2012-11-13T19:22:05-06:00 2012-06-30 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2011-07-01 362167855 Dominican University % RICHARD WALSTRA DOMI 7083662490 7900 W Division River Forest IL 603051099 AMY MCCORMACK 2012-11-12 JULIE A DEE 3128560200 2012-11-12 2011 2016-02-24 21:20:13Z Amy McCormack 7900 W Division River Forest IL 603051099 91204623 false 0928 X www.dom.edu X 1901 IL AS A SINSINAWA DOMINICAN-SPONSORED INSTITUTION, DOMINICAN UNIVERSITY PREPARES STUDENTS TO PURSUE TRUTH, TO GIVE COMPASSIONATE SERVICE AND TO PARTICIPATE IN THE CREATION OF A MORE JUST AND HUMANE WORLD. 30 27 1733 200 0 0 7273893 10241015 69715730 70846067 1400365 2544299 875099 1112482 79265087 84743863 23061807 24416025 0 0 35412895 36644153 0 0 4020107 19983872 18964614 78458574 80024792 806513 4719071 116679586 116812199 47765143 49663357 68914443 67148842 X DOMINICAN UNIVERSITY PROVIDES UNDERGRADUATE AND GRADUATE INSTRUCTION TO STUDENTS AND ADMINISTERS ALL OF ITS PROGRAMS WITHOUT DISCRIMINATION AS TO RACE, COLOR, GENDER, RELIGION, NATIONAL OR ETHNIC ORIGIN, DISABILITY, AGE, MARITAL STATUS OR SEXUAL ORIENTATION. AS A SINSINAWA DOMINICAN-SPONSORED INSTITUTION, DOMINICAN UNIVERSITY PREPARES STUDENTS TO PURSUE TRUTH, TO GIVE COMPASSIONATE SERVICE AND TO PARTICIPATE IN THE CREATION OF A MORE JUST AND HUMANE WORLD. false false 52163063 24416025 51052654 INSTRUCTIONAL: THE UNIVERSITY OFFERS INSTRUCTION THROUGH THE UNDERGRADUATE COLLEGE OF ARTS AND SCIENCES; THE ADULT, DEGREE-COMPLETION SCHOOL OF LEADERSHIP AND CONTINUING STUDIES; AND FOUR GRADUATE PROGRAMS: BUSINESS, LIBRARY AND INFORMATION SCIENCE, EDUCATION, AND SOCIAL WORK. THE ROSARY COLLEGE OF ARTS AND SCIENCES STRIVES TO EMBODY A COMMUNITY OF LEARNERS SEEKING TRUTH THROUGH FREE AND OPEN INQUIRY AND DIALOGUE WITH A DIVERSE ARRAY OF PERSONS, PLACES, TEXTS, OBJECTS, IDEAS AND EVENTS, PAST AND PRESENT, SUPPORTIVE OF EACH LEARNER'S DEVELOPMENT AND COMMITTED TO USING TALENTS TO MAKE A POSITIVE CONTRIBUTION TO THE WORLD. THE COLLEGE STRIVES TO PRODUCE GRADUATES OF A LIBERAL ARTS AND SCIENCES PROGRAM WHO CAN THINK CRITICALLY, COMMUNICATE IDEAS WELL, ORALLY AND IN WRITING, AND ACHIEVE BOTH BREADTH OF UNDERSTANDING ACROSS FIELDS AND DEPTH OF KNOWLEDGE IN ONE FIELD. THE BRENNAN SCHOOL OF BUSINESS PROVIDES ETHICS-CENTERED MANAGEMENT EDUCATION FOR STUDENTS WHO ARE EITHER ENTERING BUSINESS PROFESSIONS OR CONTINUING THEIR PROFESSIONAL DEVELOPMENT. THE CURRICULUM PROVIDES STUDENTS WITH AN ENDURING FOUNDATION IN BUSINESS AND LEADERSHIP SKILLS AND AN UNDERSTANDING OF THE BEST IN CURRENT BUSINESS PRACTICES RESONANT WITH THE UNIVERSITY'S CORE VALUES OF CARITAS ET VERITAS. MORE THAN 500 STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES IN THE FIELDS OF ACCOUNTING, BUSINESS, ECONOMICS AND INTERNATIONAL BUSINESS. THE STUDENT BODY, WITH REPRESENTATIVES FROM AROUND THE WORLD, IS DIVERSE IN TERMS OF BOTH BUSINESS EXPERIENCE AND CULTURAL BACKGROUNDS. IN RECENT YEARS, THE BRENNAN SCHOOL OF BUSINESS HAS EXPANDED ITS GLOBAL REACH BY PARTNERING WITH TOP-RANKED UNIVERSITIES ABROAD TO OFFER EXECUTIVE MBA PROGRAMS IN POLAND AND THE CZECH REPUBLIC. THE GOALS OF THE GRADUATE SCHOOL OF LIBRARY AND INFORMATION SCIENCE ARE TO EDUCATE INDIVIDUALS FOR POSITIONS IN A WIDE SPECTRUM OF ESTABLISHED AND EMERGING LIBRARY, INFORMATION, KNOWLEDGE, AND MEDIA CONTEXTS; TO PROVIDE CONTINUING EDUCATION FOR THE PROFESSIONAL COMMUNITY; AND TO ADVANCE AND ENHANCE TEACHING BY MEANS OF FACULTY PUBLICATION, SERVICE IN PROFESSIONAL ORGANIZATIONS AND OTHER VENUES. THE SCHOOL OF EDUCATION HAS BEEN DEDICATED TO PRODUCING TEACHERS WHO HAVE GONE ON TO BE THE LEADERS, CONTINUING SCHOLARS AND ROLE MODELS IN AMERICAN SCHOOLS. WHILE THE PROGRAMS HAVE ADVANCED TO MEET EVER CHANGING NEEDS, THE CORE VALUES OF SCHOLARSHIP, LEADERSHIP AND SERVICE HAVE REMAINED CONSTANT. THE GRADUATE SCHOOL OF SOCIAL WORK OFFERS A RIGOROUS AND CHALLENGING CURRICULUM, WHICH EMPHASIZES A GLOBALLY FOCUSED AND FAMILY-CENTERED PRACTICE. THE PROGRAM EQUIPS STUDENTS WITH NEW KNOWLEDGE TO ADDRESS DOMESTIC AND INTERNATIONAL SOCIAL WORK ISSUES. DOMINICAN UNIVERSITY WAS REACCREDITED BY THE NORTH CENTRAL ASSOCIATION IN 2005 FOR THE MAXIMUM TEN-YEAR TERM. THE UNIVERSITY RECEIVED APPROVAL FOR ITS FIRST PH.D. IN THE GRADUATE SCHOOL OF LIBRARY AND INFORMATION SCIENCE AND THE INAUGURAL CLASS BEGAN IN FALL, 2009. DURING 2011-12, THE UNIVERSITY SERVED 3,612 STUDENTS, EVENLY SPLIT BETWEEN THE UNDERGRADUATE AND GRADUATE PROGRAMS (54% AND 46% RESPECTIVELY). STUDENTS IN ATTENDANCE ARE FROM FIFTEEN DIFFERENT STATES AND SEVERAL FOREIGN COUNTRIES. THE AVERAGE ACT SCORE FOR ENTERING FRESHMEN WAS 22.85. 88% OF UNDERGRADUATE STUDENTS RECEIVE SOME FORM OF INSTITUTIONAL FINANCIAL AID. INSTRUCTION IS OFFERED BY 370 FACULTY MEMBERS OF WHOM 156 ARE FULL-TIME. 67 OF THE FULL-TIME FACULTY ARE TENURED, AND THE OTHER 67 ARE ON TENURE-TRACK. 90% OF THE FULL-TIME FACULTY HAS A DOCTORATE OR TERMINAL DEGREE IN THEIR FIELD, AND ALL FACULTY MEMBERS ARE EXPECTED TO ACTIVELY ENGAGE IN RESEARCH AND PUBLICATION. 7943298 0 7774207 Academic Support: Academic support is provided under the leadership of the Provost and Associate Provost. Faculty are supported by the Center for Teaching and Learning Excellence, whose mission is to support all Dominican faculty (both full-time and part-time), at all stages of their careers, in their roles as teachers, scholars, and citizens of the University and wider communities. Student support, including undergraduate and graduate tutoring programs, is provided by the Academic Learning Resources department and the Academic Enrichment Center. Beginning the first year and extending beyond graduation, Career Development, part of the Academic Enrichment Center, actively assists students of all majors with career-related issues, educating them about the career planning process, internships, job search strategies and the graduate/professional school application process as they transition from college to career. The mission of the Rebecca Crown Library mandates the academic support of students, faculty, and staff for resources and services. In addition to supplying print and electronic materials, services such as reference, circulation, interlibrary loan and instruction provide means through which the university Mission may be realized. The library houses a collection of over 300,000 volumes and subscribes to more than 18,000 journals, many of which are available electronically through over 120 databases. The library is a partial depository for U.S. government publications and maintains special collections and archival materials. The library currently houses 34% of all publications printed by the Government Printing Office, the federal agency responsible for publishing information produced by the Federal Government. The collection offers a wide array of publications from all branches of the U.S. government. Collected formats include print, microfiche, and CD. The collection's strengths include census materials, the Congressional Record and its predecessor, the Congressional Globe, dating to 1834, and a partial collection of the U.S. Serials Set. Information Technology is responsible for creating and maintaining a technology environment that supports the university's strategic direction by providing a high-quality infrastructure along with superior support services to enable the user community to utilize technologies for enhanced teaching, learning and administration. 6800120 0 6655364 Student Services and Athletics: Undergraduate Admissions and the Financial Aid Office are led by the Vice President for Enrollment Management. A freshman class of 416 full-time students was enrolled in 2011. The Vice President coordinates graduate recruitment with the individual colleges. Financial aid for all students, including participation in the U.S. Department of Education's student financial assistance programs, is managed by the Financial Aid Office. The office is audited each year under the compliance requirements of OMB Circular A-133. Student services include the Dean of Students office, providing leadership and supervision to student affairs while serving as a liaison between administration and students and working with the community to develop policy regarding student life; the campus Wellness Center, offering a full array of health care, counseling, and wellness services and programs; the Student Involvement Office, which supports student clubs and organizations and offers leadership training, intramural activities, and other campus activities; and Athletics. The Department of Athletics provides intercollegiate competition opportunities for the student-athletes of Dominican University who have the experience and talent to compete at the intercollegiate level regardless of race, gender, ethnicity or orientation. The overall mission of the department is to provide an experience that will enhance the participant's level of self-esteem, self-motivation and self-actualization through mental and physical training, team dynamics and competitive participation. It is intended that the benefits derived from the sport experience will positively impact many aspects of the student-athlete's life and will serve as a complement to the rigorous academic environment of Dominican University. 5025392 0 5363842 71931873 true true false false false false false false true true true false false false true true true false true true true false false false true false false false true true true false false false false false true false false false false true false false false false true false false false false true 141 0 true 1733 true false true true UK false false false true true false false false false X 30 27 true false false false true true true true true false false true true true true true true true true false X RICHARD WALSTRA 7085246772 7900 W DIVISION STREET River Forest IL 603051066 Richard M King 1.0 X 0 0 0 Kevin M Killips 1.0 X 0 0 0 Donna M Carroll 65.0 X X 334500 0 71444 Gregory W Cappelli 1.0 X 0 0 0 Robert F Coleman 1.0 X 0 0 0 Thomas R Dee 1.0 X 0 0 0 James P Donahugh 1.0 X 0 0 0 Catherine Dooley OP 1.0 X 0 0 0 Elizabeth K Dunn 1.0 X 0 0 0 Manuel Flores 1.0 X 0 0 0 Michael J Furey 1.0 X 0 0 0 Paul C Gearen 1.0 X 0 0 0 Daniel C Hill 1.0 X 0 0 0 Judith A Jewison OP 1.0 X 0 0 0 Lily Elizabeth Li 1.0 X 0 0 0 Eugene T McEnery MD 1.0 X 0 0 0 Patricia Mulcahey OP 1.0 X 0 0 0 Martin J Noll 1.0 X 0 0 0 Raymond C Parmer 1.0 X 0 0 0 J David Pepper 1.0 X 0 0 0 Raymond J Reid 1.0 X 0 0 0 Nancy C Rodriguez 1.0 X 0 0 0 Chad Rohman 1.0 X 84377 0 28185 Gail L Rosseau MD 1.0 X 0 0 0 M Catherine Crowley Ryan 1.0 X 0 0 0 Mary Jo Schuler 1.0 X 0 0 0 Judy Purvin Scully 1.0 X 0 0 0 Susan L Secker 1.0 X 0 0 0 R Matthew Simon 1.0 X 0 0 0 James Winikates 1.0 X 10000 0 0 Cheryl Johnson Odim 50.0 X 206329 0 40381 Amy McCormack 50.0 X 182717 0 16500 Mary Ann Rowan 50.0 X 159500 0 7137 Patricia Jill Albin-Hill 50.0 X 108600 0 23910 Graczyna Cichomska 50.0 X 175100 0 30560 Arvid Johnson 50.0 X 175850 0 36248 Susan Roman 50.0 X 147126 0 14713 Jeffrey Carlson 50.0 X 134113 0 22150 Dan Condon 50.0 X 133729 0 19748 Khalid Razaki 50.0 X 133500 0 13350 Mark Rodgers 50.0 X 130313 0 32779 Jeffrey Kraft 50.0 X 119666 0 26588 Therese Hogan 0.0 X 108963 18338 2344383 0 402031 45 true true false Chartwells 3 International Drive RYE BROOK NY 105731058 Food Services Mgmt. 2011743 Kimco 135 S Lasalle Street CHICAGO IL 60674 Janitorial Services 850160 JP Morgan Chase 300 S Riverside CHICAGO IL 60606 Banking 389701 MB Financial 6111 North River Road ROSEMONT IL 60018 Banking 379637 KOR Group 374 Congress Street ste 503 BOSTON MA 02210 Marketing/Consulting 370269 35 129970 5694610 4416435 436011 10241015 TUITION & FEES 900099 65482225 65482225 ROOM AND BOARD 721310 5175769 5175769 PERFORMING ARTS 900099 188073 188073 70846067 1024606 1024606 0 0 696347 392317 304030 304030 304030 7377030 5857337 1519693 1519693 1519693 312238 129970 211106 101132 101132 0 0 PAYMENT PLAN FEES 900099 221490 221490 PARKING AND SECURITY 900099 175669 175669 ALL OTHER REVENUE 900099 310161 310161 707320 84743863 70846067 3656781 0 24416025 24416025 0 0 1400850 806507 276908 317435 0 27440353 24743610 957781 1738962 1753925 1467330 178105 108490 4015381 3535040 227064 253277 2033644 1786974 116615 130055 812125 346262 253154 212709 85251 85251 147745 147745 0 0 0 4056745 3642198 231418 183129 603962 409882 194080 2456384 1972164 140327 343893 783085 754395 28690 0 1229527 1045553 128806 55168 491503 457495 12500 21508 0 764714 608902 90130 65682 1993090 1645482 250815 96793 0 3342882 2841450 334288 167144 537622 460564 51372 25686 APPRECIATION AND HOSPITALITY 764234 507964 178864 77406 UNCOLLECTIBLE ACCOUNTS 331378 331378 INTERCOLLEGIATE SPORTS ACTIVIT 217350 217350 HONORARIUM 147447 144386 3061 199570 122340 77230 80024792 71931873 4072812 4020107 0 0 453025 2711620 6294174 5503397 2780819 2633066 0 65283 0 0 799121 785198 0 0 955182 1126708 118499026 38070867 80693584 80428159 21974338 20848283 0 0 0 0 0 0 2729343 2710485 116679586 116812199 3438486 3922001 0 0 63000 87394 35273272 34634838 622498 675880 0 0 1575000 0 0 0 6792887 10343244 47765143 49663357 X 44025693 42925075 8920573 7955629 15968177 16268138 68914443 67148842 116679586 116812199 X 4719071 -6484672 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 22813514 319677 -526772 780500 21825919 18757836 2909852 4329670 3183844 22813514 16327426 77326 2701842 348758 0 18757836 20559576 5430 -3891580 346000 0 16327426 0.31340 0.64890 0.03770 false false 3070652 3070652 99577966 28436568 71141398 6091192 3151566 2939626 9669820 6482733 3187087 89396 0 89396 80428159 0 FINANCIAL INSTRUMENTS 8589236 U.S. GOVERNMENT GRANTS REFUNDABLE 696470 INTEREST PAYABLE 92291 ACCRUED POST RETIREMENT OBLIGATION 965247 10343244 84743863 80024792 4719071 -6484672 -6484672 -1765601 55846125 -6484672 -6484672 62330797 22413066 22413066 84743863 57611726 57611726 22413066 22413066 80024792 SCHEDULE D, PART IV, LINE 2B ESCROW AND CUSTODIAL ARRANGEMENTS THE BALANCE INCLUDES A) STUDENT TUITION PREPAYMENTS FOR THE JULY/AUGUST SUMMER TERM; B) FUNDS ON DEPOSIT FOR VARIOUS STUDENT ORGANIZATIONS; AND C) CHARITABLE GIFT ANNUITY OBLIGATIONS. Deposit amounts related to students include student tuition and housing deposits for subsequent academic terms. The university also holds funds for a number of student organizations. The university holds these amounts in internally designated accounts. Student organizations deposit funds to and request funds from their internal accounts through the university's normal receipting and accounts payable procedures. The balance also includes the university's obligation under two charitable gift annuities. Annual disbursements are made to the annuitants out of invested annuity funds. SCHEDULE D, PART V, Line 4 Intended Uses of Endowment Funds The University's endowment consists of 136 individual funds established for a variety of purposes. Its endowment includes donor-restricted endowment funds, endowment pledges receivable 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. University management, subject to Board ratification, has interpreted the Uniform Prudent Management of Institutional Funds Act (UPMIFA) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the University classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the University in a manner consistent with the standard of prudence prescribed by UPMIFA. In accordance with UPMIFA, the University will consider the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) The duration and preservation of the fund. (2) The purposes of the organization and the donor-restricted endowment fund. (3) General economic conditions. (4) The possible effect of inflation and deflation. (5) The expected total return from income and the appreciation of investments. (6) Other resources of the organization. (7) The investment policies of the organization. From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level that the donor or UPMIFA requires the University to retain as a fund of perpetual duration. There were no deficiencies of this nature as of June 30, 2012 and 2011, respectively. Schedule D, Part X, Line 2 FIN 48 The University has received a favorable determination letter from the Internal Revenue Service, stating that it is exempt from Federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1986 (IRC), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain positions that require recognition in the financial statements. The organization has not accrued any provision for income taxes as the University has no unrelated business income in the current year. There is no interest or penalties recognized in the statement of activities or statement of position. The tax years ending 2008, 2009, 2010, and 2011 are still open to audit for both Federal and state purposes. Schedule D, Part XII, Line 4B Other OTHER - DISCOUNTS ON TUITION AND FEES 23,016,489 OTHER - RENTAL EXPENSES (392,317) OTHER- FUNDRAISING EXPENSES (211,106) ------------- TOTAL 22,413,066 Schedule D, Part XIII, Line 4B Other OTHER - DISCOUNTS ON TUITION AND FEES 23,016,489 OTHER - RENTAL EXPENSES (392,317) OTHER - FUNDRAISING EXPENSES (211,106) ------------- TOTAL 22,413,066 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY The school's nondiscriminatory policy is published in a newspaper of general circulation that serves all racial segments of the community, and in university viewbooks, the brochure dealing with student admissions and programs. SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT AGENCY THE UNIVERSITY RECEIVES FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION FOR SEVERAL STUDENT FINANCIAL ASSISTANCE PROGRAMS, INCLUDING THE FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL WORK-STUDY PROGRAM, Federal Perkins loan program, federal family education loan program, Teacher Education Assistance for College and Higher Education Grant Program. The university also receives state funding from the Illinois Monetary Assistance Program. Europe (Including Iceland and Greenland) 0 1 Program Services Academic Program 95140 0 1 0 1 95140 95140 false false false false false false Trustee Benefit 442208 129970 312238 7000 67300 60000 76806 0 442208 129970 312238 7000 67300 60000 76806 211106 101132 true UNDERGRADUATE SCHOLARSHIPS AND GRANTS 1709 19122237 Book Value GRADUATE SCHOLARSHIPS AND GRANTS 473 1425716 Book Value FEDERAL PELL GRANTS 910 3652072 Book Value FEDERAL SEOG GRANTS 113 216000 Book Value FORM 990, SCHEDULE I, PART IV, LINE 2 MONITORING THE USE OF GRANT FUNDS IN THE U.S. The awarding of student financial aid grants under the U.S. Department of Education's Student Financial Assistance Program are monitored by the university's Financial Aid Office, which ensures that the university meets the compliance requirements of OMB Circular A-133. The Financial Aid Office is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs. Administration of grant activities is coordinated between the academic Office of Research and Sponsored projects, the University Advancement and the Business Office. These Offices ensure that appropriate controls are established and that grant requirements for documentation, tracking, expenditure of funds and reporting are met. X true true X X X false true false false false false false false false Donna M Carroll 319500 0 0 0 15000 0 64110 0 8436 0 407046 0 0 0 Cheryl Johnson Odim 206329 0 0 0 0 0 20633 0 20601 0 247563 0 0 0 Amy McCormack 182717 0 0 0 0 0 16500 0 2082 0 201299 0 0 0 Mary Ann Rowan 159500 0 0 0 0 0 6180 0 1672 0 167352 0 0 0 Graczyna Cichomska 175100 0 0 0 0 0 17510 0 13837 0 206447 0 0 0 Arvid Johnson 175850 0 0 0 0 0 16500 0 20535 0 212885 0 0 0 Susan Roman 147126 0 0 0 0 0 14713 0 522 0 162361 0 0 0 Jeffrey Carlson 134113 0 0 0 0 0 6706 0 16065 0 156884 0 0 0 Dan Condon 133729 0 0 0 0 0 0 0 20151 0 153880 0 0 0 Mark Rodgers 130313 0 0 0 0 0 13031 0 20350 0 163694 0 0 0 Therese Hogan 108963 9807 8925 127695 SCHEDULE J, PART I, LINE 1A COMPENSATION INFORMATION Payments for business use of personal residence : Annually, the University pays $15,000 to the President for the use of her home for University functions. This arrangement is part of the President's employment contract and the payment was included in her reportable compensation. SCHEDULE J, PART I, LINE 4B PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED REQUIREMENT PLAN The University has a non-qualified 457(f) plan for the University's President Donna Carroll. the deferred amount for FY 2012 was $42,110. VILLAGE OF RIVER FOREST COOK COUNTY IL 366006070 2009-12-01 16200000 REFUND OF BONDS & RENOVATIONS false true false Illinois Finance Authority 861091967 45200BYKB 2006-03-15 30000000 CONSTRUCTION AND RENOVATIONS false true false 16200000 0 0 0 0 0 0 0 0 16200000 0 0 2009 true false true true 30000000 0 0 0 0 0 314000 0 0 29686000 0 0 2007 false false true true false false true true false 0 0.04600 0.04600 true false false false false 0 true true false 0 false 0 false false true false 0 false 0 false false Procedures to Undertake Corrective Action Schedule K, Part V DOMINICAN UNIVERSITY HAS NOT VIOLATED ANY APPLICABLE REQUIREMENTS FOR TAX EXEMPT BONDS BENEFITTING THE UNIVERSITY. THE UNIVERSITY IS IN THE PROCESS OF ESTABLISHING WRITTEN PROCEDURES TO ENSURE TIMELY IDENTIFICATION OF VIOLATIONS OF FEDERAL TAX REQUIREMENTS OR TIMELY CORRECTION OF ANY IDENTIFIED VIOLATIONS. Amy McCormack see below X 65283 65283 false true true 65283 Form 990, Schedule L, Part II Loans to Interested Persons The purpose of the loan was to provide a vice president support for advanced education in the field of educational leadership, and to enhance her portfolio for greater leadership responsibilities in the future. X 2913 71011 Comparable Sale X 1 365000 FMV/Comparable sale 1 false true true FORM 990, SCHEDULE M, PART I, LINE 32A USE OF THIRD PARTIES The university uses an independent third party broker to receive donations of stock and real estate. The broker also sells the securities and real estate based on the directions from the university. FORM 990, PART III, LINE 4D Auxiliary Services TOTAL EXPENSES $5,025,392 (INCLUDING NO GRANTS) TOTAL REVENUE $5,363,842. Auxiliary Services includes student housing and campus dining. The university offers four campus residence hall options, as well as nearby off-site housing. Housing includes a variety of options ranging from suites to single rooms. The student meal plan can be tailored for a number of flex meal arrangements and can be used at several campus dining facilities. Approximately 40% of the student population takes advantage of housing opportunities. Auxiliary Services also includes the activity of the Performing Arts Center, which offers a variety of musical and theater acts to the university and nearby communities. Theater productions are integrated with the undergraduate theater program and utilize many students as part of the productions. Theater students also learn and assist with box office, stage crew and audience/guest artist, and support all musical events. FORM 990, PART VI, LINE 1A the governing body's authority delegated to the committee The Board of Trustees shall have exclusive responsibility for the determination of policy for the Corporation, including the general outlines of procedures essential to implement policy, but the administration of the ordinary activities of the Corporation shall be conducted by its officers and other persons appointed by the officers for that purpose. Subject to the rights of the Members, the responsibilities of the Board of Trustees include, but are not limited to, the following: (a) Appoint or remove the President and other officers of the University in accordance with these Bylaws; (b) Approve degrees in courses upon the recommendation of faculty and honorary degrees on the recommendation of the President; (c) Grant tenure upon the recommendation of the President; (d) Establish and review the educational programs of the University; (e) Oversee long-range planning which ensures that goals, programs, services and functions of the University are consistent with the mission and with educational needs and opportunities; (f) Authorize any changes in tuition and any material changes in fees within the University; (g) Establish annually the budget of the University, which shall be submitted to it upon recommendation of the Finance and Investment Committee; (h) Authorize the construction of new buildings and renovation of existing buildings and assure the proper management of the physical plant; (i) Approve and participate in a comprehensive financial development program to add to the current, special and endowment resources of the University; (j) Authorize officers or agents of the University to accept gifts for the University; (k) Recommend to the Members the acquisition, purchase, sale, mortgage, lease, transfer or encumbrance of the real property owned or proposed to be owned by the University; (l) Require an independent yearly certified audit of financial accounts, records and resources by a certified public accountant. (m) Periodically review these Bylaws and recommend changes to the Members. Form 990, Part VI, Line 2 Family relationships or Business relationships FAMILY Relationship: RAYMOND PARMER, A TRUSTEE HAS A FAMILY RELATIONSHIP WITH CAROLYN NOONAN PARMER, A TRUSTEE EMERITUS OF DOMINICAN UNIVERSITY. James Donahugh has a family relationship with a member of the university. Business Relationship: Eugene T. McEnery MD is a trustee of the university and a director of the Community Bank. Martin J. Noll is a trustee of the University and a chairman of the community bank. Kevin M. Killips is a trustee of the university and the Chief Financial Officer of the Private Bank. Robert F. Coleman is a trustee of the university and a director of the Private Bank. FORM 990, PART VI, LINE 6 members of the organization MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, LINE 7A member elections & resignations Members shall be the Prioress, general Councillors or delegates as determined by the Members, and the General Finance Officer of the Sinsinawa Dominican Congregation. The Members may appoint, in their sole discretion, different Members: (a) when the Members, in their sole discretion, decide to increase the number of Members (within the limitations set forth in Article II, Section 1); or (b) when vacancies occur by reason of death, resignation, failure of qualification, or otherwise. At all times the Members shall be comprised of a majority of persons who are elected officials of the Sinsinawa Dominican Congregation. Each Member shall be entitled to one vote on each matter submitted to a vote of the Members. Any Member may resign by filing a resignation with the Elected Chair (unless the Elected Chair is the person resigning, in which case the resignation shall be filled with the remaining Members.) Unless otherwise stated in a resignation, it shall take effect when received by the person or person(s) to whom delivered as specified above, without any need for its acceptance. Any Member may be removed with or without cause by the affirmative vote of a majority of the Members. FORM 990, PART VI, LINE 7B DECISIONS SUBJECT TO APPROVAL Members amend, restate, or modify the articles of incorporation and the bylaws of the university. Also they approve the acquisition, purchase, sale, mortgage, lease, transfer, or encumbrance of the real property owned by the university. Members ratify the appointment, removal, or replacement of any one or more of the trustees, and approve any plan for dissolution, merger, consolidation, or liquidation of the university. The responsibilities of the Members include the following: (a) To approve the mission of the University, and to assure continuing harmony between the mission of the Sinsinawa Dominican Congregation and the mission of the University. (b) To amend, restate, or modify the Articles of Incorporation and the Bylaws of the University. (c) To approve the acquisition, purchase, sale, mortgage, lease, transfer, or encumbrance of the real property owned by the Corporation. (d) To ratify the appointment, removal, or replacement of any one or more of the Trustees. (e) To approve any plan for dissolution, merger, consolidation, or liquidation of the Corporation. FORM 990, PART VI, LINE 11 BOARD REVIEW OF 990 The tax returns have been reviewed by the grant Thornton tax services team and the returns were provided to the audit and risk management committee. At the meeting, Grant Thornton along with staff reviewed any significant changes. The tax return was approved at the audit and risk management meeting with the understanding that the Senior Vice President for Finance and Administration reviewed and finalized any follow-up that was requested at the meeting. Any follow-up to the items presented at the meeting was completed by the staff and reviewed by grant Thornton tax Service team and final approval by the Senior Vice President for Finance and Administration. Approval by Audit & Risk Management committee was noted in the minutes. A copy of the tax return was emailed to all members of the board of trustees prior to being filed. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY Dominican University has a written Conflict of Interest Policy (the policy) that has been approved by the Board of Trustees, which covers each member of the board of trustees, officers and key employees of the Dominican University. The policy requires each member of the Board of Trustees and officers annually 1) to review the policy; 2) to disclose any possible personal, family or business relationships that reasonably could give rise to a conflict involving the University; 3) to acknowledge by his or her signature that he or she is in accordance with the policy. Annually, the policy is mailed to all Trustees and officers for review, sign-off, and return. Follow-up calls and emails are made to ensure all forms are returned timely. Responses are collected and reviewed by the Compliance and Financial Reporting Manager to determine whether conflicts exist. The Board of Trustees performs due diligence process as documented in the policy in determining the proposed or disclosed potential conflict of interest situation. This would include 1) any material facts of the proposed or disclosed transaction not known to the board or committee; 2) the trustees or officer's interest or relationship with respect to the proposed or disclosed transaction. The presence of a trustee or officer who is directly or indirectly a party to a proposed transaction may not be counted when the board or the committee of the board takes action on the proposed transaction. However, this individual may be counted in determining whether a quorum is present for that particular meeting. FORM 990, PART VI, LINE 15A&B compensation process for the president, officers, and key employees Compensation for the President of the University is determined by the Board of Trustees. Annually, they determine the base compensation based on the comparability data provided by the Director of Human Resources. Bonuses and other indirect compensation is based on meeting stated goals, which are approved by the Executive Committee of the Board of Trustees annually and included as part of the President's contract. Bonuses for the president are determined by the Executive Compensation Committee of the Board of Trustees annually as part of her evaluation. Bonuses for other members of the senior management team are determined by the President. For all other top management positions such as officers, key employees, and academic deans, the President determines the initial compensation based on the data that the Director of Human Resources gathered in relation to market data for similar positions. Annually the Director of Human Resources reviews all compensation, including the senior or top management for equity. Any compensation recommendation is approved by the President and the Senior Vice President of Administration. The compensation review process for the president, officers, and key employees is completed on an annual basis. FORM 990, PART VI, LINE 19 ORGANIZATION DOCUMENTS Dominican makes its governing documents and financial data, such as conflict of interest policy, bylaws, financial statements, and annual operating budgets, available to the public upon request. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES NET UNREALIZED GAINS/(LOSS) $(6,484,672) SINSINAWA DOMINICAN CONGREGATION OF MOST 390816854 Preaching WI 501(C)(3) 01 NA false 585 COUNTRY ROAD Z SINSINAWA WI 53824 N/A false false false false false false false false true false false false true true false false false false