2020-04-29T18:34:59-07:00 2019-06-30 990 2018-07-01 362167855 DOMINICAN UNIVERSITY DOMI 7083662490 7900 W DIVISION STREET RIVER FOREST IL 603051099 Mark Titzer VP of Finance 7083662490 2020-04-30 69.219.216.130 2018 2020-09-22 18:59:49Z Mark Titzer 7900 W Division St River Forest IL 60305 110567867 0 X www.dom.edu X 1901 IL As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service and participate in the creation of a more just and humane world. 29 28 1731 247 0 0 11630506 15204042 87217881 87765895 1441593 1852114 1697928 4940265 101987908 109762316 34106667 35578917 0 0 43190521 43536802 0 0 3549889 23766800 28556711 101063988 107672430 923920 2089886 140583872 141628047 43944576 44509876 96639296 97118171 Dominican University provides Undergraduate and Graduate instruction to students, and administers all of its programs without discrimination of race, color, gender, religion, national or ethnic origin, disability, age, marital status, or sexual orientation. As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service and participate in the creation of a more just and humane world. 0 0 65095487 35578917 60829641 Instructional Support: Dominican University provides an intellectually integrated, mission-centered educational environment with hundreds of avenues for its students at the undergraduate and graduate levels to explore career interests and experience diverse cultures and international environments. It offers more than 50 undergraduate degree options, 25-plus graduate degrees including a PhD program, research opportunities, demanding academics, personal attention and deep interactions in classes that average 12 students. It is deeply committed to enhancing student experiences domestically and abroad. It organizes and supports 60-plus projects and learning experiences that contribute effectively to the good of local and global communities. Dominican University is ranked by U.S. News and World Report in the top tier at #11 among the master's level universities in the Midwest, and ranked 1st in the list as 'Best Value Schools' in Illinois, #1 in Social Mobility, and #14 in best Undergraduate Teaching. This University offers hundreds of avenues for undergraduate and graduate levels to explore career interests and experience diverse cultures and international environments. Dominican University is committed to the highest quality education-and an intentional affordability that makes it accessible to all. 12738047 0 11903296 Academic Support: Academic Support is provided under the leadership of the Provost and the Associate Provost of the university. Faculty are supported by the Center for Teaching Excellence whose mission is to support all faculty at all stages of their career as it relates to their role as teachers, student advisers, scholars, and citizens of the community and the university. Several faculty committees exist to allow input and transparency into core decisions of the university. The Faculty Senate provides a central voice for all faculty. The Rebecca Crown Library provides library services to students, faculty, staff and the community. 8632165 0 8066481 Student Services: Student Services is comprised mostly of the Admissions and Financial Aid offices, Dean of Students Office, Student Involvement, Student Success and Engagement, and Athletics. The Vice President for Enrollment Management oversees the Admissions and Financial Aid offices. By working closely with the marketing department, the Admissions team is responsible for recruiting new and transfer students. By complying with federal and state regulations, the Financial Aid Office is responsible for packaging financial aid for students based on limits set by federal and state governance. Most students receive some form of scholarships or grants. The Financial Aid Office undergoes an external audit each year under Uniformed Guidance. Student Services also include the Dean of Student Office which provides leadership and supervision to students while serving as a liaison between the Administration and students. The Dean of Students work closely with the Administration and students to develop policies around student life, wellness, counseling, health, and programs. The Student Involvement Office, led by the Student Success and Engagement provides leadership, training and activities to students. The Student Success and Engagement Division provides a holistic experience for students, and offers all the student activities, advising and academic support services students will need to succeed. Under the Student Success Division, the Academic Development and Support provides learning and tutoring resources, and the Career Development Department provides support to all students from their first year and continues post graduation; it actively assists all students in their career planning process, and assists with internships, job searches, and graduate and/or professional school applications. The Athletic Director oversees the university's 14 athletic sports and applies gender equity among the sports. The Athletic Department provides intercollegiate competition opportunities for student athletes of the university regardless of race, gender, ethnicity, or orientation. Through mental and physical training. The Athletic Department's mission is to provide an experience that would enhance the student's level of self-esteem, self motivation and self-actualization. It is intended that the benefits derived from sports could have a positive impact on the student. 4800325 0 7437244 AUXILIARY SERVICES - Auxiliary services include student housing, campus dining, and the Performing Arts Theater. Dominican University offers five residence halls (one at its Priory Campus). Housing includes a variety of options ranging from single and double rooms, to suites. Students who live in the residence halls are expected to purchase the campus meal plan; some specific exceptions are allowed. The campus meal plan provides a mix of 'per meal' and 'flex dollar' options. The meal plan can be used at any of the university's meal cafes. The Performing Arts Theater offers a variety of musical and theater productions. The theater productions are integrated with the Undergraduate Theater Program which supports their theater curriculum. Many students participant in the performances, assist with stage crew set up and tear down, and ticket collections. 4800325 0 7437244 91266024 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 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 1 223 0 1 1731 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Doris Dumas - Associate VP Finance 7083662490 7900 W Division St River Forest IL 60305 Kevin M Killips Chair 10.00 0 X X 0 0 0 Thomas D Abrahamson Vice Chair 10.00 0 X X 0 0 0 Anne M Kohler Vice Chair 10.00 0 X X 0 0 0 Patricia O'Neill Baker Trustee 3 0 X 0 0 0 Mary E Callow Trustee 3 0 X 0 0 0 Mark Carroll Trustee 3 0 X 0 0 0 Mary Elizabeth Cleary Trustee 3 0 X 0 0 0 Mary Ann Cronin Trustee 3 0 X 0 0 0 Paul C Darley Trustee 3 0 X 0 0 0 Thomas R Dee Trustee 3 0 X 0 0 0 Mark Fields Trustee 3 0 X 0 0 0 Manuel Flores Trustee 3 0 X 0 0 0 Mary Jo Herseth Trustee 3 0 X 0 0 0 Judith A Jewison OP Trustee 3 0 X 0 0 0 Bernadine Karge OP Trustee 3 0 X 0 0 0 Kevin McCoyd MD Trustee 3 0 X 0 0 0 Joseph Moskal Trustee 3 0 X 0 0 0 Patricia A Mulcahey OP Trustee 3 0 X 0 0 0 Martin J Noll Trustee 3 0 X 0 0 0 Antonio Ortiz Trustee 3 0 X 0 0 0 Raymond C Parmer Trustee 3 0 X 0 0 0 Mary Jo Schuler Trustee 3 0 X 0 0 0 Steven R Thomma Trustee 3 0 X 0 0 0 Hugh Toner Trustee 3 0 X 0 0 0 Crystal Vasquez Trustee 3 0 X 0 0 0 Jean Brennan Trustee 3 0 X 0 0 0 Mary Ann Brown Trustee 3 0 X 0 0 0 Steve Holli Trustee 3 0 X 0 0 0 Donna M Carroll President 65 0 X X 392585 0 376930 David Aron Faculty Trustee 40 0 X 114271 0 316 John Robinson Student Trustee 10 0 X 994 0 0 Grace Cichomska VP for University Advancement 50 0 X 209611 0 21448 Jill Albin-Hill VP for Operations and Technology, CIO 50 0 X 165982 0 37829 Jeffrey Carlson Provost & VP - Academic Affairs 50 0 X 193508 0 34027 Genaro Balcazar VP Enrollment Mgmt and Marketing 50 0 X 202189 0 16761 Mark Titzer VP for Finance 50 0 X 178876 0 15265 Claire Noonan VP for Mission and Ministry 50 0 X 103589 0 42088 Barrington Price VP for Student Success and Engagement 50 0 X 55618 0 3619 Roberto Curci Dean of Brennan School of Business 50 0 X 240052 0 57920 Kavita Dhanwada Dean of Borra College of Health 50 0 X 150582 0 52344 Khalid Razaki Professor 40 0 X 159223 0 19225 Richard Salcido Exec Director Physician Assistant Prog 50 0 X 149165 0 20621 Chad Rohman Interim Dean of RCAS 50.00 0 X 138573 0 46258 Kristen Bayer Executive Director of Nursing 50.00 0 X 137834 0 54709 Jacob Bucher Dean of College of Applied Social Sciences 50 0 X 137625 0 32856 James Winters VP for Marketing and Communications 50 0 X 77567 0 13735 2807844 0 845951 52 1 1 0 Healthcare Services Corp 25550 Network Place Chicago IL 606731255 Healthcare services 5385164 Kimco Facility Services PO Box 105956 Atlanta GA 303485956 Janitorial services 1186766 M3 Insurance 828 John Nolen Dr Madison WI 53713 Insurance services 527695 Raincoat Roofing 1750 W Parkes Drive Broadview IL 60155 Roofing Services 483040 EAB 2445 M Street NW Washington DC 20037 Student tech and marketing 478409 25 0 0 250763 78950 8514609 6359720 181244 15204042 Tuition and Fees 611310 79785848 79785848 0 0 Auxiliary Revenue 611710 7437244 7437244 0 0 Finance, Payment Plan, Transcripts 611710 400918 400918 0 0 Parking and permit fees 611710 141885 141885 0 0 0 0 0 0 87765895 1809928 0 0 1809928 0 0 0 0 0 0 0 0 330405 0 290514 0 39891 0 39891 0 0 39891 377186 0 335000 0 42186 0 42186 0 0 42186 278129 250763 180037 98092 0 98092 0 0 0 0 0 0 0 0 0 0 0 0 Wellness Center 611710 81752 81752 0 0 Pledge one-time adjustment 611710 3050313 0 0 3050313 1670217 389015 0 1281202 4802282 109762316 88236662 0 6321612 0 0 35502945 35502945 75972 75972 0 0 2001120 1242685 404145 354290 0 0 0 0 32638929 27720240 3976040 942649 1724799 1448831 225488 50480 4809721 4071178 605473 133070 2362233 2215664 73549 73020 0 0 0 0 57726 0 57726 0 83350 0 83350 0 0 0 0 0 0 0 0 0 0 0 3415818 2045736 912851 457231 457862 452077 0 5785 1217104 891384 110995 214725 1060503 901428 106050 53025 0 0 0 0 4914042 4176936 491404 245702 1166993 1043764 105722 17507 0 0 0 0 613310 497831 80760 34719 1570511 0 1570511 0 0 0 0 0 3382431 2875066 338243 169122 619517 526589 61952 30976 Pledge adjustments 3254600 2071589 1011633 171378 Contracted Food Serv 2455208 2455208 0 0 4287736 1050901 2640625 596210 107672430 91266024 12856517 3549889 10426 5793 9577207 7391674 4266560 4880147 4879641 4688064 0 0 0 0 0 0 0 0 552781 623298 131972322 59512537 73039738 72459785 43182057 46340266 50000 0 0 0 0 5025462 5239020 140583872 141628047 5598203 5480151 0 0 215178 246846 30056592 29303644 1264867 823772 0 0 0 0 0 0 6809736 8655463 43944576 44509876 X 54558375 53912096 18637781 17801602 23443140 25404473 96639296 97118171 140583872 141628047 2089886 -1611011 0 0 0 0 X X 0 1 X 1 1 1 X 12850252 13484918 11033879 11630506 15204042 64203597 12850252 13484918 11033879 11630506 15204042 64203597 64203597 1323356 1517073 1557334 1441593 1809928 7649284 176057 110228 126634 136272 39891 589082 0 0 0 0 0 0 72441963 428510908 0.88628 0.83663 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X Teaching 0 0 0 35577238 3856756 2298346 1200000 0 87349 40444991 33028471 1839914 1993076 1200000 0 84223 35577238 30280238 302904 3519187 1000000 0 73858 33028471 31317870 1392373 -1430005 1000000 0 0 30280238 30044320 2627462 -503912 850000 0 0 31317870 0.216 0.6073 0.1767 0 0 0 3070652 3070652 0 106454561 45225449 61229112 0 6524300 5702830 821470 0 13529465 8584258 4945207 0 2393344 0 2393344 72459785 0 Financial Instruments-Interest Rate Swap 7153528 Deferred Compensation 1433566 Lease Obligation 68369 8655463 X 76242659 1809928 0 0 249332 2059260 74183399 0 35578917 35578917 109762316 72342845 0 0 0 249332 249332 72093513 0 35578917 35578917 107672430 Schedule D, Part III, Line 1 Collections which are acquired mostly through donation since the University's inception are not reflected in the Statements of Activities or the Statements of Financial Position. Schedule D, Part III, Line 4 The University's permanent collection of works of art are mainly for teaching, research, and exhibition. Many pieces are identified and logged in the inventories and archives, and are displayed in many places throughout the university. Schedule D, Part V, Line 4 The University's endowment provides revenue to support its mission. It consist of approximately 190 individual funds established for a variety of purposes, mostly for student scholarships. It includes donor restricted funds, funds designated by the Board of Trustees, and pledges receivable. Net assets associated with endowed funds, including funds designated by the Board of Trustees to function as endowment, are classified and reported based on the donor's intent. The University complies with the Uniformed Prudent Management of Institutional Funds (UPMIFA) to allocate the accumulations of earnings of the funds, and follows the Board of Trustees approved Endowment Spending Policy. Schedule D, Part X, Line 2 The University has received a favorable determination letter from the Internal Revenue Service stating that the University is exempt from federal income taxes under the provisions of Section 501(c)3 of the Internal Revenue Code of 1986, as amended, except for income taxes pertaining to unrelated business income. Schedule D, Part XI, Line 2d Other: Expenses directly related to rental income = $ 69,295. Expenses directly related to fundraising = $ 180,037 Schedule D, Part XI, Line 4b Institutional discounts on tuition and fees. Also included are Federal Pell Grants of $5,104,566. Federal Pell Grants are refundable by the federal government and posted directly as credits to students' accounts. In addition, the University includes them as revenue and expenses equally. The amount of Pell Grants included were $5,104,566 and $5,135,297 in FY2019 and FY2018, respectively. Schedule D, Part XII, Line 2d Other: Expenses directly related to rental income = $ 69,295. Expenses directly related to fundraising = $ 180,037 Schedule D, Part XII, Line 4b Institutional financial aid (discounts on tuition) that are awarded to eligible students. Also included is Federal Pell Grants of $5,104,556. Prior year Federal Pell Grants were $5,135,297. 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's nondiscrimination policy is published on the external and internal school's websites, and in general paper circulation that serves segments of the community. Also it is noted in certain emails and school brochures related to student admission and programs. Schedule E, Part I, Line 6 The University receives funds from the U.S. Department of Education for several student financial assistance programs, including the Federal Pell Grant Program, Federal Supplemental Educational Opportunity Grant Program, Federal Work-Study Program, Federal Direct Lending, and the Teacher Education Assistance for College and Higher Education Grant Program. The University also receives various state funding from Illinois, which includes the Illinois Monetary Assistance Program (MAP). 1 Europe (including Iceland and Greenland) 1 1 Program Services The University's study abroad program in London 131565 Central America and the Caribbean 0 0 Investments Investments abroad in Cayman Islands 2903662 1 1 3035227 Scholarships to students East Asia and the Pacific 6 46750 Credited to Account Scholarships to students Europe (including Iceland and Greenland) 2 15500 Credited to Account Scholarships to students Sub-Saharan Africa 1 6000 Credited to Account Scholarships to students Russia and the newly independent States 1 2880 Credited to Account Scholarships to students Central America and the Caribbean 1 2850 Credited to Account Scholarships to students North America (including Canada and Mexico, but not the United States) 1 1992 Credited to Account 0 0 0 0 1 0 Schedule F, Part I, Line 1 The University awards students aid (discounts on tuition) based on their academic and financial information. Schedule F, Part I, Line 2 The University has a program that takes place in London. Students participated in the program in FY 2018-19. According to university policies, students who are enrolled part and full-time, and are degree seeking, are able to apply any institutional aid to their billed tuition accounts, even when they study abroad. Schedule F, Part I, Line 3 The University has a study abroad program for students that takes place in London. Students who are awarded financial aid are able to apply this aid to their tuition balances while they study abroad. The University also has investments and have invested in hedged activities in the Cayman Island. The university engages independent consultants/managers to manage its investments based on the University's Board of Trustees approved Investment Policy Statement. Schedule F, Part IV The University's awards all financial aid to students and complies with the requirements of the U.S. Department of Education. In compliance with University policies, the University awarded $75,972 in institutional aid to foreign national students. Total foreign national students were 82 of which 12 received institutional aid. Benefit Concert-Annual 528892 250763 278129 5500 0 19845 71535 46075 37082 0 0 528892 250763 278129 5500 0 19845 71535 46075 37082 180037 98092 1 Institutional Scholarships to students 2228 35578917 0 The University awards scholarships to eligible domestic and foreign national students. Also included in this amount is Federal Pell Grants awarded to students, but funded by the federal government. The amount of Federal Pell Grants is $5,104,566. Schedule I, Part I, Line 2 The University awards aid through the Financial Aid Office after applying federal and state laws. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Donna M Carroll President 353085 0 0 0 15000 0 387160 0 14270 0 769515 0 0 0 Roberto Curci Dean of Brennan School of Business 217612 0 0 0 0 0 40392 0 39968 0 297972 0 0 0 Grace Cichomska VP for University Advancement 185111 0 0 0 0 0 44100 0 1848 0 231059 0 0 0 Jeffrey Carlson Provost & VP - Academic Affairs 174071 0 0 0 0 0 34987 0 18477 0 227535 0 0 0 Genaro Balcazar VP for Enrollment Management and Marketing 183689 0 0 0 0 0 33300 0 1961 0 218950 0 0 0 Kavita Dhanwada Dean of Borra College of Health Sciences 134568 0 0 0 0 0 28825 0 39532 0 202925 0 0 0 Jill Albin-Hill VP for Operations and Technology, CIO 148846 0 0 0 0 0 30845 0 22885 0 202576 0 0 0 Mark Titzer VP for Finance 160376 0 0 0 0 0 33300 0 465 0 194141 0 0 0 Chad Rohman Interim Dean of Rosary College of Arts and Sciences 123883 0 0 0 0 0 26442 0 34506 0 184831 0 0 0 Khalid Razaki Professor 135191 0 0 0 0 0 43257 0 0 0 178448 0 0 0 Jacob Bucher Dean of College of Applied Social Sciences 125487 0 0 0 0 0 12138 0 32856 0 170481 0 0 0 Richard Salcido Executive Director Physician Assistant Program 124883 0 0 0 0 0 43708 0 1195 0 169786 0 0 0 Kristen Bayer Executive Director of Nursing 133552 0 0 0 0 0 7708 0 51283 0 192543 0 0 0 Schedule J, Part I, Line 1a Payments for the business use of personal residence. The University makes an annual payment of $15,000 to the President for the use of her home for university functions. This arrangement is authorized by the Board of Trustees and is included as part of the President's employment contract. It is also included in the President's taxable income. Schedule J, Part I, Line 4 The Board of Trustees established a Deferred Compensation Plan and a Non Qualified 457(F) Plan for the President of the University. The amount accrued in calendar year 2018 for the Deferred Plan was $304.000; the amount accrued in the Non Qualified Plan 457(F) was $39,060. These amounts are included as Deferred Income on both Part VII and on Schedule J. The President may exercise these plans upon separation from the University. A Village of River Forest Cook County IL 366006070 2014-10-28 3074527 Bond Refinance 0 1 0 B Village of River Forest Cook County IL 366006070 2014-10-10 10000000 Bond Refinance 0 1 0 C Illinois Finance Authority 861091967 2014-08-20 19800000 Bond Refinance 0 0 0 A 628197 0 3074527 0 0 0 0 0 0 0 3074527 0 1 0 1 1 B 2043231 0 10000000 0 0 0 0 0 0 0 10000000 0 1 0 1 1 C 0 0 19800000 0 0 0 0 0 0 0 0 19800000 1 0 1 1 A 0 0 1 1 0 0 0 0 B 1 1 1 1 0 0.050 0.050 0 0 0 C 0 0 1 1 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 Schedule K, Part I, Column a-10/28/2014 3,074,527 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a 2000 Demand Revenue Bond and a 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014, and are set to mature on August 5, 2024. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publically traded. Schedule K, Part I, Column b-10/10/2014 10,000,000 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a 2000 Demand Revenue Bond and a 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014, and are set to mature on August 5, 2024. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publically traded. Schedule K, Part I, Column c-08/20/2014 19,800,000 Illinois Finance Authority In March 2006, the University issued $30,000,000 of 30 year adjustable-rate demand revenue bonds through the Illinois Finance Authority. The proceeds were used to acquire, construct, and equip certain projects of the University's facilities. In August 2014, the University refinanced the outstanding balance of the above mentioned bond. Funding was provided through a $19,800,000 Illinois Finance Authority Revenue Refunding Bond, Series 2014. The Refunding Bond was purchased by Fifth Third Bank (formerly MB Financial Bank) on August 5, 2014, and has a 10-year maturity date of year 2024. Upon completion of the purchase, the debt was unsecured, and was no longer publically traded. The interest rate of the Series 2014 bonds are set weekly on 70% LIBOR plus designated basis points determined at the beginning of each interest period. X 35000 FMV X 18 124103 FMV X 1 1024 FMV X 10 19167 FMV X Golf Games, Food and Beverages 3 1950 FMV 0 0 1 0 Schedule M, Part I The University receives stock gifts from donors which are liquidated and included in the Statement of Activities upon sale. The University also receives gifts in kind which are not recorded on the general ledger, but are tracked for reporting purposes. Form 990, Part VI, Section A, Line 1a The affairs of the University are managed by the Board of Trustees. The Board of Trustees have exclusive responsibility for the determination of policy for the Corporation, including the general outlines of procedures essential to implement policy, but the administration of the ordinary activities of the University shall be conducted by the officers and other persons appointed by the officers for that purpose. Subject to the rights of the Members, the responsibilities of the Board of Trustees include, but are not limited to, the following: (a) Appoint or remove the President and other officers of the University in accordance with these Bylaws; (b) Approve degrees in courses upon the recommendation of faculty and honorary degrees on the recommendation of the President; (c) Grant tenure upon the recommendation of the President; (d) Establish and review the educational programs of the University; (e) Oversee long-range planning which ensures that goals, programs, services and functions of the University are consistent with the mission and with educational needs and opportunities; (f) Authorize any changes in tuition and any material changes in fees within the University; (g) Establish annually the budget of the University, which shall be submitted to it upon recommendation of the Finance and Investment Committee; (h) Authorize the construction of new buildings and renovation of existing buildings and assure the proper management of the physical plant; (i) Approve and participate in a comprehensive financial development program to add to the current, special and endowment resources of the University; (j) Authorize officers or agents of the University to accept gifts for the University; (k) Recommend to the Members the acquisition, purchase, sale, mortgage, lease, transfer or encumbrance of the real property owned or proposed to be owned by the University; (l) Require an independent yearly certified audit of financial accounts, records and resources by a certified public accountant. (m) Periodically review these Bylaws and recommend changes to the Members. The President of the University serves as an Ex Officio Trustee Member and has voting rights. Form 990, Part VI, Section A, Line 1b The President of the University, Ex Officio Member, has voting rights, but is not independent. Form 990, Part VI, Section A, Line 6 The Members of the University consist of three (3) to nine (9) persons. Each Member shall serve a term of that number of years determined by the Members as the length of term for Members. When vacancies among the Members occur by reason of death, resignation, failure of qualification, or otherwise, the number shall be reduced by such vacancies until qualified replacements are selected by the remaining Members for unexpired terms. Any Member may resign by filing a resignation with the Elected Chair (unless the Elected Chair is the person resigning, in which case the resignation shall be filled with the remaining Members.) Unless otherwise stated in a resignation, it shall take effect when received by the person or person(s) to whom delivered as specified above, without any need for its acceptance. Any Member may be removed with or without cause by the affirmative vote of a majority of the Members. Members shall be the Prioress, general Councillors or delegates as determined by the Members, and the General Finance Officer of the Sinsinawa Dominican Congregation. Form 990, Part VI, Section A, Line 7a The Members may appoint, in their sole discretion, different Members: (A) When the Members, in their sole discretion, decide to increase the number of Members (within limitations set forth in Article II, Section 1); (B) When vacancies occur by reason of death, resignation, failure of qualification, or otherwise. At all times, the Members shall be comprised of a majority of persons who are elected officials of the Sinsinawa Dominican Congregation. At all times up to three Trustees may be elected by the Members of the Corporation and such Trustees shall be Members of the Corporation or a Sinsinawa Dominican ot other individual recommended by the Members for such terms as may be designated by the Members of the Corporation (The Member designated Trustees). Form 990, Part VI, Section A, Line 7b The responsibilities of the Members include the following: (a) To approve the mission of the University, and to assure continuing harmony between the mission of the Sinsinawa Dominican Congregation and the mission of the University. (b) To amend, restate, or modify the Articles of Incorporation and the Bylaws of the University. (c) To approve the acquisition, purchase, sale, mortgage, lease, transfer, or encumbrance of the real property owned by the Corporation. (d) To ratify the appointment, removal, or replacement of any one or more of the Trustees. (e) To approve any plan for dissolution, merger, consolidation, or liquidation of the Corporation. Members shall be the Prioress, general Councillors or delegates as determined by the Members, and the General Finance Officer of the Sinsinawa Dominican Congregation. Form 990, Part VI, Section A, Line 8a The Board of Trustees were comprised of 29 voting members, a faculty Trustee and a student Trustee. Several sub-committees of the Board, who act on behalf of the Board of Trustees, exist to manage specific meeting agendas. Written meeting Minutes are prepared at each sub-committee, and are brought forth to the Board of Trustees. Action items are approved by the Board of Trustees. Form 990, Part VI, Section A, Line 8b The Board of Trustees were comprised of 29 voting members, a faculty Trustee and a student Trustee. Several sub-committees of the Board, who act on behalf of the Board of Trustees, exist to manage specific meeting agendas. Written meeting Minutes are prepared at each sub-committee, and are brought forth to the Board of Trustees. Action items are approved by the Board of Trustees. Form 990, Part VI, Section B, Line 11b The tax returns are prepared by Management of the University and reviewed by an independent and external audit firms. These returns are provided, in advance by private email, to the Audit and Risk Management Committee of the Board of Trustees for review and discussion. The Audit and Risk Management Committee reviews and approves the tax returns. By private email, a copy of the tax return is made available to all members of the Board of Directors prior to being filed. Once all reviews are done, and after the Vice President for Finance's final review, the tax returns are electronically filed. Form 990, Part VI, Section B, Line 12c The University has a written Conflict of Interest Policy that has been approved by the Board of Trustees. It covers each Board of Trustee Member, Officers, and Key employees (covered members) of the University. The Policy requires, annually, that each covered member reviews the policy and discloses any possible personal, family, or business relationship that could give rise to a conflict involving the University. The scope of the conflict includes any material facts of a proposed transaction, and the covered person's interest or relationship in respect to the transaction. Management of the University follows up to ensure timely responses are received, and reviews the responses to determine whether a conflict exist. If a conflict exist, the covered member (Board of Trustees member) must excuse themselves from being included when the Committee takes action on a proposed transaction, but can be included in a quorum count. Form 990, Part VI, Section B, Line 15 Compensation for the President of the University is determined by the Board of Trustees. Annually, they determine the base compensation based on the comparability data provided by Human Resources. Any bonuses and other indirect compensation is based on meeting stated goals, which are approved by the Executive Committee of the Board of Trustees and included as part of the President's contract. For all other top management positions such as officers, key employees, and academic deans, the President determines the initial compensation based on the data that the Director of Human Resources gathered in relation to market data for similar positions. Annually the Director of Human Resources reviews all compensation including the senior or top management for equity. Any compensation recommendation is approved by the President and the Vice President for Finance. The compensation review process for the President, Officers, and Key employees is completed on an annual basis. Form 990, Part VI, Section C, Line 19 Dominican does not make its governing documents, conflict of interest policy, and financial statements available to the public but they are available upon requests. Form 990, Part XII, Line 2c Management of the University prepares the annual audit. Independent auditor teams audit the operational and financial data. Oversight of this process is the Audit and Risk Management Committee of the Board of Trustees, who appoints the independent audit firm. SINSINAWA DOMINICAN CONGREGATION 585 Country Road Sinsinawa WI 53824 390816854 Ministry WI 501 (C) (3) Line 1 N/A 0 Irrevocable Charitable Trust BMO Private Bank 111 W Monroe St Chicago IL 60603 Interest in an Irrevocable Trust IL BMO Harris Bank-Trustee T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Irrevocable Charitable Trust s 109556 The University is the recipient of an irrevocable perpetual trust from a donor's estate and has a interest in the trust's income. It will never receive the assets held in the trust. Schedule R, Part II Founded in 1901 as St. Clara College in Sinsinawa, Wisconsin, home of the Sinsinawa Dominicans, Dominican University began as a women's college under the fundamental values that continue to guide the university today. Its rigorous education, diversity of thought, its commitment to social justice, and close mentoring of students to enable them to make a positive difference in the world. In 1922, the university relocated to its current location in River Forest, Illinois, where it was renamed to Rosary College. The new college rapidly expanded its curriculum and reach into the next decades establishing the nation's first study abroad programs, launching graduate programs and becoming coeducational. To reflect its stature as a respected, comprehensive and modern university, it was renamed to Dominican University in 1997. Today, Dominican is a premier Catholic University that ranks among the top masters' level universities in the Midwest. While maintaining its core Catholic identity, the University enrolls and mentors students of all faith backgrounds. Living out the ideals of founding sisters and those of Father Samuel Mazzuchelli, founding Father of the Sinsinawa Dominicans, the university is committed to giving compassionate service and to participating in the creation of a more just and humane world. Gifts received from the Sinsinawa Dominican Order in the Fiscal Year 2018-2019 was $78,950. Dominican University filed for an automatic extension and was approved for filing. the revised filing due date is May 15, 2020.