2012-05-10T10:25:13-05:00 2011-06-30 PARENTEBEARD LLC 400 MARKET STREET WILLIAMSPORT PA 17701 990 2010-07-01 251024358 SAINT FRANCIS UNIVERSITY SAIN 8144723260 PO BOX 600 LORETTO PA 159400600 ROBERT G DATSKO 8144723260 2012-05-08 1 JULIUS C GREEN CPA JD 5703236023 2010 2016-02-24 21:20:13Z ROBERT G DATSKO PO BOX 600 LORETTO PA 159400600 96012278 0 X WWW.FRANCIS.EDU X 1847 PA NON-PROFIT EDUCATIONAL INSTITUTION LOCATED IN LORETTO, PENNSYLVANIA. 31 30 1927 50 317672 -2208 13253585 13039022 63407155 68457102 1665219 2043272 1064681 1546376 79390640 85085772 19938573 22234901 0 0 36454693 38037241 0 0 1045208 17178429 18006266 73571695 78278408 5818945 6807364 80359515 88961438 21371994 20596600 58987521 68364838 X A MIND FOR EXCELLENCE: SAINT FRANCIS UNIVERSITY OFFERS HIGHER EDUCATION IN AN ENVIRONMENT GUIDED BY CATHOLIC VALUES AND TEACHINGS, AND INSPIRED BY THE EXAMPLE OF OUR PATRON, SAINT FRANCIS OF ASSISI. THE OLDEST FRANCISCAN INSTITUTION OF HIGHER LEARNING IN THE UNITED STATES, SAINT FRANCIS UNIVERSITY IS AN INCLUSIVE LEARNING COMMUNITY THAT WELCOMES ALL PEOPLE.A SPIRIT FOR PEACE AND JUSTICE: UNIVERSITY PROGRAMS AND ACTIVITIES FOSTER SUCH FRANCISCAN VALUES AS A HUMBLE AND GENEROUS ATTITUDE TOWARD LEARNING, RESPECT FOR DIVERSITY AND THE UNIQUENESS OF INDIVIDUAL PERSONS, UNDERSTANDING OF ETHICAL ISSUES, AND REVERENCE FOR ALL LIFE. WITH A SPIRIT OF SIMPLICITY AND JOY, WE PROVIDE OPPORTUNITIES FOR THE UNIVERSITY COMMUNITY TO THINK CRITICALLY AND ANALYTICALLY, COMMUNICATE EFFECTIVELY, AND INTEGRATE THEORY AND PRACTICE. 0 0 68897075 22234901 56573338 SAINT FRANCIS UNIVERSITY ("SFU"), FOUNDED IN 1847 BY THE FRANCISCANS OF THE THIRD ORDER REGULAR, IS THE OLDEST FRANCISCAN COLLEGE IN THE NATION. LOCATED IN LORETTO, PA, THE UNIVERSITY IS AN INTEGRAL PART OF THE REGION, PROVIDING HIGHER EDUCATION, CULTURAL EVENTS, PERFORMING ARTS, ATHLETIC COMPETITION, AND NUMEROUS COMMUNITY OUTREACH PROGRAMS FOR CAMBRIA COUNTY AND BEYOND. OVER 96% OF THE UNIVERSITY'S UNDERGRADUATE STUDENTS RECEIVE SOME SORT OF FINANCIAL AID.SFU PROVIDES EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY AND SERVES BOTH TRADITIONAL AND NON-TRADITIONAL STUDENTS. IN ADDITION TO SFU'S MAIN CAMPUS LOCATION IN LORETTO, THE UNIVERSITY CONDUCTS INSTRUCTION AT VARIOUS LOCATIONS IN WESTERN AND CENTRAL PA IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. SFU CURRENTLY HAS APPROXIMATELY 1,581 FULL-TIME AND 140 PART-TIME UNDERGRADUATE STUDENTS AND 561 GRADUATE STUDENTS. ALL FULL-TIME UNDERGRADUATE STUDENTS ARE REQUIRED TO PERFORM COMMUNITY SERVICE. SFU ESTIMATES THAT OVER 12,417 HOURS WERE DEDICATED TO SERVICE BY SFU STUDENTS.THE UNIVERSITY'S CENTERS OFFER A WIDE VARIETY OF SERVICES FOR THE AREA: THE SMALL BUSINESS DEVELOPMENT CENTER (SBDC) PROVIDES EXPERTISE IN FINANCING, MARKETING, AND OPERATIONAL MANAGEMENT TO LOCAL BUSINESSES AND ENTREPRENEURS. THE CENTER FOR GLOBAL COMPETITIVENESS (CGC) PROVIDES BUSINESS CONSULTING SERVICES TO COMPANIES INTERESTED IN DEVELOPING INTERNATIONAL AND DOMESTIC MARKETING STRATEGIES. CONSULTING IN INTERNATIONAL TRADE MATTERS SUCH AS MARKETING, RESEARCH, AND EXPORTING ISSUES IS AN INTEGRAL PART OF THE CENTER'S ACTIVITIES. THESE PROJECTS ARE FUNDED THROUGH FEDERAL AND STATE GRANTS AND SERVICES ARE PROVIDED TO BUSINESSES AT NO COST.THE CENTER OF EXCELLENCE FOR REMOTE AND MEDICALLY UNDERSERVED AREAS (CERMUSA) IS A RESEARCH CENTER AT THE UNIVERSITY THAT TESTS AND EVALUATES THE MOST EFFECTIVE COMMUNICATIONS AND INFORMATION TECHNOLOGIES AVAILABLE FOR THE DELIVERY OF HEALTHCARE AND EDUCATION IN RURAL AND ISOLATED AREAS. THE CENTER WORKS WITH LOCAL HOSPITALS AND AMBULANCE ORGANIZATIONS TO WORK ON WAYS TO IMPROVE THE HEALTH CARE DELIVERY IN RURAL AREAS.THE DOROTHY DAY CENTER SERVES AS THE MAJOR ARM OF OUTREACH FOR THE UNIVERSITY THROUGH FAITH, EDUCATIONAL, AND SOCIAL SERVICES. THE CENTER OFFERS A VARIETY OF ASSISTANCE TO THE ECONOMICALLY DISADVANTAGED, INCLUDING EMERGENCY FINANCIAL AID, FOOD, AND CLOTHING, AS WELL AS DIRECT STUDENT ASSISTANCE THROUGH MANY VOLUNTEER PROGRAMS. MAJOR PROGRAMS INCLUDE THE SMILE AND PLUS-1 PROGRAMS. THESE PROGRAMS USE UNIVERSITY STAFF AND STUDENTS TO WORK WITH ECONOMICALLY DISADVANTAGED YOUTH OF THE AREA, IN THE AREAS OF READING SKILLS, TUTORING, AND OTHER LIFE EXPERIENCE SKILLS.THE UPWARD BOUND CENTER IS A FEDERAL PROGRAM FUNDED BY THE U.S. DEPARTMENT OF EDUCATION AND DESIGNED TO PREPARE LOW INCOME, POTENTIAL FIRST-GENERATION COLLEGE STUDENTS FOR THE RIGORS OF POSTSECONDARY EDUCATION. PROVIDED AT NO COST TO THE PARTICIPANTS, THE PROGRAM OFFERS A WIDE VARIETY OF ACADEMIC, CAREER, AND CULTURAL DEVELOPMENT ACTIVITIES FOR STUDENTS. FROM SEPTEMBER TO MAY, STUDENTS PARTICIPATE IN SATURDAY FOLLOW-UPS HELD ON CAMPUS AND TUTORIALS HELD AFTER SCHOOL IN THEIR COMMUNITIES. ADDITIONAL ACADEMIC YEAR ACTIVITIES INCLUDE COLLEGE VISITS, SAT CRAM SESSIONS, AND COLLEGE FAIRS. DURING THE SIX-WEEK RESIDENTIAL SUMMER PROGRAM, STUDENTS ATTEND FIVE ACADEMIC CLASSES EACH DAY AND PARTICIPATE IN A WIDE VARIETY OF CAREER AND CULTURAL ACTIVITIES. ON AVERAGE, 93% OF UPWARD BOUND STUDENTS GO ON TO COLLEGE IMMEDIATELY AFTER HIGH SCHOOL. AFTER COMPLETING HIGH SCHOOL, 80% OF UPWARD BOUND GRADUATES EARN A COLLEGE DEGREE WITHIN FIVE YEARS.THE UNIVERSITY HOSTS APPROXIMATELY 298 HIGH SCHOOL STUDENTS IN A VARIETY OF ACADEMIC PROGRAMS INCLUDING SCIENCE DAY, MATH DAY, AND BUSINESS DAY. THESE SERVICES ARE PROVIDED TO PARTICIPANTS AT LITTLE OR NO COST. THEY INCLUDE A DAY OF WORKING WITH VARIOUS UNIVERSITY PROFESSORS, GUEST PROFESSORS, AND STUDENTS TO PRESENT AREA HIGH SCHOOL STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE EXCITING TOPICS IN VARIOUS CONCENTRATIONS. ADDITIONALLY, THE UNIVERSITY HOSTS FORENSIC COMPETITIONS FOR HIGH SCHOOLS IN THE REGION AND A SPELLING BEE COMPETITION FOR ELEMENTARY STUDENTS. 68897075 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 147 0 1 1927 1 1 1 1 FR 0 0 0 1 1 0 0 0 0 0 X 31 30 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ROBERT G DATSKO VP OF FINANCE 8144723260 117 EVERGREEN DRIVE 323 SCOTUS HALL LORETTO PA 159400600 REV GABRIEL J ZEIS 40.00 X X 0 0 0 VERY REV CHRISTIAN R ORAVEC TOR 1.00 X X 0 0 0 LINDA EREMITA 1.00 X 0 0 0 NANCY PCAMPBELL 1.00 X 0 0 0 JOHN S CONNORS 1.00 X 0 0 0 DR JOHN ALEXANDER 1.00 X 0 0 0 BRUNO DEGOL JR 1.00 X 0 0 0 JOSEPH J DISEPIO 1.00 X 0 0 0 RICHARD F FIORE SR 1.00 X 0 0 0 DANIEL FRIEDRICH 1.00 X 0 0 0 SHERRY CRAIN-GORDIAN 1.00 X 0 0 0 THE HONORABLE MAUREEN LALLY-GREEN 1.00 X 0 0 0 JOHN P HALICKY 1.00 X 0 0 0 THOMAS HOYNE CPA 1.00 X 0 0 0 J CRILLEY KELLY ESQ 1.00 X 0 0 0 STEPHEN M KRENTZMAN 1.00 X 0 0 0 PAUL S MCGRATH JR ESQ 1.00 X 0 0 0 REV TERENCE HENRY TOR 1.00 X 0 0 0 JAMES MORHARD ESQ 1.00 X 0 0 0 EUGENE PETERS ESQ 1.00 X 0 0 0 REV DAVID PIVONKA TOR 1.00 X 0 0 0 REV FRANK SCORNAIENCHI TOR 1.00 X 0 0 0 BR LAWRENCE HILFERTY TOR 1.00 X 0 0 0 KENNETH J HOROHO JR ESQ 1.00 X 0 0 0 THE HONORABLE BUD SHUSTER 1.00 X 0 0 0 REV DANIEL PATTEE 1.00 X 0 0 0 REV SIMON ZAYAS TOR 1.00 X 0 0 0 FRANK QUITONI 1.00 X 0 0 0 EUGENE TOOMEY 1.00 X 0 0 0 REV JUDE VENTIQUATTRO TOR 1.00 X 0 0 0 REV SEAN SHERIDAN 1.00 X 0 0 0 ROBERT DATSKO 40.00 X 132564 0 29891 ROBERT CRUSCIEL 40.00 X 74083 0 19829 DR PATRICIA SEROTKIN 40.00 X 122206 0 29063 DR WAYNE POWEL 40.00 X 131876 0 31743 RAY PONCIONE 40.00 X 87098 0 17305 FRANK C MONTECALVO JR 40.00 X 122009 0 30833 DONALD S FRIDAY JR 35.00 X 146654 0 33845 RANDY L FRYE 35.00 X 145648 0 33370 JAMES W LOGUE 35.00 X 129220 0 31561 DOUGLAS R SOUTHARD 35.00 X 120271 0 29532 1211629 0 286972 21 0 1 0 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 152644091 FOOD & FOOD SVC MANAGEMENT 1923992 CELLI FLYNN BRENNAN ARCHITECTS 606 LIBERTY AVENUE PITTSBURGH PA 152222720 ARCHITECTS 484315 PIPITONE GROUP 3933 PERRYSVILLE AVENUE PITTSBURGH PA 152141735 MARKETING CONSULTING & BROCHURES 253588 IKON FINANCIAL SERVICES PO BOX 41564 PHILADELPHIA PA 191011564 COPIER SERVICES 193150 LYRASIS 100 N 20TH STREET SUITE 302 PHILADELPHIA PA 19103 LIBRARY SERVICES 130860 8 13185 5886508 7139329 185994 13039022 TUITION AND FEES 611710 55031830 55031830 AUXILIARY ENTERPRISES 611710 11899853 11899853 ATHLETIC REV 611710 1525419 1525419 68457102 805898 805898 85979 26138 59841 59841 59841 11185712 9121 9668747 288712 1516965 -279591 1237374 1237374 13500 13185 10957 2543 2543 1310801 931952 378849 378849 SEWER & WATER 611710 290549 290549 GOLF COURSE 713910 278041 278041 FINES AND PARKING 900099 86833 86833 449720 16089 39631 394000 1105143 85085772 55047919 317672 16681159 55700 55700 22179201 22179201 834302 834302 25681175 23194425 1854113 632637 1543478 1148131 347221 48126 5823950 3026679 2708259 89012 4154336 3673220 437496 43620 53681 53681 121010 121010 48000 48000 1172254 1131831 40423 674457 551855 122602 2534108 1824186 629279 80643 46913 46913 1981789 1186705 795084 2359852 2187360 147648 24844 74133 54597 19536 616899 616899 3513662 3513662 538398 538398 FOOD SERVICE 1483453 1477754 5699 EDUCATIONAL EXPENSES 971978 563910 298998 109070 REPAIRS 343638 86303 257335 LIBRARY 300948 300948 DUES 237459 152424 79003 6032 933634 503672 418738 11224 78278408 68897075 8336125 1045208 11950 12451 1531938 2641620 435643 384423 3279023 3040097 1591245 1509326 406890 457005 588655 645825 85518532 40648278 45083565 44870254 25886377 33613096 420625 655253 1123604 1132088 80359515 88961438 4649254 4595956 2697508 2923363 8765000 8345000 2952264 2578420 2307968 2153861 21371994 20596600 X 21649382 24085097 18872632 21479776 18465507 22799965 58987521 68364838 80359515 88961438 X 6807364 2569953 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 48000 48000 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE COLLEGE PAID $48,000 TO AMERICAN DEFENSE INTERNATIONAL FOR LOBBYING. 0 53910 X 0 25347028 4250120 4689809 987492 33299465 18988419 5311468 2035205 988064 25347028 22780191 162304 -2921416 1032660 18988419 0.16850 0.83150 0 0 380284 380284 60812430 39888965 20923465 22745394 759313 21986081 1580424 1580424 44870254 STUDENT DEPOSITS AND PREPAYMENTS 606395 ANNUITIES PAYABLE 73315 ADVANCE FROM FEDERAL GOVERNMENT FOR STUDENT LOANS 1312650 OBLIGATIONS UNDER CAPITAL LEASES 161501 2153861 85085772 78278408 6807364 2547920 22033 2569953 9377317 66445571 2547920 -22157168 -19609248 86054819 -969047 -969047 85085772 57068254 969047 969047 56099207 22179201 22179201 78278408 PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE COMPRISED OF BOOKS AND PAINTINGS AND CONGRESSMAN SHUSTER'S ARCHIVES. EACH OF THE ITEMS IS CATALOGED FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CULTURAL PURPOSES, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PRIMARY PURPOSE OF THE ENDOWMENTS IS TO PROVIDE STUDENT SCHOLARSHIPS AND AWARDS. ALSO, A PORTION OF THE ENDOWMENTS FUND VARIOUS TECHNOLOGY PROGRAMS AND SPONSORED CHAIR EVENTS FOR STUDENTS AND THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS 22,033. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS 22,033. TUITION ASSISTANCE -22,179,201. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES -931,952. RENTAL EXPENSES -26,138. FUNDRAISING EVENT EXPENSES -10,957. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE EXPENSES 931,952. RENTAL EXPENSES 26,138. FUNDRAISING EVENT EXPENSES 10,957. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 22,179,201. 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 RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND OTHER PRINT MEDIA OF GENERAL CIRCULATION. THE POLICY IS ALSO ACCESSIBLE VIA THE UNIVERSITY'S WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHOLARSHIPS/GRANTS ARE AWARDED TO STUDENTS BASED UPON THE ACADEMIC PROFILE OF THE STUDENT AND DEMONSTRATED FINANCIAL NEED. IN DETERMINING FINANCIAL NEED, THE U.S. DEPARTMENT OF EDUCATION'S APPROVED NEEDS ANALYSIS SYSTEM (CONGRESSIONAL METHODOLOGY) IS UTILIZED TO ENSURE INSTITUTIONAL COMPLIANCE WITH ALL APPLICABLE FEDERAL REGULATIONS (TITLE IV PROGRAMS), STATE GUIDELINES, AND UNIVERSITY POLICY IN THE DISTRIBUTION OF FINANCIAL AID. FRANCE 1 1 PROGRAM SERVICES STUDY ABROAD PROGRAM 329340 1 1 0 0 1 1 329340 0 329340 0 0 0 0 0 0 GOLF TOURNAMENT 26685 13185 13500 10957 26685 13185 13500 10957 10957 2543 1 LORETTO BOROUGH PO BOX 35 LORETTO PA 15940 N/A 35209 CASH N/A CONTRIBUTIONS FOR FINANCIAL SUPPORT 1 0 INSTITUTIONAL SCHOLARSHIPS 1610 21676426 0 CASH N/A ENDOWED SCHOLARSHIPS 188 502775 0 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO STUDENTS WHO MEET THE FINANCIAL REQUIREMENTS AS DEMONSTRATED BY THE RESULTS FROM FEDERAL FREE APPLICATION FOR FEDERAL STUDENT AID. ENDOWED SCHOLARSHIP RECIPIENTS ALSO MEET THE SPECIFIC CRITERIA AS IDENTIFIED BY THE DONORS. X X X 0 0 0 0 0 0 0 0 0 ROBERT DATSKO 132564 0 0 0 0 0 0 0 29891 0 162455 0 0 0 DR PATRICIA SEROTKIN 122206 0 0 0 0 0 0 0 29063 0 151269 0 0 0 DR WAYNE POWEL 131876 0 0 0 0 0 0 0 31743 0 163619 0 0 0 FRANK C MONTECALVO JR 122009 0 0 0 0 0 0 0 30833 0 152842 0 0 0 DONALD S FRIDAY JR 146654 0 0 0 0 0 0 0 33845 0 180499 0 0 0 RANDY L FRYE 145648 0 0 0 0 0 0 0 33370 0 179018 0 0 0 JAMES W LOGUE 129220 0 0 0 0 0 0 0 31561 0 160781 0 0 0 PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS 2003 AA4 232243852 70917NZW7 2003-10-01 10585000 FOR CAPITAL IMPROVEMENTS AND TO REFINANCE DEBT 0 0 0 1820000 10585000 959679 191795 9433526 2005 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 RICHARD F FIORE SR BOARD TRUSTEE 130518 RICHARD FIORE IS AN OFFICER OF L.S. FIORE INC. THE UNIVERSITY ENTERED INTO MULTIPLE CONSTRUCTION RELATED CONTRACTS WITH THE COMPANY. FOR THESE PROJECTS THE UNIVERSITY SOLICITED SEALED BIDS FOR THE PROJECTS AND BIDS ARE OPENED IN A PUBLIC SETTING AND CONTRACTS WERE AWARDED TO THE LOWEST BIDDER. 0 X 6000 FMV X 2 100000 FMV X OFFICE EQUIPMENT 8 79994 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART AND THE PRESIDENT OF THE UNIVERSITY ARE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. BOTH SERVE ON THE GOVERNING BOARD OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY CONTRACTS WITH PARKHURST DINING SERVICES TO MANAGE THE FOOD SERVICE OPERATIONS OF THE UNIVERSITY. THE FOOD SERVICE MANAGER AND SEVERAL SUPERVISORS ARE PARKHURST EMPLOYEES. THE BALANCE OF THE FOOD SERVICE AND CATERING EMPLOYEES ARE EMPLOYED BY SAINT FRANCIS UNIVERSITY. THE VP OF FINANCE HAS REGULAR MEETINGS WITH THE MANAGER AND PARKHURST TO DISCUSS OPERATIONAL ISSUES. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY'S BY-LAWS ESTABLISH THAT THE MINISTER PROVINCIAL OF THE PROVINCE OF THE MOST SACRED HEART AND THE PRESIDENT OF THE UNIVERSITY ARE EX OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE BY-LAWS OF SAINT FRANCIS UNIVERSITY PROVIDE THAT AT ALL TIMES AT LEAST TWENTY PERCENT OF THE MEMBERS OF THE BOARD OF TRUSTEES SHALL ALSO BE MEMBERS OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS OF THE THIRD ORDER REGULAR OR MEMBERS OF THE THIRD ORDER REGULAR. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS OF SAINT FRANCIS UNIVERSITY PROVIDE THAT THE BOARD OF TRUSTEES SHALL OBSERVE THE LAWS OF THE ROMAN CATHOLIC CHURCH RESPECTING THE UNIVERSITY AND ALL PROPERTY OF THE UNIVERSITY. THE BY-LAWS REQUIRE THAT, BEFORE TAKING ACTION ON CERTAIN PROPOSALS AS OUTLINED IN THE BY-LAWS, THE BOARD SHALL REFER THE PROPOSAL TO THE PROVINCIAL COUNCIL OF THE PROVINCE OF THE MOST SACRED HEART OF JESUS OF THE THIRD ORDER REGULAR TO SECURE ANY AND ALL APPROVALS AND AUTHORIZATIONS FOR SUCH ACTION THAT MAY BE REQUIRED UNDER ROMAN CATHOLIC CHURCH LAW. IN ADDITION, THE BY-LAWS OF SAINT FRANCIS UNIVERSITY REQUIRE THAT THE PRESIDENT OF THE UNIVERSITY SHALL BE ELECTED BY THE TRUSTEES FROM AMONG THE FRIARS OF THE THIRD ORDER REGULAR OF SAINT FRANCIS OF PENANCE, AFTER RECEIVING THE RECOMMENDATIONS MADE BY THE NOMINATING COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 ALL TRUSTEES RECEIVED AN EMAIL CONTAINING A COPY OF THE 990 BEFORE IT WAS SUBMITTED. THE FINANCIAL AFFAIRS COMMITTEE REVIEWED THE 990 IN DETAIL PRIOR TO FILING. TRUSTEES HAVE RECEIVED TRAINING ON THEIR RESPONSIBILITIES FOR THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. THE STATEMENTS ARE THEN REVIEWED AND MONITORED BY THE PRESIDENT'S OFFICE. THE CONFLICT OF INTEREST POLICY DESCRIBES HOW CONFLICTS ARE HANDLED AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION STUDY AND REVIEW IS CONDUCTED ANNUALLY TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. EACH YEAR THE CHIEF HR OFFICER, IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, REVIEWS ALL SALARIES AND BENEFITS, INCLUDING THE CEO'S. EACH EMPLOYEE HAS A SPECIFIC JOB TITLE THAT CORRESPONDS WITH THE BENCHMARK REPORTS USED. THE BENCHMARK SALARIES FOR A PARTICULAR YEAR ARE UPDATED EACH YEAR PRIOR TO SALARY INCREASES BEING COMPUTED. THE VP FOR FINANCE REVIEWS THE REPORT WITH THE CHIEF HR OFFICER FOR FINAL APPROVAL. REVIEW AND APPROVAL OF COMPENSATION LEVELS IS DOCUMENTED IN COMMITTEE MINUTES. ALL OF THE GUIDELINES AND STEPS TAKEN ARE OUTLINED AND EXPLAINED IN THE COMPENSATION HANDBOOK. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,547,920. CHANGE IN THE VALUATION OF SPLIT-INTEREST AGREEMENTS 22,033. TOTAL TO FORM 990, PART XI, LINE 5: 2,569,953. FORM 990, SCHEDULE K, LINE 3 THERE ARE NO MANAGEMENT OR SERVICE CONTRACTS OR RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTIES FOR THE 2003 BONDS. DISEPIO INSTITUTE FOR RURAL HEALTH AND WELLNESS 108 FRANCISCAN WAY LORETTO PA 15940 262418607 HEALTH AND WELLNESS CENTER PA 501(C)(3) 9 SAINT FRANCIS UNIVERSITY 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1