2016-04-06T15:29:51-05:00 2015-05-31 310905417 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2014-06-01 610448560 THOMAS MORE COLLEGE THOM 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DAVID ARMSTRONG PRESIDENT 8593443513 2016-04-02 1 THEODORE J FUNK P00002545 8593313300 2014 2016-08-17 19:52:53Z DAVID ARMSTRONG 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 74539142 1 1 0928 X WWW.THOMASMORE.EDU X 1921 KY TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 29 25 735 110 0 0 1304380 5915484 31793751 36344340 1017606 2876258 291161 294811 34406898 45430893 11601687 13607719 0 0 12431518 12451903 0 0 564423 12233233 13222714 36266438 39282336 -1859540 6148557 40606936 44710803 15210350 15121493 25396586 29589310 TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 0 0 30966011 13607719 36344340 PROGRAM SERVICE DISBURSEMENTS ARE APPLIED TO THE FURTHERANCE OF THE COLLEGE'S EXEMPT PROGRAMS OF HIGHER EDUCATION 30966011 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 111 0 735 1 0 0 0 0 0 1 1 0 0 0 0 X 29 25 1 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 KY X JEFFREY C BRIGGS 8593443352 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DALE HENSON TRUSTEE 0.00 X 0 0 0 MOST REV ROGER J FOYS CHANCELLOR 0.00 X X 0 0 0 MARY BROWN TRUSTEE 0.00 X 0 0 0 DANIEL HILTZ TRUSTEE 0.00 X 0 0 0 MARIA GARRIGA TRUSTEE/PROFESSOR 40.00 X 64543 0 20027 SR MARY ETHEL PARROTT SND TRUSTEE 0.00 X 0 0 0 JOSEPH CARUSO TRUSTEE 0.00 X 0 0 0 BRENT MESSMER TRUSTEE 0.00 X 0 0 0 JOHN HODGE III CHAIRMAN 0.00 X X 0 0 0 MELISSA LUEKE CHAIR-ELECT 0.00 X 0 0 0 THOMAS STIENS TRUSTEE 0.00 X 0 0 0 THOMAS HOFFMAN TRUSTEE 0.00 X 0 0 0 MARC NELTNER TRUSTEE 0.00 X 0 0 0 LYNN MEYERS TRUSTEE 0.00 X 0 0 0 SARAH GIOLANDO TRUSTEE 0.00 X 0 0 0 MANISH SHARMA TRUSTEE 37.50 X 71265 0 23736 CHRISTOPHER WILSON TRUSTEE 0.00 X 0 0 0 JEANNE-MARIE TAPKE TRUSTEE 0.00 X 0 0 0 GREGORY STOFKO TRUSTEE 0.00 X 0 0 0 SHARON ELLISTON TRUSTEE 0.00 X 0 0 0 MARNA ZALLA TRUSTEE 0.00 X 0 0 0 GEORGE THELEN TRUSTEE 0.00 X 0 0 0 DAVID ARMSTRONG PRESIDENT 37.50 X X 204636 0 48817 DR ANTHONY ZEMBRODT TRUSTEE 0.00 X 0 0 0 JEROME R BAHLMAN TRUSTEE 0.00 X 0 0 0 GARY E HOLLAND TRUSTEE 0.00 X 0 0 0 JEFFREY C MANDO TRUSTEE 0.00 X 0 0 0 JUDITH A MARLOWE TRUSTEE 0.00 X 0 0 0 MICHAEL STEPHENS STUDENT REP 0.00 X 0 0 0 THOMAS E PRICE PAST CFO 37.50 X 97495 0 11701 CATHY SILVERS VP INSTITUTIONAL ADVANCEME 37.50 X 107431 0 23580 MATTHEW WEBSTER VP OPERATIONS 37.50 X 68447 0 18689 CHARLENE K BARLOW SECRETARY 37.50 X 45826 0 11399 JOHN M WOLPER INTERIM VPAA 37.50 X 58492 0 8992 718135 0 166941 2 0 1 0 ARAMARK SERVICES 333 THOMAS MORE PKWY CRESTVIEW HILLS KY 41017 FOOD & MAINTENANCE SERVICES 2688156 HELIX EDUCATION PO BOX 894 SALT LAKE CITY UT 84110 ADULT EDUCATION PROGRAM MANAGEMENT 1100000 JENZABAR PO BOX 55018 BOSTON MA 02205 IT SERVICE/SOFTWARE 514292 ROYALL AND COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 RECRUITING CONSULTANT 171617 BLUE ASH PARTNERS CO NEYER MGMT PO BOX 9037 CINCINNATI OH 45209 RENT & MAINTENANCE 107741 5 30945 5884539 215856 5915484 STUDENT TUITION 611710 32695839 32695839 AUXILIARY 611710 2958359 2958359 OTHER 611710 690142 690142 36344340 431873 431873 325140 0 325140 325140 325140 31521990 315 29077633 287 2444357 28 2444385 2444385 0 30945 30329 -30329 -30329 45430893 36344340 0 3171069 X 13607719 13607719 12451903 9528187 2495932 427784 6222913 2689603 3501296 32014 292601 241177 51424 177210 141526 33922 1762 646869 445856 146279 54734 407612 326497 80271 844 1366988 1168911 189829 8248 330642 166886 159237 4519 RAFTER BOOKS 883765 883765 MISCELLANEOUS 752072 357391 370829 23852 UTILITIES 660014 427842 232172 SUPPLIES 526447 415372 108452 2623 955581 565279 382259 8043 39282336 30966011 7751902 564423 148631 1591649 934721 3491873 806576 1014109 2300915 2620834 413111 627664 49284755 29183782 20970227 20100973 15032755 15263701 40606936 44710803 1894151 2308172 886005 2486868 5215000 4840000 5878759 4127673 1336435 1358780 15210350 15121493 X 9147267 8746702 3614177 4130026 12635142 16712582 25396586 29589310 40606936 44710803 X 6148557 -1879334 -76499 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148415 0 15636710 4077440 930383 727379 19917154 14448108 72563 1878827 762788 15636710 12506723 392238 2270417 721270 14448108 13888870 134493 -660534 693932 12668897 12083077 139816 2377479 711502 13888870 0.16000 0.84000 0 0 4112955 4112955 35340924 20454418 14886506 6480475 5703424 777051 3350401 3025940 324461 20100973 SECURITIES AND OTHER INVESTMENTS 15263701 F 15263701 OTHER LIABILITIES 1358780 1358780 X 30136270 -1879334 238600 -46170 -1686904 31823174 13607719 13607719 45430893 25943546 238600 30329 268929 25674617 13607719 13607719 39282336 PART X, LINE 2: THE COLLEGE HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE COLLEGE RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED MAY 31, 2015 AND 2014. IF THE SITUATION AROSE IN WHICH THE COLLEGE WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE COLLEGE IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 30,329. CHANGE IN VALUE OF INTEREST RATE SWAP -76,499. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 13,607,719. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 30,329. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 13,607,719. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS SCHEDULE E, PART I, LINE 6 THE AID IN SUPPORT OF THE BACCALAUREATE NURSING PROGRAM WAS SUSPENDED FOR ONE YEAR ON JULY 1, 1998 AND REINSTATED ON JUNE 30, 1999 BY THE DEPARTMENT OF HUMAN HEALTH AND SERVICES GOLF OUTING 30945 30945 6944 12276 11109 30945 30945 6944 12276 11109 30329 -30329 KY 1 0 1 0 1.00000 BETH MALEY 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 0 0 1 STUDENT AID AND SCHOLARSHIPS 963 13607719 PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE COLLEGE. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 DAVID ARMSTRONG PRESIDENT 182357 0 4000 0 18279 0 20000 0 28817 0 253453 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A BONUS TO ONE KEY EMPLOYEE. A CITY OF CRESTVIEW HILLS KY 611018215 2008-12-17 7180000 CURRENT REFUNDING OF SERIES 1998 AND SERIES 2001 BONDS 0 0 0 A 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 1 A 1 43768 MERIT BASED SCHOLARSHIP CENTURY CONSTRUCTION JOHN HODGE, BOARD MEMBER IS A SHAREHOLDER OF CENTURY CONSTRUCTION 13575 CONSTRUCTION WORK 0 X 13 124326 FAIR MARKET VALUE X 22 10340 FAIR MARKET VALUE X MONITORING SYSTEM EQUIP 1 37100 FAIR MARKET VALUE X MISCELLANEOUS 9 34090 FAIR MARKET VALUE X GRAND PIANO 1 10000 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: ALL DONATED SECURITIES ARE TRANSFERRED DIRECTLY TO THE BANK, WHO THEN SELLS THE SECURITIES FOR THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MARC NELTNER AND MARNA ZALLA ARE FAMILY MEMBERS. BOARD MEMBER GARREN COLVIN IS THE VP & COO OF ST. ELIZABETH'S HOSPITAL WHICH PROVIDES SERVICES TO THE TMC NURSING SCHOOL. BOARD MEMBER SARAH GIOLANDO IS A COLLEAGUE OF GARREN COLVIN'S AT ST. ELIZABETH HOSPITAL. THE HUSBAND OF BOARD MEMBER JEANNE-MARIE TAPKE IS AN OFFICER AT THE BANK OF KENTUCKY WHICH DOES BUSINESS WITH TMC. BOARD MEMBER JOHN HODGE IS MAJORITY OWNER OF CENTURY CONSTRUCTION WHO PERFORMS WORK FOR TMC. FORM 990, PART VI, SECTION A, LINE 3 4TH STREET SERVES AS THE INVESTMENT ADVISOR FOR THOMAS MORE FOR THE ENDOWMENT. FORM 990, PART VI, SECTION A, LINE 7A NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION A, LINE 7B NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW, THEN IT IS FORWARDED TO THE BOARD FOR THEM TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THOMAS MORE COLLEGE RECEIVES AN UPDATED CONFLICT OF INTEREST FORM FROM THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENTS EACH PREPARE AN ASSESSMENT OF THEIR PERFORMANCE BASED ON GOALS SET THE PRIOR YEAR. THIS ASSESSMENT IS PROVIDED TO THE PRESIDENT. THE PRESIDENT PREPARES HIS ASSESSMENT. THESE ASSESSMENTS ARE DISCUSSED WITH THE BOARD COMMITTEE CHAIRS WITH WHOM EACH VICE PRESIDENT INTERACTS AS WELL AS THE BOARD CHAIR. COMPENSATION IS THEN DETERMINED. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE CHAIRPERSON OF THE BOARD IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AFTER A SIMILAR PROCESS. THE FINAL COMPENSATION IS RATIFIED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE COLLEGE ROUTINELY MONITORS HOW THOMAS MORE COLLEGE SALARIES COMPARE TO PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G IPD SERVICE FEE: PROGRAM SERVICE EXPENSES 1,260,082. MANAGEMENT AND GENERAL EXPENSES 901,293. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,161,375. SERVICES: PROGRAM SERVICE EXPENSES 1,429,521. MANAGEMENT AND GENERAL EXPENSES 2,600,003. FUNDRAISING EXPENSES 32,014. TOTAL EXPENSES 4,061,538. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP -76,499. ROUNDING FORM 990, PART XII, LINE 2C: THE COLLEGE'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.