2015-04-13T20:19:39-05:00 2014-05-31 310905417 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2013-06-01 610448560 THOMAS MORE COLLEGE THOM 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 DAVID ARMSTRONG PRESIDENT 8593443513 2015-04-10 1 THEODORE J FUNK P00002545 8593313300 2015-03-31 2013 2016-02-25 16:41:14Z DAVID ARMSTRONG 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 55999984 1 1 0928 X WWW.THOMASMORE.EDU X 1921 KY TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 29 25 720 130 0 0 1508028 1304380 32750303 31793751 846228 1017606 272464 291161 35377023 34406898 11339291 11601687 0 0 13047532 12431518 0 0 476124 11152252 12233233 35539075 36266438 -162052 -1859540 39991598 40606936 13708462 15210350 26283136 25396586 TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 0 0 27889097 11601687 31793751 PROGRAM SERVICE DISBURSEMENTS ARE APPLIED TO THE FURTHERANCE OF THE COLLEGE'S EXEMPT PROGRAMS OF HIGHER EDUCATION 27889097 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 98 0 720 1 0 0 0 0 0 1 1 0 0 0 0 X 29 25 1 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X BETH MALEY 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 KRISTIN LEHMER EXEC DIRECTOR ENROLLMENT MGMT 37.50 X 23965 0 0 DALE HENSON TRUSTEE 0.00 X 0 0 0 MOST REV ROGER J FOYS CHANCELLOR 0.00 X X 0 0 0 MARY BROWN TRUSTEE 0.00 X 0 0 0 DANIEL HILTZ TRUSTEE 0.00 X 0 0 0 MARIA GARRIGA TRUSTEE 40.00 X 61624 0 0 SR MARY ETHEL PARROTT SND TRUSTEE 0.00 X 0 0 0 JOSEPH CARUSO TRUSTEE 0.00 X 0 0 0 BRENT MESSMER TRUSTEE 0.00 X 0 0 0 GARREN COLVIN TRUSTEE 0.00 X 0 0 0 JOHN HODGE III CHAIRMAN 0.00 X X 0 0 0 MELISSA LUEKE TRUSTEE 0.00 X 0 0 0 SKEETER OLOO STUDENT REP 0.00 X 0 0 0 THOMAS STIENS TRUSTEE 0.00 X 0 0 0 THOMAS HOFFMAN TRUSTEE 0.00 X 0 0 0 MARC NELTNER TRUSTEE 0.00 X 0 0 0 LYNN MEYERS TRUSTEE 0.00 X 0 0 0 SARAH GIOLANDO TRUSTEE 0.00 X 0 0 0 MANISH SHARMA TRUSTEE 40.00 X 73094 0 0 KENNEY SHIELDS TRUSTEE 0.00 X 0 0 0 CHRISTOPHER WILSON TRUSTEE 0.00 X 0 0 0 FRANKLIN KLING JR TRUSTEE 0.00 X 0 0 0 JEANNE-MARIE TAPKE TRUSTEE 0.00 X 0 0 0 GREGORY STOFKO TRUSTEE 0.00 X 0 0 0 SHARON ELLISTON TRUSTEE 0.00 X 0 0 0 MARNA ZALLA TRUSTEE 0.00 X 0 0 0 GEORGE THELEN TRUSTEE 0.00 X 0 0 0 DAVID ARMSTRONG PRESIDENT 37.50 X X 101809 0 0 TOM PRICE CFO 37.50 X X 3833 0 0 MATTHEW WEBSTER VP OPERATIONS 37.50 X X 90271 0 0 TERRY CONNOR ATHLETIC DIRECTOR 37.50 X 53657 0 0 DR ANTHONY ZEMBRODT TRUSTEE 0.00 X 0 0 0 CATHY SILVERS VP INSTITUTIONAL ADVANCEMENT 37.50 X 105143 0 0 MARGARET STALLMEYER PAST PRESIDENT 0.00 X 12200 0 0 PETER AAMODT PAST CFO 37.50 X 98513 0 0 BRADLEY A BIELSKI PAST VPAA 37.50 X 110016 0 0 734125 0 0 3 1 0 0 ARAMARK SERVICES 333 THOMAS MORE PKWY CRESTVIEW HILLS KY 41017 FOOD & MAINTENANCE SERVICES 2476155 JENZABAR PO BOS 55018 BOSTON MA 02205 IT SERVICE/SOFTWARE 982576 BLUE ASH II LLC 425 WALNUT STREET SUITE 1200 CINCINNATI OH 45202 RENT & MAINTENANCE 148200 CENTURY CONSTRUCTION PO BOX 18670 ERLANGER KY 41018 CONSTRUCTION 113958 4 33375 1271005 303983 1304380 STUDENT TUITION 611710 28598820 28598820 AUXILIARY 611710 2613963 2613963 OTHER 611710 580968 580968 31793751 313776 313776 319293 0 319293 319293 319293 22254984 13800 21560805 4149 694179 9651 703830 703830 0 33375 28132 -28132 -28132 34406898 31793751 0 1308767 X 11601687 11601687 12431518 9507982 2591261 332275 5983307 2425816 3549761 7730 196464 41906 154558 218516 152612 64106 1798 658746 472037 142178 44531 479242 383873 94509 860 1410510 1206127 197005 7378 313389 156181 152689 4519 UTILITIES 683000 455563 227437 BOOKS AND PERIODICALS 556748 468533 88150 65 MISCELLANEOUS 538584 232434 257922 48228 SUPPLIES 483359 364425 113722 5212 711368 419921 267919 23528 36266438 27889097 7901217 476124 467253 148631 1381838 934721 807641 806576 1204894 2300915 480754 413111 48821838 27851611 21495622 20970227 14153596 15032755 39991598 40606936 3177090 1894151 0 886005 5580000 5215000 4696157 5878759 255215 1336435 13708462 15210350 X 10771379 9147267 2949178 3614177 12562579 12635142 26283136 25396586 39991598 40606936 X -1859540 934799 38191 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148415 0 14448108 72563 1878827 762788 15636710 12506723 392238 2270417 721270 14448108 13888870 134493 -660534 693932 12668897 12083077 139816 2377479 711502 13888870 11687910 208123 928650 741606 12083077 0.19200 0.80800 0 0 4063607 4063607 35266611 19451073 15815538 6136408 5418381 718027 3355212 2982157 373055 20970227 SECURITIES AND OTHER INVESTMENTS 15032755 F 15032755 OTHER LIABILITIES 1336435 1336435 X 23922381 934799 116048 66323 1117170 22805211 11601687 11601687 34406898 24808931 116048 28132 144180 24664751 11601687 11601687 36266438 PART X, LINE 2: THE COLLEGE HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE COLLEGE RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR BOTH THE YEARS ENDED MAY 31, 2014 AND 2013. IF THE SITUATION AROSE IN WHICH THE COLLEGE WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE COLLEGE IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 28,132. CHANGE IN VALUE OF INTEREST RATE SWAP 38,188. ROUNDING 3. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 11,601,687. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 28,132. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 11,601,687. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS SCHEDULE E, PART I, LINE 6 THE AID IN SUPPORT OF THE BACCALAUREATE NURSING PROGRAM WAS SUSPENDED FOR ONE YEAR ON JULY 1, 1998 AND REINSTATED ON JUNE 30, 1999 BY THE DEPARTMENT OF HUMAN HEALTH AND SERVICES GOLF OUTING 33375 33375 6138 11991 10003 33375 33375 6138 11991 10003 28132 -28132 KY 1 0 1 0 1.00000 BETH MALEY 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 0 0 1 STUDENT AID AND SCHOLARSHIPS 959 11601687 PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE COLLEGE. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 MARGARET STALLMEYER PAST PRESIDENT 0 0 5000 0 7200 0 0 0 0 0 12200 0 0 0 PETER AAMODT PAST CFO 98513 0 0 0 0 0 0 0 0 0 98513 0 0 0 BRADLEY A BIELSKI PAST VPAA 110016 0 0 0 0 0 0 0 0 0 110016 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A BONUS TO ONE KEY EMPLOYEE. A CITY OF CRESTVIEW HILLS KY 611018215 2008-12-17 7180000 CURRENT REFUNDING OF SERIES 1998 AND SERIES 2001 BONDS 0 0 0 A 1 0 1 1 A 0 0 0 0 0 0 0 A 1 1 0 0 0 1 A 1 CENTURY CONSTRUCTION JOHN HODGE, BOARD MEMBER, IS A SHAREHOLDER OF CENTURY CONSTRUCTION. 113958 CONSTRUCTION WORK 0 X 13 118518 FAIR MARKET VALUE X 1 51365 FAIR MARKET VALUE X KITCHEN EQUIP 1 124389 FAIR MARKET VALUE X MISCELLANEOUS 14 9711 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: ALL DONATED SECURITIES ARE TRANSFERRED DIRECTLY TO THE BANK, WHO THEN SELLS THE SECURITIES FOR THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MARC NELTNER AND MARNA ZALLA ARE FAMILY MEMBERS. BOARD MEMBER GARREN COLVIN IS THE VP & COO OF ST. ELIZABETH'S HOSPITAL WHICH PROVIDES SERVICES TO THE TMC NURSING SCHOOL. BOARD MEMBER SARAH GIOLANDO IS A COLLEAGUE OF GARREN COLVIN'S AT ST. ELIZABETH HOSPITAL. THE HUSBAND OF BOARD MEMBER JEANNE-MARIE TAPKE IS AN OFFICER AT THE BANK OF KENTUCKY WHICH DOES BUSINESS WITH TMC. BOARD MEMBER JOHN HODGE IS MAJORITY OWNER OF CENTURY CONSTRUCTION WHO PERFORMS WORK FOR TMC. FORM 990, PART VI, SECTION A, LINE 3 4TH STREET SERVES AS THE INVESTMENT ADVISOR FOR THOMAS MORE FOR THEIR ENDOWMENT. FORM 990, PART VI, SECTION A, LINE 7A NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION A, LINE 7B NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL, AND ONCE APPROVED, IT IS FORWARDED TO THE BOARD FOR THEM TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THOMAS MORE COLLEGE RECEIVES AN UPDATED CONFLICT OF INTEREST FORM FROM THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENTS EACH PREPARE AN ASSESSMENT OF THEIR PERFORMANCE BASED ON GOALS SET THE PRIOR YEAR. THIS ASSESSMENT IS PROVIDED TO THE PRESIDENT. THE PRESIDENT PREPARES HIS ASSESSMENT. THESE ASSESSMENTS ARE DISCUSSED WITH THE BOARD COMMITTEE CHAIRS WITH WHOM EACH VICE PRESIDENT INTERACTS AS WELL AS THE BOARD CHAIR. COMPENSATION IS THEN DETERMINED. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD AFTER A SIMILAR PROCESS. THE COLLEGE ROUTINELY MONITORS HOW THOMAS MORE COLLEGE SALARIES COMPARE TO PEER INSTITUTIONS. THIS INFORMATION IS KEPT AS A TARGET TO INSURE THAT TMC SALARIES REMAIN COMPETITIVE WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G IPD SERVICE FEE: PROGRAM SERVICE EXPENSES 1,224,300. MANAGEMENT AND GENERAL EXPENSES 875,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,100,000. SERVICES: PROGRAM SERVICE EXPENSES 1,201,516. MANAGEMENT AND GENERAL EXPENSES 2,674,061. FUNDRAISING EXPENSES 7,730. TOTAL EXPENSES 3,883,307. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP 38,188. ROUNDING 3. FORM 990, PART XII, LINE 2C: THE COLLEGE'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.