2014-05-14T07:40:59-05:00 2013-06-30 KPMG LLP 191 West Nationwide Blvd Ste 500 Columbus OH 432152568 990 2012-07-01 430654872 SAINT LOUIS UNIVERSITY % DAVID GRABE STLO 3149773920 221 NORTH GRAND BOULEVARD Suite ST LOUIS MO 631032006 DAVID HEIMBURGER 3149773920 2014-05-13 true 6142492300 2012 2015-11-30 17:44:51Z WILLIAM KAUFFMAN 221 NORTH GRAND BOULEVARD ST LOUIS MO 631032006 1257462717 false X WWW.SLU.EDU X 1818 MO TO SEEK EXCELLENCE IN TEACHING, RESEARCH, HEALTH CARE, AND SERVICE TO THE COMMUNITY AS GUIDED BY THE SPIRITUAL AND INTELLECTUAL IDEALS OF THE SOCIETY OF JESUS. 51 46 10281 200 916449 102303533 90213820 674967760 681792343 54356388 68146453 16239052 17942574 847866733 858095190 133237166 139918029 0 0 459725729 461739386 0 0 8255141 209146056 202056951 802108951 803714366 45757782 54380824 1908585291 1991799315 505756738 458723990 1402828553 1533075325 X THE MISSION OF SAINT LOUIS UNIVERSITY IS THE PURSUIT OF TRUTH FOR THE GREATER GLORY OF GOD AND FOR THE SERVICE OF HUMANITY. THE UNIVERSITY SEEKS EXCELLENCE IN THE FULFILLMENT OF ITS CORPORATE PURPOSES OF TEACHING, RESEARCH, HEALTH CARE AND SERVICE TO THE COMMUNITY. IT IS DEDICATED TO LEADERSHIP IN THE CONTINUING QUEST FOR UNDERSTANDING OF GOD'S CREATION AND FOR THE DISCOVERY, DISSEMINATION AND INTEGRATION OF THE VALUES, KNOWLEDGE AND SKILLS REQUIRED TO TRANSFORM SOCIETY IN THE SPIRIT OF THE GOSPELS. AS A CATHOLIC, JESUIT UNIVERSITY, THIS PURSUIT IS MOTIVATED BY THE INSPIRATION AND VALUES OF THE JUDEO-CHRISTIAN TRADITION AND IS GUIDED BY THE SPIRITUAL AND INTELLECTUAL IDEALS OF THE SOCIETY OF JESUS. false false 327095485 139590264 381136982 INSTRUCTION AND ACADEMIC SUPPORT - CREDIT AND NON-CREDIT COURSES FOR ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION, FOR REMEDIAL AND TUTORIAL INSTRUCTION, AND FOR REGULAR, SPECIAL AND EXTENSION SESSIONS. ACTIVITIES IN THIS CATEGORY INCLUDE support services SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, ACADEMIC ADMINISTRATION, ETC. 13,981 STUDENTS ENROLLED FOR 6/30/2013 FISCAL YEAR. 258639418 251488443 PATIENT CARE - The University operates physician practices staffed by the faculty of the university's school of medicine. The practices consist of more than 500 faculty physicians, 16 clinical departments and 50 locations in Missouri and Illinois. For the 6/30/13 fiscal year, there were more than 300,000 outpatient visits. 34247080 49166918 Auxiliary enterprises - Activities in this category exist to furnish goods or services to students, faculty or staff. These include residence halls, food services, intercollegiate athletics, parking and other such services. Campus residents totaled 3,507 for the 2012 fall semester and 3,234 for the 2013 spring semester. 131082835 327765 751064818 true true false true false false false true false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false true false true true true false false false true true true false false true 1051 0 true 10281 true true true true SP false false false false false false false false X 51 46 false false false false false false false true true false false true true true true true true true true true true X DAVID GRABE 3149773920 3545 LINDELL BLVD ST LOUIS MO 63103 X LAWRENCE BIONDI SJ 40.0 X X 0 0 0 JOSEPH P CONRAN 10.0 X 0 0 0 THOMAS H BROUSTER SR 10.0 X 0 0 0 J JOSEPH ADORJAN 10.0 X X 0 0 0 BARRY BERACHA 10.0 X 0 0 0 ALBERT C BLACK JR 10.0 X 0 0 0 WILLIAM A BLASE JR 10.0 X 0 0 0 GEORGE BRILL 10.0 X 0 0 0 RICHARD O BUHLER SJ 10.0 X 0 0 0 JAMES J BURSHEK SJ 10.0 X 0 0 0 RICHARD CHAIFETZ 10.0 X 0 0 0 W WINSTON CHAN 10.0 X 0 0 0 ROBERT G CLARK 10.0 X 0 0 0 JOHN M COOK 10.0 X 0 0 0 J DANIEL DALY SJ 10.0 X 0 0 0 GERALD E DANIELS 10.0 X 0 0 0 THOMAS DUNNE SR 10.0 X 0 0 0 LB ECKELKAMP JR 10.0 X 0 0 0 ROBERT N FOX 10.0 X 0 0 0 RICHARD T FISHER 10.0 X 0 0 0 ANNE GAGEN 10.0 X 0 0 0 SHAUN R HAYES 10.0 X 0 0 0 CHANG SOO HUH 10.0 X 0 0 0 EDWARD IGNACZAK 10.0 X 0 0 0 JOSEPH F IMBS III 10.0 X 0 0 0 DONN LUX 10.0 X 0 0 0 PAUL KALSBEEK 10.0 X 0 0 0 JAMES P KAVANAUGH 10.0 X 0 0 0 JAMES G KNAPP SJ 10.0 X 0 0 0 AL LITTEKEN 10.0 X 0 0 0 MARY V LONGRAIS 10.0 X 0 0 0 PAUL LORENZINI 10.0 X 0 0 0 MICHAEL STAENBERG 10.0 X 0 0 0 ROBERT MAY 10.0 X 0 0 0 VIRGINIA MCDOWELL 10.0 X 0 0 0 KEITH F MUCCINO SJ 10.0 X 0 0 0 ROBERT L NIEHOFF SJ 10.0 X 0 0 0 TONY A NOVELLY 10.0 X 0 0 0 FRANK O'DONNELL 10.0 X 0 0 0 ROBERT O'LOUGHLIN 10.0 X 0 0 0 KATHLEEN OSBORN 10.0 X 0 0 0 DAVID PEACOCK 10.0 X 0 0 0 G KEITH PHOENIX 10.0 X 0 0 0 JACKIE DRURY POLLVOGT 10.0 X 0 0 0 DANIEL A RODRIGUES 10.0 X 0 0 0 DAVID SINDELAR 10.0 X 0 0 0 REX A SINQUEFIELD 10.0 X 0 0 0 PATRICK J SLY 10.0 X X 0 0 0 JAMES T SMITH 10.0 X 0 0 0 MARTHA S UHLHORN 10.0 X 0 0 0 DANIEL P WHITE SJ 10.0 X 0 0 0 Philip O Alderson 40.0 X 612667 0 46009 Kathleen B Brady 40.0 X 252675 0 33229 DAVID F HEIMBURGER 40.0 X 264180 0 45619 Kenneth E Fleischmann 40.0 X 235096 0 31336 Jeffrey L Fowler 40.0 X 204881 0 44162 William R Kauffman 40.0 X 280552 0 40935 Kent T Porterfield 40.0 X 210979 43058 Manoj S Patankar 40.0 X 293104 0 46185 JAY W GOFF 40.0 X 242284 0 23536 Raymond C Tait 40.0 X 217789 0 45543 Gary L Whitworth 40.0 X 185522 0 26535 Scott W Fosko 40.0 X 887880 0 56324 CHARLES B HUDDLESTON 40.0 X 703090 0 37691 Michael A Graham 40.0 X 675006 0 48169 Andrew C Fiore 40.0 X 703090 0 49779 SALEEM I ABDULRAUF 40.0 X 631586 0 40667 6600381 0 658777 782 false true false Compass Group PO BOX 91337 CHICAGO IL 606930001 Food Service 7226982 CATALYST RX MS 4340 PO BOX 545 DEERFIELD IL 600150545 HEALTH CARE SERVICES 1592004 LAWRENCE GROUP 319 N 4TH STREET SUITE 1000 ST LOUIS MO 631021937 BUILDING DESIGN 1434933 SIT INVESTMENT ASSOCIATES 80 SOUTH EIGHTH STREET 3300 IDS CEN MINNEAPOLIS MN 554022206 Investment 1403426 XEROX CORPORATION PO BOX 201322 DALLAS TX 753201322 DOCUMENT MGMT 888785 93 38310575 51903245 3680496 90213820 NET PATIENT SERVICE REVENUE 900099 251488444 251488444 TUITION AND FEES 900099 381136982 381136982 OTHER PROGRAM SERVICE REVENUE 900099 48385931 48385931 PARKING 812930 419120 419120 WATER TOWER INN 721110 267649 267649 94217 94217 681792343 30466299 30466299 0 0 395326 442 394884 0 394884 394884 437047239 399367085 37680154 37680154 37680154 0 0 0 FICA REFUND 900099 1784266 1784266 PARTNERSHIP REVENUE 531390 135463 135463 OTHER REVENUE 900099 15627961 15627961 17547690 858095190 632625426 916449 134339495 0 139918029 139918029 0 0 3462523 1072752 2389771 0 0 381499381 353323013 23528888 4647480 24106693 22348899 1467859 289935 29622985 26373398 2713592 535995 23047804 21367221 1403383 277200 0 2064008 1913507 125677 24824 511300 474018 31133 6149 20706 19196 1261 249 0 14541796 13481449 885451 174896 0 4876969 4521354 296959 58656 51549664 47790804 3138864 619996 7557137 7006091 460155 90891 0 18386599 16970615 1182355 233629 12177337 11251076 773481 152780 0 1859596 1724000 113231 22365 10237072 10237072 0 0 0 33044591 28761667 3611392 671532 12373334 11471104 753414 148816 SUPPLIES 10802719 10703694 82692 16333 EQUIPMENT RENTAL AND MAINT. 10873113 10080276 662065 130772 BOOKS & SUBSCRIPTIONS 6397419 5930937 389539 76943 DUES & MEMBERSHIPS 2449128 2270545 149127 29456 2334463 2054101 234118 46244 803714366 751064818 44394407 8255141 73334244 70240057 4404113 24362158 34241336 34597439 88542491 55777500 0 0 0 0 37980902 37666509 324812 613116 8933825 9676412 957763171 395020501 549039135 562742670 758967506 798062244 285237634 327172138 10039052 10549675 0 0 57540241 60339397 1908585291 1991799315 54123992 63368807 0 0 36693741 33933329 262771092 255026874 0 0 0 0 -4512764 -4713030 -397569 -408535 157078246 111516545 505756738 458723990 X 1040224044 1141284473 99397621 119524174 263206888 272266678 1402828553 1533075325 1908585291 1991799315 X 54380824 75477138 388810 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 20707 false false 20707 false false LOBBYING EXPENSE PART II-B, LINE 1G University employees participated in meetings and phone calls with elected officials and their staff along with sending e-mails and letters to the offices of government officials. Additionally, expenditures were spent on travel and dues to professional associations. 220779 12976265 X false 852841749 32468224 105451039 5451827 28741268 553867 956014050 880250930 6172381 2056438 5554482 29512026 571492 852841749 708344573 46149776 153533580 5647631 21698593 430775 880250930 645799540 6138608 87671425 6096663 24710420 457917 708344573 879907934 3451824 -199364219 5748951 32003641 443407 645799540 0.63149 0.26854 0.09997 false false 62546976 491117 63038093 732785234 302215960 430569274 124216541 92804541 31412000 37723303 37723303 562742670 ALTERNATIVE INVESTMENTS 327172138 F 327172138 0 MEDICAL RESIDENTS FICA REFUND 26843 ANNUITY AND LIFE INCOME 10825039 HEFA INTEREST SWAP 34772350 SELF-INSURANCE LIABILITY 31943360 US GOV'T REFUNDABLE GRANTS 19399145 FUNDS HELD FOR OTHERS 399028 OTHER 7585044 ASSET RETIREMENT 6565736 111516545 X 810485678 75477137 18084038 93561175 716924503 141170687 141170687 858095190 680238907 17407402 17407402 662831505 140882861 140882861 803714366 PART X - FIN 48 DISCLOSURE The University is generally exempt from Federal income tax pursuant to Section 501(c)(3) of the Internal Revenue Code (the Code) and is a tax-exempt organization described in Sections 501(c)(3), 509(a)(I), and 170(b)(I)(A)(ii) of the Code. The Financial Accounting Standards Board issued guidance prescribing how an organization should recognize, measure, present, and disclose in its consolidated financial statements uncertain tax positions. The University adopted this guidance, which is included in Accounting Standards Codification Topic 740 (ASC 740) Income Taxes. This guidance addresses the determination of how tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. The University must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. As of June 30, 2013 and 2012, the University did not have a liability for unrecognized tax benefits. OTHER REVENUE INCLUDED ON THE AUDIT BUT NOT ON THE RETURN SCH. D, PART XI, LINE 2D Increase in permanently restricted assets 676,636 FOREIGN CURRENCY TRANSLATION ADJUSTMENT 579,550 Foreign entity revenue-Spain 16,827,410 RENTAL EXPENSE 442 ------------- TOTAL 18,084,038 OTHER REVENUE INCLUDED ON THE RETURN BUT NOT ON THE AUDIT SCH. D, PART XI, LINE 4B SCHOLARSHIPS & GRANTS NETTED WITH REVENUE (126,341,065) Decrease in temporarily rest. assets 287,826 Investment mgmt fees netted against revenue (14,541,796) ------------- TOTAL (141,170,687) OTHER EXPENSES INCLUDED ON THE AUDIT BUT NOT ON THE RETURN schedule d, PART XII, LINE 2D FOREIGN ENTITY EXPENSES -SPAIN 17,406,960 RENTAL EXPENSE 442 ------------- total 17,407,402 OTHER EXPENSES INCLUDED ON THE RETURN BUT NOT ON THE AUDIT SCH. D, PART XII, 4B scholarship & grants netted with revenue 126,341,065 investment mgmt fees netted against revenue 14,541,796 ------------- total 140,882,861 ORGANIZATIONS COLLECTIONS PART III LINE 4 The organization's collections included both donated and purchased items. Collections of art are capitalized at cost if purchased or at fair market value at date of gift. Collections of art are displayed prominently across campuses adding to the cultural and aesthetic value of the educational experience of students, faculty, staff and guests of the University. USE OF ENDOWMENT FUNDS PART V, QUESTION 4 The University has adopted investment and spending policies for endowment assets that will preserve and enhance the real (inflation-adjusted) purchasing power of the pooled endowment while providing an increasing stream of real funding for the annual University budget in the future. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity or for a donor-restricted period(s) as well as quasi endowment funds. Under this policy, the University will attempt to achieve the highest long-term investment return on investment assets that is compatible with the University's risk tolerance and time horizons consistent with prudent investment practices. true true true true true true true false false false false false false false false true false true Publication of Racial Nondiscriminatory Policy Schedule E, Line 3 The racially nondiscriminatory policy is publicized through various university bulletins and admissions brochures. SCHEDULE E - Explanation for Line 6A SCHEDULE E, Line 6A SAINT LOUIS UNIVERSITY RECEIVES GRANTS, CONTRACTS, AND COOPERATIVE AGREEMENTS FROM FEDERAL AGENCIES FOR ORGANIZED RESEARCH, INSTRUCTIONAL ACTIVITIES INCLUDING FELLOWSHIPS, AND OTHER SPONSORED ACTIVITIES. THE UNIVERSITY ALSO ADMINISTERS U.S. DEPARTMENT OF EDUCATION CAMPUS-BASED FINANCIAL AID PROGRAMS. Europe (Including Iceland and Greenland) Investments 36971077 Central America and the Caribbean Investments 3006029 East Asia and the Pacific Investments 9070733 Middle East and North Africa Investments 402291 North America Investments 1196341 Russia and the Newly Independent States Investments 144438 Europe (Including Iceland and Greenland) Program Services Study Abroad 222620 East Asia and the Pacific Program Services Study Abroad 156560 South America Program Services Study Abroad 55873 51225962 51225962 true false true true true true true Scholarships 10266 139918029 MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART I, QUESTION 2 Saint Louis University offers a number of institutional grants and scholarships. Each program has specific awarding criteria and individual rules for awarding set up in the Banner (ERP) system. Initially, awards are determined by the Office of Student Financial Services or the department administrators will determine and notify the Office of Student Financial Services. Awards are then posted accordingly and disbursed onto a student's account. Students registered in the Banner (ERP) system will be awarded and paid using the student information system disbursement rules. Controls are in place to monitor or designate if charges and resulting payment of aid is applicable to the type of program or fee by use of separate detail codes for each program. X false true X X false false false false false false false false false Philip O Alderson 607333 0 0 0 5334 0 30112 0 15897 0 658676 0 0 0 Kathleen B Brady 251664 0 0 0 1011 0 25000 0 8229 0 285904 0 0 0 DAVID F HEIMBURGER 263787 0 0 0 393 0 24710 0 20909 0 309799 0 0 0 Kenneth E Fleischmann 234178 0 0 0 918 0 23640 0 7696 0 266432 0 0 0 Jeffrey L Fowler 204081 0 0 0 800 0 21340 0 22822 0 249043 0 0 0 William R Kauffman 277123 0 0 0 3429 0 25000 0 15935 0 321487 0 0 0 Kent T Porterfield 210691 0 288 21840 21218 254037 0 Manoj S Patankar 292814 0 0 0 290 0 25000 0 21185 0 339289 0 0 0 JAY W GOFF 242044 0 0 0 240 0 2083 0 21453 0 265820 0 0 0 Raymond C Tait 216530 0 0 0 1259 0 44240 0 1303 0 263332 0 0 0 Gary L Whitworth 184814 0 0 0 708 0 18720 0 7815 0 212057 0 0 0 Scott W Fosko 744147 0 142767 0 966 0 31518 0 24806 0 944204 0 0 0 CHARLES B HUDDLESTON 693391 0 6927 0 2772 0 17500 0 20191 0 740781 0 0 0 Michael A Graham 657909 0 16603 0 494 0 25000 0 23169 0 723175 0 0 0 Andrew C Fiore 689026 0 11292 0 2772 0 25000 0 24779 0 752869 0 0 0 SALEEM I ABDULRAUF 613030 0 17926 0 630 0 25000 0 15667 0 672253 0 0 0 JESUIT FOOTNOTE SAINT LOUIS UNIVERSITY EMPLOYS SEVERAL JESUITS WHO ARE MEMBERS OF THE JESUIT COMMUNITY. THE JESUIT COMMUNITY IS A NOT-FOR-PROFIT CORPORATION, SEPARATE FROM SAINT LOUIS UNIVERSITY. THE JESUITS WHO ARE ON THE STAFF OF SAINT LOUIS UNIVERSITY, ALTHOUGH THEY ARE ACCOUNTED FOR WITHIN THE UNIVERSITY'S PAYROLL SYSTEM, ARE NOT PAID A SALARY. THE FUNDS ARE PAID DIRECTLY, IN A SINGLE MONTHLY CHECK, TO THE COMMUNITY. THE COMMUNITY PAYS FOR THE LIVING EXPENSES OF THE JESUITS, AS WELL AS THE MAINTENANCE OF THEIR RESIDENCE FACILITY. THE JESUITS ON THE STAFF OF SAINT LOUIS UNIVERISTY INCLUDE LAWRENCE BIONDI, S.J. AND PAUL STARK, S.J. Reimbursement of Personal Services Schedule J, PART I, LINE 1B There is no written policy for the payment or provision, of such services as they are not provided to anyone employed by the University, except for the chief executive officer (president) for whom a residence where he lives is provided on campus for his use and official university business and entertaining. A STATE OF MISSOURI HEALTH & EDUCATIONAL FACILITIES 431178966 606901P42 2003-07-29 20460000 SEE Schedule O false false false B STATE OF MISSOURI HEALTH & EDUCATIONAL FACILITIES 431178966 6069014R4 2008-09-02 71930000 SEE Schedule O false false false C STATE OF MISSOURI HEALTH & EDUCATIONAL FACILITIES 431178966 6069014PS 2008-09-02 99885000 SEE Schedule O false false false A 18395000 0 20506901 0 0 0 171996 34000 0 4987674 15313232 0 true false true true B 0 0 71930053 0 0 0 311806 16746 1501 0 71600000 0 true false true true C 8645000 0 99985070 0 0 0 435315 23254 1501 0 99425000 0 true false true true A false false true true true false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false true true true false 0.00000 0.00000 0.00000 false false false true C false false true true true false 0.00000 0.01000 0.01000 false false false true A false false false true true true See Schedule O 13.2 false false false 0 false true B false true true true true false 0 false 0 false true C false true true true true false 0 false 0 false true A true B true C true HUSCH BLACKWELL LLC SEE PART V 282500 SEE PART V false EXPRESS SCRIPTS SEE PART V 7419911 SEE PART V false US BANK SEE PART V 223714 SEE PART V false THE FLATS SEE PART V 297165 SEE PART V false MCCARTHY BUILDING CONSTRUCTION SEE PART V 5898060 SEE PART V false BUSINESS TRANSACTIONS involving INTERESTED PERSONS SCHEDULE L, PART IV All transactions listed on Schedule L, Part IV were compliant with the conflict of interest policy. Any transactions requiring Board approval were approved by an independent Board. Joseph P. Conran, TRUSTEE, WAS A PARTNER OF HUSCH BLACKWELL, LLC. During the year, the university incurred FEES FOR LEGAL SERVICES PROVIDED BY HUSCH BLACKWELL, LLC in the amount of $282,500. John M. Cook, TRUSTEE, WAS A 35% Owner of THE APARTMENT COMPLEX CALLED "THE FLATS." DURING THE YEAR, THE UNIVERSITY MANAGED THE FLATS AND RECEIVED MANAGEMENT FEES In the amount of $297,165. GERALD E. DANIELS, TRUSTEE, WAS THE DIRECTOR OF MCCARTHY BUILDING CONSTRUCTION, WHICH PROVIDED CONSTRUCTION SERVICES TO THE UNIVERSITY IN THE AMOUNT OF $5,898,060. EDWARD IGNACZAK, TRUSTEE, held the position of SALES AND MARKETING EVP OF EXPRESS SCRIPTS, WHICH PROVIDED ADVERTISING SERVICES TO THE UNIVERSITY IN THE AMOUNT OF $7,419,911. JOSEPH F. IMBS III, TRUSTEE, HELD THE POSITION OF PRESIDENT AND REGIONAL CHAIRMAN OF U.S. BANK. DURING THE YEAR, THE UNIVERSITY INCURRED BANK SERVICE FEES FOR VARIOUS UNIVERSITY BANK ACCOUNTS AT U.S. BANK IN THE AMOUNT OF $223,714. X 14 156857 FMV X 81361 FMV X 84099 FMV X 1 1900 FMV X 105 2409585 FMV X 2 474736 FMV X 13 1712 FMV X 25 4687 FMV X 4 377654 FMV X Gift Certificates 225 63573 FMV X Tickets 50 10211 FMV X Lodging 20 14121 FMV 3 false true false Program Services Part III, line 4d Expenses Grants Revenue Research $28,829,871 $88,721 $0 Other Program Services* $102,252,964 $239,044 $0 *Other program services are comprised of public service, student services, institutional support, and plant operation and maintenance. REVIEW OF IRS 990 PART VI, SECTION B, LINE 11B First the return is reviewed in the Business and Finance division by the Director of Accounting and Financial Reporting, the Assistant Vice President and Controller, and the VP & Chief Financial Officer. Then the return is sent to the Audit Committee for their review and made available for review by all Board members prior to submission to the IRS. Conflict of Interest Policy Part VI, Section B, Line 12c Annual Conflict of Interest statements from the Board of Directors are received through the Audit Committee, reporting any changes as they occur from time to time. Compensation of President, Officers, and Key Employees Part VI, Section B, Question 15 Compensation for the university president, officers and key employees is established by a process that includes the review and approval by the compensation committee of the University Board of Trustees; the use of comparability data and contemporaneous documentation, and contemporaneous recordkeeping. The committee consists of the chair of the Board of Trustees, the chair of the finance committee, the chair of the human resources committee and the president of the university. The president does not participate in the setting/review of his compensation; hence, all decisions are made by independent persons without a conflict of interest with respect to the compensation arrangements at issue. Compensation reviewed included the president, all vice presidents (officers) and deans of the university schools/colleges and the top 100 other employees. Financial Statements, Governing Documents, and Conflict of Interest Policy Part VI, Section C, Line 19 THE Organization does not make its governing documents (by-laws) available to the public. However, the Conflict of Interest Policy and the annual financial audit are available upon request. reconciliation of change in net assets Form 990, Part XI, Line 9 INCREASE IN PERMANENTLY RESTRICTED ASSETS 676,636 DECREASE IN TEMPORARILY RESTRICTED ASSETS (287,826) ------------- TOTAL 388,810 Schedule K Explanations SCHEDULE K, Part VI Part I, Line A, Column f: This was a multi-purpose issue. The Series 2003A Bonds were issued (1) to current refund the 1993 Bonds issued for the benefit of Saint Louis University ("SLU") on 10/20/1993 (the "Series 1993 Bonds") (see Part II, Line 11, Column A) and (2) to provide funds for construction of SLU facilities (see Part II, Line 10, Column A). Part I, Line B, Column f: The Series 2008A Bonds were issued to current refund the 2005A Bonds issued for the benefit of SLU on 09/08/2005 (the "Series 2005 Bonds"). Part I, Line C, Column f: The Series 2008B Bonds were issued to current refund the 2006A Bonds issued for the benefit of SLU on 10/26/2006 (the "Series 2006 Bonds"). Part II, Line 3: The difference between the respective issue prices of the Series 2003A Bonds, the Series 2008A Bonds and the Series 2008B Bonds listed on Part I, Column (e) and the amounts listed on Part II, Line 3 is investment earnings. Part II, Line 9, Column B: After SLU allocated the proceeds of the Series 2008A Bonds to the refunding of the Series 2005 Bonds and had paid all associated costs of issuance, $1,500.93 of Series 2008A Bond proceeds remained. This amount was used in part to pay for a rebate report that was computed on 3/2/2009 and in part to pay interest on the Series 2008A Bonds. Part II, Line 9, Column C: After SLU allocated the proceeds of the Series 2008B Bonds to the refunding of the Series 2006 Bonds and had paid all associated costs of issuance, $1,500.99 of Series 2008B Bond proceeds remained. This amount was used in part to pay for a rebate report that was computed on 3/2/2009 and in part to pay interest on the Series 2008B Bonds. Part II, Line 11, Column A: Proceeds of the Series 2003A Bonds in the amount of $15,313,231.54 were used to refund the Series 1993 Bonds. Part II, Line 11, Column B: Proceeds of the Series 2008A Bonds in the amount of $71,600,000.00 were used to refund the Series 2005 Bonds. Part II, Line 11, Column C: Proceeds of the Series 2008B Bonds in the amount of $99,425,000.00 were used to refund the Series 2006 Bonds. Part II, Line 13, Column A and Part III, Column A Generally: $15,313,231.54 of Series 2003A Bond proceeds were used to refund the Series 1993 Bonds, which were issued prior to 1/1/2003. Accordingly, in Part III, Column A, SLU is not reporting on projects financed by the Series 1993 Bonds. The balance of the Series 2003A Bond proceeds were used to finance costs of Doisy Research Center and Chaifetz Arena, each placed in service in 2008. SLU is reporting on these projects in Part III, Column A. Part II, Line 13, Column B and Part III, Column B Generally: All Series 2008A Bond proceeds were used to refund Series 2005 Bonds. $7,107,304 of Series 2005 Bond proceeds were used to refund Series 1998 Bonds, issued prior to 1/1/2003. Accordingly, in Part III, Column B, SLU is not reporting on projects financed by the Series 1998 Bonds. $1,434,028 of Series 2005 Bonds refunded a portion of Series 2003A Bonds reported in Column A. Series 2005 Bonds directly financed a portion of the cost of the following projects: Asset Placed in Service Date Doisy Research Facility 2008 MS Labs 2007 Macelwane Hall Renovation 2008 Marchetti Hall Renovation [elevator] 2008 Chaifetz Arena 2008 O'Neal Hall Renovation [elevator] 2008 Grand Forest Hall Renovation [fire protection] 2008 DuBourg 4th Floor Renovation 2008 3715 Laclede 2009 Balance of costs funded from proceeds of Series 2003A Bonds (Doisy Research Facility and Chaifetz Area only) and other available funds not derived from tax-exempt bonds. Part II, Line 13, Column C and Part III, Column C Generally: All Series 2008B Bond proceeds were used to refund Series 2006 Bonds. $43,769,016 of Series 2006 Bond proceeds were used to refund Series 1996 Bonds, issued prior to 1/1/2003. Accordingly, in Part III, Column B, SLU is not reporting on projects financed by the Series 1996 Bonds. $3,600,000 of Series 2006 Bonds refunded a portion of Series 2003A Bonds reported in Column A. Series 2006 Bonds directly financed a portion of the cost of the following projects: Asset Placed in Service Date Chaifetz Arena 2008 Macelwane Hall Renovation 2008 Walsh/Clemens Hall Renovation 2008 Marchetti Hall Renovation [elevator] 2008 O'Neal Hall Renovation [elevator] 2008 DuBourg Hall Renovation [4th floor] 2008 Grand Forest Hall Renovation [fire protection] 2008 Doisy Research Center 2008 Marchetti Upgrade 2009 Recreation Center 2008 Forest Pharm Renovation 2009 Balance of costs funded from proceeds of Series 2003A Bonds (Chaifetz Area only) and other available funds not derived from tax-exempt bonds. Part III, Line 3a, Columns A, B and C: Management and service agreements in force during tax year relating to bond financed space are not treated as resulting in private business use per Regulations 1.141-3(b)(4)(iii) and Revenue Procedure 97-13. Part III, Line 3c, Columns A, B and C: Research agreements in force during tax year relating to work performed in space allocable to portion of facilities financed by Series 2003A Bonds, Series 2005 Bonds and Series 2006 Bonds are not treated as resulting in nonqualified use per Regulations 1.141-3(b)(6) and Revenue Procedure 2007-47. Part III, Line 3d, Columns A, B and C: Research agreements in place at Doisy Research Center are monitored and tracked for compliance purposes throughout the year by SLU. In the event SLU has questions concerning research agreements, guidance is sought from bond counsel. Part III, Lines 5 and 6, Column C: SLU used approximately $2,000,000 of the proceeds of the $99,425,000 bond issue to refinance bonds the proceeds of which were used along with other available funds to construct a student recreation center. During the tax year less than 5% of the recreation center revenues were derived from an unrelated trade or business. This unrelated trade or business use, measured as a percentage of the bonds would be approximate 1/10th of 1% of bond proceeds during the tax year. Part IV, Line 2, Column A: Rebate computation performed as of 7/1/2007; rebate analyst provided opinion that no further rebate computations would be required, so long as the debt service fund qualified as a bona fide debt service fund in each bond year. Part IV, Line 2, Column B: Rebate computation performed as of 3/2/2009; rebate analyst provided opinion that no further rebate computations would be required, so long as the debt service fund qualified as a bona fide debt service fund in each bond year. Part IV, Line 2, Column C: Rebate computation performed as of 3/2/2009; rebate analyst provided opinion that no further rebate computations would be required, so long as the debt service fund qualified as a bona fide debt service fund in each bond year. Part IV, Line 4b, Column A: Bear Stearns Financial Products Inc. assigned to J.P. Morgan on June 1, 2008. Part IV, Line 4c, Column A: The term of the hedge is approximately 13.2 years; from 7/29/2003 to 10/1/2016. Part V: SLU adopted written tax compliance procedures on May 4, 2013. These written tax compliance procedures addressed both (a) post-issuance tax compliance and (b) remediation of nonqualified bonds (including utilization of the voluntary closing agreement program). 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