2011-03-08T14:59:05-06:00 2010-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2009-07-01 440545813 Rockhurst University ROCK 8165014000 1100 ROCKHURST ROAD KANSAS CITY MO 64110 GUY SWANSON 2011-03-15 true Michael J Engle 8162216300 2009 2016-02-24 21:20:13Z REV THOMAS B CURRAN OSFS 1100 ROCKHURST ROAD KANSAS CITY MO 64110 93854895 false X WWW.ROCKHURST.EDU X 1910 MO ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. 29 29 1131 145 0 0 5537294 14565019 51834138 54397861 410848 2091219 3826962 4050751 61609242 75104850 19092553 19900732 0 0 23273052 23894811 106181 63000 1620840 20873017 21315170 63344803 65173713 -1735561 9931137 98697659 111148958 53127396 52255373 45570263 58893585 SEE SCHEDULE O false false 44877220 19900732 44949307 INSTRUCTIONAL AND INSTITUTIONAL STUDENT FINANCIAL AID EXPENSES REPRESENT THE COSTS OF DELIVERING THE ROCKHURST EDUCATIONAL EXPERIENCE IN THE CLASSROOM AND PROVIDING FINANCIAL ASSISTANCE TO STUDENTS. SPECIFICALLY, INSTRUCTIONAL COSTS INCLUDE COMPENSATION COSTS OF OVER 300 FULL TIME AND PART TIME FACULTY MEMBERS, AS WELL AS ALL INSTRUCTIONAL MATERIALS, BOOKS AND SUPPLIES. THE UNIVERSITY IS COMMITTED TO MAKING THE ROCKHURST EXPERIENCE AVAILABLE AT A REASONABLE COST, AND DURING THE FISCAL YEAR ENDED JUNE 30, 2010 OFFERED INSTITUTIONAL FINANCIAL AID TO APPROXIMATELY 80% OF STUDENTS. 4544529 0 4551829 ACADEMIC SUPPORT AND SPONSORED PROGRAMS COSTS PRIMARILY RELATE TO SUPPORTING THE LEARNING ENVIRONMENT OF THE UNIVERSITY. SPECIFICALLY, THIS INCLUDES THE GREENLEASE LIBRARY, WHICH PROVIDES RESOURCES TO THE CAMPUS COMMUNITY OF 3,000 UNDERGRADUATE AND GRADUATE STUDENTS; THE COMPUTER SERVICES DEPARTMENT, WHICH SUPPORTS ALL TECHNOLOGY AND MEDIA FUNCTIONS OF THE UNIVERSITY, AND THE ROCKHURST UNIVERSITY COMMUNITY CENTER, WHICH EXISTS TO PROVIDE SERVICE LEARNING OPPORTUNITIES TO UNIVERSITY STUDENTS, AS WELL AS OFFER RESOURCES AND ACTIVITIES TO THE NEIGHBORHOOD COMMUNITY SURROUNDING THE CAMPUS. 7384859 0 7396721 AUXILIARY ENTERPRISES. THE AUXILIARY ENTERPRISES OF THE UNIVERSITY PRIMARILY INCLUDE THE REVENUES GENERATED FROM AND THE EXPENSES ASSOCIATED WITH PROVIDING ROOM AND BOARD TO APPROXIMATELY 800 STUDENTS. 56806608 true true false false false false false false true true false true true false true false false true true false false false true true false false false false false false false false true false false false false true true false false true 101 0 1131 true false false false false false true true false false false 29 29 true false false false false false false true true false false true true true true true true true true true false MO X GUY SWANSON 8165014862 1100 ROCKHURST ROAD KANSAS CITY MO 64110 REV LARRY BIONDI SJ 1.0 X 0 0 0 JAMES G CASTELLANO 1.0 X X 0 0 0 CHARLES DUNLAP 1.0 X 0 0 0 TERRENCE P DUNN 1.0 X 0 0 0 GRETCHEN L DUNFORD 1.0 X 0 0 0 THOMAS GERKE 1.0 X X 0 0 0 DENNIS P HOGAN III 1.0 X 0 0 0 RAYMOND F BEAGLE JR 1.0 X 0 0 0 KERMIT J FENDLER 1.0 X 0 0 0 DUANE LOCK 1.0 X 0 0 0 GREG GRAVES 1.0 X 0 0 0 WALTER MCCORMICK 1.0 X 0 0 0 THOMAS A MCDONNELL 1.0 X 0 0 0 MICHAEL O'FLAHERTY 1.0 X 0 0 0 REV MICHAEL D BARBER SJ 1.0 X 0 0 0 REV NICHOLAS RASHFORD SJ 1.0 X 0 0 0 DANIEL P CHARLES 1.0 X 0 0 0 YOUNG SEXTON 1.0 X 0 0 0 MARNY DONNELLY SHERMAN 1.0 X 0 0 0 CAROL A DIRAIMO 1.0 X 0 0 0 RICHARD T SULLIVAN 1.0 X 0 0 0 DENNIS J THUM 1.0 X 0 0 0 STEPHEN A VALENTINO 1.0 X 0 0 0 REV JOHN J VOWELLS SJ 1.0 X 0 0 0 REV PAUL H VU SJ 1.0 X 0 0 0 PATRICK WANK 1.0 X 0 0 0 CLYDE F WENDEL 1.0 X X 0 0 0 KAREN T HAREN 1.0 X 0 0 0 MATTHEW WENGERT 1.0 X 0 0 0 REV THOMAS B CURRAN OSFS 40.0 X 0 0 0 GUY SWANSON 40.0 X 149435 0 19683 WILLIAM HAEFELE 40.0 X 135362 0 15658 JAMES M DALEY 40.0 X 141839 0 12329 ANTHONY L TOCCO 40.0 X 112925 0 19564 SARA A DAVIDS 40.0 X 113955 0 10452 CHERYL A MCCONNELL 40.0 X 109135 0 12106 SHIRLEY A SCRITCHFIELD 40.0 X 105925 0 13309 868576 0 103101 10 false true false HUSCH BLACKWELL SANDERS LLP LEGAL SERVICES 137080 SODEXO INC FOOD SERVICE 2384533 2 5000 148990 616102 13794927 85987 14565019 TUITION & FEES 611600 50326462 50326462 HOUSING INCOME 611710 4019547 4019547 STUDENT LOAN INTEREST 611710 51852 51852 54397861 548549 548549 0 0 152832 96979 55853 55853 55853 20079757 1200 18537711 576 1542046 624 1542670 1542670 50665 148990 114779 -64114 -64114 0 0 CAFETERIA INCOME 722210 2287661 2287661 BOOKSTORE INCOME 611710 124847 124847 ATHLETIC INCOME 900099 87488 87488 1559016 1559016 4059012 75104850 56897857 0 3641974 0 19900732 19900732 0 0 320139 320139 0 19579622 15616027 3043433 920162 812213 637425 137264 37524 1842217 1445772 311335 85110 1340620 1052118 226565 61937 0 147067 147067 79980 79980 0 63000 63000 136080 136080 2384533 1788400 596133 292888 254594 30412 7882 1308110 1137078 135829 35203 538992 468520 55967 14505 0 2372022 2061886 246301 63835 990042 860596 102802 26644 0 468410 407166 48638 12606 2299174 1998563 238737 61874 0 2420914 2104385 251378 65151 486146 422584 50479 13083 STUDENT AID 1730662 1730662 REPAIRS & MAINTENANCE 1352419 1175593 140430 36396 MAINTENANCE CONTRACTS 683825 594416 71006 18403 CONTRACTUAL SERVICES 1024230 890314 106352 27564 MISCELLANEOUS EXP 2599676 2259777 269938 69961 65173713 56806608 6746265 1620840 2485828 4056942 2131483 10998810 941766 1511308 999085 514413 755005 710016 107058890 42335263 64287549 64723627 26778797 25818531 -1907245 538909 2225391 2276402 98697659 111148958 4101032 4038005 36865000 35855000 6489470 5724133 5671894 6638235 53127396 52255373 X 13652904 15197483 3769996 14246107 28147363 29449995 45570263 58893585 98697659 111148958 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28510789 560825 4776455 1868500 1587869 101062 30290638 34947027 1453389 -4713161 1941000 1157008 78458 28510789 0.00000 0.86223 0.13777 true false 1323980 5014367 6338347 1770681 69288150 26201369 44857462 0 0 0 0 0 28715614 16133894 12581720 0 946098 0 946098 64723627 0 ASSET RETIREMENT OBLIGATION 713800 DEPOSITS HELD FOR OTHERS 191489 ANNUITIES PAYABLE 63885 GOVERNMENTAL LOAN OBLIGATIONS 1704379 INTEREST RATE SWAPS 3964682 6638235 LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 THE UNIVERSITY ADOPTED PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES-AN INTERPRETATION OF FASB STATEMENT NO. 109, WHICH WAS SUBSEQUENTLY INCORPORATED INTO THE FASB ACCOUNTING CODIFICATION (ASC) TOPIC 740. THE IMPLEMENTATION OF THIS STANDARD HAD NO SIGNIFICANT IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD DESIGNATED ENDOWMENTS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP"), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S GOVERNING BODY HAS INTERPRETED THE STATE OF MISSOURI PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA), ADOPTED IN AUGUST 2009, AS REQUIRING 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 DONOR-RESTRICTED ENDOWMENT FUNDS 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 SPMIFA. IN ACCORDANCE WITH SPMIFA, THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. DURATION AND PRESERVATION OF THE FUND 2. PURPOSES OF THE UNIVERSITY AND THE FUND 3. GENERAL ECONOMIC CONDITIONS 4. POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. EXPECTED TOTAL RETURN FROM INVESTMENT INCOME AND APPRECIATION OR DEPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. INVESTMENT POLICIES OF THE UNIVERSITY ASSETS OF THE ENDOWMENT FUND ARE POOLED ON A MARKET VALUE BASIS. EACH INDIVIDUAL POOLED ENDOWMENT FUND SUBSCRIBES TO OR DISPOSES OF UNITS ON THE BASIS OF THE PER-UNIT MARKET VALUE AT THE BEGINNING OF THE CALENDAR MONTH WITHIN WHICH THE TRANSACTION TAKES PLACE. UNDER THE UNIVERSITY'S ENDOWMENT SPENDING POLICY, FOR OPERATIONAL PURPOSES THE BOARD OF TRUSTEES ANNUALLY DIRECTS THAT A PERCENTAGE OF A THREE-YEAR ROLLING AVERAGE MARKET VALUE OF INVESTMENTS HELD FOR ENDOWMENT PURPOSES BE ALLOCATED AS A DISTRIBUTION OF ENDOWMENT INCOME FOR CURRENT OPERATIONS. FOR 2010, SUCH PERCENTAGE WAS 5%. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED ENDOWMENT FUNDS THE UNIVERSITY MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS THOSE OF BOARD-DESIGNATED ENDOWMENT FUNDS. UNDER THE UNIVERSITY'S POLICIES, ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAINTAIN PURCHASING POWER, WHILE REDUCING, TO THE GREATEST EXTENT POSSIBLE, THE POSSIBILITY OF LOSS. THE ENDOWMENT FUND'S RETURN IS MEASURED ON A TIME WEIGHTED TOTAL RETURN BASIS OVER A ONE, THREE AND FIVE YEAR PERIOD OF TIME AGAINST APPROPRIATE BENCHMARKS AND A MANAGER UNIVERSE OF FUNDS HAVING A SIMILAR INVESTMENT STYLE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CURRENT YIELD (INVESTMENT INCOME SUCH AS DIVIDENDS AND INTEREST) AND CAPITAL APPRECIATION (BOTH REALIZED AND UNREALIZED). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. true true true THE UNIVERSITY PUBLISHES THE FOLLOWING NONDISCRIMINATION STATEMENT ON UNIVERSITY WEBSITE, IN THE UNIVERSITY CATALOG, IN THE UNIVERSITY NEWSPAPER, ON APPLICATIONS FOR ADMISSION, IN THE FINANCIAL AID GUIDE AND OTHER BROCHURES AND SOLICITATIONS: "ROCKHURST UNIVERSITY IS COMMITTED PROVIDING EQUAL OPPORTUNITY FOR ALL PERSONS REGARDLESS OF RACE, COLOR, CREED, RELIGION, SEX, PREGNANCY STATUS, SEXUAL ORIENTATION, MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY, AGE, GENDER, DISABILITY, CITIZENS OR INTENDING CITIZENSHIP STATUS, GENDER IDENTITY, VETERAN STATUS OR A OTHER STATUS PROTECTED BY LAW. EQUAL OPPORTUNITY EXTENDS TO ALL ASPECT OF THE ADMINISTRATION OF EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETICS, AND OTHER SCHOOL-ADMINISTERED POLICIES AND PROGRAMS, AND IN ITS EMPLOYMENT RELATED POLICIES AND PROCEDURES." true true true true false false false false false false false false true false THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT, ACADEMIC COMPETITIVENESS GRANT, NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANT, FEDERAL WORK STUDY PROGRAM, ARRA FEDERAL WORK STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL PERKINS LOAN, FEDERAL DIRECT LOAN AND FEDERAL FAMILY EDUCATION LOAN PROGRAMS. true Europe (Including Iceland and Greenland) Program Services EDUCATIONAL 24521 South America Program Services EDUCATIONAL 84958 109479 X X X X X X X true WILSON BENNETT TECHNOLOGY PHONE CAMPAIGN false 185289 63000 122289 185289 63000 122289 All States ANNUAL GALA 134324 113174 21150 0 0 14587 12972 0 24711 KC GOLF TOURNEY 35955 25740 10215 0 8023 12480 1052 0 7336 1 29376 10076 19300 0 6248 9398 10196 0 7776 199655 148990 50665 0 14271 36465 24220 0 39823 114779 -64114 true SCHOLARSHIPS 1463 19900732 PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 THE GRANTS MADE BY THE UNIVERSITY ARE PRIMARILY FOR STUDENT AID AND SCHOLARSHIPS. A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE UNIVERSITY ON THE BASIS OF ACADEMIC AND ATHLETIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X X X X X false false false false false false false false false GUY SWANSON 149435 0 0 0 0 0 9573 0 10110 0 169118 0 0 0 JAMES M DALEY 141839 0 0 0 0 0 8726 0 3602 0 154167 0 0 0 WILLIAM HAEFELE 135362 0 0 0 0 0 8548 0 7110 0 151020 0 0 0 OFFICER COMPENSATION FORM 990, PART VII, SECTION A, LINE 1 THE COMPENSATION PAID TO REV THOMAS B CURRAN OSFS, PRESIDENT, IS PAID TO HIS RELIGIOUS ORDER. X 85214 FMV AT DATE RECEIVED X VARIOUS 7 773 RESALE VALUE 0 false true true USE OF THIRD PARTIES TO SOLICIT, PROCESS OR SELL NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B THE UNIVERSITY USES AN OUTSIDE BROKERAGE FIRM TO SELL SHARES OF STOCK THE UNVERSITY RECEIVES AS CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 ROCKHURST UNIVERSITY EXISTS TO TRANSFORM LIVES BY CREATING A LEARNING COMMUNITY CENTERED IN EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION AND GRADUATE EDUCATION. ROCKHURST IS CATHOLIC AND JESUIT, INVOLVED IN THE LIFE AND GROWTH OF THE CITY AND THE REGION, AND COMMITTED TO THE SERVICE OF THE CONTEMPORARY WORLD. BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 TERRENCE P DUNN, GREG GRAVES AND CLYDE F WENDEL, ALL TRUSTEES, HAVE A BUSINESS RELATIONSHIP. TERRENCE P DUNN AND GREG GRAVES SERVE ON THE BOARD OF DIRECTORS FOR UMB BANK AND CLYDE F WENDEL IS THE VICE CHAIRMAN OF UMB BANK. THOMAS GERKE, TRUSTEE, AND WALTER B MCCORMICK, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. THOMAS GERKE SERVES ON THE BOARD OF DIRECTORS FOR US TELECOM ASSOCIATION, WHICH EMPLOYS WALTER B MCCORMICK. THOMAS A MCDONNELL, TRUSTEE AND TERRENCE P DUNN, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. THEY SERVE ON THE BOARD OF DIRECTORS FOR KANSAS CITY SOUTHERN. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THAT UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. THE DRAFT VERSION 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. ANY QUESTIONS OR CONCERNS THAT THE AUDIT COMMITTEE MEMBERS HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS ARE MADE. AN ELECTRONIC COPY OF THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF HIRE FOR FACULTY AND ADMINISTRATIVE STAFF, AND THEREAFTER IS AVAILABLE ON THE UNIVERSITY'S INTRANET SITE. IN THE CASE OF THE BOARD OF TRUSTEES, A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED AT THE TIME OF ELECTION, AND THEREAFTER ON AN ANNUAL BASIS. TRUSTEES, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES ARE ALSO REQUIRED TO COMPLETE ANNUALLY A DISCLOSURE STATEMENT REGARDING BUSINESS AND FAMILY RELATIONSHIPS, RELATED PERSONS AND ACTIVITIES. THE COMPLETED DISCLOSURE STATEMENTS ARE REVIEWED BY UNIVERSITY MANAGEMENT AND ACCOUNTING PERSONNEL, AND ARE KEPT ON FILE IN THE UNIVERSITY'S OFFICE OF FINANCE AND HUMAN RESOURCES. IF AN INTERESTED PARTY IS AN EMPLOYEE, A MEMBER WITH OVERSIGHT OF THE DEPARTMENT EMPLOYING THE INDIVIDUAL SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND IMPLEMENT THE APPROPRIATE SAFEGUARDS AND CONFLICT MANAGEMENT PLAN TO PROTECT THE UNIVERSITY AND THE PARTIES, INCLUDING NOTIFYING THE BOARD OF TRUSTEES. IF THE INTERESTED PARTY IS AN OFFICER, TRUSTEE OR MEMBER OF A COMMITTEE, AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF TRUSTEES OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OF TRUSTEES OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & B THE BOARD OF TRUSTEES (IN EXECUTIVE SESSION) DETERMINES THE ANNUAL COMPENSATION FOR THE UNIVERSITY PRESIDENT. THE TERMS OF THE PRESIDENT'S COMPENSATION ARE DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT ON FILE IN THE UNIVERSITY HUMAN RESOURCES DEPARTMENT. THE PRESIDENT'S COMPENSATION IS PAID TO HIS RELIGIOUS ORDER. THE UNIVERSITY PLANNING & BUDGETING COMMITTEE MAKES AN ANNUAL RECOMMENDATION TO THE PRESIDENT AND BOARD OF TRUSTEES FOR ANY SALARY ADJUSTMENTS FOR FACULTY AND ADMINISTRATIVE STAFF WITHIN THE PARAMETERS OF THE ANNUAL OPERATING BUDGET. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. ROCKHURST UNIVERSITY - CEC 6901 WEST 63RD ST SHAWNEE MISSION KS 66202 431576558 CONTINUING ED MO 501(c)(3) 9 NA WOODROCK FOUNDATION 1100 ROCKHURST ROAD KANSAS CITY MO 64110 430980688 REAL ESTATE MO 501(c)(2) N/A NA true false false true false false false false false false false false false false false false false true ROCKHURST UNIVERSITY - CEC A 49175 ROCKHURST UNIVERSITY - CEC R 484672