2014-03-31T14:40:59-05:00 2013-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2012-06-01 340714818 FRANCISCAN UNIVERSITY OF STEUBENVILLE FRAN 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DAVID M SKIVIAT SR 7402833771 2014-03-25 1 SUSAN M KIRSCH P00341397 4122613644 2012 2015-11-30 17:44:51Z FR SEAN O SHERIDAN 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 93091590 0 X WWW.FRANCISCAN.EDU X 1946 OH INSTITUTION OF HIGHER EDUCATION AND CHRISTIAN OUTREACH PROGRAMMING. 23 23 1987 1422 170833 0 4027532 4642542 63215577 64028011 1569824 3139315 1601463 1900064 70414396 73709932 10817303 11413723 0 0 30739725 31454209 0 0 2822004 23827586 23280303 65384614 66148235 5029782 7561697 151726331 163898953 33444955 31934394 118281376 131964559 TO FURTHER THE HIGHER EDUCATION OF MEN AND WOMEN THROUGH PROGRAMS OF LIBERAL, PROFESSIONAL, AND PRE-PROFESSIONAL STUDIES LEADING TO THE CONFERRAL OF BACCALAUREATE AND MASTER DEGREES IN ARTS AND SCIENCES AND TO PROMOTE THE MORAL,SPIRITUAL,& RELIGIOUS VALUES OF ITS STUDENTS. 0 0 52228769 11409873 63126414 INSTRUCTION AND AUXILIARY SERVICES (INCLUDING ROOM AND BOARD) AS RELATED TO THE INSTRUCTION OF 2,466 UNDERGRADUATE, GRADUATE AND ONLINE STUDENTS ENROLLED IN 47 MAJORS AND 33 MINOR ACADEMIC PROGRAMS. A TOTAL OF 513 UNDERGRADUATE AND 192 GRADUATE DEGREES WERE CONFERRED IN THE 2012-13 ACADEMIC YEAR. 3076687 3850 2600305 CHRISTIAN OUTREACH PROGRAMS IN EDUCATION AND SPIRITUAL FORMATION- 41,500 YOUTH AND OTHER PARTICIPANTS IN CHRISTIAN OUTREACH CONFERENCES, SEMINARS, CATHOLIC PROGRAMMING AND YOUTH OUTREACH PROGRAMS. 55305456 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 4049 0 1 1987 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHN A STEITZ CONTROLLER 7402833771 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 DRCHARLES BENTZ 1.00 X 0 0 0 DIANE BROWN 1.00 X 0 0 0 PAUL CARAPELLOTTI 1.00 X 0 0 0 REV MICHAEL CISKI TOR 1.00 X 0 0 0 THERESA COLLINS 1.00 X 0 0 0 MOTHER REGINA PACIS 1.00 X 0 0 0 ED JOHNSON 1.00 X 0 0 0 ALBERT H LANGSENKAMP 1.00 X 0 0 0 REV NATHAN MALAVOLTI TOR 1.00 X 0 0 0 JAMIE MCALEER 1.00 X 0 0 0 PAUL NIGRO 1.00 X 0 0 0 DAVID ROBERTSON 1.00 X 0 0 0 CAROL SNYDER 1.00 X 0 0 0 REV MALACHI VAN TASSELL TOR 1.00 1.00 X 0 0 0 REV CLETUS WATSON TOR 1.00 X 0 0 0 RICHARD ALLEN 1.00 X 0 0 0 DAVID DEWOLF 1.00 X 0 0 0 REV SAM JACOBS 1.00 X 0 0 0 REV JOHN MARK KLAUS 1.00 X 0 0 0 MICHAEL TOBIN 1.00 X 0 0 0 REV TERENCE HENRY TOR 50.00 1.00 X X 0 0 0 V REV NICHOLAS POLICHNOWSKI 1.00 X X 0 0 0 MR ROBERT SMITH 1.00 X X 0 0 0 DAVID M SKIVIAT SR 50.00 1.00 X 130460 0 75723 JANINE STASIULEWICZ 40.00 X 37206 0 8593 DR ROBERT G FILBY 50.00 1.00 X 165929 0 25742 BRENAN PATRICK PERGI 50.00 X 92867 0 23422 ADAM SCURTI 50.00 X 135564 0 13723 MICHAEL M HERNON 50.00 X 127007 0 27181 DAVID ALAN SCHMIESING 50.00 X 105185 0 35610 JOEL S RECZNIK 50.00 X 112005 0 68808 DR DANIEL R KEMPTON 50.00 X 126698 0 19048 DR MICHAEL HEALY 50.00 X 113647 0 23241 DR REGINA BOERIO 50.00 X 100775 0 21134 MICHAEL J WELKER 50.00 X 104125 0 66705 KEVIN G SEBOLT 50.00 X 100944 0 24444 1452412 0 433374 11 0 1 0 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION 3978202 SODEXO INC 10400 FERNWOOD ROAD BETHESDA MD 20817 FOOD SERVICE 3896703 FRANCISCAN FRIARS TOR PO BOX 188 LORETTO PA 15940 ADMIN & FACULTY 876192 JEFFERSON INVESTIGATORS & SECURITY INC 1439 SUNSET BLVD STEUBENVILLE OH 43952 SECURITY 506293 MACLACHLAN CORNELIUS & FILONI 200 THE BANK TOWER 3074 AVE PITTSBURGH PA 15222 ARCHITECT 363569 15 59530 705342 3877670 324406 4642542 TUITION AND FEES 900099 47800813 47800813 AUXILIARY ACTIVITIES 900099 11779448 11637968 141480 CHRISTIAN OUTREACH 611710 2741785 2741785 STUDENT REL.ACTIVITIES 900099 775112 767256 7856 EDUCATIONAL ACTIVITIES 900099 639101 639101 291752 262522 29230 64028011 1386207 -7733 1393940 69898 0 69898 69898 69898 17312027 15558919 1753108 1753108 1753108 12676 59530 59485 -46809 -46809 1136 1435 -299 -299 5639093 3761819 1877274 1877274 73709932 65726719 170833 3169838 10643709 10643709 770014 770014 1331261 496040 676745 158476 21850976 17867241 2654450 1329285 1185498 984544 120318 80636 5494232 4410109 723719 360404 1592242 1256499 219597 116146 43618 43618 136840 9659 127181 28662 28662 1698447 1364095 240058 94294 269390 182717 9333 77340 3424313 3454668 -319278 288923 471222 289391 134179 47652 8674 8592 82 3195577 2548406 646816 355 1597165 1372476 161110 63579 100435 68811 21958 9666 1014043 777532 236511 4209445 3227653 981792 470679 195495 275184 FOOD SERVICE 4189354 4189354 REPAIR & MAINTENANCE 1173635 530697 581964 60974 HOSPITALITY 630863 519967 21922 88974 DUES/MEMBERSHIPS 255828 106695 103915 45218 362113 31092 331021 66148235 55305456 8020775 2822004 235818 448923 6211331 5061418 2171391 1759905 1218772 621894 992913 918022 562235 533741 1113079 1076474 124464295 48295478 73166590 76168817 55976048 65838064 9987614 11396922 90540 74773 151726331 163898953 7764079 7442223 715874 722703 2415730 2492197 18816000 17519000 2493229 2364325 1240043 1393946 33444955 31934394 X 86315117 96078758 15171201 18893508 16795058 16992293 118281376 131964559 151726331 163898953 7561697 6121486 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139771 X X 0 40063569 220109 6123228 503041 45903865 40927541 852000 -1496660 219312 40063569 32893733 2367838 5995895 329925 40927541 27392641 1204930 4619294 323132 32893733 36229668 1060498 -8480100 1417425 27392641 0.38720 0.37020 0.24260 0 0 8357183 8357183 101463283 39847820 61615463 14504058 8447658 6056400 139771 139771 76168817 ALTERNATIVE INVESTMENT FUNDS & PARTNERSHIPS 11395922 F GOOD VENTURE ENTERPRISES, LLC 1000 F 11396922 STUDENT AND OTHER DEPOSITS 1393946 1393946 X 70546901 6121486 -13107256 -6985770 77532671 -3822739 -3822739 73709932 56863718 3822739 3822739 53040979 13107256 13107256 66148235 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. BOOK COLLECTIONS ARE USED BY STUDENTS FOR ACADEMIC RESEARCH. WORKS OF ART ARE USED IN ACADEMIC INSTRUCTION AND DISPLAYED TO FURTHER THE EDUCATION OF STUDENTS AND THE COMMUNITY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 159 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -11,409,873. TUITION REMISSION PROGRAM -1,697,383. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -60,920. COST OF GOODS SOLD -3,761,819. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 60,920. COST OF GOODS SOLD 3,761,819. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 11,409,873. TUITION REMISSION PROGRAM 1,697,383. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL UNDERGRADUATE & GRADUATE APPLICATIONS DISCLOSE THE UNIVERSITY'S NON-DISCRIMINATIVE POLICIES. THE POLICY STATEMENT IS CONTAINED IN NEWSPAPER AND RADIO ADVERTISING AND PUBLISHED IN UNIVERSITY CATALOGS AND DOCUMENTS DISTRIBUTED TO HIGH SCHOOLS AND AT COLLEGE INFORMATION FAIRS. THE POLICY IS ALSO STATED ON THE UNIVERSITY'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 EDUCATIONAL ASSISTANCE IS RECEIVED IN THE FORM OF FEDERAL AND STATE GRANTS AWARDED TO INDIVIDUAL STUDENTS. 0 EUROPE 1 22 STUDENT STUDY ABROAD PROGRAMS INSTRUCTION, STUDENT HOUSING, ADMINISTRATION. 3794316 CENTRAL AMERICA AND CARIBBEAN 0 0 CHRISTIAN OUTREACH MISSIONS. 71305 SOUTH AMERICA 0 0 CHRISTIAN OUTREACH MISSIONS. 59978 EAST ASIA AND THE PACIFIC 0 0 STUDENT STUDY ABROAD PROGRAMS INSTRUCTION, STUDENT HOUSING, ADMINISTRATION. 865 EUROPE 0 0 EDUCATIONAL GRANTS FINANCIAL AID FOR STUDY ABROAD PROGRAM PARTICIPANTS. 770014 NORTH AMERICA 0 0 CHRISTIAN OUTREACH CONFERENCES 34280 CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS N/A 6528332 MIDDLE EAST AND NORTH AFRICA 0 0 CHRISTIAN OUTREACH PILGRIMAGE 4697 1 22 0 0 1 22 11263787 0 11263787 STUDENT AID FOR STUDY ABROAD PROGRAM EUROPE 320 770014 CREDIT TO STUDENTS' ACCOUNTS FOR FINANCIAL AID N/A N/A 1 0 1 0 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: SCHOLARSHIPS, FEDERAL, STATE AND INSTITUTIONAL AID IS AWARDED TO STUDENTS BASED UPON THEIR FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE SELECTION COMMITTEE FOR SCHOLARSHIPS IS COMPRISED OF REPRESENTATIVES FROM ADMISSIONS, ENROLLMENT SERVICES, STUDENT LIFE, FRANCISCAN FRIARS AND VARIOUS FACULTY MEMBERS. ALL AID IS PROCESSED THROUGH THE FINANCIAL AID OFFICE AND IS POSTED TO THE STUDENTS' RECEIVABLE ACCOUNTS. BARON CLUB/CALIPARI SPEAKER 68280 59430 8850 1115 19354 23275 13598 ROGGENSACK RUN 3926 100 3826 221 1922 72206 59530 12676 221 1115 19354 23275 15520 59485 -46809 1 FEDERAL FINANCIAL AID 52 143402 STATE FINANCIAL AID 169 234064 INSTITUTIONAL AID 1663 9219804 RESTRICTED SCHOLARSHIPS 422 1042589 SCHOLARSHIPS FOR PRIESTS 2 3850 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 1 0 0 0 0 0 0 0 0 0 DAVID M SKIVIAT SR 129440 0 0 0 1020 0 13235 0 62488 0 206183 0 0 0 DR ROBERT G FILBY 165029 0 0 0 900 0 16571 0 9171 0 191671 0 0 0 MICHAEL M HERNON 125987 0 0 0 1020 0 12860 0 14321 0 154188 0 0 0 JOEL S RECZNIK 111465 0 0 0 540 0 11480 0 57328 0 180813 0 0 0 MICHAEL J WELKER 104125 0 0 0 0 0 7710 0 58995 0 170830 0 0 0 PART I, LINE 1B THE UNIVERSITY OWNS THE FRIARY BUILDING ON ITS CAMPUS. FATHER HENRY 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 32428 SALARY 0 K HARRIS OFFICER'S FAMILY MEMBER 78706 SALARY 0 J RECZNIK OFFICER'S FAMILY MEMBER 52069 SALARY 0 M RECZNIK OFFICER'S FAMILY MEMBER 74729 SALARY 0 M RECZNIK OFFICER'S FAMILY MEMBER 18014 SALARY 0 DR A SCURTI OFFICER'S FAMILY MEMBER 12580 INDEPENDENT CONTRACTOR 0 X 12 302960 FMV 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 FR. TERENCE HENRY,T.O.R, FR. MALACHI VAN TASSELL, T.O.R, DAVID M. SKIVIAT, SR. 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(3)(C) 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 OFFICERS' COMPENSATION IS DETERMINED WITHIN THE BUDGETING PROCESS AND SALARY INCREASES ARE APPROVED BY THE EXECUTIVE VICE PRESIDENT, THE PRESIDENT AND FINALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. 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. 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. 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 502887 6975553 N/A GOOD VENTURE HIH LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 261329844 PROVIDE HOTEL/REST SVC & LIMITED DORM SPACE FOR STUDENTS/GUESTS OH 3986849 4150881 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 2773778 N/A GOOD VENTURE PARKVIEW CIRCLE LLC 1235 UNIVERSITY BOULEVARD STEUBENVILLE OH 43952 340714818 PROVIDE RESIDENTIAL AND ACADEMIC SPACE FOR STUDENTS OH 0 3637909 N/A FOUNDATION MARIA THRON 3292 GAMING KARTAUSE 1 GAMING EUROPE AU HISTORIC MONASTERY SITE OF THE UNIVERSITY'S STUDY ABROAD PROGRAM AU N/A N/A 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 1048376 FMV FOUNDATION MARIA THRON-PAYMENT FOR FOOD SERVICES M 515411 FMV