2013-04-12T17:44:54-05:00 2012-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2011-06-01 362170999 University of St Francis UNIV 8157403372 500 Wilcox Street Joliet IL 604356188 Elizabeth Laken 8157403372 2013-04-12 1 Zack Fortsch P00052725 3126343400 2011 2016-03-07 17:11:31Z Michael Vinciguerra 500 Wilcox Street Joliet IL 604356188 81499291 0 0928 X www.StFrancis.edu X 1920 IL Higher Learning (Post Secondary Education) 26 25 1290 25 0 0 2892121 1657459 52803786 55619214 725049 258554 972535 861294 57393491 58396521 15619026 16441381 0 0 25308202 26170752 0 0 650566 14458356 14086237 55385584 56698370 2007907 1698151 68945741 68133637 40048893 39580743 28896848 28552894 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. 0 0 39577306 16441381 52708568 Instruction: The Catholic, Franciscan university offers 41 baccalaureate programs including 4 degree completion majors, 18 master's level programs (onsite and online classes), 10 graduate certificates, and 2 doctoral programs. In FY 2012, the University served 1822 degree seeking undergraduate students and 1499 post- baccalaureate degree seeking students. 5011843 45646 Student Services: Financial Aid, Athletics, Student Government Association, career planning and placement, health services, counseling, support for students with disabilities, and Campus Ministry Services. In FY2012, 92% of traditional undergraduate students and 100% of incoming freshmen received some form of financial aid. 375 student athletes participated in baseball, basketball, football, golf, soccer, softball, cheerleading, tennis, volleyball, track, and cross country. 3087261 2910646 Auxiliary Enterprises: Student housing, food services, the campus print shop, mail services, and bookstore are included in auxiliary services. 346 students filled student housing to 86% capacity in 2012. Expanded menus and services were provided this year. Food services are provided to students faculty and staff 16 hours per day. 3784968 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 135,000 books and other paper documents, 15,250 current serial subscriptions, 1,767 microforms, and 4,788 audiovisual materials. As resources move away from printed materials the industry is moving towards electronic resources and subscriptions. The resources at the library assist students in all methods of research. 3784968 51461378 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 1 0 1 0 0 0 0 1 0 0 0 0 1 162 0 1 1290 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Elizabeth Laken 8157403372 500 Wilcox Street Joliet IL 60534 JD Ross 8.00 X X 0 0 0 Kathleen J McGowan 8.00 X X 0 0 0 Robert J Baron 8.00 X 0 0 0 Mark D Bass 8.00 X 0 0 0 Susan Bruno OSF 8.00 X 0 0 0 Jacqueline Edmonson 8.00 X 0 0 0 Robert F Filotto 8.00 X 0 0 0 Chrystel Gavlin 8.00 X 0 0 0 Marisue Grabavoy 8.00 X 0 0 0 Margaret Eletta Guider OSF 8.00 X 0 0 0 Diane F Habiger 8.00 X 0 0 0 Rao H Kilaru MD 8.00 X 0 0 0 Jean Lenz OSF 8.00 X 0 0 0 James B Lewis O Carm 8.00 X 0 0 0 Mary Rose Lieb OSF 8.00 X 0 0 0 John T Manner 8.00 X 0 0 0 Paramjit Singh Sidhu 8.00 X 0 0 0 M Therese Southgate MD 8.00 X 0 0 0 Michael G Spinozzi 8.00 X 0 0 0 Cheryl Stepney 8.00 X 0 0 0 Faith Szambelanczyk OSF 8.00 X 0 0 0 Frank Turk Jr 8.00 X 0 0 0 Christopher J Ward 8.00 X 0 0 0 J Bradley Webb 8.00 X 0 0 0 Patricia S Wheeler 8.00 X 0 0 0 Lawrence A Wyllie 8.00 X 0 0 0 Robert W Wysocki 8.00 X 0 0 0 Mary Jo Young OSF 8.00 X 0 0 0 Michael Vinciguerra 40.00 X 218274 0 31055 Robert Tenutaresigned 11411 40.00 X 113707 0 15667 Elizabeth Laken began 32612 40.00 X 0 0 0 Frank Pascoe 40.00 X 139335 0 25407 Lyle Hicks 40.00 X 129667 0 19642 Laura Grimes 40.00 X 113191 0 17809 Anthony Zordan 40.00 X 129374 0 13280 Carol J Wilson PhD 40.00 X 120576 0 13213 964124 0 136073 17 0 1 0 Sodexo Inc & Affiliates 500 Wilcox Street Joliet IL 604356169 Food Management Services 1424695 RICOH USA Inc PO Box 534777 Atlanta GA 30353 IT Services 322817 CDW Government Inc 75 Remittance Drive Dept 1515 Chicago IL 606751515 IT Services 294653 Prime Time Marketing 505 N LaSalle Street Ste 550 Chicago IL 606547542 Marketing Services 271025 Midwest Media Group Inc 316 North Milwaukee Street Milwaukee WI 53202 Audio/Visual 198230 26 143458 679158 834843 25126 1657459 Tuition and Fees 611710 52708568 52708568 Residence Hall Revenue 611710 2910646 2910646 55619214 339806 339806 190593 0 190593 190593 190593 22861190 22942442 -81252 -81252 -81252 160328 143458 160328 0 Training/Workshops 900099 258530 258530 Bookstore Revenue 900099 100095 100095 Athletic Camps 713940 45646 45646 266430 266430 670701 58396521 55664860 0 1074202 16441381 16441381 378703 330648 41493 6562 20674538 18051086 2265215 358237 1090060 909126 159994 20940 2558160 2097702 413197 47261 1469291 1306621 135603 27067 16696 16696 150933 150933 40162 40162 2178647 1845214 288782 44651 403251 193399 209074 778 3231151 2941559 208918 80674 965560 751456 210547 3557 554958 539382 9302 6274 85731 78687 4136 2908 930740 923195 7545 2316397 2312913 3484 321332 259256 53208 8868 Licensing 303986 222267 68131 13588 2586693 2257486 300006 29201 56698370 51461378 4586426 650566 7220 4230 7605484 10285405 436518 398199 5505631 3548950 1367795 1407774 323861 684849 62228201 26866093 36106585 35362108 14161716 13950800 3430931 2491322 68945741 68133637 3753009 3256222 4407447 4699658 27459198 25998205 48600 32400 4380639 5594258 40048893 39580743 X 17741384 18200623 4789817 3769145 6365647 6583126 28896848 28552894 68945741 68133637 X 1698151 -2042105 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10245264 228301 3870 275171 10202264 6964970 2939272 669907 328885 10245264 6659988 369185 235043 299246 6964970 7055140 269137 -396014 268275 6659988 0.24200 0.64530 0.11270 0 0 1888500 9123931 11012431 39672761 17045672 22627089 8714146 7196720 1517426 2828863 2623701 205162 35362108 Refundable Government Loan Program 909946 Interest Rate Swap 4475879 Capital Lease 208433 5594258 58396521 56698370 1698151 11279 -2053384 -2042105 -343954 42837904 11279 160328 171607 42666297 40162 15690062 15730224 58396521 41128474 160328 160328 40968146 40162 15690062 15730224 56698370 Description of Intended Use of Endowment Funds: Part V, Line 4: The intended use of the organization's endowment funds are: Scholarships and awards, faculty development, payments to annuity recipients, and educational programs. Description of Uncertain Tax Positions Under FIN 48: Part X: The University has received a determination letter from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The University follows the FASB guidance for uncertainty in income taxes. The standard clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Management believes that the University has no material uncertainties in income taxes. The University is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for fiscal years before 2009. The University will account for interest and penalties related to uncertain tax positions, if any, as part of the related tax expense. Part XI, Line 8 - Other Adjustments: Change in fair value of interest rate swap agreement -1,365,441. Change in fair value of beneficial interest in trusts -687,943. Total to Schedule D, Part XI, Line 8: -2,053,384. Part XII, Line 2d - Other Adjustments: Special Event Expenses 160,328. Part XII, Line 4b - Other Adjustments: Scholarships 15,690,062. Part XIII, Line 2d - Other Adjustments: Special Event Expenses 160,328. Part XIII, Line 4b - Other Adjustments: Scholarships 15,690,062. 1 0 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 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. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University participates in various federal and state programs for financial aid to students and to the University itself. Caritas 205502 76030 129472 30804 42757 11553 44358 Annual Golf Outing 60052 43588 16464 1376 4767 10321 1 38232 23840 14392 1450 7515 5000 427 303786 143458 160328 33630 55039 16553 55106 160328 0 1 Scholarships 1460 15690062 Staff Tuition Benefits 83 552105 Residence Assistanceships 18 199214 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 Directors receive quarterly financial reporting packages for review as well. X X X 0 0 0 0 0 0 0 0 0 Michael Vinciguerra 218274 0 0 0 0 0 16573 0 14482 0 249329 0 0 0 Frank Pascoe 139335 0 0 0 0 0 14784 0 10623 0 164742 0 0 0 The County of Will Illinois 366006672 968680AB4 2005-04-07 17000000 See Sch. K, Part V 0 0 0 The County of Will Illinois 366006672 968680AC2 2007-12-07 14000000 See Sch. K, Part V 0 0 0 17000000 195380 41823 15962797 800000 2006 1 0 1 1 14000000 223127 5743 13771130 2008 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 0 0 0 1 1 Fifth Third Bank 20.000000000000 0 0 0 0 0 X Schedule K, Part I, Line A, Column (f): 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 Congregation of the Third Order of St. Francis of Mary Immaculate of Joliet; (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. Schedule K, Part I, Line B, Column (f): Purpose of Bond - The proceeds of the issue were used to (i) fund the renovation (Phase II) of the Motherhouse which includes student housing, food service, and chapel; (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; unsecured variable interest rate term loan; unsecured construction loan; (vi) fund safety / crisis management and other communication and security equipment, and (vi) fund costs associated with the issuance of the bonds. Brent Wagner Son-in-Law of John Manner, Trustee 59000 Brent Wagner is a broker with Brown & Brown Insurance, an insurance company the University uses. He received a broker service fee. 0 X 2 25126 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11 The Form 990 has been reviewed in detail by the Chief Financial Officer and the President of the University; in addition, the Form 990 has been made available to the governing body before filing. Form 990, 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 arm's length transaction to ensure all parties are treated on an equal footing. 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. Form 990, 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. Form 990, 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 11,279. Change in fair value of interest rate swap agreement -1,365,441. Change in fair value of beneficial interest in trusts -687,943. Total to Form 990, Part XI, Line 5: -2,042,105. Congreg of the Thrd Order of St Francis of Mary Immac of Joliet 36-27649001433 Essington Road Joliet IL 60435 Church IL 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0