2022-03-08T16:24:14-06:00 2021-06-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2020-07-01 990272261 CHAMINADE UNIVERSITY OF HONOLULU CHAM 8087354711 3140 WAIALAE AVENUE HONOLULU HI 96816 DR LYNN BABINGTON PRESIDENT 8087354711 2022-03-08 1 DR LYNN BABINGTON 999009999 DEANNA C AWA P00647777 8085262255 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR LYNN BABINGTON 3140 WAIALAE AVENUE HONOLULU HI 96816 74769510 0 X WWW.CHAMINADE.EDU X 1957 HI CHAMINADE UNIVERSITY OFFERS ITS STUDENTS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES THEM FOR LIFE, SERVICE, AND SUCCESSFUL CAREERS. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS, CHAMINADE ENCOURAGES THE DEVELOPMENT OF MORAL CHARACTER, PERSONAL COMPETENCIES, AND A COMMITMENT TO BUILD A JUST AND PEACEFUL SOCIETY. THE UNIVERSITY OFFERS BOTH THE CIVIC AND CHURCH COMMUNITIES OF THE PACIFIC REGION ITS ACADEMIC AND INTELLECTUAL RESOURCES IN THE PURSUIT OF COMMON AIMS. 30 25 869 100 0 0 14409945 16959664 49288064 49939081 514541 1538148 349806 4666801 64562356 73103694 18760033 18303878 0 0 27882821 28913609 0 0 1670891 18335491 19537666 64978345 66755153 -415989 6348541 103384806 112004355 31848124 28822218 71536682 83182137 X CHAMINADE UNIVERSITY OFFERS ITS STUDENTS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES THEM FOR LIFE, WORK AND SERVICE. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS, CHAMINADE ENCOURAGES THE (SEE SCHEDULE O) DEVELOPMENT OF MORAL CHARACTER AND PERSONAL COMPETENCIES, AND THE COMMITMENT TO BUILD A JUST AND PEACEFUL SOCIETY. THE UNIVERSITY OFFERS THE CIVIC AND CHURCH COMMUNITIES OF THE PACIFIC REGION ITS ACADEMIC AND INTELLECTUAL RESOURCES IN THE PURSUIT OF COMMON AIMS. 0 0 52430749 18303878 46965697 CHAMINADE OFFERS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR LIFE, SERVICE AND SUCCESSFUL CAREERS. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS AND ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION, CHAMINADE PROVIDES 2200 STUDENTS WITH 25 UNDERGRADUATE DEGREE PROGRAMS, NINE CERTIFICATE PROGRAMS, SIX GRADUATE PROGRAMS, THREE DOCTORAL PROGRAMS AND 15 DEGREE OPPORTUNITIES FOR WORKING ADULTS. 5021494 2973384 AUXILIARY ENTERPRISES AT CHAMINADE INCLUDE A 300 STUDENT RESIDENCE HALL PROGRAM; DINING SERVICES FEATURING THE SILVERSWORD CAFE AND COURTYARD POD MARKET; NCAA PACIFIC WEST CONFERENCE DIVISION II ATHLETIC PROGRAM ANNUALLY HOSTING THE MAUI JIM MAUI INVITATIONAL BASKETBALL TOURNAMENT; CAMPUS BOOKSTORE. 57452243 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 3598 0 1 869 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 30 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHOONG LIM 8087354831 3140 WAIALAE AVENUE HONOLULU HI 96816 CLAIRE WRIGHT EX OFFICIO/FACULTY SENATE 40.00 X X 85503 0 4275 FR OSCAR VASQUEZ CHANCELLOR/EX OFFICIO 0.30 X 0 0 0 JOHN D FIELD CHAIR 0.30 X 0 0 0 RODNEY HARANO FIRST VICE CHAIR 0.30 X 0 0 0 TERRENCE L WALSH SECOND VICE CHAIR 0.30 X 0 0 0 RUTH ANN BECKER SECRETARY 0.30 X 0 0 0 GAE BERGQUIST-TROMMALD REGENT 0.30 X 0 0 0 CAROLYN BERRY WILSON REGENT 0.30 X 0 0 0 LESLEY J BREY REGENT 0.30 X 0 0 0 BRO WILLIAM J CAMPBELL REGENT 0.30 X 0 0 0 MELISSA CHING BENJAMIN REGENT 0.30 X 0 0 0 JERRY J CORREA REGENT 0.30 X 0 0 0 KEIKI-PUA S DANCIL REGENT 0.30 X 0 0 0 ISMAEL EUSTAQUIO REGENT 0.30 X 0 0 0 LORI FORMAN REGENT 0.30 X 0 0 0 DANIEL D GOO REGENT 0.30 X 0 0 0 KAREN KNUDSEN REGENT 0.30 X 0 0 0 BRO JOSEPH MARKEL REGENT 0.30 X 0 0 0 RALPH MESICK REGENT 0.30 X 0 0 0 BENNETTE M MISALUCHA REGENT 0.30 X 0 0 0 LANCE A MIZUMOTO REGENT 0.30 X 0 0 0 JEAN ROLLES REGENT 0.30 X 0 0 0 MARTHA B SMITH REGENT 0.30 X 0 0 0 LAWRENCE KW TSEU REGENT 0.30 X 0 0 0 BRO EDWARD A VIOLETT REGENT 0.30 0.30 X 0 0 0 RICHARD F WACKER REGENT 0.30 X 0 0 0 JEANNINE M WIERCINSKI REGENT 0.30 X 0 0 0 BRO JESSE O'NEILL EX OFFICIO 0.30 X 0 0 0 MICHAEL KERR EX OFFICIO 0.30 X 0 0 0 GARY E LIEBL EMERITUS REGENTS 0.30 X 0 0 0 LYNN BABINGTON PRESIDENT/EX OFFICIO 40.00 X 453690 0 33449 LANCE ASKILDSON PROVOST 40.00 X 244408 0 28082 HELEN TURNER VP OF INNOVATION 40.00 X 189400 0 19464 AYDEEN AULANI KAANOI VP OF FINANCE & FACILITIES 40.00 X 145000 0 32629 ALISON A JEROME VP OF STUDENT AFFAIRS 40.00 X 134265 0 13516 LISA K FURUTA VP OF COMMUNICATION AND MARKETING 40.00 X 123775 0 30948 CHRISTINE M DENTON VP OF HR AND LEGAL AFFAIRS 40.00 X 129682 0 23629 GARY J CORDOVA VP OF ADVANCEMENT 40.00 X 116000 0 9513 EDWARD F DEVINE VP OF ENROLLMENT MANAGEMENT 40.00 X 115320 0 2119 EVA WASHBURN-REPOLLO PRESIDENT OF FACULTY SENATE 40.00 X 71428 0 20438 DALE FRYXELL PROFESSOR/INTERIM DEAN 40.00 X 319467 0 14193 DARREN IWAMOTO ASSOCIATE PROFESSOR 40.00 X 191442 0 31959 ROBERT SANTEE PROFESSOR/DEAN 40.00 X 162877 0 8144 ABBY L HALSTON ASSISTANT PROFESSOR 40.00 X 161681 0 16132 RHOBERTA HALEY DEAN 40.00 X 180000 0 23620 RICHARD Y KIDO FORMER PRESIDENT OF FACULTY SENATE/EX OFFICIO 40.00 X 131325 0 16661 2955263 0 328771 53 1 1 0 ARAMARK SERVICES INC C/O ARAMARK CHICAGO LOCKBOX 27310 N CHICAGO IL 606731273 FOOD SERVICES 778884 CAROLINE COLLEGE PASTORAL INSTITUTE NEPWUKOS WENO CHUUK FM 96942 EDUCATION 551322 ALLIED UNIVERSAL SECURITY SVCS PO BOX 31001-2374 PASADENA CA 911102374 SECURITY 533751 ELLUCIAN COMPANY L P 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 SOFTWARE AND SERVICES 468684 7TH AVENUE APARTMENTS LLC C/O 1806 KUMAKANI PLACE HONOLULU HI 96821 HOUSING 396969 23 X 11423204 5536460 16959664 TUITION AND FEES 900004 46965697 46965697 AUXILIARY REVENUE 900004 2973384 2973384 49939081 491731 491731 2712233 1665816 1046417 1046417 1046417 PAYCHECK PROTECTION PROGRAM (PPP) 900099 4171800 4171800 OTHER INCOME 900099 443790 443790 BOOKSTORE INCOME 900099 51211 51211 4666801 73103694 49939081 0 6204949 X 18303878 18303878 2161085 2161085 22019860 19960845 1207428 851587 866231 715055 120670 30506 2126680 1755528 296256 74896 1739753 1436129 242355 61269 106567 106567 31218 31218 120512 120512 747669 473403 49946 224320 2075382 1848335 174108 52939 1211021 305941 895742 9338 4680465 3940985 716867 22613 124733 115494 6747 2492 4364 4364 74425 74425 4127755 3575034 498424 54297 406840 372697 30349 3794 ACADEMIC SUPPORT 609467 576841 32626 DUES & SUBSCRIPTIONS 317456 222325 86688 8443 FOOD, ROOM & BOARD 199765 188098 11667 PROFESSIONAL DEVELOPMEN 121879 97372 24507 4578148 3457716 857702 262730 66755153 57452243 7632019 1670891 1899089 7436621 9149214 2341055 6296254 6562966 990012 1324548 636869 660102 111737274 54828593 59594505 56908681 19910162 30062715 4908701 6707667 103384806 112004355 3710103 4462736 1220655 1702806 20763610 20337340 6153756 2319336 31848124 28822218 X 44286208 50048744 27250474 33133393 71536682 83182137 103384806 112004355 X 6348541 5025804 271110 X X 0 1 X 1 1 1 X 13346183 15472660 15085938 14409945 16959664 75274390 13346183 15472660 15085938 14409945 16959664 75274390 7968795 67305595 2028776 1017691 3117735 585922 491731 7241855 82516245 248636201 0.81570 0.80050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154104 X 0 20471885 587542 4855459 397669 25517217 20028045 257398 515329 328887 20471885 19047211 525427 830011 374604 20028045 16865864 1442191 1138282 399126 19047211 14442790 1380507 1383739 341171 16865864 0.61000 0.39000 1 0 637000 637000 94612645 43099626 51513019 15921405 11728967 4192438 566224 566224 56908681 INTEREST IN NET ASSETS OF CUEF 1892785 COLLECTIONS 154104 BENEFICIAL INTEREST IN REMAINDER TRUST 29277 RIGHT OF USE ASSET 4631501 6707667 DEPOSITS 252712 CAPITAL LEASE OBLIGATION 2066624 2319336 X 62957426 5025804 2860700 271113 8157617 54799809 18303885 18303885 73103694 51311971 2860700 2860700 48451271 18303883 18303883 66755154 PART III, LINE 4: IN FYE JUNE 30, 2011, THE ORGANIZATION PURCHASED A FINE ART EDITION OF THE ST. JOHN'S BIBLE. THE BIBLE IS A WORK OF ART AND A WORK OF THEOLOGY. THE VISION AND VALUES OF THE BIBLE ARE TO IGNITE IMAGINATION, GLORIFY GOD'S WORD, REVIVE TRADITION, DISCOVER HISTORY, FOSTER THE ARTS, AND GIVE VOICE. THE ST. JOHN'S BIBLE, ON PUBLIC EXHIBITION, PROVIDES EDUCATION TO STUDENTS BY PROVIDING OPPORTUNITIES TO EXPLORE THE VARIOUS SUBJECTS WRITTEN AND ILLUMINATED IN THE BIBLE. CHAMINADE PLANS TO USE THE BIBLE IN LITURGIES MARKING EVENTS OF GREATEST SIGNIFICANCE IN CAMPUS LIFE, SUCH AS GRADUATIONS AND INSTALLATIONS. CHAMINADE WILL ALSO MAKE IT AVAILABLE FOR USE BY THE DIOCESE OF HONOLULU FOR SIMILAR OCCASIONS, SUCH AS THE ANNUAL RED MASS FOR HAWAII'S POLITICAL LEADERS AND THE OPENING OF THE ACADEMIC YEAR MASS WITH THE CATHOLIC SCHOOL TEACHERS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND PROGRAM EXPENSES. PART X, LINE 2: IN EVALUATING A TAX POSITION FOR RECOGNITION, MANAGEMENT JUDGMENTALLY EVALUATES WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX POSITION IS MEASURED AND RECOGNIZED IN THE UNIVERSITY'S FINANCIAL STATEMENTS AS THE LARGEST AMOUNT OF TAX BENEFIT THAT, IN MANAGEMENT'S JUDGMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE UNIVERSITY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2021 AND 2020. INTEREST AND PENALTIES, IF ANY (NONE IN 2021 OR 2020), ARE INCLUDED IN INSTITUTIONAL SUPPORT EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN NET ASSETS OF CUEF 271,113. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS & SCHOLARSHIPS 14,593,616. FEDERAL GRANTS 3,710,262. ROUNDING 7. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS & SCHOLARSHIPS 14,593,616. FEDERAL GRANTS NETTED AGAINST REVENUE 3,710,262. ROUNDING 5. PART V, LINE 1: PLEDGE RECEIVABLES THAT ARE EXPECTED TO BE COLLECTED IN FUTURE YEARS ARE RECORDED AT THE PRESENT VALUE OF THEIR ESTIMATED FUTURE CASH FLOWS USING RISK-FREE INTEREST RATES IN THE YEAR IN WHICH THE PLEDGES ARE MADE. DURING THE FISCAL YEAR ENDED JUNE 30, 2020, A RESTATEMENT OF AN EXISTING DISCOUNTED PLEDGE RECEIVABLE WAS IMPLEMENTED DUE TO AN EXTENSION OF THE AMORTIZATION PERIOD. AS A RESULT, THE FISCAL YEARS ENDED JUNE 30, 2019 AND 2018 INCLUDE A PRIOR PERIOD ADJUSTMENT AS REFLECTED IN LINES 1A THROUGH 1G. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY" IS AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY CATALOG, STUDENT HANDBOOK AND CHAMINADE WEBSITE (WWW.CHAMINADE.EDU) SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES VARIOUS FEDERAL GOVERNMENT GRANTS SUCH AS THE PELL GRANT, TEACH GRANT, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT. 1 SCHOLARSHIPS & GRANTS 872 13562859 PART I, LINE 2: THE SCHOOL PROVIDES GRANTS IN THE FORM OF CREDITS AGAINST TUITION INVOICES. GRANT FUNDS ARE NOT ACTUALLY DISBURSED FROM THE SCHOOL. X 0 1 X X X 0 0 0 0 0 0 0 0 0 LYNN BABINGTON PRESIDENT/EX OFFICIO 453690 0 0 0 0 0 15418 0 18878 0 487986 0 0 0 DALE FRYXELL PROFESSOR/INTERIM DEAN 319467 0 0 0 0 0 12956 0 1986 0 334409 0 0 0 LANCE ASKILDSON PROVOST 244408 0 0 0 0 0 6000 0 22514 0 272922 0 0 0 DARREN IWAMOTO ASSOCIATE PROFESSOR 191442 0 0 0 0 0 9572 0 22784 0 223798 0 0 0 HELEN TURNER VP OF INNOVATION 189400 0 0 0 0 0 9456 0 10738 0 209594 0 0 0 RHOBERTA HALEY DEAN 180000 0 0 0 0 0 5250 0 18965 0 204215 0 0 0 AYDEEN AULANI KAANOI VP OF FINANCE & FACILITIES 145000 0 0 0 0 0 7250 0 26006 0 178256 0 0 0 ABBY L HALSTON ASSISTANT PROFESSOR 161681 0 0 0 0 0 8084 0 8430 0 178195 0 0 0 ROBERT SANTEE PROFESSOR/DEAN 162877 0 0 0 0 0 8144 0 740 0 171761 0 0 0 LISA K FURUTA VP OF COMMUNICATION AND MARKETING 123775 0 0 0 0 0 6189 0 25310 0 155274 0 0 0 CHRISTINE M DENTON VP OF HR AND LEGAL AFFAIRS 129682 0 0 0 0 0 6484 0 17909 0 154075 0 0 0 RICHARD Y KIDO FORMER PRESIDENT OF FACULTY SENATE/E 131325 0 0 0 0 0 6566 0 10676 0 148567 0 0 0 PART I, LINE 1A THE EXEMPT ORGANIZATION PAYS FOR HEALTH OR SOCIAL CLUB DUES ON BEHALF OF PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. AMOUNTS PAID ARE TO FACILITATE BUSINESS ACTIVITIES CONDUCTED BY SUCH PERSONS AT THE CLUB. CLUB DUES ARE PAID ON BEHALF OF LYNN BABINGTON AND ROY PANZARELLA. AS ALL DUES PAID ARE TO FACILITATE BUSINESS ACTIVITIES, THE CLUB DUES QUALIFY AS WORKING CONDITION FRINGE BENEFITS AND ARE NOT REQUIRED TO BE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE EXEMPT ORGANIZATION DOES NOT FOLLOW A WRITTEN POLICY SPECIFICALLY FOR HEALTH OR SOCIAL CLUB DUES. HOWEVER, WRITTEN DOCUMENTATION IS REQUIRED FOR ALL CHARGES INCURRED ON THE MONTHLY DUES STATEMENTS. ADDITIONALLY, ALL REIMBURSEMENTS ARE PAID DIRECTLY TO THE CLUB. A CHAMINADE UNIVERSITY OF HONOLULU 990272261 419800GS0 2015-12-01 22595000 FURTHERANCE OF ENTITY'S CHARITABLE PURPOSE 0 0 0 A 22595000 1502734 643679 13283183 2016 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 NA 0 0 0 NA 0 0 1 A 0 SCHEDULE K, PART IV, ARBITRAGE: QUESTIONS 4D-4E AND 5D ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. SCHEDULE K, PART I, BOND ISSUES: LINE A INCLUDES THE FOLLOWING BOND CUSIPS: 419800GS0 419800GT8 419800GU5 419800GV3 FORM 990, PART V: QUESTIONS 7G AND 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. FORM 990, PART VI, SECTION A, LINE 6 CHAMINADE'S MEMBERS CONSIST OF THE PROVINCIAL OF THE MARIANIST PROVINCE OF THE UNITED STATES, CHAMINADE CHAIR OF BOARD, THE PRESIDENT OF CHAMINADE AND THE OTHER MEMBERS OF THE PROVINCIAL COUNCIL OF THE MARIANIST PROVINCE OF THE UNITED STATES. THE MEMBERS HAVE THE AUTHORITY TO ELECT MEMBERS OF CHAMINADE'S GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY, AMONG OTHER SIMILAR POWERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF CHAMINADE HAVE THE AUTHORITY TO RATIFY NOMINEES FOR THE POSITION OF PRESIDENT OF CHAMINADE UNIVERSITY OF HONOLULU AND TO RATIFY NOMINEES FOR THE BOARD OF REGENTS AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS NOTICED FOR THE ELECTION OF REGENTS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF CHAMINADE HAVE THE AUTHORITY TO: (A) APPROVE THE MERGER OR CONSOLIDATION OF CHAMINADE WITH ANOTHER CORPORATION OR ENTITY; (B) APPROVE THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF CHAMINADE, OTHER THAN IN THE USUAL AND REGULAR COURSE OF ITS BUSINESS; (C) APPROVE THE PARTIAL OR TOTAL DISSOLUTION OF CHAMINADE; (D) AMEND CHAMINADE'S ARTICLES OF INCORPORATION PURSUANT TO THE PROCEDURES SET FORTH BY STATUTE; (E) RATIFY NOMINEES FOR THE POSITION OF PRESIDENT OF CHAMINADE UNIVERSITY OF HONOLULU; (F) RATIFY NOMINEES FOR THE BOARD OF REGENTS OF CHAMINADE AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS NOTICED FOR THE ELECTION OF REGENTS; AND (G) REMOVE A REGENT, WITH OR WITHOUT CAUSE, AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERS NOTICED FOR THE REMOVAL OF THE REGENTS, PROVIDED, HOWEVER ANY VACANCIES MAY BE FILLED BY THE BOARD OF REGENTS IN ACCORDANCE WITH THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 WILL BE SUBMITTED TO ALL MEMBERS OF THE AUDIT COMMITTEE AT THEIR MARCH 2022 MEETING FOR REVIEW PRIOR TO FINALIZATION & FILING. AFTER THE AUDIT COMMITTEE'S APPROVAL, THE 990 WILL BE MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, IN JULY/AUGUST, THE PRESIDENT'S OFFICE EMAILS THE CONFLICT OF INTEREST FORMS TO EACH CURRENT MEMBER OF THE BOARD OF REGENTS, PRESIDENT'S LEADERSHIP COUNCIL AND PROVOST'S CABINET. FORMS ARE THEN SENT BACK TO THE PRESIDENT'S OFFICE, WHO REVIEWS THE COMPLETED FORMS AND TRACKS WHICH FORMS MAY STILL BE OUTSTANDING. FORM 990, PART VI, SECTION B, LINE 15 FOR THE ORGANIZATION'S PRESIDENT, THE BOARD NEGOTIATES THE CONTRACT IN CONJUNCTION WITH THE UNIVERSITY LEGAL COUNSEL. FOR OTHER OFFICERS OR KEY EMPLOYEES, COMPENSATION IS NEGOTIATED BY THE PRESIDENT OF THE UNIVERSITY WHO CONSULTS WITH THE PERSONNEL OFFICE & COMPARES COMPENSATION WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS & CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE & UPON REQUEST. FORM 990, PART VIII, LINE 11A: ON APRIL 20, 2020, THE UNIVERSITY RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $4,171,800, UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) AS PART OF THE CARES ACT. THE PROMISSORY NOTES MATURE TWO YEARS FROM THE DATE OF THE FIRST DISBURSEMENT OF THE LOAN AND BEAR INTEREST AT A RATE OF 1.00% PER ANNUM. THE UNIVERSITY USED THE LOAN PROCEEDS FOR PURPOSES CONSISTENT WITH THE PPP AND BELIEVES THAT THEY HAVE MET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. IN JUNE 2021, THE LOAN WAS FORGIVEN IN FULL AND A RECOVERY OF $4,171,800 WAS RECORDED IN OTHER REVENUES ON THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021. FORM 990, PART IX: DURING THE FISCAL YEAR ENDED JUNE 30, 2012, CHAMINADE UNIVERSITY ENTERED INTO A LONG-TERM POWER PURCHASE AGREEMENT TO PURCHASE THE ENERGY GENERATED BY A SOLAR ELECTRIC GENERATING FACILITY. MANAGEMENT HAS RECOGNIZED A CAPITAL LEASE FOR THE ESTIMATED PAYMENTS RELATED TO THE SYSTEM. ALTHOUGH FOR TAX PURPOSES THE AGREEMENT WOULD NOT FALL UNDER THE DEFINITION OF A CAPITAL LEASE, THE POWER PURCHASE AGREEMENT WILL BE ACCOUNTED FOR AS A CAPITAL LEASE ON THE FORM 990 IN KEEPING WITH THE BOOKS AND RECORDS OF THE ORGANIZATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, AN ADDENDUM WAS CREATED TO INCREASE THE SIZE OF THE SOLAR POWER SYSTEM PREVIOUSLY INSTALLED. THE ADDITIONAL SOLAR POWER INSTALLED UNDER THIS ADDENDUM IS AN ADDITION TO THE EXISTING AGREEMENT AND WILL FOLLOW ALL THE RATES AND TERMS OF THE AGREEMENT. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF CUEF 271,113. ROUNDING -3. FORM 990, PART XII, LINE 2C: THE OVERSIGHT & SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MARIANIST CENTER OF HAWAII 3140 WAIALAE AVENUE HONOLULU HI 96816 990142275 EDUCATIONAL HI 501(C)(3) SEC. 170(B)(1)(A)(I) N/A 0 MARIANIST PROVINCE OF THE UNITED STATES 4425 W PINE ST LOUIS MO 63108 030415363 RELIGIOUS MO 501(C)(3) SEC. 170(B)(1)(A)(I) N/A 0 CHAMINADE UNIVERSITY EDUCATIONAL FOUNDATION C/O 1088 BISHOP STREET 1009 HONOLULU HI 96813 996007124 SCHOLARSHIP FOUNDATION HI 501(C)(3) SEC. 509(A)(3) N/A 0 CHARITABLE REMAINDER TRUST PROVIDE FUNDING TO SUPPORT ATHLETIC FACILITIES HI CHAMINADE UNIVERSITY OF HONOLULU T 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 MARIANIST CENTER OF HAWAII K 2860700 FAIR MARKET VALUE MARIANIST PROVINCE OF THE UNITED STATES C 500000 CASH CHAMINADE UNIVERSITY EDUCATIONAL FOUNDATION C 156500 CASH MARIANIST PROVINCE OF THE UNITED STATES R 172773 CASH