2017-04-11T13:27:33-05:00 2016-05-31 750786316 WEAVER AND TIDWELL LLP 12221 MERIT DRIVE SUITE 1400 DALLAS TX 75251 990 2015-06-01 756001300 DALLAS BAPTIST UNIVERSITY DALL 2143335160 3000 MOUNTAIN CREEK PARKWAY DALLAS TX 752119299 DR MATTHEW MURRAH VP FOR FINANCIAL AFFAIRS 2143335160 2017-04-11 1 IRA L NEVELOW P00083210 9724901970 2015 2021-01-29 14:40:06Z GARY COOK 3000 MOUNTAIN CREEK PARKWAY DALLAS TX 752119299 125391884 0 X WWW.DBU.EDU X 1898 TX THE PURPOSE OF DALLAS BAPTIST UNIVERSITY IS TO PROVIDE CHRIST-CENTERED QUALITY HIGHER EDUCATION IN THE ARTS, SCIENCES, AND PROFESSIONAL STUDIES AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS TO TRADITIONAL AGE AND ADULT STUDENTS IN ORDER TO PRODUCE SERVANT LEADERS WHO HAVE THE ABILITY TO INTEGRATE FAITH AND LEARNING THROUGH THEIR RESPECTIVE CALLINGS. 37 34 2012 0 0 0 15651058 15079208 104433657 107587698 1822739 2005460 209203 203998 122116657 124876364 27129065 28307838 0 0 51046166 52876687 0 0 1309084 36016472 37680903 114191703 118865428 7924954 6010936 182557362 182650663 10993360 9148598 171564002 173502065 X THE PURPOSE OF DALLAS BAPTIST UNIVERSITY IS TO PROVIDE CHRIST-CENTERED QUALITY HIGHER EDUCATION IN THE ARTS, SCIENCES, AND PROFESSIONAL STUDIES AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS TO TRADITIONAL AGE AND ADULT STUDENTS IN ORDER TO PRODUCE SERVANT LEADERS WHO HAVE THE ABILITY TO INTEGRATE FAITH AND LEARNING THROUGH THEIR RESPECTIVE CALLINGS. 0 0 32895604 28307838 92411542 INSTRUCTION - AT THE CORE OF THE MISSION OF THE UNIVERSITY IS THE INTEGRATION OF FAITH AND LEARNING. THE INSTRUCTION EXPENDITURES OF THE UNIVERSITY REFLECT THE UNIVERSITY'S DESIRE TO PROVIDE OUR OVER 5,000 STUDENTS A QUALITY CHRISTIAN HIGHER EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVELS. THESE EXPENDITURES INCLUDE FACULTY SALARIES AND BENEFITS. 4458515 138670 ACADEMIC SUPPORT - DBU RECOGNIZES THE STRONG CORRELATION BETWEEN QUALITY ACADEMIC SUPPORT AND STUDENT RETENTION AND SUCCESS. AT DBU, ACADEMIC SUPPORT IS VIEWED AS MORE THAN HELPING STUDENTS SCHEDULE, REGISTER FOR CLASSES, ETC. IT IS SEEN AS AN OPPORTUNITY TO INVEST IN THE LIVES OF STUDENTS, DEVELOP PERSONAL AND CARING RELATIONSHIPS WITH STUDENTS, AND SERVE AS MODELS OF SERVANT LEADERSHIP THAT STUDENTS CAN EMULATE. IN ADDITION TO THE UNIVERSITY'S COMMITMENT TO ACADEMIC SUPPORT FOR DBU STUDENTS, IT HELPS EMPOWER THEM TO ATTAIN THEIR PERSONAL ACADEMIC GOALS. 48275769 4137844 STUDENT SERVICES - DBU ASSISTS PARENTS AND STUDENTS WITH PROGRAMS AND SERVICES THAT SUPPORT STUDENTS INTELLECTUALLY, PHYSICALLY, SPIRITUALLY AND SOCIALLY. THESE SERVICES INCLUDE STUDENT TESTING, DINING SERVICES, HEALTH SERVICES, CAREER SERVICES AND COUNSELING SERVICES. OUR RESIDENCE LIFE AND RECREATIONAL LIFE STAFF PROVIDE HOUSING SUPPORT SERVICES AND STUDENT RECREATIONAL SERVICES TO ENSURE THAT OUR STUDENTS ARE HEALTHY PHYSICALLY, EMOTIONALLY AND SPIRITUALLY. OUR ATHLETIC DEPARTMENT IS ALSO INCLUDED IN THIS AREA AND PROVIDES SUPPORT FOR OUR STUDENT ATHLETES AS THEY REPRESENT OUR UNIVERSITY AT ATHLETIC EVENTS. FINALLY, OUR REGISTRAR'S OFFICE AND FINANCIAL AID OFFICE ASSIST OUR STUDENTS IN ENROLLING FOR THE APPROPRIATE CLASSES AND BEING ABLE TO AFFORD THE COST OF EDUCATION. EACH OF THESE AREAS SUPPORTS THE MISSION OF THE UNIVERSITY TO PROVIDE AN INTEGRATION OF FAITH AND LEARNING AND PROMOTES THE DEVELOPMENT OF STUDENTS AS SERVANT-LEADERS. 7798289 10905229 AUXILIARY SERVICES - IN ORDER TO PROMOTE INTEGRATION OF FAITH AND LEARNING IN THE ACADEMIC SETTING, DBU PROVIDES AUXILIARY SERVICES TO OUR STUDENTS IN THE FORM OF RESIDENCE HALLS, APARTMENTS, TOWNHOMES AND DINING SERVICES. THESE SERVICES CREATE A COMFORTABLE ENVIRONMENT FOR ACADEMIC PURSUITS WHILE FOSTERING A SENSE OF COMMUNITY AMONG OUR STUDENT POPULATION, ENRICH THE COLLEGE EXPERIENCE AND PROVIDE LEADERSHIP OPPORTUNITIES TO SERVE THE ON-CAMPUS STUDENT BODY. 7798289 10905229 93428177 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 227 0 1 2012 1 0 0 0 0 0 1 1 0 0 0 0 X 37 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DR MATTHEW MURRAH 2143335160 3000 MOUNTAIN CREEK PARKWAY DALLAS TX 75211 AMMONS GREGORY L ADJUNCT INSTRUCTOR 8.00 X 22067 0 0 HARRIS RONALD L ADJUNCT INSTRUCTOR 3.00 X 3500 0 0 PEDERSEN HERBERT L ADJUNCT INSTRUCTOR 12.00 X 26171 0 0 ARNOLD MILES TRUSTEE 1.00 X 0 0 0 BAILEY BERTRAIN TRUSTEE 1.00 X 0 0 0 CARTER WANDA TRUSTEE 1.00 X 0 0 0 CRAIN GAYLA TRUSTEE 1.00 X 0 0 0 DELKUS PETE TRUSTEE 1.00 X 0 0 0 DOTY SANDRA TRUSTEE 1.00 X 0 0 0 DURHAM JOHN TRUSTEE 1.00 X 0 0 0 FORD NITA TRUSTEE 1.00 X 0 0 0 GRIFFIN MICHAEL TRUSTEE 1.00 X 0 0 0 JAYAPRABHU SUDHEER TRUSTEE 1.00 X 0 0 0 JONES ANITA TRUSTEE 1.00 X 0 0 0 KU CHARLES TRUSTEE 1.00 X 0 0 0 LEPPERT LAURA TRUSTEE 1.00 X 0 0 0 NATION JIM TRUSTEE 1.00 X 0 0 0 PHILLIPS STEPHEN TRUSTEE 1.00 X 0 0 0 PINSON BOBBIE TRUSTEE 1.00 X 0 0 0 PURUSHOTHAM SANJAY TRUSTEE 1.00 X 0 0 0 RIOS LUDWINGK TRUSTEE 1.00 X 0 0 0 ROBERTS SETH TRUSTEE 1.00 X 0 0 0 SADLER HAROLD TRUSTEE 1.00 X 0 0 0 SELLARS JOYCE TRUSTEE 1.00 X 0 0 0 SINGLETON GARY TRUSTEE 1.00 X 0 0 0 SKAGGS RONALD TRUSTEE 1.00 X 0 0 0 SMITH DAVID TRUSTEE 1.00 X 0 0 0 SMITH PATSY TRUSTEE 1.00 X 0 0 0 STEVENSON BUENA TRUSTEE 1.00 X 0 0 0 STUART MARY TRUSTEE 1.00 X 0 0 0 TAYLOR BRENT TRUSTEE 1.00 X 0 0 0 TREW JOAN TRUSTEE 1.00 X 0 0 0 TURNER SCOTT TRUSTEE 1.00 X 0 0 0 WHITENACK CALEB TRUSTEE 1.00 X 0 0 0 WILLIAMS CHERRY TRUSTEE 1.00 X 0 0 0 WONG CHRIS TRUSTEE 1.00 X 0 0 0 YIP BIANCA TRUSTEE 1.00 X 0 0 0 COOK GARY R CHANCELLOR 60.00 X 596107 0 93261 BLACKBURN J BLAIR EXECUTIVE VICE PRESIDENT 60.00 X 188010 0 25316 BRUNTMYER ERIC I VP FOR FINANCIAL AFFAIRS 40.00 X 174577 0 33606 BYERS RANDALL D VP FOR INTL AFFAIRS & DEAN OF ONLINE EDUCATION 40.00 X 134023 0 31303 DOWD DENNIS C VP AND PROVOST 40.00 X 192085 0 35114 HINES CORY D VP FOR ADVANCEMENT & EXT AFFAIRS 40.00 X 168900 0 15813 KILLINGSWORTH V BLAKE VP FOR COMMUNICATIONS 40.00 X 111188 0 18220 MURRAH MATTHEW T VP FOR TECHNOLOGY 40.00 X 149082 0 30004 WRIGHTADAM C VP 40.00 X 184879 0 26722 TEAT JONATHAN S VP FOR ADMINISTRATIVE AFFAIRS 40.00 X 135315 0 22418 HEEFNER DANIEL J HEAD BASEBALL COACH 40.00 X 289707 0 44305 KAVLI SUZANNE PROFESSOR OF LEADERSHIP AND RESEARCH 40.00 X 161139 0 36289 LEMONS JAMES C ASSOC PROF OF BIBLICAL STUDIES 40.00 X 174340 0 31605 MALONE DANIEL R GENERAL COUNSEL 40.00 X 172385 0 34639 PARK JINSOP PROFESSOR OF FINANCE 40.00 X 165792 0 26267 LINAM DENNIS B FORMER OFFICER 40.00 X 123796 0 22048 LINAM R GAIL FORMER OFFICER 40.00 X 150071 0 24545 3323134 0 551475 95 1 1 0 EBS SOLUTIONS INC PO BOX 192627 DALLAS TX 75219 CLEANING SERVICES 888078 EXCEL COMMERCIAL PO BOX 211946 BEDFORD TX 76021 PAINTING SERVICES 577166 BOOHERMCGEE & ASSOCIATES INC 1318 SOUTH MAIN STREET DUNCANVILLE TX 75137 ARCHITECTURAL SERVICES 541309 COMPLETE LANDSCULPTURE 2000 SANDY LN DALLAS TX 75220 LANDSCAPING SERVICE 396375 VERITY GROUP PO BOX 940361 PLANO TX 75094 COPIER SERVICE 308912 7 724952 4273255 10081001 120435 15079208 TUITION AND FEES 611710 96503176 96503176 DORMITORY INCOME 611710 6701820 6701820 DINING HALL INCOME 611710 3073908 3073908 ATHLETIC PROGRAMS 611710 368054 368054 MISSION TRIPS 611710 287497 287497 653243 653243 107587698 1980876 1980876 9955 9955 173143 53300 154146 47713 18997 5587 24584 5587 18997 101630 724952 313661 -212031 -212031 FOOD SERVICE INVESTMENT 611710 91969 91969 BOOKSTORE INVESTMENT 611710 50000 50000 STUDENT INSURANCE ADMIN FEES 611710 14335 14335 249770 249770 406074 124876364 107593285 0 2203871 26257262 26257262 2050576 2050576 2369713 772885 1500048 96780 41316174 33442482 6984235 889457 2711003 2180768 458593 71642 3651416 2671847 896288 83281 2828381 2293001 470052 65328 57987 1830 56157 113054 113054 27629 27629 6083197 3382004 2701193 1345896 1211021 131374 3501 6214747 3040888 3108508 65351 1563585 241007 1322578 7598093 4139069 3448584 10440 3569489 2748769 798158 22562 427142 304955 121445 742 44544 44544 7164675 6180335 984340 83626 214 83412 TUITION REMISSION 3000130 2181023 819107 ATHLETIC EXPENSES 188848 188848 STUDENT FINE ARTS PRODU 137678 133067 4611 60583 6326 54257 118865428 93428177 24128167 1309084 8001546 3688015 4 15 146916 129489 3056120 3422545 221810 303954 51912 50590 883597 768588 197324292 68078325 124828002 129245967 41049515 40829007 4317940 4212493 182557362 182650663 6216916 4071100 3441883 3302056 1334561 1775442 10993360 9148598 X 132860715 134646528 11093652 8826552 27609635 30028985 171564002 173502065 182557362 182650663 X 6010936 -3611127 -1048 -460698 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37752198 2955847 -1637035 1300581 37770429 36217692 931949 2116213 1513656 37752198 32867794 557530 4197793 1405425 36217692 28228458 570831 4957656 889151 32867794 30819251 441831 -1614320 1418304 28228458 0.33190 0.66810 0 0 558320 2391513 2949833 130292116 31899708 98392408 336187 328101 8086 20039073 14660816 5378257 43707083 21189700 22517383 129245967 MARKETABLE COMMODITIES 7558 F INVESTMENTS HELD IN TRUST 40701699 F OTHER 119750 F 40829007 OTHER LIABILITIES 648749 ANNUITIES PAYABLE 800566 ROOM AND KEY DEPOSITS 6820 STATE FINANCIAL AID TO BE AWARDED 93328 AGENCY ACCOUNTS 225979 1775442 X 93102029 -3611127 -460698 -4071825 97173854 27629 27674881 27702510 124876364 91163966 1048 313661 314709 90849257 27629 27988542 28016171 118865428 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) IN ACCORDANCE WITH A LETTER FROM THE INTERNAL REVENUE SERVICE DATED MARCH 16, 1987. THIS LETTER STATES THAT THE EXEMPTION WAS GRANTED IN JUNE 1946. ALSO, UNDER A GROUP RULING ISSUED BY THE INTERNAL REVENUE SERVICE TO THE BGCT, THE UNIVERSITY, AS AN INSTITUTION OF THE BGCT, IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE UNIVERSITY'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE UNIVERSITY HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. THE UNIVERSITY HAD NO MATERIAL UNRELATED BUSINESS TAXABLE INCOME DURING THE YEARS ENDED MAY 31, 2016 AND 2015. THE UNIVERSITY ADOPTED ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH BECAME EFFECTIVE FOR YEARS BEGINNING AFTER DECEMBER 15, 2008, RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE PRONOUNCEMENT REQUIRES THAT THE UNIVERSITY RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE PRONOUNCEMENT ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S STATUS AND STATE TAXES HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. AS OF MAY 31, 2016, THE UNIVERSITY'S TAX YEARS 2012 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -460,698. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 27,988,542. SPECIAL EVENTS EXPENSES -313,661. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 313,661. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 27,988,542. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 13 58797 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS EAST ASIA AND THE PACIFIC 191 1007428 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 10 80116 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS NORTH AMERICA 18 82674 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 1 6148 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS SOUTH AMERICA 131 524620 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS SOUTH ASIA 32 131113 PAID TO UNIVERSITY FOR TUITION SCHOLARSHIPS SUB-SAHARAN AFRICA 32 159680 PAID TO UNIVERSITY FOR TUITION 0 0 0 0 0 0 R. PERRY DINNER 669176 595900 73276 19600 3772 112278 12575 129048 T. LANDRY DINNER 97184 85570 11614 12379 3405 2 60222 43482 16740 3217 15287 2100 826582 724952 101630 22817 3772 139944 12575 134553 313661 -212031 1 SCHOLARSHIPS 3395 26257262 PART I, LINE 2: THE UNIVERSITY HAS A FINANCIAL AID OFFICE WHICH IS CHARGED WITH THE RESPONSIBILITY OF APPLYING SCHOLARSHIPS TO STUDENT ACCOUNTS IN COMPLIANCE WITH ALL FEDERAL REQUIREMENTS, DONOR RESTRICTIONS ON ENDOWMENT INCOME TO BE USED FOR SCHOLARSHIPS AND INTERNAL POLICIES FOR INSTITUTIONAL SCHOLARSHIP FUNDS IN RELATION TO ELIGIBILITY REQUIREMENTS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 COOK GARY R CHANCELLOR 523683 0 0 0 72424 0 50268 0 42993 0 689368 0 0 0 BLACKBURN J BLAIR EXECUTIVE VICE PRESIDENT 153800 0 32108 0 2102 0 10620 0 14696 0 213326 0 0 0 BRUNTMYER ERIC I VP FOR FINANCIAL AFFAIRS 173742 0 0 0 835 0 5746 0 27860 0 208183 0 0 0 BYERS RANDALL D VP FOR INTL AFFAIRS & DEAN OF ONLINE 133512 0 0 0 511 0 18000 0 13303 0 165326 0 0 0 DOWD DENNIS C VP AND PROVOST 187869 0 0 0 4216 0 24000 0 11114 0 227199 0 0 0 HINES CORY D VP FOR ADVANCEMENT & EXT AFFAIRS 153180 0 10217 0 5503 0 6613 0 9200 0 184713 0 0 0 MURRAH MATTHEW T VP FOR TECHNOLOGY 146909 0 1608 0 565 0 11072 0 18932 0 179086 0 0 0 WRIGHTADAM C VP 173833 0 10535 0 511 0 14922 0 11800 0 211601 0 0 0 TEAT JONATHAN S VP FOR ADMINISTRATIVE AFFAIRS 116421 0 8967 0 9927 0 11705 0 10713 0 157733 0 0 0 HEEFNER DANIEL J HEAD BASEBALL COACH 254451 0 32108 0 3148 0 18000 0 26305 0 334012 0 0 0 KAVLI SUZANNE PROFESSOR OF LEADERSHIP AND RESEARCH 157075 0 1000 0 3064 0 24000 0 12289 0 197428 0 0 0 LEMONS JAMES C ASSOC PROF OF BIBLICAL STUDIES 171893 0 0 0 2447 0 11543 0 20062 0 205945 0 0 0 MALONE DANIEL R GENERAL COUNSEL 170038 0 0 0 2347 0 24000 0 10639 0 207024 0 0 0 PARK JINSOP PROFESSOR OF FINANCE 162530 0 0 0 3262 0 16194 0 10073 0 192059 0 0 0 LINAM DENNIS B FORMER OFFICER 119117 0 0 0 4679 0 11904 0 10144 0 145844 0 0 0 LINAM R GAIL FORMER OFFICER 145102 0 0 0 4969 0 14510 0 10035 0 174616 0 0 0 PART II COLUMN B(I) - AMOUNTS IN COLUMN INCLUDE, BUT ARE NOT LIMITED TO, CONTRACTUAL PAY. COLUMN B(III) - (1) A DEFERRED COMPENSATION ARRANGEMENT WAS ENTERED INTO FOR YEARS BEGINNING IN 2000 (LATER REVISED.) INCLUDES AMOUNTS FOR HOUSING, MILEAGE EXPENSE, WELLNESS AWARD, TAXABLE GROUP TERM LIFE, AND CONTRIBUTION TO COOK'S 403(B) PLAN; AS WELL AS TUITION REMISSION BENEFITS, MILEAGE EXPENSE, WELLNESS AWARD, AND TAXABLE GROUP TERM LIFE FOR OTHERS. COLUMN C - (2) INCLUDES DEFERRED COMPENSATION PROVIDED IN 2000, WHICH VESTED IN 2015, BUT IS NOT PAID, AS WELL AS NONTAXABLE RETIREMENT EMPLOYER CONTRIBUTIONS. COLUMN D - (3) AMOUNTS IN COLUMN D PROVIDE FOR THE NONTAXABLE VALUE OF CAMPUS HOUSING UNDER SECTION 119 FOR COOK, AND/OR NONTAXABLE MEDICAL BENEFITS FOR ALL. X 28210 COST OF DONATED PROPERTY X ADVERTISING 1 50000 COST OF DONATED PROP X OTHER 12 24125 COST OF DONATED PROP X FURNITURE 2 12500 COST OF DONATED PROP X COMPUTER EQUIPMENT 3 5600 COST OF DONATED PROP 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE IRS FORM 990 IS PREPARED INTERNALLY BY THE FINANCIAL AFFAIRS DIVISION OF THE UNIVERSITY. THE INFORMATION GATHERED AND REVIEWED TO PREPARE THE FORM 990 COMES FROM NUMEROUS SOURCES. THESE SOURCES INCLUDE THE UNIVERSITY'S FINANCIALS, PAYROLL RECORDS, BOARD OF TRUSTEES DOCUMENTS, ETC. THE FINAL DRAFT OF THE FORM 990 IS PRESENTED TO THE FULL BOARD BEFORE IT IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C YES, THE ORGANIZATION DOES MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY OF DEALING WITH "CONFLICT OF INTEREST." SPECIFICALLY, THE FINANCIAL AFFAIRS VICE PRESIDENT REVIEWS ALL PURCHASE ORDERS AND APPROVES THE PURCHASE ORDERS IN ORDER TO MONITOR WHETHER OR NOT AN OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST AND IS BEING REIMBURSED AS SUCH. IF AT ANY TIME AN OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE SHOULD APPEAR TO HAVE A CONFLICT OF INTEREST, THE INFORMATION IS THEN PROVIDED TO THE APPROPRIATE ENTITY FOR THEM TO ACT UPON. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S TOP OFFICER. THE ORGANIZATION'S TOP OFFICER REVIEWS AND APPROVES THE COMPENSATION OF THE REMAINING OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS/FUND BALANCES -460,698. FORM 990, PART XII, LINE 2C - CHANGE IN OVERSIGHT OF THE AUDIT THERE HAS BEEN NO CHANGE IN THE OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT.