2021-05-11T14:22:10-05:00 2020-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2019-07-01 590624364 Barry University Inc BARR 3058993050 11300 NE 2nd Avenue Miami Shores FL 331616695 Susan Rosenthal VP for Business & Finance 3058993050 2021-05-11 1 Ted R Batson Jr P00721951 5055022746 2019 2022-09-23 18:48:47Z Dr Michael Allen 11300 NE 2nd Avenue Miami Shores FL 331616695 213458804 0 0928 X http://www.barry.edu X 1940 FL Barry University is a Catholic institution grounded in the liberal arts tradition, fostering a scholarly community commited to maintaining the highest academic standards in undergraduate, graduate, and professional education. 30 28 2589 125 26059 -1871 5098814 8894244 179443812 184785777 2042704 4046128 6154807 3590952 192740137 201317101 53393162 60918447 0 0 79494140 82173110 0 0 346091 60211608 56595860 193098910 199687417 -358773 1629684 220733342 218103852 104847765 101257753 115885577 116846099 X Barry University is a Catholic institution of higher education founded by the Adrian Dominican Sisters. With a liberal arts tradition, Barry University is a scholarly community committed to the highest academic standards in undergraduate, graduate and professional education. 0 0 130322601 60918447 169004512 Instructional services to graduate and undergraduate students:Based on Barry University's promise to go beyond the degree and provide a truly transformational experience, through the Catholic liberal arts heritage, Barry provides approximately 100 degree programs from bachelors through Ph.D.'s. The programs focus on arts and sciences, business, education, social work, communication, nursing, medical sciences, theology, or law. In addition, resources that include personalized research and experiential learning opportunities provide off-campus resources to further diversify the educational experience. Students are also encouraged to enhance their professional experience with potential provided by the prospects of hands-on internships at some of the country's top organizations. Along with their breadth of partnering organizations, the campus has also physically expanded to more than 122 acres and 17 locations throughout Florida, including seven Schools and two Colleges with numerous liberal arts and professional disciplines. The undergraduate, graduate, professional, and doctoral degree programs have been instrumental in providing these academic and professional resources to approximately 8,900 full and part-time students at multiple sites.In response to the COVID-19 pandemic, the campus has adopted a hybrid, flexible-learning platform that will be used in most in-person classes. The approach will allow both faculty and students to teach and learn either in-person or remote. Using government (i.e., CARES Act) funding, Barry purchased enhanced classroom computer technology to allow for a flexible, high-quality pedagogical experience. In some classes, where needed, we are using classroom facilitators (graduate assistants or undergraduate technical assistants) to assist faculty with teaching. Over the summer and throughout the academic year, Barry instituted a rigorous professional development program to support the faculty with this approach. 28130567 18765985 Student services and auxiliary enterprises: The Barry University student services provided by the student affairs division include career services, counseling and psychology, commuter student affairs, leadership and transition, intercultural center, student engagement and student activities, student union, volunteer services, and community outreach programs. The University's auxiliary enterprises include twelve student resident halls, the Roussell Dining Hall and a series of other dining halls, the Barry Bookstore, Campus Ministry and Cor Jesu Chapel, and health and wellness services that include the renovated Landon Fitness Center available to students and staff free of charge. 6710398 The Barry University academic support services include services such as an innovative library system, computer, and learning centers support. The Monsignor William Barry Memorial Library provides a wide array of information resources and services in support of the university's educational mission, integrating print and electronic resources, and providing a comprehensive program of service which allows broad access to information in all formats. The Barry University Library provides services over 100 hours a week, provides and maintains over 80 computer workstations and 12 laptops with wireless internet access, 14 group study rooms, and printing, copying, and scanning services. Barry University's mission and their dedication to the community are also clearly demonstrated by accolades and recognition, awarded to the school through its years of service. In 2015, Barry University received the Community Engagement Classification from the Carnegie Foundation for the Advancement of Teaching, joining 239 other U.S. colleges and universities, including 82 other inaugural recipients, in receiving the distinction. The Carnegie Foundation's Community Engagement Classification is an evidence-based recognition of an institution's commitment to community service.Barry University is part of a national library network. It's also home to the Barry University Dwayne O. Andreas School of Law, which houses an extensive collection of legal materials including Federal and State Statutes, case reporters and digests, monographs, treatises, secondary resources, legal periodicals, and newspapers, with a focus on Florida-specific legal resources. Reference librarians with law degrees are available to assist with research and reference for students, faculty, and members of the Orlando legal community. 165163566 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 9372 0 1 2589 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 30 28 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X Judith Penate 3058994042 11300 NE 2nd Avenue Miami Shores FL 331616695 Dr Michael Allen President 40.00 X X 245686 0 92974 Ronald Dick Professor, Anesthesiology 40.00 X 295019 0 20167 John Murray Provost 40.00 X 276177 0 33700 James Losito Professor, Podiatric Medicine 40.00 X 270381 0 32248 John McFadden Dean, Nursing & Health Sciences 40.00 X 275270 0 20120 Susan Rosenthal VP for Business & Finance 40.00 X 235194 0 33938 Leticia Diaz Dean, Law 40.00 X 229590 0 35249 Yvette Koottungal Vice President for Enrollment & Digital Strategies 40.00 X 214504 0 33259 Thomas Merrill Professor, Surgery 40.00 X 203585 0 31280 Jacqueline Brill Associate Professor, Podiatric Medicine 40.00 X 196045 0 32809 Charles Southerland Professor, Podiatric Medicine 40.00 X 197260 0 25184 Jennifer Pugh VP for University Administration 40.00 X 180522 0 33166 Scott Smith VP for Mission & Student Engagement 40.00 X 189575 0 23258 David Dudgeon General Counsel 40.00 X 162249 0 21304 John M Bussel Trustee/Chairperson 1.00 X X 0 0 0 Gerald W Moore Esq Vice Chairperson 1.00 X X 0 0 0 Gregory Greene Vice Chairperson 1.00 X X 0 0 0 Michael O O'Neil Jr Secretary 1.00 X X 0 0 0 Tanya I Davis CPA Vice Chairperson 1.00 X X 0 0 0 Sr Andrea J Balconis OP MD Trustee 1.00 X 0 0 0 Daniel F Bird PhD Trustee 1.00 X 0 0 0 Sister Mary Ann Caulfield OP Trustee 1.00 X 0 0 0 Edward Feenane Trustee 1.00 X 0 0 0 Sr Rosemary T Finnegan OP Trustee 1.00 X 0 0 0 John D Fumagalli Trustee 1.00 X 0 0 0 Jorge A Gross CPA Trustee 1.00 X 0 0 0 Christopher J Gruchacz Trustee 1.00 X 0 0 0 William J Heffernan Trustee 1.00 X 0 0 0 Monsignor Chanel Jeanty JCL Trustee 1.00 X 0 0 0 Keith B Kashuk DPM Trustee 1.00 X 0 0 0 Joyce Landry Trustee 1.00 X 0 0 0 Charles R Modica JD Trustee 1.00 X 0 0 0 William R O'Donnell PE SECB Trustee 1.00 X 0 0 0 Phillis Oeters Trustee 1.00 X 0 0 0 Eduardo A Otero MD MBA Trustee 1.00 X 0 0 0 Aletha Player Trustee 1.00 X 0 0 0 John G Primeau Trustee 1.00 X 0 0 0 Heather J Rohan FACHE Trustee 1.00 X 0 0 0 Donald S Rosenberg Esq Trustee 1.00 X 0 0 0 Joel H Sharp Jr Esq Trustee 1.00 X 0 0 0 Kevin W Shaughnessy Esq Trustee 1.00 X 0 0 0 Sister Patricia Siemen OP JD Trustee 1.00 X 0 0 0 Sister Sharon Weber OP PhD Trustee 1.00 X 0 0 0 3171057 0 468656 110 0 1 0 Moss and Associates LLC 2101 N Andrews Ave Ft Lauderdale FL 33311 Construction Services 5396318 Compass Group PO Box 50196 Los Angeles CA 900740196 Food Services 4877841 GCA 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Custodial, Grounds Services 2547927 Allied Universal 161 Washington Street Suite 600 Ei Conshohocken PA 19428 Security Services 2240802 Relevant Brands Inc 800 Douglas Road La Puerta del Sol Coral Gables FL 33134 Marketing 1698584 32 28555 5459162 3406527 1099968 8894244 Tuition and Fees 900099 168224208 168224208 Auxilliary Enterprises 900099 13248229 13248229 Student fees 900099 1636610 1636610 Podiatric Clinic 900099 938814 938814 Athletic facilities 532000 737916 711857 26059 184785777 2815084 2815084 81199 81199 613745 0 613745 613745 613745 11999306 1187286 11755205 281542 244101 905744 1149845 1149845 71384 28555 104956 -33572 -33572 Reimbursements 900099 1410373 1410373 1600406 1600406 3010779 201317101 187770497 26059 4626301 60918447 60918447 2577742 2152071 416630 9041 182555 152419 29496 640 65815412 54985315 10604697 225400 1748280 1426677 314058 7545 7116636 5946847 1146204 23585 4732485 3954558 761010 16917 117244 29927 87317 693655 18183 675472 91766 91766 107467 57834 49633 5993999 4201855 1753538 38606 3017125 440258 2565274 11593 1957894 1712288 245450 156 6211929 857278 5349534 5117 8210434 7051289 1159145 1500017 1358845 136710 4462 259250 221064 36216 1970 3217881 2683989 533892 8702801 7377655 1325146 3691510 378526 3312984 Food Service 4534944 4159709 375068 167 Repairs & Maintenance 2139159 1680695 458464 Bad Debt 1692727 9833 1682894 Library Resources 1649515 1647633 1882 2806543 1740371 1065280 892 199687417 165163566 34177760 346091 22498819 15183649 3538956 499857 513886 6875875 8165259 9306971 10712100 238196754 119478926 120012038 118717828 37328409 39590576 6708904 6786397 7470695 8076484 10031774 6818717 220733342 218103852 16619932 12470124 1635621 1055852 63333418 60395738 1870558 2453268 21388236 24882771 104847765 101257753 X 82260281 81176368 33625296 35669731 115885577 116846099 220733342 218103852 X 1629684 -677056 7894 X 0 1 X 1 1 1 X 6389392 5334701 4671830 5098814 8894244 30388981 6389392 5334701 4671830 5098814 8894244 30388981 238763 30150218 1363605 1600488 1507068 2555750 3510028 10536939 5289563 5148071 2774843 5581767 3082163 21876407 62802327 902390506 0.48010 0.44550 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2015 Amount: $ 443,832. 2016 Amount: $ 129,869. 2017 Amount: $ 83,139. 2018 Amount: $ 54,822. 2019 Amount: $ 71,384. Other - 2015 Amount: $ 4,845,731. 2016 Amount: $ 5,018,202. 2017 Amount: $ 2,691,704. 2018 Amount: $ 5,526,945. 2019 Amount: $ 3,010,779. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 45000 0 1 46766 91766 0 Part II-B, Line 1: Between July 1, 2019 through June 30, 2020, Barry University, advocated for government support at the local, state and federal levels, in-person, via email, telephone and U.S. mail. As a member of the Independent Colleges and Universities of Florida (ICUF), Barry University, advocated for legislation that would expand government support and funding for independent colleges and universities. Further, as a member of the Hispanic Association of Colleges and Universities (HACU), Barry University appealed to elected officials for support of Hispanic-serving institutions. X 1 6.20 1 1 40.00 2000 186476 X 0 45448212 745043 422990 428749 194297 45993199 43980904 432963 1553590 486621 32624 45448212 40086142 1261107 2863414 130251 99508 43980904 36571919 222431 3467987 176195 40086142 36195517 393165 865160 881923 36571919 0.33740 0.66260 0 0 7803612 7803612 177571010 79965855 97605155 48887758 39513071 9374687 3934374 3934374 118717828 Student Deposits 10373634 Other 14509137 24882771 X 139861049 -677056 26600 112851 -537605 140398654 60918447 60918447 201317101 138900526 26600 104956 131556 138768970 60918447 60918447 199687417 Part II, Line 9: The University records the easement in its statement of financial position as part of the cost of the land purchased for the University's law school in Orlando. Part III, Line 4: The collection of books relates to theology, philosophy, religious studies, and supporting disciplines. Part V, Line 4: The University's unrestricted endowments are restricted by the University's Board of Trustees. The Board can appropriate as much of the net appropriation on board-designated endowments as is prudent considering the University's present and anticipated financial requirements, expected total return on investments, price level trends, and general economic conditions. The income derived from permanently restricted endowed funds is to be used for various programs sponsored by the University in accordance with the donor's wishes and is classified as restricted or net assets with donor restrictions, in accordance with the donor's wishes. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part X, Line 2: The University is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. Accordingly, the financial statements do not include an income tax provision, except for certain taxable transactions. The University complies with the provisions of Accounting Standards Codification (ASC) 740(formerly Financial Accounting Standards Board Interpretation (FASB) No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 ("FIN 48"). Under ASC 740, the University must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Management of the University does not believe there are any material uncertain tax positions and accordingly has not recognized any liability for unrecognized tax benefits. The University has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the University has filed Internal Revenue Service Form 990 tax returns as required and all other applicable returns in those jurisdictions where it is required. The University believes that it is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2017. However, the University is still open to examinations by taxing authorities from fiscal year 2017 forward. For the years ended June 30, 2020 and 2019, there was no interest or penalties recorded or included in the consolidated statements of activities and changes in net assets. Earnings from unrelated business activities were not significant for the years ended June 30, 2020 and 2019. Accordingly, no provision for income taxes has been made in accompanying consolidated financial statements. Part XI, Line 2d - Other Adjustments: Change in cash surrender value 7,895. Special event expenses 104,956. Part XI, Line 4b - Other Adjustments: Scholarships netted with revenue 60,918,447. Part XII, Line 2d - Other Adjustments: Special event expenses 104,956. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 60,918,447. 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 organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(c). The organizatoin has updated its homepage to post the policy as of April 2021. Schedule E, Part I, Line 6 Barry University receives assistance from Title IV programs including Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant, Federal Work-Study Program, Higher Education Emergency Relief Fund, etc. Central America and the Caribbean 0 50 Program Services Graduate Social Work and Education Teaching 122014 Central America and the Caribbean INVESTMENTS 1437519 0 50 0 0 0 50 1559533 0 1559533 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting. Part III Accounting Method: Alumni Awards Lunch 43200 15750 27450 519 2181 21068 Golf Tournament 38189 12805 25384 7218 17376 10000 3595 1 18550 18550 4184 14865 7239 16711 99939 28555 71384 7218 4703 34422 17239 41374 104956 -33572 1 Student Scholarships/Awards 4378 58463372 HEERF Grants 4184 2455075 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. No cash changes hands and funds are directly applied to student accounts. In April 2020, the U.S. Department of Education awarded 2.5 million to Barry University to support direct emergency payments to students affected by the COVID-19 pandemic. As of 6/30/20, the University awarded $2,455,075 in emergency financial assistance to students. The balance of $58,624 was awarded over summer 2020. X X 1 1 X X 0 0 0 1 0 0 0 0 0 Dr Michael Allen President 239086 0 0 0 6600 0 8470 0 84811 0 338967 0 0 0 Ronald Dick Professor, Anesthesiology 135530 0 0 0 159489 0 9986 0 10587 0 315592 0 0 0 John Murray Provost 276177 0 0 0 0 0 11220 0 23199 0 310596 0 0 0 James Losito Professor, Podiatric Medicine 265490 0 0 0 4891 0 8388 0 24249 0 303018 0 0 0 John McFadden Dean, Nursing & Health Sciences 195525 0 0 0 79745 0 11049 0 9607 0 295926 0 0 0 Susan Rosenthal VP for Business & Finance 235194 0 0 0 0 0 9792 0 24788 0 269774 0 0 0 Leticia Diaz Dean, Law 229590 0 0 0 0 0 9607 0 26277 0 265474 0 0 0 Yvette Koottungal Vice President for Enrollment & Digi 214504 0 0 0 0 0 8950 0 24904 0 248358 0 0 0 Thomas Merrill Professor, Surgery 128598 0 30965 0 44022 0 8460 0 23227 0 235272 0 0 0 Jacqueline Brill Associate Professor, Podiatric Medic 84117 0 111928 0 0 0 8236 0 24887 0 229168 0 0 0 Charles Southerland Professor, Podiatric Medicine 125171 0 72089 0 0 0 8097 0 17478 0 222835 0 0 0 Jennifer Pugh VP for University Administration 180497 0 0 0 25 0 7628 0 26063 0 214213 0 0 0 Scott Smith VP for Mission & Student Engagement 189575 0 0 0 0 0 7752 0 16037 0 213364 0 0 0 David Dudgeon General Counsel 162249 0 0 0 0 0 6650 0 15124 0 184023 0 0 0 Part I, Line 1a Housing Allowance: As a condition of employment, and as a convenience to the University, the President is provided a home on University grounds. The University also provides grounds care and housekeeping for the home since the President hosts functions for the University at his home. The home is provided as a nontaxable benefit to the President because it is required in his contract and he resides there for the convenience of the University. Part I, Line 5 Physicians in the School of Podiatry received a percent of gross receipts of the teaching clinics. A Pinellas County Education Facility 596000800 723161FP5 2007-10-24 10000000 See Part VI 0 0 0 B Pinellas County Education Facility 596000800 723161GE9 2011-08-02 38929920 See Part VI 0 0 0 C Pinellas County Education Facility 596000800 723161GX7 2012-03-28 32695767 See Part VI 0 0 0 A 10000000 182092 131046 2729304 6957558 2008 1 0 1 1 B 8235000 39032085 3366419 969251 553041 16000000 18190897 2012 1 0 1 1 C 3490000 32797878 3419978 439883 28986307 2012 1 0 1 1 A 0 0 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 1 0.14100 1 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 Bank of America 20.000000000000 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 10/23/2019 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 07/31/2019 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 03/27/2020 Schedule K, Part I, Line A, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fund the construction of a building and the equipment for the Institute of Community Health & Minority Medicine, a graduate medical science building, which will provide office space for faculty, classroom space for students and house various health programs, and related improvements of the University, and refinance a loan dated May 7, 2004 from Bank of America, N.A. to the University in the original amount of $7,300,000 and pay costs of issuing the series 2007 bonds. Schedule K, Part I, Line B, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to refund the 11/29/2000 bond as well as finance and refinance the cost of acquisitions, construction, and equipping of certain educational facilities and other capital improvements to be owned and operated by the University and to reimburse advances made by the University to pay a portion of such costs, and fund a debt service reserve fund and pay costs of issuance of the Series 2011 Bonds. Schedule K, Part I, Line C, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fully refund the Series 2000 Bonds, partially refund Series 1998 Bonds, fund a debt service reserve fund, and pay certain costs of issuance of the Series 2012 Bonds. Schedule K, Part II, Line 3, Column (B): Difference proceeds from issue price are Investment Earnings Schedule K, Part II, Line 3, Column (C): Difference proceeds from issue price are Investment Earnings Laura Alonso-Gallo Family member of of Board Chairperson, John Bussel 119922 W-2 Wages and Benefits 0 Rebecca Murray Family member of Provost, John Murray 62632 W-2 Wages and Benefits 0 X 27341 Resale Value X 7 1016132 Selling Price X Food/Beverages 13 24464 Cost X Merchandise 14 23096 Cost X Equipment 1 5000 Cost X Gift Cards 15 3935 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 1, Description of Organization Mission: In the Catholic intellectual tradition, integration of study, reflection and action inform the intellectual life. Faithful to this tradition, a Barry education and university experience foster individual and communal transformation where learning leads to knowledge and truth, reflection leads to informed action, and a commitment to social justice leads to collaborative service. Barry University provides opportunities for affirming our Catholic identity, Dominican heritage, and collegiate traditions. Catholic beliefs and values are enriched by ecumenical and interfaith dialogue. Through worship and ritual, we celebrate our religious identity while remaining a University community where all are welcome. Catholic intellectual and religious traditions guide us in the fulfillment of our mission. The mission and values of the Adrian Dominican Sisters serve as the inspiration for our core commitments. Form 990, Part VI, Section A, line 1 Composition of the Executive Committee of the Board: The Board will have an Executive Committee consisting of the Chairperson of the Board and not less than five (5) other Trustees. The Executive Committee will include at least one (1) member of the Sponsoring Congregation, which shall be the Prioress of the Sponsoring Congregation or a Board member designated by the Prioress. The Chairperson of the Board is also the Chairperson of the Executive Committee. The Vice Chairpersons of the Board and Chairperson of each Committee of the Board will also be members of the Executive Committee. The Secretary of the Board ("Board Secretary"), who must be a Trustee, will also be a member of the Executive Committee. The President shall be an ex officio member of the Executive Committee; as an ex officio member of the Executive Committee the President will not have the power to vote and will not be counted as a member of the Executive Committee for the purpose of determining a quorum. The Chairperson of the Board shall be empowered to invite the immediate past Chairperson to serve on the Executive Committee. Scope of the Committee's authority: When the Board is not in session and prudent management requires prompt action, the Executive Committee shall exercise all of the authority of the Board in the management of the Corporation except as such authority is limited by resolution of the Board, and any such action shall be submitted to the Board at its next meeting for review. Actions by the Executive Committee, as described in this provision, shall be used sparingly and shall not be abused. A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Form 990, Part VI, Section A, line 4 1. The President of the University was given Board voting rights on matters for which there is no conflict of interest. (Article III, Sec. 2D) 2. The maximum number of board seats available to members of the Sponsoring Congregation was reduced from five to three. (Article III, Sec. 2B) Form 990, Part VI, Section A, line 7a The University's Sponsoring Congregation selects up to three Sisters to serve as Trustees, one of which shall be the Prioress of the Sponsoring Congregation. Form 990, Part VI, Section A, line 7b The following matters require the approval of the Sponsoring Congregation's Prioress and General Council or their designee: - any changes to the purposes and mission of the organization - the slate of nominees for appointment to the President of the organization - any amendments to the Articles or Bylaws of the organization that affect the powers or rights of the Sponsoring Congregation - the nominees to the Board and selecting those persons to be appointed as the Sponsoring Congregation Trustees - the purchase, sale, lease or mortgage of real property of the organization in an amount more than $5,000,000 for purchases, sale, and mortgages and more than $50,000 per month for leases - the merger or dissolution of the organization and upon approval of dissolution, the approval of the disposition of the assets of the organization as set forth in the Articles Form 990, Part VI, Section B, line 11b Barry University uses the following process to review the Form 990. An external tax firm prepares the return with input from the University's controller. The Vice President of Business and Finance reviews, approves, and signs the return. A public inspection copy of the reviewed Form 990 is then provided to the Board of Trustees prior to filing with the IRS. The external tax firm electronically files the return on or before the due date including extensions. Form 990, Part VI, Section B, line 12c On an annual basis, under the conflict of interest policy, each covered person shall execute an annual disclosure statement disclosing the facts related to any covered relationship. Ongoing: a covered person shall disclose the existence and nature of any covered relationship and all material facts prior to the consideration of a proposed transaction or arrangement by the board (for a trustee or the President) or the ECA (executive committee of the administration) (for covered persons not trustees). In the event that a potential conflict of interest arises at a board meeting for a trustee or the President, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the board in the event that a potential conflict of interest arises outside a board meeting and/or for a covered person not a trustee, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the ECA. After disclosure by a trustee or the President to the board of a covered relationship and all material facts, and after any discussion with the covered person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. After disclosure by anyone other than a trustee to the ECA of a covered relationship and all material facts, and after any discussion with the covered person, the ECA will discuss and vote upon the determination of a conflict of interest. A covered person that is a trustee or the President may make a presentation to the board, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The board of trustee or the ECA will then deliberate to independently determine if possible conflict of interest identified will be approved by the appropriate body to ensure adherence to the conflict of interest policy. Form 990, Part VI, Section B, line 15 Line 15a: The President's compensation is reviewed annually; comparable data/information is reviewed. The compensation is in keeping with the University's guidelines. The Chairperson and the Executive Committee of the Board conduct the annual evaluation of the President. The discussions and decisions form part of the minutes to the board of trustees meeting. Line 15b: Compensation for all other officers and key employees is approved through HR in collaboration with the President, VP, or Provost responsible for the area. HR uses compensation benchmark data for all University positions and documents the approval process in an HR file. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. The 990 return of organization exempt from tax is public information. Form 990, Part XI, line 9: Adjust to cash surrender value 7,894.