2019-04-01T19:00:08-05:00 2018-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2017-07-01 362166964 AURORA UNIVERSITY AURO 6308926431 347 SOUTH GLADSTONE AVENUE AURORA IL 60506 SHARON MAXWELL CPA VICE PRESIDENT FOR FINANCE 2019-04-01 true NICOLE BENCIK P00756195 3128997000 2017 2019-02-21 02:37:17Z DR REBECCA SHERRICK 347 SOUTH GLADSTONE AVENUE AURORA IL 60506 142390016 false X WWW.AURORA.EDU X 1899 IL TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION. 27 26 1911 364 884393 -604983 19829923 20324802 104551129 108536911 2713376 3438372 1335260 1184688 128429688 133484773 43103936 47268218 0 45754223 49837556 0 1213828 26988056 28561174 115846215 125666948 12583473 7817825 188871991 197048800 56886624 57235871 131985367 139812929 THE PRIMARY PURPOSE OF AURORA UNIVERSITY IS TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION SHAPED BY ITS LONG STANDING COMMITMENT TO EDUCATIONAL EXCELLENCE AND COMMUNITY PARTNERSHIP. THE UNIVERSITY IS GUIDED BY ITS MISSION TO BE AN INCLUSIVE COMMUNITY DEDICATED TO THE TRANSFORMATIVE POWER OF LEARNING AND CONTINUES TO UPHOLD ITS VALUES OF INTEGRITY, CITIZENSHIP, CONTINUOUS LEARNING, AND EXCELLENCE. false false 101950464 46950513 101358126 AURORA UNIVERSITY PROVIDES POST-SECONDARY EDUCATION AND RELATED ACTIVITIES AND SUPPORT SERVICES TO 4,339 UNDERGRADUATE STUDENTS AND 2,672 GRADUATE STUDENTS ON ITS THREE LOCATIONS IN AURORA, ILLINOIS, WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS, AS WELL AS ON-LINE AND VARIOUS OTHER LOCATIONS. DURING THE YEAR, AU GRADUATED 1,061 STUDENTS WITH BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, AND 732 STUDENTS WITH GRADUATE DEGREES IN EDUCATION, SOCIAL WORK, BUSINESS, RECREATION, AND NURSING. AS PART OF ITS MISSION, THE UNIVERSITY OFFERS CULTURAL AND EDUCATIONAL OPPORTUNITIES TO ITS STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. 8547067 317705 7324669 AURORA UNIVERSITY HAS RESIDENCE HALL CAPACITY OF 724 BEDS ON ITS AURORA CAMPUS, AS WELL AS, OFFERING HOUSING SERVICES FOR ITS GRADUATE AND UNDERGRADUATE STUDENTS ON ITS WISCONSIN CAMPUS. FOOD SERVICE FOR STUDENTS AND STAFF IS PROVIDED AT THREE LOCATIONS ON THE AURORA CAMPUS AND A DINING HALL ON THE WISCONSIN CAMPUS. ADDITIONALLY, A BOOKSTORE ON THE AURORA CAMPUS SELLS TEXTBOOKS, SUPPLIES AND MISCELLANEOUS CONVENIENCE ITEMS TO STUDENTS, FACULTY AND STAFF. GEORGE WILLIAMS COLLEGE CAMPUS PROVIDES FOOD SERVICES, LODGING AND MEETING ROOMS FOR ALL INDIVIDUALS PARTICIPATING IN A CONFERENCE OR SEMINAR. THE PROGRAM ANNUALLY PROVIDES SERVICES TO OVER 96 SCHOOLS, CHURCHES, HUMAN SERVICE ORGANIZATIONS AND RETREAT/PROGRAM GROUPS. 110497531 true true false true false false true true true true false false false true true true false true false true false false false false false false true true true true false false false false false false false true true true true false false false false false false false false true 9567 0 true 1911 true true true false false false false true true true false false false X 27 26 true false false false false false false true true false false true true true true true true true false false X SHARON MAXWELL CPA 6308445630 347 S GLADSTONE AVENUE AURORA IL 605064808 HILARY K BRENNAN CHAIR 2.0 X X 0 0 0 PHILIP S CALI VICE CHAIR (THROUGH 10.2017) 2.0 X X 0 0 0 JOANNE HANSEN VICE CHAIR (THROUGH 10.2017) 2.0 X X 0 0 0 JOHN D AMMONS VICE CHAIR AS OF 10.2017 2.0 X X 0 0 0 CHRISS JOHNS VICE CHAIR AS OF 10.2017 2.0 X X 0 0 0 DOUGLAS J CRAFT VICE CHAIR AS OF 10.2017 2.0 X X 0 0 0 REBECCA L SHERRICK PHD PRESIDENT 40.0 X X 505321 0 21163 DAVID R BERGMAN TRUSTEE (THROUGH 10.2017) 1.0 X 0 0 0 MATTHEW CANNON TRUSTEE 2.0 X 0 0 0 DONALD A CHURCHILL TRUSTEE (THROUGH 10.2017) 1.0 X 0 0 0 CHAD A DEKING TRUSTEE 2.0 X 0 0 0 AUSTIN DEMPSEY TRUSTEE 1.0 X 0 0 0 CHARLES B DOSS TRUSTEE 1.0 X 0 0 0 FARRELL l FRENTRESS TRUSTEE 1.0 X 0 0 0 JIM FUENTES TRUSTEE 1.0 X 0 0 0 RONALD M HEM TRUSTEE 2.0 X 0 0 0 SHAWN E JEFFERS TRUSTEE 1.0 X 0 0 0 MICHAEL K KEEFE TRUSTEE (THROUGH 10.2017) 1.0 X 0 0 0 BRIAN KONEN TRUSTEE 1.0 X 0 0 0 DR CALVIN R MYERS TRUSTEE 1.0 X 0 0 0 GERALD PALMER TRUSTEE 2.0 X 0 0 0 SCOTT B PALMER TRUSTEE 2.0 X 0 0 0 MYRON J RESNICK TRUSTEE 1.0 X 0 0 0 ANN SHEETS TRUSTEE 1.0 X 0 0 0 JOHN D SIMMS JR TRUSTEE 1.0 X 0 0 0 MICHELLE P SIMMS TRUSTEE 1.0 X 0 0 0 DAVID K STONE TRUSTEE 2.0 X 0 0 0 THOMAS T STUHLEY TRUSTEE 1.0 X 0 0 0 ROGER A TUCKER TRUSTEE 1.0 X 0 0 0 LINNEA WINDEL TRUSTEE 1.0 X 0 0 0 HALEY PESSINA AWARD RECIPIENT MEMBER (THROUGH 10.2017) 1.0 X 0 0 0 SHERRY MASCHMEYER AWARD RECIPIENT MEMBER (THROUGH 10.2017) 1.0 X 0 0 0 REBECCA MOHAN AWARD RECIPIENT MEMBER 1.0 X 0 0 0 LAURA DIERKING AWARD RECIPIENT MEMBER 1.0 X 0 0 0 MARGARET E SHARRER SECRETARY (THROUGH 10.2017) 40.0 X 102454 0 9475 REBECCA FLAMINIO SECRETARY 40.0 X 41288 0 81 SHARON W MAXWELL CPA TREASURER 40.0 X 197422 0 8129 MARILYN D CAMPBELL CPA ASSISTANT TREASURER 40.0 X 133800 0 12347 DONNA M DESPAIN SENIOR VICE PRESIDENT FOR ENROLLMENT 40.0 X 267009 0 19102 FRANK BUSCHER VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.0 X 251058 0 15691 LORA L DELACEY SENIOR VICE PRESIDENT FOR STUDENT LIFE 40.0 X 240878 0 15056 JAMES LANCASTER VICE PRESIDENT FOR ENROLLMENT 40.0 X 194032 0 8463 STEVEN M MCFARLAND ACADEMIC CONTENT STRATEGIST (VICE PRESIDENT FOR UNIVERSITY COMMUNICATIONS THROUGH 4.2018) 40.0 X 193687 0 19491 2126949 0 128998 58 false true false BOLDT 2525 N ROEMER RD APPLETON WI 54911 CONSTRUCTION 13523121 SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FACILITIES AND FOOD SERVICE MGMT 7056232 THE LEARNING HOUSE INC 427 SOUTH FOURTH ST SUITE 300 LOUISVILLE KY 40202 ONLINE CLASS MANAGEMENT 2920332 WE MUNDY LANDSCAPING 1135 MITCHELL RD AURORA IL 60505 LANDSCAPING 899444 SCHERRER CONSTRUCTION CO INC 601 BLACK HAWK DR BURLINGTON WI 53105 CONSTRUCTION 701821 18 X 15850800 4474002 265210 20324802 STUDENT TUITION & FEES 611310 101052768 101052768 AUXILIARY REVENUE 611310 7178263 7178263 CULTURAL EDUCATION 611310 227083 227083 ATHLETIC EVENTS 611310 78797 78797 0 0 0 0 108536911 1167329 18727 1148602 4751 4751 79931 0 79931 0 79931 79931 10511381 36011 8062203 214146 2449178 -178135 2271043 2271043 774778 628894 145884 145884 CONFERENCE REVENUE 900099 488449 488449 MUSIC BY THE LAKE 900099 338758 338758 126915 0 38459 88456 954122 133484773 108682795 884393 3592783 38352 38352 47229866 47229866 1124473 0 944199 180274 144079 33813 110266 39207490 32730333 5849468 627689 2514825 2381141 114925 18759 3778559 3518601 232238 27720 3068130 2842930 202803 22397 139522 139522 97045 97045 138307 138307 207977 207977 9740385 8419708 1248704 71973 658098 524103 133425 570 3457293 2578516 810810 67967 1448411 249273 1116882 82256 2050920 1788554 249128 13238 816856 742897 49146 24813 225554 205907 18343 1304 631759 631759 7499859 6424747 1006442 68670 636337 44724 591331 282 BAD DEBT EXPENSE 352051 352051 DUES, MEMBERSHIPS, & SUBSCRIPTIONS 271177 249924 17393 3860 ENTERTAINMENT 119619 80653 36910 2056 70004 61438 8566 0 125666948 110497531 13955589 1213828 4506310 1310409 10643113 17105522 7714037 1191860 1937598 2294592 0 0 0 300879 302882 2057417 2133443 216966878 84176513 121022189 132790365 32435237 31295706 7918008 8163277 0 337203 460744 188871991 197048800 10423461 8614005 7992942 7511814 25200000 25200000 69808 67871 0 9142501 13278065 4057912 2564116 56886624 57235871 X 94919657 99830721 14608044 16956482 22457666 23025726 131985367 139812929 188871991 197048800 X 7817825 -70076 79813 X false true X true true true X 20434128 19079365 16193578 19829923 20324802 95861796 0 0 20434128 19079365 16193578 19829923 20324802 95861796 0 95861796 1117749 891705 607737 1148594 1252011 5017796 0 398462 102168 109885 130950 88456 829921 101709513 488636031 0.9425 0.9416 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 384347.0, COLUMN B - 102168.0, COLUMN C - 109885.0, COLUMN D - 130950.0, COLUMN E - 88456.0, COLUMN F - 815806.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 14115.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 14115.0; false false false false false false true 138307 false false 138307 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY HIRED A FIRM TO RESEARCH AND CONTACT LEGISLATORS, STAFF AND OTHER GOVERNMENT OFFICIALS FOR POSSIBLE GRANT OPPORTUNITIES TO BENEFIT THE UNIVERSITY. MORE SPECIFICALLY FOR FY2018, THE UNIVERSITY UTILIZED THE SERVICES OF PROFESSIONAL LOBBYISTS TO SECURE PAYMENT OF REMAINING FUNDS FOR AWARDS TO UNIVERSITY STUDENTS UNDER THE ILLINOIS MONETARY ASSISTANCE PROGRAM and investigate opportunities for capital grants. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY HIRED A FIRM TO RESEARCH AND CONTACT LEGISLATORS, STAFF AND OTHER GOVERNMENT OFFICIALS FOR POSSIBLE GRANT OPPORTUNITIES TO BENEFIT THE UNIVERSITY. MORE SPECIFICALLY FOR FY2018, THE UNIVERSITY UTILIZED THE SERVICES OF PROFESSIONAL LOBBYISTS TO SECURE PAYMENT OF REMAINING FUNDS FOR AWARDS TO UNIVERSITY STUDENTS UNDER THE ILLINOIS MONETARY ASSISTANCE PROGRAM and investigate opportunities for capital grants. 0 1723218 X X X false false true X 43091106 531316 3033813 923420 4534293 41198522 40592926 1282508 4209553 885515 2108366 43091106 45435661 388287 -400328 859067 3971627 40592926 46016920 453578 1208285 777135 1465987 45435661 41510518 295890 5861228 824790 825926 46016920 0.214 0.544 0.242 true false 9487937 9487937 149688756 47691405 101997351 159763 107141 52622 33995265 23286495 10708770 23635157 13091472 10543685 132790365 DEPOSITS 349116 RETIREMENT BENEFIT OBLIGATION 422366 ANNUITIES PAYABLE 496063 GOVT. ADVANCES FOR STUDENT LOANS 170335 FAIR VALUE OF INTEREST RATE SWAPS ASSET RETIREMENT OBLIGATION 542000 VOLUNTARY SEPARATION PLAN LIABILITY 584236 2564116 X 86964914 -70076 1969279 1899203 85065711 207977 48211085 48419062 133484773 79137352 1834749 1834749 77302603 207977 48156368 48364345 125666948 Schedule D, Part III, Line 4 Collections of art - description of collections 1. COLLECTIONS HELD BY THE UNIVERSITY INCLUDE THE SCHINGOETHE COLLECTION OF NATIVE AMERICAN MATERIALS AND ARTIFACTS. TYPICALLY EACH YEAR, THE SCHINGOETHE CENTER HOSTS A VARIETY OF EVENTS AND PROGRAMS DESIGNED TO HELP INFORM ABOUT MANY ASPECTS OF NATIVE AMERICAN CULTURES, BOTH IN HISTORICAL AND CONTEMPORARY CONTEXTS. 2. THE JENKS COLLECTION OF ADVENTIST MATERIAL IS THE SECOND LARGEST COLLECTION OF HISTORIC ADVENT CHRISTIAN BOOKS, MURALS, PHOTOGRAPHS, AND OTHER MATERIALS THAT ARE AVAILABLE FOR RESEARCH. THE JENKS COLLECTION IS MANAGED WITHIN THE PHILLIPS LIBRARY. Schedule D, Part IV, Line 2b Explanation of escrow agreement Aurora University has custodial account liabilities for the various Student Organizations. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS OF THE UNIVERSITY PROVIDE SCHOLARSHIP, OPERATIONAL AND FACILITIES SUPPORT TO THE UNIVERSITY AND ITS FOUR LOCATIONS AURORA, ILLINOIS, WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS. MANY OF THE FUNDS ARE RESTRICTED TO SCHOLARSHIP PURPOSES, HOWEVER A SUBSTANTIAL AMOUNT OF FUNDS ARE BOARD DESIGNATED, OR QUASI-ENDOWMENT FUNDS PROVIDING STRATEGIC FINANCIAL RESOURCES TO THE UNIVERSITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote On September 4, 1941, the university was recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the university has had no significant unrelated business income. The university is not classified as a private foundation. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FINANCIAL AID EXPENSE - 1205855 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - 134530 COST OF GOODS SOLD FROM INVENTORY - 628894 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS AND AID - 32855329 GOVERNMENT GRANT EXPENSE - 15301039 ADJUSTMENT OF ANNUITY - 44717 CHANGE IN ASSET RETIREMENT OBLIGATION - 10000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FINANCIAL AID EXPENSE - 1205855 COST OF GOODS SOLD - 628894 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS AND AID - 32855329 GOVERNMENT GRANT EXPENSE - 15301039 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY A STATEMENT INDICATING THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES, CATALOGS AND ANNOUNCEMENTS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AND IS PRESENT ON THE UNIVERSITY'S WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT AURORA UNIVERSITY RECEIVED FINANCIAL AID FROM GOVERNMENTAL AGENCIES WHICH INCLUDE THE DEPARTMENT OF EDUCATION. Central America and the Caribbean 0 0 Investments N/A 979032 Europe (Including Iceland and Greenland) 0 0 ,EDUCATION/STUDY ABROAD PROGRAMS N/A 54969 0 0 0 0 0 0 1034001 0 1034001 false false false true false false true COMMUNITIES IN SCHOOLS OF AURORA INC 444 W Galena Blvd SUITE 202 AURORA IL 60506 363909467 501C3 14733 FEDERAL WORK STUDY PROGRAM FOX VALLEY PARK DISTRICT 101 W ILLINOIS AVE AURORA IL 60506 366001059 FOX VALLEY PARK DIST 15031 FEDERAL WORK STUDY PROGRAM YWCA OF AURORA ILLINOIS 347 S GLADSTONE AVE AURORA IL 60506 362202899 501C3 6513 FEDERAL WORK STUDY PROGRAM 3 0 SCHOLARSHIPS 4487 47229866 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE FINANCIAL AID OFFICE CLOSELY MONITORS ANY CHANGES IN THE STATUS OF FINANCIAL AWARD RECIPIENTS THAT WOULD RESULT IN A CORRESPONDING CHANGE IN THE AMOUNT OF AID AWARDED. ANY SUCH CHANGES ARE AUTOMATICALLY DETECTED AND REPORTED BY A SERIES OF SPECIAL REPORTS THAT ARE RUN ON A REGULAR BASIS. MOREOVER, THE OFFICE OF STUDENT ACCOUNTS ENSURES THAT THE CHARGES TO WHICH THE FINANCIAL AID AWARDS ARE APPLIED ARE CONSISTENT WITH THE INTENDED USE OF THE AWARDS. X true true X X X X X false false false false false false false true false REBECCA L SHERRICK PHD PRESIDENT 381418 0 80000 0 43903 0 12916 0 8247 0 526484 0 0 0 SHARON W MAXWELL CPA TREASURER 185010 0 12000 0 412 0 8062 0 67 0 205551 0 0 0 DONNA M DESPAIN SENIOR VICE PRESIDENT FOR ENROLLMENT 248931 0 15000 0 3078 0 10225 0 8877 0 286111 0 0 0 FRANK BUSCHER VICE PRESIDENT FOR ACADEMIC AFFAIRS 237458 0 12000 0 1600 0 9700 0 5991 0 266749 0 0 0 LORA L DELACEY SENIOR VICE PRESIDENT FOR STUDENT LIFE 226526 0 12000 0 2352 0 9434 0 5622 0 255934 0 0 0 JAMES LANCASTER VICE PRESIDENT FOR ENROLLMENT 185400 0 8000 0 632 0 8062 0 401 0 202495 0 0 0 STEVEN M MCFARLAND ACADEMIC CONTENT STRATEGIST (VICE PRESIDENT FOR UNIVERSITY COMMUNICATIONS THROUGH 4.2018) 181611 0 0 0 12076 0 8331 0 11160 0 213178 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE TOTAL PRESIDENTIAL COMPENSATION PACKAGE INCLUDES A HOUSING ALLOWANCE. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 7 Non-fixed payments CERTAIN EMPLOYEES RECEIVED DISCRETIONARY MERIT BONUSES BASED ON THEIR PERFORMANCE. A CITY OF AURORA KANE DUPAGE WILL AND KENDALL COUNTIES ILLINOIS 366005778 051648BC6 2004-11-17 12000000 TO FINANCE VARIOUS CAPITAL EXPENDITURES false false false A 0 0 12441259 0 0 0 167587 0 9572 12264100 0 0 2006 false false true true A false false false false 0.0 0.0 0.0 false false true A true false false true true true BMO CAPITAL MARKETS 4.1 false false false false true A true Schedule K, Part II, Line 3 Total proceeds of issue includes $441,259 of interest earnings JEFF CALI SON OF TRUSTEE - PHILIP S. CALI 110266 JEFF CALI (SON OF PHILIP S. CALI, TRUSTEE THROUGH 10.2017) WAS EMPLOYED AS THE ASSISTANT VICE PRESIDENT ADMINISTRATION FOR PART OF THE FISCAL YEAR. false JAMIE CALI DAUGHTER-IN-LAW OF TRUSTEE - PHILIP S. CALI 33813 JAMIE CALI (DAUGHTER-IN-LAW OF PHILIP S. CALI, TRUSTEE THROUGH 10.2017) WAS EMPLOYED AS A PART-TIME STEM SCHOOL TEACHER FOR PART OF THE FISCAL YEAR. false X 10 265210 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributors is being reported. Form 990, Part VI, Line 15b Process to establish compensation of other officers and key employees THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE REVIEWED EACH YEAR BY THE PRESIDENT. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JOHN D. SIMMS, JR. (TRUSTEE) AND MICHELLE P. SIMMS (TRUSTEE) - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body AUDIT COMMITTEE MEMBERS AND THE CHAIRS OF THE TRUSTEE AND COMPENSATION COMMITTEES, AND CHAIRMAN OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR REVIEWING THE DRAFT FORM 990 PRIOR TO FILING. THE DRAFT FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE SECRETARY OF THE BOARD OF TRUSTEES IS CHARGED WITH CONTACTING ALL BOARD MEMBERS TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FORM HAS BEEN COMPLETED. FOR STAFF, THE VICE PRESIDENT FOR FINANCE SENDS A REQUEST TO ALL STAFF WHO ARE REQUIRED TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FORM HAS BEEN COMPLETED. THE CHAIR OF THE TRUSTEE COMMITTEE REVIEWS ALL CONFLICT OF INTEREST STATEMENTS SUBMITTED BY ALL TRUSTEES. IF CONFLICTS REQUIRE ADDITIONAL REVIEW, THE UNIVERSITY BY-LAWS PROVIDES FOR A SPECIAL COMMITTEE TO BE FORMED TO ADDRESS SUCH CONFLICTS. IN ADDITION, CONFLICTS OF INTEREST DISCUSSION IS ON ALL MEETING AGENDAS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE REVIEWED EACH YEAR BY THE PRESIDENT. A SCAN OF COMPARABLE MARKET SALARIES FOR EQUIVALENT POSITIONS IS DONE TO ASSESS APPROPRIATE COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS. THE DELIBERATIONS REGARDING COMPENSATION DECISIONS OF THE COMMITTEE ARE DOCUMENTED. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue BISTRO REVENUE - Total Revenue: 38459, Related or Exempt Function Revenue: , Unrelated Business Revenue: 38459, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; MISCELLANEOUS REVENUE - Total Revenue: 88456, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 88456; Form 990, Part XI, Line 9 Other changes in net assets or fund balances ADJUSTMENT OF ANNUITIES - -44717; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - 134530; CHANGE IN ASSET RETIREMENT OBLIGATION - -10000;