2014-03-14T09:00:03-05:00 2013-06-30 CROWE HORWATH LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 33301 990 2012-07-01 591023117 LYNN UNIVERSITY INC LYNN 5612377181 3601 North Military Trail Boca Raton FL 33431 LAURIE LEVINE 2013-03-13 true Rachel Spurlock P00520729 9542028600 2012 2015-11-30 17:44:51Z KEVIN ROSS 3601 North Military Trail Boca Raton FL 33431 90663194 false X WWW.LYNN.EDU X 1962 FL THE MISSION OF LYNN UNIVERSITY IS TO PROVIDE THE EDUCATION, SUPPORT AND ENVIRONMENT THAT ENABLE STUDENTS TO REACH THEIR FULL POTENTIAL AND TO PREPARE FOR SUCCESS IN THE WORLD. 11 9 1203 41 3468 968 6502984 12155596 67449371 70792823 504815 400557 679194 647850 75136364 83996826 13559475 13764633 0 0 38517540 40467290 0 0 4522631 27242615 28161147 79319630 82393070 -4183266 1603756 112378544 124867102 45914672 53634665 66463872 71232437 X FOUNDED IN 1962 AND LOCATED IN BOCA RATON, FLA., LYNN UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACS) (CONTINUED IN SCHEDULE O). false false 35019104 11837584 39317022 THE UNIVERSITY OFFERS BACHELOR'S, MASTER'S AND A DOCTORAL DEGREE. THE ACADEMIC PROGRAM IS DESIGNED FOR TRADITIONAL AGED STUDENTS, AS WELL AS A GROWING POPULATION OF ADULT LEARNERS. TODAY, LYNN UNIVERSITY HAS 2,297 STUDENTS WHO HAIL FROM 89 FOREIGN COUNTRIES AND 42 UNITED STATES AND TERRITORIES. PRESENTLY, THE UNIVERSITY OFFERS FOUR MASTER'S DEGREES WITH NINE MAJOR PROGRAMS OF STUDY, WITHIN THEM 27 SPECIALIZATIONS, AS WELL AS ONE DOCTORAL DEGREE WITH ONE MAJOR PROGRAM OF STUDY, AND THREE BACHELOR'S DEGREES WITH 28 MAJOR PROGRAMS OF STUDY, AND WITHIN THEM, 16 SPECIALIZATIONS. LYNN UNIVERSITY IS PROUD OF ITS TRADITION OF EDUCATING MEN AND WOMEN WHO ASSUME POSITIONS OF RESPONSIBILITY AND BECOME LEADERS IN THEIR CHOSEN PROFESSIONS. (CONTINUED IN SCHEDULE O). 18003556 0 19962702 A PROGRAM OF ACTIVITIES COMPLEMENTS THE ACADEMIC PROGRAM. STUDENTS CHOOSE THOSE ACTIVITIES THAT WILL CONTRIBUTE TO THEIR PERSONAL DEVELOPMENT AND ENJOYMENT - STUDENT GOVERNMENT, SERVICE CLUBS, SPORTS, SOCIAL FRATERNITIES, AND NUMEROUS SPECIAL INTEREST ORGANIZATIONS. IN ADDITION, THE UNIVERSITY OFFERS A FORMAL LEADERSHIP CERTIFICATION PROGRAM, AVAILABLE TO ALL STUDENTS. TITLED THE EMERGING LEADERS PROGRAM, IT ENTAILS SIX WORKSHOPS AND 20 HOURS OF SERVICE (CONTINUED IN SCHEDULE O). 12517573 1927049 10020872 THE UNIVERSITY MAINTAINS FIVE RESIDENCE HALLS THAT PROVIDE FULL LIVING ACCOMMODATIONS FOR MORE THAN HALF OF ITS UNDERGRADUATE STUDENT POPULATION. EACH ROOM IS FURNISHED TO MEET STUDENTS' NEEDS, INCLUDING TV CABLE AND WIRELESS INTERNET SERVICE. STUDENTS LIVING ON CAMPUS ARE REQUIRED TO BE ON THE UNIVERSITY MEAL PLAN. IN LATE SPRING 2013, SODEXO WAS CHOSEN AS THE NEW FOOD SERVICE VENDOR, SETTING THE STAGE FOR NEW DINING VENUES AND AN ENTIRELY NEW CULINARY EXPERIENCE, INCLUDING 24/7 DINING. COMMUTER STUDENTS, FACULTY, STAFF AND VISITORS CAN PURCHASE MEALS DIRECTLY THROUGH THE UNIVERSITY'S FOOD SERVICE VENDOR. THE LYNN UNIVERSITY BOOKSTORE OFFERS TEXT AND OTHER TRADE BOOKS, SCHOOL-BRANDED CLOTHING AND ACCESSORIES, AS WELL AS VARIOUS OTHER SUPPLIES. 1657946 0 1816522 CLASSICAL MUSIC IS PROVIDED TO THE UNIVERSITY COMMUNITY AS WELL AS THE GENERAL PUBLIC BY STUDENTS AND FACULTY IN THE LYNN UNIVERSITY CONSERVATORY OF MUSIC. ADDITIONALLY, PROFESSIONAL ACTORS AND MUSICIANS PERFORM ON CAMPUS IN THE PERFORMING ARTS CENTER. MANY OPPORTUNITIES ARE PROVIDED IN THE REALM OF "IDEAS," THROUGH LECTURES AND COMMUNITY DISCOURSE. DURING THE SUMMER MONTHS BETWEEN ACADEMIC YEARS FOR TRADITIONAL COLLEGE STUDENTS, A PORTION OF THE UNIVERSITY'S EDUCATIONAL FACILITIES ARE USED TO PROVIDE INSTRUCTION TO A COMBINED ENROLLMENT OF APPROXIMATELY 1,500 CHILDREN ATTENDING THREE THREE-WEEK SUMMER CAMP SESSIONS AND TO GROUPS OF ADULTS ENROLLED IN SPECIAL EDUCATIONAL PROGRAMS. 1657946 0 1816522 67198179 true true false false false false true false true true true false false true true true false true false true false false false true false false false true true true false false false false false false true false true false true true false false false true false false false false true 2549 0 true 1203 true true true false false false false true true false false false false X 11 9 true false false false false false false true true false false true true true true true true true true false X Laurie Levine VP-Bus Fin 5612377181 3601 North Military Trail Boca Raton FL 33431 SEE SCHEDULE J FOR X X X X X 0 0 0 ARTHUR LANDGREN 40.00 0.00 X X 54600 0 0 CHRISTINE LYNN 2.00 0.00 X X 0 0 0 KEVIN ROSS 40.00 0.00 X X 405442 0 144949 STEPHEN SNYDER 2.00 0.00 X X 0 0 0 BILL SHUBIN 2.00 0.00 X 0 0 0 BRAD OSBORNE 2.00 0.00 X 0 0 0 JAN CARLSSON 2.00 0.00 X 0 0 0 JOHN LANGAN 2.00 0.00 X 0 0 0 PAUL ROBINO 2.00 0.00 X 0 0 0 VICTORIA RIXON 2.00 0.00 X 0 0 0 WILLIAM REHRIG 2.00 0.00 X 0 0 0 CHRISTIAN G BONIFORTI 40.00 0.00 X 157821 0 29041 GARETH FOWLES 40.00 0.00 X 158326 0 16092 GREG MALFITANO 40.00 0.00 X 239620 0 28504 GREGG COX 40.00 0.00 X 184454 0 27804 JASON WALTON 40.00 0.00 X 172621 0 29907 JUDITH NELSON 40.00 0.00 X 215574 0 13258 LAURIE LEVINE 40.00 0.00 X 207757 0 76736 MARGARET RUDDY 40.00 0.00 X 198551 0 12796 MICHELE MORRIS 40.00 0.00 X 158815 0 19016 PHILIP RIORDAN 40.00 0.00 X 146577 0 34850 DIANE DICERBO 40.00 0.00 X 178896 0 29371 MARSHA GLINES 40.00 0.00 X 156869 0 15589 MATTHEW CHALOUX 40.00 0.00 X 156374 0 30771 RALPH NORCIO 40.00 0.00 X 177011 0 14938 THOMAS KRUCZEK 40.00 0.00 X 164858 0 31141 3134166 0 554763 34 false true false GERRITTS CONSTRUCTION 8177 GLADES ROAD BOCA RATON FL 33434 GENERAL CONSTRUCTION 2525145 G4S SECURE SOLUTIONS (USA) INC (PREVIOUSLY WACKENHUT) 1395 UNIVERSITY BOULEVARD JUPITER FL 33458 SECURITY SERVICES 586153 GENSLER 2020 K STREET NW WASHINGTON DC 20006 ARCHITECTURAL SERVICES 541614 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 ENROLLMENT MANAGEMENT 204815 MULTI IMAGE GROUP 1701 CLINT MOORE ROAD BOCA RATON FL 33487 CORPORATE EVENT PLANNING 158420 12 60303 368230 11727063 597565 12155596 STUDENT TUITION AND RELATED FEES 611710 58682122 58682122 RESIDENCE HALL, ROOM AND BOARD FEES 611710 9159387 9159387 CAMP FEES 900099 1755335 1755335 BOOKSTORE SALES 451211 861485 861485 STUDENT ACTIVITY INCOME 611710 334494 334494 0 0 0 0 70792823 267200 3468 263732 0 0 484205 186618 297587 0 297587 297587 6534986 54900 6252337 204192 282649 -149292 133357 133357 45519 60303 23221 22298 22298 3670 3670 3670 0 COMMUNITY CULTURAL AFFAIRS 900099 263108 263108 OTHER 900099 61187 61187 0 0 0 0 0 324295 83996826 71117118 3468 720644 0 13764633 13764633 0 0 2336595 766788 1190306 379501 299111 37546 127665 133900 28053288 23765676 2930392 1357220 1361113 727195 567275 66643 6245833 4848566 961119 436148 2171350 1787152 258183 126015 0 0 64705 64705 138572 138572 0 0 415195 415195 1822610 1371382 212468 238760 1282824 813092 81560 388172 4014311 3501687 210339 302285 764681 136482 626167 2032 0 6124757 5425495 525797 173465 1105725 946768 78607 80350 0 119801 96068 20825 2908 894832 835146 39552 20134 0 4204849 3924386 185854 94609 336351 336351 PRESIDENTIAL DEBATE 1842196 1842196 STUDENT PROGRAMMING 813358 813358 BOOKSTORE-COST OF GOODS SOLD 646113 646113 STUDY TOURS/INSTRUCTIONAL FEES 428305 428305 3141962 2225990 195483 720489 82393070 67198179 10672260 4522631 0 12443 13530 11750596 16939004 2659825 2848496 450932 433778 0 0 2319294 2230055 538511 401841 1197145 1164965 145535256 72768006 67090838 72767250 7161943 6425601 19046296 21494189 0 0 150721 148393 112378544 124867102 3573759 5253241 6047100 9775011 32000309 35943317 0 130630 4293504 2532466 45914672 53634665 X 39585442 36868708 6601206 13375075 20277224 20988654 66463872 71232437 112378544 124867102 X 1603756 1787413 1377396 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41750 2134374 X X X false 21273849 711430 1229991 499305 553097 22162868 21131637 570480 -428268 21273849 19185356 774209 2098654 402223 524359 21131637 16992187 1264716 1151151 67698 155000 0 19185356 17767724 972502 -1748039 0 0 0 16992187 0.01130 0.94700 0.04170 false false 110000 1145045 1255045 90800844 40570055 50230789 0 28325886 24546614 3779272 25153481 7651337 17502144 72767250 0 0 ALTERNATIVE INVESTMENTS 21494189 F 21494189 0 ANNUITIES PAYABLE 26871 DEFERRED COMPENSATION PAYABLE 2505595 2532466 X Collections of art - description of collections Schedule D, Part III, Line 4 THE UNIVERSITY HAS A COLLECTION OF AFRICAN ART, DISPLAYED IN THE LIBRARY. THE COLLECTION OF AFRICAN ART INCLUDES SCULPTURES, CARVINGS AND TEXTILE ARTS, WHICH ARE DISPLAYED IN OPEN AREAS OF THE UNIVERSITY LIBRARY FOR THE ENJOYMENT OF THE PUBLIC. THE STUDY OF THESE PIECES IS INCORPORATED INTO COURSES IN ART HISTORY, ART APPRECIATION AND INTERCULTURAL STUDIES. Intended uses of endowment funds Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 45 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES, SCHOLARLY DEVELOPMENT, AND TO ENHANCE STUDENT LIFE ON CAMPUS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS, CLASSIFIED BY THE BOARD OF TRUSTEES, TO FUNCTION AS ENDOWMENTS AND TO FURTHER THESE GOALS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXATION AS DEFINED BY SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE FLORIDA NONPROFIT CORPORATION ACT. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("FASB ASC"). WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, NATIONALITY, ETHNIC ORIGIN, DISABILITY AND/OR AGE IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES, SCHOLARSHIPS AND LOAN PROGRAMS, ATHLETIC AND/OR OTHER SCHOOL ADMINISTERED PROGRAMS. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a U.S. DEPARTMENT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY, FEDERAL PERKINS LOAN, FEDERAL PELL GRANT, FEDERAL DIRECT STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANT, SMART GRANT, AND TEACH GRANT. FLORIDA DEPARTMENT OF EDUCATION: FLORIDA MINORITY TEACHER'S FUND, FLORIDA RESIDENT ACCESS GRANT, FLORIDA WORK EXPERIENCE PROGRAM, FLORIDA PRIVATE STUDENT ASSISTANCE GRANT AND FLORIDA BRIGHT FUTURES SCHOLARSHIP PROJECT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY TOURS 21900 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY TOURS 169125 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY TOURS 73490 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY TOURS 26500 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY TOURS 57659 0 0 348674 true false true false false false METHOD USED TO ACCOUNT FOR EXPENDITURES SCHEDULE F, PART I, LINE 3 THE UNIVERSITY ACCOUNTS FOR REVENUE AND EXPENDITURES ON THE ACCRUAL BASIS. DIRECT EXPENDITURES FOR STUDY TOURS ARE TRACKED SEPARATELY. DESCRIPTION OF STUDY ABROAD PROGRAM: LYNN UNIVERSITY OFFERS ITS STUDENTS A VARIETY OF STUDY ABROAD OPPORTUNITIES ALL AROUND THE WORLD. THESE PROGRAMS PROVIDE INTERCULTURAL AND HISTORICAL PERSPECTIVES, ENHANCING THE EDUCATIONAL MISSION OF THE SCHOOL. Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SOUTH AMERICA: ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SOUTH AMERICA: ACCRUAL SUB-SAHARAN AFRICA: ACCRUAL GOLF TOURNAMENT 72163 56805 15358 4200 7080 2887 1650 AUCTION 33659 3498 30161 2061 4253 1090 0 105822 60303 45519 0 4200 9141 7140 0 2740 23221 22298 true ATHLETIC SCHOLARSHIP AWARDS 139 3263162 0 N/A N/A ACADEMIC SCHOLARSHIP AWARDS 419 3185694 0 N/A N/A NEED BASED SCHOLARSHIP AWARDS 942 7315777 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE UNIVERSITY AWARDS GRANTS AND LOANS BASED ON A SCHOLARSHIP PROGRAM AND THE FEDERAL GOVERNMENT REQUIREMENTS FOR ALL PROGRAMS. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) MUST BE FILLED OUT AND ELIGIBLITY IS DETERMINED BASED ON THE INFORMATION PROVIDED. THE GRANT AWARDED IS CREDITED TO THEIR TUITION ACCOUNT AT LYNN UNIVERSITY. X X X true true X X X X X false true false false false false false true false KEVIN ROSS 311581 0 38475 0 55386 0 61073 0 83876 0 550391 0 0 0 GREG MALFITANO 227428 0 6798 0 5394 0 4721 0 23783 0 268124 0 0 0 LAURIE LEVINE 207095 0 0 0 662 0 48032 0 28704 0 284493 0 0 0 JASON WALTON 165823 0 6798 0 0 0 8505 0 21402 0 202528 0 0 0 CHRISTIAN G BONIFORTI 151023 0 6798 0 0 0 6711 0 22330 0 186862 0 0 0 PHILIP RIORDAN 146577 0 0 0 0 0 7893 0 26957 0 181427 0 0 0 JUDITH NELSON 215574 0 0 0 0 0 10740 0 2518 0 228832 0 0 0 MARGARET RUDDY 198551 0 0 0 0 0 10026 0 2770 0 211347 0 0 0 MICHELE MORRIS 158206 0 0 0 609 0 8148 0 10868 0 177831 0 0 0 DIANE DICERBO 178544 0 0 0 352 0 5865 0 23506 0 208267 0 0 0 RALPH NORCIO 176646 0 0 0 365 0 6077 0 8861 0 191949 0 0 0 MARSHA GLINES 156428 0 0 0 441 0 7355 0 8234 0 172458 0 0 0 MATTHEW CHALOUX 136078 0 0 0 20296 0 7234 0 23537 0 187145 0 0 0 GARETH FOWLES 157465 0 0 0 861 0 7942 0 8150 0 174418 0 0 0 GREGG COX 183884 0 0 0 570 0 9499 0 18305 0 212258 0 0 0 THOMAS KRUCZEK 164348 0 0 0 510 0 8500 0 22641 0 195999 0 0 0 Discretionary spending account Schedule J, Part I, Line 1a KEVIN ROSS HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND INCLUDED IN HIS TAXABLE COMPENSATION. Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY-OWNED HOUSING AS A CONDITION OF EMPLOYMENT. THE ANNUAL FAIR RENTAL VALUE OF THE HOUSING AND UTILITIES OF $65,606 IS INCLUDED IN THE PRESIDENT'S COMPENSATION AS A NONTAXABLE BENEFIT. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119. Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE UNIVERSITY PAYS FOR COUNTRY CLUB MEMBERSHIPS FOR THE PURPOSE OF FUNDRAISING AND DEVELOPMENT FOR KEVIN ROSS, PRESIDENT, AND GREG MALFITANO, SVP FOR ADMINISTRATION. FOR KEVIN ROSS IT WAS DETERMINED THAT $1,856 WAS RELATED TO PERSONAL USE, AND THEREFORE INCLUDED IN TAXABLE INCOME FOR THE YEAR. FOR GREG MALFITANO IT WAS DETERMINED THAT $2,636 WAS RELATED TO PERSONAL USE, AND THEREFORE INCLUDED IN TAXABLE INCOME FOR THE YEAR. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THE UNIVERSITY MAINTAINS A NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN FOR THE CURRENT PRESIDENT, DR. KEVIN M. ROSS, TO SUPPLEMENT THE RETIREMENT BENEFIT PROGRAM MAINTAINED BY THE UNIVERSITY, AND TO ENCOURAGE THE RETENTION OF THE PRESIDENT'S SERVICES FOR A SUBSTANTIAL PERIOD OF TIME. THE PLAN IS UNFUNDED, AND VESTS ON JULY 1, 2016, OR UPON DEATH OR DISABILITY OF THE PRESIDENT, CHANGE IN CONTROL OF THE UNIVERSITY OR EARLY TERMINATION OF THE PLAN. NO BENEFITS WERE PAID UNDER THE EXECUTIVE PLAN FOR THE YEAR. THE CHANGE IN ACTUARIAL VALUE FOR KEVIN ROSS WAS $45,042. THE UNIVERSITY MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO RECOGNIZE THE VITAL AND SUBSTANTIAL SERVICES RENDERED BY THE UNIVERSITY'S SENIOR EXECUTIVES, AND PROVIDE APPROPRIATE BENEFITS IN RECOGNITION OF LONG, CONTINUOUS SERVICE FOR THE BETTERMENT OF THE UNIVERSITY. THE SERP CONSTITUTES AN UNFUNDED PROMISE TO PAY, IN THE FUTURE, AN ANNUAL BENEFIT EQUAL TO A PERCENTAGE OF FINAL AVERAGE SALARY. PARTICIPANTS BECOME 100% VESTED UPON REACHING RETIREMENT AT THE AGE OF 65, ASSUMING CONTINUOUS SERVICE TO THE UNIVERSITY. IN THE EVENT OF CHANGE IN CONTROL OF THE UNIVERSITY, OR TERMINATION OF THE PLAN, PARTICIPANTS WILL RECEIVE A LUMP-SUM DISTRIBUTION EQUAL TO THE ACTUARIALLY DETERMINED VALUE OF THE PLAN BENEFIT. NO BENEFITS WERE PAID UNDER THE EXECUTIVE PLAN FOR THE YEAR. THE CHANGE IN ACTUARIAL VALUE FOR EACH INDIVIDUAL IS AS FOLLOWS: GREG MALFITANO $0 AND LAURIE LEVINE $37,000. Non-fixed payments Schedule J, Part I, Line 7 THE BOARD OF DIRECTORS HAS THE AUTHORITY TO APPROVE A BONUS FOR KEVIN ROSS. DURING THE YEAR, THE BOARD APPROVED AND PAID HIS BONUS IN THE AMOUNT OF $38,475. A PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2012-05-23 11077544 PURCHASE ENERGY CONSERVATION EQUIPMENT false false false B PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2013-06-19 25000000 REFINANCE PRIOR ISSUES AND FUND CONSTRUCTION PROJECTS false false false A 134227 0 11089961 0 0 0 64700 0 0 4192351 0 6832910 false false false true B 0 0 25000000 1300000 0 0 300709 0 0 0 19052561 4346730 true false false true A false false false false false false 0.0000 0.0000 0.0000 false false 0.0000 false false B false true false false false false 0.0003 0.0000 0.0003 false false 0.0000 false false A false true false false false false 0.0 false false false 0.0 false false false B false true false false true false 0 false false false 0 false false false A false B false PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS OF ISSUE REPORTED IN SCHEDULE K, PART II, LINE 3 FOR THE 2012 BOND ISSUE INCLUDES $12,417 OF INTEREST EARNINGS. WRITTEN PROCEDURES SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. WRITTEN PROCEDURES SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. WRITTEN PROCEDURES SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. NA N/A 94495 SCHOLARSHIPS TUITION ASSISTANCE DONALD ROSS PRESIDENT EMERITUS - FATHER TO K. ROSS 133900 COMPENSATION false DALE RIORDAN SPOUSE OF OFFICER - PHILIP RIORDAN 37546 SALARY AS LIBRARIAN false ALFREDO BONIFORTI FATHER OF OFFICER - CHRISTIAN BONIFORTI 127665 SALARY AS DIRECTOR OF PURCHASING false GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS SCHEDULE L, PART III AS PER IRS INSTRUCTIONS FOR FORM 990 SCHEDULE L, SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR ASSISTANCE. COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES. X 1 41750 OPINIONS OF EXPERTS X 8 380432 MARKET VALUE X CLAVICHORD 1 4000 OPINIONS OF EXPERTS X MANNIQUINS 1 7097 OPINIONS OF EXPERTS X GRAND PIANO 1 12000 OPINIONS OF EXPERTS X EQUIPMENT 1 29545 MARKET VALUE X KIOSKS 1 5000 MARKET VALUE X COMPUTERS 1 113975 MARKET VALUE X FURNITURE 1 3766 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=CLAVICHORD NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=MANNIQUINS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=GRAND PIANO NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III) AND WHOSE PRIMARY PURPOSES ARE EDUCATION; THE PRESERVATION, DISCOVERY, DISSEMINATION AND CREATIVE APPLICATION OF KNOWLEDGE; AND THE PREPARATION OF ITS GRADUATES WITH THE ACADEMIC FOUNDATION FOR LIFELONG LEARNING. SERVICE, SCHOLARLY ACTIVITY INCLUDING RESEARCH, AND ONGOING PROFESSIONAL DEVELOPMENT ALLOW THE FACULTY, IN CONJUNCTION WITH THE ENTIRE UNIVERSITY COMMUNITY, TO FULFILL ITS PURPOSES: FACILITATING LEARNING AND FOSTERING THE INTELLECTUAL LIFE OF THE UNIVERSITY. LYNN STRESSES INDIVIDUALIZED LEARNING, INNOVATIVE APPROACHES AND AN INTERNATIONAL FOCUS AMONG ITS STUDENTS AND FACULTY. THE UNIVERSITY OFFERS BACCALAUREATE, MASTER'S, AND DOCTORAL DEGREES AS WELL AS CERTIFICATE AND NON-CREDIT CONTINUING EDUCATION PROGRAMS. BREADTH, DEPTH, AND APPLICATION OF LEARNING ARE THE BASES FOR COMPETENCIES IN ALL PROGRAMS. GRADUATE CURRICULA PROMOTE ADVANCED OR EXPERT KNOWLEDGE AND SCHOLARSHIP. PROGRAMS ARE DELIVERED THROUGH A VARIETY OF VENUES, INCLUDING A TRADITIONAL RESIDENTIAL CAMPUS SETTING AND DISTANCE EDUCATION. PROGRAM ACCOMPLISHMENTS FORM 990, PART III, LINE 4A (CONTINUED FROM PART III) THE UNIVERSITY IS COMMITTED TO STUDENT-CENTERED LEARNING, WHERE FACULTY AND STAFF PROVIDE PERSONALIZED ATTENTION TO STUDENTS WHO HAVE VARYING LEVELS OF ACADEMIC PROFICIENCY AND ARE MOTIVATED TO EXCEL. A FULL RANGE OF ACADEMIC AND SUPPORT PROGRAMS ARE COORDINATED TO SERVE THE INCREASINGLY DIVERSE NEEDS OF UNDERGRADUATE AND GRADUATE STUDENTS. ADDITIONAL AND SPECIALIZED ACADEMIC SUPPORT SERVICES ARE OFFERED TO PROVIDE ACADEMIC ASSISTANCE TO HELP STUDENTS REMAIN IN COLLEGE AND GRADUATE. THESE SERVICES ARE OFFERED TO STUDENTS IN A VARIETY OF FORMS WITH A VARYING FEE SCHEDULE. AN ACADEMIC RESOURCE NAMED THE INSTITUTE FOR ACHIEVEMENT AND LEARNING IS AVAILABLE TO ALL STUDENTS, INCLUDING THOSE WITH DIAGNOSED LEARNING DIFFERENCES. MATH, COMPUTER AND OTHER SUBJECT-AREA TUTORS ASSIST STUDENTS. THE UNIVERSITY, SMALL BY DESIGN, PROVIDES AN ENVIRONMENT WITHIN AND OUTSIDE THE CLASSROOM IN WHICH A COMMUNITY OF LEARNERS CAN PURSUE ACADEMIC EXCELLENCE AND DEVELOP THEIR SKILLS AS RESPONSIBLE GLOBAL CITIZENS. FACULTY, STAFF AND STUDENTS CONTRIBUTE TO AN ATMOSPHERE THAT NURTURES CREATIVITY, FOSTERS ACHIEVEMENT, VALUES DIVERSITY AND ENCOURAGES VOLUNTARISM. EACH JAN. 12, ALL FACULTY, STAFF AND STUDENTS PERFORM COMMUNITY SERVICE DURING "KNIGHTS UNITE DAY OF CARING," A PROGRAM WHICH HONORS THE FOUR STUDENTS AND TWO PROFESSORS WHO DIED IN THE HAITI EARTHQUAKE IN 2010 WHILE PERFORMING COMMUNITY SERVICE. LYNN'S ACADEMIC CURRICULA AND PROGRAMS ARE STRUCTURED TO PROVIDE A BALANCE BETWEEN THE THEORETICAL AND THE PRACTICAL, ALONG WITH OPPORTUNITIES TO BECOME INVOLVED IN COMMUNITY-BASED ORGANIZATIONS AND INDUSTRIES. EDUCATION AND SERVICE ARE FULLY INTEGRATED TO MEET THE CHANGING NEEDS OF THE LOCAL AND GLOBAL COMMUNITY. THIS INTEGRATIVE DESIGN PREPARES OUR GRADUATES TO MEET THE DYNAMIC NEEDS OF THE EMERGING GLOBAL SOCIETY. A RIGOROUS, NEW CORE CURRICULUM-THE DIALOGUES OF LEARNING-WAS LAUNCHED IN FALL 2008. CORE COURSES ARE REQUIRED THROUGH ALL FOUR YEARS IN THE BACHELOR'S DEGREE PROGRAM. IN EACH CORE CLASS, FACULTY MEMBERS MEASURE STUDENT OUTCOMES IN COMPETENCY AREAS INCLUDING WRITING, QUANTITATIVE REASONING, AND SCIENTIFIC AND TECHNOLOGICAL LITERACY. PRESENTED IN SEMINAR RATHER THAN LECTURE FORMAT, THE CORE COURSES ARE ORGANIZED AROUND LIFE'S BIG QUESTIONS: DIALOGUES OF SELF AND SOCIETY, DIALOGUES OF BELIEF AND REASON, DIALOGUES OF JUSTICE AND CIVIC LIFE. EACH JANUARY, ALL STUDENTS ARE REQUIRED TO ATTEND A J-TERM COURSE. THOSE ARE FOCUSED ON INNOVATION AND OFFER INTENSE THREE-WEEK EXPERIENCES THAT INCLUDE TRAVEL, CIVIC ACTIVISM, AND OTHER CREATIVE APPROACHES TO LEARNING. ALL FRESHMEN ARE REQUIRED TO PARTICIPATE IN THE CITIZENSHIP PROJECT DURING THE J-TERM. IN FALL 2013, LYNN LAUNCHED ONE OF THE MOST EXTENSIVE TABLET-BASED LEARNING EFFORTS IN THE COUNTRY. THE AWARD-WINNING INITIATIVE USED APPLE TECHNOLOGY TO DELIVER THE DIALOGUES OF LEARNING CORE CURRICULUM TO ALL INCOMING FRESHMEN WHILE ALSO SAVING THEM UP TO 50 PERCENT ON THE TYPICAL COST OF THEIR CORE CURRICULUM TEXTBOOKS. EARLY RESULTS AND FEEDBACK FROM THE IPAD INITIATIVE HAVE BEEN SO POSITIVE THAT THE PROGRAM WILL ENTER PHASE II AND ACCELERATE THE INITIATIVE. LYNN WILL DISTRIBUTE IPADS TO ALL DAY UNDERCLASSMEN AS WELL AS EXPAND THE PROGRAM TO INCLUDE MBA STUDENTS IN FALL 2014. PROGRAM ACCOMPLISHMENTS FORM 990, PART III, LINE 4B (CONTINUED FROM PART III) SOCIAL ACTIVITIES INCLUDE GAME SHOWS, DANCES, COMEDIANS, LIVE MUSIC, INTERNATIONAL FESTIVALS, FILMS, POOL PARTIES, SPORTS DAYS, INTRAMURAL SPORTS, AWARD DINNERS AND NOVELTY ENTERTAINMENT. INDIVIDUAL INTERESTS RANGING FROM THE FINE ARTS TO PROFESSIONAL FOOTBALL, BASEBALL, BASKETBALL AND HOCKEY TO GOURMET DINING CAN BE FOUND IN SOUTH FLORIDA. LYNN UNIVERSITY HOLDS MEMBERSHIP IN THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION(NCAA), DIVISION II, AND THE SUNSHINE STATE ATHLETIC CONFERENCE. INTERCOLLEGIATE ATHLETIC PROGRAMS ARE OPEN TO ALL STUDENTS IN ACCORDANCE WITH NCAA AND INSTITUTIONAL ELIGIBILITY STANDARDS. INTERCOLLEGIATE TEAMS INCLUDE MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S GOLF, MEN'S AND WOMEN'S TENNIS, BASEBALL, SOFTBALL, WOMEN'S CROSS COUNTRY, MEN'S LACROSSE, WOMEN'S SWIMMING AND VOLLEYBALL. ALL STUDENT-ATHLETES ARE REQUIRED TO ATTEND SEMINARS ON SUBSTANCE ABUSE AND NCAA STANDARDS THROUGHOUT THE SCHOOL YEAR. IN 2012-13, 83 PERCENT OF THE STUDENT-ATHLETES EARNED A 3.00 GPA OR HIGHER; 62 PERCENT OF STUDENT-ATHLETES EARNED A 3.50 GPA OR HIGHER AND 10 PERCENT EARNED A PERFECT 4.00 GPA. THE ATHLETIC DEPARTMENT AS A WHOLE AVERAGED A SCHOOL-RECORD 3.408 GPA FOR THE ACADEMIC YEAR WHILE 12 OF THE 13 ATHLETIC PROGRAMS AVERAGED A 3.00 GPA AS A TEAM. SEVEN TEAMS POSTED A 3.50 GPA OR BETTER FOR THE ACADEMIC YEAR. THE WOMEN'S GOLF TEAM RECORDED A DEPARTMENT-HIGH 3.737 GPA WHILE THE MEN'S SOCCER TEAM HAD THE HIGHEST MEN'S TEAM AVERAGE AT 3.566. IN ADDITION, THE MEN'S SOCCER TEAM HAD THE HIGHEST GPA IN THE NATION AMONG ALL FOUR-YEAR NCAA INSTITUTIONS. IN ADDITION TO INTERCOLLEGIATE SPORTS, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN A WIDE RANGE OF INTRAMURAL PROGRAMS, INCLUDING BASKETBALL, FLAG FOOTBALL, SOFTBALL, TENNIS AND VOLLEYBALL. AT LEAST ONE REGISTERED NURSE OR PHYSICIAN'S ASSISTANT IS ON DUTY DURING DAYTIME HOURS IN THE HEALTH CENTER, AND WORKS IN CONJUNCTION WITH COMMUNITY MEDICAL SERVICES TO PROVIDE AMPLE HEALTH CARE. THE HEALTH CENTER PROVIDES TREATMENT FOR MINOR AILMENTS. WHEN FURTHER CARE IS NEEDED, REFERRALS ARE MADE TO LOCAL PHYSICIANS AND HEALTH CARE AGENCIES. ANOTHER HEALTH CENTER STAFF MEMBER ORGANIZES WELLNESS ACTIVITIES INCLUDING YOGA AND EXERCISE CLASSES AS WELL AS STUDENTS' STRENGTH TRAINING IN LYNN'S GYM. COUNSELING IS PROVIDED ON A PRIVATE OR GROUP BASIS, AND RECORDS ARE MAINTAINED IN STRICT CONFIDENCE BY THE DIRECTOR OF COUNSELING. STUDENTS ALSO ARE URGED TO CONSULT THEIR INDIVIDUAL INSTRUCTORS, RESIDENT ASSISTANTS, AND APPROPRIATE MEMBERS OF THE UNIVERSITY COMMUNITY, ALL OF WHOM ARE PROFESSIONALLY FOCUSED ON ASSISTING STUDENTS. IN ADDITION, ALCOHOL AND SUBSTANCE ABUSE LITERATURE AND REFERRAL SERVICES ARE CONTINUALLY AVAILABLE THROUGH THE COUNSELING CENTER. MULTICULTURAL AND WOMEN'S CENTERS PROVIDE PROGRAMMING AND COUNSELING SERVICES AS WELL. THE CENTER FOR CAREER DEVELOPMENT PROVIDES A VARIETY OF SERVICES TO ASSIST STUDENTS IN EVALUATING, CHOOSING AND PLANNING A CAREER. PROFESSIONAL STAFF AND CAREER COUNSELORS ARE AVAILABLE TO HELP STUDENTS SET THEIR CAREER GOALS, INVESTIGATE EMPLOYMENT OPPORTUNITIES AND INTERVIEW WITH COMPANIES FOR WHICH THEY WOULD LIKE TO WORK OR INTERN. A LIBRARY IN THE CENTER PROVIDES INFORMATION ABOUT A BROAD CROSS-SECTION OF EMPLOYERS, CAREERS, INTERNSHIP OPPORTUNITIES, SALARY SURVEYS, CORPORATE TRAINING PROGRAMS, CAREER AND ONLINE JOB OPPORTUNITIES. THE OFFICE OF SPIRITUAL AND RELIGIOUS LIFE AT LYNN UNIVERSITY IS CONCERNED WITH THE PERSONAL GROWTH OF ALL STUDENTS. THE UNIVERSITY SEEKS TO HELP ITS STUDENTS UNDERSTAND HOW SPIRITUALITY IS EXPERIENCED BY PEOPLE AND ENCOURAGES THEM TO SEEK A FITTING RESPONSE TO ITS PRESENCE IN THEIR LIVES. A LOVING CONCERN IS SHARED FOR STUDENTS OF ALL FAITHS, RESPECTING THEIR FREEDOM TO MAINTAIN AND EXPRESS THEIR OWN SPIRITUAL CONVICTIONS, AND FACILITATING ACCESS TO THEIR OWN SPIRITUAL LEADERS FOR WORSHIP, STUDY AND COUNSEL. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE EXECUTIVE COMMITTEE SHALL HAVE A MINIMUM OF THREE MEMBERS, ALL OF WHOM SHALL BE MEMBERS OF THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE CORPORATION EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER THESE BY-LAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR THE CORPORATION'S PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE CORPORATION, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 CHRISTINE LYNN AND JAN CARLSSON - BUSINESS RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b A DRAFT OF FORM 990 WAS REVIEWED BY CROWE HORWATH BASED ON AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY UNIVERSITY MANAGEMENT. FOLLOWING A REVIEW BY THE CFO AND DIRECTOR OF ACCOUNTING, MINOR REVISIONS WERE INCORPORATED INTO A REVISED DRAFT, WHICH WAS POSTED TO THE BOARD PORTAL PRIOR TO A GENERAL MEETING OF THE BOARD OF TRUSTEES. THE FORM 990 WAS PRESENTED TO THE FULL BOARD MEETING ON MARCH 13, 2014 PROVIDING THE TRUSTEES AN OPPORTUNITY TO REVIEW AND DISCUSS PRIOR TO FILING WITH IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c EACH YEAR, ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DISCLOSURE LETTER DETAILING ANY RELATIONSHIPS OR BUSINESS TRANSACTIONS WHERE A POTENTIAL CONFLICT MIGHT EXIST. THESE DISCLOSURES ARE REVIEWED BY THE CFO, AND THE CHIEF OF STAFF/BOARD LIAISON. IN THE EVENT OF A CONFLICT OF INTEREST, OR THE APPEARANCE OF ANY SUCH CONFLICT, IT IS INCUMBENT UPON THE RELEVANT BOARD MEMBER(S) OR DIRECTOR(S) TO NOTIFY THE BOARD OF THE CONFLICT AND RECUSE THEMSELVES FROM PARTICIPATION IN THE DISCUSSION AND VOTE REGARDING ANY RELATED ISSUES OR TRANSACTIONS. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PRESIDENT'S COMPENSATION AND BENEFIT PACKAGE IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THIS COMMITTEE EVALUATES PERFORMANCE AGAINST PRE-DETERMINED GOALS. IN ADDITION, THE BOARD UTILIZES AN OUTSIDE COMPENSATION EXPERT TO PROVIDE INDEPENDENT INFORMATION ABOUT INDUSTRY PRACTICES AND BENCHMARKING AMONG COMPARABLE ORGANIZATIONS, IN DETERMINING AN APPROPRIATE PERCENT INCREASE. THE FIRM ALSO PROVIDES INSIGHT REGARDING OTHER BENEFITS AND NON-CASH COMPENSATION. THE UNIVERSITY RETAINED AN OUTSIDE EXPERT TO DO A COMPENSATION STUDY OF ALL EMPLOYEES, INCLUDING OFFICERS OF THE ORGANIZATION. THIS COMPREHENSIVE STUDY WAS PERFORMED SIX YEARS AGO, AND WE RECEIVE ONGOING GUIDANCE REGARDING ANNUAL INCREASES. AS NEW POSITIONS ARE CREATED, OR MARKET CONDITIONS WARRANT, THIS EXPERT IS CONSULTED ON A CASE-BY-CASE BASIS. THE UNIVERSITY PROVIDES BENEFITS ACCORDING TO WRITTEN STANDARD POLICIES. IF ANY BENEFIT IS PROVIDED OUTSIDE OF THESE POLICIES, BOARD APPROVAL IS REQUIRED. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE REVIEWS OF ALL OFFICERS, BASED ON PRE-DETERMINED GOALS. HE THEN MAKES RECOMMENDATIONS REGARDING COMPENSATION TO THE CHAIR OF THE BOARD FOR APPROVAL. THE UNIVERSITY RETAINED AN OUTSIDE EXPERT TO DO A COMPENSATION STUDY OF ALL EMPLOYEES, INCLUDING OFFICERS OF THE ORGANIZATION. THIS COMPREHENSIVE STUDY WAS PERFORMED SIX YEARS AGO, AND WE RECEIVE ONGOING GUIDANCE REGARDING ANNUAL INCREASES. AS NEW POSITIONS ARE CREATED, OR MARKET CONDITIONS WARRANT, THIS EXPERT IS CONSULTED ON A CASE-BY-CASE BASIS. THE UNIVERSITY PROVIDES BENEFITS ACCORDING TO WRITTEN STANDARD POLICIES. IF ANY BENEFIT IS PROVIDED OUTSIDE OF THESE POLICIES, BOARD APPROVAL IS REQUIRED. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THEREFORE, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. THE CONFLICT OF INTEREST POLICY IS PROVIDED UPON REQUEST. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 GAIN (LOSS) - PENSION RELATED CHANGES - 837284; GAIN (LOSS) - DERIVATIVE - 542440; GAIN (LOSS) - CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - -2328; Number of contributions or items contributed. Schedule M, part I, column (b), Line other=KIOSKS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=COMPUTERS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=FURNITURE NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=CLAVICHORD NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=MANNIQUINS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=GRAND PIANO NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=KIOSKS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=COMPUTERS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=FURNITURE NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS SPLIT-INTEREST TRUST TRUST FL LYNN UNIVERSITY TRUST false false false false false false false false false false false false false false false false false false false