2012-05-10T15:15:11-05:00 2011-06-30 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2010-07-01 381366958 SIENA HEIGHTS UNIVERSITY SIEN 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 LEE JOHNSON 5172647108 2012-05-08 1 VICKI L VANDENBERG CPA 2695674500 2010 2016-02-24 21:20:13Z SR PEG ALBERT OP PH 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 47314689 0 X WWW.SIENAHEIGHTS.EDU X 1919 MI TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITH THE PURPOSE OF ASSISTING PEOPLE IN BECOMING MORE COMPETENT, PURPOSEFUL AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 33 32 897 47 89683 11419 11255349 12790553 29163497 31368114 135357 167775 72115 158065 40626318 44484507 11150222 12722043 0 0 14406435 16032894 117113 32437 1039649 8959643 8823000 34633413 37610374 5992905 6874133 35225923 42247397 14716607 13844291 20509316 28403106 THE MISSION OF SIENA HEIGHTS UNIVERSITY, A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE ADRIAN DOMINICAN SISTERS, IS TO ASSIST PEOPLE TO BECOME MORE COMPETENT, PURPOSEFUL, AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 0 0 32131900 12722043 31302096 SIENA HEIGHTS UNIVERSITY IS A MICHIGAN PRIVATE NON-PROFIT CORPORATION FOR POSTSECONDARY EDUCATION. THE UNIVERSITY PROVIDES EDUCATION WITH A MAIN CAMPUS, SATELLITE CAMPUSES, AND ONLINE FOR BOTH TRADITIONAL AND NONTRADITIONAL STUDENTS OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. THE MAIN CAMPUS ALSO OFFERS AUXILIARY SERVICES IN THE FORM OF HOUSING, MEAL PLANS, AND BOOKSTORE SERVICES. THE UNIVERSITY IS PRIMARILY SUPPORTED THROUGH TUITION, FEDERAL AND STATE GRANTS, AND CONTRIBUTIONS FOR OPERATIONS AND SCHOLARSHIPS 32131900 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 1 3703 0 1 897 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 32 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X J LEE JOHNSON PHD CPA 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 SISTER PEG ALBERT OP PHD 40.00 X X 163761 0 40000 STEPHANIE L BOYSE 1.00 X 0 0 0 BETTY CUMMINGS 1.00 X 0 0 0 MICHAEL DAWSON MD 1.00 X 0 0 0 JAMES EBBITT 1.00 X 0 0 0 MARIANE FAHLMAN OP PHD 1.00 X 0 0 0 MICHAEL FARVER 1.00 X 0 0 0 JUDITH FRANCOEUR 1.00 X 0 0 0 SCOTT HILL 1.00 X 0 0 0 JAMES HUGHES 1.00 X 0 0 0 SR CANDACE INTROCASO CDP PHD 1.00 X 0 0 0 FRANK JOHNSON 1.00 X X 0 0 0 MICHAEL L KAPNICK 1.00 X 0 0 0 JOHN LABRIOLA 1.00 X 0 0 0 MAJOR RUTH LAFONTAINE 1.00 X 0 0 0 DAVID E MAXWELL 1.00 X 0 0 0 DAVID G MENGEBIER 1.00 X 0 0 0 SISTER FRANCES NADOLNY OP PHD 1.00 X 0 0 0 HONORABLE MARGARET MS NOE 1.00 X X 1962 0 0 MARY JO POTTER 1.00 X 0 0 0 KENNETH PRIOR 1.00 X 0 0 0 JAMIE T RICHARDSON 1.00 X 0 0 0 LAWRENCE RICHARDSON JR 1.00 X X 0 0 0 DAVID RICHMOND 1.00 X 0 0 0 IQBAL ROSHD 1.00 X 0 0 0 IGNACIO SALAZAR 1.00 X 0 0 0 CORINNE SANDERS OP 1.00 X 0 0 0 KRIS SCHMIDT 1.00 X 0 0 0 JOHN SCHWARTZ 1.00 X 0 0 0 SR ANNELIESE SINNOTT OP PHD 1.00 X 0 0 0 PATRICIA WALTER OP PHD 1.00 X 0 0 0 JOAN MARIE WEITHMAN OP 1.00 X 0 0 0 TIMOTHY JAKACKI 1.00 X 0 0 0 L THOMAS CONLIN 1.00 X 0 0 0 SCOTT DIENES 1.00 X 0 0 0 PATRICIA MULDARY 1.00 X 0 0 0 J LEE JOHNSON PHD CPA 40.00 X 121425 0 22128 MITCHELL BLONDE 40.00 X 102772 0 13521 SHARON WEBER OP 40.00 X 105525 0 13718 PATRICK PALMBER 40.00 X 103092 0 20424 598537 0 109791 5 0 1 0 CHARTWELLSCOMPASS GROUP PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 1028531 COLLABORATIVE INC 500 MADISON AVE TOLEDO OH 43604 ARCHITECTURAL, LANDSCAPE DESIGN 415769 SLUSARSKI EXCAVATING & PAVING 119 GREENLY ST ADRIAN MI 49221 EXCAVATING & PAVING SERVICES 259634 NCS PEARSON INC 13036 COLLECTIONS CENTER CHICAGO IL 60693 ONLINE CLASSES EXCHANGE 253127 HAMBLIN COMPANY PO BOX 350 TECUMSEH MI 49286 PRINTING SERVICES 143986 7 24201 700000 6636834 5429518 12790553 TUITION AND FEES 611710 28277359 28277359 AUXILIARY 611710 3010728 3010728 CONFERENCES & CAMPS 721210 80027 80027 31368114 193812 9656 184156 14009 14009 14009 14009 2539010 2565047 -26037 -26037 -26037 42271 24201 35979 6292 6292 253758 229156 24602 24602 MISCELLANEOUS 900099 113162 113162 113162 44484507 31302096 89683 302175 12722043 12722043 791554 95952 406985 288617 11409151 10045902 1035322 327927 636240 540492 92902 2846 2316764 1865427 433883 17454 879185 728615 143735 6835 82419 82419 74700 74700 52002 52002 32437 32437 57774 57774 2019916 1310166 706360 3390 243420 195914 33370 14136 346741 224497 102922 19322 223448 35233 98402 89813 1618 1618 1455199 1117524 305105 32570 272555 169337 40980 62238 402811 309305 78259 15247 1240509 972023 217123 51363 216217 160987 45400 9830 ACTIVITIES 958868 648095 305110 5663 DUES AND SUBSCRIPTIONS 273310 84447 164854 24009 REPAIRS AND MAINTENANCE 202018 165892 29682 6444 BAD DEBT 160004 160004 POSTAGE AND SHIPPING 123097 73328 38761 11008 416374 665103 -267229 18500 37610374 32131900 4438825 1039649 1929396 2829197 3073550 4479811 969008 942160 39629 909336 995019 43850166 19315317 21362398 24534849 6982235 8186841 0 239891 35225923 42247397 1977066 2630783 1372121 1456898 8580000 8470000 968715 822127 1818705 464483 14716607 13844291 X 8465506 13071116 5914536 8912905 6129274 6419085 20509316 28403106 35225923 42247397 X 6874133 1019657 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 52002 52002 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE MWW GROUP, INC. 700 13TH STREET NW, 10TH FLOOR, WASHINGTON DC 20005 $50,000 RETAINER FEE $2,002 MISCELLANEOUS EXPENSES 6818538 326693 1204017 1158 74208 8273882 5826019 208974 794605 11060 6818538 7660809 142172 -1543115 -419404 -14443 5826019 0.00760 0.77580 0.21660 0 0 318500 266765 585265 440132 24659267 9516289 15583110 600839 600839 13751200 9799028 3952172 40662 3772801 3813463 24534849 ANNUITIES PAYABLE 9613 CONDITIONAL ASSET RETIREMENT OBLIGATION 173768 FAIR VALUE OF INTEREST RATE SWAP 233102 RELATED PARTY MORTGAGE 48000 464483 44484507 37610374 6874133 1006130 13527 1019657 7893790 33003290 1006130 278662 1284792 31718498 43966 12722043 12766009 44484507 25109500 265135 265135 24844365 43966 12722043 12766009 37610374 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THIS ENDOWMENT IS USED BY THE ORGANIZATION TO PROVIDE SCHOLARSHIPS TO WORTHY INDIVIDUALS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON VALUE OF INTEREST RATE SWAPS 13,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 13,527. FUNDRAISING EXPENSES 35,979. GAMING EXPENSE 229,156. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 12,722,043. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 35,979. GAMING EXPENSE 229,156. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 12,722,043. 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 POLICY IS PUBLICIZED ON ADMISSIONS BROCHURES AND COURSE CATALOGS, AS WELL AS ON THE SCHOOL WEBSITE WHICH IS AVAILABLE TO THE PUBLIC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SIENA HEIGHTS UNIVERSITY RECEIVES FEDERAL FUNDS FOR FINANCIAL AID FOR ITS STUDENTS. X X X X X X X 1 JEROLD PANAS LINZY & PARTNERS LTD 500 NORTH MICHIGAN AVE SUITE 2008 CHICAGO IL 60611 FUNDRAISING CONSULTATION FOR CAPITAL CAMPAIGN 0 0 32437 -32437 32437 -32437 SUMMER SPECTACULAR EVENT SCHOLARSHI 66472 24201 42271 7840 3897 16194 2804 5244 66472 24201 42271 7840 3897 16194 2804 5244 35979 6292 253758 203197 18174 7785 0 253758 203197 18174 7785 229156 24602 MI 1 0 0 0 1.00000 LAURA KLUTSARITS 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 0 LAURA KLUTSARITS 0 FILES PAPERWORK AND OVERSEES EVENT X 0 1 SCHOLARSHIP - TUITION/BOOKS 1777 12722043 N/A N/A X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SISTER PEG ALBERT OP PHD 163761 0 0 0 0 0 0 0 40000 0 203761 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY LIVES IN A HOUSE THAT IS OWNED BY THE UNIVERSITY. ALL EXPENSES, INCLUDING UTILITIES, ARE PAID BY THE UNIVERSITY. THE PRESIDENT IS TAX-EXEMPT DUE TO HER RELIGIOUS STATUS. ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE 521302758 526010ADF 2009-04-28 8700000 TO FINANCE REFUNDING FOR SERIES 2006 BONDS 0 0 0 8700000 273375 8426625 2009 1 0 1 1 0 0 0 0 1 0 1 1 1 FIRST AMERICAN BANK 10.000000000000 0 0 0 0 0 KRIEGHOFF LENAWEE COMPANIES TRUSTEE 400198 SCOTT HILL IS A STOCKHOLDER OF KRIEGHOFF LENAWEE COMPANIES. KRIEGHOFF LENAWEE PROVIDED CONSTRUCTION SERVICES FOR THE ORGANIZATION. 0 CONSUMERS ENERGY TRUSTEE 364090 DAVID MENGEBIER IS A SR. VP GOVERNMENTAL & PUBLIC AFFAIRS OF CONSUMERS ENERGY CO. THE ORGANIZATION ENTERED INTO A CONTRACT WITH CONSUMERS ENERGY CO. 0 KAPNICK INSURANCE TRUSTEE 173464 MIKE KAPNICK THE CFO/CEO OF KAPNICK INSURANCE GROUP. KAPNICK INSURANCE PROVIDES INSURANCE AND FLEX SPENDING SERVICES. 0 SISTER FRANCES NADOLNY OP PHD TRUSTEE 0 SISTER FRANCES IS THE CHAPTER PRIORESS OF THE GREAT LAKES DOMINICAN MISSION CHAPTER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER FRANCES IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 CINDY HILL WIFE OF SCOTT HILL, TRUSTEE 26667 CINDY HILL RECEIVED COMPENSATION AS THE WOMEN'S LACROSSE COACH. 0 SISTER JOAN MARIE WEITHMAN OP TRUSTEE 0 SISTER JOAN MARIE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER JOAN MARIE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER ANNELIESE SINNOTT OP PHD TRUSTEE 0 SISTER ANNELIESE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER ANNELIESE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER PATRICIA WALTER OP PHD TRUSTEE 0 SISTER PATRICIA IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER PATRICIA IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER PEG ALBERT OP PHD SISTER PEG IS THE PRESIDENT OF THE UNIVERSITY 0 SISTER PEG IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER PEG IS PAID A SALARY WHICH IS GIVEN DIRECTLY TO THE ADRIAN DOMINICAN SISTERS. SHE IS THEN PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER MARIANE FAHLMAN OP PHD TRUSTEE 0 SISTER MARIANE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER MARIANE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER CORINNE SANDERS OP EDD TRUSTEE 0 SISTER CORINNE IS ON THE GENERAL COUNCIL OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER CORINNE IS PAID A SALARY BY THE ADRIAN DOMINICAN SISTERS. 0 FORM 990, PART VI, SECTION A, LINE 2 SCOTT HILL AND STEPHANIE BOYSE ARE TRUSTEES OF SIENA HEIGHTS UNIVERSITY AND ARE BOARD MEMBERS OF UNITED BANK & TRUST. SCOTT HILL HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS: STEPHANIE BOYSE, SR. CORINNE SANDERS, OP, ED.D., KENNETH PRIOR, MIKE KAPNICK, TIMOTHY JAKACKI, AND MICHAEL FARVER. KRIS SCHMIDT AND MIKE KAPNICK HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ENTITY IS ORGANIZED ON A MEMBERSHIP BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO ELECT TRUSTEES TO THE BOARD OF TRUSTEES AND REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. FORM 990, PART VI, SECTION A, LINE 7B THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO EXERCISE THE RESERVED POWERS BESTOWED UPON THEM PURSUANT TO THE SIENA HEIGHTS UNIVERSITY BYLAWS. THESE RESERVED POWERS INCLUDE THE FOLLOWING: (A)APPROVE THE MISSION, PURPOSES AND PHILOSOPHY OF THE CORPORATION; (B)ELECT TRUSTEES TO THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN ARTICLE V, SECTION 3; (C)REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (D)REVIEW AND COMMENT ON ALL ANNUAL OPERATING AND CAPITAL BUDGETS DEVELOPED BY THE BOARD OF TRUSTEES PRIOR TO THEIR ADOPTION BY THE BOARD, AND ALL NON-BUDGETED OPERATING EXPENSES AND CAPITAL EXPENDITURES IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (E)AUTHORIZE AND/OR APPROVE ANY INCURRENCE, ASSUMPTION, OR GUARANTEE OF DEBT IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (F)AUTHORIZE AND/OR APPROVE THE ENCUMBRANCE, SALE, LEASE OR OTHER DISPOSITION OF ANY REAL ESTATE OR THE SALE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (G)AUTHORIZE AND/OR APPROVE CONTRACTS THAT CALL FOR EXPENDITURES OF SUMS IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (H)AUTHORIZE AND/OR APPROVE THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH OR INTO ANOTHER ENTITY; (I)APPOINT AND REAPPOINT THE PRESIDENT, AND REMOVE THE PRESIDENT IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (J)REMOVE OTHER OFFICERS OF THE CORPORATION IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (K)AUTHORIZE AND/OR APPROVE THE CREATION OF SUBSIDIARIES OR AFFILIATES OF THE CORPORATION OR THE CORPORATION'S PARTICIPATION IN JOINT VENTURES; (L)AUTHORIZE AND/OR APPROVE ANY AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION AND/OR BYLAWS AFTER CONSULTING WITH THE BOARD OF TRUSTEES; AND (M)AUTHORIZE AND/OR APPROVE THE DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. QUESTIONS AND COMMENTS WERE SOLICITED FROM THE BOARD TO ENSURE THE COMPLETENESS AND ACCURACY OF THIS FORM. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE WRITTEN CONFLICTS ANNUALLY. DIFFERENT STANDING COMMITTEES OF THE BOARD OF TRUSTEES MONITOR AND REVIEW CONFLICTS OF INTEREST FOR KEY EMPLOYEES AND TRUSTEES ANNUALLY. IF A CONFLICT ARISES, THE TRUSTEE SHALL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT IS DETERMINED BY A SUB-COMMITTEE (COMPENSATION COMMITTEE) OF THE BOARD OF TRUSTEES. THIS COMMITTEE MEETS AFTER THE PERFORMANCE REVIEW IS COMPLETED FOR THE PRESIDENT. IF A RAISE IS WARRANTED, THE PRESIDENT CAN DECLINE BASED ON UNIVERSITY DETERMINATION OF INCREASES FOR THE ENTIRE STAFF. COMPENSATION FOR ALL EMPLOYEES IS COMPARED TO CUPA STANDARDS AND ANNUAL RAISES FOR THE COMMUNITY AT-LARGE IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. FISCAL YEAR 2011 WAS THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ORGANIZATIONAL DOCUMENTS AVAILABLE AT THE SIENA HEIGHTS UNIVERSITY LIBRARY AND THROUGH THE UNIVERSITY'S WEBSITE. FURTHER, ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,006,130. UNREALIZED GAIN ON VALUE OF INTEREST RATE SWAPS 13,527. TOTAL TO FORM 990, PART XI, LINE 5: 1,019,657. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ADRIAN DOMINICAN SISTERS 1257 E SIENA HEIGHTS DR ADRIAN MI 49221 CATHOLIC RELIGIOUS ORDER MI 501(C)(3) LINE 1 N/A 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 ADRIAN DOMINICAN SISTERS C 700000 CASH ADRIAN DOMINICAN SISTERS O 185936 ACTUAL EXPENSES INCURRED ADRIAN DOMINICAN SISTERS G 60000 3RD PARTY APPRAISAL ADRIAN DOMINICAN SISTERS E 48000 AMOUNT DISTRIBUTED