2025-05-12T07:41:26-05:00 2024-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2023-07-01 160743088 NAZARETH UNIVERSITY NAZA 5853892525 4245 EAST AVENUE ROCHESTER NY 14618 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRAT 5853892525 2025-05-09 1 1 JOSEPH PEPLIN P01311564 5853811000 2025-05-09 2023 2025-03-06 01:10:19Z DR ELIZABETH PAUL 4245 EAST AVENUE ROCHESTER NY 14618 130213728 0 X WWW.NAZ.EDU X 1924 NY NAZARETH UNIVERSITY 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. 28 25 2237 283 357219 183671 8637845 7586836 108774665 110995818 19611232 6337839 1420624 1426277 138444366 126346770 38009998 39930236 0 0 47114184 50969663 0 0 1431596 39534131 40300909 124658313 131200808 13786053 -4854038 289521924 291769437 61618162 58329034 227903762 233440403 X NAZARETH UNIVERSITY 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 36121922 92207820 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 LIBERAL ARTS, SCIENCES, BUSINESS & EDUCATION, AND COLLEGE OF VISUAL, PERFORMING ARTS & DESIGN. (2,308 TOTAL STUDENT FTES) 39930236 39930236 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. (2,308 TOTAL STUDENT FTES) 15459368 18781598 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. (2,308 TOTAL STUDENT FTES) 26648426 809956 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. (2,308 TOTAL STUDENT FTES) 26648426 809956 118159952 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 1 0 1 0 1 0 0 0 0 0 0 0 0 1 3975 0 2237 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CO LA WV FL CA X KAREN KUPPINGER 5853892525 4245 EAST AVE ROCHESTER NY 14618 ELIZABETH PAUL PRESIDENT AND TRUSTEE 50.00 X X 482104 0 34086 RACHEL BAILEY JONES FACULTY REPRESENTATIVE - TRUSTEE 35.00 X 76112 0 20050 YOLANDA BENITEZ TRUSTEE 2.00 X 0 0 0 STEPHEN BROWN TRUSTEE 2.00 X 0 0 0 SCOTT D CHAPMAN TRUSTEE 2.00 X 0 0 0 BRIAN COOPER TRUSTEE 2.00 X 0 0 0 JOHN DRAIN BOARD CHAIR 2.00 X X 0 0 0 EMIL DUDA TRUSTEE 2.00 X 0 0 0 SERGIO ESTEBAN TRUSTEE 2.00 X 0 0 0 TIMOTHY FOURNIER TRUSTEE 2.00 X 0 0 0 ROGER B FRIEDLANDER TRUSTEE 2.00 X 0 0 0 ANDREW R GALLINA BOARD VICE CHAIR 2.00 X X 0 0 0 KENNETH GLAZER TRUSTEE 2.00 X 0 0 0 ANNE MCCAFFREY TRUSTEE 2.00 X 0 0 0 RICHARD A KAPLAN TRUSTEE 2.00 X 0 0 0 EDWARD LEVA TRUSTEE 2.00 X 0 0 0 DANIELLE ABRAMSON TRUSTEE 2.00 X 0 0 0 DUFFY PALMER TRUSTEE 2.00 X 0 0 0 RICHARD F PIERPONT TRUSTEE 2.00 X 0 0 0 GRANT J RANDALL TRUSTEE 2.00 X 0 0 0 BETSY RIEDMAN TRUSTEE 2.00 X 0 0 0 JUSTIN STEVENS TRUSTEE 2.00 X 0 0 0 CORAL SURGEON TRUSTEE 2.00 X 0 0 0 SUSAN GENTHNER TRUSTEE 2.00 X 0 0 0 RYAN FELTNER TRUSTEE 2.00 X 0 0 0 MICHAEL PERRONE TRUSTEE 2.00 X 0 0 0 MIGUEL VELAZQUEZ TRUSTEE 2.00 X 0 0 0 MARY LOUISE MITCHELL SSJ TRUSTEE 2.00 X 0 0 0 MARISA GEITNER TRUSTEE UNTIL 5/4/2024 2.00 X 0 0 0 JACK ALLOCCO TRUSTEE UNTIL 10/13/2023 2.00 X 0 0 0 EILEEN DALY SSJ TRUSTEE UNTIL 10/13/2023 2.00 X 0 0 0 GEORGIA LAMB TRUSTEE UNTIL 10/13/2023 2.00 X 0 0 0 ELIZABETH MCANARNEY TRUSTEE UNTIL 10/13/2023 2.00 X 0 0 0 MAUREEN FINNEY PROVOST IN ACADEMIC AFFAIRS 50.00 X 232398 0 52009 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRATION 50.00 X 203704 0 13688 KRISTEN GREEN ASSOCIATE VICE PRESIDENT FOR FINANCE AND CONTROLLE 50.00 X 149152 0 26389 DARRELL BELL VP FOR ADVANCEMENT 50.00 X 200442 0 16759 WAYNE HILSON VP OF CULTURE, COMMUNITY, AND BELONGING 50.00 X 146413 0 22142 YOUSUF GEORGE VP FOR STRATEGY AND INNOVATION 50.00 X 159293 0 49691 DANIELLE BUCCI VP FOR STRATEGIC ENROLLMENT, MARKETING START 4/23 50.00 X 141248 0 11511 DAMIKA ARNOLD SENIOR PEOPLE OFFICER 50.00 X 146744 0 13804 RON NETSKY PROFESSOR IN ART 50.00 X 125088 0 22325 CATHERINE S RASMUSSEN DEAN SCHOOL OF HEALTH AND HUMAN SERVICES 50.00 X 156186 0 11343 THOMAS LAPPAS DEAN IN COLLEGE OF LIBERAL ARTS, SCIENCES, BUSINES 50.00 X 144271 0 10480 ROSE HAIR ASSOCIATE PROFESSOR IN BUSINESS AND LEADERSHIP 50.00 X 137943 0 10036 FRANK WILLIAMS FORMER VP FOR STRATEGIC ENROLLMENT MNGMT THRU 6/23 50.00 X 141983 0 81617 2643081 0 395930 79 1 1 0 LECHASE CONSTRUCTION SERVICES 205 INDIGO CREEK DR ROCHESTER NY 14626 CONSTRUCTION 5803100 SWBR ARCHITECTS 260 E MAIN ST SUITE 4000 ROCHESTER NY 14604 ARCHITECTS 862646 HARTER SECREST & EMERY LLP 1600 BAUSCH LOMB PLACE ROCHESTER NY 14604 LEGAL FEES 297148 DOMICELLO ENTERPRISES 1395 ALLEN ROAD PENFIELD NY 14526 CONSTRUCTION 260290 MONROE COMMUNITY SPORTS 1000 E HENRIETTA RD ROCHESTER NY 14623 ICE RINK RENTAL 110000 5 33410 2945224 4608202 202651 7586836 TUITION AND FEES 611310 92207820 92207820 ROOM AND BOARD 611310 17552045 17552045 OTHER AUXILIARY INCOME 611310 1235953 1209734 26219 110995818 2813771 2813771 112795 0 112795 112795 112795 7370392 4175 3765223 85276 3605169 -81101 3524068 3524068 17780 33410 16459 1321 1321 INDIRECT COST RATE REIMBURSEMENT 900099 149597 149597 1162564 831564 331000 1312161 126346770 111801163 357219 6601552 39676402 39676402 253834 253834 1829663 738347 691537 399779 39738284 34010388 5144847 583049 1472446 1270806 181752 19888 5019557 4234273 681485 103799 2909713 2442076 400645 66992 248541 5520 243021 88000 88000 764495 764495 6819838 5979030 788365 52443 854324 684791 169533 2127034 1554346 434348 138340 2028812 1982703 38273 7836 10116 10116 3909568 3526358 383210 924619 894938 15132 14549 197809 149815 41821 6173 1754257 1618708 135549 8789644 8218317 571327 965904 917639 48265 FOOD SERVICE 5481714 5337632 110589 33493 OTHER 4534726 3887941 644755 2030 ACADEMIC COURSE WAIVERS 801508 765972 32311 3225 131200808 118159952 11609260 1431596 686920 663780 41601344 34177841 2703275 2107190 2461270 3047832 378369 313610 2334881 2052874 321296567 167435350 153008475 153861217 52317722 58354842 32480842 35421380 1548826 1768871 289521924 291769437 6792567 6248344 808109 783416 42271093 40379454 11746393 10917820 61618162 58329034 X 181147519 182205883 46756243 51234520 227903762 233440403 289521924 291769437 X -4854038 10346998 43681 X X 0 1 X 1 1 1 X 7396310 7693544 11426289 8637845 7586836 42740824 7396310 7693544 11426289 8637845 7586836 42740824 1179428 41561396 1781255 1443489 1524404 2846672 2813771 10409591 17826 15578 77125 157765 183671 451965 832136 421414 787033 1039783 831564 3911930 57514310 546201747 0.72260 0.74680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 7500 1 2960 0 10460 0 SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY 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 70 HOURS IN FISCAL YEAR 2024 ENGAGED IN LOBBYING ACTIVITIES FOR THE UNIVERSITY. THESE ACTIVITIES INCLUDED PHONE CONVERSATIONS AND MEETINGS WITH LEGISLATORS AND OTHER GOVERNMENT OFFICIALS, SEEKING FEDERAL AND STATE AID FOR NAZARETH UNIVERSITY INITIATIVES. 84424711 1416646 11455123 1322768 2444939 93528773 77919182 2647719 8079213 1434947 2786456 84424711 86017483 831018 -6562902 1180090 1186327 77919182 68365634 362999 21939719 1161463 3489406 86017483 71326126 1724638 -925108 1098175 2661848 68365634 0.53494 0.27110 0.19396 0 0 8232974 8232974 148655551 55207405 93448146 759816 433739 326077 54306663 43251210 11055453 109341563 68542996 40798567 153861217 ALTERNATIVE INVESTMENTS 35421380 F 35421380 ACCRUED POST RETIREMENT BENEFIT COSTS 7493494 ASSET RETIREMENT OBLIGATION 3424326 10917820 96096596 10346998 -39930236 -29583238 125679834 764496 -97560 666936 126346770 90603636 97560 97560 90506076 764496 39930236 40694732 131200808 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -39,930,236. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS -81,101. SPECIAL EVENT EXPENSES -16,459. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 81,101. SPECIAL EVENT EXPENSES 16,459. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 39,930,236. 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 UNIVERSITY USES ITS WEBSITE AS A MEANS OF PUBLICIZING ITS NON-DISCRIMINATORY POLICY. THE UNIVERSITY 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 UNIVERSITY 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 76102 EUROPE 0 0 GRANTMAKING AWARDED FINANCIAL AID 47102 NORTH AMERICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 130630 NORTH AMERICA 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 4000 EUROPE 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 8063 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS PASSIVE FOREIGN INVESTMENTS 8685253 0 0 0 0 0 0 8951150 0 8951150 FINANCIAL AID EAST ASIA AND THE PACIFIC 4 76102 CREDIT ON THE STUDENT'S ACCOUNT FINANCIAL AID EUROPE 3 47102 CREDIT ON THE STUDENT'S ACCOUNT FINANCIAL AID NORTH AMERICA 8 130630 CREDIT ON THE STUDENT'S ACCOUNT GRADUATE TUITION ASSISTANCE NORTH AMERICA 1 4000 CREDIT ON THE STUDENT'S ACCOUNT GRADUATE TUITION ASSISTANCE EUROPE 1 8063 CREDIT ON THE STUDENT'S ACCOUNT 1 0 0 1 1 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVING SCHOLARSHIPS ARE CODED SEPARATELY IN THE UNIVERSITY'S ERP SYSTEM. A REPORT IS GENERATED FROM THE UNIVERSITY'S ERP SYSTEM DETAILING EACH STUDENT AND THEIR SPECIFIC AWARDS. THIS REPORT IS REVIEWED PERIODICALLY TO MONITOR FUNDS. LACROSSE GOLF TOURNAMENT 14000 8100 5900 3857 500 ATHLETICS GOLF TOURNAMENT 37190 25310 11880 12102 51190 33410 17780 15959 500 16459 1321 1 COMPETITIVE SCHOLARSHIPS 1833 30481214 GRANTS IN AID 1325 7400319 HIGHER EDUCATION OPPORTUNITY PROGRAM (HEOP) 58 1782806 PART I, LINE 2: ALL UNIVERSITY 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 UNIVERSITY'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 0 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 379626 0 0 0 102478 0 16500 0 17586 0 516190 0 0 0 MAUREEN FINNEY PROVOST IN ACADEMIC AFFAIRS 232398 0 0 0 0 0 11628 0 40381 0 284407 0 0 0 FRANK WILLIAMS FORMER VP FOR STRATEGIC ENROLLMENT M 141743 0 0 0 240 0 7745 0 73872 0 223600 0 0 0 KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRATION 203464 0 0 0 240 0 13307 0 381 0 217392 0 0 0 DARRELL BELL VP FOR ADVANCEMENT 200202 0 0 0 240 0 10144 0 6615 0 217201 0 0 0 YOUSUF GEORGE VP FOR STRATEGY AND INNOVATION 159293 0 0 0 0 0 10520 0 39171 0 208984 0 0 0 KRISTEN GREEN ASSOCIATE VICE PRESIDENT FOR FINANCE 148912 0 0 0 240 0 10499 0 15890 0 175541 0 0 0 WAYNE HILSON VP OF CULTURE, COMMUNITY, AND BELONG 146413 0 0 0 0 0 8000 0 14142 0 168555 0 0 0 CATHERINE S RASMUSSEN DEAN SCHOOL OF HEALTH AND HUMAN SERV 156186 0 0 0 0 0 10962 0 381 0 167529 0 0 0 DAMIKA ARNOLD SENIOR PEOPLE OFFICER 146744 0 0 0 0 0 0 0 13804 0 160548 0 0 0 THOMAS LAPPAS DEAN IN COLLEGE OF LIBERAL ARTS, SCI 144271 0 0 0 0 0 10099 0 381 0 154751 0 0 0 DANIELLE BUCCI VP FOR STRATEGIC ENROLLMENT, MARKETI 136248 0 0 0 5000 0 0 0 11511 0 152759 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIPS PROVIDED FOR BUSINESS USE. A COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY 161005429 610752EK9 2008-01-30 9030000 TO FINANCE CONSTRUCTION OF A BUILDING AND SITE IMPROVEMENTS 0 0 0 B MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TFT0 2013-06-13 13905000 REFUNDING OF SERIES 2001 0 0 0 C MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TTW8 2017-12-20 31645000 NEW CONSTRUCTION OF BUILDINGS AND REFUNDING OF 2011 BONDS 0 0 0 A 3580000 9030000 335820 8567632 126548 2009 0 0 1 1 B 7012501 14625806 448626 518 2013 1 0 1 1 C 4523801 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 A 0 0 1 0 1 1 JP MORGAN CHASE BANK 30.000000000000 1 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 A 0 B 0 C 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 UNIVERSITY 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 UNIVERSITY 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 UNIVERSITY 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 UNIVERSITY 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. OFFICERS 139088 TUITION REMISSION ANNE MCCAFFREY TRUSTEE 40698 MS. MCCAFFREY IS ASSOCIATED WITH ULRICH SIGNS. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY WAS FOLLOWED AND RESULTED IN ULRICH SIGNS BEING SELECTED FOR THE PURCHASE OF CAMPUS SIGNAGE BY ONLY INDEPENDENT BOARD MEMBERS. 0 X 9 198794 FAIR MARKET VALUE X GUITAR WITH HARD CASE 1 3159 FAIR MARKET VALUE X MEALS FOR LACROSSE TEAMS 1 698 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 UNIVERSITY, 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 2023 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 UNIVERSITY 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 UNIVERSITY ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO THE TRUSTEES, OFFICERS, THE ASSISTANT SECRETARY TO THE BOARD AND THE SECRETARY TO THE UNIVERSITY. THE INFORMATION RECEIVED IS COMPILED, ANALYZED, MAINTAINED AND MONITORED BY THE PRESIDENT'S OFFICE. ALL RESULTS ARE FORWARDED TO THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE TRUSTEESHIP COMMITTEE, UNIVERSITY'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 REQUIRED 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 UNIVERSITY 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 UNIVERSITY, 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 UNIVERSITY 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 128,328. CHANGE IN OBLIGATIONS OF POSTRETIREMENT BENEFIT PLAN -84,647. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO OVERSIGHT PROCESS OR SELECTION PROCESS RELATED TO INDEPENDENT AUDITORS DURING THE CURRENT YEAR.