2013-12-15T10:39:52-06:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2012-07-01 390806325 CARROLL UNIVERSITY INC CARR 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 RONALD LOSTETTER 2625247200 2013-12-15 1 TROY E MARINE CPA P00187863 4147775500 2013-12-15 2012 2016-02-25 16:41:14Z DOUGLAS HASTAD 100 N EAST AVENUE WAUKESHA WI 53186 150129269 0 X WWW.CARROLLU.EDU X 1846 WI CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 26 25 3201 25 347229 -146663 10862277 5590290 92075924 95685765 2622330 4321459 340925 66930 105901456 105664444 31310177 32126006 0 0 1399199 1606956 105554 120434 1398500 55990340 60112844 88805270 93966240 17096186 11698204 146910067 160393389 21963364 21098332 124946703 139295057 X CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 1 0 26962200 80739622 INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM. 56282304 32126006 14946143 AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS DORMITORY CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION. 6921198 INSTITUTIONAL SUPPORT - SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION. 90165702 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 85 0 3201 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO IL KY LA ME MD MA MI NV NH ND NY OR WA WI DC MS OH SD SC IA X RONALD LOSTETTER 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 ALICE J MORAVA 1.00 X 0 0 0 ANTHONY BRYANT 1.00 X 0 0 0 CHARMAINE PONKRATZ 1.00 X 0 0 0 CINDY MAYORAS 1.00 X 0 0 0 DEBORAH BLOCK 1.00 X 0 0 0 DENNIS PUNCHES 1.00 X 0 0 0 E JOHN RAASCH 1.00 X 0 0 0 GUY DISPIGNO 1.00 X 0 0 0 JACK LOPPNOW 1.00 X 0 0 0 JAMES DEJONG 1.00 X 0 0 0 JAMES SCHNEIDER 1.00 X 0 0 0 JOANNE BRANDES 1.00 X 0 0 0 JOSE OLIVIERI 1.00 X 0 0 0 MARNA TESS-MATTNER 1.00 X 0 0 0 PERSHING E MACALLISTER 1.00 X 0 0 0 RUSSELL HARLAND 1.00 X 0 0 0 TED BAKER 1.00 X 0 0 0 TERRY M MURPHY 1.00 X 0 0 0 TIMOTHY HANDO 1.00 X 0 0 0 TIMOTHY SULLIVAN 1.00 X 0 0 0 TY TAYLOR 1.00 X 0 0 0 DORVAL CARTER 1.00 X 0 0 0 LYNDA JOHNSON 1.00 X 0 0 0 RENEE RAMIREZ 1.00 X 0 0 0 HOWARD FULLER 1.00 X 0 0 0 DOUGLAS HASTAD 40.00 X 397369 0 80132 JAMES V WISEMAN III 40.00 X 198042 0 30126 JOANNE PASSARO 40.00 X 273096 0 46470 RONALD LOSTETTER 40.00 X 276071 0 61145 STEPHEN KUHN 40.00 X 205156 0 39349 GERALD ISAACS 40.00 X 119514 0 16226 DEBRA JENKINS 40.00 X 145166 0 28194 GREGORY KUHLEMEYER 40.00 X 126937 0 12113 JANE HOPP 40.00 X 137610 0 14367 THERESA BARRY 40.00 X 142328 0 29346 2021289 0 357468 14 0 1 0 TIME WARNER CABLE 1610 N 2ND STREET PO BOX 3237 MILWAUKEE WI 532013237 CABLE 146060 1 62371 1336646 4191273 64395 5590290 TUITION AND FEES 900099 80739622 80739622 AUXILIARY ENTERPRISES 611710 14946143 14946143 95685765 2243138 2243138 46508229 44429908 2078321 2078321 2078321 22720 62371 34917 -12197 -12197 SUMMER CONFERENCES 721000 347229 347229 OTHER INCOME 900099 -268102 -268102 79127 105664444 95685765 347229 4041160 32126006 32126006 1606956 1415273 191683 120434 120434 3506728 2878409 628319 INSTRUCTION 18087278 18087278 AUXILIARY ENTERPRISES 13317737 13317737 STUDENT SERVICES 9350995 9350995 INSTITUTIONAL SUPPORT 8007581 6921198 1086383 7842525 7484079 358446 93966240 90165702 2402038 1398500 1289815 1375007 5785569 5250810 2916592 3046742 3857132 3825671 1091265 1157796 113207562 53964245 57752318 59243317 73422671 85738028 794705 756018 146910067 160393389 3074180 3396844 792005 752912 10789222 9646383 7307957 7302193 21963364 21098332 X 59433444 68288634 30784175 35546284 34729084 35460139 124946703 139295057 146910067 160393389 X 11698204 2713574 -63424 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41570137 577484 5505951 1389716 46263856 41922315 454296 419651 1226125 41570137 32697229 2792396 6432690 41922315 28642168 1197554 2857507 32697229 39757097 663233 -11196575 581587 28642168 0.74000 0.26000 1 0 5968918 5968918 70145006 29425666 40719340 6022591 2859454 3163137 19988584 13443347 6545237 11082463 8235778 2846685 59243317 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 1128110 DEFERRED COMPENSATION 728441 ASSET RETIREMENT OBLIGATION 2784259 U.S. GOVERNMENT GRANTS REFUNDABLE 2553139 OTHER LIABILITIES 108244 7302193 X 76820155 2713574 -63424 2650150 74170005 31494439 31494439 105664444 62471801 631567 631567 61840234 32126006 32126006 93966240 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT ACADEMIC PROGRAMS AND SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS -63,424. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSE -34,917. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 32,126,006. EXCESS WITHDRAWALS OVER INCOME EARNED -596,650. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSE 34,917. EXCESS WITHDRAWALS OVER INCOME EARNED 596,650. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 32,126,006. 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 THE FOLLOWING WAS PUBLISHED IN THE STUDENT HANDBOOK AND BROCHURES USED FOR THE RECRUITMENT OF STUDENTS "CARROLL UNIVERSITY DOES NOT DISCRIMINATE IN ANY MANNER CONTRARY TO LAW OR JUSTICE ON THE BASIS OF RACE, COLOR, SEX, AGE, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY OR VETERANS STATUS IN ADMINISTRATION OF ITS EDUCATIONAL, ADMISSION, FINANCIAL AID, ATHLETIC, OR OTHER UNIVERSITY POLICIES AND PROGRAMS NOR IN THE EMPLOYMENT OF ITS FACULTY AND STAFF" EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID AT CARROLL UNIVERSITY, INC. IS AVAILABLE TO STUDENTS WHO ARE DEGREE CANDIDATES, FOLLOWING GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE U.S. DEPARTMENT OF EDUCATION AND THE WISCONSIN HIGHER EDUCATIONAL BOARD. THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION AND HEALTH AND HUMAN SERVICES AND THE WISCONSIN HIGHER EDUCATION AIDS BOARD: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, TEACH GRANT, FEDERAL PERKINS LOAN PROGRAM, FEDERAL COLLEGE WORK STUDY PROGRAM, FEDERAL STAFFORD LOANS, PARENTS' LOAN PROGRAM, NATIONAL SCIENCE FOUNDATION, WISCONSIN TUITION GRANT, WISCONSIN TIP GRANT, WISCONSIN MINORITY GRANT, WISCONSIN HANDICAP GRANT, WISCONSIN INDIAN GRANT, WISCONSIN ACADEMIC EXCELLENCE SCHOLARSHIP, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTIONS, AND HEALTH RESOURCES SCHOLARSHIPS. X X 0 SNAVELY ASSOCIATES PO BOX 1139 STATE COLLEGE PA 168041139 MARKETING AND COMMUNICATION MATERIALS CONSULTING 0 0 0 51048 GONSER GERBER TINKER STUHR LLP 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 ADVICE & CONSULTING REGARDING SOLICITATIONS OF CONTRIBUTIONS 0 0 0 69386 120434 WINE & BEER TASTING EVENT 4583 2213 2370 4340 PIONEER GOLF CLASSIC 80508 60158 20350 30577 85091 62371 22720 34917 34917 -12197 1 SCHOLARSHIPS 3008 32126006 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAINTAINS A POLICY AND PROCEDURES MANUAL WHICH OUTLINES THE ORGANIZATION'S POLICY ON AWARDING FEDERAL, STATE, AND INSTITUTIONAL ASSISTANCE TO STUDENTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS HASTAD 377705 0 0 0 19664 0 45000 0 35132 0 477501 0 0 0 JAMES V WISEMAN III 197137 0 0 0 905 0 10000 0 20126 0 228168 0 0 0 JOANNE PASSARO 269490 0 0 0 3606 0 20000 0 26470 0 319566 0 0 0 RONALD LOSTETTER 271684 0 0 0 4387 0 30000 0 31145 0 337216 0 0 0 STEPHEN KUHN 192640 0 0 0 12516 0 10000 0 29349 0 244505 0 0 0 DEBRA JENKINS 143302 0 0 0 1864 0 0 0 28194 0 173360 0 0 0 JANE HOPP 137166 0 0 0 444 0 0 0 14367 0 151977 0 0 0 THERESA BARRY 140643 0 0 0 1685 0 10000 0 19346 0 171674 0 0 0 A BANK OF NEW YORK 953571558 97710VE46 2006-05-03 6326043 BUILDING IMPROVEMENT 0 0 0 A 6326043 493779 126521 6305000 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 A 1 DISCLOSURE SUBJECT TO FERPA LAWS 25899 SCHOLARSHIP FINANCIAL AID BENECO INC STEVE MILLER IS PRESIDENT OF BENECO, INC. & FORMER TRUSTEE OF ORGANIZATION CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH BENECO, INC. DURING THE YEAR ENDED JUNE 30, 2013 TO CONSULT THE UNIVERSITY ON INSURANCE PLAN ARRANGEMENTS. STEVE MILLER, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, SERVES AS PRESIDENT OF BENECO, INC.. BENECO, INC. RECEIVES COMMISSIONS FROM INSURANCE VENDORS BASED ON CARROLL UNIVERSITY'S INSURANCE CONTRACT CHOICES. CARROLL UNIVERSITY DOES NOT PAY ANY COMMISSIONS DIRECTLY TO BENECO, INC. 0 QUADGRAPHICS THOMAS QUADRACCI IS CEO OF QUADRAPHICS & FORMER TRUSTEE OF ORGANIZATION DURING THE YEAR ENDED JUNE 30, 2013, CARROLL UNIVERSITY CONTRACTED WITH QUADGRAPHICS TO PRINT COURSE CATALOGS AND OTHER MATERIALS FOR THE UNIVERSITY. THOMAS QUADRACCI, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS CHAIRMAN AND CEO OF QUADGRAPHICS. THE PURCHASE OF PRINTED MATERIALS FROM QUADGRAPHICS WAS CONDUCTED IN AN ARMS LENGTH TRANSACTION. 0 WAUKESHA STATE BANK TY TAYLOR IS PRESIDENT OF WAUKESHA STATE BANK & A TRUSTEE OF THE ORG DURING THE YEAR ENDED JUNE 30, 2013, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH WAUKESHA STATE BANK. TY TAYLOR, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS PRESIDENT OF WAUKESHA STATE BANK. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LENGTH TRANSACTION. 0 FIRST BUSINESS BANK DAVID VETTA IS PRES/CEO OF FIRST BUSINESS BANK & FORMER TRUSTEE OF THE ORG DURING THE YEAR ENDED JUNE 30, 2013, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH FIRST BUSINESS BANK. DAVID J. VETTA, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS PRESIDENT AND CEO AT FIRST BUSINESS BANK. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LENGTH TRANSACTION. 0 MICHAEL BEST & FRIEDRICH LLP JOSE OLIVIERI IS A PARTNER AT MICHAEL BEST & A TRUSTEE OF THE ORGANIZATION 25000 DURING THE YEAR ENDING JUNE 30, 2013, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH MICHAEL BEST & FRIEDRICH LLP. JOSE OLIVIERI, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS A PARTNER AT MICHAEL BEST & FRIEDRICH LLP. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LENGTH TRANSACTION. 0 BRANDES LAKE LEADERSHIP LLC JOANNE BRANDES IS PRESIDENT OF BRANDES LAKE & A TRUSTEE OF THE ORGANIZATION DURING THE YEAR ENDING JUNE 30, 2013, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH BRANDES LAKE LEADERSHIP LLC. JOANNE BRANDES, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS CO-PRESIDENT OF BRANDES LAKE LEADERSHIP LLC. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LENGTH TRANSACTION. 0 X 11 5435 FMV X 5 64395 FMV X TICKETS 1 320 FMV X CATERING 3 311 FMV X FURNITURE 2 1275 FMV 0 1 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 CARROLL UNIVERSITY OFFERED TWO NEW UNDERGRADUATE PROGRAMS FOR THE 12/13 ACADEMIC YEAR: PROFESSIONAL WRITING AND COMPUTATIONAL SCIENCE. FORM 990, PART VI, SECTION B, LINE 11 CARROLL UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT AND REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. A DRAFT OF THE FULL DISCLOSURE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES AUDIT COMMITTEE FOR REVIEW AND THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF CARROLL UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE PRESIDENT COLLECTS CONFLICT OF INTEREST DISCLOSURES ANNUALLY, CONFLICTS DISCLOSED ARE DISCUSSED WITH FINANCIAL OFFICERS AND, IF REQUIRED, TRUSTEES. IN ALL CASES, A PERSON WITH A CONFLICT IS EXCUSED FROM ANY DECISION RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF CARROLL UNIVERSITY, INC. ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE UNIVERSITY'S COMPENSATION PLAN. SPECIFIC DUTIES OF THE COMMITTEE INCLUDE THE RESPONSIBILITY TO: (A)REQUEST AND REVIEW, ON AT LEAST AN ANNUAL BASIS, THE COMPENSATION POLICIES FOR THE UNIVERSITY, INCLUDING ALL PERTINENT AND CURRENT COMPENSATION STUDIES, FORECASTS AND STATISTICS TO ENSURE THAT COMPENSATION IS NOT ONLY REASONABLE, BUT ALSO APPROPRIATE AND COMPETITIVE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL, INCLUDING THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER MEMBERS OF THE BOARD, FACULTY, STAFF, STUDENTS, ALUMNI AND COMMUNITY MEMBERS. AN ANNUAL REPORT REGARDING THIS REVIEW SHALL BE PRESENTED TO THE FULL BOARD. (B)RECOMMEND TO THE BOARD, FOR APPROVAL, COMPENSATION CHANGES FOR THE PRESIDENT AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. DURING SUCH DELIBERATIONS, THE PRESIDENT AND OTHER KEY EMPLOYEES SHALL NOT BE PRESENT WHEN DISCUSSED. (C)OVERSEE THE DEVELOPMENT WHEN APPROPRIATE, THE EXECUTIVE AGREEMENT FOR THE PRESIDENT OF THE UNIVERSITY. (D)PERFORM ANY/ALL OTHER ACTIVITIES, AS REQUESTED BY THE BOARD THAT RELATE TO THE OVERSIGHT OF COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS -63,424.