2022-05-16T14:03:01-05:00 2021-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2020-07-01 590624364 Barry University Inc BARR 3058993050 11300 NE 2nd Avenue Miami Shores FL 331616695 Susan Rosenthal VP for Business & Finance 3058993050 2022-05-16 1 Susan Rosenthal 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Dr Michael Allen 11300 NE 2nd Avenue Miami Shores FL 331616695 215090089 0 0928 X http://www.barry.edu X 1940 FL Barry University is a Catholic institution grounded in the liberal arts tradition, fostering a scholarly community commited to maintaining the highest academic standards in undergraduate, graduate, and professional education. 30 28 2390 114 7137 0 8894244 13944285 184785777 187893267 4046128 2873378 3590952 2763158 201317101 207474088 60918447 60558036 0 0 82173110 81622791 0 0 468039 56595860 58015213 199687417 200196040 1629684 7278048 218103852 233517210 101257753 101408207 116846099 132109003 X Barry University is a Catholic institution of higher education founded by the Adrian Dominican Sisters. With a liberal arts tradition, Barry University is a scholarly community committed to the highest academic standards in undergraduate, graduate and professional education. 0 0 128776813 60558036 176387906 Instructional services to graduate and undergraduate students:Based on Barry University's promise to go beyond the degree and provide a truly transformational experience, through the Catholic liberal arts heritage, Barry provides approximately 100 degree programs from bachelors through Ph.D.'s. The programs focus on arts and sciences, business, education, social work, communication, nursing, medical sciences, theology, or law. In addition, resources that include personalized research and experiential learning opportunities provide off-campus resources to further diversify the educational experience. Students are also encouraged to enhance their professional experience with potential provided by the prospects of hands-on internships at some of the country's top organizations. Along with their breadth of partnering organizations, the campus has also physically expanded to multiple locations throughout Florida, including five Schools and Two Colleges with numerous liberal arts and professional disciplines. The undergraduate, graduate, professional, and doctoral degree programs have been instrumental in providing these academic and professional resources to approximately 7,000 full and part-time students at multiple sites. 27394350 13363968 Student services and auxiliary enterprises: The Barry University student services provided by the student affairs division include career services, counseling and psychology, commuter student affairs, leadership and transition, intercultural center, student engagement and student activities, student union, volunteer services, and community outreach programs. The University's auxiliary enterprises include twelve student resident halls, the Roussell Dining Hall and a series of other dining halls, the Barry Bookstore, Campus Ministry and Cor Jesu Chapel, and health and wellness services that include the Landon Fitness Center available to students and staff free of charge. 6668543 356355 The Barry University academic support services include services such as an innovative library system, computer, and learning centers support. The Monsignor William Barry Memorial Library provides a wide array of information resources and services in support of the university's educational mission, integrating print and electronic resources, and providing a comprehensive program of service which allows broad access to information in all formats. The Barry University Library provides services over 100 hours a week, provides and maintains over 80 computer workstations and 12 laptops with wireless internet access, 14 group study rooms, and printing, copying, and scanning services. Barry University's mission and their dedication to the community are also clearly demonstrated by accolades and recognition, awarded to the school through its years of service. In 2015, Barry University received the Community Engagement Classification from the Carnegie Foundation for the Advancement of Teaching, joining 239 other U.S. colleges and universities, including 82 other inaugural recipients, in receiving the distinction. The Carnegie Foundation's Community Engagement Classification is an evidence-based recognition of an institution's commitment to community service.Barry University is part of a national library network. It's also home to the Barry University Dwayne O. Andreas School of Law, which houses an extensive collection of legal materials including Federal and State Statutes, case reporters and digests, monographs, treatises, secondary resources, legal periodicals, and newspapers, with a focus on Florida-specific legal resources. Reference librarians with law degrees are available to assist with research and reference for students, faculty, and members of the Orlando legal community. 162839706 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 9413 0 1 2390 1 1 1 1 CJ 0 0 0 1 0 0 0 0 0 0 0 X 30 28 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X Judith Penate 3058994042 11300 NE 2nd Avenue Miami Shores FL 331616695 Dr Michael Allen President 40.00 X X 396506 0 189485 John Murray Provost 40.00 X 247809 0 33395 Brian Caldwell Dean, School of Podiatric Medicine 40.00 X 234712 0 34866 Ronald Dick Professor, Anesthesiology 40.00 X 266750 0 21337 Leticia Diaz Dean, Law 40.00 X 233359 0 32971 John McFadden Dean, Nursing & Health Sci 40.00 X 244869 0 19472 James Losito Professor, Podiatric Medic 40.00 X 225563 0 31735 Susan Rosenthal VP for Business & Finance 40.00 X 213313 0 33533 Bernadine M Douglas VP for Institutional Advancement 40.00 X 201631 0 27677 Yvette Koottungal Vice President for Strategic Initiatives 40.00 X 193830 0 33289 Thomas Merrill Professor, Surgery 40.00 X 192200 0 31668 Lonar Anthony Umadhay Associate Professor of Anesthesiology 40.00 X 184556 0 26613 Jennifer Pugh VP for University Administ 40.00 X 176437 0 33730 Joan Phillips Dean, School of Business 40.00 X 180021 0 25863 Scott Smith VP for Mission & Student E 40.00 X 167192 0 32308 David Dudgeon General Counsel 40.00 X 145518 0 21164 John M Bussel Vice Chairperson 1.00 X X 0 0 0 Gregory Greene Chairperson 1.00 X X 0 0 0 Tanya I Davis CPA Vice Chairperson 1.00 X X 0 0 0 Christopher J Gruchacz Secretary 1.00 X X 0 0 0 Matthew Allen Trustee 1.00 X 0 0 0 Daniel F Bird PhD part year Trustee 1.00 X 0 0 0 Sister Mary Ann Caulfield OP Trustee 1.00 X 0 0 0 Henri Crockett Trustee 1.00 X 0 0 0 Edward Feenane Trustee 1.00 X 0 0 0 Sr Rosemary T Finnegan OP Trustee 1.00 X 0 0 0 John D Fumagalli Trustee 1.00 X 0 0 0 Allyson Maynard-Gibson QC LLM Trustee 1.00 X 0 0 0 Jorge A Gross CPA Trustee 1.00 X 0 0 0 Pieter van der Heide Trustee 1.00 X 0 0 0 Monsignor Chanel Jeanty JCL Trustee 1.00 X 0 0 0 Joyce Landry Trustee 1.00 X 0 0 0 David Lawrence Jr Trustee 1.00 X 0 0 0 Kimberly Topping Morris Trustee 1.00 X 0 0 0 William R O'Donnell PE SECB Trustee 1.00 X 0 0 0 Phillis Oeters Trustee 1.00 X 0 0 0 Linda O Perez Esq Trustee 1.00 X 0 0 0 Frank G Persico Trustee 1.00 X 0 0 0 Aletha Player Trustee 1.00 X 0 0 0 John G Primeau Trustee 1.00 X 0 0 0 Heather J Rohan FACHE Trustee 1.00 X 0 0 0 Amelia Sanchez Trustee 1.00 X 0 0 0 Kevin W Shaughnessy Esq Trustee 1.00 X 0 0 0 Sister Patricia Siemen OP JD Trustee 1.00 X 0 0 0 John S Steinberg DPM Trustee 1.00 X 0 0 0 Greta Enid Matta Trotman Esq Trustee 1.00 X 0 0 0 3504266 0 629106 103 0 1 0 Compass Group PO Box 50196 Los Angeles CA 900740196 Construction Services 2496312 Allied Universal 161 Washington Street Suite 600 Ei Conshohocken PA 19428 Food Services 2055166 GCA 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Custodial, Grounds Services 1541381 Relevant Brands Inc 800 Douglas Road La Puerta del Sol Coral Gables FL 33134 Security Services 1434462 ABM Industry Groups LLC 14141 Southwest Freeway Suite 400 Sugar Land TX 77478 Custodial, Grounds Services 1219406 31 1801 9248158 4694326 612159 13944285 Tuition and Fees 900099 175840199 175840199 Auxilliary Enterprises 900099 9513164 9513164 Podiatric Clinic 900099 1323679 1323679 Student fees 900099 1111571 1111571 Athletic facilities 532000 104654 97517 7137 187893267 457 457 1550763 1550763 621976 0 621976 621976 621976 7758546 1107189 6585366 958211 1173180 148978 1322158 1322158 63169 1801 72424 -9255 -9255 Reimbursements 900099 1091940 1091940 Loss on extinguishment 900099 -71662 -71662 1130159 1130159 2150437 207474088 190108229 7137 3414437 60558036 60558036 2919570 2413403 491668 14499 194863 161026 32865 972 64966417 53819516 10826562 320339 1670484 1373122 285743 11619 7170866 5717825 1420774 32267 4700591 3896575 779926 24090 185869 55672 130197 707684 59249 648435 172087 172087 215971 148644 67327 8459909 5425489 3027566 6854 2742810 366383 2354679 21748 2412124 2177007 233210 1907 6228406 1346338 4857331 24737 4851216 4242500 603306 5410 361706 345430 16222 54 141469 125887 15457 125 3047477 2541202 506275 9133892 7714026 1419866 4058858 466822 3592036 Food Service 3055424 3013744 39773 1907 Repairs & Maintenance 2660388 2126995 533393 Bad Debt 2297089 975 2296114 Library Resources 1641406 1641357 49 5641428 3102483 2537434 1511 200196040 162839706 36888295 468039 15183649 24827862 3538956 3114932 513886 514106 8165259 9980664 10712100 9962419 241034221 127455403 118717828 113578818 20709172 28762283 25667801 25373110 8076484 8048530 311919 6818717 9042567 218103852 233517210 12470124 17509506 1055852 988404 60395738 58028833 2453268 1682397 24882771 23199067 101257753 101408207 X 81176368 86462222 35669731 45646781 116846099 132109003 218103852 233517210 X 7278048 7979242 5614 X 0 1 X 1 1 1 X 5334701 4671830 5098814 8894244 13944285 37943874 5334701 4671830 5098814 8894244 13944285 37943874 132993 37810881 1600488 1507068 2555750 3510028 2173196 11346530 5148071 2774843 5581767 3082163 2213606 18800450 68090854 902613926 0.55530 0.48010 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2016 Amount: $ 129,869. 2017 Amount: $ 83,139. 2018 Amount: $ 54,822. 2019 Amount: $ 71,384. 2020 Amount: $ 63,169. Other - 2016 Amount: $ 5,018,202. 2017 Amount: $ 2,691,704. 2018 Amount: $ 5,526,945. 2019 Amount: $ 3,010,779. 2020 Amount: $ 2,150,437. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 120250 0 1 51837 172087 0 Part II-B, Line 1: Between July 1, 2020 through June 30, 2021, Barry University, advocated for government support at the local, state and federal levels, in-person, via email, telephone and U.S. mail. As a member of the Independent Colleges and Universities of Florida (ICUF), Barry University advocated for legislation that would expand government support and funding for independent colleges and universities. Further, as a member of the Hispanic Association of Colleges and Universities (HACU), Barry University appealed to elected officials for support of Hispanic-serving institutions. X 1 6.20 0 0 1 1 80.00 2000 186476 X 0 45993199 415031 9702656 677632 945371 54487883 45448212 745043 422990 428749 194297 45993199 43980904 432963 1553590 486621 32624 45448212 40086142 1261107 2863414 130251 99508 43980904 36571919 222431 3467987 176195 40086142 0.29590 0.70410 0 0 7803612 7803612 178429013 85614411 92814602 53752753 41840992 11911761 1048843 1048843 113578818 Corporate bonds 4158981 C U.S. government obligations 7472702 C Land and building held for investment 11650000 C Hedge funds 1704818 C Other investments 386609 C 25373110 Student Deposits 11448067 Other 11751000 23199067 X 157975664 7979242 8248 78038 8065528 149910136 57563952 57563952 207474088 142712760 8248 72424 80672 142632088 57563952 57563952 200196040 Part II, Line 9: The University records the easement in its statement of financial position as part of the cost of the land purchased for the University's law school in Orlando. Part III, Line 4: The collection of books relates to theology, philosophy, religious studies, and supporting disciplines. Part V, Line 4: The University's unrestricted endowments are restricted by the University's Board of Trustees. The Board can appropriate as much of the net appropriation on board-designated endowments as is prudent considering the University's present and anticipated financial requirements, expected total return on investments, price level trends, and general economic conditions. The income derived from permanently restricted endowed funds is to be used for various programs sponsored by the University in accordance with the donor's wishes and is classified as restricted or net assets with donor restrictions, in accordance with the donor's wishes. Part X, Line 2: The University is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. Accordingly, the financial statements do not include an income tax provision, except for certain taxable transactions. The University complies with the provisions of Accounting Standards Codification (ASC) 740(formerly Financial Accounting Standards Board Interpretation (FASB) No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 ("FIN 48"). Under ASC 740, the University must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Management of the University does not believe there are any material uncertain tax positions and accordingly has not recognized any liability for unrecognized tax benefits. The University has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the University has filed Internal Revenue Service Form 990 tax returns as required and all other applicable returns in those jurisdictions where it is required. The University believes that it is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017. However, the University is still open to examinations by taxing authorities from fiscal year 2017 forward. For the years ended June 30, 2020 and 2019, there was no interest or penalties recorded or included in the consolidated statements of activities and changes in net assets. Earnings from unrelated business activities were not significant for the years ended June 30, 2021 and 2020. Accordingly, no provision for income taxes has been made in accompanying consolidated financial statements. Part XI, Line 2d - Other Adjustments: Change in cash surrender value 5,614. Special event expenses 72,424. Part XI, Line 4b - Other Adjustments: Scholarships netted with revenue 57,563,952. Part XII, Line 2d - Other Adjustments: Special event expenses 72,424. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 57,563,952. 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 organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(c). The organization has updated its homepage to post the policy as of May 2022. Schedule E, Part I, Line 6 Barry University receives assistance from Title IV programs including Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant, Federal Work-Study Program, etc. The University also received financial assistance from the Higher Education Emergency Relief Funds (HEERF) as part of the CARES Act. Central America and the Caribbean 0 42 Program Services Graduate Social Work and Education Teaching 44241 Central America and the Caribbean INVESTMENTS 1704818 0 42 0 0 0 42 1749059 0 1749059 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting. Part III Accounting Method: Alumni Reunion 46184 46184 14497 690 11064 27388 Golf Tournament 18786 1801 16985 5650 6941 5000 1194 64970 1801 63169 5650 21438 5690 11064 28582 72424 -9255 1 Student Scholarships/Awards 6343 57563952 HEERF Grants 4956 2994084 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. No cash changes hands and funds are directly applied to student accounts. As of June 30, 2021, The U.S. Department of Education awarded $9.4 million to Barry University to support direct emergency payments to students affected by the COVID-19 pandemic. As of 6/30/21, the University awarded $2,513,699 in emergency financial assistance to students. The balance of $6.9 million will be awarded fiscal year 2022 and 2023. As part of the $9.4 million award, the University awarded total HEERF grants to students in the amount of $2,994,084. X X X X 1 1 X X X 0 0 0 1 0 0 0 0 0 Dr Michael Allen President 396506 0 0 0 0 0 16188 0 174347 0 587041 0 0 0 Ronald Dick Professor, Anesthesiology 266750 0 0 0 0 0 10711 0 11048 0 288509 0 0 0 John Murray Provost 247809 0 0 0 0 0 10098 0 24013 0 281920 0 0 0 Brian Caldwell Dean, School of Podiatric Medicine 234712 0 0 0 0 0 8067 0 27503 0 270282 0 0 0 Leticia Diaz Dean, Law 233359 0 0 0 0 0 9707 0 23957 0 267023 0 0 0 John McFadden Dean, Nursing & Health Sci 244869 0 0 0 0 0 9836 0 10171 0 264876 0 0 0 James Losito Professor, Podiatric Medic 135356 0 0 0 90207 0 7049 0 25126 0 257738 0 0 0 Susan Rosenthal VP for Business & Finance 213313 0 0 0 0 0 8914 0 25264 0 247491 0 0 0 Bernadine M Douglas VP for Institutional Advancement 201631 0 0 0 0 0 8460 0 19788 0 229879 0 0 0 Yvette Koottungal Vice President for Strategic Initiat 193830 0 0 0 0 0 8130 0 25757 0 227717 0 0 0 Thomas Merrill Professor, Surgery 179237 0 0 0 12963 0 8011 0 24106 0 224317 0 0 0 Lonar Anthony Umadhay Associate Professor of Anesthesiolog 184556 0 0 0 0 0 7569 0 19509 0 211634 0 0 0 Jennifer Pugh VP for University Administ 176437 0 0 0 0 0 7465 0 26823 0 210725 0 0 0 Joan Phillips Dean, School of Business 180021 0 0 0 0 0 7467 0 18955 0 206443 0 0 0 Scott Smith VP for Mission & Student E 167192 0 0 0 0 0 7831 0 25052 0 200075 0 0 0 David Dudgeon General Counsel 145518 0 0 0 0 0 5985 0 15648 0 167151 0 0 0 Part I, Line 1a Housing Allowance & Personal Services: As a condition of employment, and as a convenience to the University, the President is provided a University-owned home. The University uses this home extensively for University functions and provides grounds care at all times and housekeeping when there is an event. The home is provided as a nontaxable benefit to the President because it is required in his contract and he resides there for the convenience of the University. First-class travel is provided treated as non-taxable compensation to the President. The University pays the membership dues for an airline travel club and a country club for the President. These memberships are used for bona-fide business purposes and therefore, are treated as non-taxable. Part I, Line 5 Physicians in the School of Podiatry received a percent of gross receipts of the teaching clinics. A Pinellas County Education Facility 596000800 723161GE9 2011-08-02 38929920 See Part VI 0 0 0 B Pinellas County Education Facility 596000800 723161GX7 2012-03-28 32695767 See Part VI 0 0 0 A 11235000 39032312 3366646 969251 553041 16000000 18190897 2012 1 0 1 1 B 6310000 32798108 3420208 439883 28986307 2012 1 0 1 1 A 0 0 1 1 0 0 1 0.14100 1 1 B 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 07/31/2019 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 03/27/2020 Schedule K, Part I, Line B, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to refund the 11/29/2000 bond as well as finance and refinance the cost of acquisitions, construction, and equipping of certain educational facilities and other capital improvements to be owned and operated by the University and to reimburse advances made by the University to pay a portion of such costs, and fund a debt service reserve fund and pay costs of issuance of the Series 2011 Bonds. Schedule K, Part I, Line C, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fully refund the Series 2000 Bonds, partially refund Series 1998 Bonds, fund a debt service reserve fund, and pay certain costs of issuance of the Series 2012 Bonds. Schedule K, Part II, Line 3, Column (B): Difference proceeds from issue price are Investment Earnings Schedule K, Part II, Line 3, Column (C): Difference proceeds from issue price are Investment Earnings Laura Alonso-Gallo Family member of Board Chairperson, John Bussel 120879 W-2 Wages and Benefits 0 Rebecca Murray Family member of Provost, John Murray 69173 W-2 Wages and Benefits 0 X 6 212911 Selling Price X Podiatric Clinic 1 340000 Cost X Award plaques/clothes/shoes 10 28069 Cost X Supplies 5 21120 Cost X Food/Beverages 5 10059 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 Composition of the Executive Committee of the Board: The Board will have an Executive Committee consisting of the Chairperson of the Board and not less than five (5) other Trustees. The Executive Committee will include at least one (1) member of the Sponsoring Congregation, which shall be the Prioress of the Sponsoring Congregation or a Board member designated by the Prioress. The Chairperson of the Board is also the Chairperson of the Executive Committee. The Vice Chairpersons of the Board and Chairperson of each Committee of the Board will also be members of the Executive Committee. The Secretary of the Board ("Board Secretary"), who must be a Trustee, will also be a member of the Executive Committee. The President shall be a member of the Executive Committee; as a member of the Executive Committee the President will have the power to vote and will be counted as a member of the Executive Committee for the purpose of determining a quorum except when the subject of the vote creates a conflict of interest pursuant to Article XII (eg. President's compensation, removal, or other conflict as determined by the Board). The Chairperson of the Board shall be empowered to invite the immediate past Chairperson to serve on the Executive Committee. Scope of the Committee's authority: When the Board is not in session and prudent management requires prompt action, the Executive Committee shall exercise all of the authority of the Board in the management of the Corporation except as such authority is limited by resolution of the Board, and any such action shall be submitted to the Board at its next meeting for review. Actions by the Executive Committee, as described in this provision, shall be used sparingly and shall not be abused. A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Form 990, Part VI, Section A, line 7a The University's Sponsoring Congregation selects up to three Sisters to serve as Trustees, one of which shall be the Prioress of the Sponsoring Congregation. Form 990, Part VI, Section A, line 7b The following matters require the approval of the Sponsoring Congregation's Prioress and General Council or their designee: - any changes to the purposes and mission of the organization - the slate of nominees for appointment to the President of the organization - any amendments to the Articles or Bylaws of the organization that affect the powers or rights of the Sponsoring Congregation - the nominees to the Board and selecting those persons to be appointed as the Sponsoring Congregation Trustees - the purchase, sale, lease or mortgage of real property of the organization in an amount more than $5,000,000 for purchases, sale, and mortgages and more than $50,000 per month for leases - the merger or dissolution of the organization and upon approval of dissolution, the approval of the disposition of the assets of the organization as set forth in the Articles Form 990, Part VI, Section B, line 11b Barry University uses the following process to review the Form 990. An external tax firm prepares the return with input from the University's controller. The Vice President of Business and Finance reviews, approves, and signs the return. A public inspection copy of the reviewed Form 990 is then provided to the Board of Trustees prior to filing with the IRS. The external tax firm electronically files the return on or before the due date including extensions. Form 990, Part VI, Section B, line 12c On an annual basis, under the conflict of interest policy, each covered person shall execute an annual disclosure statement disclosing the facts related to any covered relationship. Ongoing: a covered person shall disclose the existence and nature of any covered relationship and all material facts prior to the consideration of a proposed transaction or arrangement by the board (for a trustee or the President) or the President's Cabinet (for covered persons not trustees). In the event that a potential conflict of interest arises at a board meeting for a trustee or the President, the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the board. In the event that a potential conflict of interest arises outside a board meeting and/or for a covered person not a trustee, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the President's Cabinet. After disclosure by a trustee or the President to the board of a covered relationship and all material facts, and after any discussion with the covered person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. After disclosure by anyone other than a trustee to the President's Cabinet of a covered relationship and all material facts, and after any discussion with the covered person, the President's Cabinet will discuss and vote upon the determination of a conflict of interest. A covered person that is a trustee or the President may make a presentation to the board, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The board of trustees or the President's Cabinet will then deliberate to independently determine if possible conflict of interest identified will be approved by the appropriate body to ensure adherence to the conflict of interest policy. Form 990, Part VI, Section B, line 15 Line 15a: The President's compensation is reviewed annually; comparable data/information is reviewed. The compensation is in keeping with the University's guidelines. The Chairperson and the Executive Committee of the Board conduct the annual evaluation of the President. The discussions and decisions form part of the minutes to the board of trustees meeting. Line 15b: Compensation for all other officers and key employees is approved through HR in collaboration with the President, VP, or Provost responsible for the area. HR uses compensation benchmark data for all University positions and documents the approval process through automated business process workflows in its system of record. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. The 990 return of organization exempt from tax is public information. Form 990, Part XI, line 9: Adjust to cash surrender value 5,614.