2023-04-25T09:14:08-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-07-01 231413680 SALUS UNIVERSITY SALU 2157801400 8360 OLD YORK ROAD ELKINS PARK PA 19027 DONALD C KATES VP FINANCE 2157801400 2023-04-20 1 DONALD KATES 999009999 LAURA J KENNEY P00202198 6177170831 2023-04-20 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR MICHAEL H MITTELMAN 8360 OLD YORK ROAD ELKINS PARK PA 19027 56636763 0 X WWW.SALUS.EDU X 1919 PA ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES 19 17 898 20 0 0 4667979 5269988 48119834 48248274 72912 52854 1102741 1429239 53963466 55000355 2202233 5858709 0 0 33916496 33202936 64000 8000 580168 15466184 16706938 51648913 55776583 2314553 -776228 71855290 71273054 44924068 43197194 26931222 28075860 THE MISSION OF SALUS UNIVERSITY IS TO ADVANCE INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES. 0 0 36303641 5858709 45836633 POST GRADUATE PROGRAM: SALUS UNIVERSITY IS A POST GRADUATE EDUCATIONAL INSTITUTION. THE UNIVERSITY PROGRAMS LEAD TO DOCTORAL DEGREES IN OPTOMETRY, AUDIOLOGY AND OCCUPATIONAL THERAPY, A PHD IN BIOMEDICINE, AND MASTER'S DEGREES IN MEDICAL SCIENCE, OCCUPATIONAL THERAPY, SPEECH AND LANGUAGE, LOW VISION REHABILITATION AND OTHERS. THE UNIVERSITY ENROLLED 1,375 STUDENTS. DURING THE YEAR 391 STUDENTS EARNED DEGREES, 26 EARNED CERTIFICATIONS, AND 26 STUDENTS COMPLETED NON-DEGREE STUDIES. 7480679 0 2586995 CLINICAL PROGRAM: THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 700 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDED EYE CARE, EAR CARE AND SPEECH AND LANGUAGE REHABILITATION TO OVER 40,000 PATIENTS. 1221238 0 0 RESEARCH PROGRAM: THE UNIVERSITY RECEIVES FEDERAL, STATE AND PRIVATE GRANTS TO SUPPORT BASIC RESEARCH, CLINICAL RESEARCH, SPECIALIZED TRAINING AND STUDENT FINANCIAL AID. THESE AMOUNTS ARE EXPENDED PURSUANT TO THE GRANT AGREEMENT. 45005558 1 1 0 1 0 0 0 0 0 1 1 0 1 0 1 1 0 1 1 0 1 0 1 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 234 0 1 898 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X DONALD C KATES 2157801240 8360 OLD YORK ROAD ELKINS PARK PA 19027 DR MICHAEL H MITTELMAN PRESIDENT 45.00 1.00 X X 384809 0 37535 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 35.00 0.00 X 295394 0 38344 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 35.00 0.00 X 287197 0 35554 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 45.00 0.00 X 269422 0 47491 DR MITCHELL SCHEIMAN DEAN RESEARCH 35.00 0.00 X 269823 0 31258 MR DONALD C KATES VP FINANCE 45.00 1.00 X 223072 0 42001 DR JAMES KONOPACK DEAN EDUCATION AND REHABILITATION 35.00 0.00 X 227290 0 29937 DR MARIA L PARISI FACULTY 35.00 0.00 X 219518 0 25839 MR JOHN GAAL VP CLINIC OPERATIONS 45.00 0.00 X 189903 0 26763 MR BRIAN D ZUCKERMAN ESQ GENERAL COUNSEL 45.00 0.00 X 165779 0 41320 DR JAMIE AE NEIMAN TRUSTEE/INSTRUCTOR 1.00 0.00 X 117874 0 11616 MR CHASE SERENO TRUSTEE 1.00 0.00 X 253 0 0 MS REBECCA DELIA CHAIR 1.00 1.00 X X 0 0 0 DR DANIEL ABRAMOWICZ VICE CHAIR 1.00 1.00 X X 0 0 0 DR CRAIG CASSEY SECRETARY 1.00 1.00 X X 0 0 0 MS EMILY TURNER TREASURER FEB 2022, TRUSTEE 1.00 1.00 X X 0 0 0 DR DERRICK ARTIS TRUSTEE 1.00 0.00 X 0 0 0 DR THOMAS BEEMAN TRUSTEE 1.00 0.00 X 0 0 0 MR CHRISTOPHER DEZZI TRUSTEE 1.00 0.00 X 0 0 0 MR READE FAHS TRUSTEE 1.00 0.00 X 0 0 0 MS CAROLYN FORCINA TRUSTEE 1.00 1.00 X 0 0 0 MR KEITH D IGNOTZ TRUSTEE 1.00 1.00 X 0 0 0 MS KATHLEEN KINSLOW TRUSTEE 1.00 0.00 X 0 0 0 MS JOYCE KOH TRUSTEE 1.00 1.00 X 0 0 0 MS DANA MATTINGLY TRUSTEE 1.00 0.00 X 0 0 0 MS SARA MITCHELL TRUSTEE 1.00 0.00 X 0 0 0 MS MICHELE PALOS-SAMSI TRUSTEE 1.00 0.00 X 0 0 0 MS SHANNON TORNOE TRUSTEE 1.00 0.00 X 0 0 0 MS JO SURPIN TRUSTEE TO DEC 2021 1.00 1.00 X 0 0 0 MR JAMES BRAND TRUSTEE TO JAN 2022 1.00 0.00 X 0 0 0 MS ADRIENNE PHILLIPS TRUSTEE TO JAN 2022 1.00 0.00 X 0 0 0 MS TERRI ALBERTSON TREASURER TO FEB 2022 1.00 1.00 X X 0 0 0 2650334 0 367658 101 0 1 0 PATRIOT CONSTRUCTION INC 950 CALCON HOOK ROAD SUITE 25 SHARON HILL PA 19075 CONSTRUCTION SERVICES 1455042 EDA CONTRACTORS INC 633 DUNKSFERRY ROAD UNIT A BENSALEM PA 19020 CONSTRUCTION SERVICES 538768 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 DINING MANAGEMENT SERVICES 377776 NEXTGEN HEALTHCARE PO BOX 80939 CHICAGO IL 60680 SOFTWARE FOR CLINICS 375491 EB O'REILLY SERVICING CORPORATION 23 W HIGHLAND AVENUE PHILADELPHIA PA 19118 CONSTRUCTION SERVICES 324471 23 2536152 1568836 1165000 5269988 TUITION 611310 45836633 45836633 PATIENT CARE 611310 2411641 2411641 48248274 52854 52854 67700 67700 1297092 1010661 286431 286431 286431 50000 21646 28354 28354 779455 604101 175354 175354 MANAGEMENT FEE 900099 255000 255000 HAFTER FEES 900099 225020 225020 COMMISSIONS 900099 23613 23613 367767 367767 871400 55000355 48423628 0 1306739 3000000 3000000 2834052 2834052 24657 24657 1577364 670643 906721 23503123 20040180 3150458 312485 2272701 1939447 302915 30339 3878457 3263187 565284 49986 1971291 1639623 306773 24895 35808 35808 76532 76532 90500 90500 8000 8000 3074229 2760253 288061 25915 275388 243942 31446 525839 205872 286191 33776 2793699 1475377 1318322 3203808 2360660 843148 231671 197883 33788 315510 303837 11673 309708 202394 107314 2634982 1968332 666650 473812 273180 200632 MAINTENANCE 852296 629668 222628 EQUIPMENT 340987 340987 PATIENT CARE 302959 302959 EVENT EXPENSES 252007 109227 142780 917203 183390 639041 94772 55776583 45005558 10190857 580168 500 500 17614672 16534301 2754103 3216151 59087 46104 880720 1054089 89092731 50770074 36529238 38322657 9429833 8568700 4587137 3530552 71855290 71273054 2802488 2271926 5912353 6397659 13669320 13320629 1008770 682238 21531137 20524742 44924068 43197194 X 26763737 17086103 167485 10989757 26931222 28075860 71855290 71273054 X -776228 1920866 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90500 90500 55686083 55776583 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 25139 69868 108860 90500 294367 250000 250000 250000 250000 1000000 1500000 57407910 3574092 -8147168 211925 1850472 50772437 46617036 702306 11760147 180585 1490994 57407910 46254055 983421 1036248 128063 1528625 46617036 24807417 20839667 2125455 108085 1410399 46254055 23361107 427117 1849435 86962 743280 24807417 0.83110 0.10310 0.06580 0 1 1 1563250 1563250 21478835 13930770 7548065 40419765 17977773 22441992 23231438 18861531 4369907 2399443 2399443 38322657 GOVERNMENT LOANS TO STUDENTS 8568700 F 8568700 GOVERNMENT ADVANCES 11822176 POST RETIREMENT BENEFITS 7340124 OTHER LIABILITIES 1362442 20524742 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION. THE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION'S ENDOWMENT CONSISTS OF A PORTFOLIO OF ACTIVELY MANAGED FUNDS ESTABLISHED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY. THE ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS OR QUASI ENDOWMENTS. ENDOWMENT FUNDS MAY HAVE PURPOSE RESTRICTIONS ON USE OF THE INCOME, SUCH AS SCHOLARSHIPS, PROFESSORSHIPS, AND RESEARCH. BOARD DESIGNATED FUNDS ARE DIRECTED TO SUPPORT THE OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES FEDERAL TAX FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY FOR INFORMATIONAL PURPOSES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTIES IN INCOME TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NON-DISCRIMINATION POLICY IS PUBLISHED IN SALUS MAGAZINE, SALUS VIEW BOOK, THE STUDENT HANDBOOK, THE APPLICATION FOR ADMISSIONS AND IS PUBLICLY AVAILABLE ON THE UNIVERSITY'S WEBSITE AT WWW.SALUS.EDU/LIFE/DIVERSITY. SALUS VIEW BOOK IS DISTRIBUTED BY ADMISSIONS TO POTENTIAL APPLICANTS. SCHEDULE E, PART I, LINE 6 STUDENTS MAY RECEIVES FUNDING FROM THE FEDERAL GOVERNMENT IN THE FORM OF DIRECT UNSUBSIDIZED STUDENT LOANS, GRADUATE PLUS LOANS AND FEDERAL WORK STUDY AWARDS. SCHOLARSHIPS AND GRANT ASSISTANCE MAY COME FROM A VARIETY OF SOURCES INCLUDING INSTITUTIONAL, PRIVATE AND GOVERNMENTAL PROGRAMS. 1 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS 24657 0 0 0 0 0 0 24657 0 24657 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 2 24657 APPLIED TO STUDENT'S TUITION ACCOUNT 0 N/A CASH 0 0 0 0 0 0 PART I, LINE 2: THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER SUPPORT TO STUDENTS MATRICULATING AT THE UNIVERSITY; THEREFORE, NO FUNDS ARE PAID DIRECTLY TO RECIPIENTS, RATHER ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. PART III ACCOUNTING METHOD: 50000 15000 6646 0 50000 15000 6646 21646 28354 PA 1 0 1 0 1.00000 0.00000 JACQUELINE PATTERSON VP INSTITUTIONAL ADVANCEMENT 8360 OLD YORK ROAD ELKINS PARK PA 19027 0 JACQUELINE PATTERSON VP INSTITUTIONAL ADVANCEMENT 0 THE GAMING MANAGER COORDINATES THE ANNUAL ALUMNI ASSOCIATION RAFFLE. X 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION 8360 OLD YORK ROAD ELKINS PARK PA 19027 233030893 501(C)(3) 3000000 0 CASH N/A SUPPORT LONG-TERM UNIVERSITY NEEDS 1 0 SCHOLARSHIPS 300 1792287 0 N/A N/A OTHER STUDENT SUPPORT 1005 1041765 0 N/A N/A PART I, LINE 2: AS PART OF UNIVERSITY OPERATIONS, THE UNIVERSITY AND ITS RELATED FOUNDATION TRANSFER FUNDS AS NEEDED TO SUPPORT THE MUTUAL NEEDS OF THE SEPARATE ENTITIES. WHEN THIS OCCURS THE SHARED MANAGEMENT AND OVERLAPPING GOVERNANCE OF THE ENTITIES ENSURES ALL FUNDS ARE USED FOR THEIR INTENDED PURPOSES. THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER SUPPORT TO STUDENTS MATRICULATING AT THE UNIVERSITY; THEREFORE, NO FUNDS ARE PAID DIRECTLY TO RECIPIENTS, RATHER ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS IS REQUIRED. X X X 0 0 0 0 0 0 0 0 0 DR MICHAEL H MITTELMAN PRESIDENT 299740 0 33671 0 51398 0 29423 0 8112 0 422344 0 0 0 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 240900 0 5380 0 49114 0 22212 0 16132 0 333738 0 0 0 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 287197 0 0 0 0 0 27247 0 8307 0 322751 0 0 0 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 262820 0 6602 0 0 0 28010 0 19481 0 316913 0 0 0 DR MITCHELL SCHEIMAN DEAN RESEARCH 257396 0 5570 0 6857 0 23160 0 8098 0 301081 0 0 0 MR DONALD C KATES VP FINANCE 217603 0 5469 0 0 0 23200 0 18801 0 265073 0 0 0 DR JAMES KONOPACK DEAN EDUCATION AND REHABILITATION 223501 0 3789 0 0 0 22708 0 7229 0 257227 0 0 0 DR MARIA L PARISI FACULTY 169203 0 3704 0 46611 0 15984 0 9855 0 245357 0 0 0 MR JOHN GAAL VP CLINIC OPERATIONS 178658 0 4388 0 6857 0 18617 0 8146 0 216666 0 0 0 MR BRIAN D ZUCKERMAN ESQ GENERAL COUNSEL 159596 0 6183 0 0 0 17719 0 23601 0 207099 0 0 0 PART I, LINE 7 IN 2021, ALL CURRENT FACULTY AND STAFF EMPLOYED ON JUNE 30, 2021, WERE PAID A BONUS EQUAL TO 2.5% OF THEIR PRIOR YEAR BASE PAY. THIS HAS BEEN DETERMINED TO BE A FIXED PAYMENT. A NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2020-11-30 13969732 REFUNDING 2016 BOND 0 1 0 A 540576 13969732 3041648 10928084 2022 1 0 1 1 A 0 0 1 1 1 1 0.03190 0.00000 0.03190 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE CHAIRPERSON OF THE BOARD OF TRUSTEES WHO SHALL ALSO BE THE CHAIR OF THE COMMITTEE, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIRPERSONS OF EACH STANDING COMMITTEE OF THE BOARD WHO SHALL BE APPOINTED FOR A TERM OF ONE YEAR BY THE CHAIRPERSON OF THE BOARD. THE PRIMARY RESPONSIBILITY OF THE EXECUTIVE COMMITTEE IS TO STRENGTHEN THE BOARD'S PERFORMANCE BY HELPING IT FUNCTION EFFICIENTLY AND EFFECTIVELY. ITS BROAD POWERS SHALL BE USED ONLY AS NECESSARY AND APPROPRIATE ON ROUTINE BUSINESS OR EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DELAYED UNTIL THE BOARD'S NEXT REGULARLY SCHEDULED MEETING OR UNTIL A SPECIAL MEETING OF THE BOARD SHOULD BE CALLED AS SPECIFIED IN THE BYLAWS. THE COMMITTEE SHALL HAVE ALL POWERS OF THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION, PRESIDENT'S COMPENSATION, TRUSTEE AND BOARD OFFICER SELECTION, CHARTER AND BYLAW AMENDMENT, CHANGING THE UNIVERSITY'S MISSION, INCURRING CORPORATE INDEBTEDNESS, APPROVAL OF ANNUAL BUDGET AND CONFERRAL OF DEGREES. THE EXECUTIVE COMMITTEE MEETS IN PERSON OR VIA CONFERENCE FOR MONTHLY UPDATES. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED ON MAY 23, 2022 TO IMPOSE A TERM LIMIT TO PREVENT A TRUSTEE FROM SERVING A CONSECUTIVE PERIOD OF MORE THAN NINE YEARS, UNLESS CONSENTED TO BY TWO-THIRDS OF THE NON-INTERESTED TRUSTEES. PREVIOUSLY, THERE WAS NO SUCH TERM LIMIT. NOTWITHSTANDING THIS, (I) A TRUSTEE WHOSE TERM LIMIT IS TO OCCUR PRIOR TO THE END OF THEIR THEN CURRENT ELECTED TERM (INCLUDING THOSE WITH OVER 9 YEARS OF SERVICE AS OF MAY 23, 2022) SHALL BE ENTITLED TO SERVE UNTIL THE END OF SUCH CURRENT ELECTED TERM AND (II) A TRUSTEE SERVING AS THE CHAIRPERSON AS OF THE SCHEDULED EXPIRATION OF THEIR TERM LIMIT, MAY SERVE AN ADDITIONAL ONE-YEAR TERM AS A NON-OFFICER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO MANAGEMENT AND THE AUDIT COMMITTEE OF SALUS UNIVERSITY ON A SECURE NETWORK. EACH COMMITTEE MEMBER IS PROVIDED THE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO FILING. THE FULL BOARD IS ALSO PROVIDED A COMPLETE COPY OF THE FORM 990 PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE REVIEWED BY THE PRESIDENT'S OFFICE AND COUNSEL, AND PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR DETERMINATION IF AN ACTUAL CONFLICT EXISTS. IN ADDITION TO THE QUESTIONNAIRE, ALL TRANSACTIONS ARE SUBJECT TO INTERNAL SIGN OFF REQUIREMENTS BASED ON AMOUNTS; ANY TRANSACTIONS ABOVE $5,000 ARE REVIEWED BY THE PRESIDENT OR BY THE CHIEF OF STAFF, IF THE PRESIDENT IS NOT AVAILABLE; THIS REVIEW CONSIDERS POSSIBLE CONFLICTS. IF A CONFLICT WERE TO ARISE, DEPENDING ON THE NATURE OF THE CONFLICT, THE INDIVIDUAL WOULD EITHER BE RECUSED FROM MATTERS INVOLVING THE CONFLICT OR COULD BE REQUIRED TO ELIMINATE THE CONFLICT OR RESIGN. IF A CONFLICT WERE TO BE IDENTIFIED AFTER THE TRANSACTION OCCURRED IT WOULD BE THOROUGHLY REVIEWED TO ENSURE NO TRANSGRESSION OR PRIVATE INUREMENT AND CORRECTIVE ACTION (IF NEEDED) WOULD TAKE PLACE. ACTUAL CONFLICTS OF INTEREST AND RELATED RESTRICTIONS FOR STAFF (OTHER THAN THE PRESIDENT) ARE DOCUMENTED IN THE PRESIDENT'S OFFICE; ACTUAL CONFLICTS OF INTEREST AND RELATED RESTRICTIONS FOR TRUSTEES ARE DOCUMENTED IN BOARD MINUTES. THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE ANY CHANGES IN CIRCUMSTANCES THAT ARISE TO CREATE A NEW POTENTIAL CONFLICT OF INTEREST OR CHANGE OR ELIMINATE A PREVIOUSLY DISCLOSED CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN DETERMINING COMPENSATION, THE BOARD RELIES UPON COMPARABILITY DATA OF INSTITUTIONS SIMILARLY SITUATED TO SALUS UNIVERSITY. THE DELIBERATIONS TO DETERMINE THE PRESIDENT'S COMPENSATION AND THE FINAL DETERMINATION ITSELF ARE DOCUMENTED IN THE BOARD COMMITTEE'S MINUTES. THIS REVIEW PROCESS LAST OCCURRED WITH THE PRESIDENT'S CONTRACT RENEWAL IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE SALUS WEBSITE. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFIT OBLIGATION ACTUARIAL VALUATION ADJUSTMENT 1,920,866. PENNSYLVANIA EAR INSTITUTE LLC 8380 OLD YORK ROAD ELKINS PARK PA 19027 202888384 HEALTHCARE PA 426695 291917 SALUS UNIVERSITY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION 8360 OLD YORK ROAD ELKINS PARK PA 19027 233030893 SUPPORT SALUS UNIVERSITY PA 501(C)(3) LINE 12A, I SALUS UNIVERSITY 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION B 3000000 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION C 2310074 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION D 2759849 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION L 255000 VALUE OF SERVICES