2024-04-01T12:54:12+00:00 2023-06-30 363990892 Capin Crouse LLP 345 Massachusetts Avenue Suite 300 Indianapolis IN 46204 990 2022-07-01 381393841 Cleary University CLEA 5175483670 3750 Cleary Drive Howell MI 48843 Alan Drimmer `President & CEO 5175483670 2024-04-01 true Alan Drimmer 999009999 true Daren Daiga P01074795 5055022746 2022 2023-04-26 12:10:37Z Alan Drimmer 3750 Cleary Drive Howell MI 48843 24662397 false X www.cleary.edu X 1883 MI Provide a business education that equips individuals to deliver superior service to employers and their communities. 16 16 259 16 28960 0 508238 704085 17848396 23287824 72379 461277 123882 18817911 24188170 8288252 11583194 0 5911832 7028923 0 228778 5871774 6352356 20071858 24964473 -1253947 -776303 22477133 42514225 12630295 33607778 9846838 8906447 To prepare individuals to contribute and prevail in a constantly changing workforce. false false 19102346 11583194 23300117 Instruction and Room & Board - the teaching of higher education courses to students and enabling them to sustain residency on campus in order to attend classes, achieve a bachelor's degree and enjoy the full college experience. At Cleary University, our commitment to enhancing the college experience for our students remains first and foremost. In 2023, our Athletics department introduced Men's and Women's Basketball to our array of offered teams, adding to our roster of teams and opportunities for student-athletes. We also welcomed our largest incoming class in the 140-year history of the university, a testament to our appeal and dedication to fostering a vibrant learning community. Moreover, our faculty and staff's proactive efforts resulted in the addition of eight new clubs, providing an extensive array of options for student engagement and enrichment throughout the academic year. This proactive expansion reflects our ongoing dedication to nurturing holistic student development and cultivating a dynamic campus environment that fosters growth, exploration, and a sense of belonging. 19102346 true true false false false false true false true true false false true true false true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 1336 0 true 259 true true true false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false X Megan Temby 5173383319 3750 Cleary Drive Howell MI 48843 Anne McKenny Secretary, Nominating & Govern Comm. 2.0 X X 0 0 0 Don Reimondo Vice Chair 2.0 X X 0 0 0 Edie Reaves Chair 2.0 X X 0 0 0 Glynis McBain Past Chair 2.0 X X 0 0 0 Nick Quigley Treasurer 2.0 X X 0 0 0 Patrick Cleary II Family Seat 2.0 X X 0 0 0 Anu Gopalakrishna Trustee 2.0 X 0 0 0 Bill Selesky Trustee 2.0 X 0 0 0 Brandon Wilson Trustee (part year) 2.0 X 0 0 0 Cathy Reisterer Trustee 2.0 X 0 0 0 Chris Spensley Trustee 2.0 X 0 0 0 Christian Schafer Trustee 2.0 X 0 0 0 Christopher Davis Trustee 2.0 X 0 0 0 David Barfield Trustee 2.0 X 0 0 0 Kevin Clark Trustee 2.0 X 0 0 0 Nicole Whitely Trustee (part year) 2.0 X 0 0 0 Patrick Cleary III Trustee 2.0 X 0 0 0 Shaun Merry Trustee (part year) 2.0 X 0 0 0 Tamika Mayes Trustee (part year) 2.0 X 0 0 0 Vishal Sharma Trustee 2.0 X 0 0 0 Douglas Stein Provost 50.0 X 78585 0 10048 Dr Alan Drimmer President & CEO 50.0 X 344115 0 10442 Emily Barnes Provost (part year) 50.0 X 95994 0 17358 Heather Bateman VP of Student Services 50.0 X 101179 0 15037 Jeff Eubank Interim CFO 50.0 X 0 0 0 Jeremy Walker VP of Enrollment 50.0 X 122740 0 13492 Machelle Holanda VP of Finance (part year) 50.0 X 136146 0 20056 878759 0 86433 4 false true false 0 13958 74318 615809 704085 Tuition and fees 611600 20759829 20759829 Room and board 611600 2097533 2097533 Auxiliary services 611600 258500 258500 Campus store sales 611310 32562 32562 139400 139400 0 0 23287824 2761 2761 66000 66000 0 66000 66000 460000 390382 69618 0 69618 69618 100474 13958 83845 16629 16629 Event revenue 722320 28960 28960 12293 12293 0 0 41253 24188170 23300117 28960 155008 11583194 11583194 755658 755658 5299121 3171186 2014463 113472 141987 141987 482733 479152 3060 521 349424 349424 82587 82587 75100 75100 1787 1787 775210 355604 396816 22790 317568 5128 296019 16421 890737 642010 248101 626 52439 52439 316301 180 316121 308588 269057 27918 11613 1175903 624614 523114 28175 1446861 716102 698457 32302 175696 67852 107844 Equipment 191513 135400 55981 132 Books 246388 174197 72021 170 Dues & subscriptions 156510 117692 36262 2556 139168 5320 133848 0 24964473 19102346 5633349 228778 29138 129354 9250 3300942 2433422 436085 533235 0 0 98740 479559 207035 139441 22218126 7939536 15310951 14278590 277043 597592 0 2487400 24243581 22477133 42514225 2374867 986108 535574 483583 0 9719854 9990142 0 22147945 12630295 33607778 X 4008099 3620469 5838739 5285978 9846838 8906447 22477133 42514225 -776303 -31391 -132697 0 X false true X true true true X 4859660 2129641 2887161 508238 704085 11088785 0 0 4859660 2129641 2887161 508238 704085 11088785 2977292 8111493 37390 100619 168808 93825 68761 469403 16629 16629 356414 221730 4039 0 12293 594476 12169293 79841826 0.6666 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - EVENT REVENUE, COLUMN A - 356414.0, COLUMN B - 221730.0, COLUMN C - 4039.0, COLUMN D - , COLUMN E - , COLUMN F - 582183.0; DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 12293.0, COLUMN F - 12293.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1673563 0 323900 X false 1823023 37295 127647 3000 1984965 1871924 23585 -69486 3000 1823023 1769284 62086 168808 128254 1871924 1770689 10573 75790 87768 1769284 1681114 48161 58832 17418 1770689 0.0 1.0 0.0 false false 904842 904842 17576764 5054350 12522414 758234 260449 497785 2905940 2568106 337834 72346 56631 15715 14278590 Artwork 1673563 Art held for resale Beneficial interest in charitable remainder unitrusts 336872 Cash surrender value of life insurance policies 201911 Lease right-of-use assets-operating 17074 Lease right-of-use assets-financing 22014161 24243581 Operating lease obligations 17074 Financing lease obligations 22130871 22147945 12655643 -31391 83845 52454 12603189 1787 11583194 11584981 24188170 13463337 83845 83845 13379492 1787 11583194 11584981 24964473 Schedule D, Part III, Line 4 Collections of art - description of collections Arthur Secunda Artwork - The University established the Arthur Secunda Museum at the Livingston County, Howell, MI campus. The museum enhances the University's visibility, reputation and mission by promoting a culture of education and the sophistication students expect from an institution of higher learning. The addition of the museum facilitates study in the field of arts management, examination of the artists as entrepreneur, and the use of the art to stimulate creativity among the business students. Schedule D, Part V, Line 4 Intended uses of endowment funds The intended use of the term and permanent endowment fund is to fund student scholarships. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising event expenses - 83845 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Tuition assistance - 11583194 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising event expenses - 83845 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Tuition assistance - 11583194 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Cleary University participates in student aid programs supported by the Department of Education. Summerfest 66554 66554 4744 15806 34384 Big Cat Golf Outing 31458 13958 17500 13958 1691 1 16420 16420 5398 7864 114432 13958 100474 13958 4744 21204 43939 83845 16629 true Scholarship allowance - tuition 1224 11040320 Scholarship allowance - room & board 163 542874 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The grants and scholarships awarded by Cleary University are used to pay tuition and fee charges on student accounts. The University is able to monitor whether recipients remain students at the University through the Registrar's office, and class attendance taken by professors. No cash changes hands and funds are directly tied to student accounts. X X X false false false false false false false false false Dr Alan Drimmer President & CEO 264615 0 79500 0 0 0 4125 0 6317 0 354557 0 0 0 Machelle Holanda VP of Finance (part year) 126146 0 10000 0 0 0 6856 0 13200 0 156202 0 0 0 Form 990, Part VI, Line 1a Delegate broad authority to a committee The Chair of the Board of Trustees shall also Chair the Executive Committee. The Chair, Immediate Past-Chair, Vice Chair, Secretary, Treasurer, Vice Treasurer, and one McKenny/Cleary Family Seat trustee shall constitute the Executive Committee. Between meetings of the Board of Trustees, the Executive Committee shall have general supervision of the administration and property of the University except that, unless specifically empowered by the Board of Trustees to do so, it may not take any action inconsistent with a prior act of the Board of Trustees, award degrees, alter any by-laws, elect officers, remove officers or Trustees from the Board, approve permanent buildings on tax-exempt property held for University purposes, remove or appoint the President of the University, or take any action which has been reserved for the Board or the President. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy All board members and employees are asked about any conflict of interest based on the conflict of interest policy. The signed statements are collected and reviewed by the Chief of Staff, as well as the independent members of the board. If a conflict exists, the association with the conflicting interest is discontinued or the board member or employee is not selected to serve. No Trustee shall vote on any matter under consideration at a Board or committee meeting in which such Trustee has a conflict of interest. The minutes of such meetings shall reflect that a disclosure was made and that the Trustee having a conflict of interest abstained from voting. Any Trustee who is uncertain whether the conflict of interest may exist in any matter may request the Board or Committee to resolve the issue by majority vote. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Executive Committee establishes a benchmark for every employee position based on one of the following: CUPA - HR - College & University Professional Association - Human Resources Salary Survey Results or GAASHRM - Greater Ann Arbor Society for Human Resource Management salary survey results. Every employee position is compared to a similar position in one of these surveys (CUPA is used if a position match exists). The average salary for like institutions or similar sized non-profits is used as our benchmark with a margin of 15% on either side of the average to establish our salary "range" for the position. Actual salary for an employee is based on experience and employment duration that moves one's salary up within the salary range and set by the Executive Committee. This process is documented in the committee meeting minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VIII, Line 2f Other Program Service Revenue Other program revenue - Total Revenue: 139400, Related or Exempt Function Revenue: 139400, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous revenue - Total Revenue: 12293, Related or Exempt Function Revenue: 12293, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;