2021-04-08T12:54:09-05:00 2020-05-31 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2019-06-01 750926755 University of Dallas % DEBORAH ZIMMERMAN UNIV 9727215000 1845 E Northgate Dr Irving TX 75062 ROBERT WATLING CFO 9727215236 2021-04-15 true Jeanette Verrelli P00742631 9727028262 2019 2022-09-23 18:48:47Z Jonathan Sanford 1845 E Northgate Dr Irving TX 75062 98035017 false X www.udallas.edu X 1956 TX THE UNIVERSITY OF DALLAS IS DEDICATED TO THE PURSUIT OF WISDOM, OF TRUTH, AND OF VIRTUE AS THE PROPER AND PRIMARY ENDS OF EDUCATION. (CONTINUED ON SCH. O...) 38 37 1453 300 26469 0 5185923 7430686 88608078 87639123 3356995 2798449 279062 126532 97430058 97994790 38634690 40558696 0 0 38046423 37105669 0 0 1798737 24094510 22772462 100775623 100436827 -3345565 -2442037 171119279 173302623 38190948 42036149 132928331 131266474 X THE UNIVERSITY OF DALLAS IS DEDICATED TO THE PURSUIT OF WISDOM, OF TRUTH, AND OF VIRTUE AS THE PROPER AND PRIMARY ENDS OF EDUCATION. THE UNIVERSITY SEEKS TO EDUCATE ITS STUDENTS SO THEY MAY DEVELOP THE INTELLECTUAL AND MORAL VIRTUES, PREPARE THEMSELVES FOR LIFE AND WORK IN A PROBLEMATIC AND CHANGING WORLD, AND BECOME LEADERS ABLE TO ACT RESPONSIBLY FOR THEIR OWN GOOD AND FOR THE GOOD OF THEIR FAMILY, COMMUNITY, COUNTRY, AND CHURCH. false false 7540261 338111 12102377 THE SATISH & YASMIN GUPTA COLLEGE OF BUSINESS IS A PROFESSIONAL SCHOOL WHOSE PRIMARY PURPOSE IS TO PREPARE ITS STUDENTS TO BECOME COMPETENT AND RESPONSIBLE MANAGERS WHO ARE PRINCIPLED AND MORAL LEADERS. TO ACCOMPLISH THIS PURPOSE, WE SELECT AND RETAIN A DIVERSE AND TALENTED FACULTY AND STAFF. WE ENCOURAGE OUR FACULTY TO ENGAGE IN REAL WORLD PRACTICES THAT SUPPORT THEIR TEACHING AND RESEARCH AGENDAS. OUR FACULTY EMPHASIZE TEACHING AND LEARNING AND ENGAGE IN BASIC, APPLIED, AND PEDAGOGICAL RESEARCH. 63627678 38870722 70983707 THE CONSTANTIN COLLEGE OF LIBERAL ARTS SEEKS TO EDUCATE STUDENTS OF SERIOUSNESS, INTELLIGENCE AND SPIRIT IN ACCORDANCE WITH THE FUNDAMENTAL MISSION OF THE UNIVERSITY OF DALLAS - THE SPECIFIC MISSION OF THE CONSTANTIN COLLEGE IS TO PROVIDE UNDERGRADUATE EDUCATION THROUGH BACCALAUREATE DEGREE PROGRAMS WHICH INCLUDE A SUBSTANTIAL AND COHERENT CORE CURRICULUM COMMON TO ALL UNDERGRADUATES AND MAJOR STUDIES IN THE HUMANITIES AND SCIENCES PROPER TO LIBERAL LEARNING. THE CORE CURRICULUM EMPHASIZES THE STUDY OF THE GREAT DEEDS AND WORKS OF WESTERN CIVILIZATION, BOTH ANCIENT AND MODERN...(CONTINUED ON SCHEDULE O) 1835867 1001051 2390120 The Braniff Graduate School seeks to accomplish at the highest level the universitys commitment to the revival of the Western heritage of liberal education, the recovery of the Christian intellectual tradition and the renewal of Catholic theology in fidelity to the Church and in constructive dialogue with the modern world. Its specific purpose is to offer selected masters and doctoral programs in the liberal arts which recall these disciplines to their first principles and which will prepare students for careers in a variety of fields....(CONTINUED ON SCHEDULE O) 1823914 54076 1447739 NEUHOFF SCHOOL OF MINISTRY 8930853 293736 715180 OTHER 10754767 347812 2162919 83758573 true true false false false false false false false true true true false false true true true false true true true false false false true false false true true true true false false false false false false true false false false true false false false false false false false false true 283 0 1453 true true true true IT false false false true true false false false false false false X 38 37 false false false false false false false true true false false true true true true true true true true false NH X DEBORAH ZIMMERMAN 9727215177 1845 EAST NORTHGATE DR Irving TX 75062 X John Plotts executive vice president 40.0 0.0 X 291150 0 51886 KARIN RILLEY VP LEGAL & BOARD END 12/2019 40.0 0.0 X 260712 0 28787 JONATHAN SANFORD Provost 40.0 0.0 X 236760 0 50823 BRETT LANDRY DEAN COLLEGE OF BUSINESS 40.0 0.0 X 210955 0 51001 SRINATH BELDONA Assoc Dean-Faclty/Prof-COB 40.0 0.0 X 188173 0 47596 SALLY HICKS Interim Dean Constantin Coll. 40.0 0.0 X 176117 0 38209 THOMAS HIBBS PRESIDENT 40.0 0.0 X X 184346 0 29802 JAMES WHITTINGTON PROFESSOR, MANAGEMENT, COB 40.0 0.0 X 164656 0 39466 PETER HATLIE VP/DEAN ROME CAMPUS 40.0 0.0 X 148200 0 32088 BRIAN MURRAY Interim CFO-end12/19/Assc Prof 40.0 0.0 X 153340 0 22039 GREG BELL Assoc Dean-Acad/Assoc Prof-COB 40.0 0.0 X 158721 0 9879 YIWEN GU ASSOCIATE PROFESSOR, COB 40.0 0.0 X 141411 0 16972 SUE CONGER PROFESSOR, COB 40.0 0.0 X 137466 0 17979 JASON TRUJILLO VP ADVANCEMENT START 6/2019 40.0 0.0 X 132426 0 18877 JOSHUA PARENS DEAN BRANIFF GRADUATE SCHOOL 40.0 0.0 X 111090 0 38930 THEODORE WHAPHAM Dean School of MinistrY 40.0 0.0 X 104970 0 38626 JOAN CANTY VP Advancement, END 6/2019 40.0 0.0 X 114754 0 8046 LEONARD ROBERTSON AVP ADMIN & FINANCE END 9/2019 40.0 0.0 X 81483 0 12087 KATHERINE MCGRAW Registrar END 3/2020 40.0 0.0 X 70324 0 15289 MIKE MAGUSIAK TRUSTEE, Adjunct Professor 5.0 0.0 X 1500 0 0 RICHARD HUSSEINI CHARIMAN 1.0 0.0 X X 0 0 0 LAURA FELIS QUINN VICE CHAIR 1.0 0.0 X X 0 0 0 EDWARD BISHOP BURNS CHANCELLOR 1.0 0.0 X X 0 0 0 ANDREW FARLEY NAB PRESIDENT 1.0 0.0 X X 0 0 0 TERRY O'HALLORAN TREASURER 1.0 0.0 X X 0 0 0 BRIDGETT WAGNER SECRETARY 1.0 0.0 X X 0 0 0 CHARLES BAUMANN TRUSTEE 1.0 0.0 X 0 0 0 WIN BELL TRUSTEE 1.0 0.0 X 0 0 0 MARY DEVLIN CAPIZZI TRUSTEE 1.0 0.0 X 0 0 0 J BARRY CLARK TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL BISHOP DUCA TRUSTEE 1.0 0.0 X 0 0 0 KEVIN CARDINAL FARRE TRUSTEE 1.0 0.0 X 0 0 0 EMMET FLOOD TRUSTEE 1.0 0.0 X 0 0 0 LOUIS GRABOWSKY TRUSTEE 1.0 0.0 X 0 0 0 PATRICK HAGGERTY TRUSTEE 1.0 0.0 X 0 0 0 KEVIN HASSON TRUSTEE 1.0 0.0 X 0 0 0 GREGORY HOELSCHER TRUSTEE 1.0 0.0 X 0 0 0 CARY HYDEN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM KEFFLER TRUSTEE 1.0 0.0 X 0 0 0 ANNMARIE KELLY TRUSTEE 1.0 0.0 X 0 0 0 GREGORY BISHOP KELLY TRUSTEE 1.0 0.0 X 0 0 0 MARY MANNING TRUSTEE 1.0 0.0 X 0 0 0 RANDALL MUCK TRUSTEE 1.0 0.0 X 0 0 0 THOMAS NEALON TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH NUEHOFF TRUSTEE 1.0 0.0 X 0 0 0 nathaniel PARKER TRUSTEE 1.0 0.0 X 0 0 0 MARY RITTER TRUSTEE 1.0 0.0 X 0 0 0 LEN RUBY TRUSTEE 1.0 0.0 X 0 0 0 MARK BISHOP SEITZ TRUSTEE 1.0 0.0 X 0 0 0 NICHOLAS SERAFY JR TRUSTEE 1.0 0.0 X 0 0 0 MEGAN SMITH TRUSTEE 1.0 0.0 X 0 0 0 PATRICK STARK TRUSTEE 1.0 0.0 X 0 0 0 Julie Weber TRUSTEE 1.0 0.0 X 0 0 0 Jean White TRUSTEE 1.0 0.0 X 0 0 0 ALBERT ZAPANTA TRUSTEE 1.0 0.0 X 0 0 0 THOMAS ZELLERS TRUSTEE 1.0 0.0 X 0 0 0 HEATHER LACHENAUER GENERAL COUNSEL START 5/2020 40.0 0.0 X 0 0 0 ROBERT WATLING CFO START 1/2020 40.0 0.0 X 0 0 0 MARISA DARBY REGISTRAR START 3/2020 40.0 0.0 X 0 0 0 3068554 0 568382 41 false true false ARAMARK CORPORATION 27310 NETWORK PL CHICAGO IL 606731273 FOOD SERVICES 3378341 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 STUDENT 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UNCERTAIN TAX POSITIONS: The University is recognized as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). The University may be subject to federal and state income taxes on any net income from unrelated business activities. The University files a Form 990 (Return of Organization Exempt from Income Tax) annually and unrelated business income tax Form 990-T, as appropriate. Management has evaluated their material tax positions, which include such matters as the tax-exempt status and various positions relative to potential sources of unrelated business income tax (UBIT). As of May 31, 2020 and 2019, there were no uncertain tax positions that had not been recognized as a liability. Forms 990 and 990-T filed by the University and are no longer subject to examination by the Internal Revenue Service for the fiscal years ended May 31, 2016 and prior. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO SUPPORT THE INSTITUTION'S LONG TERM MISSION BY PROVIDING THE FINANCIAL STRENGTH NECESSARY TO CARRY OUT THE MISSION'S OPERATIONS. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH RETURN: SCHOLARSHIPS $(40,390,532) SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH RETURN: FUNDRAISING EXPENSES $ (8,827) PASS-THROUGH INCOME FROM K-1 $ (6,779) DIRECT RENT EXPENSES $(31,400) --------- TOTAL $(47,006) SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH RETURN: FUNDRAISING EXPENSES $ 8,827 BOND SWAP LOSS $681,835 DIRECT RENT EXPENSES $ 31,400 ------------- TOTAL $722,062 SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH RETURN: SCHOLARSHIPS $40,390,532 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 2 STATEMENT OF RACIALLY NONDISCRIMINATORY POLICY: THE UNIVERSITY IS RACIALLY NONDISCRIMINATORY TOWARD ALL STUDENTS IN ACCORDANCE WITH ITS MISSION AND CORE PRINCIPLES. THE POLICY IS POSTED ON KEY RECRUITING PIECES SUCH AS THE VIEW BOOK, THE WEBSITE, THE STUDENT HANDBOOK, THE UNIVERSITY CATALOG AS WELL AS THE COMMON APPLICATION AND APPLY TEXAS PROGRAM. SCHEDULE E, PART I, LINE 3 EXPLANATION OF NONDISCRIMINATION POLICY: PURSUANT TO REV. PROC. 75-50, THE UNIVERSITY IS NOT REQUIRED TO USE THE NEWSPAPER. HOWEVER, THE NONDISCRIMINATORY POLICY IS PUBLISHED ON ITS WEBSITE WHICH WE VIEW AS A BROADCAST MEDIA THAT SERVES THE GENERAL PUBLIC. IN ADDITION THE POLICY IS PROMOTED DURING STUDENT SOLICITATION TRIPS BY THE OFFICE OF ADMISSIONS WHEN THE SUBJECT IS RAISED. FINALLY THE GENERAL PUBLIC IS AWARE OF THE UNIVERSITY'S RACIAL NONDISCRIMINATION POLICY BECAUSE OF THE UNIVERSITY'S CLOSE ASSOCIATION WITH THE DIOCESE OF DALLAS. DATA IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVED ASSISTANCE FOR STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF: SUBSIDIZED AND UNSUBSIDIZED DIRECT LOANS, PARENTS AND GRADUATE PLUS LOANS, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG) AND PELL GRANTS. ADDITIONAL ASSISTANCE WAS RECEIVED FROM THE TEXAS HIGHER EDUCATION COORDINATION BOARD IN THE FORM OF TEXAS EQUALIZATION GRANTS AND COLLEGE ACCESS LOANS. TSBPA SCHOLARSHIPS ARE PROVIDED FOR THE FIFTH YEAR ACCOUNTING STUDENTS NEEDING FINANCIAL ASSISTANCE. Europe (Including Iceland and Greenland) 1 22 Program Services ROME CAMPUS 1501811 Central America and the Caribbean 0 0 Investments 3217897 Europe (Including Iceland and Greenland) 0 0 Unrelated Trade or Business 65788 1 22 1 22 4785496 4785496 false false false true false false GOLF TOURNAMENT 30550 25938 4612 0 0 7500 0 0 1327 0 30550 25938 4612 0 0 7500 0 0 1327 8827 -4215 true DALLAS CHILDRENS ADVOCACY CENTER 5351 SAMUELL BOULEVARD DALLAS TX 75228 752303404 501(C)(3) 11175 CHARITY WEEK TO SUPPORT DCAC IN MY SHOES 4500 W DAVIS STREET DALLAS TX 75211 463543853 501(C)(3) 11175 CHARITY WEEK TO SUPPORT IN MY SHOES 2 SCHOLARSHIP - UD AWARDS 3183 37848978 SCHOLARSHIP - TEG GRANTS 363 1298287 SCHOLARSHIP - NATIONAL MERIT 55 1257032 SCHOLARSHIP - S EOG GRANT 86 131550 SCHEDULE I, PART I, LINE 2 PROCEDURE FOR MONITORING USE OF GRANTS: ALL GRANT FUNDS ARE DETERMINED AND AWARDED BY THE OFFICE OF ENROLLMENT MANAGEMENT AND STUDENT FINANCIAL AID CONSISTENT WITH THE UNIVERSITY'S POLICIES AS WELL AS FEDERAL AND STATE GUIDELINES. GRANTEES MUST MAINTAIN PREDETERMINED ACADEMIC LEVELS IN ORDER TO QUALIFY FOR SUBSEQUENT GRANTS. THE SCHOOL HAS AN ANNUAL CHARITY WEEK WHERE STUDENTS RAISE FUNDS AND VOTE ON ORGANIZATIONS TO GIVE DONATIONS. THE UNIVERSITY DOES NOT MONITOR ANY USE OF THE ASSISTANCE GIVEN TO THE CHOSEN ORGANIZATIONS. THE PURPOSE OF CHARITY WEEK IS TO TEACH THE STUDENTS THE VALUE OF GIVING TO CHARITIES THEY BELIEVE ARE WORTH GIVING ASSISTANCE. X X true true X X X X false false false false false false false false false John Plotts executive vice president 288972 0 0 0 2178 0 19600 0 32535 0 343285 0 0 0 JONATHAN SANFORD Provost 236340 0 0 0 420 0 16905 0 34167 0 287832 0 0 0 BRIAN MURRAY Interim CFO-end12/19/Assc Prof 147327 0 175 0 5838 0 10248 0 12040 0 175628 0 0 0 KARIN RILLEY VP LEGAL & BOARD END 12/2019 239029 0 0 0 21683 0 9775 0 19575 0 290062 0 0 0 SALLY HICKS Interim Dean Constantin Coll. 175921 0 0 0 196 0 12950 0 25508 0 214575 0 0 0 PETER HATLIE VP/DEAN ROME CAMPUS 147942 0 0 0 258 0 10495 0 23818 0 182513 0 0 0 SRINATH BELDONA Assoc Dean-Faclty/Prof-COB 178860 0 175 0 9138 0 11041 0 37254 0 236468 0 0 0 JAMES WHITTINGTON PROFESSOR, MANAGEMENT, COB 164260 0 0 0 396 0 10778 0 28781 0 204215 0 0 0 GREG BELL Assoc Dean-Acad/Assoc Prof-COB 158631 0 0 0 90 0 9879 0 1592 0 170192 0 0 0 THOMAS HIBBS PRESIDENT 168153 0 0 0 16193 0 12250 0 17677 0 214273 0 0 0 JASON TRUJILLO VP ADVANCEMENT START 6/2019 132036 0 0 0 390 0 0 0 19235 0 151661 0 0 0 BRETT LANDRY DEAN COLLEGE OF BUSINESS 210817 0 0 0 138 0 15024 0 37906 0 263885 0 0 0 JOSHUA PARENS DEAN BRANIFF GRADUATE SCHOOL 110832 0 0 0 258 0 8047 0 31388 0 150525 0 0 0 YIWEN GU ASSOCIATE PROFESSOR, COB 141351 0 0 0 60 0 7926 0 10862 0 160199 0 0 0 SUE CONGER PROFESSOR, COB 136230 0 1236 8121 10108 155695 0 SCHEDULE J, PART I, LINE 1A BENEFITS PROVIDED TO PERSONS LISTED ON THE 990: THE UNIVERSITY, AS PART OF ITS EXECUTIVE COMPENSATION PROCESS, HAS AGREED TO PAY CERTAIN COSTS SUCH AS HOUSING, AUTOMOBILE AND SOCIAL CLUB DUES AND INCLUDES THESE PAYMENTS IN THE EXECUTIVE'S COMPENSATION AS TAXABLE INCOME. THE INDIVIDUALS AUTHORIZED TO RECEIVE SUCH PAYMENTS ARE ISOLATED TO SENIOR OFFICERS SUCH AS THE PRESIDENT, EXECUTIVE VICE PRESIDENT EXTERNAL AFFAIRS, VICE PRESIDENT OF ADVANCEMENT AND VICE PRESIDENT STUDENT ENROLLMENT. A METROPOLITAN HIGHER EDUCATION AUTHORITY INC 752714188 xxxxxxxxx 2015-10-15 14160000 REFUND 2008 MHE false false false A 1710000 0 14160000 0 0 0 173504 0 0 13986496 0 0 2010 true false true true A false false false false 0 false false false false A false true false false true true JP MORGAN CHASE 8.2 true false false 0 false false A false SCHEDULE K, PART I REFINANCED BONDS: SERIES 2008 REVENUE BOND ISSUE DATE 8/14/2008 SCHEDULE K, PART III, PART IV, LINE 7 & PART V POLICIES & PROCEDURES: THE UNIVERSITY IS IN THE PROCESS OF CREATING WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148 AND TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE IDENTIFIED AND CORRECTED IN A TIMELY MANNER. 148490 SCHOLARSHIP FINANCIAL ASSISTANCE X 7 30572 STOCK EXCHANGE false true false SCHEDULE M, PART I, LINE 9(B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE AMOUNT REPORTED REFLECTS THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 9(D) METHOD OF DETERMINING NONCASH CONTRIBUTION AMOUNTS: THE AMOUNT OF THE GIFT IS EQUAL TO THE AVERAGE OF THE STOCKS HIGH AND LOW VALUE ON THE DAY OF THE GIFT AS MEASURED ON THE STOCK EXCHANGE. FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: (CONTINUED FROM PAGE 1) ... THE UNIVERSITY SEEKS TO EDUCATE ITS STUDENTS SO THEY MAY DEVELOP THE INTELLECTUAL AND MORAL VIRTUES, PREPARE THEMSELVES FOR LIFE AND WORK IN A PROBLEMATIC AND CHANGING WORLD, AND BECOME LEADERS ABLE TO ACT RESPONSIBLY FOR THEIR OWN GOOD AND FOR THE GOOD OF THEIR FAMILY, COMMUNITY, COUNTRY, AND CHURCH. FORM 990, PART III, LINE 4B CONSTANTIN COLLEGE OF LIBERAL ARTS: (CONTINUED FROM PART III) ... The majors are built upon the core and invite students to disciplined inquiry into fundamental aspects of being and of our relation to God, to nature and to fellow human beings. The curriculum as a whole seeks to enable students to achieve the knowledge of nature and the understanding of the human condition necessary for them to comprehend the fundamental character of the world in which they are called to live and work. FORM 990, PART III, LINE 4C BRANIFF GRADUATE SCHOOL: (CONTINUED FROM PART III)... These programs seek to enable students to acquire the knowledge and skills necessary for work in particular fields and to understand the principles of learning and the virtues of mind and heart which are constitutive of excellence in their lifes work. FORM 990, PART III, LINE 4D OTHER PROGRAM EXPENSES: The mission of the Neuhoff School of Ministry is to provide theological education for Transformative service. Neuhoff School of Ministry students, immersed in the Catholic Theological tradition, develop critical skills for theological reflection and receive high quality education and information that is necessary for personal growth, professional ministry and transformative service to the Catholic Church, the broader Christian community and the wider world. The Neuhoff School of Ministry offers practice-oriented programs of theological studies and pastoral ministry including degrees, certificates, conferences, ongoing seminars, lectures and continuing education. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE BISHOP OF THE ROMAN CATHOLIC DIOCESE OF DALLAS, THE PRESIDENT OF THE UNIVERSITY, THE BOARD CHAIR, THE VICE CHAIR, THE CHAIR OF ALL THE STANDING COMMITTEES AND TWO (2) AT LARGE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS OF THE BOARD OF TRUSTEES IN THE INTERIM BETWEEN BOARD MEETINGS EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT SELL OR ALIENATE THE UNIVERSITY LAND, ALTER BYLAWS, OR APPOINT OR REMOVE THE PRESIDENT OF THE UNIVERSITY OR A MEMBER OF THE BOARD OF TRUSTEES. ALL DECISIONS OF THE COMMITTEE SHALL BE BY MAJORITY VOTE OF THE PARTICIPATING COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE FINANCIAL INFORMATION AND SUPPORTING DOCUMENTATION FOR FORM 990 ARE PROVIDED TO THE UNIVERSITY'S TAX ACCOUNTANTS FOR REVIEW AND PREPARATION. A DRAFT OF THE 990 IS REVIEWED BY MANAGEMENT STAFF AND THE CFO AND IS THEN SUBMITTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. FOLLOWING THE AUDIT COMMITTEE REVIEW, THE FORM 990 IS ELECTRONICALLY SUBMITTED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS USED TO MONITOR AND ENFORCE COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE UNIVERSITY OBTAINS DOCUMENTATION ON AN ANNUAL BASIS from All employees Director level and above, as well as certain key employees and Board members REGARDING POSSIBLE CONFLICTS OF INTEREST. TO THE EXTENT A TRUSTEE HAS A CONFLICT, THAT INDIVIDUAL IS NOT ALLOWED TO VOTE ON ANY ISSUE REGARDING THE ITEM IN CONFLICT. FORM 990, PART VI, SECTION B, LINES 15A & 15B PROCESS FOR DETERMINING COMPENSATION: THE UNIVERSITY COLLECTS WAGE AND BENEFIT INFORMATION ON UNIVERSITIES OF SIMILAR SIZE AND STATURE FOR THE PRESIDENT AND OTHER SELECTED OFFICER POSITIONS BASED ON THE INFORMATION IN THE SURVEYED SCHOOLS' FORM 990. THE UNIVERSITY ALSO COLLECTS ANNUAL WAGE AND COMPENSATION INFORMATION FROM THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) SURVEY FOR USE IN SALARY DETERMINATIONS. BASED ON THESE SURVEYS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES CHANGES TO THE SALARIES OF DEANS AND ABOVE. RECOMMENDED CHANGES MADE BY THE EXECUTIVE COMMITTEE TO THE PRESIDENT'S SALARY ARE REVIEWED BY THE FULL BOARD OF TRUSTEES. THE REVIEWS ARE DOCUMENTED IN THE EMPLOYEE FILES. AS additional Documentation, the Board signs the President's contract at the time of the review. FORM 990, PART VI, SECTION C, LINE 19 PROCESS USED TO MAKE DOCUMENTS AVAILABLE TO THE PUBLIC: THE UNIVERSITY DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR ITS GOVERNING DOCUMENTS. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: BOND SWAP LOSS $(681,835) PASS-THROUGH INCOME FROM K-1 6,779 --------------- TOTAL $(675,056)