2012-07-19T16:10:54-05:00 2011-08-31 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2010-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH 4123923992 2012-07-19 1 SUSAN M KIRSCH 4122613644 2010 2016-02-24 21:20:13Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 117318140 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 33 30 1849 31 127769 -2339 4987616 7626340 82423379 89168373 882464 2698914 527068 481737 88820527 99975364 18082095 20851492 0 0 36634850 37916598 237127 38491 1848062 30291051 32743658 85245123 91550239 3575404 8425125 134318513 146782388 76341329 80690756 57977184 66091632 X POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 1 0 53366543 20681606 79213228 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,493 UNDERGRADUATE AND 578 GRADUATE STUDENTS, AS WELL AS CHILDREN'S SCHOOL AND PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 7762889 126761 9326094 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. 8379936 470000 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVIES, STUDENT AFFAIRS OFFICE, AS WELL AS 11 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. 9579528 31282 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE. 9579528 31282 79088896 1 1 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 5533 0 1 1849 1 1 1 0 0 0 0 0 0 0 0 0 X 33 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA NY X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS L ASTORINO 1.50 X 0 0 0 RICHARD W BOYD 1.50 X 0 0 0 E MICHAEL BOYLE 1.50 X 0 0 0 MARK BROADHURST 1.50 X 0 0 0 JAMIE CAMPOLONGO 1.50 X 0 0 0 PAUL COSTA 1.50 X 4182 0 0 GARY M DEJIDAS 1.50 X 0 0 0 WAYNE FONTANA 1.50 X 0 0 0 KISHORE GOPAUL 1.50 X 0 0 0 JOSEPH B HAVRILLA 1.50 X 0 0 0 MARILYN HORNER 1.50 X 0 0 0 ERIC MANN EXIT 83111 1.50 X 0 0 0 GARLAND H MCADOO JR EXIT 83111 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD 1.50 X 0 0 0 J KEVIN MCMAHON 1.50 X 0 0 0 JAMES MEREDITH 1.50 X 0 0 0 JAMES MILLER 1.50 X 0 0 0 TODD C MOULES 1.50 X 0 0 0 JOSEPH MURIN 1.50 X 0 0 0 LUCAS PIATT 1.50 X 0 0 0 RICHARD E RAUH 1.50 X 12500 0 0 DR LOREN H ROTH MD 1.50 X 0 0 0 CAROL SAVAGE 1.50 X 0 0 0 CHARLES J STOUT 1.50 X 0 0 0 MARY BETH TAYLOR 1.50 X 0 0 0 JOHN R TOMAYKO PHD 1.50 X 0 0 0 JAKE WHEATLEY 1.50 X 0 0 0 GEORGE R WHITE PHDDEC11412 1.50 X 0 0 0 KAREN FARMER WHITE 1.50 X 0 0 0 NANCY D WASHINGTON PHD 3.00 X X 0 0 0 DAVID S DUNCAN 3.00 X X 0 0 0 DONALD J JENKINS 3.00 X X 0 0 0 ANNE LEWIS 3.00 X X 0 0 0 PAUL HENNIGAN EDD 40.00 X 431930 0 33819 BRIDGET MANCOSH 40.00 X 210337 0 29494 MARIANN GEYER 40.00 X 188920 0 26894 KAREN MCINTYRE PHD 40.00 X 182260 0 7865 RICHARD HASKINS BEG 8110 40.00 X 59767 0 12238 TRUDY WILLIAMS 40.00 X 90211 0 9471 RONALD LINDBLOM 40.00 X 174914 0 26304 ANGELA H ISAAC PHD 40.00 X 158239 0 32070 WILLIAM CAMERON 40.00 X 136681 0 23445 FRED JOHNSON 40.00 X 147560 0 17838 TIM HUDSON PHD 40.00 X 137745 0 15000 TIMOTHY WILSON 40.00 X 124637 0 23707 KEITH PAYLO 40.00 X 118179 0 20583 CHARLES PERKINS PHD 40.00 X 153726 0 12618 2331788 0 291346 31 1 1 0 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION 4675364 ARAMARK SERVICES PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 2923360 ISS FACILITY SERVICES INC PENN PLACE PITTSBURGH PA 15219 HOUSEKEEPING 1719229 ALLIED BARTON SECURITY SERVICES 500 FIRST AVENUE PITTSBURGH PA 15219 SECURITY 1343324 SMITH BROTHERS AGENCY LP 116 FEDERAL STREET PITTSBURGH PA 15212 MARKETING 779769 20 827 220626 4513212 2891675 21503 7626340 TUITION & EDUC. FEES 611710 78533712 78533712 ROOM & BOARD FEES 721310 9145542 9017773 127769 PERFORMANCES 711300 711049 711049 BOOKSTORE, CAFE & MISC 451211 313273 313273 PROGRAM RENTAL 531390 274084 274084 190713 190713 89168373 652840 652840 74 74 176047 176047 1008908 564914 443994 443994 443994 18597744 16551744 2046000 2046000 2046000 87814 220626 226118 -138304 -138304 99975364 89040604 127769 3180651 54000 54000 20754367 20754367 43125 43125 1772715 627586 849172 295957 27826021 24846597 2330333 649091 1348162 1074295 238415 35452 4905975 3888917 952305 64753 2063725 1595761 401321 66643 436987 436987 251866 251866 48938 24469 24469 38491 38491 101181 101181 1516353 1095285 402662 18406 1412335 958300 410095 43940 3063705 2886532 97617 79556 313074 158778 143784 10512 43707 43707 10316890 8692507 1389783 234600 1051026 914056 93095 43875 435176 318124 87883 29169 5399017 4486965 779921 132131 96935 67569 29366 FOOD SERVICES 2557863 2436340 92022 29501 NON CAPITAL EQUIP 1722793 1698881 15893 8019 DANCE & THEATER PRODUCT 1482802 1453198 19730 9874 SETTLEMENT 1400000 1400000 BAD DEBT 616491 616491 476519 377515 65381 33623 91550239 79088896 10613281 1848062 18457361 18773540 2442637 6290255 847379 936311 838701 800968 1103520 1094955 148747402 52949116 91350910 95798286 16545803 21153273 2189861 1789226 542341 145574 134318513 146782388 2839400 6338431 8308768 10508258 50130851 49242958 11851883 11751665 3210427 2849444 76341329 80690756 X 44203495 50813114 5755010 7007982 8018679 8270536 57977184 66091632 134318513 146782388 X 8425125 -310677 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 48938 48938 91501301 91550239 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 21139 19462 47172 48938 136711 250000 250000 250000 250000 1000000 1500000 0 0 0 0 X 0 22236249 1074016 1762019 291452 65119 24715713 20598888 1064859 946350 305257 68591 22236249 20807467 1067869 -905198 302413 68837 20598888 0.64990 0.33460 0.01550 0 0 5486497 10837116 16323613 4536370 100750738 38262806 67024302 1522745 1314283 208462 17590760 13372027 4218733 8023176 8023176 95798286 CONDITIONAL ASSET RETIREMENT OBLIGATION 2365659 CHANGE IN LIABILITY OF INTEREST RATE SWAP 483785 2849444 99975364 91550239 8425125 -756832 446155 -310677 8114448 79975179 -756832 1237187 480355 79494824 101181 20379359 20480540 99975364 71860731 791032 791032 71069699 101181 20379359 20480540 91550239 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS A FEW PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS, THE ENDOWMENT FUND AND THE BOARD DESIGNATED RESERVE FUND, THE ENDOWMENT FUND, MADE UP OF BOTH PERMANENT & TEMPORARILY RESTRICTED ASSETS, CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT NUMEROUS PURPOSES. IT CONSISTS OF 85% RESTRICTED FOR FINANCIAL AID AND 15% FOR OPERATIONS. THE PURPOSE OF THE BOARD DESIGNATED RESERVE FUND, AN UNRESTRICTED ASSET, IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS STANDARDS ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE NEW STANDARD REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FILES U.S. FEDERAL, STATE, AND LOCAL INFORMATIONAL RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATION ON THE UNIVERSITY'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEAR ENDED AUGUST 31, 2008 THOUGH THE PRESENT; OTHER RETURNS MAY BE OPEN FOR AN ADDITIONAL YEAR DEPENDING ON JURISDICTION. THE UNIVERSITY CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE NEW STANDARD AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN LIABILITY OF INTEREST RATE SWAP: $446,155 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $564,914 SPECIAL EVENT EXPENSE: $ 226,118 CHANGE IN LIABILITY OF INTEREST RATE SWAP: $446,155 TOTAL PART XII LINE 2D: $ 1,237,187 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $20,379,359 TOTAL PART XII LINE 4B: $20,379,359 PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $564,914 SPECIAL EVENT EXPENSE: $226,118 TOTAL PART XIII LINE 2D: $791,032 PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $20,379,359 TOTAL PART XIII LINE 4B: $20,379,359 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 UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 LOCAL: COMMUNITY INFRASTRUCTURE & TOURISM FUND $218,632 GRANT FROM DA $10,523 COMMONWEALTH OF PA: RACP- PARK PROJECT $3,027,000 HIGHER EDUCATION ASSISTANCE GRANT $795,865 PITTSBURGH BOARD OF EDUCATION PRE-K COUNTS $50,025 PA DEPARTMENT OF EDUCATION $29,000 PA DEPARTMENT OF WELFARE $119,742 PA OCDEL-KEYSTONE STAR'S $14,452 FEDERAL: DEPARTMENT OF WELFARE $114,448 U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL $35,444 ASSET I3 PROJECT 97,342 OTHER MISCELLANEOUS: $739 TOTAL GOVERNMENT GRANTS $4,513,212 0 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 262395 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES MEDIA STUDIES TOUR TO PRAGUE 34791 NORTH AMERICA 0 0 PROGRAM SERVICES ADMIN OF ENGLISH AS SECOND LANGUAGE PROGRAM 3223 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1360 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 548 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1370 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1248 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1445 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL ENROLLMENT 3223 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 2960 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 43125 0 0 0 0 0 0 306380 49308 355688 STUDENT FINANCIAL AID EUROPE 18 43125 POSTING TO STUDENT'S ACCOUNT 1 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FINANCIAL AID AWARDS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X X X X 1 DIANA BALCOM 1403 SHARPS HILL RD PGH PA 15215 GRANT WRITER 0 40000 12250 27750 MSLDIRECT 4312 OLD WLM PENN HWY MURRYSVILLE PA 15668 DIRECT MAIL 0 21456 12500 8956 PLANNED GIVING COMPANY 28 W STATE ST MEDIA PA 19063 DIRECT MAIL 0 0 6308 -6308 61456 31058 30398 PA NY STARMAKERS 223950 179536 44414 35195 67808 20015 42096 GOLF OUTING 60650 22250 38400 33502 10229 0 5664 1 23840 18840 5000 767 6574 4268 308440 220626 87814 69464 84611 20015 52028 226118 -138304 1 NEED 332 FIFTH AVENUE PITTSBURGH PA 15222 256070821 501(C)(3) 54000 FINANCIAL AID TO STUDENTS 1 0 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3646 20336234 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 132 107427 N/A N/A FAMILY PLAN AID FOR CHILDREN'S SCHOOL ONSITE DAYCARE 10 20678 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 30 290028 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDS STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 PAUL HENNIGAN EDD 280222 0 100000 0 51708 0 14442 0 19377 0 465749 0 0 0 BRIDGET MANCOSH 175147 0 35000 0 190 0 13535 0 15959 0 239831 0 0 0 MARIANN GEYER 168682 0 20000 0 238 0 12936 0 13958 0 215814 0 0 0 KAREN MCINTYRE PHD 164304 0 15000 0 2956 0 4929 0 2936 0 190125 0 0 0 RONALD LINDBLOM 163916 0 10000 0 998 0 12561 0 13743 0 201218 0 0 0 ANGELA H ISAAC PHD 157641 0 0 0 598 0 11658 0 20412 0 190309 0 0 0 WILLIAM CAMERON 125795 0 10000 0 886 0 9702 0 13743 0 160126 0 0 0 FRED JOHNSON 135120 0 6200 0 6240 0 9932 0 7906 0 165398 0 0 0 TIM HUDSON PHD 130867 0 6400 0 478 0 9856 0 5144 0 152745 0 0 0 CHARLES PERKINS PHD 151310 0 0 0 2416 0 11402 0 1216 0 166344 0 0 0 PART I, LINE 1A DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE ONLY PERSONAL SERVICES FOR PAUL HENNIGAN PROVIDED BY THE UNIVERSITY IS BABYSITTING SERVICES FOR HIS CHILDREN IN ORDER TO HELP ACCOMMODATE FOR MR. HENNIGAN'S UNPREDICTABLE WORK SCHEDULE AND FREQUENT OVERNIGHT TRAVEL. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSES EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR COMPANIONS IS INFREQUENT. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVES COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2008-04-29 25455000 SEE PART V 0 0 0 ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 01728RGB9 2008-04-29 6870000 SEE PART V 0 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART V 0 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE PART V 0 0 0 25455000 258987 25196013 2010 1 0 1 1 6870000 69047 6800953 2009 1 0 1 1 5000000 7250 4992750 2008 0 0 1 1 3830000 58500 3771500 2008 0 0 1 1 0 1 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE K SUPPLENTAL INFORMATION PART I, LINE A, COLUMN C: SERIES A 10,000,000 CUSIP: 01728RET2 SERIES B 15,455,000 CUSIP: 01728REU9 TOTAL: 25,455,000 PART I, LINE A, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART II, LINE 5, COLUMN A: PROCEEDS USED FOR BOND ISSUANCE COSTS WERE $209,512. PROCEEDS USED FOR CREDIT ENHANCEMENT WERE $49,475. PART I, LINE B, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART I, LINE B, COLUMN E: ORIGINAL TAXABLE ISSUE PRICE WAS $6,870,000. A TAX EXEMPT CONVERSION ON JUNE 1, 2010 WAS ISSUED AT OUTSTANDING PRINCIPAL OF $6,770,000. PART I, LINE C, COLUMN F: RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE D, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WILL BE FULLY CONVERTED TO TAX EXEMPT IN THE FUTURE. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 CURRENT TAX EXEMPT AMOUNT: $5,860,785 PART I, LINE D, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE PART V 0 0 0 7000000 74518 6925482 2006 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 BOARD MEMBERS FAMILY MEMBERS OF VARIOUS BOARD MEMBERS 2856 GRANTS/DISCOUNT EXECUTIVE MANAGEMENT SERVICES FORMER OFFICER - MICHAELITA QUINN - PRESIDENT OF EXECUTIVE MANAGEMENT SVCS 113597 SEE SCH O: EXECUTIVE MANAGEMENT SERVICES (EMS) PROVIDES ENROLLMENT MANAGEMENT SERVICES TO THE UNIVERSITY 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 ON JUNE 30, 2011, THE UNIVERSITY OFFICIALLY CLOSED ITS CHILDREN'S SCHOOL, AN ACCREDITED PROGRAM, WHICH SUPPLEMENTED THE EDUCATION OF STUDENTS PURSUING AN EDUCATION MAJOR. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THEN THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE CEO, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 4. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE CHAIR OF THE BOARD WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE. FROM TIME TO TIME, THE UNIVERSITY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND AAUP [AMERICAN ASSOC. OF UNIVERSITY PROFESSORS] FOR FACULTY. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -756,832. CHANGE IN LIABILITY OF INTEREST RATE SWAP: $446,155 446,155. TOTAL TO FORM 990, PART XI, LINE 5: -310,677. OVERSIGHT OF FINANCIAL STATEMENT AUDIT FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE NUMBER OF EMPLOYEES IS COMPRISED OF THE FOLLOWING: FORM 990 PART I, LINE 5 FULL TIME STAFF 338 FULL TIME FACULTY 131 PART TIME FACULTY 355 PART TIME STAFF 166 PART TIME STUDENTS 859 PITTSBURGH COUNCIL ON HIGHER EDUCATION 201 WOOD STREET BOX 647 PITTSBURGH PA 152221912 237303727 COLLABORATION OF HIGHER EDUCATION INSTITUTIONS PA 501(C)(3) 509(A)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0