2021-05-17T17:21:06-05:00 2020-06-30 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2019-07-01 060646936 UNIVERSITY OF BRIDGEPORT UNIV 2035764690 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 STEPHEN HEALEY INTERIM PRESIDENT 2035764690 2021-05-17 1 MARY ANTONETTI P00431862 2037819600 2019 2022-09-23 18:48:47Z STEPHEN HEALEY 126 PARK AVE WAHLSTROM LIBRARY7TH BRIDGEPORT CT 06604 161788435 0 X HTTP://WWW.BRIDGEPORT.EDU X 1927 CT THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 33 33 1999 29 156059 122385 4494260 5887781 132114953 127489067 697695 695118 1372113 16327182 138679021 150399148 47380039 44130797 0 0 55574935 52582531 0 0 3178843 44111104 46929658 147066078 143642986 -8387057 6756162 137344288 128448654 88736977 74650418 48607311 53798236 X THE UNIVERSITY OF BRIDGEPORT (THE UNIVERSITY) OFFERS CAREER ORIENTED UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES AND PROGRAMS FOR PEOPLE SEEKING PERSONAL AND PROFESSIONAL GROWTH. THE UNIVERSITY PROMOTES ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND COMMITMENT TO SERVICE. DISTINCTIVE CURRICULA IN AN INTERNATIONAL, CULTURALLY DIVERSE, SUPPORTIVE LEARNING ENVIRONMENT PREPARE GRADUATES FOR LIFE AND LEADERSHIP IN AN INCREASINGLY INTERCONNECTED WORLD. THE UNIVERSITY IS INDEPENDENT AND NON-SECTARIAN. 0 0 121521109 44130797 129281289 THE ORGANIZATION IS AN INDEPENDENT AND NONSECTARIAN INTERNATIONAL ACADEMIC INSTITUTION. THERE WERE APPROXIMATELY 5,089 STUDENTS FROM 47 STATES, 1 U.S. TERRITORIES AND 67 COUNTRIES ENROLLED FOR THE YEAR ENDED JUNE 30, 2020. 121521109 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 90 0 1 1999 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MALHAR SHARMA U OF BRIDGEPORT 2035764690 126 PARK AVE WALHSTROM LIBRARY BRIDGEPORT CT 066012449 DIANE ALLISON ESQ TRUSTEE 1.00 X 0 0 0 PAUL ANTINOZZI TRUSTEE 1.00 X 0 0 0 ROBERT L BERCHEM ESQ CHAIR 1.00 X X 0 0 0 SEAN M CARROLL TRUSTEE 1.00 X 0 0 0 DAVID D'ADDARIO TRUSTEE 1.00 X 0 0 0 JOAN B DUPONT TRUSTEE 1.00 X 0 0 0 MARK A FRIES VICE CHAIR 1.00 X X 0 0 0 THE HONORABLE JOSEPH P GANIM TRUSTEE 1.00 X 0 0 0 ABRAHAM I GORDON ESQ TRUSTEE 1.00 X 0 0 0 CAROL JOHNSON GREEN TRUSTEE 1.00 X 0 0 0 HERMAN GREEN TRUSTEE 1.00 X 0 0 0 THOMAS R HAYNES TRUSTEE 1.00 X 0 0 0 SARA TOWE HORSFALL TRUSTEE 1.00 X 0 0 0 BARBARA A JAMES TRUSTEE 1.00 X 0 0 0 MARKUS KARR TRUSTEE 1.00 X 0 0 0 KI HOON KIM TRUSTEE 1.00 X 0 0 0 MICHAEL KOLAKOWSKI TRUSTEE 1.00 X 0 0 0 MICHAEL LABELLA TRUSTEE 1.00 X 0 0 0 ARTHUR E LANDI TRUSTEE 1.00 X 0 0 0 KEVIN C LEAHY TRUSTEE 1.00 X 0 0 0 DAVID K NORTON TRUSTEE 1.00 X 0 0 0 TERRANCE J O'CONNOR SECRETARY 1.00 X X 0 0 0 SUSAN HECKMAN O'HARA TRUSTEE 1.00 X 0 0 0 THOMAS O'HARA TRUSTEE 1.00 X 0 0 0 LAMBERT C SHELL SR TRUSTEE 1.00 X 0 0 0 BRUCE T SILVERSTONE TRUSTEE 1.00 X 0 0 0 PHILLIP G SOAIVAN TRUSTEE 1.00 X 0 0 0 THOMAS G WALSH TRUSTEE 1.00 X 0 0 0 MARTIN F WOLF ESQ TRUSTEE 1.00 X 0 0 0 FREDERICK W SERRA TRUSTEE 1.00 X 0 0 0 JOSEPH VITTORIA TRUSTEE 1.00 X 0 0 0 NICHOLAS N KITTRIE SJD TRUSTEE 1.00 X 0 0 0 PIERRE TARDY TRUSTEE (LEFT DURING FISCAL YEAR) 1.00 X 0 0 0 SHINTARO AKATSU TRUSTEE 1.00 X 0 0 0 TAREK M SOBH EVP RESEARCH & ECON DEVEP 35.00 X 328656 0 26064 CAROLYN R LINSEY IN HOUSE COUNSEL (RESIGNED 9/13/19) 35.00 X 225514 0 22269 STEPHEN HEALEY PROVOST 35.00 X 265565 0 3863 LAURA SKANDERA TROMBLEY PRESIDENT (RESIGNED 4/15/20) 35.00 X 711520 0 33149 YUET LEE VP OF FINANCE AND ADMINISTRATION 35.00 X 268676 0 4200 DAVID BRADY DIRECTOR OF NUTRITION 35.00 X 202643 0 2994 KHALED ELLEITHY ASSOC VP GRADUATE STUDIES 35.00 X 216188 0 23613 MARIE MUHVIC VICE PRESIDENT ADVANCEMENT 35.00 X 216359 0 11998 AUSIF MAHMOOD DIRECTOR OF ENGINEERING 35.00 X 181358 0 28414 CAROL PAPP DIRECTOR OF NURSING 35.00 X 185270 0 23045 2801749 0 179609 82 0 1 0 SODEXO OPERATIONS PO BOX 360170 PITTSBURGH PA 152516000 CAMPUS FOOD SERVICE 5648755 C&W FACILITY SERVICES INC 275 GROVE ST SUITE 3-200 AUBURNDALE MA 024662274 BUILDING & GROUNDS MAINTENANCE 5080198 SECURITAS SECURITY 2400 COMMERCE AVE BLDG 1100 SUITE 5 DULUTH GA 30096 SECURITY SERVICES 2047045 BBA SOLUTIONS PARNERSHIP GROUP 11300 CANTRALL RD STE 105 LITTLE ROCK AK 72212 AUXILIARY SERVICES - STUDENT TEXTBOOKS 1242466 RAM BUILDING GROUP 50 QUALITY STREET TRUMBULL CT 06611 CONSTRUCTION & ENGINEERING SERVICES 1069996 45 3231141 2656640 8061 5887781 TUITION AND FEES 611310 115294254 115294254 RESIDENCE & MEALS 721000 10024705 10024705 OTHER PROGRAM FEES & REVENUES 611710 2170108 2170108 127489067 386405 386405 490 490 240184 0 240184 240184 240184 11673000 25000 11355756 33531 317244 -8531 308713 308713 710 0 710 710 FORGIVENESS OF DEBT 900099 14086315 14086315 MISCELLANEOUS 900099 1948281 1792222 156059 INSURANCE PROCEEDS 900099 51202 51202 16085798 150399148 129281289 156059 15074019 37594916 37594916 6535881 6535881 1694982 275106 1419876 41553893 33882420 5653782 2017691 908312 740624 123584 44104 5088514 4357502 405943 325069 3336830 2639586 541288 155956 843811 842993 818 195169 192581 2588 69813 69813 9968036 5539448 4218795 209793 1131544 127270 1000801 3473 3721579 1334532 2230163 156884 1722996 998134 656556 68306 10418172 9740991 572999 104182 1208856 603844 591227 13785 719939 525585 189780 4574 3370881 3370881 6512005 6512005 507968 507968 BAD DEBT EXPENSE 1857670 1857670 STUDENT ACTIVITIES 474262 345359 109878 19025 STUDENT TEACHING 464858 464858 NON-CAPITALIZED EQUIPME 315864 277491 31564 6809 3426235 3289038 91411 45786 143642986 121521109 18943034 3178843 899 899 5598107 12474224 857194 662150 4668329 3758305 4066765 3468433 90340 75526 1017434 394189 216067284 119089422 99316622 96977862 20805392 10629066 923206 8000 137344288 128448654 10620622 10292683 5224763 4259145 1178429 1910502 59942564 0 1006409 53369553 10764190 4818535 88736977 74650418 X 38404462 47713795 10202849 6084441 48607311 53798236 137344288 128448654 X 6756162 173401 -1738638 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.74 1 1 0 1 0 10.00 0 0 64500 X X 0 0 25284584 1143468 876859 7822851 95044 19387016 33949600 70000 2127240 10740055 122201 25284584 37272610 2157778 5314150 166638 33949600 33630153 4435970 793513 37272610 33111721 730248 211816 33630153 0.62900 0.32200 0.04900 0 0 4505708 4505708 157313489 73151550 84161939 53538527 45726871 7811656 709560 211001 498559 96977862 ACCRUED RETIREMENT BENEFITS 59883 CAPITAL LEASES 758652 LINE OF CREDIT 4000000 4818535 X 106311738 173401 -44190998 -44017597 150329335 69813 69813 150399148 101202625 1760249 1760249 99442376 69813 44130797 44200610 143642986 PART II, LINE 9: THE UNIVERSITY OF BRIDGEPORT PRESERVES A HISTORIC STRUCTURE. NOTHING IS REPORTED ON THE BALANCE SHEET OR IN THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: ARTWORK CONSISTS OF VARIOUS LITHOGRAPHS, SERIGRAPHS, ETCHINGS, OIL PAINTINGS AND SCREEN PRINTS. THE UNIVERSITY OFFERS A GRAPHIC DESIGN DEGREE PROGRAM ALONG WITH AN INDUSTRIAL AND INTERIOR DESIGN MAJOR LEADING TO A BACHELOR'S DEGREE. THE UNIVERSITY ALSO OFFERS A FASHION MERCHANDISING 2 YEAR PROGRAM. STUDENTS WORKS OF ART ARE SHOWN ON DISPLAY ALONG WITH THE ABOVE PIECES THAT THE UNIVERSITY OWNS. PART V, LINE 4: ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. PART X, LINE 2: BELOW IS AN EXCERPT FROM FOOTNOTE 1 OF THE AUDITED FINANCIAL STATEMENTS FOR UNIVERSITY OF BRIDGEPORT. THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE, SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT. THE UNIVERSITY CLASSIFIES THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS CURRENT TO THE EXTENT THAT THE UNIVERSITY ANTICIPATES PAYMENT (OR RECEIPT) OF CASH WITHIN ONE YEAR. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECOGNIZED AND RECORDED AS NECESSARY IN THE PROVISION FOR INCOME TAXES. THE UNIVERSITY ASSESSED UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANTS -44,130,797. REVENUE/EXPENSE RECLASS -60,201. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FV OF INTEREST RATE SWAP 1,738,638. REVENUE/EXPENSE RECLASS 21,611. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 44,130,797. 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 POLICY APPEARS ON THE UNIVERSITY OF BRIDGEPORT'S WEBSITE, ADMISSION APPLICATIONS AND CATALOG. THE UNIVERSITY OF BRIDGEPORT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, AGE, SEX, GENDER, SEXUAL ORIENTATION, DISABILITY, MARITAL STATUS, GENETIC INFORMATION, VETERAN STATUS OR GENDER IDENTITY AND GENDER EXPRESSION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED THE FOLLOWING GOVERNMENT GRANTS FOR SCHOLARSHIPS AND FINANCIAL AID DURING THE YEAR ENDED JUNE 30, 2020: FEDERAL PERKINS LOAN - FEDERAL FEDERAL WORK STUDY - FEDERAL FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT - FEDERAL PELL GRANT - FEDERAL TEACH GRANT - FEDERAL STUDENT SUPPORT SERVICES - FEDERAL TITLE III ADVISING GRANT - FEDERAL ROBERTA B. WILLIS SCHOLARSHIP PROGRAM - STATE HIGHER EDUCATION ENTERPRENEURESHIP GRANT - STATE CONNECTICUT GEAR UP III 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 1054491 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 865995 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1534368 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 247577 NORTH AMERICA 0 0 GRANTMAKING 263045 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 72810 SOUTH AMERICA 0 0 GRANTMAKING 908161 SOUTH ASIA 0 0 GRANTMAKING 947919 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 641515 0 0 0 0 0 0 5894366 641515 6535881 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 96 1054491 BOOK SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 161 865995 BOOK SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 67 1534368 BOOK SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 132 247577 BOOK SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 22 263045 BOOK SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 9 72810 BOOK SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 72 908161 BOOK SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 231 947919 BOOK SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 71 641515 BOOK 0 0 0 0 0 1 PART I, LINE 3: THE EXPENDITURES WERE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS FOR STUDENTS ATTENDING SCHOOL BASED ON FINANCIAL NEED 1865 34721723 0 BOOK STUDENTS AWARDED SCHOLARSHIP BASED ON ATHLETIC ABILITY 145 2873193 0 BOOK PART I, LINE 2: EACH GRANT IS ASSIGNED A SEPARATE DEPARTMENT ACCOUNT NUMBER. REPORTS ARE THEN PRINTED WHICH SHOW ALL FUNDS RECEIVED AND DISBURSED. THESE GRANT REPORTS ARE PRINTED ON A MONTHLY BASIS BY THE PERSON RESPONSIBLE FOR THE GRANT. THE ACCOUNTING DEPARTMENT ALSO PRINTS GRANT REPORTS ON A MONTHLY BASIS AS A CHECK THAT DISBURSEMENTS ARE NOT GREATER THAN FUNDS RECEIVED AND THAT FUNDS ARE BEING DISBURSED FOR GRANTS APPROVED. X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 TAREK M SOBH EVP RESEARCH & ECON DEVEP 326304 0 0 0 2352 0 0 0 26064 0 354720 0 0 0 CAROLYN R LINSEY IN HOUSE COUNSEL (RESIGNED 9/13/19) 98500 0 41775 0 85239 0 15491 0 6778 0 247783 0 0 0 STEPHEN HEALEY PROVOST 256809 0 8000 0 756 0 3863 0 0 0 269428 0 0 0 LAURA SKANDERA TROMBLEY PRESIDENT (RESIGNED 4/15/20) 610435 0 47917 0 53168 0 27400 0 5749 0 744669 0 0 0 YUET LEE VP OF FINANCE AND ADMINISTRATION 261791 0 6273 0 612 0 4200 0 0 0 272876 0 0 0 DAVID BRADY DIRECTOR OF NUTRITION 201887 0 0 0 756 0 2994 0 0 0 205637 0 0 0 KHALED ELLEITHY ASSOC VP GRADUATE STUDIES 213274 0 0 0 2914 0 3454 0 20159 0 239801 0 0 0 MARIE MUHVIC VICE PRESIDENT ADVANCEMENT 213354 0 2213 0 792 0 3560 0 8438 0 228357 0 0 0 AUSIF MAHMOOD DIRECTOR OF ENGINEERING 163094 0 17400 0 864 0 2350 0 26064 0 209772 0 0 0 CAROL PAPP DIRECTOR OF NURSING 184172 0 0 0 1098 0 2886 0 20159 0 208315 0 0 0 PART I, LINE 1B THE PRESIDENT AND VP OF FINANCE ARE REQUIRED TO LIVE ON CAMPUS AND ARE PROVIDED WITH UNIVERSITY OWNED HOUSING WITHOUT HAVING TO PAY RENT AND IS CONSIDERED AS PART OF THEIR COMPENSATION. HOUSING IS FOR THE CONVENIENCE OF THE UNIVERSITY. THE HOUSING BENEFIT FOR LAURA SKANDERAL TROMBLEY WAS $25,200 FOR CALENDAR YEAR 2019. THE HOUSING BENEFIT FOR YUET LEE WAS $18,000 FOR CALENDAR YEAR 2019. PART I, LINES 4A-B CAROLYN LINSEY RECEIVED A SEVERANCE PAYMENT OF $63,963. CAROLYN LINSEY AND LAURA SKANDER TROMBLEY PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN. YUET LEE RECEIVED A $20,000 PAYMENT FROM A 457(F) RETIREMENT PLAN. PART I, LINE 7 THE BONUSES REPORTED ON PART II, COLUMN II WERE ONE-TIME PAYMENTS DETERMINED BY THE BOARD. MARK A FRIES VICE CHAIR 456635 SEE PART V 0 PAUL ANTINOZZI BOARD TRUSTEE 83201 SEE PART V 0 MICHAEL KOLAKOWSKI BOARD TRUSTEE 214142 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: MARK A. FRIES(D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY OF BRIDGEPORT PURCHASED INSURANCE FROM PEOPLE'S UNITED INSURANCE AGENCY. MARK A. FRIES IS A SENIOR VICE PRESIDENT OF PEOPLE'S UNITED INSURANCE AGENCY.(A) NAME OF PERSON: PAUL ANTINOZZI(D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY OF BRIDGEPORT ENGAGED ANTINOZZI ASSOCIATES TO PROVIDE ARCHITECTURAL SERVICES. PAUL ANTINOZZI IS THE PRESIDENT OF ANTINOZZI ASSOCIATES.(A) NAME OF PERSON: MICHAEL KOLAKOWSKI(D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY OF BRIDGEPORT ENGAGED KBE BUILDING CORPORATION TO PROVIDE CONSTRUCTION SERVICES. MICHAEL KOLAKOWSKI IS THE PRESIDENT AND CEO OF KBE BUILDING CORPORATION. FORM 990, PART VI, SECTION A, LINE 2 CAROL JOHNSON GREEN AND HERMAN GREEN ARE MARRIED. SUSAN HECKMAN O'HARA AND THOMAS M. O'HARA ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETED COPY OF FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING. CFO, UPON COMPLETION, REVIEWS RETURN WITH THE PRESIDENT AND UNIVERSITY'S COUNSEL. CONTROLLER REVIEWS FOR FINANCIAL ISSUES. BOARD OF TRUSTEES REVIEWS PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C GENERAL COUNSEL DISTRIBUTES POLICY AND DISCLOSURE FORMS TO ALL TRUSTEES. THE TRUSTEES COMPLETE THE DISCLOSURE WHICH IS REVIEWED BY TRUSTEES OR A COMMITTEE THEREOF, AND WHO DECIDE WHETHER A CONFLICT EXISTS AND IF SO WHAT ACTION SHOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 CFO COLLECTS COMPARABLE COMPENSATION DATA RELATING TO NON-PROFIT UNIVERSITIES IN SIMILAR NON-PROFIT UNIVERSITIES. THE BOARD OF TRUSTEES COMPENSATION COMMITTEE USES THE DATA TO DETERMINE THE COMPENSATION FOR THE CEO AND PRINCIPAL UNIVERSITY OFFICERS. MINUTES OF THE COMMITTEE ACTIVITIES ARE MAINTAINED. THE CEO AND PRINCIPAL UNIVERSITY OFFICERS DETERMINE THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES AVAILABLE ITS FORMS 990 AND 990-T UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST, AT ITS ADMINISTRATIVE OFFICES IN BRIDGEPORT, CONNECTICUT. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -1,738,638. FORM 990, PART XI, LINE 2C: USED SAME PROCESS AS PRIOR YEAR.