2014-04-15T17:18:40-05:00 2013-05-31 FROST RUTTENBERG & ROTHBLATT PC 111 PFINGSTEN RD SUITE 300 DEERFIELD IL 600154981 990 2012-06-01 362170999 UNIVERSITY OF ST FRANCIS % ELIZABETH A LAKEN UNIV 8157403372 500 WILCOX STREET Suite JOLIET IL 604356188 ELIZABETH A LAKEN 8157403372 2014-04-15 true ELIEZER HILDESHAIM 8472361111 2012 2015-11-30 17:44:51Z ARVID C JOHNSON 500 WILCOX STREET JOLIET IL 604356188 91849295 false 0928 X WWW.STFRANCIS.EDU X 1920 IL Higher Learning Institution (Post Secondary Education) 27 26 1261 26 296594 -57896 1657459 3948826 55619214 58757516 258554 340604 861294 597242 58396521 63644188 16441381 17481010 0 0 26170752 23821435 0 0 408124 14086237 17984433 56698370 59286878 1698151 4357310 68133637 72663545 39580743 38892958 28552894 33770587 X As a Catholic university rooted in the liberal arts, we are a welcoming community of learners challenged by Franciscan values and charism, engaged in a continuous pursuit of knowledge, faith, wisdom, and justice, and ever mindful of a tradition that emphasizes reverence for creation, compassion and peacemaking. We strive for academic excellence in all programs, preparing women and men to contribute to the world through service and leadership. false false 36238884 17481010 55231589 Instruction: The Catholic, Franciscan University offers 45 baccalaureate programs including 4 adult undergraduate majors, 19 master's level programs (onsite and online classes), 11 post-baccalaureate certificate programs, and 2 doctoral programs. In fiscal year 2013, the University served 1,856 degree-seeking undergraduate students and 1,596 post-baccalaureate degree-seeking students. 6097720 Student Services: Student Services include Financial Aid, Athletics, Residence Education, Student Government Association, Career Success Center, Health & Personal Counseling Services, support for students with disabilities, and University Ministry. In fiscal year 2013, 99% of traditional undergraduate students and 100% of incoming freshmen received some form of financial aid. 376 student athletes participated in baseball, basketball, cross country, football, golf, soccer, softball, spirit line (cheerleading), tennis, track, and volleyball. 3710710 3525927 Auxiliary Enterprises: Student housing, food services, the campus print shop, mail services and the bookstore are included in auxiliary services. 353 students filled student housing to 88% capacity in 2013. New menu items and services were provided during the year. Food services are provided to students, faculty and staff 16 hours a day. 3782710 49830024 true true false false false false false false false true true false false false true true true false true true false false false false true false false false true true true false false false false false false false false false false true false false false false true false false false true 66 0 1261 true true true false false false false true true false false false false X 27 26 false false false false false false false true true false false true true true true true true true true false X ELIZABETH A LAKEN 8157403372 500 WILCOX STREET JOLIET IL 605346188 JD ROSS 8.0 X X KATHLEEN J MCGOWAN 8.0 X X ROBERT J BARON 4.0 X MARK D BASS 4.0 X DEWITT BUCHANAN 4.0 X JACQUELINE EDMONSON 4.0 X ROBERT F FILOTTO 4.0 X ROBERT FEDERICI 4.0 X 7500 0 0 CHRYSTEL L GAVLIN 4.0 X MARISUE GRABAVOY 4.0 X MJ GRIFFIN OSF 4.0 X DIANE F HABIGER 4.0 X DOROTHY KINSELLA 4.0 X JAMES B LEWIS O CARM 4.0 X ARTHUR SCHEUBER 4.0 X M THERESE SOUTHGATE 4.0 X CHERYL STEPNEY 4.0 X FAITH SZAMBELANCZYK OSF 4.0 X FRANK TURK JR DECD 42313 4.0 X MICHAEL J VINCIGUERRA 40.0 X X 268711 48930 J BRADLEY WEBB 4.0 X PATRICIA S WHEELER 4.0 X LAWRENCE A WYLLIE 4.0 X ROBERT W WYSOCKI 4.0 X MARY JO YOUNG OSF 4.0 X DOLORES ZEMONT OSF 4.0 X PARAMJIT SINGH SIDHU 0.0 X ELIZABETH A LAKEN 40.0 X 109895 14750 FRANK PASCOE 40.0 X 146059 42218 SALIM DIAB 40.0 X 193259 11665 RANDOLPH CHILTON 40.0 X 185505 15784 LYLE HICKS 40.0 X 138644 18571 ROBERT BEHLING 40.0 X 123905 23717 CAROL WILSON 40.0 X 117968 17794 1291446 0 193429 21 false true false SODEXO INC AND AFFILIATES 500 WILCOX STREET JOLIET IL 60435 FOOD SERVICE MGMT 1432578 SENDRA SERVICE CORP PO BOX 957 MOKENA IL 60448 HVAC/FACILITY MAINT. 396941 PRIME TIME MARKETING 351 WEST HUBBARD STREET SUITE 406 CHICAGO IL 60654 MARKETING SERVICES 348110 WCMEAA 15 EAST VAN BUREN STREET JOLIET IL 60432 FACILITIES RENTAL 238641 RICOH USA INC PO BOX 534777 ATLANTA GA 30353 PRINT SHOP MGMT SERV 293869 11 147563 1441152 2360111 526366 3948826 TUITION AND FEES 611710 55231589 55231589 RESIDENCE HALL REVENUE 611710 3231397 3231397 BOOKSTORE REVENUE 900099 102693 102693 RENTAL REVENUE 900099 191837 191837 58757516 495989 495989 0 0 0 0 0 27906951 3647 28065983 -159032 3647 -155385 133043 147563 139124 -6081 0 0 ATHLETIC EVENTS 900099 92153 92153 TRAINING/WORKSHOPS 900099 274399 274399 OTHER INCOME 900099 236771 22195 214576 603323 63644188 58757516 296594 802718 0 17481010 17481010 0 0 532165 421030 104781 6354 0 20464457 16190742 4029368 244347 1178361 889964 272315 16082 89129 89129 1557323 1263147 275743 18433 0 43989 4673 39316 101168 101168 0 0 48786 48786 85058 37432 47626 535310 7689 527012 609 0 343268 115574 227694 0 1056373 973024 82869 480 552772 437374 114408 990 0 138139 109578 27479 1082 0 0 2398509 2204230 184685 9594 2967233 1857552 1076515 33166 FOOD EXPENSE 1438179 1385960 46898 5321 OUTSIDE SERVICES 1851221 1531311 307122 12788 SUPPLIES 690094 535092 151733 3269 POSTAGE 268492 32373 229266 6853 5465842 4352269 1064817 48756 59286878 49830024 9048730 408124 4230 4030 10285405 9289716 398199 274790 3548950 3674576 0 0 0 0 1407774 1344629 0 0 684849 397351 63933772 28592391 35362108 35341381 13950800 19611445 0 100000 0 0 0 0 2491322 2625627 68133637 72663545 3256222 3559816 0 0 4699658 4714340 25998205 24654272 0 0 0 0 32400 16200 0 0 5594258 5948330 39580743 38892958 X 18200623 21832940 3769145 4168145 6583126 7769502 28552894 33770587 68133637 72663545 X 4357310 612171 -706401 954613 X false true X true true true X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13607211 312705 728800 247567 14401149 10245264 228301 3870 275171 10202264 6964970 2939272 669907 328885 10245264 6659988 369185 235043 299246 6964970 7055140 269137 -396014 268275 6659988 0.31350 0.53950 0.14700 true false 2073500 4964755 7038255 43088281 18685020 24403261 312794 20129 292665 9554611 7586829 1967782 3939831 2300413 1639418 35341381 0 U.S. GOVERNMENT STUDENT LOAN FUNDS 1141589 INTEREST RATE SWAP AGREEMENT 3674150 CAPITAL LEASE OBLIGATIONS 405156 OTHER LIABILITIES 727435 5948330 X 47689957 612171 139123 751294 46938663 48786 16656739 16705525 63644188 42720476 139123 139123 42581353 48786 16656739 16705525 59286878 USE OF ENDOWMENT FUND PART V, LINE 4 The intended uses of the University's endowment fund are: Scholarships, prizes and awards, faculty development and other programs. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 The University is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of state law. However, the University is subject to federal income tax on any unrelated business taxable income. The University files tax returns in the U.S. federal jurisdiction. Tax effects from uncertain tax positions are recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are not material uncertain tax positions that require recognition in the financial statements. The University is no longer subject to U.S. federal, state or local or non-U.S. income tax examinations by tax authorities for fiscal years before 2010. OTHER ADJUSTMENTS PART XI, LINE 4B SCHOLARSHIPS: $16,656,739 OTHER ADJUSTMENTS PART XII, LINE 4B SCHOLARSHIPS: $16,656,739 OTHER ADJUSTMENTS PART XI, LINE 2D SPECIAL EVENT EXPENSES: $139,123 OTHER ADJUSTMENTS PART XII, LINE 2D SPECIAL EVENT EXPENSES: $139,123 true true true true true true true false false false false false false false false true false true NONDISCRIMINATION POLICY PART I, LINE 3 The University is in compliance with Rev. Proc. 75-50. The University publishes its nondiscrimination policy in its catalog, freshman and transfer admission, and has the policy posted on its website. GOVERNMENT FINANCIAL AID PART I, LINE 6 The University applies for and receives educational grants, as approved on a case by case basis, from Federal and State agencies. The University also participates annually in Federal & State financial aid programs, specifically Pell, FSEOG, Federal Work-Study, Perkins Loans, Federal Direct Loans, and various state of Illinois scholarship and grant programs for qualified students (i.e., IL MAP). CARITAS 193839 110115 83724 2416 48515 5000 45166 BROWN & GOLD 55312 37448 17864 620 10331 7500 676 1 31455 31455 1376 5081 12443 280606 147563 133043 4412 63927 12500 58285 139124 -6081 true SCHOLARSHIPS 1793 16656739 STAFF UNDERGRADUATE & GRADUATE TUITION BENEFITS 91 546293 RESIDENCE ASSISTANCESHIPS - HOUSING BENEFITS 18 193196 GRADUATE ASSISTANT TUITION WAIVERS 9 84782 MONITORING USE OF GRANT FUNDS PART I, LINE 2 Management of the University has controls in place to monitor the use of all grant funds. Each department is responsible for reviewing all amounts charged to grant account numbers in the general ledger. The Development and Financial Aid departments review overall use of scholarship and other grant funds to ensure that the recipients are eligible to receive the funds. Management reviews each department's reports of grant spending on a regular basis, and the Business Affairs Committee and Board of Trustees receive quarterly financial reporting packages for review as well. X X X X X X false false false false false false false false false MICHAEL J VINCIGUERRA 264086 4625 39890 9040 317641 FRANK PASCOE 145066 993 15552 26666 188277 SALIM DIAB 193183 76 6141 5524 204924 RANDOLPH CHILTON 185411 94 5784 10000 201289 LYLE HICKS 136331 2313 13431 5140 157215 A THE COUNTY OF WILL ILLINOIS 366006672 968680AB4 2005-04-07 17000000 SEE SCHEDULE K, PART VI false false false B THE COUNTY OF WILL ILLINOIS 366006672 968680AC2 2007-12-07 14000000 SEE SCHEDULE K, PART VI false false false A 3620000 0 17267318 0 617004 0 183275 41823 0 15625216 800000 0 2006 true false true true B 2630000 0 14123528 0 0 0 223127 5743 0 13894658 0 0 2008 false false true true A false false true false 0.01900 0.01900 false false false true B false false false false 0 false false false true A false false true true true false 0 false 0 false true B false false false true true false 0 false 0 true true A true B true PART VI, LINE 2C, COLUMN A 0 THE LAST DATE A REBATE CALCULATION WAS PERFORMED FOR THIS BOND ISSUE WAS 12/10/13. THE BONDS WERE FULLY PAID OFF ON 6/18/2013. PART VI, LINE 2C, COLUMN B 0 THE LAST DATE A REBATE CALCULATION WAS PERFORMED FOR THIS BOND ISSUE WAS 09/23/13. THE BONDS WERE FULLY PAID OFF ON 6/18/13. PART I, LINE A, COLUMN F 0 PURPOSE OF BOND: THE PROCEEDS OF THE ISSUE WERE USED TO (I) FUND THE PURCHASE OF THE UN-OWNED PORTION OF THE MOTHERHOUSE FROM THE SISTERS OF ST. FRANCIS OF MARY IMMACULATE OF JOLIET, IL; (II) REDEEM THE OUTSTANDING $800,000 BALANCE OF THE UNSECURED ILLINOIS EDUCATION FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS ISSUED IN 1998; (III) PAY A PORTION OF THE INTEREST ACCRUING ON THE BONDS; (IV) FUND RENOVATIONS TO MARIAN HALL DORMITORY AND A PORTION OF THE MOTHERHOUSE; (V) CREATE AND IMPROVE PARKING LOTS AROUND THE CAMPUS; AND (VI) FUND COSTS ASSOCIATED WITH THE ISSUANCE OF THE BONDS. PART I, LINE B, COLUMN F 0 PURPOSE OF BONDS: THE PROCEEDS OF THE ISSUE WERE USED TO (I) FUND THE RENOVATION (PHASE II) OF THE MOTHERHOUSE; (II) FUND CAMPUS BEAUTIFICATION (LAND IMPROVEMENTS) INCLUDING FOUNTAIN, PAVED WALKWAYS, OUTDOOR SEATING, STATUARY; (III) FUND LAND ACQUISITION FOR FUTURE CAMPUS EXPANSION; (IV) CREATE AND IMPROVE PARKING LOTS; (V) REFINANCE EXISTING DEBT: TWO NOTES PAYABLE, EACH SECURED BY A HOUSE; AN UNSECURED VARIABLE INTEREST RATE TERM LOAN USED TO PURCHASE THE REMAINDER OF THE PROPERTY SITED AT WILCOX AND TAYLOR STREETS PREVIOUSLY LEASED FROM THE SISTERS OF ST. FRANCIS OF MARY IMMACULATE OF JOLIET, IL; AN UNSECURED CONSTRUCTION LOAN; (VI) FUND SAFETY/CRISIS MANAGEMENT AND OTHER COMMUNICATION AND SECURITY EQUIPMENT, AND (VII) FUND COSTS ASSOCIATED WITH THE ISSUANCE OF THE BONDS. PART II, LINE 3, COLUMN A 0 THE TOTAL ON THIS LINE DIFFERS FROM THE $17,000,000 REPORTED ON FORM 8038 SINCE IT INCLUDES INVESTMENT INCOME EARNED ON THE BOND PROCEEDS FROM THE INCEPTION OF THE BONDS UNTIL THE BOND PROCEEDS WERE EXHAUSTED. PART II, LINE 3, COLUMN B 0 THE TOTAL ON THIS LINE DIFFERS FROM THE $14,000,000 REPORTED ON FORM 8038 SINCE IT INCLUDES INVESTMENT INCOME EARNED ON THE BOND PROCEEDS FROM THE INCEPTION OF THE BONDS UNTIL THE BOND PROCEEDS WERE EXHAUSTED. PART II, LINE 7, COLUMN A 0 THE TOTAL ON THIS LINE DIFFERS FROM THE $195,380 REPORTED ON FORM 8038 DUE TO A REVISION IN THE AMOUNT ACTUALLY SPENT ON BOND ISSUANCE COSTS. PART II, LINE 10, COLUMN A 0 THE TOTAL ON THIS LINE DIFFERS FROM THE $15,962,797 REPORTED ON FORM 8038 DUE TO INVESTMENT INCOME EARNED ON THE BOND PROCEEDS FROM THE INCEPTION OF THE BONDS UNTIL THE BOND PROCEEDS WERE EXHAUSTED, NET OF THE $617,004 OF INTEREST EXPENSE CAPITALIZED. PART II, LINE 10, COLUMN B 0 THE TOTAL ON THIS LINE DIFFERS FROM THE $13,771,130 REPORTED ON FORM 8038 DUE TO INVESTMENT INCOME EARNED ON THE BOND PROCEEDS FROM THE INCEPTION OF THE BONDS UNTIL THE BOND PROCEEDS WERE EXHAUSTED. PART II, LINE 11, COLUMN A 0 THE REMAINING PROCEEDS OF THE BOND WERE USED TO REDEEM THE OUTSTANDING $800,000 BALANCE OF THE UNSECURED ILLINOIS EDUCATION FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS ISSUED IN 1998. X 2 54966 STOCK QUOTE X 1 100000 COMPARABLE COST X 1 327500 APPRAISAL X CAR LEASE 1 5000 ACTUAL COST X ANTIQUE WOOD WALLPAPER ROLLS 1 6000 COMPARABLE COST X DRUM SET 1 400 COMPARABLE COST X AUCTION ITEMS 1 4500 ACTUAL COST X BOILER 1 28000 ACTUAL COST 0 false true false NONCASH CONTRIBUTIONS PART I, COLUMN (B) THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTIONS OF ALL ITEMS CHECKED IN PART I, COLUMN (A). OTHER PROGRAM SERVICES PART III, LINE 4D Academic Support: Library Resources and Services, Academic Resource Center, Student Computer Labs, Fine Arts Performance Series and the Art Galleries are included in this category. The library's collection included 116,889 books and other paper documents, 24,334 serial subscriptions, 1,767 microforms, and 8,870 audiovisual materials. Consistent with the industry, the University's resources continue to move away from printed materials and toward electronic resources and subscriptions. The resources at the library assist students in all methods of research. Expenses: $3,782,710 including grants of $0. Revenue $0. REVIEW OF 990 PART VI, SECTION B, LINE 11 The Form 990 has been reviewed in detail by the Controller, Vice President for Administration and Finance, and the President of the University; in addition, the Form 990 has been made available to the governing body before filing. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C The organization follows a bid process to ensure that any exchange of services or funds by the organization with parties where a conflict of interest is present is done so that it is made under an arm's length transaction to ensure all parties are treated equally. Any hint of impropriety is immediately brought to the attention of the President, a member of the Board of Trustees, or one of its many sub-committees. The organization monitors compliance with the conflict of interest policy periodically throughout the year and in total at year end. DETERMINING COMPENSATION PART VI, SECTION B, LINE 15 The Compensation Committee of the Board of Trustees sets the thresholds and other conditions that define highly compensated employees at the University of St. Francis; selects comparable data to be used in evaluating recommended compensation packages; determines conditions when packages that do not reflect those for comparable positions at peer institutions shall be approved; and, approves any separation compensation agreement between a highly compensated individual and the University. This committee is considered independent of the President. The process for determining compensation is contemporaneously documented. DOCUMENTS AVAILABLE TO PUBLIC 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. OTHER CHANGES IN NET ASSETS PART XI LINE 9 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT: $801,729 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: $152,884 ENDOWMENT FUNDS SCHEDULE D, PART V PLEASE SEE THE ATTACHED DESCRIPTION (ATTACHMENT 7) FOR CHANGES IN ENDOWMENT NET ASSETS FOR THE YEAR ENDED MAY 31, 2013. PRIOR PERIOD ADJUSTMENTS PART XI, LINE 8 PLEASE SEE THE ATTACHED EXPLANATION (ATTACHMENT 8) FOR THE RESTATEMENT OF BEGINNING NET ASSETS. SISTERS OF ST FRANCIS OF MARY IMMACULATE 1433 ESSINGTON JOLIET IL 60435 362764900 RELIGIOUS ORD IL 501(C)(3) LINE 1 NA false VIRGINIA J SAXON SCHOLARSHIP FUND 111 W MONROE STREET 16W CHICAGO IL 60603 367467799 SCHOLARSHIPS IL 501(C)(3) PF NA false false true true false false false false false false false false false false false false false false false true