2023-05-03T14:58:34-05:00 2022-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-07-01 382410852 KETTERING UNIVERSITY % NANCY A FIKE KETT 8107629925 1700 UNIVERSITY AVENUE FLINT MI 485046214 ROBERT K MCMAHAN PRESIDENT 8107629790 2023-05-15 true ROBERT K MCMAHAN 999009999 Lauren R Denton P01571860 2604604000 2 2021 2023-04-26 12:10:37Z ROBERT K MCMAHAN 1700 UNIVERSITY AVE FLINT MI 485046214 120379027 false X WWW.KETTERING.EDU X 1982 MI SEE SCHEDULE O 25 24 858 888 -61787 0 25234401 15722507 52326283 88795847 4744000 4301711 51795 51510 82356479 108871575 3993405 44726565 0 0 39647605 36356017 0 0 2073885 21767523 25637117 65408533 106719699 16947946 2151876 281450228 273554260 49643910 49321682 231806318 224232578 X SEE SCHEDULE O. false false 66265729 44726565 81787287 UNDERGRADUATE INSTRUCTION. DELIVERED 53,097 UNDERGRADUATE STUDENT HOURS OF INSTRUCTION (ONE CREDIT HOUR REPRESENTS 10 HOURS OF INSTRUCTION FOR ONE STUDENT). AWARDED 373 BACCALAUREATE DEGREES IN 14 DIFFERENT PROGRAMS. 3057930 6172826 GRADUATE INSTRUCTION. DELIVERED 6,464 GRADUATE STUDENT CREDIT HOUR (ONE CREDIT HOUR REPRESENTS 10 HOURS OF INSTRUCTION FOR ONE STUDENT). AWARDED 161 MASTERS DEGREES IN 6 DIFFERENT PROGRAMS. 406463 406463 SEE SCHEDULE O. 28176578 429271 ALL OTHER PROGRAM SERVICES INCLUDES ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SERVICES, AND AUXILIARY SERVICES. 28176578 429271 97906700 true true false false false false false true false true true true false false true false true false true true true false false false false false false false true true true false true false false false false false false false false true false false false false false false false false true 2307 0 true 858 true true true true EI JE LU false false false true true false false false false false false X 25 24 false false false false false false false true true false false true true true true true true true false false X NANCY A FIKE 8107629925 1700 UNIVERSITY AVENUE FLINT MI 485046214 ROBERT K MCMAHAN PRESIDENT 80.0 0.0 X X 895329 0 141326 JAMES ZHANG PROVOST 55.0 0.0 X 316195 0 47397 THOMAS AYERS TREASURER 55.0 0.0 X 303512 0 45978 SUSAN DAVIES VP UNIV. ADV. & EXT. RELATIONS 55.0 0.0 X 214597 0 38726 KATHRYN SVINARICH ASSOCIATE PROVOST 55.0 0.0 X 225396 0 20426 CRAIG HOFF DEAN OF COLLEGE OF ENGINEERING 55.0 0.0 X 186236 0 40347 CORNELIUS DARCY VP MARKETING/COMM./ENROLLMENT 55.0 0.0 X 207827 0 14507 CHRISTINE WALLACE VP. KETTERING GLOBAL 55.0 0.0 X 184121 0 36646 TRACIE JONES VP ENROLLMENT & CO-OP SERVICES 55.0 0.0 X 191260 0 17294 JANE HOMSHER SPECIAL ASST. TO THE PRESIDENT 55.0 0.0 X 182407 0 24423 DONALD ROCKWELL UNIVERSITY COUNSEL 55.0 0.0 X 165245 0 26975 LB MCCUNE VP STUDENT AFFAIRS 55.0 0.0 X 162738 0 27443 BASSEM RAMADAN DEPT. HEAD-MECHANICAL ENGINEER 55.0 0.0 X 161138 0 21136 KENNETH KAISER PROFESSOR ELECTRICAL/COMPUTER 55.0 0.0 X 164294 0 7757 HENIO R ARCANGELI JR BOARD MEMBER 2.0 0.0 X 0 0 0 LIZABETH A ARDISANA BOARD CHAIR 4.0 0.0 X X 0 0 0 CARLA J BAILO BOARD MEMBER 2.0 0.0 X 0 0 0 JANE E BOON BOARD MEMBER 2.0 0.0 X 0 0 0 WALTER G BORST BOARD VICE CHAIR 2.0 0.0 X X 0 0 0 DONALD B CHAFFIN BOARD MEMBER 2.0 0.0 X 0 0 0 BRUCE D COVENTRY BOARD MEMBER 2.0 0.0 X 0 0 0 GARY L COWGER BOARD MEMBER 2.0 0.0 X 0 0 0 JACQUELINE A DEDO BOARD MEMBER 2.0 0.0 X 0 0 0 PHILLIP C DUTCHER BOARD MEMBER 2.0 0.0 X 0 0 0 CHARLES GRAY BOARD MEMBER 2.0 0.0 X 0 0 0 DAVID S HOYTE BOARD MEMBER 2.0 0.0 X 0 0 0 GERALD JOHNSON BOARD MEMBER 2.0 0.0 X 0 0 0 DAVID KAZYAK BOARD MEMBER 2.0 0.0 X 0 0 0 CHARLES F KETTERING III BOARD MEMBER 2.0 0.0 X 0 0 0 JESSE M LOPEZ BOARD SECRETARY 2.0 0.0 X 0 0 0 MACHELLE A MCADORY BOARD MEMBER 2.0 0.0 X 0 0 0 JOHN W MOYER BOARD MEMBER 2.0 0.0 X 0 0 0 RAJ NAIR BOARD MEMBER 2.0 0.0 X 0 0 0 JEFFREY J OWENS BOARD MEMBER 2.0 0.0 X 0 0 0 RAYMOND E SCOTT BOARD MEMBER 2.0 0.0 X 0 0 0 MARJORIE SORGE BOARD MEMBER 2.0 0.0 X 0 0 0 NORMAN J SZYDLOWSKI BOARD MEMBER 2.0 0.0 X 0 0 0 DIANA D TREMBLAY BOARD MEMBER 2.0 0.0 X 0 0 0 3560295 0 510381 59 false true false KEYPATH EDUCATION 1933 N MEACHAM RD STE 400 SCHAUMBURG IL 60173 RECRUITMENT SERVICES 2123007 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKYWY SW CEDAR RAPIDS IA 52404 MARKETING SERVICES 599271 DUFFEY PETROSKY COMPANY 38505 COUNTRY CLUB DR STE 110 FARMINGTON HILLS MI 48331 MARKETING SERVICES 504445 TARGETX 1001 E HECTOR SREET STE 110 CONSHOHOCKEN PA 19428 CRM SERVICES 140400 4 4689704 11032803 1407136 15722507 TUITION- UNDERGRADUATE 611310 78207818 78207818 TUITION- GRADUATE 611310 6172826 6172826 RESEARCH 611310 835391 835391 INTERNATIONAL PROGRAMS 611310 100376 100376 AUXILIARY SERVICES 611310 3479436 3479436 88795847 2233891 -61787 2295678 0 0 51510 51510 0 51510 51510 13575272 11507452 2067820 2067820 2067820 0 0 0 0 0 0 0 0 0 0 108871575 88795847 -61787 4415008 X 0 44726565 44726565 0 0 2027840 1775523 252317 0 25665567 23226663 1623598 815306 2175202 1823895 267339 83968 4510163 3781746 554314 174103 1977245 1555219 321217 100809 0 79355 18953 60402 70225 70225 0 0 125047 125047 9397326 8812618 344661 240047 83614 75336 8108 170 1906865 1782301 68728 55836 0 0 2470585 2174114 222353 74118 422103 331784 73187 17132 0 66771 44879 17731 4161 825812 825812 0 4524195 3981291 407178 135726 316470 316185 285 EQUIPMENT 349114 315215 25849 8050 MAINTENANCE 2985059 2539495 356012 89552 STUDENT CLUBS 251076 251076 MISCELLANEOUS 1763500 1639738 101457 22305 106719699 97906700 6739114 2073885 0 1800 35716760 29258210 2250402 2650729 1583923 1151065 0 0 0 0 0 0 0 0 1635980 1324637 250441326 114086917 114114668 136354409 77047766 57781088 49090341 45032322 0 0 0 0 10388 0 281450228 273554260 4513396 4583369 0 0 1772431 1414367 39485337 39397739 0 0 0 0 86363 0 0 0 3786383 3926207 49643910 49321682 X 93076432 86634600 138729886 137597978 231806318 224232578 281450228 273554260 X 2151876 -9047423 -678193 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 110952886 2836684 -8300247 1572205 1603005 125048 102189065 88333064 3600068 22908027 1950019 1813254 125000 110952886 90353355 964724 340938 1505323 1695630 125000 88333064 86552982 2812419 4191380 1473147 1605279 125000 90353355 82614985 1435912 5637810 1413250 1597475 125000 86552982 0.11000 0.61000 0.28000 false false 6780370 6780370 132861831 82093171 50768660 23624488 19438088 4186400 87174637 12555658 74618979 136354409 ACADIAN GLOBAL MGD VOLATILITY 5001211 F ARCLIGHT ENERGY PARTNERS VI 1157555 F ARCLIGHT ENERGY PARTNERS VII 1230146 F ARROWGRASS INTERNATIONAL FUND 41347 F COATUE GROWTH FUND V 1659307 F COLUMBIA CAPITAL EQ PARTNERS V 2601439 F DRIVE CAPITAL OVERDRIVE II 532875 F ENCAP ENERGY CAP FUND XI, LP 1593565 F H.I.G. ADVANTAGE BUYOUT FUND 2307812 F HENDERSON PARK REAL EST FUND I 3063659 F HENDERSON PARK REAL EST FND II 220501 F MARATHON DISTRESSED CREDIT FND 1166321 F MB SPECIAL OPP. FUND II 545474 F OAK HILL CAPITAL PARTNERS IV 945241 F OAK HILL CAPITAL PARTNERS V 2175878 F OAK HILL STRATEGIC CAPITAL 1423804 F PALOMA INTERNATIONAL LIMITED 3717660 F PARAMETRIC DEFENSIVE EQ FUND 5025804 F RIMROCK HIGH INCOME PLUS FUND 3685086 F WALTON STREET RE FUND VIII LP 944623 F WARBURG PINCUS GLOBAL GROWTH 2347069 F WARBURG PINCUS PRIVATE EQ XII 2714371 F WCP REAL ESTATE FUND IV, LP 931574 F 45032322 0 GIFT ANNUITITES 315345 ASSET RETIREMENT OBLIGATION 1974114 ACCRUED EXPENSE & OTHER LIABILITIES 1636748 3926207 53029773 -9047423 -9047423 62077196 46794379 46794379 108871575 61993134 61993134 44726565 44726565 106719699 SCHEDULE D, PART III, LINE 1 THE UNIVERSITY HOLDS A HISTORICAL COLLECTION WITH AN APPROXIMATE VALUE OF $1,200,000 THAT HAS NOT BEEN CAPITALIZED AS ANY PROCEEDS FROM THE SALE OF ITEMS WOULD BE REINVESTED IN THE COLLECTION. SCHEDULE D, PART III, LINE 4 Since 1973, GMI and Kettering University have assisted in creating one of the largest automotive archives in the country that attracts researchers from around the globe. They assisted the University in receiving the Charles Kettering Collection, which attracts many researchers, with its hundreds of patents and documents related to the gasoline, Freon, jet fuel, and fast drying paint, to name only a few subject areas. The Frigidaire Collection, another General Motors division, showcases the advancement of refrigeration in the 20th century and highlights the advancement of technology in the home. Additionally, alumni have assisted the University in obtaining the photograph collection of AC Spark Plug, with an estimated collection of 40,000 negatives. SCHEDULE D, PART V, LINE 4 THE KETTERING UNIVERSITY ENDOWMENT FUND IS USED FOR A VARIETY OF PURPOSES, INCLUDING STUDENT SCHOLARSHIPS, INSTRUCTIONAL CHAIRS, AND SUPPORT FOR SPECIFIC PROGRAMS. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B REALIZED GAIN ON INVESTMENTS $ 2,067,814 GRANTS AND SCHOLARSHIPS $44,726,565 TOTAL $46,794,379 SCHEDULE D, PART XII, LINE 4B GRANTS AND SCHOLARSHIPS $44,726,565 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 IN PUBLIC RELATIONS RELEASES AND INTERVIEWS WITH THE MEDIA, THE POLICY OF NON-DISCRIMINATION IS MADE CLEAR. ALL PUBLISHED RECRUITING MATERIALS FOR BOTH STUDENTS AND EMPLOYEES CARRY A STATEMENT WHICH DECLARES THE INSTITUTION'S POLICY OF NON-DISCRIMINATION. SCHEDULE E, PART I, LINE 6A KETTERING UNIVERSITY RECEIVES MULTIPLE FEDERAL AND STATE GRANTS. CENTRAL AMERICA/CARIBBEAN PASSIVE INVESTMENTS 10527204 EUROPE PASSIVE INVESTMENTS 6388033 EUROPE 1 PROGRAM SERVICES ONLINE INSTRUCTOR 5650 NORTH AMERICA 1 PROGRAM SERVICES ONLINE INSTRUCTOR 19800 EUROPE 1 Program Services ONLINE INSTRUCTOR 9150 3 3 16949837 16949837 true false false true true false true Grants and Scholarship Assistance 1741 44726565 SCHEDULE I, PART I, LINE 2 Scholarships are given to individuals based on need and merit to aid with tuition and fees. Scholarships are a reduction of tuition and fees and provided directly by the university. Records are maintained for eligibility and the selection criteria. X X X true true X X X X false true false false false false false false false ROBERT K MCMAHAN PRESIDENT 569722 0 275000 0 50607 0 76100 0 65226 0 1036655 0 250000 JAMES ZHANG PROVOST 277273 0 35300 0 3622 0 25650 0 21747 0 363592 0 THOMAS AYERS TREASURER 262125 0 35500 0 5887 0 24300 0 21678 0 349490 0 DONALD ROCKWELL UNIVERSITY COUNSEL 162625 0 0 0 2620 0 13977 0 12998 0 192220 0 KATHRYN SVINARICH ASSOCIATE PROVOST 196800 0 26040 0 2556 0 17778 0 2648 0 245822 0 CRAIG HOFF DEAN OF COLLEGE OF ENGINEERING 176795 0 4670 0 4771 0 16800 0 23547 0 226583 0 BASSEM RAMADAN DEPT. HEAD-MECHANICAL ENGINEER 155344 0 3790 0 2004 0 13617 0 7519 0 182274 0 JANE HOMSHER SPECIAL ASST. TO THE PRESIDENT 145781 0 31810 0 4816 0 13511 0 10912 0 206830 0 KENNETH KAISER PROFESSOR ELECTRICAL/COMPUTER 161360 0 2380 0 554 0 4209 0 3548 0 172051 0 SUSAN DAVIES VP UNIV. ADV. & EXT. RELATIONS 204279 0 0 0 10318 0 19028 0 19698 0 253323 0 CORNELIUS DARCY VP MARKETING/COMM./ENROLLMENT 205729 0 0 0 2098 0 8530 0 5977 0 222334 0 CHRISTINE WALLACE VP. KETTERING GLOBAL 178682 0 0 0 5439 0 16650 0 19996 0 220767 0 LB MCCUNE VP STUDENT AFFAIRS 136382 0 21150 0 5206 0 12600 0 14843 0 190181 0 TRACIE JONES VP ENROLLMENT & CO-OP SERVICES 165042 0 24170 0 2048 0 15092 0 2202 0 208554 0 SCHEDULE J, PART I, LINE 1A RESIDENCE IS PROVIDED TO THE PRESIDENT IN WHICH HE IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE AS A CONDITION OF EMPLOYMENT. Schedule J, Part I, Line 4 President McMahan participates in a deferred compensation plan, upon which payment is contingent on meeting contractual conditions authorized by the Board of Trustees. DURING THE YEAR ENDED 6/30/2022, CONTRIBUTIONS TO THE PLAN WERE $50,000. This deferred compensation is reported on Schedule J Part II line 1 column C. AMOUNT SHOWN ON PART II, LINE 1 COLUMN B (II) AND COLUMN F INCLUDES $250,000 THAT WAS PREVIOUSLY AN ALLOWANCE OF DEFERRED COMPENSATION PAID OUT IN THE CURRENT FISCAL YEAR BASED ON CONTRACTUAL CONDITIONS AUTHORIZED BY THE BOARD OF TRUSTEES BEING MET. Schedule J, Part I, Line 7 Performance bonuses paid to employees listed in Schedule J, Part II, Column B(ii). Schedule J, Part II Amount shown in performance-based bonus paid to President Robert K. McMahan as solely determined by the Board of Trustees. Schedule J, Part II, Line 1, Column D $36,151 the estimated value of the President's house in which the President is required by the Board of Trustees to reside as a condition of employment and is required to be reported as a non-taxable benefit on this schedule. A MICHIGAN FINANCE AUTHORITY 800596186 594479FQ5 2020-06-30 40002602 PROVIDE FUNDS TO REFUND PRIOR ISSU false false false A 0 16485000 40002602 0 1583633 14973410 429667 0 0 0 1857084 23016031 2022 true false false true A 0 A false true false false false false 0 false 0 false true A true X 25 646324 FMV X SOFTWARE 1 750000 FMV X EQUIPMENT 2 8174 FMV X TRAVEL 3 2639 FMV false true false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART 1, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART I & III, LINE 1 - ORGANIZATION'S MISSION KETTERING UNIVERSITY PREPARES STUDENTS FOR LIVES OF EXTRAORDINARY LEADERSHIP AND SERVICE BY LINKING TRANSFORMATIVE EXPERIENTIAL LEARNING OPPORTUNITIES TO RIGOROUS ACADEMIC PROGRAMS IN ENGINEERING, SCIENCE, MATHEMATICS AND BUSINESS. FOUNDED IN 1919 BY A GROUP OF FLINT LEADERS WITH A VISION FOR TRANSFORMING THE AUTOMOBILE INDUSTRY, KETTERING UNIVERSITY TODAY OFFERS 9 UNDERGRADUATE DEGREES, 8 GRADUATE DEGREES, AND A VARIETY OF CONCENTRATIONS AND MINORS THAT ALLOW IT TO DELIVER AN EDUCATION THAT COUPLES THEORY AND PRACTICE BETTER THAN ANY OTHER INSTITUTION IN THE WORLD. THE UNIVERSITY IS DEDICATED TO ACHIEVING THE EXTRAORDINARY THROUGH TECHNOLOGICAL INNOVATION, LEADERSHIP AND SERVICE. THROUGH GROWTH, GLOBAL LEADERSHIP, COMMUNITY OUTREACH AND AN ENGAGED COMMUNITY OF STAKEHOLDERS THE UNIVERSITY STRIVES TO FULFILL ITS MISSION. THE UNIVERSITY'S ACTIONS ARE IMBUED BY A SET OF VALUES THAT FOSTER RESPECT, INTEGRITY, CREATIVITY, COLLABORATION AND EXCELLENCE. FORM 990, PART III - PROGRAM SERVICE, LINE 4C SMALL BUSINESS DEVELOPMENT 2022: THIS SUBAWARD IS ISSUED BY THE MI-SBDC LEAD CENTER AT GRAND VALLEY STATE UNIVERSITY FOR THE PERFORMANCE FOR A SCOPE OF WORK ORIGINALLY AWARDED TO THE PRIME RECIPIENT. GVSU IS THE PRIME RECIPIENT OF THE US SMALL BUSINESS ADMINISTRATION (SBA) SMALL BUSINESS DEVELOPMENT CENTER COOPERATIVE AGREEMENT TO ESTABLISH A STATEWIDE NETWORK OF A STATE LEAD CENTER AND SBDC REGIONAL CENTERS. THE REGIONAL CENTER HOUSED AT KETTERING DEVELOPS AND MAINTAINS A COMPREHENSIVE SMALL BUSINESS ASSISTANCE PROGRAM THAT PROVIDES CONSULTING, TRAINING AND RESEARCH SERVICES TO PROMOTE BUSINESS START-UP, INNOVATION AND EXPANSION. ECONOMIC IMPACT SUCCESS IN THIS TIME FRAME: 38 NEW BUSINESS STARTS, 132 NEW JOBS, 294 JOBS RETAINED, $16,127.637 IN CAPITAL FORMATION, IN INCREASED SALES AND 250 TRAINING ATTENDEES. 29% BUSINESSES OF COLOR, 51% DISADVANTAGED BUSINESSES. SMALL BUSINESS DEVELOPMENT 2021: THIS SUBAWARD IS ISSUED BY THE MI-SBDC LEAD CENTER AT GRAND VALLEY STATE UNIVERSITY FOR THE PERFORMANCE FOR A SCOPE OF WORK ORIGINALLY AWARDED TO THE PRIME RECIPIENT. GVSU IS THE PRIME RECIPIENT OF THE US SMALL BUSINESS ADMINISTRATION (SBA) SMALL BUSINESS DEVELOPMENT CENTER COOPERATIVE AGREEMENT TO ESTABLISH A STATEWIDE NETWORK OF A STATE LEAD CENTER AND SBDC REGIONAL CENTERS. THE REGIONAL CENTER HOUSED AT KETTERING DEVELOPS AND MAINTAINS A COMPREHENSIVE SMALL BUSINESS ASSISTANCE PROGRAM THAT PROVIDES CONSULTING, TRAINING AND RESEARCH SERVICES TO PROMOTE BUSINESS START-UP, INNOVATION AND EXPANSION. ECONOMIC IMPACT SUCCESS IN THIS TIME FRAME: 19 NEW BUSINESS STARTS, 57 NEW JOBS, 61 JOBS RETAINED, $78 68134 IN CAPITAL FORMATION, SALES AND 350 TRAINING ATTENDEES.29% BUSINESSES OF COLOR, 51% DISADVANTAGED BUSINESSES. KCP 4S 2021-2022 SELECT STUDENT SUPPORT SERVICES: IN OCTOBER, 2021 KETTERING UNIVERSITY BEGAN YEAR 5 OF A SIX-YEAR GRANT FUNDED BY THE STATE OF MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC THROUGH THE KING CHAVEZ PARKS INITIATIVE 4S- SELECT STUDENT SUPPORT SERVICES PROGRAM. THE PROGRAM IS DESIGNED TO DEVELOP ACADEMICALLY OR ECONOMICALLY DISADVANTAGED STUDENT RETENTION PROGRAMS FOR THOSE WHO WOULD OTHERWISE NOT ADEQUATELY BE REPRESENTED IN THE STUDENT POPULATION. CORE OBJECTIVES INCLUDE: . IMPROVE GRADE POINT AVERAGE . ADVANCE CLASS STANDING . ACCEPTED INTO MAJOR . INCREASE GRADUATION FORM 990, PART VI, SECTION B, LINE 11B KETTERING UNIVERSITY REVIEWS THE COMPLETED FORM 990 WITH THE COMMITTEE FOR AUDIT AND COMPLIANCE AND PROVIDES AN ELECTRONIC COPY TO ALL BOARD OF TRUSTEE MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND CONFLICT OF COMMITMENT DISCLOSURES FORM IS REQUIRED TO BE COMPLETED BY ALL FULL-TIME EMPLOYEES AND TRUSTEES ANNUALLY AND THEN SUBSEQUENTLY UPDATED WHEN A CHANGE OCCURS RELATIVE TO THE INFORMATION MOST RECENTLY PROVIDED. COMPLETED DISCLOSURE FORMS SUBMITTED BY FACULTY AND STAFF ARE REVIEWED BY HUMAN RESOURCES AND FORMS SUBMITTED BY TRUSTEES ARE REVIEWED BY THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES HIRED A SEARCH FIRM TO CONDUCT THE PRESIDENTIAL SEARCH. BENCHMARKING AND MARKET DATA WERE USED TO DETERMINE THE COMPENSATION PACKAGE OFFERED AND CONTRACT RENEWALS. ALL INCREASES TO COMPENSATION ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 KETTERING UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY (CODE OF ETHICS) ARE AVAILABLE FOR PUBLIC INSPECTION IN THE OFFICE OF ADMINISTRATION AND FINANCE. FORM 990, PART XI, LINE 9 CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST $ (678,193)