2020-05-12T08:18:58-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 390806325 CARROLL UNIVERSITY INC CARR 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 DANA STUART VP FOR FINANCE & ADMIN. 2625247200 2020-05-11 1 TROY MARINE CPA P00187863 4147775500 2020-05-11 104.231.254.62 2020-05-11 16:09:46 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2021-01-29 14:40:06Z CINDY GNADINGER 100 N EAST AVENUE WAUKESHA WI 53186 200146801 0 X WWW.CARROLLU.EDU X 1846 WI CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 27 26 3058 26 384583 0 5369797 11323195 113953806 116076080 6164741 3602055 177041 1902332 125665385 132903662 42446773 44016816 0 0 1802579 1320666 0 61976 1278001 72067284 75776701 116316636 121176159 9348749 11727503 226392658 236187874 21083843 17896372 205308815 218291502 CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 0 0 34538938 98536826 INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM. 73424901 44016816 17539254 AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS RESIDENCE HALL CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION. 9539898 INSTITUTIONAL SUPPORT - SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION. 117503737 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 72 0 3058 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO DC IL IA KY LA MD MA MI MO NV NH NY ND OH OR SC SD WA WI X DANA STUART 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 CHRISTY BROWN TRUSTEE 1.00 X 0 0 0 CINDY MAYORAS TRUSTEE 1.00 X 0 0 0 DAVID LAATSCH TRUSTEE 1.00 X 0 0 0 DEBORAH BLOCK TRUSTEE/SECRETARY 1.00 X X 0 0 0 DORVAL CARTER TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 DOUGLAS MUELLER TRUSTEE 1.00 X 0 0 0 ELFRIEDE PAHL TRUSTEE 1.00 X 0 0 0 FRED STIER TRUSTEE 1.00 X 0 0 0 JACK RIESCH TRUSTEE 1.00 X 0 0 0 JAMES SCHNEIDER TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFERSON DEANGELIS TRUSTEE 1.00 X 0 0 0 JOHN HENGEL TRUSTEE 1.00 X 0 0 0 JOSE OLIVIERI TRUSTEE/CHAIR 1.00 X X 0 0 0 JOSEPH ZVESPER TRUSTEE-DECEASED 10/19 1.00 X 0 0 0 KEVIN BUEHLER TRUSTEE 1.00 X 0 0 0 LAURA DEXTER TRUSTEE 1.00 X 0 0 0 LYNDA JOHNSON TRUSTEE 1.00 X 0 0 0 MARK ROBLE TRUSTEE 1.00 X 0 0 0 MICHAEL OSENGA TRUSTEE 1.00 X 0 0 0 PAUL CHRISTIAN TRUSTEE 1.00 X 0 0 0 PERSHING E MACALLISTER TRUSTEE/CHAIR EMERITUS 1.00 X X 0 0 0 RENEE RAMIREZ TRUSTEE 1.00 X 0 0 0 REYNOLDS CHALLONER TRUSTEE 1.00 X 0 0 0 SANDRA CUNNINGHAM TRUSTEE 1.00 X 0 0 0 SUSAN EDWARDS TRUSTEE 1.00 X 0 0 0 TOM SELLARS TRUSTEE 1.00 X 0 0 0 CINDY GNADINGER PRESIDENT 40.00 X 368362 0 87036 DANA STUART VP FOR FINANCE AND ADMINISTRATION-HIRED 6/18 40.00 X 112263 0 16014 JAMES V WISEMAN III VP FOR ENROLLMENT-RESIGNED 9/18 40.00 X 222378 0 19380 JOANNE PASSARO PROVOSTVP FOR ACADEMIC AFFAIRS-RESIGNED 6/18 40.00 X 149543 0 18322 MARK BLEGEN PROVOSTVP FOR ACADEMIC AFFAIRS-HIRED 1/19 40.00 X 0 0 0 STEPHEN KUHN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 255686 0 32264 TEEGE METTILLE VP FOR ENROLLMENT-HIRED 7/19 40.00 X 0 0 0 THERESA BARRY VP FOR STUDENT AFFAIRS 40.00 X 180328 0 26956 DOUGLAS HASTAD PRESIDENT-EMERITUS-RESIGNED 6/18 1.00 X 317312 0 30851 JANE HOPP ASSOCIATE VP FOR PARTNERSHIPS AND INNOVATION 40.00 X 168866 0 17132 STEVEN BIALEK DEAN, SCHOOL OF BUSINESS 40.00 X 155634 0 26808 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 40.00 X 160228 0 18824 2090600 0 293587 23 0 1 0 CAMPUSWORKS INC 1767 LAKEWOOD RANCH BLVD 305 BRADENTON FL 342114906 MANAGEMENT COMPANY 201004 BWBR ARCHITECTS INC 380 ST PETER ST SUITE 600 ST PAUL MN 55102 ARCHITECTURAL CONTRACTOR 135415 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 ACCOUNTING FIRM 106448 REGISTRY FOR COLLEGE AND UNIVERSITY PRES 3 CENTENNIAL DRIVE SUITE 320 PEABODY MA 01960 MANAGEMENT COMPANY 102521 4 63645 1934513 9325037 52068 11323195 TUITION AND FEES 900099 98536826 98536826 AUXILIARY ENTERPRISES 611710 17539254 17539254 116076080 2804650 2804650 68008098 67210693 797405 797405 797405 35490 63645 32446 3044 3044 OTHER INCOME 900099 1514705 1514705 SUMMER CONFERENCES 721000 384583 384583 1899288 132903662 116076080 384583 5119804 44016816 44016816 1320666 1059243 261423 61976 61976 6881026 5799887 1081139 INSTRUCTION 21392306 21392306 AUXILIARY ENTERPRISES 15130852 15130852 STUDENT SERVICES 12317452 12317452 INSTITUTIONAL SUPPORT 10494500 9539898 954602 9560565 9306526 254039 121176159 117503737 2394421 1278001 3731788 4081171 5251679 4719437 4376213 4925776 3556834 2977106 1140299 1069882 197768724 76777596 119456752 120991128 88866628 97407338 12465 16036 226392658 236187874 5090454 3233808 3738511 3402474 5060210 4157293 7194668 7102797 21083843 17896372 X 107795448 146718833 56082049 0 41431318 71572669 205308815 218291502 226392658 236187874 X 11727503 1349090 -93906 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62142912 7740509 3287477 2006400 71164498 57549409 2343432 4146071 1896000 62142912 51973370 645790 6755249 1825000 57549409 52607425 767166 319579 1720800 51973370 52173386 1541821 425818 1533600 52607425 0.07290 0.60020 0.32690 1 0 6722780 6722780 140428550 44655288 95773262 10263353 4355070 5908283 29566469 18591978 10974491 10787572 9175260 1612312 120991128 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 730928 DEFERRED COMPENSATION 702724 ASSET RETIREMENT OBLIGATION 2492090 U.S. GOVERNMENT GRANTS REFUNDABLE 2345442 OTHER LIABILITIES 831613 7102797 X 90761510 1349090 -93906 1255184 89506326 43397336 43397336 132903662 77778823 619480 619480 77159343 44016816 44016816 121176159 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT ACADEMIC PROGRAMS, SCHOLARSHIPS AND OPERATIONS. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS -93,906. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES -32,446. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 44,016,816. EXCESS WITHDRAWALS OVER INCOME EARNED -587,034. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES 32,446. EXCESS WITHDRAWALS OVER INCOME EARNED 587,034. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 44,016,816. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING WAS PUBLISHED IN THE STUDENT HANDBOOK AND BROCHURES USED FOR THE RECRUITMENT OF STUDENTS "CARROLL UNIVERSITY DOES NOT DISCRIMINATE IN ANY MANNER CONTRARY TO LAW OR JUSTICE ON THE BASIS OF RACE, COLOR, SEX, AGE, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY OR VETERANS STATUS IN ADMINISTRATION OF ITS EDUCATIONAL, ADMISSION, FINANCIAL AID, ATHLETIC, OR OTHER UNIVERSITY POLICIES AND PROGRAMS NOR IN THE EMPLOYMENT OF ITS FACULTY AND STAFF". SCHEDULE E, PART I, LINE 6 FINANCIAL AID AT CARROLL UNIVERSITY, INC. IS AVAILABLE TO STUDENTS WHO ARE DEGREE CANDIDATES, FOLLOWING GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE U.S. DEPARTMENT OF EDUCATION AND THE WISCONSIN HIGHER EDUCATIONAL BOARD. THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION AND HEALTH AND HUMAN SERVICES AND THE WISCONSIN HIGHER EDUCATION AIDS BOARD: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, TEACH GRANT, FEDERAL PERKINS LOAN PROGRAM, FEDERAL COLLEGE WORK STUDY PROGRAM, FEDERAL STAFFORD LOANS, PARENTS' LOAN PROGRAM, NATIONAL SCIENCE FOUNDATION, NATIONAL ENDOWMENT FOR THE HUMANITIES, WISCONSIN TUITION GRANT, WISCONSIN TIP GRANT, WISCONSIN MINORITY GRANT, WISCONSIN HANDICAP GRANT, WISCONSIN INDIAN GRANT, WISCONSIN COVENANT GRANT, WISCONSIN ACADEMIC EXCELLENCE SCHOLARSHIP, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTIONS, AND HEALTH RESOURCES AND SERVICES ADMINISTRATION SCHOLARSHIPS. 1 GONSER GERBER TINKER STUHR LLP 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 CAMPAIGN FEASIBILITY STUDY 0 0 61976 0 61976 AK CO DC IL IA KY LA MD MA MI MO NV NH NY ND OH OR SC SD WA WI PIONEER GOLF CLASSIC 89620 56030 33590 24179 PASTA WITH PIOS 9515 7615 1900 4592 3675 99135 63645 35490 4592 27854 32446 3044 1 SCHOLARSHIPS 2867 44016816 FMV PART I, LINE 2: THE ORGANIZATION MAINTAINS A POLICY AND PROCEDURES MANUAL WHICH OUTLINES THE ORGANIZATION'S POLICY ON AWARDING FEDERAL, STATE, AND INSTITUTIONAL ASSISTANCE TO STUDENTS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CINDY GNADINGER PRESIDENT 351862 0 0 0 16500 0 70875 0 16161 0 455398 0 0 0 JAMES V WISEMAN III VP FOR ENROLLMENT-RESIGNED 9/18 158669 0 0 0 63709 0 19026 0 354 0 241758 0 30000 0 JOANNE PASSARO PROVOSTVP FOR ACADEMIC AFFAIRS-RESIGNED 6/18 94689 0 0 0 54854 0 12778 0 5544 0 167865 0 20000 0 STEPHEN KUHN VP FOR INSTITUTIONAL ADVANCEMENT 208811 0 0 0 46875 0 21737 0 10527 0 287950 0 30000 0 THERESA BARRY VP FOR STUDENT AFFAIRS 155837 0 0 0 24491 0 16429 0 10527 0 207284 0 20000 0 DOUGLAS HASTAD PRESIDENT-EMERITUS-RESIGNED 6/18 213770 0 0 0 103542 0 26508 0 4343 0 348163 0 45000 0 JANE HOPP ASSOCIATE VP FOR PARTNERSHIPS AND INNOVATION 167924 0 0 0 942 0 16837 0 295 0 185998 0 0 0 STEVEN BIALEK DEAN, SCHOOL OF BUSINESS 154747 0 0 0 887 0 16175 0 10633 0 182442 0 0 0 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 145369 0 0 0 14859 0 13267 0 5557 0 179052 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS HAVE RECEIVED PAYMENTS FROM A 457(F) PLAN: DOUGLAS HASTAD - $49,649.78; STEPHEN KUHN - $34,821.51; JAMES WISEMAN III - $32,773.52; THERESA BARRY - $23,051.27; JOANNE PASSARO - $22,246.93 A PNC BANK 221146430 NONEAVAIL 2012-12-20 4757272 REFINANCE OF 2001 ISSUE, BUILDING IMPROVEMENTS 0 0 0 B PNC BANK 221146430 NONEAVAIL 2017-05-04 3425008 REFINANCE OF 2006 ISSUE, BUILDING IMPROVEMENTS 0 0 0 A 3255081 4727272 55095 4672177 2008 0 0 1 1 B 696735 3425008 55113 3369895 2008 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 A 1 B 1 HORIZON BANK SEE PART V BELOW 0 DURING THE YEAR ENDED JUNE 30, 2019, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH HORIZON BANK. JAMES SCHNEIDER, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE EXECUTIVE CHAIRMAN OF THE BOARD AT HORIZON BANK. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 MICHAEL BEST & FRIEDRICH LLP SEE PART V BELOW 86770 DURING THE YEAR ENDED JUNE 30, 2019, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH MICHAEL BEST & FRIEDRICK LLP. JOSE OLIVIERI, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS A PARTNER AT MICHAEL BEST & FRIEDRICH LLP. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 STIER CONSTRUCTION INC SEE PART V BELOW 657065 DURING THE YEAR ENDED JUNE 30, 2019, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH STIER CONSTRUCTION INC. FRED STIER, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE OWNER OF STIER CONSTRUCTION INC. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 AURORA HEALTH CARE SEE PART V BELOW 173831 DURING THE YEAR ENDED JUNE 30, 2019, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH AURORA HEALTH CARE. DAVID LAATSCH, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 SCHEDULE L, PART IV, LINES 1-5, COLUMN B: LINE 1 - JAMES SCHNEIDER IS THE EXECUTIVE CHAIRMAN OF THE BOARD AT HORIZON BANK & A TRUSTEE OF THE ORGANIZATION.LINE 2 - JOSE OLIVIERI IS A PARTNER AT MICHAEL BEST & A TRUSTEE OF THE ORGANIZATION.LINE 3 - FRED STIER IS THE OWNER OF STIER CONSTRUCTION INC. & A TRUSTEE OF THE ORGANIZATION.LINE 4 - DAVID LAATSCH IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE & A TRUSTEE OF THE ORGANIZATION. X 936 FMV X 10 49732 HIGH/LOW X PHOTOGRAPHIC EQUIPMENT 1 1000 FMV X PHYSICAL THERAPY EQUIPMENT 1 400 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY BYLAWS PERMIT AN EXECUTIVE COMMITTEE OF THE BOARD TO TAKE ACTION BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD AND TO ACT ON MATTERS REFERRED TO IT BY THE BOARD. ACTIONS INVOLVING SELECTION OR TERMINATION OF THE PRESIDENT, TRUSTEE OFFICERS, THE UNIVERSITY MISSION, VISION AND BYLAWS, DEBT, SALE OF CERTAIN PROPERTY, BUDGET AND TENURE AND PROMOTION REQUIRE ACTION BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B CARROLL UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT AND REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. A DRAFT OF THE FULL DISCLOSURE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES AUDIT COMMITTEE FOR REVIEW AND THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF CARROLL UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE PRESIDENT COLLECTS CONFLICT OF INTEREST DISCLOSURES ANNUALLY, CONFLICTS DISCLOSED ARE DISCUSSED WITH FINANCIAL OFFICERS AND, IF REQUIRED, TRUSTEES. IN ALL CASES, A PERSON WITH A CONFLICT IS EXCUSED FROM ANY DECISION RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF CARROLL UNIVERSITY, INC. ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE UNIVERSITY'S COMPENSATION PLAN. SPECIFIC DUTIES OF THE COMMITTEE INCLUDE THE RESPONSIBILITY TO: (A)REQUEST AND REVIEW, ON AT LEAST AN ANNUAL BASIS, THE COMPENSATION POLICIES FOR THE UNIVERSITY, INCLUDING ALL PERTINENT AND CURRENT COMPENSATION STUDIES, FORECASTS AND STATISTICS TO ENSURE THAT COMPENSATION IS NOT ONLY REASONABLE, BUT ALSO APPROPRIATE AND COMPETITIVE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL, INCLUDING THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER MEMBERS OF THE BOARD, FACULTY, STAFF, STUDENTS, ALUMNI AND COMMUNITY MEMBERS. AN ANNUAL REPORT REGARDING THIS REVIEW SHALL BE PRESENTED TO THE FULL BOARD. (B)RECOMMEND TO THE BOARD, FOR APPROVAL, COMPENSATION CHANGES FOR THE PRESIDENT AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. DURING SUCH DELIBERATIONS, THE PRESIDENT AND OTHER KEY EMPLOYEES SHALL NOT BE PRESENT WHEN DISCUSSED. (C)OVERSEE THE DEVELOPMENT WHEN APPROPRIATE, THE EXECUTIVE AGREEMENT FOR THE PRESIDENT OF THE UNIVERSITY. (D)PERFORM ANY/ALL OTHER ACTIVITIES, AS REQUESTED BY THE BOARD THAT RELATE TO THE OVERSIGHT OF COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS -93,906. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.