2012-05-10T10:20:03-04:00 2011-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2010-07-01 440545813 Rockhurst University ROCK 8165014000 1100 ROCKHURST ROAD KANSAS CITY MO 64110 GUY SWANSON 2012-05-15 Michael J Engle 8162216300 2010 2016-02-24 21:20:13Z REV THOMAS B CURRAN OSFS 1100 ROCKHURST ROAD KANSAS CITY MO 64110 85201650 false X WWW.ROCKHURST.EDU X 1910 MO ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. 30 29 1231 150 0 0 14565019 6458632 54397861 54735694 2091219 2849260 4050751 3797257 75104850 67840843 19900732 20352455 0 0 23894811 23676293 63000 61500 1463617 21315170 21051094 65173713 65141342 9931137 2699501 111148958 124593378 52255373 60267743 58893585 64325635 X SEE SCHEDULE O false false 36800434 20352455 36851854 Institutional Student Financial Aid is the largest program services expense for Rockhurst University. Rockhurst is committed to making its educational experience available at a reasonable cost to students and families; during the fiscal year ended June 30, 2011 the University offered institutional financial aid to over 80% of all students. 13435080 0 13453851 Instructional expenses represent approximately 23% of total program service costs at Rockhurst. The Instructional category represents the cost of delivering the Rockhurst educational experience in the classroom; primarily the costs of salaries and benefits to over 300 full time and part time faculty members, instructional materials, books and supplies, and depreciation, maintenance and interest costs associated with the classroom facilities. 8177874 0 8189301 Institutional support costs represent approximately 14% of the total program services cost at Rockhurst. The Institutional Support category primarily includes administrative support costs including salary and benefits for staff members, operation of the University's 24 hour Security Department, all fundraising efforts as directed by the University's Advancement Office, expenses associated with legal, accounting and insurance, as well as the depreciation, maintenance and interest costs associated with these functions. 58413388 true true false false false false false false true true false false false true true false true true false true false false true true false false false true true true false false false false false false false true true true true false false false false true true true false false true 134 0 true 1231 true false false false false false true true false false false true false X 30 29 true false false false false false false true true false false true true true true true true true true false MO X GUY SWANSON 8165014862 1100 ROCKHURST ROAD KANSAS CITY MO 64110 X REV LARRY BIONDI SJ 1.0 X 0 0 0 JAMES G CASTELLANO 1.0 X X 0 0 0 CHARLES DUNLAP 1.0 X 0 0 0 TERRENCE P DUNN 1.0 X 0 0 0 GRETCHEN L DUNFORD 1.0 X 0 0 0 THOMAS GERKE 1.0 X 0 0 0 DENNIS P HOGAN III 1.0 X 0 0 0 RAYMOND F BEAGLE JR 1.0 X 0 0 0 KERMIT J FENDLER 1.0 X 0 0 0 DUANE LOCK 1.0 X 0 0 0 GREG GRAVES 1.0 X 0 0 0 WALTER MCCORMICK 1.0 X 0 0 0 THOMAS A MCDONNELL 1.0 X 0 0 0 MICHAEL O'FLAHERTY 1.0 X 0 0 0 REV MICHAEL D BARBER SJ 1.0 X 0 0 0 REV NICHOLAS RASHFORD SJ 1.0 X 0 0 0 DANIEL P CHARLES 1.0 X 0 0 0 YOUNG SEXTON 1.0 X 0 0 0 MARNY DONNELLY SHERMAN 1.0 X X 0 0 0 CAROL A DIRAIMO 1.0 X 0 0 0 RICHARD T SULLIVAN 1.0 X 0 0 0 DENNIS J THUM 1.0 X X 0 0 0 STEPHEN A VALENTINO 1.0 X 0 0 0 REV WILLIAM T OULVEY SJ 1.0 X 0 0 0 REV PAUL H VU SJ 1.0 X 0 0 0 CLYDE F WENDEL 1.0 X 0 0 0 KAREN T HAREN 1.0 X 0 0 0 MATTHEW WENGERT 1.0 X 0 0 0 REV THOMAS B CURRAN OSFS 40.0 X X 0 0 0 ELLEN DARLING 1.0 X 0 0 0 EMILY WERNER 1.0 X 0 0 0 MADELINE ROMIOUS 1.0 X 0 0 0 ROBERT P DUNN 1.0 X 0 0 0 GUY SWANSON 40.0 X 166255 0 19272 JAMES M DALEY 40.0 X 143909 0 12825 ANTHONY L TOCCO 40.0 X 113231 0 16703 WILLIAM HAEFELE 40.0 X 135481 0 16535 SARA A DAVIDS 40.0 X 112331 0 16885 TIMOTHY L MCDONALD 40.0 X 115240 0 15536 786447 0 97756 10 false true false HUSCH BLACKWELL SANDERS LLP LEGAL SERVICES 237755 SODEXO INC FOOD SERVICE 2412724 SATELLIE JANITORIAL SERVICES JANITORIAL SERVICE 410298 JOHN A KRUGH REALTY LLC PROPERTY MANAGEMENT 262885 NOEL LEVITZ CONSULTING SERVICES 224572 8 6280 17595 1474058 4960699 149686 6458632 Tuition and Fees 611600 50546891 50546891 Housing Income 611710 4153237 4153237 Student Loan Interest 611710 35566 35566 54735694 650729 650729 0 0 183464 138105 45359 45359 45359 19397714 8000 17204117 3066 2193597 4934 2198531 2198531 8105 17595 15519 -7414 -7414 0 0 Cafeteria Income 722210 2325033 2325033 Bookstore Income 611710 83218 83218 Athletic Income 900099 120928 120928 1230133 1230133 3759312 67840843 58495006 0 2887205 0 20352455 20352455 0 0 337542 337542 0 19463788 16807282 1850782 805724 825227 701443 90775 33009 1681445 1429228 184959 67258 1368291 1163047 150512 54732 0 136603 136603 87476 87476 0 61500 61500 134225 134225 2353539 1765154 588385 463313 402736 48109 12468 1226239 1065911 127328 33000 427638 371726 44404 11508 0 2284394 1985715 237202 61477 1046689 909837 108684 28168 0 459868 399741 47751 12376 2957940 2571196 307141 79603 0 2505008 2177484 260110 67414 498666 433467 51779 13420 MAINTENANCE CONTRACTS 778863 677029 80874 20960 CONTRACTUAL SERVICES 807450 701878 83842 21730 STUDENT AID 1937630 1937630 REPAIRS AND MAINTENANCE 1207616 1049723 125394 32499 . 1737937 1510706 180460 46771 65141342 58413388 5264337 1463617 1095223 0 2961719 7015097 10998810 10181217 1511308 1368141 514413 0 710016 1094857 111797122 44761785 64723627 67035337 25818531 34414265 538909 1138572 2276402 2345892 111148958 124593378 4038005 4172903 35855000 44645000 5724133 5447439 6638235 6002401 52255373 60267743 X 15197483 15731598 14246107 18268900 29449995 30325137 58893585 64325635 111148958 124593378 X 2699501 2732549 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30290638 1087319 3896780 2490000 0 134225 32650512 28510789 560825 4776455 1868500 1587869 101062 30290638 34947027 1453389 -4713161 1941000 1157008 78458 28510789 0.00000 0.84088 0.15912 false false 1323980 5061867 6385847 1770681 69828089 27644124 43954646 23317057 17117661 12199396 4495448 4495448 67035337 0 ASSET RETIREMENT OBLIGATION 749180 DEPOSITS HELD FOR OTHERS 179018 ANNUITIES PAYABLE 27684 GOVERNMENTAL LOAN OBLIGATIONS 1699400 INTEREST RATE SWAPS 3347119 6002401 LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 The University's endowment consists of approximately 300 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the governing body to function as endowments (board designated endowment funds). As required by accounting principles generally accepted in the United States of America ("GAAP"), net assets associated with endowment funds, including board-designated endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions. The University's governing body has interpreted the State of Missouri Prudent Management of Institutional Funds Act (SPMIFA), adopted in August 2009, as requiring preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the University classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of donor-restricted endowment funds is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the University in a manner consistent with the standard of prudence prescribed by SPMIFA. In accordance with SPMIFA, the University considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: 1. Duration and preservation of the fund 2. Purposes of the University and the fund 3. General economic conditions 4. Possible effect of inflation and deflation 5. Expected total return from investment income and appreciation or depreciation of investments 6. Other resources of the University 7. Investment policies of the University Assets of the endowment fund are pooled on a market value basis. Each individual pooled endowment fund subscribes to or disposes of units on the basis of the per-unit market value at the beginning of the calendar month within which the transaction takes place. Under the University's endowment spending policy, for operational purposes the Board of Trustees annually directs that a percentage of a three-year rolling average market value of investments held for endowment purposes be allocated as a distribution of endowment income for current operations. For 2011, such percentage was 7%. The University has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. Endowment assets include those assets of donor-restricted endowment funds the University must hold in perpetuity or for donor-specified periods, as well as those of board-designated endowment funds. Under the Universitys policies, endowment assets are invested in a manner that is intended to maintain purchasing power, while reducing, to the greatest extent possible, the possibility of loss. The endowment funds return is measured on a time weighted total return basis over a one, three and five year period of time against appropriate benchmarks and a manager universe of funds having a similar investment style. To satisfy its long-term rate of return objectives, the University relies on a total return strategy in which investment returns are achieved through both current yield (investment income such as dividends and interest) and capital appreciation (both realized and unrealized). The University targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 The University publishes the following nondiscrimination statement on the University website, in the University catalog, in the University newspaper, on applications for admission, in the financial aid guide and other brochures and solicitations: "Rockhurst University is committed to providing equal opportunity for all persons regardless of race, color, creed, religion, sex, pregnancy status, sexual orientation, marital status, national origin or ancestry, age, gender, disability, citizenship or intending citizenship status, gender identity, veteran status or any other status protected by law. Equal opportunity extends to all aspects of the administration of educational policies, admissions policies, scholarship and loan programs, athletics, and other school-administered policies and programs, and in its employment related policies and procedures." FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, PART I, LINE 6A The University participates in the Federal Pell Grant, Academic Competitiveness Grant, National Science and Mathematics Access to Retain Talent Grant, Teacher Education Assistance for College and Higher Education Grant, Federal Work Study Program, ARRA Federal Work Study Program, Federal Supplemental Educational Opportunity Grant, Federal Perkins Loan, Federal Direct Loan and Federal Family Education Loan programs. Europe (Including Iceland and Greenland) Program Services EDUCATIONAL 35730 South America Program Services EDUCATIONAL 18200 North America Program Services EDUCATIONAL 7202 61132 61132 false false false false false false X X X X X X X true WILSON BENNETT TECHNOLOGY PHONE CAMPAIGN false 157415 61500 95915 157415 61500 95915 All States KC GOLF TOURNEY 25700 17595 8105 4500 7321 1289 2408 0 25700 17595 8105 4500 7321 1289 2408 15518 -7413 true SCHOLARSHIPS 1436 20352455 PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 THE GRANTS MADE BY THE UNIVERSITY ARE PRIMARILY FOR STUDENT AID AND SCHOLARSHIPS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY ON THE BASIS OF ACADEMIC AND ATHLETIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X X X X X false false false false false false false false false GUY SWANSON 166165 0 0 0 90 0 10074 0 9198 0 185527 0 0 0 JAMES M DALEY 143513 0 0 0 396 0 8827 0 3998 0 156734 0 0 0 WILLIAM HAEFELE 135283 0 0 0 198 0 8582 0 7953 0 152016 0 0 0 OFFICER COMPENSATION FORM 990, PART VII, SECTION A, LINE 1 THE COMPENSATION PAID TO REV THOMAS B CURRAN OSFS, PRESIDENT, IS PAID TO HIS RELIGIOUS ORDER. HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAP8 2011-02-14 21530309 SEE SCHEDULE K, PART V false false false HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60636AAQ6 2011-02-14 22790000 SEE SCHEDULE K, PART V false false false HEALTH & ED FACILITIES AUTHORITY OF THE ST OF MO 431178966 60635HK99 2011-04-26 4947775 SEE SCHEDULE K, PART V false false false 0 0 21530309 1728688 481925 6960516 426160 0 0 2750977 4418421 5245548 2011 true false false true 0 0 22790000 0 0 22790000 0 0 0 0 0 0 2011 true false true true 0 0 4947775 0 0 0 70735 0 4877040 0 0 0 2011 false false true true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false false 0.00000 0.00000 0.00000 true false false false false false false false true true BOA & WELLS FARGO 21.66 false false false false false false false false false false false DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN F BOND A: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011A BOND B: EDUCATIONAL FACILITIES REFUNDING REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2011B BOND C: REVENUE ANTICIPATION NOTE (PRIVATE EDUCATION WORKING CAPTIAL LOAN PROGRAM) SERIES 2011B SEE SCHEDULE L PART V BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV TRANSACTION 1 (A) JE DUNN CONSTRUCTION COMPANY (JE DUNN) (B) TERRENCE P DUNN IS A TRUSTEE OF ROCKHURST UNIVERSITY AND THE PRESIDENT/CEO OF JE DUNN. TERRENCE P DUNN, TRUSTEE, ALSO HAS A FAMILY RELATIONSHIP WITH ROBERT P DUNN, VICE PRESIDENT - COMMUNITY AFFAIRS FOR JE DUNN. (C) 3,082,992 (D) JE DUNN IS THE GENERAL CONTRACTOR FOR THE CONSTRUCTION OF THE UNIVERSITY'S NEW PARKING GARAGE FACILITY. (E) NO X 2 9220 RESALE VALUE X 18 92963 FMV AT DATE RECEIVED X 1 47500 APPRAISAL VALUE X VARIOUS 3 3 RESALE VALUE 0 false true true USE OF THIRD PARTIES TO SOLICIT, PROCESS OR SELL NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B THE UNIVERSITY USES AN OUTSIDE BROKERAGE FIRM TO SELL SHARES OF STOCK THE UNVERSITY RECEIVES AS CONTRIBUTIONS. NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN B THE AMOUNTS LISTED IN COLUMN B ARE A COMBINATION OF NUMBER OF CONTRIBUTIONS AND NUMBER OF ITEMS CONTRIBUTED. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. ROCKHURST IS CATHOLIC AND JESUIT, INVOLVED IN THE LIFE AND GROWTH OF THE CITY AND THE REGION, AND COMMITTED TO THE SERVICE OF THE CONTEMPORARY WORLD. BUSINESS AND FAMILY RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 TERRENCE P DUNN, GREG GRAVES AND CLYDE F WENDEL, ALL TRUSTEES, HAVE A BUSINESS RELATIONSHIP. TERRENCE P DUNN AND GREG GRAVES SERVE ON THE BOARD OF DIRECTORS FOR UMB BANK AND CLYDE F WENDEL IS THE VICE CHAIRMAN OF UMB BANK. THOMAS GERKE, TRUSTEE, AND WALTER B MCCORMICK, TRUSTEE, HAD A BUSINESS RELATIONSHIP UNTIL DECEMBER 2010. THOMAS GERKE SERVED ON THE BOARD OF DIRECTORS FOR US TELECOM ASSOCIATION, WHICH EMPLOYS WALTER B MCCORMICK. THOMAS A MCDONNELL, TRUSTEE AND TERRENCE P DUNN, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. THEY SERVE ON THE BOARD OF DIRECTORS FOR KANSAS CITY SOUTHERN. TERRENCE P DUNN, TRUSTEE AND ROBERT P DUNN, TRUSTEE ARE BROTHERS. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B An independent accounting firm prepares and reviews the 990 based upon information provided by University management and accounting personnel. The 990 is then reviewed by University management and accounting personnel. Any questions or concerns that University management and accounting personnel have are addressed and any corrections or clarifications are made. The draft version 990 is then provided to the Audit Committee of the Board of Trustees for their review. Any questions or concerns that the Audit Committee members have are addressed and any corrections or clarifications are made. An electronic copy of the final form 990 with all required schedules is provided to all members of the Board of Trustees. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C A copy of the Conflict of Interest policy is provided at the time of hire for faculty and administrative staff, and thereafter is available on the University's intranet site. In the case of the Board of Trustees, a copy of the Conflict of Interest policy is provided at the time of election, and thereafter on an annual basis each June. Trustees, officers, key employees and highly compensated employees are also required to complete annually a disclosure statement regarding business and family relationships, related persons and activities. The completed disclosure statements are reviewed by University management and accounting personnel, and are kept on file in the University's Office of Finance and Human Resources. If an interested party is an employee, a member with oversight of the department employing the individual shall make a determination as to whether a conflict exists and implement the appropriate safeguards and conflict management plan to protect the University and the parties, including notifying the Board of Trustees. If the interested party is an officer, trustee or member of a committee, after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the Board of Trustees or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or committee members shall decide if a conflict of interest exists. If the governing Board of Trustees or committee has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the governing Board of Trustees or committee determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & B The Executive Committee of the Board of Trustees determines the annual compensation for the University President. The President's compensation is compared to salary data for a benchmark group of peer institutions. The terms of the President's compensation are documented in a written employment contract on file in the University Human Resources Department. The President's compensation is paid to his Religious Order. The University Planning & Budgeting Committee makes an annual recommendation to the President and Board of Trustees for any salary adjustments for faculty and administrative staff within the parameters of the annual operating budget. This includes key employees of the organization. Additionally, the Executive Committee of the Board of Trustees annually reviews compensation for the key employees of the University and compares compensation to salary data for a benchmark group of peer institutions. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: RELATED ORGANIZATION REVENUES $ 42,461,816 RELATED ORGANIZATION EXPENSES (41,454,532) UNREALIZED GAINS & LOSSES 3,222,824 LOSS ON ADVANCE REFUNDING (1,088,920) MINORITY INTEREST IN EQUITY OF RUCEC (395,910) RESTRICTED INVESTMENT INCOME (10,116) CURMA INTEREST INCOME (2,613) -------------- TOTAL $ 2,732,549 ============== HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:REV THOMAS B CURRAN OSFS TITLE:TRUSTEE/PRESIDENT HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GUY SWANSON TITLE:VP FINANCE & ADMINISTRATION HOURS:1 ROCKHURST UNIVERSITY - CEC 6901 WEST 63RD ST SHAWNEE MISSION KS 66202 431576558 CONTINUING ED MO 501(C)(3) 9 ROCKHURST U WOODROCK FOUNDATION 1100 ROCKHURST ROAD KANSAS CITY MO 64110 430980688 REAL ESTATE MO 501(C)(2) N/A ROCKHURST U true false false true false false false false false false false false false false false false false true ROCKHURST UNIVERSITY - CEC A (I) 19434 ROCKHURST UNIVERSITY - CEC R 514413