 -1057061 203689279 SCHEDULE D, PART III, LINE 4 ONE OF THE MUSEUM'S PRIMARY GOALS HAS BEEN TO DEVELOP A COMPREHENSIVE COLLECTION OF EUROPEAN AND AMERICAN ART FROM THE RENAISSANCE TO THE PRESENT, AND IT STRIVES TO DOCUMENT THIS HISTORY WITH EXAMPLES OF MOST OF THE MAJOR ART MOVEMENTS WITH A WIDE SELECTION OF SUBJECTS. OTHER HOLDINGS INCLUDE GROUPS OF RARE ILLUSTRATED BIBLES, JAPANESE PRINTS (19TH-20TH CENTURIES), INDIAN MINIATURES, AFRICAN CARVINGS AND IMPLEMENTS, PRE-COLUMBIAN POTTERY AND ANCIENT GREEK CERAMICS. THE UNIVERSITY IN 1976 BEGAN A DEGREE PROGRAM IN ART HISTORY AND SIMULTANEOUSLY BEGAN ACQUIRING ART. WHAT BEGAN AS A MODEST STUDY COLLECTION HAS BECOME THE LA SALLE ART MUSEUM, CONSIDERED ONE OF THE CITY'S GEMS. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 136 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. SCHEDULE D, PART X THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PART XI AND PART XII: LINE 2D AND 4D LINE 2D REFLECTS STUDENT FINANCIAL ASSISTANCE THAT LA SALLE AWARDED IN THE 2014-15 FISCAL YEAR. THE REVENUE NUMBER IN LINE 1 OF THIS SECTION IS NET OF THIS NUMBER. LINE 4B REFLECTS RECLASSIFICATION OF THE FOLLOWING EXPENSE; RENTAL - $1,008,410 AND SPECIAL EVENT EXPENSES OF - $48,651 FOR A TOTAL RECLASS OF - $1,057,061. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 LA SALLE UNIVERSITY INCLUDES THIS POLICY IN ALL DOCUMENTS, INCLUDING RESEARCH MATERIALS AND ITS WEBSITE. SCHEDULE E - EXPLANATION FOR LINE 6A LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: PERKINS STUDENT LOAN PROGRAM, COLLEGE WORK STUDY PROGRAMS, AND THE PELL GRANT PROGRAM. false Central America and the Caribbean Investments 7493403 Europe (Including Iceland and Greenland) Program Services TUITION, ROOM & BOARD 159130 Sub-Saharan Africa Program Services TUITION, ROOM & BOARD 17450 East Asia and the Pacific Program Services TUITION, ROOM & BOARD 127198 7797181 7797181 true false true true false false PART I, LINE 1 THE OFFICE OF ENROLLMENT SERVICES ASSISTS STUDENTS AND THEIR FAMILIES IN FINANCING THEIR LA SALLE EDUCATION THROUGH SCHOLARSHIPS, GRANTS, LOANS AND/OR ONE OF THE UNIVERSITY'S WORK PROGRAMS. AS IT PERTAINS TO THOSE STUDENTS WHO CHOOSE TO STUDY ABROAD, THEIR GRANTS ARE NOT TAKEN OUTSIDE THE US BUT APPLIED TO THEIR TOTAL LA SALLE BILL. THIS INCLUDES THE FOUNDER'S SCHOLARSHIP, MISSION GRANT, CHRISTIAN BROTHERS SCHOLARSHIP, FEDERAL SEOG GRANT AND ANY ENDOWED SCHOLARSHIP THAT IS AWARDED THROUGH ENROLLMENT SERVICES. THESE ARE THE ONLY LA SALLE FUNDS THAT MAY BE AWARDED FOR STUDY ABROAD TUITION. AT THE END OF THE STUDENT'S STUDY ABROAD EXPERIENCE, THE OFFICE OF ENROLLMENT SERVICES WILL MONITOR THE STUDENTS GRADES TO ENSURE THAT THEY DID ATTEND THE STUDY ABROAD INSTITUTION. BECAUSE GRANTS ARE NOT TAKEN OUTSIDE THE US BUT INSTEAD APPLIED TO THE STUDENT'S LA SALLE BILL, ALL GRANTS ARE SHOWN ON SCHEDULE I. CHARTER DINNER 236200 200800 35400 41160 5680 1811 0 236200 200800 35400 41160 5680 1811 48651 -13251 true MERIT SCHOLARSHIP & NEED-BASED 3854 70484094 FEDERAL WORK STUDY 400 123784 DISCRETIONARY AND OTHER AID 841 3118867 PART IV LA SALLE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE STUDENT FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. X X X false false false false false false false false false THOMAS M BRENNAN PHD ATHLETIC DIRECTOR 247565 0 14583 0 7250 0 19377 0 0 0 288775 0 0 0 R BRIAN ELDERTON VP, ADVANCEMENT 276276 0 0 0 9750 0 20800 0 12585 0 319411 0 0 0 JAMES P GALLAGHER PHD PRESIDENT 202977 0 0 0 9750 0 16000 0 0 0 228727 0 0 0 GARY A GIAMARTINO PHD DEAN, SCHOOL OF BUSINESS 236104 0 0 0 0 0 18783 0 10831 0 265718 0 0 0 JOHN GIANNINI PHD BASKETBALL COACH 708617 0 0 0 7250 0 20800 0 20982 0 757649 0 0 0 REBECCA L HORVATH AVP OF FIN & ADMIN 226345 0 7292 0 0 0 17534 0 6680 0 257851 0 0 0 JOSEPH R MARBACH VP, ACADEMIC AFFAIRS 290295 0 0 0 0 0 20800 0 21455 0 332550 0 0 0 MATTHEW S MCMANNESS VP, FINANCE & ADMIN 354767 0 0 0 692 0 20800 0 19223 0 395482 0 0 0 JAMES E MOORE PHD VP, STUDENT AFFAIRS 195260 0 0 0 6624 0 14987 0 18244 0 235115 0 0 0 EDWARD A NICKERSON CHIEF INFORMATION OFFICER 166643 0 0 0 0 0 12967 0 23146 0 202756 0 0 0 YUSUF J URGAS PHD DEAN, SCHOOL OF PROF STUDIES 235589 0 0 0 0 0 16731 0 24055 0 276375 0 0 0 GEORGE J WALTER VP, ENROLLMENT SERVICES 224750 0 0 0 0 0 17923 0 6680 0 249353 0 0 0 A PA Higher Ed Facilities Authority 2012 232243852 70917XXXX 2012-09-12 94975000 CONSTRUCTION/REFUND PRIOR ISUUE false false false B PA Higher Ed Facilities Authority 2007A 232243852 70917RNN1 2007-10-01 52875000 CONSTRUCTION/REFUND PRIOR ISSUE false false false C PA Higher Ed Facilities Authority 2007B 232243852 70917RNQ4 2007-10-01 47065000 Construction/Refund Prior Issues true false false D PA Higher Ed Facilities Authority 2003 232243852 70917NET4 2003-10-01 37665000 CONSTRUCTION true false false A 0 0 110269657 0 2165720 0 1270025 0 0 632374 20894504 15 true true false true B 0 0 53918728 4034988 0 35931466 614479 0 0 13129261 0 0 2009 true false true true C 45550000 0 47065000 3611332 0 0 0 0 0 41377045 0 0 2009 true false true true D 37665000 0 37665000 3602699 0 0 0 0 0 29500000 0 0 2005 true false true true A false false false false 0 false false false false B false false false false 0 false false false false C false false false false 0 false false false false D false false false false 0 false false false false A false true false false 0 false false false 0 false true B true false false 0 false false false 0 false true C true true false 0 false false false 0 false true D true false false 0 false false false 0 false true A false B false C false D false 0 WILLIAM SAUTTER BOT MEMBER 206583 SEE PART V false FORM 990,PART IV, LINE 28 A,C AND SCHEDULE L, PART IV WILLIAM SAUTTER, BOARD OF TRUSTEE MEMBER, HAS ACKNOWLEDGED THROUGH SIGNING A POTENTIAL CONFLICT OF INTEREST DISCLOSURE, THAT HE HAS A DIRECT BUSINESS RELATIONSHIP WITH THE UNIVERSITY, OTHER THAN HIS ROLE AS A TRUSTEE: 1.WILLIAM SAUTTER, OWNER AND PRESIDENT OF ELLIOT-LEWIS CORPORATION. ELLIOT-LEWIS CORPORATION PERFORMS MECHANICAL MAINTENANCE, REPAIR AND INSTALLATION SERVICES FOR LA SALLE UNIVERSITY. ALL SUCH WORK IS AWARDED THROUGH A COMPETITIVE BIDDING PROCESS. X 45 39000 INV/3RD PARTY FMV X 52 616967 FMV false true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION LA SALLE UNIVERSITY, DEDICATED IN THE TRADITIONS OF THE CHRISTIAN BROTHERS TO EXCELLENCE IN TEACHING AND TO CONCERN FOR BOTH ULTIMATE VALUES AND FOR THE INDIVIDUAL VALUES OF ITS STUDENTS, IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. LA SALLE STRIVES TO OFFER, THROUGH EFFECTIVE TEACHING, A QUALITY EDUCATION FOUNDED ON THE IDEA THAT ONE'S INTELLECTUAL AND SPIRITUAL DEVELOPMENT GO HAND IN HAND, COMPLIMENTING AND FULFILLING EACH OTHER. THE UNIVERSITY HAS, AS ITS BASIC PURPOSE, THE FREE SEARCH FOR TRUTH BY TEACHING ITS STUDENTS THE BASIC SKILLS, KNOWLEDGE, AND VALUES THAT THEY WILL NEED FOR A LIFE OF HUMAN DIGNITY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE ACCOMPLISHMENTS STUDENTS SERVICES: THE UNIVERSITY PROVIDED COUNSELING, INTER-COLLEGIATE ATHLETICS, HEALTH ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. FORM 990, PART VI, LINE 11B PROCESS FOR REVIEWING RETURN THE PROCESS OF REVIEWING LA SALLE UNIVERSITY'S 990 RETURN INTERNALLY IS THOROUGH AND COMPLETE. THE FIRST STEP IN THE PROCESS REQUIRES THE FINANCIAL AUDIT TO BE SUBSTANTIALLY COMPLETE, AND THEN THE APPROPRIATE PERSONS AT THE UNIVERSITY ARE CONTACTED SO THEY MAY BEGIN PREPARING THEIR RESPECTIVE SECTIONS OF THE 990. THE DATA IS THEN GATHERED AND ENTERED INTO THE 990 AND SUPPORTING SCHEDULES. UPON COMPLETION OF THE 990, BY THE CONTROLLER, THE 990 ALONG WITH ALL SUPPORTING SCHEDULES ARE SENT TO THE INDEPENDENT ACCOUNTANTS. ONCE REVIEWED BY THE INDEPENDENT ACCOUNTANTS, AND ANY QUESTIONS ANSWERED OR SUPPORT PROVIDED, IT IS SENT BACK TO THE UNIVERSITY FOR FINAL REVIEW AND PRESENTATION TO THE UNIVERSITY'S FINANCE AND AUDIT COMMITTEE. LASTLY, THE FINAL VERSION WILL BE SENT TO THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION FOR APPROVAL AND SIGNATURE. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS ANNUALLY SIGN A CONFLICT-OF-INTEREST STATEMENT.THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER THAT HE/SHE MUST ALWAYS ACT IN THE BEST INTERESTS OF THE UNIVERSITY AND REFRAIN FROM ACTIONS THAT WOULD BE TO THE SOLE BENEFIT OF THE MEMBER AT THE EXPENSE OF LA SALLE UNIVERSITY. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF LA SALLE. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE BOARD CHAIR INCLUDING ANY DISCLOSURES BY THE PRESIDENT. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE OFFICER OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, LINES 15A AND 15B PROCESS FOR DETERMINING COMPENSATION THERE IS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF ALL VICE-PRESIDENTS, THE PROVOST, PRESIDENT, EXECUTIVE ASSISTANTS, AND THE DIRECTOR OF INTER-COLLEGIATE ATHLETICS. THE FACULTY SALARY FOR BROTHER EDWARD SHEEHY, A VICE-PRESIDENT, IS NOT REVIEWED SINCE HIS SALARY FALLS UNDER THE FACULTY SALARY AND WAGE POLICY. BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE MINUTES SHALL REFLECT THE CONSIDERATION OF THE BOARD AS TO THE ISSUE OF EXECUTIVE COMPENSATION AND WHAT THE FINAL DECISION MIGHT BE. FORM 990, PART VI, LINE 19 PUBLICLY AVAILABLE DOCUMENTS LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE MADE AVAILABLE UPON REQUEST. COIN CRI CLUB 20TH AND OLNEY AVENUE PHILADELPHIA PA 19141 232075569 HOLDS LICENSE PA 501(C)(3) 11C NA true EMMET CORPORATION 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 463317692 CHARITABLE PA 501(C)(3) 7 LA SALLE true LA SALLE UNIVERSITY - PIF (2) 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF PA NA Trust false false false false false false false false false false false false false false false false false false