2014-11-17T15:06:53-06:00 2014-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2013-07-01 230973290 CAIRN UNIVERSITY CAIR 2157525800 200 MANOR AVENUE LANGHORNE PA 190472990 JAN M HAAS SR VP - FINANCE & ADMIN 2157525800 2014-11-17 1 STACY CULLEN P00974308 2159798800 2014-11-17 2013 2015-11-30 17:44:51Z TODD J WILLIAMS 200 MANOR AVENUE LANGHORNE PA 190472990 29070809 0 X WWW.CAIRN.EDU X 1913 PA TO PROVIDE HIGHER EDUCATION TO STUDENTS INTERESTED IN PROGRAMS OF BIBLE, EDUCATION, MUSIC, SOCIAL WORK, AND BUSINESS. 18 17 728 19 0 0 1976872 3223434 24052347 22701398 843558 1578544 483161 613520 27355938 28116896 7911041 7951097 0 0 11700957 12069975 0 0 505835 9023373 8336998 28635371 28358070 -1279433 -241174 53440064 47895102 20380047 14748757 33060017 33146345 TO EDUCATE STUDENTS TO SERVE CHRIST IN THE CHURCH, SOCIETY, AND THE WORLD AS BIBLICALLY MINDED, WELL-EDUCATED, AND PROFESSIONALLY COMPETENT MEN AND WOMEN OF CHARACTER. 0 0 19911105 7951097 22701398 EDUCATION OF STUDENTS IN THE SEVEN DIFFERENT SCHOOLS/DEPARTMENTS OFFERED AT CAIRN UNIVERSITY. THE 7 SCHOOLS ARE: THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, THE SCHOOL OF DIVINITY, THE SCHOOL OF MUSIC, THE SCHOOL OF LIBERAL ARTS & SCIENCES, THE DEPARTMENT OF SOCIAL WORK AND THE DEPARTMENT OF COUNSELING. 1382383 OPERATING STUDENT HOUSING FACILITIES INCLUDING MANOR RESIDENCE HALLS, HERITAGE HALL AND PENNDEL APARTMENTS, AS WELL AS THE FURMAN DINING COMMONS AND THE CAFE. TOGETHER THESE FACILITIES PROVIDE ROOM AND BOARD FOR THE STUDENTS. 21293488 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 109 0 1 728 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JEFF EUBANK CONTROLLER 2157024202 200 MANOR AVENUE LANGHORNE PA 190472990 TODD J WILLIAMS PRESIDENT 45.00 X X 164598 0 22841 G PATRICK STILLMAN TRUSTEE 2.00 X 0 0 0 EDWARD STILLMAN SECRETARY 2.00 X X 0 0 0 S ERIC BEATTIE TRUSTEE 2.00 X 0 0 0 EDGAR N BRIGHTBILL TRUSTEE 2.00 X 0 0 0 ELIZABETH MASON GIVENS TRUSTEE 2.00 X 0 0 0 BETTY JANE HESS VICE CHAIR 2.00 X X 0 0 0 LEE W HIMMELMANN TRUSTEE 2.00 X 0 0 0 JOHN W SCHEFLEN CHAIR 2.00 X X 0 0 0 DAVID WILLARD TRUSTEE 2.00 X 0 0 0 CLARENCE E LOCKETT TRUSTEE 2.00 X 0 0 0 JEAN S MACFADYEN TRUSTEE 2.00 X 0 0 0 PAMELA J OKADA TRUSTEE 2.00 X 0 0 0 JOE KEMPF TRUSTEE 2.00 X 0 0 0 STEPHEN K SMITH TRUSTEE EMERITUS 2.00 X 0 0 0 MELVIN C NACE TRUSTEE 2.00 X 0 0 0 ROBERT H STRATON TRUSTEE 2.00 X 0 0 0 BOB DOLL TRUSTEE 2.00 X 0 0 0 JACK MUEHLHAN TRUSTEE EMERITUS 2.00 X 0 0 0 ARTHUR HARRIS TRUSTEE 2.00 X 0 0 0 JAN M HAAS SR VP - FINANCE & ADMIN 45.00 X 131171 0 17925 BRIAN G TOEWS SR VP & PROVOST 45.00 X 111079 0 16626 406848 0 57392 3 0 1 0 PIONEER COLLEGE CATERERS INC C/O PBU 200 MANOR AVENUE LANGHORNE PA 19047 FOOD SERVICE 956075 GCA SERVICES GROUP PO BOX 643823 PITTSBURGH PA 152643823 JANITORIAL 431991 ACTEON NETWORKS 165 INDIANA AVENUE FORT WASHINGTON PA 19034 BOOKS & PERIODICALS 166510 EBSCO 10 ESTES STREET IPSWICH MA 01938 RESEARCH 160989 TREE OF LIFE BOOKSTORES LLC 1104 KINGS HWY WINONA LAKE IN 46590 BOOKS & PERIODICALS 121337 6 8600 256765 2958069 3223434 TUITION AND FEES 900099 18506655 18506655 AUXILIARY ENTERPRISES 900099 4194743 4194743 22701398 239157 239157 88965 0 88965 88965 88965 2259844 920457 1339387 1339387 1339387 24327 8600 33456 -9129 -9129 MISCELLANEOUS 900099 521988 521988 LAUNDRY VENDING INCOME 900099 11696 11696 533684 28116896 22701398 0 2192064 7886554 7886554 64543 64543 336223 230114 106109 9398679 6159692 2840338 398649 328503 215168 99218 14117 1321667 866628 425671 29368 684903 449477 220363 15063 512562 78581 433981 4542 4542 42250 38750 3500 300611 29208 271403 947497 348036 587080 12381 408234 266229 129066 12939 1409811 1268830 136155 4826 397630 366269 20276 11085 332243 332243 113393 113393 1875926 1688333 183944 3649 266454 1474 264980 FOOD SERVICE 877643 877643 STUDENT PROGRAMS AND AC 657095 394859 262236 VEHICLE REPAIRS AND EXP 90436 81392 9044 PROFESSIONAL MEMBERSHIP 76361 20458 55645 258 24310 24310 28358070 21293488 6558747 505835 33239 227524 5782753 946288 268371 426206 498980 367932 56364834 28041719 29358637 28323115 848181 1095697 16649903 16508340 53440064 47895102 978229 661957 901867 885500 16021255 11183340 2478696 2017960 20380047 14748757 X 19045548 17541530 6012641 7476367 8001828 8128448 33060017 33146345 53440064 47895102 -241174 327502 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11565966 213450 1496325 1924747 11350994 11471791 480473 777195 1163493 11565966 10523146 1294543 -97882 248016 11471791 8074663 1374129 1271883 197529 10523146 7966945 252752 853134 998168 8074663 0.00420 0.71610 0.27970 0 0 2102148 2102148 40014566 16891028 23123538 10840160 8871323 1968837 3407960 2279368 1128592 28323115 ASSETS HELD IN TRUST BY AFFILIATE 16508340 16508340 STUDENT DEPOSITS 154759 ANNUITIES PAYABLE 1356320 ACCRUED PENSION PLAN 506881 2017960 X 20849076 327502 355775 683277 20165799 7951097 7951097 28116896 20657474 250501 250501 20406973 7951097 7951097 28358070 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2011-2013) OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S 2014 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATE NOT INCLUDED ON FORM 990 436,639. SPECIAL EVENTS 33,456. CONTRIBUTION FROM AFFILIATE ELIMINATED IN CONSOLIDATION -114,320. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,951,097. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATE NOT INCLUDED ON THE FORM 990 331,365. SPECIAL EVENTS 33,456. CONTRIBUTION TO AFFILIATE ELIMINATED IN CONSOLIDATION -114,320. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,951,097. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN ADVERTISING FOR THE INSTITUTION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PERIODICALLY RECEIVES GRANTS AND AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR USE IN THE EDUCATIONAL PROCESS. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 0 PROGRAM SERVICES GRADUATE EDUCATION 31548 SOUTH AMERICA 1 0 PROGRAM SERVICES GRADUATE EDUCATION 186 2 0 0 0 2 0 31734 0 31734 SCHOLARSHIPS EUROPE 20 64543 CREDITED 0 0 0 0 0 0 PART I, LINE 2: AFTER AN APPLICATION IS SUBMITTED BY THE STUDENT, FINANCIAL AID EVALUATES IT FOR NEED AND BASED ON THEIR ENROLLED COURSES, AND THIS IS RE-EVALUATED EACH YEAR AS NEED AND ENROLLMENT INDICATE. THE UNIVERSITY DOES MONITOR THE USE OF THE STUDENT AID AND IT IS APPLIED TO THEIR STUDENT BILLING ACCOUNT IN THE UNIVERSITY'S SIS (STUDENT INFORMATION SYSTEM). GOLF OUTING 32927 8600 24327 24400 9056 32927 8600 24327 24400 9056 33456 -9129 1 SCHOLARSHIPS 858 7842063 PART I, LINE 2: AFTER AN APPLICATION IS SUBMITTED BY THE STUDENT, FINANCIAL AID EVALUATES IT FOR NEED AND BASED ON THEIR ENROLLED COURSES, AND THIS IS RE-EVALUATED EACH YEAR AS NEED AND ENROLLMENT INDICATE. THE UNIVERSITY DOES MONITOR THE USE OF THE STUDENT AID AND IT IS APPLIED TO THEIR STUDENT BILLING ACCOUNT IN THE UNIVERSITY'S SIS (STUDENT INFORMATION SYSTEM). X X 0 0 0 0 0 0 0 0 0 TODD J WILLIAMS PRESIDENT 164598 0 0 0 0 0 14648 0 8193 0 187439 0 0 0 A BOROUGH OF LANGHORNE MANOR HIGHER EDUCATION & HEALTH AUTHORITY 232581246 515741EJ1 2005-04-01 7400000 PURCHASE AND RENOVATE DORMITORIES. 0 0 0 B LOWER SOUTHAMPTON TOWNSHIP INDUSTRIAL DEVELOPMENTAL AUTHORITY 462360610 548611AM4 2013-05-30 5165000 REPAY THE LMHEHA OUTSTANDING SERIES 2005 REVENUE BONDS. 0 0 0 A 7400000 58750 0 0 0 1 B 5165000 96782 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES ARE PARTNERS IN 102 E FAIRVIEW LLC - A REAL ESTATE RENTAL PATNERSHIP WHICH DOES BUSINESS WITH THE ORGANIZATION : EDGAR N. BRIGHTBILL JR.; MELVIN C. NACE; JOHN W. SCHEFLEN AND G. PATRICK STILLMAN. TRUSTEES EDWARD STILLMAN AND PATRICK STILLMAN ARE COUSINS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION HAS PROVIDED THE FORM 990 TO EACH BOARD MEMBER FOR THEIR REVIEW AND ALSO PROVIDED TIME FOR ANY QUESTIONS/COMMENTS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY FOLLOWS POLICY # 5505-13 "CONFLICT OF INTEREST", A 3-PAGE DOCUMENT OUTLINING THE REQUIREMENTS OF BOARD MEMBERS WITH REFERENCE TO ANY CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES AND THE SENIOR VICE PRESIDENTS SHALL ANNUALLY SUBMIT TO THE OFFICE OF THE PRESIDENT A STATEMENT IDENTIFYING ANY FINANCIAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND VICE PRESIDENTS IS DETERMINED UNDER UNIVERSITY POLICY # 5505-14, "EXECUTIVE COMPENSATION". THE GOVERNANCE COMMITTEE SHALL OBTAIN ANNUALLY AN INDEPENDENT SURVEY OF COMPENSATION PAID BY OTHER SIMILAR EDUCATIONAL INSTITUTIONS TO THEIR EXECUTIVE OFFICERS. THE GOVERNANCE COMMITTEE MAY ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT TO OBTAIN AND EVALUATE THE COMPENSATION SURVEY OR MAY OBTAIN ASSISTANCE FROM HUMAN RESOURCES. THE GOVERNANCE COMMITTEE SHALL COMMUNICATE ITS RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL TO BE EFFECTIVE JANUARY 1 OF THE FOLLOWING YEAR. THE GOVERNANCE COMMITTEE SHALL BASE ITS RECOMMENDATION ON THE INDEPENDENT COMPENSATION SURVEY AND THE ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT AND SHALL COMMUNICATE THE BASIS OF ITS RECOMMENDATION TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL DETERMINE THE COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 BY UNIVERSITY POLICY # 5512-09 REGARDING "PUBLIC INSPECTION OF THE IRS FORM 990", THE UNIVERSITY WILL PROVIDE BY MAIL, FAX OR EMAIL A COPY OF THE 990 UPON REQUEST TO THE CONTROLLER'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY HAS PREPARED THESE DOCUMENTS AND THEY ARE AVAILABLE UPON REQUEST TO THE CONTROLLER'S OFFICE. PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE REGENCY FOUNDATION 200 MANOR AVE LANGHORNE PA 19047 232795443 FINANCIAL PLANNING PA 501C(3) 11A 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0