2013-05-14T11:58:46-07:00 2012-06-30 990 2011-07-01 340714689 NOTRE DAME COLLEGE NOTR 2163811680 4545 College Road South Euclid OH 44121 Janet Ashe 2163735308 2013-05-14 2011 2016-02-24 21:20:13Z Dr Andrew Roth 4545 College Road South Euclid OH 44121 51813310 0 0928 X www.notredamecollege.edu X 1922 OH Higher Education: Notre Dame College, a Catholic institution in the tradition of the Sisters of Notre Dame, educates a diverse population in the liberal arts for personal, professional, and global responsibility. Notre Dame College provides a career-oriented education to approximately 2,300 students taught by faculty trained in over 30 different academic disciplines including a nationally accredited education program and business and science majors. 28 27 1510 40 0 0 1024962 2471697 39844467 42642168 311364 363155 243911 115525 41424704 45592545 13922202 16111501 0 0 13495802 14546022 0 0 1178627 14191554 15007632 41609558 45665155 -184854 -72610 40964579 42321533 25179222 30432243 15785357 11889290 Notre Dame College, a Catholic institution in the tradition of the Sisters of Notre Dame, educates a diverse population in the liberal arts for personal, professional, and global responsibility. 0 0 42470844 16111501 42688434 Higher Education: Notre Dame College provides instruction and related auxiliary services to approximately 2,300 enrolled students during the academic year. As a non-profit educational institution, the College employs a regular faculty and maintains an up-to-date curriculum. 0 0 0 42470844 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 0 0 0 0 0 0 0 0 0 1 3011 0 1 1510 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Janet Ashe 2163811680 4545 College Road South Euclid OH 44121 Mark Brandt 1 X 0 0 0 Brian Brennan 1 X 0 0 0 Daniel Clark 1 X 0 0 0 Sr Antoinette Dershaw SND 1 X 0 0 0 Mac M Donley 1 X 0 0 0 Sean Dorsey 1 X 0 0 0 Rich Garcia 1 X 0 0 0 Melissa Garrett 1 X 0 0 0 Sr Margaret Gorman SND 1 X 0 0 0 Dr Albert Green 1 X 0 0 0 Sr Jacquelyn Gusdane SND 1 X 0 0 0 Ann Hawkins 1 X 0 0 0 Sherilyn Hribar 1 X 0 0 0 Sanjiv Kapur 1 X 0 0 0 Sr Michelle Marie Kelly SND 1 X 0 0 0 James P Marra 1 X 0 0 0 M Joan McCarthy 1 X 0 0 0 Barbara Miller 1 X 0 0 0 Samuel H Miller 1 X 0 0 0 Geoffrey Ritts 1 X 0 0 0 Chris Ronayne 1 X 0 0 0 Michael Shaughnessy 1 X 0 0 0 Brooke Spectorsky 1 X 0 0 0 Sr Mary Frances Taymans SND EdD 1 X 0 0 0 Sr Beth Anne Tercek SND 1 X 0 0 0 Margaret Wong 1 X 0 0 0 May L Wykle PhD Rn FAAN 1 X 0 0 0 Andrew P Roth 40 X X 306494 0 22895 John Phillips 40 X 103594 0 58974 Dave Armstrong 40 X 100221 0 4645 Karen Poelking 40 X 76708 0 17275 Mary Breckenridge 40 X 104734 0 4549 Myrtle Muntz 40 X 75000 0 270 Rob Davis 40 X 105314 0 21690 872065 0 130298 5 0 1 0 Normandy Catering 30310 Palisades Parkway Wickliffe OH 44092 Food Service 2132090 The Learning House Incorporated 333 Guthrie Street Louisville KY 40202 Online Course Management 629575 All For You Janitorial Incorporated 4405 Florida Street Perry OH 44081 Janitorial Services 408400 Adventures in Automation LLC 7515 Avon Lane Chesterland OH 44026 IT Services 378751 Jenzabar Incorporated 101 Huntington Avenue Suite 2200 Boston MA 02199 IT Services 213150 12 0 0 158717 0 151740 2161240 15492 2471697 Tuition & Fees 900099 37031527 37031527 0 0 Auxiliary Operations 900099 5610641 5610641 0 0 0 0 0 0 42642168 152180 0 0 152180 0 0 0 0 0 0 0 0 51734 0 0 0 51734 0 51734 0 0 51734 6366112 0 6155137 0 210975 0 210975 0 0 210975 83153 158717 65628 17525 0 17525 Miscellaneous Revenue 900099 46266 46266 0 0 0 0 0 0 46266 45592545 42688434 0 432414 0 16111501 16111501 0 0 0 0 828653 107991 490793 229869 0 0 0 0 11248655 10322986 514362 411307 131934 114902 10425 6607 1442888 1231657 161967 49264 893892 778492 70634 44766 0 0 0 8161 0 8161 0 43450 0 43450 0 0 0 0 34985 34985 652799 601689 10835 40275 840055 744365 6841 88849 1700164 1521578 57948 120638 1037941 952006 62372 23563 0 0 0 0 1879932 1747047 115888 16997 1033776 986391 31539 15846 183417 115530 42915 24972 1073879 1061295 8809 3775 0 0 0 0 1844498 1725734 75284 43480 139512 31731 107781 0 Contract Services 3186809 3081414 83355 22040 Bad Debt Expense 512500 512500 0 0 Dues and Memberships 122625 100887 18214 3524 Maintenance Equipment 114567 109425 2203 2939 598562 511723 56923 29916 45665155 42470844 2015684 1178627 1255 1450 2326878 2452912 320947 1070717 893700 1238183 0 0 0 0 0 0 0 0 522174 526876 53520197 23304761 28926312 30215436 7567690 6395582 0 0 260238 280890 0 0 145385 139487 40964579 42321533 1245626 989672 0 725940 808944 19895000 19790000 0 0 0 0 121725 2281189 0 0 3190931 6562438 25179222 30432243 X 7667901 5761877 2114432 1814194 6003024 4313219 15785357 11889290 40964579 42321533 X -72610 -3823457 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7567690 83308 12399 1200000 67815 0 6395582 6611610 60577 1179986 250000 0 34483 7567690 6186305 104807 706702 250000 136204 0 6611610 7689424 40835 -1223142 250000 70812 0 6186305 0.34 0.66 0 0 0 0 4000000 4000000 0 37368727 14240727 23128000 0 36359 13554 22805 0 9394736 7926973 1467763 0 2720375 1123507 1596868 30215436 0 Life Income Annuity Obligations 17802 Fair Value of Interest Rate Swap 5795498 Capital Lease Obligations 357310 Refundable Loan Program 391828 6562438 45592545 45665155 -72610 -313377 0 0 0 -3510080 -3823457 -3896067 25110102 -313377 0 0 -3510080 -3823457 28933559 34985 16624001 16658986 45592545 29006169 0 0 0 0 0 29006169 34985 16624001 16658986 45665155 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment is used primarily to fund scholarships. Spending of the College's endowment funds is appropriated on an annual basis through specific committees of the Board of Trustees and then approved by the Board. The College's endowment spending policy is 5% of a three year moving market value average of its endowment funds. During the year, the College appropriated $1,556,153 for scholarships. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College is a non-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities. The College recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the College, the continued tax-exempt status of bonds issued by the College and various positions related to potential sources of unrelated taxable income. The College believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in fair value of interest rate swap equals -$3,502,421. Change in value of beneficial interest in unitrust and life income annuities equals -$7,659. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in fair value of interest rate swap equals-$3,502,421, Change in value of beneficial interest in unitrust and life income annuities equals -$7,659 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships to students which was netted with revenue on audited financial statements equals $16,111,501. Bad debt expense which was netted with revenue on audited financial statements equals $512,500. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships to students which was netted with revenue on audited financial statements equals $16,111,501. Bad debt expense which was netted with revenue on audited financial statements equals $512,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Notre Dame College annually publishes a notice of its racially non-discriminatory policy in the newspaper which serves the general community. Notre Dame College has been recognized by U.S. News & World Report as one of the most diverse comprehensive colleges in Ohio. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Notre Dame College receives federal assistance through the following programs: the U.S. Department of Education Federal Pell Grant Program, the Federal Supplemental Education Opportunity Grant Program, the Federal Work Study Program, the Federal Perkins Loan Program, the Federal Teach Grant Program, and the Direct Loan Program. 2012 Medal Dinner 128900 84174 44726 0 0 0 24845 0 2729 Golf Outing 74940 55085 19855 0 0 0 14947 252 4656 2 38030 19458 18572 0 2439 0 15268 0 492 241870 158717 83153 0 2439 0 55060 252 7877 65628 17525 1 Scholarships for students attending Notre Dame College. 1396 16111501 0 not applicable not applicable SchI_P01_S00_L02 Schedule I, Part I, Line 2 The college's financial aid, development, and business offices together are responsible for monitoring the use of grant funds. Three different offices are involved in this process for adequate checks and balances. The financial aid office verifies student eligibility for grants and awards the grant funds. The development office closely monitors the restrictions places on the grant funds from third parties. The development office ensures that the grantees selected by the financial aid office fulfill throughout the semester the restrictions on these grants. The development office uses internal reports provided by the financial aid office to assist with this process. These internal reports provide basic data on student eligibility, such as major, GPA, and extracurricular activities. The development office reports back to the appropriate grantors concerning the use of the grant funds. The business office posts the disbursement of the grant funds to the general ledger upon receiving confirmation from the financial aid and development offices. All grant information is kept on a secure database. This database includes the names of the students receiving grants, the amounts of the grants, the criteria used to award grants, and the applicable semester and academic year. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Andrew P Roth 241352 0 0 0 65142 0 12454 0 13981 0 332929 0 0 John Phillips 103594 0 0 0 0 0 0 0 59114 0 162708 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The College provides nontaxable reimbursement of spousal travel expenses and social membership and related reasonable entertainment expenses in connection with the duties of president of the College. The College requires substantiation of the business purpose prior to reimbursement. The College provides a taxable housing allowance and a taxable automobile allowance for the college president, which are reported as compensation on the president's W-2. The College provides a personal residence for the Vice President of Academic Affairs. This nontaxable benefit is required as a condition of employment, is located on the business premises of the College, and is given for the convenience of the employer. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 Bonuses were provided to several employees with the amounts determined by Dr. Roth, the president of the College. Ohio Higher Educational Facility Commission 346849674 67756BWS5 2008-08-21 20000000 See Part V 0 0 0 210000 0 20000000 845586 889723 3372295 398597 0 0 14493799 0 0 2009 1 0 1 1 0 0 1 1 0 0.02 0 0.02 1 0 1 1 Banc of America Securities 30 0 0 0 0 1 SchK_P01_S00_L00 Schedule K, Part I The twelve month period for the bond issue is July 2011 through June 2012. SchK_P01_S00_L00f Schedule K, Part I, Column f Bond proceeds were used for the following purposes: Constructing, equipping, furnishing and otherwise improving two new student housing facilities; Renovations and improvements to the existing campus dining hall; Construction of parking facilities; Infrastructure and various building improvements; Funding of a portion of construction period interest; Funding of reserve fund; and Costs of issuing the bonds. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The members of the Corporation are the Provincial Superior of the Congregation of the Sisters of Notre Dame, Chardon Province, Cleveland, Ohio, and the Council to the Provincial Superior. See the explanation for question 7b for the powers reserved to the Members. All other powers and authority for the conduct and management of the affairs of the College are delegated and transferred to the Board of Trustees. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The members of the Corporation are the Provincial Superior of the Congregation of the Sisters of Notre Dame, Chardon Province, Cleveland, Ohio, and the Council to the Provincial Superior. Approval of the members is required: a. To make any changes in the mission of the College Corporation as defined by the Sisters of Notre Dame. b. To sell, mortgage, purchase, lease, or convey or otherwise dispose of the Corporation's personal property (having a value in excess of $100,000) and all of the corporation's real property. c. To amend the Articles of Incorporation and to change the Bylaws. d. To make loans exceeding $500,000 in the aggregate at any one time. e. To approve the selection of candidates to be interviewed for the office of president of the College, following the presentation of the names and curriculum vitae of such proposed candidates for the office. Each member of the Corporation has one vote with a quorum being one less than the total number of members. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is internally prepared under the Vice President of Finance and Administration with review by the President of the College. A detailed review is conducted by the outside tax professional from the audit firm of the College. Following this review, the 990 is emailed to the audit committee of the board to complete a review of the 990. This review typically takes place in May. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers the trustees, officers, and other key employees. The trustees, officers, and key employees complete a statement once a year to disclose any potential conflicts of interest. Any potential conflicts of interest are reviewed by the executive committee of the board or the president of the College. The College president or board shall determine whether a conflict of interest exists and, if so, authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect Notre Dame College's best interests. An individual with a conflict of interest is prohibited from voting on any matter that deals with the conflict and from participating in any decisions that relate to the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation package for the president of the College is a multi-year contract consisting of three 3 year terms. The contract is established based on comparability data of presidents at similarly sized colleges and review by the executive committee of the board of trustees. This process was last undertaken in 2007 with a contract expiration date of the first three year term of June 30, 2010. The compensation of other officers of the College is established by the president annually with review by the board as part of the annual budget process. As a small college with limited resources, the compensation level of other officers do not rise to a level to necessitate comparability data. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 No documents available to the public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized loss on investments equals negative $313,377; Change in value of beneficial interest in unitrust and life income annuities equals negative $7,659; Change in the fair value of the interest rate swap equals negative $3,502,421.