2021-04-12T15:30:00-05:00 2020-05-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2019-06-01 370661494 BRADLEY UNIVERSITY BRAD 3096773117 1501 W BRADLEY AVENUE PEORIA IL 616250001 SHERYL COX CFO 3096773117 2021-04-05 1 SAMUEL A CIGELNIK P00324762 3096714500 2021-04-05 2019 2022-09-23 18:48:47Z STEPHEN STANDIFIRD 1501 W BRADLEY AVENUE PEORIA IL 616250001 238855045 0 X WWW.BRADLEY.EDU X 1897 IL BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 23 22 3300 760 39190 21241 12475983 22203423 202019241 201711576 15091195 14526002 139876 205084 229726295 238646085 71651245 71062165 0 0 96829068 103448821 0 0 4843055 62154240 58368881 230634553 232879867 -908258 5766218 700074282 712945458 245924082 261387513 454150200 451557945 X BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 0 0 181151061 66187793 173074107 INSTRUCTION AND RESEARCH - PROVIDING HIGHER EDUCATION TO STUDENTS. 3925996 751640 15386457 AUXILIARY SERVICES - PROVIDES SUPPORT SERVICES FOR STUDENTS WHICH INCLUDES HOUSING, BOOKSTORE, AND CONFERENCE FACILITIES. 6812642 7837713 FOOD SERVICES - PROVIDES BOARD (CAFETERIA SERVICES) FOR STUDENTS LIVING ON CAMPUS AND OFF CAMPUS. ALSO INCLUDES FOOD PURCHASED BY EMPLOYEES. 12925168 4122732 2028948 INTERCOLLEGIATE ATHLETICS - PROVIDES FOR INTERCOLLEGIATE ATHLETIC ACTIVITY DIVISION I SPORTS OF MEN'S BASKETBALL, TRACK, GOLF, BASEBALL, AND SOCCER AND WOMEN'S BASKETBALL, VOLLEYBALL, CROSS-COUNTRY, GOLF, SOFTBALL, AND TENNIS. 1515632 414893 OTHER EDUCATIONAL BENEFITS - PROVIDES TECHNICAL SUPPORT FOR FACULTY, STAFF AND STUDENTS, CHILDCARE CENTER FOR TRAINING OPPORTUNITIES, AND EMPLOYMENT CENTER FOR STUDENTS. 3989232 2969458 OTHER DEPARTMENT PROGRAMS - PROVIDES SERVICES FOR TRANSCRIPTS, CULTURAL PROGRAMS OFFERED TO CAMPUS AND PUBLIC, CONTINUING EDUCATION PROGRAMS, AND MISCELLANEOUS OTHER PROGRAMS. 18430032 4122732 5413299 210319731 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 326 19 1 3300 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SHERYL COX CFO 3096773117 1501 W BRADLEY AVENUE PEORIA IL 61625 JAMES E SHADID CHAIRMAN 5.00 X 0 0 0 KATHLEEN MB HOLST VICE CHAIRMAN 5.00 X 0 0 0 JONATHAN E MICHAEL SECRETARY 5.00 X 0 0 0 DAVID P BOZEMAN TRUSTEE 5.00 X 0 0 0 GARY A BURK TRUSTEE 5.00 X 0 0 0 CALVIN G BUTLER JR TRUSTEE 5.00 X 0 0 0 GARY M PEPLOW TRUSTEE 5.00 X 0 0 0 LINDSEY R ROLSTON TRUSTEE 5.00 X 0 0 0 GEORGE E RUEBENSON TRUSTEE 5.00 X 0 0 0 KEVIN SCHOEPLEIN TRUSTEE 5.00 X 0 0 0 MICHAEL SCIMO TRUSTEE 5.00 X 0 0 0 INGA CARUS TRUSTEE 5.00 X 0 0 0 MICHELLE MILLS CLEMENT TRUSTEE 5.00 X 0 0 0 MS ANN EDWARDS-COTTER TRUSTEE 5.00 X 0 0 0 MICHAEL N CULLINAN TRUSTEE 5.00 X 0 0 0 MELVIN FLOWERS TRUSTEE 5.00 X 0 0 0 ROBIN L KELLY TRUSTEE 5.00 X 0 0 0 SHARON DESMOULIN-KHERAT TRUSTEE 5.00 X 0 0 0 RAY LAHOOD TRUSTEE 5.00 X 0 0 0 DEBBIE SIMON TRUSTEE 5.00 X 0 0 0 TANA UTLEY TRUSTEE 5.00 X 0 0 0 CELSO WHITE TRUSTEE 5.00 X 0 0 0 GARY ROBERTS PRESIDENT 60.00 X 526058 0 18480 WALTER ZAKAHI PROVOST AND SR. VP ACADEMIC AFFAIRS 50.00 X 256296 0 27697 PRATIMA GANDHI CFO/CONTROLLER 50.00 X 162645 0 22045 ERIN KASTBERG VP LEGAL AFFAIRS 50.00 X 192167 0 27895 NATHAN THOMAS VP FOR STUDENT AFFAIRS 50.00 X 181984 0 14002 JUSTIN BALL VP ENROLLMENT MANAGEMENT 50.00 X 169855 0 26860 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 50.00 X 297405 0 29880 JAKE HEUSER VP ADVANCEMENT 50.00 X 221199 0 29743 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 50.00 X 808744 0 32638 LEX AKERS DEAN, COLLEGE OF ENGINEERING 50.00 X 235125 0 26256 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING ENGINEERING 50.00 X 205013 0 18370 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL OF ENTERPRENE 50.00 X 230541 0 28070 MATT O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 50.00 X 202119 0 29037 3689151 0 330973 150 0 1 0 MILLER HALL & TRIGGS 416 MAIN STREET PEORIA IL 61602 LEGAL SERVICES 388238 NEPC LLC PO BOX 4110 WOBURN MA 01888 INVESTMENT SERVICES 332849 BB FLOORING LLC PO BOX 8118 EAST PEORIA IL 61611 CONSTRUCTION 205044 CLIFTONLARSONALLEN LLP 301 SW ADAMS ST STE 1000 PEORIA IL 61602 AUDIT SERVICES 138360 BRANDES INVESTMENT PARTNERS LP PO BOX 919048 SAN DIEGO CA 921919048 INVESTMENT SERVICES 122539 5 322257 6213856 15667310 1713902 22203423 INSTRUCTION & RESEARCH 611600 173074107 173074107 AUXILIARY SERVICE 722210 15386457 15386457 FOOD SERVICE REVENUE 611710 7837713 7837713 DEPARTMENT PROGRAMS 611710 2969458 2969458 INTERCOLLEGIATE ATHLETICS 611710 2028948 2028948 414893 414893 201711576 13654647 13654647 62330 73513 -11183 -11183 -11183 871355 0 871355 871355 39190 832165 234261 65404 168857 168857 117453 70043 47410 47410 238646085 201711576 39190 14691896 71062165 71062165 2991326 1572073 1180617 238636 70000436 59861539 7621462 2517435 3301654 2778841 398147 124666 22126185 18622533 2668197 835455 5029220 4232849 606474 189897 1349633 1190519 157368 1746 457779 2250 455529 96160 2250 93910 1096196 1096196 58664 53064 5000 600 327979 300435 5470 22074 8662305 7550259 579332 532714 4618868 3921138 624196 73534 13588029 12418709 1154883 14437 2641908 2404414 105747 131747 235365 220978 5993 8394 4475250 4370454 104796 14271586 14271586 1373974 1012215 361759 OTHER MISCELLANEOUS 3464077 2820352 492005 151720 ATHLETICS MISCELLANEOUS 1651108 1651108 232879867 210319731 17717081 4843055 43812248 43330476 1159494 0 10061014 10422229 3344305 3260022 23951 21331 964280 636506 573226264 210763770 346732473 362462494 157386025 199640954 131723180 86489994 4867312 4167096 0 2514356 700074282 712945458 34381143 28467353 4506480 3897521 147691706 153665313 1269142 7771369 5782407 5049853 52293204 62536104 245924082 261387513 X 324619118 322750454 129531082 128807491 454150200 451557945 700074282 712945458 X 5766218 -6090985 -2267488 X X 0 1 X 1 1 1 X 14393124 19939904 7586973 12475983 22203423 76599407 14393124 19939904 7586973 12475983 22203423 76599407 12699137 63900270 12588305 11377535 15211636 12740453 13716977 65634906 337449 444359 444196 39190 1265194 143499507 966863944 0.44530 0.50140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321631 X X X 0 308398725 11416273 4998917 5058010 5772939 1105321 312877645 313641208 5239666 2913687 4763227 7407220 1225389 308398725 299257226 4205899 23564600 4618137 7383342 1385038 313641208 273959967 5716483 31425002 4462215 6231199 1150812 299257226 290974441 4723738 -9861018 4501081 6283379 1092734 273959967 0.51260 0.44690 0.04050 1 0 25164945 25164945 435890416 127910986 307979430 81056134 63976782 17079352 31114769 18876002 12238767 362462494 55417567 F 10422856 F MORTGAGES AND NOTES 370378 C OTHER 8104713 C REAL ESTATE & FARMS 11158677 F LIFE INSURANCE POLICIES 1015803 F 86489994 POST-RETIREMENT BENEFITS OTHER THAN PENSIONS 53344544 SWAP CONTRACT 4455329 STUDENT DEPOSITS 2219692 LEASED LIABILITIES 2516539 62536104 X 159871244 -6090985 -72683856 -78774841 238646085 0 238646085 162463500 223727 2043762 2267489 160196011 72683856 72683856 232879867 PART III, LINE 4: COLLECTION OF ART AND OTHER HISTORICAL TREASURES INCLUDE VARIOUS SCULPTURES, PAINTINGS, AND OTHER WORKS OF ART; SEA CHART; HISTORICAL MAPS OF AMERICA; ANTIQUE WATCH FROM WHEN THE UNIVERSITY WAS A COLLEGE OF HOROLOGY; AND HISTORICAL BOOKS. THESE ITEMS ARE ON DISPLAY IN THE LIBRARY AND OTHER PARTS OF CAMPUS AND SERVE TO FURTHER THE UNIVERSITY'S EDUCATIONAL PURPOSE IN THE ARTS, HISTORY, AND THE HUMANITIES IN GENERAL. PART V, LINE 4: THE UNIVERSITY ENDOWMENT SERVES TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING SUBSTANTIAL AND SUSTAINABLE FLOW OF FUNDS TO THE OPERATING BUDGET AND RESTRICTED FUNDS IN ORDER TO SUPPORT THE LONG-TERM GOALS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE APPLICABLE U.S. AND ILLINOIS INTERNAL REVENUE CODES FOR RELATED INCOME. NO PROVISIONS HAVE BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE UNIVERSITY BELIEVES THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -71,587,660. INVESTMENT FEES -1,096,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: SWAP CONTRACT LOSS 1,056,419. LOSS ON DISPOSAL OF ASSET 987,343. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 71,587,660. INVESTMENT FEES 1,096,196. 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 FOLLOWING STATEMENT IS CONSPICUOUSLY DISPLAYED IN ALL ADMISSIONS MATERIAL INCLUDING UNIVERSITY CATALOGS: "BRADLEY UNIVERSITY IS COMMITTED TO A POLICY OF NON-DISCRIMINATION AND THE PROMOTION OF EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF AGE, COLOR, CREED, DISABILITY, ETHNICITY, MARITAL STATUS, NATIONAL ORIGIN, RACE, RELIGION, SEX, SEXUAL ORIENTATION, OR VETERAN STATUS. THE UNIVERSITY IS ALSO COMMITTED TO COMPLIANCE WITH ALL APPLICABLE LAWS REGARDING NON-DISCRIMINATION, HARASSMENT AND AFFIRMATIVE ACTION." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED TITLE IV FEDERAL FUNDS. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 190384 EAST ASIA & PACIFIC 0 0 PROGRAM SERVICES CPA EXAM TESTING 18543 0 0 0 0 0 0 208927 0 208927 1 0 0 0 1 0 PART III ACCOUNTING METHOD: AUCTION 172260 172260 1845 27726 6345 GOLF OUTING 45311 45311 7200 7882 2216 1 16690 16690 1000 11190 234261 234261 1845 8200 46798 8561 65404 168857 117453 63073 6970 0 0.75000 117453 63073 6970 70043 47410 IL 1 0 1 0 0.00000 1.00000 CRAIG DAHLQUIST SENIOR ATH DIRECTOR - COMPLIANCEFINANCE BRADLEY UNIVERSITY 1501 W BRADLEY A PEORIA IL 61625 0 CRAIG DAHLQUIST BOOKS & RECORDS X 0 1 EMPLOYEE TUITION REMISSION 211 3946997 BASED ON TUITION CHARGES EMPLOYEE DISCOUNT ON TUITION AWARDS 74 48731 FMV UNIVERSITY GRANT & SCHOLARSHIPS 4005 60327479 BASED ON FORMULA GRANTS & SCHOLARSHIPS OTHER TUITION WAIVERS 115 1262525 BASED ON TUITION CHARGES SPECIAL AFFINITY WAIVERS GRADUATE SCHOLARSHIPS 133 417781 BASED ON FORMULA GRANTS & SCHOLARSHIPS ATHLETIC SCHOLARSHIPS 193 4122732 IN COMFORMANCE WITH NCAA GUIDELINES SCHOLARSHIPS RESIDENT HALL SCHOLARSHIPS 120 935920 BASED ON ROOM AND BOARD CHARGES SCHOLARSHIPS FOR ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY UTILIZES THE POWERFAIDS FINANCIAL AID MANAGEMENT SYSTEM WHICH REQUIRES THE END USER TO TIE HIGHLY SPECIFIC ELIGIBILITY CRITERIA TO INDIVIDUAL FINANCIAL AID PROGRAMS. DURING EXECUTION OF THE AUTOMATED AWARDING MODULE WITHIN POWERFAIDS, AID IS ALLOCATED BASED ON THE PRE-ESTABLISHED CRITERIA ENSURING THAT GRANT FUNDS ARE ONLY DISTRIBUTED TO APPROPRIATE, QUALIFIED RECIPIENTS. POST AUTO-AWARDING A SERIES OF MIS INFORMATION REPORTS PERFORM A STUDENT-BY-STUDENT TEST OF AWARD EFFICACY MONITORING THAT STUDENT GRANT AID HAS BEEN APPROPRIATELY DISTRIBUTED. WITHIN THE STUDENT ACCOUNTS SYSTEM AND GENERAL LEDGER STUDENT GRANT PROGRAMS EXPENDITURES ARE ASSIGNED SUB-CODES THAT UNIQUELY IDENTIFY THEM AS SUCH THUS PROHIBITING ANY INADVERTANT OR INAPPROPRIATE DISTRIBUTION. THE UNIVERSITY HAS ESTABLISHED APPROPRIATE CONTROLS THROUGH SEPARATION OF RESPONSIBILITIES AND INTERNAL AUDIT PROCEDURES THAT PRECLUDE ANY ENTITY WITHIN THE ADMINISTRATIVE STRUCTURE FROM DIVERTING STUDENT GRANT AID TO NONQUALIFIED USES. SCHEDULE I, PART III, COLUMN D THE "NON-CASH ASSISTANCE" REPORTED ARE CREDITS AGAINST STUDENT TUITION CHARGES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GARY ROBERTS PRESIDENT 426058 0 0 0 100000 0 14000 0 4480 0 544538 0 100000 0 WALTER ZAKAHI PROVOST AND SR. VP ACADEMIC AFFAIRS 254721 0 0 0 1575 0 19250 0 8447 0 283993 0 0 0 PRATIMA GANDHI CFO/CONTROLLER 161685 0 0 0 960 0 8850 0 13195 0 184690 0 0 0 ERIN KASTBERG VP LEGAL AFFAIRS 188372 0 0 0 3795 0 14700 0 13195 0 220062 0 0 0 NATHAN THOMAS VP FOR STUDENT AFFAIRS 181024 0 0 0 960 0 14002 0 0 0 195986 0 0 0 JUSTIN BALL VP ENROLLMENT MANAGEMENT 168823 0 0 0 1032 0 13854 0 13006 0 196715 0 0 0 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 211443 0 70000 0 15962 0 16685 0 13195 0 327285 0 0 0 JAKE HEUSER VP ADVANCEMENT 220239 0 0 0 960 0 16705 0 13038 0 250942 0 0 0 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 718285 0 75000 0 15459 0 19600 0 13038 0 841382 0 0 0 LEX AKERS DEAN, COLLEGE OF ENGINEERING 234345 0 0 0 780 0 13293 0 12963 0 261381 0 0 0 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING EN 169068 0 0 0 35945 0 9923 0 8447 0 223383 0 0 0 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL 197541 0 0 0 33000 0 15032 0 13038 0 258611 0 0 0 MATT O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 201339 0 0 0 780 0 15842 0 13195 0 231156 0 0 0 PART I, LINE 1A BRIAN WARDLE, MEN'S BASKETBALL COACH, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. WALTER ZAKAHI, SENIOR VP ACADEMIC AFFAIRS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. RALPH CHRISTOPHER REYNOLDS, VP ATHLETICS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE. A ILLINOIS FINANCE AUTHORITY SERIES 2008 A&B 861091967 45200FDZ9 2008-03-25 63775000 REFUND BONDS ISSUED ON 2/19/02 AND 4/17/07 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2017A & B 861091967 2017-09-19 50000000 CONSTRUCTION ON INSTRUCTIONAL BUILDING 0 0 0 C ILLINOIS FINANCE AUTHORITY SERIES 2017C 861091967 45204EWY0 2017-09-19 39500000 REFUND BONDS ISSUED ON 4/17/07 0 0 0 A 63775000 63139738 564514 70748 2010 0 1 1 1 B 50000000 326351 49673649 2019 0 0 1 1 C 39500000 39342401 157599 2018 1 0 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 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K SUPPLENTAL INFORMATION SCHEDULE K LINE 7 COLUMN B - ISSUANCE COST $564,514 X 25 1631988 FAIR MARKET VALUE X 2 1428 RECEIPTS X USE OF AUTOS 12 63371 LEASE VALUE X PARENT'S BOARD 31 8115 RECEIPTS X ATHLETIC SUPPORT 3 6000 RECEIPTS X ACADEMIC SUPPORT 1 3000 RECEIPTS 28 0 1 0 PART I, COLUMN (B): LINE 9: NUMBER OF EACH CONTRIBUTOR (DONORS) LINE 19: NUMBER OF CONTRIBUTORS (DONORS) LINE 25: NUMBER OF EACH SEPARATE GIFT LINE 26: NUMBER OF ITEMS CONTRIBUTED LINE 27: NUMBER OF EACH SEPARATE GIFT LINE 28: NUMBER OF EACH SEPARATE GIFT FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DETAIL IS PREPARED BY THE ASSOCIATE CONTROLLER AND ASSISTANT CONTROLLER. THE ENTIRE FORM IS THEN REVIEWED AND APPROVED BY THE CHIEF OPERATIONS OFFICER. THEREAFTER, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO SUBMISSION TO THE ENTIRE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE TRUSTEES OF THE BOARD COMPLETE CONFLICT OF INTEREST FORMS. FORMS ARE REVIEWED AND DISCLOSED TO THE EXECUTIVE COMMITTEE AS APPROPRIATE. CONFLICT OF INTEREST FORMS ARE ALSO COMPLETED ANNUALLY BY OFFICERS AND KEY EMPLOYEES. FORMS ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT'S CONFLICT OF INTEREST FORM IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEEES. FACULTY MUST CERTIFY TO THEIR DEPARTMENT CHAIRS ON AN ANNUAL BASIS THEIR COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF COMMITMENT AND CONFLICT OF INTEREST POLICIES BY COMPLETING A FORM. THE DEPARTMENT CHAIR FORWARDS THESE CERTIFICATIONS TO THE PROVOST. IF THERE IS A CONFLICT, AN AD HOC DISCLOSURE FORM IS COMPLETED. AFTER DEPARTMENT CHAIR REVIEWS, THIS FORM IS FORWARDED TO THE DEAN, THEN PROVOST FOR APPROVAL OF DETERMINATION. CERTAIN ADMINISTRATIVE AND PROFESSIONAL STAFF AT THE UNIVERSITY ARE ALSO REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS. THESE FORMS ARE THEN REVIEWED BY THEIR DIRECTORS AND FORWARDED TO THE APPROPRIATE VICE PRESIDENT FOR REVIEW, APPROVAL, AND DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S COMPENSATION BASED UPON FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. THE UNIVERSITY PRESIDENT DETERMINES COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES BASED UPON COMPENSATION SURVEYS. THIS IS THEN SUBMITTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SWAP CONTRACT LOSS -1,056,418. CHANGES IN SPLIT DOLLAR INTEREST -223,727. LOSS ON DISPOSAL OF ASSET -987,343. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.