STEVENSON UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- STEVENSON UNIVERSITY INC (EIN 52-0705392)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201241369349305009
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T13:30:58-04:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1676 INTERNATIONAL DRIVE | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520705392 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENSON UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STEV | NameControl |
| Phone | 4104867000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 GREENSPRING VALLEY ROAD | AddressLine1 |
| City | STEVENSON | City |
| State | MD | State |
| ZIP Code | 21153 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN J MANNING | Name |
| Title | President | Title |
| Date Signed | 2012-05-11 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7032868000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KEVIN J MANNING | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 GREENSPRING VALLEY RD | AddressLine1 |
| City | STEVENSON | City |
| State | MD | State |
| ZIP Code | 21153 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 113445010 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.STEVENSON.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1959 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS MASTER'S, BACHELOR'S, AND ASSOCIATE'S DEGREES TO APPROX. 3,330 FULL-TIME EQUIVALENT STUDENTS IN A VARIETY OF ACADEMIC PROGRAMS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1576 | TotalNbrEmployees |
| Total Nbr Volunteers | 765 | TotalNbrVolunteers |
| Total Gross UBI | 750939 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -466877 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9317978 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9592727 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 75607281 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 89791317 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1867915 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3757961 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 854882 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1245478 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 87648056 | TotalRevenuePriorYear |
| Total Revenue Current Year | 104387483 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 20147227 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 25858792 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 35188500 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 37512661 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1580368 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 31428840 | OtherExpensePriorYear |
| Other Expenses Current Year | 35578363 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 86764567 | TotalExpensesPriorYear |
| Total Expenses Current Year | 98949816 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 883489 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5437667 | RevenuesLessExpensesCY |
| Total Assets BOY | 203312424 | TotalAssetsBOY |
| Total Assets EOY | 245933541 | TotalAssetsEOY |
| Total Liabilities BOY | 133171175 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 162372458 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 70141249 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 83561083 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE UNIVERSITY IS AN INNOVATIVE, COEDUCATIONAL, INDEPENDENT INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE STUDENTS A CAREER-FOCUSED EDUCATION MARKED BY INDIVIDUALIZED ATTENTION, CIVILITY, AND RESPECT FOR DIFFERENCE. THE UNIVERSITY BLENDS THE LIBERAL ARTS WITH CAREER EXPLORATION AND PLANNING, COMPLEMENTING A TRADITIONAL EDUCATION WITH APPLIED LEARNING BEYOND THE CLASSROOM. THE UNIVERSITY MEETS STUDENTS WHERE THEY ARE AND SUPPORTS AND CHALLENGES THEM TO BECOME REFLECTIVE AND ACCOMPLISHED INDIVIDUALS COMMITTED TO A LIFETIME OF LEARNING AND CONTRIBUTION. STUDENTS GRADUATE WITH THE COMPETENCE AND CONFIDENCE NEEDED TO ADDRESS CREATIVELY THE OPPORTUNITIES AND PROBLEMS FACING THEIR COMMUNITIES, THE NATION AND THE WORLD. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 48770139 | Expense |
| Grants | 0 | Grants |
| Revenue | 89791317 | Revenue |
| Description | STEVENSON UNIVERSITY IS A FOUR YEAR UNIVERSITY PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,950 FULL TIME, 625 PART TIME AND 366 GRADUATE STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 25858792 | Expense |
| Grants | 25858792 | Grants |
| Revenue | 0 | Revenue |
| Description | THE NUMBER OF STUDENTS RECEIVING GRANTS IS AS FOLLOWS: PELL 1,138, SEOG 189, WORK STUDY 173, PERKINS 4, FEDERAL SMART 36, FEDERAL DIRECT SUB 2,113, FEDERAL DIRECT UNSUB 2,362, FEDERAL DIRECT PARENT 846, STEVENSON GRANTS AND SCHOLARSHIPS 4,542 AND ACADEMIC COMPETITIVE 679 STUDENTS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 74628931 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 236 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1576 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MELANIE EDMONDSON | NamePerson |
| Telephone Number | 4433342272 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 GREENSPRING VALLEY RD | AddressLine1 |
| City | STEVENSON | City |
| State | MD | State |
| ZIP Code | 21153 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| BARRY B BONDROFF CPA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| THOMAS F BRADY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT C BRENNAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARC G BUNTING | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KEVIN G BYRNES | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARY CLAIRE CHESSHIRE ESQ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| BARBARA DANNETTEL | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SAMUEL M DELL III | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| HENRY D FELTON IV | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JAMES T BRADY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JANET D KELLY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| BRADLEY T MACDONALD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| TIMOTHY F MALONEY ESQ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ACKNEIL M MULDROW II | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| THE HONORABLE EDWARD P MURPHY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SHEELA MURTHY ESQ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARSHALL B PAUL ESQ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| T SCOTT PUGATCH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCIS X PUGH ESQ | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM T RILEY JR CPA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ANNA L SMITH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JAMES B STRADTNER CFA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| W DANIEL WHITE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| BONNIE CASLOW ALLAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WALTER G AMPREY PHD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KEVIN J MANNING | ||||||||
| PRESIDENT | 40.0 | 1021092 | 0 | 28506 | X | |||
| TIMOTHY M CAMPBELL | ||||||||
| EXEC VP OF FINANCE | 40.0 | 246586 | 0 | 60058 | X | |||
| PAUL D LACK | ||||||||
| EXEC VP OF ACADEMIC AFFAIRS | 40.0 | 255364 | 0 | 28287 | X | |||
| MARK HERGAN | ||||||||
| VP OF ENROLLMENT | 40.0 | 166722 | 0 | 21379 | X | |||
| BRENDA BALZER | ||||||||
| VP OF HUMAN RESOURCES | 40.0 | 142250 | 0 | 12696 | X | |||
| PAUL CANTABENE | ||||||||
| ASSOC DIRECTOR OF ATHLETICS | 40.0 | 118147 | 0 | 44800 | X | |||
| GLENDA LEGENDRE | ||||||||
| ASSOC DIRECTOR OF ATHLETICS | 40.0 | 138265 | 0 | 11244 | X | |||
| MELANIE EDMONDSON | ||||||||
| ASST. VP OF FINANCE | 40.0 | 133064 | 0 | 11201 | X | |||
| STEVENSON W CLOSE | ||||||||
| VP OF INSTITUTIONAL ADVANCEMEN | 40.0 | 218302 | 0 | 47792 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2439792 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 265963 | TotalOtherCompensation |
| Number Individuals GT100 K | 23 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO OPERATIONS LLC | |||||
| 1525 GREENSPRING VALLEY ROAD | STEVENSON | MD | 21153 | FOOD SERVICE | 4113071 |
| CAREFIRST BLUECROSS BLUESHIELD | |||||
| PO BOX 79051 | BALTIMORE | MD | 21279 | HEALTH INSURANCE | 2461254 |
| AT ONCE LLC | |||||
| 3811 FEAR AVENUE | BALTIMORE | MD | 212155533 | CLEANING SERVICES | 1130095 |
| ALPHA MAINTENANCE SERVICES | |||||
| PO BOX 1013 | POTTSTOWN | PA | 19464 | GROUNDS REPAIRS | 912780 |
| RCMD | |||||
| 555 FAIRMOUNT AVENUE | BALTIMORE | MD | 21286 | FACILITIES INSURANCE | 500989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 42 | NumberOfContractorsGT100K |
| Government Grants | 8156945 | GovernmentGrants |
| All Other Contributions | 1435782 | AllOtherContributions |
| Total Contributions | 9592727 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 900099 | 71494783 | 71494783 |
| STUDENT HOUSING | 611710 | 11502490 | 11502490 |
| FOOD SERVICE | 611710 | 4687903 | 4687903 |
| BOOK STORE | 451211 | 2035584 | 2035584 |
| CONFERENCE SERVICES | 531120 | 70557 | 70557 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 89791317 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 889552 | TotalRevenueColumn |
| Unrelated Business Revenue | -5310 | UnrelatedBusinessRevenue |
| Exclusion | $894,862 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 756249 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 756249 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 756249 | TotalRevenueColumn |
| Unrelated Business Revenue | 756249 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11904279 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9035870 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2868409 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2868409 | TotalRevenueColumn |
| Exclusion | $2,868,409 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 45318 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 21657 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23661 | TotalRevenueColumn |
| Exclusion | $23,661 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| ATHLETICS | 900099 | 189021 | $189,021 |
| DEPARTMENT REVENUE | 900099 | 64783 | $64,783 |
| PARKING | 812930 | 19178 | $19,178 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 192586 | TotalRevenueColumn |
| Exclusion | $192,586 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 465568 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 104387483 | TotalRevenueColumn |
| Related Or Exempt Function Income | 89791317 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 750939 | UnrelatedBusinessRevenue |
| Exclusion | $4,252,500 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24434317 | Total |
| Program Services | 24434317 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1424475 | Total |
| Program Services | 1424475 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1656340 | Total |
| Program Services | 319385 | ProgramServices |
| Management And General | 1051132 | ManagementAndGeneral |
| Fundraising | 285823 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29072675 | Total |
| Program Services | 24322859 | ProgramServices |
| Management And General | 3990824 | ManagementAndGeneral |
| Fundraising | 758992 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1278332 | Total |
| Program Services | 1035354 | ProgramServices |
| Management And General | 207878 | ManagementAndGeneral |
| Fundraising | 35100 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3471913 | Total |
| Program Services | 1776088 | ProgramServices |
| Management And General | 1607169 | ManagementAndGeneral |
| Fundraising | 88656 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2033401 | Total |
| Program Services | 1710135 | ProgramServices |
| Management And General | 269716 | ManagementAndGeneral |
| Fundraising | 53550 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92673 | Total |
| Program Services | 17732 | ProgramServices |
| Management And General | 74941 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84200 | Total |
| Management And General | 84200 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255024 | Total |
| Management And General | 255024 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1791745 | Total |
| Program Services | 900619 | ProgramServices |
| Management And General | 851852 | ManagementAndGeneral |
| Fundraising | 39274 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2778483 | Total |
| Program Services | 2399973 | ProgramServices |
| Management And General | 315666 | ManagementAndGeneral |
| Fundraising | 62844 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2475142 | Total |
| Program Services | 1088359 | ProgramServices |
| Management And General | 1354217 | ManagementAndGeneral |
| Fundraising | 32566 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5127274 | Total |
| Program Services | 4997142 | ProgramServices |
| Management And General | 125776 | ManagementAndGeneral |
| Fundraising | 4356 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5106254 | Total |
| Program Services | 4982116 | ProgramServices |
| Management And General | 105257 | ManagementAndGeneral |
| Fundraising | 18881 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1378159 | Total |
| Program Services | 1089795 | ProgramServices |
| Management And General | 195583 | ManagementAndGeneral |
| Fundraising | 92781 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4387042 | Total |
| Management And General | 4387042 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5382145 | Total |
| Management And General | 5382145 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 447393 | Total |
| Program Services | 246753 | ProgramServices |
| Management And General | 200640 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MERCHANDISE FOR RESALE | 2327241 | 1581417 | 745824 | |
| CONSULTING/ACCREDIDATION | 827463 | 337569 | 460281 | 29613 |
| PAYROLL/BANK FEES/INVESTMENT | 687765 | 687765 | ||
| ENTRY FEES/ATHLETIC OFFICIALS | 592744 | 585637 | 7107 | |
| MEMBERSHIPS | 375165 | 123462 | 193634 | 58069 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1462451 | Total |
| Program Services | 1255744 | ProgramServices |
| Management And General | 186844 | ManagementAndGeneral |
| Fundraising | 19863 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98949816 | Total |
| Program Services | 74628931 | ProgramServices |
| Management And General | 22740517 | ManagementAndGeneral |
| Fundraising | 1580368 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1731966 | BOY |
| EOY | 2751390 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1727415 | BOY |
| EOY | 1087424 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1264946 | BOY |
| EOY | 2914660 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1760667 | BOY |
| EOY | 983623 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 207238251 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 42277129 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150039228 | BOY |
| EOY | 164961122 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39944998 | BOY |
| EOY | 46916916 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4826895 | BOY |
| EOY | 7460461 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2016309 | BOY |
| EOY | 18857945 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203312424 | BOY |
| EOY | 245933541 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4748302 | BOY |
| EOY | 6220244 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2680933 | BOY |
| EOY | 2404562 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110515909 | BOY |
| EOY | 140294912 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5468604 | BOY |
| EOY | 5173706 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9757427 | BOY |
| EOY | 8279034 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133171175 | BOY |
| EOY | 162372458 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60903356 | BOY |
| EOY | 72382034 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4417475 | BOY |
| EOY | 5824150 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4820418 | BOY |
| EOY | 5354899 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70141249 | BOY |
| EOY | 83561083 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203312424 | BOY |
| EOY | 245933541 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5437667 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7982167 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $76,676 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 76676 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING EXPENDITURES | Identifier |
| Return Reference | SCHEDULE C, PART II-B, LINE 1I | ReturnReference |
| Explanation | IN JUNE 2009 STEVENSON UNIVERSITY HIRED TIMOTHY M. PERRY OF GORDON, FEINBLATT, ROTHMAN, HOFFBERGER & HOLLANDER, LLC AS COUNSEL FOR THE UNIVERSITY REGARDING THE ACQUISITION OF STATE OWNED REAL PROPERTY ON THE ROSEWOOD CAMPUS. THE UNIVERSITY PAID $76,676 AS OF JUNE 30, 2011 FOR SERVICES RENDERED. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 44452567 | BeginningOfYearBalance |
| Contributions | 2213859 | Contributions |
| Investment Earnings Or Losses | 10265686 | InvestmentEarningsOrLosses |
| Other Expenditures | 2711151 | OtherExpenditures |
| Administrative Expenses | 255024 | AdministrativeExpenses |
| End Of Year Balance | 53965937 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 39684423 | BeginningOfYearBalance |
| Contributions | 2646139 | Contributions |
| Investment Earnings Or Losses | 6355812 | InvestmentEarningsOrLosses |
| Other Expenditures | 4014974 | OtherExpenditures |
| Administrative Expenses | 218833 | AdministrativeExpenses |
| End Of Year Balance | 44452567 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 53891309 | BeginningOfYearBalance |
| Contributions | 650004 | Contributions |
| Investment Earnings Or Losses | -12614999 | InvestmentEarningsOrLosses |
| Other Expenditures | 2022419 | OtherExpenditures |
| Administrative Expenses | 219472 | AdministrativeExpenses |
| End Of Year Balance | 39684423 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.83000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.16000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 35784817 | OtherCostOrOtherBasis |
| Book Value | 35784817 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 128095948 | OtherCostOrOtherBasis |
| Depreciation | 23153631 | Depreciation |
| Book Value | 104942317 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24541799 | OtherCostOrOtherBasis |
| Depreciation | 19123498 | Depreciation |
| Book Value | 5418301 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18815687 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 18815687 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 164961122 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEPOSITS WITH BOND TRUSTEE | Description |
| Book Value | 18857945 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 18857945 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SWAP LIABILITIES | $7,445,541 |
| REFUNDABLE ADVANCES-US GOV'T | $351,523 |
| OTHER LIABILITIES | $481,970 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8279034 | TotalOfAmounts |
| Total Revenue | 104387483 | TotalRevenue |
| Total Expenses | 98949816 | TotalExpenses |
| Excess Or Deficit For Year | 5437667 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 6494277 | NetUnrealizedGLOnInvestments |
| Other | $1,487,890 | OtherAmount |
| Total Adjustments | 7982167 | TotalAdjustments |
| Excess Or Deficit Per FS | 13419834 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 84776404 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 6494277 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 12500 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 6506777 | RevenueNotRptdF990 |
| Revenue Subtotal | 78269627 | RevenueSubtotal |
| Investment Expenses Not Included | 255024 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 25862832 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 26117856 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 104387483 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 72844460 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 12500 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 12500 | ExpensesNotRptdF990 |
| Expenses Subtotal | 72831960 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 255024 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 25862832 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 26117856 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 98949816 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INCOME TAX STATUS | SCHEDULE D, PART X | AS AN EDUCATIONAL INSTITUTION MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE UNIVERSITY IS EXEMPT FROM INCOME TAXES ON INCOME, AS PROVIDED IN SECTION 501 (A), EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2011 AND 2010. THE UNIVERSITY HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011. |
| SCHEDULE D, PARTS XI, XII AND XIII | PART XI, LINE 8 AMOUNT REPRESENTS THE CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS. PART XII, LINE 4B AMOUNT REPRESENTS STUDENT FINANCIAL AID, WHICH IS NETTED AGAINST TUITION & FEES REVENUE FOR FINANCIAL STATEMENT PURPOSES. PART XIII, LINE 4B AMOUNT REPRESENTS STUDENT FINANCIAL AID, WHICH IS NETTED AGAINST TUITION & FEES REVENUE FOR FINANCIAL STATEMENT PURPOSES. | |
| SCHEDULE D, PART V | INTENDED USES OF ENDOWMENT FUNDS | THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RACIALLY NONDISCRIMINATORY POLICY | SCHEDULE E, PART I LINE 3 | THE UNIVERSITY'S RACIALLY NON-DISCRIMINATORY POLICY IS PUBLICIZED IN RADIO AND NEWSPAPER ADVERTISEMENTS AND THE UNIVERSITY'S WEBSITE. |
| FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY | SCHEDULE E, PART I LINE 6A | STEVENSON UNIVERSITY PARTICIPATES IN SEVERAL FINANCIAL AID PROGRAMS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION AND BY THE STATE OF MARYLAND. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (12 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | Students study abroad | |
| Sub-Saharan Africa | 0 | 0 | Program Services | Students study abroad | |
| Sub-Saharan Africa | 0 | 0 | Grantmaking | 562571 | |
| Central America and the Caribbean | 0 | 0 | Grantmaking | 286373 | |
| South Asia | 0 | 0 | Grantmaking | 162616 | |
| Middle East and North Africa | 0 | 0 | Grantmaking | 119911 | |
| South America | 0 | 0 | Grantmaking | 126496 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Grantmaking | 104879 | |
| East Asia and the Pacific | 0 | 0 | Grantmaking | 7250 | |
| North America | 0 | 0 | Grantmaking | 30915 | |
| Russia and the Newly Independent States | 0 | 0 | Grantmaking | 23464 | |
| Central America and the Caribbean | 0 | 0 | Investments | 2733990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 4158465 | SubtotalAmountSpent |
| Total Amount Spent | 4158465 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (9 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| STUDENT FINANCIAL AID | Sub-Saharan Africa | 29 | 562571 | STUDENT ACCT |
| STUDENT FINANCIAL AID | Cent. America/Caribbean | 15 | 286373 | STUDENT ACCT |
| STUDENT FINANCIAL AID | South Asia | 14 | 162616 | STUDENT ACCT |
| STUDENT FINANCIAL AID | Middle East/North Africa | 5 | 119911 | STUDENT ACCT |
| STUDENT FINANCIAL AID | South America | 5 | 126496 | STUDENT ACCT |
| STUDENT FINANCIAL AID | Europe/Iceland/Greenland | 6 | 104879 | STUDENT ACCT |
| STUDENT FINANCIAL AID | East Asia and the pacifi | 1 | 7250 | STUDENT ACCT |
| STUDENT FINANCIAL AID | North America | 2 | 30915 | STUDENT ACCT |
| STUDENT FINANCIAL AID | Russia | 1 | 23464 | STUDENT ACCT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | STUDENT FINANCIAL AID | Identifier |
| Return Reference | SCHEDULE F, PART I, LINE 2 | ReturnReference |
| Explanation | THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. ROUGHLY NINETY PERCENT OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANT, WHICH IS DETERMINED BASED ON THE STUDENTS'S FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURNAMENT | NameOfEvent1 |
| Gross Receipts Event1 | 36662 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 36662 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 10382 | OtherDirectExpensesEvent1 |
| Name Of Event2 | WINE TASTING | NameOfEvent2 |
| Gross Receipts Event2 | 5120 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 5120 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 6766 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 41782 | GrossReceiptsTotal |
| Gross Revenue Total Events | 41782 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 17148 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 17148 | DirectExpenseSummaryEvents |
| Net Income Summary | 24634 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 4671 | NumberOfRecipients |
| Amount Of Cash Grant | 24434317 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | STUDENT FINANCIAL AID | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. ROUGHLY NINETY PERCENT OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANT, WHICH IS DETERMINED BASED ON THE STUDENTS'S FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEVIN J MANNING | |||||||||||||
| 311217 | 0 | 250000 | 0 | 459875 | 0 | 18375 | 0 | 10131 | 0 | 1049598 | 0 | 0 | 0 |
| TIMOTHY M CAMPBELL | |||||||||||||
| 191586 | 0 | 55000 | 0 | 0 | 0 | 48375 | 0 | 11683 | 0 | 306644 | 0 | 0 | 0 |
| BRENDA BALZER | |||||||||||||
| 138250 | 0 | 4000 | 0 | 0 | 0 | 10885 | 0 | 1811 | 0 | 154946 | 0 | 0 | 0 |
| PAUL CANTABENE | |||||||||||||
| 88147 | 0 | 30000 | 0 | 0 | 0 | 34281 | 0 | 10519 | 0 | 162947 | 0 | 0 | 0 |
| PAUL D LACK | |||||||||||||
| 195364 | 0 | 60000 | 0 | 0 | 0 | 18375 | 0 | 9912 | 0 | 283651 | 0 | 0 | 0 |
| MARK HERGAN | |||||||||||||
| 131722 | 0 | 35000 | 0 | 0 | 0 | 12720 | 0 | 8659 | 0 | 188101 | 0 | 0 | 0 |
| STEVENSON W CLOSE | |||||||||||||
| 173302 | 0 | 45000 | 0 | 0 | 0 | 37922 | 0 | 9870 | 0 | 266094 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| HOUSING STIPEND | SCHEDULE J, PART I, LINE 1A | DR. KEVIN MANNING PURCHASED HIS OWN RESIDENCE BUT RECEIVES A HOUSING ALLOWANCE OF $35,000 PER YEAR FROM THE UNIVERSITY. ADDITIONALLY, THE UNIVERSITY PAYS A MEMBERSHIP FEE FOR THE PRESIDENT TO BE A MEMBER OF THE CENTER CLUB AND THE BALTIMORE COUNTRY CLUB IN BALTIMORE, MARYLAND. THE CLUBS ARE UTILIZED BY THE PRESIDENT FOR VARIOUS BUSINESS MEETINGS AND EVENTS. THE EXECUTIVE VICE PRESIDENT OF FINANCE, THE VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT, THE EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND THE ASSOCIATE DIRECTOR OF ATHLETICS RECEIVE AN EXPENSE ALLOWANCE OF $7,500 PER YEAR. ALL OF THESE AMOUNTS ARE REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J AND PART VII. |
| SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN | SCHEDULE J, PART I, LINE 4B | DR. KEVIN MANNING, TIMOTHY CAMPBELL, PAUL LACK, STEVENSON CLOSE AND PAUL CANTABENE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) SPONSORED BY THE UNIVERSITY. DEFERRED COMPENSATION EARNED UNDER THIS PLAN IS REPORTED ON SCHEDULE J, PART II, COLUMN C ALONG WITH THE 403(B) PLAN INSTITUTIONAL PAYMENTS. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU | |||||||
| 520936091 | 574217VR3 | 2005-12-15 | 95560000 | CONSTRUCT ACADEMIC AND STUDENT | false | false | false |
| MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU | |||||||
| 520936091 | 574217Y58 | 2008-07-24 | 23500000 | CONSTRUCT GYM AND STUDENT HOUS | false | false | false |
| MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU | |||||||
| 520936091 | 5742178A6 | 2010-12-16 | 33250000 | CONSTRUCT DORMS,STADIUM,SHIRE | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|
| 95560000 | 39923862 | 622450 | 55013688 | 2006 | true | false | true | true |
| 23500000 | 11033000 | 328197 | 12138803 | 2009 | false | false | true | true |
| 33250000 | 620847 | 32629153 | 2010 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BANK OF AMERICA | |||||||||||
| true | true | true | 25. | false | false | true | Morgan Stanley | 2.2 | true | false | true |
| BANK OF AMERICA | |||||||||||
| false | true | true | 25. | false | false | false | NA | 0. | false | false | false |
| BANK OF AMERICA | |||||||||||
| false | true | true | 25. | false | false | false | NA | 0. | false | false | false |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CONSTELLATION ENERGY | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | THOMAS BRADY WAS OFFICER | Relationship |
| Amount Of Transaction | 1208646 | AmountOfTransaction |
| Description Of Transaction | UTILITY PROVIDER SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS | Identifier |
| Return Reference | SCHEDULE L, PART IV | ReturnReference |
| Explanation | THOMAS BRADY HAS BEEN CLASSIFIED AS AN INTERESTED PARTY TO THE UNIVERSITY DUE TO HIS EMPLOYMENT AS THE EXECUTIVE VICE PRESIDENT OF CORPORATE STRATEGY OF CONSTELLATION ENERGY, THE COMPANY WHO IS THE PRIMARY ENERGY PROVIDER TO THE UNIVERSITY. MR. BRADY IS NO LONGER AN EMPLOYEE OF THAT ORGANIZATION BUT REMAINS ON THE EXECUTIVE BOARD OF CONSTELLATION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990 REVIEW PROCESS | PART VI, LINE 11 | THE 990 INFORMATION IS COMPILED BY THE UNIVERSITY'S FINANCE OFFICE AND REVIEWED BY THE INDEPENDENT ACCOUNTING FIRM OF KPMG. THE DRAFT RETURN IS THEN PRESENTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF SIX MEMBERS SELECTED FROM THE UNIVERSITY'S CURRENT BOARD OF TRUSTEES. THE FORM 990 IS THEN EMAILED TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA A PASSWORD PROTECTED DOCUMENT. THE COMMITTEE MEMBERS HAVE A TWO WEEK PERIOD OF TIME WHERE THEY ARE ENCOURAGED TO REVIEW AND COMMENT ON THE DOCUMENT PRIOR TO ITS FILING. |
| CONFLICT OF INTEREST POLICY | PART VI, LINE 12C | IT IS THE POLICY OF STEVENSON UNIVERSITY THAT THE MEMBERS OF ITS BOARD OF TRUSTEES AVOID ETHICAL, LEGAL, FINANCIAL AND OTHER CONFLICTS OF INTEREST AND TO ENSURE THAT THEIR ACTIVITIES AND INTERESTS DO NOT CONFLICT WITH THEIR OBLIGATIONS TO THE UNIVERSITY AND ITS WELFARE. THIS POLICY COVERS MATTERS RELATING TO THE BOARD MEMBER OR ANY RELATED PERSON. A RELATED PERSON IS DEFINED AS A MEMBER OF THE IMMEDIATE FAMILY OF THE BOARD MEMBER, ANY ENTITY OF WHICH THE BOARD MEMBER IS AN OFFICER, DIRECTOR OR TRUSTEE OR WITH RESPECT TO WHICH THE BOARD MEMBER HOLDS A SIMILAR POSITION, ANY ENTITY IN WHICH THE BOARD MEMBER HAS A MATERIAL FINANCIAL INTEREST; AND ANY OTHER PERSON OR ENTITY WITH WHOM THE BOARD MEMBER HAS A PERSONAL RELATIONSHIP THAT MIGHT REASONABLY BE EXPECTED TO AFFECT THE BOARD MEMBER'S JUDGMENT IN THE PARTICULAR MATTER. ON AN ANNUAL BASIS EACH MEMBER OF THE BOARD OF TRUSTEES WILL SUBMIT TO THE SECRETARY OF THE BOARD, AN ANNUAL SIGNED CONFLICT OF INTEREST REPORT. IF DURING THE COURSE OF THE YEAR, AN ACTUAL OR POTENTIAL CONFLICT ARISES, BOARD MEMBERS ARE REQUIRED TO DISCLOSE THEM TO THE SECRETARY OF THE BOARD BEFORE ANY BOARD ACTION WITH RESPECT TO THE MATTER IS TAKEN. ANY BOARD MEMBER WHO IS AWARE OF AN EXISTING OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A MATTER COMING BEFORE THE BOARD OR COMMITTEE OF THE BOARD SHALL NOT BE PRESENT FOR ANY DISCUSSION OR VOTE IN CONNECTION WITH THE MATTER, AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED BOARD MEMBERS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL BE REQUIRED IN ORDER TO APPROVE, RATIFY OR AUTHORIZE THE MATTER. THE BOARD MEMBER WHO HAS AN INTEREST IN THE MATTER SHALL NOT BE COUNTED FOR THE PURPOSE OF DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING AT WHICH THE MATTER IS CONSIDERED. |
| COMPENSATION REVIEW PROCESS | PART VI, LINE 15 | ON AN ANNUAL BASIS THE EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF SIX MEMBERS SELECTED FROM OUR CURRENT BOARD OF TRUSTEES, MEETS TO EVALUATE THE PERFORMANCE OF THE PRESIDENT, CHIEF FINANCIAL OFFICER, EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT. DURING THIS MEETING, THE SALARIES ARE EVALUATED BY REVIEWING RESULTS OF COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT ORGANIZATION. THE ORGANIZATION COMPILES THE WAGE INFORMATION OF TEN PEER COLLEGES AND UNIVERSITIES FROM THEIR FORM 990S FILED WITH THE IRS. THIS ENSURES THAT COMPENSATION LEVELS AT STEVENSON UNIVERSITY ARE WITHIN REASONABLE LEVELS TO OTHER INSTITUTIONS. MEETINGS OF THE EXECUTIVE COMMITTEE TAKE PLACE FOUR TIMES A YEAR. MINUTES ARE TAKEN AND RETAINED BY THE OFFICE OF THE PRESIDENT. IN JUNE OF EACH YEAR, THE COMMITTEE MEETS TO DISCUSS AND AUTHORIZE EXECUTIVE COMPENSATION FOR THE KEY EMPLOYEES LISTED ABOVE. FOR ALL OTHER ADMINISTRATIVE PERSONNEL EACH POSITION OR STATUS CHANGE IS BENCHMARKED AGAINST CUPA SALARY SURVEY COMPENSATION STANDARDS BY THE VICE PRESIDENT OF HUMAN RESOURCES TO ENSURE REASONABLE LEVELS OF COMPENSATION. |
| GOVERNING DOCUMENTS | PART VI, LINE 19 | THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| OTHER CHANGES IN NET ASSETS | PART XI, LINE 5 | NET UNREALIZED GAINS.............................$6,494,277 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP.......$1,487,890 __________ TOTAL OTHER CHANGES IN NET ASSETS $7,982,167 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOULEVARD REALTY NO 2 LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 Greenspring Valley Road | AddressLine1 |
| City | Stevenson | City |
| State | MD | State |
| ZIP Code | 21153 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520705392 | EIN |
| Primary Activities | student dorms | PrimaryActivities |
| Legal Domicile State | MD | LegalDomicileState |
| EOY Assets | 13934974 | EOYAssets |