2016-04-01T14:36:22-05:00 2015-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2014-06-01 340714818 FRANCISCAN UNIVERSITY OF STEUBENVILLE FRAN 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 7402833771 2016-03-08 1 SUSAN M KIRSCH P00341397 4122613644 2014 2016-08-17 19:52:53Z FR SEAN O SHERIDAN 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 114290663 0 X WWW.FRANCISCAN.EDU X 1946 OH INSTITUTION OF HIGHER EDUCATION AND CHRISTIAN OUTREACH PROGRAMMING. 23 23 2018 383 576298 0 6268646 8083206 67327942 70877463 3976278 2531689 1871521 2007936 79444387 83500294 14130448 14964827 0 0 33062053 34191472 189885 240750 3811899 25021164 25851085 72403550 75248134 7040837 8252160 172530324 184532662 30673150 33161550 141857174 151371112 X THE PURPOSE OF THE UNIVERSITY IS TO FURTHER THE HIGHER EDUCATION OF MEN AND WOMEN THROUGH PROGRAMS OF LIBERAL, PROFESSIONAL, AND PRE-PROFESSIONAL STUDIES LEADING TO THE CONFERRAL OF THE BACCALAUREATE AND MASTER DEGREES IN THE ARTS AND SCIENCES. SAID DEGREES SHALL BE CONFERRED IN ACCORDANCE WITH THE PROVISIONS OF THE ARTICLES OF INCORPORATION OF THE UNIVERSITY AND THE LAWS OF THE STATE OF OHIO.IT SHALL BE THE FURTHER PURPOSE OF THE UNIVERSITY, PUBLICLY IDENTIFIED AS A CATHOLIC AND A FRANCISCAN INSTITUTION, TO PROMOTE THE MORAL, SPIRITUAL, AND RELIGIOUS VALUES OF ITS STUDENTS. THE UNIVERSITY WILL BE GUIDED BY THE EXAMPLE AND TEACHING OF ST. FRANCIS OF ASSISI. 0 0 58337000 14964827 69473008 INSTRUCTION AND AUXILIARY SERVICES (INCLUDING ROOM AND BOARD) AS RELATED TO THE INSTRUCTION OF 2,714 UNDERGRADUATE AND GRADUATE STUDENTS (INCLUDES ONLINE DELIVERY STUDENTS)ENROLLED IN 54 MAJORS AND 33 MINOR ACADEMIC PROGRAMS. A TOTAL OF 543 UNDERGRADUATE AND 158 GRADUATE DEGREES WERE CONFERRED IN THE 2014-15 ACADEMIC YEAR. 3876286 3356619 CHRISTIAN OUTREACH PROGRAMS PROVIDE SPIRITUAL FORMATION AND EDUCATION, INVITING CATHOLICS INTO A LIFELONG RELATIONSHIP WITH CHRIST AND HIS CHURCH. 50,582 YOUTH AND ADULTS PARTICIPATE IN ANNUAL CONFERENCES, EVENTS, AND SEMINARS IN THE U.S AND CANADA. A DIGITAL CATECHETICAL PLATFORM ALSO FURTHERS THE UNIVERSITY`S GOALS FOR THE NEW EVANGELIZATION. 62213286 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 1 3885 0 1 2018 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN A STEITZ CONTROLLER 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 RICHARD ALLEN TRUSTEE 1.00 X 0 0 0 DRCHARLES BENTZ TRUSTEE 1.00 X 0 0 0 REV SERAPHIM BESHONER TOR TRUSTEE 1.00 X 0 0 0 DIANE BROWN TRUSTEE 1.00 X 0 0 0 PAUL CARAPELLOTTI TRUSTEE 1.00 X 0 0 0 REV MICHAEL CISKI TOR TRUSTEE 1.00 X 0 0 0 THERESA COLLINS TRUSTEE 1.00 X 0 0 0 DAVID DEWOLF TRUSTEE 1.00 X 0 0 0 MR RICHARD RIEDERER TRUSTEE 1.00 0.10 X 0 0 0 MOST REVEREND ROGER J FOYS TRUSTEE 1.00 X 0 0 0 REV SAM JACOBS TRUSTEE 1.00 X 0 0 0 MR W PAUL JONES TRUSTEE (ENTERED 10/2014) 1.00 X 0 0 0 REV JOHN MARK KLAUS TRUSTEE 1.00 X 0 0 0 ALBERT H LANGSENKAMP TRUSTEE 1.00 X 0 0 0 JAMIE MCALEER TRUSTEE 1.00 X 0 0 0 PAUL NIGRO TRUSTEE 1.00 X 0 0 0 DAVID ROBERTSON TRUSTEE 1.00 X 0 0 0 CAROL SNYDER TRUSTEE (EXITED 2/2015) 1.00 X 0 0 0 REV MALACHI VAN TASSELL TOR TRUSTEE 1.00 0.10 X 0 0 0 MICHAEL TOBIN TRUSTEE 1.00 X 0 0 0 REV CLETUS WATSON TOR TRUSTEE 1.00 X 0 0 0 VERY REV RICHARD DAVIS TOR CHAIRMAN 1.00 X X 0 0 0 ED JOHNSON VICE CHAIR 1.00 X X 0 0 0 REV SEAN O SHERIDAN TOR PRESIDENT/BOARD SECR. 50.00 0.50 X X 0 0 0 MICHAEL M HERNON VP OF ADVANCEMENT 50.00 X 131911 0 62543 DR DANIEL R KEMPTON VP FOR ACADEMIC AFFAIRS 50.00 X 133653 0 27585 REV NATHAN MALAVOTI TOR VP OF COMMUNITY RELATIONS 50.00 X 0 0 0 BRENAN PATRICK PERGI EXECUTIVE DIRECTOR HR 50.00 X 94832 0 23681 JOEL S RECZNIK VP OF ENROLLMENT MGMT 50.00 X 121827 0 96915 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 50.00 X 109611 0 71661 ADAM SCURTI VP HR LEGAL COUNSEL (EXITED 8/2014) 50.00 X 94894 0 9635 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 50.00 0.50 X 158700 0 29678 JANINE STASIULEWICZ CORP. SECRETARY 40.00 X 43724 0 5832 DR REGINA BOERIO PROFESSOR CHAIR OF PSYCHOLOGY,SOCIOLOGY 50.00 X 109619 0 21590 DR MICHAEL HEALY PROFESSOR CHAIR OF PHILOSOPHY DEPT 50.00 X 125938 0 23686 DR DANIEL KUEBLER PROFESSOR CHAIR BIOLOGY DEPT 50.00 X 121492 0 21372 DR REGIS E MARTIN PROFESSOR OF THEOLOGY 50.00 X 106502 0 68028 MICHAEL J WELKER PROFESSOR CHAIR OF ACCOUNTING, BUSINNESS DEPT 50.00 X 112217 0 68599 1464920 0 530805 10 0 1 0 SODEXO INC 10400 FERNWOOD ROAD BETHESDA MD 20817 FOOD SERVICE 4504948 MASSARO CORPORATION 91 PENNSYLVANIA AVE OAKMONT PA 15139 CONSTRUCTION 1767584 FRANCISCAN FRIARS TOR PO BOX 188 LORETTO PA 15940 ADMIN & FACULTY 958149 JEFFERSON INVESTIGATORS & SECURITY INC 1439 SUNSET BLVD STEUBENVILLE OH 43952 SECURITY 544422 STOPPINI GROUP TRAVEL LLC 61 DOUGLAS PIKE UXBRIDGE MA 01569 TRAVEL 272211 19 64680 501935 7516591 1873593 8083206 TUITION AND FEES 900099 52462211 52462211 AUXILIARY ACTIVITIES 900099 13405398 13405398 CHRISTIAN OUTREACH 611710 3356619 3138923 217696 STUDENT REL.ACTIVITIES 900099 812922 806381 6541 EDUCATIONAL ACTIVITIES 900099 522004 522004 318309 293609 24700 70877463 1873605 -16194 1889799 102342 0 102342 102342 102342 28047294 26791649 597561 1255645 -597561 658084 658084 14425 64680 58953 -44528 -44528 6824 8866 -2042 -2042 5285504 3333340 1952164 1608609 343555 83500294 72237135 576298 2603655 12446135 12446135 2518692 2518692 1206343 577284 414910 214149 538096 347643 39080 151373 23673940 19264059 2886576 1523305 1311750 1060844 159667 91239 5740383 4670145 666531 403707 1720960 1349475 238123 133362 167604 5875 161729 163750 22963 140787 13500 13500 240750 240750 30949 30949 2238628 1633381 436228 169019 636122 464750 10638 160734 4009973 3240760 445571 323642 639552 306522 252784 80246 2324 2324 2662899 1914335 748564 1927652 1692939 130273 104440 158257 107176 36536 14545 875589 682714 192875 4457908 3475918 981990 448442 241544 206898 FOOD SERVICE 4682125 4682125 REPAIR & MAINTENANCE 1546980 698792 775417 72771 HOSPITALITY 778904 663775 43071 72058 DUES/MEMBERSHIPS 251099 119498 88542 43059 158828 23618 135210 75248134 62213286 9222949 3811899 1154896 5810685 4189121 6088468 1105001 2000959 1060242 1114528 896394 884476 675157 558216 1258480 1169044 137463157 57078531 81387807 80384626 70289472 74910696 10451871 11566985 61883 43979 172530324 184532662 7522247 7029405 727808 731841 2644022 2637163 16060000 14885000 2232115 1749938 4260857 1486958 1867346 30673150 33161550 X 102102055 108625633 21081191 22803588 18673928 19941891 141857174 151371112 172530324 184532662 8252160 1261778 0 X X 0 1 X 1 1 1 X 5798383 4027532 4072547 4909586 7044642 25852690 5798383 4027532 4072547 4909586 7044642 25852690 1545596 24307094 1026591 1466755 1456105 1668936 1975947 7594334 33447024 351307269 0.72670 0.72970 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: AMOUNT: 179775. DESCRIPTION: AMOUNT: 858789. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 30382 0 0 30382 0 PART II-B, LINE 1: FEES AND GENERAL EXPENSES PAID TO LOBBYIST TO SEEK OPPORTUNITIES FOR GRANTS. 139771 X X X 0 52091041 1327435 3125778 1277105 55267149 45903865 1681635 5276401 770860 52091041 40063569 220109 6123228 503041 45903865 40927541 852000 -1496660 219312 40063569 32893733 2367838 5995895 329925 40927541 0.37080 0.36080 0.26840 0 0 9441581 9441581 109888922 46066690 63822232 17211408 11011841 6199567 921246 921246 80384626 ALTERNATIVE INVESTMENT FUNDS & PARTNERSHIPS 11565985 F GOOD VENTURE ENTERPRISES, LLC 1000 F 11566985 STUDENT AND OTHER DEPOSITS 1867346 1867346 X 72575975 1261778 3423527 4685305 67890670 15609624 15609624 83500294 63062037 3423527 3423527 59638510 15609624 15609624 75248134 PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS INCLUDE PAINTINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, DRAWINGS AND WATERCOLORS AND DECORATIVE ARTS. THESE ITEMS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, CURATORIAL AND OTHER RELIGIOUS PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ITEMS ARE REFLECTED IN EQUIPMENT IN THE FINANCIAL STATEMENTS AT APPRAISED VALUE ON THE DATE PURCHASED OR CONTRIBUTED. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 160 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH THESE ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: INCOME TAXES - THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAX UNDER APPLICABLE STATE STATUTES. HIH HAS BEEN ORGANIZED AS AN LLC, WHICH IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE TAXABLE INCOME OR LOSS FROM THE HOTEL AND RESTAURANT ACTIVITIES OF HIH IS INCLUDED IN THE INCOME TAX RETURN OF THE UNIVERSITY. ACCORDINGLY, ANY INCOME FROM HIH THAT IS UNRELATED TO THE EXEMPT PURPOSES OF THE UNIVERSITY IS TREATED AS UNRELATED BUSINESS INCOME ON THE UNIVERSITY'S TAX RETURN. THE UNIVERSITY FOLLOWS THE RELEVANT ACCOUNTING GUIDANCE RELATIVE TO UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY FILES INFORMATION AND INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND VARIOUS STATES AND FOREIGN JURISDICTIONS. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 67,819. COST OF GOODS SOLD 3,333,340. ASSET DISPOSAL 22,368. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 15,609,624. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 67,819. COST OF GOODS SOLD 3,333,340. ASSET DISPOSAL 22,368. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 15,609,624. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL UNDERGRADUATE AND GRADUATE APPLICATIONS REFLECT NON-DISCRIMINATORY POLICIES. THE POLICY STATEMENT IS CONTAINED IN PRINT AND TV ADVERTISING, AND PUBLISHED IN ADMISSIONS RECRUITMENT MATERIALS, UNIVERSITY CATALOGS, AND DOCUMENTS DISTRIBUTED TO PROSPECTIVE STUDENTS. THE POLICY IS ALSO STATED ON THE UNIVERSITY`S WEBSITE. SCHEDULE E, PART I, LINE 6 THESE FUNDS REPRESENT FINANCIAL AID ISSUED TO STUDENTS IN THE FORM OF FEDERAL AND STATE GRANTS, SCHOLARSHIPS, TUITION DISCOUNTS, AND INSTITUTIONAL FINANCIAL AID. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. 1 EUROPE 2 23 STUDENT STUDY ABROAD PROGRAMS INSTRUCTION, STUDENT HOUSING, ADMINISTRATION, FOOD AND LEASE. 5549108 CENTRAL AMERICA AND CARIBBEAN 0 0 INSTITUTIONAL SUPPORT,CHRISTIAN OUTREACH MISSIONS 143653 SOUTH AMERICA 0 0 CHRISTIAN OUTREACH MISSIONS 165392 NORTH AMERICA 0 0 CHRISTIAN OUTREACH CHRISTIAN CONFERENCE 3954 CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS 7978040 EUROPE 0 0 SCHOLARSHIPS AND FINANCIAL AID ACADEMIC INSTRUCTIONS 1118022 EUROPE 0 0 GENERAL SUPPORT OPERATING SUPPORT 1400670 2 23 0 0 2 23 16358839 0 16358839 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 1400670 1 STUDENT AID FOR STUDY ABROAD PROGRAM EUROPE 335 1118022 ELECTRONIC POSTING TO STUDENT ACCOUNTS VIA GL PROCESSING N/A N/A 1 0 1 0 0 0 PART I, LINE 2: THE UNIVERSITY REQUIRES PERIODIC REPORTING ON THE USE OF THE FUNDS TO ENSURE THAT THE FUNDS ARE USED FOR THEIR STATED PURPOSE. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. X X X X X X X 0 STUDDES GROUP FOR IMPACT LLC 6655 EAGLE CREEK LANE OSTRANDER OH 43061 CAMPAIGN PREP-MESSAGING,TRAINING,TRACKING AND DOCUMENTATION. 0 0 240750 0 240750 BARON CLUB/CALIPARI SPEAKER 72495 64680 7815 18638 22000 16096 ROGGENSACK RUN 6610 6610 293 1926 79105 64680 14425 293 18638 22000 18022 58953 -44528 1 FEDERAL FINANCIAL AID 48 108538 STATE FINANCIAL AID 140 212113 INSTITUTIONAL AID 2087 10680765 RESTRICTED SCHOLARSHIPS 627 1444719 PART I, LINE 2: THESE FUNDS REPRESENT FINANCIAL AID ISSUED TO STUDENTS IN THE FORM OF FEDERAL AND STATE GRANTS, SCHOLARSHIPS, TUITION DISCOUNTS, AND INSTITUTIONAL FINANCIAL AID. STUDENTS RECEIVING SCHOLARSHIPS AND GRANTS FROM FRANCISCAN UNIVERSITY ARE MONITORED TO ENSURE THEY MEET THE ACADEMIC REQUIREMENTS OR OTHER CRITERIA ASSOCIATED WITH THE RESPECTIVE AWARD. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. X 1 1 0 0 0 0 0 0 0 0 0 MICHAEL M HERNON VP OF ADVANCEMENT 130891 0 0 0 1020 0 13566 0 48977 0 194454 0 0 0 DR DANIEL R KEMPTON VP FOR ACADEMIC AFFAIRS 133653 0 0 0 0 0 13638 0 13947 0 161238 0 0 0 JOEL S RECZNIK VP OF ENROLLMENT MGMT 121167 0 0 0 660 0 12203 0 84712 0 218742 0 0 0 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 109431 0 0 0 180 0 11149 0 60512 0 181272 0 0 0 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 157680 0 0 0 1020 0 15731 0 13947 0 188378 0 0 0 DR REGIS E MARTIN PROFESSOR OF THEOLOGY 106502 0 0 0 0 0 7667 0 60361 0 174530 0 0 0 MICHAEL J WELKER PROFESSOR CHAIR OF ACCOUNTING, BUSINNESS DEPT 112217 0 0 0 0 0 8450 0 60149 0 180816 0 0 0 PART I, LINE 1B THE UNIVERSITY OWNS THE FRIARY BUILDING ON ITS CAMPUS. FATHER SHERIDAN RESIDES IN THE FRIARY. ALL OPERATING EXPENSES ARE THE FINANCIAL RESPONSIBILITY OF THE THIRD ORDER REGULAR OF ST. FRANCIS OF PENANCE (TOR) OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS, FRANCISCAN UNIVERSITY'S MEMBER. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AWD0 2006-07-06 20694366 REFUNDING,DORMITORY AND OTHER CAPITAL PROJECTS 0 0 0 A 20694366 1535358 3085500 537971 15535535 2008 1 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 0 1 A 1 P SKIVIAT OFFICER'S FAMILY MEMBER 36305 COMPENSATION 0 K HARRIS OFFICER'S FAMILY MEMBER 134464 COMPENSATION 0 J RECZNIK OFFICER'S FAMILY MEMBER 118929 COMPENSATION 0 M RECZNIK OFFICER'S FAMILY MEMBER 145212 COMPENSATION 0 M RECZNIK OFFICER'S FAMILY MEMBER 19940 COMPENSATION 0 C RECZNIK OFFICER'S FAMILY MEMBER 56354 COMPENSATION 0 X 71 1873588 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY`S BOARD HAS AN EXECUTIVE COMMITTEE WHOSE DUTIES AND RESPONSIBILITIES ARE OUTLINED IN THE BYLAWS. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE, BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, AS PROVIDED IN THE BYLAWS, ANY AND ALL THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND TRANSACTION OF BUSINESS OF THE UNIVERSITY AND SHALL HAVE THE POWER TO AUTHORIZE THE SEAL OF THE UNIVERSITY TO BE AFFIXED TO ALL INSTRUMENTS WHICH MAY REQUIRE IT. THE EXECUTIVE COMMITTEE SHALL MEET UPON CALL BY THE CHAIRMAN OF THE BOARD, OR THE PRESIDENT OF THE UNIVERSITY. A MAJORITY OF THE EXECUTIVE COMMITTEE, AT LEAST ONE (1) OF WHOM SHALL BE A LAY MEMBER, SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. THE EXECUTIVE COMMITTEE SHALL REPORT ITS ACTIVITIES, INCLUDING ACTIONS TAKEN ON BEHALF OF THE FULL BOARD, TO THE BOARD AT ITS NEXT MEETING. THE EXECUTIVE COMMITTEE MAY DECIDE IT APPROPRIATE TO MAIL A COPY OF THE MINUTES OF ITS MEETING TO EACH MEMBER OF THE BOARD IN ADVANCE OF THE NEXT MEETING OF THE BOARD AND IN LIEU OF MAKING A REPORT AT THAT MEETING. FORM 990, PART VI, SECTION A, LINE 2 FR. MALACHI VAN TASSELL, T.O.R, DAVID M. SKIVIAT, SR., FR. SEAN SHERIDAN, T.O.R., AND MR. RICHARD RIEDERER ARE MEMBERS OF THE MARIA THRON FOUNDATION SUPERVISORY BOARD. FORM 990, PART VI, SECTION A, LINE 6 FRANCISCAN UNIVERSITY OF STEUBENVILLE IS A 501(C)(3) NONPROFIT CORPORATION WITH MEMBERS. THE MEMBERS OF THE CORPORATION ARE THE MINISTER PROVINCIAL AND THE PROVINCIAL CURIA OF THE MOST SACRED HEART OF JESUS, THIRD ORDER REGULAR (T.O.R.) AND THE PRESIDENT OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE WHO SERVES AS MEMBER EX OFFICIO. THESE INDIVIDUALS SERVE AS MEMBERS OF THE CORPORATION DURING THEIR RESPECTIVE TERMS AS MINISTER PROVINCIAL, MEMBERS OF THE PROVINCIAL CURIA, AND PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE MINISTER PROVINCIAL AND PROVINCIAL CURIA OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS ARE EX OFFICIO MEMBERS OF BOARD. THESE INDIVIDUALS ARE ELECTED BY THE PROVINCE OF THE MOST SACRED HEART OF JESUS. SEVEN OF THE 25 BOARD MEMBERS MUST BE MEMBERS OF THE ORDER. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED EXCLUSIVELY TO THE MEMBERS OF THE CORPORATION: A. TO DETERMINE THE PHILOSOPHY AND OBJECTIVES OF THE CORPORATION. B. TO ADOPT AMENDMENTS TO THE ARTICLES OF INCORPORATION, AND TO ALTER, AMEND, OR REPEAL BYLAWS. C. TO PURCHASE, SELL, LEASE, TRANSFER OR ENCUMBER, CONSTRUCT, OR UNDERTAKE THE DESTRUCTION OF LAND AND/OR BUILDINGS OWNED BY THE UNIVERSITY, OR IN WHICH THE UNIVERSITY HAS OR WILL HAVE LEGAL OR EQUITABLE TITLE. D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE UNIVERSITY WITH ANY OTHER CORPORATION. E. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE UNIVERSITY AND TO DETERMINE THE DISTRIBUTION OF CORPORATE ASSETS UPON SUCH DISSOLUTION OR TERMINATION, PROVIDED THAT SUCH DISTRIBUTION BE EXCLUSIVELY MADE FOR SUCH PURPOSES AS ARE EXEMPT FROM TAXATION UNDER FEDERAL LAW. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, 990-T AND REQUIRED SCHEDULES ARE REVIEWED BY THE UNIVERSITY'S FINANCE MANAGEMENT TEAM. UPON COMPLETION OF THIS REVIEW, THE FORMS ARE FINALIZED AND A COMPLETE COPY OF THE RETURN IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES VIA THE UNIVERSITY'S INTRANET SITE IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. AFTER THE AUDIT COMMITTEE REVIEWS THE FORM 990 THEY COMMUNICATE WITH THE FULL BOARD. THE FORM 990 IS AVAILABLE ON THE INTRANET SITE FOR ANY BOARD MEMBER TO VIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS TO IDENTIFY POTENTIAL OR ACTUAL CONFLICTS. MEMBERS OF THE UNIVERSITY'S FINANCE MANAGEMENT TEAM REVIEW ALL COMPLETED ANNUAL DISCLOSURES. PERCEIVED OR ACTUAL CONFLICTS ARE ADVANCED TO THE BOARD FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 A. THE PRESIDENT OF THE UNIVERSITY, A CATHOLIC PRIEST OF FRANCISCAN FRIARS TOR, HAS TAKEN A VOW OF POVERTY AND IS NOT COMPENSATED FOR HIS SERVICE TO THE UNIVERSITY. THIS ARRANGEMENT IS DISCLOSED AND REVIEWED BY THE PROVINCIAL OF THE FRANCISCAN ORDER AND THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. DUE TO THE FACT THAT NO COMPENSATION IS PAID TO THE PRESIDENT, POLICIES AND PROCESSES REGARDING AWARDING PRESIDENTIAL COMPENSATION ARE NOT RELEVANT, DISCLOSURES IN PART VII AND SCHEDULE J REFLECT THIS FACT. THE UNIVERSITY DOES MAKE A PAYMENT TO THE FRANCISCAN FRIARS TOR FOR THE SERVICES PERFORMED BY ALL FRIARS. B. THE UNIVERSITY MAINTAINS A MARKET BASED COMPENSATION SYSTEM WITH ASSIGNED PAY RANGES FOR EACH POSITION REFLECTING THE MARKET WAGE AMONG A GROUP OF IDENTIFIED PEERS AND RELATIVE LEVEL OF RESPONSIBILITY WITHIN THE ORGANIZATION. OFFICERS' COMPENSATION IS DETERMINED WITHIN THE BUDGETING PROCESS AND SALARY INCREASES ARE RECOMMENDED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION IN CONSULTATION WITH THE PRESIDENT AND APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FRANCISCAN UNIVERSITY OF STEUBENVILLE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST SUBMITTED TO VP OF FINANCE AND ADMINISTRATION. FORM 990, PART XI, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT: AUDIT COMMITTEE DUTIES INCLUDE RECOMMENDING ENGAGEMENT OF AN INDEPENDENT AUDIT FIRM FOR BOARD APPROVAL, REVIEWING OF FINANCIAL STATEMENTS AND AUDIT RESULTS, FOLLOWING UP ON AUDIT RECOMMENDATIONS, AND REVIEWING FINANCIAL REPORTING COMPLIANCE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE FRANCISCAN UNIVERSITY OF STEUBENVILLE WITH NO VOTING RIGHTS: DR. JOHN H. IRVIN AND REV. BRIAN MILLER, T.O.R. GOOD VENTURE ENTERPRISES LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE DORMITORY & SOCIAL SPACE FOR STUDENTS & GUESTS OH 3003672 10456063 N/A GOOD VENTURE HIH LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 261329844 PROVIDE HOTEL/REST SVC & LIMITED DORM SPACE FOR STUDENTS/GUESTS OH 3286699 4379020 N/A GOOD VENTURE BELLEVIEW 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 FUTURE DEVELOPMENT FOR CAMPUS EXPANSION OH -1109 2007865 N/A GOOD VENTURE PROPERTIES 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 DEVELOPMENT FOR CAMPUS EXPANSION OH 2954399 5302421 N/A GOOD VENTURE PARKVIEW CIRCLE LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE RESIDENTIAL AND ACADEMIC SPACE FOR STUDENTS OH -125224 3501990 N/A FOUNDATION MARIA THRON 3292 GAMING KARTAUSE 1 EUROPE AU HISTORIC MONASTERY SITE OF THE UNIVERSITY'S STUDY ABROAD PROGRAM AU N/A N/A N/A 0 BILDUNGSVEREIN KARTAUSE GAMING 3292 GAMING KARTAUSE 1 EUROPE AU EDUCATE, PUBLISH ACADEMIC WORKS, HOLD LECTURES, IMPLEMENT CULTURAL EVENTS AU N/A N/A N/A 0 KARTAUSENBETRIEBSMGH & CO NFG KG 3292 GAMING KARTAUSE 1 EUROPE AU HOTEL, RESTAURANT-TOURISM AU N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 FOUNDATION MARIA THRON-LEASE PAYMENTS K 1020404 FMV KARTAUSENBETRIEBSGMBH & CO NFG - PAYMENT FOR FOOD SERVICES M 606372 FMV FOUNDATION MARIA THRON-SUPPORT PAYMENTS B 1400670 FMV PART II FRANCISCAN UNIVERSITY IS RELATED TO THE FOUNDATION MARIA THRON AND ITS AFFILIATE (KARTAUSENBETRIEBSGMBH & CO NFG) BECAUSE IT HOLDS MORE THAN 50% OF THE BOARD SEATS OF FOUNDATION MARIA THRON.