2012-03-29T14:06:47-04:00 2011-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2010-06-01 231352654 LA SALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 REBECCA HORVATH 2012-03-27 true 7032868000 2010 2016-02-24 21:20:13Z MICHAEL J MCGINNIS FSC PHD 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 212718428 false X WWW.LASALLE.EDU X 1863 PA LA SALLE UNIVERSITY IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. 37 35 3073 38 112114 -33571 11061352 9976637 158822485 166046186 -1888634 1865596 3321322 8675782 171316525 186564201 49301915 53165911 0 0 78270583 81119922 0 0 3119035 46717381 46375548 174289879 180661381 -2973354 5902820 237199189 250159851 168340818 165829938 68858371 84329913 X SEE ATTACHMENT 1 false false 53165911 53165911 STUDENT FINANCIAL ASSISTANCE: THE UNIVERSITY PROVIDED AWARDS TO FULL-TIME AND QUALIFYING PART-TIME STUDENTS. 47371224 142981599 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 3,311 AND 3,118 FULL-TIME, UNDERGRADUATE DAY STUDENTS IN THE FALL OF 2010 AND THE SPRING OF 2011 SEMESTERS. SUMMER PART-TIME, GRADUATE, EVENING AND DOCTORATE PROGRAMS PROVIDING 59,458 CREDIT HOURS. 21392550 23387540 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED BOOKSTORE , HOUSING AND DINING SERVICES AT ANNUAL COSTS OF ROOM - $5,910 AND BOARD OF $4,900. THE UNIVERSITY PROVIDED ROOMS TO 1,975 AND 1,864 STUDENT AND MEALS TO 2,041 AND 1,887 IN THE FALL 2010 AND SPRING 2011 SEMESTERS. 35506037 8352829 157435722 true true false false false false true false true true true false false true true true false true false true false false false true false false false true true true false false false false false true false true false true true true false false false true true false false false true 287 0 true 3073 true true true false false false false true true false false false false X 37 35 false false false true false false false true true false false false true true true false false true true false PA X REBECCA HORVATH AVP FINANCE 2159511858 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 X MICHAEL J MCGINNIS FSC PHD 40.0 X X 0 0 38578 SUSAN BARRETT 1.0 X 0 0 0 JAMES L BUTLER F S C 1.0 X 0 0 0 DIEGO CALDERIN 1.0 X 0 0 0 SUSAN ALTAMORE CARUSI 1.0 X 0 0 0 JOHN M DALY M D 1.0 X 0 0 0 EDWARD J FIERKO '63 1.0 X 0 0 0 DANIEL K FITZPATRICK 1.0 X 0 0 0 JOHN FRIES '66 1.0 X 0 0 0 JOSEPH A FRICK 1.0 X 0 0 0 JAMES GAFFNEY F S C 1.0 X 0 0 0 GAETANO P GIORDANO 1.0 X 0 0 0 ELMER F HANSEN 1.0 X 0 0 0 ANTHONY HAYDEN '67 1.0 X 0 0 0 BRIAN HENDERSON F S C '92 1.0 X 0 0 0 RICARDO JOHNSON 1.0 X 0 0 0 WILLIAM KELLY JR 1.0 X 0 0 0 BERNADETTE M MANGAN 1.0 X 0 0 0 DENNIS MALLOY F S C 1.0 X 0 0 0 WILLIAM J MARKMANN M D '70 1.0 X 0 0 0 WILLIAM W MATTHEWS III ESQ '90 1.0 X 0 0 0 WILLIAM J MCCORMICK '58 1.0 X 0 0 0 LAURA KIND MCKENNA 1.0 X 0 0 0 JAMES MORRIS '79 1.0 X 0 0 0 JAMES O ROURKE 1.0 X 0 0 0 WILLIAM R SAUTTER CPA '71 1.0 X 0 0 0 ROBERT SCHIELER F S C '72 1.0 X 0 0 0 JAMES J SMART CPA '79 1.0 X 0 0 0 JUDITH A SPIRES '75 1.0 X 0 0 0 KEVIN M STANTON F S C '60 1.0 X 0 0 0 GREGORY J WEBSTER 1.0 X 0 0 0 FARAH MARIA JIMINEZ 1.0 X 0 0 0 ROBERT A KENNEDY 1.0 X 0 0 0 ROBERT KESTLER 1.0 X 0 0 0 BRENNAN PATRICK O'DONNEL PHD 1.0 X 0 0 0 FRANK C PALOPOLI 1.0 X 0 0 0 RALPH MAURO ESQ '84 1.0 X 0 0 0 MATTHEW S MCMANNESS 40.0 X 322158 0 35590 EDWARD J SHEEHY PHD '68 40.0 X 0 0 12345 JOSEPH MARBACH 40.0 X 95465 0 7082 R BRIAN ELDERTON 40.0 X 214308 0 22644 JOHN F DOLAN 40.0 X 204030 0 33959 JAMES MOORE 40.0 X 175552 0 32079 RICHARD A NIGRO 40.0 X 238057 0 37319 JOHN GIANNINI 40.0 X 376936 0 40663 YUSUF J UGRAS 40.0 X 208014 0 38710 PAUL R BRAZINA 40.0 X 217316 0 20197 THOMAS BRENNAN 40.0 X 210612 0 18353 2262448 0 337519 108 false true false P AGNES INC 2101 PENROSE AVENUE PHILADELPHIA PA 19145 CONSTRUCTION 1597253 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 STRATEGIC MEDIA SVS 998906 MONTGOMERY MCCRACKEN WALKER RHOAD 123 SOUTH BROAD STREET PHILADELPHIA PA 19109 LEGAL SERVICES 936544 ALLIED BARTON SECURITY SERVICES SECURITY SERVICES 713619 MARINO BUILDING CONTRACTORS INC 307 SUSQUEHANNA ROAD AMBLER PA 19002 BLDG CONTRACTORS 631494 18 352455 5080574 4543608 64090 9976637 TUITION & FEES 900099 140820116 140820116 RESIDENCE HALLS 900099 12375294 12375294 DINING SERVICES 900099 10422852 10422852 ACADEMIC RELATED REVENUES 900099 2161483 2161483 CAMPUS STORE 900099 266441 266441 166046186 1587689 -15983 1603672 0 0 1663969 1443016 220953 220953 207771 13182 24685208 24407301 277907 277907 277907 92721 352455 92721 0 0 313189 211189 102000 102000 ADMIN AND OTHER REVENUES 541800 8352829 8237914 114915 8352829 186564201 174593871 112114 1881579 0 53165911 53165911 0 0 1233778 1003354 230424 0 62724209 53293937 7599574 1830698 3159511 2678633 394998 85880 9388473 7959547 1173734 255192 4613951 3911707 576830 125414 0 966765 966765 226555 226555 0 0 231418 0 231418 0 4016193 2719153 1152004 145036 4720768 2385381 2034794 300593 6138319 4571833 1566486 505557 435193 70364 0 0 541403 541103 300 2183852 1887855 174297 121700 0 339629 287970 40385 11274 4725138 4299876 425262 0 6393899 6138143 255756 1748061 1735237 12824 UTILITIES 5149966 4840968 308998 REPAIRS, MAINTENANCE, GENERAL 2797213 2024741 772472 FOOD-CAFETERIA 2629491 2629491 BAD DEBT EXPENSE 1016158 1016158 STUDY ABROAD 470714 470714 1574449 1458329 116120 0 180661381 157435722 20106624 3119035 33639 26368 8992103 11376583 2680841 2156364 3952246 2870385 595000 595000 141755 0 129880 302906 523406 766842 231425072 98440320 137453489 132984752 52770930 66202300 15603116 18687623 6943003 6722394 7379781 7468334 237199189 250159851 10380432 10470062 5500018 5059794 132835000 130275000 0 0 19625368 20025082 168340818 165829938 X 38129190 47821003 12294239 15706025 18434942 20802885 68858371 84329913 237199189 250159851 X 5902820 9568722 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64090 3856929 X X false 59578560 2400171 14775965 984871 1543113 74226712 55193971 1810684 6083763 1275745 2234113 59578560 74671248 1344902 -16161026 1276056 3385097 55193971 0.54000 0.46000 false false 0 17505255 17505255 0 187505076 81232664 106272412 10148852 4979877 5168975 16265889 12227779 4038110 132984752 HEDGE FUNDS 9747200 F PRIVATE EQUITY 3968353 F VENTURE CAPITAL 3737017 F NATURAL RESOURCES 699674 F REAL ESTATE FUND 535379 F 18687623 0 POST RETIREMENT BENEFIT LIABIL 12687591 ADV FEDERAL GOV'T STUDENT LOANS 5984029 ASSET RETIREMENT OBLIGATION 722064 OTHER LIABILITIES 631398 20025082 186564201 180661381 5902820 9568722 9568722 15471542 144389799 9568722 -53165911 -43597189 187986988 -1422787 -1422787 186564201 128918257 -53165911 -53165911 182084168 -1422787 -1422787 180661381 PART III LINE 4 ONE OF THE MUSEUM'S PRIMARY GOALS HAS BEEN TO DEVELOP A COMPREHENSIVE COLLECTION OF EUROPEAN AND AMERICAN ART FROM THE RENAISSANCE TO THE PRESENT, AND IT STRIVES TO DOCUMENT THIS HISTORY WITH EXAMPLES OF MOST OF THE MAJOR ART MOVEMENTS WITH A WIDE SELECTION OF SUBJECTS. OTHER HOLDINGS INCLUDE GROUPS OF RARE ILLUSTRATED BIBLES, JAPANESE PRINTS (19TH-20TH CENTURIES), INDIAN MINIATURES, AFRICAN CARVINGS AND IMPLEMENTS, PRE-COLUMBIAN POTTERY AND ANCIENT GREEK CERAMICS. THE UNIVERSITY IN 1976 BEGAN A DEGREE PROGRAM IN ART HISTORY AND SIMULTANEOUSLY BEGAN ACQUIRING ART. WHAT BEGAN AS A MODEST STUDY COLLECTION HAS BECOME THE LA SALLE ART MUSEUM, CONSIDERED ONE OF THE CITY'S GEMS. PART V LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 120 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2011, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET 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. PART XII LINE 2D AND PART XIII LINE 2D THIS REFLECTS STUDENT FINANCIAL ASSISTANCE THAT LASALLE AWARDED IN THE 2010-11 FISCAL YEAR. THE REVENUE NUMBER IN LINE 1 OF THIS SECTION IS NET OF THIS NUMBER. PART XII LINE 4B AND PART XIII LINE 4B RECLASSIFICATION OF THE FOLLOWING EXPENSES: RENTAL <$1,443,016> COST OF GOODS SOLD < 211,189> INVESTMENT EXPENSES 231,418 ---------- TOTAL <$1,422,787> true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 LA SALLE UNIVERSITY INCLUDES THIS POLICY IN ALL DOCUMENTS, INCLUDING RESEARCH MATERIALS AND ITS WEBSITE. SCHEDULE E - EXPLANATION FOR LINE 6A LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: PERKINS STUDENT LOAN PROGRAM; COLLEGE WORK STUDY PROGRAMS; AND THE PELL GRANT PROGRAM false Europe (Including Iceland and Greenland) 0 0 Program Services INSTRUCTION 315936 Europe (Including Iceland and Greenland) 0 0 Program Services ROOM & BOARD 154778 Central America and the Caribbean 0 0 Investments 12729531 0 0 0 0 13200245 13200245 true false true true false false PART I, LINE 1 THE OFFICE OF STUDENT FINANCIAL SERVICES ASSISTS STUDENTS AND THEIR FAMILIES IN FINANCING THEIR LA SALLE EDUCATION THROUGH SCHOLARSHIPS, GRANTS, LOANS AND/OR ONE OF THE UNIVERSITY'S WORK PROGRAMS. AS IT PERTAINS TO THOSE STUDENTS WHO CHOOSE TO STUDY ABROAD, THEIR GRANTS ARE NOT TAKEN OUTSIDE THE US BUT APPLIED TO THEIR TOTAL LA SALLE BILL. STUDENTS ARE PERMITTED TO USE A MAXIMUM OF $1,000 FROM ANY ONE LA SALLE UNIVERSITY GRANT OR SCHOLARSHIP FUND TO PAY FOR STUDY ABROAD TUITION IN IRELAND, AUSTRALIA AND ROME; AND A TOTAL OF $4,000 TOWARDS STUDY ABROAD TUITION IN MEXICO, PER SEMESTER OF STUDY ABROAD. THIS INCLUDES THE FOUNDER'S SCHOLARSHIP, MISSION GRANT, CHRISTIAN BROTHERS SCHOLARSHIP, FEDERAL SEOG GRANT AND ANY ENDOWED SCHOLARSHIP THAT IS AWARDED THROUGH STUDENT FINANCIAL SERVICES. THESE ARE THE ONLY LA SALLE FUNDS THAT MAY BE AWARDED FOR STUDY ABROAD TUITION. AT THE END OF THE STUDENT'S STUDY ABROAD EXPERIENCE, THE OFFICE OF STUDENT FINANCIAL SERVICES WILL MONITOR THE STUDENTS GRADES TO ENSURE THAT THEY DID ATTEND THE STUDY ABROAD INSTITUTION. BECAUSE GRANTS ARE NOT TAKEN OUTSIDE THE US BUT INSTEAD APPLIED TO THE STUDENT'S LA SALLE BILL, ALL GRANTS ARE SHOWN ON SCHEDULE I. PRESIDENT'S CUP 255667 192646 63021 5362 43373 CHARTER DINNER 189509 159809 29700 41374 2612 0 445176 352455 92721 46736 45985 92721 true GEN. PURPOSE MERIT SCHOLARSHIP & NEED-BASED 3039 42524391 SPECIAL PURPOSE - ATHLETIC AID 335 4685790 SPECIAL PURPOSE - GRADUATE AID 427 610938 ADP TUITION WAIVER 42 123525 BURNS ROTC SCHOLARSHIP (UNDERGRADUATE) 6 47969 BI-LINGUAL STUDIES GRANT 93 68688 CHRISTIAN BROTHERS' RELATIVES 8 103514 MERIT BASED SCHOLARSHIPS FOR FRESHMEN 56 1849975 COMMUNITY SERVICE SCHOLARSHIPS 19 171600 PRESIDENTIAL DISCRETIONARY GRANTS 2 8240 STUDENTS INTENDING TO BECOME CHRISTIAN BROS GRANTS 4 79080 FSW MATCH 142342 SEOG MATCH 175802 PART IV AS OUTLINED IN PART III, LA SALLE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE STUDENT FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. X true true X false false false false false false false false false MATTHEW S MCMANNESS 314497 0 0 0 7661 0 19600 0 15990 0 357748 0 0 0 R BRIAN ELDERTON 214308 0 0 0 0 0 0 0 22644 0 236952 0 0 0 RICHARD A NIGRO 238057 0 0 0 0 0 18810 0 18509 0 275376 0 0 0 JOHN F DOLAN 204030 0 0 0 0 0 12957 0 21002 0 237989 0 0 0 JOHN GIANNINI 376936 0 0 0 0 0 19600 0 21063 0 417599 0 0 0 YUSUF J UGRAS 208014 0 0 0 0 0 15190 0 23520 0 246724 0 0 0 PAUL R BRAZINA 217316 0 0 0 0 0 16752 0 3445 0 237513 0 0 0 THOMAS BRENNAN 210612 0 0 0 0 0 16145 0 2208 0 228965 0 0 0 JAMES MOORE 175552 0 0 0 0 0 13382 0 18697 0 207631 0 0 0 SCHEDULE J, PART I, LINE 1A HOUSING IS PROVIDED TO BROTHER MICHAEL MCGINNIS. IT IS NOT TREATED AS TAXABLE COMPENSATION. PA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A 232243852 70917RNN1 2007-10-01 52875000 CONSTRUCTION/REFUND PRIOR ISSUE false false false PA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B 232243852 70917RNQ4 2007-10-01 47065000 CONSTRUCTION/REFUND PRIOR ISSUE false false false PA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2003 232243852 70917NZT4 2003-10-01 37665000 CONSTRUCTION false false false 0 0 53918728 4034988 0 35931466 823013 0 0 13129261 0 0 2009 true false true true 0 0 47065000 3611332 0 0 630711 0 0 41377045 0 0 2009 true false true true 0 0 37665000 3602699 0 0 569339 0 0 29500000 0 0 2005 false false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true false false false false false false false true true false false false false false false true false false false false false false false JOHN F DOLAN RELOCATION LOAN X 595000 595000 false true true 595000 WILLIAM R SAUTTER BOT MEMBER 477980 SEE PART V false JOSEPH A FRICK BOT MEMBER 7498316 SEE PART V false FORM 990,PART IV, LINE 28 A,C AND SCHEDULE L, PART IV THERE ARE CURRENTLY 2 BOARD MEMBERS WHO HAVE ACKNOWLEDGED THROUGH SIGNING A POTENTIAL CONFLICT OF INTEREST DISCLOSURE, THAT THEY HAVE A DIRECT BUSINESS RELATIONSHIP WITH THE UNIVERSITY, OTHER THAN THEIR ROLE AS A TRUSTEE. THESE BOARD MEMBERS ARE: 1.)JOSEPH FRICK, PRESIDENT AND CEO OF INDEPENDENCE BLUE CROSS. IBC PROVIDES HEALTH INSURANCE TO LA SALLE EMPLOYEES THROUGH A CONTRACT WITH THE UNIVERSITY. 2.) WILLIAM SAUTTER, OWNER AND PRESIDENT OF ELLIOTT-LEWIS CORPORATION. ELLIOTT-LEWIS CORPORATION PERFORMS MECHANICAL MAINTENANCE, REPAIR AND INSTALLATION SERVICES FOR LA SALLE UNIVERSITY. ALL SUCH WORK IS AWARDED THROUGH A COMPETITIVE BIDDING PROCESS. X 33 64090 DONOR-OBTAINED APPRA false false false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION LA SALLE UNIVERSITY, DEDICATED IN THE TRADITIONS OF THE CHRISTIAN BROTHERS TO EXCELLENCE IN TEACHING AND TO CONCERN FOR BOTH ULTIMATE VALUES AND FOR THE INDIVIDUAL VALUES OF ITS STUDENTS, IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. LA SALLE STRIVES TO OFFER, THROUGH EFFECTIVE TEACHING, A QUALITY EDUCATION FOUNDED ON THE IDEA THAT ONE'S INTELLECTUAL AND SPIRITUAL DEVELOPMENT GO HAND IN HAND, COMPLIMENTING AND FULFILLING EACH OTHER. THE UNIVERSITY HAS, AS ITS BASIC PURPOSE, THE FREE SEARCH FOR TRUTH BY TEACHING ITS STUDENTS THE BASIC SKILLS, KNOWLEDGE, AND VALUES THAT THEY WILL NEED FOR A LIFE OF HUMAN DIGNITY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE ACCOMPLISHMENTS STUDENTS SERVICES: THE UNIVERSITY PROVIDED COUNSELING, INTER-COLLEGIATE ATHLETICS, HEALTH ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. EXPENSES: $35,506,037 FORM 990, PART VI, LINE 11B PROCESS FOR REVIEWING RETURN THE PROCESS OF REVIEWING LA SALLE UNIVERISTY'S 990 RETURN INTERNALLY IS CONSISTENT AND THOROUGH. THE FIRST STEP IN THE PROCESS INVOLVES ASSISTANT CONTROLLER IDENTIFYING THE KEY SUBJECT MATTER EXPERTS ACROSS THE UNIVERSITY. HE THEN PASSES ON TO THE APPROPRIATE PERSONS, SECTIONS OF THE 990 WHICH REQUIRE THEIR INPUT OR SUPPORT. THIS DATA IS THEN GATHERED AND ENTERED INTO THE 990. UPON COMPLETION OF THE 990, INCLUDING ALL SUPPORTING SCHEDULES, THE CONTROLLER REVIEWS THE REPORT AND SCHEDULES, AND THEN PASSES ONTO THE AVP FOR FINANCE FOR FINAL REVIEW PRIOR TO THE DOCUMENT BEING SENT TO THE INDEPENDENT AUDITORS. ONCE REVIEWED BY THE INDEPENDENT AUDITORS, AND ANY QUESTIONS ANSWERED, IT IS SENT BACK TO THE UNIVERSITY FOR THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION'S APPROVAL AND SIGNATURE. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS SIGN A CONFLICT-OF-INTEREST STATEMENT. THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER THAT HE/SHE MUST ALWAYS ACT IN THE BEST INTERESTS OF THE UNIVERSITY AND REFRAIN FROM ACTIONS THAT WOULD BE TO THE SOLE BENEFIT OF THE MEMBER AT THE EXPENSE OF LA SALLE UNIVERSITY. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF LA SALLE. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE BOARD CHAIR INCLUDING ANY DISCLOSURES BY THE PRESIDENT. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE OFFICER OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, LINES 15A AND 15B PROCESS FOR DETERMINING COMPENSATION 1.THERE IS A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF ALL VICE-PRESIDENTS, THE PROVOST, PRESIDENT, EXECUTIVE ASSISTANTS, AND THE DIRECTOR OF INTER-COLLEGIATE ATHLETICS. THE FACULTY SALARY FOR BROTHER EDWARD SHEEHY, A VICE-PRESIDENT, IS NOT REVIEWED SINCE HIS SALARY FALLS UNDER THE FACULTY SALARY AND WAGE POLICY. PRIOR TO 2008-2009, THE COMMITTEE REVIEWED SALARIES AGAINST CUPA DATA AND THE RELATED PEER GROUP(S). BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE MINUTES SHALL REFLECT THE CONSIDERATION OF THE BOARD AS TO THE ISSUE OF EXECUTIVE COMPENSATION AND WHAT THE FINAL DECISION MIGHT BE. FORM 990, PART VI, LINE 19 PUBLICLY AVAILABLE DOCUMENTS LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE MADE AVAILABLE UPON REQUEST. PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES THE $9,568,722 LISTED IN OTHER CHANGES IN NET ASSETS OR FUND BALANCES IS UNREALIZED GAINS ON INVESTMENTS. FORM 990, PART VI, LINE 5 DURING THE 2009/2010 FISCAL YEAR A THEFT WAS UNCOVERED BY AN EMPLOYEE OF THE FOODSERVICES OPERATIONS. THE THEN MANAGER HAD CREATED A FAKE COMPANY AND WAS BILLING LASALLE FOR GOODS NEVER PROVIDED. IT WAS DETERMINED THAT THIS HAD TAKEN PLACE OVER A 20 YEAR PERIOD. THE TOTAL AMOUNT DETERMNED TO HAVE BEEN STOLEN WAS APPROXIMATELY $5 MILLION. THE UNIVERSITY RECEIVED FULL RESTITUTION THROUGH ASSET RECOVERY, CASH, PROPERTY, ETC. THE FORMER EMPLOYEE IS NOW SERVING PRISON TIME. THE UNIVERSITY HAS TAKEN MEASURES TO STRENGTHEN INTERNAL CONTROLS OVER THIS AND OTHER PROCESSES, NAMELY INSTITUTING A VENDOR APPROVAL PROCESS, UTILIZING THE CONTROLS INHERENT IN OUR OPERATING SYSTEM, AND BROADENING THE SCOPE OF OUR FINANCIAL AUDIT TESTING. COIN CRI CLUB HOLDS LICENSE PA 501(C)(3) 11C NA LA SALLE UNIVERSITY - CIF 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 CIF NA 5604 352946 1.00000 LA SALLE UNIVERSITY - CIF 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 CIF NA 1780 107932 1.00000 LA SALLE UNIVERSITY - PIF - E 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 27044 1.00000 LA SALLE UNIVERSITY - PIF - H 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 15556 1.00000 LA SALLE UNIVERSITY - PIF - L 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 12432 1.00000 LA SALLE UNIVERSITY - PIF - M 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 6857 1.00000 LA SALLE UNIVERSITY - PIF - S 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 3451 1.00000 LA SALLE UNIVERSITY - PIF - S 1900 W OLNEY AVENUE PHILADELPHIA PA 19141 236835551 PIF NA 0 45016 1.00000 false false false false false false false false false false false false false false false false false false