2014-05-14T12:49:48-05:00 2013-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2012-07-01 381366958 SIENA HEIGHTS UNIVERSITY SIEN 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 LEE JOHNSON PHD CPA 5172647108 2014-05-08 1 VICKI L VANDENBERG CPA P00100422 2695674500 2012 2015-11-30 17:44:51Z SR PEG ALBERT OP PHD 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 65087692 0 X WWW.SIENAHEIGHTS.EDU X 1919 MI TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITH THE PURPOSE OF ASSISTING PEOPLE IN BECOMING MORE COMPETENT, PURPOSEFUL AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 34 29 1279 43 56888 0 13603733 7979362 36222927 37514893 136306 1226295 137363 355459 50100329 47076009 14118543 14795854 0 0 17904578 19595268 3200 3206 871515 10235788 11519684 42262109 45914012 7838220 1161997 54729282 61314304 19415031 24469876 35314251 36844428 THE MISSION OF SIENA HEIGHTS UNIVERSITY, A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE ADRIAN DOMINICAN SISTERS, IS TO ASSIST PEOPLE TO BECOME MORE COMPETENT, PURPOSEFUL, AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 0 0 39708310 14795854 37468051 SIENA HEIGHTS UNIVERSITY IS A MICHIGAN PRIVATE NON-PROFIT CORPORATION FOR POSTSECONDARY EDUCATION. THE UNIVERSITY PROVIDES EDUCATION WITH A MAIN CAMPUS, SATELLITE CAMPUSES, AND ONLINE FOR BOTH TRADITIONAL AND NONTRADITIONAL STUDENTS OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. THE MAIN CAMPUS ALSO OFFERS AUXILIARY SERVICES IN THE FORM OF HOUSING, MEAL PLANS, AND BOOKSTORE SERVICES. THE UNIVERSITY IS PRIMARILY SUPPORTED THROUGH TUITION, FEDERAL AND STATE GRANTS, AND CONTRIBUTIONS FOR OPERATIONS AND SCHOLARSHIPS. 39708310 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 1 3805 0 1 1279 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 29 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X J LEE JOHNSON PHD CPA 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 SR PEG ALBERT OP PHD 40.00 0.00 X X 202850 0 56537 BETTY CUMMINGS 1.00 0.00 X 0 0 0 MICHAEL DAWSON MD 1.00 0.00 X 0 0 0 JAMES EBBITT 1.00 0.00 X 0 0 0 SR MARIANE FAHLAMN OP PHD 1.00 0.00 X 0 0 0 MICHAEL FARVER 1.00 0.00 X 0 0 0 MAURICIO FIGUEIREDO 1.00 0.00 X 0 0 0 JUDITH FRANCOEUR 1.00 0.00 X 0 0 0 STEVEN FUTRELL 1.00 0.00 X 0 0 0 MICHELE GARDNER MD 1.00 0.00 X 0 0 0 RICHARD HALLER 1.00 0.00 X 0 0 0 JOHN HERN JR 1.00 0.00 X 0 0 0 SCOTT HILL 1.00 0.00 X X 0 0 0 JAMES HUGHES 1.00 0.00 X 0 0 0 SR CANDACE INTROCASO CDP PHD 1.00 0.00 X 0 0 0 FRANK JOHNSON 1.00 0.00 X X 0 0 0 MICHAEL L KAPNICK 1.00 0.00 X 0 0 0 JOHN LABRIOLA 1.00 0.00 X 18547 0 0 MAJOR RUTH LAFONTAINE 1.00 0.00 X 0 0 0 DAVID E MAXWELL 1.00 0.00 X 0 0 0 DAVID G MENGEBIER 1.00 0.00 X 0 0 0 SR FRANCES NADOLNY OP PHD 1.00 40.00 X 0 0 0 HONORABLE MARGARET MS NOE 1.00 0.00 X X 4081 0 0 LISA OBERLIN 1.00 0.00 X 0 0 0 MARY JO POTTER 1.00 0.00 X 0 0 0 JAMIE T RICHARDSON 1.00 0.00 X 0 0 0 DAVID RICHMOND 1.00 0.00 X 0 0 0 IQBAL ROSHD 1.00 0.00 X 0 0 0 IGNACIO SALAZAR 1.00 0.00 X 0 0 0 SR CORINNE SANDERS OP EDD 1.00 40.00 X 0 0 0 KRIS SCHMIDT 1.00 0.00 X 0 0 0 SR ANNELIESE SINNOTT OP PHD 1.00 0.00 X 0 0 0 SR MARY SOHER OP 1.00 0.00 X 0 0 0 SR JOAN MARIE WEITHMAN OP 1.00 0.00 X 0 0 0 J LEE JOHNSON PHD CPA 40.00 0.00 X 131638 0 33582 MITCHELL BLONDE 40.00 0.00 X 134140 0 21726 SHARON WEBER OP 40.00 0.00 X 105131 0 20661 PATRICK PALMER 40.00 0.00 X 100697 0 33236 697084 0 165742 5 0 1 0 ADRIAN MECHANICAL SERVICES 953 W BEECHER ST ADRIAN MI 49221 HVAC 1403756 CHARTWELLSCOMPASS GROUP PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 1389676 SLUSARSKI EXCAVATING & PAVING 119 GREENLY ST ADRIAN MI 49221 EXCAVATING & PAVING SERVICES 818945 VALLEY INTERIOR SYSTEMS INC 2203 FOWLER ST CINCINNATI OH 45206 CONTRUCTION 674956 MB ELECTRIC LLC 1155 W BEECHER ST ADRIAN MI 49221 ELECTRICAL 189481 10 24300 37920 6718423 1198719 46376 7979362 TUITION AND FEES 611710 33252089 33252089 AUXILIARY 611710 4165776 4165776 CONFERENCES & CAMPS 721210 97028 40140 56888 37514893 275152 275152 10046 0 10046 10046 10046 18827407 17876264 951143 951143 951143 31203 24300 30247 956 956 117933 105172 12761 12761 MISCELLANEOUS 900099 331696 331696 331696 47076009 37468051 56888 1571708 14795854 14795854 857993 99686 450181 308126 13669582 11935315 1431573 302694 736051 616095 119286 670 3259034 2685487 573547 1072608 897125 174470 1013 83089 83089 69375 69375 20883 20883 3206 3206 47772 47772 2576871 1735133 841738 277871 225083 50950 1838 303736 226160 67931 9645 107003 73710 7013 26280 4366 4366 1569865 1263452 280858 25555 345256 258728 48620 37908 463051 454461 8590 1732189 1392469 291161 48559 435313 268302 156845 10166 ACTIVITIES 1386278 1249018 101986 35274 DUES AND SUBSCRIPTIONS 282720 141052 133710 7958 BAD DEBT 250000 250000 REPAIRS AND MAINTENANCE 159551 144492 11721 3338 1404495 1242322 121478 40695 45914012 39708310 5334187 871515 2092751 394486 7470880 5627434 1207642 1310476 54064 196397 1261714 943948 65169280 21656484 34586821 43512796 7820061 8837462 235349 491305 54729282 61314304 2522733 3374136 1467860 1561387 13571392 17978544 974877 935989 878169 619820 19415031 24469876 X 20067790 26745229 8696433 3392682 6550028 6706517 35314251 36844428 54729282 61314304 X 1161997 -237198 605378 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 20883 20883 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE MWW GROUP, INC. 1 MEADOWLANDS PLAZA, EAST RUTHERFORD, NEW JERSEY 07073 $20,833 RETAINER FEE $50 MISCELLANEOUS EXPENSES 7958387 156489 1014000 353828 34534 32951 8707563 8273882 181646 -163453 331191 2497 7958387 6818538 326693 1204017 1158 74208 8273882 5826019 208974 794605 11060 6818538 7660809 142172 -1543115 -419404 -14443 5826019 0.00000 0.77020 0.22980 0 0 1650 1129651 1131301 315519 35193629 10688975 24820173 600839 600839 18407693 10967509 7440184 40680 9479619 9520299 43512796 ANNUITIES PAYABLE 27910 CONDITIONAL ASSET RETIREMENT OBLIGATION 168168 FAIR VALUE OF INTEREST RATE SWAP 399742 RELATED PARTY MORTGAGE 24000 619820 X 32791085 -237198 7331 605378 375511 32415574 14660435 14660435 47076009 31260908 7331 135419 142750 31118158 14795854 14795854 45914012 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THIS ENDOWMENT IS USED BY THE ORGANIZATION TO PROVIDE SCHOLARSHIPS TO WORTHY INDIVIDUALS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED THAT AS OF JUNE 30, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 244,736. CHANGE IN FAIR VALUE OF PLEDGES RECEIVABLE 360,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 14,795,854. FUNDRAISING EXPENSES -30,247. GAMING EXPENSE -105,172. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 30,247. GAMING EXPENSE 105,172. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 14,795,854. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLICIZED ON ADMISSIONS BROCHURES AND COURSE CATALOGS, AS WELL AS ON THE UNIVERSITY'S WEBSITE WHICH IS AVAILABLE TO THE PUBLIC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SIENA HEIGHTS UNIVERSITY RECEIVES FEDERAL FUNDS FOR FINANCIAL AID FOR ITS STUDENTS AND TRIO PROGRAM FUNDS FOR THREE FEDERAL PROGRAMS. SUMMER SPECTACULAR EVENT SCHOLARSHI 55503 24300 31203 1658 3789 13482 2964 8354 55503 24300 31203 1658 3789 13482 2964 8354 30247 956 117933 91617 13155 400 1 1.00000 117933 91617 13155 400 105172 12761 MI 1 0 0 0 1.00000 LAURA KLUTSARITS 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 1 117933 13155 SNOOKERS POOL & PUB 45100 NORTHPOINTE BLVD UTICE MI 48315 LAURA KLUTSARITS 0 FILES PAPERWORK AND OVERSEES EVENT X 0 1 SCHOLARSHIP - TUITION/BOOKS 2086 14795854 N/A N/A X X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SR PEG ALBERT OP PHD 177850 0 25000 0 0 0 0 0 56537 0 259387 0 0 0 J LEE JOHNSON PHD CPA 131638 0 0 0 0 0 0 0 33582 0 165220 0 0 0 MITCHELL BLONDE 118776 0 15364 0 0 0 0 0 21726 0 155866 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY LIVES IN A HOUSE THAT IS OWNED BY THE UNIVERSITY. ALL EXPENSES, INCLUDING UTILITIES AND HOUSEKEEPING, ARE PAID BY THE UNIVERSITY. THE PRESIDENT IS TAX-EXEMPT DUE TO HER RELIGIOUS STATUS. LEE JOHNSON AND MITCH BLONDE RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THAT WERE TREATED AS TAXABLE COMPENSATION. THE UNIVERSITY PAID FOR A MEMBERSHIP TO ADRIAN COUNTRY CLUB FOR MITCHE BLONDE. THE MEMBERSHIP WAS USED FOR BUSINESS ONLY, THEREFORE IT WAS NOT TREATED AS TAXABLE COMPENSATION. A ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE 521302758 526010ADF 2009-04-28 8700000 TO FINANCE REFUNDING FOR SERIES 2006 BONDS 0 0 0 B ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE 521302758 2010-12-21 15434000 CONSTRUCTION 0 0 0 A 8700000 273375 8426625 2009 1 0 1 1 B 10303544 289650 10303544 2013 0 0 0 1 A 0 0 0 0 1 0 1 B 0 1 1 1 0 0.01000 0.01000 1 0 1 A 0 1 0 0 1 1 FIRST AMERICAN BANK 10.000000000000 0 0 0 0 1 B 0 1 0 0 1 1 PNC BANK 6.500000000000 0 0 0 0 1 A 1 B 1 KRIEGHOFF LENAWEE COMPANIES TRUSTEE 1194507 SCOTT HILL IS A STOCKHOLDER OF KRIEGHOFF LENAWEE COMPANIES. KRIEGHOFF LENAWEE PROVIDED CONSTRUCTION SERVICES FOR THE ORGANIZATION. 0 CONSUMERS ENERGY TRUSTEE 445192 DAVID MENGEBIER IS A SR. VP GOVERNMENTAL & PUBLIC AFFAIRS OF CONSUMERS ENERGY CO. THE ORGANIZATION ENTERED INTO A CONTRACT WITH CONSUMERS ENERGY CO. 0 KAPNICK INSURANCE TRUSTEE 163571 MIKE KAPNICK THE CFO/COO OF KAPNICK INSURANCE GROUP. KAPNICK INSURANCE PROVIDES INSURANCE AND FLEX SPENDING SERVICES. 0 SISTER FRANCES NADOLNY OP PHD TRUSTEE 0 SISTER FRANCES IS THE CHAPTER PRIORESS OF THE GREAT LAKES DOMINICAN MISSION CHAPTER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER FRANCES IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 CINDY HILL WIFE OF SCOTT HILL, TRUSTEE 33374 CINDY HILL RECEIVED COMPENSATION AS THE WOMEN'S LACROSSE COACH. 0 SISTER JOAN MARIE WEITHMAN OP TRUSTEE 0 SISTER JOAN MARIE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER JOAN MARIE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER ANNELIESE SINNOTT OP PHD TRUSTEE 0 SISTER ANNELIESE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER ANNELIESE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER PEG ALBERT OP PHD SISTER PEG IS THE PRESIDENT OF THE UNIVERSITY 0 SISTER PEG IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER PEG IS PAID A SALARY WHICH IS GIVEN DIRECTLY TO THE ADRIAN DOMINICAN SISTERS. SHE IS THEN PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER MARIANE FAHLMAN OP PHD TRUSTEE 0 SISTER MARIANE IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER MARIANE IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER CORINNE SANDERS OP EDD TRUSTEE 0 SISTER CORINNE IS ON THE GENERAL COUNCIL OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER CORINNE IS PAID A SALARY BY THE ADRIAN DOMINICAN SISTERS. 0 SISTER MARY SOHER OP TRUSTEE 0 SISTER MARY IS A MEMBER OF THE ADRIAN DOMINICAN SISTERS CONGREGATION. SISTER MARY IS PROVIDED WITH A STIPEND TO COVER HER BASIC LIVING EXPENSES BY THE ADRIAN DOMINICAN SISTERS. 0 X 250 FAIR MARKET VALUE X FUNDRAISING AUCTION MATERIALS/SUPPLIES 215 27349 FAIR MARKET VALUE X LAWN, MECHANICAL, LOCKER DELIVERY 5 12929 FAIR MARKET VALUE X ATHLETIC EQUIPMENT 5 5848 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SCOTT HILL HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS: SR. CORINNE SANDERS, OP, ED.D., MIKE KAPNICK AND MICHAEL FARVER. KRIS SCHMIDT AND MIKE KAPNICK HAVE A BUSINESS RELATIONSHIP. IGNACIO SALAZAR AND STEVE FUTRELL HAVE A BUSINESS RELATIONSHIP. RICHARD HALLER AND MIKE KAPNICK HAVE A BUSINESS RELATIONSHIP. DAVID RICHMOND AND MITCH BLONDE HAVE A BUSINESS RELATIONSHIP. DAVID MENEGEBIER HAS A BUSINESS RELATIONSHIP WITH SR. PEG ALBERT, MICHELE GARDNER, SCOTT HILL, MICHAEL KAPNICK, THE HONORABLE MARGARET NOE, SR. CORINNE SANDERS AND KRIS SCHMIDT. FORM 990, PART VI, SECTION A, LINE 6 THE ENTITY IS ORGANIZED ON A MEMBERSHIP BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO ELECT TRUSTEES TO THE BOARD OF TRUSTEES AND REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. FORM 990, PART VI, SECTION A, LINE 7B THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO EXERCISE THE RESERVED POWERS BESTOWED UPON THEM PURSUANT TO THE SIENA HEIGHTS UNIVERSITY BYLAWS. THESE RESERVED POWERS INCLUDE THE FOLLOWING: (A)APPROVE THE MISSION, PURPOSES AND PHILOSOPHY OF THE CORPORATION; (B)ELECT TRUSTEES TO THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN ARTICLE V, SECTION 3; (C)REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (D)REVIEW AND COMMENT ON ALL ANNUAL OPERATING AND CAPITAL BUDGETS DEVELOPED BY THE BOARD OF TRUSTEES PRIOR TO THEIR ADOPTION BY THE BOARD, AND ALL NON-BUDGETED OPERATING EXPENSES AND CAPITAL EXPENDITURES IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (E)AUTHORIZE AND/OR APPROVE ANY INCURRENCE, ASSUMPTION, OR GUARANTEE OF DEBT IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (F)AUTHORIZE AND/OR APPROVE THE ENCUMBRANCE, SALE, LEASE OR OTHER DISPOSITION OF ANY REAL ESTATE OR THE SALE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (G)AUTHORIZE AND/OR APPROVE CONTRACTS THAT CALL FOR EXPENDITURES OF SUMS IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (H)AUTHORIZE AND/OR APPROVE THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH OR INTO ANOTHER ENTITY; (I)APPOINT AND REAPPOINT THE PRESIDENT, AND REMOVE THE PRESIDENT IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (J)REMOVE OTHER OFFICERS OF THE CORPORATION IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (K)AUTHORIZE AND/OR APPROVE THE CREATION OF SUBSIDIARIES OR AFFILIATES OF THE CORPORATION OR THE CORPORATION'S PARTICIPATION IN JOINT VENTURES; (L)AUTHORIZE AND/OR APPROVE ANY AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION AND/OR BYLAWS AFTER CONSULTING WITH THE BOARD OF TRUSTEES; AND (M)AUTHORIZE AND/OR APPROVE THE DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. QUESTIONS AND COMMENTS WERE SOLICITED FROM THE BOARD TO ENSURE THE COMPLETENESS AND ACCURACY OF THIS FORM. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE WRITTEN CONFLICTS ANNUALLY. DIFFERENT STANDING COMMITTEES OF THE BOARD OF TRUSTEES MONITOR AND REVIEW CONFLICTS OF INTEREST FOR KEY EMPLOYEES AND TRUSTEES ANNUALLY. IF A CONFLICT ARISES, THE TRUSTEE SHALL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT IS DETERMINED BY A SUB-COMMITTEE (COMPENSATION COMMITTEE) OF THE BOARD OF TRUSTEES. THIS COMMITTEE MEETS AFTER THE PERFORMANCE REVIEW IS COMPLETED FOR THE PRESIDENT. IF A RAISE IS WARRANTED, THE PRESIDENT CAN DECLINE BASED ON UNIVERSITY DETERMINATION OF INCREASES FOR THE ENTIRE STAFF. COMPENSATION FOR ALL EMPLOYEES IS COMPARED TO CUPA STANDARDS AND ANNUAL RAISES FOR THE COMMUNITY AT-LARGE IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. FISCAL YEAR 2013 WAS THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ORGANIZATIONAL DOCUMENTS AVAILABLE AT THE SIENA HEIGHTS UNIVERSITY LIBRARY AND THROUGH THE UNIVERSITY'S WEBSITE. FURTHER, ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON VALUE OF INTEREST RATE SWAPS 244,736. CHANGE IN FAIR VALUE OF PLEDGED RECEIVABLES 360,642. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ADRIAN DOMINICAN SISTERS 1257 E SIENA HEIGHTS DR ADRIAN MI 49221 CATHOLIC RELIGIOUS ORDER MI 501(C)(3) LINE 1 N/A 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 0 1 0 0 0 ADRIAN DOMINICAN SISTERS P 304720 ACTUAL EXPENSES INCURRED