2013-04-11T19:06:11-05:00 2012-05-31 310905417 VONLEHMAN & COMPANY INC 250 GRANDVIEW DR SUITE 300 FT MITCHELL KY 41017 990 2011-06-01 610448560 THOMAS MORE COLLEGE THOM 8593443513 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 MARGARET STALLMEYER CDP 8593443513 2013-04-10 1 ADAM MDAVEY P00228237 8593313300 2011 2016-02-25 16:41:14Z MARGARET STALLMEYER CDP 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 47048918 1 1 0928 X WWW.THOMASMORE.EDU X 1921 KY TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 27 22 723 122 0 -5168 3490813 1238643 32638264 32422106 760916 541649 288389 413799 37178382 34616197 10748009 10778853 0 0 13410683 13424696 0 0 826314 10459051 10263274 34617743 34466823 2560639 149374 39881179 38665353 13929583 13732505 25951596 24932848 TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION. 0 0 25942128 32422106 PROGRAM SERVICE DISBURSEMENTS ARE APPLIED TO THE FURTHERANCE OF THE COLLEGE'S EXEMPT PROGRAMS OF HIGHER EDUCATION 25942128 1 1 0 0 0 0 0 1 0 1 1 1 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 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 723 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 22 1 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X PETER AAMODT 8593443352 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 410173428 MARGARET STALLMEYER CDP 37.50 X X 149596 0 27094 REV ROGER J FOYS 0.00 X X 0 0 0 MARY BROWN 0.00 X X 0 0 0 TYLER GREEN 40.00 X 52601 0 3584 MARIA GARRIGA 40.00 X 59581 0 16849 MELISSA A LUEKE 0.00 X 0 0 0 JOSEPH CARUSO 0.00 X 0 0 0 BRENT J MESSMER 0.00 X 0 0 0 GARREN COLVIN 0.00 X 0 0 0 JOHN HODGE III 0.00 X 0 0 0 SISTER MARY ETHEL PARROTT 0.00 X 0 0 0 NICO G PERRINO 0.00 X 0 0 0 MELVIN GRAVELY 0.00 X 0 0 0 THOMAS HOFFMAN 0.00 X 0 0 0 MARC NELTNER 0.00 X 0 0 0 LYNN MEYERS 0.00 X 0 0 0 SARAH GIOLANDO 0.00 X 0 0 0 THOMAS J STIENS 0.00 X 0 0 0 KENNEY SHIELDS 0.00 X 0 0 0 CHRISTOPHER WILSON 0.00 X 0 0 0 FRANKLIN KLING JR 0.00 X 0 0 0 JEANNE-MARIE TAPKE 0.00 X 0 0 0 GREGORY STOFKO 0.00 X 0 0 0 SHARON ELLISTON 0.00 X 0 0 0 MARNA ZALLA 0.00 X 0 0 0 GEORGE THELEN 0.00 X 0 0 0 ANTHONY R ZEMBRODT 0.00 X 0 0 0 CHARLENE BARLOW 37.50 X 43428 0 7579 PETER AAMODT 37.50 X 97343 0 14441 BRADLEY A BIELSKI 37.50 X 104616 0 20552 CATHY SILVERS 37.50 X 101156 0 14690 LAWRENCE BYERLY 37.50 X 100749 0 12536 709070 0 117325 4 0 1 0 KLENCO CONSTRUCTION 5347 OLD TAYLOR MILL RD TAYLOR MILL KY 41015 CONSTRUCTION 837025 HEMMER INDUSTRIES 6800 POWERLINE DRIVE PO BOX 757 FLORENCE KY 41022 CONSTRUCTION 466928 JENZABAR INC PO BOX 845939 BOSTON MA 02284 COMPUTER SERVICES 279004 RICHARD HARRISON BAILEY INC 121 SOUTH NILES AVENUE SOUTH BEND IN 46617 MARKETING AND MEDIA PLANNING 182349 CENTURY CONSTRUCTION PO BOX 18670 ERLANGER KY 41018 CONSTRUCTION 166726 5 1275 1237368 175076 1238643 STUDENT TUITION 611710 29622739 29622739 AUXILIARY 611710 2351328 2351328 OTHER 611710 448039 448039 32422106 346366 346366 431653 0 431653 431653 431653 12508000 2273 12314962 28 193038 2245 195283 195283 99877 1275 117731 -17854 -17854 34616197 32422106 0 955448 10778853 10778853 472096 339481 132615 12952600 8798706 3656487 497407 155388 2239 153099 50 632057 453329 111519 67209 435948 329213 96392 10343 1271384 960107 281113 30164 226767 92407 126322 8038 SERVICES 2116628 1117864 963716 35048 IPD SERVICE FEE 2103715 1226465 877250 0 BOOKS AND PERIODICALS 768185 587691 179974 520 SUPPLIES 615239 352507 244021 18711 1937963 903266 875873 158824 34466823 25942128 7698381 826314 1640854 1436935 4137274 2128962 459760 489575 2400321 2362152 560078 570379 44297703 25145824 17105239 19151879 13577653 12525471 39881179 38665353 3252616 3815240 6260000 5925000 3293593 2870096 1123374 1122169 13929583 13732505 X 7203802 10027459 6711945 2735047 12035849 12170342 25951596 24932848 39881179 38665353 X 149374 -1168122 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97050 0 13888870 134493 -660534 693932 12668897 12083077 139816 2377479 711502 13888870 11687910 208123 928650 741606 12083077 11375890 312020 11687910 0.03940 0.96060 0 0 3964868 3964868 29033131 17428296 11604835 5330805 4843764 487041 5968899 2873764 3095135 19151879 SECURITIES AND OTHER INVESTMENTS 12525471 F 12525471 OTHER LIABILITIES 1122169 1122169 34616197 34466823 149374 -1107348 -60774 -1168122 -1018748 22331645 -1107348 243889 117731 -745728 23077373 11538824 11538824 34616197 23289619 243889 117731 361620 22927999 11538824 11538824 34466823 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS 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 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. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR 2010, 2009, AND 2008 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FMV OF INTEREST RATE SWAP -60,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 117,731. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 11,538,824. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 117,731. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 11,538,824. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE AID IN SUPPORT OF THE BACCALAUREATE NURSING PROGRAM WAS SUSPENDED FOR ONE YEAR ON JULY 1, 1998 AND REINSTATED ON JUNE 30, 1999 BY THE DEPARTMENT OF HUMAN HEALTH AND SERVICES GOLF OUTING 26995 26995 5208 8394 11412 BISHOP HUGHES 60775 1275 59500 1500 32780 8811 15 13382 13382 8698 20804 20124 101152 1275 99877 15406 61978 40347 117731 -17854 PETER AAMODT 333 THOMAS MORE PARKWAY CRESTVIEW HILLS KY 41017 1 STUDENT AID AND SCHOLARSHIPS 977 10772383 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENT AID AND SCHOLARSHIPS ARE USED FOR TUITION AND RELATED EXPENSES AT THE COLLEGE. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 MARGARET STALLMEYER CDP 124596 0 25000 0 0 0 0 0 27094 0 176690 0 0 0 PETER AAMODT 97343 0 0 0 0 0 0 0 14441 0 111784 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A BONUS TO ONE KEY EMPLOYEE. CITY OF CRESTVIEW HILLS KY 611018215 2008-12-17 7180000 CURRENT REFUNDING OF SERIES 1998 AND SERIES 2001 BONDS 0 0 0 7180000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JACOB POWERS BOARD MEMBER ROOM GRANT AND TUITION GRANT JOHN HODGE OWNER OF CENTURY CONSTRUCTION WHO PERFORMED HVAC WORK FOR TMC 166726 CONSTRUCTION 0 X 15 158528 FAIR MARKET VALUE X SPORT MEDICAL SUPPLIES 1 5500 FAIR MARKET VALUE X MISCELLANEOUS 9 11048 FAIR MARKET VALUE 0 0 1 THIRD PARTY USE: PART I, LINE 32B: ALL DONATED SECURITIES ARE TRANSFERRED DIRECTLY TO THE BANK, WHO THEN SELLS THE SECURITIES FOR THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MARC NELTNER AND MARNA ZALLA ARE FAMILY MEMBERS. BOARD MEMBER GARREN COLVIN IS THE VP & COO OF ST. ELIZABETH'S HOSPITAL WHICH PROVIDES SERVICES TO THE TMC NURSING SCHOOL. BOARD MEMBER MARIA GARRIGA HAS A DAUGHTER WHO RECIEVES A TUITION SCHOLARSHIP FROM TMC AND HER HUSBAND WORKS FOR DRESSMAN, BENZINGER, LAVELLE WHO DOES WORK FOR TMC. THE HUSBAND OF BOARD MEMBER JEANNE-MARIE TAPKE IS AN OFFICER AT THE BANK OF KENTUCKY WHICH DOES BUSINESS WITH TMC. FORM 990, PART VI, SECTION A, LINE 3 4TH STREET SERVES AS THE INVESTMENT ADVISOR FOR THOMAS MORE FOR THEIR ENDOWMENT. FORM 990, PART VI, SECTION A, LINE 7A NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION A, LINE 7B NEW TRUSTEES ARE ELECTED BY THE BOARD OF TRUSTEES, AND THEN APPROVED BY THE BISHOP, REV. ROGER J. FOYS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BY VONLEHMAN AND COMPANY WHO ADDRESSES ANY QUESTIONS OR CONCERNS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THOMAS MORE COLLEGE RECEIVES AN UPDATED CONFLICT OF INTEREST FORM FROM THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENTS EACH PREPARE AN ASSESSMENT OF THEIR PERFORMANCE BASED ON GOALS SET THE PRIOR YEAR. THIS ASSESSMENT IS PROVIDED TO THE PRESIDENT. THE PRESIDENT PREPARES HER ASSESSMENT. THESE ASSESSMENTS ARE DISCUSSED WITH THE BOARD COMMITTEE CHAIRS WITH WHOM EACH VICE PRESIDENT INTERACTS AS WELL AS THE BOARD CHAIR. COMPENSATION IS THEN DETERMINED. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD AFTER A SIMILAR PROCESS. THE COLLEGE ROUTINELY MONITORS HOW THOMAS MORE COLLEGE SALARIES COMPARE TO PEER INSTITUTIONS. THIS INFORMATION IS KEPT AS A TARGET TO INSURE THAT TMC SALARIES REMAIN COMPETITIVE WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT 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 LOSSES ON INVESTMENTS: -1,107,348. CHANGE IN FMV OF INTEREST RATE SWAP -60,774. TOTAL TO FORM 990, PART XI, LINE 5: -1,168,122. OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS FORM 990 PART XII LINE 2C: THE COLLEGE'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.