2025-05-12T13:46:55-07:00 2024-06-30 990 2023-07-01 540506314 HOLLINS UNIVERSITY CORPORATION HOLL 5403626630 7916 WILLIAMSON ROAD BOX 9658 Roanoke VA 24019 Kerry Edmonds EVP/Chief Operating Officer 5403626630 2025-05-15 1 2023 2025-03-06 01:10:19Z Kerry Edmonds 7916 Williamson Road Box 9658 Ronaoke VA 24020 302596492 0 X WWW.HOLLINS.EDU X 1842 VA OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY 24 23 1010 5 60605 0 7934996 15356847 39283881 38507273 14893772 15156430 607436 905953 62720085 69926503 22197729 21973963 0 0 912864 24116108 0 0 1070319 38971996 19481814 62082589 65571885 637496 4354618 364721259 387989978 5010884 5454065 359710375 382535913 HOLLINS UNIVERSITY IS AN INDEPENDENT LIBERAL ARTS UNIVERSITY DEDICATED TO ACADEMIC EXCELLENCE AND HUMANE VALUES. HOLLINS UNIVERSITY OFFERS UNDERGRADUATE LIBERAL ARTS EDUCATION FOR WOMEN, SELECTED GRADUATE PROGRAMS FOR MEN AND WOMEN, AND COMMUNITY OUTREACH INITIATIVES. THE HOLLINS COMMUNITY SUSTAINS TALENTED STUDENTS ENGAGED IN CHALLENGING STUDY, AND PRODUCTIVE SCHOLARS AND ARTISTS DEVOTED TO TEACHING AND TO THE ADVANCEMENT OF KNOWLEDGE. THE HALLMARKS OF A HOLLINS EDUCATION ARE CREATIVITY AND EFFECTIVE SELF-EXPRESSION, PROBLEM SOLVING AND CRITICAL THINKING SKILLS, AND INDEPENDENT INQUIRY AND THE FREE EXCHANGE OF IDEAS. OUR UNIVERSITY MOTTO, LEVAVI OCULOS, CALLS US TO LEADERSHIP AND SERVICE IN ACCORD WITH THE HOLLINS VALUES AND TRADITIONS. 0 0 55543808 21973963 38507273 HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT. 0 0 0 55543808 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 150 0 1 1010 1 1 1 1 FR 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X KERRY EDMONDS 5403626343 7916 WILLIAMSON ROAD BOX 9658 Roanoke VA 24019 MARY HINTON PRESIDENT 37.5 0 X 471401 0 18098 KERRY EDMONDS EXECUTIVE VICE PRESIDENT-COO 37.50 0 X 267644 0 13211 LAURA MCLARY PROVOST 37.50 0 X 201814 0 8902 ANITA WALTON VP ADVANCEMENT 37.5 0 X 197369 0 3812 ASHLEY BROWNING VP FOR ENROLLMENT MANAGEMENT 37.50 0 X 161166 0 18041 SUZANNE MINK SENIOR PHILANTHROPIC ADVISOR 37.50 0 X 157019 0 6891 BILLY FAIRES EXECUTIVE DIRECTOR, MARKETING & COMMUNICATION 37.50 0 X 126899 0 17941 STEVEN LAYMON VP, GRADUATE PROGRAMS & CONT STUDIES 37.50 0 X 137917 0 6322 SHEYONN BAKER SECRETARY OF THE BOARD 37.50 0 X 58938 0 6683 CYNTHIA HALE BOARD VICE CHAIR 3 0 X 0 0 0 ALEXANDRA TROWER TRUSTEE 3 0 X 0 0 0 LUCY DAVIS HAYNES TRUSTEE 3 0 X 0 0 0 ELIZABETH KOLMSTETTER TRUSTEE 3 0 X 0 0 0 SANDRA KOLB TRUSTEE 3 0 X 0 0 0 DUDLEY MACFARLANE TRUSTEE 3 0 X 0 0 0 NATASHA TRETHEWEY TRUSTEE 3 0 X 0 0 0 LESLIE DUNNE KETNER TRUSTEE 3 0 X 0 0 0 SAVON SHELTON SAMPSON TRUSTEE 3 0 X 0 0 0 DEBRA MEADE BOARD CHAIR 3 0 X 0 0 0 PATRICIA BARMEYER TRUSTEE 3 0 X 0 0 0 CALLIE GRANADE TRUSTEE 3 0 X 0 0 0 PAUL HOLLINGSWORTH TRUSTEE 3 0 X 0 0 0 JOHN POULTON TRUSTEE 3 0 X 0 0 0 JANET NICHOLSON TRUSTEE 3 0 X 0 0 0 ANNE LINDBLAD TRUSTEE 3 0 X 0 0 0 CYNDA ANN JOHNSON TRUSTEE 3 0 X 0 0 0 SABRINA ROSE-SMITH TRUSTEE 3 0 X 0 0 0 KAREN RABENAU TRUSTEE 3 0 X 0 0 0 C LAROY BRANTLEY TRUSTEE 3 0 X 0 0 0 ELLEN GOLDSMITH-VEIN TRUSTEE 3 0 X 0 0 0 KRISTEN HENSAW TRUSTEE 3 0 X 0 0 0 KAY KENDALL TRUSTEE 3 0 X 0 0 0 TAMINA MCMILLAN TRUSTEE 3 0 X 0 0 0 MARY FLYNN NIEMITZ TRUSTEE 3 0 X 0 0 0 1780167 0 99901 17 0 1 0 MERIWETHER GODSEY INC 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES 2686760 Collegiate Clean Energy LLC 2250 Dabney Road Richmond VA 23230 Energy management services 1022187 Avis Construction Company inc 521 Rutherford Ave NE Roanoke VA 24016 Construction Services 918991 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 021102112 INVESTMENT MANAGEMENT 784320 Barrows 3801 Blue Ridge Dr SW Roanoke VA 24018 furniture 736450 28 0 0 0 0 552312 14804535 4796340 15356847 Tutition & Fees 611310 30152929 30152929 0 0 Student Housing 611310 5175651 5175651 0 0 Student Dining 611310 3164141 3164141 0 0 14552 10839 3713 0 38507273 2842483 0 0 2842483 0 0 0 0 44179 0 0 44179 93272 0 0 0 93272 0 93272 0 0 93272 244909211 0 232595264 0 12313947 0 12313947 0 0 12313947 0 131617 74725 56892 0 56892 0 FEES & ADMISSIONS 611310 468521 468521 0 0 243089 243089 0 0 711610 69926503 39215170 60605 15293881 0 0 20601009 20601009 1372954 1372954 0 0 1141503 376377 557325 207801 89225 89225 0 0 17499058 14318807 2843051 337200 1128250 946930 158059 23261 2961154 2369950 513863 77341 1296918 1025569 234166 37183 871534 0 871534 0 130241 0 130241 0 66201 0 66201 0 1321 0 0 1321 0 0 1210882 0 1210882 0 1746645 1379850 315444 51351 116876 92332 21108 3436 1458462 1152185 263398 42879 1245091 983622 224863 36606 0 0 0 0 2293106 1811554 414135 67417 1242077 981241 224319 36517 0 0 0 0 267278 211150 48270 7858 0 0 0 0 0 0 0 0 2731496 2157882 493308 80306 618637 488723 111726 18188 OTHER - DINING PROVIDER 2808279 2808279 0 0 OTHER - STUDY ABROAD 746260 746260 0 0 OTHER - REPAIRS AND MANTENANCE 636476 502816 114948 18712 OTHER - HORSE CARE 257335 257335 0 0 1033617 869758 140917 22942 65571885 55543808 8957758 1070319 19544731 19652375 0 41624598 13928318 2349132 2069506 0 0 0 0 382010 286671 0 0 0 0 133758837 85176947 46478911 48581890 81092802 206132581 173043047 97199183 0 0 0 0 206028 139454 364721259 387989978 2360187 2996193 0 0 1926196 1897428 0 0 0 0 0 0 0 0 0 0 724501 560444 5010884 5454065 X 58592008 58328541 301118367 324207372 359710375 382535913 364721259 387989978 4354618 18470920 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1321 1321 0 Schedule C, Part II-B, Line 1 THE UNIVERSITY IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINA (CICV), WHICH IS AN ASSOCIATION OF 27 VIRGINA INDEPENDENT COLLEGES AND UNIVERSITIES. THE CICV WORKS TO PROMOTE THE INTERESTS OF NON-PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINA. CICV COORDINATES THE ADVOCACY OF VIRGINA'S INDEPENDENT COLLEGES FOR INCREASED FUNDING FOR THE STATE'S TUTITION ASSISTANCE GRANT (TAG) AND OTHER PROGRAMS ASSISTING STUDENTS AT INDEPENDENT COLLEGES. CICV ALSO MONITORS LEGISLATIVE AND REGULATORY ACTIONS WHICH AFFECT VIRGINA PRIVATE COLLEGES. IN FISCAL YEAR 2023-2024, THE UNIVERSITY PAID $12,062 IN MEMBERSHIP DUES WHICH WAS BASED UPON STUDENT POPULATION. THE CICV CACULATED A GOOD FAITH ESTIMATE OF THE PERCENTAGE OF MEMBERSHIP DUES THAT WILL BE USED FOR LOBBYING DURING FISCAL YEAR 2023-2024 AS 10.95%. 9000 0 X X X 1 291326859 5504475 32385151 5388683 10447095 784320 312596387 280194280 2197189 24440969 4895817 9622802 986960 291326859 236837083 75691873 -19169861 4140270 8190095 834450 280194280 193389959 3171831 53787412 4306893 8470865 734361 236837083 204669363 1330040 -194648 3770342 8114761 529693 193389959 0.038 0.779 0.183 0 0 1784563 0 1784563 96358388 0 57907133 38451255 4938111 0 3813743 1124368 26067769 0 23456071 2611698 4610006 0 0 4610006 48581890 OTHER ALTERNATIVE INVESTMENTS 97199183 F 97199183 0 Liability under charitable gift annuity and trust agreements 216591 US Government grants refundable 200409 Finance Lease liability 143444 560444 X 88397423 18470920 0 0 0 18470920 69926503 0 0 0 69926503 65571885 0 0 0 0 0 65571885 0 0 0 65571885 Schedule D, Part III, Line 1 HOLLINS UNIVERSITY DOES NOT HAVE A FOOTNOTE IN ITS FINANCIAL STATEMENTS REGARDING THE ELECTION UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET ITS COLLECTIONS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS, BECAUSE OF MATERIALITY. Schedule D, Part III, Line 4 THE MUSEUM HOUSES A DEDICATED PERMANENT COLLECTION AND EDUCATIONAL RESOURCE CENTER, WHICH IS AVAILABLE TO STUDENTS, TEACHERS, AND OTHER PATRONS WHO ARE INTERESTED IN FURTHERING THEIR STUDY OF ART IN THE MUSEUM'S PERMANENT COLLECTION. IT ALSO FUNCTIONS AS A SMALL EDUCATIONAL CENTER FOR GROUPS AND CLASSES, PROVIDING A FORUM FOR DISCUSSION, WORKSHOPS, AND PROJECTS BASED ON EXHIBITIONS. Schedule D, Part V, Line 4 THE UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR SCHOLARSHIPS, STUDY ABROAD OPPORTUNITIES, CAPITAL IMPROVEMENTS, FACULTY COMPENSATION, FACULTY AND STUDENT RESEARCH AND OTHER OPERATING NEEDS BASED ON BOARD APPROVED SPENDING. Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501 C 3 OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE UNIVERSITY'S RESULTS OF ACTIVITIES. THE FEDERAL FORMS 990 OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 HOLLINS UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS OWN WEBSITE AND IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENTS ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. HOLLINS UNVIERSITY THEREFORE SATISFIES THE PUBLICITY REQUIREMENTS AS SET FORTH IN REV PROC 75-50. Schedule E, Part I, Line 6 HOLLINS UNIVERSITY RECEIVES ASSISTANCE FROM GOVERNMENT AGENCIES FOR STUDENT ASSISTANCE PROGRAMS. THE FOLLOWING IS A LIST OF THESE GOVERNMENT GRANTS RECEIVED - SEOG, FEDERAL COLLEGE WORKSTUDY, PELL GRANT PROGRAM, TEACH GRANT, VIRGINA TUTITION ASSISTANCE GRANT, VIRGINA COLLEGE SCHOLARSHIP ASSISTANCE, AND VIRGINA TRANSFER GRANT. North America (including Canada and Mexico, but not the United States) 0 0 Program Services SOFTWARE 15120 0 0 15120 STUDY ABROAD SCHOLARSHIP South Asia 22 719278 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLARSHIP East Asia and the Pacific 7 246206 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLARSHIPS Sub-Saharan Africa 5 161841 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLARSHIPS Central America and the Caribbean 4 133759 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLASRHIP North America (including Canada and Mexico, but not the United States) 1 39980 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLARSHIP Europe (including Iceland and Greenland) 1 36480 STUDENT ACCOUNT 0 NA STUDY ABROAD SCHOLARSHIPS Middle East and North Africa 1 35410 STUDENT ACCOUNT 0 NA 0 0 0 0 0 0 1 SCHOLARSHIPS/GRANTS APPLIED TO TUTITION 776 20601009 0 NA Schedule I, Part I, Line 2 GRANTS AND ASSISTANCE IN FURTHERANCE OF THE UNIVERSITY'S EXEMPT PROGRAMS ARE MADE TO DOMESTIC STUDENTS IN ACCORDANCE WITH ESTABLISHED PROCEDURES OR ARE SUBJECT TO CONDITIONS ESTABLISHED BY THE UNIVERSITY TO ENSURE THAT INDIVIUDALS RECEIVING GRANTS ARE ADEQUATELY INVESTIGATED TO ENSURE THEY ARE QUALIFING RECIPEIENTS. SUCH AWARDS ARE MADE ONLY TO THE EXTENT OF THE COST OF EDUCATION. FURTHER RECIPENTS ARE JUDGED WORTHY BY THE INSTUTITION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. THE SCHOLARSHIPS AND GRANTS ARE CREDITED DIRECTLY TO THE STUDENTS ACCOUNT AND THE STUDENTS DO NOT HAVE DIRECT ACCESS TO THE FUNDS FOR ANY OTHER USE. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 MARY HINTON PRESIDENT 387625 0 0 0 83776 0 30000 0 18098 0 519499 0 0 0 KERRY EDMONDS EXECUTIVE VICE PRESIDENT-COO 258793 0 0 0 8850 0 55000 0 13211 0 335854 0 0 0 LAURA MCLARY PROVOST 191370 0 0 0 10444 0 9812 0 8902 0 220528 0 0 0 ANITA WALTON VP ADVANCEMENT 197369 0 0 0 3812 0 0 0 6679 0 207860 0 0 0 ASHLEY BROWNING VP FOR ENROLLMENT MANAGEMENT 160400 0 0 0 766 0 12725 0 18041 0 191932 0 0 0 SUZANNE MINK SENIOR PHILANTHROPIC ADVISOR 156401 0 0 0 618 0 8128 0 6891 0 172038 0 0 0 BILLY FAIRES EXECUTIVE DIRECTOR, MARKETING & COMMUNICATION 126810 0 0 0 88 0 6719 0 17941 0 151558 0 0 0 STEVEN LAYMON VP, GRADUATE PROGRAMS & CONT STUDIES 137290 0 0 0 526 0 6974 0 6322 0 151112 0 0 0 Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED HOUSING AND HOUSEKEEPING SERVICES. TRAVEL IS PAID FOR THE PRESIDENT'S HUSBAND FOR BONA FIDE BUSINESS PURPOSES. CERTAIN FRINGE BENEFITS PROVIDED TO THE PRESIDENT AND EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER INCLUDE GROSS-UP PAYMENTS FOR RELATED TAXES PAID BY THE UNIVERSITY ON THEIR BEHALF. THE VICE-PRESIDENT OF ACADEMIC AFFAIRS IS PROVIDED HOUSING ONLY. THE PRESIDENT AND VICE-PRESIDENT OF ACADEMIC AFFAIRS ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. Schedule J, Part I, Line 3 SEE SCHEDULE O EXPLANATION FOR PART VI, SECTION B, LINE 15 Schedule J, Part I, Line 4 THE UNIVERSITY HAS A SUPPLEMENTAL DEFERRED COMPENSATION AGREEMENT FOR THE EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER, WHICH IS AN INELIGIBLE DEFERRED COMPENSATION PLAN FOR PURPOSES OF SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY CONTRIBUTED $25,000 FOR CALENDAR YEAR , WHICH IS NOT PAYABLE UNTIL AFTER THE VESTING DATE OF JUNE 30, 2026. JEFFERY WHITE FAMILY MEMBER OF KEY EMPLOYEE 89225 COMPENSATION & BENEFITS 0 Schedule L, Part IV RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION IS JEFFERY WHITE IS THE FAMILY MEMBER OF A KEY EMPLOYEE X 2 9000 FMV X 3500 FMV X 83 4782339 FMV X RIDING EQUIPMENT 2 3501 FMV 0 0 0 0 Form 990, Part VI, Section A, Line 2 RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF KEY EMPLOYEE. DESCRIPTION OF TRANSACTION: COMPENSATION FROM EMPLOYMENT AT UNIVERSITY. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING AND A COPY OF THE FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE FILING. Form 990, Part VI, Section B, Line 12c THE SECRETARY TO THE BOARD OF TRUSTEES DISTRIBUTES THE CONFLICT-OF-INTEREST ANNUAL DISCLOSURE STATEMENTS TO THE TRUSTEES AND THE HUMAN RESOURCES OFFICE DISTRIBUTES THE STATEMENST TO COVERED EMPLOYEES IN THE FALL AND EACH IS RESPONSIBLE FOR ENSURING THAT ALL DISTRIBUTED STATEMENTS ARE COMPLETED AND RETURNED TO THEIR RESPECTIVE OFFICES. WHEN A STATEMENT IS RECEIVEED THAT IDENTIFIES A POTENTAIL CONFLICT THE EXECUTIVE VICE PRESIDENT (EVP) CHIEF OPERATING OFFICER (COO) IS NOTIFIED, WITH A COPY TO THE PRESIDENT AND CHAIR OF THE BOARD OF TRUSTEES IF IT INVOLVES A TRUSTEE. THE EVP COO THEN REPORTS TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND DISCLOSURES MADE ON THE STATEMENTS AND THE AUDIT COMMITTEE DETERMINES IF THERE ARE ANY POTENTIAL CONFILICTS AND IF SO, APPRORIATE RESOLUTIONS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. Form 990, Part VI, Section B, Line 15 HOLLINS UNIVERSITY PARTICIPATES IN THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) ADMINISTRATIVE COMPENSATION SURVEY. THE CUPA-HR SALARY SURVEY PROVIDES THE UNIVERSITY ACCESS TO THE MOST COMPREHENSIVE COMPARABLE SALARY DATA BY ADMINISTRATIVE POSITION IN HIGHER EDUCATION. IN THE 2023 TAX YEAR, THE EVP COO GATHERED COMPARABLE DATA FOR THE PRESIDENT'S POSITION AND SENIOR LEADERSHIP POSITIONS USING TWO KEY COMPARISON GROUPS: (A) TWENTY-ONE (21) OF THE COUNCIL OF INDEPENDENT COLEGES OF VIRIGINA (CICV) INSTUTITIONS THAT PARTIPCATED IN THE CUPA-HR SURVEY AND (B) ELEVEN (11) OF THE SMALLER, PRIVATE LIBERAL ARTS COLLEGES INOUR REGION, THE SURVEY PROVIDES THE AVERAGE, MEDIAN, MINIMUM, MAXIMUM AND ADDITIONAL PERCENTILES. ADDITIONALLY, COMPARITIVE DATA FROM THE YAFEE EXECUTIVE COMPENSATION SURVEY FOR LIBERAL ARTS INSTUTIIONS WAS USED DURING 2023 TAX YEAR. THE DATA IS SEGEMENTAED BASED UPON STUDENT ENROLLMENT, ENDOWMENT AND OPERATING BUDGET. THE COMPAREABLE SALARY DATA FOR THE PRESIDENT'S POSITION IS PROVIDED TO THE CHAIR OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS A PERFORMANCE REVIEW OF THE PRESIDENT ANNUALLY. THE CHAIR SHARES THE SALARY DATA WITH THE EXECUTIVE COMMITTEE AND TAKING INTO CONSIDERATION THE PREFORMANCE REVIEW OF THE PRESIDENT, THE CHAIR AND THE EXECUTIVIE COMMITTEE SET THE COMPENSATION LEVEL FOR THE PRESIDENT FOR THE YEAR. THE COMPAREABLE DATA FOR THE SENIOR LEADERSHIP POSITIONS IS PROVIDED TO THE PRESIDENT. THE PRESIDENT CONDUCTS PERFORMANCE REVIEWS OF THE SENIOR LEADERS ANNUALLY. TAKING INTO CONSIDERATION THE PREFORMANCE OF THE INDIVIUDALS AND EVALUATING THE COMPARABLE SALARY DATA, THE PRESIDENT SETS THE COMENSATION LEVEL FOR THE SENIORS LEADERSHIP FOR THE YEAR. Form 990, Part VI, Section C, Line 18 HARD COPIES OF THE UNIVERSITY'S FROM 990 ARE KEPT ON FILE FOR PUBLIC REVIEW. IN ADDITION, THE UNIVERSITY'S FORM 990 IS AVAILBLE ON THE WEBSITE OF GUIDESTAR USA, INC AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Section C, Line 19 HARD COPIES OF THE UNIVERSITY'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE KEPT ON FILE FOR PUBLIC REVIEW.