2023-05-15T09:45:21-05:00 2022-06-30 FORVIS LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2021-07-01 362166964 AURORA UNIVERSITY % SHARON MAXWELL AURO 6308926431 347 SOUTH GLADSTONE AVE AURORA IL 60506 SHARON MAXWELL SR. VP for Bus & Fin 6308926431 2023-05-15 true SHARON MAXWELL 999009999 Bernadette D Zita P00089845 6302829500 2023-05-15 3 2021 2023-04-26 12:10:37Z Dr Jeff King 347 SOUTH GLADSTONE AVE AURORA IL 60506 211022696 false X WWW.AURORA.EDU X 1899 IL TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION 28 27 1752 276 234421 0 32367706 40285389 124028131 131862321 4023373 2820305 340405 1408720 160759615 176376735 60794306 71012466 0 0 49728815 51963878 0 0 1875191 38349672 44224121 148872793 167200465 11886822 9176270 241910943 242777024 70995908 71334186 170915035 171442838 X THE PRIMARY PURPOSE OF AURORA UNIVERSITY IS TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION SHAPED BY ITS LONG STANDING COMMITMENT TO EDUCATIONAL EXCELLENCE AND COMMUNITY PARTNERSHIP. THE UNIVERSITY IS GUIDED BY ITS MISSION TO BE AN INCLUSIVE COMMUNITY DEDICATED TO THE TRANSFORMATIVE POWER OF LEARNING AND CONTINUES TO UPHOLD ITS VALUES OF INTEGRITY, CITIZENSHIP, CONTINUOUS LEARNING AND EXCELLENCE. false false 135695356 71012466 124411039 AURORA UNIVERSITY PROVIDES POST-SECONDARY EDUCATION AND RELATED ACTIVITIES AND SUPPORT SERVICES TO 4,517 UNDERGRADUATE STUDENTS AND 2,597 GRADUATE STUDENTS ON ITS THREE LOCATIONS IN AURORA, ILLINOIS WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS, AS WELL AS ON-LINE AND VARIOUS OTHER LOCATIONS. DURING THE YEAR, AU GRADUATED 1,156 STUDENTS WITH BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, AND 1,025 STUDENTS WITH GRADUATE DEGREES INCLUDING EDUCATION, SOCIAL WORK, AND BUSINESS. AS PART OF ITS MISSION, THE UNIVERSITY OFFERS CULTURAL AND EDUCATIONAL OPPORTUNITIES TO ITS STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. 11391468 8347998 AURORA UNIVERSITY HAS RESIDENCE HALL CAPACITY OF 639 BEDS ON ITS AURORA CAMPUS, AS WELL AS, OFFERING HOUSING SERVICES FOR ITS GRADUATE AND UNDERGRADUATE STUDENTS ON ITS WISCONSIN CAMPUS. FOOD SERVICE FOR STUDENTS AND STAFF IS PROVIDED AT THREE LOCATIONS ON THE AURORA CAMPUS AND A DINING HALL ON THE WISCONSIN CAMPUS. ADDITIONALLY, A BOOKSTORE ON THE AURORA CAMPUS SELLS TEXTBOOKS, SUPPLIES AND MISCELLANEOUS CONVENIENCE ITEMS TO STUDENTS, FACULTY AND STAFF. GEORGE WILLIAMS COLLEGE CAMPUS PROVIDES FOOD SERVICES, LODGING AND MEETING ROOMS FOR ALL INDIVIDUALS PARTICIPATING IN A CONFERENCE OR SEMINAR. THE PROGRAM ANNUALLY PROVIDES SERVICES TO VARIOUS SCHOOLS, CHURCHES, HUMAN SERVICE ORGANIZATIONS AND RETREAT/PROGRAM GROUPS. 147086824 true true false true false false false true true true true false false false true false true false true false true false false false false false false false true true true false false false false false false true false false false true false false false false false false false false true 8512 0 true 1752 true true true false false false false true true false false false false false false X 28 27 true false false false false false false true true false false true true true true true true true false false X SHARON MAXWELL 6308445630 347 S GLADSTONE AVENUE AURORA IL 60506 X Rebecca L Sherrick President 40.0 0.0 X X 708793 0 25678 Donald Beebe Head Football Coach 40.0 0.0 X 270301 0 29857 Lora L de Lacey thru 53122 Executive Vice President 40.0 0.0 X 266554 0 24491 Sharon W Maxwell Treasurer/ sr vp finance 40.0 0.0 X 270401 0 10090 Deborah Maue Senior Vice President for Enro 40.0 0.0 X 230903 0 28956 Frank Buscherthru 103121 VP for Academic Affairs 40.0 0.0 X 234445 0 5009 Thomas H Cross Executive Director, Institute 40.0 0.0 X 205634 0 9185 Rebecca Flaminio Secretary/Exec Assistant 40.0 0.0 X 105044 0 35345 JONATHAN BIRKEY Trustee 1.0 0.0 X 0 0 0 MATTHEW CANNON Trustee 1.0 0.0 X 0 0 0 THOMAS CHOICE Trustee 1.0 0.0 X 0 0 0 CHAD A DE KING Trustee 2.0 0.0 X 0 0 0 AUSTIN DEMPSEY Trustee 1.0 0.0 X 0 0 0 CHARLES B DOSS Trustee 1.0 0.0 X 0 0 0 DAVID EDLEMAN Trustee 1.0 0.0 X 0 0 0 RONALD HEM Trustee 1.0 0.0 X 0 0 0 AMIR KIRKWOOD Trustee 1.0 0.0 X 0 0 0 BRIAN KONEN Trustee 1.0 0.0 X 0 0 0 GERALD PALMER Trustee 1.0 0.0 X 0 0 0 SCOTT PALMER Trustee 1.0 0.0 X 0 0 0 HILARY RANTISI Trustee 1.0 0.0 X 0 0 0 MYRON J RESNICK Trustee 1.0 0.0 X 0 0 0 MARYMARGARET SHARP-PUCCI Trustee 1.0 0.0 X 0 0 0 ANN SHEETS Trustee 1.0 0.0 X 0 0 0 JOHN D SIMMS JR Trustee 1.0 0.0 X 0 0 0 MICHELLE P SIMMS Trustee 1.0 0.0 X 0 0 0 BRIAN STADING Trustee 1.0 0.0 X 0 0 0 DAVID K STONE Trustee 2.0 0.0 X 0 0 0 THOMAS T STUHLEY Trustee 1.0 0.0 X 0 0 0 ODIE WASHINGTON Trustee 1.0 0.0 X 0 0 0 LINNEA WINDEL Trustee 1.0 0.0 X 0 0 0 HILARY K BRENNAN Chair 2.0 0.0 X X 0 0 0 JOHN D AMMONS Vice- Chair 2.0 0.0 X X 0 0 0 DOUGLAS J CRAFT Vice- Chair 2.0 0.0 X X 0 0 0 CHRISS JOHNS Vice- Chair 2.0 0.0 X X 0 0 0 2292075 0 168611 67 false true false BOLDT CONSTRUCTION PO BOX 419 APPLETON WI 54912 CONSTRUCTION 10252004 WILEY EDUCATION SERVICES 1415 WEST 22ND ST OAKBROOK IL 60523 ONLINE CLASS MGMT 7470984 COMPASS GROUP USA 2400 YORKMOUNT ROAD CHARLOTTE NC 28217 FOOD SERVICE MGMT 4793168 SOUTHEAST SERVICE SSC 1225 E WEISGARBER KNOXVILLE TN 37909 FACILITIES SERVICE 3710442 CORDOGAN CLARK ASSOCIATES 960 RIDGEWAY AVENUE AURORA IL 60506 ENGINEERING/ARCHITEC 1249760 28 0 34875548 5409841 1442506 40285389 STUDENT TUITION & FEES 611310 124411039 124411039 AUXILIARY REVENUE 611310 7451282 7436271 15011 131862321 1356498 14330 1342168 0 1334 1334 115963 0 115963 0 115963 557 115406 35508712 0 32670760 1374145 2837952 -1374145 1463807 1463807 0 0 0 0 0 0 791240 601056 190184 190184 MUSIC BY THE LAKE 711190 184437 184437 CONFERENCES 531120 22986 2900 20086 MISCELLANEOUS 900009 166879 166879 726937 726937 1101239 176376735 132744026 234421 3112899 X 0 71012466 71012466 0 0 1189549 942756 246793 0 42662886 34465345 7208563 988978 1574797 1273328 264402 37067 3482546 2764536 624047 93963 3054100 2404277 564475 85348 0 126400 126400 62540 62540 202807 202807 0 149002 149002 19795098 18255517 1488901 50680 678787 583544 95243 4595219 3095607 1407783 91829 2102924 316557 1686367 100000 0 3798311 3278271 478314 41726 655389 626442 16539 12408 0 97739 83380 12853 1506 580337 580337 0 9768048 8492057 1163612 112379 1014644 58128 955865 651 BAD DEBT EXPENSE 141908 141908 DUES, MEMBERSHIPS, & SUBSCRIPT 316711 281487 23596 11628 ENTERTAINMENT 73138 30763 42140 235 MISC 65119 65119 167200465 147086824 18238450 1875191 9065483 7034684 19141132 9970855 432691 976363 1341577 2741514 0 0 0 0 0 0 317067 438432 1406679 2847723 290465013 118009861 157136043 172455152 47279047 40924014 5791224 4138561 0 0 0 0 0 1249726 241910943 242777024 12152423 15950410 0 0 4836268 3675952 50411124 48438968 93371 53546 0 0 326885 737976 0 0 3175837 2477334 70995908 71334186 X 122837964 126422282 48077071 45020556 170915035 171442838 241910943 242777024 X 9176270 -9808818 1160351 X false true X true true true X 20324802 21119986 24824102 32367706 40285389 138921985 0 0 20324802 21119986 24824102 32367706 40285389 138921985 0 138921985 1252011 1526268 1226464 1921993 1473795 7400531 0 88456 128991 110599 61683 169779 559508 146882024 610872305 0.94581 0.93974 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 202807 false false 202807 false SCHEDULE C, PART II-B, LINE 1G THE UNIVERSITY HIRED TWO FIRMS TO RESEARCH AND CONTACT LEGISLATORS, STAFF AND OTHER GOVERNMENT OFFICIALS FOR POSSIBLE GRANT OPPORTUNITIES TO BENEFIT THE UNIVERSITY. MORE SPECIFICALLY FOR FY2022, THE UNIVERSITY UTILIZED THE SERVICES OF PROFESSIONAL LOBBYISTS TO SECURE STATE AND FEDERAL CAPITAL GRANTS. 1820417 X X X false false true X 52544153 1453037 -6788463 1134008 549239 45525480 41052296 2266579 10751263 1040948 485037 52544153 42122630 387855 972620 1019110 1411699 41052296 41198522 284359 2073450 967103 466598 42122630 43091106 531316 3033813 923420 4534293 41198522 0.29250 0.53570 0.17180 true false 0 10207640 10207640 188665768 65450344 123215424 617623 352830 264793 49873189 34708304 15164884 41100793 17498382 23602411 172455152 0 OPERATING LEASE PAYABLE 1465962 ASSET RETIREMENT OBLIGATION 410000 RETIREMENT BENEFIT OBLIGATION 331551 ANNUITIES PAYABLE 269821 DEPOSITS 0 2477334 106240879 -9808818 1761407 -8047411 114288290 149002 61939443 62088445 176376735 105713076 601056 601056 105112020 149002 61939443 62088445 167200465 SCHEDULE D, PART X, LINE 2 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 III, LINE 4 Collections of Art - Descriptions of Collections 1. Collections held by the university include the Schingoethe collection of Native American materials and artifacts. Typically each year, the Schingoethe center hosts a variety of events and programs designed to help inform about many aspects of Native American cultures, both in historical and contemporary contexts. 2. The Jenks collection of Adventist material is the second largest collection of historic advent Christian books, murals, photographs, and other materials that are available for research. The Jenks Collection is managed within the Phillips library. SCHEDULE D, PART IV, LINE 2B EXPLANATION OF ESCROW AGREEMENT: AURORA UNIVERSITY HAS CUSTODIAL ACCOUNT LIABILITIES FOR THE VARIOUS STUDENT ORGANIZATIONS. Schedule D, Part V, Line 4 Intended Uses of Endowment Funds The endowment funds of the university provide scholarship, operational and facilities support to the university and its locations in Aurora, Illinois, Williams Bay, Wisconsin, and Woodstock, Illinois. Many of the funds are restricted to scholarship purposes, however a substantial amount of funds are board designated, or quasi-endowment funds providing strategic financial resources to the university. Schedule D, Part XI, Line 2(D) OTHER REVENUES IN AUDITED FINANCIAL STATEMENTS NOT IN FORM 990 ADJUSTMENT OF ANNUITIES: $(81,549) CHANGE IN FAIR VALUE OF INTEREST RATE SWAP: $2,028,873 CHANGE IN ASSET RETIREMENT OBLIGATION: $11,000 Change in value of Beneficial Interest in perpetual trust: $(797,973) COST OF GOODS SOLD FROM INVENTORY: $601,056 Schedule D, Part XI, Line 4(B) AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12, BUT NOT ON LINE 1 SCHOLARSHIPS: $42,648,044 Illinois MAP Grant Expense: $10,325,250 GOVERNMENT PELL GRANT EXPENSE: $8,966,149 Schedule D, Part XII, Line 2(D) OTHER EXPENSES IN AUDITED FINANCIAL STATEMENTS NOT IN FORM 990 COST OF GOODS SOLD FROM INVENTORY: $601,056 Schedule D, Part XII, Line 4(B) OTHER EXPENSES SCHOLARSHIPS AND AID: $42,648,044 GOVERNMENT GRANT EXPENSE: $19,291,399 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 A STATEMENT INDICATING THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES, CATALOGS AND ANNOUNCEMENTS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AND IS PRESENT ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6A AURORA UNIVERSITY RECEIVED FINANCIAL AID FROM GOVERNMENTAL AGENCIES WHICH INCLUDE THE DEPARTMENT OF EDUCATION. Central America and the Caribbean 0 0 Investments N/A 250046 0 0 0 0 250046 250046 false false false true false false Schedule F, Part I, Line 3 METHOD USED TO ACCOUNT FOR EXPENDITURES ON ORGANIZATIONS FINANCIAL STATEMENTS CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL true Scholarships 4351 63963756 HEERF Emergency Grants 7021 6958000 Illinois Nurse Educator Grants 1 10000 Illinois State Board of Education Residency Grant 1 13000 University Emergency Fund 4 8280 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds: The financial aid office closely monitors any changes in the status of financial award recipients that would result in a corresponding change in the amount of aid awarded. Any such changes are automatically detected and reported by a series of special reports that are run on a regular basis. Moreover, the office of student accounts ensures that the charges to which the financial aid awards are applied are consistent with the intended use of the awards. X true true X X X X X false false false false false false false true false Rebecca L Sherrick President 591239 75000 42554 18000 7678 734471 Donald Beebe Head Football Coach 268624 1677 10225 19632 300158 Lora L de Lacey thru 53122 Executive Vice President 258758 5000 2796 10543 13948 291045 Sharon W Maxwell Treasurer/ sr vp finance 249504 20000 897 10000 90 280491 Frank Buscherthru 103121 VP for Academic Affairs 233336 1109 2500 2509 239454 Deborah Maue Senior Vice President for Enro 224337 5000 1566 9833 19123 259859 Thomas H Cross Executive Director, Institute 203606 2028 8608 577 214819 SCHEDULE J, PART I, LINE 1A THE TOTAL PRESIDENTIAL COMPENSATION PACKAGE INCLUDES A HOUSING ALLOWANCE. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 7 CERTAIN EMPLOYEES RECEIVED DISCRETIONARY MERIT BONUSES BASED ON THEIR PERFORMANCE. A CITY OF AURORA KANE DUPAGE WILL AND KENDALL CO 366005778 051648BG7 2019-12-12 26245000 REFUND PRIOR 2004 BOND ISSUE & REF false false false B CITY OF AURORA KANE DUPAGE WILL AND KENDALL CO 366005778 051648BJ1 2020-01-16 15245000 TO FINANCE VARIOUS CAPITAL EXPENDI false false false A 0 0 26245000 0 0 0 426649 0 0 0 25818351 0 2019 true true true true B 0 0 15245000 0 0 0 242970 0 0 15002030 0 0 2022 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true false false true true BMO CAPITAL MARKETS 6. false false false 0 false true B false true false false true true BMO CAPITAL MARKETS 6. false false false 0 false true A true B true NA N/A 52800 employee tuition remission tuition assistance Schedule L, Part III COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE IRS INSTRUCTIONS TO FORM 990, SCHEDULE L, PART III, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK. X 4 1442506 MARKET VALUE 0 false true false SCHEDULE M, PART I, LINE 9, COLUMN B EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS: SECURITIES - PUBLICLY TRADED - THE NUMBER OF CONTRIBUTORS IS BEING REPORTED. FORM 990, PART VI, LINE 1A PURSUANT TO ARTICLE V, SECTION 3 OF THE BYLAWS, THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR DISCHARGING ANY AND ALL OF THE POWERS OF THE BOARD OF TRUSTEES AS PERMITTED BY LAW WHEN THE FULL BODY IS NOT IN SESSION. IN ADDITION, THE COMMITTEE SHALL OVERSEE THE DEVELOPMENT AND THE IMPLEMENTATION OF THE INSTITUTION'S STRATEGIC AND OPERATING PLANS. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE COMMITTEE SHALL MEET A MINIMUM OF TWO TIMES ANNUALLY AND SHALL SUBMIT REGULAR REPORTS TO THE BOARD OF TRUSTEES. SPECIAL MEETINGS MAY BE CALLED BY THE CHAIR, THE PRESIDENT OR AT LEAST THREE MEMBERS OF THE COMMITTEE. ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL RECEIVE NOTIFICATIONS REGARDING MEETINGS OF THE EXECUTIVE COMMITTEE AND ARE WELCOME UPON INVITATION TO PARTICIPATE IN SUCH SESSIONS. THE MEMBERS OF THE EXECUTIVE COMMITTEE, IN ADDITION TO THE CHAIR AND THE PRESIDENT OF THE UNIVERSITY, SHALL BE THE VICE CHAIR(S) OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD (OR THE MOST IMMEDIATE PAST CHAIR ELIGIBLE TO SIT ON THE COMMITTEE), THE CHAIRS OF THE STANDING COMMITTEES AND ONE OR MORE AT-LARGE TRUSTEE MEMBERS APPOINTED BY THE CHAIR OF THE BOARD OF TRUSTEES AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 2 JOHN D. SIMMS, JR. (TRUSTEE) AND MICHELLE P. SIMMS (TRUSTEE) - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B AUDIT COMMITTEE MEMBERS AND THE CHAIRS OF THE TRUSTEE AND COMPENSATION COMMITTEES, AND CHAIRMAN OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR REVIEWING THE DRAFT FORM 990 PRIOR TO FILING. THE DRAFT FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD OF TRUSTEES IS CHARGED WITH CONTACTING ALL BOARD MEMBERS TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FORM HAS BEEN COMPLETED. FOR STAFF, THE VICE PRESIDENT FOR FINANCE SENDS A REQUEST TO ALL STAFF WHO ARE REQUIRED TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FROM HAS BEEN COMPLETED. THE CHAIR OF THE TRUSTEE COMMITTEE REVIEWS ALL CONFLICT OF INTEREST STATEMENTS SUBMITTED BY ALL TRUSTEES. IF CONFLICTS REQUIRE ADDITIONAL REVIEW, THE UNIVERSITY BY-LAWS PROVIDES FOR A SPECIAL COMMITTEE TO BE FORMED TO ADDRESS SUCH CONFLICTS. IN ADDITION, CONFLICTS OF INTEREST DISCUSSION IS ON ALL MEETING AGENDAS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS. COMPARABLE MARKET DATA IS USED BY THE HUMAN RESOURCE DEPARTMENT AND PRESIDENT WHEN EVALUATING AN INDIVIDUAL'S COMPENSATION AND CHANGES TO COMPENSATION ARE DOCUMENTED IN DETAIL IN THE EMPLOYEE'S RECORD. CHANGES IN COMPENSATION ARE APPROVED BY THE PRESIDENT, AS WELL AS THROUGH THE BOARD OF TRUSTEES THROUGH THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, LINE 15B COMPENSATION FOR OFFICERS AND KEY EMPLOYEES, WHEN APPLICABLE, OF THE UNIVERSITY IS REVIEWED ON AN ANNUAL BASIS. COMPARABLE MARKET DATA IS USED BY THE HUMAN RESOURCE DEPARTMENT AND PRESIDENT WHEN EVALUATING AN INDIVIDUAL'S COMPENSATION AND CHANGES TO COMPENSATION ARE DOCUMENTED IN DETAIL IN THE EMPLOYEE'S RECORD. CHANGES IN COMPENSATION ARE APPROVED BY THE PRESIDENT, AS WELL AS THROUGH THE BOARD OF TRUSTEES THROUGH THE ANNUAL BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES ADJUSTMENT OF ANNUITIES: $(81,549) CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST: -$797,973 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP: $2,028,873 CHANGE IN ASSET RETIREMENT OBLIGATION: $11,000 FORM 990 PART IX LINE 11G DESCRIPTION:ONLINE CLASS MGMT/INFO TECH TOTAL FEES:7505906 FORM 990 PART IX LINE 11G DESCRIPTION:FOOD SERVICE TOTAL FEES:3880305 FORM 990 PART IX LINE 11G DESCRIPTION:FACILITIES MAINTENANCE TOTAL FEES:3648437 FORM 990 PART IX LINE 11G DESCRIPTION:DEBT SERVICE TOTAL FEES:401959 FORM 990 PART IX LINE 11G DESCRIPTION:OFFICIATING TOTAL FEES:100698 FORM 990 PART IX LINE 11G DESCRIPTION:PERFORMANCE HONORIARIA TOTAL FEES:207375 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:4050418