2016-11-15T09:47:52-06:00 2016-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 20 STANWIX ST STE 800 PITTSBURGH PA 15222 990 2015-07-01 250965603 WAYNESBURG UNIVERSITY WAYN 7248523241 51 WEST COLLEGE STREET WAYNESBURG PA 15370 JOHN T OLON CHIEF FINANCIAL OFFICER 7248523241 2016-11-06 1 BRIAN R LENART EA P00289136 4126976400 2015 2017-02-10 21:41:12Z JOHN T OLON 51 WEST COLLEGE STREET WAYNESBURG PA 15370 75915964 0 X WWW.WAYNESBURG.EDU X 1850 PA PROVIDE HIGHER EDUCATION TO STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. 20 20 1237 7 41042 0 4134263 3411158 44268454 42977858 6401959 5627336 234880 269348 55039556 52285700 11491004 12123424 0 0 23681600 24882147 0 0 919358 18624057 18413110 53796661 55418681 1242895 -3132981 150130198 138915233 52417929 51339814 97712269 87575419 X WAYNESBURG UNIVERSITY EDUCATES STUDENTS TO MAKE CONNECTIONS BETWEEN FAITH, LEARNING AND SERVING SO THEY MIGHT FAITHFULLY TRANSFORM THEIR COMMUNITIES AND THE WORLD. AS A CHRISTIAN COMPREHENSIVE UNIVERSITY, WE STRIVE TO INSPIRE AND CHALLENGE EVERY UNDERGRADUATE AND GRADUATE STUDENT TO A LIFE OF LEADERSHIP AND PURPOSE FOR THE GLORY OF GOD. 0 0 49058317 12123424 42977858 INSTITUTIONAL COMMITMENTSWAYNESBURG UNIVERSITY EDUCATES STUDENTS BASED UPON: - A COMMITMENT TO THE PURSUIT OF TRUTH IN GOD'S WORLD THROUGH RIGOROUS SCHOLARSHIP, ACADEMIC EXCELLENCE AND CREATIVE EXPRESSIONS, FOUNDED IN THE LIBERAL ARTS AND SCIENCES. - A COMMITMENT TO THE AUTHORITY OF THE SCRIPTURES AS THE ESSENTIAL REFERENCE FOR FAITH AND LIFE. THE SCRIPTURES INFORM AND DEFINE OUR PERSPECTIVES IN SERVICE OF CHRIST AND HIS KINGDOM. - A COMMITMENT TO THE INTEGRATION OF CHRISTIAN FAITH WITHIN THE VARIOUS ACADEMIC DISCIPLINES AND PROFESSIONAL PROGRAMS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS. - A COMMITMENT TO EMPLOY FACULTY AND STAFF MEMBERS WHO EMBODY THE VALUES AND PERSPECTIVES OF THE CHRISTIAN FAITH IN THEIR TEACHING, PERSONAL LIVES AND RELATIONSHIPS WITH STUDENTS. - A COMMITMENT TO UNDERSTAND AND ENGAGE OTHERS LOCALLY AND AROUND THE WORLD, THROUGH THE USE OF OUR EDUCATION AND TALENTS IN SERVICE OF JUSTICE AND RIGHTEOUSNESS. - A COMMITMENT TO STUDENT-CENTERED EDUCATION WHERE THE INTERESTS, ASPIRATIONS AND NEEDS OF EACH STUDENT ARE VALUED AND ENCOURAGED. - A COMMITMENT TO WELCOME STUDENTS FROM VARIOUS CULTURES, BACKGROUNDS, EDUCATIONAL EXPERIENCES AND AGES TO ENHANCE DIVERSITY AND CONTRIBUTE TO THE LEARNING COMMUNITY. - A COMMITMENT TO DEVELOP STUDENTS WHO WILL EXHIBIT INTEGRITY, BOTH PERSONALLY AND PROFESSIONALLY, BASED UPON THE SCRIPTURAL CALLING OF JESUS CHRIST FOR ALL OF LIFE.INSTITUTIONAL GOALSWAYNESBURG UNIVERSITY SEEKS TO:FOR STUDENTS - PREPARE STUDENTS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS WITH THE KNOWLEDGE, SKILLS AND VALUES NECESSARY FOR THE VOCATIONS TO WHICH THEY ARE CALLED BY GOD. - CULTIVATE THE ABILITY OF STUDENTS TO THINK CRITICALLY AND TO APPLY THESE SKILLS IN LIFELONG SCHOLARSHIP AND ETHICAL DECISION MAKING. - DEVELOP STUDENTS WHO PRACTICE EFFECTIVE COMMUNICATION SKILLS IN BOTH THE SPOKEN AND WRITTEN WORD IN MANY DIFFERENT CONTEXTS. - EDUCATE STUDENTS TO APPLY PROCESSES OF SCIENTIFIC INQUIRY AND QUANTITATIVE REASONING SKILLS IN EXAMINING BOTH INFORMATION AND THEORETICAL MODELS. - PROVIDE STUDENTS WITH OPPORTUNITIES TO RECOGNIZE LIFESTYLES, TRADITIONS AND RITUALS OF DIVERSE CULTURES. - EQUIP STUDENTS TO EXAMINE AND EMPLOY INFORMATION RESOURCES AND TECHNOLOGIES WITH WISDOM AND FAITHFULNESS. - NURTURE STUDENTS' USE OF THEIR CREATIVE ABILITIES AND THEIR APPRECIATION OF AESTHETIC EXPRESSIONS OF OTHERS. - CHALLENGE STUDENTS TO EXCEL IN SCHOLARSHIP, RESEARCH AND INDEPENDENT ACADEMIC INQUIRY WITHIN THE BROAD CONTEXT OF THE LIBERAL ARTS TRADITION. - EDUCATE STUDENTS WITH DEPTH OF KNOWLEDGE IN ONE OF THE ACADEMIC AND APPLIED DISCIPLINES THROUGH INSTRUCTION AND RESEARCH AT EITHER THE UNDERGRADUATE OR GRADUATE LEVEL. - ENGAGE STUDENTS TO BE SERVANTS AND CITIZENS IN THEIR LOCAL COMMUNITIES AND TO TAKE RESPONSIBILITY FOR INVOLVEMENT IN THE WORLD IN WHICH THEY LIVE.WAYNESBURG UNIVERSITY SEEKS TO:FOR THE CAMPUS COMMUNITY - FOSTER A CHRISTIAN LEARNING COMMUNITY WHERE STUDENTS ARE CHALLENGED AND ENCOURAGED TO DEVELOP AS PEOPLE THROUGH A VARIETY OF CURRICULAR AND CO-CURRICULAR PROGRAMS. - NURTURE A CAMPUS ENVIRONMENT WHERE THE SPIRITUAL DEVELOPMENT OF STUDENTS, FACULTY AND STAFF IS AFFIRMED THROUGH PROGRAMS AND RESOURCES. - MAINTAIN AN ENVIRONMENT CHARACTERIZED BY FAIRNESS AND JUSTICE AS EXPRESSED THROUGH INSTITUTIONAL POLICIES AND PROCEDURES. - MAKE AVAILABLE CRITICAL AND EMERGING INFORMATIONAL, PHYSICAL AND TECHNOLOGY RESOURCES NECESSARY TO SUPPORT THE EDUCATION AND RESEARCH OF A LEARNING COMMUNITY. - PROVIDE EFFECTIVE ACADEMIC SUPPORT SERVICES THAT WILL ENCOURAGE AND FACILITATE INDIVIDUAL EDUCATIONAL ACHIEVEMENT FOR ALL STUDENTS. - ADDRESS THE CHANGING EDUCATIONAL AND CULTURAL NEEDS OF THE LOCAL REGION THROUGH EDUCATIONAL DEGREES, INSTRUCTIONAL PROGRAMS, UTILIZATION OF CAMPUS AND GRADUATE CENTER RESOURCES AND STRATEGIC PARTNERSHIPS. - EFFECTIVELY MANAGE FISCAL AND HUMAN RESOURCES TO PROVIDE AFFORDABLE OPPORTUNITIES FOR CHRISTIAN HIGHER EDUCATION. - EXHIBIT RESPONSIBLE CARE FOR THE CREATION THROUGH THE INSTITUTION'S POLICIES AND PRACTICES. 49058317 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2708 0 1 1237 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN T OLON CFO 7248523241 51 WEST COLLEGE STREET WAYNESBURG PA 15370 MARK A HARNER CHAIR 2.00 X X 0 0 0 CHERYL L ALLEN VICE CHAIR 2.00 X X 0 0 0 FRED DEPALMA VICE CHAIR 2.00 X X 0 0 0 JAMES A ROWAN SECRETARY 2.00 X X 0 0 0 ELIZABETH BUNDY TREASURER 2.00 X X 0 0 0 STUART BROBERG DIRECTOR 2.00 X 0 0 0 LAURA E ELLSWORTH DIRECTOR 2.00 X 0 0 0 MARK E FOX DIRECTOR 2.00 X 0 0 0 VANESSA DESALVO GETZ DIRECTOR 2.00 X 0 0 0 GARY L GUERRIERI DIRECTOR 2.00 X 0 0 0 H MATHILDA HORST DIRECTOR 2.00 X 0 0 0 JAMES LOWE JR DIRECTOR 2.00 X 0 0 0 MARY ANN MELOY DIRECTOR 2.00 X 0 0 0 TERRENCE H MURPHY DIRECTOR 2.00 X 0 0 0 GARY W NICKERSON DIRECTOR 2.00 X 0 0 0 PARTRICK G O'BRIEN DIRECTOR 2.00 X 0 0 0 MARILYN H WEST DIRECTOR 2.00 X 0 0 0 PARKER T WILLIAMSON DIRECTOR 2.00 X 0 0 0 DONALD P WILSON DIRECTOR 2.00 X 0 0 0 JOHN D WOODWARD JR DIRECTOR 2.00 X 0 0 0 TIMOTHY R THYREEN CHANCELLOR 40.00 X 209788 0 38162 ROY R BARNHART SR. VP FINANCE & ADMINISTR 40.00 X 125300 0 9641 DOUGLAS LEE PRESIDENT 40.00 X 291404 0 56396 JOHN OLON CHIEF FINANCIAL OFFICER 40.00 X 217616 0 30977 WILLIAM DUMIRE CHIEF INFORMATION OFFICER 40.00 X 111654 0 25588 JACQUELYN CORE PROVOST 40.00 X 224473 0 32997 MARY CUMMINGS VICE PRESIDENT FOR STUDENT 40.00 X 157743 0 31529 LAWRENCE STRATTON DIRECTOR OF STOVER CENTER 40.00 X 129383 0 15985 JAIME JACOBS DEAN OF INSTITUTIONAL EFFECTIVENESS 40.00 X 138981 0 16282 DAVID MARINER DEAN OF PROFESSIONAL DEVELOPMENT 40.00 X 112984 0 28509 NANCY MOSSER PROFESSOR OF NURSING 40.00 X 123215 0 15286 1842541 0 301352 11 0 1 0 VOLPATT CONSTRUCTION 100 CASTLEVIEW ROAD PITTSBURGH PA 15234 CONSTRUCTION 3317084 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD MANAGEMENT 2074423 KEY GOVERNMENT FINANCE PO BOX 74238 CLEVELAND OH 44194 EQUIPMENT FINANCING 500000 EMBASSY PARK ASSOCIATES 375 SOUTHPOINTE BLVD CANONSBURG PA 15317 RENTAL 385109 EBSCO INFORMATION SERVICES PO BOX 204661 DALLAS TX 75320 LIBRARY 240114 19 18396 1140607 2252155 30184 3411158 TUITION & FEES 611600 33619720 33619720 AUXILIARY ENTERPRISES 611600 9358138 9358138 42977858 1241731 765 1240966 63775 25973 37802 37802 18051 19751 27966689 3404 23584488 0 4382201 3404 4385605 4385605 13794 18396 19803 -6009 -6009 STUDENT FEES 713940 126000 126000 OTHER SOURCES 611600 89329 89329 SUMMER CONFERENCES 531190 22226 22226 237555 52285700 42977858 41042 5855642 46255 46255 12032034 12032034 45135 45135 1471427 273977 714648 482802 16154917 13640533 2492927 21457 1039272 785965 224791 28516 4929178 4361828 567350 1287353 1256189 31164 120769 120769 145018 145018 79912 79912 76231 76231 2470523 2458033 12490 654246 460246 194000 207822 181069 26753 562819 323522 239297 1970283 1970283 657483 483248 92583 81652 1621922 1621922 4402516 4402516 480116 480116 INSTITUTIONAL 1243594 1243594 0 0 EQUIPMENT AND SUPPLIES 812300 604053 82478 125769 STUDENT SERVICES 746497 640227 106270 0 DEPARTMENTAL 584531 500876 83655 0 1576528 1246696 302603 27229 55418681 49058317 5441006 919358 17284 19053 9655525 9415917 48454 63403 2422602 2505714 11875 11626 48894 54343 135773665 53381701 81813191 82391964 50196596 39036473 5915777 5416740 150130198 138915233 3469143 2458149 2982123 3078057 40574122 39252894 3500000 5000000 1892541 1550714 52417929 51339814 X 58765101 52837779 6691608 3179801 32255560 31557839 97712269 87575419 150130198 138915233 X -3132981 -7003104 -765 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 55602806 451337 -1450244 10369884 44234015 61395215 410655 1530582 7733646 55602806 53936312 443751 8966442 1951290 61395215 49103054 291791 6065513 1524046 53936312 50390181 547524 -15029 1086314 733308 49103054 0.26000 0.71000 0.03000 1 0 3682225 3682225 278038 113054103 36855178 76476963 18759299 16526523 2232776 82391964 STUDENT DEPOSITS 622647 UNEMPLOYMENT COMPENSATION RESERVE 55897 SCHOLARSHIP LIABILITY 6785 AGENCY FUNDS 515567 ESCHEAT LIABILITY 2310 ANNUITIES PAYABLE 421428 DIRECT LOANS -73920 1550714 X 33174207 -7003104 -12153400 -19156504 52330711 -45011 -45011 52285700 43311057 45776 45776 43265281 12153400 12153400 55418681 PART III, LINE 4: WAYNESBURG UNIVERSITY IS A PRIVATE, INDEPENDENT, COEDUCATIONAL UNIVERSITY AND SHOWCASES ARTIFACTS, POTTERY, AND RECORDS DATING FROM 1817 TO THE PRESENT IN THE UNIVERSITY MUSEUM AVAILABLE FOR STUDENT AND PUBLIC VIEWING. THE LIBRARY MAINTAINS A COLLECTION OF OLD BOOKS FOR RESEARCH. PART V, LINE 4: THE ENDOWMENT FUND REPRESENTS AN IMPORTANT POOL OF FINANCIAL RESOURCES NEEDED TO ACHIEVE AND SUSTAIN THE HIGHEST LEVELS OF ACADEMIC EXCELLENCE IN ACCORDANCE WITH THE WAYNESBURG UNIVERSITY MISSION STATEMENT. THIS DOCUMENT PROVIDES A SET OF GENERAL GUIDELINES THAT WILL PERMIT THE BOARD OF TRUSTEES OF WAYNESBURG UNIVERSITY, WITH THE ADVICE AND RECOMMENDATIONS OF THE FINANCE AND PROPERTY COMMITTEE, TO OVERSEE THE INVESTMENT OF THE ENDOWMENT FUND FOR THE BENEFIT OF THE UNIVERSITY. THIS FUND IS A PERMANENT FUND WITH DISCIPLINED INVESTMENT OBJECTIVES AND CONSISTENT MONEY MANAGEMENT STRATEGIES THAT CAN ACCOMMODATE ANY RELEVANTLY REASONABLE OR PROBABLE EVENTS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH THE AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID -12,077,169. INVESTMENT MANAGEMENT FEES -76,231. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -25,973. DIRECT FUNDRAISING EXPENSES -19,803. PASS-THROUGH INCOME NOT RECORDED ON BOOKS 765. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 25,973. DIRECT FUNDRAISING EXPENSES 19,803. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 12,077,169. INVESTMENT MANAGEMENT FEES 76,231. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GENERAL PUBLICATION AND THE UNIVERSITY CATALOG SCHEDULE E, PART I, LINE 6 WAYNESBURG UNIVERSITY RECEIVES PENNSYLVANIA ASSISTANCE GRANTS, ACT 101, SEOG SCHOLARSHIPS, PELL AND FINANCIAL AID FOR STUDENTS THROUGH THE WORK STUDY PROGRAM. 0 0 0 0 0 0 0 0 0 0 THE UNIVERSITY PROVIDED EDUCATION GRANTS FOR TUITION AND FEES FOR INTERNATIONAL STUDENTS KOREA 4 45135 STUDENT ACCOUNTS ARE CREDITED WITH SCHOLARSHIP N/A N/A 0 0 0 0 0 0 GOLF OUTING 32190 18396 13794 840 7980 5899 5084 32190 18396 13794 840 7980 5899 5084 19803 -6009 1 WAYNESBURG FRANKLIN TOWNSHIP VOLUNTEER FIRE COMPANY 55 WEST GREENE STREET WAYNESBURG PA 15370 510499260 501(C)(3) 10000 N/A N/A FIRE TRUCK AND EQUIPMENT BOROUGH OF WAYNESBURG HIGH STREET WAYNESBURG PA 15370 256000499 501(C)(3) 36255 N/A N/A POLICE CAR 2 0 EDUCATIONAL SCHOLARSHIPS AND GRANTS 1861 12032034 0 N/A N/A PART I, LINE 2: ALL GRANTS ARE MONITORED BY THE BUSINESS OFFICE AND FINANCIAL AID OFFICE TO ENSURE COMPLIANCE WITH EACH GRANT. THEY ARE ALSO MONITORED BY MEMBERS OF SENIOR STAFF. X X X X 1 1 X X 0 1 0 0 0 0 0 0 0 TIMOTHY R THYREEN CHANCELLOR 209788 0 0 0 0 0 20224 0 17938 0 247950 0 0 0 DOUGLAS LEE PRESIDENT 291404 0 0 0 0 0 38458 0 17938 0 347800 0 0 0 JOHN OLON CHIEF FINANCIAL OFFICER 217616 0 0 0 0 0 13183 0 17794 0 248593 0 0 0 JACQUELYN CORE PROVOST 224473 0 0 0 0 0 15059 0 17938 0 257470 0 0 0 MARY CUMMINGS VICE PRESIDENT FOR STUDENT 157743 0 0 0 0 0 10996 0 20533 0 189272 0 0 0 JAIME JACOBS DEAN OF INSTITUTIONAL EFFECTIVENESS 138981 0 0 0 0 0 9238 0 7044 0 155263 0 0 0 PART I, LINE 1A THE PRESIDENT'S WIFE INFREQUENTLY TRAVELS WITH THE PRESIDENT ON OFFICIAL UNIVERSITY BUSINESS. THE PRESIDENT IS PROVIDED A COUNTRY CLUB MEMBERSHIP THAT IS USED FOR BUSINESS PURPOSES. THE UNIVERSITY PROVIDES CLEANING SERVICES FOR THE UNIVERSITY OWNED PRESIDENT'S RESIDENCE. IT IS THE UNIVERSITY'S POSITION THAT THESE ARE ALL BUSINESS RELATED AND ARE, THEREFORE, NOT INCLUDED IN THE PRESIDENT'S COMPENSATION. PART I, LINE 4B DOUGLAS LEE, PRESIDENT, PARTICIPATED IN A 457(B) SUPPLEMENTAL RETIREMENT PLAN. A ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY 251650137 01729EKE6 2007-08-09 10487769 CONSTRUCTION OF NEW DORMITORY 1 0 1 B ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY 251650137 01729EJM0 2006-05-24 12775000 CONSTRUCTION OF FITNESS CENTER, DINING HALL ADDITION, PAY OFF BOND ISSUE 1 0 1 C WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2010-06-09 4200000 CONSTRUCTION OF LOWER LEVEL OF MULTI-PURPOSE FACILITY 0 0 0 D WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2011-05-02 7748000 REFINANCE 2002 BOND ISSUE 0 0 0 A 10498787 686558 273166 97858 9500000 2008 0 0 1 1 B 12789950 807240 120294 6000000 2008 1 0 1 1 C 4200000 78000 4122000 2011 0 0 1 1 D 7700000 7748000 48000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 1 1 0 0.07000 0.07000 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 D 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2013-06-12 9000000 RENOVATE STEWART SCIENCE HALL 0 0 0 B WASHINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251437320 2015-06-30 3500000 PAY OFF 1998 & 2004 ISSUED BONDS 0 0 0 C GREENE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251801179 2016-06-30 10000000 PAY OFF 2006 ISSUE 0 0 0 A 9000000 247700 71982 8928018 0 0 0 1 B 3500000 3500000 1 0 1 1 C 10230000 10000000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 A 1 B 1 C 1 X 5 30184 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS DURING THE FISCAL YEAR. PART I, LINE 32B: THE UNIVERSITY USES THE SERVICES OF EDWARD JONES TO SELL CONTRIBUTED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 AUDIT AND FINANCE COMMITTEE REVIEWED THE RETURN PRIOR TO SUBMITTING RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOTH BOARD MEMBERS AND SENIOR STAFF COMPLETE A CONFLICT OF INTEREST FORM EACH YEAR AND SUBMIT IT TO THE BOARD CHAIR. SENIOR STAFF ARE RESPONSIBLE FOR MONITORING FACULTY AND STAFF IN ANY AGREEMENTS THAT THE UNIVERSITY ENTERS INTO WITH THOSE INDIVIDUALS. CONFLICTS WILL BE HANDLED BY THE PRESIDENT AND THE BOARD OF TRUSTEES ALONG WITH UNIVERSITY COUNCIL. THEY WILL BE HANDLED AND RESOLVED ON A CASE-BY-CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO, COMPARATIVE PAY STATISTICS AS WELL AS THE CEO'S MULTI-YEAR CONTRACT IN DETERMINING COMPENSATION. THE CEO REVIEWS PERFORMANCE AND COMPARATIVE PAY STATISTICS FOR ALL VICE PRESIDENTIAL AND HIGHER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PASS-THROUGH INCOME NOT RECORDED ON BOOKS -765.