2015-04-20T10:23:28-07:00 2014-06-30 990 2013-07-01 350868127 MANCHESTER UNIVERSITY INC MANC 2609825000 604 E College Avenue North Manchester IN 46962 Jack Gochenaur VP Finance/Treasurer 2609825245 2015-04-20 2013 2016-03-07 17:11:31Z David McFadden 604 E College Avenue North Manchester IN 46962 70710692 0 X www.manchester.edu X 1902 IN Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 36 33 1015 70 136230 -8284 9132953 18721970 42723337 44843292 4117431 3887167 459077 543578 56432798 67996007 22747388 23019009 0 0 19931766 21951536 61030 61150 1777231 14957371 14369138 57697555 59400833 -1264757 8595174 135150573 146328422 19262971 17954528 115887602 128373894 Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 0 0 51241609 23019009 44843292 Manchester University offers more than sixty areas of undergraduate study, two master's programs and a professional doctorate to 1,400 students from 20 states and 19 countries. The independent, liberal arts school is located in North Manchester, IN., where 72 percent of the students live on the 120-acre campus. A four-year professional Doctor of Pharmacy program is on a Fort Wayne, IN campus. 0 0 0 51241609 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1899 0 1 1015 1 1 1 0 0 0 0 1 1 1 3 0 0 0 X 36 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X Jack Gochenaur 2609825245 604 E College Avenue North Manchester IN 46962 Paris Ball-Miller Trustee 1 0 X 0 0 0 Robert Barcus Trustee 2 0 X 0 0 0 D Randall Brown Board Chair 4 0 X X 0 0 0 James Colon Trustee 1 0 X 0 0 0 Sara Edgerton Board Secretary 2 0 X X 0 0 0 Susan Fitze Trustee 1 0 X 0 0 0 John Gilmore Trustee 1 0 X 0 0 0 Patricia Grant Trustee 1 0 X 0 0 0 John Haines Trustee 2 0 X 0 0 0 Steven Hammer Vice Chair 2 0 X X 0 0 0 Fuad Hammoudeh Trustee 2 0 X 0 0 0 Mary Haupert Trustee 1 0 X 0 0 0 C Scott Hullinger Trustee 1 0 X 0 0 0 Kyle Hupfer Trustee 1 0 X 0 0 0 Ruthann Johansen Trustee 2 0 X 0 0 0 Philip Joseph Trustee 1 0 X 0 0 0 Allen Kahler Trustee 1 0 X 0 0 0 Phillip Keiser Trustee 2 0 X 0 0 0 Joel Kline Trustee 1 0 X 0 0 0 Pedro Larco Trustee 1 0 X 0 0 0 Marsha Link Board Chair 4 0 X X 0 0 0 Paula Mendenhall Trustee 2 0 X 0 0 0 Mary Ann Merryman Trustee 1 0 X 0 0 0 Rick Mishler Trustee 1 0 X 0 0 0 Richard Robins Trustee 1 0 X 0 0 0 Deborah Romary Trustee 2 0 X 0 0 0 Eugene Roop Trustee 1 0 X 0 0 0 Lawrence Rowland Secretary 2 0 X X 0 0 0 Mark Sherman Trustee 1 0 X 0 0 0 Matthew Sprunger Trustee 1 0 X 0 0 0 Jo Young Switzer President 70 0 X X 283400 0 196915 Richard Teets Trustee 1 0 X 0 0 0 Charles Winger Trustee 2 0 X 0 0 0 John Zeglis Trustee 2 0 X 0 0 0 Kent Zimmerman Trustee 1 0 X 0 0 0 Elvin Zook Trustee 1 0 X 0 0 0 Michael Eastman VP for University Advancement 50 0 X 96245 0 11059 Jack Gochenaur VP Financial Affairs/CBO 50 0 X 140642 0 21189 Timothy McElwee VP for University Advancement 57 0 X 19589 0 526 David McFadden Executive VP/Dean of the College of Pharmacy 60 0 X 236266 0 26715 Scott Ochander VP for Enrollment & Marketing 70 0 X 96172 0 14459 Raylene Rospond Vice President and Dean of the College of Pharmacy 0 0 X 0 0 0 Glenn Sharfman VP and Dean for Academic Affairs 55 0 X 121265 0 22388 Beth Switzer-Reily VP for Student Development 55 0 X 103244 0 17942 Joseph Bonnarens Associate Dean Student Affairs 40 0 X 142297 0 10141 Whitney Caudill Associate Dean Administration & Finance 40 0 X 154906 0 15198 Michael DeBisschop Associate Dean Academic Affairs 40 0 X 140339 0 21478 Fred Farris Professor Pharmaceutical Sciences 40 0 X 165163 0 26432 Sid Ray Professor Pharmaceutical Sciences 40 0 X 141248 0 17503 1840776 0 401945 18 0 1 0 Compass Group USA Inc Total 91337 Collections Dr PO Box 91337 Chicago IL 606931337 Student dining services 2226560 Key Government Finance Inc Total PO Box 74238 Cleveland OH 44194 Equipment leases 675735 Michael Kinder & Sons Inc Total 5206 Decatur Rd PO Box 10572 Fort Wayne IN 468530572 Design/Build Contractor 566826 Group Administrators LTD 915 National Pkwy Ste F Shaumburg IL 60173 Health plan administrator 435997 University Lease 18201 Von Karman Ave Ste 420 Irbine CA 92612 Equipment leases 329988 11 0 0 46661 0 4342461 14332848 18721970 Tuition and fees 611310 36002269 36002269 0 0 Room and Board 611310 7707056 7707056 0 0 Technology fees 611310 903506 903506 0 0 Enrollment and application fees 611310 139725 139725 0 0 Student services/extracurricular 611310 21119 21119 0 0 69617 69617 0 0 44843292 1888787 1888787 0 0 362 362 0 0 0 0 0 0 47339 0 12997 0 34342 0 34342 34342 0 0 4268420 0 2270402 0 1998018 0 1998018 1998018 0 0 10940 46661 4756 6184 0 6184 513564 426530 87034 0 4560 82474 Auxiliary Services 721000 310413 0 131670 178743 105605 105605 0 0 416018 67996007 48870406 136230 267401 10000 10000 22229313 22229313 779696 779696 0 0 1554220 731863 471083 351274 0 0 0 0 15072044 11697693 2638901 735450 958704 744068 167855 46781 3221625 2500363 564061 157201 1144943 859935 212358 72650 0 0 0 0 21514 21504 10 64800 0 64800 0 0 0 0 0 61150 61150 325386 0 325386 0 681696 322640 344925 14131 160343 106526 48669 5148 1102114 693330 338192 70592 847988 636900 157280 53808 0 0 0 0 1608305 1023200 585105 795301 695561 27788 71952 0 0 0 0 17534 17534 336539 336539 0 0 0 0 0 0 3491271 3491271 141554 141554 Equipment and maintenance 780934 714655 65285 994 Curriculum development 1657345 1189988 331267 136090 Library resources 206997 206997 0 0 Room and board 1886265 1886265 0 0 243252 243252 0 0 59400833 51241609 6381993 1777231 57219 72234 1714621 903417 2966011 6180188 588409 600465 0 0 0 1363713 1279616 303944 359266 232317 258661 112691245 45002731 68481252 67688514 58790569 68373648 29178 23127 0 0 0 0 623340 589286 135150573 146328422 2185721 2430732 0 0 486055 387902 9000000 8758398 1790746 1920847 0 0 0 0 0 0 5800449 4456649 19262971 17954528 X 62493019 63242771 18551521 29436705 34843062 35694418 115887602 128373894 135150573 146328422 X 8595174 3956460 0 0 0 -65342 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 0 1 X 47293977 1842863 7014235 919106 805936 0 54426033 42936451 1381342 4545014 785530 783300 0 47293977 42883559 979390 528166 862483 592181 0 42936451 35747303 1003594 6808994 270198 406134 0 42883559 30998205 589586 4308000 26752 121736 0 35747303 0.07 0.66 0.27 1 0 0 2490977 2490977 223790 90891150 30579685 60535255 0 0 0 0 0 16768974 13120517 3648457 0 2316354 1302529 1013825 67688514 0 Obligations Under Capital Leases 2019942 U.S. Government Loan Funds 1578736 Asset Retirement Obligations 421964 Split Interest Trusts 237652 Custodial Funds 198355 4456649 X 48997013 3956460 0 0 378941 4335401 44661612 325386 23009009 23334395 67996007 36510721 0 0 0 444283 444283 36066438 325386 23009009 23334395 59400833 Schedule D, Part III, Line 1 The University follows a policy not to record or capitalize its collections of works of art, historical treasures and similar assets. These collections are held for public exhibition, education and research in furtherance of the University's educational and public service mission. The collections are appropriately cared for and preserved and subject to a university policy that requires the proceeds from sales, if any, of collection items to be used to acquire other items for the collection. The policy also requires disclosure in the audited financial statements of any items acquired, sold, destroyed or otherwise disposed of during the year just completed. At June 30, 2014 and 2013, there were no reportable activities in collections. Schedule D, Part III, Line 4 The university is home to more than 90 original works of art created in various media by former students and well-known artists. The art decorates buildings across campus, with the majority of work housed in Funderburg Library. The collection adds to the educational purposes of the university by providing a more esthetically pleasing environment in which students can study and learn. A small number of pieces, particularly portraits, can be used as tools for students to examine techniques. Schedule D, Part IV, Line 2b Manchester University has a number of charitable gift annuities. Schedule D, Part V, Line 4 Manchester University's endowment funds are used to support scholarships, academic programs, and faculty development according to donor restrictions. Board designated endowment funds are used for special projects. Schedule D, Part X, Line 2 The Internal Revenue Service has determined that the University is a tax exempt, not-for-profit organization as defined in Section 501(c)(3) of the Internal Revenue Code ("IRC"). As such, the University is generally not subject to federal or state income taxes except for certain income derived from unrelated business activities as defined by the IRC. Any such taxes resulting from unrelated business activities are insignificant to the operations of the University. 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, 2014 and 2013. The University is no longer subject to examination by U.S. federal taxing authorities for years before 2009 and for all state income taxes through 2009. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of June 30, 2014 and 2013. Schedule D, Part XI, Line 2d Cost of goods sold $426,530, rental expenses $12,997, fundraising expenses $4,756, and change in value of charitable gift annuities and unitrusts ($65,342) Schedule D, Part XI, Line 4b Tuition discounts Schedule D, Part XII, Line 2d Cost of goods sold $426,530, rental expenses $12,997, and fundraising expenses $4,756 Schedule D, Part XII, Line 4b Tuition discounts 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Manchester University publishes its nondiscriminatory policy in the University catalogs and throughout the University website. Schedule E, Part I, Line 6 The University 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 University also receives financial aid from the Indiana Commission for Education - Student Financial Aid in grants such as Frank O'Bannon, 21st Century, etc. 1 East Asia and the Pacific 0 0 Grantmaking Student financial aid 94158 Europe (including Iceland and Greenland) 0 0 Grantmaking Student financial aid 371518 Middle East and North Africa 0 0 Grantmaking Student financial aid 41350 South America 0 0 Grantmaking Student financial aid 85520 Sub-Saharan Africa 0 0 Grantmaking Student financial aid 186150 Central America and the Caribbean 0 0 Grantmaking Student financial aid 1000 Europe (including Iceland and Greenland) 0 0 Program Services Student study abroad 161227 Central America and the Caribbean 0 0 Program Services Student study abroad 140535 East Asia and the Pacific 0 0 Program Services Faculty study and research 1500 Europe (including Iceland and Greenland) 0 0 Program Services Faculty study and research 43423 Central America and the Caribbean 0 0 Program Services Faculty study and research 2342 Middle East and North Africa 0 0 Program Services Recruiting 11273 Sub-Saharan Africa 0 0 Program Services Recruiting 9394 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences Speaking at seminars or conferences 988 Central America and the Caribbean 0 0 Speaking at Seminars or Conferences Speaking at seminars or conferences 753 Russia and the newly independent States 0 0 Speaking at Seminars or Conferences Speaking at seminars or conferences 762 0 0 1151893 Student financial aid East Asia and the Pacific 5 94158 Student financial aid Actual amount awarded Student financial aid Europe (including Iceland and Greenland) 17 371518 Student financial aid Actual amount awarded Student financial aid Middle East and North Africa 2 41350 Student financial aid Actual amount awarded Student financial aid South America 3 85520 Student financial aid Actual amount awarded Student financial aid Sub-Saharan Africa 9 186150 Student financial aid Actual amount awarded Student financial aid Central America and the Caribbean 1 1000 Student financial aid Actual amount awarded 0 0 0 0 0 0 Schedule F, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree are eligible for loans only. X X X X X X X 1 Bentz Whaley Flessner 7251 Ohms Ln Minneapolis MN 55439 Consulting for major gift fundraising 0 0 61150 -61150 0 61150 -61150 IN Auburn Golf 57601 46661 10940 0 4150 0 0 0 607 0 0 57601 46661 10940 0 4150 0 0 0 607 4757 6183 1 Community Foundation of Wabash County 218 E Main St North Manchester IN 46962 356019016 10000 Aquatic Center contribution 1 0 Student financial aid 1174 0 22229313 Actual amounts awarded Student financial aid is applied directly to student accounts. Schedule I, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the estimated family contribution (EFC) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Jan.1 and March 10 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for institutional funds and loans. Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree are eligible for loans only. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Jo Young Switzer President 280103 0 0 0 3297 0 171700 0 25215 0 480315 0 0 0 David McFadden Executive VP/Dean of the College of Pharmacy 234978 0 0 0 1288 0 21520 0 5195 0 262981 0 0 0 Jack Gochenaur VP Financial Affairs/CBO 139410 0 0 0 1232 0 13222 0 7967 0 161831 0 0 0 Fred Farris Professor Pharmaceutical Sciences 163898 0 0 0 1265 0 11917 0 14515 0 191595 0 0 0 Whitney Caudill Associate Dean Administration & Finance 154488 0 0 0 418 0 11106 0 3808 0 169820 0 0 0 Sid Ray Professor Pharmaceutical Sciences 140479 0 0 0 770 0 10069 0 7434 0 158752 0 0 0 Joseph Bonnarens Associate Dean Student Affairs 141831 0 0 0 466 0 9949 0 0 0 152246 0 0 0 Michael DeBisschop Associate Dean Academic Affairs 139927 0 0 0 413 0 10505 0 10723 0 161568 0 0 0 Schedule J, Part I, Line 1a The President's compensation agreement provides for reimbursement of income tax return preparation and financial planning fees. The Chair of the Board of Trustees authorized the tax gross-up. For the convenience of the university, and as a condition of employment, the President is provided with housing on the university campus. A Wabash County Indiana 356000208 2013-03-22 9000000 Refunding (Series 2002) REFD (Series 1995) Bond 0 0 0 A 8198411 0 9000000 706581 0 0 95000 0 0 2028 0 1 0 1 A 0 0 0 0 0.01 0 0.01 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 Merit based scholarship Fam memb of trustee 8250 Merit based scholarship Scholarship Merit based scholarship Fam memb of substantial donor 17284 Merit based scholarhip Scholarship Discounted tuition Fam memb of substantial donor 11156 Discounted tuition Scholarship Victoria Eastman Fam memb of Officer 49891 Employee wages 0 Heather Gochenaur Fam memb of Officer 38812 Employee wages 0 Lila Hammer Fam memb of Trustee 57214 Employee wages 0 Susan Sharfman Fam memb of Officer 32118 Employee wages 0 David Switzer Fam memb of Officer 70314 Employee wages 0 X 37 5645950 market quotes X Equipment 2 3200 Fair Market Value 0 0 1 0 Form 990, Part VI, Section B, Line 11b The Board of Trustees has assigned the responsibility of annually reviewing the university's Form 990 to the Audit Committee. The Board of Trustees was provided with access to an electronic copy of the Form 990 prior to filing. Form 990, Part VI, Section B, Line 12c Each board member is required to complete a Conflict of Interest statement annually. The statements are reviewed by both the Chair of the Board and the President. Both make assessments of the comments and discuss the results of their review together. If questions arise as a result of the review they are asked and responded to. Annually the Audit Committee will inquire of the Chair of the Board as to confirmation that all Conflict of Interest statements were turned in, appropriately completed and reviewed, and will report this to the full board. The Chair of the Audit Committee reviews the Conflict of Interest statements of the President and the Chair of the Board. It is the responsibility of the Chair of the Board, the President, and Board members to disclose any conflict of interest in any Board item being considered for action by the Board. Form 990, Part VI, Section B, Line 15 The President's compensation package is reviewed annually by a Personnel Committee of Executive Committee members appointed by the Chair of the Board. Data is collected by the Director of Human Resources as requested by the Personnel Committee. Compensation is reviewed and compared to CUPA data. The Personnel Committee reports their recommendation at an executive session of the Executive Committee. Confidential minutes are taken of these discussions and kept for documentation. The Executive Committee reports their work and findings to the Board, also in executive session. The Audit Committee verifies with the Chair that this process has been appropriately completed annually. Form 990, Part VI, Section C, Line 19 Manchester University's Form 990 is accessible on the GuideStar website. Form 990, Form 990-T, and audited financial statements are available upon request. Conflict of interest statements and other governing documents of the university are considered confidential and are not made available to the public. Form 990, Part XI, Line 9 Change in value of charitable gift annuities and unitrusts