2023-05-10T13:42:47-05:00 2022-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2021-07-01 160743088 NAZARETH COLLEGE OF ROCHESTER NAZA 5853892525 4245 EAST AVENUE ROCHESTER NY 14618 PATRICK E RICHEY INTERIM VP FOR FINANCE & CONTR 5853892525 2023-05-09 1 PATRICK RICHEY XXX-XX-XXXX RICHARD LEICHT P01378913 5853811000 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR ELIZABETH PAUL 4245 EAST AVENUE ROCHESTER NY 14618 138558810 0 X WWW.NAZ.EDU X 1924 NY NAZARETH COLLEGE FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 29 27 2192 183 116304 77124 7693544 11426289 109083053 108250411 5315042 3455683 543520 952643 122635159 124085026 36441013 39304666 0 0 45980725 46574702 22047 0 1210049 34096540 38167539 116540325 124046907 6094834 38119 299176817 285294834 68721462 64905850 230455355 220388984 X NAZARETH COLLEGE FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 0 0 33424705 91346766 HIGHER EDUCATION INSTRUCTION-REFLECTS EXPENSES DIRECTLY RELATING TO THE DELIVERY OF QUALITY INSTRUCTIONAL PROGRAMS AT THE UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION LEVELS. PROGRAMS OF STUDY ARE DELIVERED THROUGH THE COLLEGE OF ARTS AND SCIENCES, AND SCHOOLS OF EDUCATION, BUSINESS AND LEADERSHIP, AND HEALTH AND HUMAN SERVICES. (2,523 TOTAL STUDENT FTE'S) 39304666 39304666 SCHOLARSHIP PROGRAMS: SCHOLARSHIPS AND GRANTS-REFLECTS THE COMPETITIVE SCHOLARSHIPS, NEED BASED AID, AND HIGHER EDUCATION OPPORTUNITY GRANTS AWARDED TO STUDENTS IN ORDER TO MAKE THE TOTAL COST OF ATTENDANCE MORE AFFORDABLE. (2,523 TOTAL STUDENT FTE'S) 14218423 16852770 AUXILIARY ENTERPRISES-PERTAINS TO THE OPERATIONS OF THE INSTITUTION THAT EXIST TO FURNISH A SERVICE TO STUDENTS, FACULTY, OR STAFF, AND THAT CHARGE A FEE THAT IS DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE SERVICE. AUXILIARY ENTERPRISES ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND STUDENT HEALTH SERVICES. (2,523 TOTAL STUDENT FTE'S) 24788338 721604 ALL OTHER PROGRAM EXPENSES, INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND ARTS CENTER. STUDENT SERVICES PERTAINS TO OFFICES SERVING STUDENTS INCLUDING REGISTRATION AND RECORDS, STUDENT DEVELOPMENT, CENTER FOR LIFE'S WORK, ENROLLMENT MANAGEMENT AND CENTER FOR STUDENT SUCCESS. ATHLETIC EXPENSES ARE ALSO INCLUDED IN THIS CATEGORY. ACADEMIC SUPPORT PERTAINS TO LIBRARY SERVICES, ACADEMIC ADVISEMENT, THE CENTER FOR INTERNATIONAL EDUCATION AND THE OFFICES OF THE DEANS, AMONG OTHERS. THE ARTS CENTER IS A PRESENTER OF EXCEPTIONAL MUSIC, THEATER AND DANCE PERFORMANCES. (2,523 TOTAL STUDENT FTE'S) 24788338 721604 111736132 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3344 0 2192 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CO LA OK WV FL NC CA KY X KRISTEN GREEN 5853892525 4245 EAST AVE ROCHESTER NY 14618 JOHN DRAIN VICE CHAIR 2.00 X X 0 0 0 TIMOTHY FOURNIER CHAIR 2.00 X X 0 0 0 JACK ALLOCCO TRUSTEE 2.00 X 0 0 0 YOLANDA RAMOS BENITEZ TRUSTEE 2.00 X 0 0 0 STEPHEN BROWN TRUSTEE 2.00 X 0 0 0 BRIAN COOPER TRUSTEE 2.00 X 0 0 0 RACHEL BAILEY JONES FACULTY REPRESENTATIVE - TRUSTEE 35.00 X 83506 0 16118 SERGIO ESTEBAN TRUSTEE 2.00 X 0 0 0 EMIL DUDA TRUSTEE 2.00 X 0 0 0 JUSTIN STEVENS TRUSTEE 2.00 X 0 0 0 ANDREW GALLINA TRUSTEE 2.00 X 0 0 0 BRIAN HICKEY TRUSTEE 2.00 X 0 0 0 RICHARD KAPLAN TRUSTEE 2.00 X 0 0 0 GEORGIA LAMB TRUSTEE 2.00 X 0 0 0 ELIZABETH MCANARNEY TRUSTEE 2.00 X 0 0 0 MITCHELL NUSBAUM TRUSTEE 2.00 X 0 0 0 RICHARD PIERPONT TRUSTEE 2.00 X 0 0 0 CORAL SURGEON TRUSTEE 2.00 X 0 0 0 FRANK YORK TRUSTEE 2.00 X 0 0 0 DUFFY PALMER TRUSTEE 2.00 X 0 0 0 EDWARD LEVA TRUSTEE 2.00 X 0 0 0 MARISA GEITNER TRUSTEE 2.00 X 0 0 0 SCOTT CHAPMAN TRUSTEE 2.00 X 0 0 0 EILEEN DALY TRUSTEE 2.00 X 0 0 0 ROGER FRIEDLANDER TRUSTEE 2.00 X 0 0 0 KENNETH GLAZER TRUSTEE 2.00 X 0 0 0 GRANT RANDALL TRUSTEE 2.00 X 0 0 0 BETSY RIEDMAN TRUSTEE 2.00 X 0 0 0 MICHAEL HESS TRUSTEE UNTIL 12/31/2021 2.00 X 0 0 0 JAMES OCKENDAN TRUSTEE UNTIL 3/1/2022 2.00 X 0 0 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 50.00 X X 494948 0 27373 WILLIAM LAMMELA FACULTY REPRESENTATIVE THROUGH 8/2021 2.00 X 111269 0 18105 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMI 50.00 X 218593 0 11273 PATRICK RICHEY VICE PRESIDENT FOR FINANCE 50.00 X 229235 0 16308 MICHAEL MCGWIN INTERIM VP FOR ENTROLLMENT MANAGEMENT 50.00 X 131453 0 9101 DARRELL BELL VP FOR ADVANCEMENT 50.00 X 123695 0 8788 LISA DURANT-JONES VP FOR COMMUNITY & BELONGING 50.00 X 179866 0 12861 ELIZABETH CRONIN VP OF MARKETING & COMMUNICATIONS 50.00 X 151416 0 15791 FRANK WILLIAMS VP FOR STRATEGIC ENROLLMENT MANAGMENT 50.00 X 70070 0 6573 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & SCIENCES 50.00 X 154691 0 20057 KAREN KUPPINGER CHIEF INFORMATION OFFICER 50.00 X 144653 0 10387 KENNETH RHEE DEAN, SCHOOL OF BUSINESS & LEADER 50.00 X 148883 0 12719 VINCE ANDERSON DIRECTOR OF ENTERPRISE AND NETWORK SOLUTIONS 50.00 X 134831 0 17583 CATHERINE RASMUSSEN INTERIM DEAN SCHOOL OF HEALTH AND HUMAN SERVICES 50.00 X 130834 0 9477 MEAGHAN ARENA FORMER VP OF ENROLLMENT 50.00 X 194338 0 6331 2702281 0 218845 39 1 1 0 HARTER SECREST & EMERY LLP 1600 BAUSCH LOMB PLACE ROCHESTER NY 14604 LEGAL FEES 440318 SWBR ARCHITECTS 387 EAST MAIN STREET ROCHESTER NY 14604 ARCHITECTS 398761 ELLUCIAN 62578 COLLECTION CENTER DRIVE CHICAGO IL 606930625 SOFTWARE 347562 DOMICELLO ENTERPRISES 1395 ALLEN ROAD PENFIELD NY 14526 CONSTRUCTION 201170 4 11135 7495568 3919586 161237 11426289 TUITION AND FEES 611310 91346766 91346766 ROOM AND BOARD 611310 15721912 15721912 OTHER AUXILIARY INCOME 611310 1130858 1127108 3750 ART CENTER PROGRAM 611310 50875 1814 49061 108250411 1524382 1524382 22 22 92805 0 92805 92805 92805 16390697 14455829 3589 1934868 -3589 1931279 1931279 14400 11135 14366 34 34 INDIRECT COST RATE REIMBURSEMENT 900099 72771 72771 787033 723540 63493 859804 124085026 108921140 116304 3621293 39104056 39104056 200610 200610 1846251 793316 660225 392710 35883485 30819345 4615190 448950 1630841 1408978 199573 22290 4494677 3797440 609333 87904 2719448 2288188 372236 59024 405577 405577 69225 69225 696815 696815 1339774 853543 404982 81249 1648202 1281745 366457 2004282 1344574 597819 61889 1725059 1682729 37490 4840 10972 10972 7909338 7310854 598484 803233 785400 11441 6392 162581 96652 59692 6237 1938507 1790059 148448 8834240 8260015 574225 880418 836397 44021 FOOD SERVICE 4849500 4717331 100486 31683 OTHER 4042777 3572075 466866 3836 ACADEMIC COURSE WAIVERS 847039 781853 62141 3045 124046907 111736132 11100726 1210049 826245 849923 24834004 27591963 2510666 1940040 2672955 2479052 837859 658605 2187872 2635415 305362828 152936364 156164728 152426464 67687206 59880446 39734881 35442878 1720401 1390048 299176817 285294834 7079195 7382404 779731 794181 46470519 44077731 14392017 12651534 68721462 64905850 X 184822721 177895155 45632634 42493829 230455355 220388984 299176817 285294834 X 38119 -12144711 2040221 X X 0 1 X 1 1 1 X 9215785 7188336 7396310 7693544 11426289 42920264 9215785 7188336 7396310 7693544 11426289 42920264 392672 42527592 1825527 2124127 1781255 1443489 1524404 8698802 5197 17826 15578 77125 115726 809059 781989 832136 421414 787033 3631631 55366423 221299658 0.76810 0.57720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 3091 1 1550 0 4641 0 SCHEDULE C, PART II-B, LINE 1 THE COLLEGE IS A MEMBER OF A REGIONAL CHAMBER OF COMMERCE WHEREBY 10% OF THEIR ACTIVITIES ENGAGE IN STATE AND FEDERAL LOBBYING. IN ADDITION, THE PRESIDENT AS WELL AS AN ADDITIONAL STAFF MEMBER AVERAGED 49 HOURS IN FISCAL YEAR 2022 ENGAGED IN LOBBYING ACTIVITIES FOR THE COLLEGE. THESE ACTIVITIES INCLUDED PHONE CONVERSATIONS AND MEETINGS WITH LEGISLATORS AND OTHER GOVERNMENT OFFICIALS, SEEKING FEDERAL AND STATE AID FOR NAZARETH COLLEGE INITIATIVES. 86017483 831018 -6562902 -1180090 -1186327 77919182 68365634 362999 21939719 1161463 3489406 86017483 71326126 1724638 -925108 1098175 2661848 68365634 69127326 2449623 2950420 887772 2313471 71326126 65719955 1861568 4816567 942752 2328012 69127326 0.62200 0.37800 0 0 8232974 8232974 147410569 49791031 97619538 759816 288813 471003 53141350 42022561 11118789 95818119 60833959 34984160 152426464 35442878 F 35442878 ACCRUED POST RETIREMENT BENEFIT COSTS 8891011 ASSET RETIREMENT OBLIGATION 3092803 GOVERNMENT LOAN PROGRAM REFUNDABLE ADVANCES 667720 12651534 71956789 -12144711 -39304666 -51449377 123406166 696815 -17955 678860 124085026 84063381 17955 17955 84045426 696815 39304666 40001481 124046907 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -39,304,666. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -3,589. SPECIAL EVENT EXPENSES -14,366. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 3,589. SPECIAL EVENT EXPENSES 14,366. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 39,304,666. 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 COLLEGE USES ITS WEBSITE AS A MEANS OF PUBLICIZING ITS NON-DISCRIMINATORY POLICY. THE COLLEGE BELIEVES THAT NOTICES SUCH AS THIS, PREVIOUSLY PUBLISHED IN THE NEWSPAPER, ARE MORE EFFECTIVELY COMMUNICATED THROUGH THE USE OF ITS WEBSITE, HIGHLY VISIBLE AND FREQUENTED BY STUDENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDING FROM THE US DEPARTMENT OF EDUCATION FOR THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PELL GRANT PROGRAM, AND TEACH GRANTS. NEW YORK STATE FUNDS VARIOUS PROGRAMS SUCH AS: HIGHER EDUCATIONAL OPPORTUNITY PROGRAM, TEACHERS OPPORTUNITY CORP., EISENHOWER GRANT, NYS TAP, NYS EXCELLENCE, AND NYS LOTTERY AND STATE APPROPRIATIONS IN THE FORM OF BUNDY AID AND HIGH NEEDS NURSING AID. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING AWARDED FINANCIAL AID 127860 EUROPE 0 0 GRANTMAKING AWARDED FINANCIAL AID 15000 NORTH AMERICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 56750 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 6413 NORTH AMERICA 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 1523 SOUTH ASIA 0 0 GRANTMAKING AWARDED FINANCIAL AID 1000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS PASSIVE FOREIGN INVESTMENTS 1133118 0 0 0 0 0 0 1341664 0 1341664 FINANCIAL AID EAST ASIA AND THE PACIFIC 8 127860 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID EUROPE 1 15000 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID NORTH AMERICA 3 56750 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE EAST ASIA AND THE PACIFIC 2 6413 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID SOUTH ASIA 1 1000 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE NORTH AMERICA 1 1523 CREDIT ON THE STUDENT FAIR MARKET VALUE 0 0 0 1 1 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVING SCHOLARSHIPS ARE CODED SEPARATELY IN THE COLLEGE'S ERP SYSTEM. A REPORT IS GENERATED FROM THE COLLEGE'S ERP SYSTEM DETAILING EACH STUDENT AND THEIR SPECIFIC AWARDS. THIS REPORT IS REVIEWED PERIODICALLY TO MONITOR FUNDS. PART III ACCOUNTING METHOD: ATHLETICS GOLF TOURNAMENT 25535 11135 14400 10988 3378 25535 11135 14400 10988 3378 14366 34 1 COMPETITIVE SCHOLARSHIPS 1958 28856839 GRANTS IN AID 1716 8974384 HIGHER EDUCATION OPPORTUNITY PROGRAM (HEOP) 42 1264897 PART I, LINE 2: ALL COLLEGE SCHOLARSHIPS AND GRANTS ARE AWARDED THROUGH THE FINANCIAL AID PROCESS AND ARE RECORDED AS CREDITS ON THE STUDENTS' ACCOUNTS. THESE AWARDS HELP TO OFFSET THE COST OF TUITION, FEES AND ROOM AND BOARD. THE SCHOLARSHIPS AND GRANTS ARE TRACKED IN THE COLLEGE'S ERP SYSTEM AND MONITORED FOR COMPLIANCE WITHIN THE FINANCIAL AID OFFICE TO COMPLY WITH INTERNAL AND EXTERNAL REGULATIONS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 403120 0 0 0 91828 0 14500 0 12873 0 522321 0 0 0 PATRICK RICHEY VICE PRESIDENT FOR FINANCE 228275 0 0 0 960 0 15927 0 381 0 245543 0 0 0 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMI 218593 0 0 0 0 0 10892 0 381 0 229866 0 0 0 MEAGHAN ARENA FORMER VP OF ENROLLMENT 194098 0 0 0 240 0 3015 0 3316 0 200669 0 0 0 LISA DURANT-JONES VP FOR COMMUNITY & BELONGING 179866 0 0 0 0 0 12480 0 381 0 192727 0 0 0 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & SCIENCES 153971 0 0 0 720 0 9367 0 10690 0 174748 0 0 0 ELIZABETH CRONIN VP OF MARKETING & COMMUNICATIONS 150456 0 0 0 960 0 10479 0 5312 0 167207 0 0 0 KENNETH RHEE DEAN, SCHOOL OF BUSINESS & LEADER 148883 0 0 0 0 0 7407 0 5312 0 161602 0 0 0 KAREN KUPPINGER CHIEF INFORMATION OFFICER 143693 0 0 0 960 0 10006 0 381 0 155040 0 0 0 VINCE ANDERSON DIRECTOR OF ENTERPRISE AND NETWORK S 107067 0 0 0 27764 0 7353 0 10230 0 152414 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIPS PROVIDED FOR BUSINESS USE. PART I, LINE 7 VINCE ANDERSON RECEIVED A DEPENDENT TUITION BENEFIT VALUED AT $26,803. A MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TBE7 2011-08-04 23765000 NEW CONSTRUCTION OF A BUILDING AND REFUNDING OF 2004B BONDS 1 0 0 B COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY 161005429 610752EK9 2008-01-30 9030000 TO FINANCE CONSTRUCTION OF A BUILDING AND SITE IMPROVEMENTS 0 0 0 C MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TFT0 2013-06-13 13905000 REFUNDING OF SERIES 2001 1 0 0 D MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TTW8 2017-12-20 31645000 NEW CONSTRUCTION OF BUILDINGS AND REFUNDING OF 2011 BONDS 0 0 0 A 5805000 15355000 23542430 931722 647870 15000000 2012 0 0 1 1 B 2015000 9030000 335820 8567632 126548 2009 0 0 1 1 C 4060000 14625806 448626 518 2013 1 0 1 1 D 32800499 754213 16613043 829051 14603746 2019 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 JP MORGAN CHASE BANK 30.000000000000 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART II, LINE 3, COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - BOND ISSUE A, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE DISCOUNT ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL B 01/30/2008 $9,030,000 COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL C 6/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL C 06/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. X 13 161237 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE COMPOSITION CONSISTS OF THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE COLLEGE, AND NO FEWER THAN TWO AND NO MORE THAN FOUR TRUSTEES ELECTED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL SERVE FOR A TERM OF ONE YEAR AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. ALL COMMITTEE MEMBERS ARE ON THE GOVERNING BOARD. SCOPE OF AUTHORITY - THE COMMITTEE SHALL HAVE THE POWER TO ACT WHEN THE BOARD IS NOT IN SESSION, AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN ALL MATTERS WHICH IN THE JUDGMENT OF THE EXECUTIVE COMMITTEE SHOULD NOT BE DELAYED UNTIL THE NEXT MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL MAKE A FORMAL REPORT OF ITS ACTIONS, IF ANY, TO THE BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE GOVERNING BODY, REVIEWED THE 2021 FORM 990 IN DETAIL PRIOR TO ITS FILING. AFTER APPROVAL OF THE AUDIT COMMITTEE, BUT PRIOR TO FILING, ACCESS TO THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA SECURE PORTAL. AT THE SAME TIME, EACH TRUSTEE IS NOTIFIED THAT THE RETURN HAS BEEN MADE AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 14 WHILE VARIOUS DEPARTMENTS WITHIN THE COLLEGE HAVE SPECIFIC GUIDELINES THAT THEY FOLLOW RELATED TO DOCUMENT RETENTION AND DESTRUCTION, THERE IS NO INSTITUTION WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO THE TRUSTEES, OFFICERS, THE ASSISTANT SECRETARY TO THE BOARD AND THE SECRETARY TO THE COLLEGE. THE INFORMATION RECEIVED IS COMPILED, ANALYZED, MAINTAINED AND MONITORED BY THE COLLEGE'S GENERAL COUNSEL. ALL RESULTS ARE FORWARDED TO THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE TRUSTEESHIP COMMITTEE, COLLEGE'S PRESIDENT, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ON A QUARTERLY BASIS THE CONTROLLER'S OFFICE REVIEWS ALL VENDOR PAYMENTS FOR CONFLICTS AND DISCLOSES ALL ACTIVITY TO THE AUDIT COMMITTEE AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION SUB-COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, MEETS ANNUALLY TO REVIEW THE PRESIDENT'S PERFORMANCE AS COMPARED TO THE GOALS SET FORTH FROM THE PREVIOUS FISCAL YEAR. IN ADDITION, THE SUB-COMMITTEE'S RECOMMENDATIONS ALONG WITH DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT ARE SUBMITTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND ENDORSEMENT. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE RECOMMENDATIONS ARE CONSIDERED AND VOTED ON BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. COMPENSATION LEVELS FOR THE VICE PRESIDENTS OF THE COLLEGE ARE DETERMINED ANNUALLY BY THE PRESIDENT, WITH REVIEW AND ENDORSEMENT FROM THE EXECUTIVE COMMITTEE OF THE BOARD. INPUTS INCLUDE PERFORMANCE TO ANNUAL GOALS, AN OVERALL ASSESSMENT OF SIGNIFICANT CONTRIBUTIONS TO AND LEADERSHIP OF THE COLLEGE, AS WELL AS COMPETITIVENESS OF PAY RELATIVE TO COMPARABLE INSTITUTIONS. ON A PERIODIC BASIS, AN INDEPENDENT CONSULTANT IS ENGAGED TO REVIEW FOR EACH VICE PRESIDENT, TO PROVIDE COMPETITIVE MARKET INFORMATION, AND TO RECOMMEND ADJUSTMENTS FOR CONSIDERATION BY THE PRESIDENT AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 929,538. POST RETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST 1,110,683. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO OVERSIGHT PROCESS OR SELECTION PROCESS RELATED TO INDEPENDENT AUDITORS DURING THE CURRENT YEAR.