2022-05-11T19:07:05-05:00 2021-06-30 430765316 RUBINBROWN LLP ONE NORTH BRENTWOOD SAINT LOUIS MO 63105 990 2020-07-01 430652649 LINDENWOOD UNIVERSITY LIND 6369494900 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 RICK BANIAK VICE PRESIDENT 6369494900 2022-04-20 1 RICK BANIAK 999009999 KIMBERLY A RYAN P00829977 3142903300 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X LINDENWOOD UNIVERSITY JOHN R PORTER 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 142627223 0 X WWW.LINDENWOOD.EDU X 1853 MO REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES. 13 13 2346 24 0 0 9524571 6444109 138666828 115522627 3651365 4073755 1913329 2404031 153756093 128444522 38185775 35830790 0 0 78539705 62362489 0 0 1252377 59158155 52953994 175883635 151147273 -22127542 -22702751 442236277 462352916 14268381 15016903 427967896 447336013 X REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES. SEE SCHEDULE O.VALUES:INTEGRITY - WE ARE COMMITTED TO ENSURING TRUST AND RESPECT FOR ALL PERSONS IN AN ENVIRONMENT THAT CULTIVATES INDIVIDUAL AND INSTITUTIONAL INTEGRITY.DEDICATION - WE ARE COMMITTED TO DEVELOPING A HIGH-PERFORMANCE WORK ETHIC AND DEDICATION TO DISCIPLINE OR VOCATION.EXCELLENCE - WE ARE COMMITTED TO PROVIDING QUALITY AND EXCELLENCE IN ALL OUR ENDEAVORS.CREATIVITY - WE ARE COMMITTED TO THE DEVELOPMENT OF ORIGINAL IDEAS, KNOWLEDGE AND INNOVATIVE APPROACHES TO SOLVING COMPLEX PROBLEMS.COMMUNITY - WE ARE COMMITTED TO CREATING A CONNECTED, DIVERSE COMMUNITY, SHARING COMMON ATTITUDES, INTERESTS, AND GOALS SUPPORTING PERSONAL AND PROFESSIONAL GROWTH. 0 0 129233697 35830790 115522627 SEE SCHEDULE OINSTRUCTIONAL AND LIBRARY - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING AN UNDERGRADUATE, GRADUATE, EDUCATION SPECIALISTS AND DOCTORAL DEGREES AND AS OF FISCAL YEAR ENDED 6/30/2021, APPROXIMATELY 6,388 FULL-TIME EQUIVALENT STUDENTS. APPROXIMATELY 10,176 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS, LINDENWOOD HAS A STUDENT ACTIVITIES OFFICE THAT SERVES AS A COORDINATING CENTER ON CAMPUS AND WORKS WITH APPROXIMATELY 61 STUDENT CLUBS AND ORGANIZATIONS TO FACILITATE THEIR ACTIVITIES AND PROJECTS. THE ATHLETIC DEPARTMENT HAS 24 NCAA DIVISION II SPORTS FOR MEN AND WOMEN AND 12 OTHER NATIONALLY AFFILIATED SPORTS. AUXILIARY - STUDENT ROOM AND BOARD AND AS OF FISCAL YEAR 6/30/2021, APPROXIMATELY 2,177 STUDENTS WERE SERVED.THE OUTBREAK OF 2019 CORONAVIRUS (COVID-19), WHICH WAS RECOGNIZED AS A GLOBAL PANDEMIC IN MARCH 2020 BY THE WORLD HEALTH ORGANIZATION, HAD PROMPTED GOVERNMENTAL ENTITIES, BUSINESSES, ORGANIZATIONS, AND UNIVERSITIES TO IMPLEMENT PREVENTATIVE AND PROTECTIVE MEASURES, INCLUDING HOW BUSINESS ACTIVITIES ARE CONDUCTED.MANAGEMENT CONTINUES TO CAREFULLY MONITOR COVID-19 (AND RELATED STRAINS OF THE VIRUS) REPORTED CASES, TO PROACTIVELY RESPOND TO POTENTIAL OUTBREAKS, IF NECESSARY. ADDITIONALLY, THE UNIVERSITY HAS IMPLEMENTED TECHNOLOGY ENHANCEMENTS TO ALLOW CLASSES TO MOVE TO AN ONLINE OR HYBRID ENVIRONMENT TO ASSIST WITH MINIMIZING THE IMPACT ON BUSINESS OPERATIONS.THE EXTENT OF THE PANDEMIC'S IMPACT ON THE UNIVERSITY'S OPERATIONS AND FINANCIAL CONDITION WILL DEPEND ON FUTURE DEVELOPMENTS, WHICH ARE UNCERTAIN, INCLUDING, BUT NOT LIMITED TO THE DURATION AND SEVERITY OF THE PANDEMIC, THE EFFECTS OF THE PANDEMIC ON THE ECONOMY AND REMEDIAL ACTIONS ADOPTED BY FEDERAL, STATE, AND/OR LOCAL GOVERNMENTS. 129233697 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12687 0 2346 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY MI NH NY OR SC MD X RICK BANIAK 6369494907 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 JOHN PORTER PRESIDENT 40.00 X 464674 0 33226 TERRY WHITTUM SENIOR VICE PRESIDENT 40.00 X 252452 0 26738 TJ RAINS VICE PRESIDENT, IT 40.00 X 236166 0 33077 BRAD WACHLER VICE PRESIDENT, ATHLETICS 40.00 X 221212 0 34078 DEB AYRES VICE PRESIDENT, HR 40.00 X 221177 0 23913 DIANE MOORE VICE PRESIDENT, OPERATIONS 40.00 X 221681 0 18640 ORRIE COVERT VICE PRESIDENT, ADVANCEMENT AND COMMUNICATIONS 40.00 X 202474 0 30801 HOWARD WALL PROFESSOR, ECONOMICS 40.00 X 172022 0 29693 MARILYN ABBOTT VICE PRESIDENT, ACADEMIC A (JAN-MAY) 40.00 X 176637 0 19771 CYNTHIA SCHROEDER DEAN, COLLEGE OF SCIENCE, TECHNOLOGY AND HEALTH 40.00 X 163885 0 21174 ANTHONY SCHEFFLER DEAN, COLLEGE OF EDUCATION AND HUMAN SERVICES 40.00 X 155698 0 19783 BETHANY ALDEN-RIVERS PROVOST/VICE PRESIDENT, ACADEMIC AFFAIRS 40.00 X 145318 0 25493 RICARDO DELGADO PROFESSOR, CHEMISTRY 40.00 X 155274 0 13925 RIK HAFER PROFESSOR, ECONOMICS 40.00 X 152211 0 10744 FRANK SANFILIPPO VICE PRESIDENT, FISCAL AFF (JAN-AUG) 40.00 X 139271 0 20723 MARK FALKOWSKI GENERAL COUNSEL 40.00 X 135889 0 20312 LISA O'BRIEN ENGER VICE PRESIDENT, UNIVERSITY (JAN-MAR) 40.00 X 50500 0 3863 RICK BANIAK VICE PRESIDENT, FISCAL AFFAIRS (OCT-NOV) 40.00 X 39399 0 3149 MARK ARANT SENIOR VICE PRESIDENT, PROVOST (MAY-DEC) 40.00 X 6227 0 16138 DONALD TUTTLE CHAIRMAN 1.00 X 0 0 0 BEN BLANTON BOARD MEMBER 1.00 X 0 0 0 CHIP PETERSON VICE CHAIRMAN 1.00 X 0 0 0 DOUG MUELLER TREASURER 1.00 X 0 0 0 JO ANNA POLLOCK SECRETARY 1.00 X 0 0 0 KEVIN BRAY BOARD MEMBER 1.00 X 0 0 0 JACQUELINE BROCK BOARD MEMBER 1.00 X 0 0 0 NANCY CALVERT BOARD MEMBER 1.00 X 0 0 0 JANE CALVERT ROGERS BOARD MEMBER 1.00 X 0 0 0 DAVID G COSBY BOARD MEMBER 1.00 X 0 0 0 JONATHAN FORD BOARD MEMBER 1.00 X 0 0 0 HAL GENTRY BOARD MEMBER 1.00 X 0 0 0 JOHN W HAMMOND BOARD MEMBER 1.00 X 0 0 0 ELIZABETH HUSS BOARD MEMBER 1.00 X 0 0 0 DAVID MASON COMMITTEE CHAIR 1.00 X 0 0 0 CHERYL MATEJKA BOARD MEMBER 1.00 X 0 0 0 RONALD W OHMES BOARD MEMBER 1.00 X 0 0 0 PATRICIA PENKOSKE BOARD MEMBER 1.00 X 0 0 0 CASSANDRA RAY BOARD MEMBER 1.00 X 0 0 0 DALE ROLLINGS BOARD MEMBER 1.00 X 0 0 0 JERRY E SCHEIDEGGER BOARD MEMBER 1.00 X 0 0 0 GARY N SHAW BOARD MEMBER 1.00 X 0 0 0 PATRICK SULLIVAN BOARD MEMBER 1.00 X 0 0 0 MICHAEL WOOD BOARD MEMBER 1.00 X 0 0 0 3312167 0 405241 165 1 1 0 PEDESTAL FOODS 2967 SIDCO DR NASHVILLE TN 37204 FOOD SERVICE 5140200 WILEY EDU LLC 1415 WEST 22ND ST OAK BROOK IL 60523 RECRUITMENT SERVICES 2134151 HABERBERGER INC PO BOX 66726 SAINT LOUIS MO 63166 CONSTRUCTION SERVICES 1188950 CDW GOVERMENTS 75 REMITTANCE DR STE 1515 CHICAGO IL 60675 IT SUPPLIES 996508 TRANE US INC PO BOX 98167 CHICAGO IL 60693 HVAC MAINTENANCE 924321 74 4655574 1788535 31855 6444109 INSTRUCTION & AUXILIARY 900099 115522627 115522627 115522627 2008536 2008536 1325007 0 1325007 1325007 1325007 12061120 4186800 11920284 2262417 140836 1924383 2065219 2065219 1079024 1079024 1079024 128444522 115522627 0 6477786 35830790 35830790 3222079 1735035 1324805 162239 48412184 45293673 2415060 703451 1409743 1118475 265599 25669 5683493 5636544 46949 3634990 2864859 712415 57716 408774 402095 6679 199626 199626 534046 534046 8535668 7466400 1006257 63011 930372 735287 192487 2598 1427685 796685 588256 42744 4450596 3955653 494943 1395680 602066 793614 67133 30742 36391 11662735 10596096 1066639 1148846 903851 244995 FOOD SERVICE 5558789 29700 5529089 UTILITIES 3997167 3630018 367149 CARES ACT PASS THROUGH 3381810 3381810 ATHLETICS 3114516 3114516 6140551 4893307 1105923 141321 151147273 129233697 20661199 1252377 16043292 16980080 10001909 506160 948693 782544 3483106 3666273 2000000 2000000 3954906 3882693 399398812 190143810 220333343 209255002 181859902 220901483 2967974 3697877 643152 680804 442236277 462352916 9346458 9542219 3984670 5236098 937253 238586 14268381 15016903 X 412161533 428833907 15806363 18502106 427967896 447336013 442236277 462352916 X -22702751 45539553 -3468685 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 643152 X X X 0 165343203 896818 35250674 473811 201016884 168288870 144057 3264321 5891766 462279 165343203 171451662 142497 6835351 9695770 444870 168288870 160347039 4168668 11069601 3638667 494979 171451662 139311378 2700328 21588526 2740179 513014 160347039 0.91250 0.08470 0.00280 1 0 14574062 25023953 39598015 37913020 265038985 146504278 156447727 13744430 7882381 5862049 39944469 35757151 4187318 3159893 3159893 209255002 FUNDS HELD IN CUSTODY FOR OTHERS 191245 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 47341 238586 137707924 45539553 43489 -35785594 9797448 127910476 534046 534046 128444522 118339807 43489 3513881 3557370 114782437 534046 35830790 36364836 151147273 PART III, LINE 4: PURPOSE FOR LINDENWOOD UNIVERSITY'S COLLECTIONS THE UNIVERSITY'S HISTORICAL COLLECTIONS CONSISTS OF TWO CATEGORIES: ARTWORK AND HISTORIC PIECES. THE ARTWORK EXPOSES STUDENTS TO VARIOUS STYLES AND TECHNIQUES TAUGHT BY UNIVERSITY FACULTY. THE ART SPEAKS TO THE EDUCATIONAL TRADITIONS AND HELPS PROMOTE A SENSE OF COMMUNITY ON CAMPUS. THE HISTORIC PIECES ARE USED AS SUPPLEMENTAL TEACHING AIDS AND HELP GIVE THE STUDENTS A BETTER GRASP ON IMPORTANT ASPECTS OF WHAT IS BEING TAUGHT IN THE CLASSROOM. PART V, LINE 4: THE PERMANENT ENDOWMENT CONSISTS OF DONOR PRINCIPAL RESTRICTED GIFTS THAT THE ANNUAL INCOME MUST BE USED FOR GENERAL, SCHOLARSHIPS, AND BUILDING AND MAINTENANCE EXPENSES. THE QUASI ENDOWMENTS ARE FUNDS THAT THE UNIVERSITY HAS SET ASIDE TO PROTECT THE PRINCIPAL AND INCOME DISTRIBUTIONS OF THE PERMANENTLY RESTRICTED ENDOWMENT FUND. ANY REMAINING INCOME IS USED FOR FUNDING INSTITUTIONAL STUDENT AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST 45,196. SCHOLARSHIPS -35,830,790. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS 3,513,881. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 35,830,790. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISEMENTS (I.E. CATALOGS) INCLUDE STATEMENTS RECOMMENDED FOR IRS EXEMPT ORGANIZATIONS. LINDENWOOD REGULARLY PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY STATEMENT IN BROADCAST MEDIA, INCLUDING PERMANENTLY ON ITS WEBSITE, AND IN OTHER MATERIALS TO HELP ENSURE IT IS KNOWN TO THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 GOVERNMENTAL AID HAS BEEN RECEIVED THIS YEAR AS FOLLOWS: STUDENT FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION, FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAMS. NOTE THAT THE CITY OF BELLEVILLE, ILLINOIS IS REQUIRED TO MAKE AN ANNUAL TAX INCREMENT FINANCE PAYMENT TO LINDENWOOD FOR THE DURATION OF ITS AGREEMENT WITH THE UNIVERSITY (WHICH RUNS FROM 2003 THROUGH 2023) AND HAS DONE SO SINCE THE INCEPTION OF THE AGREEMENT. SUBSEQUENT TO JUNE 30, 2021, THE AGREEMENT WITH THE CITY OF BELLEVILLE, ILLINOIS WAS TERMINATED, IN CONJUNCTION WITH LINDENWOOD'S SALE OF ITS BELLEVILLE PROPERTY. 0 CENTRAL AMERICA 0 2 PROGRAM SERVICES RECRUITMENT 21000 0 2 0 0 0 2 21000 0 21000 SCHOLARSHIPS VARIOUS 538 5714931 ELECTRONIC DISBURSEMENT 0 0 0 0 0 0 PART I, LINE 3: LINDENWOOD HAS CONTRACTED WITH TWO INDIVIDUALS TO BE PART-TIME INDEPENDENT CONTRACTORS TO HELP THE UNIVERSITY RECRUIT STUDENTS IN THE CENTRAL AMERICA REGION. TOTAL FEES AND ALLOTMENT FOR OFFICE EXPENSES FOR 2019-2020 FISCAL YEAR WERE: CONTRACTOR ONE: $21,000 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 4198 30115859 PART III ALL STUDENT AID AWARD LETTERS ARE PREPARED BY LINDENWOOD COLLEGE'S FINANCIAL AID OFFICE. EACH AWARD LETTER HAS A STATEMENT OF CONDITIONS AND IS SIGNED BY THE STUDENT. THE BUSINESS OFFICE POSTS ALL AID TO THE STUDENT'S ACCOUNT FOR ACADEMIC USAGE. BOTH THE BUSINESS OFFICE AND THE FINANCIAL AID OFFICE MONITOR THESE FUNDS. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 JOHN PORTER PRESIDENT 450000 0 0 0 14674 0 18000 0 15226 0 497900 0 0 0 TERRY WHITTUM SENIOR VICE PRESIDENT 247029 0 0 0 5423 0 12317 0 14421 0 279190 0 0 0 TJ RAINS VICE PRESIDENT, IT 222876 0 0 0 13290 0 11479 0 21598 0 269243 0 0 0 BRAD WACHLER VICE PRESIDENT, ATHLETICS 207922 0 0 0 13290 0 10831 0 23247 0 255290 0 0 0 DEB AYRES VICE PRESIDENT, HR 221177 0 0 0 0 0 10969 0 12944 0 245090 0 0 0 DIANE MOORE VICE PRESIDENT, OPERATIONS 216258 0 0 0 5423 0 4651 0 13989 0 240321 0 0 0 ORRIE COVERT VICE PRESIDENT, ADVANCEMENT AND COMM 191399 0 0 0 11075 0 8705 0 22096 0 233275 0 0 0 HOWARD WALL PROFESSOR, ECONOMICS 158732 0 0 0 13290 0 8457 0 21236 0 201715 0 0 0 MARILYN ABBOTT VICE PRESIDENT, ACADEMIC A (JAN-MAY) 174378 0 0 0 2259 0 7944 0 11827 0 196408 0 0 0 CYNTHIA SCHROEDER DEAN, COLLEGE OF SCIENCE, TECHNOLOGY 158462 0 0 0 5423 0 8038 0 13136 0 185059 0 0 0 ANTHONY SCHEFFLER DEAN, COLLEGE OF EDUCATION AND HUMAN 151175 0 0 0 4523 0 6390 0 13393 0 175481 0 0 0 BETHANY ALDEN-RIVERS PROVOST/VICE PRESIDENT, ACADEMIC AFF 132028 0 0 0 13290 0 7020 0 18473 0 170811 0 0 0 RICARDO DELGADO PROFESSOR, CHEMISTRY 150751 0 0 0 4523 0 0 0 13925 0 169199 0 0 0 RIK HAFER PROFESSOR, ECONOMICS 152211 0 0 0 0 0 10744 0 0 0 162955 0 0 0 FRANK SANFILIPPO VICE PRESIDENT, FISCAL AFF (JAN-AUG) 133068 0 0 0 6203 0 6563 0 14160 0 159994 0 0 0 MARK FALKOWSKI GENERAL COUNSEL 129694 0 0 0 6195 0 5093 0 15219 0 156201 0 0 0 PART I, LINE 4A MARK ARANT - $98,449 JERRY E SCHEIDEGGER DIRECTOR PLEDGE RECEIVABLE X 2000000 2000000 0 1 1 2000000 X 8640 FMV X MISCELLANEOUS 17 10473 FMV X MEMBERSHIPS 1 7290 FMV X MACHINE / EQUIPMENT 1 5452 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY AMENDED ITS BY-LAWS IN 2021 TO OFFICIALLY CHANGE ITS NAME TO LINDENWOOD UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION NEEDED TO COMPLETE THE FORM 990 IS COMPILED BY THE ACCOUNTING DEPARTMENT AND THE RETURN IS PREPARED AND SIGNED BY RUBINBROWN LLP. THE COMPLETED 990, INCLUDING REQUIRED SCHEDULES IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO A TRUSTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A TRUSTEE HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS FIXED BY A FIVE YEAR WRITTEN CONTRACT CONTAINING A FIXED RATE OF PAY OVER THE FIVE YEAR TERM. NO ADDITIONAL BONUSES, INCENTIVE PAYMENTS, OR OTHER COMPENSATION IS PAID IN ADDITION TO THE CONTRACTUAL SUM. ANY CHANGES IN THE SALARY AMOUNT IS HANDLED VIA AN AMENDMENT TO THE CONTRACT, WHICH WOULD HAVE TO BE APPROVED BY THE BOARD OF DIRECTORS. THE AMOUNT OF COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, APPOINTED BY THE CHAIRMAN OF THE BOARD. THIS COMMITTEE CONSISTED OF BOARD MEMBERS WITH VARIOUS PROFESSIONAL, LEGAL, AND BUSINESS BACKGROUNDS. THE COMPENSATION COMMITTEE DETERMINES THE SALARY PARAMETERS BASED ON AN EXTENSIVE REVIEW OF SALARIES AND COMPENSATION PAID PRESIDENTS OF OTHER SIMILARLY SIZED UNIVERSITIES, INCLUDING DATA FROM THE CARNEGIE CLASSIFICATIONS PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. NEGOTIATIONS BETWEEN THE COMMITTEE AND THE PRESIDENT LEAD TO A DRAFT CONTRACT THAT IS SUBMITTED TO THE LINDENWOOD UNIVERSITY BOARD OF DIRECTORS EXECUTIVE COMMITTEE FOR REVIEW, COMMENT, AND OVERSIGHT INSTRUCTION. CHANGES, MODIFICATIONS, AND RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE LEAD TO FURTHER NEGOTIATIONS WITH THE PRESIDENT IN ORDER TO IMPLEMENT THEIR RECOMMENDATIONS. THE FINAL CONTRACT DRAFT IS THEN SUBMITTED TO THE FULL LINDENWOOD UNIVERSITY BOARD OF DIRECTORS FOR APPROVAL. THE LINDENWOOD UNIVERSITY PRESIDENT REVIEWS BENCHMARK COMPENSATION DATA RELATIVE TO INTERNAL AND EXTERNAL PEERS. THOSE FINDINGS, COUPLED WITH AN EVALUATION OF OVERALL WORK PERFORMANCE ARE USED TO DETERMINE ANNUAL SALARIES OF KEY EMPLOYEES WITHIN THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME. THE UNIVERSITY WILL PROVIDE A COPY OF THE IRS FORM 990 UPON WRITTEN REQUEST TO THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 45,196. IMPAIRMENT LOSS -3,513,881. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR. FORM 990, PART XI, LINE 9 SUBSEQUENT TO JUNE 30, 2021, THE UNIVERSITY REACHED AN AGREEMENT TO SELL ITS BELLEVILLE CAMPUS. AS A RESULT OF THE SALES TRANSACTION, MANAGEMENT RECORDED A NON-CASH IMPAIRMENT CHARGE ON THE LONG-LIVED ASSETS ASSOCIATED WITH THE CAMPUS AT JUNE 30, 2021.