2013-07-12T08:20:55-05:00 2012-08-31 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2011-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH 4123923992 2013-07-12 1 SUSAN M KIRSCH P00341397 4122613644 2011 2016-02-24 21:20:13Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 105193473 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 34 32 1796 0 0 0 7626340 3649990 89168373 92028172 2698914 -269939 481737 653806 99975364 96062029 20851492 22396307 0 0 37916598 38698254 38491 0 1820621 32743658 31826583 91550239 92921144 8425125 3140885 146782388 147657880 80690756 75963054 66091632 71694826 X POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 0 0 54126766 22278420 82164484 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,382 UNDERGRADUATE AND 538 GRADUATE STUDENTS, AS WELL AS PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 9320867 484110 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVIES, STUDENT AFFAIRS OFFICE, AS WELL AS 11 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. 7754088 117887 9369795 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. 10178888 9783 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE. 10178888 9783 81380609 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 5405 0 1 1796 1 0 0 0 0 0 1 1 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA NY X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS L ASTORINO 1.50 X 0 0 0 RICHARD W BOYD 1.50 X 0 0 0 E MICHAEL BOYLE 1.50 X 0 0 0 MARK BROADHURST 1.50 X 0 0 0 JAMIE CAMPOLONGO 1.50 X 0 0 0 PAUL COSTA 1.50 X 2091 0 0 GARY M DEJIDAS 1.50 X 0 0 0 WAYNE FONTANA 1.50 X 0 0 0 KISHORE GOPAUL 1.50 X 0 0 0 EDWARD HABERLE 1.50 X 0 0 0 JOSEPH B HAVRILLA 1.50 X 0 0 0 JULIE A LYDA EFF 112 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD 1.50 X 0 0 0 PEGGY T MCKNIGHT EFF 1011 1.50 X 0 0 0 J KEVIN MCMAHON 1.50 X 0 0 0 JAMES MILLER 1.50 X 0 0 0 TODD C MOULES 1.50 X 0 0 0 JOSEPH MURIN 1.50 X 0 0 0 DAVID J PEART EFF 112 1.50 X 0 0 0 LUCAS PIATT 1.50 X 0 0 0 RICHARD E RAUH 1.50 X 10300 0 0 DR LOREN H ROTH MD 1.50 X 0 0 0 CAROL SAVAGE 1.50 X 0 0 0 CHARLES J STOUT 1.50 X 0 0 0 MARY BETH TAYLOR 1.50 X 0 0 0 JOHN R TOMAYKO PHD 1.50 X 0 0 0 NANCY D WASHINGTON PHD 1.50 X 0 0 0 JAKE WHEATLEY 1.50 X 0 0 0 GEORGE R WHITE PHDEXIT 112 1.50 X 0 0 0 KATHLEEN WHITEEFF 412 1.50 X 0 0 0 KAREN FARMER WHITE EFF 712 1.50 X 0 0 0 ANNE LEWIS 3.00 X X 0 0 0 DAVID S DUNCAN 3.00 X X 0 0 0 JAMES MEREDITH 3.00 X X 0 0 0 DONALD J JENKINS 3.00 X X 0 0 0 PAUL HENNIGAN EDD 40.00 X 459714 0 76113 BRIDGET MANCOSH 40.00 X 230982 0 32958 MARIANN GEYER 40.00 X 191400 0 27638 KAREN MCINTYRE PHD 40.00 X 236092 0 8454 RICHARD HASKINS 40.00 X 170587 0 28190 TRUDY WILLIAMS 40.00 X 103198 0 8188 CHARLES FOX DEAN THRU 511 40.00 X 166498 0 14285 RONALD LINDBLOM 40.00 X 178480 0 26509 ANGELA H ISAAC PHDDEAN THRU 40.00 X 151711 0 59023 FREDRICK JOHNSON 40.00 X 153499 0 19450 WILLIAM CAMERON 40.00 X 137098 0 24143 ROBERT FESSLER EFF 511 40.00 X 123649 0 10683 TIM HUDSON PHDDEAN THRU 40.00 X 133042 0 16278 DIMITRIS KRANIOU 40.00 X 122349 0 7320 KEITH PAYLO 40.00 X 120310 0 23336 CHARLES PERKINS PHD 40.00 X 114570 0 9809 2805570 0 392377 35 1 1 0 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION 6727568 ARAMARK SERVICES PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 2890560 ISS FACILITY SERVICES INC PENN PLACE PITTSBURGH PA 15219 HOUSEKEEPING 1888896 COSTA CONTRACTING 347 LEFEVER HILL ROAD CHESWICK PA 15024 CONSTRUCTION 1447215 ALLIED BARTON SECURITY SERVICES 500 FIRST AVENUE PITTSBURGH PA 15219 SECURITY 1229155 19 113849 1320313 2215828 63544 3649990 TUITION & EDUC. FEES 611710 81476782 81476782 ROOM & BOARD FEES 721310 9138115 9138115 PERFORMANCES 711300 671931 671931 PROGRAM RENTAL 531390 305680 305680 BOOKSTORE, CAFE & MISC 451211 234377 234377 201287 201287 92028172 647806 647806 176047 176047 1013955 488290 525665 525665 525665 7612486 8530231 -917745 -917745 -917745 65017 113849 112923 -47906 -47906 96062029 92028172 0 383867 99000 99000 22273307 22273307 24000 24000 1753655 547247 886717 319691 28744444 25622138 2567143 555163 1385005 1119789 244194 21022 4698538 3714215 909021 75302 2116612 1646036 412415 58161 588482 71663 516819 218830 24750 194080 54222 27111 27111 105593 105593 1639554 1340576 263025 35953 1913971 1110496 762187 41288 2885879 2625400 148026 112453 316695 216112 89809 10774 28010 28010 9873086 8368745 1267199 237142 1255000 1072062 121524 61414 829293 649170 122172 57951 5721091 4785501 787993 147597 101330 48330 53000 FOOD SERVICES 2591630 2439420 123307 28903 NON CAPITAL EQUIP 1788848 1750131 36026 2691 DANCE & THEATER PRODUCT 756175 731829 18501 5845 BAD DEBT 559843 559843 599051 512839 64052 22160 92921144 81380609 9719914 1820621 18773540 25155009 6290255 2122599 936311 564363 800968 775626 1094955 1056504 152758646 58116463 95798286 94642183 21153273 22021820 1789226 859469 330307 145574 130000 146782388 147657880 6338431 3917058 10508258 10429696 49242958 49625624 11751665 9362236 2849444 2628440 80690756 75963054 X 50813114 55819423 7007982 7365496 8270536 8509907 66091632 71694826 146782388 147657880 X 3140885 2462309 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 54222 54222 92866922 92921144 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 19462 47172 48938 54222 169794 250000 250000 250000 250000 1000000 1500000 X 0 24715713 1345523 1662218 282196 61969 27379289 22236249 1074016 1762019 291452 65119 24715713 20598888 1064859 946350 305257 68591 22236249 20807467 1067869 -905198 302413 68837 20598888 0.67150 0.31090 0.01760 0 0 5379026 10944588 16323614 4185477 109522862 41989668 71718671 1522745 1466489 56256 18240274 14660306 3579968 2963674 2963674 94642183 CONDITIONAL ASSET RETIREMENT OBLIGATION 2451331 CHANGE IN LIABILITY OF INTEREST RATE SWAP 118568 ANNUITIES PAYABLE 58541 2628440 96062029 92921144 3140885 2097092 365217 2462309 5603194 77112658 2097092 966430 3063522 74049136 105593 21907300 22012893 96062029 71509464 601213 601213 70908251 105593 21907300 22012893 92921144 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS, THE ENDOWMENT FUND AND THE BOARD DESIGNATED RESERVE FUND, THE ENDOWMENT FUND, MADE UP OF BOTH PERMANENT & TEMPORARILY RESTRICTED ASSETS, CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT NUMEROUS PURPOSES. IT CONSISTS OF 85% RESTRICTED FOR FINANCIAL AID AND 15% FOR OPERATIONS. THE PURPOSE OF THE BOARD DESIGNATED RESERVE FUND, AN UNRESTRICTED ASSET, IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS STANDARDS ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE NEW STANDARD REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FILES FEDERAL, STATE, AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATION ON THE UNIVERSITY'S FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEAR ENDED AUGUST 31, 2009 THOUGH THE PRESENT; OTHER RETURNS MAY BE OPEN FOR AN ADDITIONAL YEAR DEPENDING ON JURISDICTION. THE UNIVERSITY CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE NEW STANDARD AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP: 365,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $488,290 SPECIAL EVENT EXPENSE: $ 112,923 CHANGE IN VALUE OF INTEREST RATE SWAP: $365,217 TOTAL PART XII LINE 2D: $ 966,430 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $21,879,600 NONCASH DONATION NOT RECORDED ON FINANCIAL STATEMENTS: $27,700 TOTAL PART XII LINE 4B: $21,907,300 PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $488,290 SPECIAL EVENT EXPENSE: $112,923 TOTAL PART XIII LINE 2D: $601,213 PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $21,879,600 NONCASH DONATION NOT RECORDED ON FINANCIAL STATEMENTS: $27,700 TOTAL PART XIII LINE 4B: $21,907,300 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 UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 LOCAL: URBAN REDEVELOPMENT - STOREFRONT ART. COMMONWEALTH OF PA: RACP - PARK PROJECT; HIGHER EDUCATION ASSISTANCE GRANT; PA DEPARTMENT OF WELFARE; PA LIQUOR CONTROL BOARD. FEDERAL: U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL; ASSET I3 PROJECT. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 206896 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 6032 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 350 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 PROGRAM SERVICES INTERNATIONAL ENROLLMENT 1332 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 24000 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES MEDIA CLASS 7550 0 0 0 0 0 0 246160 0 246160 STUDENT FINANCIAL AID EUROPE 10 POSTING TO STUDENT'S ACCOUNT 24000 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FINANCIAL AID AWARDS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GOLF EVENT 120000 68612 51388 49110 23899 18282 ENDOWMENT FUND SCHOLARSHIP DINNER 46291 39541 6750 935 8618 3295 1 12575 5696 6879 4000 2250 2534 178866 113849 65017 4000 50045 34767 24111 112923 -47906 1 NEED 332 FIFTH AVENUE PITTSBURGH PA 15222 256070821 501(C)(3) 54000 FINANCIAL AID TO STUDENTS THE PITTSBURGH FOUNDATION 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 250965466 501(C)(3) 20000 CITY OF PITTSBURGH PUBLIC SERVICE FUND URBAN INNOVATION21 1901 CENTRE AVE SUITE 300 PITTSBURGH PA 15219 260379369 501(C)(3) 25000 ECONOMIC DEVELOPMENT 3 0 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3576 21855586 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 30 318600 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 125 99121 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDS STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 PAUL HENNIGAN EDD 310342 0 100000 0 49372 0 58375 0 17738 0 535827 0 0 0 BRIDGET MANCOSH 183192 0 47600 0 190 0 14125 0 18833 0 263940 0 0 0 MARIANN GEYER 169162 0 22000 0 238 0 12980 0 14658 0 219038 0 0 0 KAREN MCINTYRE PHD 186436 0 46700 0 2956 0 5518 0 2936 0 244546 0 0 0 RICHARD HASKINS 150091 0 15000 0 5496 0 11625 0 16565 0 198777 0 0 0 CHARLES FOX DEAN THRU 511 163941 0 0 0 2557 0 10762 0 3523 0 180783 0 0 0 RONALD LINDBLOM 165532 0 12000 0 948 0 12688 0 13821 0 204989 0 0 0 ANGELA H ISAAC PHDDEAN THRU 151063 0 0 0 648 0 11698 0 47325 0 210734 0 0 0 FREDRICK JOHNSON 143019 0 10000 0 480 0 10817 0 8633 0 172949 0 0 0 WILLIAM CAMERON 126162 0 10000 0 936 0 9735 0 14408 0 161241 0 0 0 CHARLES PERKINS PHD 112254 0 0 0 2316 0 8333 0 1476 0 124379 0 0 0 PART I, LINE 1A DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE ONLY PERSONAL SERVICES FOR PAUL HENNIGAN PROVIDED BY THE UNIVERSITY IS BABYSITTING SERVICES FOR HIS CHILDREN IN ORDER TO HELP ACCOMMODATE FOR MR. HENNIGAN'S UNPREDICTABLE WORK SCHEDULE AND FREQUENT OVERNIGHT TRAVEL. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSES EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR COMPANIONS IS INFREQUENT. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVES COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. SUPPLEMENTAL INFORMATION PART III PART II, COLUMN C: EFFECTIVE JANUARY 1, 2012 THE BOARD OF DIRECTORS APPROVED THE ADOPTION OF A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE BENEFIT OF ITS PRESIDENT. DURING THE UNIVERSITY'S FISCAL YEAR THE BOARD APPROVED A $40,000 CONTRIBUTION TO THE SECTION 457(F) DEFERRED COMPENSATION PLAN FOR THE 2012 CALENDAR YEAR. THE CONTRIBUTION IS REPORTED IN PART II COLUMN C. THE AWARD IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2008-04-29 25455000 SEE PART VI 0 0 0 ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 01728RGB9 2008-04-29 6870000 SEE PART VI 0 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART VI 0 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE PART VI 0 0 0 25455000 258987 25196013 2010 0 0 0 0 6870000 69047 6800953 2009 0 0 0 0 5000000 7250 4992750 2008 0 0 0 0 3830000 58500 3771500 2008 0 0 0 0 0 1 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION PART I, LINE A, COLUMN C: SERIES A 10,000,000 CUSIP: 01728RET2 SERIES B 15,455,000 CUSIP: 01728REU9 TOTAL: 25,455,000 PART I, LINE A, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART II, LINE 5, COLUMN A: PROCEEDS USED FOR BOND ISSUANCE COSTS WERE $209,512. PROCEEDS USED FOR CREDIT ENHANCEMENT WERE $49,475. PART I, LINE B, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART I, LINE B, COLUMN E: ORIGINAL TAXABLE ISSUE PRICE WAS $6,870,000. A TAX EXEMPT CONVERSION ON JUNE 1, 2010 WAS ISSUED AT OUTSTANDING PRINCIPAL OF $6,770,000. PART I, LINE C, COLUMN F: RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE D, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WAS FULLY CONVERTED TO TAX EXEMPT ON 7/16/12. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 7/16/12 $ 1,470,252 CURRENT TAX EXEMPT AMOUNT: $7,331,037 PART I, LINE D, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE PART VI 0 0 0 7000000 74518 6925482 2006 0 0 0 0 0 1 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 EXECUTIVE MANAGEMENT SERVICES FORMER OFFICER - MICHAELITA QUINN - PRESIDENT OF EXECUTIVE MANAGEMENT SVCS 117880 SEE SCH O: EXECUTIVE MANAGEMENT SERVICES (EMS) PROVIDES ENROLLMENT MANAGEMENT SERVICES TO THE UNIVERSITY 0 X 3 35844 STOCK EXCHANGE X PIANO 1 27700 APPRAISAL 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION EXCEPT THAT IT MAY NOT: (I) ALIENATE OR ENCUMBER THE REAL ESTATE OR ENDOWMENTS OF THE UNIVERSITY, (II) ENTER INTO FINANCIAL ARRANGEMENTS OR COMMITMENTS WHICH WOULD HAVE A MAJOR EFFECT ON THE UNIVERSITY, (III) SELECT THE PRESIDENT OF THE UNIVERSITY, (IV) ELECT MEMBERS OR OFFICERS OF THE BOARD OF TRUSTEES, OR (V) COMMIT THE UNIVERSITY TO PAYMENTS IN EXCESS OF AVAILABLE REVENUES, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THEN THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE CEO, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 4. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE CHAIR OF THE BOARD WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE. FROM TIME TO TIME, THE UNIVERSITY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND AAUP [AMERICAN ASSOC. OF UNIVERSITY PROFESSORS] FOR FACULTY. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,097,092. CHANGE IN VALUE OF INTEREST RATE SWAP: 365,217. TOTAL TO FORM 990, PART XI, LINE 5: 2,462,309. OVERSIGHT OF FINANCIAL STATEMENT AUDIT FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE NUMBER OF EMPLOYEES IS COMPRISED OF THE FOLLOWING: FORM 990 PART I, LINE 5 FULL TIME STAFF 324 FULL TIME FACULTY 130 PART TIME FACULTY 329 PART TIME STAFF 185 PART TIME STUDENTS 828