2011-07-14T13:12:43-05:00 2010-08-31 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2009-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH 4123923992 2011-07-14 1 Susan M Kirsch 4122613644 2009 2016-02-24 21:20:13Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 95630581 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 33 30 1854 31 71013 -11625 5617249 4987616 76577256 82423379 472881 882464 -54415 527068 82612971 88820527 15256723 18082095 0 35039116 36634850 244041 237127 2063897 29139149 30291051 79679029 85245123 2933942 3575404 131775750 134318513 77372791 76341329 54402959 57977184 POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 0 0 53010407 18029595 74221585 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,407 UNDERGRADUATE AND 579 GRADUATE STUDENTS, AS WELL AS CHILDREN'S SCHOOL AND PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 7101169 7691052 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. 8281862 439729 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMIN, REGISTRAR, STUDENT ACTIVIES, STUDENT AFFAIRS OFFICE, AS WELL AS 9 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. 6528206 0 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE. 6528206 74921644 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 5400 0 1854 1 1 1 0 0 0 0 1 1 0 0 0 33 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS L ASTORINO 1.50 X 0 0 0 RICHARD W BOYD 1.50 X 0 0 0 E MICHAEL BOYLE 1.50 X 0 0 0 MARK BROADHURST 1.50 X 0 0 0 JAMIE CAMPOLONGO 1.50 X 0 0 0 PAUL COSTA 1.50 X 4182 0 0 GARY M DEJIDAS 1.50 X 0 0 0 WAYNE FONTANA 1.50 X 0 0 0 SHAWN FOX 1.50 X 0 0 0 KISHORE GOPAUL 1.50 X 0 0 0 ROSE GABBIANELLI 1.50 X 0 0 0 JOSEPH B HAVRILLA 1.50 X 0 0 0 MARILYN HORNER 1.50 X 0 0 0 ERIC K MANN 1.50 X 0 0 0 GARLAND H MCADOO JR 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD 1.50 X 0 0 0 J KEVIN MCMAHON 1.50 X 0 0 0 JAMES MEREDITH 1.50 X 0 0 0 JAMES MILLER 1.50 X 0 0 0 TODD C MOULES 1.50 X 0 0 0 JOSEPH MURIN 1.50 X 0 0 0 LUCAS PIATT 1.50 X 0 0 0 RICHARD E RAUH 1.50 X 12500 0 0 DR LOREN H ROTH MD 1.50 X 0 0 0 CAROL SAVAGE 1.50 X 0 0 0 JOSEPH A SCARPO 1.50 X 0 0 0 CHARLES J STOUT 1.50 X 0 0 0 MARY BETH TAYLOR 1.50 X 0 0 0 JOHN R TOMAYKO PHD 1.50 X 0 0 0 JAKE WHEATLEY 1.50 X 0 0 0 GEORGE R WHITE PHD 1.50 X 0 0 0 NANCY D WASHINGTON PHD 3.00 X X 0 0 0 DAVID S DUNCAN 3.00 X X 0 0 0 DONALD J JENKINS 3.00 X X 0 0 0 ANNE LEWIS 3.00 X X 0 0 0 PAUL HENNIGAN EDD 40.00 X 418957 0 35556 BRIDGET MANCOSH 40.00 X 202020 0 17342 MARIANN GEYER 40.00 X 186059 0 26448 CHARLES PERKINS PHD 40.00 X 185198 0 13954 KAREN MCINTYRE PHD 40.00 X 162304 0 7408 RONALD LINDBLOM 40.00 X 176673 0 26008 SOREN HOGSGAARD 40.00 X 143627 0 10718 WILLIAM CAMERON 40.00 X 137133 0 23222 FRED JOHNSON 40.00 X 133794 0 14079 TIMOTHY WILSON 40.00 X 121412 0 23428 MARK FARRELL PHD 40.00 X 114145 0 14491 1998004 0 212654 24 0 1 0 MASSARO CORPORATION 120 DELTA DRIVE PITTSBURGH PA 15238 CONSTRUCTION 8667522 ARAMARK SERVICES PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 1589645 ISS FACILITY SERVICES INC PENN PLACE PITTSBURGH PA 15219 HOUSEKEEPING 1486005 ALLIED BARTON SECURITY SERVICES 500 FIRST AVENUE PITTSBURGH PA 15219 SECURITY 1111340 SMITH BROTHERS AGENCY LP 116 FEDERAL STREET PITTSBURGH PA 15212 MARKETING 1019406 18 2303 316566 1469006 3199741 18310 4987616 TUITION & EDUC. FEES 611710 73554217 73554217 ROOM & BOARD FEES 721310 7539434 7468421 71013 PERFORMANCES 711300 651166 651166 BOOKSTORE, CAFE & MISC 451211 222630 222630 PROGRAM RENTAL 531390 179771 179771 276161 276161 82423379 639142 639142 3210 3210 176047 176047 1167775 694490 473285 473285 473285 6118962 5878850 240112 240112 240112 114450 316566 236714 -122264 -122264 88820527 82352366 71013 1409532 52500 52500 17989075 17989075 40520 40520 1526048 601255 695197 229596 27425994 24511294 2289028 625672 1334073 1059472 243460 31141 4295764 3391644 838614 65506 2052971 1591833 403367 57771 305654 305654 249173 18475 230698 47172 47172 237127 237127 8022 8022 1468870 1232207 211373 25290 1601913 874599 654013 73301 3002163 2802441 116803 82919 207142 113396 80645 13101 47561 47561 9699748 8171204 1234084 294460 946938 814172 88982 43784 384571 322550 50640 11381 5057570 4281144 621080 155346 71183 41817 29366 FOOD SERVICES 2416658 2292245 82850 41563 NON CAPITAL EQUIP 1938973 1930061 7796 1116 DANCE & THEATER PRODUCT 1718288 1702758 12118 3412 BAD DEBT 762275 762275 PROFESSIONAL DUES 227544 163974 42340 21230 129633 113172 13452 3009 85245123 74921644 8259582 2063897 15708837 18457361 2668193 2442637 709445 847379 902322 838701 1019826 1103520 138964908 47613998 90343501 91350910 15452256 16545803 4554029 2189861 417341 542341 131775750 134318513 3209334 2839400 7271264 8308768 44328422 50130851 19614759 11851883 2949012 3210427 77372791 76341329 X 42482242 44203495 3940314 5755010 7980403 8018679 54402959 57977184 131775750 134318513 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 47172 47172 74860975 74908147 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 21139 19462 47172 87773 250000 250000 250000 250000 1000000 1500000 0 0 0 0 X 0 20598888 1064859 946350 305257 68591 22236249 20807467 1067869 -905198 302413 68837 20598888 0.62820 0.36060 0.01120 0 0 6998934 7926431 14925365 5423695 95546865 34362543 66608017 1522745 1091983 430762 15766874 12159472 3607402 5779364 5779364 91350910 CONDITIONAL ASSET RETIREMENT OBLIGATION 2280487 FAIR VALUE DERIVATIVE-INT RATE SWAP 929940 3210427 88820527 85245123 3575404 155946 -157125 -1179 3574225 71796119 155946 774079 930025 70866094 8022 17946411 17954433 88820527 68221894 931204 931204 67290690 8022 17946411 17954433 85245123 Part III, Line 4: THE PRIMARY PIECE OF POINT PARK COLLECTION IS "FREEDOM BOUND", A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRANT ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS A FEW PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. Part V, Line 4: Description of Intended Use of Endowment Funds: THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS, THE ENDOWMENT FUND AND THE BOARD DESIGNATED RESERVE FUND, THE ENDOWMENT FUND, MADE UP OF BOTH PERMANENT & TEMPORARILY RESTRICTED ASSETS, CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT NUMEROUS PURPOSES. IT CONSISTS OF 85% RESTRICTED FOR FINANCIAL AID AND 15% FOR OPERATIONS. THE PURPOSE OF THE BOARD DESIGNATED RESERVE FUNDS, AN UNRESTRICTED ASSET, IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. Part X: Description of Uncertain Tax Positions Under FIN 48: THE UNIVERSITY FOLLOWS STANDARDS ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE NEW STANDARD REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FILES U.S. FEDERAL, STATE, AND LOCAL INFORMATIONAL RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATION ON THE UNIVERSITY'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEAR ENDED AUGUST 31, 2007 THOUGH THE PRESENT; OTHER RETURNS MAY BE OPEN FOR AN ADDITIONAL YEAR DEPENDING ON JURISDICTION. THE UNIVERSITY CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE NEW STANDARD AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. Part XI, Line 8 - Other Adjustments: LOSS ON DERIVATIVES: $(157,125) Part XII, Line 2d - Other Adjustments: RENTAL EXPENSE: $694,490 SPECIAL EVENT EXPENSE: $ 236,714 LOSS ON DERIVATIVES: $(157,125) TOTAL PART XII LINE 2D: $ 774,079 Part XII, Line 4b - Other Adjustments: FINANCIAL AID: $17,932,911 DONATED PIANO: $13,500 TOTAL PART XII LINE 4B: $17,946,411 Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSE: $694,490 SPECIAL EVENT EXPENSE: $236,714 TOTAL PART XIII LINE 2D: $931,204 Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: $17,932,911 DONATED PIANO: $13,500 TOTAL PART XIII LINE 4B: $17,946,411 1 1 1 THE UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 LOCAL: COMMUNITY INFRASTRUCTURE & TOURISM FUND $28,867COMMONWEALTH OF PA:HIGHER EDUCATION ASSISTANCE GRANT $886,704PITTSBURGH BOARD OF EDUCATION PRE-K COUNTS $69,000PA DEPARTMENT OF EDUCATION $24,000LIQUOR CONTROL BOARD GRANT $4,617DCED GRANT $8,688PA DEPARTMENT OF WELFARE $107,650PA OCDEL-KEYSTONE STAR'S $18,900FEDERAL:NATIONAL SECURITY TRAINING GRANT $89,666DEPARTMENT OF WELFARE $167,526U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL $61,815OTHER MISCELLANEOUS: $1,573TOTAL GOVERNMENT GRANTS $1,469,006 1 1 Europe (Including Iceland & Greenland) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 178915 Europe (Including Iceland & Greenland) 0 0 PROGRAM SERVICES MEDIA STUDIES TOUR TO IRELAND 70190 East Asia and the Pacific 0 0 PROGRAM SERVICES ADMIN OF ENGLISH AS SECOND LANGUAGE PROGRAM 1719 Europe (Including Iceland & Greenland) 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 7049 Middle East and North Africa 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 2500 South Asia 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 650 Central America and the Caribbean 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 880 North America 0 0 PROGRAM SERVICES PROFESSIONAL DEVELOPMENT 1897 0 0 263800 STUDENT FINANCIAL AID EUROPE 13 40520 POSTING TO STUDENT'S ACCOUNT Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: FINANCIAL AID AWARDS STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. ADDITIONALLY IN 2009 AN INTERNAL AUDIT WAS CONDUCTED EVALUATING CONTROLS DESIGNED WITHIN THE PROCESS TO AWARD AND ADMINISTER MERIT AND NEED - BASED AID. IT WAS FOUND THAT THERE WAS A REASONABLE AMOUNT OF CONTROLS IN PLACE. X X X X X X X 1 DEE JAY OSHRY CONSULTANT 0 1371206 45000 1326206 KETCHUM CONSULTANT 0 1371206 23750 1347456 WILSON-BENNETT TECHNOLOGY PHONATHON 0 83639 101952 -18313 MSLDIRECT DIRECT MAIL 0 50021 16421 33600 DIANA BALCOM GRANT WRITER 0 23360 23297 63 SPENCER MAIL INC CONSULTANT 0 15265 19388 -4123 PLANNED GIVING COMPANY DIRECT MAIL 0 0 7319 -7319 2914697 237127 2677570 PA NY STARMAKERS 301603 248667 52936 53364 67860 11847 17642 GOLF OUTING 103426 50727 52699 46762 14783 13532 2 25987 17172 8815 1450 5494 1291 2689 431016 316566 114450 101576 88137 13138 33863 236714 -122264 1 NEED 332 FIFTH AVENUE PITTSBURGH PA 15222 256070821 501(c)(3) 52500 FINANCIAL AID TO STUDENTS 1 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3570 17892391 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 130 68412 N/A N/A FAMILY PLAN AID FOR CHILDREN'S SCHOOL ONSITE DAYCARE 14 27989 N/A N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FINANCIAL AID AWARDS STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. ADDITIONALLY IN 2009 AN INTERNAL AUDIT WAS CONDUCTED EVALUATING CONTROLS DESIGNED WITHIN THE PROCESS TO AWARD AND ADMINISTER MERIT AND NEED-BASED AID. IT WAS FOUND THAT THERE WAS A REASONABLE AMOUNT OF CONTROLS IN PLACE. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 PAUL HENNIGAN EDD 269389 0 100000 0 49568 0 18906 0 16650 0 454513 0 0 0 BRIDGET MANCOSH 169910 0 30000 0 2110 0 12850 0 4492 0 219362 0 0 0 MARIANN GEYER 160869 0 25000 0 190 0 12350 0 14098 0 212507 0 0 0 CHARLES PERKINS PHD 166920 0 16000 0 2278 0 12600 0 1354 0 199152 0 0 0 KAREN MCINTYRE PHD 147448 0 12000 0 2856 0 4408 0 3000 0 169712 0 0 0 RONALD LINDBLOM 163875 0 12000 0 798 0 12168 0 13840 0 202681 0 0 0 SOREN HOGSGAARD 131490 0 0 0 12137 0 9828 0 890 0 154345 0 0 0 WILLIAM CAMERON 122435 0 14000 0 698 0 9450 0 13772 0 160355 0 0 0 Part I, Line 1a DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE ONLY PERSONAL SERVICES FOR PAUL HENNIGAN PROVIDED BY THE UNIVERSITY IS BABYSITTING SERVICES FOR HIS CHILDREN IN ORDER TO HELP ACCOMMODATE FOR PAUL'S UNPREDICTABLE WORK SCHEDULE AND FREQUENT OVERNIGHT TRAVEL. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSES EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR COMPANIONS IS INFREQUENT. Part I, Line 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) 'BONUS & INCENTIVES COMPENSATION'. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2008-04-29 25455000 SEE SCH. O 0 0 ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 01728RGB9 2008-04-29 6870000 SEE SCH. O 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE SCH. O 0 0 MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE SCH. O 0 0 AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE SCH. O 0 0 25455000 381756 258987 24814257 2010 1 0 0 1 6870000 133432 69047 6667521 2009 1 0 0 1 5000000 7250 4992750 2008 0 0 1 1 3830000 58500 3771500 2008 0 0 1 1 7000000 74518 6925482 2006 0 0 1 1 0 1 0 0 1 0.02790 0.00130 0.02920 1 0 1 0 0 1 0.02790 0.00130 0.02920 1 0 1 0 0 1 0.04740 0.00080 0.04820 1 0 1 0 0 1 0.04740 0.00080 0.04820 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BOARD MEMBERS FAMILY MEMBERS OF VARIOUS BOARD MEMBERS FINANCIAL AID Amount $ 14711. EMS FORMER OFFICER - MICHAELITA QUINN - PRESIDENT OF EMS 215792 SEE SCH O: EXECUTIVE MANAGEMENT SERVICES (EMS) PROVIDES ENROLLMENT MANAGEMENT SERVICES TO THE UNIVERSITY 0 GAI CONSULTANTS BOARD MEMBER AND CEO & PRESIDENT OF GAI CONSULTANTS-GARY M. DEJIDAS 320909 SEE SCH O: DESIGN WORK FOR STREETSCAPE PROJECT 0 Form 990, Part VI, Section B, line 11 THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THEN THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. Form 990, Part VI, Section B, line 12c CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. Form 990, Part VI, Section B, line 15 THE BOARD IS RESPONSIBLE FOR HIRING THE CEO, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 4. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE CHAIR OF THE BOARD WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE. FROM TIME TO TIME, THE UNIVERSITY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND AAUP [AMERICAN ASSOC. OF UNIVERSITY PROFESSORS] FOR FACULTY. Form 990, Part VI, Section C, line 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, QUESTION 2c OVERSIGHT OF FINANCIAL STATEMENT AUDIT THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. Schedule K Supplental Information PART I, LINE A, COLUMN C: SERIES A 10,000,000 CUSIP: 01728RET2 SERIES B 15,455,000 CUSIP: 01728REU9 TOTAL: 25,455,000 PART I, LINE A, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART II, LINE 5, COLUMN A: PROCEEDS USED FOR BOND ISSUANCE COSTS WERE $209,512. PROCEEDS USED FOR CREDIT ENHANCEMENT WERE $49,475. PART I, LINE B, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. PART I, LINE B, COLUMN E: ORIGINAL TAXABLE ISSUE PRICE WAS $6,870,000. A TAX EXEMPT CONVERSION ON JUNE 1, 2010 WAS ISSUED AT OUTSTANDING PRINCIPAL OF $6,770,000. PART I, LINE C, COLUMN F: RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE D, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WILL BE FULLY CONVERTED TO TAX EXEMPT IN THE FUTURE. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 CURRENT TAX EXEMPT AMOUNT: $5,860,785 PART I, LINE D, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS FORM 990 PART I, LINE 5 THE NUMBER OF EMPLOYEES IS COMPRISED OF THE FOLLOWING: FULL TIME STAFF 328 FULL TIME FACULTY 120 PART TIME FACULTY 337 PART TIME STAFF 139 PART TIME STUDENTS 930 PITTSBURGH COUNCIL ON HIGHER EDUCATION 201 WOOD STREET BOX 647 PITTSBURGH PA 152221912 237303727 COLLABORATION OF HIGHER EDUCATION INSTITUTIONS PA 501(c)(3) 509(a)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0