2016-05-11T14:01:31-05:00 2015-06-30 350921680 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2014-07-01 350868152 Saint Joseph's College SAIN 2198666000 US 231 South PO Box 889 Rensselaer IN 47978 Spencer Conroy VP Business Affairs & Treasurer 2016-05-11 true Kenneth J Keber P00240883 5742323992 2014 2016-08-17 19:52:53Z Robert Pastoor US 231 South PO Box 889 Rensselaer IN 47978 43031565 false X www.saintjoe.edu X 1889 IN Saint Joseph's College is a liberal arts college striving to prepare men and women to lead successful professional and personal lives consistent with Gospel values. 35 32 632 175 50377 -227222 3830880 3471088 30389434 29662308 1757583 1178634 2223467 2566225 38201364 36878255 14314986 13938352 0 0 12864743 11682149 0 0 374858 13560873 13753873 40740602 39374374 -2539238 -2496119 144783068 134576092 33068998 34731960 111714070 99844132 Saint Joseph's College (Indiana), a primarily undergraduate Catholic college, founded and sponsored by the Missionaries of the Precious Blood, pledges itself to a tradition of excellence and to a liberal education that is a united endeavor of intelligence and faith. (Continued in Schedule O) false false 34054740 13938352 29839564 AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION -- AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. (CONTINUED IN SCHEDULE O) 34054740 true true false false false true true false false true true false false false true true true false true false false false false false true true false false true true false false false false true false true false true false false false false true false false false true 1256 0 true 632 true true true false false false false true true false false false false false false false X 35 32 false false false false true false true true true false false false true true true true true true false false IN X Spencer Conroy 2198666470 US 231 SOUTH Rensselaer IN 47978 Benedict J Sponseller Chair 1.00 X X 0 0 0 Stephen Ruff Co-Chair 1.00 X X 0 0 0 Fr William Stang Trustee/Religious Advisor to the President 40.00 X X 0 0 0 John Nichols PhD Secretary/Professor 20.00 X X 15300 0 0 Larry Hemmelgarn CPPS Trustee 1.00 X 0 0 0 Benjamin Berinti CPPS Trustee (THROUGH OCTOBER 2014) 1.00 X 0 0 0 Mark Peres CPPS Trustee 1.00 X 0 0 0 Margaret Guccione Trustee 1.00 X 0 0 0 Bishop Timothy Doherty Trustee 1.00 X 0 0 0 Edward Habrowski Trustee 1.00 X 8568 0 0 Carol Wood Trustee 1.00 X 0 0 0 David Owens Trustee 1.00 X 0 0 0 Benjamin Basile CPPS Trustee 1.00 X 0 0 0 Steve Ligda Trustee 1.00 X 0 0 0 Larry Laudick Trustee 1.00 X 0 0 0 Michael Vallone Trustee 1.00 X 0 0 0 Patricia Mulcahy Trustee 1.00 X 0 0 0 Mark Seely Trustee/Assistant Professor of Psychology (THROUGH OCTOBER 2014) 40.00 X 59702 0 12483 Lou Offer Trustee 1.00 X 0 0 0 John Morikis Trustee (THROUGH OCTOBER 2014) 1.00 X 0 0 0 John Gause Trustee 1.00 X 0 0 0 Mary Pat Wesche Trustee 1.00 X 0 0 0 John Freiburger Trustee (THROUGH OCTOBER 2014) 1.00 X 0 0 0 Janice Pyrce Trustee 1.00 X 0 0 0 Jim Boler Trustee 1.00 X 0 0 0 Mark Behnke Trustee 1.00 X 0 0 0 John Whelan Trustee (THROUGH OCTOBER 2014) 1.00 X 0 0 0 Todd Rokita Trustee 1.00 X 0 0 0 Michael Van Eekeren Trustee 1.00 X 0 0 0 Paul Misniak Trustee 1.00 X 0 0 0 Kris Sakelaris Trustee 1.00 X 0 0 0 Daniel Daluga Trustee 1.00 X 0 0 0 Michael Scudder Trustee 1.00 X 0 0 0 Terra Maienbrook Trustee/Faculty 40.00 X 65208 0 27715 Anthony Majewski Student Representative (THROUGH FEBRUARY 2015) 2.00 X 576 0 0 Cassian Cheung Trustee 1.00 X 0 0 0 Edwin Langhenry Trustee 1.00 X 0 0 0 Jose Arteaga Student Association President 2.00 X 0 0 0 Chatherine Tymkow Trustee 1.00 X 0 0 0 Stephen Dos Santos Trustee 1.00 X 0 0 0 W Erik Weber Trustee 1.00 X 0 0 0 Leslie Frere Vice President for Student Affairs 40.00 X 106421 0 7885 Hoa Nguyen VP for Business Affairs & Treasurer (THROUGH FEBRUARY 2015) 40.00 X 135119 0 87043 Robert Pastoor President 40.00 X 0 0 0 Spencer Conroy VP for Business Affairs & Treasurer 40.00 X 75987 0 53925 Elizabeth Graf VP for Institutional Advancement & Marketing 40.00 X 46814 0 8623 Chad Pulver VP for Academic Affairs 40.00 X 62530 0 32587 Maureen Valery Egan VP for Institutional Advancement & Marketing (THROUGH JULY 2014) 40.00 X 70740 0 11257 CPPS Rob Reuter RELIGIOUS ADVISOR TO THE PRESIDENT 1.00 X 0 0 0 646965 0 241518 3 false true false SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60604 FOOD SERVICE 2010751 TRANE COMPANY PO Box 98167 Chicago IL 60693 HEATING CONTRACTOR 729281 THE BLAKLEY CORPORATION 8060 EAST 88TH STREET INDIANAPOLIS IN 46256 CONSTRUCTION SERVICES 471168 REGISTRY FOR COLLEGE UNIVERSITY 3 CENTENNIAL DRIVE PEABODY MA 01960 CONSULTING SERVICES 209000 ADVANCED SYSTEMS GROUP PO BOX 1287 FORT WAYNE IN 46801 ENGINEERING FOR MEDIA AND ENTERTAINMENT 194528 10 X 0 0 148672 0 595908 2726508 740847 3471088 Tuition and Fees 611710 23538918 23538918 Dining Hall & Student Center 611703 3062897 3062897 Residence Halls 611710 3060493 3023200 37293 0 0 0 0 29662308 432684 432684 0 0 0 0 2395175 2395175 0 2395175 13084 2382091 6615931 5869981 745950 0 745950 745950 29801 148672 38838 -9037 -9037 21099 3797 17302 17302 188930 240694 -51764 -51764 Fees and Fines 900099 30837 30837 Service Department 900099 97549 97549 86163 86163 0 0 214549 36878255 29839564 50377 3517226 0 0 13938352 13938352 0 0 0 0 578846 578846 0 180057 180057 0 0 8239020 6466749 1520404 251867 262150 194079 60779 7292 1925725 1420190 451379 54156 496351 367466 115078 13807 0 0 0 0 22774 0 22774 0 101464 0 101464 0 0 0 0 0 0 0 112435 0 112435 0 751119 286960 457439 6720 65942 15239 50703 0 2046863 1533306 498973 14584 218146 1374 216772 0 1734 1734 0 0 1935724 1901373 34351 0 675912 592807 70127 12978 0 0 0 0 0 0 0 0 1283250 1283250 0 0 0 0 0 0 1849129 1457785 391344 0 414437 414437 0 0 Summer camps and student expenses 1753430 1753430 0 0 Membership dues & subscriptions 180758 120206 58142 2410 Professional development and recruiting 113872 89799 24073 0 Loss on Contribution Receivable 866385 866385 0 0 1360499 1169762 179693 11044 39374374 34054740 4944776 374858 0 0 0 0 1437491 3211602 3913479 1818640 6099877 5196331 379691 419252 0 0 0 1760215 1765967 56886 74744 273134 220552 137296360 30983550 114327182 106312810 15008882 14331577 1016558 695109 0 509673 529508 144783068 134576092 1541737 1554289 715756 1354709 0 28373557 29036028 2437948 2786934 33068998 34731960 X 2648389 685965 13444389 12093010 95621292 87065157 111714070 99844132 144783068 134576092 X -2496119 -795597 0 0 0 -8578222 X false true X true true true X 3856962 3870463 2867827 3830880 3471088 17897220 3856962 3870463 2867827 3830880 3471088 17897220 2133530 15763690 2691908 2642426 2322428 2395354 2814774 12866890 -135658 -116226 -154848 -128297 -227222 -762251 1218138 1194089 1327242 526178 454379 4720026 34721885 140591727 0.4540 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 154498.0, COLUMN B - 129157.0, COLUMN C - 143564.0, COLUMN D - 40140.0, COLUMN E - 29801.0, COLUMN F - 497160.0; DESCRIPTION - GAMING INCOME, COLUMN A - 22445.0, COLUMN B - 15419.0, COLUMN C - 23382.0, COLUMN D - 20993.0, COLUMN E - 21099.0, COLUMN F - 103338.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 803579.0, COLUMN B - 810930.0, COLUMN C - 764687.0, COLUMN D - 211419.0, COLUMN E - 188930.0, COLUMN F - 2779545.0; DESCRIPTION - OTHER INCOME, COLUMN A - 237616.0, COLUMN B - 238583.0, COLUMN C - 395609.0, COLUMN D - 253626.0, COLUMN E - 214549.0, COLUMN F - 1339983.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1485737 false false X X 2 345.0 1 0 0 1 false 1.0 2500 24856806 49943 224291 628072 195576 148871 24158521 24313179 275881 2578622 626467 1539654 144755 24856806 24179514 33535 710858 364445 143331 102952 24313179 20806928 797791 3019284 296161 72449 75879 24179514 17216867 775617 3398891 307449 203656 73342 20806928 0.255 0.494 0.251 false false 84125128 44582 84169710 46032626 26420596 19612030 1942900 1336370 606530 5151124 3226584 1924540 0 0 0 106312810 annuity contracts payable 116058 asset retirement obligations 900000 U.S. government advances 1770876 2786934 X 13891329 -795597 146916 -22516574 -23165255 37056584 105000 -283329 -178329 36878255 25761267 146916 -13938352 -13791436 39552703 105000 -283329 -178329 39374374 Schedule D, Part II, Line 9 Conservation easements financial reporting The revenues and expenses associated with the properties subject to a conservation easement are netted together on the income statement within the appropriate revenue line. Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College has received a determination letter from the Internal Revenue Service indicating that the College is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. U.S. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2015 and 2014. The College is no longer subject to examination by U.S. federal taxing authorities for fiscal years before 2012 and for all state income taxes through fiscal year 2012. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2015 and 2014. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships - -13938352 Unrealized Loss on Permanently restricted farm land held as an investment - -8578222 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Gaming Expenses - -3797 Cost of Goods Sold - -240694 Fundraising Expenses - -38838 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Scholarships - -13938352 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Gaming Expenses - -3797 Cost of Goods Sold - -240694 Fundraising Expenses - -38838 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY See Part II Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF TITLE IV FUNDS: PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, PERKINS LOAN FUNDS, DIRECT LOANS, ETC. THE ORGANIZATION ALSO RECEIVES FINANCIAL AID FROM THE STATE STUDENT ASSISTANCE COMMISSION OF INDIANA IN GRANTS SUCH AS: HIGHER EDUCATION AWARDS, FREE OF CHOICE, AND 21ST CENTURY. AID HAS NOT BEEN SUSPENDED OR REVOKED. THE ORGANIZATION ALSO RECEIVED A TITLE III STRENGTHENING INSTITUTIONS GRANT TO ASSIST WITH IMPROVING STUDENT RETENTION. Scholarship Dinner 178473 148672 29801 1500 20963 3800 12575 0 0 178473 148672 29801 1500 20963 3800 12575 38838 -9037 21099 3697 0 0 100 true 0.95 21099 3697 0 0 100 3797 17302 IN true false false false 0.0 1.0 Aaron Hickman US 231 South Rensselaer IN 47978 false SEE SCHEDULE G PART IV 0 SEE SCHEDULE G PART IV X false 0 Schedule G, Part III, Line 16 DESCRIPTION OF SERVICES PROVIDED THE COLLEGE DOES NOT HAVE A SEPARATE GAMING MANAGER. THESE RECORDS ARE HANDLED THROUGH THE BUSINESS OFFICE; THE ACCOUNTING MANAGER MANAGES THE SEGREGATED GAMING FUNDS. true SCHOLARSHIPS AWARDED 788 13805175 0 N/A N/A CAMPUS BASED FEDERAL AID 305 133177 0 N/A N/A Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. X X true true X X false false false false false false false false false Hoa Nguyen VP for Business Affairs & Treasurer (THROUGH FEBRUARY 2015) 134603 0 0 0 516 0 9234 0 77809 0 222162 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The College provides transitional housing from time to time for certain president cabinet members (formally known as Ad Staff), thus making them "interested persons." This housing is meant to be temporary in nature and provide for a smoother transition of that individual and their family to the town of Rensselaer and therefore to the college community. Schedule J, Part I, Line 1a Health or social club dues or initiation fees IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. SEE PART V SEE PART V 49260 TUITION WAIVERS STUDENT FINANCIAL ASSISTANCE KAY BLANKENSHIP SPOUSE OF DANIEL BLANKENSHIP (FORMER OFFICER) 26544 EMPLOYEE COMPENSATION & BENEFITS false MIKE NICHOLS SON OF JOHN NICHOLS (TRUSTEE) 47076 EMPLOYEE COMPENSATION & BENEFITS false JONATHAN NICHOLS SON OF JOHN NICHOLS (TRUSTEE) 79271 EMPLOYEE COMPENSATION & BENEFITS false PAT BROWN-SEELY SPOUSE OF MARK SEELY (TRUSTEE) 14588 EMPLOYEE COMPENSATION & BENEFITS false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 12 740847 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: The number of items received. Form 990, Part III, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART III) THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. TO FULFILL THIS MISSION, THE COLLEGE PLEDGES: 1. TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 2. TO CONDUCT THE CORE CURRICULUM AND, THROUGH IT, ALL COLLEGE PROGRAMS WITHIN THE CONCEPTUAL FRAMEWORK AND VALUE COMMITMENTS OF "CHRISTIAN HUMANISM" THAT STEM FROM OUR JUDEO-CHRISTIAN AND GRAECO-ROMAN TRADITIONS AND FROM OUR VATICAN II INSPIRATION. 3. TO GIVE WITNESS IN A SPECIAL WAY, IN ALL ASPECTS OF CAMPUS LIFE, ACADEMICALLY AND EXISTENTIALLY, TO THE CHRISTIAN HUMANIST VALUES OF JUSTICE AND LOVE AND ITS COMMITMENT TO HUMAN SOLIDARITY AND INTERDEPENDENCE ON NATIONAL AND GLOBAL LEVELS. 4. TO ADD TO THE EMPHASIS TO EDUCATE THE WHOLE STUDENT -- INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY -- AN ABIDING CONCERN TO PROVIDE PERSONALIZED AND INDIVIDUALIZED CARE. 5. TO STEWARD ALL THE RESOURCES OF THE COLLEGE IN TRUTH, IN LOVING JUSTICE, AND WITH CONCERN FOR THE NEEDS OF THE INDIVIDUAL. 6. TO EXTEND PERSONAL AND PROFESSIONAL SERVICES AS CHURCH AND PUBLIC NEEDS MAY REQUIRE. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III, LINE 4A) THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FOR OTHER INCOMING EXECUTIVES, COMPENSATION IS SET AFTER PERFORMING SIMILAR BENCHMARKING AND APPROVED BY THE PRESIDENT. ON AN ANNUAL BASIS, EXECUTIVE COMPENSATION IS TYPICALLY ADJUSTED IN A MANNER SIMILAR TO OTHER EMPLOYEES OF THE COLLEGE. FROM TIME TO TIME, AN ADJUSTMENT MAY BE MADE TO AN INDIVIDUAL EXECUTIVE'S COMPENSATION OUTSIDE OF THE NORMAL SALARY ADJUSTMENTS APPROVED BY THE BOARD. THIS WOULD OCCUR AFTER SIMILAR BENCHMARKING AGAINST PEER INSTITUTIONS. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING: - THE CHAIR OF THE BOARD - THE VICE CHAIR OF THE BOARD - THE PROVINCIAL DIRECTOR OR HIS DESIGNEE - THE PRESIDENT - THE CHAIRS OF THE STANDING COMMITTEES - SUCH OTHER MEMBERS OF THE BOARD AS MAY BE DESIGNATED BY THE CHAIR THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MEET ONLY AT THE DISCRETION OF THE CHAIR. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES, BUT SHALL NOT HAVE THE POWER TO ELECT OR REMOVE ANY OFFICER OR APPROVE THE BUDGET, AND SHALL REPORT TO THE BOARD AT ITS NEXT MEETING. Form 990, Part VI, Line 6 Classes of members or stockholders The organization's members are those persons holding the offices of the Provincial Director and those serving on the Provincial Council of the Society of the Precious Blood (C.PP.S.), Cincinnati Province, a Roman Catholic society of apostolic life. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following powers are reserved to the Members: A. To adopt the amendment, alteration, modification, or repeal of the Articles of Incorporation as proposed by the Board of Trustees; B. To adopt the amendment, alteration, modification, or repeal of the Bylaws of the Corporation as proposed by the Board of Trustees; C. To dissolve or terminate the existence of the Corporation and to determine the distribution of assets upon such termination or dissolution as proposed by the Board of Trustees; D. To merge, consolidate, or affiliate the Corporation with another corporation, organization, or program as proposed by the Board of Trustees; E. To approve the Mission Statement of the College or any change to the Mission Statement as proposed by the Board of Trustees. The Members also have the right to prohibit any organization or policy at the College that are inconsistent with the Catholic identity of the College. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE AND IS REVIEWED WITH THE COLLEGE'S TAX ADVISORS. A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. SCHEDULE B IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON THEIR REQUEST. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. Form 990, Part VI, Line 15a Process to establish compensation of top management official DURING THE 2014-15 FISCAL YEAR, THE PRESIDENTIAL COMPENSATION WAS SET BY THE BOARD OF TRUSTEES AFTER BENCHMARKING AGAINST A LIST OF 35 PEER INSTITUTIONS ALONG WITH A LIST OF BACCULAUREATE COLLEGES AND UNIVERSITIES. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 86163, Related or Exempt Function Revenue: 86163, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES THE FAIR VALUE OF FARM LAND WAS DETERMINED BY MANAGEMENT USING APPRAISALS, QUOTED MARKET PRICES FOR SIMILAR ASSETS OR OTHER MARKET DATA, SUCH AS THE PURDUE AGRICULTURAL ECONOMICS REPORT, WHICH IS A REPORT THAT SUMMARIZES THE RESULTS OF AN ANNUAL SURVEY OF NUMEROUS PROFESSIONALS KNOWLEDGEABLE ABOUT INDIANA'S FARMLAND MARKET. THIS REPORT SERVES TO PROVIDE INFORMATION REGARDING FARMLAND VALUES AND CASH RENT. UNREALIZED GAINS AND LOSSES ARE INCLUDED IN THE CHANGE IN NET ASSETS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED LOSS ON PERMANENTLY RESTRICTED FARM LAND HELD AS AN INVESTMENT - -8578222; CHARITABLE REMAINDER UNITRUST (1) TRUST IN NA Trust false false false false false false false false false false false false false false false false false false false false