2015-03-06T14:49:55-06:00 2014-05-31 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2013-06-01 750926755 UNIVERSITY OF DALLAS UNIV 9727215236 1845 E NORTHGATE DR IRVING TX 750624736 BRIAN C MURRAY VP-CHIEF FINANCIAL OFFICER 9727215236 2015-03-05 1 KAY HEGARTY P00091057 3192985333 2013 2016-02-25 16:41:14Z BRIAN C MURRAY 1845 EAST NORTHGATE DR IRVING TX 75062 82735219 0 0928 X WWW.UDALLAS.EDU X 1956 TX THE MISSION OF THE UNIVERSITY OF DALLAS IS TO EMPOWER MEN AND WOMEN TO POSITIVELY INFLUENCE THEIR FAMILY, THEIR COMMUNITY AND THE WORLD BY PROVIDING A RIGOROUS AND CHALLENGING LIBERAL ARTS EDUCATION IN THE WESTERN TRADITION WHICH WILL LEAD TO GRADUATE AND UNDERGRADUATE DEGREES THROUGH THE CONSTANTIN COLLEGE OF LIBERAL ARTS, THE COLLEGE OF BUSINESS, THE BRANIFF GRADUATE SCHOOL OF LIBERAL ARTS AND THE SCHOOL OF MINISTRY. 35 34 1403 200 42623 37461 4624631 4825107 66787150 72907602 1599709 3032949 171391 579938 73182881 81345596 23923062 25521176 0 0 29998137 31670589 0 0 1358937 20275328 20707616 74196527 77899381 -1013646 3446215 125347040 133263698 43761068 43451304 81585972 89812394 X THE MISSION OF THE UNIVERSITY OF DALLAS IS TO EMPOWER MEN AND WOMEN TO POSITIVELY INFLUENCE THEIR FAMILY, THEIR COMMUNITY AND THE WORLD BY PROVIDING A RIGOROUS AND CHALLENGING LIBERAL ARTS EDUCATION IN THE WESTERN TRADITION WHICH WILL LEAD TO GRADUATE AND UNDERGRADUATE DEGREES THROUGH THE CONSTANTIN COLLEGE OF LIBERAL ARTS, THE COLLEGE OF BUSINESS, THE BRANIFF GRADUATE SCHOOL OF LIBERAL ARTS AND THE SCHOOL OF MINISTRY. 0 0 44852431 25521176 61348776 INSTRUCTION: TO PROVIDE UNDERGRADUATE/GRADUATE LIBERAL ARTS DEGREES, GRADUATE DEGREES IN BUSINESS, MANAGEMENT AND ACCOUNTING AND OTHER OPPORTUNITIES TO ADVANCE IN SCHOOLS OF LEARNING IN LIBERAL ARTS, BUSINESS AND MINISTRY IN THE CLASSICAL TRADITION. 8567493 1539205 STUDENT SERVICES: SERVICES RELATED TO RECRUITING AND ADMITTING STUDENTS TO THE UNIVERSITY. THIS INCLUDES ADMISSIONS, RECRUITING, STUDENT LIFE PROGRAMS, INTERCOLLEGIATE ATHLETICS, THE REGISTRARS OFFICE AND THE FINANCIAL AID OFFICES. 5276475 127065 ACADEMIC SUPPORT: SERVICES RELATED TO ASSISTING IN THE PURSUIT OF THE ACADEMIC CURRICULUM. THIS INCLUDES LIBRARY SERVICES, ACADEMIC COMPUTING, DEAN/PROVOST OFFICES AND FACULTY DEVELOPMENT. 4459482 9105523 AUXILIARY AND OTHER SUPPORT SERVICES: INCLUDES HOUSING AND BOARD REVENUE, RESEARCH AND ROME FACILITIES EXPENSES AND OTHER ASSOCIATED EXPENSES. 673607 787033 INSTITUTIONAL SUPPORT SERVICES: INCLUDES COSTS ASSOCIATED WITH THE UNIVERSITY EXECUTIVE OFFICE, ADMINISTRATIVE OFFICE AND BUSINESS OFFICE. 5133089 9892556 63829488 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 231 0 1 1403 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 X 35 34 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH WA X LEONARD ROBERTSON 9727215236 1845 EAST NORTHGATE DR IRVING TX 75062 THOMAS W KEEFE PRESIDENT 40.00 X X 317174 0 37372 FRANK HUBACH CHAIRMAN 1.00 X X 0 0 0 JOSEPH MURPHY VICE CHAIRMAN 1.00 X X 0 0 0 LEN RUBY SECRETARY 1.00 X X 0 0 0 BISHOP KEVIN FARRELL CHANCELLOR 1.00 X X 0 0 0 MICHAEL HASSON NAB PRESIDENT 1.00 X X 0 0 0 WALTER E ADAMS TRUSTEE 1.00 X 0 0 0 CHARLIE BAUMANN TRUSTEE 1.00 X 0 0 0 WIN BELL TRUSTEE 1.00 X 0 0 0 JOANNE STROUD BILBY TRUSTEE 1.00 X 0 0 0 CHRISTOPHER R BRIGHT TRUSTEE 1.00 X 0 0 0 THOMAS CODD JR TRUSTEE 1.00 X 0 0 0 JOHN GATES TRUSTEE 1.00 X 0 0 0 LOUIS GRABOWSKY TRUSTEE 1.00 X 0 0 0 DAVID S GRUBER TRUSTEE 1.00 X 0 0 0 PATRICK E HAGGERTY JR TRUSTEE 1.00 X 0 0 0 KEVIN HASSON TRUSTEE 1.00 X 0 0 0 GREGORY HOELSCHER TRUSTEE 1.00 X 0 0 0 RICHARD HUSSEINI TRUSTEE 1.00 X 0 0 0 MONSIGNOR GREG KELLY TRUSTEE 1.00 X 0 0 0 MARY MANNING TRUSTEE 1.00 X 0 0 0 PATRICK MCLOCHLIN TRUSTEE 1.00 X 0 0 0 BISHOP MICHAEL MULVEY TRUSTEE 1.00 X 0 0 0 JOE NEUHOFF TRUSTEE 1.00 X 0 0 0 BISHOP MICHAEL OLSON TRUSTEE 1.00 X 0 0 0 NATHANIEL PARKER TRUSTEE 1.00 X 0 0 0 DWIGHT RISKEY TRUSTEE 1.00 X 0 0 0 MARY RITTER TRUSTEE 1.00 X 0 0 0 TIMOTHY ROONEY TRUSTEE 1.00 X 0 0 0 NICHOLAS SERAFY JR TRUSTEE 1.00 X 0 0 0 RICK STARK TRUSTEE 1.00 X 0 0 0 CHARLES TUSA TRUSTEE 1.00 X 0 0 0 BRIDGETT WAGNER TRUSTEE 1.00 X 0 0 0 DONNA ARP WEITZMAN TRUSTEE 1.00 X 0 0 0 THOMAS ZELLERS TRUSTEE 1.00 X 0 0 0 MARY TEMPLETON PART-YEAR TRUSTEE 1.00 X 0 0 0 ROBERT GALECKE EXEC VP - EXTERNAL AFFAIRS 40.00 X 247267 0 36455 JOHN PLOTTS VP STUDENT ENROLL & STUDENT AFFAIRS 40.00 X 216910 0 35398 J WILLIAM BERRY EXEC VICE PRESIDENT & PROVOST 40.00 X 209485 0 36693 BRIAN MURRAY VP - CHIEF FINANCIAL OFFICER 40.00 X 185910 0 18461 ROBERT SCHERER DEAN COLLEGE OF BUSINESS 40.00 X 213478 0 20847 CHARLES EAKER DEAN CONSTANTIN COL OF LIBERAL ARTS 40.00 X 144432 0 16883 PETER J HATLIE VP / DEAN ROME CAMPUS 40.00 X 133760 0 24361 MARK GOODWIN DEAN SCHOOL OF MINISTRY 40.00 X 100165 0 30112 DAVID SWEET PART-YEAR DEAN BRANIFF GRAD SCH OF L 40.00 X 88958 0 29024 JOSHUA PARENS DEAN BRANIFF GRAD SCH OF LIBERAL ARTS 40.00 X 92405 0 30682 LEONARD ROBERTSON DIRECTOR OF FINANCE 40.00 X 110667 0 24012 JANET BURK REGISTRAR 40.00 X 60880 0 9768 M PATRICK DALY ASSOCIATE VP FOR ADMINISTRATION 40.00 X 104071 0 13638 JAMES WHITTINGTON ACADEMIC PROGRAM DIRECTOR & PROFESSOR 40.00 X 140222 0 29604 BLAKE FRANK ASSOCIATE PROFESSOR COLLEGE OF BUSINESS 40.00 X 131315 0 13082 RICHARD OLENICK PROFESSOR 40.00 X 126785 0 12765 NANCY SCHREIBER SR ASSOC DEAN ACADEMIC AFFAIRS 40.00 X 118576 0 22220 LAURETTE DEKAT DIRECTOR STUDENT HEALTH 40.00 X 117342 0 10174 2859802 0 451551 28 0 1 0 ARAMARKINC 1199 S BELT LINE ROAD SUITE 160 COPPELL TX 75019 FOOD SERVICES 2826511 DB III HOLDINGS LLC 6860 N DALLAS PPRKWY STE 180 PLANO TX 75024 RENT 359629 JESSIE'S HOUSEKEEPING PO BOX 117191 CARROLLTON TX 75011 CAMPUS HOUSEKEEPING 350380 TRAVEL LEADERS 2589 NE 33RD FORT WORTH TX 76111 GROUP FLIGHT 337033 NCS PEARSON INC 13036 COLLECTION CENTER DR CHICAGO IL 60693 ONLINE CLASSES 259171 14 176217 1747757 2901133 4825107 TUITION & ACADEMIC 611310 64385671 64385671 AUXILIARY ACTIVITIES 611710 8410177 8410177 PARKING, PERMITS & FINES 812930 111754 111754 72907602 1295562 1295562 403055 403055 130891 45020 0 4110 130891 40910 171801 40910 130891 3071164 1333777 1737387 1737387 1737387 20300 176217 51736 -31436 -31436 PERKINS FEES 522291 34805 34805 K-1 PARTNERSHIP INCOME 900099 1713 1713 36518 81345596 72907602 42623 3570264 18051 18051 25503125 25503125 2634301 1860119 587080 187102 22370367 17821571 3996991 551805 788170 611209 162821 14140 4252992 3451108 722411 79473 1624759 1279050 296838 48871 95224 3270 91954 96147 96147 319868 319868 6754000 4441262 2279636 33102 364167 350865 3360 9942 2722780 1631959 878681 212140 424931 190432 226315 8184 1886361 287507 1598854 1712758 1605299 67344 40115 753442 554728 68431 130283 1084569 612453 462365 9751 2916516 2569482 327375 19659 599524 531533 64139 3852 BAD DEBT 323493 168162 155331 MEMBERSHIP DUES 276666 194582 74723 7361 MAINTENANCE 246459 21644 224815 UNRELATED BUS INC TAX 10000 10000 120711 122077 -4523 3157 77899381 63829488 12710956 1358937 18004 28417 12732554 16161734 1586538 738541 1854428 1830410 1143793 1193175 110816020 55691059 54762401 55124961 39736506 43882177 10530615 11236870 2982201 3067413 125347040 133263698 8164217 9259846 3567417 3548642 27495000 26365000 563333 523334 3971101 3754482 43761068 43451304 X 36598290 42492160 14400624 15799991 30587058 31520243 81585972 89812394 125347040 133263698 X 3446215 4407805 372402 X 0 1 X 1 1 1 X 5125553 4065756 4722339 4624631 4825107 23363386 5125553 4065756 4722339 4624631 4825107 23363386 1406636 21956750 758189 884454 1004778 903048 1829508 5379977 2502 33248 48065 43133 42623 169571 602990 41904 38150 37395 34805 755244 29668178 323503216 0.74010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PERKINS FEES - 2009 AMOUNT: $ 85,849. 2010 AMOUNT: $ 41,904. 2011 AMOUNT: $ 38,150. 2012 AMOUNT: $ 37,395. 2013 AMOUNT: $ 34,805. OTHER - 2009 AMOUNT: $ 517,141. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50280598 933185 6784711 285422 1746964 628738 55337370 45633774 80000 7585466 213216 2383744 421682 50280598 50399842 91845 -2117787 209061 2221279 309786 45633774 43864683 196817 8750547 183785 1923499 304921 50399842 40673223 543322 4953854 208536 1877725 219455 43864683 0.24810 0.56960 0.18230 1 0 5387953 5387953 77674028 37609691 40064337 13601523 6654093 6947430 3432811 2738455 694356 10719705 8688820 2030885 55124961 FUNDS HELD IN TRUST 7047 F INVESTMENT HEDGE FUND 4789100 F INVESTMENT PARTNERSHIP UNITS 6440723 F 11236870 REFUNDABLE STUDENT DEPOSITS 889199 US GOVERNMENT REFUNDABLE ADVANCES 2865283 3754482 X 62021455 4407805 1909507 6317312 55704143 290671 25350782 25641453 81345596 54285108 2049023 2049023 52236085 290671 25372625 25663296 77899381 PART V, LINE 4: THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS IS TO SUPPORT THE INSTITUTION'S LONG TERM MISSION BY PROVIDING THE FINANCIAL STRENGTH NECESSARY TO CARRY OUT THE MISSION'S OPERATIONS. PART X, LINE 2: THE UNIVERSITY OF DALLAS AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS AND INCLUDE THE UNIVERSITY OF DALLAS AND UD PROPERTY MANAGEMENT CORPORATION. ACCORDINGLY, NOTE 1 TO THE FINANCIAL STATEMENTS AS REPRINTED BELOW INCLUDES REFERENCES TO BOTH ENTITIES. THE UNIVERSITY AND UDPMC ARE RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY AND UDPMC MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY AND UDPMC FILE A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME TAX FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). DURING 2013, THE UNIVERSITY PAID $6,000 TO THE INTERNAL REVENUE SERVICE TO SATISFY ESTIMATED UBIT DUE AS OF MAY 31, 2013. AS OF MAY 31, 2014, THE UNIVERSITY HAS AN ACCRUED LIABILITY OF $6,000 FOR UNRELATED BUSINESS INCOME TAXES. AS OF MAY 31, 2014 AND 2013, THERE WERE NO UNCERTAIN TAX BENEFITS THAT HAD NOT BEEN RECOGNIZED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY AND UDPMC ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED MAY 31, 2010 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF SUBSIDIARY - UD PROPERTY MANAGEMENT 1,909,507. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -51,736. INSTITUTIONAL GRANTS AND SCHOLARSHIPS 25,503,125. BOOK TAX DIFFERENCE K-1 PARTNERSHIP INCOME 1,713. RENTAL EXPENSE NETTED AGAINST REVENUE -4,110. DIFFERENCE BETWEEN TOTAL INST GRANTS AND GRANTS TO INDIVIDUALS -130,500. ADJUSTMENT TO UNREALIZED LOSS ON INVESTMENT 32,290. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 51,736. BOND SWAP LOSS -406,407. CONSOLIDATING EXPENSES - UD PROPERTY MANAGEMENT 2,399,584. RENTAL EXPENSE NETTED AGAINST REVENUE 4,110. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS AND SCHOLARSHIPS 25,503,125. DIFFERENCE BETWEEN TOTAL INST GRANTS & GRANTS TO INDIVIDUALS -130,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ITS CATALOG AND OTHER PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED ASSISTANCE FOR STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF: SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS, PARENTS AND GRADUATE PLUS LOANS, PERKINS LOANS, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG) AND PELL GRANTS. ADDITIONAL ASSISTANCE WAS RECEIVED FROM THE TEXAS HIGHER EDUCATION COORDINATING BOARD IN THE FORM OF TEXAS EQUALIZATION GRANTS AND PASS THROUGH LEAP AND SLEAP GRANTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 18 PROGRAM SERVICES EXTENSION OF THE MAIN CAMPUS 2106979 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6608462 1 18 0 0 1 18 8715441 0 8715441 0 0 0 1 0 0 GOLF TOURNAMENT 196517 176217 20300 9946 29038 12752 196517 176217 20300 9946 29038 12752 51736 -31436 1 LEAST AMONG US 7413 SIX FORKS ROAD APT 410 RALEIGH NC 27615 562223900 501(C)(3) 6017 CHARITY WEEK DONATION TO FUND THE OPERATIONS OF LEAST AMONG US. CATHOLIC PSYCHOTHERAPY ASSOCIATION 901 E CARY STREET RICHMOND VA 23219 263450480 501(C)(3) 6017 CHARITY WEEK DONATION TO FUND THE OPERATIONS OF THE CATHOLIC PSYCHOTHERAPY ASSN. LIVING WATER INTERNATIONAL 1111 BAGBY STREET STE 1700 HOUSTON TX 77002 760324875 501(C)(3) 6017 CHARITY WEEK DONATION TO FUND THE OPERATIONS OF LIVING WATER INTERNATIONAL. 3 0 SCHOLARSHIP - BRANIFF GRADUATE STUDENTS 168 954777 SCHOLARSHIP - GRADUATE SCHOOL OF MANAGEMENT 43 63889 SCHOLARSHIP - TEG GRANTS 385 1330291 SCHOLARSHIP - UNDERGRADUATE 2305 19412291 SCHOLARSHIP - STIPENDS 38 130500 SCHOLARSHIP - SCHOOL OF MINISTRY 151 159214 SCHOLARSHIP - NATIONAL MERIT 132 2153525 SCHOLARSHIP - DEPARTMENT AWARDS 171 384646 SCHOLARSHIP - COMPETITIVE EXAMS 18 231392 SCHOLARSHIP - SEMINARIAN 86 597023 SCHOLARSHIP - SEOG GRANTS 75 85577 PART I, LINE 2: ALL GRANT FUNDS ARE DETERMINED AND AWARDED BY THE OFFICE OF ENROLLMENT MANAGEMENT AND STUDENT FINANCIAL AID CONSISTENT WITH THE UNIVERSITY'S POLICIES AS WELL AS FEDERAL AND STATE GUIDELINES. GRANTEES MUST MAINTAIN PREDETERMINED ACADEMIC LEVELS IN ORDER TO QUALIFY FOR SUBSEQUENT GRANTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 THOMAS W KEEFE PRESIDENT 302774 0 0 0 14400 0 15300 0 22484 0 354958 0 0 0 ROBERT GALECKE EXEC VP - EXTERNAL AFFAIRS 242267 0 0 0 5000 0 14903 0 21965 0 284135 0 0 0 JOHN PLOTTS VP STUDENT ENROLL & STUDENT AFFAIRS 216910 0 0 0 0 0 13326 0 22484 0 252720 0 0 0 J WILLIAM BERRY EXEC VICE PRESIDENT & PROVOST 209485 0 0 0 0 0 12953 0 24152 0 246590 0 0 0 BRIAN MURRAY VP - CHIEF FINANCIAL OFFICER 185910 0 0 0 0 0 11300 0 7572 0 204782 0 0 0 ROBERT SCHERER DEAN COLLEGE OF BUSINESS 213478 0 0 0 0 0 12986 0 8272 0 234736 0 0 0 CHARLES EAKER DEAN CONSTANTIN COL OF LIBERAL ARTS 144432 0 0 0 0 0 8846 0 8449 0 161727 0 0 0 PETER J HATLIE VP / DEAN ROME CAMPUS 126927 0 0 0 6833 0 7742 0 17031 0 158533 0 0 0 JAMES WHITTINGTON ACADEMIC PROGRAM DIRECTOR & PROFESSO 140222 0 0 0 0 0 8051 0 21964 0 170237 0 0 0 PART I, LINE 1A THE UNIVERSITY, AS PART OF ITS EXECUTIVE COMPENSATION PROCESS HAS AGREED TO PAY CERTAIN COSTS SUCH AS HOUSING, AUTOMOBILE AND SOCIAL CLUB DUES AND INCLUDES THESE PAYMENTS IN THE EXECUTIVE'S COMPENSATION, AS TAXABLE INCOME. THE INDIVIDUALS AUTHORIZED TO RECEIVE SUCH PAYMENTS ARE ISOLATED TO SENIOR OFFICERS SUCH AS THE PRESIDENT, PROVOST AND THE EXECUTIVE VICE PRESIDENT. THE UNIVERSITY OWNS A RESIDENCE WHICH IS USED FOR SCHEDULED UNIVERSITY EVENTS, FUNDRAISING ACTIVITIES AND OTHER KEY MEETINGS INVOLVING UNIVERSITY OFFICIALS, TRUSTEES AND GUESTS. AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT LIVES ON THE SECOND FLOOR OF THE RESIDENCE AND PAYS THE UNIVERSITY RENT BASED ON THE FAIR MARKET VALUE OF THE RENTAL SPACE DISCOUNTED FOR THE SCHEDULED UNIVERSITY USAGE. PART I, LINE 3 THE HUMAN RESOURCES DEPARTMENT OF THE UNIVERSITY COLLECTS WAGE AND BENEFIT INFORMATION OF UNIVERSITIES OF SIMILAR SIZE AND STATURE FOR ALL SENIOR OFFICER POSITIONS BASED ON THE INFORMATION IN THE SURVEYED SCHOOLS' FORM 990. THE UNIVERSITY ALSO COLLECTS ANNUAL WAGE AND COMPENSATION INFORMATION FROM THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) SURVEY FOR USE IN SALARY DETERMINATIONS. BASED ON THESE SURVEYS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES CHANGES TO THE SALARIES OF DEANS AND ABOVE. RECOMMENDED CHANGES MADE BY THE EXECUTIVE COMMITTEE TO THE PRESIDENT'S SALARY ARE REVIEWED BY THE FULL BOARD OF TRUSTEES. A MARSHAL HIGHER EDUCATION FINANCING 722693822 2005-12-21 7245000 REFUND 1997 SERIES HIGHER EDUCATION BONDS 0 0 0 B METROPOLITAN HIGHER EDUCATION AUTHORITY INC 752714188 592143AY7 2008-08-14 16000000 CONSTRUCT AND EQUIP NEW DORMITORY 0 0 0 A 4690000 7245000 131834 7113166 2005 1 0 1 1 B 1290000 16000000 270825 15729175 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 B 0 0 0 0 1 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 1 1 JP MORGAN CHASE 13.920000000000 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARSHAL HIGHER EDUCATION FINANCING DATE THE REBATE COMPUTATION WAS PERFORMED: 12/21/2005 ISSUER NAME: METROPOLITAN HIGHER EDUCATION AUTHORITY INC DATE THE REBATE COMPUTATION WAS PERFORMED: 08/14/2013 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL HASSON AND KEVIN HASSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE THE FOLLOWING SIGNIFICANT CHANGES TO THE BY-LAWS DURING THE FISCAL YEAR: - THE UNIVERSITY AFFAIRS COMMITTEE WAS SPLIT INTO TWO SEPARATE COMMITTEES, THE (1) ACADEMIC AFFAIRS COMMITTEE AND THE (2) ENROLLMENT MANAGEMENT AND STUDENT AFFAIRS COMMITTEE. - THE ACADEMIC AFFAIRS COMMITTEE IS A COMMITTEE TASKED WITH MONITORING THE CURRICULUM IN THE VARIOUS DEGREE PROGRAMS, STUDENT RETENTION, CAREER SERVICES, AND ACADEMIC SUCCESS INITIATIVES. - THE ENROLLMENT MANAGEMENT AND STUDENT AFFAIRS COMMITTEE IS A COMMITTEE TASKED WITH MONITORING THE DEVELOPMENT OF STUDENT RECRUITING, ADMISSSIONS, FINANCIAL AID, RETENTION POLICIES, AND ATHLETIC AND ACADEMIC SUCCESS INITIATIVES. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCIAL INFORMATION AND SUPPORTING DOCUMENTATION FOR FORM 990 IS PROVIDED TO THE UNIVERSITY'S TAX ACCOUNTANTS FOR REVIEW AND PREPARATION OF FORM 990. A DRAFT OF THE 990 IS REVIEWED BY MANAGEMENT STAFF AND THE EXECUTIVE VICE PRESIDENT AND IS THEN SUBMITTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. FOLLOWING THE AUDIT COMMITTEE REVIEW, THE FORM 990 IS ELECTRONICALLY SUBMITTED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OBTAINS DOCUMENTATION ON AN ANNUAL BASIS REGARDING POSSIBLE CONFLICTS OF INTEREST FROM EACH TRUSTEE AND OFFICER. TO THE EXTENT A TRUSTEE HAS A CONFLICT, THAT INDIVIDUAL IS NOT ALLOWED TO VOTE ON ANY ISSUE REGARDING THE ITEM IN CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT OF THE UNIVERSITY COLLECTS WAGE AND BENEFIT INFORMATION OF UNIVERSITIES OF SIMILAR SIZE AND STATURE FOR ALL SENIOR OFFICER POSITIONS BASED ON THE INFORMATION IN THE SURVEYED SCHOOLS' FORM 990. THE UNIVERSITY ALSO COLLECTS ANNUAL WAGE AND COMPENSATION INFORMATION FROM THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) SURVEY FOR USE IN SALARY DETERMINATIONS. BASED ON THESE SURVEYS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES CHANGES TO THE SALARIES OF DEANS AND ABOVE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES CHANGES TO THE SALARIES OF THE PRESIDENT AND EXECUTIVES WHOSE POSITION IS THAT OF A DEAN OR ABOVE AND USES THE SURVEY INFORMATION IN ITS DELIBERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR ITS GOVERNING DOCUMENTS. FORM 990, PART XI, LINE 9: INTEREST SWAP MARK TO MARKET 406,407. BOOK TAX DIFFERENCE ON K-1 PARTNERSHIP INCOME -1,713. ADJUSTMENT TO UNREALIZED GAIN ON INVESTMENT -32,292. UD PROPERTY MANAGEMENT CORPORATION 1845 E NORTHGATE DR IRVING TX 75062 752563041 MANAGE STUDENT APARTMENTS TX 501(C)(3) LINE 11A, I UNIVERSITY OF DALLAS 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 UD PROPERTY MANAGEMENT CORPORATION Q 106560 SEE PART VII UD PROPERTY MANAGEMENT CORPORATION S 500000 CASH TRANSFER SCHEDULE R, PART V, LINE 2 PAYMENTS MADE BY UD PROPERTY MANAGEMENT TO REIMBURSE THE UNIVERSITY FOR PROPERTY INSURANCE AND PROPERTY TAXES PAID BY THE UNIVERSITY ON BEHALF OF UD PROPERTY MANAGEMENT.