2020-05-15T16:32:08-05:00 2019-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2018-07-01 581216007 LIFE UNIVERSITY INC % WILLIAM D JARR LIFE 7704262884 1269 BARCLAY CIRCLE MARIETTA GA 30060 WILLIAM D JARR EVP OF FINANCE 7704262884 2020-05-15 true SANDRA L FEINSMITH P01064157 4046886841 2020-05-04 73.184.37.52 58727420201365000016 2020-05-15 P A48637A4D3A10C935CF123510934335F52266694 B5C7D6451486FF9E48FCEB35A1F3D976698BA3D4 2018 2021-01-29 14:40:06Z WILLIAM D JARR 1269 BARCLAY CIRCLE MARIETTA GA 30060 79940218 false X WWW.LIFE.EDU X 1974 GA LIFE UNIVERSITY IS A NOT FOR PROFIT EDUCATIONAL INSTITUTION. 15 15 965 250 0 934604 1119680 66675536 75864140 965353 516300 120481 140309 68695974 77640429 4558750 5278970 0 0 35900529 37847464 0 0 594532 35849656 35526115 76308935 78652549 -7612961 -1012120 133137647 131360002 105379486 105412657 27758161 25947345 X Life University is a not for profit educational institution. The Mission of Life University is to empower each student with the education, skills and values needed for career success and life fulfillment based on a vitalistic philosophy. The Universitys undergraduate, graduate and professional programs each one committed to excellence in teaching, learning, research and the overall student experience offer a vision and the promise for a meaningful life, the proficiencies necessary to achieve optimum personal performance and the wisdom to become transformational leaders in an increasingly diverse, global and dynamic world. Today, Life University is sustained by its chiropractic, undergraduate, and masters programs, which set the standard of excellence in contemporary health care education. Graduates Life University graduated a total of 607 students during the 2018-2019 academic year. The number of degrees awarded (628) were as follows: COLLEGE AWARD COLLEGE OF CHIROPRACTIC 405 COLLEGE O false true 30552654 3276940 62601135 COLLEGE OF CHIROPRACTIC SEE SCHEDULE O 10152168 1522058 11593870 COLLEGE OF UNDERGRADUATE STUDIES SEE SCHEDULE O 2226600 385472 1669135 MASTERS DEGREE PROGRAM SEE SCHEDULE O 626185 94500 RESEARCH 626185 94500 43557607 true true false false false false false false false true true true false false true true false true true true true true true false false false false false true true true false false false false false false false true true true true false false false true true true false false false true 135 0 true 965 true false true CS IT false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true false true true true true GA X WILLIAM D JARR 7704262623 1269 BARCLAY CIRCLE MARIETTA GA 30060 Jeffrey Aita Trustee 2.0 0.0 X 0 0 0 Eddy Diaz Trustee 2.0 0.0 X 0 0 0 Sandra Elbaum Trustee 2.0 0.0 X 0 0 0 Kevin Fogarty Trustee 2.0 0.0 X 0 0 0 Aaron Gagnon Trustee 2.0 0.0 X 0 0 0 Richard Giuli Trustee 2.0 0.0 X 0 0 0 James Gregg Trustee 2.0 0.0 X 0 0 0 Jack Griesbaum Trustee 2.0 0.0 X 0 0 0 Jay Handt Trustee 2.0 0.0 X 0 0 0 Marc Hudson Trustee 2.0 0.0 X 0 0 0 Leana Kart Trustee 2.0 0.0 X 0 0 0 Thomas M Klapp Trustee 2.0 0.0 X 0 0 0 Joe Lupo Trustee 2.0 0.0 X 0 0 0 Brian McAulay Trustee 2.0 0.0 X 0 0 0 Rhonda Newton Trustee 2.0 0.0 X 0 0 0 Randolph O'Dell Trustee 2.0 0.0 X 0 0 0 Guy Riekeman Chancellor 40.0 0.0 X 396883 236538 4847 Robert Scott President 40.0 0.0 X 324778 0 14172 William Jarr Executive VP of Finance 40.0 0.0 X 270600 0 13535 Timothy Gross VP of Academic Affairs 40.0 0.0 X 196371 0 6455 John Downes VP Global Initiatives 40.0 0.0 X 162434 0 10808 Marc Schneider VP Student Service 40.0 0.0 X 138977 0 7171 Cynthia Boyd VP Enrollment & Marketing 40.0 0.0 X 146226 0 12226 Gilles Lamarche VP Professional Relations 40.0 0.0 X 175988 0 12554 John McGee VP Operations 40.0 0.0 X 133340 0 2285 Jana Holwick Dean College of Undergraduate 40.0 0.0 X 152767 0 6216 Leslie King Dean - College of Chiropractic 40.0 0.0 X 150033 0 6255 Gerard Clum Presidential Liaison for Exter 40.0 0.0 X 154838 0 2900 Richard Belcastro Dean, OI & Distance Education 40.0 0.0 X 122820 0 0 2526055 236538 99424 38 false true false Virtual Mindset 1266 West Paces Ferry Road ATLANTA GA 30327 IT CONSULTANTS 1079746 Allied Universal Security Services 1551 N Tustin Ave Ste 650 SANTA ANA CA 92705 Campus security 622136 Varsity Contractors Inc 1575 Henthorne Dr MAUMEE OH 43537 CUSTODIAL SERVICES 446800 Chartwells PO Box 50196 LOS ANGELES CA 900740196 Cafe Management 371012 Culinary Services Inc 1380 Business Center Dr CONYERS GA 30094 Catering 296893 15 1119680 70369 1119680 TUITION AND FEES 611710 68884502 68884502 AUXILIARY ENTERPRISES 611710 6453392 6453392 CLINICAL RECEIPTS 611710 526246 526246 75864140 333835 333835 0 0 140309 140309 0 140309 140309 2482254 2299789 182465 182465 182465 0 0 0 0 0 0 0 0 0 0 77640429 75864140 656609 0 5248970 5248970 30000 30000 0 2649154 963990 1548082 137082 0 31067271 24065890 6790612 210769 411571 337149 72431 1991 1461905 1147187 307098 7620 2257563 1776476 456329 24758 3052117 38950 3013167 178584 31331 147253 199686 199686 0 0 139626 16053 123573 5836304 925453 4827095 83756 1133708 73921 1058395 1392 2858539 1611770 1207612 39157 1624687 244893 1351814 27980 0 1186806 4005 1182801 2091632 1389523 676408 25701 0 642337 438081 198462 5794 4682018 4682018 0 7560725 4232995 3327730 919539 20592 898947 REPAIRS/MAINTENANCE 2418888 518750 1900138 AWARDS/CEREMONIES/GIFTS 953110 395951 528627 28532 STUDENT ORGANIZATION COSTS 47809 45677 2132 78652549 43557607 34500410 594532 10480994 15488976 0 0 1045645 602094 1847377 3010440 0 0 0 0 3466009 2615286 0 0 931325 608101 188232493 94502905 85987670 93729588 0 0 26233346 13235003 0 0 0 0 3145281 2070514 133137647 131360002 5604703 7218943 0 0 0 0 98894862 97450920 0 0 0 0 0 0 0 0 879921 742794 105379486 105412657 X 22531554 20620742 3201626 5326603 2024981 0 27758161 25947345 133137647 131360002 X -1012120 79446 -252476 -625666 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2999727 34441 212626 3246794 2653445 60810 285472 2999727 2282815 137771 234279 1420 2653445 2302179 6086 49550 75000 2282815 2240631 10375 94040 42867 2302179 1.00000 false false 3442320 3442320 134219605 55289267 78930338 1054451 870874 183577 34576453 26405811 8170642 14939664 11936953 3002711 93729588 INVESTMENTS 3862745 F MONEY MARKET FUNDS 9372258 F 13235003 0 OTHER LIABILITIES 742794 742794 X SCHEDULE D, PART V, LINE 4 DONOR RESTRICTED ASSETS ARE INTENDED FOR FUNDING NEEDS BASED ON INSTITUTIONAL SCHOLARSHIPS AND DONOR REQUESTS. SCHEDULE D, PART X, LINE 2 The University is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code (the "Code"). Any unrelated business income, as defined by Section 512(a)(1) of the Code is subject to income taxes. U.S. generally accepted accounting principles require the Universitys management to evaluate tax positions taken by the University and recognize a tax liability if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the University, and has concluded that as of June 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The University recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in other institutional expenses. There were no interest or penalties recognized in either of the years ended June 30, 2019 or 2018. The University established the LAH subsidiary as a C-Corporation to ensure the Universitys tax exempt status under 501(c)(3) is not jeopardized. The Universitys federal Return of Organization Exempt from Income Tax (Form 990) for the years ended June 30, 2019, 2018 and 2017 are subject to examination by the IRS. true true true true true true true false false false false false false false false true false true SCHEDULE E PART I LINE 3 THE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY VIA NEWSPAPER NOTICES AND MEDIA. ADDITIONALLY, THE UNIVERSITY POSTS ITS POLICY IN PUBLIC AREAS AND INCLUDES THE POlICY IN LITERATURE PROMOTING THE UNIVERSITY. SCHEDULE E PART I LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE FOLLOWING PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), FEDERAL PELL GRANTS, FEDERAL WORK STUDY PROGRAM, FEDERAL PERKINS LOANS, GEORGIA HOPE SCHOLARSHIP PROGRAM & THE GEORGIA LEAP GRANT PROGRAM. false Central America and the Caribbean 1 Program Services Clinic Development 87294 East Asia and the Pacific 2 Program Services Operations 745649 Europe (Including Iceland and Greenland) 1 Program Services Seminar/recruiting 145490 North America Program Services Seminar/recruiting 57997 4 4 1036430 1036430 Europe (Including Iceland and Greenland) Donation 20000 WIRE Support accrual North America sponsorship 10000 wire support accrual 2 false false false false false false true TUITION DISCOUNTS 841 5248970 PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS AnnuallY tuition discount expenditures are projected and budgeted for the upcomiNg budget cycle. Projections are prepared by the Director of Student Administrative Services, delivered to the Director of Budget and submitted for approval to the Executive Vice President of Finance and the Board of Trustees. Various constituencies across campus are "allocated" a certain amount of funding to award to students, within the budgeted amounts. These awards are submitted to the Executive Vice President of Finance for approval and then routed to the Director of Student Administrative Services who then, through the Director of Financial Aid, oversees the packaging of these awards and integration with other financial aid awards to insure that no students with federal financial aid are over-awarded. Since these awards are tuition-based, they are posted to students' accounts each quarter once schedules are locked and total tuition amounts can be verified by the Director of Student Accounts and staff. Quarterly, the Director of Student Administrative Services compares actual expenses to budgeted amounts and alerts the budget manager of any potential overages. The budget is reviewed in each case to make sure overages will not cause fiscal issues. If it appears that they will, adjustments are recommended by the Director of Budget to the Executive Vice President of Finance. X true true X X X X X X false false false false false false false false Guy Riekeman Chancellor 396883 0 0 0 0 236538 0 0 4847 0 401730 236538 0 0 Robert Scott President 299778 0 25000 0 0 0 0 0 14172 0 338950 0 0 0 William Jarr Executive VP of Finance 256600 0 14000 0 0 0 0 0 13535 0 284135 0 0 0 Timothy Gross VP of Academic Affairs 186371 0 10000 0 0 0 0 0 6455 0 202826 0 0 0 John Downes VP Global Initiatives 162434 0 0 0 0 0 0 0 10808 0 173242 0 0 0 Cynthia Boyd VP Enrollment & Marketing 146226 0 0 0 0 0 0 0 12226 0 158452 0 0 0 Gilles Lamarche VP Professional Relations 175988 0 0 0 0 0 0 0 12554 0 188542 0 0 0 Gerard Clum Presidential Liaison for Exter 154838 0 0 0 0 0 0 0 2900 0 157738 0 0 0 Jana Holwick Dean College of Undergraduate 152767 0 0 0 0 0 0 0 6216 0 158983 0 0 0 Leslie King Dean - College of Chiropractic 150033 0 0 0 0 0 0 0 6255 0 156288 0 0 0 PART I, LINE 1A Per the terms of his employment agreement, the Chancellor and/or President is afforded the benefits as indicated on line 1a. A DEVELOPMENT AUTHORITY OF THE CITY OF MARIETTA 581871019 567656EB5 2017-07-13 91932123 UNIVERSITY FACILITY & REFUNDING false false false A 0 0 91932123 6129671 0 54463879 1796439 0 788333 28753800 0 0 2018 false true true true A false false false false 0.00000 0.00000 0.00000 false false false false A false true false false 0 false 0 false false A false Dr Brian McAulay Former Provost/BOT member 137495 Consulting Services false 100 Chiropractic Daughter/Son-in-Law of Chancellor 102022 Franchise Fee and Management false X 1 3220 FMV X 1053 FMV X Chiropractic Equipment 7 18342 FMV X Gift Cards 1 300 FMV X Office Equipment 2 44454 FMV X Television 1 3000 FMV false true false FORM 990, PART III, LINE 3 Life health Systems, LLC (Midtown Clinic) ceased operations as of 12/31/2018 and assets and liabilities were assumed by Life University. FORM 990, PART III, LINE 4A THE COLLEGE OF CHIROPRACTIC The Mission of the Life University College of Chiropractic, centered on the Vertebral Subluxation Complex, is to educate, mentor and graduate skilled and compassionate Doctor of Chiropractic to be primary care clinicians, physicians, teachers, and professionals, using the Universitys core life proficiencies as their foundation. Didactic Program Activities Remediation and Retesting The DCP has moved to a system of increased, early and often assessments consistent with better practices in higher education. This has been shown to improve learning and assist in identifying students who are struggling and may need intervention in the form of remediation, advising, modification of schedule, and supplemental instruction. The DCP has identified high fail rate courses within the curriculum that pose challenges for students. As a result, the DCP created remediation and retesting opportunities for students to demonstrate competency throughout the course(s). The process consists of identified courses providing early and often assessments to identify students who are struggling and need intervention in the form of remediation, advising, modification to schedule, and supplemental instruction. There have been 964 retests with 572 passing grades. Of those passing grades, 131 of the 572 students with passing grades would not have passed the course without the opportunity to retest. Academic Policies Review and Revision The DCP modified the academic standing policies which included the creation of the DCP Progression Policy and the redefining of Academic Standing. The DCP Progression Policy was created to ensure that students were supported to progress through the program at a pace sufficient to graduate within 150% of normal time of completion. The DCP created academic standing policies as a modification of the academic restriction designations to allow for the earlier intervention of students who begin struggling academically. Elements of academic standing include academic warning, probation, and dismissal; DCP increased GPA and parameters of satisfactory academic progress to allow identification of at-risk students much earlier in the process. Pre-Clinic Courses Student Learning: Initially the Doctor of Chiropractic curriculum had six pre-clinic courses in the first six quarters to help students get acclimated to clinical reasoning and application. Those six courses have been revamped to become three pre-clinic courses that are robust and relevant to the requirements for students to be successful in the clinic. The students have clinic activities when pre-clinic courses are not offered, and there are embedded activities in corresponding classroom courses. The integration of clinical activities in the classroom enhances the congruency and consistency between the classroom and clinical skill development. As an example, in the second analysis course, students are observing and documenting patient SOAP notes at the Level III clinic. This activity is beneficial for students, early in the program, to understand the importance of clinical documentation with diverse populations in a patient care setting. Peer Mentoring The DCP developed and implemented a formal peer mentor program to increase 1st year retention of all DCP students. This program utilizes the 1st quarter students engagement and connectedness with the 8th quarter students leadership and communication skills. The DCP pairs mentors from an 8th quarter course with mentees from a 1st quarter course. The 1st quarter and 8th quarter faculty member from each course work together to create the connection. The DCP brings in Student Ambassadors as volunteers to help facilitate the activity to create a 100% student experience. The DCP chooses Student Ambassadors as volunteers because these students are an honorary group of students who participate in public relations activities and are handpicked by the President to serve as student leaders. 387 1st quarter students have participated in the program along with 248 8th quarter students participating as peer mentors. Survey data reveal that more than 90% of the 1st quarter students felt more engaged and better acclimated to the program and the University at the end of their first quarter. More than 90% of the 8th quarter peer mentors reported that it helps them to improve their rapport-building and leadership skills. More than 80% of the 1st quarter students stated that they would continue mentoring as well as looking forward to becoming a mentor when they reach 8th quarter. COLLEGE OF CHIROPRACTIC CLINIC SYSTEM The mission of the Life University Clinic System is to improve the health and wellbeing of people in the communities we serve by providing chiropractic care and other health services, centered on the Vertebral Subluxation Complex. We will maintain excellence in the educational standards of our teaching clinics and encourage all constituents of our clinics to actively participate in their own health and wellness care, and to actively participate in health and wellness programs that reach out to others in our communities. Clinical operations incorporate of a variety of chiropractic services provided to the general public inclusive of complementary services provided to a range of special populations. The clinic system is composed of several types of clinical experiences. The clinical education and patient care delivery are stratified into three levels. The educational goals and objectives are clearly spelled out for each level, and assessment tools developed to ensure that appropriate competencies are measured, and outcomes utilized to improve the clinical program. Level I Experience: The Level I clinic experience includes quarters one through nine and is where basic competencies are developing in an environment where there is close faculty supervision. The majority of patients in a Level I clinic are not expected to be complex cases. Level I Clinic: The Campus Center for Health and Optimum Performance provides health care services for the Life University student community and provided over 25,000 patient visits at no charge. The Campus Center for Health and Optimum Performance 1269 Barclay Circle Marietta, GA 30060 Level II Experience: The Level II clinic experience includes quarters ten through twelve. Students continue to develop competency and critical thinking skills, and also focus on developing competency in patient management. Although competency development continues, the student now has access to a larger volume and variety of patients with a range of conditions. The outpatient facility provided for over 50,000 patient visits with 50% of the care provided at no charge. Level II Clinic: The Center for Health and Optimum Performance provides health care services to the general public in a fee-for-service environment. The Center for Health and Optimum Performance 1415 Barclay Circle Marietta, GA 30060 Level III Experiences: Level III clinic encompasses the final quarters of the clinical education program. In Level III the student experiences integration into broader health care environments. These experiences are provided through a variety of programs; these programs may include field doctors office experiences, international satellite clinics, and/or sporting events. All off campus clinical education experiences take place at sites that have agreements and/or signed contracts with the University. Life University also owns and/or operates two community outreach clinics in the metro Atlanta area that serve special needs populations. Level III Clinics: There are currently three programs operating under the Level III programs; they are Outreach, field practice, and International Clinics. Outreach: The outreach clinics provide health care services to special needs populations in the metro Atlanta area and provided over 10,000 patient visits at no charge. Due to the high volume of patient care within the Outreach clinic, it has outgrown its current facility and the college opened a new larger facility to handle the growth in order to continue to serve the public consistent with the overall mission and goals. Outreach Clinic Program i. Community Outreach Clinic 1323 Roswell Road Suite 300W Marietta, GA 30062 ii. Community Outreach Clinic - The Extension 1507 Church Street Marietta, GA 30060 Clinic Program Activities NextGen: New Electronic Health Records Platform: The Life University Clinic System made a significant change in choosing and implementing a new electronic health records (EHR) system. In the process of selecting the best software, many factors were weighed that would be most beneficial to LIFEs entire clinic system (student, outpatient, and outreach clinics). The Universitys top five deciding factors were a software that focuses on patient care with more time interacting with patients and less screen time documenting care, user-friendly software support, optimized workflow, ability to use software for student education purposes and stability of vendor company. The chosen software was NextGen, which proved to be the most advantageous to the University and clinic system. The software is a fully integrated system including Practice Management, EHR, Revenue Cycle Management, quality auditing, mobile features, fully configurable and scalable to any size and a system that will accommodate the growth of the University. The NextGen system has proved to create a seamless transition and overall continuity of each level of the clinic. The University continues to fulfill its initiative to expand its clinical experiences for students to both domestic and international locations through its Level III clinic programs. Qualified upper-quarter students have the opportunity to participate in qualified field experiences located in doctors offices in several domestic and international locations. Additional community service provided by clinic The clinical system continues to provide complimentary public screenings and/or educational programs each month. These programs are intended to provide the community with a greater understanding of chiropractic health care and to screen the community for the presence of vertebral subluxation. Positive feedback from participants provides direction for future locations and services. FORM 990, PART III, LINEs 4B, 4C & 4D COLLEGE OF GRADUATE AND UNDERGRADUATE STUDIES The Human Ecology degree launches this Fall quarter and are beginning the admissions process for the BS Psychology at Arrendale which will start Winter 2020 quarter. Life University will celebrate graduation of its second cohort awarding the Associate of Arts in PHDSC at Lee Arrendale womens prison in January 2020. Life University applied for and has been accepted by the Gardner Institute to participate in the Institutes Retention Management Program (RMP). Participation in the RMP has assisted CGUS in identifying retention challenges specific to its student population and has provided guidance in development and implementation of solutions. A committee of faculty and staff has been appointed to lead the project. CGUS will hold an on-campus retreat in late January 2020 to review data collected and determine specific objectives and goals for the 2020-2021 academic year. Several faculty will be attending the Gardner Institute's "Gateway Course Experience" conference in Chicago in March. THE JOHN N. GARDNER INSTITUTE FOR EXCELLENCE IN UNDERGRADUATE EDUCATION IS A NON-PROFIT ORGANIZATION DEDICATED TO PARTNERING WITH COLLEGES, UNIVERSITIES, PHILANTHROPIC ORGANIZATIONS, EDUCATORS, AND OTHER ENTITIES TO INCREASE INSTITUTIONAL RESPONSIBILITY FOR IMPROVING OUTCOMES ASSOCIATED WITH TEACHING, LEARNING, RETENTION, AND COMPLETION. Life Academic Master Plan (LAMP) committee continues their work on a proposal for administration. All sub-committees have submitted their research and individual program write-ups. The CGUS dean will be meeting with the entire committee early during the Fall quarter to review the research and prioritize their recommendations. The undergraduate general education core curriculum has been revised and approved. The general education core incorporates all eight core proficiencies and has added a service-learning component to support SLP. CGUS is increasing its community outreach to individual high schools and districts. An MOU is being drafted with the Cobb County School District that mirrors the current MOU with Cherokee County School District to partner on community initiatives, provide student opportunities on campus and increase interaction between LU faculty and faculty at the various high schools. College of Online Education The Board of Trustees approved a new college and associated mission for The College of Online Education (COE), effective Fall 2019. The Mission of Life Universitys College of Online Education is to provide a high-quality global online educational experience, based on a vitalistic philosophy, that maximizes each students innate potential to pursue their goals and assume roles in leadership and the workplace through the application of integrity and principles of lasting purpose. Currently the College offers a Pre-DC program, an Associates degree in Health and Wellness, Bachelor of Science in Biology, a Bachelor of Science in Psychology and a Masters degree in Positive Psychology. A Bachelors degree in Interdisciplinary Studies will be offered during the 2020 Academic year. The COE developed a 3-year plan with developmental goals and objectives and is assessing new academic programs to add to online offerings, in conjunction with LAMP recommendations. Center for Teaching and Learning Excellence Oversaw the universitys transition to the use of master course templates in Blackboard during the Summer quarter by delivering workshops, creating course shells, conducting one-on-one meetings, and providing numerous print resources. Launched the revised CETL Professional Development Grant process. The new process includes two application tracks aligned to scholarly activities and teaching/learning activities, and it requires all recipients to share with their LIFE U colleagues the information/skills they learn at the event or conference they attend. Developed a new course design process to use with faculty in the design of online and face-to-face courses. The new process is based on the Backwards Course Design/ADDIE approach and seeks to create higher-quality courses. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A COPY OF FORM 990, PRIOR TO FILING, FOR ITS REVIEW AND APPROVAL. THE FULL BOARD OF TRUSTEES IS PROVIDED A COPY AT THE NEXT REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE ORGANIZATION'S INTERNAL CONTROL PROCEDURES, DISCUSSIONS WITH ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE MADE TO MONITOR AND ENFORCE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE INDEPENDENT BOARD MEMBERS REVIEW AND APPROVE EXECUTIVE COMPENSATION MATTERS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS THAT ARE REQUIRED BY LAW TO BE MADE AVAILABLE TO THE PUBLIC ARE AVAILABLE VIA GUIDESTAR.ORG. ALL OTHER GOVERNING AND CONFLICTS OF INTEREST DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other Changes in Net Assets IMPAIRMENT LOSS (175,674) Midtown Clinic loss (449,992) Total (625,666) FOR THE YEAR ENDED JUNE 30, 2019, THE UNIVERSITY RECORDED AN IMPAIRMENT LOSS IN THE AMOUNT OF (175,674), WHICH REPRESENTS THE NET BOOK VALUE OF DORMITORIES AND OTHER IMPROVEMENTS THAT WERE VACATED AND TAKEN OUT OF SERVICE IN JUNE 2019 FOR CONSTRUCTION OF A NEW STUDENT HOUSING AND DINING FACILITY. OTHER CHANGES IN NET ASSETS INCLUDE Loss at the Midtown Clinic for (449,992). 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