2015-04-01T14:48:38-05:00 2014-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2013-06-01 340714818 FRANCISCAN UNIVERSITY OF STEUBENVILLE FRAN 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 7402833771 2015-03-11 1 SUSAN M KIRSCH P00341397 4122613644 2013 2016-02-25 16:41:14Z FR SEAN O SHERIDAN 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 103515041 0 X WWW.FRANCISCAN.EDU X 1946 OH INSTITUTION OF HIGHER EDUCATION AND CHRISTIAN OUTREACH PROGRAMMING. 24 24 2028 317 339780 0 4642542 6268646 64028011 67327942 3139315 3976278 1900064 1871521 73709932 79444387 11413723 14130448 0 0 31454209 33062053 0 189885 3287189 23280303 25021164 66148235 72403550 7561697 7040837 163898953 172530324 31934394 30673150 131964559 141857174 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 56873955 14126598 65777088 INSTRUCTION AND AUXILIARY SERVICES (INCLUDING ROOM AND BOARD) AS RELATED TO THE INSTRUCTION OF 2,733 UNDERGRADUATE AND GRADUATE STUDENTS (INCLUDES ONLINE DELIVERY STUDENTS)ENROLLED IN 54 MAJORS AND 33 MINOR ACADEMIC PROGRAMS. A TOTAL OF 516 UNDERGRADUATE AND 175 GRADUATE DEGREES WERE CONFERRED IN THE 2013-14 ACADEMIC YEAR. 3227974 3850 3041177 CHRISTIAN OUTREACH PROGRAMS PROVIDE SPIRITUAL FORMATION AND EDUCATION, INVITING CATHOLICS INTO A LIFELONG RELATIONSHIP WITH CHRIST AND HIS CHURCH. 41,550 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. 60101929 1 1 0 0 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 3926 0 1 2028 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 X 24 24 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 DRCHARLES BENTZ TRUSTEE 1.00 0.00 X 0 0 0 DIANE BROWN TRUSTEE 1.00 0.00 X 0 0 0 PAUL CARAPELLOTTI TRUSTEE 1.00 0.00 X 0 0 0 REV MICHAEL CISKI TOR TRUSTEE 1.00 0.00 X 0 0 0 THERESA COLLINS TRUSTEE 1.00 0.00 X 0 0 0 MOTHER REGINA PACIS COURY FSGM TRUSTEE (EXIT 10/2013) 1.00 0.00 X 0 0 0 ALBERT H LANGSENKAMP TRUSTEE 1.00 0.00 X 0 0 0 JAMIE MCALEER TRUSTEE 1.00 0.00 X 0 0 0 PAUL NIGRO TRUSTEE 1.00 0.00 X 0 0 0 DAVID ROBERTSON TRUSTEE 1.00 0.00 X 0 0 0 CAROL SNYDER TRUSTEE 1.00 0.00 X 0 0 0 REV MALACHI VAN TASSELL TOR TRUSTEE 1.00 1.00 X 0 0 0 REV CLETUS WATSON TOR TRUSTEE 1.00 0.00 X 0 0 0 RICHARD ALLEN TRUSTEE 1.00 0.00 X 0 0 0 DAVID DEWOLF TRUSTEE 1.00 0.00 X 0 0 0 REV SAM JACOBS TRUSTEE 1.00 0.00 X 0 0 0 REV JOHN MARK KLAUS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL TOBIN TRUSTEE 1.00 0.00 X 0 0 0 MRROBERT SMITH TRUSTEE 1.00 0.00 X 0 0 0 REV SERAPHIM BESHONER TOR TRUSTEE (ENTER 02/2014) 1.00 0.00 X 0 0 0 MOST REVEREND ROGER J FOYS TRUSTEE 1.00 0.00 X 0 0 0 MR RICHARD RIEDERER TRUSTEE (ENTER 02/2014) 1.00 0.00 X 0 0 0 ED JOHNSON VICE CHAIR (ENTER 06/2013) 1.00 0.00 X X 0 0 0 VERY REV RICHARD DAVIS TOR CHAIRMAN (ENTER 06/2013) 1.00 0.00 X X 0 0 0 REV SEAN O SHERIDAN TOR PRESIDENT/BOARD SECR.(ENTER 06/2013) 50.00 0.10 X X 0 0 0 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 50.00 0.10 X 135818 0 27568 REV NATHAN MALAVOTI TOR VP OF COMMUNITY RELATIONS 40.00 0.00 X 0 0 0 JANINE STASIULEWICZ CORP. SECRETARY 40.00 0.00 X 38213 0 6083 DR ROBERT G FILBY EXECUTIVE VP (EXIT 11/2013) 50.00 0.10 X 176246 0 22859 BRENAN PATRICK PERGI EXECUTIVE DIRECTOR HR 50.00 0.00 X 93371 0 23450 ADAM SCURTI VP HR/LEGAL COUNSEL 50.00 0.00 X 139575 0 14217 MICHAEL M HERNON VP OF ADVANCEMENT 50.00 0.00 X 130251 0 38742 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 50.00 0.00 X 108258 0 47063 JOEL S RECZNIK VP OF ENROLLMENT MGMT 50.00 0.00 X 117639 0 82481 DR DANIEL R KEMPTON VP FOR ACADEMIC AFFAIRS 50.00 0.00 X 130219 0 23948 DR MICHAEL HEALY CHAIR OF PHILOSOPHY 50.00 0.00 X 121300 0 23293 DR REGINA BOERIO CHAIR OF PSYCHOLOGY,SOCIOLOGY 50.00 0.00 X 104767 0 21128 MICHAEL J WELKER CHAIR OF ACCOUNTING, BUSINESS 50.00 0.00 X 112181 0 88953 KEVIN G SEBOLT DIRECTOR OF INFORMATION TECHNOLOGY 50.00 0.00 X 104134 0 24502 DR SCOTT HAHN CHAIR OF BIBLICAL THEOLOGY 50.00 0.00 X 102956 0 58060 1614928 0 502347 12 0 1 0 MASSARO CORPORATION 91 PENNSYLVANIA AVE OAKMONT PA 15139 CONSTRUCTION 6867444 SODEXO INC 10400 FERNWOOD ROAD BETHESDA MD 20817 FOOD SERVICE 4093970 FRANCISCAN FRIARS TOR PO BOX 188 LORETTO PA 15940 ADMIN & FACULTY 933439 MACLACHLAN CORNELIUS & FILONI 200 THE BANK TOWER 3074 AVE PITTSBURGH PA 15222 ARCHITECT 571166 JEFFERSON INVESTIGATORS & SECURITY INC 1439 SUNSET BLVD STEUBENVILLE OH 43952 SECURITY 523063 17 70290 420152 5778204 327424 6268646 TUITION AND FEES 900099 49703758 49703758 AUXILIARY ACTIVITIES 900099 12519051 12519051 CHRISTIAN OUTREACH 611710 3041177 2794711 246466 STUDENT REL.ACTIVITIES 900099 740989 732299 8690 MISCELLANEOUS STUDENT SERVICES 611710 702004 679996 22008 620963 620963 67327942 1593043 -14472 1607515 75893 0 75893 75893 75893 23076890 20383794 309861 2693096 -309861 2383235 2383235 7240 70290 57151 -49911 -49911 7521 6557 964 964 5157866 3313291 1844575 1767487 77088 79444387 68818265 339780 4017696 11302658 11302658 2827790 2827790 1359931 538171 636377 185383 22918433 18642516 2812222 1463695 1263123 1032316 140013 90794 5851019 4713779 704423 432817 1669547 1309413 232452 127682 67167 67167 160613 10783 149830 189885 189885 43658 43658 1694614 1317051 316586 60977 253054 160193 17350 75511 3743021 3120965 315683 306373 758342 447396 238320 72626 8764 8764 2340969 1655428 685541 1842797 1591883 159696 91218 122519 82837 23431 16251 930813 721261 209552 4378885 3393075 985810 1315619 1028496 287123 FOOD SERVICE 4517933 4517933 REPAIR & MAINTENANCE 1663691 920085 677429 66177 HOSPITALITY 734817 614094 54090 66633 DUES/MEMBERSHIPS 257314 111050 105097 41167 186574 33992 152582 72403550 60101929 9014432 3287189 448923 1154896 5061418 4189121 1759905 1105001 621894 1060242 918022 896394 533741 675157 1076474 1258480 134041239 52653432 76168817 81387807 65838064 70289472 11396922 10451871 74773 61883 163898953 172530324 7442223 7522247 722703 727808 2492197 2644022 17519000 16060000 2364325 2232115 1393946 1486958 31934394 30673150 X 96078758 102102055 18893508 21081191 16992293 18673928 131964559 141857174 163898953 172530324 7040837 2851778 0 X X 0 1 X 1 1 1 X 4936664 5798383 4027532 4072547 4909586 23744712 4936664 5798383 4027532 4072547 4909586 23744712 1530685 22214027 1079437 1026591 1466755 1456105 1668936 6697824 30442536 337537165 0.72970 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: AMOUNT: 538660.AMOUNT: 538660.AMOUNT: 538660.AMOUNT: 538660.AMOUNT DESCRIPTION: AMOUNT: 820400.AMOUNT: 820400.AMOUNT: 820400.AMOUNT: 820400.AMOUNT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139771 X X X 0 45903865 1681635 5276401 770860 52091041 40063569 220109 6123228 503041 45903865 40927541 852000 -1496660 219312 40063569 32893733 2367838 5995895 329925 40927541 27392641 1204930 4619294 323132 32893733 0.37960 0.35850 0.26190 0 0 8357183 8357183 109416519 42965644 66450875 16127766 9687788 6439978 139771 139771 81387807 ALTERNATIVE INVESTMENT FUNDS & PARTNERSHIPS 10450871 F GOOD VENTURE ENTERPRISES, LLC 1000 F 10451871 STUDENT AND OTHER DEPOSITS 1486958 1486958 X 71718588 2851778 2851778 68866810 10577577 10577577 79444387 61825973 3686860 3686860 58139113 14264437 14264437 72403550 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: 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 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -63,708. COST OF GOODS SOLD -3,313,291. ASSET DISPOSAL -309,861. TUITION ASSISTANCE 12,309,401. TUITION WAIVER BENEFIT 1,955,036. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 63,708. COST OF GOODS SOLD 3,313,291. ASSET DISPOSAL 309,861. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 12,309,401. TUITION WAIVER BENEFIT 1,955,036. 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 EDUCATIONAL ASSISTANCE IS RECEIVED IN THE FORM OF FEDERAL AND STATE GRANTS AWARDED TO INDIVIDUAL STUDENTS. 1 EUROPE 2 27 STUDENT STUDY ABROAD PROGRAMS INSTRUCTION, STUDENT HOUSING, ADMINISTRATION. 3972567 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 CHRISTIAN OUTREACH PILGRIMAGE 2125 CENTRAL AMERICA AND CARIBBEAN 0 0 INSTITUTIONAL SUPPORT,CHRISTIAN OUTREACH MISSIONS 174203 SOUTH AMERICA 0 0 CHRISTIAN OUTREACH MISSIONS 54377 NORTH AMERICA 0 0 CHRISTIAN OUTREACH CHRISTIAN CONFERENCE 1750 AFRICA 0 0 EDUCATIONAL GRANTS INSTRUCTION AND ADMIN 1274 RUSSIA AND NEIGHBORING STATES 0 0 STUDENT STUDY ABROAD PROGRAMS ACADEMIC, INSTRUCTION AND ADMIN SUPPORT 1315 CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS 7134104 EUROPE 0 0 SCHOLARSHIPS AND FINANCIAL AID ACADEMIC INSTRUCTIONS 1010593 EUROPE 0 0 GENERAL SUPPORT OPERATING SUPPORT 1817197 2 27 0 0 2 27 11341715 2827790 14169505 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 1817197 1 STUDENT AID FOR STUDY ABROAD PROGRAM EUROPE 297 1010593 ELECTRONIC POSTING TO STUDENT ACCOUNTS VIA GL PROCESSING N/A N/A 1 0 1 0 1 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 FEASIBILITY STUDY AND FUNDRAISING CONSULTANTS 0 0 189885 -189885 189885 -189885 BARON CLUB/CALIPARI SPEAKER 74695 70290 4405 18625 18950 17170 ROGGENSACK RUN 2835 2835 175 2231 77530 70290 7240 175 18625 18950 19401 57151 -49911 1 FEDERAL FINANCIAL AID 47 86478 STATE FINANCIAL AID 143 177200 INSTITUTIONAL AID 2008 9910778 RESTRICTED SCHOLARSHIPS 527 1124352 SCHOLARSHIPS FOR PRIESTS 7 3850 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 X X X 0 0 0 0 0 0 0 0 0 DAVID M SKIVIAT SR VP OF FINANCE & ADMINISTRATION 134798 0 0 0 1020 0 13621 0 13947 0 163386 0 0 0 DR ROBERT G FILBY EXECUTIVE VP (EXIT 11/2013) 175346 0 0 0 900 0 17583 0 5276 0 199105 0 0 0 ADAM SCURTI VP HR/LEGAL COUNSEL 139575 0 0 0 0 0 13813 0 404 0 153792 0 0 0 MICHAEL M HERNON VP OF ADVANCEMENT 129231 0 0 0 1020 0 13235 0 25507 0 168993 0 0 0 DAVID ALAN SCHMIESING VP OF STUDENT LIFE 108078 0 0 0 180 0 10886 0 36177 0 155321 0 0 0 JOEL S RECZNIK VP OF ENROLLMENT MGMT 116979 0 0 0 660 0 11915 0 70566 0 200120 0 0 0 DR DANIEL R KEMPTON VP FOR ACADEMIC AFFAIRS 130219 0 0 0 0 0 10001 0 13947 0 154167 0 0 0 MICHAEL J WELKER CHAIR OF ACCOUNTING, BUSINESS 112181 0 0 0 0 0 8244 0 80709 0 201134 0 0 0 DR SCOTT HAHN CHAIR OF BIBLICAL THEOLOGY 97562 0 0 0 5394 0 8971 0 49089 0 161016 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 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 1 A 1 P SKIVIAT OFFICER'S FAMILY MEMBER 32005 SALARY 0 K HARRIS OFFICER'S FAMILY MEMBER 88934 SALARY 0 J RECZNIK OFFICER'S FAMILY MEMBER 54164 SALARY 0 M RECZNIK OFFICER'S FAMILY MEMBER 71573 SALARY 0 M RECZNIK OFFICER'S FAMILY MEMBER 19727 SALARY 0 DR A SCURTI OFFICER'S FAMILY MEMBER 11990 COMPENSATION 0 CRECZNIK OFFICER'S FAMILY MEMBER 19543 SALARY 0 X 25 550735 FMV X ANIMAL RESEAR 1 61583 FMV X GAMES, SIMULA 745 15715 FMV X PIANO 1 7500 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 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., MR. RICHARD RIEDERER AND DR. ROBERT FILBY 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 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 450370 7539167 N/A GOOD VENTURE HIH LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 261329844 PROVIDE HOTEL/REST SVC & LIMITED DORM SPACE FOR STUDENTS/GUESTS OH 3570512 4263926 N/A GOOD VENTURE BELLEVIEW 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 FUTURE DEVELOPMENT FOR CAMPUS EXPANSION OH 0 2008973 N/A GOOD VENTURE PROPERTIES 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 FUTURE DEVELOPMENT FOR CAMPUS EXPANSION OH 0 2271714 N/A GOOD VENTURE PARKVIEW CIRCLE LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE RESIDENTIAL AND ACADEMIC SPACE FOR STUDENTS OH 0 3822589 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 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 FOUNDATION MARIA THRON-LEASE PAYMENTS K 900130 FMV KARTAUSENBETRIEBSGMBH & CO NFG - PAYMENT FOR FOOD SERVICES M 623909 FMV FOUNDATION MARIA THRON-SUPPORT PAYMENTS M 1817197 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.