2020-05-12T11:32:57-05:00 2019-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2018-07-01 590624364 Barry University Inc BARR 3058993050 11300 NE 2nd Avenue Miami Shores FL 331616695 Susan Rosenthal VP for Business & Finance 3058993050 2020-05-12 1 Ted R Batson Jr P00721951 6785185301 139.146.132.42 2020-05-12 12:32:49 ED P E837F78391D18BEAC9FAB0186C1456B47F5133A5 B026194B08705151DA0D4A4B12E1A6D032283832 2018 2020-09-23 17:36:50Z Sr Linda Bevilacqua OP 11300 NE 2nd Avenue Miami Shores FL 331616695 205058938 0 0928 X http://www.barry.edu X 1940 FL Barry University is a Catholic institution grounded in the liberal arts tradition, fostering a scholarly community commited to maintaining the highest academic standards in undergraduate, graduate, and professional education. 30 30 2591 190 26908 -4344 4671830 5098814 178274480 179443812 3940508 2042704 3357536 6154807 190244354 192740137 49959421 53393162 0 0 79669089 79494140 0 0 338258 59218969 60211608 188847479 193098910 1396875 -358773 218723752 220733342 96212218 104847765 122511534 115885577 X Barry University is a Catholic institution of higher education founded in 1940 by the Adrian Dominican Sisters. Grounded in the liberal arts tradition, Barry University is a scholarly community commited to the highest academic standards in undergraduate, graduate and professional education in the Catholic intellectual life faithful to this tradition. A Barry education and university experience foster individual and communal transformation where learning leads to knowledge and truth, reflection leads to informed action, and a commitment to social justice leads to collaborative service. Barry Univeristy provides opportunities for affirming our Catholic identity, Dominican heritage, and collegiate traditions. Catholic beliefs and values are enriched by ecumenical and interfaith dialogue through worship and ritual, we celebrate our religious identity while remaining a univeristy community where all are welcome. 0 0 124290972 53393162 163531625 Instructional services to graduate and undergraduate students:Based on Barry University's promise to go beyond the degree and provide a truly transformational experience, through the Catholic liberal arts heritage, Barry provides over 100 degree programs from bachelors through Ph.D.'s. The programs focus on arts and sciences, business, education, social work, communication, nursing, medical sciences, theology, or law. In addition, resources that include personalized research and experiential learning opportunities provide off-campus resources to further diversify the educational experience. Students are also encouraged to enhance their professional experience with potential provided by the prospects of hands-on internships at some of the country's top organizations. Along with their breadth of partnering organizations, the campus has also physically expanded to more than 122 acres and 17 locations throughout Florida, including seven Schools and two Colleges with numerous liberal arts and professional disciplines. The undergraduate, graduate, professional, and doctoral degree programs have been instrumental in providing these academic and professional resources to approximately 8,500 full and part-time students at multiple sites. 28641777 20512140 Student services and auxiliary enterprises: The Barry University student services provided by the student affairs division include career services, counseling and psychology, commuter student affairs, leadership and transition, intercultural center, student engagement and student activities, student union, volunteer services, and community outreach programs. The University's auxiliary enterprises include twelve student resident halls, the Roussell Dining Hall and a series of other dining halls, the Barry Bookstore, Campus Ministry and Cor Jesu Chapel, and health and wellness services that include the newly renovated Landon Fitness Center available to students and staff free of charge. 6502271 44298 The Barry University academic support services include services such as an innovative library system, computer, and learning centers support. The Monsignor William Barry Memorial Library provides a wide array of information resources and services in support of the university's educational mission, integrating print and electronic resources, and providing a comprehensive program of service which allows broad access to information in all formats. The Barry University Library provides services over 100 hours a week, provides and maintains over 80 computer workstations and 12 laptops with wireless internet access, 14 group study rooms, and printing, copying, and scanning services. Barry University's mission and their dedication to the community are also clearly demonstrated by accolades and recognition, awarded to the school through its years of service. In 2015, Barry University received the Community Engagement Classification from the Carnegie Foundation for the Advancement of Teaching, joining 239 other U.S. colleges and universities, including 82 other inaugural recipients, in receiving the distinction. The Carnegie Foundation's Community Engagement Classification is an evidence-based recognition of an institution's commitment to community service.Barry University is part of a national library network. It's also home to the Barry University Dwayne O. Andreas School of Law, which houses an extensive collection of legal materials including Federal and State Statutes, case reporters and digests, monographs, treatises, secondary resources, legal periodicals, and newspapers, with a focus on Florida-specific legal resources. Reference librarians with law degrees are available to assist with research and reference for students, faculty, and members of the Orlando legal community. 159435020 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 8942 0 1 2591 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X Judith Penate 3058994042 11300 NE 2nd Avenue Miami Shores FL 331616695 X John M Bussel Chairperson 1.00 X X 0 0 0 Gerald W Moore Esq Vice Chairperson 1.00 X X 0 0 0 Gregory Greene Vice Chairperson 1.00 X X 0 0 0 Michael O O'Neil Jr Secretary 1.00 X X 0 0 0 Sr Andrea J Balconis OP MD Trustee 1.00 X 0 0 0 Daniel F Bird PhD Trustee 1.00 X 0 0 0 Sister Mary Ann Caulfield OP Trustee 1.00 X 0 0 0 Tanya I Davis CPA Trustee 1.00 X 0 0 0 Edward Feenane Trustee 1.00 X 0 0 0 Sr Rosemary T Finnegan OP Trustee 1.00 X 0 0 0 John D Fumagalli Trustee 1.00 X 0 0 0 Jorge A Gross CPA Trustee 1.00 X 0 0 0 Christopher J Gruchacz Trustee 1.00 X 0 0 0 William J Heffernan Trustee 1.00 X 0 0 0 Monsignor Chanel Jeanty JCL Trustee 1.00 X 0 0 0 Keith B Kashuk DPM Trustee 1.00 X 0 0 0 Joyce Landry Trustee 1.00 X 0 0 0 Charles R Modica JD Trustee 1.00 X 0 0 0 William R O'Donnell PE SECB Trustee 1.00 X 0 0 0 Phillis Oeters Trustee 1.00 X 0 0 0 Eduardo A Otero MD Trustee 1.00 X 0 0 0 Aletha Player Trustee 1.00 X 0 0 0 John G Primeau Trustee 1.00 X 0 0 0 Heather J Rohan Trustee 1.00 X 0 0 0 Donald S Rosenberg Esq Trustee 1.00 X 0 0 0 Luigi Salvaneschi PhD Trustee 1.00 X 0 0 0 Joel H Sharp Jr Esq Trustee 1.00 X 0 0 0 Kevin W Shaughnessy Esq Trustee 1.00 X 0 0 0 Sister Patricia Siemen OP JD Trustee 1.00 X 0 0 0 Sister Sharon Weber OP PhD Trustee 1.00 X 0 0 0 Sr Linda Bevilacqua OP PhD President 40.00 X 0 0 82940 Susan Rosenthal VP for Business & Finance 40.00 X 232190 0 32167 David Dudgeon General Counsel 40.00 X 159847 0 20441 John Murray Provost 40.00 X 272548 0 32335 Leticia Diaz Dean, Law 40.00 X 206679 0 32990 Scott Smith VP for Student Services 40.00 X 186723 0 22294 Christopher Starrat VP for Mission & Inst. Eff 40.00 X 173329 0 32760 Yvette Koottungal Chief Information Officer/ 40.00 X 184519 0 30728 John McFadden Dean, Nursing & Health Sci 40.00 X 269120 0 19426 Jennifer Pugh VP for University Administration 40.00 X 152413 0 31038 James Losito Professor, Podiatric Medic 40.00 X 213528 0 29297 Glen-Peter Ahlers Professor, Law School 40.00 X 171904 0 27459 Albert Armstrong Dean, School of Podiatric 40.00 X 205208 0 25403 Ronald Dick Professor, Anesthesiology 40.00 X 286732 0 21013 Thomas Merrill Professor, Surgery 40.00 X 192219 0 29844 2906959 0 470135 105 0 1 0 Compass Group PO Box 50196 Los Angeles CA 900740196 Food Services 4620604 GCA 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Custodial, Grounds Services 2480475 Allied Universal 161 Washington Street Suite 600 Ei Conshohocken PA 19428 Security Services 2113458 Relevant Brands Inc 800 Douglas Road La Puerta del Sol Coral Gables FL 33134 Marketing 1662346 Workday Inc 6230 Stoneridge Mall Road Pleasanton CA 94588 Software Service 1114328 39 13573 3017772 2067469 176262 5098814 Tuition and Fees 900099 162747692 162747692 Auxilliary Enterprises 900099 12994690 12994690 Student fees 900099 1445628 1445628 Podiatric Clinic 900099 1130393 1130393 Athletic facilities 532000 1125409 1098501 26908 179443812 1876332 1876332 679418 0 679418 679418 679418 12349296 29499 12212423 0 136873 29499 166372 166372 54822 13573 106378 -51556 -51556 Reimbursements 900099 1998555 1998555 Gain on sale of noncon 900099 855786 855786 2672604 2672604 5526945 192740137 184088063 26908 3526352 53393162 53393162 2584005 2167470 407735 8800 271571 227958 42689 924 63468446 53392789 9858994 216663 1717466 1405820 303728 7918 6873260 5550332 1306796 16132 4579392 3879186 683743 16463 136919 23605 113314 612878 612878 59450 59450 104309 57959 46350 4028784 2853426 1174358 1000 3006385 463166 2495572 47647 2348857 2252548 96094 215 6397749 741465 5654501 1783 14617581 12395071 2222402 108 2053820 1895420 150370 8030 327786 279686 46496 1604 3335336 2782549 552787 8339012 7073589 1265423 3517718 395135 3122583 Food Service 5217249 4749584 463117 4548 Bad Debt 1659700 957 1658743 Library Resources 1544551 1544095 456 Repairs & Maintenance 546547 415849 130698 2356977 1494199 856355 6423 193098910 159435020 33325632 338258 X 26148016 22498819 448176 499857 4896300 6875875 10593356 9306971 248777747 128765709 118278930 120012038 37916770 37328409 6590811 6708904 7185240 7470695 6666153 10031774 218723752 220733342 14179307 16619932 1293703 1635621 66146098 63333418 1968317 1870558 12624793 21388236 96212218 104847765 X 90048173 82260281 32463361 33625296 122511534 115885577 218723752 220733342 X -358773 196301 -5951481 -512004 X X 0 1 X 1 1 1 X 5921501 6389392 5334701 4671830 5098814 27416238 5921501 6389392 5334701 4671830 5098814 27416238 27416238 1621770 1363605 1600488 1507068 2555750 8648681 6687075 5289563 5148071 2774843 5581767 25481319 61546238 914340127 0.44550 0.45380 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2014 Amount: $ 37,150. 2015 Amount: $ 443,832. 2016 Amount: $ 129,869. 2017 Amount: $ 83,139. 2018 Amount: $ 54,822. Other - 2014 Amount: $ 6,649,925. 2015 Amount: $ 4,845,731. 2016 Amount: $ 5,018,202. 2017 Amount: $ 2,691,704. 2018 Amount: $ 5,526,945. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 59450 59450 0 Part II-B, Line 1: Between July 1, 2018 through June 30, 2019, Barry University, advocated for government support at the local, state and federal levels, in-person, via email, telephone and U.S. mail. As a member of the Independent Colleges and Universities of Florida (ICUF), Barry University, advocated for legislation that would expand government support and funding for independent colleges and universities. Further, as a member of the Hispanic Association of Colleges and Universities (HACU), Barry University appealed to elected officials for support of Hispanic-serving institutions. X 1 6.20 1 1 40.00 2000 186476 X 0 43980904 432963 1657900 486621 32624 104310 45448212 40086142 1261107 2863414 130251 99508 43980904 36571919 222431 3467987 176195 40086142 36195517 393165 865160 881923 36571919 34517341 840289 1129709 291822 36195517 0.34670 0.65330 0 0 7921889 7921889 168141497 74442102 93699395 64206072 54323607 9882465 8508289 8508289 120012038 Student Deposits 10009401 Other 11378835 21388236 X 139774938 196301 11786 219876 427963 139346975 53393162 53393162 192740137 139823912 11786 106378 118164 139705748 53393162 53393162 193098910 Part II, Line 9: The University records the easement in its statement of financial position as part of the cost of the land purchased for the University's law school in Orlando. Part III, Line 4: The collection of books relates to theology, philosophy, religious studies, and supporting disciplines. Part V, Line 4: The University's unrestricted endowments are restricted by the University's Board of Trustees. The Board can appropriate as much of the net appropriation on board-designated endowments as is prudent considering the University's present and anticipated financial requirements, expected total return on investments, price level trends, and general economic conditions. The income derived from permanently restricted endowed funds is to be used for various programs sponsored by the University in accordance with the donor's wishes and is classified as unrestricted or net assets with donor restrictions, in accordance with the donor's wishes. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part X, Line 2: The University is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. Accordingly, the financial statements do not include an income tax provision, except for certain taxable transactions. The University complies with the provisions of Accounting Standards Codification (ASC) 740(formerly Financial Accounting Standards Board Interpretation (FASB) No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 ("FIN 48"). Under ASC 740, the University must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Management of the University does not believe there are any material uncertain tax positions and accordingly has not recognized any liability for unrecognized tax benefits. The University has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the University has filed Internal Revenue Service Form 990 tax returns as required and all other applicable returns in those jurisdictions where it is required. The University believes that it is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2016. However, the University is still open to examinations by taxing authorities from fiscal year 2016 forward. For the years ended June 30, 2019 and 2018, there was no interest or penalties recorded or included in the consolidated statements of activities and changes in net assets. Earnings from unrelated business activities were not significant for the years ended June 30, 2019 and 2018. Accordingly, no provision for income taxes has been made in accompanying consolidated financial statements. Part XI, Line 2d - Other Adjustments: Change in cash surrender value 113,498. Special event expenses 106,378. Part XI, Line 4b - Other Adjustments: Scholarships netted with revenue 53,393,162. Part XII, Line 2d - Other Adjustments: Special event expenses 106,378. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 53,393,162. 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 publicity requirements of Rev. Proc 75-50, 1975-2 C.B. 587 is satisfied by complying with Section 4.02 as to statement of policy. The University draws its students from local communities and follows a racially nondiscriminatory policy as to students. It currently enrolls students of racial minority groups in meaningful number. The policy is posted on the website. Schedule E, Part I, Line 6 Barry University receives assistance from Title IV programs including PELL, SEOG, CWSP, ETC. Central America and the Caribbean 0 22 Program Services Graduate Social Work and Education Teaching 373392 0 22 0 0 0 22 373392 0 373392 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting. Golf Tournament 35035 12231 22804 10416 8335 5857 10000 2927 Homecoming Reunion 18310 1342 16968 2041 6257 14104 5680 14296 1 15050 15050 1883 7621 500 16461 68395 13573 54822 14340 14592 27582 16180 33684 106378 -51556 1 Student Scholarships/Awards 4365 53393162 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. Any amounts in excess of $600.00 are reported on Form 1098-T. No cash changes hands and funds are directly applied to student accounts. X 1 1 X X 0 0 0 1 0 0 0 0 0 Susan Rosenthal VP for Business & Finance 232190 0 0 0 0 0 9632 0 23001 0 264823 0 0 0 David Dudgeon General Counsel 159847 0 0 0 0 0 6542 0 14251 0 180640 0 0 0 John Murray Provost 272548 0 0 0 0 0 11037 0 21816 0 305401 0 0 0 Leticia Diaz Dean, Law 206679 0 0 0 0 0 8670 0 24750 0 240099 0 0 0 Scott Smith VP for Student Services 186723 0 0 0 0 0 7625 0 15060 0 209408 0 0 0 Christopher Starrat VP for Mission & Inst. Eff 173329 0 0 0 0 0 7144 0 25991 0 206464 0 0 0 Yvette Koottungal Chief Information Officer/ 184519 0 0 0 0 0 7725 0 23399 0 215643 0 0 0 John McFadden Dean, Nursing & Health Sci 269120 0 0 0 0 0 10796 0 9026 0 288942 0 0 0 Jennifer Pugh VP for University Administration 152413 0 0 0 0 0 6502 0 24886 0 183801 0 0 0 James Losito Professor, Podiatric Medic 213528 0 0 0 0 0 6664 0 22926 0 243118 0 0 0 Glen-Peter Ahlers Professor, Law School 171904 0 0 0 0 0 7221 0 20583 0 199708 0 0 0 Albert Armstrong Dean, School of Podiatric 205208 0 0 0 0 0 8428 0 17396 0 231032 0 0 0 Ronald Dick Professor, Anesthesiology 286732 0 0 0 0 0 11501 0 9821 0 308054 0 0 0 Thomas Merrill Professor, Surgery 192219 0 0 0 0 0 7986 0 22164 0 222369 0 0 0 Part I, Line 1a Pursuant to Internal Revenue Code Section 107, Sister Linda Bevilacqua, President of the University, receives a housing allowance as a qualifying ministerial employee. This is not included in taxable compensation. Part I, Line 5 Physicians in the School of Podiatry received a percent of gross receipts of the teaching clinics. A Pinellas County Education Facility 596000800 723161FP5 2007-10-24 10000000 See Part VI 0 0 0 B Pinellas County Education Facility 596000800 723161GE9 2011-08-02 38929920 See Part VI 0 0 0 C Pinellas County Education Facility 596000800 723161GX7 2012-03-28 32695767 See Part VI 0 0 0 A 10000000 182092 131046 2729304 6957558 2008 1 0 1 1 B 8235000 38991440 3216731 969251 533041 16000000 18196897 2012 1 0 1 1 C 3490000 32757324 3269577 439883 28986307 2012 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 1 0.14100 1 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 Bank of America 20.000000000000 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 10/23/2018 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 07/31/2018 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 03/27/2019 Schedule K, Part I, Line a, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fund the construction of a building and the equipment for the Institute of Community Health & Minority Medicine, a graduate medical science building, which will provide office space for faculty, classroom space for students and house various health programs, and related improvements of the University, and refinance a loan dated May 7, 2004 from Bank of America, N.A. to the University in the original amount of $7,300,000 and pay costs of issuing the series 2007 bonds. Schedule K, Part I, Line B, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to refund the 11/29/2000 bond as well as finance and refinance the cost of acquisitions, construction, and equipping of certain educational facilities and other capital improvements to be owned and operated by the University and to reimburse advances made by the University to pay a portion of such costs, and fund a debt service reserve fund and pay costs of issuance of the Series 2011 Bonds. Schedule K, Part I, Line C, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fully refund the Series 2000 Bonds, partially refund Series 1998 Bonds, fund a debt service reserve fund, and pay certain costs of issuance of the Series 2012 Bonds. Gerene Starratt Family member of of VP, Christopher Starratt 84154 W-2 Wages and Benefits 0 Laura Alonso-Gallo Family member of of Board member, John Bussel 111867 W-2 Wages and Benefits 0 Rebecca Murray Family member of Provost, John Murray 75551 W-2 Wages and Benefits 0 X 5 113623 FMV X Misc. 19 30312 FMV X Food/Beverages 18 23762 FMV X Events/Hotel 7 5095 FMV X Gift Cards 5 3470 FMV 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 Composition of the Executive Committee of the Board: The Board will have an Executive Committee consisting of the Chairperson of the Board and not less than five (5) other Trustees. The Executive Committee will include at least one (1) member of the Sponsoring Congregation, which shall be the Prioress of the Sponsoring Congregation or a Board member designated by the Prioress. The Chairperson of the Board is also the Chairperson of the Executive Committee. The Vice Chairpersons of the Board and Chairperson of each Committee of the Board will also be members of the Executive Committee. The Secretary of the Board ("Board Secretary"), who must be a Trustee, will also be a member of the Executive Committee. The President shall be an ex officio member of the Executive Committee; as an ex officio member of the Executive Committee the President will not have the power to vote and will not be counted as a member of the Executive Committee for the purpose of determining a quorum. The Chairperson of the Board shall be empowered to invite the immediate past Chairperson to serve on the Executive Committee. Scope of the Committee's authority: When the Board is not in session and prudent management requires prompt action, the Executive Committee shall exercise all of the authority of the Board in the management of the Corporation except as such authority is limited by resolution of the Board, and any such action shall be submitted to the Board at its next meeting for review. Actions by the Executive Committee, as described in this provision, shall be used sparingly and shall not be abused. A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Form 990, Part VI, Section A, line 7a The University's Sponsoring Congregation selects up to five Sisters to serve as Trustees, one of which shall be the Prioress of the Sponsoring Congregation. Form 990, Part VI, Section A, line 7b The following matters require the approval of the Sponsoring Congregation's Prioress and General Council or their designee: - any changes to the purposes and mission of the organization - the slate of nominees for appointment to the President of the organization - any amendments to the Articles or Bylaws of the organization that affect the powers or rights of the Sponsoring Congregation - the nominees to the Board and selecting those persons to be appointed as the Sponsoring Congregation Trustees - the purchase, sale, lease or mortgage of real property of the organization in an amount more than $5,000,000 for purchases, sale, and mortgages and more than $50,000 per month for leases - the merger or dissolution of the organization and upon approval of dissolution, the approval of the disposition of the assets of the organization as set forth in the Articles Form 990, Part VI, Section B, line 11b Barry University uses the following process to review the Form 990. An external tax firm prepares the return with input from the University's controller. The Vice President of Business and Finance reviews, approves, and signs the return. The external tax firm electronically files the return on or before the due date including extensions. Form 990, Part VI, Section B, line 12c On an annual basis, under the conflict of interest policy, each covered person shall execute an annual disclosure statement disclosing the facts related to any covered relationship. Ongoing: a covered person shall disclose the existence and nature of any covered relationship and all material facts prior to the consideration of a proposed transaction or arrangement by the board (for a trustee or the president) or the ECA (executive committee of the administration) (for covered persons not trustees). In the event that a potential conflict of interest arises at a board meeting for a trustee or the president, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the board in the event that a potential conflict of interest arises outside a board meeting and/or for a covered person not a trustee, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the ECA. After disclosure by a trustee or the president to the board of a covered relationship and all material facts, and after any discussion with the covered person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. After disclosure by anyone other than a trustee to the ECA of a covered relationship and all material facts, and after any discussion with the covered person, the ECA will discuss and vote upon the determination of a conflict of interest. A covered person that is a trustee or the president may make a presentation to the board, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The chairperson of the board, if appropriate in his/her discretion, may appoint a disinterested person or committee to investigate alternatives to the proposed financial transaction or arrangement. After exercising due diligence, the board shall determine whether the University can obtain a more advantageous financial transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous financial transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board shall determine by a super majority vote of the disinterested directors whether the financial transaction or arrangement is in the university's best interest and for its own benefit and whether the financial transaction is fair and reasonable to the university and shall make its decision as to whether to enter into the financial transaction or arrangement in conformity with such determination. A covered person (not a trustee) may make a presentation to the ECA, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The ECA, if appropriate in its discretion, may appoint a disinterested person or committee to investigate alternatives to the proposed financial transaction or arrangement. After exercising due diligence, the ECA shall determine whether the university can obtain a more advantageous financial transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous financial transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the ECA shall determine by a majority vote of the disinterested ECA members whether the financial transaction or arrangement is in the university's best interest and for its own benefit and whether the financial transaction is fair and reasonable to the university and shall make its decision as to whether to enter into the financial transaction or arrangement in conformity with such determination. If a majority vote cannot be attained by the ECA then the conflict of interest will be decided by the board. If the board has reasonable cause to believe that a trustee or president has failed to disclose one or more covered relationships, it shall inform the trustee or president of the basis for such belief and afford the trustee or president an opportunity to explain the alleged failure to disclose. If, after hearing the response of the trustee or president and making such further investigation as may be warranted in the circumstances, the board determines that the trustee or president has in fact knowingly failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action as it deems proper in its sole discretion. The violation of this policy is a serious matter and may result in the removal of the trustee from the board or the termination of the president's contractual relationship with the university. If the ECA has reasonable cause to believe that a covered employee has failed to disclose one or more covered relationships, it shall inform the covered employee of the basis for such belief and afford the covered employee an opportunity to explain the alleged failure to disclose. If, after hearing the response of the covered employee and making such further investigation as may be warranted in the circumstances, the ECA determines that the covered employee has in fact knowingly failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action as it deems proper in its sole discretion. The violation of this policy is a serious matter and may result in the termination of the covered employees contractual relationship with the university. The minutes of the board or ECA relating to all conflicts of interest shall contain the following information: the names of the persons who disclosed or otherwise were found to have covered relationships in connection with an actual or possible conflict of interest, the nature of the covered relationship, any action taken to determine whether a conflict of interest was present, and the board's or ECA's decision as to whether a conflict of interest in fact existed. The names of persons who were present for discussions and votes relating to the financial transaction or arrangement, the content of the discussion, including any alternative to the proposed financial transaction or arrangement, and a record of any votes taken in connection therewith. Form 990, Part VI, Section B, line 15 Line 15a: The President/CEO's compensation is reviewed annually; comparable data/information is reviewed. The compensation is in keeping with the University's guidelines. The Chairperson and the Executive Committee of the Board conduct the annual evaluation of the President. The discussions and decisions form part of the minutes to the board of trustees meeting. Line 15b: Compensation for all other officers and key employees is approved through HR in collaboration with the President, VP, or Provost responsible for the area. HR uses compensation benchmark data for all University positions and documents the approval process in an HR file. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. The 990 return of organization exempt from tax is public information. Form 990, Part VII Sr. Linda Bevilacqua's compensation is paid directly to the Adrian Dominican Congregation. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $82,260,281 Line 29 - Net assets with donor restrictions 33,625,296 Total net assets $115,885,577 Form 990, Part XI, line 9: Adjust to cash surrender value 113,498. Change in net assets from sale of noncontrolling interest -625,502. Form 990, Part VII, Line 2c: The organization has a committee that assumes responsiblity for oversight of the audit of its finanical statements and selection of its independent accountant. This process has not changed since the prior year. 6484 Indian Creek Drive LTD 11300 NE 2nd Avenue Miami Shores FL 33161 650669854 Real Estate FL Barry University Excluded 33245 0 0 0.51540 6484 Indian Creek Drive Inc 11300 NE 2nd Avenue Miami Shores FL 33161 650669852 Real Estate FL Barry University C 6500 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6484 Indian Creek Drive LTD S 6484 Indian Creek Drive Inc S