2025-03-17T06:55:34-05:00 2024-06-30 430765316 RUBINBROWN LLP 1200 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 990 2023-07-01 440545813 ROCKHURST UNIVERSITY ROCK 8165014000 1100 ROCKHURST RD KANSAS CITY MO 64110 DANE FUHRMAN VP OF FINANCE 8165014000 2025-03-13 1 0 KIMBERLY A RYAN P00829977 8164721122 2023 2025-03-06 01:10:19Z SANDRA CASSADY 1100 ROCKHURST RD KANSAS CITY MO 64110 168597210 0 X WWW.ROCKHURST.EDU X 1910 MO ROCKHURST IS A COMPREHENSIVE UNIVERSITY IN THE CATHOLIC, JESUIT, LIBERAL ARTS TRADITION. 24 23 1064 200 0 0 6496274 6606861 89394232 94476354 1995244 9188124 4584082 5328342 102469832 115599681 42798668 42804975 0 0 36392558 34500782 0 0 1779229 32882758 34710393 112073984 112016150 -9604152 3583531 166327051 164946546 47910763 46315085 118416288 118631461 ROCKHURST IS A COMPREHENSIVE UNIVERSITY AND A SUPPORTIVE COMMUNITY THAT FORMS LIFELONG LEARNERS IN THE CATHOLIC, JESUIT, LIBERAL ARTS TRADITION WHO ENGAGE WITH THE COMPLEXITIES OF OUR WORLD AND SERVE OTHERS AS COMPASSIONATE, THOUGHTFUL LEADERS. 0 0 45213927 42804975 40335572 ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING A QUALITY, PRIVATE EDUCATION AT A REASONABLE COST. DURING THE FISCAL YEAR ENDED JUNE 30, 2024 THE UNIVERSITY OFFERED INSTITUTIONAL FINANCIAL AID TO OVER 80% OF ITS GRADUATE AND UNDERGRADUATE STUDENTS. 42804975 42804975 INSTRUCTIONAL EXPENSES REPRESENT THE COST OF DELIVERING THE ROCKHURST EDUCATIONAL EXPERIENCE TO APPROXIMATELY 3,500 UNDERGRADUATE AND GRADUATE STUDENTS. THIS INCLUDES THE SALARIES AND BENEFITS FOR FULL-TIME AND PART-TIME FACULTY MEMBERS, INSTRUCTIONAL MATERIALS, BOOKS AND SUPPLIES, TRAVEL AND PROFESSIONAL DEVELOPMENT, AND DEPRECIATION, MAINTENANCE AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 11335807 11335807 AUXILIARY EXPENSES INCLUDE COSTS ASSOCIATED WITH PROVIDING STUDENT HOUSING AND FOOD SERVICE, EXPENSES RELATING TO THE UNIVERSITY'S PARTICIPATION IN THE NCAA ATHLETIC PROGRAMS, AND DEPRECIATION, MAINTENANCE, AND INTEREST COSTS ASSOCIATED WITH VARIOUS CAMPUS FACILITIES. 99354709 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 5305 0 1064 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MO X DANE FUHRMAN 8165014000 1100 ROCKHURST RD KANSAS CITY MO 64110 SANDRA CASSADY PHD TRUSTEE/PRESIDENT 40.00 X X 331565 0 6623 NANCY CREASY TRUSTEE/CHAIR 1.00 X X 0 0 0 GARY BELSKE TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 KUSH PATEL MD TRUSTEE/SECRETARY 1.00 X X 0 0 0 CAROLINE ADAMS TRUSTEE 1.00 X 0 0 0 KENT BEAUSOLEIL SJ TRUSTEE 1.00 X 0 0 0 ROBERT BONNEY TRUSTEE 1.00 X 0 0 0 MARK BOSCO SJ TRUSTEE 1.00 X 0 0 0 KEVIN BURKE SJ TRUSTEE 1.00 X 0 0 0 DAMON DANIEL TRUSTEE 1.00 X 0 0 0 PEGGY DUNN TRUSTEE 1.00 X 0 0 0 KERM FENDLER TRUSTEE 1.00 X 0 0 0 JIM GLYNN TRUSTEE 1.00 X 0 0 0 SYLVESTER JAMES TRUSTEE 1.00 X 0 0 0 SUSAN KRUG TRUSTEE 1.00 X 0 0 0 REED MURPHY III TRUSTEE 1.00 X 0 0 0 HUNG PHAM SJ TRUSTEE 1.00 X 0 0 0 ZACH POHLMAN TRUSTEE 1.00 X 0 0 0 JUAN RANGEL TRUSTEE 1.00 X 0 0 0 TOM SACK PHD TRUSTEE 1.00 X 0 0 0 MARNY SHERMAN TRUSTEE 1.00 X 0 0 0 MATTHEW STEWART SJ TRUSTEE 1.00 X 0 0 0 LISA VANSAGHI TRUSTEE 1.00 X 0 0 0 DERRICK WEINGARTNER SJ TRUSTEE 1.00 X 0 0 0 BRIDGETTE WILLIAMS TRUSTEE 1.00 X 0 0 0 ROBBI STIVERS VP OF FINANCE/CFO (THRU 8/1/2023) 40.00 X 187465 0 7161 DANE FUHRMAN VP OF FINANCE/CFO (EFF 5/2024) 40.00 X 0 0 0 MYLES GARTLAND DEAN-COLLEGE OF BUSINESS 40.00 X 178818 0 10547 ANTHONY TOCCO PROFESSOR/HEAD SOCCER COACH 40.00 X 179281 0 989 MATTHEW QUICK VP STUDENT DEV/DEAN OF STUDENTS 40.00 X 150974 0 3186 KRIS VACEK DEAN-COLLEGE OF NURSING 40.00 X 140332 0 12072 BART KLEIN ASSOCIATE VP OF IT 40.00 X 132199 0 12790 1300634 0 53368 47 0 1 0 CHARTWELLS DINING SERVICES PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 1474500 SOUTHEAST SERVICE CORPORATION 1225 E WEISGARBER RD SUITE 200 KNOXVILLE TN 37909 CUSTODIAL SERVICES 1241811 LIPPERT MECHANICAL SERVICE CORP PO BOX 8277 CAROL STREAM IL 601978277 MECHANICAL SERVICES 408829 RICOH USA INC PO BOX 660342 DALLAS TX 752660342 COPY/PRINT SERVICES 380988 FIRE ENGINE RED PO BOX 1017 HAVERTOWN PA 190830017 MARKETING SERVICES 340630 21 38580 1419243 5149038 40898 6606861 TUITION AND FEES 611600 89103560 89103560 HOUSING INCOME 611710 5372794 5372794 94476354 2251465 2251465 119612 27203 92409 92409 92409 58387221 1498934 52897069 52427 5490152 1446507 6936659 1446507 5490152 19855 38580 20830 -975 -975 CAFETERIA INCOME 611310 2795375 2795375 BOOKSTORE INCOME 611310 84310 84310 ATHLETIC INCOME 611310 51833 51833 2305390 2305390 5236908 115599681 101159769 0 7833051 40570193 40570193 2234782 2234782 795866 659958 135908 27179477 24196205 2062050 921222 4420767 3801859 442077 176831 2104672 1810018 210467 84187 286795 286795 102867 102867 82627 82627 2597208 1947906 649302 341769 294834 39795 7140 831005 716883 96761 17361 1139221 982771 132649 23801 3431200 2956256 402691 72253 1219812 1052295 142033 25484 1077398 929438 125451 22509 1591817 397954 1193863 4267485 3681428 496900 89157 1707233 426808 1280425 CONTRACTUAL SERVICES 6581982 5678075 766396 137511 STUDENT AID 4097242 4097242 REPAIRS AND MAINTENANCE 1242143 1071559 144633 25951 TUITION REMISSION 1225928 1225928 2886661 2508203 338544 39914 112016150 99354709 10882212 1779229 6782261 6018471 1587436 1647710 2737685 2688980 2826442 3339219 2568415 2324342 193071281 87434842 107250201 105636439 35004978 39720561 717453 403765 2342204 1959889 4509976 1207170 166327051 164946546 4137324 6068682 7149575 8017486 25523977 23401495 6841837 5440816 4258050 3386606 47910763 46315085 X 71742170 72874230 46674118 45757231 118416288 118631461 166327051 164946546 X 3583531 -3523588 155230 X X 0 1 X 1 1 1 X 14466622 14126856 30222868 6496274 6606861 71919481 14466622 14126856 30222868 6496274 6606861 71919481 5999255 65920226 997067 939822 1965364 1573641 2371077 7846971 79766452 461377464 0.82640 0.80080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1207170 X X 36005862 555067 3146643 3212156 36495416 45733174 1553316 3982625 15263253 36005862 47062093 5395066 -5138985 1585000 45733174 38149258 1680601 8858234 1626000 47062093 38451435 4663290 -967467 3998000 38149258 0.09180 0.90820 0 0 5509663 5509663 141678937 56138339 85540598 42933308 31296503 11636805 2949373 2949373 105636439 INTEREST RATE SWAPS 397486 ASSET RETIREMENT OBLIGATION 595542 DEPOSITS HELD FOR OTHERS 517637 GOVERNMENTAL LOAN OBLIGATIONS 815345 LEASE LIABILITIES 1060596 3386606 69474381 -3523588 203263 -3320325 72794706 42804975 42804975 115599681 69259208 48033 48033 69211175 42804975 42804975 112016150 PART III, LINE 4: THE ROCKHURST UNIVERSITY ART COLLECTION INCLUDES VARIOUS PIECES OF ART SUCH AS DRAWINGS, PAINTINGS, SCULPTURES, AND POTTERY THAT ARE CATALOGUED AND HELD ON DISPLAY THROUGHOUT THE CAMPUS. THE COLLECTION INCLUDES MANY HISTORICAL JESUIT BASED PIECES, WHICH SUPPORT THE JESUIT BACKGROUND AND CULTURE OF THE UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 27,203. UNREALIZED GAIN ON INTEREST RATE SWAPS 155,230. FUNDRAISING EVENT EXPENSES 20,830. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 42,804,975. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 27,203. FUNDRAISING EVENT EXPENSES 20,830. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUES ON FINANCIAL STATEMENTS 42,804,975. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES THE FOLLOWING NONDISCRIMINATION STATEMENT ON THE UNIVERSITY WEBSITE, IN THE UNIVERSITY CATALOG, AND IN OTHER BROCHURES AND SOLICITATIONS - "ROCKHURST UNIVERSITY IS COMMITTED TO PROVIDING EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF RACE, COLOR, CREED, RELIGION, SEX, PREGNANCY STATUS, SEXUAL ORIENTATION, MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY, AGE, GENDER, DISABILITY, CITIZENSHIP OR INTENDING CITIZENSHIP STATUS, GENDER IDENTITY, VETERAN STATUS OR ANY OTHER STATUS PROTECTED BY LAW ("PROTECTED STATUS"). THIS IS REFLECTED IN ALL POLICIES, PROGRAMS AND PROCEDURES OF THE UNIVERSITY." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT, FEDERAL WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL PERKINS LOAN, AND FEDERAL DIRECT LOAN PROGRAMS. GOLF TOURNAMENT 58435 38580 19855 11700 3368 5762 58435 38580 19855 11700 3368 5762 20830 -975 1 SCHOLARSHIPS 2237 40570193 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 1 0 0 0 0 0 0 0 0 SANDRA CASSADY PHD TRUSTEE/PRESIDENT 331565 0 0 0 0 0 0 0 6623 0 338188 0 0 0 ROBBI STIVERS VP OF FINANCE/CFO (THRU 8/1/2023) 120798 0 0 0 66667 0 0 0 7161 0 194626 0 0 0 MYLES GARTLAND DEAN-COLLEGE OF BUSINESS 178818 0 0 0 0 0 0 0 10547 0 189365 0 0 0 ANTHONY TOCCO PROFESSOR/HEAD SOCCER COACH 179281 0 0 0 0 0 0 0 989 0 180270 0 0 0 MATTHEW QUICK VP STUDENT DEV/DEAN OF STUDENTS 150974 0 0 0 0 0 0 0 3186 0 154160 0 0 0 KRIS VACEK DEAN-COLLEGE OF NURSING 140332 0 0 0 0 0 0 0 12072 0 152404 0 0 0 PART I, LINE 4A ROBBI STIVERS - $66,667 A HEALTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 2015-12-09 5460000 EDUCATIONAL FACILITIES REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2015A 0 0 0 B HEALTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 2015-12-09 13970000 EDUCATIONAL FACILITIES REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2015B 0 0 0 C HEALTH & ED FACILITIES AUTHORITY OF THE STATE OF MO 431178966 2017-12-28 19465000 EDUCATIONAL FACILITIES REVENUE BONDS ROCKHURST UNIVERSITY SERIES 2017A 0 0 0 A 4290000 5460000 64247 1 0 1 1 B 5170000 13970000 164382 1 0 1 1 C 4911000 19465000 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 1 WELLS FARGO 21.000000000000 0 0 0 0 0 C 0 0 0 0 1 0 0 0 0 A 1 B 1 C 1 SEE SCHEDULE L PART V 0 SCHEDULE L, PART IV A) JE DUNN CONSTRUCTION COMPANY (PEGGY DUNN)B) PEGGY DUNN, TRUSTEE, IS THE WIFE OF A SHAREHOLDER OF JE DUNN.C) $118,686D) JE DUNN IS LEADING THE CONSTRUCTION OF THE ALVIN BROOKS CENTER FOR FAITH JUSTICE CONSTRUCTION ON CAMPUS.E) NO X 8 40898 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE AMOUNTS LISTED IN COLUMN B ARE A COMBINATION OF NUMBER OF CONTRIBUTIONS AND NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE ORGANIZATION USES A REAL ESTATE AGENT TO SELL REAL ESTATE AND A THIRD-PARTY VENDOR TO PROCESS GIFTED STOCKS. FORM 990, PART VI, SECTION B, LINE 11B 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 OF THE 990 IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR 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 PRIOR TO FILING. 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. MEMBERS OF THE PRESIDENT'S CABINET MUST SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. 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. EACH JUNE 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. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE UNIVERSITY PRESIDENT. THE PRESIDENT'S COMPENSATION IS COMPARED TO AVAILABLE SALARY DATA FOR A BENCHMARK GROUP OF THIRTY PEER INSTITUTIONS. THE TERMS OF THE PRESIDENT'S COMPENSATION ARE DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT ON FILE IN THE UNIVERSITY HUMAN RESOURCES DEPARTMENT. THE UNIVERSITY CABINET AND PRESIDENT MAKE AN ANNUAL RECOMMENDATION TO THE BOARD OF TRUSTEES FOR ANY SALARY ADJUSTMENTS FOR FACULTY AND ADMINISTRATIVE STAFF WITHIN THE PARAMETERS OF THE ANNUAL OPERATING BUDGET. ADDITIONALLY, OFFICERS OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS COMPENSATION FOR THE KEY EMPLOYEES OF THE UNIVERSITY AND COMPARES COMPENSATION TO APPROPRIATE HISTORICAL AND BENCHMARK DATA. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, COMPENSATION PAID TO THE PRESIDENT'S RELIGIOUS ORDER, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS 155,230. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.