2016-04-15T13:48:00-05:00 2015-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2014-06-01 240795495 UNIVERSITY OF SCRANTON UNIV 5709417411 800 LINDEN STREET SCRANTON PA 18510 EDWARD J STEINMETZ CPA SENIOR VP FINANCE & ADMINISTRA 5709417411 2016-04-14 1 JULIUS GREEN CPA P00350393 5708200100 2014 2016-08-17 19:52:53Z REV KEVIN P QUINN SJ 800 LINDEN STREET SCRANTON PA 18510 283271559 0 X WWW.SCRANTON.EDU X 1888 PA THE UNIVERSITY OF SCRANTON IS A CATHOLIC AND JESUIT UNIVERSITY DEDICATED TO EDUCATION. 27 25 2980 600 482254 -307231 7386264 12047821 204222514 212732739 26195343 8640094 2397768 2941888 240201889 236362542 56411220 61401927 0 0 97635457 102701731 42500 45000 2910950 56349774 57094711 210438951 221243369 29762938 15119173 540960472 572862863 201542231 217993915 339418241 354868948 X THE UNIVERSITY OF SCRANTON IS A CATHOLIC AND JESUIT UNIVERSITY. IT IS A COMMUNITY DEDICATED TO THE FREEDOM OF INQUIRY AND PERSONAL DEVELOPMENT FUNDAMENTAL TO GROWTH IN WISDOM AND INTEGRITY OF ALL WHO SHARE ITS LIFE. IT OFFERS DEGREE PROGRAMS AT THE UNDERGRADUATE, GRADUATE, PRE-PROFESSIONAL, AND PROFESSIONAL LEVELS. 0 0 124151952 61401927 175383478 HIGHER EDUCATION; INSTRUCTION - PROVIDES UNDERGRADUATE AND GRADUATE INSTRUCTION TO 3,998 UNDERGRADUATE AND 1,591 GRADUATE STUDENTS. THERE ARE 66 UNDERGRADUATE MAJOR PROGRAMS, 26 GRADUATE (MASTERS) LEVEL PROGRAMS, ONE DOCTORAL PROGRAM, AND OVER 100 CONTINUING AND PROFESSIONAL EDUCATION PROGRAMS TAUGHT AT THE UNIVERSITY.HIGHER EDUCATION; STUDENT FINANCIAL AID - TOTAL INSTITUTIONAL FINANCIAL AID AWARDS PROCESSED AND DISBURSED BY THE FINANCIAL AID OFFICE AMOUNTED TO $61,402,927 TO RECIPIENTS. ADDITIONALLY, THE FINANCIAL AID OFFICE PROCESSED $59,990,479 OF FINANCIAL AID IN THE FORM OF LOANS TO STUDENTS. DURING THE 2014-2015 ACADEMIC YEAR 3,683 UNDUPLICATED RECIPIENTS RECEIVED SOME FORM OF FINANCIAL AID. LOANS PROVIDED TO STUDENTS AND THEIR PARENTS INCLUDE FEDERAL STAFFORD, PLUS, AND ALTERNATIVE LOANS. 33999948 37349261 HIGHER EDUCATION; AUXILIARY SERVICES - PROVIDES DORMITORY AND FOOD SERVICES TO APPROXIMATELY 2,562 RESIDENT STUDENTS AND FOOD SERVICES TO COMMUTER STUDENTS, FACULTY, STAFF AND ADMINISTRATION. 239587 226032 HIGHER EDUCATION, RESEARCH - INCLUDES THE COST ASSOCIATED WITH 2 FEDERAL AND 5 LOCAL AND PRIVATE GRANTS/AWARDS TO PRODUCE RESEARCH COMMISSIONED BY AN AGENCY EXTERNAL TO THE UNIVERSITY. 1533186 HIGHER EDUCATION, PUBLIC SERVICE - FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTITUTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THESE EXPENSES DO NOT INCLUDE OVER 175,000 COMMUNITY SERVICE HOURS PROVIDED BY UNIVERSITY STUDENTS. 8359174 2318788 HIGHER EDUCATION; ACADEMIC SUPPORT - INCLUDES EXPENSES APPLICABLE TO AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, OR PUBLIC SERVICE THAT ARE NOT CHARGED DIRECTLY TO THESE PROGRAMS. 6271060 HIGHER EDUCATION; LIBRARY - EXPENSES INCURRED IN OPERATING AN 80,000 SQ. FT. UNIVERSITY LIBRARY. THE LIBRARY CONTAINS OVER 633,035 VOLUMES, 203,507 FULL-TEXT ONLINE BOOKS, AND A MEDIA COLLECTION HOLING 22,544 NON-PRINT ITEMS AND 9,085 STREAMING MEDIA PROGRAMS FOR STUDENT AND GENERAL PUBLIC STUDY AND RESEARCH. 18439992 HIGHER EDUCATION; STUDENT SERVICES AND ACTIVITIES - EXPENDITURES OR ACTIVITIES WHOSE PURPOSE IS TO CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE CLASSROOM. 34603412 2318788 192994899 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 8003 0 1 2980 1 1 1 0 0 0 0 1 1 0 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA AK AZ CO MA NH WA X X ADRIAN J MIHALKO CPA 5709414897 800 LINDEN STREET SCRANTON PA 18510 WILLIAM J BRADY TRUSTEE 1.00 X 0 0 0 VINCENT M COOKE SJ TRUSTEE 1.00 X 0 0 0 JACQUELYN DIONNE TRUSTEE 1.00 X 0 0 0 MARY BETH FARRELL TRUSTEE 1.00 X 0 0 0 MATTHEW GEIGER TRUSTEE 1.00 X 0 0 0 MICHAEL P GLINSKY TRUSTEE 1.00 X 0 0 0 OTTO HENTZ SJ TRUSTEE 1.00 X 0 0 0 JOSEPH J KADOW ESQ TRUSTEE 1.00 X 0 0 0 LAWRENCE LYNCH TRUSTEE AND BOARD CHAIRMAN 2.00 X X 0 0 0 GEORGE V LYNETT JR TRUSTEE 1.00 X 0 0 0 DENNIS J MCGONIGLE TRUSTEE 1.00 X 0 0 0 JUSTIN B MURPHY TRUSTEE 1.00 X 0 0 0 FRANCIS J PEARN TRUSTEE, BOARD VICE CHAIRM 2.00 X X 0 0 0 KEVIN P QUINN PRESIDENT TRUSTEE/OFFICER 1.00 X X 21183 0 31056 VICENT F REILLY ESQ TRUSTEE 1.00 X 0 0 0 THOMAS ROACH SJ TRUSTEE 1.00 X 0 0 0 KATHLEEN C SANTORA ESQ TRUSTEE 1.00 X 0 0 0 TERESA M SCHAFER TRUSTEE AND BOARD CO-VICE CHAIR 2.00 X X 0 0 0 PATRICK W SHEA ESQ TRUSTEE 1.00 X 0 0 0 JOSEPH L SORBERA JR TRUSTEE 1.00 X 0 0 0 TRACY F BANNON TRUSTEE 1.00 X 0 0 0 JUDITH M BAVARIA TRUSTEE 1.00 X 0 0 0 PHILIP G JUDGE SJ TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J KANE TRUSTEE 1.00 X 0 0 0 THOMAS P O'BRIEN TRUSTEE 1.00 X 0 0 0 THOMAS J SCIRGHI TRUSTEE 1.00 X 0 0 0 JOSEPH M VASZILY TRUSTEE 1.00 X 0 0 0 DONALD R BOOMGAARDEN PROVOST AND VP FOR ACEDEMIC AFFAIRS 45.00 X 143529 0 9022 GARY R OLSEN VP FOR UNIVERSITY ADVANCEMENT 45.00 X 211839 0 40060 RICHARD G MALLOY SJ VP FOR UNIVERSITY MINISTRI 45.00 X 0 0 31660 EDWARD J STEINMETZ CPA VP FOR FINANCE/TREASURER 45.00 X 271617 0 42786 GERALD C ZABOSKI VP FOR EXTERNAL AFFAIRS 45.00 X 176068 0 37860 ROBERT B FARRELL ESQ GENERAL COUNSEL 45.00 X 202232 0 20072 ROBYN L DICKINSON INTERIM VP FOR PLANNING/CI 45.00 X 142228 0 37563 PATRICIA HARRINGTON INTERIM PROVOST/SR VP FOR 45.00 X 198308 0 21167 PATRICIA L TETREAULT INTERIM VP FOR HUMAN RESOU 45.00 X 133664 0 39926 ANITRA M MCSHEA INTERIM VP FOR STUDENT AFF 45.00 X 160544 0 44054 BRIAN P CONNIFF PHD DEAN, CAS 45.00 X 184768 0 39466 JOSEPH H DREISBACH PHD ASSOCIATE PROVOST 45.00 X 203235 0 43911 DEBRA A PELLEGRINO EDD DEAN, PCPS 45.00 X 202260 0 26572 MICHAEL O MENSAH PHD DEAN, KSOM 45.00 X 257806 0 44382 WILLIAM J WELSH PHD DEAN, CGCE 45.00 X 167080 0 24677 MURLI RAJAN PHD ASSOCATE DEAM, KSOM 45.00 X 163348 0 39750 S KINGSLEY GNANENDRAN PHD PROFESSOR 40.00 X 202499 0 36503 NABIL A TAMIMI PHD PROFESSOR 40.00 X 182020 0 34893 DOUGLAS M BOYLE DBA CPA CMA ASSISTANT PROFESSOR 40.00 X 212544 0 29735 IORDANIS PETSAS PHD ASSOCIATE PROFESSOR 40.00 X 180419 0 19924 DANIEL P MAHONEY PHD PROFESSOR 40.00 X 178334 0 34697 HAROLD W BAILLIE PHD FORMER PROVOST AND VP FOR ACADEMI 45.00 X 244488 0 44333 PATRICIA A DAY JD FORMER VP FOR HUMAN RESOURCES 45.00 X 138104 0 20747 4178117 0 794816 153 1 1 0 THE QUANDEL GROUP INC 4755 LINGESTOWN ROAD HARRISBURG PA 17112 GENERAL CONTRACTOR 19804237 ARAMARK C/O UNIVERSITY OF SCRANTON SCRANTON PA 18510 FOOD SERVICE PROVIDER 11447967 TIAA-CREFF PO BOX 1259 CHARLOTTE NC 28201 PENSION PLAN PROVIDER 5789304 SCARTELLI GENERAL CONTRACTORS 364 N MAIN STREET TAYLOR PA 18517 CONSTRUCTION CONTRACTOR 930361 HEMMLER & CAMAYD ARTHITECTS 409 LACKAWANNA AVE SCRANTON PA 18503 ARCHITECT 835503 15 965397 2242634 8839790 489088 12047821 TUITION AND FEES 611310 175383478 175383478 AUXILIARY ENTERPRISES 721310 37349261 37349261 212732739 3204334 3204334 204792 153313 51479 51479 51479 51950209 46423315 91134 5526894 -91134 5435760 5435760 107775 965397 241255 -133480 -133480 EDUCATIONAL SUPPORT SERVICES 611710 2243042 2243042 CONFERENCES AND SUMMER CAMPS 721214 479069 479069 PRINT SHOP ACTIVITIES 323100 301778 298593 3185 3023889 236362542 215274374 482254 8558093 61401927 61401927 3996709 2243988 1488728 263993 66549265 55994345 9303004 1251916 5625449 4687323 824552 113574 21936660 16746519 4955875 234266 4593648 3800094 695328 98226 279902 279902 109827 109827 98729 98729 45000 45000 791518 791518 1444345 565465 812029 66851 1014002 198226 799032 16744 2916586 2351247 417706 147633 1423837 745933 671454 6450 3504761 3504761 1197104 1126940 40471 29693 1332984 1113892 166029 53063 6896269 6896269 13211208 11707782 1448147 55279 959884 733971 214123 11790 DIRECT FOOD COSTS 9174030 9174030 REPAIRS AND MAINTENANCE 4776718 4063117 704462 9139 OTHER FOOD SERVICE EXPE 2253737 2016943 190069 46725 BOOKS AND PUBLICATIONS 1559352 773952 646432 138968 4149918 3148175 778832 222911 221243369 192994899 25337520 2910950 X 19421077 23482026 2364158 3928258 5852248 6047855 3260236 3080280 3608802 4175920 459002376 158003092 282701472 300999284 119112733 146496632 104639746 84652608 540960472 572862863 29391831 34540800 227074 242807 10648941 10088365 156173136 167942422 5101249 5179521 201542231 217993915 X 221094487 231360724 58115535 59951984 60208219 63556240 339418241 354868948 540960472 572862863 X 15119173 770924 -439390 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 4229 0 1 94500 98729 0 PART II-B, LINE 1: PART II-B, LINE 1G- THE UNIVERSITY PAID FOR TRAVEL-RELATED EXPENSES FOR EMPLOYEES TASKED WITH MEETING LEGISLATORS TO IDENTIFY POTENTIAL GRANT OPPORTUNITIES. PT II-B LINE 1I - THE UNIVERSITY CONTRACTED WITH A CONSULTING GROUP TO REPRESENT ITS INTEREST IN LEGISLATIVE AND OTHER GOVERNMENTAL MATTERS AT BOTH THE STATE AND FEDERAL LEVELS. 20900 273373 X X X X USED REGULARLY FOR TEACHING 0 159282129 6712124 8172762 3074533 2376070 791518 167924894 137878712 6474855 21043959 3010984 2265381 839032 159282129 118987008 1900638 22018145 2470125 2021742 535212 137878712 129680970 2087049 -7502776 2608868 2131472 537895 118987008 111708996 3903772 22547487 3292671 4386168 800446 129680970 0.31890 0.30690 0.37420 1 0 21229919 21229919 331753545 115606980 216146565 45358673 33022632 12336041 60660239 9373480 51286759 300999284 SILCHESTER INTERNATIONAL INVESTORS 12046253 F ABS OFFSHORE SPC CLASS B 9229058 F STATE STREET GLOBAL ADVISORS 4845102 F GROSVENOR CAPITAL MANAGEMENT 14506903 F MFS INTERNATIONAL GROWTH, LLC 11268414 F IR&M CORE BOND FUND, LLC 11883871 F PICTET EMERGING LOCAL CURRENCY DEBT FUND, LLC 1680906 F MBIA, INC. 29.7 YEAR GIC 4374322 C ABBOTT CAPITAL PRIVATE EQUITY FUND VII, L.P. 329645 F PARK STREET CAPITAL PRIVATE EQUITY FUND XI, L.P 197269 F MERCER HEDGE FUND INVESTORS SP-I 10421091 F OAKTREE SENIOR LOAN FUND, L.P. 3869774 F 84652608 SPLIT INTEREST AGREEMENTS 1955159 PREMIUMS ON UNIVERSITY BONDS 3190884 CAPITAL LEASE OBLIGATIONS 33478 5179521 X 176446030 770924 -60778570 -60007646 236453676 -91134 -91134 236362542 160555933 91134 91134 160464799 60778570 60778570 221243369 PART III, LINE 4: THE SPECIAL COLLECTIONS DEPARTMENT OF THE WEINBERG MEMORIAL LIBRARY PROVIDES EXHIBITS, PROGRAMMING AND INSTRUCTION THAT REACH OUT TO BOTH THE UNIVERSITY COMMUNITY AND THE GENERAL PUBLIC. SPECIAL COLLECTIONS CONTAINS HISTORICAL COLLECTIONS AND A RARE BOOK COLLECTION THAT RANGES FROM MEDIEVAL MANUSCRIPTS AND EARLY PRINTED BOOKS THROUGH 20TH CENTURY FIRST EDITION AND FINE PRESS WORK. MUCH OF THE COLLECTION WAS DONATED OR ACQUIRED OVER MANY DECADES. INCLUDED IN THE COLLECTION IS A COMPONENT FOCUSING ON RARE BOOKS PRODUCED BY THE JESUIT COMMUNITY. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO OFFSET FACULTY SALARIES AND OTHER OPERATING EXPENSES. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. TAX POSITIONS ARE RECOGNIZED OR REVERSED BY THE UNIVERSITY BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED MAY 31, 2012 THROUGH MAY 31, 2015 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES DEDUCTED FROM GROSS RENT REVENUE 153,313. FUNDRAISING DIRECT EXPENSES DEDUCTED FROM GROSS FUNDRAISING INCOME 241,255. RECLASSIFICATION OF BOND PREMIUM AMORTIZATION AS A CONTRA-EXPENSE 228,789. TUITION AND FEE REVENUE OFFSET BY INSTITUTIONALLY FUNDED STUDENT AID -61,401,927. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION AND FEE REVENUE OFFSET BY INSTITUTIONALLY FUNDED STUDENT AID DISPOSAL OF FIXED ASSETS NETTED AGAINST EXPENSES -91,134. PART XII, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONALLY FUNDED STUDENT FINANCIAL AID. DISPOSAL OF FIXED ASSETS NETTED AGAINST EXPENSES 91,134. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES DEDUCTED FROM GROSS RENT REVENUE -153,313. FUNDRAISING DIRECT EXPENSES DEDUCTED FROM GROSS FUNDRAISING INCOME -241,255. RECLASSIFICATION OF BOND PREMIUM AMORTIZATION AS A CONTRA-EXPENSE -228,789. INSTITUTIONALLY FUNDED STUDENT FINANCIAL AID. 61,401,927. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIALLY NONDISCRIMINATION POLICY IS PUBLISHED IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED EACH YEAR TO EVERY STUDENT. IT IS INCLUDED IN ALL APPLICATION MATERIALS FOR PROSPECTIVE STUDENTS. THE POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY IS GOVERNED BY AN INDEPENDENT BOARD OF TRUSTEES AND WELCOMES PERSONS OF ALL RACES AND RELIGIOUS PERSUASIONS AS MEMBERS OF ITS STUDENT BODY, FACULTY, STAFF AND ADMINISTRATION, AND BOARD OF TRUSTEES. THE UNIVERSITY IS AN AFFIRMATIVE ACTION INSTITUTION. AS SUCH, THE UNIVERSITY IS COMMITTED TO EQUAL OPPORTUNITY IN EMPLOYMENT AND EDUCATION WITHOUT REGARD TO RACE, COLOR, RELIGION, ANCESTRY, SEX, AGE, DISABILITY, NATIONAL ORIGIN, OR VETERAN STATUS IN ACCORDANCE WITH APPLICABLE LAWS. (SEE SCHEDULE E, LINE 3 CONTINUATION ON SCHEDULE O) SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES OPERATING FUNDS DESIGNATED BY BOTH FEDERAL AND STATE GOVERNMENT FUNDING AGENCIES FOR SPECIFIC OPERATING PURPOSES. THE UNIVERSITY ALSO RECEIVES FINANCIAL AID FUNDS FOR ITS STUDENTS FROM BOTH FEDERAL AND STATE FUNDING AGENCIES AND ACTS AS THE CUSTODIAN AND DISBURSING AGENT FOR THESE FUNDS. CENTRAL AMERICA 0 0 INVESTMENTS 9229058 0 0 0 0 0 0 9229058 0 9229058 0 0 0 0 0 0 X X X X X X X 1 CARLA CAPONE 1501 BROADWAY SUITE 1808 NEW YORK CITY NY 10036 EVENT MANAGEMENT 0 1073172 45000 1028172 1073172 45000 1028172 AK AZ CO MA NH PA WA PBC DINNER 1073172 965397 107775 173418 3800 64037 1073172 965397 107775 173418 3800 64037 241255 -133480 1 UNIVERSITY FUNDED GRANTS/ASSISTANCE 3683 61401927 N/A N/A PART I, LINE 2: ALL UNIVERSITY STUDENTS ARE CONSIDERED FOR GRANTS AND/OR ASSISTANCE. THE UNIVERSITY'S FINANCIAL AID OFFICE EVALUATES EACH STUDENT'S FINANCIAL NEED BASED UPON INFORMATION PROVIDED ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). FINANCIAL AID OFFICE MANAGEMENT AWARD MERIT SCHOLARSHIPS TO STUDENTS WHO QUALIFY BASED UPON DONOR STIPULATIONS AND AWARD FEDERAL, STATE, AND PRIVATE NEED-BASED AWARDS BASED ON FEDERAL OR OTHER GUIDELINES. STUDENTS RECEIVING AWARDS PROVIDE INFORMATION AND PARTICIPATE IN INTERVIEWS TO ENSURE THAT GUIDELINES AND RESIDENCY RULES AND REGULATIONS ARE MET. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DONALD R BOOMGAARDEN PROVOST AND VP FOR ACEDEMIC AFFAIRS 143529 0 0 0 0 0 0 0 9022 0 152551 0 0 0 GARY R OLSEN VP FOR UNIVERSITY ADVANCEMENT 211839 0 0 0 0 0 12670 0 27390 0 251899 0 0 0 EDWARD J STEINMETZ CPA VP FOR FINANCE/TREASURER 271617 0 0 0 0 0 24422 0 18364 0 314403 0 0 0 GERALD C ZABOSKI VP FOR EXTERNAL AFFAIRS 176068 0 0 0 0 0 17539 0 20321 0 213928 0 0 0 ROBERT B FARRELL ESQ GENERAL COUNSEL 202232 0 0 0 0 0 19433 0 639 0 222304 0 0 0 ROBYN L DICKINSON INTERIM VP FOR PLANNING/CI 142228 0 0 0 0 0 14182 0 23381 0 179791 0 0 0 PATRICIA HARRINGTON INTERIM PROVOST/SR VP FOR 198308 0 0 0 0 0 18915 0 2252 0 219475 0 0 0 PATRICIA L TETREAULT INTERIM VP FOR HUMAN RESOU 133664 0 0 0 0 0 14075 0 25851 0 173590 0 0 0 ANITRA M MCSHEA INTERIM VP FOR STUDENT AFF 160544 0 0 0 0 0 17094 0 26960 0 204598 0 0 0 BRIAN P CONNIFF PHD DEAN, CAS 184768 0 0 0 0 0 16215 0 23251 0 224234 0 0 0 JOSEPH H DREISBACH PHD ASSOCIATE PROVOST 203235 0 0 0 0 0 18652 0 25259 0 247146 0 0 0 DEBRA A PELLEGRINO EDD DEAN, PCPS 202260 0 0 0 0 0 17880 0 8692 0 228832 0 0 0 MICHAEL O MENSAH PHD DEAN, KSOM 257806 0 0 0 0 0 21131 0 23251 0 302188 0 0 0 WILLIAM J WELSH PHD DEAN, CGCE 167080 0 0 0 0 0 15925 0 8752 0 191757 0 0 0 MURLI RAJAN PHD ASSOCATE DEAM, KSOM 163348 0 0 0 0 0 16399 0 23351 0 203098 0 0 0 S KINGSLEY GNANENDRAN PHD PROFESSOR 202499 0 0 0 0 0 13052 0 23451 0 239002 0 0 0 NABIL A TAMIMI PHD PROFESSOR 182020 0 0 0 0 0 11502 0 23391 0 216913 0 0 0 DOUGLAS M BOYLE DBA CPA CMA ASSISTANT PROFESSOR 212544 0 0 0 0 0 13003 0 16732 0 242279 0 0 0 IORDANIS PETSAS PHD ASSOCIATE PROFESSOR 180419 0 0 0 0 0 8820 0 11104 0 200343 0 0 0 DANIEL P MAHONEY PHD PROFESSOR 178334 0 0 0 0 0 14866 0 19831 0 213031 0 0 0 HAROLD W BAILLIE PHD FORMER PROVOST AND VP FOR ACADEMI 244488 0 0 0 0 0 24662 0 19671 0 288821 0 0 0 PATRICIA A DAY JD FORMER VP FOR HUMAN RESOURCES 138104 0 0 0 0 0 13823 0 6924 0 158851 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES ON-CAMPUS HOUSING FOR REV. KEVIN P. QUINN, S.J., PRESIDENT AND REV. RICHARD G. MALLOY, S.J., VICE PRESIDENT FOR UNIVERSITY MINISTRIES. THE ESTIMATED VALUE OF HOUSING IS $16,820 AND $15,908 RESPECTIVELY. THE HOUSING VALUES ARE BASED UPON RESIDENCE HALL RATES CHARGED TO UNIVERSITY STUDENTS. THESE HOUSING VALUES ARE INCLUDED IN THE RESPECTIVE OFFICERS' NON-TAXABLE COMPENSATION DISCLOSED IN PART VII, COLUMN F, OF THE FORM 990. THESE BENEFITS ARE TREATED AS NONTAXABLE BENEFITS UNDER SECTION 119 OF THE IRC. THE UNIVERSITY PAYS FOR INITIATION FEES AND MONTHLY DUES FOR A MEMBERSHIP FOR THE PRESIDENT TO THE SCRANTON COUNTRY CLUB. THE UNIVERSITY ALSO PAYS FOR THE ANNUAL MEMBERSHIP FEES FOR THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT IN HIS ROLE AT THE FOLLOWING SOCIAL CLUBS: PYRAMID CLUB OF PHILADELPHIA, HAMILTON FARM GOLF CLUB OF GLADSTONE, NJ, AND GLENMAURA NATIONAL GOLF CLUB OF MOOSIC, PA. THESE MEMBERSHIPS ARE USED BY SENIOR ADMINISTRATORS TO HOST MEETINGS WITH BUSINESS PARTNERS OF THE UNIVERSITY, BOARD OF TRUSTEES MEMBERS, POTENTIAL DONORS, AND FACULTY AND STAFF. MEMBERSHIP IN THESE CLUBS ALLOWS FOR RECIPROCAL USE OF OTHER RELATED VENUES WITHIN THE UNITED STATES. THESE RECIPROCAL AGREEMENTS ALLOW SENIOR ADMINISTRATION TO HOST QUALITY BUSINESS AND FUNDRAISING EVENTS OUTSIDE THE COMMONWEALTH OF PENNSYLVANIA. PART I, LINE 3 THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS APPROPRIATE ANALYSES AND STUDIES PREPARED BY THE HUMAN RESOURCES OFFICE OR EXTERNAL SOURCES TO AID IN EVALUATING COMPENSATION AND BENEFITS AND STRATEGIES TO ATTRACT AND RETAIN QUALIFIED PERSONNEL FOR SENIOR EXECUTIVE ADMINISTRATIVE POSITIONS. THE COMMITTEE ANNUALLY REVIEWS AND APPROVES COMPENSATION AND BENEFITS FOR SENIOR ADMINISTRATORS AND OFFICERS OF THE UNIVERSITY. THIS REVIEW INCLUDES COMPARABLE MARKET DATA FOR POSITIONS AT OTHER HIGHER EDUCATION INSTITUTIONS. THE COMMITTEE REPORTS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES THE TOTAL COMPENSATION PAID TO THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. THE COMMITTEE REVIEWS THE RECOMMENDATIONS OF, AND ADVISES, THE PRESIDENT AS TO THE INDIVIDUAL EMPLOYMENT CONTRACTS THAT ARE ABOVE AND BEYOND THE SCOPE OF THE UNIVERSITY'S BASE COMPENSATION AND BENEFITS STRUCTURE. A PA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917RCRA 2006-03-02 57524438 CAMPUS CENTER AND REFUNDING 0 0 0 B PA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 810694H93 2007-10-12 30479254 CONSTRUCT DORMITORY 0 0 0 C PA HIGHER EDUCATION FACILITIES AUTHORITY 232243852 70917RPW9 2008-04-01 11540071 CURRENT REFUNDING 0 0 0 D CITY OF WILKES-BARRE FINANCING AUTHORITY 205684698 968254AX0 2010-09-09 67855761 SCIENCE BUILDING AND DORMITORY 0 0 0 A 60143859 4374322 24554657 1220097 29994783 2007 0 1 1 1 B 30479254 695786 26990068 2008 0 0 1 1 C 11540071 11450977 89904 2008 1 0 1 1 D 67855761 568398 67287363 2011 0 0 1 1 A 0 0 1 1 0 1 0 0 B 0 0 0 0 1 0 0 C 0 0 0 0 1 0 0 D 0 0 1 1 0 1 0 0 A 1 0 0 1 MBIA INC 29.666660000000 1 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION PART I, LINE A, COLUMN (F) DESCRIPTION OF PURPOSE: FUNDING OF VARIOUS CAPITAL PROJECTS INCLUDING FINANCING THE DESIGN, CONSTRUCTION, EQUIPMENT, AND FURNISHINGS OF A NEW CAMPUS CENTER. ADVANCE REFUNDING OF SERIES 2000 UNIVERSITY BONDS AND A PARTIAL ADVANCE REFUNDING OF THE SERIES 1997 BONDS. PART I, LINE B, COLUMN (F) DESCRIPTION OF PURPOSE: FINANCING THE CONSTRUCTION OF A NEW SEVEN STORY RESIDENCE HALL. PART I, LINE C, COLUMN (F) DESCRIPTION OF PURPOSE: REFUNDING OF SERIES 2006 C AND SERIES 2006 D DEBT, FUNDING OF CERTAIN CAPITAL EXPENDITURES, AND THE PAYMENT OF A PORTION OF THE COSTS OF ISSUING THE SERIES 2008 BONDS. PART I, LINE D, COLUMN (F) DESCRIPTION OF PURPOSE: FINANCING THE CONSTRUCTION OF A NEW LOYOLA SCIENCE CENTER AND A MULTI-PURPOSE 400-BED RESIDENCE HALL. PART I, LINE A, COLUMN (F), ENTITY 2- DESCRIPTION OF PURPOSE: PARTIAL FINANCING FOR CONSTRUCTION OF A NEW REHABILITATION EDUCATION CENTER. A NE PA HOSPTIAL & EDUCATION AUTHORITY 237394107 2014-09-11 20000000 CONSTRUCTION OF REHAB CENTER 0 0 0 A 20000000 101773 19898227 2015 0 0 1 1 A 0 0 1 1 0 1 0 0 A 0 0 0 0 1 0 0 0 1 A 1 X 3 18000 DONOR ESTIMATE X 38 440148 MIDPOINT HIGH/LOW X 1 27540 RECEIPT X LAB EQUIPMENT 2 2900 DONOR ESTIMATE X GIFT CARDS/CERTIFICATE 1 500 RECEIPT 0 1 0 PART I, LINE 32B: THE UNIVERSITY USES THE SERVICES OF A SECURITIES BROKER TO SELL ALL SECURITIES RECEIVED AS CHARITABLE CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT OF THE UNIVERSITY, REV. KEVIN P. QUINN, S.J. AND THE VICE PRESIDENT FOR UNIVERSITY MINISTRIES, REV. RICHARD G. MALLOY, S.J. ARE MEMBERS OF THE SCRANTON JESUIT COMMUNITY AND THE MARYLAND PROVINCE OF THE SOCIETY OF JESUS. OTHER CLERGY THAT ARE MEMBERS OF THE BOARD OF TRUSTEES MAY ALSO BE MEMBERS OF THE MARYLAND PROVINCE OF THE SOCIETY OF JESUS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED IN-HOUSE BASED UPON THE AMOUNTS REPORTED IN THE AUDITED FINANCIAL STATEMENTS. THE DRAFT FORM 990 IS COMPLETED BY TREASURER'S OFFICE PERSONNEL AND IS REVIEWED BY INDEPENDENT TAX ADVISORS AND BY THE UNIVERSITY'S SENIOR VICE PRESIDENT (SVP) FOR FINANCE AND ADMINISTRATION BEFORE BEING SENT TO THE AUDIT COMMITTEE FOR REVIEW. THE AUDIT COMMITTEE HAS APPROXIMATELY A ONE-WEEK PERIOD PRIOR TO THE REGULARLY SCHEDULED BOARD MEETING TO COMMENT ON THE DRAFT AND APPROPRIATE REVISIONS ARE MADE BASED UPON THOSE COMMENTS. THE REVISED DRAFT IS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES ON A SECURE UNIVERSITY WEBSITE. AT THE REGULAR BOARD MEETING THE BOARD FORMALLY ADOPTS THE FORM 990 AS FINAL AND AUTHORIZES THE UNIVERSITY'S SVP FOR FINANCE AND ADMINISTRATION TO FILE THE FORM 990 WITH THE IRS. AN IDENTICAL AND SIMULTANEOUS PROCESS IS FOLLOWED TO FILE THE UNIVERSITY'S ANNUAL FORM 990-T. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S SECRETARY TO THE BOARD OF TRUSTEES EXPLAINS AND COLLECTS COMPLETED CONFLICT OF INTEREST STATEMENTS. THE STATEMENTS ARE DISSEMINATED TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, THOSE INVOLVED IN MANAGING FACILITIES AND PROCUREMENT, AND INDIVIDUALS MANAGING GRANT-FUNDED PROJECTS. THESE STATEMENTS ARE REVIEWED BY THE SECRETARY AND THE INTERNAL AUDITOR. THE SECRETARY ATTENDS ALL BOARD MEETINGS WHERE ACTIONS ARE VOTED UPON TO ENSURE THAT INDIVIDUALS WITH POTENTIAL OR ACTUAL CONFLICTS REFRAIN FROM 1) PARTICIPATING IN DISCUSSION, 2) BEING PRESENT DURING A VOTE, OR 3) VOTING UPON THE MATTER INVOLVING THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS APPROPRIATE ANALYSES AND STUDIES PREPARED BY THE HUMAN RESOURCES OFFICE OR EXTERNAL SOURCES TO AID IN EVALUATING COMPENSATION AND BENEFITS AND STRATEGIES TO ASSURE THEY ARE APPROPRIATE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL FOR SENIOR EXECUTIVE ADMINISTRATIVE POSITIONS. THE COMMITTEE ANNUALLY REVIEWS AND APPROVES COMPENSATION AND BENEFITS FOR SENIOR ADMINISTRATORS AND OFFICERS OF THE UNIVERSITY. THIS REVIEW INCLUDES COMPARABLE MARKET DATA FOR POSITIONS AT OTHER HIGHER EDUCATION INSTITUTIONS. THE COMMITTEE REPORTS TO THE EXECUTIVE COMMITTEE THE TOTAL COMPENSATION PAID THE UNIVERSITY'S PRESIDENT AND VICE PRESIDENTS. THE COMMITTEE REVIEWS THE RECOMMENDATIONS OF, AND ADVISES, THE PRESIDENT AS TO INDIVIDUAL CONTRACTS THAT ARE ABOVE AND BEYOND THE SCOPE OF THE UNIVERSITY'S BASE COMPENSATION AND BENEFITS STRUCTURE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. MUCH OF THIS INFORMATION IS ALSO AVAILABLE IN THE UNIVERSITY'S ANNUAL INFORMATION RETURN ON FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 AND THE OTHER DOCUMENTS NOTED ABOVE ARE AVAILABLE TO THE PUBLIC AT THE UNIVERSITY'S TREASURER'S OFFICE. THE FORM 990 IS ALSO AVAILABLE TO THE PUBLIC ONLINE AT "WWW.GUIDESTAR.ORG." FORM 990, PART X, SECTION (A), LINES 16 AND 26 IN APRIL 2015, FASB ISSUED ASU 2015-03, INTEREST - IMPUTATION OF INTEREST (TOPIC 835-30): SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS. THE ASU REQUIRES THAT DEBT ISSUANCE COSTS RELATED TO A RECOGNIZED DEBT LIABILITY BE PRESENTED AS A DIRECT DEDUCTION FROM THE CARRYING AMOUNT OF THAT DEBT LIABILITY, CONSISTENT WITH DEBT DISCOUNTS. THE RECOGNITION AND MEASUREMENT GUIDANCE FOR DEBT ISSUANCE COSTS ARE NOT AFFECTED. WHILE EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2015, EARLY ADOPTION IS PERMITTED. THE UNIVERSITY HAS ELECTED TO EARLY ADOPT THIS GUIDANCE IN 2015 BY RETROACTIVELY REPORTING DEFERRED BOND ISSUANCE COSTS OF $1,096,864 (PREVIOUSLY REPORTED IN 2014 IN PREPAID EXPENSES AND OTHER ASSETS) AS A DEDUCTION FROM BONDS PAYABLE (LONG-TERM DEBT) (SEE NOTE 12) AT MAY 31, 2014 IN THE STATEMENT OF FINANCIAL POSITION. THE ADOPTION HAD NO IMPACT ON THE UNIVERSITY'S RESULT OF OPERATIONS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST LIABILITY -439,390. SCHEDULE E, PART I, LINE 3 THE UNIVERSITY VALUES THE BENEFITS OF DIVERSITY. IT IS COMMITTED TO CREATING A COMMUNITY WHICH RECOGNIZES THE INHERENT VALUE OF DIGNITY OF EACH PERSON. AS SUCH, THE UNVERSITY PROMOTES AN AWARENESS OF AND SENSITIVITY TOWARDS DIFFERENCES OF RACE, GENDER, ETHNICITY, NATIONAL ORIGIN, CULTURE, SEXUAL ORIENTATION, RELIGION, AGE, AND DISABILITIES AMONG STUDENTS, FACULTY, STAFF, AND ADMINISTRATORS. FORM 990, PART VII, LINES 14 AND 30 BOTH THE UNIVERSITY'S PRESIDENT AND ITS VICE PRESIDENT FOR UNIVERSITY MINISTRIES ARE MEMBERS OF THE SOCIETY OF JESUS. MEMBERS OF THE SOCIETY OF JESUS TAKE A VOW OF POVERTY. COMPENSATION FOR THESE UNIVERSITY OFFICER POSITIONS IS PAID DIRECTLY TO THEIR ORDER WHICH IS EXEMPT UNDER SECTION 501(C)(3). UNDER REV. RUL. 77-290 MEMBERS OF A RELIGIOUS ORDER PROVIDING SERVICES TO A CATHOLIC ORGANIZATION WILL BE CONSIDERED FOR TAX PURPOSES TO BE AN AGENT OF THE ORDER PROVIDED; 1) THE RELIGIOUS ORDER IS SUBJECT TO A VOW OF POVERTY, 2) THE RELIGIOUS ORDER IS PROVIDING SERVICES FOR A CATHOLIC ORGANIZATION LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AT THE DIRECTION OF HIS SUPERIOR AND 3) THE FULL AMOUNT OF COMPENSATION IS REMITTED TO THE TAX EXEMPT ORDER BY THE ORGANIZATION. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES IS APPOINTED BY THE BOARD TO ASSIST THE BOARD IN THE DISCHARGE OF ITS OVERSIGHT RESPONSIBILITIES. THE AUDIT COMMITTEE OVERSEES THE FINANCIAL REPORTING PROCESS TO ENSURE THE BALANCE, TRANSPARENCY AND INTEGRITY OF PUBLISHED FINANCIAL INFORMATION. THE AUDIT COMMITTEE ALSO REVIEWS THE INDEPENDENT AUDIT PROCESS, INCLUDING RECOMMENDING THE APPOINTMENT AND ASSESSING THE PERFORMANCE OF THE EXTERNAL AUDITORS. FORM 990, PART VI, SECTION B, LINES 16A AND 16B THE UNIVERSITY HAS ENTERED INTO JOINT VENTURE ARRANGEMENTS WITH TWO PRIVATE EDUCATION COMPANIES TO PROVIDE TECHNICAL, RECRUITMENT, AND MARKETING SUPPORT FOR ITS ONLINE MBA AND ONLINE GRADUATE EDUCATION DEGREE PROGRAMS. THE UNIVERSITY EVALUATES ALL POTENTIAL JOINT VENTURES TO DETERMINE WHETHER THE ACTIVITIES WILL GENERATE UNRELATED BUSINESS INCOME. THE TREASURER'S OFFICE IS INVOLVED IN DISCUSSIONS WITH POTENTIAL BUSINESS PARTNERS AND ADVISES AS TO WHETHER OR NOT JOINT VENTURE RELATIONSHIPS COULD BE DETRIMENTAL TO THE UNIVERSITY'S TAX-EXEMPT STATUS. THE CURRENT JOINT VENTURES WITH ONLINE EDUCATION PROVIDERS CONSTITUTE ACTIVITIES CENTRAL TO THE UNIVERSITY'S MISSION.