2011-03-15T13:18:04-04:00 2010-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2009-06-01 231352654 LA SALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 REBECCA HORVATH 2011-03-10 true 7032868000 2009 2016-02-24 21:20:13Z MICHAEL J MCGINNIS FSC PHD 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 209521076 false X WWW.LASALLE.EDU X 1863 PA LA SALLE UNIVERSITY IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. 38 36 3055 38 115025 -88214 10578347 11061352 146769309 158822485 2550410 -1888634 3358940 3321322 163257006 171316525 43944495 49301915 0 0 75875109 78270583 0 0 3425025 43584059 46717381 163403663 174289879 -146657 -2973354 233615473 237199189 169249723 168340818 64365750 68858371 SEE ATTACHMENT 1 false false 49301915 49301915 STUDENT FINANCIAL ASSISTANCE: THE UNIVERSITY PROVIDED AWARDS TO FULL-TIME AND QUALIFYING PART-TIME STUDENTS. 45138759 136378494 INSTRUCTION: THE UNIVERSITY PROVIDED EDUCATION TO 3,193 AND 2,996 FULL-TIME, UNDERGRADUATE DAY STUDENTS IN THE FALL 2009 AND SPRING 2010 SEMESTERS. SUMMER, PART-TIME, GRADUATE, EVENING AND DOCTORATE PROGRAMS PROVIDE 55,866 CREDIT HOURS. 21371711 22658829 AUXILIARY ENTERPRISES: THE UNIVERSITY PROVIDED BOOKSTORE, HOUSING AND DINING SERVICES AT ANNUAL COSTS OF ROOM - $5,520 AND BOARD - $4,490. THE UNIVERSITY PROVIDED ROOMS TO 1,994 AND 1,850 STUDENTS AND MEALS TO 2,075 AND 1,832 STUDENTS IN THE FALL 2009 AND SPRING 2010 SEMESTERS. 34755402 3106484 150567787 true true false false false false true false true true true false true false true false false false true false false false true true true false false false false false true false true false true false true false false false true false false false true 307 0 true 3055 true true true false false false false false false false false 38 36 false false false false false false false true true false false false true true true false false true true false PA X REBECCA HORVATH AVP FINANCE 2159511858 1900 WEST OLNEY AVE PHILADELPHIA PA 19141 MICHAEL J MCGINNIS FSC PHD 40.0 X X 0 0 27621 SUSAN M BARRETT 1.0 X 0 0 0 JAMES L BUTLER F S C 1.0 X 0 0 0 DIEGO CALDERIN 1.0 X 0 0 0 SUSAN ALTAMORE CARUSI 1.0 X 0 0 0 JOHN M DALY M D 1.0 X 0 0 0 EDWARD J FIERKO 1.0 X 0 0 0 DANIEL K FITZPATRICK 1.0 X 0 0 0 JOHN FRIES 1.0 X 0 0 0 JOSEPH A FRICK 1.0 X 0 0 0 JAMES GAFFNEY F S C 1.0 X 0 0 0 GAETANO P GIORDANO 1.0 X 0 0 0 ELMER F BUD HANSEN JR 1.0 X 0 0 0 ANTHONY HAYDEN 1.0 X 0 0 0 BRIAN HENDERSON F S C 1.0 X 0 0 0 RICARDO JOHNSON 1.0 X 0 0 0 WILLIAM E KELLY JR 1.0 X 0 0 0 RICHARD KESTLER F S C 1.0 X 0 0 0 DENISE D ANTONIO MALECKI 1.0 X 0 0 0 BERNADETTE MANGAN 1.0 X 0 0 0 DENNIS MALLOY F S C 1.0 X 0 0 0 WILLIAM J MARKMANN M D 1.0 X 0 0 0 SHARMAIN MATLOCK TURNER 1.0 X 0 0 0 WILLIAM W MATTHEWS III ESQ 1.0 X 0 0 0 RALPH J MAURO ESQ 1.0 X 0 0 0 WILLIAM J MCCORMICK JR 1.0 X 0 0 0 THOMAS F MCGOWAN 1.0 X 0 0 0 LAURA KIND MCKENNA 1.0 X 0 0 0 JAMES MORRIS 1.0 X 0 0 0 JAMES V O ROURKE 1.0 X 0 0 0 DAVID T POIESZ 1.0 X 0 0 0 CARMEN V ROMEO 1.0 X 0 0 0 WILLIAM R SAUTTER CPA 1.0 X 0 0 0 ROBERT SCHIELER F S C 1.0 X 0 0 0 JAMES J SMART CPA 1.0 X 0 0 0 JUDITH A SPIRES 1.0 X 0 0 0 KEVIN M STANTON F S C 1.0 X 0 0 0 GREGORY J WEBSTER 1.0 X 0 0 0 MATTHEW S MCMANNESS 40.0 X 230042 0 31786 EDWARD J SHEEHY 40.0 X 0 0 9254 R BRIAN ELDERTON 40.0 X 197797 0 20982 RICHARD A NIGRO 40.0 X 227674 0 27048 JOHN F DOLAN 40.0 X 193436 0 25240 JOHN GIANNINI 40.0 X 348383 0 32381 YUSUF J UGRAS 40.0 X 193185 0 17864 PAUL R BRAZINA 40.0 X 202149 0 10819 THOMAS BRENNAN 40.0 X 202524 0 19125 1795190 0 222120 98 false true false P AGNES INC 2101 PENROSE AVENUE PHILADELPHIA PA 19145 CONSTRUCTION 4138894 MONTGOMERY MCCRACKEN LLP LEGAL SERVICES 1002397 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 STRATEGIC MEDIA SVCS 700355 ALLIED BARTON SECURITY SECURITY SERVICES 580518 LAUER SBARBARO ASSOCIATES 2 WESTBROOK CORPORATE CTR STE 100 WESTCHESTER IL 60154 EXECUTIVE SEARCH 190478 13 464177 5796373 4800802 8350 11061352 TUITION & FEES 900099 134227523 134227523 RESIDENCE HALLS 900099 11987322 11987322 DINING SERVICES 900099 10129369 10129369 ACADEMIC RELATED REVENUES 900099 2150971 2150971 CAMPUS STORE 900099 327300 327300 158822485 1318468 -15983 1334451 0 0 1734814 1800224 -65410 -65410 -88710 23300 32866380 36073482 -3207102 -3207102 -3207102 90524 464177 90524 0 0 520569 240321 280248 280248 ADMIN AND OTHER REVENUES 541800 3106484 2998776 107708 3106484 171316525 139896108 115025 20244040 0 49301915 49301915 0 0 1346760 1142781 203979 0 60719323 51747347 7121587 1850389 1453874 1232594 181761 39519 10197315 8645284 1274854 277177 4553311 3860298 569248 123765 0 1002397 1002397 130650 130650 0 0 184812 184812 3710145 1968244 1706842 35059 4593831 2439297 1808864 345670 6536591 5165704 974944 395943 1069359 949458 105944 13957 0 868967 853293 15674 1910282 1647654 150613 112015 0 257303 223663 26933 6707 5118562 4615410 503152 0 6528373 6218169 310204 1381165 1373865 7300 FOOD-CAFETERIA 2964950 2964950 REPAIRS, MAINTENANCE, RENTAL 2321951 1659356 642618 19977 UTILITIES 5260475 4944847 315628 STUDY ABROAD 408551 408551 BAD DEBT EXPENSE 1693489 1693489 775528 347888 426772 868 174289879 150567787 20297067 3425025 32875 33639 4939813 8992103 3587046 2680841 3686879 3952246 595000 595000 7645543 7084758 114218 129880 391434 523406 229674804 92221315 138360216 137453489 55224020 56949034 11632048 11425012 7406381 7379781 233615473 237199189 11732694 10380432 4699149 5500018 135275000 132835000 0 0 17542880 19625368 169249723 168340818 X 35527451 38129190 11355422 12294239 17482877 18434942 64365750 68858371 233615473 237199189 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8350 3767339 X X false 55193971 1810684 6083763 1275745 2234113 59578560 74671248 1344902 -16161026 1276056 3385097 55193971 0.54000 0.46000 false false 17505255 17505255 186098057 75963071 110134986 9933659 4468681 5464978 16137833 11789563 4348270 137453489 0 POST RETIREMENT BENEFIT LIABIL 11630974 ADV FEDERAL GOVT STUDENT LOANS 5984029 ASSET RETIREMENT OBLIGATION 676222 OTHER LIABILITIES 1334143 19625368 171316525 174289879 -2973354 7465975 7465975 4492621 131336318 7465975 -49301915 -41835940 173172258 -1855733 -1855733 171316525 126843697 -49301915 -49301915 176145612 -1855733 -1855733 174289879 PART III LINE 4 ONE OF THE MUSEUM'S PRIMARY GOALS HAS BEEN TO DEVELOP A COMPREHENSIVE COLLECTION OF EUROPEAN AND AMERICAN ART FROM THE RENAISSANCE TO THE PRESENT, AND IT STRIVES TO DOCUMENT THIS HISTORY WITH EXAMPLES OF MOST OF THE MAJOR ART MOVEMENTS WITH A WIDE SELECTION OF SUBJECTS. OTHER HOLDINGS INCLUDE GROUPS OF RARE ILLUSTRATED BIBLES,JAPANESE PRINTS (19TH-20TH CENTURIES), INDIAN MINIATURES, AFRICAN CARVINGS AND IMPLEMENTS, PRE-COLOMBIAN POTTERY AND ANCIENT GREEK CERAMICS. THE UNIVERSITY IN 1976 BEGAN A DEGREE PROGRAM IN ART HISTORY AND SIMULTANEOUSLY BEGAN ACQUIRING ART. WHAT BEGAN AS A MODEST STUDY COLLECTION HAS BECOME THE LA SALLE ART MUSEUM, CONSIDERED ONE OF THE CITY'S GEMS. PART V LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 120 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, AND THE UNIVERSITY HAS NO TAX POSITIONS THAT ARE MORE LIKELY THAN NOT FOR THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. PART XII LINE 2D THIS REFLECTS STUDENT FINANCIAL ASSISTANCE THAT LASALLE AWARDED IN THE 2009-10 FISCAL YEAR. THE REVENUE NUMBER IN LINE 1 OF THIS SECTION IS NET OF THIS NUMBER. PART XII LINE 2D THIS REFLECTS STUDENT FINANCIAL ASSISTANCE THAT LA SALLE AWARDED IN THE FISCAL YEAR 2009-10. THE EXPENSE IN LINE 1 OF THIS SECTION IS NET OF THIS NUMBER. PART XII LINE 4B AND PART XIII LINE 4B RECLASSIFICATION OF THE FOLLOWING EXPENSES: RENTAL <$1,800,224> COST OF GOODS SOLD < 240,321> INVESTMENT EXPENSES 184,812 ----------- TOTAL <$1,855,733> true true true LA SALLE UNIVERSITY INCLUDES THIS POLICY IN ALL DOCUMENTS, INCLUDING RESEARCH MATERIALS AND ITS WEBSITE. true true true true false false false false false false false false true false LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: PERKINS STUDENT LOAN PROGRAM; COLLEGE WORK STUDY PROGRAMS; AND THE PELL GRANT PROGRAM. true Europe (Including Iceland and Greenland) 0 0 Program Services Instruction 172594 Europe (Including Iceland and Greenland) 0 0 Program Services ROOM & BOARD 235957 Central America and the Caribbean 0 0 Investments 0 0 408551 PART I LINE 1 THE OFFICE OF STUDENT FINANCIAL SERVICES ASSISTS STUDENTS AND THEIR FAMILIES IN FINANCING THEIR LA SALLE EDUCATION THROUGH SCHOLARSHIPS, GRANTS, LOANS AND/OR ONE OF THE UNIVERSITY'S WORK PROGRAMS. AS IT PERTAINS TO THOSE STUDENTS WHO CHOOSE TO STUDY ABROAD, THEIR GRANTS ARE NOT TAKEN OUTSIDE THE US BUT APPLIED TO THEIR TOTAL LA SALLE BILL. STUDENTS ARE PERMITTED TO USE A MAXIMUM OF $1,000 FROM ANY ONE LA SALLE UNIVERSITY GRANT OR SCHOLARSHIP FUND TO PAY FOR STUDY ABROAD TUITION IN IRELAND, AUSTRALIA AND ROME; AND A TOTAL OF $4,000 TOWARDS STUDY ABROAD TUITION IN MEXICO, PER SEMESTER OF STUDY ABROAD. THIS INCLUDES THE FOUNDER'S SCHOLARSHIP, MISSION GRANT, CHRISTIAN BROTHERS SCHOLARSHIP, FEDERAL SEOG GRANT AND ANY ENDOWED SCHOLARSHIP THAT IS AWARDED THROUGH STUDENT FINANCIAL SERVICES. THESE ARE THE ONLY LA SALLE FUNDS THAT MAY BE AWARDED FOR STUDY ABROAD TUITION. AT THE END OF THE STUDENT'S STUDY ABROAD EXPERIENCE, THE OFFICE OF STUDENT FINANCIAL SERVICES WILL MONITOR THE STUDENTS GRADES TO ENSURE THAT THEY DID ATTEND THE STUDY ABROAD INSTITUTION. BECAUSE GRANTS ARE NOT TAKEN OUTSIDE THE US BUT INSTEAD APPLIED TO THE STUDENT'S LA SALLE BILL, ALL GRANTS ARE SHOWN ON SCHEDULE I. PRESIDENT'S CUP 355258 292634 62624 12540 28195 CHARTER DINNER 199443 171543 27900 46124 3665 0 554701 464177 90524 58664 31860 90524 true GEN. PURPOSE MERIT SCHOLARSHIP & NEED-BASED 3000 38653169 SPECIAL PURPOSE - ATHLETIC AID 332 4570031 SPECIAL PURPOSE - GRADUATE AID 342 628497 ADP TUITION WAIVER 40 111020 BURNS ROTC SCHOLARSHIP (UNDERGRADUATE) 6 53980 BI-LINGUAL STUDIES GRANT 46 60000 CHRISTIAN BROTHERS' RELATIVES 9 127250 MERIT BASED SCHOLARSHIPS FOR FRESHMEN 60 1883762 COMMUNITY SERVICE SCHOLARSHIPS 20 198350 PRESIDENTIAL DISCRETIONARY GRANTS 2 8020 STUDENTS INTENDING TO BECOME CHRISTIAN BROS GRANTS 5 88765 PART IV AS OUTLINED IN PART III AND IN SCHEDULE I-1, LA SALLE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE STUDENT FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. X X true true X false false false false false false false false false MATTHEW S MCMANNESS 230042 0 0 0 0 0 12137 0 19649 0 261828 0 0 0 R BRIAN ELDERTON 197797 0 0 0 0 0 0 0 20982 0 218779 0 0 0 RICHARD A NIGRO 227674 0 0 0 0 0 8280 0 18768 0 254722 0 0 0 JOHN F DOLAN 193436 0 0 0 0 0 5665 0 19575 0 218676 0 0 0 JOHN GIANNINI 348383 0 0 0 0 0 13010 0 19371 0 380764 0 0 0 YUSUF J UGRAS 193185 0 0 0 0 0 6606 0 11258 0 211049 0 0 0 PAUL R BRAZINA 202149 0 0 0 0 0 7423 0 3396 0 212968 0 0 0 THOMAS BRENNAN 202524 0 0 0 0 0 7154 0 11971 0 221649 0 0 0 PA Higher Educational Facilities Authority 2007A 232243852 70917RNN1 2007-10-01 52875000 CONSTRUCTION/REFUND PRIOR ISSUE false false PA Higher Educational Facilities Authority 2007B 232243852 70917RNQ4 2007-10-01 47065000 CONSTRUCTION/REFUND PRIOR ISSUE false false PA Higher Educational Facilities Authority 2003 232243852 70917NZT4 2003-10-01 37665000 CONSTRUCTION false false 53918728 4034988 35931466 823013 13129261 2009 true true true 47065000 3611332 1445912 630711 41377045 2009 true true true 37665000 3602699 3336751 569339 29500000 2005 false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true false false false true true false false true false false false JOHN F DOLAN RELOCATION LOAN X 595000 595000 false true true 595000 WILLIAM R SAUTTER BOT MEMBER 252287 SEE SCHEDULE O false JOSEPH A FRICK BOT MEMBER 7311808 SEE SCHEDULE O false X 8350 DONOR-OBTAINED APPRA false false false FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICE ACCOMPLISHMENTS STUDENTS SERVICES: THE UNIVERSITY PROVIDED COUNSELING, INTER-COLLEGIATE ATHLETICS, HEALTH ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. EXPENSES: $34,755,402. FORM 990, PART VI, LINE 10 THE PROCESS OF REVIEWING LA SALLE UNIVERISTY'S 990 RETURN INTERNALLY IS CONSISTENT AND THOROUGH. THE FIRST STEP IN THE PROCESS INVOLVES ASSISTANT CONTROLLER IDENTIFYING THE KEY SUBJECT MATTER EXPERTS ACROSS THE UNIVERSITY. HE THEN PASSES ON TO THE APPROPRIATE PERSONS, SECTIONS OF THE 990 WHICH REQUIRE THEIR INPUT OR SUPPORT. THIS DATA IS THEN GATHERED AND ENTERED INTO THE 990. UPON COMPLETION OF THE 990, INCLUDING ALL SUPPORTING SCHEDULES, THE CONTROLLER REVIEWS THE REPORT AND SCHEDULES, AND THEN PASSES ONTO THE AVP FOR FINANCE FOR FINAL REVIEW PRIOR TO THE DOCUMENT BEING SENT TO THE INDEPENDENT AUDITORS. ONCE REVIEWED BY THE INDEPENDENT AUDITORS, AND ANY QUESTIONS ANSWERED, IT IS SENT BACK TO THE UNIVERSITY FOR THE VICE-PRESIDENT FOR FINANCE AND ADMINISTRATION'S APPROVAL AND SIGNATURE. FORM 990, PART VI, LINE 12C THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS SIGN A CONFLICT-OF-INTEREST STATEMENT. THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER THAT HE/SHE MUST ALWAYS ACT IN THE BEST INTERESTS OF THE UNIVERSITY AND REFRAIN FROM ACTIONS THAT WOULD BE TO THE SOLE BENEFIT OF THE MEMBER AT THE EXPENSE OF LA SALLE UNIVERSITY. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF LA SALLE. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE BOARD CHAIR INCLUDING ANY DISCLOSURES BY THE PRESIDENT. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE OFFICER OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, LINE 19 LA SALLE UNIVERSITY WILL MAKE AVAILABLE ITS AUDITED FINANCIAL STATEMENTS OR IRS FORM 990 UPON REQUEST. AT PRESENT, THE UNIVERSITY DOES NOT MAKE PUBLIC ITS GOVERNING DOCUMENTS NOR ITS FORMAL CONFLICT OF INTEREST POLICY. FORM 990, PART IV, LINE 28A AND SCHEDULE L, PART IV THERE ARE CURRENTLY 2 BOARD MEMBERS WHO HAVE ACKNOWLEDGED THROUGH SIGNING A POTENTIAL CONFLICT OF INTEREST DISCLOSURE, THAT THEY HAVE A DIRECT BUSINESS RELATIONSHIP WITH THE UNIVERSITY, OTHER THAN THEIR ROLE AS A TRUSTEE. THESE BOARD MEMBERS ARE: 1.)JOSEPH FRICK, PRESIDENT AND CEO OF INDEPENDENCE BLUE CROSS. IBC PROVIDES HEALTH INSURANCE TO LA SALLE EMPLOYEES THROUGH A CONTRACT WITH THE UNIVERSITY. 2.) WILLIAM SAUTTER, OWNER AND PRESIDENT OF ELLIOTT-LEWIS CORPORATION. ELLIOTT-LEWIS CORPORATION PERFORMS MECHANICAL MAINTENANCE, REPAIR AND INSTALLATION SERVICES FOR LA SALLE UNIVERSITY. ALL SUCH WORK IS AWARDED THROUGH A COMPETITIVE BIDDING PROCESS. FORM 990, PART VI, LINES 15A AND 15B 1. THERE IS A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHICH REVIEWS THE COMPENSATION OF ALL VICE-PRESIDENTS, THE PROVOST, PRESIDENT, EXECUTIVE ASSISTANTS, AND THE DIRECTOR OF INTER-COLLEGIATE ATHLETICS. THE FACULTY SALARY FOR BROTHER EDWARD SHEEHY, A VICE-PRESIDENT, IS NOT REVIEWED SINCE HIS SALARY FALLS UNDER THE FACULTY SALARY AND WAGE POLICY. PRIOR TO 2008-2009, THE COMMITTEE REVIEWED SALARIES AGAINST CUPA DATA AND THE RELATED PEER GROUP(S). BEGINNING IN 2009, THE BOARD ENGAGED AN OUTSIDE CONSULTANT, YAFFE & COMPANY, INC. TO ADVISE ON EXECUTIVE COMPENSATION GOING FORWARD. THIS FIRM HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH ALL IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND OUR TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. YAFFE WILL THEN PRESENT ITS FINDINGS AND RECOMMENDATIONS BACK TO THE LA SALLE SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AT THIS POINT, THERE WOULD BE DELIBERATION ON ANY RECOMMENDATIONS AND THE BOARD WILL ALSO TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE MINUTES SHALL REFLECT THE CONSIDERATION OF THE BOARD AS TO THE ISSUE OF EXECUTIVE COMPENSATION AND WHAT THE FINAL DECISION MIGHT BE. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION LA SALLE UNIVERSITY, DEDICATED IN THE TRADITIONS OF THE CHRISTIAN BROTHERS TO EXCELLENCE IN TEACHING AND TO CONCERN FOR BOTH ULTIMATE VALUES AND FOR THE INDIVIDUAL VALUES OF ITS STUDENTS, IS A PRIVATE ROMAN CATHOLIC UNIVERSITY COMMITTED TO PROVIDING A LIBERAL EDUCATION OF BOTH GENERAL AND SPECIALIZED STUDIES. LA SALLE STRIVES TO OFFER, THROUGH EFFECTIVE TEACHING, A QUALITY EDUCATION FOUNDED ON THE IDEA THAT ONE'S INTELLECTUAL AND SPIRITUAL DEVELOPMENT GO HAND IN HAND, COMPLIMENTING AND FULFILLING EACH OTHER. THE UNIVERSITY HAS, AS ITS BASIC PURPOSE, THE FREE SEARCH FOR TRUTH BY TEACHING ITS STUDENTS THE BASIC SKILLS, KNOWLEDGE, AND VALUES THAT THEY WILL NEED FOR A LIFE OF HUMAN DIGNITY. COIN CRI CLUB HOLDS LICENSE PA 501 (C) (3) 11C NA false false false false false false false false false false false false false false false false false false