2021-03-03T15:09:37-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-07-01 231413680 SALUS UNIVERSITY SALU 2157801400 8360 OLD YORK ROAD ELKINS PARK PA 19027 DONALD C KATES VP FINANCE 2157801400 2021-03-01 1 CONNIE M LIRA P00481097 2156433900 2021-03-01 2019 2022-09-23 18:48:47Z DR MICHAEL H MITTELMAN 8360 OLD YORK ROAD ELKINS PARK PA 19027 53415660 0 X WWW.SALUS.EDU X 1919 PA ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES 19 17 1045 17 0 0 5039477 4822063 46296168 45334602 175112 129248 827541 1883216 52338298 52169129 3147864 2282086 0 0 37573754 34190155 0 0 379775 12833061 14350885 53554679 50823126 -1216381 1346003 75050524 72160426 57709710 53473609 17340814 18686817 X THE MISSION OF SALUS UNIVERSITY IS TO ADVANCE INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES. 0 0 32863902 2282086 42959233 POST GRADUATE PROGRAM: SALUS UNIVERSITY IS A POST GRADUATE EDUCATIONAL INSTITUTION. THE UNIVERSITY PROGRAMS LEAD TO DOCTORAL DEGREES IN OPTOMETRY, AUDIOLOGY AND OCCUPATIONAL THERAPY, A PHD IN BIOMEDICINE, AND MASTER'S DEGREES IN MEDICAL SCIENCE, OCCUPATIONAL THERAPY, SPEECH AND LANGUAGE, LOW VISION REHABILITATION AND OTHERS. THE UNIVERSITY ENROLLS APPROXIMATELY 1,200 STUDENTS. DURING THE YEAR 356 STUDENTS EARNED DEGREES.IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE (COVID-19) A WORLDWIDE PANDEMIC. THE COVID-19 PANDEMIC IS HAVING SIGNIFICANT EFFECTS ON HIGHER EDUCATION, BUSINESSES, AND COMMUNITIES.AS A RESULT OF COVID-19, THE UNIVERSITY'S CAMPUS AND CLINICS WERE ORDERED TO CLOSE IN MARCH 2020. THE REMAINDER OF THE SPRING SEMESTER EDUCATION WAS DELIVERED THROUGH ONLINE LEARNING. SOME STUDENTS IN CLINICAL ROTATION HAD THEIR COURSE STUDY TEMPORARILY PAUSED UNTIL SUMMER AND FALL TERMS. COVID-19 MAY ALSO IMPACT VARIOUS PARTS OF THE UNIVERSITY'S FUTURE OPERATIONS AND FINANCIAL RESULTS, INCLUDING, BUT NOT LIMITED TO FLUCTUATIONS IN ENROLLMENT, LOSS OF CLINICAL AND AUXILIARY REVENUES, COST INCREASES IN TECHNOLOGY AND CLEANING THE FACILITIES. MANAGEMENT BELIEVES THE UNIVERSITY IS TAKING APPROPRIATE ACTIONS TO MITIGATE THE NEGATIVE IMPACT. HOWEVER, THE FULL IMPACT OF COVID-19 IS UNKNOWN AND CANNOT BE REASONABLY ESTIMATED AS THESE EVENTS ARE STILL DEVELOPING. 7506424 0 2642587 CLINICAL PROGRAM: THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 400 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDE EYE CARE, EAR CARE AND SPEECH AND LANGUAGE REHABILITATION TO OVER 50,000 PATIENTS A YEAR. 1203301 0 0 RESEARCH PROGRAM: THE UNIVERSITY RECEIVES FEDERAL, STATE AND PRIVATE GRANTS TO SUPPORT BASIC RESEARCH, CLINICAL RESEARCH, SPECIALIZED TRAINING AND STUDENT FINANCIAL AID. THESE AMOUNTS ARE EXPENDED PURSUANT TO THE GRANT AGREEMENT. 41573627 1 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 1 1 0 1 0 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1663 1 1 1045 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X DONALD C KATES 2157801240 8360 OLD YORK ROAD ELKINS PARK PA 19027 DR MICHAEL H MITTELMAN PRESIDENT 45.00 1.00 X X 466756 0 54629 MS JO SURPIN CHAIR 1.00 1.00 X X 0 0 0 DR DAN ABRAMOWICZ VICE CHAIR 1.00 1.00 X X 0 0 0 DR CRAIG CASSEY SECRETARY 1.00 1.00 X X 0 0 0 MS REBECCA DELIA TREASURER 1.00 1.00 X X 0 0 0 MS TERRI ALBERTSON TRUSTEE 1.00 1.00 X 0 0 0 DR DERRICK ARTIS TRUSTEE 1.00 0.00 X 0 0 0 DR THOMAS BEEMAN TRUSTEE 1.00 0.00 X 0 0 0 MR JAMES BRAND TRUSTEE 1.00 0.00 X 0 0 0 MR CHRISTOPHER DEZZI TRUSTEE 1.00 0.00 X 0 0 0 MR READE FAHS TRUSTEE 1.00 0.00 X 0 0 0 MS CAROLYN FORCINA TRUSTEE 1.00 0.00 X 0 0 0 MR KEITH D IGNOTZ TRUSTEE 1.00 1.00 X 0 0 0 MR JOYCE KOH TRUSTEE 1.00 0.00 X 0 0 0 MS SARA MITCHELL TRUSTEE 1.00 0.00 X 0 0 0 MS MICHELE PALOS-SAMSI TRUSTEE 1.00 0.00 X 0 0 0 MS ADRIENNE PHILLIPS TRUSTEE 1.00 0.00 X 0 0 0 MS JANE SCACCETTI TRUSTEE 1.00 1.00 X 0 0 0 DR HELENE M KAISER TRUSTEE/INSTRUCTOR 35.00 0.00 X 210097 0 31463 DR MARK BOAS TRUSTEE/INSTRUCTOR - LEFT DEC 2019 1.00 1.00 X 2000 0 0 MR DONALD C KATES VP FINANCE 45.00 1.00 X 213274 0 41476 MR BRIAN D ZUCKERMAN ESQ CHIEF OF STAFF 45.00 0.00 X 236524 0 42589 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 45.00 0.00 X 236106 0 36915 MR JOHN GAAL VP CLINIC OPERATIONS 45.00 0.00 X 180166 0 26288 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 35.00 0.00 X 259853 0 35227 DR MITCHELL SCHEIMAN DEAN RESEARCH 35.00 0.00 X 258126 0 31166 DR MARIA L PARISI FACULTY 35.00 0.00 X 243855 0 23567 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 35.00 0.00 X 222719 0 36668 DR JAMES CALDWELL DEAN STUDENT AFFAIRS 35.00 0.00 X 189540 0 29646 2719016 0 389634 91 0 1 0 PATRIOT CONSTRUCTION INC 950 CALCON HOOK ROAD SUITE 25 SHARON HILL PA 19075 CONSTRUCTION 880224 NEXTGEN HEALTHCARE PO BOX 80939 CHICAGO IL 60680 SOFTWARE FOR CLINICS 400547 CULINART INC PO BOX 417632 BOSTON MA 02241 DINING SERVICES 323293 SHARP'S LANDSCAPING INC 7911 N RADCLIFFE STREET BRISTOL PA 19007 LANDSCAPING & SNOW REMOVAL 306936 CLAUSS BROTHERS CONTRACTORS 2401 WYANDOTTE ROAD WILLOW GROVE PA 19090 PAVING AND CONCRETE 303933 33 227569 3144594 1449900 4822063 TUITION 611310 42959233 42959233 PATIENT CARE 611310 2375369 2375369 45334602 129248 129248 1119716 874267 245449 245449 245449 45000 18659 26341 26341 620823 353605 267218 267218 OTHER OPERATING INCOME 900099 771258 771258 MANAGEMENT FEE 900099 337260 337260 HAFTER FEES 900099 213212 213212 22478 22478 1344208 52169129 45601820 0 1745246 750000 750000 1532086 1532086 1572419 511772 1060647 24562156 21491682 2886141 184333 2108349 1856757 237050 14542 3872734 3310712 552507 9515 2074497 1755095 305943 13459 37970 4645 33325 89255 89255 69868 69868 3478818 3025368 445440 8010 201625 180305 21290 30 465717 367551 19627 78539 942746 262219 680527 2745832 2187564 558268 460654 384234 74062 2358 233279 219738 11099 2442 443506 293424 150082 2758381 2068786 689595 427437 285432 142005 MAINTENANCE 939909 536068 384199 19642 EVENT EXPENSES 294281 135466 135001 23814 761607 414723 323793 23091 50823126 41573627 8869724 379775 500 500 19014342 18062597 2327365 2395943 39057 43473 765130 794301 81733138 44948921 38132739 36784217 11460350 10104361 3311041 3975034 75050524 72160426 2590581 2578892 10323966 10908180 14578540 14096394 1677460 1347920 28539163 24542223 57709710 53473609 X 16987422 18341897 353392 344920 17340814 18686817 75050524 72160426 1346003 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69868 69868 50753258 50823126 1000000 250000 0 0 1000000 1000000 2000000 3000000 25139 69868 95007 250000 250000 500000 750000 46254055 983421 1036248 1656688 46617036 24807417 20839667 2125455 1518484 46254055 23361107 427117 1849435 830242 24807417 21186946 113539 2848168 787546 23361107 21969063 614107 -471833 924391 21186946 0.84660 0.06590 0.08750 0 1 1 1460722 1460722 19989967 11726743 8263224 38361060 16401914 21959146 21420513 16820264 4600249 500876 500876 36784217 GOVERMENT LOANS TO STUDENTS 10104361 F 10104361 DUE FROM RELATED PARTY 2977910 OTHER ASSETS 997124 3975034 GOVERNMENT ADVANCES 12342846 POST RETIREMENT BENEFITS 10191259 OTHER LIABILITIES 2008118 24542223 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION. THE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION'S ENDOWMENT CONSISTS OF A PORTFOLIO OF ACTIVELY MANAGED FUNDS ESTABLISHED TO PROVIDE BOTH A SOURCE OF OPERATING FUNDS AS WELL AS LONG-TERM FINANCIAL STABILITY. THE ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS OR QUASI ENDOWMENTS. ENDOWMENT FUNDS MAY HAVE PURPOSE RESTRICTIONS ON USE OF THE INCOME, SUCH AS SCHOLARSHIPS, PROFESSORSHIPS, AND RESEARCH. BOARD DESIGNATED FUNDS ARE DIRECTED TO SUPPORT THE OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES FEDERAL TAX FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY FOR INFORMATIONAL PURPOSES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTIES IN INCOME TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. 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 HAS A WRITTEN POLICY ESTABLISHING ITS NON-DISCRIMINATION POLICY. IT IS PUBLISHED IN SALUS MAGAZINE, SALUS VIEW BOOK, THE STUDENT HANDBOOK, THE APPLICATION FOR ADMISSIONS AND IS PUBLICLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. SALUS VIEW BOOK IS DISTRIBUTED BY ADMISSIONS TO POTENTIAL APPLICANTS. SCHEDULE E, PART I, LINE 6 STUDENTS MAY RECEIVES FUNDING FROM THE FEDERAL GOVERNMENT IN THE FORM OF DIRECT UNSUBSIDIZED STUDENT LOANS, GRADUATE PLUS LOANS AND FEDERAL WORK STUDY AWARDS. SCHOLARSHIPS AND GRANT ASSISTANCE MAY COME FROM A VARIETY OF SOURCES INCLUDING INSTITUTIONAL, PRIVATE AND GOVERNMENTAL PROGRAMS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TEACHING & EDUCATIONAL AWARENESS 31311 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TEACHING & EDUCATIONAL AWARENESS 7600 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TEACHING & EDUCATIONAL AWARENESS 15180 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITING 11521 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATIONAL AWARENESS 11650 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TEACHING & EDUCATIONAL AWARENESS 15119 0 0 0 0 0 0 92381 0 92381 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 45000 15000 3659 0 0.00000 45000 15000 3659 18659 26341 PA 1 0 1 0 1.00000 0.00000 JACQUELINE PATTERSON VP INSTITUTIONAL ADVANCEMENT 8360 OLD YORK ROAD ELKINS PARK PA 19027 0 JACQUELINE PATTERSON VP INSTITUTIO 0 X 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION 8360 OLD YORK ROAD ELKINS PARK PA 19027 233030893 501(C)(3) 750000 0 SUPPORT LONG-TERM UNIVERSITY NEEDS 1 0 SCHOLARSHIPS 314 1532086 0 N/A N/A PART I, LINE 2: AS PART OF UNIVERSITY OPERATIONS THE UNIVERSITY AND ITS RELATED FOUNDATION TRANSFER FUNDS AS NEEDED TO SUPPORT THE MUTUAL NEEDS OF THE SEPARATE ENTITIES. WHEN THIS OCCURS THE SHARED MANAGEMENT AND OVERLAPPING GOVERNANCE OF THE ENTITIES ENSURES ALL FUNDS ARE USED FOR THEIR INTENDED PURPOSES. THE UNIVERSITY PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE UNIVERSITY; THEREFORE, NO FUNDS ARE PAID DIRECTLY TO RECIPIENTS, RATHER ALL FUNDS GRANTED ARE USED TO DEFRAY THE COST OF TUITION AND NO FURTHER MONITORING OF THE GRANTS ARE REQUIRED. X X X 0 0 0 0 0 0 0 1 0 DR MICHAEL H MITTELMAN PRESIDENT 416756 0 50000 0 0 0 46596 0 8033 0 521385 0 0 0 DR HELENE M KAISER TRUSTEE/INSTRUCTOR 210097 0 0 0 0 0 13835 0 17628 0 241560 0 0 0 MR DONALD C KATES VP FINANCE 213274 0 0 0 0 0 22749 0 18727 0 254750 0 0 0 MR BRIAN D ZUCKERMAN ESQ CHIEF OF STAFF 218094 0 18430 0 0 0 23862 0 18727 0 279113 0 0 0 DR BARRY ECKERT VICE PRESIDENT AND PROVOST 236106 0 0 0 0 0 21167 0 15748 0 273021 0 0 0 MR JOHN GAAL VP CLINIC OPERATIONS 180166 0 0 0 0 0 18255 0 8033 0 206454 0 0 0 DR MELISSA TREGO DEAN COLLEGE OF OPTOMETRY 248313 0 0 0 11540 0 25959 0 9268 0 295080 0 0 0 DR MITCHELL SCHEIMAN DEAN RESEARCH 236508 0 0 0 21618 0 23134 0 8032 0 289292 0 0 0 DR MARIA L PARISI FACULTY 153263 0 0 0 90592 0 13835 0 9732 0 267422 0 0 0 DR RADKIKA ARAVAMUDHAN DEAN COLLEGE OF AUDIOLOGY 208834 0 0 0 13885 0 20668 0 16000 0 259387 0 0 0 DR JAMES CALDWELL DEAN STUDENT AFFAIRS 189540 0 0 0 0 0 19914 0 9732 0 219186 0 0 0 PART I, LINE 7 BRIAN D. ZUCKERMAN, ESQ., RECEIVED AN ADDITIONAL PAYMENT OF $18,430 BASED ON THE REDUCTION IN LEGAL FEES. THIS AMOUNT IS INCLUDED IN TAXABLE COMPENSATION. A NORTH PENN HEALTH HOSPITAL AND EDUCATION AUTHORITY 232130191 2016-07-15 14425000 REFUNDING 2012 BONDS AND CAPITAL IMPROVEMENTS 0 1 0 A 247582 14425000 32000 5222820 6128532 3041648 1 0 0 1 A 0 0 1 1 1 1 0.03190 0.00000 0.03190 0 0 1 A 0 1 0 0 1 0 0 1 1 A 1 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE CHAIRPERSON OF THE BOARD OF TRUSTEES WHO SHALL ALSO BE THE CHAIR OF THE COMMITTEE, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIRPERSONS OF EACH STANDING COMMITTEE OF THE BOARD WHO SHALL BE APPOINTED FOR A TERM OF ONE YEAR BY THE CHAIRPERSON OF THE BOARD. THE PRIMARY RESPONSIBILITY OF THE EXECUTIVE COMMITTEE IS TO STRENGTHEN THE BOARD'S PERFORMANCE BY HELPING IT FUNCTION EFFICIENTLY AND EFFECTIVELY. ITS BROAD POWERS SHALL BE USED ONLY AS NECESSARY AND APPROPRIATE ON ROUTINE BUSINESS OR EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DELAYED UNTIL THE BOARD'S NEXT REGULARLY SCHEDULED MEETING OR UNTIL A SPECIAL MEETING OF THE BOARD SHOULD BE CALLED AS SPECIFIED IN THE BYLAWS. THE COMMITTEE SHALL HAVE ALL POWERS OF THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION, PRESIDENT'S COMPENSATION, TRUSTEE AND BOARD OFFICER SELECTION, CHARTER AND BYLAW AMENDMENT, CHANGING THE UNIVERSITY'S MISSION, INCURRING CORPORATE INDEBTEDNESS, APPROVAL OF ANNUAL BUDGET AND CONFERRAL OF DEGREES. THE EXECUTIVE COMMITTEE MEETS IN PERSON OR VIA CONFERENCE FOR MONTHLY UPDATES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO MANAGEMENT AND THE AUDIT COMMITTEE OF SALUS UNIVERSITY ON A SECURE NETWORK. EACH COMMITTEE MEMBER IS PROVIDED THE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO FILING. THE FULL BOARD IS PROVIDED THE OPPORTUNITY TO REVIEW THE FORM 990 AS IT WILL BE FILED PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE UNIVERSITY IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE UNIVERSITY. THE UNIVERSITY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE REVIEWED BY THE PRESIDENT'S OFFICE AND COUNSEL, AND PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR DETERMINATION IF AN ACTUAL CONFLICT EXISTS. IN ADDITION TO THE QUESTIONNAIRE, ALL TRANSACTIONS ARE SUBJECT TO INTERNAL SIGN OFF REQUIREMENTS BASED ON AMOUNTS; ANY TRANSACTIONS ABOVE $5,000 ARE REVIEWED BY CHIEF OF STAFF AND COUNSEL; THIS REVIEW CONSIDERS POSSIBLE CONFLICTS. IF A CONFLICT WERE TO ARISE, DEPENDING ON THE NATURE OF THE CONFLICT, THE INDIVIDUAL WOULD EITHER BE RECUSED FROM MATTERS INVOLVING THE CONFLICT OR COULD BE REQUIRED TO ELIMINATE THE CONFLICT OR RESIGN. IF A CONFLICT WERE TO BE IDENTIFIED AFTER THE TRANSACTION OCCURRED IT WOULD BE THOROUGHLY REVIEWED TO ENSURE NO TRANSGRESSION OR PRIVATE INUREMENT AND CORRECTIVE ACTION (IF NEEDED) WOULD TAKE PLACE. ACTUAL CONFLICTS OF INTEREST AND RELATED RESTRICTIONS FOR STAFF (OTHER THAN THE PRESIDENT) ARE DOCUMENTED IN THE PRESIDENT'S OFFICE; ACTUAL CONFLICTS OF INTEREST AND RELATED RESTRICTIONS FOR TRUSTEES ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IN DETERMINING COMPENSATION, THE BOARD RELIES UPON COMPARABILITY DATA OF INSTITUTIONS SIMILARLY SITUATED TO SALUS UNIVERSITY. THE DELIBERATIONS TO DETERMINE THE PRESIDENT'S COMPENSATION AND THE FINAL DETERMINATION ITSELF ARE DOCUMENTED IN THE BOARD COMMITTEE'S MINUTES. THIS REVIEW PROCESS LAST OCCURRED WITH THE PRESIDENT'S CONTRACT RENEWAL IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE ON THE SALUS WEBSITE. PENNSYLVANIA EAR INSTITUTE LLC 8380 OLD YORK ROAD ELKINS PARK PA 19027 202888384 HEALTHCARE PA 0 58083 SALUS UNIVERSITY PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION 8360 OLD YORK ROAD ELKINS PARK PA 19027 233030893 SUPPORT SALUS UNIVERSITY PA 501(C)(3) LINE 12A, I SALUS UNIVERSITY 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION B 750000 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION C 227569 CASH VALUE PENNSYLVANIA COLLEGE OF OPTOMETRY FOUNDATION L 255000 VALUE OF SERVICES