2016-05-11T07:13:10-05:00 2015-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2014-07-01 060646829 University of Saint Joseph % WILLIAM B HAWKINSCONTROLLER UNIV 8602324571 1678 ASYLUM AVENUE WEST HARTFORD CT 061172791 SHAWN M HARRINGTON SR. VP FIN. AND STRATEGY 8602324571 2016-05-09 true MARY-EVELYN ANTONETTI P00431862 8605223200 2014 2016-08-17 19:52:53Z PAMELA TROTMAN REID PHD 1678 ASYLUM AVENUE WEST HARTFORD CT 061172791 90798267 false 0928 X WWW.USJ.EDU X 1925 CT THE UNIVERSITY OF SAINT JOSEPH PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. 24 23 1409 100 116968 -167284 8301842 9700736 65055019 66536355 1209122 5127405 367146 641056 74933129 82005552 13970000 13913000 0 0 39187018 40982083 137000 80000 1397034 18773854 20016092 72067872 74991175 2865257 7014377 78123304 79385253 38406304 37622253 39717000 41763000 X THE UNIVERSITY OF SAINT JOSEPH, FOUNDED BY THE SISTERS OF MERCY IN THE ROMAN CATHOLIC TRADITION, PROVIDES A RIGOROUS LIBERAL ARTS AND PROFESSIONAL EDUCATION FOR A DIVERSE STUDENT POPULATION WHILE MAINTAINING A STRONG COMMITMENT TO DEVELOPING THE POTENTIAL OF WOMEN. THE UNIVERSITY IS A COMMUNITY WHICH PROMOTES THE GROWTH OF THE WHOLE PERSON IN A CARING ENVIRONMENT THAT ENCOURAGES STRONG ETHICAL VALUES, PERSONAL INTEGRITY, AND A SENSE OF RESPONSIBILITY TO THE NEEDS OF SOCIETY. CORE VALUES: *CATHOLIC IDENTITY* THE UNIVERSITY OF SAINT JOSEPH IS GROUNDED IN ITS HERITAGE AS A CATHOLIC INSTITUTION, EXPRESSING THE CATHOLIC TRADITION IN AN ECUMENICAL AND CRITICAL MANNER. *COMMITMENT TO WOMEN* THE UNIVERSITY OF SAINT JOSEPH ENCOURAGES, INSPIRES, AND CHALLENGES EACH WOMAN TO DEVELOP EVERY ASPECT OF HER PERSONHOOD; INTELLECTUAL, SPIRITUAL, SOCIAL, EMOTIONAL, AND PHYSICAL. *COMPASSIONATE SERVICE* THE UNIVERSITY OF SAINT JOSEPH PROMOTES, SUPPORTS, AND FACILITATES CARING SERVICE AS AN INTEGRAL PART O false false 54875221 13913000 56250730 COLLEGE AND MASTERS/DOCTORAL PROGRAMS THE UNIVERSITY OF SAINT JOSEPH, WHICH OFFERS OUTSTANDING EDUCATION VALUE IN UNDERGRADUATE, MASTERS, AND DOCTORAL PROGRAMS, IS LOCATED IN WEST HARTFORD, CONNECTICUT. ENHANCED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE VALUES OF THE SISTERS OF MERCY, THE UNIVERSITY ENCOURAGES STUDENTS TO THRIVE IN A CULTURE OF ACHIEVEMENT AND COLLABORATION. WITH SMALL CLASSES TAUGHT BY EXPERT FACULTY, THE UNIVERSITY PROVIDES A VALUES-CENTERED EDUCATION IN AN ENVIRONMENT THAT FOSTERS LEADERSHIP, CONFIDENCE, AND CREATIVITY. IN ADDITION TO THE UNDERGRADUATE WOMEN'S COLLEGE WITH 822 STUDENTS ENROLLED, THE UNIVERSITY OF SAINT JOSEPH HAS A CO-EDUCATIONAL GRADUATE AND PROFESSIONAL STUDIES PROGRAM OFFERING MASTER'S DEGREES AND CERTIFICATES TO 1,336 STUDENTS; A CO-EDUCATIONAL WEEKEND PROGRAM SERVING 165 ADULT LEARNERS PURSUING THEIR BACCALAUREATE DEGREES; AND A SCHOOL OF PHARMACY, LOCATED IN DOWNTOWN HARTFORD, CONNECTICUT OFFERING A UNIQUE THREE CALENDAR YEAR CO-EDUCATIONAL DOCTORAL DEGREE (PHARM. D.) PROGRAM IN PHARMACY. IN 2014 THE SCHOOL HAD 242 STUDENTS. 9348000 10285625 MODEL SCHOOLS THE UNIVERSITY IS HOME TO TWO MODEL SCHOOLS: THE GENGRAS CENTER AND THE SCHOOL FOR YOUNG CHILDREN. THE GENGRAS CENTER IS A STATE-APPROVED PRIVATE SPECIAL EDUCATION FACILITY THAT PROVIDES HIGHLY STRUCTURED, INTENSIVE AND SELF-CONTAINED SPECIAL EDUCATION PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS. IN 2014 IT SERVED 119 STUDENTS FROM SURROUNDING COMMUNITIES. UNIVERSITY OF SAINT JOSEPH STUDENTS FULFILL REQUIRED CLASSES IN THE FIELDS OF SPECIAL EDUCATION, NURSING, SOCIAL WORK, COUNSELING, AND NUTRITION AT THE CENTER. IN MAY 2015 THE GENGRAS CENTER OPENED A NEW FACILITY, THE CENTER FOR APPLIED RESEARCH AND EDUCATION (CARE). WITH THIS EXPANDED CAPACITY, THE GENGRAS CENTER CAN NOW SERVE THE NEEDS OF STUDENTS WITH AUTISM SPECTRUM DISORDERS AND DEVELOPMENTAL DISABILITIES. THE 22,000 SQUARE FOOT FACILITY INCLUDES A GYM, ART ROOM, ADDITIONAL THERAPY SPACE, AND NEW CLASSROOMS SPECIFICALLY DESIGNED FOR STUDENTS WITH AUTISM. THE SCHOOL FOR YOUNG CHILDREN IS A NATIONALLY-ACCREDITED PRESCHOOL WHICH HAS BEEN SERVING CHILDREN SINCE 1936; IN 2014 IT ENROLLED 109 STUDENTS. IT SERVES AS A TRAINING PROGRAM FOR UNIVERSITY STUDENTS PURSUING CAREERS IN EARLY CHILDHOOD EDUCATION AND RELATED FIELDS. 64223221 true false false true false false false true false true true false false false true true true false true false false false false true true false false false true true true false true false false false false false false false false true true false false false true false false false false 181 0 true 1409 true true true false false false false true true false false false false X 24 23 false false false false true true true true true false false true true true true true true true false false AK CO DC KY ME MD MA MI NV NH NJ OK OR SC WA WI X WILLIAM B HAWKINSCONTROLLER 8602315405 1678 ASYLUM AVE WEST HARTFORD CT 06117 PAMELA TROTMAN REID PRESIDENT, TRUSTEE 37.5 0.0 X X 327133 0 87412 KATHLEEN DRISCOLL AMATANGELO TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH C BARTON JD TRUSTEE 1.0 0.0 X 0 0 0 LINDA BETZ TRUSTEE SINCE 7/1/2014 1.0 0.0 X 0 0 0 GREGORY A BOYKO JD TRUSTEE 1.0 0.0 X 0 0 0 SUZANNE DELIEE RSM TRUSTEE 1.0 0.0 X 0 0 0 SANDRA BENDER FROMSON PHD TRUSTEE 1.0 0.0 X 0 0 0 E CLAYTON GENGRAS JR TRUSTEE 1.0 0.0 X 0 0 0 MARTHA S GERVASI TRUSTEE 1.0 0.0 X 0 0 0 SHEILA W HORAN TRUSTEE 1.0 0.0 X 0 0 0 ROBERT KING TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA LESHANE TRUSTEE 1.0 0.0 X 0 0 0 MARY A McCARTHY RSM TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL E McDONOUGH JD TRUSTEE 1.0 0.0 X 0 0 0 LOIS M NESCI TRUSTEE 1.0 0.0 X 0 0 0 BREWSTER PERKINS TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA J ROONEY RSM TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH RUBINO TRUSTEE 1.0 0.0 X 0 0 0 JANET RUFFING RSM PHD TRUSTEE SINCE 7/1/2014 1.0 0.0 X 0 0 0 JOSEPH J SPALLUTO TRUSTEE 1.0 0.0 X 0 0 0 ELAINE M SWEENEY RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 JAMES WAKIM JD TRUSTEE 1.0 0.0 X 0 0 0 CONSTANCE K WEAVER TRUSTEE 1.0 0.0 X 0 0 0 JUDITH A CAREY RSM PHD TRUSTEE 1.0 0.0 X 0 0 0 SHAWN M HARRINGTON VP, FINANCE & ADMIN 37.5 0.0 X 182695 0 42795 MICHELLE KALIS PROVOST 37.5 0.0 X 191446 0 30663 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 37.5 0.0 X 231641 0 26058 DOUGLAS NELSON VP, INSTITUTIONAL ADVANCEMENT 37.5 0.0 X 131530 0 14685 JAMES HENKEL ASSOC DEAN, SCHOOL OF PHARMACY 37.5 0.0 X 141131 0 16027 IVAN EDAFIOGHO PROFESSOR, SCHOOL OF PHARMACY 37.5 0.0 X 127493 0 35518 BRUCE EDGREN PROFESSOR, SCHOOL OF PHARMACY 37.5 0.0 X 136583 0 15538 1469652 0 268696 32 false true false Bon Appetit co Compass Group USA 2400 Yorkmont Rd Charlotte NC 28217 Food Services 1492010 Sodexo Operations LLC 9801 Washington Blvd Gaithersburg MD 20878 Facilities Mgmt. 1071568 K-12 Teachers Alliance 20624 Abbey Woods Ct North Frankfort IL 60423 Marketing & Admin 797081 Bret Stern Productions LLC 18 Leonard St Norwalk CT 06850 Video Production 693070 JCJ Architecture 38 Prospect St Hartford CT 06103 Architectural Svces 404945 11 356147 7836033 1508556 196608 9700736 Tuition and fees 611710 52224072 52224072 SALES & SERVICES 611710 10506102 10506102 Residence & Dining 721000 3806181 3806181 66536355 603779 603779 0 0 141085 141085 0 141085 141085 13167000 8643374 4523626 4523626 4523626 97476 356147 149341 -51865 -51865 0 0 Vendor rebates & allowances 900099 198885 198885 FITNESS CENTER REVENUE 713940 106210 106210 Arts Center revenue 711190 58331 58331 188410 10758 177652 551836 82005552 66536355 116968 5651493 0 13913000 13913000 0 0 1150656 236510 809735 104411 0 31135241 27926754 2464173 744314 2352839 2110378 186214 56247 4075003 3655074 322513 97416 2268344 2034591 179526 54227 1097520 975028 122492 266999 266999 152384 152384 59500 59500 80000 80000 167175 167175 2611794 1863576 731852 16366 1255660 388189 845482 21989 569394 251849 300366 17179 928051 63492 864559 0 2636712 2636712 337740 304631 14559 18550 0 387407 330727 53418 3262 816932 793145 23787 0 3724808 3277109 447699 387515 521 386994 Food Services 1298506 1298506 PROGRAM EXPENSE 932351 932351 DUES & SUBSCRIPTIONS 617492 431871 169410 16211 SUPPLIES 451307 451307 1316845 347900 861583 107362 74991175 64223221 9370920 1397034 X 519732 334004 64960 6470 3265917 2827998 3353999 2167000 0 0 0 0 0 0 0 0 635533 889024 90761983 44160935 38800727 46601048 25140683 25186774 0 0 0 0 0 0 6341753 1372935 78123304 79385253 7613856 7622180 0 0 4559235 4292385 24203598 23000097 0 0 0 0 0 0 0 0 2029615 2707591 38406304 37622253 X 16595000 19475000 9680000 8409000 13442000 13879000 39717000 41763000 78123304 79385253 X 7014377 -4888377 -80000 X false true X true true true X 10163000 6966937 7855011 8301842 9700736 42987526 0 0 10163000 6966937 7855011 8301842 9700736 42987526 3581908 39405618 477812 639023 608400 606828 739465 3071528 10081 0 0 0 0 10081 104919 45902 403928 265105 434868 1254722 47323857 298102308 0.83268 0.82215 X false false false false false true true 59500 false false 59500 false SCHEDULE C, PART IV, LOBBYING ACTIVITIES THE UNIVERSITY OF SAINT JOSEPH BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC) AND OTHER ACADEMIC ASSOCIATIONS, WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. OF THE $24,006 PAID IN DUES TO CCIC, $1,065 (APPROXIMATELY 4.4%), WAS USED FOR LOBBYING. DURING THE YEAR ENDED JUNE 30, 2015, THE UNIVERSITY PAID AN OUTSIDE LOBBYING FIRM $59,500 FOR FEDERAL AND STATE GOVERNMENT RELATIONS AND LOBBYING SERVICES. IN ADDITION, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS TO PROVIDE INFORMATION AND EDUCATION ABOUT THE UNIVERSITY. 690485 X X X X X Teaching false false 25603000 1794000 65000 501219 455781 26505000 23079000 604000 3127000 562000 645000 25603000 21663000 215000 2292000 586000 505000 23079000 21406000 1085000 -51000 553000 224000 21663000 15495000 3730000 2921000 450000 290000 21406000 0.30400 0.52100 0.17500 false false 2522941 2522941 57549664 23559427 33990237 2479331 1530153 949178 23055390 15710658 7344732 5154657 3360697 1793960 46601048 0 CAPITAL LEASE OBLIGATION 315128 GOVERNMENT GRANTS REFUNDABLE 349729 SHORT-TERM LINE OF CREDIT 2042734 2707591 X 63037000 -4888377 -4888377 67925377 167175 13913000 14080175 82005552 60991000 80000 80000 60911000 167175 13913000 14080175 74991175 PART III, LINE 4 ORGANIZATION'S COLLECTION OF ART: THE ART GALLERY AT THE UNIVERSITY OF SAINT JOSEPH OPENED IN 2001 IN THE UNIVERSITY'S BRUYETTE ATHENAEUM; IT NOW HOUSES A COLLECTION OF MORE THAN 2,000 WORKS OF ART. A PAINTINGS COLLECTION WHOSE STRENGTH IS IN AMERICAN ART OF THE TWENTIETH CENTURY, INCLUDING WORKS BY THOMAS HART BENTON, GEORGIA O'KEEFFE AND MILTON AVERY IS COMPLEMENTED BY A COLLECTION OF WORKS OF ART ON PAPER. THE LATTER COLLECTION RANGES FROM THE FIFTEENTH CENTURY TO THE PRESENT, INCLUDING NOTEWORTHY EUROPEAN OLD MASTER PRINTS, NINETEENTH-CENTURY JAPANESE WOODBLOCK PRINTS, AND TWENTIETH-CENTURY AND CONTEMPORARY AMERICAN AND EUROPEAN WORKS. WITH A SUITE OF EXHIBITION GALLERIES, A PRINT STUDY ROOM, AND UP-TO-DATE STORAGE FACILITIES, THE ART GALLERY HAS MADE THE UNIVERSITY'S COLLECTION MORE ACCESSIBLE AND HAS OPENED MYRIAD OPPORTUNITIES FOR THE STUDY AND ENJOYMENT OF ART. THE GALLERY COLLABORATES WITH FACULTY TO PRESENT EDUCATIONAL PROGRAMMING AND HOST CLASS VISITS THROUGHOUT THE YEAR, PROVIDES PROFESSIONAL DEVELOPMENT FOR K-12 TEACHERS, AND OFFERS A VARIETY OF LECTURES, GALLERY TALKS, AND SEMINARS FOR THE GENERAL PUBLIC. EACH YEAR THE ART GALLERY PRESENTS SEVERAL SPECIAL EXHIBITIONS IN ADDITION TO CHANGING INSTALLATIONS OF THE PERMANENT COLLECTION. PART V, LINE 4 ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 190 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI - ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT AND THE GOAL OF MAXIMIZING LONG-TERM RETURN WITHIN ACCEPTABLE LEVELS OF RISK. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A STABLE LEVEL OF FINANCIAL SUPPORT AND TO PRESERVE THE REAL VALUE OF ITS ENDOWMENT. THE UNIVERSITY COMPARES THE PERFORMANCE OF ITS INVESTMENTS AGAINST SEVERAL BENCHMARKS. PART X, LINE 2 - FIN 48 MEMO: THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A), THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER AMOUNTS INCLUDED ON RETURN BUT NOT BOOKS: FINANCIAL AID $13,913,000 PART XII, LINE 2C - OTHER EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN: LOSS ON SWAP $ 80,000 PART XII, LINE 4B - OTHER AMOUNTS INCLUDED ON RETURN BUT NOT BOOKS: FINANCIAL AID $13,913,000 true true true true true true true false false false false false false false false true false true SCHEDULE, LINE 3 - PUBLICIZING NON DISCRIMINATION POLICY: THE UNIVERSITY PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE MAJOR NEWSPAPER IN THE METROPOLITAN REGION FROM WHICH MOST OF ITS STUDENTS COME. SCHEDULE E, LINE 6A- FINANCIAL AID FROM GOVERNMENT AGENCY: THE UNIVERSITY OF SAINT JOSEPH RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES FOR THE BENEFIT OF THE UNIVERSITY'S STUDENTS. X X X X X X true KAREN BUCK 333 WASHINGTON AVE BROOKLYN NY 11205 CONSULTING false 5000 60000 -55000 MCCALLISTER QUINN 1030 15TH ST NW WASHINGTON DC 20005 CONSULTING false 0 20000 -20000 5000 80000 -75000 AL AK AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY GALA 415544 351224 64320 6025 63725 2500 67508 SYC 16162 355 15807 2453 2026 1 21917 4568 17349 3781 1323 453623 356147 97476 6025 69959 2500 70857 149341 -51865 SCHEDULE G, PART I, LINE 2B THE UNIVERSITY ENGAGED KAREN BUCK IN CONNECTION WITH CONTRIBUTIONS FROM CORPORATIONS AND FOUNDATIONS. THE UNIVERSITY ENGAGED MCALLISTER & QUINN IN CONNECTION WITH ASSISTANCE FOR IDENTIFICATION OF AND APPLICATION FOR POTENTIAL GRANTS. true COLLEGE SCHOLARSHIPS & GRANTS 868 13913000 FMV SCHOLARSHIPS SCHEDULE I, PART I, LINE 2 - MONITOR THE USE OF GRANT FUNDS: THE UNIVERSITY'S GRANTS IN THE US CONSIST OF FINANCIAL AID AWARDS WHICH ARE APPLIED AGAINST STUDENTS' RECEIVABLE BALANCES DUE TO THE UNIVERSITY. THE UNIVERSITY MONITORS THESE GRANTS BY CONTROLLING THE APPLICATION OF GRANTS TO STUDENTS' BALANCES. X X true true X X X X X false false false false false false false true false PAMELA TROTMAN REID PRESIDENT, TRUSTEE 291633 0 17000 0 18500 0 28600 0 58812 0 414545 0 0 0 SHAWN M HARRINGTON VP, FINANCE & ADMIN 182695 0 0 0 0 0 21085 0 21710 0 225490 0 0 0 MICHELLE KALIS PROVOST 191446 0 0 0 0 0 21395 0 9268 0 222109 0 0 0 JOSEPH OFOSU DEAN, SCHOOL OF PHARMACY 231641 0 0 0 0 0 25565 0 493 0 257699 0 0 0 JAMES HENKEL ASSOC DEAN, SCHOOL OF PHARMACY 141131 0 0 0 0 0 15609 0 418 0 157158 0 0 0 IVAN EDAFIOGHO PROFESSOR, SCHOOL OF PHARMACY 127493 0 0 0 0 0 14900 0 20618 0 163011 0 0 0 BRUCE EDGREN PROFESSOR, SCHOOL OF PHARMACY 136583 0 0 0 0 0 15109 0 429 0 152121 0 0 0 SCHEDULE J, PART I, QUESTION 1A - PRESIDENT'S HOUSING: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE UNIVERSITY CAMPUS. THE FAIR MARKET VALUE OF THE HOUSING IN THE AMOUNT OF $48,660 HAS BEEN INCLUDED IN THE PRESIDENT'S NONTAXABLE BENEFITS. SCHEDULE J, PART I, QUESTION 1A - HEALTH AND SOCIAL CLUB DUES THE UNIVERSITY PAYS MEMBERSHIP DUES AT THE HARTFORD GOLF CLUB FOR THE PRESIDENT OF THE UNIVERSITY. THIS MEMBERSHIP ALLOWS THE PRESIDENT TO MEET WITH MEMBERS OF THE COMMUNITY TO PROMOTE THE AIMS OF THE UNIVERSITY. NO PERSONAL USE IS PERMITTED, AND THE AMOUNT OF THE DUES IS NOT INCLUDED IN THE PRESIDENT'S W-2. SCHEDULE J, PART I, QUESTION 7 THE PRESIDENT OF THE UNIVERSITY RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2014 BASED UPON ACHIEVEMENT OF ESTABLISHED GOALS, WHICH IS REPORTED ON SCHEDULE J, COLUMN B(II). A Connecticut Health & Education Facilities Authorit 060806186 2011-08-26 5000000 Equipment Financing false false false B Connecticut Health & Education Facilities Authorit 060806186 2013-11-01 10800000 SERIES C: Land purchase, refunding false false false C Connecticut Health & Education Facilities Authorit 060806186 2013-11-01 10800000 SERIES D: BLdg. construction, land false false false A 2857143 0 5000000 0 0 0 0 0 0 4999929 0 71 2014 false false false true B 463296 0 10800000 0 0 0 200000 0 0 785185 9808000 6815 2014 true false false true C 279464 0 10800000 0 0 0 184407 0 0 5417485 4240000 958108 2015 true false false true A false false true false false 0.00000 0.00000 0.00000 false false false false B false false true false false 0.00000 0.00000 0.00000 false false false false C false false true false false 0.00000 0.00000 0.00000 false false false false A false true false false 0 false false false 0 false false B false true true true BERKSHIRE BANK 10. false false 0 false false C false true false false 0 false false false 0 false false A false B false C false PART III, LINE 3A - MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE: ANY MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE BUSINESS USE OF BOND-FINANCED PROPERTY ARE INCIDENTAL. PART III, LINE 3B - ENGAGEMENT OF COUNSEL TO REVIEW MANAGEMENT OR SERVICE RELATING TO THE FINANCED PROPERTY: DUE TO THE FACT WE ONLY HAVE INCIDENTAL SERVICE CONTRACTS IN THIS BOND FINANCED SPACE, WHICH WILL NOT RESULT IN PRIVATE BUSINESS USE AS PER THE SAFE HARBOR PROVIDED UNDER REVENUE PROCEDURE 97-13, WE DO NOT ROUTINELY ENGAGE BOND COUNSEL AND/OR OUTSIDE COUNSEL TO REVIEW THESE CONTRACTS SINCE THEY WILL NOT RESULT IN PRIVATE BUSINESS USE. PART III, LINES 4 & 5 - PRIVATE BUSINESS USE: THE UNIVERSITY REVIEWS EVERY ACTIVITY PROPOSED FOR ITS BOND-FINANCED FACILITIES, AND DOES NOT ALLOW ANY PRIVATE-USE ACTIVITY IN THOSE FACILITIES. PART IV, LINE 7 AND PART V - WRITTEN POLICY: THE UNIVERSITY THROUGHLY REVIEWS ITS BOND ACTIVITY TO ENSURE THAT VIOLATIONS TO FEDERAL TAX REQUIREMENTS ARE IDENTIFIED AND CORRECTED. THE UNIVERSITY IS CURRENTLY UPDATING OUR WRITTEN POLICIES TO INCLUDE THE CORRECT PROCEDURES FOR PART IV, LINE 7 AND PART V. X 1 SEE PART II X 14 196608 AVG. OF MARKET X AUCTION PRIZES 228 0 SEE PART II X VARIOUS 7 0 SEE PART II false true false SCHEDULE M, PART I - NONCASH CONTRIBUTIONS: OTHER THAN CONTRIBUTIONS OF STOCK, NON-CASH ITEMS ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY UNLESS THEY ARE SIGNIFICANT IN AMOUNT. FOR 2014, THE UNIVERSITY RECEIVED 1 ITEM OF ARTWORK, 228 AUCTION ITEMS, AND 7 OTHER ITEMS, WHICH WERE RECORDED AT ZERO VALUE. FORM 990, PART VI, QUESTION 6- ORGANIZATION'S MEMBERS: THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. ACTS AS A CORPORATE MEMBER OF THE UNIVERSITY OF SAINT JOSEPH. FORM 990, PART VI, QUESTION 7A- ROLE OF SISTERS OF MERCY: ELECTION TO THE BOARD OF TRUSTEES IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES, AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC., A MARYLAND NON-STOCK, NOT-FOR-PROFIT CORPORATION, ACTING BY AND THROUGH ITS DULY CONSTITUTED AND AUTHORIZED OFFICERS.) FORM 990, PART VI, QUESTION 7B THE FOLLOWING ACTIONS REQUIRE AN AFFIRMATIVE VOTE BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) IN ORDER TO BE VALID: *DISSOLUTION OF THE CORPORATION, OR CESSATION OF OPERATION AS A UNIVERSITY AND INSTITUTION OF HIGHER EDUCATION; *SALE OF LAND; *SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR ANY OTHER DISPOSITION OF OTHER ASSETS OR PROPERTY OF THE CORPORATION, IN OTHER THAN THE ORDINARY COURSE OF BUSINESS. APPOINTMENT OR REMOVAL OF THE PRESIDENT OF THE UNIVERSITY IS BY MAJORITY VOTE OF THE UNICAMERAL BODY, WHICH CONSISTS OF THE BOARD OF TRUSTEES AND ONE PERSON DESIGNATED BY THE MEMBER OF THE CORPORATION (THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC.) FORM 990, PART VI, QUESTION 11A - FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION IS DISTRIBUTED TO THE BOARD OF TRUSTEES IN ADVANCE OF FILING. FORM 990, PART VI, QUESTION 12 - CONFLICT OF INTEREST POLICY: THE PRESIDENT'S OFFICE SENDS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES TO MEMBERS OF THE BOARD OF TRUSTEES. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS THE COMPLETED QUESTIONNAIRES, AND PRESENTS THE RESULTS TO THE BOARD'S AUDIT COMMITTEE. FORM 990, PART VI, QUESTIONS 15A AND SCHEDULE J PART I, QUESTION 3 COMPENSATION POLICY: THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST REGARDING THE TRANSACTION. THE PROCESS INCLUDES THE COMPARISON WITH COMPENSATION OF PRESIDENTS OF COMPARABLE INSTITUTIONS, BY MEANS OF INDUSTRY SURVEYS AND REVIEW OF FORM 990'S; AND CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT. THE PRESIDENT'S COMPENSATION AGREEMENT IS A WRITTEN DOCUMENT. THIS FULL PROCESS WAS MOST RECENTLY UNDERTAKEN DURING THE YEAR ENDED JUNE 30, 2015. FORM 990, PART VI, LINE 19 - PUBLIC DISCLOSURE THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS ALSO POSTED ON WWW.GUIDESTAR.ORG FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: ALLOCATION OF DEPRECIATION AND OCCUPANCY EXPENSES IN 2014 [=FY15] DEPRECIATION EXPENSE AND OCCUPANCY EXPENSE HAVE BEEN ALLOCATED TO ACTIVITY AREAS THEY RELATE TO. IN PRIOR YEARS THESE EXPENSES WERE ALLOCATED PRIMARILY TO MANAGEMENT AND GENERAL EXPENSES. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES: LOSS ON INTEREST RATE SWAP ($ 80,000) SCHEDULE G, PART II: THE NET INCOME PLUS RELATED CONTRIBUTIONS FROM THE FUNDRAISING EVENTS IS AS FOLLOWS: EVENT DESCRIPTION NET INCOME PLUS RELATED CONTRIBUTIONS GALA EVENTS $275,786 SYC FUNDRAISER 11,683 GENGRAS FUNDRAISER 16,813 ________ TOTAL $304,282 CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD SUITE 300 SILVER SPRING MD 20910 EDUCATION MD 501(C)(3) 1 NA false false false false false false false false false false false false false false false false false false false