2011-03-10T14:00:09-06:00 2010-06-30 CROWE HORWATH LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2009-07-01 350868152 SAINT JOSEPH'S COLLEGE SAIN 2198666000 US 231 SOUTH PO BOX 889 RENSSELAER IN 47978 RANDAL J FREEBOURN 2011-03-10 true 5742323992 2009 2016-02-24 21:20:13Z RANDAL J FREEBOURN US 231 SOUTH RENSSELAER IN 47978 82926095 false X WWW.SAINTJOE.EDU X 1889 IN SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. 32 31 217 75 215277 -117930 5478186 55651941 25326812 24297249 -1286085 1644632 510062 563720 30028975 82157542 9295365 9584173 0 11462559 10829769 0 386565 10384439 9956742 31142363 30370684 -1113388 51786858 50743633 100201819 32436457 30789425 18307176 69412394 SAINT JOSEPH'S COLLEGE (INDIANA), A PRIMARILY UNDERGRADUATE CATHOLIC COLLEGE, FOUNDED AND SPONSORED BY THE MISSIONARIES OF THE PRECIOUS BLOOD, PLEDGES ITSELF TO A TRADITION OF EXCELLENCE AND TO A LIBERAL EDUCATION THAT IS A UNITED ENDEAVOR OF INTELLIGENCE AND FAITH. (CONTINUED IN SCHEDULE O) false false 23947263 9584173 24127627 AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION-AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 23947263 true true false false false false false false true true true false true false false false true false true true false false true true true false false true false false false false false false false true false false false false false false false false true 68 0 true 217 true true true false false false false true true false false false 32 31 true false false false true false true true true false false false true true true true true true false false IN X SCOTT J MAIENBROOK 2198666470 US 231 SOUTH RENSSELAER IN 47978 STEVE LIGDA 1 X X 0 0 0 JOHN NICHOLS 40 X X 72170 0 12794 BENEDICT SPONSELLER 1 X X 0 0 0 WILLIAM STANG CPPS 1 X 0 0 0 TOM O'BRIEN 1 X 0 0 0 TODD ROKITA 1 X 0 0 0 STEPHEN G BRINKER 1 X 0 0 0 STEPHEN RUFF 1 X 0 0 0 ROBERT CASSEY 1 X 0 0 0 PATRICK DOWNEY 1 X 0 0 0 PATRICIA MULCAHY 1 X 0 0 0 MICHAEL VAN EEKEREN 1 X 0 0 0 MICHAEL VALLONE 1 X 0 0 0 MICHAEL EVANS 1 X 0 0 0 MARK BEHNKE 1 X 0 0 0 LOU OFFER 1 X 0 0 0 LARRY LAUDICK 1 X 0 0 0 KRIS SAKELARIS 1 X 0 0 0 JOSEPH FISHER CPPS 1 X 0 0 0 JORDAN LEISING 1 X 0 0 0 JOHN GAUSE 1 X 0 0 0 JOHN FREIBURGER 1 X 0 0 0 JANICE PYRCE 1 X 0 0 0 JAMES BOLER 1 X 0 0 0 JACK WHELAN 1 X 0 0 0 JACK MCCARTHY 1 X 0 0 0 FR MARK PERES CPPS 1 X 0 0 0 FR KENNETH SCHNIPKE CPPS 1 X 0 0 0 DAVID OWENS 1 X 0 0 0 CAROL WOOD 1 X 0 0 0 BISHOP WILLIAM HIGI 1 X 0 0 0 ANGELO ANTHONY CPPS 1 X 0 0 0 LESLIE FRERE 40 X 53814 0 3954 MAUREEN EGAN 40 X 94844 0 7900 MARYANN JANOSIK 40 X 91016 0 8622 RANDAL FREEBOURN 40 X 102538 0 17082 F DENNIS RIEGELNEGG 40 X 86942 0 8512 DR ERNEST R MILLS III 0 X 147806 0 12851 649130 0 71715 2 false true false 'SODEXO INC AND AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60604 FOOD SERVICE 1395813 1 0 0 15600 0 211647 55424694 40374028 55651941 TUITION AND FEES 18982078 18982078 0 0 DINING HALL AND STUDENT CENTER 2678379 2678379 0 0 RESIDENCE HALLS 2636792 2467170 169622 0 0 0 0 0 0 0 0 0 0 0 0 0 24297249 792146 0 0 792146 0 0 0 0 0 0 0 0 159595 0 0 0 159595 0 159595 0 45655 113940 790395 14902 -61191 14002 851586 900 852486 0 0 852486 109837 15600 39396 70441 0 0 70441 30124 3617 26507 0 0 26507 845907 772729 73178 0 0 73178 SERVICE DEPARTMENT 60957 0 0 60957 FEES AND FINES 53031 0 0 53031 COMMISSIONS, REBATES, AND REFUNDS 24651 0 0 24651 95360 0 0 95360 233999 82157542 24127627 215277 2162697 0 0 9506903 9506903 77270 77270 0 0 560188 409581 136783 13824 0 0 0 0 7753667 5679120 1860742 213805 310543 224226 86317 0 1646199 1180599 465600 0 559172 403747 155425 0 0 0 0 0 33745 0 33745 0 222182 113368 108314 500 0 0 0 0 0 0 73707 0 73707 0 241809 115497 126312 0 22130 7181 14949 0 1379497 783223 476042 120232 20820 6910 1207 12703 1490 1490 0 0 1299813 341698 958115 0 174499 126904 43465 4130 0 0 0 0 0 0 0 0 772466 0 772466 0 0 0 0 0 1705338 1331660 373678 0 280603 218471 61353 779 SUMMER CAMPS & OTHER STUDENT EXPENSES 1828577 1828577 0 0 ATHLETICS 155192 155192 0 0 MEMBERSHIP DUES & SUBSCRIPTIONS 138784 113956 21639 3189 PROFESSIONAL DEVELOPMENT & RECRUITING 75234 68669 6565 0 BAD DEBT EXPENSE 10482 0 10482 0 1520374 1253021 249950 17403 30370684 23947263 6036856 386565 0 0 0 0 2208 5973 2721755 4171179 1308346 9690320 278872 302564 0 0 0 0 2004164 1876263 151168 177869 569525 709623 105738772 34598381 31381387 71140391 8645114 9632112 1077910 1155530 0 0 0 0 2603184 1339995 50743633 100201819 1335716 1338468 0 0 310866 309878 23955000 23555000 0 0 0 0 2190857 239893 0 0 4644018 5346186 32436457 30789425 X 7332819 8133192 2385413 11203108 8588944 50076094 0 0 0 0 0 0 18307176 69412394 50743633 100201819 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14803005 41692851 1682484 546884 126316 105800 57399340 16448155 300209 -1143176 0 802183 0 14803005 0.0933 0.8724 0.0343 false false 46323473 0 46323473 0 42997680 20505755 22491925 0 1759394 813010 946384 0 14658225 13279616 1378609 0 0 0 0 71140391 0 FAIR VALUE OF INTEREST RATE SWAP 2633855 ANNUITY CONTRACTS PAYABLE 410225 U.S. GOVERNMENT ADVANCES 1796397 ASSET RETIREMENT OBLIGATIONS 505709 5346186 82157542 30370684 51786858 0 0 0 0 -681640 -681640 51105218 72833427 0 190742 0 -10265813 -10075071 82908498 64786 -815742 -750956 82157542 21728209 190742 0 0 815742 1006484 20721725 64786 9584173 9648959 30370684 Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. INCLUDED IN THE ENDOWMENT FUNDS ARE "FUNDS ACTING AS ENDOWMENT," WHERE A DONATION OF PERMANENTLY RESTRICTED FARM LAND IS HELD. THE AMOUNT OF THE FARM LAND IS NOT INCLUDED IN THE ORGANIZATION'S ENDOWMENT RETURN SPENDING FORMULA. FIN 48 footnote Schedule D, Part X, Line 2 THE COLLEGE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE COLLEGE HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2010 AND 2009. THE COLLEGE IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2006 AND FOR ALL STATE INCOME TAXES THROUGH 2006. THE COLLEGE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2010 AND 2009. Other changes in net assets Schedule D, Part XI, Line 8 GAIN ON TRUSTS HELD BY OTHERS - 77620; UNREALIZED LOSS ON INTEREST RATE SWAP - -759260; OTHER - 0; TOTAL - -681640 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d SCHOLARSHIPS AND AID - -9584173; GAIN ON TRUSTS HELD BY OTHERS - 77620; UNREALIZED LOSS ON INTEREST RATE SWAP - -759260; OTHER - 0; TOTAL - -10265813 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b COST OF GOODS SOLD - -772729; FUNDRAISING EXPENSES - -39396; GAMING EXPENSES - -3617; OTHER - 0; TOTAL - -815742 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d COST OF GOODS SOLD - 772729; FUNDRAISING EXPENSES - 39396; GAMING EXPENSES - 3617; OTHER - 0; TOTAL - 815742 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIPS AND AID - 9584173; OTHER - 0; TOTAL - 9584173 true true true THE SAINT JOSEPH'S COLLEGE MISSION STATEMENT STATES, THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY, WHICH IS PUBLISHED IN ALL THE EXTERNAL AND INTERNAL PUBLICATIONS. THE COLLEGE IS ALSO AN EQUAL OPPORTUNITY EMPLOYER AND STATES SO IN ALL OPEN POSITION LISTINGS. THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS ALSO PUBLICIZED THROUGH THE STUDENT HANDBOOK. true true true true false false false false false false false false true false true true SCHOLARSHIPS AWARDED MIDDLE EAST AND NORTH AFRICA 1 8000 CREDIT STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS AWARDED EAST ASIA AND THE PACIFIC 1 18500 CREDIT STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS AWARDED EUROPE (INCLUDING ICELAND AND GREENLAND) 1 31770 CREDIT STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS AWARDED NORTH AMERICA (CANADA & MEXICO ONLY) 1 19000 CREDIT STUDENT ACCOUNT 0 N/A N/A Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. SCHOLARSHIP DINNER 125437 15600 109837 0 0 2236 21340 975 14845 125437 15600 109837 0 0 2236 21340 975 14845 39396 70441 30124 3517 0 0 100 true 0.75 30124 3517 0 0 100 3617 26507 IN true false false false 1 0 SCOTT J MAIENBROOK US 231 SOUTH RENSSELAER IN 47978 false NA 0 THE COLLEGE DOES NOT HAVE A SEPARATE GAMING MANAGER. THESE RECORDS ARE HANDLED THROUGH THE BUSINESS OFFICE; THE CONTROLLER MANAGES THE SEGREGATED GAMING FUNDS. false true SCHOLARSHIPS AWARDED 739 9335620 0 N/A N/A EMPLOYEE TUITION WAIVERS 51 171283 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS AT THE COLLEGE ARE LIMITED TO TUITION WAIVERS AND SCHOLARSHIPS. TUITION WAIVERS ARE GRANTED ACCORDING TO TERMS AS SET FORTH IN THE EMPLOYEE HANDBOOK. SCHOLARSHIPS ARE AWARDED IN STUDENT FINANCIAL SERVICES ACCORDING TO GUIDELINES AS PUBLISHED IN THE ACADEMIC CATALOG. FUNDS ARE CREDITED DIRECTLY TO A STUDENT'S ACCOUNT TO ENSURE THE PROPER USE OF FUNDS. X X X true true X X X false false false false false false false false false DR ERNEST R MILLS III 94664 0 48950 0 4192 0 9209 0 3642 0 160657 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a DURING THE 2009 YEAR, FATHER WILLIAM STANG, C.PP.S, WAS NOMINATED AND APPROVED AS THE FACULTY REPRESENTATIVE ON THE BOARD OF DIRECTORS OF SAINT JOSEPH'S COLLEGE. LIKE SEVERAL OF HIS FELLOW C.PP.S MEMBERS, FR. STANG PARTICIPATES ACTIVELY AS A VOTING MEMBER OF THE BOARD THUS MAKING HIM AN "INTERESTED PERSON" AS IT RELATES TO THE COLLEGE'S 990. WHILE WE ALSO HAVE SEVERAL MEMBERS OF THE C.PP.S LIVING ON CAMPUS, FR. STANG IS THE ONLY C.PP.S MEMBER WHO BOTH LIVES ON CAMPUS AND IS ON THE BOARD. AS PART OF THE COLLEGE'S ARRANGEMENT WITH THE C.PP.S, THE CATHOLIC SOCIETY WHO ORIGINALLY FOUNDED AND CONTINUES TO SPONSOR THE COLLEGE, THE COLLEGE PROVIDES ROOM, BOARD, AND RELATED LIVING EXPENSES, ALONG WITH A SUSTENANCE STIPEND. WHILE THE NON-TAXABLE ROOM AND BOARD IS A CONDITION OF HIS APPOINTMENT TO SAINT JOSEPH'S COLLEGE, THE STIPEND MAY OR MAY NOT BE TAXABLE DEPENDING ON HIS ENTIRE INCOME PICTURE, WHICH THE COLLEGE DOES NOT COMPLETE ON HIS BEHALF. Health or social club dues or initiation fees Schedule J, Part I, Line 1a IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. Personal services Schedule J, Part I, Line 1a DURING THE 2009 YEAR, FATHER WILLIAM STANG, C.PP.S, WAS NOMINATED AND APPROVED AS THE FACULTY REPRESENTATIVE ON THE BOARD OF DIRECTORS OF SAINT JOSEPH'S COLLEGE. LIKE SEVERAL OF HIS FELLOW C.PP.S MEMBERS, FR. STANG PARTICIPATES ACTIVELY AS A VOTING MEMBER OF THE BOARD THUS MAKING HIM AN "INTERESTED PERSON" AS IT RELATES TO THE COLLEGE'S 990. WHILE WE ALSO HAVE SEVERAL MEMBERS OF THE C.PP.S LIVING ON CAMPUS, FR. STANG IS THE ONLY C.PP.S MEMBER WHO BOTH LIVES ON CAMPUS AND IS ON THE BOARD. AS PART OF THE COLLEGE'S ARRANGEMENT WITH THE C.PP.S, THE CATHOLIC SOCIETY WHO ORIGINALLY FOUNDED AND CONTINUES TO SPONSOR THE COLLEGE, THE COLLEGE PROVIDES ROOM, BOARD, AND RELATED LIVING EXPENSES, ALONG WITH A SUSTENANCE STIPEND. WHILE THE NON-TAXABLE ROOM AND BOARD IS A CONDITION OF HIS APPOINTMENT TO SAINT JOSEPH'S COLLEGE, THE STIPEND MAY OR MAY NOT BE TAXABLE DEPENDING ON HIS ENTIRE INCOME PICTURE, WHICH THE COLLEGE DOES NOT COMPLETE ON HIS BEHALF. INDIANA EDUCATIONAL FACILITIES AUTHORITY 521698917 4550482B3 2004-09-16 16300000 REFUND PRIOR BOND ISSUE AND EDUCATIONAL FACILITIES IMPROVEMENT false false INDIANA FINANCE AUTHORITY 351602316 2010-02-05 8000000 REFUND PRIOR BOND ISSUE FOR EDUCATIONAL FACILITIES IMPROVEMENT false false 16376154 0 11961828 0 347175 0 3990997 2006 true false true true 8000950 0 8000000 0 0 0 0 2010 true false true true false false false false 0.000 0.000 0.000 true false false false false 0.000 0.000 0.000 true false true true CHARTER ONE 25.0 false NA 0.0 false true false false false NA 0.0 false NA 0.0 false true X 8511 COST X 13832 COST X 8 142806 MARKET VALUE X 1 40182473 MARKET VALUE X 17 2665 COST X 20 1747 COST X MISCELLANEOUS ITEMS 99 21994 COST 3 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a THE ORGANIZATION USED JENKINS REALTY FOR THE APPRAISAL OF THE PARCEL OF LAND RECEIVED DURING THE YEAR ENDED JUNE 30, 2009; THE PROPERTY LOT HAS NOT SOLD AS OF THE DATE OF COMPLETION. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 MARK BEHNKE, A CURRENT TRUSTEE, AND BETTY BEHNKE - FAMILY RELATIONSHIP; PATRICK DOWNEY, A CURRENT TRUSTEE, AND TIM DOWNEY, A LIFETIME TRUSTEE - FAMILY RELATIONSHIP; FATHER WILLIAM STANG, FATHER KENNETH SCHNIPKE, FATHER MARK PEREZ, FATHER ANGELO ANTHONY, AND FATHER JOSEPH FISHER (ALL CURRENT TRUSTEES) - BUSINESS RELATIONSHIP; Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE ORGANIZATION'S MEMBERS ARE THOSE PERSONS HOLDING THE OFFICES OF THE PROVINCIAL DIRECTOR AND THOSE SERVING ON THE PROVINCIAL COUNCIL OF THE SOCIETY OF THE PRECIOUS BLOOD (C.PP.S.), CINCINNATI PROVINCE, A ROMAN CATHOLIC SOCIETY OF APOSTOLIC LIFE. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE FOLLOWING POWERS ARE RESERVED TO THE MEMBERS: A. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE ARTICLES OF INCORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; B. TO ADOPT THE AMENDMENT, ALTERATION, MODIFICATION, OR REPEAL OF THE BYLAWS OF THE CORPORATION AS PROPOSED BY THE BOARD OF TRUSTEES; C. TO DISSOLVE OR TERMINATE THE EXISTENCE OF THE CORPORATION AND TO DETERMINE THE DISTRIBUTION OF ASSETS UPON SUCH TERMINATION OR DISSOLUTION AS PROPOSED BY THE BOARD OF TRUSTEES; D. TO MERGE, CONSOLIDATE, OR AFFILIATE THE CORPORATION WITH ANOTHER CORPORATION, ORGANIZATION, OR PROGRAM AS PROPOSED BY THE BOARD OF TRUSTEES; E. TO APPROVE THE MISSION STATEMENT OF THE COLLEGE OR ANY CHANGE TO THE MISSION STATEMENT AS PROPOSED BY THE BOARD OF TRUSTEES. THE MEMBERS ALSO HAVE THE RIGHT TO PROHIBIT ANY ORGANIZATION OR POLICY AT THE COLLEGE THAT ARE INCONSISTENT WITH THE CATHOLIC IDENTITY OF THE COLLEGE. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE, AND A COPY OF THE FORM 990, EXCLUDING SCHEDULE B, IS PRESENTED BY OUR TAX ADVISORS TO EACH MEMBER OF THE GOVERNING BODY AT A BOARD MEETING PRIOR TO ITS FILING WITH THE IRS. SCHEDULE B IS MADE AVAILABLE TO EACH MEMBER OF THE GOVERNING BODY UPON THEIR REQUEST. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE FULL BOARD OF DIRECTORS REVIEWED THE FORMER PRESIDENT'S PERFORMANCE AND THE APPROPRIATE AMOUNT OF COMPENSATION WAS DETERMINED AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN MAY 2009. THE FORMER PRESIDENT'S SALARY WAS COMPARED TO A 31-SCHOOL COMPARISON GROUP IN ORDER TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION. THIS PROCESS WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. THE ORGANIZATION HIRED A NEW PRESIDENT ON JULY 1, 2009. IN ORDER TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION, THE NEW PRESIDENT'S COMPENSATION WAS COMPARED TO A 31-SCHOOL COMPARISON GROUP AT AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN OCTOBER 2010; HIS SALARY WAS ADJUSTED RETROACTIVELY TO JULY 1, 2009 AT THIS TIME. THIS PROCESS WAS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. Public Disclosure Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Financial aid or assistance from a governmental agency Schedule E, Line 6a THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF TITLE IV FUNDS: PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, PERKINS LOAN FUNDS, DIRECT LOANS, ETC. THE ORGANIZATION ALSO RECEIVES FINANCIAL AID FROM THE STATE STUDENT ASSISTANCE COMMISSION OF INDIANA IN GRANTS SUCH AS: HIGHER EDUCATION AWARDS, FREE OF CHOICE, AND 21ST CENTURY. AID HAS NOT BEEN SUSPENDED OR REVOKED. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS FORM 990, PART VI, SECTION B, LINE 15B THE ORGANIZATION'S ADMINISTRATIVE STAFF, WHICH INCLUDES THE PRESIDENT, VP OF ACADEMIC AFFAIRS, VP OF BUSINESS AFFAIRS, VP OF INSTITUTIONAL ADVANCEMENT, AND DEAN OF STUDENTS, USES A 31-SCHOOL COMPARISON GROUP TO DETERMINE THE COMPENSATION AND ANY RAISES FOR OTHER OFFICERS, AS WELL AS ALL OTHER COLLEGE EMPLOYEES. THE BOARD OF DIRECTORS DETERMINED THAT NO PAY RAISES WOULD BE GIVEN TO ANY EMPLOYEES IN MAY 2009; BASE COMPENSATION WAS ALSO REVIEWED BY THE ADMINISTRATIVE STAFF AT THIS TIME.