2015-11-13T15:06:24-06:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2014-07-01 390806325 CARROLL UNIVERSITY INC CARR 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 RONALD LOSTETTER VP OF FINANCE 2625247200 2015-11-10 1 TROY E MARINE CPA P00187863 4147775500 2015-11-10 2014 2016-03-07 17:11:31Z DOUGLAS HASTAD 100 N EAST AVENUE WAUKESHA WI 53186 172770636 0 X WWW.CARROLLU.EDU X 1846 WI CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 26 25 3259 25 364449 -150709 5799011 5938089 98905166 103688421 10563585 4256740 242811 533282 115510573 114416532 32968139 35053667 0 0 1808948 2015988 139107 98620 1417264 64266231 63585835 99182425 100754110 16328148 13662422 176911844 186507637 22115206 21107090 154796638 165400547 CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 0 0 27940681 87701995 INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM. 61684449 35053667 15986426 AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS DORMITORY CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION. 6718215 INSTITUTIONAL SUPPORT - SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION. 96343345 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 77 0 3259 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO IL KY LA MA MI NV NH ND NY OR WA WI DC OH SD SC IA MO X RONALD LOSTETTER 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 TED BAKER TRUSTEE 1.00 X 0 0 0 DEBORAH BLOCK TRUSTEE 1.00 X 0 0 0 CHRISTY BROWN TRUSTEE 1.00 X 0 0 0 DORVAL CARTER TRUSTEE 1.00 X 0 0 0 REYNOLDS CHALLONER TRUSTEE 1.00 X 0 0 0 SANDRA CUNNINGHAM TRUSTEE 1.00 X 0 0 0 JEFFERSON DEANGELIS TRUSTEE 1.00 X 0 0 0 JAMES DEJONG TRUSTEE 1.00 X 0 0 0 GUY DI SPIGNO TRUSTEE 1.00 X 0 0 0 TIMOTHY HANDO TRUSTEE 1.00 X 0 0 0 RUSSELL HARLAND TRUSTEE 1.00 X 0 0 0 LYNDA JOHNSON TRUSTEE 1.00 X 0 0 0 PERSHING E MACALLISTER TRUSTEE 1.00 X 0 0 0 CINDY MAYORA TRUSTEE 1.00 X 0 0 0 ALICE CROFTS MORAVA TRUSTEE 1.00 X 0 0 0 TERRY M MURPHY TRUSTEE 1.00 X 0 0 0 JOSE OLIVIERI TRUSTEE 1.00 X 0 0 0 CHARMAINE PONKRATZ TRUSTEE 1.00 X 0 0 0 DENNIS PUNCHES TRUSTEE 1.00 X 0 0 0 RENEE RAMIREZ TRUSTEE 1.00 X 0 0 0 JAMES SCHNEIDER TRUSTEE 1.00 X 0 0 0 TIMOTHY SULLIVAN TRUSTEE 1.00 X 0 0 0 TY TAYLOR TRUSTEE 1.00 X 0 0 0 JOSEPH ZVESPER TRUSTEE 1.00 X 0 0 0 DOUGLAS HASTAD PRESIDENT 40.00 X 869067 0 80936 STEPHEN KUHN VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 212507 0 40093 RONALD LOSTETTER VP OF FINANCE AND ADMIN SERVICES 40.00 X 224150 0 62766 JOANNE PASSARO PROVOST/VP OF ACADEMIC AFFAIRS 40.00 X 242466 0 49260 JAMES V WISEMAN III VP OF ENROLLMENT 40.00 X 192198 0 42546 BARBARA BAHRKE DIRECTOR, PA PROGRAM 40.00 X 150538 0 21270 THERESA BARRY VP FOR STUDENT AFFAIRS 40.00 X 154618 0 30529 JANE HOPP DEAN, COLLEGE OF NATURAL & HEALTH SCIENCES 40.00 X 148327 0 15346 GREGORY KUHLEMEYER PROFESSOR OF BUSINESS 40.00 X 132172 0 18144 DEBRA JENKINS CHIEF INFORMATION OFFICER 40.00 X 144031 0 15793 2470074 0 376683 17 0 1 0 TIME WARNER CABLE 1320 DR MARTIN LUTHER KING DRIVE MILWAUKEE WI 53212 CABLE 163412 AVAYA INC PO BOX 5332 NEW YORK NY 100875332 COMMUNICATIONS 136885 ROBERT HALF INTERNATIONAL INC 2613 CAMINO RAMON SAN RAMON CA 94583 HUMAN RESOURCES AND IT CONSULTING 127680 SIEMENS INDUSTRY INC 6737 WEST WASHINGTON ST SUITE 2110 MILWAUKEE WI 53214 INDUSTRIAL SOFTWARE 105107 MICHAEL BEST & FRIEDRICH 100 EAST WISCONSIN AVENUE SUITE 33 MILWAUKEE WI 53202 LEGAL 104730 7 26725 1120194 4791170 553937 5938089 TUITION AND FEES 900099 87701995 87701995 AUXILIARY ENTERPRISES 611710 15986426 15986426 103688421 2924196 2924196 59664417 58331873 1332544 1332544 1332544 29194 26725 22231 6963 6963 SUMMER CONFERENCES 721000 364449 364449 OTHER INCOME 900099 161870 161870 526319 114416532 103688421 364449 4425573 35053667 35053667 2015988 1820222 195766 98620 98620 3870483 3110234 760249 INSTRUCTION 19313742 19313742 AUXILIARY ENTERPRISES 14215647 14215647 STUDENT SERVICES 10777853 10777853 INSTITUTIONAL SUPPORT 7841093 6718215 1122878 7567017 7153987 413030 100754110 96343345 2993501 1417264 1373847 1808770 6564938 6292843 3129916 3510826 3831153 3850197 1161105 1353434 128346480 58113136 61374649 70233344 98748943 98855308 727293 602915 176911844 186507637 4666211 4824846 1154724 1202717 8880712 8018775 7413559 7060752 22115206 21107090 X 75205797 83758353 43517239 44134427 36073602 37507767 154796638 165400547 176911844 186507637 X 13662422 -3081914 23401 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52173386 1541821 425818 1533600 52607425 46263856 456889 6894398 1441757 52173386 41570137 577484 5505951 1389716 46263856 41922315 454296 419651 1226125 41570137 32697229 2792396 6432690 41922315 0.68900 0.31100 1 0 6091218 6091218 77402828 32948350 44454478 5846942 2808161 3038781 21260029 13940485 7319544 17745463 8416140 9329323 70233344 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 1046115 DEFERRED COMPENSATION 740968 ASSET RETIREMENT OBLIGATION 2743810 U.S. GOVERNMENT GRANTS REFUNDABLE 2470773 OTHER LIABILITIES 59086 7060752 X 76310544 -3081914 23401 -3058513 79369057 35047475 35047475 114416532 65706635 6192 6192 65700443 35053667 35053667 100754110 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT ACADEMIC PROGRAMS AND SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2012 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 23,401. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSE (GOLF EVENT) -22,231. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 35,053,667. EXCESS WITHDRAWALS OVER INCOME EARNED 16,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSE 22,231. EXCESS WITHDRAWALS OVER INCOME EARNED -16,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 35,053,667. 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 FOLLOWING WAS PUBLISHED IN THE STUDENT HANDBOOK AND BROCHURES USED FOR THE RECRUITMENT OF STUDENTS "CARROLL UNIVERSITY DOES NOT DISCRIMINATE IN ANY MANNER CONTRARY TO LAW OR JUSTICE ON THE BASIS OF RACE, COLOR, SEX, AGE, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY OR VETERANS STATUS IN ADMINISTRATION OF ITS EDUCATIONAL, ADMISSION, FINANCIAL AID, ATHLETIC, OR OTHER UNIVERSITY POLICIES AND PROGRAMS NOR IN THE EMPLOYMENT OF ITS FACULTY AND STAFF" SCHEDULE E, PART I, LINE 6 FINANCIAL AID AT CARROLL UNIVERSITY, INC. IS AVAILABLE TO STUDENTS WHO ARE DEGREE CANDIDATES, FOLLOWING GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE U.S. DEPARTMENT OF EDUCATION AND THE WISCONSIN HIGHER EDUCATIONAL BOARD. THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION AND HEALTH AND HUMAN SERVICES AND THE WISCONSIN HIGHER EDUCATION AIDS BOARD: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, TEACH GRANT, FEDERAL PERKINS LOAN PROGRAM, FEDERAL COLLEGE WORK STUDY PROGRAM, FEDERAL STAFFORD LOANS, PARENTS' LOAN PROGRAM, NATIONAL SCIENCE FOUNDATION, WISCONSIN TUITION GRANT, WISCONSIN TIP GRANT, WISCONSIN MINORITY GRANT, WISCONSIN HANDICAP GRANT, WISCONSIN INDIAN GRANT, WISCONSIN COVENANT GRANT, WISCONSIN ACADEMIC EXCELLENCE SCHOLARSHIP, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTIONS, AND HEALTH RESOURCES SCHOLARSHIPS. X X 0 SNAVELY ASSOCIATES PO BOX 1139 STATE COLLEGE PA 168041139 MARKETING AND COMMUNICATION MATERIALS CONSULTING 0 0 40102 0 GONSER GERBER TINKER STUHR LLP 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 ADVICE & CONSULTING REGARDING SOLICITATIONS OF CONTRIBUTIONS 0 0 58518 0 98620 PIONEER GOLF CLASSIC 55919 26725 29194 22231 55919 26725 29194 22231 22231 6963 1 SCHOLARSHIPS 2927 35053667 FMV PART I, LINE 2: THE ORGANIZATION MAINTAINS A POLICY AND PROCEDURES MANUAL WHICH OUTLINES THE ORGANIZATION'S POLICY ON AWARDING FEDERAL, STATE, AND INSTITUTIONAL ASSISTANCE TO STUDENTS. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 DOUGLAS HASTAD PRESIDENT 392320 0 0 0 476747 0 45000 0 35936 0 950003 0 195000 0 STEPHEN KUHN VP OF INSTITUTIONAL ADVANCEMENT 200344 0 0 0 12163 0 10000 0 30093 0 252600 0 0 0 RONALD LOSTETTER VP OF FINANCE AND ADMIN SERVICES 220332 0 0 0 3818 0 30000 0 32766 0 286916 0 0 0 JOANNE PASSARO PROVOST/VP OF ACADEMIC AFFAIRS 215522 0 0 0 26944 0 20000 0 29260 0 291726 0 20000 0 JAMES V WISEMAN III VP OF ENROLLMENT 190148 0 0 0 2050 0 10000 0 32546 0 234744 0 0 0 BARBARA BAHRKE DIRECTOR, PA PROGRAM 150349 0 0 0 189 0 0 0 21270 0 171808 0 0 0 THERESA BARRY VP FOR STUDENT AFFAIRS 147923 0 0 0 6695 0 10000 0 20529 0 185147 0 5000 0 JANE HOPP DEAN, COLLEGE OF NATURAL & HEALTH SC 147263 0 0 0 1064 0 0 0 15346 0 163673 0 0 0 GREGORY KUHLEMEYER PROFESSOR OF BUSINESS 131958 0 0 0 214 0 0 0 18144 0 150316 0 0 0 DEBRA JENKINS CHIEF INFORMATION OFFICER 75669 0 0 0 68362 0 0 0 15793 0 159824 0 0 0 PART I, LINES 4A-B FORMER EMPLOYEE DEBRA JENKINS RECEIVED $36,189 IN SEVERANCE PAY. PART I, LINE 4B THE FOLLOWING INDIVIDUALS HAVE RECEIVED PAYMENTS FROM A 457(F) PLAN: DOUG HASTAD - $288,833; JOANNE PASSARO - $22,865; THERESA BARRY - $5,831 A BANK OF NEW YORK 953571558 97710VE46 2006-05-03 6326043 BUILDING IMPROVEMENT 0 0 0 A 6326043 493779 126521 6305000 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 A 1 BENECO INC STEVE MILLER IS PRESIDENT OF BENECO, INC. & FORMER TRUSTEE OF ORGANIZATION CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH BENECO, INC. DURING THE YEAR ENDED JUNE 30, 2015 TO CONSULT THE UNIVERSITY ON INSURANCE PLAN ARRANGEMENTS. STEVE MILLER, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, SERVES AS PRESIDENT OF BENECO, INC.. BENECO, INC. RECEIVES COMMISSIONS FROM INSURANCE VENDORS BASED ON CARROLL UNIVERSITY'S INSURANCE CONTRACT CHOICES. CARROLL UNIVERSITY DOES NOT PAY ANY COMMISSIONS DIRECTLY TO BENECO, INC. 0 QUADGRAPHICS THOMAS QUADRACCI IS CEO OF QUADRAPHICS & FORMER TRUSTEE OF ORGANIZATION DURING THE YEAR ENDED JUNE 30, 2015, CARROLL UNIVERSITY CONTRACTED WITH QUADGRAPHICS TO PRINT COURSE CATALOGS AND OTHER MATERIALS FOR THE UNIVERSITY. THOMAS QUADRACCI, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS CHAIRMAN AND CEO OF QUADGRAPHICS. THE PURCHASE OF PRINTED MATERIALS FROM QUADGRAPHICS WAS CONDUCTED IN AN ARMS LEGNTH TRANSACTION. 0 WAUKESHA STATE BANK TY TAYLOR IS PRESIDENT OF WAUKESHA STATE BANK & A TRUSTEE OF THE ORG DURING THE YEAR ENDED JUNE 30, 2015, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH WAUKESHA STATE BANK. TY TAYLOR, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS PRESIDENT OF WAUKESHA STATE BANK. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LEGNTH TRANSACTION. 0 FIRST BUSINESS BANK DAVID VETTA IS PRES/CEO OF FIRST BUSINESS BANK & FORMER TRUSTEE OF THE ORG DURING THE YEAR ENDED JUNE 30, 2015, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH FIRST BUSINESS BANK. DAVID J. VETTA, WHO WAS FORMERLY ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS PRESIDENT AND CEO AT FIRST BUSINESS BANK. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LEGNTH TRANSACTION 0 MICHAEL BEST & FRIEDRICH LLP JOSE OLIVIERI IS A PARTNER AT MICHAEL BEST & A TRUSTEE OF THE ORGANIZATION 104730 DURING THE YEAR ENDED JUNE 30, 2015, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH MICHAEL BEST & FRIEDRICK LLP. JOSE OLIVIERI, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS A PARTNER AT MICHAEL BEST & FRIEDRICH LLP. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LEGNTH TRANSACTION. 0 CENTURY FENCE COMPANY ANDREW BRYANT, CHAIRMAN OF CENTURY FENCE, IS A TRUSTEE OF THE ORGANIZATION DURING THE YEAR ENDED JUNE 30, 2015, CARROLL UNIERSITY CONTRACTED WITH CENTURY FENCE TO PURCHASE FENCING. ANDREW BRYANT, WHO IS ON THE CARROLL UNIVERISTY BOARD OF TRUSTEES, IS CHAIRMAN OF CENTURY FENCE. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARMS LEGNTH TRANSACTION. 0 X 13 553937 FMV X GOLF CART 1 3000 FMV X SPORTING GOODS 1 1866 FMV X TICKETS 1 320 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY BYLAWS PERMIT AN EXECUTIVE COMMITTEE OF THE BOARD TO TAKE ACTION BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD AND TO ACT ON MATTERS REFERRED TO IT BY THE BOARD. ACTIONS INVOLVING SELECTION OR TERMINATION OF THE PRESIDENT, TRUSTEE OFFICERS, THE UNIVERSITY MISSION, VISION AND BYLAWS, DEBT, SALE OF CERTAIN PROPERTY, BUDGET AND TENURE AND PROMOTION REQUIRE ACTION BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11 CARROLL UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT AND REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. A DRAFT OF THE FULL DISCLOSURE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES AUDIT COMMITTEE FOR REVIEW AND THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE NOVEMBER 15TH FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF CARROLL UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE PRESIDENT COLLECTS CONFLICT OF INTEREST DISCLOSURES ANNUALLY, CONFLICTS DISCLOSED ARE DISCUSSED WITH FINANCIAL OFFICERS AND, IF REQUIRED, TRUSTEES. IN ALL CASES, A PERSON WITH A CONFLICT IS EXCUSED FROM ANY DECISION RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF CARROLL UNIVERSITY, INC. ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE UNIVERSITY'S COMPENSATION PLAN. SPECIFIC DUTIES OF THE COMMITTEE INCLUDE THE RESPONSIBILITY TO: (A)REQUEST AND REVIEW, ON AT LEAST AN ANNUAL BASIS, THE COMPENSATION POLICIES FOR THE UNIVERSITY, INCLUDING ALL PERTINENT AND CURRENT COMPENSATION STUDIES, FORECASTS AND STATISTICS TO ENSURE THAT COMPENSATION IS NOT ONLY REASONABLE, BUT ALSO APPROPRIATE AND COMPETITIVE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL, INCLUDING THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER MEMBERS OF THE BOARD, FACULTY, STAFF, STUDENTS, ALUMNI AND COMMUNITY MEMBERS. AN ANNUAL REPORT REGARDING THIS REVIEW SHALL BE PRESENTED TO THE FULL BOARD. (B)RECOMMEND TO THE BOARD, FOR APPROVAL, COMPENSATION CHANGES FOR THE PRESIDENT AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. DURING SUCH DELIBERATIONS, THE PRESIDENT AND OTHER KEY EMPLOYEES SHALL NOT BE PRESENT WHEN DISCUSSED. (C)OVERSEE THE DEVELOPMENT WHEN APPROPRIATE, THE EXECUTIVE AGREEMENT FOR THE PRESIDENT OF THE UNIVERSITY. (D)PERFORM ANY/ALL OTHER ACTIVITIES, AS REQUESTED BY THE BOARD THAT RELATE TO THE OVERSIGHT OF COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 23,401. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.