2024-05-15T16:08:38-05:00 2023-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2022-07-01 201269904 SYSTEM MANAGEMENT GROUP N/C 8/23 NATIONAL UNIVERSITY FOUNDATION SYST 8586428100 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 KAREN WHITNEY EVP/STUDENT SUCCESS SERV/CFO 8586428100 2024-05-15 1 KAREN WHITNEY 999009999 1 PATRICIA J MAYER P00188643 8586271400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVE C LAWRENCE 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 103787723 0 X WWW.NUSYSTEM.ORG X 2005 CA PROVIDE ADMINISTRATIVE SERVICES TO THE ORGANIZATION'S AFFILIATED INSTITUTIONS: THE NATIONAL UNIVERSITY SYSTEM ("NUS"). IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH FUNDRAISING ACTIVITY COMMENCING IN 2024. MISSION OF NUF IS CREATING AND NURTURING A CULTURE OF GIVING AND PHILANTHROPY THAT EXTENDS TO OUR STAFF, FACULTY, STUDENTS, GRADUATES, AND COMMUNITY PARTNERS. A CULTURE OF SHARED VALUES AND COLLECTIVE IMPACT, WHERE EVERY COMMUNITY MEMBER AND EVERY CONTRIBUTION STRENGTHENS OUR EDUCATIONAL MISSION AND BUILDS A LEGACY OF COMPASSION AND INNOVATION. X 17 16 1456 20 0 0 28547216 21012495 95089050 81420051 3221344 1355177 100000 0 126957610 103787723 891217 325000 0 0 59300443 69754744 0 0 0 81425132 45149388 141616792 115229132 -14659182 -11441409 124033654 0 190236161 0 -66202507 0 X PROVIDE ADMINISTRATIVE SERVICES TO THE ORGANIZATION'S AFFILIATED INSTITUTIONS: THE NATIONAL UNIVERSITY SYSTEM ("NUS"). IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH FUNDRAISING ACTIVITY COMMENCING IN 2024. MISSION OF NUF IS CREATING AND NURTURING A CULTURE OF GIVING AND PHILANTHROPY THAT EXTENDS TO OUR STAFF, FACULTY, STUDENTS, GRADUATES, AND COMMUNITY PARTNERS. A CULTURE OF SHARED VALUES AND COLLECTIVE IMPACT, WHERE EVERY COMMUNITY MEMBER AND EVERY CONTRIBUTION STRENGTHENS OUR EDUCATIONAL MISSION AND BUILDS A LEGACY OF COMPASSION AND INNOVATION. 0 1 114587426 325000 81420051 PROVIDE SUPPORT AND SERVICES TO THE ORGANIZATIONS IN THE NATIONAL UNIVERSITY SYSTEM ("NUS"). IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH ACTIVITY COMMENCING IN 2024 TO CONDUCT CHARITABLE FUNDRAISING OR OTHER ACTIVITIES ASSOCIATED FOR THE SUPPORT OF ORGANIZATIONS IN THE NUS SYSTEM, AND TO MANAGE PHILANTHROPIC ASSETS. 114587426 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 170 0 1 1456 1 0 0 0 0 0 0 0 0 0 0 1 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MICHELLE BELLO SR VP ADMIN FINANCE 8586428636 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 DR RUTHANN HEINRICH CHAIR 3.00 X X 0 0 0 DR E LEE RICE VICE CHAIR 3.00 X X 0 0 0 RICHARD CHISHOLM TREASURER 3.00 X X 0 0 0 THOMAS TOPUZES SECRETARY 3.00 X X 0 0 0 CARLOS RODRIGUEZ TRUSTEE 3.00 X 0 0 0 DAN PITTARD TRUSTEE 3.00 X 0 0 0 DR ERLINDA MARTINEZ TRUSTEE 3.00 X 0 0 0 HAROLD GREENBERG TRUSTEE 3.00 X 0 0 0 HIEP QUACH TRUSTEE 3.00 X 0 0 0 JEANNE CONNELLY TRUSTEE 3.00 X 0 0 0 JOANNE PASTULA TRUSTEE 3.00 X 0 0 0 KIM FOLSOM TRUSTEE 3.00 X 0 0 0 LEE WILLS-IRVINE TRUSTEE 3.00 X 0 0 0 MICHAEL R MCGILL TRUSTEE 3.00 X 0 0 0 STACY ALLISON TRUSTEE 3.00 X 0 0 0 TOM CLEVINGER TRUSTEE 3.00 X 0 0 0 ANA GOMEZ CHAPMAN TRUSTEE (THRU 7/2023) 3.00 X 0 0 0 TAHJAR ROAMARTINEZ TRUSTEE (THRU 7/2023) 3.00 X 0 0 0 DR MARK MILLIRON EX OFFICIO 3.00 X 0 0 0 DR MICHAEL CUNNINGHAM CHANCELLOR (THRU 3/2023) 45.00 X 1037305 0 34923 DAVE C LAWRENCE EVP, ADMIN, FINANCE 45.00 X 428302 0 41032 MICHELLE BELLO SVP, ADMIN, FINANCE 45.00 X 327397 0 43475 KAREN WHITNEY EVP, STRAT & SUST 45.00 X 402830 0 48780 JOHN GOIN EVP & COO 45.00 X 436766 0 35080 TOM STEWART EVP, SJEDI 45.00 X 374508 0 47031 SANDI BEST SVP, HR 45.00 X 335175 0 66666 PATRICK PENDLETON CIO 45.00 X 323409 0 51032 CHRIS RUSSO CHIEF OF STAFF 45.00 X 302883 0 49043 SCOTT PAGE SVP, SEP 45.00 X 299329 0 46808 CHRIS GRAHAM WVP, WES 45.00 X 303629 0 42671 NANCY ROHLAND EVP, COMM & COM ENG 45.00 X 350670 0 35209 JOHN PATTERSON VP, STRAT PARTNERSHIP 45.00 X 257843 0 77945 KEN BOUTELLE SVP, ENROLL 45.00 X 259265 0 76102 IAN COOPER SVP, STU OPS 45.00 X 259055 0 44834 DONNA-MARIE ARIAS SVP CHG MGT 45.00 X 277213 0 4120 MICHELLE WEISS INNOVATION - FORMER 45.00 X 180525 0 19935 6156104 0 764686 136 1 1 0 GOOGLE LLC PO BOX 883654 LOS ANGELES CA 900883654 ADVERTISING 6037954 MCKINSEY & COMPANY INC PO BOX 7247-7255 PHILADELPHIA PA 191707255 CONSULTING 3437499 EDDY ACQUISITIONS LLC PO BOX 780276 PHILADELPHIA PA 191780276 CONSULTING 2441945 CDW GOVERNMENT INC 75 REMITTANCE DR STE 1515 CHICAGO IL 606751515 TECHNOLOGY SERVICES 2148169 COGNIZANT TECHNOLOGY SOLUTIONS 300 FRANK W BURR BLVD TEANECK NJ 07666 TECHNOLOGY SERVICES 2061983 100 21012495 21012495 PAYMENT FOR SUPPORT 900099 81414812 81414812 OTHER PROGRAM REVENUE 900099 5239 5239 81420051 375939 375939 979238 0 979238 979238 979238 103787723 81420051 0 1355177 325000 325000 3146435 3146435 50380159 50380159 1688055 1688055 10563268 10563268 3976827 3976827 524843 524843 95023 95023 21840 21840 7887332 7887332 1529013 1529013 2308459 2308459 6301400 6301400 3504509 3504509 1085300 1085300 286368 286368 4773311 4773311 7440562 7440562 1529858 1529858 SANFORD PROGRAM EXPENSE 6756179 6756179 RECRUITMENT - EMPLOYEE 432818 432818 UNIVERSITY FUNCTIONS 349478 349478 DUES AND MEMBERSHIPS 137281 137281 185814 185814 115229132 114587426 641706 0 9760615 0 6041895 0 0 0 1588127 0 44182895 0 57667065 0 4793057 0 124033654 0 11378050 0 65211166 0 103774232 0 9872713 0 190236161 0 X -66202507 0 -66202507 0 124033654 0 X -11441409 -99299 77743215 X 0 1 X 1 0 X X X 5 JOHN F KENNEDY UNIVERSITY 941610694 2 0 0 0 NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL 562438569 10 0 0 0 NORTHCENTRAL UNIVERSITY 900171867 10 0 0 0 CITY UNIVERSITY OF SEATTLE 237421224 2 0 0 0 NATIONAL UNIVERSITY 237172306 2 0 0 0 5 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 103661000 -99299 -99299 103760299 21840 5584 27424 103787723 158218000 43016596 43016596 115201404 21840 5888 27728 115229132 PART X, LINE 2: SMG IS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND RELATED STATE PROVISIONS, AND AS SUCH, IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. INCOME TAX BENEFITS AND/OR LIABILITIES ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN DETERMINED THAT THE INCOME TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. SMG HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE (IRS) AND VARIOUS STATE JURISDICTIONS. SMG BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON SMG'S FINANCIAL CONDITION, CHANGES IN NET ASSETS, OR CASH FLOWS. ACCORDINGLY, NO RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED AT FEBRUARY 28, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: AFFILIATE INCOME - NETTED WITH EXPENSES 5,239. FINANCIAL STATEMENT ROUNDING 345. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS 43,016,596. PART XII, LINE 4B - OTHER ADJUSTMENTS: AFFILIATE INCOME - NETTED WITH EXPENSES 5,239. FINANCIAL STATEMENT ROUNDING 649. 1 LONG ISLAND UNIVERSITY 700 NORTHERN BLVD BROOKVILLE NY 11648 111633516 501(C)(3) 250000 0 GENERAL SUPPORT ALLIANCE FOR EXCELLENT EDUCATION 1425 K STREET NW 700 WASHINGTON DC 20005 113487339 501(C)(3) 75000 0 GENERAL SUPPORT 2 0 PART I, LINE 2: SYSTEM MANAGEMENT GROUP IDENTIFIES ELIGIBLE GRANTEES RELATED TO EDUCATIONAL AND COMMUNITY PURPOSES. GRANTEES ARE MONITORED AS APPROPRIATE THROUGH PERIODIC REPORTS AND SITE INSPECTIONS. GRANTEES SELECTED FURTHER THE MISSION OF THE ORGANIZATIONS IN THE NUS. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR MICHAEL CUNNINGHAM CHANCELLOR (THRU 3/2023) 1007305 0 0 0 30000 0 19600 0 15323 0 1072228 0 0 0 JOHN GOIN EVP & COO 436766 0 0 0 0 0 12200 0 22880 0 471846 0 0 0 DAVE C LAWRENCE EVP, ADMIN, FINANCE 392942 0 35360 0 0 0 19367 0 21665 0 469334 0 0 0 KAREN WHITNEY EVP, STRAT & SUST 365390 0 37440 0 0 0 19824 0 28956 0 451610 0 0 0 TOM STEWART EVP, SJEDI 339897 0 34611 0 0 0 18332 0 28699 0 421539 0 0 0 SANDI BEST SVP, HR 303715 0 31460 0 0 0 21120 0 45546 0 401841 0 0 0 NANCY ROHLAND EVP, COMM & COM ENG 322963 0 27707 0 0 0 13544 0 21665 0 385879 0 0 0 PATRICK PENDLETON CIO 292013 0 31396 0 0 0 20769 0 30263 0 374441 0 0 0 MICHELLE BELLO SVP, ADMIN, FINANCE 297071 0 30326 0 0 0 21022 0 22453 0 370872 0 0 0 CHRIS RUSSO CHIEF OF STAFF 271383 0 31500 0 0 0 20216 0 28827 0 351926 0 0 0 CHRIS GRAHAM WVP, WES 278644 0 24985 0 0 0 20458 0 22213 0 346300 0 0 0 SCOTT PAGE SVP, SEP 270729 0 28600 0 0 0 17852 0 28956 0 346137 0 0 0 JOHN PATTERSON VP, STRAT PARTNERSHIP 235843 0 22000 0 0 0 17164 0 60781 0 335788 0 0 0 KEN BOUTELLE SVP, ENROLL 259265 0 0 0 0 0 16356 0 59746 0 335367 0 0 0 IAN COOPER SVP, STU OPS 236412 0 22643 0 0 0 16356 0 28478 0 303889 0 0 0 DONNA-MARIE ARIAS SVP CHG MGT 249213 0 28000 0 0 0 3243 0 877 0 281333 0 0 0 MICHELLE WEISS INNOVATION - FORMER 180525 0 0 0 0 0 2041 0 17894 0 200460 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS MADE AVAILABLE TO BOARD MEMBERS IF THE FLIGHT IS OVER 3 HOURS. THIS IS NOT INCLUDED AS TAXABLE INCOME TO SUCH BOARD MEMBERS IF UTILIZED. PART I, LINE 7 OFFICERS AND KEY EMPLOYEES ARE ELIGIBLE FOR BONUSES. BONUSES ARE AWARDED WITHIN A SPECIFIED RANGE IN THE DISCRETION OF THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND ARE BASED ON ACHIEVING GOALS. CASH AND CASH EQUIVALENTS 2023-03-01 6723927 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) PREPAID EXPENSES 2023-03-01 6108070 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) BENEFICIAL INTEREST IN ASSETS 2023-03-01 45285490 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) INTANGIBLE ASSETS, NET 2023-03-01 7416667 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) OPERATING LEASE RIGHT OF USE, NET LIABILITY 2023-03-01 -978280 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) BUILDING IMPROVEMENTS AND EQUIPMENT, NET 2023-03-01 1440641 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) DUE TO AFFILIATES, NET 2023-03-01 -1682577 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) BONDS PAYABLE, NET 2023-03-01 -168669663 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 2023-03-01 -16404275 BOOK VALUE 237172306 NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 501(C)(3) 1 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: BOARD OF TRUSTEES AND OFFICERS PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: TRUSTEES REPORTED IN PART VII OF THE FORM 990 WERE TRUSTEES OF NATIONAL UNIVERSITY PRIOR TO THE TRANSFER OF NET ASSETS AND WILL CONTINUE TO BE THE TRUSTEES OF NATIONAL UNIVERSITY POST TRANSFER OF NET ASSETS. OFFICERS OF SYSTEM MANAGEMENT GROUP HAVE BEEN EMPLOYEES OF NATIONAL UNIVERSITY AND THE TRANSFER OF NET ASSETS TO NATIONAL UNIVERSITY WILL NOT CHANGE THE EMPLOYMENT ARRANGEMENT EXISTING WITH NATIONAL UNIVERSITY. SYSTEM MANAGEMENT GROUP HAS NOT BEEN DISSOLVED. IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH ACTIVITY COMMENCING IN 2024 TO CONDUCT CHARITABLE FUNDRAISING OR OTHER ACTIVITIES ASSOCIATED FOR THE SUPPORT OF ORGANIZATIONS IN THE NUS SYSTEM, AND TO MANAGE PHILANTHROPIC ASSETS. FORM 990, PART III, LINE 3 ON FEBRUARY 28, 2023 SYSTEMS MANAGEMENT GROUP (SMG) DISCONTINUED PROVIDING MANAGEMENT SUPPORT TO NUS AND TRANSFERED ITS NET ASSETS TO NATIONAL UNIVERSITY (SEE SCH N). IN AUGUST 2023, SMG CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF). NUF IS IN THE PROCESS OF OBTAINING APPROVAL AS A 509(A)(3), TYPE I SUPPORTING ORGANIZATION, IN WHICH IT WILL PROVIDE FINANCIAL SUPPORT TO NUS THROUGH OBTAINING GRANTS AND DONATIONS COMMENCING IN 2024. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 WAS DISTRIBUTED TO SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL VERSION OF FORM 990 WAS DISTRIBUTED FOR REVIEW BEFORE FILING TO THE TRUSTEES BY EMAIL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS ANUALLY REVIEWED AND APPROVED (BY A MAJORITY OF DISINTERESTED TRUSTEES) THE BUSINESS TRANSACTIONS WITH TRUSTEES OR THEIR AFFILIATED PROFESSIONAL SERVICE FIRMS. SUCH REVIEWS INCLUDE CONSIDERATION OF DATA ON COMPARABLE SERVICE PROVIDERS COLLECTED BY UNIVERSITY COUNSEL. THE INTERESTED TRUSTEES WERE EXCUSED FROM BOARD SESSIONS DURING WHICH THOSE BUSINESS TRANSACTIONS WERE DISCUSSED AND DID NOT PARTICIPATE IN VOTING ON SUCH TRANSACTIONS. QUESTIONNAIRES ARE DISTRIBUTED EVERY JANUARY. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY UNIVERSITY COUNSEL AND WAS REVIEWED BY THE BOARD DURING THE YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY IS REVIEWED BY THE BOARD AT THE TIME OF HIRING AND AS NECESSARY THEREAFTER. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED BY THE HUMAN CAPITAL AND COMPENSATION COMMITEE. COMPENSATION IS DETERMINED WITH REGARD TO COMPENSATION PAID TO SENIOR EXECUTIVES OF COMPARABLE NON-PROFIT AND PROPRIETARY INSTITUTIONS IN EDUCATION AND OTHER FIELDS. THE PROCESS IS DOCUMENTED AND WAS LAST COMPLETED IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO NATIONAL UNIVERSITY 120,760,000. IMPAIRMENT LOSS -43,016,596. FINANCIAL STATEMENT ROUNDING -189. NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 237172306 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 N/A 1 NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 562438569 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 10 N/A 1 NORTHCENTRAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 900171867 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 10 N/A 1 JOHN F KENNEDY UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 941610694 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 N/A 1 NATIONAL UNIVERSITY ACADEMY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 352358696 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 N/A 1 SPECTRUM PACIFIC LEARNING INC 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 453996682 INACTIVE CA 501(C)(3) LINE 10 N/A 1 NATIONAL UNIVERSITY INTERNATIONAL INC 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 453997908 INACTIVE CA 501(C)(3) LINE 2 N/A 1 CITY UNIVERSITY OF SEATTLE 521 WALL STREET SEATTLE WA 98121 237421224 EDUCATIONAL INSTITUTION WA 501(C)(3) LINE 2 N/A 1 0 1 1 1 1 0 0 0 1 0 0 1 0 1 1 1 1 1 1 CITY UNIVERSITY OF SEATTLE L 1369984 BOOK VALUE CITY UNIVERSITY OF SEATTLE D 1439000 BOOK VALUE NATIONAL UNIVERSITY E 3108000 BOOK VALUE NATIONAL UNIVERSITY P 34966000 BOOK VALUE NATIONAL UNIVERSITY C 21012495 CASH NATIONAL UNIVERSITY L 60586000 BOOK VALUE NATIONAL UNIVERSITY R 1200000 BOOK VALUE NORTHCENTRAL UNIVERSITY L 19459000 BOOK VALUE NORTHCENTRAL UNIVERSITY D 1143998 BOOK VALUE SCHEDULE R, RELATED ORGANIZATIONS: NATIONAL UNIVERSITY SYSTEM THE NUS IS AN ALLIANCE OF EDUCATIONAL INSTITUTIONS, SERVING DIVERSE LEARNERS FROM HIGH SCHOOL TO DOCTORAL PROGRAMS. THE NUS INCLUDES 6 INDEPENDENT NON-PROFIT ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3): NATIONAL UNIVERSITY, NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL (WHICH CEASED OPERATIONS IN JUNE 2022), NORTHCENTRAL UNIVERSITY (WHICH MERGED INTO NATIONAL UNIVERSITY 10.31.22), JOHN F. KENNEDY UNIVERSITY (WHICH CEASED OPERATIONS IN DECEMBER 2020), CITY UNIVERSITY OF SEATTLE, AND SYSTEM MANAGEMENT GROUP (SMG). SMG IS A SUPPORTING ORGANIZATION EXEMPT UNDER IRC SECTION 509(A)(3) WHICH PROVIDES SUPPORT AND SERVICES TO ITS TAX-EXEMPT AFFILIATES IN THE NUS THROUGH FEBRUARY 28, 2023 WHEN OPERATIONS WERE DISCONTINUED. SMG CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION IN AUGUST 2023 AND WILL COMMENCE FUNDRAISING ACTIVITIES IN 2024. SPECTRUM PACIFIC LEARNING COMPANY LLC AND NATIONAL UNIVERSITY INTERNATIONAL LLC ARE WHOLLY-OWNED BY NATIONAL UNIVERSITY, AND ARE TREATED AS DISREGARDED ENTITIES FOR TAX PURPOSES. THE BOARD OF TRUSTEES OF EACH NUS AFFILIATE GOVERNS EACH AFFILIATE INDEPENDENTLY. THE BOARD OF TRUSTEES HAS NO AUTHORITY TO REMOVE, REPLACE OR APPOINT A MAJORITY OF THE GOVERNING BODY OF THOSE OTHER AFFILIATES. THE BOARD OF TRUSTEES OF EACH AFFILIATE, ACTING IN ITS INDEPENDENT CAPACITY, PERIODICALLY APPOINTS ITS OWN NEW TRUSTEES. THE BOARD OF TRUSTEES HAS A MAJORITY OVERLAPPING COMPOSITION BETWEEN EACH AFFILIATE OF THE NUS.