2020-04-15T17:24:23-05:00 2019-05-31 450250958 EIDE BAILLY LLP 400 PINE ST STE 600 ABILENE TX 796015190 990 2018-06-01 741161940 UNIVERSITY OF MARY HARDIN-BAYLOR UNIV 2542954169 900 COLLEGE STREET BELTON TX 76513 JENNIFER RAMM VP FOR BUSINESS & FINANCE 2542954169 2020-04-15 1 JOE MELSON CPA P00158111 3256724000 2020-04-15 216.147.181.48 2020-04-15 15:56:00 CD P 4B7FEDDDB59CEC5B972D12EC8AB2EFC11308F9F0 CB2D3D56F18621F6D63A678C86093728159AB625 2018 2021-01-29 14:40:06Z RANDAL O'REAR 900 COLLEGE ST BOX 8003 BELTON TX 76513 144400511 0 X WWW.UMHB.EDU X 1845 TX THE UNIVERSITY OF MARY HARDIN-BAYLOR PREPARES STUDENTS FOR LEADERSHIP, SERVICE, AND FAITH-INFORMED DISCERNMENT IN A GLOBAL SOCIETY. ACADEMIC EXCELLENCE, PERSONAL ATTENTION, BROAD-BASED SCHOLARSHIP AND A COMMITMENT TO A BAPTIST VISION FOR EDUCATION DISTINGUISH OUR CHRIST-CENTERED LEARNING COMMUNITY. 36 35 1824 44 6042 3626 8710759 10439543 108675881 114627491 5400010 5493569 2795 6042 122789445 130566645 26947272 29453520 0 0 47345696 48606671 0 0 2059054 36066863 37925787 110359831 115985978 12429614 14580667 345096099 351192622 89357644 85717550 255738455 265475072 X THE UNIVERSITY OF MARY HARDIN-BAYLOR PREPARES STUDENTS FOR LEADERSHIP, SERVICE, AND FAITH-INFORMED DISCRENMENT IN A GLOBAL SOCIETY. ACADEMIC EXCELLENCE, PERSONAL ATTENTION, BROAD-BASED SCHOLARSHIP AND A COMMITMENT TO A BAPTIST VISION FOR EDUCATION DISTINGUISH OUR CHRIST-CENTERED LEARNING COMMUNITY. 0 0 107099711 29453520 114627491 THE UNIVERSITY OF MARY HARDIN-BAYLOR PROVIDES AN EXCELLENT, CHRIST-BASED EDUCATIONAL EXPERIENCE FOR MORE THAN 3,900 STUDENTS ANNUALLY. THE UNIVERSITY AUGMENTS ITS HIGH-QUALITY CURRICULUM WITH STUDENT SERVICES AND CAMPUS ACTIVITIES WHICH SUPPORT STUDENTS' GROWTH BOTH ACADEMICALLY AND SPIRITUALLY. AUXILIARY SERVICES SUCH AS CAMPUS HOUSING AND MEAL PLANS ARE DESIGNED TO MEET THE NEEDS AND TASTES OF TODAY'S STUDENTS; WHEN COMBINED WITH OUTSTNDING ACADEMIC AND SPORTS FACILITIES, THEY FORM A POSITIVE ENVIRONMENT WHICH CONTIBUTES TO STUDENT SUCCESS. 107099711 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 127 0 1 1824 1 1 1 0 0 0 0 0 0 0 0 0 X 36 35 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JENNIFER RAMM 2542955527 900 COLLEGE ST BOX 8003 BELTON TX 76513 JACK PHELPS CHAIR 1.00 X 0 0 0 DRAYTON MCLANE III SECRETARY 1.00 X 0 0 0 ALAN BARCLAY TRUSTEE 1.00 X 0 0 0 ANNE HALBERT TRUSTEE 1.00 X 0 0 0 LESKA HENDRICKS TRUSTEE 1.00 X 0 0 0 CAMILLE DILLARD TRUSTEE 1.00 X 0 0 0 CARL HUDSON TRUSTEE 1.00 X 0 0 0 CINDY ROBERTS TRUSTEE 1.00 X 0 0 0 DAN TOSTROUD TRUSTEE 1.00 X 0 0 0 DAVID E LEIGH TRUSTEE 1.00 X 0 0 0 DEAN WINKLER TRUSTEE 1.00 X 0 0 0 DELIA QUINTANILLA TRUSTEE 1.00 X 0 0 0 DON RINGLER TRUSTEE 1.00 X 0 0 0 DR MARTIN KNOX TRUSTEE 1.00 X 0 0 0 DR STEVE WALKER TRUSTEE 1.00 X 0 0 0 ERNIE ROBERTS TRUSTEE 1.00 X 0 0 0 GENE NAKAYAMA TRUSTEE 1.00 X 0 0 0 GORDON WIGGERS TRUSTEE 1.00 X 0 0 0 JANE POTTER TRUSTEE 1.00 X 0 0 0 JANIE MARIE MINTEN TRUSTEE 1.00 X 0 0 0 JANNA SLECHTA TRUSTEE 1.00 X 0 0 0 JASON WILCOX TRUSTEE 1.00 X 0 0 0 RYAN LINSEY TRUSTEE 1.00 X 0 0 0 JOHN MESSER TRUSTEE 1.00 X 0 0 0 JOHNNIE PECHAL TRUSTEE 1.00 X 0 0 0 MIKE HARKRIDER TRUSTEE 1.00 X 0 0 0 NELDA SANDERS TRUSTEE 1.00 X 0 0 0 PERRY FLUCHER TRUSTEE 1.00 X 0 0 0 ROBERT GALLIGAN TRUSTEE 1.00 X 0 0 0 TAMARA CROSS TRUSTEE 1.00 X 0 0 0 TED BARTLEY TRUSTEE 1.00 X 0 0 0 TRAVIS BURLESON TRUSTEE 1.00 X 0 0 0 VINCE J BANKS TRUSTEE 1.00 X 0 0 0 VINCENT ARRIAGA TRUSTEE 1.00 X 0 0 0 WILLIE ROBERTSON TRUSTEE 1.00 X 0 0 0 REV ANDY DAVIS VICE CHAIR 1.00 X 0 0 0 STEVE THEODORE COO & SR VP FOR ADMIN 40.00 X 289679 0 69943 RANDAL O'REAR PRESIDENT 40.00 X 521995 0 120263 JOHN VASSAR PROVOST & SR VP FOR ACADEM 40.00 X 239041 0 53598 JENNIFER RAMM VP FOR BUSINESS & FINANCE 40.00 X 223797 0 31489 COLIN WILBORN DEAN - EXECUTIVE DEAN, MAYBORN COLLEGE OF HEALTH S 40.00 X 203163 0 30587 KENNETH SMITH DEAN - MCLANE COLLEGE OF BUSINESS 40.00 X 167807 0 37546 CLIFF FOSTER DEAN - SCHOOL OF EXERCISE 40.00 X 199798 0 31504 DANIEL MYNATT VICE PROVOST FOR INSTITUTI 40.00 X 174308 0 37992 SUSAN OWENS VP OF HUMAN RESOURCES 40.00 X 196085 0 30880 2215673 0 443802 54 0 1 0 BARTLETT COCKE GENERAL CONTRACTORS LLC 8706 LOCKWAY SAN ANTONIO TX 78217 CONSTRUCTION 13646836 SODEXO SERVICES OF TEXAS LLC POBOX 352 BUFFALO NY 14240 FOOD SERVICE 2780253 LEE LEWIS CONSTRUCTION INC 7810 ORLANDO AVE LUBBOCK TX 79423 CONSTRUCTION 1565448 SSC SERVICE SOLUTIONS 1845 MIDPARK RD SUITE 201 KNOXVILLE TN 37921 HOUSEKEEPING 1510096 EAB GLOBAL 2445 M STREET NW WASHINGTON DC 20037 RECRUITING 1156126 29 579021 9860522 10439543 TUITION AND FEES 611710 96070766 96070766 AUXILIARY ENTERPRISES 611710 15232569 15232569 STUDENT RELATED CHARGES 611710 3324156 3324156 114627491 5228034 5228034 14099401 13833866 265535 265535 265535 SPONSORSHIP UBIT REVENUE 900099 6042 6042 6042 130566645 114627491 6042 5493569 29037261 29037261 416259 416259 2547051 1166895 1099768 280388 34842229 31549503 2426258 866468 1986392 1813314 122004 51074 6697838 5685475 719570 292793 2533161 2229181 227985 75995 69701 14106 55595 51400 51400 4630928 4630928 232204 189757 42447 3538736 3100492 209549 228695 2432723 2401128 31595 2633783 2501001 71590 61192 141110 128672 7391 5047 2665059 2665059 11172755 11172755 1268557 1268557 SERVICES 4858858 3425795 1290512 142551 OTHER EXPENSES 3068255 2541855 471549 54851 BOOKSTORE PURCHASES 1161718 1161718 115985978 107099711 6827213 2059054 2169950 6381347 17698408 18387411 4557990 3446255 1081556 688395 679027 2307314 494199 536188 508842 388313 301559448 103189272 196182455 198370176 121723672 120687223 345096099 351192622 10555414 11371504 1901607 2169131 61176353 55901731 15724270 16275184 89357644 85717550 X 160151462 173065630 43828462 33404194 51758531 59005248 255738455 265475072 345096099 351192622 X 14580667 -4321945 -522105 X 0 1 X 1 1 1 X 6372304 5666139 10240633 8713554 10445585 41438215 6372304 5666139 10240633 8713554 10445585 41438215 2181271 39256944 4481607 4503060 4962878 4894865 5228034 24070444 5547 5615 5530 2795 6042 25529 65534188 0.59900 0.63370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88196796 668894 836247 3522132 86179805 82454031 2157012 7133325 3547572 88196796 74967890 1509390 8159167 2507366 82129081 80752124 1083155 -4466702 2400687 74967890 78817010 1333717 2926204 2324807 80752124 0.10000 0.60850 0.29160 0 0 7244467 7244467 225337399 61264552 164072847 39186457 30992781 8193676 29791125 10931939 18859186 198370176 OTHER S/T INVESTMENTS 245999 F CORPORATE STOCKS & BONDS 743989 F MUTUAL FUNDS 2828453 F UNIT INVESTMENT TRUSTS 299715 F REAL EST & MINERAL INTS 882839 F GOVERNMENT BONDS 27409 F MUNICIPAL OBLIGATIONS 78122 F INVESTMENTS CARRIED AT NAV 115580697 F 120687223 ACCRUED POST RETIREMENT BENEFITS 14571963 ANNUITIES PAYABLE 1117399 STUDENT LOANS REFUNDABLE 585822 16275184 X 96981334 -4321944 -29263367 -33585311 130566645 0 130566645 87267171 734713 734713 86532458 29453520 29453520 115985978 PART X, LINE 2: UNIVERSITY OF MARY HARDIN-BAYLOR IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNIVERSITY OF MARY HARDIN-BAYLOR HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE TAX REFORM ACT OF 1969 AND CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS; ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS LIABLE FOR ANY FEDERAL INCOME TAXES RESULTING FROM CERTAIN UNRELATED BUSINESS INCOME. FOR FISCAL YEARS 2019 AND 2018, THERE WAS NO LIABILITY FOR ANY FEDERAL INCOME TAX RESULTING FROM UNRELATED BUSINESS INCOME. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED ON ANDPENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN TAX EXPENSE. DURING THE YEARS ENDED MAY 31, 2019 AND 2018, THE UNIVERSITY RECOGNIZED NO INTEREST AND PENALTIES. BASED ON MANAGEMENT'S ANALYSIS, THE UNIVERSITY DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF MAY 31, 2019 AND 2018. THE UNIVERSITY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THERE ARE CURRENTLY NO INCOME TAX EXAMINATIONS UNDERWAY FOR THIS JURISDICTION. AS OF MAY 31, 2019, THE UNIVERSITY'S TAX YEARS 2016 TO 2019 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS / DISCOUNTS -29,453,520. UMHB FOUNDATION CONSOLIDATION 107,695. GAIN ON DISPOSAL OF ASSETS 82,458. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENT TO ANNUITIES 2,388. POST RETIREMENT BENEFIT CHANGES 602,175. UMHB FOUNDATION CONSOLIDATION 130,150. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF SCHOLARSHIPS / DISCOUNTS 29,453,520. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UMHB PUBLISHES ITS NONDISCRIMINATION POLICY ON ITS WEBSITE, CATALOG, STUDENT HANDBOOK AND APPLICATION FOR ADMISSION. DURING THE REGISTRATION PERIOD, IT IS ALSO PUBLISHED IN LOCAL NEWSPAPERS. SCHEDULE E, PART I, LINE 6 UMHB RECEIVES SCHOLARSHIP GRANTS FROM FEDERAL AGENCIES AND THE STATE OF TEXAS TO ASSIST STUDENTS WITH THEIR COSTS OF EDUCATION. UMHB PARTICIPATES IN THE DIRECT LOAN PROGRAM WHICH PROVIDES STUDENTS FEDERAL SUBSIDIZED LOANS TO ASSIST WITH THEIR EDUCATION COSTS. 0 0 0 0 0 0 0 0 0 FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 26 113480 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 14378 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 56 113858 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 3 18450 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS NORTH AMERICA 4 75908 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS SOUTH AMERICA 1 27369 APPLY AGAINST STUDENT ACCOUNT CHARGES FINANCIAL AID LOANS, GRANTS OR SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 52816 APPLY AGAINST STUDENT ACCOUNT CHARGES 0 0 0 0 0 0 1 SCHOLARSHIPS TO VARIOUS STUDENTS 3444 29037261 PART I, LINE 2: FOR ALL SCHOLARSHIP FUNDS, FINANCIAL AID HAS ESTABLISHED SPECIFIC CRITERIA FOR ELIGIBILITY AND SELECTION. THE ELIGIBILITY REQUIREMENTS ARE DOCUMENTED AND MONITORED FOR COMPLIANCE. SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION BILLS. X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 STEVE THEODORE COO & SR VP FOR ADMIN 232429 0 52400 0 4850 0 24000 0 45943 0 359622 0 0 0 RANDAL O'REAR PRESIDENT 388719 0 116500 0 16776 0 27500 0 92763 0 642258 0 0 0 JOHN VASSAR PROVOST & SR VP FOR ACADEM 203371 0 32150 0 3520 0 12542 0 41056 0 292639 0 0 0 JENNIFER RAMM VP FOR BUSINESS & FINANCE 184794 0 39003 0 0 0 18500 0 12989 0 255286 0 0 0 COLIN WILBORN DEAN - EXECUTIVE DEAN, MAYBORN COLLE 150184 0 11800 0 41179 0 12300 0 18287 0 233750 0 0 0 KENNETH SMITH DEAN - MCLANE COLLEGE OF BUSINESS 165957 0 1800 0 50 0 16398 0 21148 0 205353 0 0 0 CLIFF FOSTER DEAN - SCHOOL OF EXERCISE 128983 0 1450 0 69365 0 19697 0 11807 0 231302 0 0 0 DANIEL MYNATT VICE PROVOST FOR INSTITUTI 147741 0 11650 0 14917 0 16916 0 21076 0 212300 0 0 0 SUSAN OWENS VP OF HUMAN RESOURCES 154458 0 41607 0 20 0 15934 0 14946 0 226965 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE IN ON-CAMPUS HOUSING. THE VALUE OF EMPLOYER-PROVIDED HOME IS INCLUDED IN SCHEDULE J, PART II, COLUMN D - NON-TAXABLE BENEFITS. PART I, LINE 7 FROM TIME TO TIME, THE UNIVERSITY PROVIDES DISCRETIONARY FLEXIBLE COMPENSATION TO ADMINISTRATORS, FACULTY AND STAFF. ANY DISCRETIONARY COMPENSATION IS EVALUATED AND APPROVED BY INDEPENDENT PARTIES. A WALLIS HIGHER EDUCATION 760599530 2005-01-18 6000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 B ROMAN FOREST HIGHER EDUCATION 200431603 2002-12-31 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 C CRAWFORD HIGHER EDUCATION FACILITIES 721536594 2009-07-15 5000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 D CRAWFORD HIGHER EDUCATION FACILITIES 721536594 2010-02-25 6000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 A 5465357 6000000 2006 0 0 1 1 B 7143686 10000000 2003 0 0 1 1 C 2477000 5000000 61728 4938272 2012 0 0 1 1 D 5274300 6000000 52000 5948000 2010 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 1 1 BANK OF AMERICA 15.000000000000 1 0 0 0 0 B 0 0 1 0 1 1 BANK OF AMERICA 20.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 FROST CAPITAL 10.000000000000 1 0 0 0 0 D 0 0 1 0 1 1 FROST CAPITAL 10.000000000000 1 0 0 0 0 A 1 B 1 C 1 D 1 A CRAWFORD HIGHER EDUCATION FACILITIES 721536594 2010-12-15 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 B MILFORD HIGHER EDUCATION FACILITIES CORP 752383037 2011-12-06 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 C MILFORD HIGHER EDUCATION FACILITIES CORP 752383037 2012-05-22 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 D MILFORD HIGHER EDUCATION FACILITIES CORP 752383037 2013-05-21 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 A 4492345 10000000 49000 9951000 2011 0 0 1 1 B 2817503 10000000 65530 9934470 2012 0 0 1 1 C 2706389 10000000 51500 9948500 2012 0 0 1 1 D 2501491 10000000 45500 9954500 2013 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 1 1 FROST CAPITAL 15.000000000000 1 0 0 0 0 B 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 D 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 A 1 B 1 C 1 D 1 A MILFORD HIGHER EDUCATION FACILITIES CORP 752383037 2014-11-06 9877000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 B MILFORD HIGHER EDUCATION FACILITIES CORP 752383037 2015-05-21 6000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 C VAN ZANDT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP 263769733 2017-06-15 10000000 CONSTRUCTION CAMPUS FACILITIES 0 0 0 A 1927443 9877000 43000 9834000 2014 0 0 1 1 B 907918 6000000 42001 5957999 2015 0 0 1 1 C 958333 10000000 84469 9915531 2017 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 B 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 FROST CAPITAL 20.000000000000 1 0 0 0 0 A 1 B 1 C 1 44880 DISCOUNTED TUITION EDUCATIONAL ASSISTANCE DEAN WINKLER TRUSTEE / BUSINESS OWNER CRW CONSTRUCTION 782824 CONSTRUCTION / REMODELSEALED BIDS WERE SUBMITTED. CONTRACTOR WAS SELECTED THROUGH NORMAL COURSE OF REVIEW AND EVALUATION OF THOSE BIDS. 0 SCHEDULE L, PART III SCHEDULE L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONSDISCOUNTED TUITION WAS AWARDED TO TWO OFFICER/OFFICERS' RELATIVESACCORDING TO TUITION REMISSION BENEFITS OFFERED TO ALL FULL-TIMEFACULTY AND STAFF. FORM 990, PART VI, SECTION A, LINE 4 AMENDED BYLAWS OCTOBER 2018. AMENDMENT GRADUALLY REDUCES THE NUMBER OF BOARD MEMBERS TO 30 MEMBERS BY 2023 AND REMOVES 4 STANDING COMMITTEES SO THAT THE ENTIRE BOARD MAY RECEIVE MORE INFORMATION REGARDING OPERATIONS OF THE UNIVERSITY FORM 990, PART VI, SECTION A, LINE 7A THE UMHB BOARD OF TRUSTEES IS COMPRISED OF 36 MEMBERS. 17 MEMBERS ARE ELECTED BY THE UMHB BOARD OF TRUSTEES AND 19 MEMBERS ARE ELECTED BY THE BAPTIST GENERAL CONVENTION OF TEXAS. TRUSTEES ELECTED BY THE BGCT ARE NOMINATED AND ELECTED IN ACCORDANE WITH BGCT'S BYLAWS AT ITS FALL CONVENTION EACH YEAR. ELECTED TRUSTEES ASSUME THEIR OFFICE ON THE FOLLOWING JANUARY AND SERVE FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION AND SUPPORTING SCHEDULES FOR THE TAX RETURN ARE PREPARED BY THE UNIVERSITY'S STAFF. THE UNIVERSITY'S CPA FIRM CONSOLIDATES THE DATA AND PREPARES THE TAX RETURN. IT IS THEN REVIEWED BY THE UNIVERSITY'S VP FOR BUSINESS AND FINANCE. PRIOR TO FILING, FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE AND AUDIT SUB-COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REQUIRED FOR ALL TRUSTEES, UNIVERSITY OFFICERS AND KEY EMPLOYEES. ALL DISCLOSURE STATEMENTS ARE REVIEWED BY THE BOARD CHAIR AND ADMINISTRATION. ALL POTENTIAL CONFLICTS OF INTEREST ARE RAISED BY OFFICERS, TRUSTEES AND KEY EMPLOYEES IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. DEPENDING ON THE POTENTIAL CONFLICT, RESTRICTIONS ARE ENFORCED TO ELIMINATE OR MITIGATE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS REVIEWED, APPROVED AND DOCUMENTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY. THE EXECUTIVE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS REVIEW. THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. COMPENSATION DATA OF ALL OFFICERS AND KEY EMPLOYEES IS BENCHMARKED ON A PERIODIC BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN POST RETIREMENT BENEFIT -602,175. CHANGE IN PRESENT VALUE OF ANNUITY -2,388. GAIN ON DISPOSAL OF ASSET 82,458.