2022-04-25T08:13:43-05:00 2021-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2020-07-01 440562048 PARK UNIVERSITY % GREGG GIVENS PARK 8165846248 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 GREGG GIVENS CFO 8165846248 2022-05-15 true GREGG GIVENS 999009999 Michael J Engle P00482834 8162216300 2022-05-15 2 2020 2022-09-23 18:48:47Z GREGG GIVENS 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 95611309 false X WWW.PARK.EDU X 1879 MO PARK UNIVERSITY PROVIDES LEADERSHIP AND INNOVATIVE EDUCATION FOR A DIVERSITY OF LEARNERS WHO WILL BECOME LEADERS IN THE GLOBAL COMMUNITY. 22 22 1924 400 0 0 6634077 10308396 85309187 76713734 1227018 6102300 2543977 2102810 95714259 95227240 9160656 8009325 0 0 52504648 48404098 0 0 717635 29587009 27944331 91252313 84357754 4461946 10869486 184306749 199715132 44373132 49436916 139933617 150278216 PARK UNIVERSITY'S MISSION IS TO TRANSFORM LIVES THROUGH ACCESSIBLE, STUDENT-CENTERED, QUALITY HIGHER EDUCATION. false false 55164789 8009325 74650155 PROVIDED HIGHER EDUCATION TO STUDENTS: THESE ARE EXPENSES CONNECTED WITH INSTRUCTION, ACADEMIC SUPPORT, AND STUDENT SERVICES, AND ALL OTHER CAMPUS RELATED FUNCTIONS. CURRENTLY, PARK UNIVERSITY SERVES APPROXIMATELY 8,700 STUDENTS ANNUALLY IN THE PARKVILLE AND KANSAS CITY, MISSOURI AREA, IN THE GILBERT, ARIZONA AREA, AT REMOTE LOCATION CAMPUSES, AND ONLINE. 3981925 0 2063579 AUXILIARY: THESE ARE EXPENSES CONNECTED WITH STUDENT HOUSING, FOOD SERVICE, AND A FITNESS CENTER. 59146714 true true false true false false false true false true true false false true true false true false true false true false false false true false false false true true true false true false false false false true false false false false false false false true false false false false true 197 0 true 1924 true false false false false false true true false false false false false false X 22 22 false false true false false false false true true false true true true true true true true true true false false CA X GREGG GIVENS 8165846249 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 X GREG GUNDERSON PRESIDENT UNTIL 11/2020 50.0 0.0 X 351280 0 52151 SHANE SMEED INTERIM PRESIDENT 50.0 0.0 X 239456 0 41582 MICHELLE MEYERS PROVOST 50.0 0.0 X 203826 0 30360 DAVID WHITTAKER CHIEF INFORMATION OFFICER 50.0 0.0 X 186391 0 40052 BRIAN BODE VP OF FACILITIES UNTIL 06/2020 0.0 0.0 X 209981 0 7302 KIRBY BROWN DEAN COLLEGE OF MANAGEMENT 50.0 0.0 X 186961 0 6315 SUSAN WILCOX VP GILBERT CAMPUS 50.0 0.0 X 157016 0 26290 GREGG GIVENS CHIEF FINANCIAL OFFICER 50.0 0.0 X 148258 0 33416 ROGER DUSING VP OF HUMAN RESOURCES 50.0 0.0 X 135616 0 27254 KENA WOLF ASSOC VP DISTANCE & CAMPUS CTR 50.0 0.0 X 127433 0 30086 EMILY SALLEE ASSOCIATE PROVOST 50.0 0.0 X 142912 0 8820 MARK NOE PROFESSOR 50.0 0.0 X 134725 0 16799 NATHAN MARTICKE CHIEF ADVANCEMENT OFFICER 50.0 0.0 X 119055 0 29169 ERIK BERGRUD ASSOC VP UNIVERSITY ENGAGEMENT 50.0 0.0 X 128005 0 8413 RANA LACER CFO UNTIL 1/20 50.0 0.0 X 29518 0 0 ANN HANSBROUGH TRUSTEE 2.0 0.0 X 0 0 0 JEANETTE PRENGER TRUSTEE/CHAIR 2.0 0.0 X X 0 0 0 JACQUELINE SNYDER TRUSTEE 2.0 0.0 X 0 0 0 TROY TEAGUE TRUSTEE/SECRETARY 2.0 0.0 X X 0 0 0 LYNN CRAGHEAD TRUSTEE/TREASURER 2.0 0.0 X X 0 0 0 SCOTT MCRUER TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM PERRY TRUSTEE 2.0 0.0 X 0 0 0 ANDREW SHOFFNER TRUSTEE 2.0 0.0 X 0 0 0 MITZI CARDENAS TRUSTEE 2.0 0.0 X 0 0 0 RICHARD KELLER TRUSTEE 2.0 0.0 X 0 0 0 DENNIS FISCHER TRUSTEE 2.0 0.0 X 0 0 0 VINCE CLARK TRUSTEE/VICE CHAIR 2.0 0.0 X X 0 0 0 MICHAEL COLLINS TRUSTEE 2.0 0.0 X 0 0 0 JAMES CORNELIUS TRUSTEE 2.0 0.0 X 0 0 0 CYPRIENNE SIMCHOWITZ TRUSTEE 2.0 0.0 X 0 0 0 MARA COHARA TRUSTEE 2.0 0.0 X 0 0 0 ANTHONY MELCHIORRI TRUSTEE 2.0 0.0 X 0 0 0 SARAH MOE-MEYERS TRUSTEE 2.0 0.0 X 0 0 0 ROBERT BUCKER TRUSTEE 2.0 0.0 X 0 0 0 LINDA COVENTON TRUSTEE 2.0 0.0 X 0 0 0 ADELAIDA SEVERSON PHD TRUSTEE 2.0 0.0 X 0 0 0 ANDREW ROMER TRUSTEE 2.0 0.0 X 0 0 0 2500433 0 358009 37 true true false STRAUB CONSTRUCTION CO INC 7775 MEADOW VIEW DR SHAWNEE KS 662273054 CONSTRUCTION 3412556 VISA CARD CENTER PO BOX 875852 KANSAS CITY MO 641875852 VPA SERVICE PROVIDER 2529528 UMB BANK PBC CARD PO BOX 875852 KANSAS CITY MO 641875852 PURCH CARD PROVIDER 1145355 BRYAN CAVE LLP 1200 MAIN STREET SUITE 300 KANSAS CITY MO 641052122 LEGAL SERVICE 531004 WALTZ TETRICK ADVERTISING 6299 NALL AVE STE 300 MISSION KS 662023551 ADVERTISING 624281 37 299623 8639003 1369770 10308396 Tuition and Fees 611600 74650155 74650155 Auxiliary Enterprises 611710 2063579 2063579 76713734 1008807 1008807 0 311664 311664 1430904 306472 1124432 0 1124432 1124432 5093493 5093493 5093493 5093493 11025 299623 77597 -66572 -66572 0 0 0 0 0 0 Other Sources 900099 584240 584240 Recovery and Indirect Costs 541900 26057 26057 Commissions 900099 122989 122989 733286 95227240 76713734 8205110 0 8009325 8009325 0 0 1750876 203826 1418884 128166 0 38320454 29851335 8093285 375834 1298393 943573 338333 16487 4199240 1441737 2688368 69135 2835135 2216670 581568 36897 0 485445 485445 188881 188881 30000 30000 0 109584 109584 3045454 2259131 727958 58365 1664594 825613 832955 6026 4755726 996464 3742758 16504 2379919 524410 1855509 0 5265707 3539445 1726262 346720 325742 12066 8912 0 1309 1309 922004 880143 41861 0 5330997 4851207 479790 1490046 467790 1022256 STRATEGIC PLANNING 328930 324813 4117 DUES & SUBSCRIPTIONS 347631 204106 143525 BAD DEBT EXPENSES 1251384 1251384 84357754 59146714 24493405 717635 30722961 28106681 1444315 2720207 2449291 2127784 5898830 4598319 0 0 0 0 0 0 0 0 1451920 1258938 158694052 76313696 83871597 82380356 36224464 49921222 3472071 1531250 0 0 0 0 18771300 27070375 184306749 199715132 9140894 10093444 0 0 7924406 7489372 22022832 21100719 0 0 0 0 5285000 4365000 0 0 0 6388381 44373132 49436916 X 85378261 86840824 54555356 63437392 139933617 150278216 184306749 199715132 X 10869486 -2549881 2024994 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1732 30000 31732 84326022 84357754 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 2393 2597 2462 31732 39184 250000 250000 250000 250000 1000000 1500000 2279 2597 2462 1732 9070 X false 55963204 211082 3841213 562664 59452835 56812221 536904 -425008 960913 55963204 56402432 276632 1203371 1070214 56812221 53626023 195384 3158896 577871 56402432 51521524 196904 2364139 456544 53626023 0.52000 0.21000 0.27000 true false 12900000 539717 13439717 88538807 38580791 49958016 14181073 1476805 12704268 42534455 36256100 6278355 82380356 Funds Held in Trust 20640088 FUNDS HELD AT TIAA 214996 LEASE DEPOSIT 42950 RIGHT OF USE ASSET 6172341 27070375 0 OPERATING LEASE LIABILITIES 6388381 6388381 89099441 -2549881 710550 2102591 263260 88836181 6391059 6391059 95227240 78754842 710550 77597 788147 77966695 6391059 6391059 84357754 SCHEDULE D, PART III, LINE 4 PARK UNIVERSITY RECEIVED DONATED ARTWORK WHICH IT KEEPS ON DISPLAY THROUGHOUT THE CAMPUS. SCHEDULE D, PART V, LINE 4 THE INTENDED USE FOR THE ENDOWMENT FUNDS IS TO PROVIDE FUNDS FOR OPERATIONS, SCHOLARSHIPS, AND ACADEMIC PROGRAMS. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D FUNDRAISING EVENTS EXPENSES $ 77,597 CHANGE IN FUNDS HELD IN TRUST BY OTHERS $ 2,024,994 ----------- $ 2,102,591 SCHEDULE D, PART XI, LINE 4B GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US $ 6,391,059 SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENTS EXPENSES $ 77,597 SCHEDULE D, PART XII, LINE 4B GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US $ 6,391,059 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE POLICY IS AVAILABLE ON THE HOME PAGE OF THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6A PARK UNIVERSITY RECEIVED THE FOLLOWING TYPES OF US DEPARTMENT OF EDUCATION FUNDS/MONIES: FEDERAL PELL GRANTS, FEDERAL PERKINS LOAN, FEDERAL WORK STUDY GRANTS, FEDERAL TEACH GRANTS, STUDENT LOANS, AND SEOG GRANTS. Central America and the Caribbean Investments 1531250 1531250 1531250 false false true false false false GALA 151338 146388 4950 16706 1900 5600 33248 NIGHT OF HELM 123350 123035 315 1950 6500 3511 1 35960 30200 5760 598 5865 1702 17 310648 299623 11025 598 22571 5552 12100 36776 77597 -66572 true SCHOLARSHIPS AND GRANTS 492 3698676 ATHLETIC SCHOLARSHIPS 585 2692383 HIGHER EDUCATIONAL EMERGENCY RELIEF FUNDS 2919 1618266 SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE ASSISTANCE FOR STUDENT RECIPIENTS' TUITION, ROOM, BOARD OR BOOKS, WHEN SUCH REMISSION OCCURS, IT IS A DIRECT REDUCTION OF THE STUDENTS FEES TO THE UNIVERSITY. FOR ATHLETIC SCHOLARSHIPS, THE ATHLETIC DIRECTOR AND DIRECTOR OF STUDENT FINANCIAL SERVICES, TO ENSURE COMPLIANCE WITH NAIA RULES, MUST MONITOR SCHOLARSHIP EXPENDITURES FOR EACH STUDENT AND PROGRAM. THE HIGHER EDUCATION EMERGENCY RELIEF FUNDS (HEERF) GRANTS, ARE ASSISTANCE FOR STUDENTS WITH EXCEPTIONAL NEED. THESE GRANTS CAN BE USED TOWARD EDUCATIONAL COSTS AND OTHER EMERGENCY COSTS THAT ARISE DUE TO CORONAVIRUS, SUCH AS TUITION, FOOD, HOUSING, HEALTH CARE (INCLUDING MENTAL HEALTH CARE), OR CHILD CARE. X X true true X X X X X true false false false false false false false false GREG GUNDERSON PRESIDENT UNTIL 11/2020 308966 42314 17100 35051 403431 SHANE SMEED INTERIM PRESIDENT 207698 31464 294 14662 26920 281038 DAVID WHITTAKER CHIEF INFORMATION OFFICER 167868 18158 365 11984 28068 226443 MICHELLE MEYERS PROVOST 203000 826 12585 17775 234186 SUSAN WILCOX VP GILBERT CAMPUS 146461 10000 555 26290 183306 GREGG GIVENS CHIEF FINANCIAL OFFICER 147202 1056 9773 23643 181674 ROGER DUSING VP OF HUMAN RESOURCES 122203 12795 618 8445 18809 162870 KIRBY BROWN DEAN COLLEGE OF MANAGEMENT 184888 2073 6194 121 193276 KENA WOLF ASSOC VP DISTANCE & CAMPUS CTR 127284 149 7946 22140 157519 EMILY SALLEE ASSOCIATE PROVOST 142796 116 8820 151732 MARK NOE PROFESSOR 133813 912 8145 8654 151524 BRIAN BODE VP OF FACILITIES UNTIL 06/2020 190817 0 18158 0 1006 0 7103 0 199 0 217283 0 SCHEDULE J, PART I, LINE 1A PARK UNIVERSITY PROVIDED ON CAMPUS HOUSING TO THE PRESIDENT. THE FAIR MARKET VALUE QUALIFIED AS NONTAXABLE UNDER CODE SECTION 119 AND IS NOT INCLUDED ON FORM W-2. THE PRESIDENT WAS PROVIDED PERSONAL SERVICES IN THE FORM OF HOUSEKEEPING OF THE PRESIDENT'S ON CAMPUS RESIDENCE. THE RESIDENCE WAS USED AS A LESS FORMAL MEETING VENUE FOR THE PRESIDENT TO INTERACT WITH DONORS, TRUSTEES, VISITING DIGNITARIES, PROFESSORS, ETC. THE FAIR MARKET VALUE WAS NOT TAXABLE INCOME BECAUSE COSTS OF HOUSEKEEPING ASSOCIATED WITH SIGNIFICANT PUBLIC USE OF THE RESIDENCE WAS CONSIDERED AN APPROPRIATE BUSINESS EXPENSE. SCHEDULE J, PART I, LINE 4A GREG GUNDERSON - $41,762 A SEE PART VI 260797833 701533AV3 2016-12-08 9995000 SEE PART VI false false false B SEE PART VI 431282533 701533AV3 2016-12-08 6836206 SEE PART VI false false false C SEE PART VI 260797833 701533AX9 2019-12-04 8500000 SEE PART IV false false false A 0 0 9995000 0 0 0 192025 0 0 0 9802975 0 2008 true false true true B 3550000 0 6836206 0 0 0 133876 0 0 0 6702330 0 2008 true false true true C 0 0 8500000 0 0 0 170000 0 0 3562684 4767316 0 2019 false false false true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true PART I, COLUMN (A), LINE A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF PARKVILLE, MISSOURI PART I, COLUMN (A), LINE B THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PLATTE COUNTY, MISSOURI PART I, COLUMN (A), LINE C THE INDUSTRIAL DEVELOPMENT AUTHORITY OF PARKVILLE, MISSOURI PART I, COLUMN (F), LINE A REFUND A PORTION OF THE SERIES 2007 BONDS (ISSUED 9/13/2007) PART I, COLUMN (F), LINE B REFUND A PORTION OF THE SERIES 2007 BONDS (ISSUED 9/13/2007) PART I, COLUMN (F), LINE C CAPITAL ISSUANCE TO BUILD A NEW BUSINESS SCHOOL BUILDING PART IV, COLUMN A, LINE 2C REPORT COMPUTED AS OF 12/01/2017 PART IV, COLUMN B, LINE 2C REPORT COMPUTED AS OF 12/01/2017 11292 MERIT BASED PAY COLLEGE EXPENSES SEE PART V SEE PART V FORM 990, PART VI, SECTION A, LINE 4 Substantive Changes: Article 4: Amended Duty of Care, Duty of Confidentiality, Duty of Loyalty and Conflicts of Interest section. There is no longer a separate Conflicts of Interest Policy or Disclosure Statement. Article 17: Amended Advancement Committee Charter Article 18: Amended Audit Committee Charter to include Committee review/monitoring of cyber security. Article 21: NEW Strategic Alliances Committee. A full Standing Committee of the Board. Article 22: Amended Indemnification language to include an ERISA fiduciary. Appendix A: Added/deleted defined terms, as referenced in the Bylaws Appendix C: NEW Receipt/Acknowledgement of Bylaws signed by Trustees each year. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION FOR THE FORM 990 IS GATHERED AND PREPARED BY THE UNIVERSITY FINANCE TEAM AND THEN SENT TO AN INDEPENDENT CPA FIRM FOR PREPARATION OF THE FORM 990. A DRAFT OF THE FORM 990 IS THEN REVIEWED BY THE UNIVERSITY CONTROLLER AND CHIEF FINANCIAL OFFICER WITH THE INDEPENDENT CPA FIRM. UPON RESOLUTION OF ANY COMMENTS OR CONCERNS, THE FORM 990 IS PLACED ON THE UNIVERSITY'S SECURE, CONFIDENTIAL, ELECTRONIC BOARD OF TRUSTEES PORTAL FOR REVIEW AND COMMENT BY ALL MEMBERS OF THE AUDIT COMMITTEE. UPON CONSENSUS, THE FORM 990 IS APPROVED FOR FILING WITH THE IRS AND ALL BOARD OF TRUSTEES ARE NOTIFIED THAT THE FORM 990 HAS BEEN POSTED FOR THEIR INFORMATION ON THE UNIVERSITY'S SECURE, CONFIDENTIAL, ELECTRONIC BOARD PORTAL. THE BOARD OF TRUSTEES PORTAL IS THE CHANNEL UTILIZED BY THE UNIVERSITY TO PROVIDE MANAGEMENT AND GOVERNANCE INFORMATION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES (BOARD) OF PARK UNIVERSITY HAS ADOPTED AND REGULARLY MONITORS THE IMPLEMENTATION, PERIODIC REVIEW, AND UPDATING, OF THE PARK UNIVERSITY CONFLICT OF INTEREST POLICY (POLICY) AND CONFLICT OF INTEREST DISCLOSURE STATEMENT (DISCLOSURE STATEMENT). EVERY YEAR, EACH INTERESTED PERSON (AS DEFINED IN THE POLICY), UNIVERSITY OFFICERS, UNIVERSITY TRUSTEES, AND KEY EMPLOYEES OF THE UNIVERSITY ARE REQUIRED TO COMPLETE A POLICY AND DISCLOSURE STATEMENT. IN ADDITION, INTERESTED PERSONS ARE REQUIRED TO COMPLETE UPDATED DISCLOSURE STATEMENTS AT ANYTIME POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARISE. WHEN NEW TRUSTEES ARE ELECTED TO THE BOARD AND WHEN EMPLOYEES BECOME INTERESTED PERSONS, EACH IS REQUIRED TO FILE A DISCLOSURE STATEMENT. THE ASSISTANT SECRETARY COLLECTS AND THE AUDIT COMMITTEE, ALONG WITH OUTSIDE LEGAL COUNSEL, REVIEWS THE NATURE OF THE CONFLICTS AND RELATED INFORMATION REPORTED ON THE DISCLOSURE STATEMENTS. THE BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE AUTHORITY TO TAKE ACTIONS DESCRIBED BELOW. THE AUDIT COMMITTEE INITIATES AN INQUIRY INTO WHETHER A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON WHO IS THE SUBJECT OF AN AUDIT COMMITTEE CONFLICTS INQUIRY MAY PRESENT INFORMATION RELEVANT TO THE EXISTENCE OF A CONFLICT OF INTEREST. HOWEVER, THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE AUDIT COMMITTEE, AND EVEN IF THE INTERESTED PERSON IS A MEMBER OF THE AUDIT COMMITTEE, THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE AUDIT COMMITTEE RELATED TO THE CONFLICT INQUIRY, AND MAY NOT VOTE ON ANY ISSUE RELATED TO THE CONFLICT INQUIRY, INCLUDING THE EXISTENCE OF A CONFLICT OF INTEREST OR ANY ACTIONS TO BE TAKEN BY THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE OR THE BOARD AS A RESULT OF THE EXISTENCE OF A CONFLICT OF INTEREST. THE CHAIR OF THE AUDIT COMMITTEE KEEPS THE BOARD CHAIR, THE EXECUTIVE COMMITTEE, THE TRUSTEESHIP COMMITTEE, THE BOARD OF TRUSTEES AND OUTSIDE LEGAL COUNSEL APPRISED OF THE STATUS OF CONFLICT-RELATED INQUIRIES AND OTHER CONFLICT-RELATED MATTERS THAT ARE WITHIN THE PURVIEW OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR, BOARD CHAIR, AND OTHER TRUSTEES MAY SEEK ADVICE FROM OUTSIDE LEGAL COUNSEL REGARDING CONFLICTS RELATED ISSUES. NO TRUSTEE WITH A CONFLICT OF INTEREST MAY PARTICIPATE IN DELIBERATIONS OR ANY DECISION MAKING RELATED TO THAT CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD EXECUTIVE COMMITTEE FUNCTIONS AS THE UNIVERSITY'S AUTHORIZED BODY REGARDING COMPENSATION OF THE UNIVERSITY PRESIDENT (WHO SERVES AS THE CHIEF EXECUTIVE OFFICER OF THE UNIVERSITY). NO TRUSTEE WITH A CONFLICT OF INTEREST TO A COMPENSATION ARRANGEMENT MAY PARTICIPATE IN COMPENSATION DELIBERATIONS OR IN ANY DECISION MAKING OF THE EXECUTIVE COMMITTEE RELATED TO THAT CONFLICT OF INTEREST. THE EXECUTIVE COMMITTEE AND THE PRESIDENT, WITH ASSISTANCE FROM THE CHIEF HUMAN RESOURCES OFFICER OBTAIN COMPARABLE COMPENSATION INFORMATION FROM A VARIETY OF SOURCES, INCLUDING THE MOST CURRENT ADMINISTRATIVE COMPENSATION SURVEY PRODUCED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA SURVEY). THE EXECUTIVE COMMITTEE ALSO CONSIDERS COMPENSATION DATA THAT MAY BE AVAILABLE FROM OTHER SOURCES SUCH AS THE CHRONICLE OF HIGHER EDUCATION. THE EXECUTIVE COMMITTEE USES THAT DATA IN ITS PERIODIC COMPENSATION DELIBERATIONS. THE CUPA SURVEY INCLUDES DATA REGARDING COMPENSATION OF PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. DELIBERATIONS OF THE EXECUTIVE COMMITTEE REGARDING EXECUTIVE COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED AND RECORDS REGARDING EXECUTIVE COMPENSATIONS ARRANGEMENTS ARE MAINTAINED. PARK VISTA LLC 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 440562048 LEASING MO PARK UNIV PARK VENTURES LLC 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 440562048 INVESTING MO 79087 300000 PARK UNIV