2022-05-10T08:04:07-05:00 2021-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2020-07-01 160743088 NAZARETH COLLEGE OF ROCHESTER NAZA 5853892525 4245 EAST AVENUE ROCHESTER NY 14618 PATRICK E RICHEY SENIOR VP FOR FINANCE & ADMINI 5853892525 2022-05-05 1 PATRICK RICHEY XXX-XX-XXXX RICHARD LEICHT P01378913 5853811000 2022-05-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR ELIZABETH PAUL 4245 EAST AVENUE ROCHESTER NY 14618 131228541 0 X WWW.NAZ.EDU X 1924 NY NAZARETH COLLEGE FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 32 30 2193 50 3750 15578 7421680 7693544 109296429 109083053 2084693 5315042 956639 543520 119759441 122635159 35180191 36441013 0 0 48919052 45980725 125399 22047 1041247 36091927 34096540 120316569 116540325 -557128 6094834 275136179 299176817 72797453 68721462 202338726 230455355 X NAZARETH COLLEGE FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME. 0 0 32446796 92865881 HIGHER EDUCATION INSTRUCTION-REFLECTS EXPENSES DIRECTLY RELATING TO THE DELIVERY OF QUALITY INSTRUCTIONAL PROGRAMS AT THE UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION LEVELS. PROGRAMS OF STUDY ARE DELIVERED THROUGH THE COLLEGE OF ARTS AND SCIENCES, AND SCHOOLS OF EDUCATION, BUSINESS AND LEADERSHIP, AND HEALTH AND HUMAN SERVICES. (2,523 TOTAL STUDENT FTES) 36441013 36441013 SCHOLARSHIP PROGRAMS: SCHOLARSHIPS AND GRANTS-REFLECTS THE COMPETITIVE SCHOLARSHIPS, NEED BASED AID, AND HIGHER EDUCATION OPPORTUNITY GRANTS AWARDED TO STUDENTS IN ORDER TO MAKE THE TOTAL COST OF ATTENDANCE MORE AFFORDABLE. (2,523 TOTAL STUDENT FTES) 13384701 16217172 AUXILIARY ENTERPRISES-PERTAINS TO THE OPERATIONS OF THE INSTITUTION THAT EXIST TO FURNISH A SERVICE TO STUDENTS, FACULTY, OR STAFF, AND THAT CHARGE A FEE THAT IS DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE SERVICE. AUXILIARY ENTERPRISES ARE MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND STUDENT HEALTH SERVICES. (2,523 TOTAL STUDENT FTES) 21892128 417664 ALL OTHER PROGRAM EXPENSES, INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND ARTS CENTER. STUDENT SERVICES PERTAINS TO OFFICES SERVING STUDENTS INCLUDING REGISTAR, STUDENT DEVELOPMENT, CENTER FOR CIVIC ENGAGEMENT, CENTER FOR LIFE'S WORK, ENROLLMENT MANAGEMENT AND CENTER FOR STUDENT SUCCESS. ATHLETIC EXPENSES ARE ALSO REFLECTED IN THIS CATEGORY. ACADEMIC SUPPORT PERTAINS TO LIBRARY SERVICES, ACADEMIC ADVISEMENT, THE CENTER FOR INTERNATIONAL EDUCATION AND THE OFFICES OF THE DEANS, AMONG OTHERS. THE ARTS CENTER IS A PREMIER PRESENTER OF WORLD-CLASS DANCE, MUSIC, CHILDREN'S AND FAMILY THEATRE, AND INTERNATIONAL ENTERTAINMENT. (2,523 TOTAL STUDENT FTES) 21892128 417664 104164638 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3526 0 2193 1 1 1 1 FR IT 0 0 0 1 1 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CO LA OK WV FL NC X PATRICK E RICHEY 5853892525 4245 EAST AVE ROCHESTER NY 14618 JOHN DRAIN VICE CHAIR 2.00 X X 0 0 0 TIMOTHY FOURNIER CHAIR 2.00 X X 0 0 0 JACK ALLOCCO TRUSTEE 2.00 X 0 0 0 YOLANDA RAMOS BENITEZ TRUSTEE 2.00 X 0 0 0 STEPHEN BROWN TRUSTEE 2.00 X 0 0 0 BRIAN COOPER TRUSTEE 2.00 X 0 0 0 WILLIAM LAMMELA FACULTY REPRESENTATIVE - TRUSTEE 35.00 X 109794 0 19975 SERGIO ESTEBAN TRUSTEE 2.00 X 0 0 0 EMIL DUDA TRUSTEE 2.00 X 0 0 0 JUSTIN STEVENS TRUSTEE 2.00 X 0 0 0 ANDREW GALLINA TRUSTEE 2.00 X 0 0 0 BRIAN HICKEY TRUSTEE 2.00 X 0 0 0 RICHARD KAPLAN TRUSTEE 2.00 X 0 0 0 GEORGIA LAMB TRUSTEE 2.00 X 0 0 0 ELIZABETH MCANARNEY TRUSTEE 2.00 X 0 0 0 MITCHELL NUSBAUM TRUSTEE 2.00 X 0 0 0 SANDY PARKER TRUSTEE UNTIL 6/6/2021 2.00 X 0 0 0 RICHARD PIERPONT TRUSTEE 2.00 X 0 0 0 CORAL SURGEON TRUSTEE 2.00 X 0 0 0 SUSAN DANAHY TRUSTEE 2.00 X 0 0 0 FRANK YORK TRUSTEE 2.00 X 0 0 0 DUFFY PALMER TRUSTEE 2.00 X 0 0 0 EDWARD LEVA TRUSTEE 2.00 X 0 0 0 MARISA GEITNER TRUSTEE 2.00 X 0 0 0 JAMES OCKENDEN TRUSTEE 2.00 X 0 0 0 SCOTT CHAPMAN TRUSTEE 2.00 X 0 0 0 EILEEN DALY SSJ TRUSTEE 2.00 X 0 0 0 ROGER FRIEDLANDER TRUSTEE 2.00 X 0 0 0 KENNETH GLAZER TRUSTEE 2.00 X 0 0 0 AARON NEWMAN TRUSTEE UNTIL 4/30/21 2.00 X 0 0 0 GRANT RANDALL TRUSTEE 2.00 X 0 0 0 BETSY RIEDMAN TRUSTEE 2.00 X 0 0 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 50.00 X X 223813 0 14143 MICHAEL HESS TRUSTEE 2.00 X 0 0 0 LARRY PECKHAM TRUSTEE UNTIL 8/31/20 2.00 X 0 0 0 KELLY GAGAN VICE PRESIDENT FOR INSTITU 50.00 X 151498 0 14364 DIANE ARIZA VP FOR COMMUNITY & BELONGING UNTIL 6/30/20 50.00 X 104506 0 11091 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMI 50.00 X 208452 0 13950 PATRICK RICHEY VICE PRESIDENT FOR FINANCE 50.00 X 221910 0 19461 MEAGHAN ARENA VICE PRESIDENT OF ENROLLME 50.00 X 188936 0 23893 LISA DURANT-JONES VP FOR COMMUNITY & BELONGING 50.00 X 140485 0 12294 ELIZABETH CRONIN VP FOR MARKETING AND COMMUNICATIONS STARTING 8/20 50.00 X 117014 0 15137 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & 50.00 X 154357 0 20997 KAREN KUPPINGER CHIEF INFORMATION OFFICER 50.00 X 144243 0 12849 BRIGID NOONAN DEAN IN HEALTH & HUMAN SERVICES 50.00 X 144907 0 16231 EILEEN BEITER DIRECTOR OF ACCOUNTING UNDERGRADUATE PROGRAM 50.00 X 133554 0 8270 KENNETH RHEE DEAN, SCHOOL OF BUSINESS A 50.00 X 148560 0 15195 DAAN BRAVEMAN PRESIDENT AND TRUSTEE UNTIL 6/30/20 0.00 X 367298 0 26535 2559327 0 244385 38 1 1 0 HARTER SECREST & EMERY LLP 1600 BAUSCH LOMB PLACE ROCHESTER NY 14604 LEGAL FEES 589324 ELLUCIAN 62578 COLLECTION CENTER DRIVE CHICAGO IL 606930625 SOFTWARE 327615 JT GENIER SECURITY SERVICES PO BOX 17350 ROCHESTER NY 14617 CONTRACTED SECURITY SERVICES 225530 3 5051572 2641972 421335 7693544 TUITION AND FEES 611310 92865881 92865881 ROOM AND BOARD 611310 15197828 15197828 OTHER AUXILIARY INCOME 611310 1019344 1015594 3750 109083053 1443450 1443450 39 39 92805 0 92805 92805 92805 12464935 8582245 11137 3882690 -11137 3871553 3871553 INDIRECT COST RATE REIMBURSEMENT 900099 29301 29301 421414 421414 450715 122635159 109500717 3750 5437148 36195823 36195823 245190 245190 1669441 906696 531961 230784 35354415 30456286 4407494 490635 1645373 1425794 200284 19295 4672069 3983144 616322 72603 2639427 2244647 350939 43841 519202 519202 84555 84555 22047 22047 781546 781546 935008 493993 336287 104728 1333547 946427 387120 1636197 1041036 554094 41067 1558739 1516060 36654 6025 1564 1564 6777721 6243198 534523 157058 157033 25 77302 49777 26656 869 2052167 1896141 156026 9100026 8508524 591502 786715 747379 39336 FOOD SERVICE 4105521 4090067 11589 3865 OTHER 3393855 2269103 1122244 2508 ACADEMIC COURSE WAIVERS 795817 746756 46106 2955 116540325 104164638 11334440 1041247 924279 826245 23765016 24834004 3363186 2510666 776217 2672955 1122138 837859 1714564 2187872 300755774 144591046 163339700 156164728 47433373 67687206 30799211 39734881 1898495 1720401 275136179 299176817 7797989 7079195 1091973 779731 48758307 46470519 15149184 14392017 72797453 68721462 X 165806774 184822721 36531952 45632634 202338726 230455355 275136179 299176817 X 6094834 21324600 697195 X X 0 1 X 1 1 1 X 7906351 9215785 7188336 7396310 7693544 39400326 7906351 9215785 7188336 7396310 7693544 39400326 6938380 32461946 1211900 1825527 2124127 1781255 1443489 8386298 45677 5197 17826 15578 84278 825004 809059 781989 832136 421414 3669602 51540504 322851283 0.62980 0.60320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 6387 0 0 6387 0 SCHEDULE C, PART II-B, LINE 1 THE PRESIDENT AVERAGED 31 HOURS IN FISCAL YEAR 2021 ENGAGED IN LOBBYING ACTIVITIES FOR THE COLLEGE. THESE ACTIVITIES INCLUDED PHONE CONVERSATIONS AND MEETINGS WITH LEGISLATORS AND OTHER GOVERNMENT OFFICIALS, SEEKING FEDERAL AND STATE AID FOR NAZARETH COLLEGE INITIATIVES. 68365634 362999 21939719 1161463 3489406 86017483 71326126 1724638 -925108 1098175 2661848 68365634 69127326 2449623 2950420 887772 2313471 71326126 65719955 1861568 4816567 942752 2328012 69127326 59596542 1258022 8062599 839103 2358105 65719955 0.61900 0.38100 0.00000 0 0 8232974 8232974 147338319 47100438 100237881 759816 211951 547865 52243649 40324580 11919069 92181016 56954077 35226939 156164728 39734881 F 39734881 ACCRUED POSTRETIREMENT BENEFIT COSTS 10589530 ASSET RETIREMENT OBLIGATION 2921572 GOVERNMENT LOAN PROGRAM REFUNDABLE ADVANCES 880915 14392017 106748337 21324600 -36441013 -15116413 121864750 781546 -11137 770409 122635159 79328903 11137 11137 79317766 781546 36441013 37222559 116540325 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -36,441,013. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -11,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 11,137. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 36,441,013. 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 COLLEGE USES ITS WEBSITE AS A MEANS OF PUBLICIZING ITS NON-DISCRIMINATORY POLICY. THE COLLEGE BELIEVES THAT NOTICES SUCH AS THIS, PREVIOUSLY PUBLISHED IN THE NEWSPAPER, ARE MORE EFFECTIVELY COMMUNICATED THROUGH THE USE OF ITS WEBSITE, HIGHLY VISIBLE AND FREQUENTED BY STUDENTS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDING FROM THE US DEPARTMENT OF EDUCATION FOR THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PELL GRANT PROGRAM, AND TEACH GRANTS. NEW YORK STATE FUNDS VARIOUS PROGRAMS SUCH AS: HIGHER EDUCATIONAL OPPORTUNITY PROGRAM, TEACHERS OPPORTUNITY CORP., EISENHOWER GRANT, NYS TAP, NYS EXCELLENCE, AND NYS LOTTERY AND STATE APPROPRIATIONS IN THE FORM OF BUNDY AID AND HIGH NEEDS NURSING AID. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING AWARDED FINANCIAL AID 161440 NORTH AMERICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 77750 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING AWARDED FINANCIAL AID 6000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 4740 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE FOREIGN INVESTMENTS PASSIVE FOREIGN INVESTMENTS 808189 NORTH AMERICA 0 0 PROGRAM SERVICES GRADUATE TUITION ASSISTANCE 2956 0 0 0 0 0 0 1061075 0 1061075 FINANCIAL AID EAST ASIA AND THE PACIFIC 13 161440 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID NORTH AMERICA 4 77750 CREDIT ON THE STUDENT FAIR MARKET VALUE FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 1 6000 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE EAST ASIA AND THE PACIFIC 1 4740 CREDIT ON THE STUDENT FAIR MARKET VALUE GRADUATE TUITION ASSISTANCE NORTH AMERICA 1 2956 CREDIT ON THE STUDENT FAIR MARKET VALUE 0 0 0 1 1 0 PART I, LINE 2: INTERNATIONAL STUDENTS RECEIVING SCHOLARSHIPS ARE CODED SEPARATELY IN THE COLLEGE'S ERP SYSTEM. A REPORT IS GENERATED FROM THE COLLEGE'S ERP SYSTEM DETAILING EACH STUDENT AND THEIR SPECIFIC AWARDS. THIS REPORT IS REVIEWED PERIODICALLY TO MONITOR FUNDS. PART III ACCOUNTING METHOD: X X X X X X X 1 EAB 2445 M ST NW WASHINGTON DC 20037 MANAGED DIRECT MAIL SOLICITATIONS 0 226365 82206 144159 226365 82206 144159 NY OR NH SC 1 COMPETITIVE SCHOLARSHIPS 1989 25942201 GRANTS IN AID 1708 8790350 HIGHER EDUCATION OPPORTUNITY PROGRAM (HEOP) 93 1455576 PART I, LINE 2: ALL COLLEGE SCHOLARSHIPS AND GRANTS ARE AWARDED THROUGH THE FINANCIAL AID PROCESS AND ARE RECORDED AS CREDITS ON THE STUDENTS' ACCOUNTS. THESE AWARDS HELP TO OFFSET THE COST OF TUITION, FEES AND ROOM AND BOARD. THE SCHOLARSHIPS AND GRANTS ARE TRACKED IN THE COLLEGE'S ERP SYSTEM AND MONITORED FOR COMPLIANCE WITHIN THE FINANCIAL AID OFFICE TO COMPLY WITH INTERNAL AND EXTERNAL REGULATIONS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DAAN BRAVEMAN PRESIDENT AND TRUSTEE UNTIL 6/30/20 240212 0 0 0 127086 0 20569 0 5966 0 393833 0 28984 0 PATRICK RICHEY VICE PRESIDENT FOR FINANCE 220950 0 0 0 960 0 18780 0 681 0 241371 0 0 0 ELIZABETH PAUL PRESIDENT AND TRUSTEE 166558 0 0 0 57255 0 8290 0 5853 0 237956 0 0 0 ANDREA TALENTINO VICE PRESIDENT FOR ACADEMI 208204 0 0 0 248 0 13517 0 433 0 222402 0 0 0 MEAGHAN ARENA VICE PRESIDENT OF ENROLLME 187976 0 0 0 960 0 12268 0 11625 0 212829 0 0 0 DIANNE OLIVER DEAN IN COLLEGE OF ARTS & 153637 0 0 0 720 0 10052 0 10945 0 175354 0 0 0 KELLY GAGAN VICE PRESIDENT FOR INSTITU 150778 0 0 0 720 0 13683 0 681 0 165862 0 0 0 KENNETH RHEE DEAN, SCHOOL OF BUSINESS A 148560 0 0 0 0 0 9685 0 5510 0 163755 0 0 0 BRIGID NOONAN DEAN IN HEALTH & HUMAN SERVICES 143947 0 0 0 960 0 10721 0 5510 0 161138 0 0 0 KAREN KUPPINGER CHIEF INFORMATION OFFICER 143283 0 0 0 960 0 12168 0 681 0 157092 0 0 0 LISA DURANT-JONES VP FOR COMMUNITY & BELONGING 140485 0 0 0 0 0 11621 0 673 0 152779 0 0 0 PART I, LINE 1A SOCIAL CLUB MEMBERSHIPS PROVIDED FOR BUSINESS USE. A MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TBE7 2011-08-04 23765000 NEW CONSTRUCTION OF A BUILDING AND REFUNDING OF 2004B BONDS 1 0 0 B COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY 161005429 610752EK9 2008-01-30 9030000 TO FINANCE CONSTRUCTION OF A BUILDING AND SITE IMPROVEMENTS 0 0 0 C MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TFT0 2013-06-13 13905000 REFUNDING OF SERIES 2001 1 0 0 D MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION 510188852 61075TTW8 2017-12-20 31645000 NEW CONSTRUCTION OF BUILDINGS AND REFUNDING OF 2011 BONDS 0 0 0 A 5805000 15355000 23542430 931722 647870 15000000 2012 0 0 1 1 B 2015000 9030000 335820 8567632 126548 2009 0 0 1 1 C 4060000 14625806 448626 518 2013 1 0 1 1 D 32800499 754213 16613043 829051 14603746 2019 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 JP MORGAN CHASE BANK 30.000000000000 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART II, LINE 3, COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - BOND ISSUE A, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE DISCOUNT ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL A 08/04/2011 $23,765,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL B 01/30/2008 $9,030,000 COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART III, LINE 9, COL C 6/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL C 06/13/2013 $13,905,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. SCHEDULE K, PART III, LINE 9, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION - CURRENTLY THE COLLEGE DOES NOT HAVE A WRITTEN POLICY IN PLACE; HOWEVER, THERE ARE PROCEDURES BEING FOLLOWED TO ENSURE COMPLIANCE. SCHEDULE K, PART II, LINE 3, COL D 12/20/2017 $31,645,000 MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION BOND ISSUE, AS REFERENCED IN SCHEDULE K PART I, DISCLOSES AN ISSUE (PART I, E) THAT DIFFERS FROM THE PROCEEDS OF ISSUE (PART II, LINE 3) EQUAL TO THAT OF THE PREMIUM ASSOCIATED WITH THE ISSUE. X 21 421335 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE COMPOSITION CONSISTS OF THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE COLLEGE, AND NO FEWER THAN TWO AND NO MORE THAN FOUR TRUSTEES ELECTED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL SERVE FOR A TERM OF ONE YEAR AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. ALL COMMITTEE MEMBERS ARE ON THE GOVERNING BOARD. SCOPE OF AUTHORITY - THE COMMITTEE SHALL HAVE THE POWER TO ACT WHEN THE BOARD IS NOT IN SESSION, AND MAY EXERCISE ALL THE POWERS OF THE BOARD IN ALL MATTERS WHICH IN THE JUDGMENT OF THE EXECUTIVE COMMITTEE SHOULD NOT BE DELAYED UNTIL THE NEXT MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL MAKE A FORMAL REPORT OF ITS ACTIONS, IF ANY, TO THE BOARD AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, A SUB-COMMITTEE OF THE GOVERNING BODY, REVIEWED THE 2020 FORM 990 IN DETAIL PRIOR TO ITS FILING. AFTER APPROVAL OF THE AUDIT COMMITTEE, BUT PRIOR TO FILING, ACCESS TO THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA SECURE PORTAL. AT THE SAME TIME, EACH TRUSTEE IS NOTIFIED THAT THE RETURN HAS BEEN MADE AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 14 WHILE VARIOUS DEPARTMENTS WITHIN THE COLLEGE HAVE SPECIFIC GUIDELINES THAT THEY FOLLOW RELATED TO DOCUMENT RETENTION AND DESTRUCTION, THERE IS NO INSTITUTION WIDE WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO THE TRUSTEES, OFFICERS, THE ASSISTANT SECRETARY TO THE BOARD AND THE SECRETARY TO THE COLLEGE. THE INFORMATION RECEIVED IS COMPILED, ANALYZED, MAINTAINED AND MONITORED BY THE COLLEGE'S GENERAL COUNSEL. ALL RESULTS ARE FORWARDED TO THE CHAIR OF THE BOARD OF TRUSTEES, THE CHAIR OF THE AUDIT COMMITTEE, THE CHAIR OF THE TRUSTEESHIP COMMITTEE, COLLEGE'S PRESIDENT, AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. ON A QUARTERLY BASIS THE CONTROLLER'S OFFICE REVIEWS ALL VENDOR PAYMENTS FOR CONFLICTS AND DISCLOSES ALL ACTIVITY TO THE AUDIT COMMITTEE AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION SUB-COMMITTEE, A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, MEETS ANNUALLY TO REVIEW THE PRESIDENT'S PERFORMANCE AS COMPARED TO THE GOALS SET FORTH FROM THE PREVIOUS FISCAL YEAR. IN ADDITION, THE SUB-COMMITTEE'S RECOMMENDATIONS ALONG WITH DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT ARE SUBMITTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND ENDORSEMENT. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE RECOMMENDATIONS ARE CONSIDERED AND VOTED ON BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. COMPENSATION LEVELS FOR THE VICE PRESIDENTS OF THE COLLEGE ARE DETERMINED ANNUALLY BY THE PRESIDENT, WITH REVIEW AND ENDORSEMENT FROM THE EXECUTIVE COMMITTEE OF THE BOARD. INPUTS INCLUDE PERFORMANCE TO ANNUAL GOALS, AN OVERALL ASSESSMENT OF SIGNIFICANT CONTRIBUTIONS TO AND LEADERSHIP OF THE COLLEGE, AS WELL AS COMPETITIVENESS OF PAY RELATIVE TO COMPARABLE INSTITUTIONS. ON A PERIODIC BASIS, AN INDEPENDENT CONSULTANT IS ENGAGED TO REVIEW FOR EACH VICE PRESIDENT, TO PROVIDE COMPETITIVE MARKET INFORMATION, AND TO RECOMMEND ADJUSTMENTS FOR CONSIDERATION BY THE PRESIDENT AND EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 552,694. POST RETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COST 144,501. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO OVERSIGHT PROCESS OR SELECTION PROCESS RELATED TO INDEPENDENT AUDITORS DURING THE CURRENT YEAR.