2018-05-15T13:55:40-05:00 2017-06-30 Grant Thornton LLP 201 S COLLEGE ST STE 2500 CHARLOTTE NC 28244 990 2016-07-01 250983069 Johnson C Smith University % GREG PETZKE JOHN 7043781000 100 Beatties Ford Road Charlotte NC 28216 GREG PETZKE CFO 7043781190 2018-05-15 true MICHELE N MELCHIOR P00488037 7046323500 2018-05-14 2016 2022-09-23 18:48:47Z Dr Ronald Lee Carter 100 Beatties Ford Charlotte NC 28216 49202848 false X www.jcsu.edu X 1867 NC JOHNSON C SMITH UNIVERSITY OFFERS A LIBERAL ARTS EDUCATION TO A DIVERSE GROUP OF TALENTED AND MOTIVATED STUDENTS IN PREPARATION FOR ADVANCE STUDY AND SPECIFIC CAREERS. 18 17 1054 18 116945 13766468 12882781 32122860 32011803 378478 893298 220297 226576 46488103 46014458 8916057 7344242 0 0 21677872 22689835 0 0 1328757 25619716 20361688 56213645 50395765 -9725542 -4381307 142936730 142460148 35279013 32646182 107657717 109813966 X THE MISSION OF JOHNSON C. SMITH UNIVERSITY IS TO PROVIDE AN OUTSTANDING EDUCATION FOR A DIVERSE GROUP OF TALENTED AND HIGHLY MOTIVATED STUDENTS FROM VARIOUS ETHNIC, SOCIOECONOMIC, AND GEOGRAPHICAL BACKGROUNDS. THE UNIVERSITY OFFERS A LIBERAL ARTS EDUCATION IN CONJUNCTION WITH CONCENTRATED STUDY IN SPECIALIZED FIELDS, IN PREPARATION FOR ADVANCED STUDY AND SPECIFIC CAREERS. THE UNIVERSITY ENDEAVORS TO PRODUCE GRADUATES WHO ARE ABLE TO COMMUNICATE EFFECTIVELY, THINK CRITICALLY, LEARN INDEPENDENTLY AS WELL AS COLLABORATIVELY, AND DEMONSTRATE COMPETENCE IN THEIR CHOSEN FIELDS. FURTHER, IT PROVIDES AN ENVIRONMENT IN WHICH STUDENTS CAN FULFILL THEIR PHYSICAL, SOCIAL, CULTURAL, SPIRITUAL, AND OTHER PERSONAL NEEDS THROUGH WHICH THEY CAN DEVELOP A COMPELLING SENSE OF SOCIAL AND CIVIC RESPONSIBILITY FOR LEADERSHIP AND SERVICE IN A DYNAMIC, MULTICULTURAL SOCIETY. LIKEWISE, THE UNIVERSITY EMBRACES ITS RESPONSIBILITY TO PROVIDE LEADERSHIP, SERVICE, AND LIFELONG LEARNING TO THE LARGER COMMUNITY. REGA false false 12444789 20634113 INSTRUCTION: JOHNSON C. SMITH UNIVERSITY OFFERS INSTRUCTIONS IN VARIOUS LIBERAL ARTS PROGRAMS. FOR THE REPORTING PERIOD THE UNIVERSITY HAD ALMOST 1,500 STUDENTS MATRICULATING IN THESE PROGRAMS. JOHNSON C. SMITH UNIVERSITY HAS 3 COLLEGES FROM WHICH STUDENTS CAN CHOOSE VARIOUS MAJORS: COLLEGE OF ARTS AND LETTERS, COLLEGE OF PROFESSIONAL STUDIES, AND COLLEGE OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS. 6206101 1795192 STUDENT SERVICES: JOHNSON C SMITH UNIVERSITY OFFERS A WIDE RANGE OF SERVICES TO ITS STUDENTS. THESE PROGRAMS INCLUDE THE FOLLOWING SERVICES: PLACEMENT AND CAREER COUNSELING, ADMISSION, REGISTRAR, FINANCIAL AID, SPORTS AND VARIOUS OTHER STUDENT ACTIVITIES. 4137989 3068178 ACADEMIC SUPPORT: OUR ACADEMIC SUPPORT SERVICES INCLUDES INFORMATION TECHNOLOGY, LIBRARY SERVICES, SMART CLASSROOMS, AND FACULTY TRAINING. EVERY FULLTIME STUDENT AT JOHNSON C. SMITH UNIVERSITY RECEIVES A LAPTOP. OUR LIBRARY CONTINUES TO UPDATE ITS BOOK CATALOGS. IN ADDITION, STUDENTS HAVE ACCESS TO A WIDE RANGE OF ONLINE CATALOGS. JOHNSON C. SMITH UNIVERSITY IS IN THE PROCESS OF TRANSFORMING ALL ITS TRADITIONAL CLASSROOMS INTO SMART CLASSROOMS BY PLACING TECHNOLOGY AT THE STUDENT'S FINGER TIP. 8660968 6186591 Auxiliary Service (Room and Board) 7344242 7344242 Student Assistance 974451 327729 Public Service 16979661 7344242 6514320 39768540 true true false false false false true false true true true false false true true true false true false true false false false true false false false true true false false false false false false false true false false false false false false false false false true 146 0 true 1054 true true true false false false false true true false false false false X 18 17 false false false false false false false true true false false true true true true true true true false false NC X GREG PETZKE 7043781190 100 BEATTIES FORD ROAD Charlotte NC 28216 Thomas Barnhardt Trustee 1.0 0.0 X 0 0 0 Steven L Boyd Trustee 1.0 0.0 X 0 0 0 Parran L Foster III Trustee 1.0 0.0 X 0 0 0 Christy S Bryant Trustee 1.0 0.0 X 0 0 0 Kevin Henry Vice-Chair 1.0 0.0 X X 0 0 0 Shirley Hughes Chair 1.0 0.0 X X 0 0 0 Michael Jones Trustee 1.0 0.0 X 0 0 0 Monroe Miller Trustee 1.0 0.0 X 0 0 0 Patricia Morton Trustee 1.0 0.0 X 0 0 0 Gregory W Norwood Trustee 1.0 0.0 X 0 0 0 Richard J Osborne Trustee 1.0 0.0 X 0 0 0 Tami Simmons Secretary 1.0 0.0 X X 0 0 0 John B Stedman Jr Trustee 1.0 0.0 X 0 0 0 McKinley Washington Jr Trustee 1.0 0.0 X 0 0 0 Sheila R Brown Trustee 1.0 0.0 X 0 0 0 Astrid Chirinos Trustee 1.0 0.0 X 0 0 0 Damian Johnson Trustee 1.0 0.0 X 0 0 0 Steve Magowan Trustee 1.0 0.0 X 0 0 0 Dr Ronald Lee Carter President 40.0 0.0 X 236211 0 36688 Greg W Petzke Vice President - Finance 40.0 0.0 X 180035 0 30755 Joy E Paige Vice President - Development 40.0 0.0 X 159140 0 16157 Olivia Diane Bowles Vice President GSPAR 40.0 0.0 X 151948 0 15463 Kelli Rainey Dean Academic Support Services 40.0 0.0 X 144190 0 14780 Hang Chen Dean of STEM 40.0 0.0 X 138042 0 27222 Stephen Joyner Sr Athletic Director 40.0 0.0 X 119190 0 3706 1128756 0 144771 13 false true false Perkins Management Service Co 7730 England Street Suite A CHARLOTTE NC 28273 Food Service 2862904 Mosaic Village Holdings LLC 4530 Park Road CHARLOTTE NC 28209 Property Management 3304580 WFF Facility Service PO Box 958204 ST LOUIS MO 63195 Janitorial Service 1703995 Follett Higher Education Group 3146 Solutions Center CHICAGO IL 60677 Bookstore Management 1691777 Walter B Davis Company Inc PO Box 35241 CHARLOTTE NC 28235 Construction 601881 22 114290 4205951 8562540 12882781 TUITION 611600 20634113 20634113 ROOM AND BOARD 721310 6186591 6186591 ACADEMIC SUPPORT 611710 3068178 3068178 STUDENT SERVICES 611710 1795192 1795192 INSTITUTIONAL SUPPORT 611710 327729 327729 32011803 798298 116945 681353 0 0 194164 16474 177690 0 177690 177690 3126993 3031993 95000 95000 95000 114290 114290 139923 -25633 -25633 0 0 0 0 0 0 VENDING REVENUE 900099 74519 74519 74519 46014458 32011803 116945 1002929 0 7344242 7344242 0 0 555490 555490 0 19387115 14734207 3877423 775485 245270 186405 49054 9811 1231695 936088 246339 49268 1270265 965401 254053 50811 229277 38300 188789 2188 383535 383535 72709 72709 0 0 857718 857718 4123461 3133831 824693 164937 237273 149771 74446 13056 1566592 1190610 313318 62664 1266809 962775 253362 50672 0 4952364 4659495 292114 755 759361 586621 160354 12386 0 432266 307775 75280 49211 354166 283333 70833 0 4375626 3719282 568831 87513 505810 384416 121394 SUBSCRIPTION AND MEMBERSHIP 244721 185988 58733 50395765 39768540 9298468 1328757 4558 0 8603626 7885517 5313250 4205902 615683 1167199 0 0 0 0 157579 0 0 1274734 859830 137712842 77463328 63293034 60249514 1160624 1847651 60789204 64718793 0 0 0 0 1724438 1525742 142936730 142460148 4271388 4093432 0 0 44084 148315 0 0 0 0 0 0 4252361 2964741 0 0 26711180 25439694 35279013 32646182 X 42155623 40869516 29451080 32288350 36051014 36656100 107657717 109813966 142936730 142460148 -4381307 6537556 X false true X true true true X 9573939 14681738 13472189 13766468 12882781 64377115 0 0 9573939 14681738 13472189 13766468 12882781 64377115 16721196 47655919 69111 117240 292521 462564 992462 1933898 0 249625 221746 197680 206299 188809 1064159 67375172 164018092 0.70732 0.47018 X SCHEDULE A, PART II JOHNSON C. SMITH UNIVERSITY IS COMPLETING SCHEDULE A PART II IN ORDER TO UTILIZE THE SPECIAL RULE ON 990 SCHEDULE B. SCHEDULE B IDENTIFIES THAT THE SPECIAL RULE MAY BE UTILIZED BY ORGANIZATIONS THAT MET THE 33 1/3% SUPPORT TEST AND CHECKED THE BOX ON SCHEDULE A PART II LINE 13, 16A, OR 16B. JOHNSON C. SMITH UNIVERSITY MET THE 33 1/3% SUPPORT TEST FOR THE FISCAL YEAR ENDED JUNE 30, 2017 AND HAS CHECKED THE BOX ON SCHEDULE A PART II LINE 16A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 672561 X X false 61949828 1099478 7072684 1184993 1942000 428553 66566444 64381205 2000000 -1184012 1117499 1708466 421400 61949828 61125083 1452798 4494858 891927 1335670 463937 64381205 53785654 276416 9769291 2169959 53110 483209 61125083 50254408 150088 5553749 2091806 52004 28781 53785654 0.16100 0.51500 0.32400 false false 774257 774257 72049789 36676381 35373408 30847242 10397613 20449629 26998494 23531170 3467324 7043060 6858164 184896 60249514 INTERNATIONAL EQUITY FUNDS 3297601 F PRIVATE EQUITY FUNDS 61392677 F LIFE INSURANCE TRUST 28515 F 64718793 0 CAPITAL LEASE OBLIGATION 247605 ASSET RETIREMENT OBLIGATION 1780538 ADVANCE FROM GOVERNMENT 1261746 TAXABLE BONDS 22149805 25439694 X 44690346 6537556 -7344242 -806686 45497032 428769 88657 517426 46014458 42534097 -7344242 -7344242 49878339 428769 88657 517426 50395765 Description of Organization's Collections SCHEDULE D, PART III, LINE 4 THE UNIVERSITY HAS ACQUIRED SEVERAL PIECES OF ART OVER THE YEARS THROUGH DONATIONS FROM VARIOUS ALUMNI AND OTHER DONORS. MANY OF THESE ITEMS ARE HUNG IN THE JAMES B. DUKE LIBRARY FOR STUDENTS ATTENDING THE SCHOOL TO ENJOY AS PART OF THEIR EDUCATIONAL EXPERIENCE. THE UNIVERSITY HAS ACQUIRED SEVERAL PIECES OF ART OVER THE YEARS THROUGH DONATIONS FROM VARIOUS ALUMNI AND OTHER DONORS. MANY OF THESE ITEMS ARE HUNG IN THE JAMES B. DUKE LIBRARY FOR STUDENTS ATTENDING THE SCHOOL TO ENJOY AS PART OF THEIR EDUCATIONAL EXPERIENCE. Intended Uses of Endowment Funds SCHEDULE D, PART V, LINE 4 THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS ARE TO FUND SCHOLARSHIPS, PROFESSORSHIPS, PROFESSIONAL DEVELOPMENT AND MAINTENANCE. Liability for Uncertain Tax Position (ASC 740) SCHEDULE D, PART X, LINE 2 THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES AN INFORMATIONAL RETURN, FORM 990, ANNUALLY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS. SUPPLEMENTAL DESCRIPTION - OTHER SCHEDULE D, PART XI and Part XII: LINE 2D RECLASS: GRANTS TO STUDENTS $7,344,242 LINE 4B RECLASS: SPECIAL EVENT ACTIVITY ($88,657) true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 JOHNSON C. SMITH UNIVERSITY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE STUDENT AND EMPLOYEE HANDBOOKS AS WELL AS ON THE UNIVERSITYS WEBSITE. JOHNSON C. SMITH UNIVERSITY IS AN ACADEMIC COMMUNITY AND WORKPLACE ENVIRONMENT WHICH VALUES DIVERSITY AND THE INTELLECTUAL GROWTH THAT RESULTS FROM THE SHARING AND EXPRESSION OF DIFFERENT IDEAS AND PERSPECTIVES. JOHNSON C. SMITH UNIVERSITYS COMMITMENT TO DIVERSITY AND INCLUSION IS STRONG AND UNWAVERING, AND WE ESPOUSE THOSE VALUES BEYOND THE GATES OF OUR CAMPUS. JCSU ACTIVELY RECRUITS HIGH-ACHIEVING STUDENTS, FACULTY AND STAFF FROM DIFFERENT CULTURES, RACES, RELIGIONS, SOCIO-ECONOMIC BACKGROUNDS, ETHNICITIES AND NATIONALITIES. JOHNSON C. SMITH UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, NATIONAL ORIGIN, AGE, DISABILITY OR VETERAN STATUS AS IT RELATES TO STUDENT ENROLLMENT OR HIRING. BY CREATING A CAMPUS COMMUNITY THAT EMBRACES INCLUSIVENESS, JCSU BELIEVES THAT ALL INVOLVED IN THE ACADEMIC ENTERPRISE WILL GROW INTELLECTUALLY, EMOTIONALLY, SOCIALLY AND CULTURALLY WHILE DEVELOPING A SENSE OF SOCIAL RESPONSIBILITY. WE USE OUR INTELLECTUAL AND SOCIAL CAPITAL TO BUILD TRUST AND PROMOTE RELATIONS ACROSS ALL BOUNDARIES TO SUSTAIN COMMUNITY ASSETS WHEN WORKING WITH NEIGHBORHOODS SURROUNDING THE CAMPUS AND WITH COMMUNITIES THROUGHOUT THE CITY. THROUGH DIRECT ACTIONS ON CAMPUS AND PARTNERSHIPS WITH KEY ORGANIZATIONS IN THE COMMUNITY, JOHNSON C. SMITH UNIVERSITY IS STEADFAST IN OUR DEDICATION TO SERVING AS A CATALYST FOR SOCIAL CHANGE RESULTING IN A GLOBAL SOCIETY THAT IS GROUNDED IN SOCIAL JUSTICE FOR ALL HUMANKIND. Schedule E, Part I, Line 6a THE UNIVERSITY IS A PARTICIPANT IN THE DEPARTMENT OF EDUCATION TITLE 4 PROGRAM, DIRECT LOANS. THE UNIVERSITY ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS INCLUDING PELL, SEOG, TEACH, AND TITLE 3. false Central America and the Caribbean Investments 3773496 3773496 3773496 true false true true false false President Gala 228580 114290 114290 43306 49264 47353 0 228580 114290 114290 43306 49264 47353 139923 -25633 true Tuition and Fees 887 6683260 Room and Board 106 440655 Books 42 146885 Stipend 21 73442 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON ACADEMIC MERIT, ATHLETIC MERIT AND ACADEMIC DISCIPLINE. STUDENT LOANS ARE AWARDED BASED ON FEDERAL ELIGIBILITY GUIDELINES AS PROVIDED BY THE US DEPARTMENT OF EDUCATION DIRECT LENDING PROGRAM. STUDENT ATHLETICS MUST FOLLOW THE RULES SET FORTH BY THE NCAA. ONCE A SCHOLARSHIP HAS BEEN AWARDED, THE UNIVERSITY CHECKS THE RECIPIENTS' GRADE POINT AVERAGE AT THE END OF EACH SCHOOL YEAR TO DETERMINE IF THEY ARE MEETING THE ACADEMIC STANDARD SET FORTH BY THE SCHOOL OR DONOR. THE FINANCIAL AID OFFICE AT JOHNSON C. SMITH UNIVERSITY IS RESPONSIBLE FOR CHECKING EACH ACADEMIC SCHOLARSHIP RECIPIENT'S GRADES BEFORE SCHOLARSHIPS ARE AWARDED FOR THE NEXT SCHOOL YEAR. STUDENTS NOT MEETING SAP (SATISFACTORY ACADEMIC PROGRESS) WILL LOSE THEIR ACADEMIC SCHOLARSHIPS. FOR NEEDS BASED SCHOLARSHIPS AND GRANTS, THE PARENTS OF THE RECIPIENTS ARE REQUIRED TO SUBMIT A COPY OF THE TAX RETURN EACH YEAR TO THE FINANCIAL AID OFFICE BEFORE NEW NEEDS BASED SCHOLARSHIPS ARE AWARDED. STUDENTS RECEIVING ATHLETIC SCHOLARSHIPS MUST MAINTAIN A 2.0 OR HIGHER GRADE POINT AVERAGE AND MUST PASS AT LEAST 6 CREDIT HOURS IN THE FALL SEMESTER AND 24 CREDIT HOURS FOR THE SCHOOL YEAR. THE ATHLETICS COMPLIANCE COORDINATOR CHECKS THE GRADE REPORT FOR EACH STUDENT ATHLETE. EACH STUDENT ATHLETE'S GRADE REPORT IS EXAMINED AT THE END OF THE SEMESTER TO SEE IF HE OR SHE IS MEETING THE SET STANDARDS. IF THEY ARE NOT MEETING STANDARDS, THEY WILL LOSE THEIR SCHOLARSHIPS. FOR ALL SCHOLARSHIPS AND GRANTS, IF A STUDENT WITHDREW FROM THE UNIVERSITY BEFORE COMPLETING 60 PERCENT OR MORE OF A SEMESTER, THEIR FINANCIAL AID INCLUDING INTERNAL SCHOLARSHIPS ARE PRORATED BASED THE R2T4 (RETURN OF TITLE 4 FUNDS) CALCULATION. X X true true X X X X false false false false false false false false false Dr Ronald Lee Carter President 227211 0 0 0 9000 0 11000 0 25688 0 272899 0 0 0 Greg W Petzke Vice President - Finance 180035 0 0 0 0 8750 0 22005 0 210790 0 0 0 Joy E Paige Vice President - Development 159140 0 0 0 0 0 7210 0 8947 0 175297 0 0 0 Olivia Diane Bowles Vice President GSPAR 151948 0 0 0 0 0 6695 0 8768 0 167411 0 0 0 Kelli Rainey Dean Academic Support Services 144190 0 0 0 0 0 6000 0 8780 0 158970 0 0 0 Hang Chen Dean of STEM 138042 0 0 0 0 0 5500 0 21722 0 165264 0 0 0 Housing Allowance or Residence for Personal Use SCHEDULE J, PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY HAS IN HIS CONTRACT SEVERAL ITEMS THAT PERTAIN TO HIS JOB FUNCTION AT THE UNIVERSITY. HE RESIDES IN UNIVERSITY OWNED HOUSING, AS IS TYPICAL FOR HIS POSITION AS UNIVERSITY PRESIDENT. Health or Social Club Dues or Initiation Fees SCHEDULE J, PART I, LINE 1A THE UNIVERSITY ALSO PAYS A CLUB MEMBERSHIP FEE FOR THE PRESIDENT TO CONDUCT BUSINESS. THIS MEMBERSHIP IS USED ONLY FOR BUSINESS ACTIVITIES AND NOT FOR ANY PERSONAL BENEFIT TO HIM. Global Endowment Management See Part V 424614 Investment Management false PART IV, LINE 1, COLUMN B The Organization has assets invested with Global Endowment Management. The CEO of Global Endowment Management is the husband of Patricia Morton, a board member of this organization. DELEGATION OF AUTHORITY FORM 990, PART VI, 1A IN ACCORDANCE WITH OUR BY LAWS, THE EXECUTIVE COMMITTEE HAS THE FOLLOWING POWERS: EXECUTION OF ALL OF THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND CONTROL OF THE PROPERTY AND AFFAIRS OF THE UNIVERSITY WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION. MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE: 1) CHAIRMAN OF THE BOARD OF TRUSTEES; 2) THE VICE CHAIRMAN OF THE BOARD OF TRUSTEES; 3) THE SECRETARY OF THE BOARD OF TRUSTEES; 4) ALL COMMITTEE CHAIRMEN; 5) THE PRESIDENT OF THE UNIVERSITY; 6) THE TREASURER OF THE UNIVERSITY; 7) THE UNIVERSITY COUNSEL, EX OFFICIO; AND 8) THE PAST CHAIRMAN OF THE BOARD OF TRUSTEES FOR ONE (1) YEARS FOLLOWING THE ELECTION OF A NEW CHAIRMAN. THE MINUTES OF EACH MEETING OF THE EXECUTIVE COMMITTEE SHALL BE PRESENTED TO AND REVIEWED BY THE BOARD OF TRUSTEES AT ITS NEXT REGULAR MEETING. FORM 990 REVIEW PROCESS FORM 990, PART VI LINE 11B THE UNIVERSITY'S PROCESS FOR REVIEWING THE IRS FORM 990 IS AS FOLLOWS: (1) THE VICE PRESIDENT OF BUSINESS AND FINANCE COMPLETES A DETAILED REVIEW OF THE FORM AND DISCUSSES THE FORM WITH THE UNIVERSITY'S OUTSIDE TAX ADVISORS, GRANT THORNTON AND WITH THE UNIVERSITY'S ACCOUNTING AND BUDGET MANAGER. (2) AFTER THE VICE PRESIDENT HAS COMPLETED HIS REVIEW AND OBTAINED ANSWERS TO ALL HIS QUESTIONS, A COPY OF THE FORM IS ISSUED TO THE PRESIDENT OF THE UNIVERSITY AND THE BUDGET AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR A SECOND REVIEW. ALL REVIEW QUESTIONS ARE ADDRESSED AND ANY NECESSARY CHANGES ARE INCORPORATED INTO THE FINAL VERSION OF THE FORM 990. THE FULL BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. CONFLICTS OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES EACH YEAR RENEW THEIR COMMITMENT TO THE CONFLICT OF INTEREST POLICY. THE AFFIRMING NOTICES AND SIGNATURES FOR EACH YEAR IS KEPT WITH THE SECRETARY OF THE BOARD OF TRUSTEES. IF A CONFLICT IS REPORTED, THE MATTER IS INVESTIGATED BY THE GOVERNANCE COMMITTEE AND REVIEWED BY THE BOARD. THE INDIVIDUAL WITH THE CONFLICT MAKES A PRESENTATION ON THEIR BEHALF BUT IS RECUSED FROM RESOLUTION OF THE CONFLICT. THIS PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD OF TRUSTEES. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A & 15B THE VICE CHAIRMAN OF THE BOARD OF TRUSTEES IS THE CHAIRMAN OF THE COMPENSATION COMMITTEE. THE MEMBERS OF THAT COMMITTEE REVIEW THE COMPENSATION OF THE PRESIDENT EACH YEAR. THE PRESIDENT IS GIVEN AN EVALUATION THAT IS FILED WITH THE BOARD OF TRUSTEES. THE COMMITTEE UTILIZES MARKET DATA, AND OTHER FACTORS TO DETERMINE THE COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY. COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES AT THE UNIVERSITY ARE DETERMINED BY THE UNIVERSITY'S PRESIDENT BASED ON MARKET RATE. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 THE UNIVERSITY MAY PROVIDE INFORMATION IN REGARDS TO ITS ANNUAL AUDIT AND OTHER DOCUMENTS UPON APPROVAL OF THE BOARD OF TRUSTEES.