2011-05-10T18:13:02-05:00 2010-06-30 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2009-07-01 250965438 CARLOW UNIVERSITY CARL 4125786000 3333 FIFTH AVENUE PITTSBURGH PA 15213 TYLER A KELSCH 4125786000 2011-05-10 1 Susan M Kirsch 4122613644 2009 2016-02-24 21:20:13Z DR MARY HINES 3333 FIFTH AVENUE PITTSBURGH PA 15213 45976262 0 X WWW.CARLOW.EDU X 1929 PA POST SECONDARY EDUCATION. 29 28 1012 18 0 0 4668428 2669380 38433501 41383446 -1090726 570004 661557 7894 42672760 44630724 4829865 7833337 0 22755350 22692730 29972 30000 756598 13803652 14334329 41418839 44890396 1253921 -259672 48623923 48632946 10697889 10111100 37926034 38521846 CARLOW UNIVERSITY IS A CATHOLIC, WOMEN-CENTERED, LIBERAL ARTS INSTITUTION EMBODYING THE HERITAGE AND VALUES OF THE SISTERS OF MERCY, AND ENGAGING ITS DIVERSE COMMUNITY IN A PROCESS OF LIFE-LONG LEARNING, SCHOLARSHIP AND RESEARCH. THIS ENGAGEMENT EMPOWERS INDIVIDUALS TO THINK CLEARLY AND CREATIVELY; TO ACTIVELY PURSUE INTELLECTUAL ENDEAVORS; TO DISCOVER, CHALLENGE, OR AFFIRM CULTURAL AND AESTHETIC VALUES; TO RESPOND REVERENTLY TO GOD AND OTHERS; AND TO EMBRACE AN ETHIC OF SERVICE FOR A JUST AND MERCIFUL WORLD. 0 0 35738351 7889403 41383446 CARLOW UNIVERSITY, A CATHOLIC, WOMEN-CENTERED, LIBERAL ARTS INSTITUTION EMBODYING THE HERITAGE AND VALUES OF THE SISTERS OF MERCY, ENGAGES ITS DIVERSE COMMUNITY IN A PROCESS OF LIFE-LONG LEARNING, SCHOLARSHIP, AND RESEARCH. THIS ENGAGEMENT EMPOWERS INDIVIDUALS TO THINK CLEARLY AND CREATIVELY; TO ACTIVELY PURSUE INTELLECTUAL ENDEAVORS; TO DISCOVER, CHALLENGE, OR AFFIRM CULTURAL AND AESTHETIC VALUES; TO RESPOND REVERENTLY TO GOD AND OTHERS; AND TO EMBRACE AN ETHIC OF SERVICE FOR A JUST AND MERCIFUL WORLD. CARLOW OFFERS UNDERGRADUATE DEGREE PROGRAMS IN THE ARTS AND SCIENCES, EDUCATION, MANAGEMENT, AND HEALTH CARE PROFESSIONS AND GRADUATE PROGRAMS IN BUSINESS ADMINISTRATION AND MANAGEMENT, HEALTH CARE, LEADERSHIP, AND PROFESSIONAL COUNSELING. 35738351 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 55 0 1012 1 0 0 0 0 0 0 0 0 0 29 28 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DOROTHY ANTONUCCI 4125788770 3333 FIFTH AVENUE PITTSBURGH PA 15213 DEBORAH L ACKLIN 2.00 X 0 0 0 MICHELE R ATKINS 2.00 X 0 0 0 JOYCE A BENDER 2.00 X 0 0 0 KATHLEEN W BUECHEL 2.00 X 0 0 0 JACK L BURLEY SR 2.00 X 0 0 0 JOANNE COURNEEN RSM 2.00 X 0 0 0 BRUCE I CROCKER ENTER 7109 2.00 X 0 0 0 JOHN R DENNY JR 2.00 X 0 0 0 JACKIE DIXON ENTER 7109 2.00 X 0 0 0 PAULA J HASBACH ENTER 7109 2.00 X 0 0 0 PATRICIA MARY HESPELEIN RSM 2.00 X 0 0 0 KEVIN P KEARNS PHD 2.00 X 0 0 0 BARBARA A KIRR 2.00 X 0 0 0 MAUREEN LALLY-GREEN 2.00 X 0 0 0 DANIEL J LEBISH ENTER 7109 2.00 X 0 0 0 DIANE C MATJE RSM 2.00 X 0 0 0 INEZ MILES ENTER 7109 2.00 X 0 0 0 HELENE L NORBUT ENTER 7109 2.00 X 0 0 0 GEORGE L PRY 2.00 X 0 0 0 JANET SIMON PHD 2.00 X 0 0 0 PATRICIA WHALEN RSM 2.00 X 0 0 0 ROSEANNE R WHOLEY 2.00 X 0 0 0 JUDITH WORDEN RSM 2.00 X 0 0 0 LOUISE R MALAKOFF JD 2.00 X X 0 0 0 THERESA A SCOTTI 2.00 X X 0 0 0 JUDITH STOJHOVIC RSM 2.00 X X 0 0 0 KAREN DUNN KELLEY 2.00 X X 0 0 0 CECILIA MURPHY RSM 2.00 X X 0 0 0 MARY HINES PHD 50.00 X X 268039 0 24865 MARGARET MCLAUGHLIN ENTER 7109 40.00 X 81486 0 14817 TYLER KELSCH VP OF FINANCE 50.00 X 160785 0 26932 STEPHEN BORECKY 40.00 X 102831 0 28492 CRYSTEL GABRICH 40.00 X 108362 0 33518 CLARE HOPKINS 40.00 X 113757 0 20517 MARY ROTHENBERGER 40.00 X 113506 0 13225 ROBERTA SCHOMBURG 40.00 X 110277 0 32873 GARY SMITH 40.00 X 92874 0 9042 1151917 0 204281 7 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES PO BOX 62028 BALTIMORE MD 21264 FOOD SERVICE 1680208 SUNGUARD HIGHER EDUCATION MANAGED SERVIC 2300 MAITLAND CENTER PARKWAY SUITE MAITLAND FL 32751 INFORMATION TECHNOLOGY OUTSOURCING 1575312 DATATEL 4375 FAIR LAKES COURT FAIRFAX VA 22033 INFORMATION TECHNOLOGY SERVICES 547917 REED & WITTING 2900 SASSAFRAS WAY PITTSBURGH PA 15201 ADVERTISING 184270 US SECURITY ASSOCIATES PO BOX 931703 ATLANTA GA 31193 SECURITY SERVICES 107309 6 3700 1115546 1550134 36627 2669380 TUITION AND FEES 611600 34474747 34474747 RESIDENCE HALL & BOARD 721310 3220225 3220225 CARLOW CAMPUS SCHOOL 611600 2523331 2523331 OTHER PROGRAMS 900099 896979 896979 CHILDREN'S CENTER 624410 261315 261315 6849 6849 41383446 428836 428836 1480204 1339036 141168 141168 141168 14396 3700 6502 7894 7894 44630724 41383446 0 577898 7833337 7833337 578424 445386 133038 17801699 13333792 3982821 485086 812510 615263 183780 13467 2254751 1671165 499179 84407 1245346 945613 282456 17277 226021 174036 51985 96000 73920 22080 30000 30000 76931 76931 56066 56066 558621 430138 128483 1075395 786771 235009 53615 1575312 1212990 362322 3706347 2849344 851103 5900 265268 191238 57123 16907 9096 7004 2092 275579 212196 63383 1906486 1467994 438492 AUXILIARY 1405146 1081962 323184 MISCELLANEOUS EXPENSE 1045992 786854 235034 24104 PROFESSIONAL DEVELOPMEN 987540 754501 225369 7670 STUDENT PROGRAMS 606934 467099 139522 313 ENTERTAINMENT 239188 170429 50907 17852 222407 171253 51154 44890396 35738351 8395447 756598 2872658 2020494 1675060 2140130 1211051 796493 1588741 2114879 2039885 255759 632735 63045057 35189355 28405833 27855702 12032921 11574028 5250 35250 48623923 48632946 2744428 2954935 30000 30000 5683012 4804227 2240449 2321938 10697889 10111100 X 21233108 21921434 4289899 4654110 12403027 11946302 37926034 38521846 48623923 48632946 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13000739 -456725 1232915 292406 212859 13271664 12541003 2501034 -1887311 153987 13000739 0.06030 0.90010 0.03960 0 0 1138348 1138348 46918752 30608911 16309841 12536444 4580444 7956000 2451513 2451513 27855702 STUDENTS DEPOSITS FOR PLACE & ROOM HOLDING 210821 FEDERAL LOAN ADVANCES 2111117 2321938 44630724 44890396 -259672 855484 855484 595812 38676727 855487 -6739055 -5883568 44560295 76931 -6502 70429 44630724 38080915 6502 6502 38074413 76931 6739052 6815983 44890396 Part V, Line 4: Description of Intended Use of Endowment Funds: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 250 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. Part X: Description of Uncertain Tax Positions Under FIN 48: INCOME TAXES - THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XII, LINE 2D: STUDENT FINANCIAL AID: $(6,739,055) PART XII, LINE 4B: SPECIAL EVENT EXPENSES: $(6,502) PART XIII, LINE 2D: SPECIAL EVENT EXPENSES: $ 6,502 PART XIII, LINE 4B: STUDENT FINANCIAL AID: $ 6,739,055 1 1 1 ALL RECRUITING PUBLICATIONS AND COLLEGE CATALOGS CONTAIN EXPRESS STATEMENTS THAT THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, CREED, SEX, OR RELIGION. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY DISTRIBUTES STUDENT FINANCIAL ASSISTANCE FUNDS ON BEHALF OF FEDERAL AND STATE GOVERNMENTS. THIS ASSISTANCE INCLUDED FEDERAL AID FROM PELL GRANT AWARDS $2,709,297, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT AWARDS $213,475, COLLEGE WORK STUDY AWARDS $189,264 AND OTHER PROGRAMS $186,849. THE UNIVERSITY ALSO RECEIVED STATE AID FROM THE PA HIGHER EDUCATION ASSISTANCE AUTHORITY AWARDS $2,408,820. 1 1 Europe (Including Iceland & Greenland) 1 PROGRAM SERVICES CREATIVE WRITING PROGRAM 63773 Europe (Including Iceland & Greenland) 1 PROGRAM SERVICES FINE ARTS PROGRAMS 56066 2 0 119839 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: GRANT FUNDS ARE MONITORED BY THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICES. X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC PHONATHON 0 531365 30000 501365 531365 30000 501365 PA ROSE M. HAUBER LUNCHEON 18096 3700 14396 3880 335 2287 18096 3700 14396 3880 335 2287 6502 7894 1 STUDENT SCHOLARSHIPS 880 7833337 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: GRANT FUNDS ARE MONITORED BY THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICES. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MARY HINES PHD 230149 0 0 0 37890 0 0 0 24865 0 292904 0 0 0 TYLER KELSCH VP OF FINANCE & 160785 0 0 0 0 0 0 0 26932 0 187717 0 0 0 WILKINS AREA INDUSTRIAL DEVELOPMENT AUTHORITY 251410750 2005-12-01 6080000 REFUNDING AND CAPITAL IMPROVEMENTS 0 0 6080000 94043 485957 2005 0 0 0 0 0 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 0 0 0 0 X 7 36627 FAIR MARKET VALUE 0 0 0 1 Third Party Use: Part I, Line 32b: THE ORGANIZATION UTILIZED AN UNRELATED THIRD PARTY BROKERAGE FIRM TO SELL PUBLICLY TRADED SECURITIES. Form 990, Part VI, Section A, line 4 AT THE CARLOW UNIVERSITY MAY 2010 BOARD MEETING, THE BOARD VOTED TO EXTEND THE TERM OF OFFICE OF THE CURRENT OFFICERS FOR ONE YEAR. THE BY LAWS OF THE UNIVERSITY ALLOW FOR TWO TERMS FOR BOARD OFFICERS WHICH WERE SET TO EXPIRE JUNE 30, 2010. FOR CONTINUITY ON STRATEGIC CHANGES AND BECAUSE SO MANY OF THE BOARD MEMBERS ARE NEW, THE BOARD DECIDED TO EXTEND THE TERM OF THE EXISTING OFFICERS FOR ANOTHER YEAR (THROUGH JUNE 30, 2011). Form 990, Part VI, Section A, line 6 THE SOLE MEMBER OF THE UNIVERSITY IS THE CONFERENCE FOR MERCY HIGHER EDUCATION WHICH EXERCISES RESERVED CANONICAL POWERS DELEGATED BY THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS. Form 990, Part VI, Section A, line 7a AT LEAST ONE-THIRD OF THE TOTAL TRUSTEES (EX-OFFICIO AND ELECTED TRUSTEES) SHALL BE PROFESSED SISTERS OF THE INSTITUTE OF THE SISTERS OF MERCY OF THE AMERICAS OR ITS CANONICAL SUCCESSOR. THERE SHALL BE FOUR EX-OFFICIO TRUSTEES, WHO SHALL BE VOTING MEMBERS OF THE BOARD OF TRUSTEES AND INCLUDED IN THE TOTAL NUMBER OF TRUSTEES, AND SUCH EX-OFFICIO TRUSTEES SHALL CONSIST OF TWO SISTERS OF MERCY TO SERVE AS EX-OFFICIO TRUSTEES, THE PRESIDENT OF THE UNIVERSITY, AND THE BISHOP OF THE DIOCESE OF PITTSBURGH OR HIS DESIGNEE. Form 990, Part VI, Section A, line 7b THE MEMBER HAS THE RIGHT TO APPROVE THE FOLLOWING ACTIONS TO THE EXTENT SUCH ACTIONS ARE TAKEN BY THE BOARD OF TRUSTEE: APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION; APPROVE THE ADOPTION AND AMENDMENT TO THE PHILOSOPHY AND MISSION; APPROVE THE INCURRENCE BY THE UNIVERSITY OF ANY DEBT, AND ANY SALE, TRANSFER, LONG-TERM LEASE OR ENCUMBRANCE OF ANY REAL OR PERSONAL PROPERTY, TANGIBLE OR INTANGIBLE, OF THE UNIVERSITY OUTSIDE THE ORDINARY COURSE OF BUSINESS ONLY TO THE EXTENT SUCH APPROVAL IS REQUIRED UNDER CANON LAW; APPROVE ANY MERGER, CONSOLIDATION, DISSOLUTION, PARTNERSHIP, JOINT VENTURE, TRANSFER OF SUBSTANTIALLY ALL THE ASSETS, OR OTHER FUNDAMENTAL TRANSACTION WITHIN THE CONTEMPLATION OF THE PENNSYLVANIA NONPROFIT CORPORATION LAW, OF OR BY THE UNIVERSITY TO THE EXTENT REQUIRED BY CANON LAW AND ANY ACTION WHICH WOULD INVOLVE MERGER CONSOLIDATION, DISSOLUTION, PARTNERSHIP, JOINT VENTURE, TRANSFER OF SUBSTANTIALLY ALL THE ASSETS, OR OTHER FUNDAMENTAL TRANSACTION WITHIN THE CONTEMPLATION OF THE PENNSYLVANIA NONPROFIT CORPORATION LAW, OF OR BY ANY SUBORDINATION OR SUBSIDIARY ORGANIZATION OF THE UNIVERSITY TO THE EXTENT REQUIRED BY CANON LAW. Form 990, Part VI, Section B, line 11 FORM 990 IS REVIEWED BY THE MANAGEMENT AND SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. ONCE THE AUDIT COMMITTEE APPROVES THE SUBMITTED FORM 990, IT IS SUBMITTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. Form 990, Part VI, Section B, line 12c THE UNIVERSITY'S PRESIDENT IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE EFFECTIVENESS OF THE UNIVERSITY'S CONFLICT AND DISCLOSURE PROCEDURES AND SHALL PROVIDE REGULAR REPORTS TO THE UNIVERSITY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. AS PART OF SUCH RESPONSIBILITIES, THE UNIVERSITY'S TREASURER SHALL UNDERTAKE OR SUPERVISE THE UNDERTAKING OF THE FOLLOWING ACTIONS: 1.ANNUALLY PREPARE THE LIST OF COVERED PERSONS WHO SHALL BE SUBJECT TO THE REPORTING REQUIREMENTS OF THE FORM; 2.SUPERVISE THE DISTRIBUTION, COLLECTION AND REVIEW OF FORMS; 3.PREPARE LISTS TO TRACK AND ORGANIZE THE INFORMATION GATHERED ON THE FORMS SUBMITTED AND TAKE OTHER NECESSARY MEASURES TO FACILITATE THE TIMELY IDENTIFICATION OF CONFLICTS AND ACCURATE REPORTING ON THE UNIVERSITY'S ANNUAL INFORMATION RETURNS; 4.IDENTIFY, ADDRESS AND REPORT TO THE EXECUTIVE COMMITTEE INSTANCES OF NONCOMPLIANCE WITH ANY OF THE UNIVERSITY'S CONFLICT AND DISCLOSURE PROCEDURES; 5.WORK WITH THE PRESIDENT TO MAKE A FINAL DETERMINATION OF WHETHER A CONFLICT OF INTEREST MAY EXIST, OR PRESENT THE QUESTION TO THE EXECUTIVE COMMITTEE FOR A FINAL DETERMINATION; 6.MONITOR PROCEDURES TO ENSURE THAT ONCE A CONFLICT OF INTEREST IS IDENTIFIED, PROCEEDINGS COMPLY WITH THE PROCEDURES SET FORTH IN THE UNIVERSITY'S CONFLICT OF INTEREST POLICY; AND 7.ADDRESS ANY DEFICIENCIES OR MEASURES FOR IMPROVEMENT OF THE UNIVERSITY'S CONFLICT AND DISCLOSURE PROCEDURES WITH THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section B, line 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS CHARGED WITH THE OVERSIGHT OF THE EXECUTIVE COMPENSATION FOR THE CEO AND OFFICERS. THE EXECUTIVE COMMITTEE USES NATIONAL SURVEY DATA, INDEPENDENT EMPLOYMENT CONSULTANTS AND DATA TO ESTABLISH A WRITTEN CONTRACT FOR THE PRESIDENT. ONCE THE CONTRACT IS ESTABLISHED, THE AGREED UPON EVALUATION IS USED TO DETERMINE CHANGES TO COMPENSATION OVER THE TERM OF THE AGREEMENT WHICH INCLUDES ANNUAL SALARY SURVEY DATA AND PERFORMANCE EVALUATION BY THE BOARD OF TRUSTEES. OTHER OFFICERS SALARY ARE ESTABLISHED USING NATIONAL SURVEY DATA AND IS SET BY THE PRESIDENT WITH AGREEMENT AND OVERSIGHT BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section C, line 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC AT THE CORPORATE ADDRESS. 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. FORM 990, PART VII: EMERITUS TRUSTEES: THE FOLLOWING INDIVIDUALS SERVE AS EMERITUS TRUSTEES OF THE CARLOW UNIVERSITY WITH NO VOTING POWERS IN MEETINGS OF THE BOARD OF TRUSTEES: PRESIDENTS EMERITAE - JANE SCULLY, RSM. TRUSTEES EMERITAE/I - JUDITH M. DAVENPORT, DMD; THOMAS J. DONNELLY, ESQ; ANNA MARIE GOETZ, RSM; HELEN HANNA CASEY; ELSIE H. HILLMAN; JANE SCULLY, RSM; MARY ANN SESTILI, PHD; REGINA D. STOVER; DAVID R. WILLIAMS. SCHEDULE K, PART I, LINE A(F) DESCRIPTION OF PURPOSE THE PROCEEDS OF THE NOTE WERE USED TO FINANCE THE REFINANCING OF CERTAIN OUTSTANDING DEBT OF THE HIGHER EDUCATION FACILITIES AUTHORITY, SERIES 1997 B2 AND 1998 CI BONDS AND THE PAYMENTS OF CAPITAL EXPENDITURES IN FURTHERANCE OF ITS EXEMPT PURPOSE. PITTSBURGH COUNCIL ON HIGHER EDUCATION 201 WOOD STREET BOX 647 PITTSBURGH PA 152221912 237303727 PROVIDE A MEANS FOR SHARING RESOURCES, INSIGHTS, AND INFORMATION 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