2025-04-10T19:14:44-05:00 2024-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-07-01 941585735 GOLDEN GATE UNIVERSITY GOLD 4154427859 536 MISSION STREET SAN FRANCISCO CA 94105 DAVID FIKE PRESIDENT 4154427859 2025-03-24 1 0 MAGA E KISRIEV P01008919 4089988400 2025-03-25 2023 2025-03-06 01:10:19Z DAVID FIKE 536 MISSION STREET SAN FRANCISCO CA 94105 59129102 0 X WWW.GGU.EDU X 1923 CA TO CHANGE THE LIVES OF ADULT STUDENTS THROUGH PROFESSIONAL PRACTICE DEGREES AND CERTIFICATIONS. 9 9 769 23 0 0 3872049 4643041 48540512 39607251 -1403936 2327602 780556 180515 51789181 46758409 10281675 7893539 0 0 36577615 37725904 0 0 1716878 17570770 17921474 64430060 63540917 -12640879 -16782508 126943760 113105680 39836665 38772711 87107095 74332969 X GOLDEN GATE UNIVERSITY PREPARES INDIVIDUALS TO LEAD AND SERVE BY PROVIDING HIGH QUALITY, PRACTICE-BASED EDUCATIONAL PROGRAMS IN LAW, TAXATION, BUSINESS AND RELATED PROFESSIONS - AS A NONPROFIT INSTITUTION - IN AN INNOVATIVE AND CHALLENGING LEARNING ENVIRONMENT. 0 1 51179768 7893539 39695525 HIGHER EDUCATION IS THE UNIVERSITY'S SOLE MISSION AND PROGRAM. GGU OFFERS UNDERGRADUATE DEGREES IN BUSINESS AND MANAGEMENT, AND GRADUATE DEGREES IN LAW, TAXATION, BUSINESS AND RELATED PROFESSIONS THROUGH COURSES OFFERED IN SAN FRANCISCO AND ONLINE COURSES OFFERED THROUGHOUT THE UNITED STATES AND INTERNATIONALLY. FULL TIME ENROLLMENT (FTE) FOR THE ACADEMIC YEAR 2023-2024 WAS 5,057. 51179768 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 112 0 1 769 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL AR FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN VA WI WV X KEN TANZER 4154427859 536 MISSION ST SAN FRANCISCO CA 94105 MELINDA A DUNN CHAIR 1.00 X X 0 0 0 BARBARA MENDELSON CHAIR (THRU 3/12/24), TREASURER 1.00 X X 0 0 0 CHIP CONRADI VICE CHAIR/SECRETARY 1.00 X X 0 0 0 TRACEY EDWARDS TREASURER (THRU 4/30/24) 1.00 X X 0 0 0 RUSSELL COLOMBO TRUSTEE (THRU 3/21/24) 1.00 X 0 0 0 NICHOLAS DIRKS TRUSTEE 1.00 X 0 0 0 ROBERT H PATTERSON TRUSTEE 1.00 X 0 0 0 DEBRA PLOUSHA MOORE TRUSTEE (THRU 7/11/23) 1.00 X 0 0 0 FRANCIS RYU TRUSTEE 1.00 X 0 0 0 HILLIARD TERRY TRUSTEE (THRU 7/17/23) 1.00 X 0 0 0 NANCY TULLY TRUSTEE 1.00 X 0 0 0 BETTY YEE TRUSTEE 1.00 X 0 0 0 DIANE YU TRUSTEE 1.00 X 0 0 0 DAVID FIKE PRESIDENT 37.50 X 479716 0 48258 ELAINE CLARK VP FOR FINANCE & ADMIN AND CFO 37.50 X 345988 0 42274 BRENT WHITE PROVOST/VP OF ACAD AFF (THRU 6/15/23) 37.50 X 404493 0 14582 NATHANIEL HINERMAN DEAN, SCH OF UNDERGRADUATE STUDIES 37.50 X 244677 0 29888 COLIN CRAWFORD DEAN, SCHOOL OF LAW (THRU 6/30/23) 37.50 X 224918 0 18066 MARK YATES DEAN, SCHOOL OF LAW 37.50 X 216986 0 24214 HENRY TAYLOR VP UNIV ADVANCEMENT (THRU 2/2/24) 37.50 X 202321 0 31887 AMY MCLELLAN DEAN,BRADEN SCH TAX/ACCT(THRU 7/5/23) 37.50 X 185898 0 9893 COURTNEY BORTON CHIEF OF MKTG/VP, MKTG & ENROL MGMT 37.50 X 291748 0 17442 JOAQUIN GONZALES III DEAN, GGU WORLDWIDE/VP, GLOB AFF 37.50 X 226169 0 27603 CHRIS CARDILLO ASSOC DEAN, SCH OF UNDERGRAD STUDIES 37.50 X 205113 0 20123 ANGELA MELERO DIR IT OPS (THRU 2/2/24)/ADJ FACULTY 32.50 X 179024 0 40940 DAVID LAMANNA ASSOC VICE PROVOST FOR ACAD/STUDENT AFF 37.50 X 190324 0 24997 3397375 0 350167 90 0 1 0 CAROLINA ACADEMIC PRESS LLC 700 KENT ST DURHAM NC 27701 PROGRAM DEVELOPMENT, ADMIN & MARKETING 385094 ELLUCIAN COMPANY LLC 2003 EDMUND HALLEY DR SUITE 500 RESTON VA 20191 IT SOFTWARE & TECHNICAL SUPPORT 382725 TYTON PARTNERS CONSULTING LLC 75 FEDERAL STREET SUITE 200 BOSTON MA 02110 STRATEGY CONSULTING SERVICES 180000 K & M JANITORIAL 2055 SACRAMENTO ST 203 SAN FRANCISCO CA 94109 JANITORIAL SERVICES 142321 FARELLA BRAUN MARTEL LLP ONE BUSH STREET SUITE 900 SAN FRANCISCO CA 94104 LEGAL SERVICES 141157 9 322967 4320074 30871 4643041 TUITION AND FEES 611310 39607251 39607251 39607251 1570465 1570465 4697 4697 87544 0 87544 87544 87544 13127830 12370693 757137 757137 757137 SEOG/FWSP/PERKINS 611310 69277 69277 SERVICE FEES 900099 6312 6312 BOOKSTORE COMMISSION 900099 4220 4220 8465 8465 88274 46758409 39695525 0 2419843 7885589 7885589 7950 7950 1763091 626701 960055 176335 29162168 23487775 4843768 830625 1193979 957264 194607 42108 3373124 2497692 750382 125050 2233542 1771903 391294 70345 566497 566497 154770 154770 144905 144905 4372289 3220140 985155 166994 2031170 1988996 8138 34036 302750 155333 140006 7411 2307148 1163820 985934 157394 1510221 1372557 119321 18343 204968 166492 16352 22124 297937 222491 68092 7354 1008152 929019 66858 12275 2155272 1986096 142935 26241 1006004 924937 68846 12221 LIBRARY EXPENSES 1185175 1184707 468 BAD DEBT 544883 539883 5000 BANK CHARGES 52313 47139 2620 2554 FACULTY & STUDENT DEVEL 41696 41696 35324 1588 33736 63540917 51179768 10644271 1716878 4475113 2482550 27357813 13470437 289077 31104 5071149 5236341 880516 649870 808753 787287 113866319 73074360 42344057 40791959 40691372 43826587 4864867 5681310 161043 148235 126943760 113105680 6790042 7017299 66728 600434 25524401 24556057 6562155 6094176 893339 504745 39836665 38772711 X 45898697 30767863 41208398 43565106 87107095 74332969 126943760 113105680 -16782508 4008382 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 613 613 63395399 63396012 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 3778 9184 613 13575 250000 250000 250000 250000 1000000 1500000 46204562 20695 5737443 1652567 50310133 43299581 -87058 4709548 1717509 46204562 50637080 34360 -5405276 1966583 43299581 41389065 1309370 9929583 1990938 50637080 47681987 515791 639324 7448037 41389065 0.21372 0.46891 0.31737 0 0 1564305 1564305 80158798 42275143 37883655 7130966 7119302 11664 25012250 23679915 1332335 40791959 ALTERNATIVE INVESTMENTS 5072174 F SPLIT INTEREST TRUSTS 609136 F 5681310 UNCLAIMED PROPERTY LIABILITY 1672 US GOVERNMENT GRANT REFUNDABLE 11896 CHARITABLE REMAINDER TRUST RESERVE 209314 CAPITAL LEASE & OTHER LIABILITIES 259419 OPERATING LEASE LIABILITIES 22444 504745 X 42728347 4008382 -7893539 -3885157 46613504 144905 144905 46758409 55502473 0 55502473 144905 7893539 8038444 63540917 PART V, LINE 4: THE UNIVERSITY USES THE INCOME FROM THE ENDOWMENT FUND PRIMARILY FOR SCHOLARSHIPS ACCORDING TO THE DONOR'S RESTRICTION. SMALL AMOUNTS ARE ALSO USED FOR OPERATING EXPENSES AT DESIGNATED SCHOOLS WITHIN THE UNIVERSITY AND FOR FACULTY SUPPORT AS DESIGNATED BY THE DONOR. PART X, LINE 2: THE PRINCIPAL ACTIVITIES OF THE UNIVERSITY ARE EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF THE U.S. INTERNAL REVENUE CODE, SECTION 501(C)(3) AND THE CALIFORNIA REVENUE AND TAXATION CODE. THE UNIVERSITY HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAD CONCLUDED THAT AS OF JUNE 30, 2024, THE UNIVERSITY HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED TO EXPENSES -7,893,539. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECLASSIFIED TO EXPENSES 7,893,539. 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 NONDISCRIMINATORY DISCLOSURE STATEMENT IS CONTAINED IN OUT-REACH MATERIALS, COURSE SCHEDULES, THE CATALOG AND OUR WEBSITE. SCHEDULE E, PART I, LINE 6 GOLDEN GATE UNIVERSITY (GGU) ASSISTS ITS STUDENTS THROUGH THE OPERATION OF COMPREHENSIVE FINANCIAL AID PROGRAMS. THE FINANCIAL AID PROGRAMS INCLUDE A FEDERAL REVOLVING LOAN PROGRAM ADMINISTERED BY GGU. WHEN A STUDENT CEASES TO BE ENROLLED IN GGU (AND AFTER A GRACE PERIOD), THE STUDENT IS EXPECTED TO BEGIN MAKING PAYMENTS WITH THE ULTIMATE GOAL OF RETURNING THE LOAN FUNDS. UNDER AN AGREEMENT WITH THE FEDERAL GOVERNMENT, PORTIONS OF THE PRINCIPAL AND INTEREST DUE ON STUDENT NOTES RECEIVABLE MAY BE CANCELED UNDER CERTAIN CONDITIONS. GGU IS REIMBURSED BY THE FEDERAL GOVERNMENT FOR SUBSTANTIALLY ALL OF GGU'S PORTION OF THE CANCELLATIONS. IN ADDITION TO THE FUNDS RECEIVED UNDER THE REVOLVING LOAN PROGRAM, GGU RECEIVES DIRECTLY OR ACTS AS A PASS-THROUGH AGENT FOR A VARIETY OF FEDERAL AID PROGRAMS, INCLUDING LOANS AND GRANTS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5072174 NORTH AMERICA 0 0 GRANTMAKING 6900 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1050 0 0 0 0 0 0 5080124 0 5080124 SCHOLARSHIP NORTH AMERICA 2 6900 APPLIED TO TUITION SEOG GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 1 1050 ACH 1 0 1 1 0 0 PART I, LINE 2: INTERNATIONAL STUDENTS ARE TREATED THE SAME AS DOMESTIC STUDENTS. DURING FY 23-24, ALL FOREIGN NATIONAL F-1 VISA HOLDERS WHO RECEIVED INSTITUTIONAL FINANCIAL AID WERE PHYSICALLY PRESENT IN THE U.S. FOR THE TERM(S) COVERED BY THE AWARDS. ADDITIONALLY, 2 STUDENTS WERE REMOTE AND RECEIVED SCHOLARSHIP THAT WAS DIRECTLY APPLIED TO THEIR TUITION BALANCE. 1 STUDENT RECEIVED AN SEOG GRANT AND GGU'S PORTION (75%) WAS PAID TO THE STUDENT VIA ACH TO A US BANK ACCOUNT. 1 TUITION SCHOLARSHIPS 1134 7885589 PART I, LINE 2: GGU DISBURSES FUNDS FOR EDUCATIONAL PURPOSES WITHIN THE MEANING OF IRC SECTION 170(C)(2). DISBURSEMENTS TO INDIVIDUALS ARE AWARDS OF SCHOLARSHIPS TO QUALIFYING STUDENTS IN FURTHERANCE OF THEIR EDUCATIONAL PURSUITS. SEE GGU'S SCHOLARSHIP POLICY: HTTPS://GGU.EDU/ADMISSIONS/TUITION-AND-FINANCIAL-AID/ X X X 0 0 0 0 0 0 0 0 0 DAVID FIKE PRESIDENT 476170 0 0 0 3546 0 23100 0 25158 0 527974 0 0 0 BRENT WHITE PROVOST/VP OF ACAD AFF (THRU 6/15/23 303406 0 100000 0 1087 0 14195 0 387 0 419075 0 0 0 ELAINE CLARK VP FOR FINANCE & ADMIN AND CFO 295298 0 50000 0 690 0 21093 0 21181 0 388262 0 0 0 COURTNEY BORTON CHIEF OF MKTG/VP, MKTG & ENROL MGMT 240180 0 50000 0 1568 0 16823 0 619 0 309190 0 0 0 NATHANIEL HINERMAN DEAN, SCH OF UNDERGRADUATE STUDIES 244013 0 0 0 664 0 16887 0 13001 0 274565 0 0 0 JOAQUIN GONZALES III DEAN, GGU WORLDWIDE/VP, GLOB AFF 225363 0 0 0 806 0 15372 0 12231 0 253772 0 0 0 COLIN CRAWFORD DEAN, SCHOOL OF LAW (THRU 6/30/23) 197922 0 25000 0 1996 0 10927 0 7139 0 242984 0 0 0 MARK YATES DEAN, SCHOOL OF LAW 215613 0 0 0 1373 0 14360 0 9854 0 241200 0 0 0 HENRY TAYLOR VP UNIV ADVANCEMENT (THRU 2/2/24) 201725 0 0 0 596 0 0 0 31887 0 234208 0 0 0 CHRIS CARDILLO ASSOC DEAN, SCH OF UNDERGRAD STUDIES 204782 0 0 0 331 0 11021 0 9102 0 225236 0 0 0 ANGELA MELERO DIR IT OPS (THRU 2/2/24)/ADJ FACULTY 178807 0 0 0 217 0 12017 0 28923 0 219964 0 0 0 DAVID LAMANNA ASSOC VICE PROVOST FOR ACAD/STUDENT 189131 0 0 0 1193 0 13308 0 11689 0 215321 0 0 0 AMY MCLELLAN DEAN,BRADEN SCH TAX/ACCT(THRU 7/5/23 184557 0 0 0 1341 0 9463 0 430 0 195791 0 0 0 A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 2012-12-19 45770000 TO REFUND CEFA 2001 AND 2005; ACQUIRE, CONSTRUCT AND RENOVATE FACILITIES 0 0 0 A 10565000 45770000 47512 300000 7250789 38171699 2014 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 1 FIRST REPUBLIC SECURITIES 1.000000000000 1 1 A 1 X 3 30871 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 6: VOLUNTEERS AT GGU REPORTED INCLUDE MEMBERS OF THE BOARD OF TRUSTEES, DEANS' ADVISORY BOARDS, ALUMNI ASSOCIATION BOARD OF DIRECTORS, AND A FEW ADVISORY BOARDS FOR SPECIFIC AREAS AND CAMPUSES (E.G., GGU INTELLECTUAL PROPERTY LAW CENTER ADVISORY BOARD). FORM 990, PART III, LINE 3 IN NOVEMBER 2023, THE BOARD OF TRUSTEES VOTED TO DISCONTINUE THE UNIVERSITY'S ABA-ACCREDITED JURIS DOCTOR (JD) DEGREE, OFFERED A TEACH-OUT OPTION TO CURRENT JD STUDENTS AND STOPPED ADMITTING STUDENTS TO THE JD PROGRAM. THE ABA APPROVED THE TEACH-OUT PLAN IN FEBRUARY 2024. FORM 990, PART VI, SECTION B, LINE 11B GGU'S ACCOUNTING FIRM PREPARES THE FORM 990 FOR THE UNIVERSITY. THE CONTROLLER REVIEWS THE DRAFT RETURN AND SUBMITS IT TO THE CFO FOR REVIEW AND DISCUSSION. ANY QUESTIONS AND OUTSTANDING ISSUES ARE ADDRESSED WITH THE ACCOUNTING FIRM, AND REVISIONS ARE MADE AS NEEDED. THE FINAL DRAFT OF THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. COPIES OF THE FILED VERSION OF THE 990 AS WELL AS THE PUBLIC DISCLOSURE VERSION ARE KEPT ON FILE AT THE UNIVERSITY. THE PUBLIC DISCLOSURE VERSION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF HIS/HER ORIENTATION PACKAGE, EACH NEW MEMBER OF THE BOARD OF TRUSTEES RECEIVES A COPY OF THE GOLDEN GATE UNIVERSITY CONFLICT OF INTEREST POLICY, ACCOMPANIED BY THE CONFLICT OF INTEREST POLICY QUESTIONNAIRE. PRIOR TO THE NEW TRUSTEE'S INDUCTION INTO THE BOARD, HE OR SHE SIGNS AND DATES THE FORM, AND SUBMITS IT TO THE SECRETARY OF THE BOARD FOR INCLUSION IN BOARD RECORDS. EACH YEAR, ALL TRUSTEES COMPLETE AN UPDATED CONFLICT OF INTEREST POLICY QUESTIONNAIRE, WHICH IS SUBMITTED IT TO THE SECRETARY OF THE BOARD FOR INCLUSION IN BOARD RECORDS. BOARD MEMBERS WHO FAIL TO SUBMIT AN UPDATED QUESTIONNAIRE MAY BE SUBJECT TO EXPULSION FROM GOLDEN GATE UNIVERSITY'S BOARD OF TRUSTEES. IF A CONFLICT IS BELIEVED TO EXIST, THE BOARD OF TRUSTEES OR ITS COMMITTEES WILL RESOLVE THE QUESTION IN THE ABSENCE OF THE POTENTIALLY INTERESTED PERSON. IF A CONFLICT EXISTS, THE TRUSTEE SHALL ABSTAIN FROM VOTING ON SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. EACH NEW FULL-TIME EMPLOYEE WILL RECEIVE, IN HIS OR HER ORIENTATION PACKAGE, A COPY OF THE GOLDEN GATE UNIVERSITY CONFLICT OF INTEREST POLICY ACCOMPANIED BY THE CONFLICT OF INTEREST POLICY QUESTIONNAIRE. THE NEW EMPLOYEE WILL SIGN AND DATE THE QUESTIONNAIRE WITHIN 30 DAYS OF HIS OR HER DATE OF HIRE AND SUBMIT IT TO THE HUMAN RESOURCES DEPARTMENT. THE QUESTIONNAIRE WILL BE FILED IN THE EMPLOYEE'S OFFICIAL PERSONNEL FILE MAINTAINED BY THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE WILL ADMINISTER THIS EXECUTIVE COMPENSATION POLICY BY: -ASSESSING THE NATURE AND SCOPE OF EACH OFFICER POSITION -ASSESSING THE BASIS FOR WHICH COMPENSATION IS PAID TO INDIVIDUALS HOLDING SUCH POSITIONS INCLUDING UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, EXCEPTIONAL PERFORMANCE, ADDITIONAL DUTIES AND ABILITIES, AND CHALLENGES FACING THE ORGANIZATION THAT REQUIRE THE USE OF SUCH ATTRIBUTES OR SKILLS -OBTAINING APPROPRIATE AND COMPARABLE COMPENSATION MARKET DATA INCLUDING DATA FROM THE FOLLOWING: - SIMILARLY SITUATED ORGANIZATIONS, BOTH FOR-PROFIT AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS - THE AVAILABILITY OF SIMILAR SPECIALTIES IN THE GEOGRAPHIC AREA - INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS VICE PRESIDENTS - THE BOARD OF TRUSTEES AUTHORIZES THE PRESIDENT TO ESTABLISH COMPENSATION RECOMMENDATIONS FOR THE PROVOST/VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE CHIEF FINANCIAL OFFICER/VICE PRESIDENT OF BUSINESS AFFAIRS BASED ON HIS ASSESSMENT OF EACH INDIVIDUAL'S PERFORMANCE AND SCOPE OF THE POSITION AND COMPARABLE COMPENSATION MARKET DATA AS DESCRIBED ABOVE. THE EXECUTIVE COMMITTEE OF THE BOARD WILL THEN MEET WITH THE PRESIDENT TO DISCUSS AND REVIEW HIS RECOMMENDATIONS, AND APPROVE, REQUEST ADDITIONAL INFORMATION OR AMEND THE RECOMMENDATION ON THE BASIS OF THEIR DISCUSSIONS. PRESIDENT - THE EXECUTIVE COMMITTEE MEETS INDEPENDENT OF THE PRESIDENT TO DISCUSS PERFORMANCE RELATIVE TO THE POSITION DESCRIPTION. DURING THESE DELIBERATIONS, THE COMMITTEE ALSO CONSIDERS INPUT OBTAINED FROM OTHER BOARD MEMBERS, STAFF, FACULTY, AND OTHER INFORMED COMMUNITY LEADERS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO ANNUAL BENCHMARK AND ESTABLISHED OBJECTIVES. THE COMMITTEE PRESENTS ITS FINDINGS AND RECOMMENDATIONS, IN AN EXECUTIVE SESSION WITHOUT THE PRESIDENT PRESENT, TO THE FULL BOARD FOR REVIEW AND APPROVAL. THE COMMITTEE AND/OR THE BOARD CHAIR (A MEMBER OF THE COMMITTEE) THEN MEET WITH THE PRESIDENT TO DISCUSS AND DOCUMENT STRENGTHS, WEAKNESSES, AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR IS ALSO DISCUSSED AND DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO THE OFFICE OF THE CFO. IN ADDITION WE PROVIDE OUR AUDITED FINANCIAL STATEMENTS TO OUR BOND TRUSTEE AND THE U.S. DEPARTMENT OF EDUCATION. CHARITABLE REMAINDER TRUST (3) INVESTMENTS CA GOLDEN GATE UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0