2016-01-25T15:16:15-06:00 2015-07-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2014-08-01 390806196 CARDINAL STRITCH UNIVERSITY INC CARD 4144104000 6801 NORTH YATES RD MILWAUKEE WI 532173985 TAMMY M HOWARD TREASURER 4144104000 2016-01-19 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2016-01-15 2014 2016-04-25 22:37:26Z JAMES P LOFTUS 6801 NORTH YATES RD MILWAUKEE WI 532173985 64588977 0 0928 X WWW.STRITCH.EDU X 1937 WI CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS FOUR COLLEGES: COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND MANAGEMENT, COLLEGE OF EDUCATION AND LEADERSHIP, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES. 25 23 1443 110 33898 -6941 2930401 2885265 57796456 53344539 2947227 1495235 641009 368284 64315093 58093323 11880049 12452310 0 0 28706023 27996972 46362 53084 796236 24199339 19504757 64831773 60007123 -516680 -1913800 64871758 61323621 19523748 18101794 45348010 43221827 X CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS FOUR COLLEGES: COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND MANAGEMENT, COLLEGE OF EDUCATION AND LEADERSHIP, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES. 0 0 42311471 12452310 53647293 HIGHER EDUCATION: CARDINAL STRITCH OFFERS A PROGRAM OF LIBERAL ARTS CLASSES, WITH A SPECIALIZATION IN NURSING, BUSINESS, ECONOMICS, READING, COMPUTER SCIENCE, TEACHER EDUCATION AND ART. TOTAL STUDENT ENROLLMENT WAS APPROXIMATELY 6,402 OF WHICH APPROXIMATELY 3,175 WERE UNDERGRADUATES AND 3,227 WERE GRADUATE STUDENTS. CONFERRED 177 ASSOCIATES DEGREES, 532 BACHELORS DEGREES, 505 MASTERS DEGREES AND 35 DOCTORAL DEGREES. 42311471 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 154 0 1 1443 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 MN X X TAMMY M HOWARD 4144104225 6801 NORTH YATES ROAD MILWAUKEE WI 532173985 FLORENCE DEACON OSF PHD MEMBER 2.00 X 0 0 0 DIANA DE BRUIN OSF MEMBER 2.00 X 0 0 0 MARGARET KRUSE OSF MEMBER 2.00 X 0 0 0 THOMAS A MYERS CHAIR OF BOARD OF TRUSTEES 2.00 X 0 0 0 WILLIAM R MICHAELS VICE CHAIR OF BOARD 2.00 X 0 0 0 DAVID R HAWKE PAST CHAIR OF BOARD OF TRU 2.00 X 0 0 0 SOUHEIL S BADRAN TRUSTEE 2.00 X 0 0 0 MARY T KELLNER EDD TRUSTEE 2.00 X 0 0 0 JOANNE G NICGORSKI OSF TRUSTEE 2.00 X 0 0 0 NANCY B KAZIK OSF TRUSTEE 2.00 X 0 0 0 GERARD ARANDALL TRUSTEE 2.00 X 0 0 0 MARIANNE BURISH TRUSTEE 2.00 X 0 0 0 JAMES P LOFTUS PHD TRUSTEE & PRESIDENT 40.00 X X 291008 0 29564 JOANNE M SCHATZLEIN OSF CORPORATE LIAISON TO THE BOARD 2.00 X 0 0 0 STEPHEN J ROLFS TRUSTEE 2.00 X 0 0 0 THELMA A SIAS TRUSTEE 2.00 X 0 0 0 THOMAS L SHRINER TRUSTEE 2.00 X 0 0 0 DAVID L SHROCK DBA TRUSTEE 2.00 X 0 0 0 ALEXANDER J COSTIGAN TRUSTEE 2.00 X 0 0 0 SCOTT D MCFADDEN TRUSTEE 2.00 X 0 0 0 EDWARD H DEFRANCE TRUSTEE 2.00 X 0 0 0 MARLENE A STAWSKIOSF TRUSTEE 2.00 X 0 0 0 JOSE A DELGADILLO TRUSTEE 2.00 X 0 0 0 RICHARD F MONROE EDD TRUSTEE 2.00 X 0 0 0 MICHAEL D WEISS TRUSTEE 2.00 X 0 0 0 PEGGY B ESKENASI TRUSTEE 2.00 X 0 0 0 ARTHUR J WIGCHERS TRUSTEE 2.00 X 0 0 0 CLARETTE STRYZEWSKI CSSF TRUSTEE 2.00 X 0 0 0 TAMMY M HOWARD TREASURER 40.00 X 140239 0 20356 THOMAS J RAINS VICE PRESIDENT 40.00 X 134431 0 23251 ALAN D MITCHLER SECRETARY 40.00 X 130370 0 27461 PETER J HOLBROOK DEAN - COLLEGE OF BUSINESS 40.00 X 162155 0 21905 ROBERT BUCKLA VP ADVANCEMENT 40.00 X 150391 0 11297 FREDA RUSSELL DEAN - COLLEGE OF EDUCATION & LEADERSHIP 40.00 X 133567 0 1117 NANCY S BLAIR PROFESSOR 40.00 X 176819 0 12356 DANIEL JOHN SCHOLZ DEAN COLLEGE OF ARTS & SCIENCES 40.00 X 115167 0 407 ANTHEA L BOJAR EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 X 226415 0 9190 1660562 0 156904 10 0 1 0 FOOD SERVICES INC 1801 W GLENDALE AVE MILWAUKEE WI 53209 FOOD SERVICE PROVIDER 1086752 XEROX EDUCATION SERVICES INC 950 W ELLIOTT SUITE 220 TEMPE AZ 85284 FINANCIAL AID PROCESSOR 732515 BVK 250 COVENTRY CT MILWAUKEE WI 53217 ADVERTISING & MARKETING 681451 TOTAL CLEANING SYSTEMS INC 11729 W BRADLEY RD MILWAUKEE WI 53224 CLEANING SERVICES 480343 WAICU 122 W WASHINGTON AVE STE 700 MADISON WI 53703 SOFTWARE 283812 12 96659 295985 2492621 40256 2885265 TUITION, FEES AND PRIVATE LESSONS 611600 50859020 50859020 AUXILIARY 900099 2263510 2263510 SALES AND SERVICES 722210 222009 224364 -2355 53344539 687041 687041 82358 0 82358 82358 36253 46105 7276237 6468043 808194 808194 808194 10062 96659 27536 -17474 -17474 3076 75 3001 3001 300399 300399 300399 58093323 53647293 33898 1526867 X 10782034 10782034 1670276 1670276 990661 9153 730087 251421 22385030 18354591 3694688 335751 99691 73470 24129 2092 2515789 1324321 1156724 34744 2005801 1645440 322286 38075 318159 173691 144468 33165 33165 53084 53084 132314 132314 7030166 1421813 5554558 53795 475826 51284 423878 664 2302991 1555739 729567 17685 1293642 470133 820321 3188 2950 2950 2969238 1727790 1241448 849944 725815 119303 4826 73077 69365 3632 80 174988 174988 1939050 1730582 208468 452911 94639 358272 BAD DEBT EXPENSE 797929 797929 PROFESSIONAL DEVELOP, M 385474 185662 199474 338 EQUIPMENT RENTAL MAINTE 123051 95064 27494 493 149882 147659 2223 60007123 42311471 16899416 796236 4679739 4253013 240044 801088 591130 630189 1722975 3517221 309934 246297 378358 436636 70020996 39518683 31735198 30502313 24196822 20024052 1017558 912812 64871758 61323621 3037345 2646006 1703632 3009020 11525000 11225000 3091367 1134725 166404 87043 19523748 18101794 X 30361812 27826682 11582379 11774271 3403819 3620874 45348010 43221827 64871758 61323621 -1913800 -212383 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 0 1 X 15077732 326769 1122074 2352719 14173856 15152133 351798 1751887 2178086 15077732 13939436 49552 4146440 2983295 15152133 21133936 136554 703943 8034997 13939436 22787957 118157 3512094 5284272 21133936 0.00000 0.35400 0.64600 0 0 199763 199763 69821233 39518683 30302550 30502313 ASSET RETIREMENT OBLIGATIONS 87043 87043 X 45328926 -212383 5000 -207383 45536309 132314 12424700 12557014 58093323 47455109 5000 27610 32610 47422499 132314 12452310 12584624 60007123 PART III, LINE 1A: THE UNIVERSITY HAS A COLLECTION OF AFRICAN ART WHICH CONSISTS OF ORIGINAL HANDCRAFTED ART AND ARTIFACTS SUCH AS TRIBAL MASKS, MUSICAL INSTRUMENTS, AND HEADDRESSES FROM THE SUB-SAHARAN AFRICAN REGION. THE COLLECTION IS USED FOR EDUCATIONAL PURPOSES, PHOTOGRAPHY, DRAWING AND OTHER ART CLASSES AND IS PERIODICALLY EXHIBITED IN THE UNIVERSITY'S ART GALLERY WHICH IS OPEN TO STUDENTS. ADDITIONALLY, THE GALLERY ENGAGES IN OUTREACH TO THE GENERAL PUBLIC AND TO CHILDREN FROM THE MILWAUKEE PUBLIC SCHOOL SYSTEM TO PROVIDE OPPORTUNITIES TO VIEW AND STUDY THE ITEMS IN THE COLLECTION. PART IV, LINE 2B: THE UNIVERSITY SERVES AS A CUSTODIAN OF CASH HELD FOR STUDENT ORGANIZATIONS, SECURITY DEPOSITS FOR RESIDENCE HALL ACCOMMODATIONS, ADVANCE PAYMENTS FOR STUDENT CHARGES, AND FUNDS FROM THE FEDERAL GOVERNMENT FOR THE PURPOSE OF OFFERING PERKINS LOANS TO STUDENTS. FUNDS FOR STUDENT ORGANIZATIONS ARE DISBURSED ON BEHALF OF THE STUDENT ORGANIZATIONS BASED ON REQUISITIONS APPROVED BY THE DEAN OF STUDENTS WHO OVERSEES THE STUDENT ORGANIZATIONAL ACTIVITY. SECURITY DEPOSITS ARE RETURNED TO STUDENTS OR LOST BY STUDENTS BASED ON THE INSPECTION OF RESIDENT HALL FACILITIES WHEN STUDENTS MOVE OUT. ADVANCE PAYMENTS FROM STUDENTS ARE RECOGNIZED AS REVENUE WHEN STUDENTS TAKE COURSES OR ARE REFUNDED TO STUDENTS IF THEY ELECT TO UNENROLL FROM THEIR COURSES WITHIN THE ALLOWABLE REGISTRATION PERIOD. THE FUNDS DUE TO THE FEDERAL GOVERNMENT WILL BE RETURNED ONLY IF THE PERKINS LOAN PROGRAM IS CANCELLED OR THE UNIVERSITY ELECTS TO STOP PARTICIPATING IN THE PROGRAM. THE UNIVERSITY IS REQUIRED TO HAVE STUDENTS THAT TAKE OUT EDUCATIONAL LOANS GO THROUGH AN ENTRANCE AND EXIT CREDIT COUNSELING PROCESS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 61 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAXES. THE TAX RETURNS OF THE UNIVERSITY ARE SUBJECT TO FEDERAL OR STATE EXAMINATIONS, GENERALLY FOR THREE YEARS AFTER BEING FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,452,310. FUNDRAISING EXPENSES -27,610. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 27,610. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,452,310. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NONDISCRIMINATORY POLICIES ARE BEING FOLLOWED. THERE ARE OUTREACH PROGRAMS IN PLACE TO INSURE THAT MINORITIES AND UNDERSERVED COMMUNITIES ARE SERVED. THE UNIVERSITY HAS HIGHER PERCENTAGES OF MINORITY STUDENTS ENROLLED AND COMPLETING THEIR DEGREES THAN THE AVERAGE FOR ITS PEER INSTITUTIONS IN THE REGION. THE NONDISCRIMINATION POLICY IS PRINTED IN THE UNIVERSITY'S CATALOG AND ON THE UNIVERSITY'S WEB SITE. SCHEDULE E, PART I, LINE 6 STUDENTS RECEIVING GRANTS AND LOANS THROUGH FEDERAL, STATE, AND INSTITUTIONAL SOURCES ARE AWARDED BASED UPON FEDERAL GUIDELINES FOR TITLE IV FUNDING. STUDENTS RECEIVING GRANTS AND LOANS FROM OTHER SOURCES ARE AWARDED BASED UPON THE GUIDELINES PROVIDED BY THE MAKER OF THOSE FUNDS, WHICH ARE NOT IN VIOLATION OF ANY FEDERAL OR STATE GUIDELINES. 1 EAST ASIA AND PACIFIC - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 144631 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 397975 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 633079 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 144600 SUB-SAHARAN AFRICA - ANGOLA, 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 135776 MIDDLE EAST AND NORTH AFRICA - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 179180 CENTRAL AMERICA & CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 35035 0 0 0 0 0 0 1670276 0 1670276 INSTITUTIONAL AID EAST ASIA AND PACIFIC - 11 144631 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - 31 397975 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID NORTH AMERICA - CANADA AND MEXICO, BUT 43 633079 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID SOUTH AMERICA - ARGENTINA, BOLIVIA, 10 144600 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID SUB-SAHARAN AFRICA - ANGOLA, 16 135776 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID MIDDLE EAST AND NORTH AFRICA - 12 179180 CREDIT APPLIED TO STUDENT ACCOUNT INSTITUTIONAL AID CENTRAL AMERICA & CARIBBEAN 4 35035 CREDIT APPLIED TO STUDENT ACCOUNT 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION PROVIDES INSTITUITIONAL AID TO UNIVERSITY STUDENTS MAINTAINING ENROLLMENT. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PHON-A-THON 0 30348 34223 -3875 THE LAWRENCE GROUP 35 MAIN STREET NEWCASTLE ME 04553 FUNDRAISING CONSULTING SERVICES 0 0 15036 -15036 DONORSEARCHNET 11245 DOVEDALE CT MARRIOTTSVILLE MD 21104 FUNDRAISING CONSULTING SERVICES 0 0 3900 -3900 30348 53159 -22811 WI MN WINDOWS ON STRITCH 106721 96659 10062 3725 11975 11836 106721 96659 10062 3725 11975 11836 27536 -17474 SCOTT HELLRUNG 6801 NORTH YATES RD MILWAUKEE WI 53217 TIM VAN ALSTINE 0 MANAGES OPERATIONS FOR ATHLETES WHICH ENGAGE IN RAFFLES FOR FUNDRAISING 1 INSTITUTIONAL AID & SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 1188 10782034 PART I, LINE 2: THE UNIVERSITY PROVIDES INSTITUITIONAL AID TO STUDENTS MAINTAINING ENROLLMENT. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 JAMES P LOFTUS PHD TRUSTEE & PRESIDENT 235157 0 0 0 55851 0 0 0 29564 0 320572 0 0 0 TAMMY M HOWARD TREASURER 140239 0 0 0 0 0 0 0 20356 0 160595 0 0 0 THOMAS J RAINS VICE PRESIDENT 133906 0 0 0 525 0 0 0 23251 0 157682 0 0 0 ALAN D MITCHLER SECRETARY 114870 0 0 0 15500 0 0 0 27461 0 157831 0 0 0 PETER J HOLBROOK DEAN - COLLEGE OF BUSINESS 161705 0 0 0 450 0 0 0 21905 0 184060 0 0 0 ROBERT BUCKLA VP ADVANCEMENT 144391 0 0 0 6000 0 0 0 11297 0 161688 0 0 0 NANCY S BLAIR PROFESSOR 176819 0 0 0 0 0 0 0 12356 0 189175 0 0 0 ANTHEA L BOJAR EXECUTIVE VICE PRESIDENT FOR ACADEMI 225742 0 0 0 673 0 0 0 9190 0 235605 0 0 0 PART I, LINE 1A JAMES P. LOFTUS RECEIVES A HOUSING ALLOWANCE FOR THE YEAR, PAYMENTS FOR HEALTH/SOCIAL DUES AND A CAR ALLOWANCE. ROBERT BUCKLA AND ALAN MITCHLER ALSO RECEIVE A CAR ALLOWANCE. ALL AMOUNTS HAVE BEEN INCLUDED IN COMPENSATION REPORTED TO THE IRS. PART I, LINE 4A ANTHEA L. BOJAR, AN OFFICER, RECEIVED AN EARLY RETIREMENT PAYMENT OF $122,412 MADE ON 7/31/2014. NANCY BLAIR, A HIGHLY COMPENSATED EMPLOYEE, RECEIVED AN EARLY RETIREMENT PAYMENT OF $72,771 ON 7/31/2014. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2009-11-10 15000000 BUILDING AND STRUCTURES AND REFUND PRIOR ISSUE DATED 09/16/04 0 1 0 A 3475000 15060940 8294531 140447 3720962 2011 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 PART II, LINE 3: TOTAL BOND PROCEEDS REPORTED IN PART II, LINE 3 DIFFERS FROM THE ORIGINAL ISSUE PRICE LISTED IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. FOLEY LARDNER TOM SHRINER, CURRENT TRUSTEE, IS A PARTNER OF FOLEY & LARDNER 259697 LEGAL SERVICES 0 REINHART BOERNER VAN DEUREN SC THOMAS MYERS, CURRENT TRUSTEE, IS A PARTNER OF REINHART BOERNER VAN DEUREN 14847 LEGAL SERVICES 0 X 147 FMV X 1477 FMV X 9 38534 FMV X GIFT CARD 1 50 FMV 1 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY ORGANIZING STRUCTURE CONSISTS OF MEMBERS AND A BOARD OF TRUSTEES. MEMBERS HAVE ADDITIONAL RIGHTS AND AUTHORITY ABOVE THOSE OF THE BOARD OF TRUSTEES AS DEFINED IN THE RESPONSE TO 990 PART VI LINES 7(A)-7(B). FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE ABILITY TO APPOINT AND REMOVE THE DIRECTORS AND THE PRESIDENT OF THE CORPORATION, INCLUDING THE RIGHT TO ACCEPT OR REJECT THE RECOMMENDATION BY THE BOARD OF DIRECTORS FOR APPOINTMENT OR REMOVAL OF DIRECTORS AND THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE RIGHT TO REVIEW AND APPROVE SIGNIFICANT CHANGES IN STATEMENTS OF CORPORATE MISSION, PHILOSOPHY, OR PURPOSE; REVIEW, ADOPT, AMEND AND APPROVE THE CORPORATION'S RESTATED ARTICLES OF INCORPORATION, RESTATE BYLAWS, AND ANY PROPOSAL OR PLAN FOR MERGER, CONSOLIDATION OR DISSOLUTION; REVIEW APPROVE OR DISAPPROVE ANY LONG-TERM LEASE (5 YEARS OR LONGER), SALE OF REAL PROPERTY OR SUBSTANTIALLY ALL OF THE PERSONAL PROPERTY OWNED BY THE CORPORATION AND IN THAT REGARD, DETERMINE WHETHER SUCH SALE CONSTITUTES ALIENATION OF ROMAN CATHOLIC CHURCH PROPERTY OR AN ACT OF EXTRAORDINARY ADMINISTRATION SUBJECT TO CANON LAW OF THE ROMAN CATHOLIC CHURCH, IN WHICH CASE THE MEMBERS SHALL BE RESPONSIBLE FOR SEEKING SUCH APPROVALS AS MAY BE NECESSARY IN CONNECTION THEREWITH; REVIEW APPROVE OR DISAPPROVE ANY UNBUDGETED EXPENDITURE IN EXCESS OF $100,000.00, ANY UNSECURED BORROWING IN EXCESS OF $100,000.00, AND ANY BORROWING WHICH IS TO BE SECURED BY A MORTGAGE OR OTHER INTEREST IN REAL PROPERTY OWNED BY THE CORPORATION, REGARDLESS OF THE AMOUNT; REVIEW, APPROVE OR DISAPPROVE MAJOR POLICY DECISIONS THAT WOULD AFFECT THE VERY PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED; REVIEW, APPROVE OR DISAPPROVE ACCEPTANCE OF ANY CHARITABLE CONTRIBUTION WHICH IMPOSES A MATERIAL OBLIGATION ON THE SPONSORING ENTITY, THE SISTERS OF ST. FRANCIS OF ASSISI; REVIEW, APPROVE OR DISAPPROVE ANY PROPOSAL FOR CREATION OF ANY SUBSIDIARY CORPORATION; REJECT OR REPLACE THE INDEPENDENT AUDITOR AND ATTORNEYS RECOMMENDED OR RETAINED BY THE CORPORATION AND TO SELECT ALTERNATIVE REPRESENTATION. FORM 990, PART VI, SECTION B, LINE 11 PER UNIVERSITY POLICY, A DRAFT OF THE COMPLETED 990 WAS REVIEWD BY THE MEMBERS OF THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WHO PROVIDE COMMENTS AND QUESTIONS ON ITS CONTENT PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REVIEWS ITS CONFLICT OF INTEREST POLICY ANNUALLY AND REQUIRES OFFICERS, TRUSTEES, AND KEY EMPLOYEES TO COMPLETE AND SUBMIT A SIGNED FORM ANNUALLY. OFFICERS ARE REQUIRED TO CONTACT THE UNIVERSITY IF A CHANGE OCCURS AFFECTING THEIR CONFLICT OF INTEREST STATEMENT AND IF SO, OFFICERS ARE REQUIRED TO DISCLOSE AND RESIGN A NEW STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY UTILIZES THE SERVICES OF AN INDEPENDENT CONSULTANT AND REVIEWS SALARY/COMPENSATION SURVEY DATA (WAICU & CUPA) FOR PEER INSTITUTIONS IN THE DETERMINATION OF COMPENSATION FOR THE PRESIDENT. THE SURVEY DATA PROVIDES INFORMATION ON ALL THE KEY LEADERSHIP POSITIONS AND OFFICERS. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE DATA AND APPROVING COMPENSATION FOR THE PRESIDENT. MINUTES ARE TAKEN AT ALL TRUSTEE MEETINGS. ALL OFFICERS AND KEY EMPLOYEES REPORTING TO THE PRESIDENT, HAVE THEIR COMPENSATION SET BY THE PRESIDENT AS PART OF THE ANNUAL BUDGETING PROCESS. DATA FROM ANNUAL SALARY/COMPENSATION SURVEY (WAICU & CUPA) FOR PEER INSTITUTIONS IS UTILIZED IN DETERMINING THE AMOUNT OF COMPENSATION. THE ANNUAL BUDGET IS APPROVED BY THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND BY THE FULL BOARD OF TRUSTEES. MINUTES ARE TAKEN AT ALL TRUSTEE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY DOCUMENTS MAY BE PROVIDED TO POTENTIAL OR EXISTING DONORS AND GRANTING AGENCIES UPON THEIR REQUEST. THE 990 IS AVAILABLE UPON REQUEST AND PAPER COPIES OR ELECTRONIC COPIES ARE SENT TO REQUESTERS. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 1,407,543. MANAGEMENT AND GENERAL EXPENSES 2,568,093. FUNDRAISING EXPENSES 51,216. TOTAL EXPENSES 4,026,852. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 14,270. MANAGEMENT AND GENERAL EXPENSES 2,986,465. FUNDRAISING EXPENSES 2,579. TOTAL EXPENSES 3,003,314. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OF THE ANNUAL AUDIT NOR ITS SELECTION PROCESS FOR ITS AUDIT FIRM DURING THE TAX YEAR. THE ORGANIZATION STILL MAINTAINS AN AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES THAT STILL ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.