2024-04-10T14:19:08-05:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 231353385 SUSQUEHANNA UNIVERSITY SUSQ 5703724128 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 JEFFREY LISTWAK VP FOR FINANCE 5703724128 2024-04-10 1 JEFFREY LISTWAK XXX-XX-XXXX 1 TROY MARINE CPA P00187863 4147775500 2024-03-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JONATHAN GREEN 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 155751650 0 X WWW.SUSQU.EDU X 1859 PA SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD. 32 28 1805 321 21032 0 26284671 6533156 143141555 148126839 134365 1026614 49196 65041 169609787 155751650 77639227 81980543 0 0 44590579 47957516 20694 8900 2725605 41560501 40926020 163811001 170872979 5798786 -15121329 351514856 350578199 61418579 56513377 290096277 294064822 SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD. 0 0 159008283 81980543 148170848 SUSQUEHANNA UNIVERSITY IS A NATIONAL LIBERAL ARTS COLLEGE CURRENTLY ENROLLING APPROXIMATELY 2,110 FULL-TIME STUDENTS. FOUNDED IN 1858, THE UNIVERSITY GRANTS BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC, BACHELOR OF SCIENCE AND MASTER OF EDUCATION DEGREES. 159008283 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 0 0 0 1 251 0 1 1805 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO MD MA NH NY OH PA MI MN WA NJ SC X X JEFFREY A LISTWAK 5703724315 514 UNIVERSITY AVE SELINSGROVE PA 178701164 ERIC HINTON TRUSTEE 40.00 X 77971 0 13543 MARIA L O MUNOZ TRUSTEE 40.00 X 55590 0 5222 ANNETTE TOMARAZZO TRUSTEE 1.00 X 0 0 0 ARIANA BOND TRUSTEE 1.00 X 0 0 0 BONNIE BUCKS REECE TRUSTEE 1.00 X 0 0 0 DAVID GERMAN TRUSTEE 1.00 X 0 0 0 DAWN MUELLER TRUSTEE 1.00 X X 0 0 0 DON HAMLIN TRUSTEE 1.00 X 0 0 0 DOUGLAS KNISS TRUSTEE 1.00 X 0 0 0 GEORGE LIBEROPOULOS TRUSTEE 1.00 X 0 0 0 GEROHN LANNS TRUSTEE 1.00 X 0 0 0 GUY ERWIN TRUSTEE 1.00 X 0 0 0 HANNAH MACKEY TRUSTEE 1.00 X 0 0 0 JAMES DUNLOP TRUSTEE 1.00 X X 0 0 0 JAMES STOWE TRUSTEE 1.00 X X 0 0 0 JEFF COOPER TRUSTEE 1.00 X 0 0 0 JOANN SUZICH TRUSTEE 1.00 X 0 0 0 LISA RYAN BURKE TRUSTEE 1.00 X X 0 0 0 LOIS MARTIN TRUSTEE 1.00 X 0 0 0 LYNDA GUINAN TRUSTEE 1.00 X 0 0 0 MARGARET FRANTZ TRUSTEE 1.00 X 0 0 0 MARTIN PINTER TRUSTEE 1.00 X X 0 0 0 MARY CIANNI TRUSTEE 1.00 X X 0 0 0 MEGHAN QUINN DORR TRUSTEE 1.00 X 0 0 0 ORVILLE REYNOLDS TRUSTEE 1.00 X 0 0 0 ROBERT DOLL TRUSTEE 1.00 X 0 0 0 RONALD REESE TRUSTEE 1.00 X 0 0 0 SANDRA ROCKS TRUSTEE 1.00 X X 0 0 0 SEWARD PROSSER MELLON TRUSTEE 1.00 X 0 0 0 SHAWN BERKEBILE TRUSTEE 1.00 X 0 0 0 SIGNE GATES TRUSTEE 1.00 X X 0 0 0 TIMOTHY ROBESON TRUSTEE 1.00 X 0 0 0 VIRGINIA LLOYD TRUSTEE 1.00 X 0 0 0 JONATHAN GREEN PRESIDENT & CEO 55.00 X 480903 0 74212 DAVE RAMSARAN PROVOST & DEAN OF FACULTY 55.00 X 247099 0 30974 JENNIFER BUCHER VP FOR OPERATIONS 55.00 X 216660 0 32350 DELOREAN MENIFEE VP FOR ENROLLMENT 55.00 X 191119 0 23727 MELISSA KOMORA VP FOR ADVANCEMENT 55.00 X 250510 0 33905 MATTHEW ROUSU DEAN SCHOOL OF BUSINESS 55.00 X 207996 0 33831 FRANCES MAGEE VP STUDENT LIFE & DEAN OF STUDENTS 55.00 X 173862 0 25789 JENNIFER SERVEDIO CHIEF INFORMATION OFFICER 40.00 X 168686 0 20616 MICHAEL OZLANSKI ASSOCIATE PROFESSOR OF ACCOUNTING 40.00 X 163326 0 13472 MICHAEL COYNE TERM 062022 FORMER EXECUTIVE VP 55.00 X 133580 0 19403 2367302 0 327044 47 1 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 SOFTWARE 319427 SFGF II LLC 1144 KENNEBEC RD CHAMBERSBURG PA 17201 SOLAR ELECTRICITY 299405 EDUCATIONAL FURNITURE SOLUTIONS LLC 536 N TROOPER RD NORRISTOWN PA 19403 FURNITURE 202822 ULSH ENTERPRISES LLC 330 MCNESS ROAD PORT TREVORTON PA 17864 VENDING SERVICES 137960 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 AUDITING SERVICES 121816 7 50000 1803669 4679487 1216408 6533156 TUITION, ROOM & BOARD 900099 146193818 146193818 RELATED PROGRAMMING 812900 1933021 1933021 148126839 1026614 1026614 OTHER 812900 65041 44009 21032 65041 155751650 148170848 21032 1026614 160422 160422 81811121 81811121 9000 9000 1795303 312106 1483197 33526516 29326630 2401460 1798426 2320161 1983115 184410 152636 7920176 7465832 256277 198067 2395360 2007589 262523 125248 175315 175315 119351 119351 8900 8900 1008273 1008273 4915594 4292633 548448 74513 2797318 2211606 502219 83493 1646690 75646 1567246 3798 3453133 3432264 17820 3049 3073124 2952866 60994 59264 1364713 1096036 239725 28952 1879154 1879154 9270890 9270890 85685 85685 FOOD SERVICES 5389081 5389081 OFF CAMPUS STUDY 948463 948463 EQUIPMENT/R&M 933970 823938 54650 55382 LIBRARY MATERIALS 365485 365485 3499781 2899740 466164 133877 170872979 159008283 9139091 2725605 6713 3725 7459749 4871788 4081346 3443258 2027112 807797 350128 282711 1912944 2234469 295540570 189782751 112699072 105757819 88024746 94216718 129857618 134200795 859126 597839 4236302 4161280 351514856 350578199 6865481 5963045 985637 700384 45642056 42674670 7925405 7175278 61418579 56513377 X 126197996 121110485 163898281 172954337 290096277 294064822 351514856 350578199 X -15121329 8649050 1008273 9432551 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1156817 X X X X 0 192778361 2596636 17042988 3512426 4523058 204382501 205545940 17529419 -22793191 3497747 4006060 192778361 173413620 5141232 34298413 3201921 4105404 205545940 175667010 1888583 2818633 3028801 3931805 173413620 169795178 4494049 7809343 2699124 3732436 175667010 0.15000 0.85000 0.00000 1 0 5992491 5992491 222997861 139347011 83650850 45391136 36104397 9286739 21159082 14331343 6827739 105757819 POOLED VEHICLES 69501927 F HEDGE FUNDS 43620535 F MUTUAL FUNDS 9496320 F FUNDS HELD IN TRUST BY OTHERS 6193107 F PRIVATE EQUITY 5112986 F REAL ESTATE 275920 F 134200795 ANNUITIES PAYABLE 1723542 FUNDS HELD IN CUSTODY FOR OTHERS 1126250 OTHER 2585150 US GOVERNMENT ADVANCES REFUNDABLE 618896 FIN47 390007 OPERATING LEASE LIABILITY 731433 7175278 X 173815925 8649049 9432551 18081600 155734325 17325 17325 155751650 169847381 0 169847381 1008273 17325 1025598 170872979 PART III, LINE 4: THE MAJORITY OF THE UNIVERSITY'S ART COLLECTION IS 1,600 FRENCH POSTERS. THE FRENCH POSTERS ARE RESEARCHED AND EXHIBITED BY FRENCH STUDENTS AND FACULTY MEMBERS. THEY ARE ARCHIVED IN A VAULT FOR PRESERVATION. PART V, LINE 4: SU'S ENDOWMENT SUPPORTS THE FOLLOWING AREAS: ACADEMIC & STUDENT SUPPORT (39%), SCHOLARSHIPS (47%), OTHER OPERATIONS & FACILITIES (14%). PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT INCOME 8,115,576. CHANGE IN SPLIT INTEREST AGREEMENTS 332,648. OTHER NONOPERATING ACTIVITIES 984,327. PART XI, LINE 4B - OTHER ADJUSTMENTS: PLEDGE WRITE OFFS 17,325. PART XII, LINE 4B - OTHER ADJUSTMENTS: PLEDGE WRITE OFFS 17,325. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SUSQUEHANNA UNIVERSITY'S NOTICE OF NONDISCRIMINATORY POLICY AND NONDISCRIMINATION STATEMENT ARE PUBLICLY AND REASONABLY ACCESSIBLE VIA THE UNIVERSITY'S INTERNET WEBSITE AT ALL TIMES OF THE YEAR. THE UNIVERSITY'S APPLICATION FOR ADMISSION ALSO PROVIDES AN AFFIRMATION OF THE UNIVERSITY'S COMMITMENT TO BEING AN ENGAGED, CULTURALLY INCLUSIVE CAMPUS THAT AFFIRMS THE DIGNITY AND WORTH OF ALL PERSONS REGARDLESS OF RACE, ETHNICITY, AND OTHER PROTECTED CATEGORIES. SCHEDULE E, PART I, LINE 6 SUSQUEHANNA UNIVERSITY RECEIVES THE FOLLOWING TYPES OF GOVERNMENTAL AID EITHER DIRECTLY OR INDIRECTLY: PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT(SEOG), TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT, WORK STUDY GRANT, TRIO STUDENT SUPPORT SERVICES (SSS) GRANT, VETERANS AFFAIRS (VA) EDUCATIONAL BENEFITS, PENNSYLVANIA AND VARIOUS OTHER STATE GRANTS DEPENDENT UPON OUR ENROLLED, ELIGIBLE STUDENT POPULATION. 1 CENTRAL AMERICA & THE CARRIBBEAN 0 0 INVESTMENTS 106253626 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 115237 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 328380 CENTRAL AMERICA & THE CARRIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 34911 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 84907 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 431356 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 1303662 0 0 0 0 0 0 108552079 0 108552079 EAST ASIA & THE PACIFIC POVERTY RELIEF 9000 WIRE TRANSFER 300 USED CLOTHING FMV 1 0 1 0 1 0 1 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OUTSIDE THE U.S. IS RELATED TO SERVICE-LEARNING COURSES AND A MISSION TRIP. PARTICIPANTS TRAVEL TO THE PHILIPPINES FOR TWO WEEKS IN THE SPRING WHICH LEADS TO TWO SEMESTER HOURS OF ACADEMIC CREDIT. THE TRIP INCLUDES DISTRIBUTION OF FOOD, SCHOOL SUPPLIES AND OTHER NECESSITIES AND ALSO HELPING TO BUILD HOMES. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV: SUSQUEHANNA UNIVERSITY INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, SUSQUEHANNA UNIVERSITY INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT SUSQUEHANNA UNIVERSITY IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE FORM 990-T. 1 SELINSGROVE BOROUGH ONE N HIGH ST SELINSGROVE PA 17870 236002939 LOCAL GOV'T 106422 0 GENERAL SUPPORT DAUNTLESS HOSE COMPANY 713 BRIDGE ST SELINSGROVE PA 17870 230510390 501(C)(3) 8000 0 GENERAL SUPPORT SELINSGROVE AREA SCHOOL DISTRICT 401 18TH ST SELINSGROVE PA 17870 231727728 LOCAL GOV'T 46000 0 GENERAL SUPPORT 3 0 SCHOLARSHIPS AND FINANCIAL AID 2184 81811000 FMV CREDIT ON STUDENT ACCOUNTS SCHEDULE I, PART I, LINE 1: STUDENTS MAY BE AWARDED GRANT FUNDS ON THE BASIS OF ACADEMIC ACHIEVEMENT AND/OR FINANCIAL NEED. IN EACH CASE THE STUDENT CAN RETAIN ELIGIBILITY FOR FUNDING FOR AS MANY AS EIGHT SEMESTERS AS A FULL-TIME STUDENT, PROVIDED THE STUDENT MEETS THE RENEWAL CRITERIA SUCH AS GRADE POINT AVERAGE AND GRADE PROCESSION AS OUTLINED IN THE UNIVERSITY CATALOGUE. FACTORS INCLUDED IN THE CALCULATED COST INCLUDE TUITION, FEES, ROOM, BOARD, AND ESTIMATES FOR THE COST OF BOOKS AND PERSONAL EXPENSES DURING THE NINE MONTH ACADEMIC YEAR. AN INDIVIDUAL STUDENT MAY NOT RECEIVE MORE THAN THE COST OF TUITION FROM THE INSTITUTIONAL GRANT FUNDS. X X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JONATHAN GREEN PRESIDENT & CEO 388615 0 56000 0 36288 0 27450 0 46762 0 555115 0 0 0 MELISSA KOMORA VP FOR ADVANCEMENT 206345 0 13704 0 30461 0 21740 0 12165 0 284415 0 0 0 DAVE RAMSARAN PROVOST & DEAN OF FACULTY 210295 0 23012 0 13792 0 20908 0 10066 0 278073 0 0 0 JENNIFER BUCHER VP FOR OPERATIONS 173498 0 32836 0 10326 0 18090 0 14260 0 249010 0 0 0 MATTHEW ROUSU DEAN SCHOOL OF BUSINESS 173127 0 13923 0 20946 0 19177 0 14654 0 241827 0 0 0 DELOREAN MENIFEE VP FOR ENROLLMENT 168231 0 13072 0 9816 0 17210 0 6517 0 214846 0 0 0 FRANCES MAGEE VP STUDENT LIFE & DEAN OF STUDENTS 136637 0 9205 0 28020 0 15840 0 9949 0 199651 0 0 0 JENNIFER SERVEDIO CHIEF INFORMATION OFFICER 153412 0 0 0 15274 0 15523 0 5093 0 189302 0 0 0 MICHAEL OZLANSKI ASSOCIATE PROFESSOR OF ACCOUNTING 128445 0 0 0 34881 0 12845 0 627 0 176798 0 0 0 MICHAEL COYNE TERM 062022 FORMER EXECUTIVE VP 121628 0 0 0 11952 0 11924 0 7479 0 152983 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL - UNDER SPECIAL AND VERY LIMITED CIRCUMSTANCES FIRST CLASS TRAVEL IS PERMITTED FOR KEY EMPLOYEES. NO FIRST CLASS TRAVEL OCCURRED IN THE REPORTING YEAR. TRAVEL FOR COMPANIONS - THE PRESIDENT'S SPOUSE DID NOT ACCOMPANY HIM ON ANY TRAVEL THAT WAS NOT ASSOCIATED WITH HER DUTIES AS AN EMPLOYEE OF THE UNIVERSITY. TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - THE UNIVERSITY GROSSES UP CERTAIN PAYMENTS TO KEY EMPLOYEES TO COVER TAXES. DISCRETIONARY SPENDING ACCOUNT - THE PRESIDENT HAS A RESTRICTED ACCOUNT USED FOR INSTITUTIONAL SPENDING ONLY. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO OCCUPY, WITH HIS FAMILY, A UNIVERSITY-OWNED AND MAINTAINED RESIDENCE. THE UNIVERSITY'S MAINTENANCE AND FACILITIES DEPARTMENTS PROVIDE THE NECESSARY LANDSCAPING, CLEANING, AND OTHER MAINTENANCE. PERSONAL SERVICES - A HOUSEKEEPER IS EMPLOYED BY THE UNIVERSITY TO MAINTAIN THE PRESIDENT'S RESIDENCE AND AN OCCASIONAL DRIVER IS HIRED FOR AIRPORT TRAVEL SO THE PRESIDENT CAN WORK IN TRANSIT. A SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453EN9 2015-08-11 29501612 REFUND SCHEA 2006 BONDS 0 0 0 B SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453FF5 2017-06-08 26668119 REFUND SCHEA 2008 BONDS 0 0 0 A 8520000 29501612 2016 1 1 1 1 B 5044417 26668119 2017 1 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SUBJECT TO FERPA LAWS FERPA LAWS 186750 MERIT BASED SCHOLARSHIPS SUBJECT TO FERPA LAWS FERPA LAWS 12095 NEED BASED SCHOLARSHIPS LYNN BUCK SPOUSE OF KEY EMPLOYEE 38383 EMPLOYMENT (LYNN BUCK, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF JONATHAN GREEN, A KEY EMPLOYEE. HER WAGES FOR EMPLOYMENT TOTALED $38,383 FOR THE REPORTING PERIOD). 0 APRIL RIVERS SPOUSE OF KEY EMPLOYEE 43706 EMPLOYMENT (APRIL RIVERS, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF DAVE RAMSARAN, A KEY EMPLOYEE. HER WAGES FOR EMPLOYMENT TOTALED $43,706 FOR THE REPORTING PERIOD). 0 COLEEN ZOLLER SPOUSE OF TRUSTEE 88514 EMPLOYMENT (COLEEN ZOLLER, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF ROBERT DOLL, A TRUSTEE. HER WAGES FOR EMPLOYMENT TOTALED $88,514 FOR THE REPORTING PERIOD). 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE RELATIONSHIPS IDENTIFIED ABOVE WERE DISCLOSED TO THE BOARD AND IN THE FINANCIAL STATEMENTS. X 3 9400 MARKET VALUE X 800 MARKET VALUE X 32 1204358 MARKET VALUE X RENOVATIONS 1 1850 MARKET VALUE 0 0 1 1 PART I, LINE 32B: IT IS THE UNIVERSITY'S GENERAL PRACTICE TO LIQUIDATE GIFTS OF PUBLICLY HELD STOCK AS QUICKLY AS POSSIBLE, UNLESS HOLDING THE STOCK IS DETERMINED TO BE IN THE BEST INTEREST OF THE UNIVERSITY BY THE VICE PRESIDENT FOR FINANCE IN CONSULTATION WITH ONE OF THE UNIVERSITY'S INVESTMENT ADVISORS. THE STOCK IS LIQUIDATED BY THE BROKERAGE FIRM JANNEY MONTGOMERY SCOTT LLC ON 309 N. FIFTH ST., SUNBURY, PA 17801. FORM 990, PART VI, SECTION B, LINE 11B ALONG WITH A DETAILED REVIEW PERFORMED BY THE AUDIT COMMITTEE A LINK TO A PASSWORD-PROTECTED WEBSITE WAS EMAILED TO THE GOVERNING BODY WHERE THE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE WAS SENT TO THE GOVERNING BODY AND THE REPLIES WERE REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. THE REVIEW OF THE QUESTIONNAIRES FORMS THE BASIS FOR DISCLOSURE ON THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE ORGANIZATION'S EXECUTIVE COMMITTEE) OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION AND WHO RECEIVE REMUNERATION FROM THE ORGANIZATION, INCLUDING, AMONG OTHERS, THE PRESIDENT, PROVOST AND DEAN OF THE FACULTY, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR ENROLLMENT, AND VICE PRESIDENT FOR OPERATIONS. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE UNIVERSITY DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THESE DOCUMENTS ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: ENDOWMENT INCOME 8,115,576. CHANGE IN SPLIT INTEREST 332,648. OTHER NONOPERATING ACTIVITIES 984,327. SUSQUEHANNA UNIVERSITY & ORTENZIO CHARITABLE TRUST 4718 GETTYSBURG ROAD STE 405 MECHANICSBURG PA 17055 806155309 SUPPORTS SUSQUEHANNA UNIVERSITY PA 501(C)(3) LINE 12A, I SUSQUEHANNA UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSQUEHANNA UNIVERSITY & ORTENZIO CHARITABLE TRUST C 50000 CASH