2022-05-10T10:35:12-05:00 2021-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2020-07-01 231353385 SUSQUEHANNA UNIVERSITY SUSQ 5703724128 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 MICHAEL A COYNE EXECUTIVE VICE PRESIDENT 5703724128 2022-05-10 1 MICHAEL COYNE 999009999 TROY MARINE CPA P00187863 4147775500 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JONATHAN GREEN 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 150313376 0 X WWW.SUSQU.EDU X 1859 PA SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD. 36 32 1802 332 13410 0 8572468 18338377 133339845 131798158 552651 163431 72397 13410 142537361 150313376 72590914 76799133 0 0 42667421 42902772 39489 7525 2401700 37843852 34802578 153141676 154512008 -10604315 -4198632 339662705 375319031 67239170 68084510 272423535 307234521 SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD. 0 0 143982039 76799133 131798158 SUSQUEHANNA UNIVERSITY IS A NATIONAL LIBERAL ARTS COLLEGE CURRENTLY ENROLLING APPROXIMATELY 2,200 FULL-TIME STUDENTS. FOUNDED IN 1858, THE UNIVERSITY GRANTS BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC, BACHELOR OF SCIENCE AND MASTER OF EDUCATION DEGREES. 143982039 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 1 0 0 0 1 151 0 1 1802 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO MD MA NH NY OH PA MI MN WA NJ X X MICHAEL A COYNE 5703724315 514 UNIVERSITY AVE SELINSGROVE PA 178701164 JONATHAN GREEN PRESIDENT & CEO 55.00 X 346262 0 70378 DAVE RAMSARAN PROVOST & DEAN OF FACULTY 55.00 X 226737 0 33223 MICHAEL COYNE EXECUTIVE VP 55.00 X 214529 0 32540 MELISSA KOMORA VP ADVANCEMENT 55.00 X 197130 0 27710 MATTHEW ROUSU DEAN SCHOOL OF BUSINESS 55.00 X 184119 0 30747 VALERIE MARTIN ASSOC PROV/DEAN OF ARTS & 55.00 X 181118 0 24007 SUSAN LANTZ VP STUDENT LIFE 55.00 X 158460 0 31027 PHILIP WINGER SR DIRECTOR TRAINING & DEV 55.00 X 161941 0 13792 L JAY LEMONS PRESIDENT EMERITUS & SR FELLOW 10.00 X 159908 0 0 LINDA MCMILLIN TRAINING DEV COORDINATOR/PROF LEADERSHI 55.00 X 140179 0 18170 ERIC HINTON TRUSTEE 40.00 X 64751 0 18212 MARIA L O MUNOZ TRUSTEE 40.00 X 48321 0 8380 ABIGAIL ANTOINE TRUSTEE 1.00 X 0 0 0 BARRY JACKSON TRUSTEE 1.00 X 0 0 0 BONNIE BUCKS REECE TRUSTEE 1.00 X 0 0 0 BRUCE FICKEN TRUSTEE 1.00 X 0 0 0 DAWN MUELLER TRUSTEE 1.00 X X 0 0 0 DON HAMLIN TRUSTEE 1.00 X 0 0 0 DOUGLAS KNISS TRUSTEE 1.00 X 0 0 0 EDWARD SCHMIDT TRUSTEE 1.00 X X 0 0 0 FRANK LEBER TRUSTEE 1.00 X 0 0 0 GEORGE LIBEROPOULOS TRUSTEE 1.00 X 0 0 0 GEROHN LANNS TRUSTEE 1.00 X 0 0 0 JACK OHLE TRUSTEE 1.00 X 0 0 0 JAMES DUNLOP TRUSTEE 1.00 X 0 0 0 JAMES STOWE TRUSTEE 1.00 X 0 0 0 JEFF COOPER TRUSTEE 1.00 X 0 0 0 JEFFREY ROUSH TRUSTEE 1.00 X X 0 0 0 JOANN SUZICH TRUSTEE 1.00 X 0 0 0 JR REYNOLDS TRUSTEE 1.00 X 0 0 0 KATHI FLACK TRUSTEE 1.00 X 0 0 0 LARRY CZEPONIS TRUSTEE 1.00 X 0 0 0 LESLIE PEMBERTON TRUSTEE 1.00 X 0 0 0 LINDA SHANK TRUSTEE 1.00 X 0 0 0 LISA RYAN BURKE TRUSTEE 1.00 X X 0 0 0 LOIS MARTIN TRUSTEE 1.00 X 0 0 0 MARGARET FRANTZ TRUSTEE 1.00 X 0 0 0 MARTIN PINTER TRUSTEE 1.00 X X 0 0 0 MARY CIANNI TRUSTEE 1.00 X 0 0 0 MEGHAN QUINN DORR TRUSTEE 1.00 X 0 0 0 PETER ARDUINI TRUSTEE 1.00 X 0 0 0 ROBERT DOLL TRUSTEE 1.00 X 0 0 0 RONALD REESE TRUSTEE 1.00 X 0 0 0 SANDRA ROCKS TRUSTEE 1.00 X X 0 0 0 SEWARD PROSSER MELLON TRUSTEE 1.00 X 0 0 0 SIGNE GATES TRUSTEE 1.00 X X 0 0 0 TIMOTHY ROBESON TRUSTEE 1.00 X 0 0 0 2083455 0 308186 48 1 1 0 SFGF II LLC 1144 KENNEBEC RD CHAMBERSBURG PA 17201 SOLAR ELECTRICITY 417010 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 SOFTWARE 310202 TERESA COWDREY 46 SADDLEBACK MOUNTAIN RD DEERFIELD NH 03037 ENROLLMENT CONSULTING 215700 EDUCATIONAL FURNITURE SOLUTIONS LLC 536 N TROOPER RD NORRISTOWN PA 19403 FURNITURE 179022 CONTAMINATIONS SOURCE IDENTIFICATION LLC 419 14TH ST HUNTINGDON PA 16652 COVID TESTING SERVICES 146861 6 10780051 7558326 966678 18338377 TUITION, ROOM & BOARD 900099 131032600 131032600 RELATED PROGRAMMING 812900 765558 765558 131798158 163431 163431 OTHER 812900 13410 13410 13410 150313376 131798158 13410 163431 165990 165990 76633143 76633143 928580 263314 665266 31013174 26953381 2450701 1609092 2211290 1860276 211098 139916 6561297 6076988 241598 242711 2188431 1800655 275587 112189 215396 215396 87945 87945 7525 7525 568416 568416 4963666 4187517 693548 82601 2814369 2236024 448997 129348 1610413 84060 1526353 2654817 2638388 12866 3563 891935 884854 8722 -1641 959777 850614 100891 8272 2040496 2040496 10038738 10038738 163878 163878 FOOD SERVICES 3466698 3466698 EQUIPMENT/R&M 859602 814755 42330 2517 LIBRARY MATERIALS 479827 479827 OFF CAMPUS STUDY 49292 49292 2937313 2153688 718018 65607 154512008 143982039 8128269 2401700 6968 6713 4150010 7215644 5560264 5566025 2720202 6858130 1418 -1679 275594 282641 1100417 1059525 291452345 172903847 124756722 118548498 165770696 139711768 30032894 90429352 1489129 1145072 3798391 4497342 339662705 375319031 4943216 6634947 995258 898306 51226964 48463744 10073732 12087513 67239170 68084510 X 129514316 135201932 142909219 172032589 272423535 307234521 339662705 375319031 X -4198632 29678261 568418 8762939 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1144717 X X X X 0 173413620 5141232 34298413 3201921 4105404 205545940 175667010 1888583 2818633 3028801 3931805 173413620 169795178 4494049 7809343 2699124 3732436 175667010 161178061 2420407 12361540 2695856 3468974 169795178 143234567 6785327 17189050 2488062 3542821 161178061 0.17000 0.83000 1 0 6020263 6020263 219714558 126420713 93293845 43768058 33173754 10594304 21949466 13309380 8640086 118548498 FUNDS HELD IN TRUST BY OTHERS 6735087 F HEDGE FUNDS 13105050 F POOLED VEHICLES 61728805 F MUTUAL FUNDS 6430891 F PRIVATE EQUITY 2429519 F 90429352 ANNUITIES PAYABLE 2100302 FUNDS HELD IN CUSTODY FOR OTHERS 1098432 OTHER 4189006 US GOVERNMENT ADVANCES REFUNDABLE 1156186 FIN47 339405 OPERATING LEASE LIABILITY 353542 HEERF III PAYABLE 2850640 12087513 X 188703228 29678261 8762939 38441200 150262028 51348 51348 150313376 153892242 0 153892242 568418 51348 619766 154512008 PART III, LINE 4: THE MAJORITY OF THE UNIVERSITY'S ART COLLECTION IS 1,600 FRENCH POSTERS. THE FRENCH POSTERS ARE RESEARCHED AND EXHIBITED BY FRENCH STUDENTS AND FACULTY MEMBERS. THEY ARE ARCHIVED IN A VAULT FOR PRESERVATION. PART V, LINE 4: SU'S ENDOWMENT SUPPORTS THE FOLLOWING AREAS: ACADEMIC & STUDENT SUPPORT (40%), SCHOLARSHIPS (44%), OTHER OPERATIONS & FACILITIES (16%). PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT INCOME 7,408,180. CHANGE IN SPLIT INTEREST AGREEMENTS 1,282,931. OTHER NONOPERATING ACTIVITIES 71,828. PART XI, LINE 4B - OTHER ADJUSTMENTS: PLEDGE WRITE OFFS 51,348. PART XII, LINE 4B - OTHER ADJUSTMENTS: PLEDGE WRITE OFFS 51,348. 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 DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND INCLUDES A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE UNIVERSITY ALSO PROVIDES A NON-DISCRIMINATION STATEMENT ON ITS PRIMARY PUBLICALLY ACCESSIBLE INTERNET HOMEPAGE. SCHEDULE E, PART I, LINE 6 SUSQUEHANNA UNIVERSITY RECEIVES THE FOLLOWING TYPES OF GOVERNMENTAL AID EITHER DIRECTLY OR INDIRECTLY: PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT(SEOG), TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT, WORK STUDY GRANT, TRIO STUDENT SUPPORT SERVICES (SSS) GRANT, CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT GRANT, CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSA) , THE AMERICAN RESCUE PLAN (ARP), PENNSYLVANIA AND VARIOUS OTHER STATE GRANTS DEPENDENT UPON OUR ENROLLED, ELIGIBLE STUDENT POPULATION. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 610 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 48404 CENTRAL AMERICA 0 0 INVESTMENTS 77239723 0 0 0 0 0 0 77288737 0 77288737 1 0 1 0 1 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OUTSIDE THE U.S. IS RELATED TO SERVICE-LEARNING COURSES AND A MISSION TRIP. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV: SUSQUEHANNA UNIVERSITY INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, SUSQUEHANNA UNIVERSITY INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT SUSQUEHANNA UNIVERSITY IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE FORM 990-T. 1 SELINSGROVE BOROUGH ONE N HIGH ST SELINSGROVE PA 17870 236002939 LOCAL GOV'T 106990 GENERAL SUPPORT DAUNTLESS HOSE COMPANY 713 BRIDGE ST SELINSGROVE PA 17870 230510390 501(C)(3) 8000 GENERAL SUPPORT SELINSGROVE AREA SCHOOL DISTRICT 401 18TH ST SELINSGROVE PA 17870 231727728 LOCAL GOV'T 46000 GENERAL SUPPORT SELINSGROVE AREA RECREATION PO BOX 172 SELINSGROVE PA 17870 231700543 501(C)(3) 5000 GENERAL SUPPORT 4 0 SCHOLARSHIPS AND FINANCIAL AID 2184 72686897 FMV CREDIT ON STUDENT ACCOUNTS CARES ACT 1880 1095606 FMV CREDIT ON STUDENT ACCOUNTS AMERICAN RESCUE PLAN- HEERF III 2247 2850640 FMV CREDIT ON STUDENT ACCOUNTS SCHEDULE I, PART I, LINE 1: STUDENTS MAY BE AWARDED GRANT FUNDS ON THE BASIS OF ACADEMIC ACHIEVEMENT AND/OR FINANCIAL NEED. IN EACH CASE THE STUDENT CAN RETAIN ELIGIBILITY FOR FUNDING FOR AS MANY AS EIGHT SEMESTERS AS A FULL-TIME STUDENT, PROVIDED THE STUDENT MEETS THE RENEWAL CRITERIA SUCH AS GRADE POINT AVERAGE AND GRADE PROCESSION AS OUTLINED IN THE UNIVERSITY CATALOGUE. INDIVIDUAL AWARD AMOUNTS ARE BASED UPON THE STUDENTS' COST TO ATTEND THE UNIVERSITY IN A GIVEN ACADEMIC YEAR. FACTORS INCLUDED IN THE CALCULATED COST INCLUDE TUITION, FEES, ROOM, BOARD, AND ESTIMATES FOR THE COST OF BOOKS AND PERSONAL EXPENSES DURING THE NINE MONTH ACADEMIC YEAR. AN INDIVIDUAL STUDENT MAY NOT RECEIVE MORE THAN THE COST OF TUITION FROM THE INSTITUTIONAL GRANT FUNDS. HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT AND THE AMERICAN RESCUE PLAN FOR DIRECT DISTRIBUTION TO STUDENTS. X X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JONATHAN GREEN PRESIDENT & CEO 285838 0 25500 0 34924 0 25650 0 44728 0 416640 0 0 0 DAVE RAMSARAN PROVOST & DEAN OF FACULTY 177021 0 38475 0 11241 0 18000 0 15223 0 259960 0 0 0 MICHAEL COYNE EXECUTIVE VP 182341 0 15000 0 17188 0 17286 0 15254 0 247069 0 0 0 MELISSA KOMORA VP ADVANCEMENT 175940 0 6404 0 14786 0 17550 0 10160 0 224840 0 0 0 MATTHEW ROUSU DEAN SCHOOL OF BUSINESS 136763 0 26119 0 21237 0 15558 0 15189 0 214866 0 0 0 VALERIE MARTIN ASSOC PROV/DEAN OF ARTS & 133322 0 5520 0 42276 0 14400 0 9607 0 205125 0 0 0 SUSAN LANTZ VP STUDENT LIFE 142894 0 6796 0 8770 0 14850 0 16177 0 189487 0 0 0 PHILIP WINGER SR DIRECTOR TRAINING & DEV 128673 0 4806 0 28462 0 13050 0 742 0 175733 0 0 0 L JAY LEMONS PRESIDENT EMERITUS & SR FELLOW 53500 0 22850 0 83558 0 0 0 0 0 159908 0 0 0 LINDA MCMILLIN TRAINING DEV COORDINATOR/PROF LEADERSHI 108511 0 2700 0 28968 0 12600 0 5570 0 158349 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL - UNDER SPECIAL AND VERY LIMITED CIRCUMSTANCES FIRST CLASS TRAVEL IS PERMITTED FOR KEY EMPLOYEES. NO FIRST CLASS TRAVEL OCCURRED IN THE REPORTING YEAR. TRAVEL FOR COMPANIONS - THE PRESIDENT'S SPOUSE ACCOMPANIED HIM ON ONE OCCASION ON BEHALF OF THE UNIVERSITY. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - THE UNIVERSITY GROSSES UP CERTAIN PAYMENTS TO KEY EMPLOYEES TO COVER TAXES. DISCRETIONARY SPENDING ACCOUNT - THE PRESIDENT HAS A RESTRICTED ACCOUNT USED FOR INSTITUTIONAL SPENDING ONLY. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO OCCUPY, WITH HIS FAMILY, A UNIVERSITY-OWNED AND MAINTAINED RESIDENCE. THE UNIVERSITY'S MAINTENANCE AND FACILITIES DEPARTMENTS PROVIDE THE NECESSARY LANDSCAPING, CLEANING, AND OTHER MAINTENANCE. PERSONAL SERVICES - A HOUSEKEEPER IS EMPLOYED BY THE UNIVERSITY TO MAINTAIN THE PRESIDENT'S RESIDENCE AND AN OCCASIONAL DRIVER IS HIRED FOR AIRPORT TRAVEL SO THE PRESIDENT CAN WORK IN TRANSIT. A SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453EN9 2015-08-11 29501612 REFUND SCHEA 2006 BONDS 0 0 0 B SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453FF5 2017-06-08 26668119 REFUND SCHEA 2008 BONDS 0 0 0 A 5525000 29501612 2016 1 1 1 1 B 3223559 26668119 2017 1 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SUBJECT TO FERPA LAWS FERPA LAWS 56000 MERIT BASED SCHOLARSHIPS SUBJECT TO FERPA LAWS FERPA LAWS 19400 NEED BASED SCHOLARSHIPS TIMOTHY ROBESON TRUSTEE 99255 INVESTMENTS TIMOTHY ROBESON, A TRUSTEE OF SUSQUEHANNA UNIVERSITY, IS EMPLOYED BY PGIM REALESTATE. THE UNIVERSITY MAINTAINS AN INVESTMENT MANAGEMENT RELATIONSHIP WITH PGIM PURSUANT TO WHICH PGIM WAS PAID INVESTMENT MANAGEMENT FEES. THE RELATIONSHIP BETWEEN PGIM AND SUSQUEHANNA ENDED IN MARCH 2021. MR. ROBESON RECEIVED NO PERSONAL BENEFIT AS A RESULT OF THE BUSINESS RELATIONSHIP BETWEEN THE UNIVERSITY AND PGIM. 0 LYNN BUCK SPOUSE OF KEY EMPLOYEE 10548 EMPLOYMENT (LYNN BUCK, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF JONATHAN GREEN, A KEY EMPLOYEE. HER WAGES FOR EMPLOYMENT TOTALED $10,548 FOR THE REPORTING PERIOD). 0 APRIL RIVERS SPOUSE OF KEY EMPLOYEE 17100 EMPLOYMENT (APRIL RIVERS, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF DAVE RAMSARAN, A KEY EMPLOYEE. HER WAGES FOR EMPLOYMENT TOTALED $17,100 FOR THE REPORTING PERIOD). 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE RELATIONSHIPS IDENTIFIED ABOVE WERE DISCLOSED TO THE BOARD AND IN THE FINANCIAL STATEMENTS. X 4 4630 MARKET VALUE X 36 961248 MARKET VALUE X GIFT CARDS 2 800 MARKET VALUE 0 1 1 PART I, LINE 32B: IT IS THE UNIVERSITY'S GENERAL PRACTICE TO LIQUIDATE GIFTS OF PUBLICLY HELD STOCK AS QUICKLY AS POSSIBLE, UNLESS HOLDING THE STOCK IS DETERMINED TO BE IN THE BEST INTEREST OF THE UNIVERSITY BY THE EXECUTIVE VICE PRESIDENT IN CONSULTATION WITH ONE OF THE UNIVERSITY'S INVESTMENT ADVISORS. THE STOCK IS LIQUIDATED BY THE BROKERAGE FIRM JANNEY MONTGOMERY SCOTT LLC ON 309 N. FIFTH ST., SUNBURY, PA 17870. FORM 990, PART VI, SECTION B, LINE 11B ALONG WITH A DETAILED REVIEW PERFORMED BY THE AUDIT COMMITTEE A LINK TO A PASSWORD-PROTECTED WEBSITE WAS EMAILED TO THE GOVERNING BODY WHERE THE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE WAS SENT TO THE GOVERNING BODY AND THE REPLIES WERE REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. THE REVIEW OF THE QUESTIONNAIRES FORMS THE BASIS FOR DISCLOSURE ON THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE ORGANIZATION'S EXECUTIVE COMMITTEE) OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION AND WHO RECEIVE REMUNERATION FROM THE ORGANIZATION, INCLUDING, AMONG OTHERS, THE PRESIDENT, PROVOST AND DEAN OF THE FACULTY, AND EXECUTIVE VICE PRESIDENT. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE UNIVERSITY DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THESE DOCUMENTS ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: ENDOWMENT INCOME 7,408,180. CHANGE IN SPLIT INTEREST 1,282,931. OTHER NONOPERATING ACTIVITIES 71,828. SUSQUEHANNA UNIVERSITY & ORTENZIO CHARITABLE TRUST 4718 GETTYSBURG ROAD STE 405 MECHANICSBURG PA 17055 806155309 SUPPORTS SUSQUEHANNA UNIVERSITY PA 501(C)(3) LINE 12A, I SUSQUEHANNA UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSQUEHANNA UNIVERSITY & ORTENZIO CHARITABLE TRUST C 25000 CASH