2022-05-12T07:26:58-05:00 2021-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2020-07-01 221494434 FAIRLEIGH DICKINSON UNIVERSITY FAIR 2016922381 1000 RIVER ROAD MAIL CODE H-DH1-01 TEANECK NJ 076661914 HANIA FERRARA SR VP FIN & ADMIN 2016922381 2022-05-11 1 HANIA FERRARA 999009999 EVAN SEEKAMP P01907071 2127589700 2022-05-05 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTOPHER A CAPUANO 1000 RIVER ROAD TEANECK NJ 076661914 376404147 0 X WWW.FDU.EDU/ X 1942 NJ DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION. 26 25 3389 135 80 0 21454475 22398252 305503009 279525288 2314820 6838278 551654 189543 329823958 308951361 119694685 122559149 0 0 130768658 118980248 121346 63652 1905077 77214332 68428036 327799021 310031085 2024937 -1079724 428238780 464494283 139472530 149790121 288766250 314704162 X FAIRLEIGH DICKINSON UNIVERSITY IS A CENTER OF ACADEMIC EXCELLENCE DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION. FOR MORE INFORMATION SEE SCHEDULE O. 0 0 271185255 122194536 268822351 HIGHER EDUCATION INSTRUCTION - FAIRLEIGH DICKINSON UNIVERSITY, NEW JERSEY'S LARGEST PRIVATE UNIVERSITY, IS A NONSECTARIAN, COEDUCATIONAL INSTITUTION OFFERING PROGRAMS ON THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEVELS. THE UNIVERSITY EDUCATES APPROXIMATELY 12,000 STUDENTS PER YEAR, INCLUDING A STRONG INTERNATIONAL STUDENT POPULATION. FOR MORE INFORMATION, SEE SCHEDULE O. 15534837 364613 10441224 HIGHER EDUCATION AUXILIARY - TO PROVIDE FOOD SERVICE AND RESIDENT HALLS FOR UNIVERSITY STUDENTS. APPROXIMATELY 650 STUDENTS UTILIZED UNIVERSITY RESIDENCE HALLS. THE DECREASE IN FY21 WAS DUE TO THE PARTIAL CLOSURE OF CAMPUS AS A RESULT OF THE COVID-19 PANDEMIC. 202263 261633 HIGHER EDUCATION RESEARCH - INVESTIGATION AND EXPERIMENTAL ACTIVITIES FOR THE PURPOSE OF DISCOVERY AND REVISION OF ACCEPTED CONCLUSIONS UNDERTAKEN FOR THE BENEFIT OF THE COMMUNITY AT LARGE. FOR MORE INFORMATION SEE SCHEDULE O. 286922355 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 1 1 0 0 0 1 11778 0 1 3389 1 0 1 CA IS UK 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X HANIA FERRARA-SR VP FIN & ADMIN 2016922381 1000 RIVER ROAD MAIL CODE H-DH1-01 TEANECK NJ 07666 CHRISTOPHER A CAPUANO PRESIDENT & TRUSTEE 75.00 0.00 X X 595021 0 183537 ANTHONY P AMBROSIO TRUSTEE 3.00 0.00 X 0 0 0 CHERYL K BEEBE TRUSTEE 5.00 0.00 X 0 0 0 BRENDA BLACKMON TRUSTEE 3.00 0.00 X 0 0 0 LINDA M BOWDEN TRUSTEE 3.00 0.00 X 0 0 0 EVELYN DOUGLAS TRUSTEE (END 10/20) 3.00 0.00 X 0 0 0 ANGELIKI FRANGOU TRUSTEE 3.00 0.00 X 0 0 0 DEBRA V JONES TRUSTEE 3.00 0.00 X 0 0 0 DAVID E KNEE TRUSTEE 3.00 0.00 X 0 0 0 STUART KRENTZMAN TRUSTEE 3.00 0.00 X 0 0 0 DANIEL C LEWIS TRUSTEE (END 07/20) 3.00 0.00 X 0 0 0 WINSTON I LOWE ESQ TRUSTEE 5.00 0.00 X 0 0 0 DONNA DELPRETE MARKI TRUSTEE 3.00 0.00 X 0 0 0 MICHELINE NADER TRUSTEE (START 03/21) 3.00 0.00 X 0 0 0 GREGORY H OLSEN TRUSTEE 3.00 0.00 X 0 0 0 JAMES OREFICE TRUSTEE (START 07/20) 3.00 0.00 X 0 0 0 LESTER OWENS TRUSTEE (START 03/21) 3.00 0.00 X 0 0 0 ROBERT J PURES TRUSTEE 3.00 0.00 X 0 0 0 HOWARD W ROBIN TRUSTEE 3.00 0.00 X 0 0 0 ROBERT T SALTARELLI TRUSTEE 3.00 0.00 X 0 0 0 PAUL C SANTUCCI TRUSTEE 3.00 0.00 X 0 0 0 PAUL B SCHMIDT TRUSTEE 3.00 0.00 X 0 0 0 ROBERT A STEWART TRUSTEE 3.00 0.00 X 0 0 0 ARTHUR SUKEL TRUSTEE 3.00 0.00 X 0 0 0 MARTA L TELLADO TRUSTEE 3.00 0.00 X 0 0 0 STEPHEN S WEINSTEIN TRUSTEE 3.00 0.00 X 0 0 0 ROBERT J ZATTA TRUSTEE - VICE CHAIR 5.00 0.00 X 0 0 0 PATRICK J ZENNER TRUSTEE - CHAIR 10.00 0.00 X 0 0 0 HANIA FERRARA SVP FINANCE & ADMINISTRATION 66.00 0.00 X 298532 0 108572 RICHARD C FRICK VP FACILITIES & AUXILIARY SVCS 65.00 0.00 X 207473 0 48372 RICHARD P REISS SVP UNIVERSITY ADVANCEMENT 50.00 0.00 X 278757 0 57906 LUKE D SCHULTHEIS VP ENROLLMENT, PLANNING 60.00 0.00 X 274267 0 72899 EDWARD SILVER GENERAL COUNSEL & SECRETARY 60.00 0.00 X 268037 0 25760 GILLIAN M SMALL UNIVERSITY PROVOST & SVP 65.00 0.00 X 317554 0 19726 NEIL M STURM VP & CHIEF INFORMATION OFFICER 60.00 0.00 X 214053 0 18799 MARTHA C YOUNG ASST SECRETARY OF THE CORP 40.00 0.00 X 59528 0 38646 JAMES G ALMEIDA INTERIM DEAN SILBERMAN COLL 60.00 0.00 X 184327 0 51466 MICHAEL J AVALTRONI DEAN, SCHOOL OF PHARMACY 55.00 0.00 X 243086 0 58064 LISA R BRAVERMAN DEAN, PETROCELLI COLLEGE 50.00 0.00 X 212692 0 37707 VICKI L COHEN INTERIM DEAN, UNIV COLLEGE 60.00 0.00 X 165776 0 45764 BRIAN MAURO CAMPUS EXECUTIVE FLORHAM 60.00 0.00 X 175539 0 49128 STEVEN NELSON CAMPUS EXECUTIVE METROPOLITAN 55.00 0.00 X 194755 0 52684 GEOFFREY S WEINMAN DEAN, BECTON COLLEGE 65.00 0.00 X 220484 0 49915 FRANK BARRA ASSOC VP, FINANCE 50.00 0.00 X 174722 0 53284 ROSE D'AMBROSIO VP FOR HUMAN RESOURCES 55.00 0.00 X 192297 0 53999 GREG HERENDA HEAD COACH, MEN'S BASKETBALL 50.00 0.00 X 295620 0 77148 BRAD HURLBUT DIRECTOR OF ATHLETICS, METRO 70.00 0.00 X 195081 0 19671 SAUL KLEINMAN ASSOCIATE VP, MIS 57.00 0.00 X 185611 0 32054 PETER J WOOLLEY FMR PROVOST FLORHAM CAMPUS 0.00 0.00 X 173417 0 55032 5126629 0 1210133 204 1 1 0 LANDTEK GROUP INC 235 COUNTY LINE ROAD AMITYVILLE NY 11701 ATHLTIC FAC CONSTRUC 5625161 COLLINS BUILDING SERVICES 24-01 44TH ROAD LONG ISLAND CITY NY 11101 BUILDING CLEANING 3420515 ISS FACILITY SERVICES 520 KING STREET WEST TORONTO NR FACILITY MAINTENANCE 2149550 ADVANCE AT PARK PLACE 225 PARK AVE FLORHAM PARK NJ 07932 REAL ESTATE MGMT. 2141235 HOLLISTER CONSTRUCTION SERVICES 777 TERRACE AVE HASBROUCK HEIGHTS NJ 07604 CONSTRUCTION SVCS. 1850459 96 37000 808228 16721760 4831264 269334 22398252 TUITION 611710 254743839 254743839 STUDENT FEES 900099 11845346 11845346 STUDENT RESIDENCE 611710 7178187 7178187 STUDENT FOOD SERVICE 611710 3263037 3263037 ALL OTHER PROGRAM SERV 900099 2494879 2494799 80 279525288 3484488 3484488 11224 11224 265217 0 265217 265217 265217 70646036 46000 67317748 20498 3328288 25502 3353790 3353790 27642 808228 114540 -86898 -86898 308951361 279525208 80 7027821 120412657 120412657 2146492 2146492 4905649 2116193 2439504 349952 313296 313296 87538700 78620345 8009289 909066 2905502 2538827 327160 39515 15345981 12748274 2317764 279943 7971120 6965165 897548 108407 580064 9992 570072 251022 251022 17506 17506 63652 63652 182316 182316 9645980 8753592 786422 105966 1144089 1094676 49413 3155441 2772043 347822 35576 6721279 5544052 1176868 359 23898 16913 6985 21025462 20054927 970535 340436 325323 15083 30 1034523 943879 86718 3926 1876375 1841355 35020 14471405 13709041 762230 134 4441853 3005922 1435931 BAD DEBT EXPENSE 846423 846423 CO-HORT COMMISSION EXP. 766360 766360 PROFESSIONAL DUES & FEE 579135 294064 284921 150 EARLY RTRMT OF DEBT 442452 442452 882017 622586 251030 8401 310031085 286922355 21203653 1905077 123582616 147755436 3623940 2559617 12633466 11373859 1873229 1806619 387174847 198375854 189688423 188798993 65231360 98981935 31605746 13217824 428238780 464494283 21989080 26127102 5990814 7033903 55270297 64809625 56222339 51819491 139472530 149790121 X 218919600 230652631 69846650 84051531 288766250 314704162 428238780 464494283 X -1079724 21595105 5422531 X 0 1 X 1 1 1 X 9928589 14490542 15209150 21454475 22398252 83481008 9928589 14490542 15209150 21454475 22398252 83481008 5324030 78156978 2526437 4574857 5516451 4563242 3760929 20941916 112018 130022 164662 55160 27642 489504 104912428 1532639801 0.74500 0.71770 X SCHEDULE A, PART II, LINE 10 OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17506 17506 286887343 286904849 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 56639 13332 13233 17506 100710 250000 250000 250000 250000 1000000 1500000 88303660 626550 27807165 2395047 2017586 112324742 91624958 1009521 -42423 2322554 1965842 88303660 87712756 4768841 3179702 2140356 1895985 91624958 83299964 1498931 6578413 1924012 1740540 87712756 72098931 4481651 9930430 1654279 1556769 83299964 0.46980 0.53020 0 0 43402939 43402939 282612812 154843344 127769468 5457385 2762867 2694518 53584610 40769643 12814967 2117101 2117101 188798993 POST-RETIREMENT BENEFIT LIABILITY 19653206 FIN 47 ASSET RETIREMENT OBLIGATIONS 16267511 U.S. GOVT GRANTS REFUNDABLE 6353995 MISCELLANEOUS OTHER 9544779 51819491 X PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND PROVIDES CONTINUOUS SUPPORT FOR STUDENT ASSISTANCE, FACULTY RETENTION AND RECRUITMENT, AND ESSENTIAL MAINTENANCE OF OUR CAMPUSES. ENDOWED SCHOLARSHIPS ENABLE THE UNIVERSITY TO EXPAND NEED AND MERIT BASED AWARDS. PROGRAMMATIC ENDORSEMENTS ALLOW FOR OVERALL ENHANCEMENT OF PROGRAMS SUCH AS TECHNOLOGY, RESEARCH, LIBRARY ACQUISITIONS AND CLOSEST TO THE MISSION OF THE UNIVERSITY, GLOBAL EDUCATION AND RESEARCH BENEFITING STUDENT LEARNING AND FACULTY INSTRUCTION. FACULTY ENDOWMENTS INCLUDE ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY'S WHOLLY OWNED SUBSIDIARY, HARBINGER CORPORATION, CURRENTLY INACTIVE, IS SUBJECT TO INCOME TAX. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 A STATEMENT IS SET FORTH TO DISCLOSE OUR RACIALLY NON-DISCRIMINATORY POLICY IN ALL RECRUITMENT EFFORTS, APPLICATIONS, OFFICIAL PUBLICATIONS FOR REGISTRATION, INCLUDING RADIO, INTERNET, TV, AND SOCIAL MEDIA. SCHEDULE E, PART I, LINE 6 SCHEDULE E, PART I, LINE 6A FAIRLEIGH DICKINSON UNIVERSITY RECEIVES AID FROM THE STATE OF NEW JERSEY AND FUNDING FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING THE FEDERAL PELL GRANT PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL DIRECT LOAN PROGRAMS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), AND HIGHER EDUCATION EMERGENCY RELIEF FUNDS. SCHEDULE E, PART I, LINE 6B IN 1990-91, THE FEDERAL GOVERNMENT SUSPENDED PAYMENTS FOR FINANCIAL AID FOR NURSING LOANS BECAUSE THE DEFAULT RATE EXCEEDED THE MAXIMUM ALLOWABLE RATE. AS OF JUNE 1991, THE DEFAULT RATE WAS REDUCED TO BELOW THE MAXIMUM ALLOWABLE RATE AND THE SUSPENSION WAS LIFTED. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 32 PROGRAM SERVICES HIGHER EDUCATION 1141530 NORTH AMERICA 1 153 PROGRAM SERVICES HIGHER EDUCATION 11373669 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FINANCIAL AID 240508 NORTH AMERICA 0 0 PROGRAM SERVICES FINANCIAL AID 1905984 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITMENT 1693 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITMENT 100600 SOUTH ASIA 0 0 PROGRAM SERVICES RECRUITMENT 235600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITMENT 1500 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES RECRUITMENT 2000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES RECRUITMENT 2000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITMENT 152150 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITMENT 14000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES BUSINESS MEETINGS 1027 NORTH AMERICA 0 0 PROGRAM SERVICES BUSINESS MEETINGS 1071 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 1219 NORTH AMERICA 0 0 PROGRAM SERVICES CONSULTANTS 29711 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INVESTMENTS 7682490 2 185 0 0 2 185 15001084 7885668 22886752 TUITION A/R EUROPE (INCLUDING ICELAND & GREENLAND) 232 1905984 N/A N/A TUITION A/R NORTH AMERICA 68 240508 N/A N/A 0 0 1 0 0 1 PART I, LINE 2: ALL GRANT FUNDS AWARDED TO STUDENTS OUTSIDE OF THE UNITED STATES ARE POSTED ELECTRONICALLY BY THE BURSAR TO THE TUITION RECEIVABLE ACCOUNT FOR EACH STUDENT. THE UNIVERSITY'S ENROLLMENT SERVICES OFFICE IS PROVIDED WITH A WEEKLY REPORT IDENTIFYING ANY STUDENT REFUNDS. THESE PROCEDURES ENSURE THAT ALL FUNDS ARE BEING APPLIED AND USED FOR THEIR INTENDED EDUCATIONAL PURPOSE. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR THE EXPENDITURES REPORTED ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: SCHEDULE F, PART III THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR THE NON-CASH ASSISTANCE REPORTED ON THE UNIVERSITY'S FINANCIAL STATEMENTS. SCHEDULE F, PART IV, LINE 3 FAIRLEIGH DICKINSON UNIVERSITY OF BRITISH COLUMBIA, FOUNDATION (FDU-VANCOUVER) IS A CAMPUS OF FAIRLEIGH DICKINSON UNIVERSITY IN THE UNITED STATES. FDU-VANCOUVER WAS FORMED ON JULY 19, 2006, INCORPORATED UNDER THE SOCIETY ACT IN VICTORIA, BC, CANADA AND ACCREDITED BY THE BRITISH COLUMBIA MINISTRY OF ADVANCED EDUCATION. X X X X X X X 1 THE PHONATHON LLC 455 NW 35 ST BOCA RATON FL 33431 DESIGN 0 330694 63652 267042 330694 63652 267042 NJ NY CHARTER DAY 748305 748305 12208 1592 365 59370 SILBERMAN GALA 38125 38125 3634 3165 1 49440 21798 27642 7853 23860 714 1780 835870 808228 27642 20061 23860 5940 365 64315 114541 -86899 SCHEDULE G, PART I, LINE 2B (III) THE AGREEMENT WITH THE PHONATHON, LLC DISTINGUISHES PAYMENTS FOR PROFESSIONAL FUNDRAISING SERVICES FROM EXPENSE PAYMENTS BY BASING FUNDRAISING SERVICES PAYMENTS ON SOLICITATION CALL VOLUME AND BY CHARGING FOR EXPENSES SUCH AS POSTAGE AT THE ACTUAL FIRST-CLASS POSTAGE RATE. THE EXPENSES FOR TELEPHONE NUMBER RESEARCH IS BILLED AT A SET FEE AMOUNT. 1 UNIVERSITY FUNDED SCHOLARSHIPS 4439 113635349 N/A GENERAL SUPPORT EDUCATIONAL OPPORTUNITY FUND 399 1080485 N/A GENERAL SUPPORT PRIVATE & ENDOWED SCHOLARSHIPS 756 2359267 N/A GENERAL SUPPORT MISC STATE & OTHER SCHOLARSHIPS 8 9950 N/A GENERAL SUPPORT HEERF 1 SCHOLARSHIPS AND GRANTS 1287 3327606 N/A GENERAL SUPPORT PART I, LINE 2: THE UNIVERSITY MONITORS ITS GRANTS TO ENSURE THAT SUCH GRANTS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THEIR INTENDED USE BY HAVING THE ENROLLMENT SERVICES OFFICE PROVIDE THE FINANCIAL AID OFFICE WITH A WEEKLY REPORT IDENTIFYING ANY FINANCIAL AID REFUNDS TO STUDENTS. THIS PROCESS ENSURES THAT ALL GRANTS AND SCHOLARSHIPS ARE BEING APPLIED AND USED FOR THEIR INTENDED PURPOSE. ALL FINANCIAL AID IS ELECTRONICALLY POSTED DIRECTLY TO EACH STUDENTS ACCOUNT BY THE BURSAR. THE UNIVERSITY RECEIVED $11.1M OF HIGHER EDUCATION EMERGENCY RELIEF FUNDS (HEERF) OF WHICH $3.3M WAS DISTRIBUTED TO STUDENTS AS EMERGENCY AID. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER A CAPUANO PRESIDENT & TRUSTEE 493583 0 0 0 101438 0 118783 0 64754 0 778558 0 0 0 HANIA FERRARA SVP FINANCE & ADMINISTRATION 285487 0 0 0 13045 0 76835 0 31737 0 407104 0 0 0 GREG HERENDA HEAD COACH, MEN'S BASKETBALL 237448 0 50000 0 8172 0 21958 0 55190 0 372768 0 0 0 LUKE D SCHULTHEIS VP ENROLLMENT, PLANNING 264431 0 0 0 9836 0 16322 0 56577 0 347166 0 0 0 GILLIAN M SMALL UNIVERSITY PROVOST & SVP 297286 0 0 0 20268 0 17048 0 2678 0 337280 0 0 0 RICHARD P REISS SVP UNIVERSITY ADVANCEMENT 265452 0 0 0 13305 0 24584 0 33322 0 336663 0 0 0 MICHAEL J AVALTRONI DEAN, SCHOOL OF PHARMACY 236187 0 0 0 6899 0 22143 0 35921 0 301150 0 0 0 EDWARD SILVER GENERAL COUNSEL & SECRETARY 261719 0 0 0 6318 0 16237 0 9523 0 293797 0 0 0 GEOFFREY S WEINMAN DEAN, BECTON COLLEGE 213671 0 0 0 6813 0 19817 0 30098 0 270399 0 0 0 RICHARD C FRICK VP FACILITIES & AUXILIARY SVCS 197060 0 0 0 10413 0 18303 0 30069 0 255845 0 0 0 LISA R BRAVERMAN DEAN, PETROCELLI COLLEGE 208928 0 0 0 3764 0 8209 0 29498 0 250399 0 0 0 STEVEN NELSON CAMPUS EXECUTIVE METROPOLITAN 187942 0 0 0 6813 0 0 0 52684 0 247439 0 0 0 ROSE D'AMBROSIO VP FOR HUMAN RESOURCES 187168 0 0 0 5129 0 17621 0 36378 0 246296 0 0 0 JAMES G ALMEIDA INTERIM DEAN SILBERMAN COLL 168428 0 0 0 15899 0 16296 0 35170 0 235793 0 0 0 NEIL M STURM VP & CHIEF INFORMATION OFFICER 204453 0 0 0 9600 0 18303 0 496 0 232852 0 0 0 PETER J WOOLLEY FMR PROVOST FLORHAM CAMPUS 173088 0 0 0 329 0 16576 0 38456 0 228449 0 0 0 FRANK BARRA ASSOC VP, FINANCE 174393 0 0 0 329 0 11319 0 41965 0 228006 0 0 0 BRIAN MAURO CAMPUS EXECUTIVE FLORHAM 170440 0 0 0 5099 0 15990 0 33138 0 224667 0 0 0 SAUL KLEINMAN ASSOCIATE VP, MIS 185254 0 0 0 357 0 17100 0 14954 0 217665 0 0 0 BRAD HURLBUT DIRECTOR OF ATHLETICS, METRO 188967 0 0 0 6114 0 8867 0 10804 0 214752 0 0 0 VICKI L COHEN INTERIM DEAN, UNIV COLLEGE 164963 0 0 0 813 0 15759 0 30005 0 211540 0 0 0 PART I, LINE 1A SPOUSAL TRAVEL OCCURS IN VERY LIMITED CIRCUMSTANCES FOR THE UNIVERSITY PRESIDENT AND SR VICE PRESIDENT OF UNIVERSITY ADVANCEMENT WHEN ATTENDING UNIVERSITY RELATED EVENTS AND FUNCTIONS. UNIVERSITY POLICY REQUIRES PRE-APPROVAL BY THE BOARD CHAIR AND WRITTEN SUBSTANTIATION OF THE BONA FIDE BUSINESS PURPOSE WHEN ACCOMPANIED BY A SPOUSE. SPOUSAL TRAVEL IS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE AS REQUIRED BY THE IRS WHEN IT IS NOT FOR A BONA FIDE UNIVERSITY BUSINESS PURPOSE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS TRAVEL DOCUMENTATION. THE UNIVERSITY PRESIDENT RECEIVES AN ANNUAL HOUSING ALLOWANCE PURSUANT TO HIS EXECUTIVE CONTRACT. ALL HOUSING ALLOWANCE AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED IN PART II, COLUMN (B)(III). THE PRESIDENT IS REIMBURSED FOR AN ANNUAL CREDIT CARD MEMBERSHIP FEE WHICH IS PROVIDED SOLELY FOR UNIVERSITY BUSINESS RELATED TRAVEL. THE UNIVERSITY DOES NOT PROVIDE PAYMENT FOR PERSONAL SERVICES, TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS FOR ANY PERSON LISTED IN PART VII, SECTION A. PART I, LINE 3 THE BOARD OF TRUSTEES COMPENSATION COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE CONCERNING COMPENSATION OF THE UNIVERSITY PRESIDENT, AND SETTING COMPENSATION AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT FOR OFFICERS OF THE UNIVERSITY. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES RETAINING AN INDEPENDENT FIRM TRIENNIALLY TO STUDY EXECUTIVE COMPENSATION TO ASSURE THAT THE COMPENSATION OF EACH OFFICER IS COMPARABLE TO POSITIONS OF SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION COMMITTEE IS ALSO RESPONSIBLE FOR CONDUCTING OR COMMISSIONING ANY OTHER NECESSARY SURVEY OR STUDIES AND REPORT THE RESULTS TO THE BOARD OF TRUSTEES. MEETINGS AND DECISIONS OF THIS COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY IN COMMITTEE MINUTES. SCHEDULE J, PART II GREG HERENDA, HEAD COACH MEN'S BASKETBALL RECEIVED A $50,000. PERFORMANCE BONUS PURSUANT TO HIS CONTRACT. A NJ EDUCATIONAL FACILITIES AUTH - 2021 SERIES A 221829511 2021-02-24 63785000 REF NJEFA 2006G&H, 2014, 2015 & NEW PROJECTS 0 0 0 B NJ EDUCATIONAL FACILITIES AUTH - 2014 (CIF) SERIES B 221829511 646066DG2 2014-04-29 582000 FLORHAM CAMPUS SCIENCE BLDG RENOV 0 0 1 C NJ EDUCATIONAL FACILITIES AUTH - 2016 (CIF) SERIES B 221829511 646066F54 2016-12-20 2877219 RENOVATE FLORHAM SCHOOL OF PHARM 0 0 1 A 63785000 451730 1161354 43318144 18853772 1 0 0 1 B 372071 585253 3423 520966 36961 23903 2015 0 0 1 1 C 1565836 2877219 23124 2843451 10644 2016 0 0 0 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, NJEFA (CIF) 2014 SERIES B THE TOTAL BOND ISSUE PRICE WAS $14,345,000 OF WHICH $582,000 WAS ALLOCATED TO THE UNIVERSITY. SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS OF ISSUE IN PART II INCLUDE INVESTMENT EARNINGS FOR NJEFA (CIF) 2014 SERIES B OF $3,253. SCHEDULE K, PART III, LINE 3A THE UNIVERSITY MAINTAINS JANITORIAL, VENDING, WAREHOUSING, AND COPYING EQUIPMENT SERVICE CONTRACTS WHICH ARE SOLELY INCIDENTAL TO THE PRIMARY FUNCTIONS OF THE BOND-FINANCED FACILITIES. SUCH ARRANGEMENTS ARE NOT TREATED AS MANAGEMENT CONTRACTS THAT MAY GIVE RISE TO PRIVATE BUSINESS USE PURSUANT TO THE SAFE HARBOR REV. PROC. 97-13 AND/OR 2017-13 AS APPLICABLE UNDER SEC. 141(B) OF THE INTERNAL REVENUE CODE. SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION FOR SERIES 2014B WAS PERFORMED 4/6/2021. NOT REQUIRED SEE PART IV 55090 TUITION GRANTS EDUCATION MARY K DOUGLAS FAMILY OF FMR. OFC. 73757 EMP. COMP. 0 SCHEDULE L, PART III, LINE 1B THE UNIVERSITY OFFERS EMPLOYEE TUITION GRANTS PURSUANT TO I.R.C. SEC. 117(D) TO ALL FULL-TIME EMPLOYEES, PART-TIME EMPLOYEES AND FACULTY. SOME LISTED PERSONS IN PART VII SECTION A HAVE DEPENDENTS THAT RECEIVE TUITION GRANTS UNDER THIS PLAN. THE AMOUNT IN PART III, COLUMN (D) REPRESENTS THE PORTION ATTRIBUTABLE TO THE SIX MONTHS FOLLOWING CALENDAR 2020 WHICH IS NOT REPORTED AS COMPENSATION IN PART VII, SECTION A AS TAXABLE AND NONTAXABLE FRINGE BENEFITS. X 11 237540 FMV X K95/SURGICAL MASKS 1 18018 X GRAD NURSE LAB 1 9160 X CUTLERY SET 1 3040 X FLORAL ARRANGEMENTS 2 1575 0 1 1 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). SCHEDULE M, PART I, LINE 32B THE UNIVERSITY HIRED A THIRD PARTY TO SELL, PROCESS AND SHIP CERTAIN NONCASH CONTRIBUTIONS AT A FUNDRAISING EVENT. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION: FAIRLEIGH DICKINSON UNIVERSITY IS A CENTER OF ACADEMIC EXCELLENCE DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION. THE UNIVERSITY STRIVES TO PROVIDE STUDENTS WITH THE MULTI-DISCIPLINARY, INTERCULTURAL, AND ETHICAL UNDERSTANDINGS NECESSARY TO PARTICIPATE, LEAD, AND PROSPER IN THE GLOBAL MARKETPLACE OF IDEAS, COMMERCE AND CULTURE. FORM 990, PART III, LINE 4A FAIRLEIGH DICKINSON UNIVERSITY, NEW JERSEY'S LARGEST PRIVATE UNIVERSITY, IS A NONSECTARIAN, COEDUCATIONAL INSTITUTION OFFERING PROGRAMS ON THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEVELS. THE UNIVERSITY EDUCATES APPROXIMATELY 12,500 STUDENTS PER YEAR, INCLUDING A STRONG INTERNATIONAL STUDENT POPULATION. FOUNDED AS A SMALL JUNIOR COLLEGE IN 1942, THE UNIVERSITY NOW MAINTAINS TWO MAJOR CAMPUSES IN NORTHERN NEW JERSEY SUBURBS - THE METROPOLITAN CAMPUS, SPANNING BOTH TEANECK AND HACKENSACK IN BERGEN COUNTY, AND THE FLORHAM CAMPUS, LOCATED IN FLORHAM PARK AND MADISON IN MORRIS COUNTY - AND CAMPUSES IN WROXTON, ENGLAND AND VANCOUVER, BRITISH COLUMBIA, CANADA. THE UNIVERSITY PROVIDES INSTRUCTION AT ADDITIONAL LOCATIONS THROUGHOUT NEW JERSEY, AND LEARNING OPPORTUNITIES AT SELECT LOCATIONS THROUGHOUT THE UNITED STATES AND STUDY-ABROAD IN A VARIETY OF LOCATIONS OVERSEAS. THE METROPOLITAN CAMPUS FEATURES A UNIVERSITY ATMOSPHERE WITH A DIVERSE DOCTORAL, GRADUATE, UNDERGRADUATE AND NON-DEGREE STUDENT POPULATION FROM THE UNITED STATES AND ABROAD. IT OFFERS A WIDE RANGE OF PROGRAMS, DELIVERED IN-PERSON AND ONLINE, INCLUDING DEGREE, CERTIFICATE AND CONTINUING-EDUCATION PROGRAMS; UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREE PROGRAMS; AND PROFESSIONAL-LEVEL PROGRAMS, AS WELL AS NON-DIPLOMA, NON-DEGREE AND CERTIFICATE PROGRAMS. DEGREES AWARDED RANGE FROM THE ASSOCIATE TO THE PH.D. THE METROPOLITAN CAMPUS IN PARTICULAR FEATURES THE DEPTH AND BREADTH OF THE LIBERAL ARTS FACULTY, THE FOCUS AND STRENGTH OF THE COMPUTER SCIENCE AND ENGINEERING PROGRAMS, THE VARIETY AND IMPORTANCE OF THE HEALTH PROFESSION MAJORS, THE QUALITY OF THE CLINICAL PSYCHOLOGY AND SCHOOL PSYCHOLOGY PROGRAMS AND THE PRESENCE OF THE LARGEST NUMBER OF PROFESSIONAL ACCREDITED PROGRAMS AT THE UNIVERSITY. THE METROPOLITAN CAMPUS ALSO SERVES AS THE HOME OF THE ELS LANGUAGE CENTER PROGRAM. THE SILBERMAN COLLEGE OF BUSINESS IS ACCREDITED BY AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. THE COLLEGE OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN BUSINESS EDUCATION AT BOTH THE UNIVERSITY'S FLORHAM CAMPUS AND METROPOLITAN CAMPUS IN NEW JERSEY AND AT THE VANCOUVER CAMPUS IN BRITISH COLUMBIA, CANADA. FAIRLEIGH DICKINSON'S FLORHAM CAMPUS OFFERS A CLASSIC COLLEGE EXPERIENCE WHERE UNDERGRADUATES ARE AT THE HEART OF THE LEARNING EXPERIENCE. WITH ITS SMALL COLLEGE SETTING, THE FLORHAM CAMPUS EMPHASIZES RESIDENTIAL LIVING, HANDS-ON LEARNING, GRADUATE AND PROFESSIONAL SCHOOL PREPARATION AND CUSTOMIZED EDUCATIONAL OFFERINGS, ALL FRAMED WITH A GLOBAL PERSPECTIVE. THE FLORHAM CAMPUS OFFERS A BROAD RANGE OF STRONG PROGRAMS AT THE UNDERGRADUATE, GRADUATE DOCTORAL, AND PROFESSIONAL LEVELS, AS WELL AS NON-DIPLOMA, NON-DEGREE, CERTIFICATE AND CONTINUING-EDUCATION PROGRAMS AND CREATES AN ACADEMICALLY CHALLENGING LEARNING ENVIRONMENT WITH AN ENHANCED RESIDENTIAL EXPERIENCE. THE UNIVERSITY'S SCHOOL OF PHARMACY AND HEALTH SCIENCES ON THE CAMPUS FEATURES A DYNAMIC CURRICULUM INCORPORATING TECHNOLOGY, A GLOBAL PERSPECTIVE AND MULTIPLE GRADUATE DEGREE OPTIONS. WROXTON COLLEGE IS HOUSED IN AN 18TH-CENTURY JACOBEAN MANSION IN THE COTSWOLD AREA OF BRITAIN. YET, LONDON, OXFORD AND THE ROYAL SHAKESPEARE COMPANY ARE ALL WITHIN A SHORT DRIVE. WROXTON COLLEGE'S EDUCATIONAL METHODS AND ACADEMIC PERSONNEL ARE CHOSEN TO GIVE STUDENTS THE BEST EXPERIENCE THAT BRITAIN CAN OFFER. COURSES ARE TAUGHT BY THE LECTURE, SEMINAR AND TUTORIAL METHODS EMPLOYED IN BRITISH UNIVERSITIES. THE COLLEGE OFFERS A LARGE NUMBER OF COURSES IN LITERATURE, HISTORY, POLITICAL SCIENCE, FINE ARTS, UNIVERSITY CORE AND SOCIOLOGY. THE COLLEGE'S OWN BRITISH TEACHING STAFF IS SUPPLEMENTED BY VISITING LECTURERS FROM BRITISH UNIVERSITIES. THE VANCOUVER CAMPUS OFFERS STUDENTS ONE OF THE FEW OPPORTUNITIES TO EARN AN AMERICAN COLLEGE DEGREE WHILE STUDYING IN CANADA. THE CAMPUS BRINGS TOGETHER STUDENTS FROM MORE THAN 60 COUNTRIES INTO A STUDENT-CENTERED LEARNING ENVIRONMENT. ALL DEGREE PROGRAMS OFFERED AT THE VANCOUVER CAMPUS HAVE BEEN AUTHORIZED BY THE BRITISH COLUMBIA MINISTRY OF ADVANCED EDUCATION. THE VANCOUVER CAMPUS OFFERS ACCREDITED PROFESSIONAL DEGREE PROGRAMS TO INTERNATIONAL STUDENTS WITH MAJORS IN BUSINESS ADMINISTRATION AND INFORMATION TECHNOLOGY. THE UNIVERSITY ALSO OFFERS A BACHELOR OF ARTS IN INDIVIDUALIZED STUDIES, A BACHELOR OF ARTS IN INDIVIDUALIZED STUDIES WITH A SPECIALIZATION IN HOSPITALITY AND TOURISM MANAGEMENT, A MASTER OF ADMINISTRATIVE SCIENCE DEGREE, A MASTER OF SCIENCE IN APPLIED COMPUTER SCIENCE AND A MASTER OF HOSPITALITY MANAGEMENT STUDIES AT THE VANCOUVER CAMPUS. IN ADDITION, THE VANCOUVER CAMPUS OFFERS A PRE UNIVERSITY PROGRAM WHICH PROVIDES ADVANCED ENGLISH-LANGUAGE TRAINING FOR STUDENTS WHO MEET THE REQUIREMENTS FOR ADMISSION BUT REQUIRE ADDITIONAL TRAINING IN ENGLISH (IN SPEAKING AND/OR WRITING) PRIOR TO MATRICULATING IN A DEGREE PROGRAM. FAIRLEIGH DICKINSON UNIVERSITY HAS ALSO LONG BEEN A NATIONAL LEADER IN PROVIDING ACADEMIC PROGRAMS AND SUPPORT SERVICES FOR VETERANS. THE UNIVERSITY PARTICIPATES IN THE GI BILL YELLOW RIBBON PROGRAM AND HAS BEEN RANKED AMONG AMERICA'S BEST COLLEGES FOR VETERANS BY U.S. NEWS & WORLD REPORT. IT RECENTLY WAS PROCLAIMED A PURPLE HEART UNIVERSITY BY THE STATE OF NEW JERSEY MILITARY ORDER OF THE PURPLE HEART FOR EXEMPLIFYING OUTSTANDING VETERAN SUPPORT, COMMITMENT AND A GENUINE CONCERN FOR THE WELL-BEING OF UNITED STATES VETERANS. FORM 990, PART III, LINE 4C HIGHER EDUCATION RESEARCH - INVESTIGATION AND EXPERIMENTAL ACTIVITIES FOR THE PURPOSE OF DISCOVERY AND REVISION OF ACCEPTED CONCLUSIONS UNDERTAKEN FOR THE BENEFIT OF THE COMMUNITY AT LARGE. THE SILBERMAN COLLEGE OF BUSINESS SPONSORS A SERIES OF BUSINESS RESEARCH STUDIES THAT INVOLVE FACULTY AND STUDENTS. THE COLLEGE PUBLISHES SEVERAL WORKING PAPERS SERIES AND THE JOURNAL OF PHARMACEUTICAL CHEMICAL BUSINESS. THE SCHOOL OF PSYCHOLOGY AND COUNSELING HOUSES THE CLINICAL PSYCHOLOGY AND PSYCHOLOGY DOCTORAL PROGRAMS WHERE STUDENTS AND FACULTY DO RESEARCH IN SUCH AREAS AS BEHAVIORAL MEDICINE, COGNITIVE, PSYCHOLOGICAL AND PSYCH-EDUCATIONAL TESTING AND WOMEN'S ISSUES. THE SCHOOL OF PSYCHOLOGY AND COUNSELING FURTHER EMPHASIZES EXPERIMENTAL, INDUSTRIAL/ORGANIZATION PSYCHOLOGY AND CLINICAL COUNSELING. IN ADDITION, IN THE MAXWELL BECTON COLLEGE OF ARTS AND SCIENCES, RESEARCH EFFORTS ARE PARTICULARLY PROMINENT IN ENGLISH, SOCIAL SCIENCES AND COMMUNICATION DISCIPLINES. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S BOARD OF TRUSTEES ASSIGNED THE PRIMARY RESPONSIBILITY FOR THE DETAILED REVIEW OF FORM 990 TO THE FINANCE, AUDIT, AND BUDGET COMMITTEE (THE "FABC") OF THE BOARD. THE FABC HAS WORKED CLOSELY WITH MANAGEMENT TO BECOME FAMILIAR WITH THE REQUIREMENTS AND TO ENSURE THAT UNIVERSITY POLICIES AND PROCEDURES ACCURATELY REFLECT ITS OPERATIONS. FORM 990 WAS PREPARED BY KPMG LLP USING INFORMATION PROVIDED BY THE UNIVERSITY AND REVIEWED BY MANAGEMENT WITH OVERSIGHT RESPONSIBILITY PRIOR TO THE SUBMISSION TO THE GOVERNING BODY FOR REVIEW. THE FABC REVIEWED THE FORM 990 AT ITS MEETING ON APRIL 18, 2022 AFTER RECEIVING A DRAFT DOCUMENT SEVERAL DAYS IN ADVANCE. THIS REVIEW ALSO INCLUDED THE UNIVERSITY'S OFFICERS. THE DRAFT FORM 990 IS POSTED ON THE SECURE BOARD OF TRUSTEES PORTAL AND A NOTIFICATION IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES ALLOWING SUFFICIENT TIME FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FAIRLEIGH DICKINSON UNIVERSITY IS COMMITTED TO THE HIGHEST STANDARDS OF ETHICS IN ALL ASPECTS OF THE OPERATION OF THE UNIVERSITY AND HAS A WRITTEN CONFLICT OF INTEREST POLICY FOR ALL MEMBERS OF THE UNIVERSITY COMMUNITY THAT INCLUDES TRUSTEES, OFFICERS, FACULTY MEMBERS, STAFF MEMBERS, STUDENT EMPLOYEES, CONSULTANTS OR ANYONE ELSE WHO HAS AN OFFICIAL AFFILIATION WITH THE UNIVERSITY. THE POLICY REQUIRES TRUSTEES, OFFICERS, FACULTY MEMBERS, AND STAFF MEMBERS TO AVOID CONFLICTS OF INTEREST AND THE APPEARANCE OF IMPROPRIETY IN UNIVERSITY TRANSACTIONS. TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO PROVIDE A SIGNED CONFLICT OF INTEREST DISCLOSURE ANNUALLY TO THE UNIVERSITY'S GENERAL COUNSEL, WHO IS RESPONSIBLE FOR THE ADMINISTRATION OF THE POLICY. THE POLICY STATES THAT NO MEMBER SHALL MAKE RECOMMENDATIONS, VOTE, DELIBERATE, OR PARTICIPATE IN DECISION-MAKING WERE A CONFLICT EXISTS. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE POLICY CALLS FOR ANY MEMBER OF THE UNIVERSITY TO MAKE DISCLOSURE REGARDING POLICY VIOLATIONS TO THE GENERAL COUNSEL FOR INVESTIGATION. IN ADDITION, THE UNIVERSITY'S FINANCE DEPARTMENT MONITORS PAYMENT REQUESTS AND FLAGS QUESTIONABLE ITEMS. SUCH ITEMS ARE REFERRED TO THE GENERAL COUNSEL FOR ANALYSIS, INVESTIGATION AND GUIDANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES COMPENSATION COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE CONCERNING COMPENSATION OF THE UNIVERSITY PRESIDENT AND SETTING COMPENSATION AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT FOR OFFICERS OF THE UNIVERSITY IN CONSULTATION WITH THE PRESIDENT. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES RETAINING AN INDEPENDENT FIRM TO STUDY EXECUTIVE COMPENSATION TO ASSURE THAT THE COMPENSATION OF EACH OFFICER IS CONSISTENT WITH MARKET TRENDS AND IN COMPLIANCE WITH REGULATIONS. THE MOST RECENT EXECUTIVE COMPENSATION STUDY REPORT WAS ISSUED IN JANUARY 2018. THE COMPENSATION COMMITTEE IS ALSO RESPONSIBLE FOR CONDUCTING OR COMMISSIONING ANY NECESSARY SURVEY OR STUDIES AND TO REPORT THE RESULTS TO THE BOARD OF TRUSTEES. MEETINGS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY IN COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS FORM 1023 AND GOVERNING DOCUMENTS AVAILABLE BY WRITTEN REQUEST TO THE UNIVERSITY ASSOCIATE VICE PRESIDENT OF FINANCE OR UNIVERSITY GENERAL COUNSEL. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE UNIVERSITY WEBPAGE UNDER UNIVERSITY POLICIES, OFFICE OF THE GENERAL COUNSEL, AND ALSO BY WRITTEN REQUEST. THE UNIVERSITY MAKES THEIR AUDITED FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY WEBSITE. FORMS 990 AND 990-T ARE AVAILABLE WITHOUT CHARGE FOR IN-PERSON PUBLIC INSPECTION AT THE UNIVERSITY LIBRARIES LOCATED IN TEANECK AND MADISON, NJ DURING REGULAR BUSINESS HOURS BY ANYONE MAKING A REQUEST. ADDITIONALLY, REQUESTS FOR FORM 990 AND 990-T MAY BE MADE BY MAIL, ELECTRONIC MAIL, FACSIMILE OR PRIVATE DELIVERY SERVICE TO THE ASSOCIATE VICE PRESIDENT OF FINANCE, 1000 RIVER ROAD, TEANECK, NJ 07666-1914. COPIES OF FORMS ARE AVAILABLE WITHOUT CHARGE, OTHER THAN A REASONABLE FEE FOR REPRODUCTION AND POSTAGE COSTS. FORM 990 AND 990-T ARE AVAILABLE FOR A PERIOD OF 3 YEARS FROM THE DATE THE RETURN WAS REQUIRED TO BE FILED, OR IS ACTUALLY FILED, WHICHEVER IS LATER. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTERESTS 263,566. MULTI EMPLOYER PENSION PLAN CHANGE -51,509. POST-RETIREMENT BENEFIT CHANGE 5,210,474. COVID-19 IMPACT IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE NOVEL CORONAVIRUS (COVID-19) A PANDEMIC. THE OUTBREAK OF THE DISEASE HAS AFFECTED TRAVEL, COMMERCE AND FINANCIAL MARKETS, INCLUDING IN THE UNITED STATES. THE CONTINUED SPREAD OF COVID-19 AND ITS IMPACT ON SOCIAL INTERACTION, TRAVEL, ECONOMIES AND FINANCIAL MARKETS MAY ADVERSELY AFFECT OPERATIONS AND FINANCIAL CONDITION, INCLUDING, AMONG OTHER THINGS, (I) THE ABILITY OF THE UNIVERSITY TO CONDUCT ITS OPERATIONS AND/OR THE COST OF OPERATIONS, (II) GOVERNMENTAL AND NON-GOVERNMENTAL FUNDING, AND (III) FINANCIAL MARKETS IMPACTING INVESTMENTS VALUATION AND INTEREST RATES. COMMENCING MARCH 16, 2020, UNDERGRADUATE AND GRADUATE COURSE INSTRUCTION WAS CONDUCTED VIRTUALLY AND MOST STUDENTS VACATED THE CAMPUS. THE UNIVERSITY GRANTED REFUNDS OF APPROXIMATELY $6.5 MILLION IN FISCAL YEAR 2020 FOR HOUSING AND DINING SERVICES NOT PROVIDED. STUDENTS CONTINUED TO MEET THEIR ACADEMIC REQUIREMENTS FOR THE REMAINDER OF THE 2019-2020 ACADEMIC YEAR. IN ADDITION, THE START OF THE 2020-2021 ACADEMIC YEAR REMAINED A MOSTLY VIRTUAL LEARNING ENVIRONMENT. WHILE SOME FACULTY AND STAFF WERE WORKING ON-CAMPUS TO ENSURE CONTINUITY OF ESSENTIAL OPERATIONS, MOST FACULTY AND STAFF TRANSITIONED TO REMOTE WORK. STARTING IN THE 2021-2022 ACADEMIC YEAR, THE CAMPUS FULLY REOPENED FOR IN-PERSON CLASSES AND ACTIVITIES. THE UNIVERSITY RECEIVED $5.8 MILLION OF HIGHER EDUCATION EMERGENCY RELIEF FUNDS (HEERF) FROM THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT) IN FISCAL 2020, OF WHICH HALF WAS DISTRIBUTED TO STUDENTS AS EMERGENCY AID AND HALF WAS USED BY THE UNIVERSITY TO OFFSET THE REFUNDS NOTED ABOVE. THE UNIVERSITY RECEIVED AN ADDITIONAL $442 THOUSAND FROM THE CARES ACT THAT WAS DISTRIBUTED TO STUDENTS AS EMERGENCY AID IN FISCAL 2021. THE UNIVERSITY RECEIVED $10.7 MILLION OF HEERF II FROM THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) IN FISCAL 2021, OF WHICH $2.9 MILLION WAS DISTRIBUTED TO STUDENTS AS EMERGENCY AID, $7.1 MILLION WAS USED BY THE UNIVERSITY TO OFFSET LOST REVENUE AND $669 THOUSAND WAS USED TO OFFSET EXPENSE. THE UNIVERSITY ALSO RECEIVED $18.9 MILLION OF HEERF III FROM THE AMERICAN RESCUE PLAN ACT IN FISCAL 2021, WHICH IS EXPECTED TO BE EXPENDED IN FISCAL 2022. THE COVID-19 PANDEMIC HAS NEGATIVELY AFFECTED NATIONAL, STATE, AND LOCAL ECONOMIES AND GLOBAL FINANCIAL MARKETS, AND THE HIGHER EDUCATION LANDSCAPE IN GENERAL. WHILE THE FINANCIAL IMPACT ON THE UNIVERSITY CANNOT BE QUANTIFIED AT THIS TIME, THE PANDEMIC MAY HAVE A MATERIAL ADVERSE EFFECT ON THE CURRENT AND FUTURE FINANCIAL PROFILE AND OPERATING PERFORMANCE OF THE UNIVERSITY. THE UNIVERSITY CONTINUES TO MONITOR THE COURSE OF THE PANDEMIC AND IS PREPARED TO TAKE ADDITIONAL MEASURES TO PROTECT THE HEALTH OF THE UNIVERSITY COMMUNITY AND PROMOTE THE CONTINUITY OF ITS ACADEMIC MISSION. FDU OF BRITISH COLUMBIA FOUNDATION 842 CAMBIE STREET VANCOUVER CA V6B 2P6 EDUCATION CA 14604706 12260799 FDU-USA CHARITABLE REMAINDER TRUST TRUST FL N/A T 32992 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PART I FARLEIGH DICKINSON UNIVERSITY OF BRITISH COLUMBIA, FOUNDATION (FDU-VANCOUVER) IS A CAMPUS OF FAIRLEIGH DICKINSON UNIVERSITY IN THE UNITED STATES. FDU-VANCOUVER WAS FORMED ON JULY 19, 2006, INCORPORATED UNDER THE SOCIETY ACT IN VICTORIA, BC, CANADA AND ACCREDITED BY THE BRITISH COLUMBIA MINISTRY OF ADVANCED EDUCATION.