2015-02-16T14:52:36-06:00 2014-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2013-07-01 240795406 MISERICORDIA UNIVERSITY MISE 5706746400 301 LAKE STREET DALLAS PA 186121090 ERIC NELSON VP, FINANCE AND ADMIN/TREAS 5706746400 2015-02-17 1 JULIUS GREEN CPA JD P00350393 5708200100 2013 2016-02-25 16:41:14Z THOMAS J BOTZMAN PHD 301 LAKE STREET DALLAS PA 186121090 85145066 0 0928 X WWW.MISERICORDIA.EDU X 1924 PA TO PROVIDE HIGHER EDUCATION SERVICES. 32 28 1459 32 207177 -4990 7160206 3668981 74631565 79263068 324543 563914 613418 497648 82729732 83993611 20207709 21368961 0 0 30733035 32534688 0 0 1348518 19769359 19974976 70710103 73878625 12019629 10114986 134644771 146602684 42734360 41392884 91910411 105209800 X MISERICORDIA UNIVERSITY, A CO-EDUCATIONAL CATHOLIC UNIVERSITY SPONSORED BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS, IS COMMITTED TO PROVIDING QUALITY EDUCATION TO ITS STUDENTS AND TO SHAPING ITS EDUCATIONAL PROGRAMS AND POLICIES TO EXPRESS THE FOUNDING SISTERS' VALUES AND ATTITUDES OF MERCY, SERVICE, JUSTICE, AND HOSPITALITY. THE UNIVERSITY WELCOMES INDIVIDUALS OF ALL FAITHS. 0 0 64172292 21368961 78782873 MISERICORDIA UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED, CO-EDUCATIONAL UNIVERSITY FOUNDED IN 1924 AND IT IS SPONSORED BY THE RELIGIOUS SISTERS OF MERCY. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS TO RESIDENT AND COMMUTER STUDENTS WHO CAN CHOOSE FROM MAJORS IN THREE DISTINCT ACADEMIC COLLEGES. THE COLLEGE OF ARTS AND SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CLINICAL LABORATORY SCIENCE, COMMUNICATIONS, ENGLISH, HISTORY, MATHEMATICS, MEDICAL SCIENCE, PHILOSOPHY, PHYSICIAN ASSISTANT STUDIES, AND GOVERNMENT, LAW, AND NATIONAL SECURITY AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. SPECIALIZATIONS INCLUDE PRE-LAW (ENGLISH, HISTORY, PHILOSOPHY), PRE-PROFESSIONAL (BIOCHEMISTRY, CHEMISTRY), AND PRE-DPT (BIOCHEMISTRY).THE COLLEGE OF HEALTH SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN HEALTH SCIENCE, NURSING, MEDICAL IMAGING, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, DIAGNOSTIC MEDICAL SONOGRAPHY, MSN, RN-BSN, AND SPEECH-LANGUAGE PATHOLOGY AS WELL AS A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS ARE AVAILABLE IN DIAGNOSTIC MEDICAL SONOGRAPHY, POST MASTERS FAMILY NURSE PRACTITIONER, AND POST PROFESSIONAL PEDIATRICS.SPECIALIZATIONS INCLUDE MANAGEMENT, NURSING LEADERSHIP, NURSING SUB-SPECIALIZATION-FAMILY NURSE PRACTITIONER AND PEDIATRICS.THE COLLEGE OF HEALTH SCIENCES OFFERS ENTRY LEVEL PROFESSIONAL MASTER OF SCIENCE DEGREES IN OCCUPATIONAL THERAPY, PHYSICAL THERAPY AND SPEECH-LANGUAGE PATHOLOGY; A POST-PROFESSIONAL MASTER OF SCIENCE DEGREE IN OCCUPATIONAL THERAPY; AND POST PROFESSIONAL DOCTORIAL DEGREES IN PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND NURSING PRACTICE. THE COLLEGE OF PROFESSIONAL STUDIES AND SOCIAL SCIENCES OFFERS MAJOR DEGREE PROGRAMS IN ACCOUNTING, APPLIED BEHAVIORAL SCIENCE, BUSINESS ADMINISTRATION, COMPUTER SCIENCE, EARLY CHILDHOOD AND SPECIAL EDUCATION, MIDLEVEL (GRADE 4-8) EDUCATION, HEALTH CARE MANAGEMENT, INFORMATION TECHNOLOGY, PROFESSIONAL STUDIES, PSYCHOLOGY, SOCIAL WORK, AND SPORTS MANAGEMENT, ALONG WITH A NUMBER OF MINOR DEGREE PROGRAMS. CERTIFICATION PROGRAMS INCLUDE ADDICTIONS COUNSELING, EDUCATION (GRADES PRE-K-4), EDUCATION (GRADES 4-8), GERIATRIC CARE MANAGER, HEALTH CARE INFORMATICS, SECONDARY EDUCATION (BIOLOGY, CHEMISTRY, ENGLISH, HISTORY, MATHEMATICS), PACS ADMINISTRATOR, READING SPECIALIST, SPECIAL EDUCATION (GRADES PRE-K-8), AND SPECIAL EDUCATION (SPEECH-IMPAIRED). GRADUATE PROGRAMS INCLUDE EDUCATION, HEALTH INFORMATICS, BUSINESS ADMINISTRATION, AND ORGANIZATIONAL MANAGEMENT.SPECIALIZATIONS INCLUDE ACCOUNTING, ADDICTIONS COUNSELING, CHILD WELFARE SERVICES, FORENSIC ACCOUNTING, GENERAL BUSINESS, GERONTOLOGY, HEALTH CARE MANAGEMENT, HEALTH CARE MARKETING, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY MANAGEMENT, IT SECURITY, INSTRUCTIONAL TECHNOLOGY, MANAGEMENT, MANAGEMENT INFORMATION SYSTEMS, MARKETING, MENTAL HEALTH INTERVENTION, PRE-DPT, READING, SPECIAL EDUCATION, SPORTS MANAGEMENT AND SELECTED SEQUENCE.THE UNIVERSITY IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. OTHER ACCREDITING AGENCIES RECOGNIZING THE UNIVERSITY INCLUDE THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION, COMMISSION ON ACCREDITATION OF ALLIED HEALTH EDUCATION PROGRAMS (CAAHEP), COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA), COUNCIL ON SOCIAL WORK EDUCATION, INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION (IACBE), PENNSYLVANIA DEPARTMENT OF EDUCATION, THE JOINT REVIEW COMMITTEE ON EDUCATIONAL PROGRAMS IN NUCLEAR MEDICINE TECHNOLOGY, AND THE JOINT REVIEW COMMITTEE ON EDUCATION IN RADIOLOGIC TECHNOLOGY. ALSO, MISERICORDIA UNIVERSITY HAS LEGAL PERMISSION FROM THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS TO OPERATE A SCHOOL OF NURSING IN THE COMMONWEALTH OF PENNSYLVANIA. THE MASTER'S DEGREE IN EDUCATION OFFERED BY MISERICORDIA UNIVERSITY IS FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN NURSING IS FULLY ACCREDITED BY THE COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE) OF THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING (AACN). THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN OCCUPATIONAL THERAPY IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION. THE ENTRY LEVEL PROGRAM IN PHYSICAL THERAPY IS FULLY ACCREDITED BY THE COMMISSION ON ACCREDITATION OF PHYSICAL THERAPY EDUCATION. THE TRANSITION DOCTOR OF PHYSICAL THERAPY PROGRAM (TDPT) AND THE OCCUPATIONAL THERAPY DOCTORAL PROGRAM (OTD) ARE FULLY APPROVED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE MASTER'S DEGREE IN BUSINESS ADMINISTRATION AND THE MASTER'S DEGREE IN ORGANIZATIONAL MANAGEMENT HAVE ACCREDITATION BY THE INTERNATIONAL ASSEMBLY FOR COLLEGIATE BUSINESS EDUCATION. THE PROFESSIONAL MASTER'S DEGREE PROGRAM IN SPEECH-LANGUAGE PATHOLOGY AT MISERICORDIA UNIVERSITY IS ACCREDITED BY THE COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA).IN ADDITION, THE ARC-PA (THE ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT) HAS GRANTED ACCREDITATION - PROVISIONAL TO THE MISERICORDIA UNIVERSITY MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES, SPONSORED BY MISERICORDIA UNIVERSITY.THE TOTAL HEADCOUNT FOR FALL 2013 INCLUDED 3,111 STUDENTS. 64172292 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 100 0 1 1459 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 28 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X RONALD S HROMISIN CONTROLLER 5706746312 301 LAKE STREET DALLAS PA 18612 X MICHAEL AMORY TRUSTEE 0.20 X 0 0 0 STUART M BELL TRUSTEE 0.20 X 0 0 0 MSGR JOHN J BENDIK TRUSTEE 0.20 X 0 0 0 CHRISTOPHER L BORTON VICE CHAIRMAN 0.20 X X 0 0 0 JONATHAN BRASSINGTON TRUSTEE 0.20 X 0 0 0 R GREGORY COLLINS TRUSTEE 0.20 X 0 0 0 DR RUTH A CONNOLLY TRUSTEE 0.20 X 0 0 0 SCOTT DAGENAIS TRUSTEE 0.20 X 0 0 0 DR MARY ANN DILLON RSM TRUSTEE 0.20 X 0 0 0 MARY ERWINE TRUSTEE 0.20 X 0 0 0 PATRICIA FINAN-CASTELLANO TRUSTEE 0.20 X 0 0 0 HAROLD E FLACK II TRUSTEE 0.20 X 0 0 0 ROBERT FRIEDMAN TRUSTEE (RESIGNED 6-14) 0.20 X 0 0 0 DR MARTHA HANLON RSM TRUSTEE 0.20 X 0 0 0 ROGER HOWELL TRUSTEE 0.20 X 0 0 0 SANDY INSALACO SR TRUSTEE (RETIRED 6-14) 0.20 X 0 0 0 KRISTOPHER JONES TRUSTEE 0.20 X 0 0 0 SCOTT LYNETT TRUSTEE 0.20 X 0 0 0 SHERRY A MANETTA TRUSTEE 0.20 X 0 0 0 MARJORIE MARQUART TRUSTEE 0.20 X 0 0 0 SR CATHERINE MCGROARTY RSM TRUSTEE 0.20 X 0 0 0 JOHN C METZ CHAIRMAN 0.20 X X 0 0 0 DANIEL MEUSER TRUSTEE 0.20 X 0 0 0 DR MARY HELEN NUGENT RSM TRUSTEE 0.20 X 0 0 0 DR CAROL RITTNER RSM TRUSTEE 0.20 X 0 0 0 PAUL SIEGEL TRUSTEE 0.20 X 0 0 0 ROSEMARY SIGMOND TRUSTEE 0.20 X 0 0 0 DR DEBORAH SMITH-MILESKI TRUSTEE 0.20 X 0 0 0 ROBERT J SOPER TRUSTEE 0.20 X 0 0 0 MARY BETH SULLIVAN TRUSTEE 0.20 X 0 0 0 DR MAYON SYLVAIN RSM TRUSTEE 0.20 X 0 0 0 MURRAY UFBERG ESQ TRUSTEE 0.20 X 0 0 0 WILLIAM C WILLIAMS TRUSTEE 0.20 X 0 0 0 PAUL WOELKERS TRUSTEE 0.20 X 0 0 0 DR MICHAEL MACDOWELL PRESIDENT (RET. 6/13) 40.00 X 285255 0 51101 THOMAS J BOZTMAN PHD PRESIDENT (AS OF 7/13) 40.00 X 127679 0 16929 ERIC NELSON VP - FIN AND ADMIN/TREASURER 40.00 X 152317 0 19025 MARI KING LEFT POSITION 614 VP - ACADEMIC AFFAIRS 40.00 X 145429 0 27866 SISTER JEAN MESSAROS VICE PRESIDENT, MISSION INTEGRATION 40.00 X 0 0 15196 CAROL FAHNESTOCK ADMIN. ASST., PRES./ SECRETARY 40.00 X 49726 0 17151 SUSAN HELWIG VP - UNIV ADVANCEMENT 40.00 X 144441 0 23776 BARBARA LOFTUS VP - PLANNING, ASSESSMENT, RESEARCH 40.00 X 129037 0 20797 GLEN TELLIS INTERIM DEAN - COLL. HEALTH 40.00 X 161312 0 15332 SUSAN BARKER PROFESSOR 40.00 X 127243 0 16512 1322439 0 223685 19 0 1 0 METZ & ASSOCIATES LTD 301 LAKE STREET DALLAS PA 18612 FOOD SERVICE 2843727 THE QUANDEL GROUP INC 3003 NORTH FRONT STREET HARRISBURG PA 17110 GENERAL CONSTRUCTION CONTRACTOR 501594 CARROLL CONSTRUCTION CO PO BOX 341 DALLAS PA 18612 GENERAL CONSTRUCTION CONTRACTOR 372332 POWER ENGINEERING CORP PO BOX 766 WILKESBARRE PA 18703 GENERAL CONSTRUCTION CONTRACTOR 354829 JENZABAR PO BOX 55018 BOSTON MA 02205 COMUPTER SOFTWARE 268844 17 8648 831829 2828504 248622 3668981 STUDENT TUITION & FEES 611600 67004660 67004660 ROOM & BOARD 721310 11526567 11526567 BOOKSTORE 451211 666883 666883 STUDENT LOAN INT INC 523000 30405 30405 NON-CREDIT PROGRAMMING 611600 3500 3500 31053 31053 79263068 572865 572865 1124706 1133657 -8951 -8951 -8951 28267 8648 17798 10469 10469 SUMMER CAMPS/CONFERENCES 611710 288557 116356 172201 STUDENT PARKING/FINES 812930 62909 62909 OUTSIDE PRINTING REVENUE 561439 34976 34976 100737 100737 487179 83993611 78782873 207177 1334580 21368961 21368961 1020125 1020125 23853572 21490716 1491759 871097 1650493 1482861 107358 60274 4194754 3664124 377444 153186 1815744 1635883 113553 66308 141865 141865 64200 64200 83201 83201 2321123 1587332 593060 140731 583116 50745 531996 375 1776236 1582312 159096 34828 1020666 339024 681642 2222956 2195618 27233 105 1009681 847649 148481 13551 175250 144268 29678 1304 1057506 1057506 4457433 4297210 160223 308349 308349 BOOKSTORE 426271 426271 MEMBERSHIPS 284857 157777 124695 2385 STUDENT TESTING FEES 137412 137412 FINANCING FEES 132864 132864 3771990 1265410 2502206 4374 73878625 64172292 8357815 1348518 66362 290239 11253404 17807324 3502358 2735435 1196833 1548034 419503 364293 168583 434895 131581129 46766208 85419970 84814921 26916013 32547464 2203717 2234267 3498028 3825812 134644771 146602684 2592985 2514874 2162147 2459846 17070000 16610000 90526 0 16686723 15874142 4131979 3934022 42734360 41392884 X 57406375 67603507 18795726 21111985 15708310 16494308 91910411 105209800 134644771 146602684 X 10114986 3318754 -134351 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47359 1283833 X 0 30695310 5093521 4220136 548136 94274 39366557 25434408 3009325 2738572 410414 76581 30695310 24806649 1295755 -121518 414869 131609 25434408 19689944 1657949 4071030 446449 165824 24806650 16932853 1518310 1690772 308187 143804 19689944 0.47000 0.45000 0.08000 1 0 1078819 1078819 101653326 28724662 72928664 8420661 3808419 4612242 18166756 14233127 3933629 2261567 2261567 84814921 STUDENT DEPOSITS & ADVANCES 348362 ANNUITIES PAYABLE 84187 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1521258 ASSET RETIREMENT OBLIGATIONS 133008 ACCRUED PENSION COST 691107 INTEREST RATE SWAPS 1156100 3934022 X 67272238 3318754 -19974724 -16655970 83928208 83201 -17798 65403 83993611 53972849 687121 687121 53285728 83201 20509696 20592897 73878625 PART III, LINE 4: EXPLANATION: THE UNIVERSITY MAINTAINS A COLLECTION OF PAINTINGS UTILIZED IN THE DECOR OF VARIOUS UNIVERSITY BUILDINGS, INCLUDING ITS ART GALLERY. THE UNIVERSITY'S ART GALLERY AND COLLECTION IS AN INTEGRAL PART OF THE FINE ARTS CURRICULUM. PART V, LINE 4: EXPLANATION: ANNUAL EARNINGS FROM THE UNIVERSITY'S ENDOWMENT ARE USED FOR THE FOLLOWING PURPOSES: 1. PRESERVATION OF THE ENDOWMENT PRINCIPAL TO PROVIDE CONTINUED EARNINGS. 2. USE OF AN ANNUALLY PRE-DETERMINED ENDOWMENT SPENDING RATE TO INCREASE FUNDS AVAILABLE FOR USE IN AWARDING ANNUAL SCHOLARSHIPS. 3. FUNDING OF A SPENDING RESERVE TO BE USED IN YEARS WHEN ANNUAL EARNINGS CANNOT SUPPORT THE PRESERVATION OF ENDOWMENT PRINCIPAL AND THE ENDOWMENT SPENDING RATE. PART X, LINE 2: THE UNIVERSITY IS TAX-EXEMPT AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST ON PENALTIES WAS RECOGNIZED IN 2014 AND 2013. THE UNIVERSITY'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2012, 2011, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENTS 365,579. NET UNREALIZED LOSS ON INTEREST RATE SWAPS -390,640. MINIMUM PENSION LIABILITY ADJUSTMENT 560,033. STUDENT SCHOLARSHIPS -20,509,696. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -17,798. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAPS 669,323. FUNDRAISING EXPENSES 17,798. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 20,509,696. JAMAICA 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 4729 PERU 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 2717 GUYANA 0 0 PROGRAM SERVICES EDUCATIONAL/VOLUNTEERISM ACTIVITIES 6862 0 0 0 0 0 0 14308 0 14308 0 0 0 0 0 0 MU GOLF TOURNAMENT 36915 8648 28267 5152 5200 7446 36915 8648 28267 5152 5200 7446 17798 10469 1 STUDENT ACADEMIC SCHOLARSHIPS 3345 21368961 N/A PART I, LINE 2: THE UNIVERSITY PROVIDES ITS STUDENTS WITH VARIOUS SCHOLARSHIPS THAT ARE AWARDED BASED ON VARIOUS CRITERIA. EACH STUDENT'S ELIGIBILITY IS VERIFIED PRIOR TO AWARDING A SCHOLARSHIP. THE UNIVERSITY POSTS THE GRANT DIRECTLY TO EACH STUDENT'S OUTSTANDING ACCOUNT BALANCE TO ENSURE THE PROPER USE OF AWARDED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DR MICHAEL MACDOWELL PRESIDENT (RET. 6/13) 246740 0 30000 0 8515 0 27500 0 23601 0 336356 0 0 0 ERIC NELSON VP - FIN AND ADMIN/TREASURER 152317 0 0 0 0 0 12230 0 6795 0 171342 0 0 0 MARI KING LEFT POSITION 614 VP - ACADEMIC AFFAIRS 145429 0 0 0 0 0 11971 0 15895 0 173295 0 0 0 SUSAN HELWIG VP - UNIV ADVANCEMENT 144441 0 0 0 0 0 11822 0 11954 0 168217 0 0 0 GLEN TELLIS INTERIM DEAN - COLL. HEALTH 161312 0 0 0 0 0 9338 0 5994 0 176644 0 0 0 PART I, LINE 1A THE UNIVERSITY FURNISHES THE PRESIDENT AND HIS FAMILY WITH HOUSING OWNED BY THE UNIVERSITY, WHICH IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE PRESIDENT AND HIS FAMILY WILL RESIDE IN THE HOME THROUGHOUT HIS TERM. THE HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. THE UNIVERSITY IS RESPONSIBLE FOR PAYING THE COST OF ALL UTILITIES AND REASONABLE EXPENSES, EXCLUDING PERSONAL TELEPHONE CHARGES, INCLUDING MAINTENANCE AND RENOVATIONS TO THE PRESIDENT'S RESIDENCE AND GROUNDS. THE UNIVERSITY PAYS DUES FOR MEMBERSHIPS IN SUCH PROFESSIONAL AND COMMUNITY ASSOCIATIONS AND ORGANIZATIONS, AND FOR ATTENDANCE BY THE PRESIDENT AT CONFERENCES AND MEETINGS, AS DEEMED APPROPRIATE FOR THE PRESIDENT'S IMPLEMENTATION OF THE DUTIES OF HIS OFFICE. THIS INCLUDES MEMBERSHIP FEES TO THE WESTMORELAND CLUB AND HUNTSVILLE GOLF CLUB. THESE BENEFITS ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE COMPENSATION GIVEN THE BUSINESS NATURE SURROUNDING THESE MEMBERSHIPS. PART I, LINE 4B MICHAEL MACDOWELL PARTICIPATES IN A NON-QUALIFIED PLAN IN WHICH CONTRIBUTIONS TO THE PLAN TOTALED $17,500 FOR THE YEAR. PART I, LINE 7 THE PRESIDENT OF THE UNIVERSITY MAY RECEIVE AN INCENTIVE-BASED ANNUAL BONUS AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE DECISION TO AWARD A BONUS IS BASED UPON THE PRESIDENT'S PERFORMANCE DURING THE PREVIOUS YEAR AND MEASURED AGAINST THE GOALS, OBJECTIVES, AND EXPECTATIONS MUTUALLY ESTABLISHED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ANNUALLY. A THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE 231920749 417846AA0 2008-12-18 21360000 PARTIAL REFUNDING OF PRIOR BOND ISSUE, FIN CAPITAL PROJS, PAY ISSUANCE COSTS 0 0 0 A 4750000 21360000 331438 17694527 3334035 2009 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 PNC BANK 22.400000000000 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE GENERAL MUNICIPAL AUTHORITY OF THE BOROUGH OF HARVEYS LAKE DATE THE REBATE COMPUTATION WAS PERFORMED: 02/07/2014 JOHN C METZ BOARD MEMBER 2843727 FOOD SERVICE FOR THE UNIVERSITY IS PROVIDED BY METZ & ASSOCIATES, LTD. JOHN C. METZ IS THE EXECUTIVE CHAIRMAN OF METZ & ASSOCIATES, LTD AND ALSO SERVES AS A BOARD MEMBER FOR THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY AND ALL TRANSACTIONS WITH METZ & ASSOCIATES, LTD ARE CONDUCTED AT ARM'S LENGTH. 0 MURRAY UFBERG ESQ BOARD MEMBER 130498 LEGAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY ROSENN, JENKINS, & GREENWALD, LLP. A PARTNER IN THE FIRM ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH ROSENN, JENKINS, & GREENWALD, LLP ARE CONDUCTED AT ARM'S LENGTH. 0 PAUL SIEGEL BOARD MEMBER 171898 INSURANCE SERVICES ARE PROVIDED TO THE UNIVERSITY BY EASTERN INSURANCE AGENCY. THE PRESIDENT OF THE INSURANCE AGENCY ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH EASTERN INSURANCE AGENCY ARE CONDUCTED AT ARM'S LENGTH. 0 CHRISTOPHER L BORTON BOARD MEMBER 163207 ARCHITECTURAL SERVICES ARE PROVIDED TO THE UNIVERSITY BY BORTON-LAWSON ENGINEERING. THE PRESIDENT OF THE FIRM ALSO SERVES AS A BOARD MEMBER OF THE UNIVERSITY. THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY, AND ALL TRANSACTIONS WITH BORTON-LAWSON ENGINEERING ARE CONDUCTED AT ARM'S LENGTH. 0 X 2 30000 APPRAISAL X 17359 SALE PRICE X 5 58012 NYSE X MEDICAL EQUIP 1 97020 PURCHASE PRICE X MOBILE FOOD T 1 43731 PURCHASE PRICE X UPRIGHT PIANO 1 2500 SALE PRICE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED FOR ALL GIFTS. PART I, LINE 32B: THE ORGANIZATION WORKS WITH SEVERAL BROKERAGE FIRMS. THE ORGANIZATION'S POLICY IS TO LIQUIDATE SECURITIES IMMEDIATELY UPON RECEIPT UNLESS OTHERWISE DIRECTED BY THE DONOR. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF REMOVING OR APPOINTING THE PRESIDENT OF THE UNIVERSITY OR TAKING ANY ACTION WHICH HAS SPECIFICALLY BEEN RESERVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING RELATIONSHIPS WERE DISCLOSED AMONG BOARD MEMBERS: KRISTOPHER JONES AND ROBERT SOPER HAVE A BUSINESS RELATIONSHIP. HAROLD FLACK AND WILLIAM WILLIAMS HAVE A BUSINESS RELATIONSHIP. ROBERT FRIEDMAN AND WILLIAM WILLIAMS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE UNIVERSITY SHALL BE THE CONFERENCE FOR MERCY HIGHER EDUCATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO APPOINT AND REAPPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B POWERS RESERVED FOR THE SOLE MEMBER INCLUDE: 1. CHANGES IN INSTITUTIONAL PURPOSE 2. APPOINTMENT OF A PRESIDENT OF THE UNIVERSITY 3. MERGER OR CONSOLIDATION OF THE INSTITUTION WITH ANOTHER CORPORATION 4. SALE, MORTGAGE, PURCHASE, OR LEASE OF REAL PROPERTY AFFECTING MORE THAN FIVE PERCENT OF CORPORATE ASSETS, LOANS EXCEEDING FIVE PERCENT OF CORPORATE ASSETS, AND DISPOSITION OF CORPORATE ASSETS EXCEEDING ONE PERCENT OF CORPORATE ASSETS. 5. MATTERS REQUIRED BY CANON LAW 6. APPROVAL OF AMENDMENTS TO THE BY-LAWS FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S AUDIT COMMITTEE IS A STANDING COMMITTEE OF THE BOARD OF TRUSTEES. AS OUTLINED IN THE AUDIT COMMITTEE CHARTER, ONE OF THE AUDIT COMMITTEE'S RESPONSIBILITIES IS TO ANNUALLY REVIEW AND APPROVE FEDERAL FORM 990 AND FORM 990-T PRIOR TO FILING. COPIES OF FORMS 990 AND 990-T ARE PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING DUE DATE VIA A WEB-BASED SECURE LINK. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL MEMBERS OF THE BOARD OF TRUSTEES, INSTITUTIONAL OFFICERS, FACULTY AND EMPLOYEES OF THE UNIVERSITY. A DISCLOSURE AND CONFLICT OF INTEREST FORM DETAILS INFORMATION REGARDING SUBSTANTIVE, COMPETING, BUSINESS AND FAMILIAL RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST. ANY SUCH RELATIONSHIPS INCLUDING POSSIBLE SUBSTANTIAL BENEFITS ARE DETAILED ON THE DISCLOSURE AND CONFLICT OF INTEREST FORM. MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO COMPLETE A NEW DISCLOSURE AND CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED BY THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY POTENTIAL CONFLICTS ARE REVIEWED WITH THE PRESIDENT AND THE HUMAN RESOURCES DEPARTMENT AS CONSIDERED NECESSARY. BOARD MEMBERS AND OTHER OFFICERS, WHEN A CONFLICT IS PRESENT, ABSTAIN FROM ANY DECISIONS MADE BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S EXECUTIVE COMMITTEE, WHICH ALSO SERVES AS THE COMPENSATION COMMITTEE, PERIODICALLY ENGAGES AN INDEPENDENT CONSULTING FIRM TO ASSIST IN DETERMINING EXECUTIVE COMPENSATION WITHIN A PRE-DETERMINED COMPENSATION PHILOSOPHY. THE FIRM'S REVIEW IS BASED UPON MARKET EVALUATION OF ITEMS INCLUDING THE UNIVERSITY'S PEER INSTITUTIONS' STATISTICS, FAIR MARKET RANGE WITHIN THE INDUSTRY, AND COMPENSATION AND BENEFITS IN COMPLIANCE WITH APPROPRIATE PROVISIONS OF THE INTERNAL REVENUE CODE. SALARY ADJUSTMENTS AND BONUSES FOR THE PRESIDENT ARE DISCUSSED AND DOCUMENTED AT THE EXECUTIVE COMMITTEE LEVEL. ALL OTHER EMPLOYEES, INCLUDING KEY EMPLOYEES, HAVE THEIR COMPENSATION DECIDED UPON DATE OF HIRE. SUBSEQUENT RAISES ARE DETERMINED AS AN ANNUAL UNIVERSITY-WIDE INCREASE. FAIR MARKET COMPENSATION FOR THE INDUSTRY IS CONSIDERED IN ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ROUTINELY AVAILABLE TO THE PUBLIC, THE DOCUMENTS ARE AVAILABLE UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE HUMAN RESOURCES POLICIES AND PROCEDURES MANUAL AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY PROACTIVELY SUBMITS ITS FINANCIAL STATEMENTS TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (NACUBO) WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 990, PART VII, SECTION A BECAUSE VICE PRESIDENT SISTER JEAN MESSAROS' CONGREGATION TAKES A VOW OF POVERTY, ALL OF HER INCOME RELATED TO HER WORK FOR MISERICORDIA UNIVERSITY GOES DIRECTLY TO THE CONGREGATION, AND IS THEREFORE NOT TAXABLE TO SISTER JEAN MESSAROS. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 365,579. NET UNREALIZED LOSS ON INTEREST RATE SWAPS -390,640. MINIMUM PENSION LIABILTY ADJUSTMENT 560,033. INTEREST RATE SWAPS -669,323. CONFERENCE FOR MERCY HIGHER EDUCATION 8380 COLESVILLE ROAD STE 300 SILVER SPRING MD 20910 SUPPORT OF CATHOLIC HIGHER ED MD 501(C)(3) LINE 1 N/A 0 PERPETUAL TRUST INVESTMENTS PA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0