2013-02-15T10:35:07-06:00 2012-06-30 363990892 CAPIN CROUSE LLP 972 EMERSON PARKWAY STE A GREENWOOD IN 46143 990 2011-07-01 570352247 COLUMBIA INTERNATIONAL UNIVERSITY COLU 8038075013 7435 MONTICELLO ROAD COLUMBIA SC 29203 D KEITH MARION SR 8078035011 2013-02-15 1 DAVID C MOJA P00747006 3178852620 2011 2016-03-07 17:11:31Z D KEITH MARION SR 7435 MONTICELLO ROAD COLUMBIA SC 29203 41297808 0 X WWW.CIU.EDU X 1927 SC CIU EDUCATES PEOPLE FROM A BIBLICAL WORLDVIEW TO IMPACT THE NATIONS WITH THE MESSAGE OF CHRIST. 19 18 808 634 575 -925 9165737 9077479 25832458 27991606 307419 968703 1180100 760323 36485714 38798111 4223156 4356243 0 0 18723860 19329380 27619 0 571736 12835476 13329763 35810111 37015386 675603 1782725 60224021 62591714 16725768 18195975 43498253 44395739 X COLUMBIA INTERNATIONAL UNIVERSITY SERVES CHRIST AND HIS CHURCH BY INSPIRING, DEVELOPING, AND EQUIPPING PEOPLE FOR LIFELONG PURSUIT OF GOD AND SERVANT LEADERSHIP IN HIS GLOBAL CAUSE. 0 0 11985074 4356243 17249640 COLUMBIA INTERNATIONAL UNIVERSITY SERVES CHRIST AND HIS CHURCH BY INSPIRING, DEVELOPING, AND EQUIPPING PEOPLE FOR LIFELONG PURSUIT OF GOD AND SERVANT LEADERSHIP IN HIS GLOBAL CAUSE. IN THE 2011-2012 SCHOOL YEAR THE UNIVERSITY SERVED 579 UNDERGRADUATE STUDENTS, 143 STUDENTS IN OUR GRADUATE SCHOOL, AND 541 SEMINARY STUDENTS. THE TOTAL NUMBER OF STUDENTS WHO GRADUATED IN 2011-2012 WAS 311, WHICH INCLUDES 143 UNDERGRADUATE STUDENTS, 59 GRADUATE STUDENTS, AND 109 SEMINARY STUDENTS. 9633326 9728110 BEN LIPPEN SCHOOL SEEKS TO GLORIFY GOD BY ASSISTING FAMILIES AND CHURCHES IN EQUIPPING STUDENTS SPIRITUALLY, ACADEMICALLY, AND SOCIALLY UNDER THE LORDSHIP OF JESUS CHRIST. DURING THE 2011-2012 ACADEMIC YEAR, BEN LIPPEN SERVED 790 STUDENTS IN GRADES K-12, OF WHICH 96 WERE MEMBERS OF THE CLASS OF 2012. THESE STUDENTS, WHICH REPRESENT 546 FAMILIES, WERE SERVED BY 106 FULL- AND PART-TIME FACULTY AND STAFF. (THE REVENUE FIGURE ABOVE DOES NOT REFLECT GIFT INCOME RECEIVED WHICH COVERS THE DIFFERENCE BETWEEN THE SCHOOL'S PROGRAM SERVICE REVENUES AND OPERATING EXPENSES.) 2383261 643750 WRCM ("NEW LIFE" 91.9 FM) AND WMHK (89.7 FM) TOGETHER SERVED AN AVERAGE OF 349,900 LISTENERS PER WEEK DURING THE 2011-2012 YEAR. WRCM SERVES THE GREATER CHARLOTTE (N.C.) MARKET; WMHK SERVES THE COLUMBIA AND FLORENCE (S.C.) MARKETS. THE STATIONS WERE SUPPORTED DURING THE 2011-2012 YEAR BY 28,154 INDIVIDUAL GIFTS TOTALING $2,416,400. (THE GENEROUS GIFTS OF DONORS COMPRISE THE STATIONS' PRIMARY SUPPORT. AS SHOWN ABOVE, PROGRAM SERVICE REVENUES ARE NOT SUFFICIENT TO SUPPORT THE STATIONS' OPERATING EXPENSES.) ALONG WITH ENCOURAGING MUSIC, THE STATIONS' PROGRAM CONTENT INCLUDES EDUCATIONAL AND INSPIRATIONAL FEATURES, NEWS AND COMMUNITY-FOCUSED ELEMENTS. THE ON-AIR SERVICE IS COMPLIMENTED BY WEBSITES THAT PROVIDE INFORMATION ABOUT THEIR ACTIVITIES AND BROADCAST STREAMS THAT CAN BE HEARD AROUND THE WORLD. 686760 1045202 PINE VIEW APARTMENTS IS A 136-UNIT HOUSING COMMUNITY LOCATED ON THE WOODED HILLSIDES ADJACENT TO THE CORE CAMPUS. DURING THE 2011-2012 SCHOOL YEAR, IT SERVED AS HOME TO 240 CIU STUDENTS, STAFF MEMBERS, AND THEIR FAMILY MEMBERS. 686760 1045202 24688421 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 66 0 808 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X KEITH STOKELD DIRECTOR OF FINANCE 8038075013 7435 MONTICELLO ROAD COLUMBIA SC 29203 DAVID BEASLEY 1.00 X 0 0 0 DELAINE BLACKWELL 1.00 X 0 0 0 W TOBIN CASSELS 1.00 X 0 0 0 LYN COOK 1.00 X 0 0 0 MARION DAVIS 1.00 X 0 0 0 ADRIAN DESPRES JR 1.00 X 0 0 0 HANS FINZEL 1.00 X 0 0 0 RUSSELL FRENCH 1.00 X 0 0 0 JENNIFER GUTWEIN 1.00 X 0 0 0 D GARY HARLOW 1.00 X 0 0 0 ROSS LINDSAY 1.00 X 0 0 0 DAVID MORELAND 1.00 X 0 0 0 J RONALD MULLINS 1.00 X 0 0 0 ROBERT NORRIS 1.00 X 0 0 0 JERRY RANKIN 1.00 X 0 0 0 DOUGLAS RUTT 1.00 X 0 0 0 MARQUIS RYAN 1.00 X 0 0 0 WILL SCHAFER 1.00 X 0 0 0 MARVIN SCHUSTER 1.00 X 0 0 0 WILLIAM JONES 60.00 X 136377 0 36358 D KEITH MARION 50.00 X 113673 0 17168 250050 0 53526 2 0 1 0 PIONEER COLLEGE CATERERS 303 GLENROSE AVE NASHVILLE TN 37210 CATERING SERVICES 1459336 ENSERVIO INC 117 KENDRICK ST SUITE 250 NEEDHAM MA 02494 FIRE RECOVERY 633941 MB KAHN CONTRUCTION CO PO BOX 1179 COLUMBIA SC 292021179 CONSTRUCTION 615996 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANAGEMENT 485856 RICHARDSON CONSTRUCTION CO 6806 MONTICELLO RD COLUMBIA SC 29203 CONSTRUCTION 332095 11 28708 153660 8895111 472474 9077479 TUITION AND FEES 611310 14144485 14144485 BEN LIPPEN SCHOOL 611310 9728110 9728110 AUXILIARY SERVICES 611310 2412709 2412709 PINE VIEW APARTMENTS 611310 1045202 1045202 BROADCASTING 611310 643750 643750 17350 17350 27991606 274107 274107 78357 22200 22496 21625 55861 575 56436 575 55861 3075031 6715 2387150 0 687881 6715 694596 694596 97217 28708 68426 28791 28791 INSURANCE REIMBURSEMEN 900099 532814 532814 MISCELLANEOUS REVENUE 900099 142282 142282 675096 38798111 28666702 575 1053355 117600 117600 4238643 4238643 331267 209616 121651 104568 104568 13784302 10554500 3032994 196808 666259 530004 127001 9254 3557126 2676380 839575 41171 885858 683154 187383 15321 18659 14253 3843 563 61847 61847 141007 141007 707347 451776 255464 107 1327068 1024676 268843 33549 232890 131632 100482 776 1585851 503281 1081696 874 815960 610094 192936 12930 231986 179633 49901 2452 526301 526301 2334325 2334325 335325 104866 230459 EXTERNAL SERVICES 2721678 1276363 1375926 69389 REPAIRS & MAINTENANCE 872881 340694 532124 63 FINANCIAL AID 525969 525969 BANK FEES 281286 239420 41866 609383 485483 57072 66828 37015386 24688421 11755229 571736 3458540 3208360 3310500 4362748 259729 188131 36712 37633 11121 10938 62039028 26652997 33112598 35386031 13978518 13653226 3050245 2805195 3006058 2939452 60224021 62591714 1194702 853549 1244361 1500316 10151959 11523782 4134746 4318328 16725768 18195975 X 24447671 23791913 14490950 16116648 4559632 4487178 43498253 44395739 60224021 62591714 X 1782725 -885239 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 203807 128315 114919 1 1 13735375 450821 182102 372109 13996189 12022221 544292 1259291 90429 13735375 10455246 369678 1246784 49487 12022221 12786586 672875 -2542953 461262 10455246 0.68000 0.32000 0 0 409817 409817 38525384 13701192 24824192 11487376 7865054 3622322 11616451 5086751 6529700 35386031 TRUST LIABILITIES 1773265 DEPOSITS HELD IN CUSTODY 886270 ANNUITIES PAYABLE 1199700 ASSET RETIREMENT OBLIGATION 362863 CAPITAL LEASE OBLIGATIONS 96230 4318328 38798111 37015386 1782725 -861157 -24082 -885239 897486 33623272 -861157 -4379650 -5240807 38864079 -65968 -65968 38798111 32725786 -4148593 -4148593 36874379 141007 141007 37015386 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: COLUMBIA INTERNATIONAL UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR STUDENT FINANCIAL AID. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY HAS ADOPTED THE NEW PROVISIONS OF THE "INCOME TAX" TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THESE PROVISIONS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBE GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPTECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2012, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN THE VALUE OF ANNUITIES -48,850. CHANGE IN THE VALUE OF TRUST ASSETS 93,193. FUNDRAISING EXPENSES REPORTED ON LINE 8B -68,425. TOTAL TO SCHEDULE D, PART XI, LINE 8: -24,082. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS NETTED AGAINST REVENUE -4,238,643. INVESTMENT EXPENSES NETTED AGAINST INCOME -141,007. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B -21,625. CHANGE IN VALUE OF TRUST ASSETS -93,193. CHANGE IN VALUE OF ANNUITIES 48,850. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON LINE 6B 21,625. FUNDRAISING EXPENSES REPORTED ON LINE 8B 68,425. TUITION DISCOUNTS NETTED AGAINST REVENUE -4,238,643. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST INCOME 141,007. 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 AVAILABLE TO THE PUBLIC AND INCLUDED IN A NEWSPAPER AD. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED $107,079 FROM THE FEDERAL COLLEGE WORK STUDY PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY TOURS 114727 EAST ASIA AND THE PACIFIC 0 76 PROGRAM SERVICES STUDY TOURS, RECRUITMENT 223616 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES STUDY TOURS, RECRUITMENT 120120 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY TOURS 105886 0 77 0 0 0 77 564349 0 564349 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: CIU USES THE ACCRUAL METHOD OF ACCOUNTING. ALL AMOUNTS REPRESENT EXPENDITURES; NO INVESTMENTS WERE MADE. CEDAR CREEK SKEET SHOOT 42201 4281 37920 100 8501 8829 842 3591 FALL GOLF CLASSIC 24516 5706 18810 2287 3695 952 3789 2 59208 18721 40487 290 17009 7468 6294 4779 125925 28708 97217 390 27797 19992 8088 12159 68426 28791 1 CHILD EVANGELISM FELLOWSHIP 500 ST ANDREWS ROAD COLUMBIA SC 29203 570567186 28000 GENERAL SUPPORT CROSSOVER COMMUNICATIONS 7520 MONTICELLO ROAD COLUMBIA SC 29203 581758477 17000 GENERAL SUPPORT TRINITY CLASSICAL SCHOOL PO BOX 639 CLARKSVILLE GA 30523 204929254 5300 GENERAL SUPPORT STUDENT SCHOLARSHIPS 884 4238643 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND TUITION DISCOUNTS ARE AWARDED BASED ON DEMONSTRATED FINANCIAL NEED AND MISSION COMPATIBILITY OF THE STUDENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM JONES 127688 0 0 0 8689 0 8766 0 27592 0 172735 0 0 0 PART I, LINE 1A IT IS THE PRACTICE OF CIU TO PROVIDE THE PRESIDENT WITH A HOUSING ALLOWANCE AS PART OF HIS COMPENSATION PACKAGE. NEED- AND MERIT-BASED TUITION ASSISTANCE 14000 MIKE BLACKWELL WIFE, DELAINE BLACKWELL, SERVES ON THE BOARD OF TRUSTEES 97380 V.P. OF ENROLLMENT AND CORPORATE COMMUNICATIONS 0 X 10 472474 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY OUR OUTSIDE CPA FIRM. THE COMPLETED FORM 990 IS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. VERBAL APPROVAL OF EACH COMMITTEE MEMBER IS OBTAINED BEFORE FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES: EACH MEMBER OF THE BOARD OF TRUSTEES MUST ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST AND RELATED-PARTY TRANSACTION POLICY AND DISCLOSURE FORM (BOARD CONFLICT POLICY). THE BOARD CONFLICT POLICY GIVES EXAMPLES OF CONLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE BOARD CONFLICT POLICY DELINEATES A DISCLOSURE PROCEDURE THAT REQUIRES THE BOARD MEMBER TO REPORT THE CONFLICT TO THE PRESIDENT WHO REFERS THE INFORMATION TO THE NOMINATING AND BOARD REVIEW COMMITTEE FOR INVESTIGATION AND FOR A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. EMPLOYEES: OUR CONLICT OF INTEREST POLICY IS STATED IN OUR EMPLOYEE HANDBOOK. ALL REGULAR FULL-TIME AND PART-TIME EMPLOYEES (WHICH INCLUDES THE PRESIDENT AND KEY EMPLOYEES) MUST READ THE EMPLOYEE HANDBOOK THEIR FIRST WEEK ON THE JOB AND ANNUALLY THEREAFTER, AND THEY MUST SIGN A STATEMENT THAT THEY HAVE READ IT AND ARE IN COMPLIANCE WITH ITS POLICIES, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE POLICY GIVES EXAMPLES OF CONFLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE POLICY INSTRUCTS EMPLOYEES TO DISCLOSE THE CONFLICT TO THEIR SUPERVISOR. SUPERVISORS ARE INSTRUCTED IN THE SUPERVISORS' POLICY MANUAL TO CONFER WITH THEIR SUPERVISOR AND THE HUMAN RESOURCES DIRECTOR WHO TOGETHER WILL DETERMINE IF A CONFLICT EXISTS, TO WHAT EXTENT, AND THE APPROPRIATE COURSE OF ACTION. IF THE PROBLEM CANNOT BE RESOLVED AT THAT LEVEL, THE MATTER WILL BE PRESENTED TO THE PRESIDENT FOR DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 EXTERNAL COMPARISONS ARE MADE WITH SIMILAR INSTITUTIONS FOR THE PRESIDENT AND FOR KEY EMPLOYEES. ADDITIONALLY, INTERNAL COMPARISONS ARE MADE TO DETERMINE RELATIVE SALARY RANGE AMONG THE PRESIDENT AND KEY EMPLOYEES. A 10-YEAR HISTORY OF THE ORGANIZATION'S PRESIDENTS' SALARIES IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE SALARIES OF KEY EMPLOYEES THROUGH A 10-YEAR HISTORY THAT IS PROVIDED TO THE COMMITTEE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE AT THE WWW.CIU.EDU AND WWW.GUIDESTAR.ORG WEBSITES, AND UPON REQUEST. FORMS 1023 AND 990-T ARE AVAILABLE UPON REQUEST. COLUMBIA INTERNATIONAL UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -861,157. CHANGE IN THE VALUE OF ANNUITIES -48,850. CHANGE IN THE VALUE OF TRUST ASSETS 93,193. FUNDRAISING EXPENSES REPORTED ON LINE 8B -68,425. TOTAL TO FORM 990, PART XI, LINE 5: -885,239. EXPLANATION FOR RESPONSIBILITY FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES: EACH MEMBER OF THE BOARD OF TRUSTEES MUST ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST AND RELATED-PARTY TRANSACTION POLICY AND DISCLOSURE FORM (BOARD CONFLICT POLICY). THE BOARD CONFLICT POLICY GIVES EXAMPLES OF CONFLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE BOARD CONFLICT POLICY DELINEATES A DISCLOSURE PROCEDURE THAT REQUIRES THE BOARD MEMBER TO REPORT THE CONFLICT TO THE PRESIDENT WHO REFERS THE INFORMATION TO THE NOMINATING AND BOARD REVIEW COMMITTEE FOR INVESTIGATION AND FOR A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES. EMPLOYEES: OUR CONFLICT OF INTEREST POLICY IS STATED IN OUR EMPLOYEE HANDBOOK. ALL REGULAR FULL AND PART-TIME EMPLOYEES (WHICH INCLUDES THE PRESIDENT AND KEY EMPLOYEES) MUST READ THE EMPLOYEE HANDBOOK THEIR FIRST WEEK ON THE JOB AND ANNUALLY THEREAFTER, AND THEY MUST SIGN A STATEMENT THAT THEY HAVE READ IT AND ARE IN COMPLIANCE WITH ITS POLICIES WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE POLICY GIVES EXAMPLES OF CONFLICTS OF INTEREST. WHEN A CONFLICT EXISTS, THE POLICY INSTRUCTS EMPLOYEES TO DISCLOSE THE CONFLICT TO THEIR SUPERVISOR. SUPERVISORS ARE INSTRUCTED IN THE SUPERVISORS' POLICY MANUAL TO CONFER WITH THEIR SUPERVISOR AND THE HUMAN RESOURCES DIRECTOR WHO TOGETHER WILL DETERMINE IF A CONFLICT EXISTS, TO WHAT EXTENT, AND THE APPROPRIATE COURSE OF ACTION. IF THE PROBLEM CANNOT BE RESOLVED AT THAT LEVEL, THE MATTER WILL BE PRESENTED TO THE PRESIDENT FOR DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 EXTERNAL COMPARISONS ARE MADE WITH SIMILAR INSTITUTIONS FOR THE PRESIDENT AND FOR KEY EMPLOYEES. ADDITIONALLY, INTERNAL COMPARISONS ARE MADE TO DETERMINE RELATIVE SALARY RANGE AMONG THE PRESIDENT AND KEY EMPLOYEES. A 10-YEAR HISTORY OF THE ORGANIZATION'S PRESIDENTS' SALARIES IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE APPROVES THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE SALARIES OF KEY EMPLOYEES THROUGH A 10-YEAR HISTORY THAT IS PROVIDED TO THE COMMITTEE UPON REQUEST.