2021-05-14T10:31:30-05:00 2020-06-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-07-01 520591421 ST JOHN'S COLLEGE STJO 4102632371 60 COLLEGE AVENUE ANNAPOLIS MD 21401 MICHAEL DURAN TREASURER AND CFO 4106262514 2021-05-14 1 AARON M FOX P01365820 2022274000 2021-05-13 2019 2022-09-23 18:48:47Z MARK ROOSEVELT 60 COLLEGE AVENUE ANNAPOLIS MD 21401 97472587 0 X WWW.SJC.EDU X 1784 MD TO PROVIDE POST-SECONDARY EDUCATION. 34 30 1049 538 366437 0 33061314 41938107 55228011 40796598 -1211696 2503764 177308 7314 87254937 85245783 30249734 16973318 0 0 32728731 31977626 0 0 4609490 19965556 21748215 82944021 70699159 4310916 14546624 321562015 350149527 58044856 63145470 263517159 287004057 X ST. JOHN'S DISTINCTIVE LIBERAL ARTS CURRICULUM AND EDUCATIONAL PRACTICES HAVE LONG GIVEN IT A HIGHLY RESPECTED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. ITS STRONG COMMITMENT TO COLLABORATIVE INQUIRY AND TO THE STUDY OF ORIGINAL TEXTS MAKES ST. JOHN'S COLLEGE A PARTICULARLY VIBRANT COMMUNITY OF LEARNING. THROUGH CLOSE ENGAGEMENT WITH THE WORKS OF SOME OF THE WORLD'S GREATEST WRITERS AND THINKERS, UNDERGRADUATE AND GRADUATE STUDENTS AT ST. JOHN'S COLLEGE GRAPPLE WITH FUNDAMENTAL QUESTIONS THAT CONFRONT US AS HUMAN BEINGS. 0 0 53502216 16973318 40503930 GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 900 STUDENTS. 53502216 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 200 0 1 1049 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 34 30 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD NM X ALLY GONTANG-HIGHFIELD 4106262514 60 COLLEGE AVENUE ANNAPOLIS MD 21401 MARK ROOSEVELT PRESIDENT - SANTA FE 35.00 X X 331954 0 76840 PANAYIOTIS PETER KANELOS PRESIDENT - ANNAPOLIS 35.00 X X 266664 0 112590 KELLY BROWN VP OF ADVANCEMENT - ANNAPOLIS 35.00 X 176584 0 40533 MICHAEL DURAN TREASURER - SANTA FE & CFO 35.00 X 171139 0 41841 WALTER STERLING DEAN - SANTA FE 35.00 X X 138204 0 50237 JOSEPH MACFARLAND DEAN - ANNAPOLIS 35.00 X X 142994 0 38401 RIMA ALLY GONTANG-HIGHFIELD TREASURER - ANNAPOLIS 35.00 X 133241 0 36115 DAVID MCDONALD ASSOCIATE DEAN (GI) - SANTA FE 35.00 X 120602 0 48192 PHELOSHA M COLLAROS VP OF DEVELOPMENT AND ALUMNI RELATIONS-SF 35.00 X 137187 0 24087 CHRISTOPHER N DUGAN ASSISTANT DEAN - ANNAPOLIS 35.00 X 120256 0 32520 CHRISTOPHER NELSON TUTOR 35.00 X 123346 0 27540 DAVID TOWNSEND TUTOR 35.00 X 135083 0 15556 BENJAMIN BAUM VP OF ENROLLMENT 35.00 X 128109 0 16511 CAROL CARPENTER VP OF COMMUNICATIONS 35.00 X 121722 0 18878 JAMES CAREY TUTOR - SANTA FE 35.00 X 130185 0 10234 RONALD H FIELDING CHAIR 1.00 X 0 0 0 PAM SAUNDERS-ALBIN VICE CHAIR 1.00 X 0 0 0 JOAN M HARATANI SECRETARY 1.00 X 0 0 0 STEVEN BOHLIN MEMBER 1.00 X 0 0 0 SAMUEL B DAVIDOFF MEMBER 1.00 X 0 0 0 MICHELE C FARQUHAR MEMBER 1.00 X 0 0 0 STEPHAN J FORMAN MEMBER 1.00 X 0 0 0 CAROLINE GORMAN MEMBER 1.00 X 0 0 0 JOHN L GRAY MEMBER 1.00 X 0 0 0 MICHELLE LUJAN GRISHAM EX-OFFICIO 1.00 X 0 0 0 RICHARD GROENENDYKE JR MEMBER 1.00 X 0 0 0 LAWRENCE J HOGAN EX-OFFICIO 1.00 X 0 0 0 LESLIE M KAY MEMBER 1.00 X 0 0 0 THOMAS R KRAUSE MEMBER 1.00 X 0 0 0 DONALD LEOPOLD MEMBER 1.00 X 0 0 0 PERRY A LERNER MEMBER 1.00 X 0 0 0 AUSTIN LIGON MEMBER 1.00 X 0 0 0 RICHARD LINCER MEMBER 1.00 X 0 0 0 PETER MARBER MEMBER 1.00 X 0 0 0 MARK PARENTI EX-OFFICIO 1.00 X 0 0 0 ELIZABETH POWERS MEMBER 1.00 X 0 0 0 KAREN PRITZKER MEMBER 1.00 X 0 0 0 KEN RESNICK MEMBER 1.00 X 0 0 0 JOSHUA D ROGERS MEMBER 1.00 X 0 0 0 SUSAN SHAMOS MEMBER 1.00 X 0 0 0 SARAH SHEPHERD MEMBER 1.00 X 0 0 0 WARREN J SPECTOR MEMBER 1.00 X 0 0 0 ADRIAN TREVISAN MEMBER 1.00 X 0 0 0 JOHANNA WILSON MEMBER 1.00 X 0 0 0 DELORES E WOLF MEMBER 1.00 X 0 0 0 2377270 0 590075 49 0 1 0 SAGE DINING SERVICE 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1943328 BON APPETIT PO BOX 417632 BOSTON MA 02241 DINING SERVICES 1749390 SARCON CONSTRUCTION CORP 2044 GALISTEO ST STE 1 SANTA FE NM 87505 UPPER AND LOWER COMMONS RENOVATIONS 1068528 ARROW MEDIA LLC 211 E 7TH STREET SUITE 635 AUSTIN TX 78701 BRANDING AND PUB. RELATIONS 532706 AR MARANI INC 7500 HARFORD RD BALTIMORE MD 21234 HVAC SERVICES 274290 19 3124399 38813708 5526837 41938107 TUITION AND FEES 611710 31867991 31867991 ROOM AND BOARD FEES 611710 6232485 6232485 OTHER PROGRAM SERVICES 611710 1715226 1715226 AUXILIARY ENTERPRISES 611710 980896 586741 394155 40796598 -4004968 -27718 -3977250 18252475 11743743 6508732 6508732 6508732 49250 143423 -94173 -94173 441125 339638 101487 101487 85245783 40503930 366437 2437309 13041061 13041061 3932257 3932257 2159516 367025 1631498 160993 22215518 17745620 2425438 2044460 1077444 915528 86384 75532 4900596 3051755 1553834 295007 1624552 1233563 240317 150672 183363 183363 277762 277762 1470016 1470016 2992525 1574090 996493 421942 56701 1589 55112 2642225 1576436 725477 340312 542470 113041 408866 20563 1564715 1135952 69742 359021 423255 331487 59139 32629 336479 142462 92967 101050 1333097 1333097 3502173 3301640 187260 13273 453287 12050 418516 22721 DINING HALL 3593035 3593035 OTHER 1328418 1048441 226238 53739 DEBT EXPENSE 878619 260285 201034 417300 LECTURES, EVENTS & REL. 170075 124899 12 45164 70699159 53502216 12587453 4609490 597741 1107771 1750080 6630369 45182891 59379073 238133 306217 5907319 4631975 391186 373055 388401 353546 162498753 81245639 80477778 81253114 33073573 49560102 149494987 142551596 4059926 4002709 321562015 350149527 27244250 29646455 1229305 570822 1729995 1203433 27120000 26490000 0 4654890 721306 579870 58044856 63145470 X 30548702 27103596 232968457 259900461 263517159 287004057 321562015 350149527 X 14546624 9538297 -598023 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X RARE AND OLD LIBRARY BOOKS 0 217294158 13818934 14217964 4227401 7090758 234012897 201121267 21273507 5846049 5123672 5822993 217294158 195698784 6203077 7763088 3886220 4657462 201121267 152003716 32128616 22283111 4512710 6203949 195698784 157294564 12025935 -7562178 3850362 5904243 152003716 0.03070 0.87170 0.09760 1 0 4886666 4886666 145663627 71893921 73769706 11104730 9351718 1753012 843730 843730 81253114 GLOBAL EQUITY FUNDS 62918368 C HEDGE FUNDS 52139255 C PRIVATE EQUITY FUNDS 25956373 C CHARITABLE REMINDER TRUSTS 1537600 C 142551596 DEFERRED BOND ISSUE COSTS -391793 UNAMORTIZED BOND PREMIUM -721456 ASSET RETIREMENT OBLIGATIONS 1693119 579870 X 77439586 9538297 615779 10154076 67285510 1470016 16490257 17960273 85245783 53952688 1696863 1696863 52255825 1470016 16973318 18443334 70699159 PART III, LINE 4: SANTA FE THE ARTWORK PLACED AROUND CAMPUS, AS WELL AS LIBRARY BOOK COLLECTION, FURTHER THE PURPOSE OF THE COLLEGE BY EXPOSING STUDENTS TO FINE WORKS OF ART, IN BOTH THE WRITTEN AND SCULPTED FORM THE EXCELLENCE AND DEPTH OF THOUGHT AND CREATIVITY EXPECTED OF OUR STUDENTS. ANNAPOLIS THE COLLECTION IS AN ECLECTIC ASSEMBLAGE OF FINE AND DECORATIVE ART OBJECTS THAT HAVE BEEN GIVEN TO THE COLLEGE OVER THE YEARS. THIS COLLECTION RANGES FROM UNFRAMED REPRODUCTION POSTERS TO FINE CHINESE SILK PAINTINGS. MANY OF THESE OBJECTS ARE ON DISPLAY THROUGHOUT CAMPUS AND ENRICH CLASSROOM, COMMON, AND OFFICE SPACES. PART V, LINE 4: ENDOWMENT FUNDS ARE DONOR RESTRICTED AND ARE USED TO FUND FACULTY AND STUDENT FINANCIAL AID. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2020, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 52,348. CHANGE IN ACCRUED SABATICAL LEAVE 173,136. NET PERIODIC BENEFIT CREDIT OTHER THAN SERVICE COST 390,295. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES -143,423. COST OF GOODS SOLD -339,638. FINANCIAL AID 16,973,318. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 339,638. SPECIAL EVENTS EXPENSES 143,423. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT CREDIT 1,213,802. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 16,973,318. PART V, LINE 1B, COLUMNS (B) AND (C): THE ENDOWMENT SCHEDULE WAS RESTATED IN FY19 FOR THE INCLUSION OF PLEDGES, WHICH IS CONSISTENT WITH THE PRESENTATION IN THE AUDITED FINANCIAL STATEMENTS. 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 ST. JOHN'S COLLEGE NONDISCRIMINATION POLICY CAN BE FOUND IN BOTH ITS RECRUITMENT MATERIALS AND IN ITS STUDENT HANDBOOK. THE HANDBOOK IS DISTRIBUTED TO STUDENTS AS PART OF THE REGISTRATION PROCESS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDING FROM THE FOLLOWING SOURCES: PELL, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, GUARANTEED STUDENT LOAN, THE STATE OF MARYLAND, AND THE STATE OF NEW MEXICO. ALL ASSISTANCE IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 417234 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 54501 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1527546 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 420998 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 53384 NORTH AMERICA 0 0 GRANTMAKING 103266 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 261183 SOUTH AMERICA 0 0 GRANTMAKING 123707 SOUTH ASIA 0 0 GRANTMAKING 754217 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 633455 0 0 0 0 0 0 2961819 1387672 4349491 SCHOLARSHIPS & ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 3 54501 SCHOLARSHIPS & ASSISTANCE EAST ASIA AND THE PACIFIC 84 1527546 SCHOLARSHIPS & ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 17 420998 SCHOLARSHIPS & ASSISTANCE MIDDLE EAST AND NORTH AFRICA 2 53384 SCHOLARSHIPS & ASSISTANCE NORTH AMERICA 4 103266 SCHOLARSHIPS & ASSISTANCE RUSSIA AND NEIGHBORING STATES 9 261183 SCHOLARSHIPS & ASSISTANCE SOUTH AMERICA 4 123707 SCHOLARSHIPS & ASSISTANCE SOUTH ASIA 27 754217 SCHOLARSHIPS & ASSISTANCE SUB-SAHARAN AFRICA 18 633455 1 0 0 0 1 0 PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS TO INTERNATIONAL STUDENTS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. PART III ACCOUNTING METHOD: HOMECOMING ANNAPOLIS 22587 0 22587 10706 45944 15288 HOMECOMING SANTA FE 12524 0 12524 4521 35893 750 1012 1 9440 0 9440 1567 8259 2518 44551 44551 16794 90096 750 18818 126458 -81907 1 SJC GRANTS (UNDERGRADUATE) 668 10736536 FEDERAL PELL GRANT PROGRAM 211 1006781 SJC GRANTS (GRADUATE) 114 865605 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 190 326705 MARYLAND STATE SCHOLARSHIP 21 95320 NEW MEXICO STATE INCENTIVE GRANTS 5 10114 PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK ROOSEVELT PRESIDENT - SANTA FE 269830 0 50000 0 12124 0 16989 0 59851 0 408794 0 0 0 PANAYIOTIS PETER KANELOS PRESIDENT - ANNAPOLIS 266664 0 0 0 0 0 14945 0 97645 0 379254 0 0 0 KELLY BROWN VP OF ADVANCEMENT - ANNAPOLIS 160413 0 15931 0 240 0 10370 0 30163 0 217117 0 0 0 MICHAEL DURAN TREASURER - SANTA FE & CFO 171139 0 0 0 0 0 10980 0 30861 0 212980 0 0 0 WALTER STERLING DEAN - SANTA FE 138104 0 0 0 100 0 11937 0 38300 0 188441 0 0 0 JOSEPH MACFARLAND DEAN - ANNAPOLIS 142994 0 0 0 0 0 9098 0 29303 0 181395 0 0 0 RIMA ALLY GONTANG-HIGHFIELD TREASURER - ANNAPOLIS 133001 0 0 0 240 0 8540 0 27575 0 169356 0 0 0 DAVID MCDONALD ASSOCIATE DEAN (GI) - SANTA FE 120602 0 0 0 0 0 9892 0 38300 0 168794 0 0 0 PHELOSHA M COLLAROS VP OF DEVELOPMENT AND ALUMNI RELATIONS-SF 137047 0 0 0 140 0 8693 0 15394 0 161274 0 0 0 CHRISTOPHER N DUGAN ASSISTANT DEAN - ANNAPOLIS 120256 0 0 0 0 0 7161 0 25359 0 152776 0 0 0 CHRISTOPHER NELSON TUTOR 123346 0 0 0 0 0 7665 0 19875 0 150886 0 0 0 DAVID TOWNSEND TUTOR 135083 0 0 0 0 0 6133 0 9423 0 150639 0 0 0 PART I, LINE 1A THE PRESIDENTS OF THE ANNAPOLIS (PANO KANELOS) AND SANTA FE (MARK ROOSEVELT) CAMPUSES ARE PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE PRESIDENT RESIDE IN THE HOUSE PROVIDED. THE PRESIDENTS' HOMES ARE USED FOR MANY COLLEGE ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND COLLEGE SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECEIVED BY EACH PRESIDENT FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $70,430 AND $21,551 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPER AND MAIDS ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. A CITY OF ANNAPOLIS MARYLAND SERIES 2007A&B 526000764 035779CN5 2007-06-02 13689584 REFUNDED A PORTION OF 1998 BONDS 1 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74442PCE3 2016-05-10 23866212 REFUNDED 1998, 2007B, AND 2011 SERIES BONDS, NEW MONEY 0 0 0 A 2423707 7820877 13689584 526850 265780 8171693 4725261 2008 0 1 1 1 B 1415000 23866212 7820877 477324 8629341 6976916 634 2018 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 PART IV - NO REBATE DUE BOND A THE REBATE COMPUTATION FOR THE CITY OF ANNAPOLIS MARYLAND SERIES A&B BOND WAS PERFORMED ON JUNE 7, 2013. BOND B THE REBATE COMPUTATION FOR THE 2016 PUBLIC FINANCE AUTHORITY BOND WAS PERFORMED ON APRIL 30, 2019 AND NO REBATE LIABILITY EXISTS. X 49 5526837 AVERAGE OF HIGH/LOW 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE CHANGED TO ALLOW FOR UP TO 40 MEMBERS ON THE BOARD OF VISITORS AND GOVERNORS, AN INCREASE OF SIX MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FULL FORM 990 IS FURNISHED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. THE COMMITTEE WILL CONDUCT A REVIEW OF THE 990. UPON DISCUSSION AND REVIEW, THE COMMITTEE WILL MOTION AND APPROVE THE ACCEPTANCE OF THE FORM 990 AND POST A COPY OF THE COMPLETED 990 (EXCLUDING SCHEDULE B) ON A SECURE PORTAL FOR FULL BOARD REVIEW. THE AUDIT AND COMPLIANCE COMMITTEE WILL ALSO GRANT THE CHIEF FINANCIAL OFFICER PERMISSION TO PROCEED WITH SIGNING AND FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND COMPLIANCE IS ENFORCED THROUGH A YEARLY STATEMENT ALONG WITH THE COLLEGE'S POLICY BEING DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES FOR REVIEW AND SIGNATURE. THE SIGNED STATEMENTS ARE RETURNED TO BOTH THE PRESIDENT OF THE ANNAPOLIS CAMPUS AND THE PRESIDENT OF THE SANTA FE CAMPUS FOR REVIEW AND FOLLOW-UP. ANY POTENTIAL CONFLICTS ARE DISCUSSED BETWEEN THE PARTIES AND A RESOLUTION IS MADE TO RESOLVE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WITH RESPECT TO THE COMPENSATION OF THE DEANS, VICE PRESIDENTS AND TREASURERS, THE PRESIDENTS WORKED WITH THE PERSONNEL/HUMAN RESOURCE DIRECTORS TO GATHER PRIOR SALARY HISTORY AND TO LOOK AT COMPETITIVE MARKET DATA. THE JOB DESCRIPTIONS FOR THE DEANS, VICE PRESIDENTS, AND TREASURERS ARE ALSO EVALUATED IN THE COLLEGE'S HRIS SYSTEM, COMPEASE, WHICH GENERATES A SALARY RANGE FOR EACH POSITION. AFTER CONSULTING WITH THE BOARD'S EXECUTIVE COMMITTEE, A STARTING SALARY OFFER IS AGREED UPON. THAT COMMITTEE CONSIDERS THE RECOMMENDATIONS OF THE PRESIDENTS RELATIVE TO THE VICE PRESIDENTS AND TREASURERS, AND CONSIDERS THE PROJECTED FORMULA-BASED SALARIES OF THE DEANS, ALL IN LIGHT OF THE EXTERNAL COMPARISONS PROVIDED BY THE PERSONNEL/HR DIRECTORS. THE COMMITTEE ALSO CONSIDERS THE BENEFITS PROVIDED TO THE OFFICERS THAT MAKE UP A PART OF THE TOTAL COMPENSATION PACKAGE. AS FOR THE RECOMMENDATIONS RELATIVE TO THE PRESIDENTS, THOSE SALARIES AND BENEFITS ARE REVIEWED BY THE EXECUTIVE COMMITTEE IN THE ABSENCE OF THE PRESIDENTS AND AFTER RECEIVING REPORTS FROM THE BOARD CHAIR CONCERNING THE PERFORMANCE OF THE PRESIDENTS UPON REVIEW BY THE PRESIDENTIAL REVIEW COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR (CANDID) AND THE CONFLICT OF INTEREST POLICY IS PUBLISHED ANNUALLY IN THE STAFF HANDBOOK. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 52,348. CHANGE IN ACCRUED SABBATICAL LEAVE 173,136. NET PERIODIC BENEFIT CREDIT OTHER THAN SERVICE COST 390,295. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT CREDIT -1,213,802. CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT MD N/A T 0 CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT NM N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0