2013-04-15T13:54:11-05:00 2012-05-31 BKD LLP 2800 Post Oak Blvd Ste 3200 HOUSTON TX 77056 990 2011-06-01 750800691 TEXAS WESLEYAN UNIVERSITY % KAREN MONTGOMERY CFO TEXA 8175316571 1201 WESLEYAN ST FORT WORTH TX 76105 KAREN L MONTGOMERY 2013-04-15 true M Paige Gerich 7134994600 2011 2016-03-07 17:11:31Z FREDERICK SLABACH 1201 WESLEYAN ST FORT WORTH TX 76105 72635558 false X www.txwes.edu X 1914 TX TEXAS WESLEYAN UNIVERSITY, FOUNDED IN 1890 IN FORT WORTH, TX IS A UNITED METHODIST INSTITUTION WITH A TRADITION IN THE LIBERAL ARTS AND SCIENCES AND FOCUS ON PROFESSIONAL AND CAREER. (CONT. ON SCH O) 45 42 1153 100 0 4878636 5058333 61038243 59664200 1245399 1949529 1422760 782796 68585038 67454858 10160538 11045549 0 0 35774284 37593901 0 0 1540308 23781399 23772416 69716221 72411866 -1131183 -4957008 101659994 92115311 30878402 31175848 70781592 60939463 X TEXAS WESLEYAN UNIVERSITY, FOUNDED IN 1890 IN FORT WORTH, TX IS A UNITED METHODIST INSTITUTION WITH A TRADITION IN THE LIBERAL ARTS AND SCIENCES AND A FOCUS ON PROFESSIONAL AND CAREER PREPARATION AT THE UNDERGRADUATE LEVEL AND IN SELECTED GRADUATE AND PROFESSIONAL AREAS. THE UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD BACCALAUREATE, MASTER'S, AND DOCTORAL LEVEL DEGREES. CONTACT THE COMMISSION ON COLLEGES AT 1866 SOUTHERN LANE, DECATUR, GEORGIA, 30033-4097 OR CALL 404-679-4500 (WEB SITE: WWW.SACSCOC.ORG) ONLY FOR QUESTIONS, COMMENTS, OR ISSUES RELATED TO THE ACCREDITATION OF TEXAS WESLEYAN UNIVERSITY. THE SCHOOL OF LAW IS ACCREDITED BY THE AMERICAN BAR ASSOCIATION AND WAS ADMITTED TO THE AMERICAN ASSOCIATION OF LAW SCHOOLS IN JANUARY 2012. OTHER INSTITUTIONAL AND PROGRAM ACCREDITATION INCLUDES THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS, THE STATE BOARD FOR EDUCATOR CERTIFICATION, THE NATIONAL ASSOCI false false 40099958 11045549 56583825 INSTRUCTION: TEXAS WESLEYAN UNIVERSITY OFFERS UNDERGRADUATE DEGREES IN THE SCHOOLS OF BUSINESS, ARTS & LETTERS, EDUCATION, AND NATURAL AND SOCIAL SCIENCES. THE UNIVERSITY ADDED GRADUATE PROGRAMS IN EDUCATION IN THE 1970'S AND IN NURSE ANESTHESIA IN THE 1980'S. THE LAW SCHOOL OPENED IN 1990. BEGINNING IN 2007, THE UNIVERSITY OFFERS A DOCTORATE OF NURSE ANESTHESIA PRACTICE AND BEGINNING IN 2008 A DOCTORATE IN EDUCATION. THE UNIVERSITY OFFERS AN HONORS CURRICULUM AS WELL AS A PREPROFESSIONAL PROGRAM. ENDOWED FUNDS SUPPORT MANY ACADEMIC PROGRAMS BEYOND THE CLASSROOM. NUMEROUS STUDY ABROAD PROGRAMS ARE OFFERED THROUGHOUT THE YEAR WHICH COMBINE CLASSROOM LEARNING WITH A ONE TO TWO WEEK TRAVEL EXPERIENCE. OFFICIAL ENROLLMENT FOR THE FALL 2011 TERM INCLUDED 1,724 UNDERGRADUATE STUDENTS (FULL-TIME AND PART-TIME) AND 1,457 GRADUATE AND PROFESSIONAL STUDENTS FOR A TOTAL OF 3,181. 13054155 STUDENT SERVICES AND ACADEMIC SUPPORT: THE UNIVERSITY PROVIDES NUMEROUS SUPPORT SERVICES INCLUDING AN ACADEMIC SUCCESS CENTER, CAREER SERVICE CENTER, ADVISING CENTER, FRESHMAN EXPERIENCE PROGRAM, INTERNATIONAL PROGRAMS, COUNSELING, AND THE CENTER FOR EXCELLENCE IN TEACHING AND LEARNING. 2807271 2180927 HOUSING AND RESIDENT LIFE: THE UNIVERSITY OFFERS BOTH DORMITORY FACILITIES AS WELL AS THE WEST VILLAGE WHICH IS STYLED TOWARD AN APARTMENT TYPE LIVING ARRANGEMENT. THE MORTON FITNESS CENTER PROVIDES A FULL SERVICE FITNESS FACILITY OFFERING NUMEROUS FITNESS CLASSES. THE UNIVERSITY IS FORTUNATE TO HAVE A STRONG STUDENT GOVERNMENT ORGANIZATION UNITING 23 STUDENT ORGANIZATIONS. ALTHOUGH A MAJORITY OF THE STUDENTS COMMUTE TO CAMPUS, THERE REMAINS A CONCERTED EFFORT TO SUPPORT RESIDENTIAL STUDENTS, ESPECIALLY INTERNATIONAL STUDENTS AND STUDENT ATHLETES, WITH A VIBRANT CAMPUS LIFE. 991468 1290972 56952852 true true false false false false false false false true true true false true true true true false true false true false false false true false false false true true true false true false false false false false false true true false false false false false false false false false false true 295 0 true 1153 true false false false false true true true true false false false false false false false false false X 45 42 false false false false false false false true true false false true true true true true true true false false X KAREN MONTGOMERY CFO 8175316571 1201 WESLEYAN ST FORT WORTH TX 76105 VICKIE STEVENS 2.0 X 0 0 0 TIMOTHY K BRUSTER 2.0 X 0 0 0 TIM CARTER 2.0 X 0 0 0 THOMAS LOCKE 2.0 X 0 0 0 TERRI MINOR 2.0 X 0 0 0 ROY C BROOKS 2.0 X 0 0 0 RONALD CHRISTMAN 2.0 X 0 0 0 ROBERT M LANSFORD 2.0 X 0 0 0 RICE TILLEY JR 2.0 X 0 0 0 PAT EVANS 2.0 X 0 0 0 NORMA ROBY 2.0 X 0 0 0 NICK SHOLARS 2.0 X 0 0 0 MAX M WAYMAN 2.0 X 0 0 0 MARK WALKER 2.0 X 0 0 0 LOUELLA MARTIN 2.0 X 0 0 0 LAMAR SMITH 2.0 X 31482 0 0 KENNETH H JONES JR 5.0 X X 0 0 0 KATHLEEN HICKS 2.0 X 0 0 0 JOHN MURPHEY 2.0 X 7700 0 0 JERRY CHISM 2.0 X 0 0 0 JEFFREY SMITH 2.0 X 0 0 0 JANIE FARIS 2.0 X 3400 0 0 JAN FERSING 2.0 X X 0 0 0 JAMES ABEL 2.0 X 0 0 0 J MICHAEL LOWRY 2.0 X 0 0 0 GREG PHILLIPS 2.0 X 0 0 0 GLENN O LEWIS 2.0 X 0 0 0 GLEN W HAHN 2.0 X 0 0 0 GEORGE LEONE 2.0 X 0 0 0 GARY TERRY 2.0 X 0 0 0 DAVID PARKER 2.0 X 0 0 0 DAVID GRIFFIN 2.0 X 0 0 0 DAN BOULWARE 5.0 X X 0 0 0 CLAUDIA STEPP 2.0 X 0 0 0 CHARLES MILLIKAN 2.0 X 0 0 0 BEVERLY VOLKMAN-POWELL 5.0 X X 0 0 0 ANTHONY VINSON 2.0 X 0 0 0 ANNE STREET SKIPPER 2.0 X X 0 0 0 JUDSON CRAMER 0.0 X 0 0 0 GARY CUMBIE 0.0 X 0 0 0 LOREN HANSON 0.0 X 0 0 0 BRODIE HYDE II 0.0 X 0 0 0 JOHN MADDUX 2.0 X 0 0 0 JAMES NICHOLS 0.0 X 0 0 0 LOWELL SMITH 0.0 X 0 0 0 WILLIAM A BLEIBDREY 40.0 X 203568 0 22274 PATRICIA ALEXANDER 40.0 X 150427 0 20928 JOAN CANTY 40.0 X 145930 0 5757 ALLEN H HENDERSON 40.0 X 185888 0 30959 FREDERICK G SLABACH 40.0 X 502711 0 41554 KAREN L MONTGOMERY 40.0 X 0 0 0 JOHN VEILLEUX 40.0 X 0 0 0 STEVEN ALTON 40.0 X 165631 0 30336 MICHAEL GREEN 40.0 X 171790 0 20869 JOHN MARTIN 40.0 X 186735 0 21676 FREDERICK WHITE 40.0 X 204488 0 31432 FRANK ELLIOTT 40.0 X 185416 0 14658 PAUL AUSTIN 40.0 X 203500 0 15250 HECTOR QUINTANILLA 40.0 X 134577 0 26451 JAMES P GEORGE 40.0 X 135364 0 34709 MALINDA SEYMORE 40.0 X 151794 0 9744 CHARLOTTE HUGHART 40.0 X 141645 0 18631 DEBRA MALOY 40.0 X 159306 0 19502 RICARDO RODRIGUEZ 40.0 X 153721 0 30661 HAROLD JEFFCOAT 40.0 X 253698 0 12095 VICKI RAINWATER 40.0 X 105903 0 14925 3584674 0 422411 59 true true false GUARDSMARK LLC PO BOX 11407 BIRMINGHAM AL 35246 SECURITY SERVICES 518627 STRYVE ADVISORS LLC 12 GREENWAY PLAZA SUITE 1100 HOUSTON TX 77046 IT SERVICES 301104 BDO SEIDMAN LLP PO BOX 31001-0860 PASADENA CA 911100860 ACCOUNTING SERVICES 120937 PREFERRED TRAVEL OF NAPLES 801 LAUREL OAK DR 300 NAPLES FL 34108 TRAVEL SERVICES 109179 4 80850 1976686 3000797 5058333 TUITION AND FEES 611600 56583825 56583825 HOUSING AND MEALS 531110 2180927 2180927 LAW BOOKSTORE 451211 899448 899448 59664200 512735 512735 0 388854 388854 187212 137600 49612 49612 49612 6415965 4979171 1436794 1436794 1436794 16735 80850 63929 -47194 -47194 0 0 MISCELLANEOUS REVENUE 900099 365487 365487 COLLECTION OF BAD DEBTS 611600 26037 26037 391524 67454858 60055724 2340801 0 11045549 11045549 0 0 2765387 2219248 537258 8881 93681 93681 27269992 21907204 4442737 920051 1424209 1145090 235217 43902 3904643 3006606 771826 126211 2135989 1580403 483711 71875 3032605 1541618 1396053 94934 94334 94334 88911 17500 71411 0 0 0 1251467 926735 233605 91127 424892 103829 305278 15785 2715550 1589733 1008949 116868 0 0 4502277 4315489 186788 1488531 1442277 26488 19766 0 203500 163867 31969 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1286607 -10411999 850325 5052905 32337181 0.85500 0.14500 true false 0 1141815 1141815 0 57658295 21996513 35661782 0 4073145 1576890 2496255 0 20346588 14035771 6310817 0 25792503 10345541 15446962 61057631 6240587 F 6240587 BENEFICIAL INTEREST IN TRUSTS 8668468 8668468 0 CAPITAL LEASE OBLIGATIONS 1877624 1877624 67454858 72411866 -4957008 -3095203 -667565 -3762768 -8719776 52848063 -3095203 201521 -2893682 55741745 11713113 11713113 67454858 61567838 201521 201521 61366317 11045549 11045549 72411866 FIN 48 FOOTNOTE PART X, LINE 2 INCOME TAXES-THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE UNIVERSITY MAY BE SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME THAT IS DERIVED FROM ACTIVITIES NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE UNIVERSITY HAS ELECTED TO RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF THEY OCCUR, AS A COMPONENT OF INCOME TAX EXPENSE. MANAGEMENT BELIEVES THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF MAY 31, 2012 AND 2011 AND ACCORDINGLY NO INCOME TAX EXPENSE HAS BEEN RECOGNIZED. INTENDED USES OF THE ENDOWMENT FUND PART V, LINE 4 THE ORIGINAL CORPUS OF ENDOWMENT FUNDS WILL REMAIN UNSPENT. EARNINGS FROM THE INVESTED ENDOWMENT FUNDS ARE UTILIZED FOR SCHOLARSHIPS, SUPPORT OF THE LIBRARIES, AND PROGRAM SUPPORT IN ACCORDANCE WITH ENDOWMENT SPENDING POLICY. REVENUE AND EXPENSES ON BOOKS, NOT ON FORM 990 PART XII & XIII, LINE 2D FUNDRAISING EXPENSES $ 63,921 RENTAL EXPENSE 137,600 ---------- $ 201,521 REVENUE AND EXPENSES ON FORM 990, NOT ON BOOKS PART XII & XIII, LINE 4B SCHOLARSHIPS $ 11,045,549 CHANGE IN BENEFICIAL INTEREST IN TRUSTS 637,956 OTHER DIFFERENCE 29,608 ------------ $ 11,713,113 SCHOLARSHIPS $ 11,045,549 OTHER CHANGES IN NET ASSETS FROM 990 TO F/S PART XI, LINE 8 CHANGE IN BENEFICIAL INTEREST IN TRUSTS (637,956) OTHER DIFERENCE (29,609) ------------ $(667,565) true true true true true true true false false false false false false false false true false true HOW THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED PART I, LINE 3 THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN THE STUDENT HANDBOOK, UNIVERSITY CATALOG AND THE WEBSITE. Europe (Including Iceland and Greenland) Program Services INSTRUCTION 54109 North America Program Services INSTRUCTION 42032 Europe (Including Iceland and Greenland) Program Services INSTRUCTION 56485 Europe (Including Iceland and Greenland) Program Services INSTRUCTION 48834 Europe (Including Iceland and Greenland) Program Services INSTRUCTION 68659 270119 270119 false false false false false false BU HALL OF FAME 62800 55200 7600 19130 8322 OD BOUNDS 34785 25650 9135 36477 0 0 0 0 0 0 0 0 0 0 97585 80850 16735 0 0 0 19130 0 44799 63929 -47194 true STUDENT SCHOLARSHIPS 1258 11045549 PROCEDURES FOR MONITORING USE OF GRANT FUNDS PART I, LINE 2 TEXAS WESLEYAN UNIVERSITY'S OFFICE OF FINANCIAL AID ADMINISTERS MULTIPLE FEDERAL, STATE, PRIVATE, AND UNIVERSITY GRANTS, SCHOLARSHIPS, LOAN AND WORK STUDY AWARDS. FEDERAL AND STATE PROGRAMS ARE ADMINISTERED ACCORDING TO THE U.S. LAW AND REGULATIONS PROMULGATED BY THE U.S. DEPARTMENT OF EDUCATION AND THE U.S. DEPARTMENT HEALTH AND HUMAN SERVICES AS WELL AS THE REGULATIONS OF THE STATE OF TEXAS. UNIVERSITY SCHOLARSHIPS AND GRANTS ARE ADMINISTERED ACCORDING TO THE POLICIES OF THE OFFICE OF FINANCIAL AID IN SUPPORT OF THE UNIVERSITY'S STRATEGIC PLAN. THE FINANCIAL AID OFFICE USES THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND A NUMBER OF SUPPORTING DOCUMENTS OF VERIFICATION TO DETERMINE A STUDENT'S ELIGIBILITY FOR ALL NEED BASED PROGRAMS. ADDITIONALLY, STUDENTS' ELIGIBILITY IS DETERMINED BASED UPON ACADEMIC QUALIFICATIONS, SPECIAL TALENTS, AND DONOR STIPULATED REQUIREMENTS. POLICIES AND PROCEDURES ENSURE THAT THE DETERMINATION OF AID ELIGIBILITY AND THE SUBSEQUENT DELIVERY OF AID IS DELIVERED IN A FAIR AND EQUITABLE MANNER. X X true false X X X false true false false false false false false false WILLIAM A BLEIBDREY 92927 0 50000 0 60641 0 13133 0 9141 0 225842 0 VICKI RAINWATER 105903 0 0 0 8507 6418 120828 0 STEVEN ALTON 163631 0 2000 0 13317 17019 195967 0 PATRICIA ALEXANDER 120427 0 30000 0 10735 10193 171355 0 MICHAEL GREEN 171790 0 0 0 13501 7368 192659 0 JOHN MARTIN 186735 0 0 0 14983 6693 208411 0 JOAN CANTY 145930 0 0 0 2857 2900 151687 0 JAMES P GEORGE 135364 0 0 0 12203 22506 170073 0 HAROLD JEFFCOAT 65219 0 0 188479 8804 3291 265793 0 FREDERICK WHITE 199688 0 0 4800 16713 14719 235920 0 FRANK ELLIOTT 185416 0 0 0 14658 0 200074 0 ALLEN H HENDERSON 140888 0 45000 0 14940 16019 216847 0 FREDERICK G SLABACH 283702 0 0 219009 19923 21631 544265 0 PAUL AUSTIN 203500 0 0 0 15250 0 218750 0 HECTOR QUINTANILLA 134577 0 0 0 9432 17019 161028 0 MALINDA SEYMORE 151794 0 0 0 3051 6693 161538 0 CHARLOTTE HUGHART 141645 0 0 0 11438 7193 160276 0 DEBRA MALOY 159306 0 0 0 12809 6693 178808 0 RICARDO RODRIGUEZ 153721 0 0 0 8155 22506 184382 0 DESCRIPTION OF BENEFITS PART I, LINE 1A ALL AMOUNTS PAID FOR HOUSING ALLOWANCES AND SOCIAL CLUB DUES ARE INCLUDED IN EMPLOYEE FORMS W-2 AS FOLLOWS: HOUSING ALLOWANCES - HAROLD JEFFCOAT SOCIAL CLUB DUES - WILLIAM BLEIBDREY, FREDERICK G. SLABACH PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B AMOUNT OF CURRENT YEAR PARTICIPATION IN A 457(F) PLAN: HAROLD JEFFCOAT - $ 144,667 OFFICER COMPENSATION FORM 990 PART VII & SCHEDULE J, PART II, COLUMN (B)(III) DURING 2011, FREDERICK G. SLABACH RECEIVED A ONE-TIME UP FRONT PAYMENT OF $180,000 FOR HOUSING COSTS IN LIEU OF FUTURE HOUSING ALLOWANCE PAYMENTS. RED RIVER EDUCATION FIN2 752791247 2010-12-22 14234000 REFINANCING THREE ISSUES true false false 331000 0 14234000 0 0 12185163 242954 0 0 0 1805883 0 true false true true false false false false false 0 true true false false 0 false 0 false false REFINANCED BONDS PART V TEXAS WESLEYAN UNIVERSITY SERIES 1997-A ISSUE DATE 3/27/97 TEXAS WESLEYAN UNIVERSITY SERIES 2003 REVENUE BONDS ISSUE DATE 12/29/03 TEXAS WESLEYAN UNIVERSITY SERIES 2002 REVENUE BONDS ISSUE DATE 07/31/02 STRYVE ADVISORS LLC CHRISTMAN IS >5% OWNER 306424 PAYMENTS FOR IT SERVICES false STEPHEN CUMBIE SON OF TRUSTEE CUMBIE 11100 SALARIES/WAGES false KEVIN MILLIKAN SON OF TRUSTEE MILLIKAN 82581 SALARIES/WAGES false ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 (CONT. FROM PAGE 1) PREPARATION AT THE UNDERGRADUATE LEVEL AND IN SELECTED GRADUATE AND PROFESSIONAL AREAS. THE UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD BACCALAUREATE, MASTER'S, AND DOCTORAL LEVEL DEGREES. CONTACT THE COMMISSION ON COLLEGES AT 1866 SOUTHERN LANE, DECATUR, GEORGIA, 30033-4097 OR CALL 404-679-4500 (WEB SITE: WWW.SACSCOC.ORG) ONLY FOR QUESTIONS, COMMENTS, OR ISSUES RELATED TO THE ACCREDITATION OF TEXAS WESLEYAN UNIVERSITY. THE SCHOOL OF LAW IS ACCREDITED BY THE AMERICAN BAR ASSOCIATION AND WAS ADMITTED TO THE AMERICAN ASSOCIATION OF LAW SCHOOLS IN JANUARY 2012. OTHER INSTITUTIONAL AND PROGRAM ACCREDITATION INCLUDES THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS, THE STATE BOARD FOR EDUCATOR CERTIFICATION, THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, THE COUNCIL ON ACCREDITATION OF NURSE ANESTHESIA EDUCATIONAL PROGRAMS, AND THE COMMISSION ON ACCREDITATION OF ATHLETIC TRAINING EDUCATION. ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS, UNIVERSITY POLICIES, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS FORM 990, PART VI, LINE 12C ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES ARE OBTAINED FROM EACH TRUSTEE. REVIEW PROCESS FORM 990, PART VI, LINE 11 THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. ONCE PREPARED, THE FORM IS REVIEWED BY UNIVERSITY STAFF. IT IS THEN PROVIDED TO THE TRUSTEES FOR COMMENT PRIOR TO FILING. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 PRIOR PERIOD ADJUSTMENT $(1,122,353) UNREALIZED GAINS & LOSSES (3,095,203) CHANGE IN BENEFICIAL INTEREST IN TRUSTS (637,956) OTHER DIFERENCE (29,609) ------------ $(4,885,121) TRUSTEE COMPENSATION FORM 990 PART VII TRUSTEES ARE NOT COMPENSATED BY THE ORGANIZATION FOR THEIR SERVICES AS TRUSTEE OF THE BOARD. ANY COMPENSATION REPORTED FOR TRUSTEES IN FORM 990 PART VII IS FOR OTHER SERVICES RENDERED TO THE ORGANIZATION. DURING THE CALENDAR YEAR 2011, LAMAR SMITH, TRUSTEE, RECEIVED COMPENSATION FOR SERVICES RENDERED AS ASSISTANT TO THE UNIVERSITY PRESIDENT UNTIL MAY 31, 2011. HE WAS NOT COMPENSATED FOR SERVICES AS TRUSTEE TO THE ORGANIZATION. OFFICER COMPENSATION FORM 990 PART VII & SCHEDULE J, PART II, COLUMN (B)(III) DURING 2011, FREDERICK G. SLABACH RECEIVED A ONE-TIME UP FRONT PAYMENT OF $180,000 FOR HOUSING COSTS IN LIEU OF FUTURE HOUSING ALLOWANCE PAYMENTS.