Gym, 990 Return of Organization Exempt from Income

OMB No. 1545-0047

N, gym, 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) 20®4 DeW.. oft* m= ► The organization may have to use a co of this return to satisfy state reporting requirements. A Fnr the 2004 =!enda V=.-, or tax year beginning Jul 1 , 2004, and endinaI June , 20 D Employer identification number B Check d applicable: pw� C Name of organization College ❑ Address change Cr St. Vincent 25; 0964126 Prbd Number and street (or P O. box d mail is not delive d to s eet Roon✓sude E Telephone number ❑ Name change ° re tr addrc College Corporation ❑ Initial return awe. St. Vincent ( 724 539-9761 City or town , state or country, and ZIP + 4 ❑ Final return IP,1 F AxantYg metlad ❑ Cash F] Accrual ❑ mended rte,,, "°^& Latrobe, PA 15650-2690 ❑ Omer (specify) ► H and I are not app cable to sec on 527 ❑ Application pending a Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable li ti organizations. t usts must attach a completed Schedule A (Form 990 or 98QEl). H(a) Is this a group return for affiliates? U Yes ® No a Webelte: ► www.stvincent.edu H(b) If 'Yes,' enter number of affiliates ► ...... H(c) Are all affiliates included? ❑ Ys- Elmo J Organization type (check only one) ► ®501(r.) ( 3) 4 (inter; rti) ❑ 4347(a)(i) or u 527 (If 'No,' attach a list. See instructions)

K Check here ► ❑ if the orgy ization'a gross receipts are normally not more than $25,000. The H(d) Is this a separate return filed by an Yea [ No organization need not file a return with the IRS; but If the organization received a Foram 990 Package organization covered by a group ruling? ❑ in the mail, it should file a return without financial data. Some states require a complete retumn. I Group Exemption Number ► M Check ► ❑ if the organization is not requirtd L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► to attach Sch. B (Form 990, 990-Q, or 990-PF). Revenue Expenses. and Changes in Net Assets or Fund Balances (See aae 18 of the instructions.) I Contributions, gifts, grants, and similar amounts received- a Direct public support ...... 1a b Indirect public support ...... lb c Government contributions (grants) . . . 1c 8 9 i d Total (add lines 1a through 1c) (cash $ 20,007,139 noncash $ 458,250 ) . 2 Program service revenue including government fees and contracts (from Part VII , line 93) 1 2 I 25.917.222 3 Membership dues and assessments ...... 4 Interest on_ T po cash investments ...... 4 I 119.554 5 Div-yend ies ...... 6a Gros . . . . 0 45,60. Less. tai expo ties . . . , , 6b b �- t c Net rf�(IdEsysub line 6b from line 6a) ...... 6 0 7 Othe in estm nee ribs (A) secunbes (B) Other Be Gro amo $��$les then C than i v ...... , . 9,647,372 88 b Less: cost or other basis and sales expenses 8b c Gain or (loss) (attach schedule) Stmt.. -1 Sc d Net gain or (loss) (combine line 8c, columns (A) and (B)) ...... 9 Special events and activities (attach schedule). If any amount is from gaming, check here ► ❑ a Gross revenue (not including $ of CIO contributions reported on line 1a) ...... 9a b Less: direct expenses other than fundraising expenses 9b C3 c Net income or (loss) from special events (subtract line 9b from line 9a) . . . . . U5 10a Gross sales of inventory, less returns and allowances 108 1 b Lem: cost of goods sold 10b Lii c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a). 10c Z 11 Other revenue (from Part VII , line 103) . 12 Total revenue (add lines 1 d , 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11) . 13 Program services (from line 44, column (B)) ...... CJ) $ 14 Management and general (from line 44, column (C)) ...... 152,1 $ 15 Fundraising (from line 44, column (D)) 612.2 16 Payments to affiliates (attach schedule) . 17 Total expenses (add lines 16 and 44, column (A)) 35,193,908 18 Excess or (deficit) for the year (subtract line 17 from line 12) ...... 12.769.923 19 Net assets or fund balances at beginning of year (from line 73, column (A)) . S 20 Other changes in net assets or fund balances (attach explanation). . Stint,- .2 . 3,285,414 Z 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) . . . . . +,149,186 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11282Y Form 990 (2004)

-In Fom+9so(2294) S t. Vincent College 25-0964126age 2 Statennent of All organizations must complete column (l). Columns (B), (C), and (D) are required for section 501(cX3) and (4) organizations Functional Expenses and won 4947(a)(1) nonexempt charitable trusts but optional for others. (See page 22 of the nstructions.) Do not include amounts reported on line (a ( Program (C) Management Total 0) (0) Fundraisl 6b, 8b, 9b, lOb, or 16 of Part 1. services and general ng 22 Grants and allocations (attach schedi pia) (cash $ noncash $ ) 22 23 Specific assistance to individuals (attach schedule) 23 24 Benefits paid to or for members (attach schedule). 24 25 Compensation of officers, directors, etc. 25 28 Other salaries and wages ...... 26 27 Pension plan contributions . . . . . 27 28 Other employee benefits ...... 26 29 Payroll taxes ...... 29 30 Professional fundraising fees . . . . . 30 31 Accounting fees ...... 31 32 Legal fees ...... 32 33 Supplies ...... 33 34 Telephone ...... 34 35 Postage and shipping ...... 36 36 Occupancy ...... 36 37 Equipment rental and maintenance. . . 37 38 Printing and publications ...... 38 39 Travel ...... 39 40 Conferences, conventions, and meetings 40 41 Interest ...... 41 42 Depreciation , depletion , etc. (attach schedule) 42 43 Other expenses not covered above rItemize): a 43a b Program Services- Stmt.- 3 43p 28,429,556 c Managevlsnt_and_General- Stmt -4 43c 6,152,14 > d -Fundxai.sing-Stmt:-4______43d 612,211 612,211 e - 44 Total functioM everaes (add lines 22 through 43). Orgy bdm 1 612,21- CMOs" ooAuna }ph wry, &se tota to rem 13-15 . 44 135,193,908 28,429,556 6,152,141 Joint Costs. Check ► ❑ if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program seances? . ► ❑ Yes ® No If 'Yes,' enter (I) the aggregate amount of these joint costs $ ; (ii) the amount allocated to Program services $ (ili) the amount allocated to Management and general $ and (iv) the amount allocated to Fundraising $ Statement of Program Service Accomplishments (See page 25 of the instructions.) What is the organization's primary exempt purpose? ► ----- ±i$her.-Education ...... Program Service Experts" All organizations must describe their exerttpt purpose achievements in a clear and concise manner. State the number (Requited and of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4) (4) oros., and 4947(a)(1) trusts. but organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) rss.) or

a Higher_Education Services

(Grants and allocations $ ) 28.429,556 b ...... ------

(Grants and allocations $ c ......

------(Grants and allocations $

d ......

(Grants and allocations $ e Other program services (attach schedule) (Grants and allocations $ f Total of Program Service Expenses (should equal line 44, column (B), Program services). . ► Lb, 4L9, » b Form 9W (2004) Form 9%(2004) St. Vincent Colle 25-0964126 Page 3 ," Balance Sheets (See page 25 of the instructions.)

Note: Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only. Beginning of year End of year 45 Cash-non-interest-bearing . . . . . _ ...... 84R 013 1 40 1,154 , 5is6 46 Savings and temporary cash investments ...... 2,656 484 46 5,044,625

47a Accounts receivable ...... 47a 1,883.166 b Less: allowance for doubtful accounts 47b 89.813 1 746 9 33 47c 1,793,353

48a Pledges receivable Stmt. - 5 488 14,478-,012 212 858 b Less: allowance for doubtful accounts �b 8 , 633 , 801 qgc 14 , , 49 Grants receivable ...... 49 50 Receivables from officers, directors, trustees, and key employees 50 (attach schedule) ...... 51a Other notes and loans receivable (attach Z schedule) ...... 51a 1,826,966 b Less: allowance for doubtful accounts S tmt 51b 61 000 1 963 , 866 51c 1,765,966 52 Inventories for sale or use ...... 20 , 2 52 53 Prepaid expenses and deferred charges 308,786 53 , 3413 54 Investments-securities (attach schedule)Stmt5 ► ❑ Cost ® FMV 55,646,191 54 , , 55a Investments-land, buildings, . and equipment : basis ...... b Less: accumulated depreciation (attach schedule) ...... 55b 55c 56 Investments-other (attach schedule) . . . . . 56 57a Land , buildings, and equipment: basis 579 b Less: accumulated depreciation (attach schedule) ...... Stmt..- Ez 57b 52,062,543, 57c 54 350,251 58 Other assets (describe ► Stmt. - 5 ) 650,308 58 798,563

59 Total assets (add lines 45 through 58) (must equal line 74) 124.723.591 59 141 074 793 60 Accounts payable and accrued expenses ...... 2 8 6 293 60 2,566,963 61 Grants payable ...... 61 62 Deferred revenue ...... 62 63 Loans from officers, directors , trustees, and key employees (attach schedule) ...... 63 64a Tax-exempt bond liabilities (attach schedule) . .Stmt.- 7 29,755,962 64a 29,019,135 b Mortgages and other notes payable (attach schedule) .Stmt.- 7 743,672 ! 2,543,672 65 Other liabilities (describe ► Stmt _- 8 ) -10233.815 85 2.795,837

66 Total liabilities (add lines 60 through 65) 66 36,925,607 Organizations that follow SFAS 117, check here ► and complete lines 67 through 69 and lines 73 and 74. 67 Unrestricted ...... 87 19,272.782 68 Temporanly restricted ...... 39 709 0 0 68 49,505,467 W 69 Permanently restricted ...... 8 69 3 370,937 c Organizations that do not follow SFAS 117, check here ► ❑ and u, complete lines 70 through 74. o TO Capital stock, trust principal , or current funds ...... 70 71 Paid-in or capital surplus , or land, building, and equipment fund 71 72 Retained earnings, endowment, accumulated income, or other funds 72 73 Total net assets or fund balances (add lines 67 through 69 or lines = 70 through 72; column (A) must equal line 19; column (B) must equal fine 21 ) . 88,093,849 73 104,149,186 74 Total liabilities and net assets / fund balances (add lines 66 and 73) 124 , 723 , 591 74 141,074,793 Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization. How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments. For ^ gN cz ) St. Vincent College 25-0964126 page 4 Reconciliation of Revenue per Audited Reconciliation of Expenses per Audited Financial Statements with Revenue per Financial Statements with Expenses per Return -(See page 27 of the instructions.) Return 111111111111111111104 a Total revenue, gains, and other support a Total exr enses and losses P-0-1 prr and ad finariciai siaiements ' . ► a 5 i 249 2451 audited financial statements. ► a 35 193 908 b Amounts included on line a but not on b Amounts included on line a but not line 12, Form 990: on line 17, Form 990: (1) Net unrealized gains (1) Donated services on investments . . $3 , 285 , 414 and use of facilities $ (2) Donated services (2) Prior year adjustments and use of facilities $ reported on line 20, (3) Recoveries of prior Form 990. . . . $ year grants . . . $ (3) Losses reported on (4) Other (specify): line 20, Form 990. $ ------(4) Other (ski):

Add amounts on lines (1) through (4) pop b 3,285,4 ______$ Add amounts on lines (1) through (4)► b c Line a minus line b . . . . . ► c 47 963 831 c Line a minus line b . . . . . ► C d Amounts included on line 12, d Amounts included on line 17, Form 990 but not on line a: Form 990 but not on line a: (1) Investment expenses (1) Investment expenses not included on line not included on line 6b, Form 990. . . $ 6b, Form 990 . . $ (2) Other (specify): (2) Other (specify):

------$ ------$ Add amounts on lines (1) and (2) ► d Add amounts on lines (1) and (2) ► d e Total revenue per line 12, Form 990 e Total expenses per line 17, Form 990 line c plus line . ► e 471963,831 (line c plus line . ► e 35,193,90 8 JIM List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated; see page 27 of the instructions.) (B) le (C) P) m (E) Expense (A) Name and address Tit and average hours per Compensation week devoted to position Of not PaK eater a mow bereft glare account and other -0-. de(erted omy-AMM allowances See Statement------9

------

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations? .10. ❑ Yes [ No If "Yes," attach schedule-see page 28 of the instructions.

Form 990 (2004) Form sso (2004) St. Vincent College 25-0964126 Page 5 6 or Information (See pNe 28 of the instructions.) Yes No 76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity. 76 X 77 Were any changes made in the organizing or governing documents but not reported to the IRS? . . 77 X If "Yes," attach a conformed copy of the changes. 78aa D;d the orga� �ior� have unreiated business gross income of $1,000 or more during the year covered by this return? 78a X b if "Yes," has it filed a tax return on Form 990-T for this year? ...... 78b X 79 Was there a liquidation, dissolution , termination , or substantial contraction dunng the year? If "Yes," attach a statement 79 X 80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? . . 80 X b If "Yes," enter the name of the organization ► ..The._Benedictine_ Society_of Westmoreland __Cq>nty______and check whether it is 1Z exempt or ❑ nonexempt. 81a Enter direct and indirect political expenditures. See line 81 instructions 81a N/A b Did the organization file Form 1120-POL for this year? ...... 81b NI 82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? ...... _ . _ . . , , , . 82e X b if "Yes," you may indicate the value of these items here. Do not include this amount as revenue in Part I or as an expense in Part II . (See instructions in Part III.) 82b 83a Did the organization comply with the public inspection requirements for returns and exemption applications? Mal X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions?. 83b X 84a Did the organization solicit any contributions or gifts that were not tax deductible? ...... 84a X b if "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ...... 84b 85 501 (c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members? ...... b Did the organization make only in-house lobbying expenditu res of $2,000 or less? ...... 85b If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year c Dues, assessments, and similar amounts from members...... 85CI N/A d Section 162(e) lobbying and political expenditures ...... 85d N/A e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices. . 85e NIA f Taxable amount of lobbying and political expenditures (line 85d less 85e) . 85f NIJA g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? . . . . . h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax NI Wilhi N' A 86 500 ()(7) orgs. Enter. a Initiation fees and capital contributions included on line 12. 884 N/A b Gro1 ss receipts , included on line 12 , for public use of club facilities . . . . 86b N/A 87 501 (c)(12) orgs. Enter. a Gross income from members or shareholders . . . 87a b Gross income from other sources . (Do not net amounts due or paid to other N/A sources against amounts due or received from them .) ...... 87b 88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301.7701- 2 and 301 .7701-3? If "Yes," complete Part IX ...... 88 89a 501 (c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under section 4911 ► ; section 4912 ► ; section 4955 ► b 501 (c)(3) and 501 (c)(4) orgs. Did the organization engage in any section 4958 excess benefit trnnsartinn during the year or did it become aware of an excess benefit transaction from a pnor year? If "Yes," attach X a statement explaining each transaction ...... 89b c Enter: Amount of tax imposed on the organization managers or disqualified persons dunng the year under sections 4912, 4955, and 4958 ...... ► N/A d Enter: Amount of tax on line 89c, above, reimbursed by the organization ...... ► N/A 90a List the states with which a copy of this return is filed ► ...... b Number of employees employed in the pay penod that includes March 12, 2004 (See instructions .) lib 1 376 91 The books are in care of ► .Business.-Off ic.a ...... Telephone no. ►(.724__).539-9761_...___ Located at ► S_t.,.Vincent-Coliege,..LatLQb_e_,..PA------___ ZIP + 4 ► __ 15650-2690 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here. . . . ------. . . ► ❑ and enter the amount of tax-exempt interest received or accrued duri ng the tax year . . . ► 192 1 Form 990 (2004) Fors, seo (2004) St. Vincent College 25-0964126 Page 6 • Ana sis of Income-Producing Activities (See page 33 of the instructions.) Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512 , 513, or 514 (E) Related or indicated. B (C) (0) 93 Prnnrarn servic e re oriua; o vim Amount t_xclusion code Amount income a Tuition and Fees 17 722,33. b Residence Halls c Dini ng Hall d gDinikstore 883 36� e _ Other Auxiliary Services 187,74: f Medicare/Medicaid payments . g Fees and contracts from government agen cies 94 Membership dues and assessments . . . 95 Interest on savings and temporary cash investments 14 19,554 96 Dividends and interest from securities . 14 Lli781315 97 Net rental income or (loss) from real estate: a debt -financed property . . . b not debt-financed property 16 45,604 98 Net rental income or ( loss) from personal property 99 Other investment income . 75, 997) 100 Gain or ( loss) from sales of assets other than inventory 18 101 Net income or (loss) from special events . 102 Gross profit or (loss) from sales of inventory 103 Other revenue : a Pittsbur gh St eeler s 7H 001 Z69 795- b Other services- Stmt.-10 - C d e I 104 Subtotal (add columns (B), (D), and (E)) 289,795 291,425 t25,917,222 105 Total (add line 104, columns (B), (D), and (E)) L1,4ya,4'4L Note: Line 105 Dlus line 1d. Part I. should equal the amount on line 12. Part I. • Relationship of Activities to the Accomplishment of Exempt Purposes (See page 34 of the instructions.) _ Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment 0 of the organization's exempt purposes (other than by providing funds for such purposes).

See Statement- 11

Information Regarding Taxable Subsidiaries and Disregarded Entitles (See page 34 of the instructions.) (A) (B) (E Name, address, and EIN of corporation, Percentage of (C) (0) End-of} year partnership, or disregarded entity ownership interest Nature of activities Total income assets % % % % Information Regarding Transfers Associated wren Personal Benefit contracts (See page :34 of the instructions.) (a) Did the organization dunnn the yes r- ;e funds d;;o;t o indirectly, to pay premiums on a personal benefit contract? J Yes No (b) Did the organization, during the year, pay premitdms, direr Note: If "Yes" to (b). f�le-6onrr/8870 and Form 4720 (see ms

Please Sign Here

Paid Preparees Use Only d sett employed), SCHEDULE A Organization Exempt Under Section 501(c)(3) 0MB No. 1545-0047 Arm 990 or 99o-E4 (Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust Supplementary I nformation-(See separate instructions.) Depenment of the Treasury 004 Internet Revenue Service ► MUST be completed by the above oroantratinnA aM ottsc"ed to tho r Fo,-r, ^aw^^ iri ^^"aav- cL 2 Name of the organization Employer identification number St. Vincent College 7 25 ;0964126 • M Lompensauon or ure rive rngnesi rasa employees utner i nan vmcers, uirectors, ana trustees (See page 1 of the instructions. List each one. If there are none, enter "None." d) Contributions to (e) Expense (a) Name and address of each employee paid more (b) Title and average hours ( Compensation employee benefit plans account and than $50,000 per week devoted to position (c) other deterred compensation allowances

See Statement - 12

Total number of other employees paid over $50,000. ► JjMW Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether individuals or firms). If there are none. enter "None.")

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service I (c) Compensation

See Statement- 13

Total number of others receiving over $50,000 for professional services . ► I

For Paperwork Reduction Act Notice, we the Instructions for Form 990 and Form 990-EL Cat. No. 11285F Schedule A (Form 990 or 990-EZ) 2004 TT 1 ...... a !`,.19...x.. nr nnr/.1 ')L ,'cnuuul6 A tr4rn1 um w � E&i L&' DL. Vincent V V 11CFje L)-U U`t 1 G V raged C. Statements About Activities (See page 2 of the instructions.) Yes No

I During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a looLclath,O mete.- c; raa;,d? if "Yes,- enter the total expenses paid or incurred in connection with the lobbying activities ► $ (Must equal amounts on line 38, Part VI-A, or line I of Part VI-B.) ...... 1 X Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities. 2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majonty owner, or principal beneficiary? Of the answer to any question is "Yes," attach a detailed statement explaining the transactions.)

a Sale. exchange, or leasing of proper'/' ...... 2a X b Lending of money or other extension of credit? ...... 2b X c Furnishing of goods, services, or facilities? ...... 2c X d Payment of compensation (or payment or reimbursement of expenses if more than $1 ,000)? See Part -V-9 2d X e Transfer of any part of its income or assets? ...... 2e X 3a Do you make grants for scholarships, fellowships, student loans, etc.? (If "Yes," attach an explanation of how you determine that recipients qualify to receive payments.) ...... Stmt.. - 14 . , , , 3a X b Do you have a section 403(b) annuity plan for your employees? ...... 3b X 4a Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds? . 4a X b Do you provide credit counseling, debt mana ement, credit repair, or debt negotiation services? 4b X ORM Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions.) The organization is not a private foundation because it is: (Please check only ONE applicable box.) 5 ❑ A church, convention of churches, or association of churches. Section 170(b)(1)(A)(). 8 ® A school . Section 170(b)(1)(.4 (ii). (Also complete Part V.) 7 ❑ A hospital or a cooperative hospital service organization . Section 170(bx1)(A)(iii). 8 ❑ A Federal , state, or local government or governmental unit. Section 170(b)(1)(A)(v). 9 ❑ A medical research organization operated in conjunction with a hospital . Section 170(b)(1)(A)(iii). Enter the hospital 's name, city, and state 10' ...... 10 ❑ An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(iv). (Also complete the Support Schedule in Part IV-A.) 11a ❑ An organization that normally receives a substantial part of its support from a governmental unit or from the general public. Section 170(b)(1)(A)(vi). (Also complete the Support Schedule in Part IV-A.) 1lb ❑ A community trust. Section 170(b)(1)(A)(w). (Also complete the Support Schedule in Part IV-A.) 12 ❑ An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc., functions-subject to certain exceptions, and (2) no more than 331/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Also complete the Support Schedule in Part IV-A.) 13 ❑ An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations descri bed in: (1) lines 5 through 12 above; or (2t�_, section 501(c)(4)%C/.4) �.,1,(� or (6), if they meet the test of section 509(a)(2). (See section 509(a)(3).) Provide the following information about the supported organizations. (See page 5 of the instructions.) I (b) Line number (a) Name(s) of supported organization(s) from above

14 ❑ An organization organized and operated to test for public safety. Section 509(a)(4). (See page 5 of the instructions.) Schedule A (Form 980 or 990-EZ) 2004 scMdule A (Form990 or 990-E 2004 St. Vincent College 25-0964126 Page 3 " Support Schedule (Complete only If you checked a box on line 10, 11, or 12.) Use cash method of accounting. Note: You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting. Calendar year (or fiscal year beginning In) ► (a) 2003 (b) 2002 (c) 2001 (d) 2000 (e) Total 15 Gifts, grants, and contributions received. (Do not include u-n-u-sua! g w. Arco sire 28.). 16 Membership fees received 17 Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose . 18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 . 19 Net income from unrelated business activities not included in line 18. 20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf...... 21 The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge . 22 Other income. Attach a schedule. Do not include gain or (loss) from sale of capital assets 23 Total of lines 15 through 22 . 24 Line 23 minus line 17 . 25 Enter 1 % of line 23 26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24. . . . ► b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the is= amount shown in line 26a. Do not file this list with your return. Enter the total of all these excess amounts ► c Total support for section 509(a)(1) test: Enter line 24, column (e) ...... ► d Add: Amounts from column (e) for lines: 18 19 22 26b ...... ► e Public support (line 26c minus line 26d total) ...... ► f Public support percentage pine 26e (numerator) divided by line 26c (denominator)) . . . . . ► 26f % 27 Organizations described on line it a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person." Do not file this list with your return. Enter the sum of such amounts for each year.

(2003) ------(2002) ...... (2001) ...... (2000) b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (Include in the list organizations described in lines 5 through 11, as well as individuals.) Do not file this list with your return. After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year. (2003) ------(2002) ...... (2001) ...... (2000) ......

c Add: Amounts from column (e) for lines: 15 16 17 20 21 ...... ► 27c d Add: Line 27a total, and line 27b total ...... ► 27d e Public support (line 27c total minus line 27d total)...... ► 27 f Total support for section 509(a)(2) test: Enter amount from line 23, column (e) . . ► 27f g Public support percentage pine 27e (numerator) divided by line 27f (denominator)) ...... ► 27 % h Investment income percentage pine 18, column (e) (numerator) divided by line 271 (denominator)) . ► 1 27h % 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return. Do not include these grants in line 15. Schedule A (Form 990 or 9WE;q 2004 Schedule A (Farm sso of e90-EZ 2004 St* Vincent College 25-0964126 Page 4 Private School Questionnaire (See page 7 of the instructions.) (To be completed ONLY by schools that checked the box on line 6 in Part M) Yes 29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, No other governing instrument, or in a resolution of its governing body? ...... 26- X 3;i Dues the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, X programs, and scholarships ? ...... 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program , in a way that makes the policy known to all parts of the general community it serves? ...... 31 If "Yes," please describe; if "No," please explain . (If you need more space, attach a separate statement.) Periodically publicized by various means

•------32 Does------the organization maintain the following: •------a Records indicating the racial composition of the student body, faculty, and administrative staff? . . . 932a X b Records documenting that scholarships and other fi nancial assistance are awarded on a racially nondiscriminatory X basis? ...... c Copies of all catalogues, brochures, announcements , and other written communications to the public dealing X with student admissions, programs, and scholarships? ...... d Copies of all material used by the organization or on its behalf to solicit contri butions? ...... 32d

If you answered "No" to any of the above, please explain. (If you need more space, attach a separate statement.)

- • . • •------••-•-•------...------•---•--- 33 Does------the organization...... discriminate------by race in any------way with respect----to:

e Students' rights or privileges? ...... "

b Admissions policies? ...... 33b X

c Employment of faculty or administrative staff? ...... X

d Scholarships or other financial assistance? ...... 33d X

e Educational policies? ...... 33e X

f Use of facilities? ...... X

g Athletic programs? . X

h Other extracumcular activities ?. X

If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separate stata-iteni.)

348 A 34a Does the organization receive any financial aid or assistance from a governmental agency? ...... I b Has the organization's right to such aid ever been revoked or suspended ? ...... 34b X If you answered "Yes" to either 34a or b, please explain using an attached statement.

35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," attach an explanation 35 X Schedule A (Form 990 or 990-EZ) 2004 Schedule A (Form 990 or 990-EZ) 2004 St . Vincent College 25-0964126 e 5 Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions.) (To be completed ONLY by an eligible organization that filed Form 5768) Check ► a LJ it the organization belongs to an athnated group. Check ► b U If you checked "a" and "limited control° provisions apply. n.) Limits on Exp ;;�viva ° To be Lobbying Affiliated group completed for ALL electing ( The term "expenditures" means amounts paid or incurred.) totals organizations 36 Total lobbying expenditures to influence public opinion (grassroots lobbying) . . . 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying). . . 37 38 Total lobbying expenditures (add lines 36 and 37) ...... 38 39 Other exempt purpose expenditures ...... 39 40 Total exempt purpose expenditures (add lines 38 and 39) ...... 40 41 Lobbying nontaxable amount. Enter the amount from the following table- It the amount on line 40 Is- The lobbying nontaxable amount is- Not over $500,000 ...... 20% of the amount on line 40 . . . . . Over $500,000 but not over $1.000.000 $100,000 plus 15% of the excess over $500,000 Over $1,000,000 but not over $1 ,500,000 . $175,000 plus 10% of the excess over $1,000,000 41 Over $1,500,000 but not over $17,000,000. $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 ...... $1,000,000 ...... 42 Grassroots nontaxable amount (enter 25% of line 41)...... 42 43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36...... 43 44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38 ...... 44

Caution: If there is an amount on either line 43 or line 44, you must file Form 4720. 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 45 through 50 on page 11 of the instructions.)

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or (a) (b) (c) (d) (e) fiscal year beginning in) ► 2004 2003 2002 2001 Total

45 Lobbying nontaxable amount

46 Lobbying ceiling amount (150% of line 45(e))

47 Total lobbying expenditures . .

48 Grassroots nontaxable amount . .

49 Grassroots ceiling amount (150% of line 48(e))

50 Grassroots lobbying expenditures . . r�■a Lobbying Activity by Noneiecting Public Charities (For reporting only by organizations that did not complete Part VI-A) (See page 11 of the instructions.) national, state During the year, did the organization attemot to Influence - - or local logisatlon, including any yes No Amount attempt to influence public opinion on a legislative matter or referendum , through the use of: a Volunteers ...... X b Paid staff or management (Include compensation in expenses reported on lines c through h.). X c Media advertisements ...... X d Mail ings to members , legislators , or the public ...... eI Publications , or published or broadcast statements ...... Grants to other organizations for lobbying purposes ...... g Direct contact with legislators , their staffs, government officials , or a legislative body. . . . h Rallies , demonstrations, seminars , conventions , speeches, lectures , or any other means i Total lobbying expenditures (Add lines c through h.) ...... N/A If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities. Schedule A (Form 990 or 990-EZ) 2004 Schedule A (Form sso or 990-¢12004 St. Vincent College 25-0964126 Pe g Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 11 of the instructions.) 51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527, relating to political organizations? a, Transfers orin., the repuding organization to a noncharitable exempt organization of: Yes No (I) Cash ...... 51 a X (II) Other assets ...... a U X b Other transactions: (i) Sales or exchanges of assets with a noncharitable exempt organization ...... b X (II) Purchases of assets from a noncharitable exempt organization ...... b X (Ill) Rental of facilities, equipment, or other assets ...... b I X (Iv) Reimbursement arrangements ...... b X (v) Loans or loan guarantees ...... b X (vi) Performance of services or membership or fundraising solicitations ...... b X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees ...... C i I X d if the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received:

52a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501 (c)(3)) or in section 527? ...... ► ❑ Yes ® No

® Pny,W may Schedule A (Form 990 or 990-EZ) 2004 on Paw 'U S Government Pnnthg Ofte 2004 - 310-344/80348 •dh Application for Form 8868 Extension of Time To File an (Rev December 2004) Exempt Organization Return OMB No 1545-1709 Department of the Treasury a -- int 21 Oevef,� File a ��rt,arace application for each retuurn. L

• If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box ...... ► ❑ • If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part 11 (on page 2 of this form). Do not complete Part /l unless you have already been granted an automatic 3-month extension on a previously filed Form 8868. Automatic 3-Month Extension of Time-Only submit original (no copies needed) Form 990-T corporations requesting an automatic 6-month extension-check this box and complete Part I only . . . ► ❑ All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REMICs, and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041. Electronic Filing (e-file). Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for corporate Form 990-T filers). However, you cannot file it electronically if you want the additional (not automatic) 3-month extension, instead you must submit the ul y completed signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visit www.irs.govlefile.

Type or Name of Exempt Organization Employer identification number print S-I-. V] NCC wt Go /I . q .e File by the Number , street , and room or suite no. a P .O box , see instructions. due date for filing your -Ca ! . V1 NGr°O- c0 //G'4' e LoRVyA19 / return See instructions City, town or post office, state, and ZIP code. For a fogbign address, see instructions.

Check type of return to be filed (file a separate application for each return): 9 Form 990 ❑ Form 990-T (corporation) ❑ Form 4720 ❑ Form 990-BL ❑ Form 990-T (sec. 401(a) or 408(a) trust) ❑ Form 5227 ❑ Form 990-EZ ❑ Form 990-T (trust other than above) ❑ Form 6069 ❑ Form 990-PF ❑ Form 1041-A ❑ Form 8870

• The books are in the care of P !-!1 Ss.- 6.e

Telephone No. ► /...... FAX No. ► �_ 7� `1 ) 5 , -.6 v9_0 .------• If the organization does not have an office or place of business in the United States , check this box -...... ► ❑ • If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box ► ❑ . If it is for part of the group, check this box ► ❑ and attach a list with the names and EINs of all members the extension will cover. 1 I request an automatic 3-month (6-months for a Form 990-T corporati on) extension of time until 2004, to file the exempt organization return for the organization named above. The extension is for the organization ' s return for: ► ❑ calendar year 20 ... or ' ( 4 tax year beginning ...... 20Q. and endin ...... , 20° .

2 If this tax year is for less than 12 months, check reason: ❑ Initial return ❑ Final return ❑ Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See inctn lrt!ons ...... $ �✓ A b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit ...... $ i" c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions ...... $ I✓ Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions.

For Privacy Act and Paperwork Reduction Act Notice, see Instructions. Cat No 27916D Form 886 (Rev 12-2004) II

r Y a Form 6868 (Rev 12-2004) Page 2 • if you are filing for an Additional (not automatic) 3-Month Extension , complete only Part N and check this box . . > ❑ Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868. • If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1). Additional (not automatic 3-Month Type or Name of Exempt Organization Employer Identification number print File by the Number , street , and room or suite no . If a P.O. box, see instructions. For IRS use only extended due date for filing the City, town or post office, state, and ZIP code For a foreign address , see instructions. return See instructions Check type of return to be filed (File a separate application for each return): ❑ Form 990 ❑ Form 990-T (sec. 401(a) or 408(a) trust) ❑ Form 5227 ❑ Form 990-BL ❑ Form 990-T (trust other than above) ❑ Form 6069 ❑ Form 990-EZ ❑ Form 1041-A ❑ Form 8870 ❑ Form 990-PF ❑ Form 4720 STOP: Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868. • The books are in the care of ► ----•-•------•--•-•--•--•------••-•------•- Telephone No. ► ------•--•------FAX No. ► (.... ---••--•------• If the organization does not have an office or place of business in the United States, check this box ...... ► ❑ • If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is for the whole group, check this box ► ❑ . If it is for part of the group, check this box ► ❑ and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until ...... 20.... . 5 For calendar year ...... or other tax year beginning ...... 20-...., and ending ...... 20...-.. 6 If this tax year is for less than 12 months, check reason: ❑ Initial return ❑ Final return ❑ Change in accounting period 7 State in detail why you need the extension ......

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax , less any nonrefundable credits. See instructions ...... b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 ...... $ c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions. $ Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that I am authorized to prepare this form

Signature ► rune ► L �q Date ► Notice to ApplicantTo Be Completed by the IRS ❑ We have approved this application Please attach this form to the organization's return. ❑ We have not approved this application. However, we have granted a 10-day grace period from the later of the date shown below or the due date of the organization's return (including any prior extensions). This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return. Please attach this form to the organization's return. ❑ We have not approved this application. After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file. We are not granting a 10-day grace period. ❑ We cannot consider this application because it was filed after the extended due date of the return for which an extension was requested ❑ Other ......

By. Director Date Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above. Name

Type or Number and street Conclude suite, room, or apt. no.) or a P.O. box number print City or town, province or state , and country (including postal or ZIP code)

Form 8868 (Rev 12-2004) St. Vincent College Corporation STATEMENT-1 Latrobe, Pa. 1 5650 EIN: 25-0964126 Year Ended June 30, 2005

PART-I, LINE-8 a-d- SCHEDULE OF CAPITAL GAINS (LOSSES)

DATE DATE GROSS SALE COST OR GAIN OR KIND OF PROPERTY ACQUIRED SOLD PRICE OTHER BASIS (LOSS) PUBLICLY TRADED SECURITIES VAR. VAR. 5,647,372 5,822,469 (175,097)

STATEMENT- 1 St. Vincent College Corporation STATEMENT-2 Latrobe, Pa. 15650 EIN: 25-0964126 Year Ended June 30, 2005

PART 1 - LINE 20 OTHER CHANGES IN NET ASSETS

UNREALIZED GAINS ON SECURITIES RECORDED IN FINANCIAL RECORDS BUT NOT INCLUDED IN LINE12 PART 1 OF THE 990.

UNREALIZED GAIN 3,285,414

3,285,414

STATEMENT- 2 St. Vincent College Corporation STATEMENT-3 Latiobe , Pa. 15650 EIN: 25-0964126 Year Ended June 30, 2005

PART-II, LINE 43b, PROGRAM SERVICES

DESCRIPTION

EDUCATIONAL AND GENE RAL EXPENDITURES

INSTRUCTION AND RESEARCH 9,204,767 PUBLIC SERVICE 3,467,567 ACADEMIC SUPPORT 2,532,235 STUDENT SERVICES 5,300,041

SUB TOTAL- EDUCATIONAL AND GENERAL 20, 504, 610

AUXILIARY ENTERPRISES

RESIDENCE HALLS 1,197,098 DINING HALLS 2,444,958 BOOKSTORE 700,496 UTILITIES AND INSURANCE 603,157 PITTSBURGH STEELERS 283,696 HOUSING ACCOUNT 1 1 6, 9 8 7 OTHER EXPENSES, INCLUDING MAINTENANCE, INTEREST AND DEPRECIATION 2,578,554

SUB TOTAL- AUXILIARY ENTERPRISES 7,924,946

TOTAL 28,429,556

STATEMENT- 3 St. Vincent College Corporation STATEMENT-4 Latiobe , Pa. 15650 EIN: 25-0964126 Year Ended June 30, 2005

PART-II, LINE 43C, (C) MANAGEMENT AND GENERAL

DESCRIPTION

EXECUTIVE MANAGEMENT 1,576,500 GENERAL ADMINISTRATIVE SUPPORT 602,295 LOGISTICAL SERVICES 815,732 GENERAL INSTITUTIONAL SUPPORT 1,515,511 OTHER (INCL. MAINT., DEPRECIATION AND INTEREST) 1,642,103

TOTAL 6,152,141

PART II LINE 43d-(D) Fundraising

DESCRIPTION

ANNUAL AND PLANNED GIVING 277,084 ALUMNI OFFICE 205,890 OTHER 129,237

TOTAL 612,211

STATEMENT- 4 St. Vincent College Corporation STATEMENT-5 15650 Latrobe, P--. J V J V EIN: 25-0964126 Year Ended June 30, 2005

PART-IV- BALANCE SHEET DETAILS

LINE- 48- PLEDGES ( CONTRIBUTIONS) RECEIVABLE

DESCRIPTION TOTAL PLEDGES AND CONTRIBUTIONS RECEIVABLE 14,21 2L85 8

UNCONDITIONAL PROMISES TO GIVE BEFORE UNAMORITIZED DISCOUNTS AND ALLOWANCE FOR UNCOLLECTABLE! 1 2,964,738 LESS; UNAMORTIZED DISCOUNT USING RARES FROM 2.5% TO 6% (155,320) Subtotal 12,809,418 ALLOWANCE FOR UNCOLLECTIBLE RECEIVABLES (265,1 54) 12,544,264 CONTRIBUTIONS RECEIVABLE FROM REMAINDER TRUST 1,668,594

14,212,858

LINE- 54- INVESTMENTS-SECURITIES AT MARKET VALUE

DESCRIPTION INVESTMENTS MONEY MARKET ACCOUNTS S,273,459 DOMESTIC STOCKS 21,851,811 INTERNATIONAL STOCKS 9,897,405 BONDS 23,049,463 60,072,138

ANNUITY FUNDS MONEY MARKET ACCOUNTS 177,959 DOMESTIC STOCK 933,759 BONDS 125,846 1,237,564 Total 61,309,702

LINE- 58- OTHER ASSETS

DESCRIPTION FUNDS HELD IN TRUST BY OTHERS 669,952 DOE FROM BENEDICTINE SOCIETY 128,611 798,563

STATEMENT- 5 Statement-6

St. Vincent College Latrobe, Pa. 15650 EIN: 25-0964126 Year Ended June 30, 2005

PART-IV- BALANCE SHEET DETAILS (CONTINUE D)

LINE- 57-a,b,-LAND, BUILDINGS AND E QUIPMENT DESCRIPTION LEASED FROM BENEDICTINE CORPORATION SOCIETY TOTAL

BUILDINGS 51,747,439 8,71 6,977 60,464,416 IMPROVEMENTS OTHER THAN BUILDINGS 2,585,289 7,644 2,592,933 FUTNITURE AND EQUIPMENT 15,323,066 210,958 15,534,024 AUTOMOBILE AND TRUCKS 6,800 6,800 LIBRARY BOOKS 5,928,978 5,928,978 LEASEHOLD IMPROVEMENTS 5,919,492 5,919,492

81,511,064 8,935,579 90,446,643

LESS: ACCUMULATED DEPRECIATION ( 30,096 , 988) (6,144,217) (36,241,205)

51,414,076 2 , 791,362 54 , 205,438 LAND 948 4,002 4,950 CONSTRUCTION IN PROGRESS 139,863 0 139,863 TOTAL 51,554,887 2,795 , 364 54 , 350,251 DEPRECIATION FOR YEAR ENDED JUNE 30, 2005 2,760,632

LAND, BUILDINGS AND FURNITURE AND EQUIPMENT ACQUIRED PRIOR TO JUNE 30,1964, ARE STATED AT REPLACEMENT COST, LESS ALLOWANCE FOR DEPRECIATION, DETERMINED BY AN INDEPENDENT APPRAISAL COMPANY AT JUNE 30, 1964. ADDITIONS SINCE THAT DATE HAVE BEEN RECORDED AT COST OR FAIR MARKET VALUE AT DATE OF DONATION. LIBRARY BOOKS ACQUIRED PRIOR TO JULY 1, 1990 ARE VALUED ACCORDING TO THE BOWKER ANNUAL INDEX OF PRICES IN THE YEAR OF PURCHASE. ADDITIONS SINCE THAT DATE HAVE BEEN RECORDED AT COST. DISPOSALS ARE REMOVED BASED UPON HISTORICAL VALUES.

CERTAIN LAND AND BUILDINGS USED BY THE CORPORATION ARE LEASES FROM THE BENEDICTINE SOCIETY FOR AN INDEFINITE TERM AT AN ANNUAL RENTAL OF ONE DOLLAR.

ALL PLANT ASSETS, WITH THE EXCEPTION OF LAND AND CONSTRUCTION IN PROGRESS, ARE BEING DEPRECIATED ON A STRAIGHT-LINE BASES OVER THEIR ESTIMATED USEFUL LIVES OF 3 TO 50 YEARS.

STATEMENT-6 St Vincent College Corporation STATEMENT-7 Latrobe, Pa. 15650 EIN. 25-0964126 Year Ended June 30, 2005

PART-IV- BALANCE SHEET DETAILS (CONTINUED)

LINE- 64a- TAX-EXEMPT BOND LIABILITIES

ISSUE PURPOSE OF FORM AND COMPL AMOUNTCUT UNEXPENDED USE Bl MATURITY REPAYMENT INTEREST SECURITY ISSUE DATE ISSUE DATE FILED DATE END OF YEAR PROCEEDS 3RD P1 OR PAID TERMS RATE PROVIDED

COLLEGE REV. BONDS- 2001 6/22/01 NEW DORMITORY, CAPITAL INPROVEMENTS RESERVE FUNDING, ETC. 8038 6/29/01 VAR 14,652,808 0 WA 2031 280M TO 4.45%TO 1040M YR. 5.70% NIA COLLEGE REV. BONDS-1998 7/2/98 REFUNDING REV BONDS OF 1994,CAPITAL IM:)ROVEMENTWV. 450M TO 4.75% TO FUNDING, ETC. 80380 -7/98 Var. 13,966,327 0 WA 2024 1,115M YR. 5.375% WA

DORMITORY BONDS OF 1963 5/1/63 CONST-DORM COMPL 400,000 0 N/A 2013 45/55M YR 3.50% DORM'S REV.

29,019,135

PART IV-LINE64b

LINE OF CREDIT 5/20/03 ATHLETIC FIELDS VAR 543,672 0 WA 2008 LIBOR +1.4% WA DEMAND NOTE 12/2/04 CAPITYAL PROJECTS VAR 2,000,000 0 N/A OPEN LIBOR + 75% INVESTMENTS

2,543,672

STATEMENT-7 St. Vincent College Corporation STATEMENT-8 L-airuue, rd. 1 53 650 EIN: 25-0964126 Year Ended June 30, 2005

PART-IV- BALANCE SHEET DETAILS (CONTINUED)

LINE- 65- OTHER LIABILITIES DESCRIPTION

STUDENT DEPOSITS 1,033,455 RESERVE FOR UNEMPLOYMENT COMPENSATION 221,860 U.S. GOVERNMENT ADVANCES REFUNDABLE 1,540,522

TOTAL 2,795,837

LINE- 51 a and 51 b- OTHER NOTES AND LOANS RECEIVABLE DESCRIPTION

PERKINS LOANS LOANS OUTSTANDING FROM STUDENTS 1,826,966 ALLOWANCE FOR DOUBTFUL ACCOUNTS (61,000)

TOTAL 1, 765,966

STATEMENT- 8 SAINT VINCENT COLLEGE CORPORATION Statement 9 LATRUt3E, PA 15650 EIN- 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT MR.J CHRISTOPHER DONAHUE CHAIR/BOD NONE NONE NONE PRESIDENT & CEO PART FEDERATED INVESTORS, INC 1001 LIBERTY AVENUE PITTSBURGH, PA 15222

RT REV. DOUGLAS R. NOWICKI, 0 S B. V CHAIR/BOD 18,206 4,806 NONE ARCHABBOT PART SAINT VINCENT ARCHABBEY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MARIANNE REID ANDERSON BD OF DIR NONE NONE NONE PRESIDENT PART THE TIGHTKNIT GROUP 104 COUNTRY LANE PITTSBURGH, PA 15229-1263

REV JUDE W. BRADY, O.S B BD OF DIR NONE NONE NONE PRIOR, BENEDICTINE PRIORY PART PRESIDENT BENEDICTINE MILITARY SCHOOL 6502 SEAWRIGHT DRIVE SAVANNAH, GA 31406

MOST REV LAWRENCE E. BRANDT, JCD, PHD BD OF DIR NONE NONE NONE BISHOP PART DIOCESE OF GREENSBURG 723 E PITTSBURGH STREET GREENSBURG, PA 15601-2697

MRS SUZANNE W BROADHURST BD OF DIR NONE NONE NONE DIRECTOR OF CORPORATE GIVING PART EAT'N PARK HOSPITALITY GROUP

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 nrr+r. nr w rnrn LP U f\VDI , PAr,1 IUOZ U EIN- 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS , DIRECTORS , AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCO UNT 285 EAST WATERFRONT DRIVE P.O. BOX 3000 PITTSBURGH, PA 15230

REV GILBERT J. BURKE, 0 S B SECRETARY/BOD 7,658 2,772 NONE ASSISTANT TO THE PRESIDENT PART SAINT VINCENT COLLEGE & SEMINARY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MR. JOHN J. DEGNAN BD OF DIR NONE NONE NONE VICE CHAIRMAN & CHIEF ADMIN OFFICER PAR THE CHUBB CORPORATION 15 MOUNTAIN VIEW ROAD WARREN, NJ 07059

REV DEMETRIUS R DUMM, 0 S.B. BD OF DIR NONE NONE NONE PROFESSOR OF NEW TESTAMENT PART SAINT VINCENT SEMINARY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MS CAROLYN D DURONIO BD OF DIR NONE NONE NONE MANAGING PTNR - PGH AND HARRISBURG PART SMAITH I I n REED -wil 1 1 1 LL-r 435 SIXTH AVENUE PITTSBURGH, PA 15219

JOHN M. ELLIOTT, ESQ BD OF DIR NONE NONE NONE CHAIRMAN AND SENIOR SHAREHOLDER PART ELLIOTT GREENLEAF & SIEDZIKOWSKI, P.C. UNION MEETING CORPORATE CENTER V PO BOX 3010

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LATROBE, PA 15650 EIN 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT 925 HARVEST DRIVE BLUE BELL, PA 19422

REV CONAN E. FEIGH, 0 S.B BD OF DIR NONE NONE NONE DIRECTOR OF INFIRMARY PART SAINT VINCENT ARCHABBEY 300 FRASER PURCHASE ROAD LATROBE, PA 15650

REV. MARIO FULGENZI, 0 S.B. BD OF DIR NONE NONE NONE PASTOR PART ST. GREGORY THE GREAT CHURCH 5347 VIRGINIA BEACH BLVD. VIRGINIA BEACH, VA 23462

THOMAS P. GESSNER, M.D BD OF DIR NONE NONE NONE PHYSICIAN ADVISOR PART EXCELA HEALTH LATROBE ARE HOSPTIAL 121 WEST SECOND AVENUE LATROBE, PA 15650

MR PAUL P GIUNTO BD OF DIR NONE NONE NONE PRESIDENT AND CEO PART RESTAURANT INSURANCE CORPORATION 5600 SOUTH QUEBEC STREET SUITE 109A ENGLEWOOD, CO 80111

MR DONALD A. HAILE BD OF DIR NONE NONE NONE PRESIDENT & CHIEF INFORMATION OFFICER PART FIDELITY INVESTMENTS SYSTEMS COMPANY 82 DEVONSHIRE STREET

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LA T ROBE , F'A 15650 EIN. 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS , DIRECTORS , AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT V1 3A BOSTON, MA 02109-3614

VERY REV. EARL J HENRY, O.S B. BD OF DIR NONE NONE NONE PRIOR PART SAINT VINCENT ARCHABBEY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

REV. VERNON A HOLTZ, 0 S B. BD OF DIR NONE NONE NONE ASSOCIATE PROFESSOR PART PSYCHOLOGY DEPARTMENT SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

REV STEPHEN R. HONEYGOSKY, O.S B. BD OF DIR NONE NONE NONE SAINT VINCENT ARCHABBEY PART 300 FRASER PURCHASE ROAD LATROBE, PA 1565-2690

MR WILLIAM H. ISLER BD OF DIR NONE NONE NONE PRESIDENT PART FAMILY COMMUNICATIONS, INC '+802 FIF I H AVENUE PITTSBURGH, PA 15213

REV. MATTHEW THOMAS LAFFEY, 0 S B BD OF DIR NONE NONE NONE DIRECTOR OF CAMPUS MINISTRY PART 531 W FAIRMOUNT AVENUE STATE COLLEGE, PA 16801

REV EDWIN D LEAHY, 0 S B. BD OF DIR NONE NONE NONE

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LA I (RUBE, PA 15650 EIN 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT HEADMASTER PART NEWARK ABBEY 528 KING BOULEVARD NEWARK, NJ 07102

RAMON F. MARTIN, M D., PH D BD OF DIR NONE NONE NONE BRIGHAM AND WOMEN'S HOSPITAL PART DEPARTMENT OF ANESTHESIA, CWN-L1 75 FRANCIS STREET BOSTON, MA 02115

MR. CHARLES J MCINTYRE BD OF DIR NONE NONE NONE MCINTYRE MANAGEMENT PART 654 FRONT STREET HELLERTOWN, PA 18055

MR ARTHUR H. MEEHAN, JR BD OF DIR NONE NONE NONE DIRECTOR PART CITIZENS BANK 28 STATE STREET BOSTON, MA 02109

VERONICA MORGAN-LEE, PH D. BD OF DIR NONE NONE NONE 7221 THOMAS BOULEVARD PART PITTSBURGH, PA 15208

MR JAMES L MURDY BD OF DIR NONE NONE NONE FORMER PRESIDENT AND CEO PART ALLEGHENY TECHNOLOGIES INC PO BOX 237 FARMINGTON, PA 15437

J. MICHAEL NOLAN, JR., ESQ . BD OF DIR NONE NONE NONE

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LATROBE, PA 15650 EIN. 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT KIDS CORPORATION PART 6 ATLANTIC STREET 2ND FLOOR NEWARK, NJ 07102

MRS JANET PALUMBO BD OF DIR NONE NONE NONE 219 GRANDVIEW AVENUE PART PITTSBURGH, PA 15211-1525

MS MARGARET M. PETRUSKA BD OF DIR NONE NONE NONE DIR-CHILDREN, YOUTH & FAMILIES PROG RAM PART THE HEINZ ENDOWMENTS 30 DOMINION TOWER 625 LIBERTY AVENUE PITTSBURGH, PA 15222-3115

MR CHARLES J QUEENAN, JR, ESQ. BD OF DIR NONE NONE NONE ATTORNEY PART KIRKPATRICK & LOCKHART, LLP HENRY W OLIVER BUILDING 535 SMITHFIELD STREET PITTSBURGH, PA 15222-5379

MR RICHARD S. QUINLAN BD OF DIR NONE NONE NONE FORMER PRESIDENT & CEO PART HALLMARK HEALTH SYSTEMS 585 LEBANON STREET MELROSE, MA 02176

MR DAVID M RODERICK BD OF DIR NONE NONE NONE FORMER CHAIRMAN & CEO PART US STEEL CORPORATION 600 GRANT STREET, SUITE 610

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9

EIN- 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUN T PITTSBURGH, PA 15219-4776

MR MARK ROSSI BD OF DIR NONE NONE NONE SENIOR MANAGING DIRECTOR PART CORNERSTONE EQUITY INVESTORS 717 FIFTH AVENUE, SUITE 1100 NEW YORK, NY 10022

REV SEBASTIAN A SAMAY, 0 S B. BD OF DIR NONE NONE NONE NOVICE MASTER PART SAINT VINCENT ARCHABBEY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MR JOSEPH S SCHUCHERT BD OF DIR NONE NONE NONE CHAIRMAN PART KELSO & COMPANY 320 PARK AVENUE, 24TH FLOOR NEW YORK, NY 10022

MR JAMES M SHEEHAN BD OF DIR NONE NONE NONE GENERAL COUNSEL PART MILTON HERSHEY SCHOOL P 0 BOX 830 DA 1703 3 _0830 HERSHEY v .J N VV JV

REV. THOMAS MORE SIKORA, O.S B BD OF DIR NONE NONE NONE LECTURER, RELIGIOUS STUDIES DEPT PART SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MR RICHARD J TROIANO BD OF DIR NONE NONE NONE

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 �r Io% U L, rr i.Civ Jv EIN- 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT CO-FOUNDER AND VICE PRESIDENT PART XKL SYSTEMS, INC P O BOX 307 VANDERGRIFT, PA 15690

MR MICHALE T. VICTOR BD OF DIR NONE NONE NONE MERCYHURST COLLEGE PART DEAN, WALKER SCHOOL OF BUSINESS 501 EAST 38TH STREET ERIE, PA 16546-0001

REV BENJAMIN R WALKER, 0 S.B. BD OF DIR NONE NONE NONE PASTOR PART SAINT PETER CHURCH 720 ARCH STREET, N.S PITTSBURGH, PA 15212

MR H MARTIN WESTFALL BD OF DIR NONE NONE NONE PRESIDENT PART HMW CONSULTING 100 E BROAD STREET SUITE 2100 COLUMBUS, OH 43215

ROBERT DR C YYILBUR14 BD OF DiR NONE NONE NONE PRESIDENT AND CEO PART GETTYSBURG NAT'L BATTLEFIED MUSEUM FDN. 15751 STREET, N.W, SUITE 425 WASHINGTON, DC 20005

REV. VINCENT ZIDEK, O.S B BD OF DIR NONE NONE NONE PASTOR PART SAINT BENEDICT PARISH

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LATROBE, PA 15650 EIN: 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS , AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFIT PLAN ACCOUNT P.O BOX 447 100 MAIN STREET CARROLLTOWN, PA 15722

REV. FRANK ZIEMKIEWICZ, O.S B. BD OF DIR NONE NONE NONE PASTOR PART ST. MARYS CHURCH 144 CHURCH STREET ST MARYS, PA 15857

JAMES F WILL PRESIDENT/BOD COMPENSATION 0 NONE VICE CHANCELLOR & PRESIDENT FULL DONATED SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

BR NORMAN W HIPPS, 0 S B VICE PRESIDENT 121,863 23,325 NONE EXEC VICE PRESIDENT FULL DEAN, SCHOOL OF NATURAL SCIENCES, MATHEMATICS & COMPUTING SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MR RICHARD S WILLIAMS VICE PRESIDENT 131,874 19,105 26,120 VICE PRESIDENT, CHIEF FINANCE FULL AND ADMINISTRATION OFFICER SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

MR JAY CARSON VICE PRESIDENT 146,580 30,002 NONE VICE PRESIDENT, CHIEF DEVELOPMENT FULL

Statement 9 (continued) SAINT VINCENT COLLEGE CORPORATION Statement 9 LATI RODE, PA - 15b5U EIN- 25-0964126 YEAR ENDED JUNE 30, 2005

LIST OF OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTE TO TITLE EMPLOYEE EXPENSE NAME AND ADDRESS AND TIME COMPENSATION BENEFI T PLAN ACCOUNT OFFICER SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

DR THOMAS C. MANS VICE PRESIDENT 104,082 25,793 NONE VICE PRESIDENT FOR ACADEMIC AFFAIRS FULL AND INTERIM DEAN, SCHOOL OF SOCIAL SCIENCE, COMMUNICATIONS AND EDUCATION SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

VERY REV. KURT BELSOLE, O.S.B RECTOR/BOD 75,137 16,012 NONE RECTOR FULL SAINT VINCENT SEMINARY 300 FRASER PURCHASE ROAD LATROBE, PA 15650-2690

DR. LUCAS C LAMADRID VICE PRESIDENT 96,228 24,039 NONE VICE PRESIDENT, CHIEF STUDENT AFFAIRS FULL OFFICER SAINT VINCENT COLLEGE 300 FRASER PURCHASE ROAD LATROBE , PA 15650-2690

Statement 9 St. Vincent College Corporation STATEMENT-10 6 50 Latrobevvc, Pa. IJt� JV EIN: 25-0964126 Year Ended June 30, 2005

PART VII, LINE 103(b), OTHER AUXILIARY SERVICES REVENUE

DESCRIPTION

PARKING FINES AND PENALTIES 34,012 DEFERRED PAYMENT FEES 12,505 WATER LAB. ANALYSIS 60 POOL FEES 14,923 Varsity sport s 7,865 Tours and other events 7,61 3 OTHER EDUCATIONAL ACTIVITIES 46,071

123,049

PART VII, LIN E 103(a), OTHER REVENUE

PITTSBURGH STEELERS 272,934

STATEMENT-10 St Vincent College Corporation STATEMENT-11 LATROBF PA 15650 EIN 25-0964126 Year Ending June 30, 2005

PART VIII- RELATIONSHIP OF ACTIVITIES TO ACCONIPLISI-I EXEMPT PURPOSES

LINE NUMBER EXPLANATION

93a TUITION AND FEES ARE CHARGES PAID BY THE STUDENT PARTICIPANTS AT THE COLLEGE AND SERVICE FEES PAID BY OTHERS, WHICH HELPS TO DEFRAY THE COSTS OF FACULTY,EMPLOYEES,AND ADMINISTRATION OF THE INSTITUTION THUS ENABLING THE EDUCATIONAL FACILITIES TO EXIST AND PERFORM ITS EXEMPT FUNCTION OF HIGHER EDUCATION

93b RESIDENT HALL REVENUE ARE CHARGES TO RESIDENT STUDENTS WHO NEED TO HAVE CONVENIENT LOW COST I-IOUSING AND RELATER SERVICES IN ORDER TO ENABLE TF-IEIR PARTICIPATION IN THE EDUCATIONAL PROGRAMS. THE MAJORITY OF THESE STUDENTS ARE CAMPUS RESIDENTS

93c DINING HALL REVENUES ARE BASICALLY FROM STUDENTS WHO USE THE CONVENIENCE OF THE CAMPUS DINING FACILITIES TO BE ABLE TO PARTICIPATE IN THE EDUCATIONAL PROGRAMS TI-[E MAJORITY OF THES STUDENTS ARE CAMPUS RESIDENTS

93d BOOKSTORE REVENUES ARE PRIMARLY FROM STUDENTS WI-10 PURCHASE BOOKS AND OTHER MATERIALS NEEDED TO ENABLE THE STUDENT TO PARTICIPATE IN THE EDUCATIONAL PROGRAM

93e OTHER AUXILIARY SERVICES, INCLUDE LIBRARY FEES FINES AND DUPLICATING CHARGES,ON CAMPUS SNACK BAR RECEIPTS, POST OFFICE REVENUE AND DRAMA DEPARTMENT FEES, ARE FOR SERVICES PROVIDED MAINLY TO STUDENTS FOR THEIR CONVENIENCE WVI-11 LE PURSUING THEIR I-HGI-TER EDUCATIONAL ACTIVITIES

STATEMENT- 11 Saint Vincent College Statement 12 Ccmpc watio,n of Five Highest Paid Empioyees Year Ended June 30, 2005

Name & Address Title & Average Contribution Expense Acct of Employees Paid Time Devoted to Employee & Other More than $50,000 to Position Compensation Benefit Plans Allowances

C. Thomas Morrison CIO/Dir Strategic Planning 118,671 18,228 None 121 Mountain Laurel Drive Full Butler, PA 16002

Thomas W Cline Assoc Professor / Marketing 108,473 24,848 None 2001 Highlands Drive Full Latrobe, PA 15650

Gary M. Quinlivan Dean/McKenna School 105,055 26,272 None 909 Hamilton Avenue Full Latrobe, PA 15650

Charles Fazzi Professor / Accounting 96,445 24,779 20,312 1025 Whitney Ct Dr., #68 Full Latrobe, PA 15650

Rita Catalano Dir Research & Prgm Planning 91,824 22,032 None 3 Weller Drive Full RD# 11 Irwin, PA 15642

Total Number of Other Employees Paid Over $50,000 is 58

Statement 12 I

Saint Vincent College Statement 13 Com pensaa on r H -. .-. vv��Noiwau�i i ofvi ry�ivC � �-�e�l- r 81a Persons for Professional Services Year Ended June 30, 2005

Name & Address of Persons Paid Type of More than $50,000 Service Compensation

Robert Clouse Engineer $58,873 61 343 Creek Drive Slippery Rock, PA 16057

KPMG LLP Auditing & Tax $107,200 00 Dept. #0509 P O. Box 120001 Dallas, TX 75312-0509

P I P.T Athletic Training Services $52,000.00 Laurel Highlands Health 911 Ligonier Street Latrobe , PA 15650

The PMA Group Legislative Counsel $72,203 85 Suite #300 2345 Crystal Drive Arlington, VA 22202

Total Number of Other Independent Contractors Paid Over $50,000 is Zero

Statement 13 St Vincent College Corporation STATEMENT-14 I ATR (1RF P,% I Ifl._ EIN: 25-0964126 v Year Ending June 30, 2005

SCHEDULE A PART III - 113

THE FINANCIAL AID PROGRAMS AT SAINT VINCENT COLLEGE IS DESIGNED TO HELP STUDENTS WHO WOULD FIND IT DIFFICULT OR IMPOSSIBLE TO ATTEND COLLEGE WITHOUT SOME FINANCIAL ASSIST ANCE THE COLLEGE OFFFRS A COMPREHENSIVE PROGRAM OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS, AND COORDINATES PROGRAMS FROM TI->E FEDERAL AND STATE FINANCIAL AID PROGRAMS ANY OF 'n-[ESE FORMS OF FINANCIAL AID MAY BE OFFERED SINGLY OR IN VARIOUS COMBINATIONS TO A STUDENT

THE FINANCIAL AID OFFICE ESTIMATES THE COST OF ATTENDING SAINT VINCENTS COLLEGE BY ADDING TUITION, ROOM,BOARD, AND FEES PLUS ESTIMATES FOR BOOKS, SUPPLIES, TRANSPORTATION FROM HOME TO COLLEGE AND PERSONAL EXPENSES THE AMOUNT OF FINANCIAL AID AN APPLICANT RECEIVES IS BASED ON THE DIFFERENCE BETWEEN THE TOTAL COST AND THE AMOUNT THE STUDENT AND FAMILY ARE REASONABLY ABLE TO CONTRIBUTE TOWARDS COSTS AS DETERMINED BY ONE OF THE NEEDS ANALYSIS FORMS

TIE COLLEGE EXPECTS THAT THE FAMILIES OF APPLICANTS FOR FINANCIAL AID WILL ASSIST STUDENTS TO THE GREATEST EXTENT PERMITTED BY THEIR RESOURCES, AND THAT THE STUDENT' WILL I-IELP BY SUMMER AND COLLEGE EMPLOYMENT, ACCUMULATED SAVINGS, AND LOANS

ALL APPLICATIONS AND REQUIRED DOCUMENTS SI-IOULD BE RECEIVED AT SAINT VINCENT COLLEGE BY MAY 1, OF EACH YEAR ANY APPLICATIONS RECEIVED AFTER THIS DATE WILL BE PROCESSED ON A FUNDS AVAILABLE BASIS ONLY A STUDENT WHO HAS NOT FILED FOR FINANCIAL AID WILL NOT BE ELIGIBLE TO RECEIVE ANY FINANCIAL AID, SCHOLARSHIPS, GRANTS,COLLEGE WORK STUDY EMPLOYMENT, OR LOANS.

QUESTIONS CONCERNING FINANCIAL AID SI-IOULD BE ADDRESSED TO -ll-[E OFFICE OF AD\-IISSIONS AND FINANCIAL AID, SAINT VINCENT COLLEGE LATROBE, PENNSYLVANIA 15650 2690

STATEMENT-14