2017-05-15T15:22:33-05:00 2016-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2015-07-01 314379459 DENISON UNIVERSITY DENI 7405876679 PO BOX 810 GRANVILLE OH 43023 DAVID ENGLISH VP FOR FINANCE & MGMT. 7405876679 2017-05-15 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2015 2021-01-29 14:40:06Z ADAM S WEINBERG PO BOX 810 GRANVILLE OH 43023 284868267 0 X WWW.DENISON.EDU X 1832 OH THROUGH AN EMPHASIS ON ACTIVE LEARNING, DENISON UNIVERSITY ENGAGES STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND THE TRANSFORMATIVE POWER OF EDUCATION. 35 35 2776 2000 -564192 -659046 34530972 23100324 125047715 132601067 67585194 49573317 1165286 -462482 228329167 204812226 57641158 59837314 0 0 64283033 68980557 0 0 4314375 49478139 53893469 171402330 182711340 56926837 22100886 1172062887 1134601548 189384342 226730054 982678545 907871494 SEE SCHEDULE O 0 0 158111043 59837314 132045693 OUR PURPOSE IS TO INSPIRE AND EDUCATE OUR STUDENTS TO BECOME AUTONOMOUS THINKERS, DISCERNING MORAL AGENTS AND ACTIVE CITIZENS OF A DEMOCRATIC SOCIETY. THROUGH AN EMPHASIS ON ACTIVE LEARNING, WE ENGAGE STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND DEMONSTRATES THE TRANSFORMATIVE POWER OF EDUCATION. WE PROVIDE UNDERGRADUATE PROGRAMS OF INSTRUCTION TO APPROXIMATELY 2,140 STUDENTS. STUDENTS ARE OFFERED MORE THAN 48 MAJORS, CONCENTRATIONS AND PROGRAMS OF STUDY. SCHOLARSHIPS AND GRANTS ARE PROVIDED BASED ON MERIT AND ECONOMIC NEED. WE ALSO PROVIDE SERVICES TO STUDENTS INCLUDING COUNSELING AND PROGRAMS IN THE AREAS OF ADMISSIONS, STUDENT AID, STUDENT EMPLOYMENT, STUDENT ACTIVITIES, REGISTRATION, AND STUDENT LIFE. 158111043 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 598 0 1 2776 1 1 1 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 1 0 OH X CATHY UNTIED CONTROLLER 7405876679 DENISON UNIVERSITY PO BOX 810 GRANVILLE OH 43023 JAMES L ANDERSON TRUSTEE 1.00 0.00 X 0 0 0 ROBERT BENNETT TRUSTEE 1.00 0.00 X 0 0 0 GEORGE BODENHEIMER TRUSTEE 1.00 0.00 X 0 0 0 CYNTHIA OOTEN BOOTH TRUSTEE 1.00 0.00 X 0 0 0 SUSAN V BOOTH TRUSTEE 1.00 0.00 X 0 0 0 DANIEL J BRICKMAN TRUSTEE 1.00 0.00 X 0 0 0 CASEY CHROUST TRUSTEE 1.00 0.00 X 0 0 0 JILL GOUBEAUX CLARK TRUSTEE 1.00 0.00 X 0 0 0 JANET CROWN TRUSTEE 1.00 0.00 X 0 0 0 PAUL A DIMITRUK TRUSTEE 1.00 0.00 X 0 0 0 JOHN V FARACI JR CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 JEREMY J FLUG TRUSTEE 1.00 0.00 X 0 0 0 KRISTEN FITZWILLIAM GIARRUSSO TRUSTEE 1.00 0.00 X 0 0 0 JAMES T GLERUM JR TRUSTEE 1.00 0.00 X 0 0 0 DANA HART VICE-CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 RO NITA HAWES-SAUNDERS TRUSTEE 1.00 0.00 X 0 0 0 DAVID J HOOKER TRUSTEE 1.00 0.00 X 0 0 0 PAUL W HYLBERT TRUSTEE 1.00 0.00 X 0 0 0 AMY JUDGE-PREIN TRUSTEE 1.00 0.00 X 0 0 0 MARC B LAUTENBACH TRUSTEE 1.00 0.00 X 0 0 0 RICHARD G LUGAR TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS W MABIE TRUSTEE 1.00 0.00 X 0 0 0 CARLOS G MACIEL TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY MASTEN TRUSTEE 1.00 0.00 X 0 0 0 STEVEN P MATTEUCCI TRUSTEE 1.00 0.00 X 0 0 0 CALANDRA CECE MCGEE TRUSTEE 1.00 0.00 X 0 0 0 AMY TODD MIDDLETON TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM C MULLIGAN TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN POLK TRUSTEE 1.00 0.00 X 0 0 0 LEWIS A LEE SACHS TRUSTEE 1.00 0.00 X 0 0 0 GARY V SIMPSON TRUSTEE 1.00 0.00 X 0 0 0 THOMAS E SZYKOWNY TRUSTEE 1.00 0.00 X 0 0 0 G JACKSON TANKERSLEY JR TRUSTEE 1.00 0.00 X 0 0 0 JAMIE K THORSEN TRUSTEE 1.00 0.00 X 0 0 0 R SCOTT TRUMBULL VICE-CHAIR/TREASURER 1.00 0.00 X 0 0 0 SUSAN D WHITING TRUSTEE 1.00 0.00 X 0 0 0 ADAM S WEINBERG PRESIDENT 40.00 0.00 X 411542 0 57605 DAVID A ENGLISH VP FINANCE & MGMT 40.00 0.00 X 120779 0 21484 JULIA BEYER HOUPT SECRETARY.VP-INST.ADV. 40.00 0.00 X 330031 0 51749 KIMBERLY A COPLIN PROVOST 40.00 0.00 X 186615 0 44962 ADELE N GORRILLA CHIEF INVESTMENT OFFICER 40.00 0.00 X 617674 0 59276 LAUREL KENNEDY VP STUDENT DEVELOPMENT 40.00 0.00 X 175644 0 35853 JOAN E KRONE PROFESSOR 40.00 0.00 X 169512 0 42999 DAVID O WOODYARD PROFESSOR 40.00 0.00 X 167346 0 43302 DENA L SPERANZA CHIEF INFORMATION OFFICER 40.00 0.00 X 162448 0 4606 GREGORY R BADER ASSOC VP- INSTITUTIONAL ADV 40.00 0.00 X 160539 0 24639 DANIEL BONAR PROFESSOR 40.00 0.00 X 159877 0 43625 PERRY H ROBINSON DIRECTOR OF ADMISSIONS 0.00 0.00 X 216646 0 17423 SETH H PATTON VP FINANCE & MGMT 0.00 0.00 X 175563 0 19836 3054216 0 467359 60 1 1 0 BON APPETIT MANAGEMENT CO C/O DENISON UNIV PO BOX 810 GRANVILLE OH 43023 FOOD SVC. MANAGEMENT 6755210 LINCOLN CONSTRUCTION INC 4790 SHUSTER ROAD COLUMBUS OH 43214 CONSTRUCTION MGMT. 3225479 WESTLAKE REED LESKOSKY LTD 1422 EUCLID AVE SUITE 300 CLEVELAND OH 44115 ARCHITECTURAL SVCS. 1606946 LAW GENERAL CONTRACTING 9128 MT VERNON RD ST LOUISVILLE OH 43071 CONSTRUCTION MGMT. 571563 COLLEGIS LLC 1415 W 22ND STREET SUITE 400 OAK BROOK IL 60523 TECHNOLOGY SVCS. 507645 23 101005 727122 22272197 2925629 23100324 TUITION AND FEES 900099 101387464 101387464 AUXILIARY SERVICES 900099 28994954 28994954 BOOKSTORE 541800 519489 18005 501484 INTEREST - STUDENT LOANS 900099 51278 51278 RECREATION CENTER MEMBERSHIPS 713940 35885 35885 1611997 1611997 132601067 4956170 4956170 155600 0 155600 155600 155600 124673188 80056041 44617147 44617147 44617147 LOSS FROM PARTNERSHIPS 525990 -618082 -618082 -618082 204812226 132045693 -564192 50230401 59219860 59219860 617454 617454 2296284 214597 1887142 194545 46948647 41472336 3672005 1804306 3832804 3367674 308968 156162 12173317 10478158 1232703 462456 3729505 3003737 595307 130461 6045483 6036441 9042 525582 171566 354016 139800 65126 74674 2203064 3296 2199768 2751162 2217774 257731 275657 537356 420016 102533 14807 3155311 2676031 219709 259571 1997650 1811692 158214 27744 5473447 5359995 113452 2934266 2468192 199660 266414 7618092 6594044 742540 281508 10512756 10198678 228614 85464 487338 230107 257231 STUDENT PROGRAMS 2058688 2022481 36207 HISTORIC GRANVILLE INN 1257829 1257829 EQUIP.RENTAL,REPAIR&MAI 1087873 754206 302155 31512 LIBRARY RESOURCES 1015570 1010628 4942 4092202 2475566 1301910 314726 182711340 158111043 20285922 4314375 9705 9155 63095939 88005984 28259106 26945156 765886 659324 467355 537336 646653 968618 415871619 159896299 255635559 255975320 92573692 101527335 711607222 640445519 4462189 5043318 14539581 14484483 1172062887 1134601548 18729779 19651063 137370801 175282156 100000 100000 33183762 31696835 189384342 226730054 X 414863037 388828982 368965812 309336830 198849696 209705682 982678545 907871494 1172062887 1134601548 X 22100886 -102274351 5366414 X 0 1 X 1 1 1 X 16401465 19238592 13593502 33829027 23100324 106162910 16401465 19238592 13593502 33829027 23100324 106162910 2054829 104108081 3578925 4739985 4674681 4526664 4493688 22013943 128176853 604378147 0.81220 0.80280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 814564881 7278192 -57060569 10162221 28790717 725829566 801306901 6672152 43743751 9553747 27604176 814564881 693709382 8339324 132232954 9212151 23762608 801306901 646081840 6554929 72974167 8539086 23362468 693709382 673401501 -948304 4934148 8304957 23000548 646081840 0.36150 0.24960 0.38890 1 0 2461349 2461349 304897147 92002116 212895031 56921876 43053376 13868500 100000 51491247 24840807 26750440 255975320 HEDGE FUNDS 273475330 F PUBLIC EQUITY FUNDS 104182952 F PRIVATE EQUITY FUNDS 175280279 F REAL ESTATE FUNDS 72785125 F FIXED INCOME FUNDS 14721833 F 640445519 LIAB.TO BENEF.-SPLIT INT.AGREEMENTS 3663187 DISC.FOR FUTURE INT.-LIFE INC.AGREE 1184665 LIAB.FOR POST-RETIRE.HEALTH BEN 24144187 REFUNDABLE ADVANCES-PERKINS LOANS 2053925 REFUNDABLE ADVANCES-SCHELL FDN LOAN 346050 REVOCABLE CHAR.REMAINDER TRUSTS 304821 31696835 X 44737836 -102274351 -56073763 -158348114 203085950 2869351 -1143075 1726276 204812226 121811027 1143075 1143075 120667952 2869351 59174037 62043388 182711340 PART III, LINE 1A: ART COLLECTION FINANCIAL STATEMENT FOOTNOTE: ART COLLECTION - THE UNIVERSITY'S MUSEUM AND LIBRARY HOUSE NUMEROUS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. PART III, LINE 4: DESCRIPTION OF ORGANIZATION'S ART COLLECTION - DENISON UNIVERSITY'S COLLECTION CURRENTLY NUMBERS NEARLY 8,000 ITEMS. THESE OBJECTS COME FROM MULTIPLE AREAS OF THE WORLD, BUT PRIMARILY DERIVE FROM ASIA, EUROPE, AND NORTH AND CENTRAL AMERICA. A WIDE VARIETY OF MEDIA, INCLUDING STONE, WOOD, PAPER, LACQUER, METAL, IVORY, AND OILS, IS REPRESENTED IN THE COLLECTION. THE COLLECTIONS ARE NOT USED FOR ANY FINANCIAL BENEFIT TO THE INSTITUTION. WE DO NOT COLLECT ENTRANCE FEES FOR THE EXHIBITIONS, ARE OPEN TO THE PUBLIC YEAR-ROUND AND HAVE COLLECTION OBJECTS ON DISPLAY THROUGHOUT THE YEAR, AND DO NOT HAVE ANY OTHER PROFIT-CENTERS (MUSEUM SHOP, CAFE, BOOKSTORE, ETC.) THAT CAPITALIZE ON OUR COLLECTIONS. THESE COLLECTIONS FURTHER OUR EXEMPT PURPOSE BY PROVIDING OPPORTUNITIES FOR SCHOLARLY LEARNING AND RESEARCH WITHIN THE DENISON UNIVERSITY COMMUNITY. THE COLLECTIONS ARE NOT CAPITALIZED. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - EARNINGS FROM ENDOWMENT FUNDS ARE USED FOR PURPOSES SPECIFIED BY DONORS, INCLUDING THE FOLLOWING: SCHOLARSHIPS AND PRIZES, FACULTY SALARIES AND ACADEMIC PROGRAMS, LIBRARY BOOKS, FACILITY MAINTENANCE, GENERAL OPERATIONS OF THE UNIVERSITY, AND MISCELLANEOUS OTHER PURPOSES. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - FEDERAL INCOME TAX - THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY AND SUBSIDIARIES RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY AND SUBSIDIARIES, THE CONTINUED TAX-EXEMPT STATUS OF BONDS ISSUED BY THE UNIVERSITY AND SUBSIDIARIES, AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED TAXABLE INCOME. THE UNIVERSITY AND SUBSIDIARIES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2016, THE UNIVERSITY'S INCOME TAX YEARS FROM 2012 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, WHICH WAS NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990 -59,174,037. POST-RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POST-RETIREMENT COST 2,973,263. ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS 127,011. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES FROM BOOKSTORE WHICH WERE NETTED WITH REVENUE ON PART VIII OF FORM 990 -1,143,075. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES FROM BOOKSTORE WHICH WERE NETTED WITH REVENUE ON PART VIII OF FORM 990 1,143,075. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, WHICH WAS NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990 59,174,037. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DENISON UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITH REGARD TO ITS STUDENTS. SCHEDULE E, PART I, LINE 6 AID FROM A GOVERNMENTAL AGENCY - THE UNIVERSITY RECEIVES FEDERAL FUNDING FOR ITS VARIOUS STUDENT FINANCIAL AID PROGRAMS INCLUDING THE PELL GRANT PROGRAM, THE SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, THE FEDERAL WORK STUDY PROGRAM, AND THE PERKINS LOAN PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED FUNDING THROUGH VARIOUS FEDERAL AGENCIES IN FURTHERANCE OF SPECIFIC RESEARCH PROJECTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 19203 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 116134 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 437617 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 8500 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 17000 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 9500 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 9500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 293535373 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 35634939 NORTH AMERICA 0 0 INVESTMENTS 1430109 0 0 0 0 0 0 294152827 37065048 331217875 EDUCATIONAL SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 2 19203 CHECK EDUCATIONAL SCHOLARSHIPS EAST ASIA AND THE PACIFIC 15 116134 CHECK EDUCATIONAL SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 57 437617 CHECK EDUCATIONAL SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 8500 CHECK EDUCATIONAL SCHOLARSHIPS SOUTH AMERICA 2 17000 CHECK EDUCATIONAL SCHOLARSHIPS SOUTH ASIA 1 9500 CHECK EDUCATIONAL SCHOLARSHIPS SUB-SAHARAN AFRICA 1 9500 CHECK 1 0 1 1 1 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS - ALL GRANTS REPRESENT SCHOLARSHIPS AWARDED TO INDIVIDUALS STUDYING OUTSIDE OF THE U.S. SCHOLARSHIP FUNDS ARE SENT DIRECTLY TO THE INSTITUTIONS AT WHICH THE INDIVIDUALS ARE STUDYING. AT THE COMPLETION OF THE COURSE OF STUDY, THE INSTITUTION AWARDS ACADEMIC CREDIT TO THE STUDENTS, WHICH ARE THEN TRANSFERRED TO DENISON. IN THIS WAY, WE KNOW THE FUNDS WERE INDEED USED FOR SCHOLARSHIP PURPOSES. 1 EDUCATIONAL EXPENSES EDUCATIONAL SCHOLARSHIPS 2234 59219860 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS - ALL SCHOLARSHIPS AND GRANTS ARE BASED ON FINANCIAL NEED OR ACADEMIC MERIT. INDIVIDUALS RECEIVING DISTRIBUTIONS FROM THE UNIVERSITY ARE CHOSEN BASED UPON OBJECTIVE AND NON-DISCRIMINATORY CRITERIA WHICH ARE CONSISTENT WITH THE OVERALL TAX-EXEMPT PURPOSE OF THE UNIVERSITY. SCHOLARSHIPS ARE EITHER APPLIED TO STUDENTS' INDIVIDUAL ACCOUNTS AT DENISON, OR SENT DIRECTLY TO THE OFF-CAMPUS PROGRAM WITHIN THE UNITED STATES AT WHICH THE STUDENT IS STUDYING. MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2: STUDENT IS STUDYING. X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 ADAM S WEINBERG PRESIDENT 392914 0 0 0 18628 0 33825 0 23780 0 469147 0 0 0 JULIA BEYER HOUPT SECRETARY.VP-INST.ADV. 192642 0 100000 0 37389 0 29325 0 22424 0 381780 0 0 0 KIMBERLY A COPLIN PROVOST 170367 0 0 0 16248 0 22538 0 22424 0 231577 0 0 0 ADELE N GORRILLA CHIEF INVESTMENT OFFICER 275972 0 305237 0 36465 0 33825 0 25451 0 676950 0 0 0 LAUREL KENNEDY VP STUDENT DEVELOPMENT 153229 0 0 0 22415 0 20677 0 15176 0 211497 0 0 0 JOAN E KRONE PROFESSOR 143506 0 0 0 26006 0 20334 0 22665 0 212511 0 0 0 DAVID O WOODYARD PROFESSOR 120994 0 0 0 46352 0 24674 0 18628 0 210648 0 0 0 DENA L SPERANZA CHIEF INFORMATION OFFICER 141956 0 0 0 20492 0 0 0 4606 0 167054 0 0 0 GREGORY R BADER ASSOC VP- INSTITUTIONAL ADV 156512 0 0 0 4027 0 18708 0 5931 0 185178 0 0 0 DANIEL BONAR PROFESSOR 117130 0 0 0 42747 0 24605 0 19020 0 203502 0 0 0 PERRY H ROBINSON DIRECTOR OF ADMISSIONS 110011 0 100000 0 6635 0 9865 0 7558 0 234069 0 0 0 SETH H PATTON VP FINANCE & MGMT 152819 0 0 0 22744 0 12975 0 6861 0 195399 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN OFFICERS - DENISON UNIVERSITY PROVIDES THE FOLLOWING BENEFITS TO CERTAIN EMPLOYEES: HOUSING: THE PRESIDENT AND VICE PRESIDENT OF STUDENT AFFAIRS LIVE IN UNIVERSITY-OWNED HOUSING. THIS HOUSING IS REQUIRED AS A CONDITION OF EMPLOYMENT FOR THESE EMPLOYEES AND THEREFORE IS NOT CONSIDERED TAXABLE COMPENSATION. CLUB DUES: THE UNIVERSITY PAYS MEMBERSHIP DUES FOR ITS PRESIDENT. THE PERSONAL USE PORTION OF THE DUES IS TREATED BY THE UNIVERSITY AS TAXABLE COMPENSATION TO THE PRESIDENT. PERSONAL SERVICES: THE UNIVERSITY PROVIDES CUSTODIAL SERVICES FOR THE UNIVERSITY-OWNED RESIDENCES OF THE PRESIDENT AND VICE PRESIDENT OF STUDENT AFFAIRS. THESE SERVICES ARE NOT TREATED AS TAXABLE COMPENSATION TO THESE INDIVIDUALS. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN - THE UNIVERSITY OFFERS A SECTION 457(B) PLAN TO CERTAIN HIGHLY PAID EMPLOYEES. THIS PLAN ALLOWS A PARTICIPANT TO DEFER A PORTION OF THEIR COMPENSATION INTO THE PLAN. PART I, LINE 7 NON-FIXED PAYMENT ARRANGEMENT - CHIEF INVESTMENT OFFICER ADELE GORRILLA RECEIVED $309,637 FROM THE UNIVERSITY'S INVESTMENT PERFORMANCE COMPENSATION PLAN. THIS PLAN PROVIDES AN ANNUAL BONUS BASED ON THE ENDOWMENT'S INVESTMENT RETURN. EARNING THE INCENTIVE-BASED COMPENSATION IS BASED ON OUT PERFORMANCE RELATIVE TO THE ENDOWMENT POLICY'S BENCHMARK. VP FOR INSTITUTIONAL ADVANCEMENT JULIA HOUPT AND FORMER DIRECTOR OF ADMISSIONS PERRY ROBINSON RECEIVED A $100,000 INCENTIVE BONUS UNDER THE TERMS OF RETENTION AGREEMENTS. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BUA6 2007-02-20 86495611 EDUC.FACILITIES&REFUND 2001 BONDS 0 0 0 B OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756A4Y5 2012-05-22 35507811 EDUC.FACILITIES&REFUND 2001&2004 BONDS 0 0 0 C OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AAS5 2013-04-04 18145000 REFUND 2004 BONDS 0 0 0 D OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756DGU4 2015-07-22 67892146 EDUC.FACILITIES&REFUND 2007&2010 BONDS 0 0 0 A 19290000 89998767 45956719 435357 40103536 3503155 2010 0 1 1 1 B 5775000 35536932 10218964 286734 25031220 14 2015 0 1 1 1 C 2075000 18145006 17945490 198250 1226 2015 0 1 1 1 D 835000 67496854 42018987 474202 6271806 18731859 0 1 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 1 0 0 1 TRANSAMERICA LIFE 3.333000000000 1 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 X 86125 FMV X 120 2839504 FMV 1 0 1 1 PART I, LINE 32B: USE OF THIRD PARTIES - DENISON UNIVERSITY USES A THIRD-PARTY BROKER TO PROCESS AND SELL ALL GIFTS OF PUBLICLY TRADED SECURITIES. THE FEES CHARGED BY THE BROKER FOR THESE SERVICES ARE AT FAIR MARKET VALUE. PART I, LINE 33: REVENUE NOT REPORTED FOR CERTAIN CONTRIBUTIONS - IN ACCORDANCE WITH SFAS 116, DENISON UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS AND WORKS OF ART. ACCORDINGLY, A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G. FORM 990, PART III, LINE 1 - MISSION STATEMENT: OUR PURPOSE IS TO INSPIRE AND EDUCATE OUR STUDENTS TO BECOME AUTONOMOUS THINKERS, DISCERNING MORAL AGENTS AND ACTIVE CITIZENS OF A DEMOCRATIC SOCIETY. THROUGH AN EMPHASIS ON ACTIVE LEARNING, WE ENGAGE STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND DEMONSTRATES THE TRANSFORMATIVE POWER OF EDUCATION. WE ENVISION OUR STUDENTS' LIVES AS BASED UPON RATIONAL CHOICE, A FIRM BELIEF IN HUMAN DIGNITY AND COMPASSION UNLIMITED BY CULTURAL, RACIAL, SEXUAL, RELIGIOUS OR ECONOMIC BARRIERS, AND DIRECTED TOWARD AN ENGAGEMENT WITH THE CENTRAL ISSUES OF OUR TIME. OUR CURRICULUM BALANCES BREADTH WITH DEPTH, BUILDING ACADEMIC SPECIALIZATION UPON A LIBERAL ARTS FOUNDATION IN THE ARTS, THE SCIENCES, THE SOCIAL SCIENCES AND THE HUMANITIES. RESPONSIVE TO NEW WAYS OF LEARNING, WE CONTINUE TO DEVELOP INTERDISCIPLINARY INTEGRATION OF THE MANY FORMS OF KNOWLEDGE. WHILE OUR STUDENTS PURSUE SPECIALIZED LEARNING IN THEIR CHOSEN MAJORS, THEY ALSO DEVELOP THE FRAMEWORK FOR AN INTEGRATED INTELLECTUAL LIFE, SPIRITUALLY AND MORALLY INFORMED. OUR FACULTY IS COMMITTED TO UNDERGRADUATE EDUCATION. AS TEACHER-SCHOLAR-ADVISORS, THEIR PRINCIPAL RESPONSIBILITY IS EFFECTIVE TEACHING INFORMED BY THE BEST SCHOLARSHIP. FACULTY MEMBERS PLACE A PRIORITY ON CLOSE INTERACTION WITH STUDENTS, INTERACTIVE LEARNING, AND PARTNERSHIPS WITH STUDENTS IN ORIGINAL RESEARCH. OUR LOW STUDENT/FACULTY RATIO ALLOWS FOR CLOSE SUPERVISION OR INDEPENDENT RESEARCH AND COLLABORATIVE WORK IN SMALL GROUPS AND CLASSES. WE SEEK TO ENSURE AN EVER-BROADER RANGE OF RACIAL, ETHNIC, INTERNATIONAL AND SOCIOECONOMIC BACKGROUNDS IN A STUDENT BODY OF ABOUT 2,100 STUDENTS. WE OFFER DIFFERENT KINDS OF FINANCIAL AID TO MEET THE DIFFERENT NEEDS OF OUR STUDENTS. THE FOCUS OF STUDENT LIFE AT DENISON IS A CONCERN FOR THE WHOLE PERSON. THE UNIVERSITY PROVIDES A LIVING-LEARNING ENVIRONMENT SENSITIVE TO INDIVIDUAL NEEDS YET GROUNDED IN A CONCERN FOR COMMUNITY, IN WHICH THE PRINCIPLES OF HUMAN DIGNITY AND ETHICAL INTEGRITY ARE PARAMOUNT. STUDENTS ENGAGE IN A WIDE RANGE OF CO-CURRICULAR ACTIVITIES THAT ADDRESS THE MULTIDIMENSIONAL CHARACTER OF THEIR INTELLECTUAL AND PERSONAL JOURNEY. DENISON IS A COMMUNITY IN WHICH INDIVIDUALS RESPECT ONE ANOTHER AND THEIR ENVIRONMENT. EACH MEMBER OF THE COMMUNITY POSSESSES A FULL RANGE OF RIGHTS AND RESPONSIBILITIES. FOREMOST AMONG THESE IS A COMMITMENT TO TREAT EACH OTHER AND THE ENVIRONMENT WITH MUTUAL RESPECT, TOLERANCE, AND CIVILITY. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF COMMITTEES - SEVEN OF THE STANDING COMMITTEES OF THE BOARD OF TRUSTEES DOCUMENT THEIR MEETINGS WITH MINUTES: BUILDINGS & GROUNDS, ENROLLMENT, FINANCE & AUDIT, INVESTMENT, STUDENT AFFAIRS, TRUSTEE AFFAIRS, AND UNIVERSITY RELATIONS AND DEVELOPMENT. THERE ARE NO MINUTES FOR THE COMMITTEE ON ACADEMIC AFFAIRS. HOWEVER, PERSONNEL ACTIONS TAKEN BY THE COMMITTEE ARE FORWARDED TO THE FULL BOARD WHERE THEY ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE NO MINUTES FOR THE COMMITTEE ON ALUMNI AFFAIRS. THIS COMMITTEE MEETS ONCE PER YEAR FOR THE SOLE PURPOSE OF SELECTING NOMINEES FOR ALUMNI CITATIONS. THE LIST OF NOMINEES IS FORWARDED TO THE FULL BOARD WHERE THE NAMES ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE NO MINUTES FOR THE COMMITTEE ON HONORARY DEGREES. NAMES OF NOMINEES ARE FORWARDED TO THE FULL BOARD WHERE THEY ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE CURRENTLY NO MEETINGS OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW - FORM 990 WAS PRESENTED TO THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AT THEIR MAY, 2017 MEETING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - RESPONSES TO THE CONFLICT OF INTEREST QUESTIONNAIRE ARE REVIEWED ANNUALLY BY THE COMMITTEE ON TRUSTEE AFFAIRS. RESULTS OF THE REVIEW ARE REPORTED TO THE FULL BOARD. PROCEDURALLY, THE HUMAN RESOURCE OFFICE AND/OR THE PRESIDENT'S OFFICE ANNUALLY DISTRIBUTES THE CONFLICT OF INTEREST QUESTIONNAIRES FOR COMPLETION BY TRUSTEES, OFFICERS, ADMINISTRATIVE STAFF AND TEACHING FACULTY ACTING IN ADMINISTRATIVE CAPACITIES. THE COMPLETED FORMS ARE REVIEWED WHEN RETURNED. TO THE EXTENT THAT THOSE COMPLETED BY BOARD MEMBERS OR SENIOR ADMINISTRATORS REVEAL A POSSIBLE CONFLICT OF INTEREST, THEY ARE FORWARDED TO THE COMMITTEE FOR FURTHER CONSIDERATION. ADDITIONALLY, IF THERE IS REASONABLE CAUSE TO BELIEVE THAT ANYONE HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THE COMMITTEE SHALL BE INFORMED AND PURSUE THESE CONCERNS. THE PRESIDENT OR HER/HIS DESIGNEE REVIEWS THE COMPLETED QUESTIONNAIRES BY ALL OTHER MEMBERS OF THE ADMINISTRATION AND MEMBERS OF THE TEACHING FACULTY ACTING IN AN ADMINISTRATIVE CAPACITY AND PROPERLY CARRY OUT THE PROVISIONS OF THE POLICY ON ALL MATTERS OF A CONFLICT OF INTEREST. THE PRESIDENT OR HER/HIS DESIGNEE WILL PROVIDE A WRITTEN REPORT TO THE CHAIR OF THE BOARD ON ALL MATTERS OF CONFLICT OF INTEREST WHICH HE OR SHE HAS ADDRESSED ADMINISTRATIVELY. DENISON'S POLICY DETAILS SPECIFIC PROCEDURES FOR HANDLING POTENTIAL CONFLICTS OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE DISCLOSED IN THE FORM 990. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL - AT ITS APRIL MEETING EACH YEAR, THE BOARD OF TRUSTEES DELEGATES TO ITS CHAIR AND TWO VICE CHAIRS THE AUTHORITY TO REVIEW AND APPROVE COMPENSATION LEVELS FOR THE SENIOR ADMINISTRATIVE STAFF OF THE COLLEGE. THE CHAIRS AND VICE CHAIRS DELIBERATE AND APPROVE THESE SALARIES, TYPICALLY IN JUNE, AFTER CONFERRING ON JOB PERFORMANCE AND REVIEWING INDEPENDENTLY COMPILED COMPARABLE INFORMATION. AT ITS OCTOBER MEETING EACH YEAR, THE BOARD RATIFIES THE ACTIONS OF THE CHAIR AND VICE CHAIRS OF THE BOARD WITH REGARD TO THE SALARIES AND THE FOLLOWING IS RECORDED IN THE MINUTES OF THE BOARD SO AS TO PROVIDE ADEQUATE DOCUMENTATION OF THE BASIS FOR DETERMINATION OF SALARIES: - NONE OF THE INDIVIDUALS HOLDING SENIOR POSITIONS ARE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVING THE SALARIES. - THE CHAIR AND VICE CHAIRS OF THE BOARD CONFERRED ON MATTERS OF JOB PERFORMANCE AND RELIED UPON AN INDEPENDENT VALUATION OF THE COMPENSATION OR CONSIDERATION. THE APPROVED SALARY IN EACH CASE WAS REVIEWED AND COMPARED TO SALARY DATA FOR THE COMPARABLE POSITIONS FOR PEER INSTITUTIONS. THE SALARIES AWARDED DO NOT PROVIDE BENEFITS IN EXCESS OF THE VALUE OF THE SERVICES BEING RENDERED TO DENISON UNIVERSITY. THE SALARY INFORMATION USED BY THE CHAIR AND VICE CHAIRS IN ESTABLISHING THE SALARIES OF SENIOR ADMINISTRATORS IS ALSO SHARED IN EXECUTIVE SESSION WITH THE ENTIRE BOARD OF TRUSTEES EACH OCTOBER. INTERNAL INFORMATION IS ALSO PROVIDED TO THE BOARD RELATED TO COST PER STUDENT AND SENIOR SALARIES AS A PERCENTAGE OF TOTAL PAYROLL AND TOTAL INSTITUTIONAL REVENUE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - DENISON'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH OUR FINANCE OFFICE WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FROM THE VICE PRESIDENT FOR FINANCE AND MANAGEMENT. FORM 990, PART VI, LINE 14 - DOCUMENT RETENTION AND DESTRUCTION POLICY: THE COLLEGE HAS ADOPTED AND FOLLOWS A DOCUMENT RETENTION AND DESTRUCTION POLICY. HOWEVER, THE POLICY HAS NOT YET BEEN APPROVED BY THE BOARD OF TRUSTEES. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 14 OF PART VI EVEN THOUGH THE COLLEGE HAS IMPLEMENTED AND FOLLOWS SUCH A POLICY. FORM 990, PART XI, LINE 9: POST-RETIREMENT RELATED CHARGES OTHER THAN NET PERIODIC POST-RETIREMENT COST 2,973,263. ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS 127,011. CAPITAL CONTRIBUTION TO SUBSIDIARIES FROM NONCONTROLLING INTEREST 2,266,140. DENISON GOLF LLC PO BOX 810 GRANVILLE OH 43023 472203454 GOLF COURSE OH 0 0 DENISON UNIV DENISON UNIVERSITY RESEARCH FOUNDATION PO BOX 810 GRANVILLE OH 43023 316024390 RSCH.GRANTS OH 501(C)(3) LINE 11A, I N/A 0 HISTORIC GRANVILLE INN LLC 100 WEST COLLEGE ST GRANVILLE OH 43023 463962871 RENTAL OH GRANVILLE INN HOLDINGS INC EXCLUDED -136919 12637019 0 0 0.89000 GRANVILLE INN HOLDINGS INC 314 EBROADWAY GRANVILLE OH 43023 473547007 REAL EST.DEV. OH DENISON UNIV C -58239 12846789 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 DENISON UNIVERSITY RESEARCH FOUNDATION C 101005 FMV