2013-08-08T10:02:20-05:00 2012-09-30 861065772 Deloitte Tax LLP 250 East Fifth Street Suite 1900 Cincinnati OH 45202 990 2011-10-01 061331677 St Vincent's College STVI 2035765578 2800 Main Street Bridgeport CT 06606 John C Gleckler 2035765578 2013-08-07 1 Matthew Montgomery P00492843 5137847100 2011 2016-02-24 21:20:13Z Martha K Shouldis EdD 2800 Main Street Bridgeport CT 06606 9602007 0 X stvincentscollege.edu X 1991 CT To provide education in nursing and allied health and the liberal arts and sciences. 21 17 126 17 0 0 1744294 1671853 5989606 7304438 404478 581777 0 43939 8138378 9602007 870034 980165 0 0 4724635 4973801 0 0 0 1269234 1305524 6863903 7259490 1274475 2342517 12870337 16883862 3776884 4955931 9093453 11927931 St. Vincent's College is a community-based college, faithful to the teachings of the Catholic Church, providing education in nursing and allied health and the liberal arts and sciences. 0 0 5984333 980165 7304438 St. Vincent's College is an institution of higher learning that offers associate degrees in nursing, radiography, medical assisting, and general studies, and baccalaureate completion programs in nursing and radiologic sciences, as well as certificate programs in hospital coding, health care reimbursement specialist, medical assisting, medical office assisting, nurse refresher, multi-skilled assistant, central sterile processing technician, health care management, health promotion, and pharmacy technician. 5984333 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 27 0 1 126 1 0 0 0 0 0 0 0 0 0 0 0 X 21 17 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X John C Gleckler 2035766000 2800 Main Street Bridgeport CT 06606 Marianne Laska 1.00 X 0 0 0 Martin Sbriglio 1.00 X 0 0 0 Chad Stewart CFP 1.00 X 0 0 0 Susan E Abbe PhD RN 1.00 X 0 0 0 Christina Bodine 1.00 X 0 0 0 Sr Marie Burns DC 1.00 X 0 0 0 Patrick Colangelo 1.00 X 0 0 0 Sr Clarisse Correia DC 1.00 X 0 0 0 Susan L Davis RN EdD 40.00 X X 0 1437521 39988 Michael V Herman MD 1.00 X 0 124537 53675 John Lawrence MD FACP 1.00 X 0 0 0 Lily Lopez 1.00 X 0 0 0 Timothy Lynch 1.00 X 0 0 0 Michael Maccarone 1.00 X 0 0 0 Theresa Madonna JD ScD 1.00 X 0 0 0 Stuart Marcus MD 1.00 X 0 801840 36434 Sheila O'Brien 1.00 X 0 0 0 Frances Rabinowitz 1.00 X 0 0 0 Joan Roach 1.00 X 0 0 0 Donald Saltzman 1.00 X 0 0 0 Martha K Shouldis EdD 40.00 X X 217702 0 26527 Christopher Given 40.00 X 0 192547 25348 John Gleckler 40.00 X 0 517082 65872 Susan Capasso 40.00 X 210121 0 66293 Joanne Wolfertz 40.00 X 133467 0 63934 Robert Block 0.00 X 0 109262 14248 561290 3182789 392319 3 1 1 0 Akademos Inc 200 Connecticut Avenue Suite 3C Norwalk CT 06854 Student Insurance 162462 1 1003543 668310 1671853 Tuition and Fees 611600 7304438 7304438 7304438 581777 581777 Pension Curtlmnt Gain 900099 43939 43939 43939 9602007 7304438 0 625716 980165 980165 283261 283261 3755247 3327462 427785 41634 41634 604956 480003 124953 288703 241237 47466 5774 5774 66408 15204 51204 347 347 72482 33285 39197 146411 91147 55264 232675 143798 88877 361121 331163 29958 43733 41985 1748 3956 3956 30507 15267 15240 47174 47174 4049 4049 Corporate Allocations 178200 120858 57342 Dues and Memberships 51569 23603 27966 Student Activities 19491 19491 Purchased Svcs-Medical 18470 18470 23157 12387 10770 7259490 5984333 1275157 0 43030 236419 1036527 1734460 536392 1530591 71424 79592 111418 215083 963802 758980 195821 204822 8668 7084 10867057 12875811 12870337 16883862 559980 925939 2210504 2826572 1006400 1203420 3776884 4955931 X 5943269 7993420 1415791 2199184 1734393 1735327 9093453 11927931 12870337 16883862 X 2342517 491961 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 347 347 0 Part IV, Supplemental Information: Part II-B, Line 1(i), Other Lobbying Activities: Lobbying expenses represent that portion of dues paid to the Connecticut Conference of Independent Colleges (CCIC), the National League for Nursing, and the New England Association of Schools and Colleges (NEASC) that are specifically allocable to lobbying. St. Vincent's College does not participate in or intervene in (including the publishing or distribution of statements) any political campaign on behalf of (or in opposition to) any candidate for public office. 2129778 934 259963 123404 48453 2218818 2361553 2248 7626 209330 32319 2129778 2193946 29608 240398 102499 -100 2361553 2318114 11000 -71794 60852 2522 2193946 0.78000 0.22000 0 1 1 208694 111509 97185 508988 471520 37468 246120 175951 70169 204822 Interest in Investments Held by Ascension Health Alliance 8689282 Investment Held by St. Vincent's Foundation 4151929 Due from St. Vincent's Foundation 34600 12875811 Accrued Post Retirement 137891 Accrued Pension 549881 Refunds Payable 440692 Due to Affiliates 52527 Defined Contribution Liability 16956 Unclaimed Property Refunds 5473 1203420 9602007 7259490 2342517 80284 411677 491961 2834478 8692802 80284 34615 114899 8577903 1024104 1024104 9602007 6279325 0 6279325 980165 980165 7259490 Description of Intended Use of Endowment Funds: Part V, Line 4: The income from the majority of the endowment funds is to be used for scholarships for students attending St. Vincent's College. Endowments for other purposes are as follows: Income from the Russo Family Endowment is to be used for the ongoing educational development of the faculty members of St. Vincent's College. Income from the Carmen Tortora Family Endowment is to be used to support nursing and allied health educational programs. Income from the North Bridgeport Lions Club Endowment pertaining to St. Vincent's College is to be used for the needs of St. Vincent's College. Income from the St. Vincent's Nursing Alumni General Endowment Fund is to be used to assist with the cost of certain expenses related to the annual Alumni Day. Income from the St. Vincent's Nursing Alumni Hardship Endowment Fund is available to provide assistance to St. Vincent's Nursing Alumni who demonstrate a need. Income from the Student Revolving Loan Fund is to be used for nursing student revolving loans. Income from the Francini Endowment is to be used for nursing education including nursing symposiums and workshops. Description of Uncertain Tax Positions Under FIN 48: Part X: The following ASC 740 footnote is included in the Audited Financial Statements of St. Vincent's College, Inc.: The College is a tax-exempt organization under Internal Revenue Code Section 501(c)(3) and its related income is exempt from federal income tax under Section 501(a). The College accounts for uncertainty in income tax positions by applying a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management has analyzed the tax positions taken and has concluded that as of September 30, 2012, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The College is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the College is no longer subject to income tax examinations prior to 2009. Part XI, Line 8 - Other Adjustments: Change in Assets held by St. Vincent's Foundation: 773,627. Health System Initiative Adjustments: -72,700. Other Post Retirement Liability Adjustments: -323,865. Revolving Loan Adjustment: 34,615. Total to Schedule D, Part XI, Line 8: 411,677. Part XII, Line 2d - Other Adjustments: Revolving Loan 34,615. Part XII, Line 4b - Other Adjustments: Grants 980,165. Pension Curtailment Gain 43,939. Part XIII, Line 4b - Other Adjustments: Grants 980,165. 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 St. Vincent's College publishes its racially nondiscriminatory policy in its academic catalog. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 St. Vincent's College receives financial assistance from the U.S. Department of Education. 1 Pell Grant 223 627310 College Work Study Grant 10 19145 SEOG Grant 61 21855 Scholarship Funds held by St. Vincent's Foundation 291 311855 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College awards institutional grants and scholarships to enrolled students. Students file a FAFSA form to be considered for a grant award. The majority of the grant awards are need-based as defined by Federal Formula. Scholarships are awarded according to donor specifications. 1 1 0 0 0 0 0 0 0 Susan L Davis RN EdD 0 684061 0 705042 0 48418 0 14184 0 25804 0 1477509 0 0 Michael V Herman MD 0 124157 0 0 0 380 0 52884 0 791 0 178212 0 0 Stuart Marcus MD 0 512323 0 288309 0 1208 0 9800 0 26634 0 838274 0 0 Martha K Shouldis EdD 181255 0 28647 0 7800 0 7515 0 19012 0 244229 0 0 0 Christopher Given 0 179379 0 7191 0 5977 0 6628 0 18720 0 217895 0 0 John Gleckler 0 355295 0 146378 0 15409 0 37221 0 28651 0 582954 0 0 Susan Capasso 197634 0 8518 0 3969 0 46865 0 19428 0 276414 0 0 0 Joanne Wolfertz 122871 0 6262 0 4334 0 45947 0 17987 0 197401 0 0 0 Robert Block 0 28705 0 0 0 80557 0 623 0 13625 0 123510 0 0 Supplemental Information Part III Part I, Line 3: The President/CEO compensation, along with the compensation of all other executives of the Health System, is established annually by the St. Vincent's Health Services Executive Compensation Committee (the Compensation Committee). The Compensation Committee uses an external national firm for an independent compensation comparison based on well recognized and established guidelines. Recommended compensation is discussed and approved by the Compensation Committee and is sent to the College Board for final approval. Supplemental Information Part III Part I, Line 4a: Robert Block, a St. Vincent's Medical Center Vice President of Finance, was assigned as the Chief Financial Officer for St. Vincent's College. During calendar 2011, Mr. Block was paid severance of $62,308, none of which was allocated to St. Vincent's College. Supplemental Information Part III Part I, Line 4b: Susan L. Davis participates in a 457(f) plan. During calendar year 2011, Dr. Davis did not receive any elective deferred compensation under the plan. Supplemental Information Part III Part II: Compensation for Susan L. Davis is paid by St. Vincent's Medical Center on behalf of St. Vincent's Health Services, Inc., and all of its related organizations, including St. Vincent's College. The compensation Dr. Davis receives is for her role as the President/CEO of St. Vincent's Health Services and as an Ascension Ministry Market Leader for the NY/CT market, which includes four other health systems. In July 2012, Dr. Davis assumed additional responsibilities as the Ministry Market Leader for the entire Florida and Alabama market area. A portion of Dr. Davis' compensation and benefits are allocated to that market. None of Dr. Davis's compensation is allocated to St. Vincent's College, nor is there any compensation for her role as a Board member of St. Vincent's College. Compensation for Stuart Marcus, M.D. is paid by St. Vincent's Medical Center, a related organization of St. Vincent's College. The compensation Dr. Marcus receives is for his role as President of St. Vincent's Medical Center. None of Dr. Marcus' compensation is allocated to St. Vincent's College, nor is there any compensation for his role as a Board member of St. Vincent's College. Compensation for Michael V. Herman, M.D. is paid by St. Vincent's Multispecialty Group, Inc., a related organization of St. Vincent's College. The compensation Dr. Herman receives is for his role as President/CEO of St. Vincent's Multispecialty Group, Inc. None of Dr. Herman's compensation is allocated to St. Vincent's College, nor is there any compensation for his role as a Board member of St. Vincent's College. Supplemental Information Part III Compensation for John Gleckler is paid by St. Vincent's Medical Center on behalf of St. Vincent's Health Services, Inc., and all of its related organizations, including St. Vincent's College. The compensation Mr. Gleckler receives is for his role as the Senior Vice President and Chief Financial Officer of St. Vincent's Health Services. None of Mr. Gleckler's compensation is allocated to St. Vincent's College. Compensation for Christopher Given is paid by St. Vincent's Medical Center, a related organization of St. Vincent's College. The compensation Mr. Given receives is for his services as CFO of St. Vincent's College and for services he provides to other related organizations of St. Vincent's Medical Center. A portion of Mr. Given's compensation is charged back to St. Vincent's College as a management fee. Supplemental Information Part III Compensation for Robert Block was paid by St. Vincent's Medical Center, a related organization of St. Vincent's College. The compensation Robert Block received was for his services as CFO of St. Vincent's College and for services he provided to other related organizations of St. Vincent's Medical Center. Robert Block left employment in March 2011. Prior to this time, a portion of Mr. Block's compensation was charged back to St. Vincent's College as a management fee. After this time, none of Mr. Block's compensation was charged back to St. Vincent's College. Form 990, Part VI, Section A, line 2 The Board of Directors consists of community volunteers, who may interact with each other in the normal course of business (i.e. banker, lawyer, accountant, etc.) unrelated to the activities of the Organization. Form 990, Part VI, Section A, line 6 St. Vincent's College has a single corporate member, St. Vincent's Medical Center. Form 990, Part VI, Section A, line 7a St. Vincent's College has a single corporate member, St. Vincent's Medical Center, who has the ability to elect members to the governing body of St. Vincent's College. Form 990, Part VI, Section A, line 7b All decisions that have a material impact to St. Vincent's College financial information or corporation as a whole are subject to approval by its sole corporate member, St. Vincent's Medical Center. Form 990, Part VI, Section B, line 11 Management, including certain officers, works diligently to complete the Form 990 and attached schedules in a thorough manner. Management presents the Form to the Board, or a designated committee, to review and answer any questions. Prior to filing the return, all Board Members are provided the Form 990 and management team members are available to answer any Board Members' questions. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer, and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. Form 990, Part VI, Section B, line 15 In determining compensation of the organization's top management official, the process performed by St. Vincent's Health Services Corporation, a related organization of St. Vincent's College, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The St. Vincent's Health Services Executive Compensation Committee reviewed and approved the compensation. In the review of the compensation, the top management official was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the minutes. The individual was not present when her compensation was decided. In determining compensation of the organization's officers, the process performed by St. Vincent's Health Services Corporation, a related organization of St. Vincent's College, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The St. Vincent's Health Services Executive Compensation Committee reviewed and approved the compensation. In the review of the compensation, the officers' salaries were compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the minutes. Individuals were not present when their compensation was decided. Form 990, Part VI, Section C, line 19 The organization will provide any documents open to public inspection upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 80,284. Change in Assets held by St. Vincent's Foundation: 773,627. Health System Initiative Adjustments: -72,700. Other Post Retirement Liability Adjustments: -323,865. Revolving Loan Adjustment: 34,615. Total to Form 990, Part XI, Line 5: 491,961. Ascension Health 4600 Edmundson Road St Louis MO 63134 311662309 National Health System MO Section 501(c)(3) Schedule A, Line 11a Ascension Health Alliance 0 St Vincent's Health Services Corporation 2800 Main Street Bridgeport CT 06606 222558134 System Parent CT Section 501(c)(3) Schedule A, Line 11a Ascension Health 0 St Vincent's Medical Center Foundation Inc 2800 Main Street Bridgeport CT 06606 222558132 Fundraising CT Section 501(c)(3) Schedule A, Line 7 St Vincent's Health Services Corporation 1 St Vincent's Special Needs Center Inc 95 Merritt Boulevard Trumbull CT 06611 060702617 Programs for Special Needs Individuals CT Section 501(c)(3) Schedule A, Line 9 St Vincent's Health Services Corporation 1 St Vincent's Development Corporation 95 Merritt Boulevard Trumbull CT 06611 222554128 Real Estate Holdings CT Section 501(c)(25) N/A St Vincent's Health Services Corporation 1 Hall-Brooke Behavioral Health Services Inc 47 Long Lots Road Westport CT 06880 060813283 Behavioral Health Services CT Section 501(c)(3) Schedule A, Line 9 St Vincent's Health Services Corporation 1 St Vincent's Medical Center 2800 Main Street Bridgeport CT 06606 060646886 Hospital CT Section 501(c)(3) Schedule A, Line 3 St Vincent's Health Services Corporation 1 St Vincent's Multispecialty Group Inc 2800 Main Street Bridgeport CT 06606 800458769 Physician Practices CT Section 501(c)(3) Schedule A, Line 11a St Vincent's Medical Center 1 Vincentures Inc 95 Merritt Boulevard Trumbull CT 06611 061211417 Inactive CT N/A C 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 St Vincent's Medical Center Foundation Inc C 353743 Amounts Transferred St Vincent's Medical Center C 649800 Amounts Transferred Ascension Health Q 386212 Amounts Transferred Hall-Brooke Behavioral Health Services Inc O 55200 Amounts Transferred St Vincent's Medical Center O 169005 Amounts Transferred St Vincent's Medical Center P 699721 Amounts Transferred St Vincent's Development Corporation A 22372 Amounts Transferred