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Nonprofiteer
← LA ROCHE UNIVERSITY

Form 990 for tax year 2023

Filed by LA ROCHE UNIVERSITY.

Totals

Total revenue
$38,785,101
Total expenses
$43,660,597
Contributions and grants received
$592,681
Grants paid
$11,448,791
Program service revenue
$36,176,999
Investment income
$809,471
Other revenue
$1,205,950
Total assets, end of year
$40,276,865
Total liabilities, end of year
$24,171,382
Net assets or fund balances, end of year
$16,105,483
Program services expenses (Part IX)
$33,145,197
Management and general expenses
$9,895,765
Fundraising expenses
$619,635
Program service expenses (Part III)
$33,145,197

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $34,955

  • 1e · Government grants (contributions)

    $167,155

  • 1f · All other contributions, gifts and grants

    $390,571

  • 1g · Noncash contributions included above

    $30,503

  • 2a · Program service revenue: TUITION AND FEES

    total $31,393,935 · related or exempt $31,393,935

  • 2b · Program service revenue: RESIDENCE HALL REVENUE

    total $4,660,246 · related or exempt $4,660,246

  • 2c · Program service revenue: DINING SERVICE REVENUE

    total $115,059 · related or exempt $115,059

  • 2d · Program service revenue: OTHER AUXILIARY SERVICE

    total $6,075 · related or exempt $6,075

  • 2e · Program service revenue: BOOKSTORE REVENUE

    total $1,684 · related or exempt $1,684

  • 3 · Investment income

    total $687,019 · excluded $687,019

  • 6a · Gross rents

    real property $164,125

  • 6b · Less rental expenses

    real property $177,676

  • 6c · Rental income or loss

    real property -$13,551

  • 6d · Net rental income or loss

    total -$13,551 · excluded -$13,551

  • 7a · Gross sales of assets other than inventory

    securities $115,652 · other assets $6,800

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $115,652 · other assets $6,800

  • 7d · Net gain or loss

    total $122,452 · excluded $122,452

  • 8a · Fundraising events: gross income

    $37,970

  • 8a · Fundraising events: contributions included on line 1c

    $34,955

  • 8b · Fundraising events: direct expenses

    $26,132

  • 8c · Net income from fundraising events

    total $11,838 · excluded $11,838

  • 11a · Other revenue: CONFERENCES

    total $246,697 · excluded $246,697

  • 11b · Other revenue: CDP SERVICES

    total $229,355 · excluded $229,355

  • 11c · Other revenue: SPECIAL PROGRAM FEES

    total $154,308 · excluded $154,308

  • 11d · All other revenue

    total $577,303 · excluded $577,303

  • 11e · Other revenue, total

    $1,207,663

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,448,791 · program services $11,448,791

  • 5 · Compensation of officers, directors and key employees

    total $712,528 · management and general $712,528

  • 7 · Other salaries and wages

    total $12,062,632 · program services $9,677,998 · management and general $1,987,194 · fundraising $397,440

  • 8 · Pension plan contributions

    total $147,431 · program services $103,769 · management and general $36,869 · fundraising $6,793

  • 9 · Other employee benefits

    total $1,867,628 · program services $1,278,550 · management and general $565,689 · fundraising $23,389

  • 10 · Payroll taxes

    total $915,254 · program services $609,028 · management and general $275,666 · fundraising $30,560

  • 11a · Fees: management

    total $138,007 · management and general $138,007

  • 11c · Fees: accounting

    total $91,683 · management and general $91,683

  • 11f · Fees: investment management

    total $71,707 · management and general $71,707

  • 11g · Fees: other

    total $4,895,116 · program services $1,558,219 · management and general $3,304,014 · fundraising $32,883

  • 12 · Advertising and promotion

    total $538,941 · program services $12,335 · management and general $526,606

  • 13 · Office expenses

    total $330,209 · program services $231,786 · management and general $60,710 · fundraising $37,713

  • 14 · Information technology

    total $540,449 · program services $379,362 · management and general $137,241 · fundraising $23,846

  • 16 · Occupancy

    total $1,046,266 · program services $1,042,366 · management and general $1,975 · fundraising $1,925

  • 17 · Travel

    total $235,183 · program services $193,959 · management and general $38,620 · fundraising $2,604

  • 20 · Interest

    total $1,545,746 · program services $1,485,221 · management and general $60,525

  • 22 · Depreciation, depletion and amortization

    total $3,095,731 · program services $3,007,689 · management and general $88,042

  • 23 · Insurance

    total $244,805 · program services $36,846 · management and general $207,959

  • 24a · Other expenses: FOOD SERVICE

    total $752,141 · program services $527,957 · management and general $198,566 · fundraising $25,618

  • 24b · Other expenses: BAD DEBT

    total $725,847 · program services $0 · management and general $725,847 · fundraising $0

  • 24c · Other expenses: RECOGINITION AWARDS

    total $613,747 · program services $430,812 · management and general $182,399 · fundraising $536

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $375,864 · program services $232,633 · management and general $142,466 · fundraising $765

  • 24e · All other expenses

    total $1,264,891 · program services $887,876 · management and general $341,452 · fundraising $35,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,950 · end of year $1,950

  • 2 · Savings and temporary cash investments

    beginning of year $2,965,376 · end of year $1,675,867

  • 3 · Pledges and grants receivable

    beginning of year $72,656 · end of year $72,250

  • 4 · Accounts receivable

    beginning of year $1,648,905 · end of year $1,403,129

  • 7 · Other notes and loans receivable

    beginning of year $143,982 · end of year $108,451

  • 9 · Prepaid expenses and deferred charges

    beginning of year $280,009 · end of year $313,815

  • 10a · Land, buildings and equipment: cost or other basis

    $79,007,546

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,407,870

  • 10c · Land, buildings and equipment, net

    beginning of year $22,607,578 · end of year $20,599,676

  • 11 · Investments: publicly traded securities

    beginning of year $10,217,579 · end of year $13,489,461

  • 12 · Investments: other securities

    beginning of year $2,545,362 · end of year $260,239

  • 15 · Other assets

    beginning of year $4,139,901 · end of year $2,352,027

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,002,918 · end of year $1,383,865

  • 19 · Deferred revenue

    beginning of year $1,587,624 · end of year $1,590,533

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,975,465 · end of year $13,500,979

  • 23 · Secured mortgages and notes payable

    beginning of year $3,830,000 · end of year $6,936,034

  • 25 · Other liabilities

    beginning of year $1,027,803 · end of year $759,971

  • 27 · Net assets without donor restrictions

    beginning of year $15,099,563 · end of year $11,244,316

  • 28 · Net assets with donor restrictions

    beginning of year $5,099,925 · end of year $4,861,167

Mission and programs · 2023

Mission

LA ROCHE UNIVERSITY, A CATHOLIC INSTITUTION OF HIGHER LEARNING, FOUNDED AND SPONSORED BY THE CONGREGATION OF THE SISTERS OF DIVINE PROVIDENCE, FOSTERS GLOBAL CITIZENSHIP AND CREATES A COMMUNITY OF SCHOLARS FROM THE REGION, THE NATION AND AROUND THE WORLD.THE UNIVERSITY INTEGRATES LIBERAL ARTS AND PROFESSIONAL EDUCATION IN CREATIVE WAYS, EMPOWERING ALL MEMBERS OF OUR COMMUNITY TO BECOME LIFELONG LEARNERS, ACHIEVE SUCCESS IN THEIR CHOSEN CAREERS AND PROMOTE JUSTICE AND PEACE IN A CONSTANTLY CHANGING GLOBAL SOCIETY.

Activities or mission (Part I)

A CATHOLIC, LIBERAL ARTS BASED INSTITUTION OF HIGHER LEARNING.

  • LA ROCHE HONORS THE TRADITIONS AND VALUES OF THE CHARISM OF THE SISTERS OF DIVINE PROVIDENCE BY CONTINUALLY STRIVING TO BE THE "BEST FOR THE WORLD AND BRING LIGHT TO EVERY SITUATION WE ENCOUNTER. LA ROCHE SEEKS TO MAKE EDUCATION TRULY ACCESSIBLE TO STUDENTS FROM ALL OVER THE WORLD AND PREPARE ALL STUDENTS TO BE SOCIALLY RESPONSIBLE GLOBAL CITIZENS. THROUGH UNMATCHED CURRICULAR AND CO-CURRICULAR OPPORTUNITIES, LA ROCHE INTENDS TO BE THE STUDENT-CENTERED HIGHER EDUCATION INSTITUTION OF CHOICE IN THE PITTSBURGH REGION. STUDENTS WILL RECEIVE A STRONG LIBERAL ARTS EDUCATION GROUNDED IN THE CATHOLIC TRADITION, WHILE ALSO DEVELOPING CAREER READY SKILLSETS THROUGH A MYRIAD OF APPLIED-LEARNING OPPORTUNITIES. QUALITY EDUCATION:LA ROCHE UNIVERSITY OFFERS ITS STUDENTS A HIGH VALUE EDUCATION WHICH BALANCES THE REALITY OF CAREER PREPARATION WITH THE ESSENTIALS OF A CLASSICAL LIBERAL ARTS CURRICULUM. THE CURRICULUM IS CHARACTERIZED BY A STRONG GLOBAL PERSPECTIVE, INTERDISCIPLINARY COURSES, AND SIGNATURE UNDERGRADUATE AND GRADUATE PROFESSIONAL PROGRAMS. THE FACULTY IS DIVERSE AND POSSESSES BOTH ACADEMIC AND PROFESSIONAL CREDENTIALS. IN KEEPING WITH THE GLOBAL COMPASS OF ITS MISSION, THE UNIVERSITY RECRUITS STUDENTS FROM BOTH ITS TRADITIONAL HOME BASE IN WESTERN PENNSYLVANIA, NUMEROUS OTHER STATES, AND MANY FOREIGN COUNTRIES. THE UNIVERSITY STRIVES TO ENROLL ACADEMICALLY SUPERIOR STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, RACIAL, AND SOCIOECONOMIC BACKGROUNDS AND ENSURES THAT STUDENTS WITH LESSER PREPARATION ARE FURNISHED THE ASSISTANCE THEY NEED TO ENABLE THEM TO ACHIEVE ACADEMIC AND CAREER SUCCESS.LA ROCHE UNIVERSITY HAS AN ACADEMIC CULTURE THAT EMPHASIZES OUTCOMES BASED ASSESSMENT OF STUDENT ACHIEVEMENT. THE MORAL COMPONENT OF EDUCATION IS EMPHASIZED AND AN UNDERSTANDING OF THE CATHOLIC TRADITION AND OTHER RELIGIOUS TRADITIONS IS AVAILABLE TO THOSE STUDENTS WHO WISH TO EXPLORE THEIR FAITH IN AN ACADEMIC ENVIRONMENT.MISSION AND IDENTITY:LA ROCHE OFFERS HIGH-QUALITY EDUCATIONAL OPPORTUNITIES THAT REFLECT ITS CATHOLIC HERITAGE AND THE MISSION OF ITS FOUNDING AND SPONSORING CONGREGATION, THE CONGREGATION OF DIVINE PROVIDENCE, TO "CO-CREATE A WORLD OF COMPASSION, JUSTICE AND PEACE". THAT COMMITMENT TO PEACE AND JUSTICE PERMEATES ALL ASPECTS OF THE UNIVERSITY - SPIRITUAL, ACADEMIC, SOCIAL, INTERCULTURAL, AND COMMUNITY SERVICE. THAT COMMITMENT IS REFLECTED IN THE UNIVERSITY'S GLOBAL FOCUS, WHICH PROVIDES THE ENTIRE LA ROCHE COMMUNITY WITH THE OPPORTUNITY TO REACH ACROSS THE POLITICAL, CULTURAL, AND ECONOMIC DIVIDES AND WORK TOWARD BECOMING A TRUE GLOBAL COMMUNITY. STUDENT SUCCESS:THE SUCCESS OF OUR STUDENTS IS OF PARAMOUNT IMPORTANCE IN ALL THAT WE DO AT THE UNIVERSITY. WE ARE COMMITTED TO PROVIDING A LEARNING ENVIRONMENT WHICH IS CONDUCIVE TO ACADEMIC ACHIEVEMENT, ENHANCED BY AN OVERALL CAMPUS ENVIRONMENT THAT CONTRIBUTES TO THE MENTAL, PHYSICAL, SPIRITUAL AND EMOTIONAL DEVELOPMENT OF OUR STUDENTS. ALL THIS IS ACCOMPLISHED NOT ONLY THROUGH THE PROVISION OF APPROPRIATE RESOURCES, BUT ALSO THROUGH THE EXAMPLE AND CARING INTERACTION OF THE FACULTY, STAFF AND ADMINISTRATION, BOTH INSIDE AND OUTSIDE OF THE CLASSROOM.THE UNIVERSITY'S MISSION EMBODIES THE KEY ELEMENTS OF STUDENT SUCCESS. ONE IS THE ABILITY OF STUDENTS TO BECOME ACCOMPLISHED PRACTITIONERS IN THEIR CHOSEN FIELDS WHO ARE IMBUED WITH A LIFELONG THIRST FOR KNOWLEDGE. ANOTHER IS THE ABILITY FOR STUDENTS TO TRULY VIEW THEMSELVES AS CITIZENS OF A GLOBAL SOCIETY. FINALLY, STUDENT SUCCESS IS SEEN IN THE WOMEN AND MEN OF ALL AGES, FAITHS, NATIONALITIES AND BACKGROUNDS WHO, AFTER THEIR TIME AT THE UNIVERSITY, GO FORTH INTO THE WORLD SUFFUSED WITH A DESIRE TO PROMOTE PEACE AND JUSTICE WHEREVER THEY GO, AND WHO, IN SO DOING, CONTINUE TO DEMONSTRATE THAT LA ROCHE UNIVERSITY IS PREPARING STUDENTS WHO TRULY ARE THE BEST FOR THE WORLD.STEWARDSHIP OF RESOURCES:ADEQUATE RESOURCES ARE VITAL TO THE SUCCESS OF LA ROCHE UNIVERSITY. WE ARE COMMITTED TO UTILIZATION OF AVAILABLE RESOURCES IN A MANNER THAT ACHIEVES MAXIMUM EFFECTIVENESS FOR THE UNIVERSITY, ENSURING THE WISE AND EFFICIENT USE OF OUR RESOURCES WHILE RESPECTING THE LARGER ENVIRONMENT THROUGH SUSTAINABILITY.LA ROCHE'S INITIATIVES CLUSTER UNDER FOUR STRATEGIC THEMES DEFINED AS FOLLOWS:- ACADEMIC QUALITY AND DISTINCTION - LA ROCHE WILL BE A GROWING INSTITUTION OF DISTINCTION. WE WILL BE KNOWN FOR OUR ACADEMIC PROGRAMS, OUR FAR-REACHING INFLUENCES, THE QUALITY OF OUR FACULTY, AND THE ACADEMIC DEVELOPMENT OF OUR STUDENTS. THE GROWTH AND DEVELOPMENT OF THE FACULTY AND THE NEW PROGRAMS LA ROCHE DEVELOPS TO EDUCATE WELL-ROUNDED AND WORKFORCE-READY STUDENTS WILL WORK TO ENHANCE AND BROADEN OUR REPUTATION. - GLOBAL IDENTITY - BUILDING ON THE WORK ALREADY BEGUN, LA ROCHE UNIVERSITY WILL BE KNOWN FOR THE IMPACT IT HAS ON THE WORLD. STUDENTS AND FACULTY WILL HAVE AN UNMATCHED OPPORTUNITY FOR MULTICULTURAL EXPERIENCES BOTH ON CAMPUS AND ABROAD. OUR GRADUATES WILL ENTER THE WORLD WITH AN APPRECIATION OF JUSTICE, PEACE, AND GLOBAL CITIZENSHIP FOUNDATIONAL VALUES OF THE DIVINE PROVIDENCE CHARISM. - TRANSFORMATIVE EXPERIENCES - LA ROCHE UNIVERSITY WILL BE A COMMUNITY THAT TRANSFORMS STUDENTS AND PREPARES THEM FOR LIFE AFTER UNIVERSITY. STUDENTS OF ALL BACKGROUNDS WILL EXPERIENCE A WELCOMING ENVIRONMENT CONSISTENT WITH OUR FOUNDATIONAL VALUES. STUDENTS WILL BE ENCOURAGED, ENRICHED, AND ENGAGED IN AND OUT OF THE CLASSROOM. GRADUATION RATES AND RETENTION RATES WILL INCREASE AND STUDENTS WILL LEAVE LA ROCHE AS TRANSFORMED INDIVIDUALS AND AS COMMITTED ALUMNI.- STRATEGIC AND MANAGED GROWTH - LA ROCHE UNIVERSITY WILL BE A LARGER CAMPUS SERVING DIVERSE STUDENTS AND THE WORLD. UTILIZING TECHNOLOGY AND RECOGNIZING CHANGING DEMOGRAPHICS OF UNIVERSITY LEARNERS WILL BE CRITICAL TO ENSURING THE GROWTH OF THE UNIVERSITY. RESOURCES FOR THE UNIVERSITY WILL BE ENHANCED THROUGH ENROLLMENT GROWTH, FUNDRAISING, AND THE DEVELOPMENT OF FACILITIES.

    Expenses $33,145,197 · Grants $11,448,791 · Revenue $36,176,999

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Howard J Ishiyama PhD

    PROVOST/ACTING PRESIDENT

    Total calculated
    $215,566
    From this org
    $212,361
    From related orgs
    $0
    Other
    $3,205
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $163,261
    Bonus
    $0
    Other
    $49,100
    Deferred
    $3,205
    Nontaxable benefits
    $0
    Filer's total
    $215,566

  • James E Weisgerber PhD

    VP ENROLLMENT MANAGEMENT

    Total calculated
    $152,202
    From this org
    $115,338
    From related orgs
    $0
    Other
    $36,864
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $115,338
    Bonus
    $0
    Other
    $0
    Deferred
    $2,595
    Nontaxable benefits
    $34,269
    Filer's total
    $152,202

  • Michele Hufnagel

    VP ADVANCEMENT

    Total calculated
    $143,580
    From this org
    $142,429
    From related orgs
    $0
    Other
    $1,151
    Hours/week
    40

  • Rosemary D McCarthy

    ASSOCIATE PROFESSOR

    Total calculated
    $137,993
    From this org
    $125,338
    From related orgs
    $0
    Other
    $12,655
    Hours/week
    40

  • Colleen C Ruefle

    VP STUDENT LIFE/DEAN

    Total calculated
    $130,840
    From this org
    $128,274
    From related orgs
    $0
    Other
    $2,566
    Hours/week
    40 + 1 related

  • Sheila K Mueller

    PROFESSOR

    Total calculated
    $128,912
    From this org
    $117,129
    From related orgs
    $0
    Other
    $11,783
    Hours/week
    40

  • Jean C Forti

    PROFESSOR

    Total calculated
    $123,183
    From this org
    $110,555
    From related orgs
    $0
    Other
    $12,628
    Hours/week
    40

  • Glenn Natali

    CFO

    Total calculated
    $80,851
    From this org
    $65,426
    From related orgs
    $0
    Other
    $15,425
    Hours/week
    40

  • Karen Willoughby

    SECRETARY/EXEC ADMIN ASSISTANT

    Total calculated
    $39,833
    From this org
    $30,632
    From related orgs
    $0
    Other
    $9,201
    Hours/week
    40 + 1 related

  • Sr Candace Introcaso Cdp PhD

    PRESIDENT UNTIL 5/22/23

    Total calculated
    $39,251
    From this org
    $34,468
    From related orgs
    $0
    Other
    $4,783
    Hours/week
    40 + 1 related

  • Christina Clark

    PRESIDENT AS OF 7/1/24

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Robert Knight

    INTERIM CFO (01/2023-06/2023

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Dione L Graswick

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Lyle D Albaugh

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Michele Bisbey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Judith Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Malesia Dunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Patricia Eeckhout

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Ralph A Falbo Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Jaclyn Faulds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Peg Albert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Paul Gleason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Ernestine Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Susan E Hoolahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Michael D Kenitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Alice Marie Lyon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Kathleen Matz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Mary Michael McCulla Cdp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Barry Melnkovic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sr Bertshabe Palomino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Cynthia B Piccirilli MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Susan Rauscher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Susan Renda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Anthony F Rocco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Gregory K Simakas Cima

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Ray Zipay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Andrienne Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Victor Siclari Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE UNIVERSITY'S PRESIDENT, SISTER CANDACE INTROCASO, IS PROVIDED WITH A RESIDENCE FOR PERSONAL USE AND THE UNIVERSITY SATISFIES COSTS OF CLEANING. THE UNIVERSITY ALSO SATISFIES SOCIAL CLUB DUES IN HER NAME. THE PRESIDENT IS A MEMBER OF A RELIGIOUS ORDER AND IS NOT SUBJECT TO INCOME TAXES. THE ANNUAL VALUE OF HER HOME IS $30,345. THIS INCLUDES A MORTGAGE PAYMENT BASED UPON THE ORIGINAL COSTS INCURRED DURING CLOSING WITH A 30 YR. MORTGAGE AND A RATE OF 5.5%, AND COST OF INSURANCE COVERAGE. THIS DOES NOT INCLUDE PROPERTY TAXES AS THE OWNER (LA ROCHE UNIVERSITY) IS TAX-EXEMPT. THERE IS NO ESTIMATE OF UTILITY COSTS/ REPAIRS/ CLEANING AND LAWN SERVICE INCLUDED WHICH IS ALSO PAID BY THE UNIVERSITY. THE ANNUAL VALUE OF HER LEASED VEHICLE IS $7,555. THIS DOES NOT INCLUDE GASOLINE NOR ANY RELATED MAINTENANCE/ REPAIRS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531359349305343

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