2022-04-27T15:11:56-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 231413680 SALUS UNIVERSITY SALU 2157801400 8360 OLD YORK ROAD ELKINS PARK PA 19027 DONALD C KATES VP FINANCE 2157801400 2022-04-27 1 DONALD KATES 999009999 CONNIE M LIRA P00481097 2156433900 2022-04-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR MICHAEL H MITTELMAN 8360 OLD YORK ROAD ELKINS PARK PA 19027 55017980 0 X WWW.SALUS.EDU X 1919 PA ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES 21 20 804 20 0 0 4822063 4667979 45334602 48119834 129248 72912 1883216 1102741 52169129 53963466 2282086 2202233 0 0 34190155 33916496 0 64000 561838 14350885 15466184 50823126 51648913 1346003 2314553 72160426 71855290 53473609 44924068 18686817 26931222 X THE MISSION OF SALUS UNIVERSITY IS TO ADVANCE INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES. 0 0 31968142 2202233 45714069 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 ENROLLS APPROXIMATELY 1,200 STUDENTS. DURING THE YEAR 451 STUDENTS EARNED DEGREES, 21 EARNED CERTIFICATIONS, AND 38 STUDENTS COMPLETED NON-DEGREE STUDIES.(CONTINUED ON SCHEDULE O)IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE (COVID-19) A WORLDWIDE PANDEMIC. THE COVID-19 PANDEMIC IS HAVING SIGNIFICANT EFFECTS ON HIGHER EDUCATION, BUSINESSES, AND COMMUNITIES.AS A RESULT OF COVID-19, THE UNIVERSITY'S CAMPUS AND CLINICS WERE ORDERED TO CLOSE IN MARCH 2020. THE REMAINDER OF THE SPRING SEMESTER EDUCATION WAS DELIVERED THROUGH ONLINE LEARNING. SOME STUDENTS IN CLINICAL ROTATION HAD THEIR COURSE STUDY TEMPORARILY PAUSED UNTIL SUMMER AND FALL TERMS. COVID-19 MAY ALSO IMPACT VARIOUS PARTS OF THE UNIVERSITY'S FUTURE OPERATIONS AND FINANCIAL RESULTS, INCLUDING, BUT NOT LIMITED TO FLUCTUATIONS IN ENROLLMENT, LOSS OF CLINICAL AND AUXILIARY REVENUES, COST INCREASES IN TECHNOLOGY AND CLEANING THE FACILITIES. MANAGEMENT BELIEVES THE UNIVERSITY IS TAKING APPROPRIATE ACTIONS TO MITIGATE THE NEGATIVE IMPACT. HOWEVER, THE FULL IMPACT OF COVID-19 IS UNKNOWN AND CANNOT BE REASONABLY ESTIMATED AS THESE EVENTS ARE STILL DEVELOPING. 7877536 0 2684094 CLINICAL PROGRAM: THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 400 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDE EYE CARE, EAR CARE AND SPEECH AND LANGUAGE REHABILITATION TO OVER 50,000 PATIENTS A YEAR. 1299206 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. 41144884 1 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 1 1 1 1 0 0 1 0 0 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 1 200 2 1 804 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 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 403750 0 33033 MR BRIAN D ZUCKERMAN ESQ CHIEF OF STAFF 45.00 0.00 X 259190 0 54812 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 45.00 0.00 X 266424 0 37533 DR MITCHELL SCHEIMAN DEAN RESEARCH 35.00 0.00 X 268022 0 35900 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 35.00 0.00 X 264042 0 29818 MR ALEXANDER M DIZHOOR FACULTY 35.00 0.00 X 241867 0 45509 MR DONALD C KATES VP FINANCE 45.00 1.00 X 220458 0 56108 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 35.00 0.00 X 237700 0 28623 DR MARIA L PARISI FACULTY 35.00 0.00 X 217272 0 19237 MR JOHN GAAL VP CLINIC OPERATIONS 45.00 0.00 X 185925 0 43489 DR HELENE M KAISER TRUSTEE/INSTRUCTOR TO APR 2021 35.00 0.00 X 201719 0 22197 DR JAMIE AE NEIMAN TRUSTEE/INSTRUCTOR 1.00 0.00 X 123708 0 11096 MS JO SURPIN CHAIR 1.00 1.00 X X 0 0 0 DR DAN 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 REBECCA DELIA TREASURER 1.00 1.00 X X 0 0 0 MS TERRI ALBERTSON TRUSTEE 1.00 1.00 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 JAMES BRAND 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 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 ADRIENNE PHILLIPS TRUSTEE 1.00 0.00 X 0 0 0 MS SHANNON TORNOE TRUSTEE 1.00 0.00 X 0 0 0 MS EMILY TURNER TRUSTEE 1.00 0.00 X 0 0 0 MS JANE SCACCETTI TRUSTEE TO JAN 2021 1.00 1.00 X 0 0 0 2890077 0 417355 98 0 1 0 PATRIOT CONSTRUCTION INC 950 CALCON HOOK ROAD SUITE 25 SHARON HILL PA 19075 CONSTRUCTION SERVICES 1301074 VISTACOM INC 1902 VULTEE STREET ALLENTOWN PA 18103 TECHNOLOGY SERVICES 407772 EVOLVEIP LLC PO BOX 1023 SOUTHEASTERN PA 19398 TELECOMMUNICATIONS SERVICES 392012 METZ CULINARY MANAGEMENT TWO WOODLAND DRIVE DALLAS PA 18612 DINING MANAGEMENT SERVICES 366132 NEXTGEN HEALTHCARE PO BOX 80939 CHICAGO IL 60680 SOFTWARE FOR CLINICS 346858 34 167380 3012257 1488342 4667979 TUITION 611310 45714069 45714069 PATIENT CARE 611310 2405765 2405765 48119834 63913 63913 116845 116845 857372 869823 -12451 -12451 -12451 8999 0 8999 8999 8999 463020 184691 278329 278329 MANAGEMENT FEE 900099 367318 367318 HAFTER FEES 900099 209004 209004 OTHER OPERATING INCOME 900099 123662 123662 20034 20034 720018 53963466 48398163 0 897324 59100 59100 2143133 2143133 1926935 896521 1030414 23773412 20716966 2796018 260428 2260942 1942564 294183 24195 3914638 3339578 534227 40833 2040569 1721750 297985 20834 471220 471220 76356 76356 108860 108860 64000 64000 1808391 1564689 241308 2394 259990 233564 26426 1041108 480192 468916 92000 2895894 1464014 1431880 3215000 2371460 843540 18641 15251 3390 80013 76512 3501 423543 286023 137520 2724571 2046153 678418 626916 626916 MAINTENANCE 557139 292195 264944 PATIENT CARE 323090 317194 5896 EVENT EXPENSES 141092 49097 59611 32384 EQUIPMENT 118271 106389 11882 576089 551319 24770 51648913 41144884 9942191 561838 500 500 18062597 17614672 2395943 2754103 43473 59087 794301 880720 84448463 47919225 36784217 36529238 10104361 9429833 3975034 4587137 72160426 71855290 2578892 2802488 10908180 5912353 14096394 13669320 1347920 1008770 24542223 21531137 53473609 44924068 X 18341897 26763737 344920 167485 18686817 26931222 72160426 71855290 X 2314553 5929852 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 108860 108860 51630281 51739141 1000000 250000 0 0 1000000 1000000 1000000 3000000 4500000 25139 69868 108860 203867 250000 250000 250000 750000 1125000 46617036 702306 11760147 1671579 57407910 46254055 983421 1036248 1656688 46617036 24807417 20839667 2125455 1518484 46254055 23361107 427117 1849435 830242 24807417 21186946 113539 2848168 787546 23361107 0.83392 0.08329 0.08279 0 1 1 1460722 1460722 19989967 17941356 2048611 39782446 17847518 21934928 22737185 12130351 10606834 478143 478143 36529238 GOVERNMENT LOANS TO STUDENTS 9429833 F 9429833 DUE FROM RELATED PARTY 3793003 OTHER ASSETS 794134 4587137 GOVERNMENT ADVANCES 10996166 POST RETIREMENT BENEFITS 9260990 OTHER LIABILITIES 1273981 21531137 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 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY HAS A WRITTEN POLICY ESTABLISHING ITS NON-DISCRIMINATION POLICY. IT IS PUBLISHED IN SALUS MAGAZINE, SALUS VIEW BOOK, THE STUDENT HANDBOOK, THE APPLICATION FOR ADMISSIONS AND IS PUBLICLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. 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 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES TEACHING & EDUCATIONAL AWARENESS 25349 0 1 0 0 0 1 25349 0 25349 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 1 FAIRMOUNT VENTURES 1234 MARKET STREET PHILADELPHIA PA 19107 GRANT WRITING SERVICES 0 0 64000 0 64000 PA 1 1.00000 0.00000 1 CHELTENHAM TOWNSHIP 8230 OLD YORK ROAD ELKINS PARK PA 19027 GOV 10000 0 OPERATIONAL SUPPORT FLORIDA STATE UNIVERSITY 874 TRADITIONS WAY PO BOX 3064166 TALLAHASSEE FL 323064166 591961248 501(C)(3) 13280 0 TUITION SUPPORT UNIVERSITY OF NORTH CAROLINA AT GREENSBORO PO BOX 26170 GREENSBORO NC 274026170 566001468 501(C)(3) 7288 0 TUITION SUPPORT UNIVERSITY OF ARIZONA PO BOX 41867 TUCSON AZ 85717 GOV 19551 0 TUITION SUPPORT PORTLAND STATE UNIVERSITY PO BOX 751 MAIL CODE SPA PORTLAND OR 972070751 GOV 6408 0 TUITION SUPPORT 5 0 SCHOLARSHIPS 315 1813639 0 N/A N/A OTHER STUDENT SUPPORT 48 329494 0 N/A N PART I, LINE 2: THE UNIVERSITY PROVIDED SUPPORT TO OTHER UNIVERSITIES TO SUPPORT STUDENTS MATRICULATING AT THE UNIVERSITY. WHEN APPLICABLE, FUNDS ARE PAID DIRECTLY TO THE UNIVERSITY AND IMMEDIATELY APPLIED TO A RECIPIENT'S ACCOUNT TO DEFRAY THE COST OF TUITION. SALUS UNIVERSITY DOES NOT DETERMINE WHO THE SCHOLARSHIP RECIPIENT IS. NO FURTHER MONITORING OF THE GRANTS ARE REQUIRED. THE UNIVERSITY ALSO PROVIDED SUPPORT TO THEIR LOCAL MUNICIPALITY. GIVEN EXISTING GENERAL GOVERNMENTAL OVERSITE OVER ALL FUNDS, NO FURTHER MONITORING OF THE GRANTS WAS DEEMED NECESSARY. 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 ARE REQUIRED. X X X 0 0 0 0 0 0 0 0 0 DR MICHAEL H MITTELMAN PRESIDENT 349992 0 6661 0 47097 0 32155 0 878 0 436783 0 0 0 MR BRIAN D ZUCKERMAN ESQ CHIEF OF STAFF 255974 0 3216 0 0 0 25062 0 29750 0 314002 0 0 0 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 259805 0 6619 0 0 0 27686 0 9847 0 303957 0 0 0 DR MITCHELL SCHEIMAN DEAN RESEARCH 255644 0 5538 0 6840 0 23332 0 12568 0 303922 0 0 0 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 257829 0 6213 0 0 0 26146 0 3672 0 293860 0 0 0 MR ALEXANDER M DIZHOOR FACULTY 237660 0 4207 0 0 0 17702 0 27807 0 287376 0 0 0 MR DONALD C KATES VP FINANCE 215009 0 5449 0 0 0 22931 0 33177 0 276566 0 0 0 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 232308 0 5392 0 0 0 22619 0 6004 0 266323 0 0 0 DR MARIA L PARISI FACULTY 160438 0 4716 0 52118 0 15532 0 3705 0 236509 0 0 0 MR JOHN GAAL VP CLINIC OPERATIONS 174712 0 4373 0 6840 0 18401 0 25088 0 229414 0 0 0 DR HELENE M KAISER TRUSTEE/INSTRUCTOR TO APR 2021 153152 0 3316 0 45251 0 13967 0 8230 0 223916 0 0 0 PART I, LINE 7 IN NOVEMBER 2020, ALL CURRENT FACULTY AND STAFF EMPLOYED ON JUNE 30, 2020, 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 179118 13969732 10928084 3041648 1 0 0 1 A 0 0 1 1 1 1 0.03190 0.00000 0.03190 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 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 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 THE OPPORTUNITY TO REVIEW 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 OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE ON THE SALUS WEBSITE. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFIT OBLIGATION ACTUARIAL VALUATION ADJUSTMENT 930,269. ADOPTION OF ASU 2014-09 4,999,583. PENNSYLVANIA EAR INSTITUTE LLC 8380 OLD YORK ROAD ELKINS PARK PA 19027 202888384 HEALTHCARE PA 0 88268 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 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION C 167380 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION L 255000 VALUE OF SERVICES