2024-05-14T09:54:05-05:00 2023-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2022-07-01 160743088 NAZARETH UNIVERSITY NAZA 5853892525 4245 EAST AVENUE ROCHESTER NY 14618 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRAT 5853892525 2024-05-13 1 KAREN KUPPINGER 999009999 1 RICHARD LEICHT P01378913 5853811000 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DR ELIZABETH PAUL 4245 EAST AVENUE ROCHESTER NY 14618 187293817 0 X WWW.NAZ.EDU X 1924 NY NAZARETH UNIVERSITY FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 32 29 2273 259 206310 157765 11426289 8637845 108250411 108774665 3455683 19611232 952643 1420624 124085026 138444366 39304666 38009998 0 0 46574702 47114184 0 0 1526703 38167539 39534131 124046907 124658313 38119 13786053 285294834 289521924 64905850 61618162 220388984 227903762 X NAZARETH UNIVERSITY FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 0 0 33939102 90691864 HIGHER EDUCATION INSTRUCTION-REFLECTS EXPENSES DIRECTLY RELATING TO THE DELIVERY OF QUALITY INSTRUCTIONAL PROGRAMS AT THE UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION LEVELS. PROGRAMS OF STUDY ARE DELIVERED THROUGH THE COLLEGE OF LIBERAL ARTS, SCIENCES, BUSINESS & EDUCATION, AND COLLEGE OF VISUAL, PERFORMING ARTS & DESIGN. (2,414 TOTAL STUDENT FTES) 38009998 38009998 SCHOLARSHIP PROGRAMS: SCHOLARSHIPS AND GRANTS-REFLECTS THE COMPETITIVE SCHOLARSHIPS, NEED BASED AID, AND HIGHER EDUCATION OPPORTUNITY GRANTS AWARDED TO STUDENTS IN ORDER TO MAKE THE TOTAL COST OF ATTENDANCE MORE AFFORDABLE. (2,414 TOTAL STUDENT FTES) 14922156 17981278 AUXILIARY ENTERPRISES-PERTAINS TO THE OPERATIONS OF THE INSTITUTION THAT EXIST TO FURNISH A SERVICE TO STUDENTS, FACULTY, OR STAFF, AND THAT CHARGE A FEE THAT IS DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE SERVICE. AUXILIARY ENTERPRISES ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND STUDENT HEALTH SERVICES. (2,414 TOTAL STUDENT FTES) 25198811 1064989 ALL OTHER PROGRAM EXPENSES, INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND ARTS CENTER. STUDENT SERVICES PERTAINS TO OFFICES SERVING STUDENTS INCLUDING REGISTRATION AND RECORDS, STUDENT DEVELOPMENT, CENTER FOR LIFE'S WORK, ENROLLMENT MANAGEMENT AND CENTER FOR STUDENT SUCCESS. ATHLETIC EXPENSES ARE ALSO INCLUDED IN THIS CATEGORY. ACADEMIC SUPPORT PERTAINS TO LIBRARY SERVICES, ACADEMIC ADVISEMENT, THE CENTER FOR INTERNATIONAL EDUCATION AND THE OFFICES OF THE DEANS, AMONG OTHERS. THE ARTS CENTER IS A PRESENTER OF EXCEPTIONAL MUSIC, THEATER AND DANCE PERFORMANCES. (2,414 TOTAL STUDENT FTES) 25198811 1064989 112070067 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 3977 0 2273 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 32 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CO LA WV FL CA X KAREN KUPPINGER 5853892525 4245 EAST AVE ROCHESTER NY 14618 X JOHN DRAIN BOARD CHAIR 2.00 X X 0 0 0 TIMOTHY FOURNIER TRUSTEE 2.00 X 0 0 0 JACK ALLOCCO TRUSTEE 2.00 X 0 0 0 YOLANDA RAMOS BENITEZ TRUSTEE 2.00 X 0 0 0 STEPHEN BROWN TRUSTEE 2.00 X 0 0 0 BRIAN COOPER TRUSTEE 2.00 X 0 0 0 RACHEL BAILEY JONES FACULTY REPRESENTATIVE - TRUSTEE 35.00 X 74959 0 18376 SERGIO ESTEBAN TRUSTEE 2.00 X 0 0 0 EMIL DUDA TRUSTEE 2.00 X 0 0 0 JUSTIN STEVENS TRUSTEE 2.00 X 0 0 0 ANDREW GALLINA VICE CHAIR 2.00 X X 0 0 0 BRIAN HICKEY TRUSTEE UNTIL 10/1/2022 2.00 X 0 0 0 RICHARD KAPLAN TRUSTEE 2.00 X 0 0 0 GEORGIA LAMB TRUSTEE 2.00 X 0 0 0 ELIZABETH MCANARNEY TRUSTEE 2.00 X 0 0 0 MITCHELL NUSBAUM TRUSTEE UNTIL 8/1/2022 2.00 X 0 0 0 RICHARD PIERPONT TRUSTEE 2.00 X 0 0 0 CORAL SURGEON TRUSTEE 2.00 X 0 0 0 FRANK YORK TRUSTEE UNTIL 1/1/2023 2.00 X 0 0 0 DUFFY PALMER TRUSTEE 2.00 X 0 0 0 EDWARD LEVA TRUSTEE 2.00 X 0 0 0 MARISA GEITNER TRUSTEE 2.00 X 0 0 0 SCOTT CHAPMAN TRUSTEE 2.00 X 0 0 0 EILEEN DALY SSJ TRUSTEE 2.00 X 0 0 0 ROGER FRIEDLANDER TRUSTEE 2.00 X 0 0 0 KENNETH GLAZER TRUSTEE 2.00 X 0 0 0 GRANT RANDALL TRUSTEE 2.00 X 0 0 0 BETSY RIEDMAN TRUSTEE 2.00 X 0 0 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 50.00 X X 465860 0 30777 ANNE MCCAFFREY TRUSTEE 2.00 X 0 0 0 DANIELLE ABRAMSON TRUSTEE 2.00 X 0 0 0 SUSAN GENTHNER TRUSTEE 2.00 X 0 0 0 RYAN FELTNER TRUSTEE 2.00 X 0 0 0 MICHAEL PERRONE TRUSTEE 2.00 X 0 0 0 MIGUEL VELAZQUEZ TRUSTEE 2.00 X 0 0 0 SUSAN DANAHY TRUSTEE UNTIL 8/1/2022 2.00 X 0 0 0 PATRICK RICHEY FORMER VP FOR FINANCE AND ADMIN 50.00 X 248936 0 17728 MAUREEN FINNEY PROVOST IN ACADEMIC AFFAIRS 50.00 X 124663 0 5249 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRATION 50.00 X 157971 0 11341 DARRELL BELL VP FOR ADVANCEMENT 50.00 X 198593 0 16035 ELIZABETH CRONIN FORMER VP OF MARKETING & COMMUNICATIONS 50.00 X 158591 0 16847 FRANK WILLIAMS FORMER VP FOR STRATEGIC ENROLLMENT MANAGMENT 50.00 X 185718 0 21935 KRISTEN GREEN INTERIM VP FOR FINANCE 50.00 X 128184 0 23810 WAYNE HILSON VP OF CULTURE, COMMUNITY, AND BELONGING 50.00 X 126427 0 9281 YOUSUF GEORGE VP FOR STRATEGY AND INNOVATION 50.00 X 129693 0 11394 CATHERINE RASMUSSEN DEAN SCHOOL OF HEALTH AND HUMAN SERVICES 50.00 X 147235 0 10717 ESPERANZA RONCERO FORMER COMMUNITY AND BELONGING SCHOLAR 50.00 X 162069 0 2045 KATHLEEN DABOLL-LAVOIE DEAN OF SCHOOL OF EDUCATION 50.00 X 130256 0 15556 KIMBERLY HARVEY AVP FOR STUDENT AND CAMPUS LIFE/DEAN OF STUDENT EX 50.00 X 127713 0 12312 RON NETSKY PROFESSOR IN ART 50.00 X 123333 0 20703 ANDREA TALENTINO FORMER VP FOR ACADEMIC AFFAIRS 50.00 X 120846 0 7560 LISA DURANT-JONES FORMER VP FOR COMMUNITY & BELONGING 50.00 X 112717 0 8255 2923764 0 259921 72 1 1 0 SWBR ARCHITECTS 387 EAST MAIN STREET ROCHESTER NY 14604 ARCHITECTS 410117 HARTER SECREST & EMERY LLP 1600 BAUSCH LOMB PLACE ROCHESTER NY 14604 LEGAL FEES 363442 ELLUCIAN 62578 COLLECTION CENTER DRIVE CHICAGO IL 606930625 SOFTWARE 351876 DOMICELLO ENTERPRISES 1395 ALLEN ROAD PENFIELD NY 14526 CONSTRUCTION 245225 ENROLLMENT RESEARCH ASSOCIATES 114 CAMP ST UNIT 101 SAN ANTONIO TX 78204 CONSULTANT 110000 5 46395 2806949 5784501 175117 8637845 TUITION AND FEES 611310 90691864 90691864 ROOM AND BOARD 611310 16860622 16860622 OTHER AUXILIARY INCOME 611310 1120656 1115906 4750 ARTS CENTER PROGRAMS 611310 101523 29956 71567 108774665 2846672 2846672 110581 0 110581 110581 110581 65576904 15840 48823132 5052 16753772 10788 16764560 16764560 14065 46395 21267 -7202 -7202 INDIRECT COST RATE REIMBURSEMENT 900099 147469 147469 1169776 1039783 129993 1317245 138444366 109738131 206310 19862080 37788783 37788783 221215 221215 2197421 843408 960166 393847 36974377 31813679 4480069 680629 1490989 1298108 165479 27402 3657302 3091700 477893 87709 2794095 2340736 378363 74996 384136 1578 382558 87500 87500 712771 712771 1641448 1114009 472610 54829 929223 769405 159818 2436426 1733349 580967 122110 1851095 1800767 42066 8262 3137 3137 8407532 7783994 623538 934921 890914 20869 23138 180325 133252 34003 13070 1851954 1709399 142555 8656563 8093886 562677 970428 921907 48521 FOOD SERVICE 5119693 5008412 76436 34845 OTHER 4520255 3895579 621945 2731 ACADEMIC COURSE WAIVERS 846724 812850 30739 3135 124658313 112070067 11061543 1526703 849923 686920 27591963 41601344 1940040 2703275 2479052 2461270 658605 378369 2635415 2334881 313250938 160242463 152426464 153008475 59880446 52317722 35442878 32480842 1390048 1548826 285294834 289521924 7382404 6792567 794181 808109 44077731 42271093 12651534 11746393 64905850 61618162 X 177895155 181147519 42493829 46756243 220388984 227903762 285294834 289521924 X 13786053 -6773936 502661 X X 0 1 X 1 1 1 X 7188336 7396310 7693544 11426289 8637845 42342324 7188336 7396310 7693544 11426289 8637845 42342324 376142 41966182 2124127 1781255 1443489 1524404 2846672 9719947 17826 15578 77125 157765 268294 781989 832136 421414 787033 1039783 3862355 56192920 113546579 0.74680 0.76810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 4286 1 2590 0 6876 0 SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY IS A MEMBER OF A REGIONAL CHAMBER OF COMMERCE WHEREBY 10% OF THEIR ACTIVITIES ENGAGE IN STATE AND FEDERAL LOBBYING. IN ADDITION, THE PRESIDENT AS WELL AS AN ADDITIONAL STAFF MEMBER AVERAGED 62 HOURS IN FISCAL YEAR 2023 ENGAGED IN LOBBYING ACTIVITIES FOR THE UNIVERSITY. THESE ACTIVITIES INCLUDED PHONE CONVERSATIONS AND MEETINGS WITH LEGISLATORS AND OTHER GOVERNMENT OFFICIALS, SEEKING FEDERAL AND STATE AID FOR NAZARETH UNIVERSITY INITIATIVES. 77919182 2647719 8079213 1434947 2786456 84424711 86017483 831018 -6562902 1180090 1186327 77919182 68365634 362999 21939719 1161463 3489406 86017483 71326126 1724638 -925108 1098175 2661848 68365634 69127326 2449623 2950420 887772 2313471 71326126 0.61900 0.38100 0 0 8232974 8232974 148657751 52492276 96165475 759816 361276 398540 54135519 42777678 11357841 101464878 64611233 36853645 153008475 32480842 F 32480842 ACCRUED POST RETIREMENT BENEFIT COSTS 8053581 ASSET RETIREMENT OBLIGATION 3238103 GOVERNMENT LOAN PROGRAM REFUNDABLE ADVANCES 454709 11746393 92958140 -6773936 -38009998 -44783934 137742074 712771 -10479 702292 138444366 85946023 10479 10479 85935544 712771 38009998 38722769 124658313 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -38,009,998. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS 10,788. SPECIAL EVENT EXPENSES -21,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -10,788. SPECIAL EVENT EXPENSES 21,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 38,009,998. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY USES ITS WEBSITE AS A MEANS OF PUBLICIZING ITS NON-DISCRIMINATORY POLICY. THE UNIVERSITY BELIEVES THAT NOTICES SUCH AS THIS, PREVIOUSLY PUBLISHED IN THE NEWSPAPER, ARE MORE EFFECTIVELY COMMUNICATED THROUGH THE USE OF ITS WEBSITE, HIGHLY VISIBLE AND FREQUENTED BY STUDENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDING FROM THE US DEPARTMENT OF EDUCATION FOR THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PELL GRANT PROGRAM, AND TEACH GRANTS. NEW YORK STATE FUNDS VARIOUS PROGRAMS SUCH AS: HIGHER EDUCATIONAL OPPORTUNITY PROGRAM, TEACHERS OPPORTUNITY CORP., EISENHOWER GRANT, NYS TAP, NYS EXCELLENCE, AND NYS LOTTERY AND STATE APPROPRIATIONS IN THE FORM OF BUNDY AID AND HIGH NEEDS NURSING AID. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING AWARDED FINANCIAL AID 35315 EUROPE 0 0 GRANTMAKING AWARDED FINANCIAL AID 36500 NORTH AMERICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 149400 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 4000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS PASSIVE FOREIGN INVESTMENTS 7838983 0 0 0 0 0 0 8064198 0 8064198 FINANCIAL AID EAST ASIA AND THE PACIFIC 3 35315 CREDIT ON THE STUDENT'S ACCOUNT FINANCIAL AID EUROPE 2 36500 CREDIT ON THE STUDENT'S ACCOUNT FINANCIAL AID NORTH AMERICA 7 149400 CREDIT ON THE STUDENT'S ACCOUNT GRADUATE TUITION ASSISTANCE EAST ASIA AND THE PACIFIC 1 4000 CREDIT ON THE STUDENT'S ACCOUNT 1 0 0 1 1 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVING SCHOLARSHIPS ARE CODED SEPARATELY IN THE UNIVERSITY'S ERP SYSTEM. A REPORT IS GENERATED FROM THE UNIVERSITY'S ERP SYSTEM DETAILING EACH STUDENT AND THEIR SPECIFIC AWARDS. THIS REPORT IS REVIEWED PERIODICALLY TO MONITOR FUNDS. PART III ACCOUNTING METHOD: LACROSSE GOLF TOURNAMENT 17850 13050 4800 5967 1041 ATHLETICS GOLF TOURNAMENT 42610 33345 9265 14259 60460 46395 14065 20226 1041 21267 -7202 1 COMPETITIVE SCHOLARSHIPS 1755 27725795 GRANTS IN AID 1274 8709203 HIGHER EDUCATION OPPORTUNITY PROGRAM (HEOP) 47 1349788 PART I, LINE 2: ALL UNIVERSITY SCHOLARSHIPS AND GRANTS ARE AWARDED THROUGH THE FINANCIAL AID PROCESS AND ARE RECORDED AS CREDITS ON THE STUDENTS' ACCOUNTS. THESE AWARDS HELP TO OFFSET THE COST OF TUITION, FEES AND ROOM AND BOARD. THE SCHOLARSHIPS AND GRANTS ARE TRACKED IN THE UNIVERSITY'S ERP SYSTEM AND MONITORED FOR COMPLIANCE WITHIN THE FINANCIAL AID OFFICE TO COMPLY WITH INTERNAL AND EXTERNAL REGULATIONS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 368617 0 0 0 97243 0 15250 0 15527 0 496637 0 0 0 PATRICK RICHEY FORMER VP FOR FINANCE AND ADMIN 229169 0 0 0 19767 0 17347 0 381 0 266664 0 0 0 DARRELL BELL VP FOR ADVANCEMENT 197633 0 0 0 960 0 9989 0 6046 0 214628 0 0 0 FRANK WILLIAMS FORMER VP FOR STRATEGIC ENROLLMENT M 184758 0 0 0 960 0 9794 0 12141 0 207653 0 0 0 ELIZABETH CRONIN FORMER VP OF MARKETING & COMMUNICATI 145867 0 0 0 12724 0 11273 0 5574 0 175438 0 0 0 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRATION 157011 0 0 0 960 0 10960 0 381 0 169312 0 0 0 ESPERANZA RONCERO FORMER COMMUNITY AND BELONGING SCHOL 162069 0 0 0 0 0 1664 0 381 0 164114 0 0 0 CATHERINE RASMUSSEN DEAN SCHOOL OF HEALTH AND HUMAN SERV 147235 0 0 0 0 0 10336 0 381 0 157952 0 0 0 KRISTEN GREEN INTERIM VP FOR FINANCE 127224 0 0 0 960 0 9764 0 14046 0 151994 0 0 0 ANDREA TALENTINO FORMER VP FOR ACADEMIC AFFAIRS 103192 0 0 0 17654 0 7212 0 348 0 128406 0 0 0 LISA DURANT-JONES FORMER VP FOR COMMUNITY & BELONGING 98202 0 0 0 14515 0 7925 0 330 0 120972 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIPS PROVIDED FOR BUSINESS USE. PART I, LINE 7 FRANK WILLIAMS RECEVIED A DEPENDENT TUITION BENEFIT VALUED AT $21,410 MAUREEN FINNEY RECEIVED A DEPENDENT TUITION BENEFIT VALUED AT $20,000 A MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TBE7 2011-08-04 23765000 NEW CONSTRUCTION OF A BUILDING AND REFUNDING OF 2004B BONDS 1 0 0 B COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY 161005429 610752EK9 2008-01-30 9030000 TO FINANCE CONSTRUCTION OF A BUILDING AND SITE IMPROVEMENTS 0 0 0 C MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TFT0 2013-06-13 13905000 REFUNDING OF SERIES 2001 1 0 0 D MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TTW8 2017-12-20 31645000 NEW CONSTRUCTION OF BUILDINGS AND REFUNDING OF 2011 BONDS 0 0 0 A 5805000 15355000 23542430 931722 647870 15000000 2012 0 0 1 1 B 2015000 9030000 335820 8567632 126548 2009 0 0 1 1 C 4060000 14625806 448626 518 2013 1 0 1 1 D 32800499 754213 16613043 829051 14603746 2019 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 JP MORGAN CHASE BANK 30.000000000000 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART II, LINE 3 COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - BOND ISSUE A, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE DISCOUNT ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE UNIVERSITY DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL B 01/30/2008 $9,030,000 COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY - CURRENTLY THE UNIVERSITY DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL C 6/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE UNIVERSITY DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL C 06/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE UNIVERSITY DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. ANNE MCCAFFREY TRUSTEE 185745 MS. MCCAFFREY IS ASSOCIATED WITH ULRICH SIGNS. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY WAS FOLLOWED AND RESULTED IN ULRICH SIGNS BEING SELECTED FOR THE PURCHASE OF A VIDEO SCOREBOARD FOR THE ATHLETIC STADIUM AND UPDATE CAMPUS SIGNAGE TO READ "NAZARETH UNIVERSITY" BY ONLY INDEPENDENT BOARD MEMBERS. 0 X 2299 FAIR MARKET VALUE X 11 167492 FAIR MARKET VALUE X TOBI DYNAVOX COMMUNICATION DEVICE 1 5000 FAIR MARKET VALUE X GIFT CARDS 3 326 VALUE OF GIFT CARD 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE COMPOSITION CONSISTS OF THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE UNIVERSITY, AND NO FEWER THAN TWO AND NO MORE THAN FOUR TRUSTEES ELECTED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL SERVE FOR A TERM OF ONE YEAR AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. ALL COMMITTEE MEMBERS ARE ON THE GOVERNING BOARD. SCOPE OF AUTHORITY - THE COMMITTEE SHALL HAVE THE POWER TO ACT WHEN THE BOARD IS NOT IN SESSION, AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN ALL MATTERS WHICH IN THE JUDGMENT OF THE EXECUTIVE COMMITTEE SHOULD NOT BE DELAYED UNTIL THE NEXT MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL MAKE A FORMAL REPORT OF ITS ACTIONS, IF ANY, TO THE BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION A, LINE 4 DURING FISCAL YEAR 2023, THE BYLAWS WERE UPDATED TO CHANGE THE INSTITUTIONS NAME FROM NAZARETH COLLEGE TO NAZARETH UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE GOVERNING BODY, REVIEWED THE 2022 FORM 990 IN DETAIL PRIOR TO ITS FILING. AFTER APPROVAL OF THE AUDIT COMMITTEE, BUT PRIOR TO FILING, ACCESS TO THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA SECURE PORTAL. AT THE SAME TIME, EACH TRUSTEE IS NOTIFIED THAT THE RETURN HAS BEEN MADE AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 14 WHILE VARIOUS DEPARTMENTS WITHIN THE UNIVERSITY HAVE SPECIFIC GUIDELINES THAT THEY FOLLOW RELATED TO DOCUMENT RETENTION AND DESTRUCTION, THERE IS NO INSTITUTION WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO THE TRUSTEES, OFFICERS, THE ASSISTANT SECRETARY TO THE BOARD AND THE SECRETARY TO THE UNIVERSITY. THE INFORMATION RECEIVED IS COMPILED, ANALYZED, MAINTAINED AND MONITORED BY THE PRESIDENT'S OFFICE. ALL RESULTS ARE FORWARDED TO THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE TRUSTEESHIP COMMITTEE, UNIVERSITY'S PRESIDENT, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ON A QUARTERLY BASIS THE CONTROLLER'S OFFICE REVIEWS ALL VENDOR PAYMENTS FOR CONFLICTS AND DISCLOSES REQUIRED ACTIVITY TO THE AUDIT COMMITTEE AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION SUB-COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, MEETS ANNUALLY TO REVIEW THE PRESIDENT'S PERFORMANCE AS COMPARED TO THE GOALS SET FORTH FROM THE PREVIOUS FISCAL YEAR. IN ADDITION, THE SUB-COMMITTEE'S RECOMMENDATIONS ALONG WITH DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT ARE SUBMITTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND ENDORSEMENT. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE RECOMMENDATIONS ARE CONSIDERED AND VOTED ON BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. COMPENSATION LEVELS FOR THE VICE PRESIDENTS OF THE UNIVERSITY ARE DETERMINED ANNUALLY BY THE PRESIDENT, WITH REVIEW AND ENDORSEMENT FROM THE EXECUTIVE COMMITTEE OF THE BOARD. INPUTS INCLUDE PERFORMANCE TO ANNUAL GOALS, AN OVERALL ASSESSMENT OF SIGNIFICANT CONTRIBUTIONS TO AND LEADERSHIP OF THE UNIVERSITY, AS WELL AS COMPETITIVENESS OF PAY RELATIVE TO COMPARABLE INSTITUTIONS. ON A PERIODIC BASIS, AN INDEPENDENT CONSULTANT IS ENGAGED TO REVIEW FOR EACH VICE PRESIDENT, TO PROVIDE COMPETITIVE MARKET INFORMATION, AND TO RECOMMEND ADJUSTMENTS FOR CONSIDERATION BY THE PRESIDENT AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A DURING THE TAX YEAR COVERED BY THIS FORM 990, NAZARETH UNIVERSITY EXPERIENCED TURNOVER IN CERTAIN OFFICER POSITIONS, KEY EMPLOYEE ROLES, AND AMONG HIGHLY COMPENSATED EMPLOYEES. IN ACCORDANCE WITH THE IRS INSTRUCTION FOR FORM 990, BOTH THE INDIVIDUALS WHO LEFT AND THEIR SUCCESSORS HAVE BEEN LISTED. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 259,050. CHANGE IN OBLIGATIONS OF POSTRETIREMENT BENEFIT PLAN 243,611. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO OVERSIGHT PROCESS OR SELECTION PROCESS RELATED TO INDEPENDENT AUDITORS DURING THE CURRENT YEAR.