2013-04-24T14:54:43-07:00 2012-06-30 990 2011-07-01 221494434 FAIRLEIGH DICKINSON UNIVERSITY FAIR 2016922381 1000 River Road Mail Code T-FH2-06 Teaneck NJ 076661914 Hania Ferrara 2016922381 2013-04-15 2011 2016-03-07 17:11:31Z Sheldon Drucker 1000 River Road Mail Code T-FH2-06 Teaneck NJ 076661914 283114870 0 X www.fdu.edu X 1942 NJ Fairleigh Dickinson University is a center of academic excellence dedicated to the preparation of world citizens through global education. The University strives to provide students with the multi-disciplinary, intercultural, and ethical understandings necessary to participate, lead, and prosper in the global marketplace of ideas, commerce and culture. 28 27 2570 121 9840 -27901 9879531 7986607 253403092 261312932 838677 841012 1430337 1513916 265551637 271654467 62764681 66365624 0 0 112999988 122974123 172452 182007 1702899 72929523 74401527 248866644 263923281 16684993 7731186 294172385 309449197 171661484 178982899 122510901 130466298 Fairleigh Dickinson University is a center of academic excellence dedicated to the preparation of world citizens through global education. The University strives to provide students with the multi-disciplinary, intercultural, and ethical understandings necessary to participate, lead, and prosper in the global marketplace of ideas, commerce and culture. 0 0 219180629 66056202 232583517 HIGHER EDUCATION: INSTRUCTION - Fairleigh Dickinson University (the "University") founded in 1942, is one of the largest independent nonsectarian institutions of higher education in New Jersey, serving more than 12,200 undergraduate and graduate students. With a wide range of academic programs and two main campuses in New Jersey, each with its own identity and separate mission, the University preserves the intimacy of a small college within a large suburban institution. The College at Florham in Morris County, New Jersey is a picture perfect collegiate environment. Ivy-covered buildings, a strong student life program, and traditional amenities and activities make Florham a picturesque learning environment. The Metropolitan Campus in Teaneck and Hackensack, New Jersey is by contrast a fast-paced, professionally oriented environment that feeds off the energy of nearby New York City. Many of the University's business, professional, science, and healthcare programs are based at the Metropolitan Campus. The AACSB-accredited Silberman College of Business provides career-focused preparation in entrepreneurial studies, accounting, marketing, finance, information systems, and management through BS, MS and MBA degrees, including the Executive MBA. Located in the heart of the U.S. pharmaceutical industry, Fairleigh Dickinson University's School of Pharmacy in Morris County, New Jersey, is unveiling a dynamic curriculum incorporating technology, a global perspective, and multiple master's degree options. The University took a prominent leadership role in educating veterans and welcomed to campus a strong contingent under the new GI Bill. The University also operates international campuses; the Wroxton Campus in Oxfordshire, England and Fairleigh Dickinson University-Vancouver in British Columbia, Canada. Courses are also offered at many locations throughout the State of New Jersey and through on-line courses accessible from anywhere in the world. The University offers over 140 degree programs at the associate, baccalaureate, master's and doctorate levels. Its wide range of offerings include a variety of innovative programs in education, nursing, psychology, business, computer science, visual arts, and public administration. A new state-of-the art cyber crime laboratory extends FDU's already widely respected graduate and certificate programs in computer security and forensics and global security and terrorism studies. The University both defines and responds to the changing needs of society. 22073516 309422 28549569 HIGHER EDUCATION: AUXILIARY - To provide food service and resident halls for University students. Approximately 2,310 undergraduate U.S. students currently utilize University residence halls. 153257 0 170006 HIGHER EDUCATION: RESEARCH - Investigation and experimental activities for the purpose of discovery and revision of accepted conclusions undertaken for the benefit of the community at large. The Silberman College of Business sponsors a series of business research studies that involve faculty and students. The College publishes several working papers series and The Journal of Pharmaceutical Chemical Business. University College: Arts, Sciences, Professional Studies Metropolitan Campus houses the clinical psychology and school psychology doctoral programs where students and faculty do research in such areas as behavorial medicine, cognitive, psychological and psych-educational testing and women's issues. In the Maxwell Becton College of Arts and Sciences, research efforts are particularly prominent in the psychology, english, social sciences and communications disciplines. The College of Florham psychology department emphasizes experimental, industrial/organizational psychology and clinical counseling. 0 0 0 241407402 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 377 0 1 2570 1 1 1 1 UK CA 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Hania Ferrara-VP Finance Treasurer 2016922381 Fairleigh Dickinson University 1000 River Road Mail Code T-FH2-03 Teaneck NJ 076661914 J Michael Adams 86 X X 340686 0 52668 Anthony P Ambrosio 3 X 0 0 0 Curtis R Artis 3 X 0 0 0 Brenda Blackmon 3 X 0 0 0 Kenneth L Brier 3 X 0 0 0 Guy F Budinscak 5 X 0 0 0 John J Carscadden 3 X 0 0 0 Michael Clarke 3 X 0 0 0 Ronald J Doerfler 3 X 0 0 0 Rosemary Espanol 3 X 0 0 0 Robert M Hallenbeck 5 X 0 0 0 Franklyn G Jenifer 3 X 0 0 0 Stewart Krentzman 3 X 0 0 0 Daniel C Lewis 3 X 0 0 0 Winston I Lowe Esq 3 X 0 0 0 Donna DelPrete Marki 3 X 0 0 0 Vincent J Naimoli 5 X 0 0 0 Gergory H Olsen 3 X 0 0 0 William L O'Neill DDS 3 X 0 0 0 Antoinette Petrocelli 3 X 0 0 0 Robert J Pures 3 X 0 0 0 Robert P Saltarelli 3 X 0 0 0 Paul C Santucci 3 X 0 0 0 Molly Easo Smith 3 X 0 0 0 Mary Kay Stratis 5 X 0 0 0 Steven Weinstein 3 X 0 0 0 Susan Welsh DC 3 X 0 0 0 Patrick J Zenner 10 X 0 0 0 Cecil A Abrahams 50 X 188099 0 17643 Christopher A Capuano 70 X 230077 0 45143 John M Codd Esq 60 X 52516 0 0 Sheldon Drucker 60 X 274926 0 52168 Hania Ferrara 55 X 194517 0 46174 Kenneth R Greene 55 X 208149 0 41875 Joseph J Kiernan 62 X 205181 0 32267 Richard P Reiss 50 X 255345 0 52483 Richard A Riccio 60 X 199381 0 43273 Wayne M Richardson Esq 40 X 205601 0 30557 Neal M Sturm 60 X 169692 0 18625 Jonathan Wexler 70 X 170471 0 23901 Martha C Young 45 X 53781 0 32104 Patti A Mills 55 X 179927 0 24806 William M Moore 58.5 X 199378 0 26227 Ruth E Nemire 60 X 216481 0 40173 Kenneth T Vehrkens 70 X 178774 0 42194 Geoffrey S Weinman 65 X 180526 0 43335 Michael J Avaltroni 50 X 170397 0 43611 Ronald E Calissi Esq 50 X 162034 0 18619 Brian D Domenick 55 X 162985 0 41271 Richard C Frick 65 X 156281 0 33955 Diana L Marin Esq 60 X 156758 0 10837 4511963 0 813909 142 0 1 0 Gourmet Dining Services 285 Madison Avenue Madison NJ 07940 Food Services 7078480 Hollister Construction Services 777 Terrace Avenue Hasbrouck Heights NJ 07604 Construction Services 4462418 Collins Building Services Court Square Pl 24-01 44th Rd LIC NY 11101 Building - Cleaning 2627990 ISS TMC Services Inc 81 Dorsa Avenue Livingston NJ 07039 Bldg - Mechanical Maint 1745470 Torcon Inc 328 Newman Springs Road Red Bank NJ 07701 Construction Services 1254380 38 100279 0 502456 0 3669313 3714559 107985 7986607 Tuition 611310 219549027 219549027 0 0 Student Residence 611310 20049461 20049461 0 0 Student Fees 611310 10332488 10332488 0 0 Student Food Svc 611310 8500108 8500108 0 0 2881848 2872008 9840 0 261312932 834739 0 0 834739 0 0 0 0 12257 0 0 12257 1659418 0 0 0 1659418 0 1659418 0 0 1659418 11223357 0 11217084 0 6273 0 6273 0 0 6273 85560 502456 243319 -157759 0 -157759 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 271654467 261303092 9840 2354928 0 0 64167976 64167976 2197648 2197648 0 0 4490761 2049315 2128758 312688 161833 161833 0 0 86440045 77222224 8490004 727817 5215271 4551889 606014 57368 19878659 17803285 1895900 179474 6787554 5924177 788714 74663 0 0 0 0 802378 0 802378 0 336999 0 336999 0 174663 174663 0 0 182007 182007 76841 0 76841 0 10439034 9817237 619449 2348 1216243 1207033 9210 0 7389691 6541112 757532 91047 5543607 4768471 775136 0 36872 21517 15355 0 18483198 17836048 647090 60 2849142 2692598 146590 9954 0 0 0 0 3657536 3269337 326733 61466 5449293 5361310 87983 0 0 0 0 0 8318800 7744012 574090 698 3010371 2125937 884434 0 Bad Debt Expense 2446000 2446000 0 0 Books and Periodicals 802413 761060 40110 1243 Student Activity Fees 601103 601113 -10 0 Furniture & Equip (non-capital) 544826 496092 48106 628 2222517 1465515 755564 1438 263923281 241407402 20812980 1702899 76841589 79836330 1689490 2200578 17366042 18490486 0 0 0 0 0 0 0 0 4194183 4556905 277179535 107307555 160145700 169871980 33818392 34375929 30000 30000 86989 86989 294172385 309449197 20638290 25817052 0 0 2007961 2212262 103426678 99525296 0 0 0 0 0 0 0 0 45588555 51428289 171661484 178982899 X 89252388 99927623 17200487 13591698 16058026 16946977 122510901 130466298 294172385 309449197 X 7731186 224211 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 174663 174663 241232739 241407402 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 150015 169718 174847 174663 669243 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 31274383 4064623 822964 794772 463125 0 34904073 23928198 3022003 5454552 681436 448934 0 31274383 20072125 2264012 2692448 683867 416520 0 23928198 23755590 1870557 -4473697 706900 373425 0 20072125 0.31 0.69 0 0 0 0 18675613 18675613 0 218503387 89280963 129222424 0 810086 330325 479761 0 26636841 17696267 8940574 0 12553608 0 12553608 169871980 0 Post-retirement benefits liability 30534624 U.S. government grants refundable 9310058 Fin 47 asset retirement obligations 7018186 Deferred Liabilities 2919864 Misc. Other 1645557 51428289 271654467 263923281 7731186 224211 0 0 0 0 224211 7955397 272084034 224211 0 0 0 224211 271859823 76841 -282197 -205356 271654467 264128637 0 0 0 0 0 264128637 76841 -282197 -205356 263923281 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The University's endowment fund provides continuous support for student assistance, faculty retention and recruitment, and essential maintenance of our campuses. Endowed scholarships enable the University to expand need and merit based awards. Programmatic endowments allow for the overall enhancement of programs such as technology, research, library acquisitions, and closest to the mission of the University, Global Education and research benefiting student learning and faculty instruction. Faculty endowments include Endowed Chairs and Endowed Professorships. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Reclassifications between Revenue and Expense 990 reporting ($243,319), special event purpose +($2,545) unrealized gain on investment + ($48,590) budget transfer elimination + reclassification between Expense and Revenue $12,257. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Reclassifications between Revenue and Expense 990 reporting ($243,319), special event purpose +(2,545) unrealized gain on investment +($48,590) budget transfer elimination + reclassification between Expense and Revenue $12,257. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 In all recruitment efforts, applications, official publications for registration, including radio and TV media, a statement is set forth to advertise our racially non-discriminatory policy. SchE_P01_S00_L06 Schedule E, Part I, Line 6 In 1990-91, the federal government suspended payments for financial aid for nursing loans because the default rate exceeded the maximum allowable rate. As of June 1991, the default rate was reduced to below the maximum allowable rate and the suspension was lifted. 1 Europe (including Iceland and Greenland) 1 33 Program Services Higher Education 2289014 North America (including Canada and Mexico, but not the United States) 1 83 Program Services Higher Education 3944347 North America (including Canada and Mexico, but not the United States) 0 59 Program Services Mktg Commission 491655 Europe (including Iceland and Greenland) 0 1 Program Services MBA Study Abroad 127067 South America 0 1 Program Services MBA Study Abroad 1485 East Asia and the Pacific 0 0 Program Services Business Mtg 2761 Europe (including Iceland and Greenland) 0 0 Program Services Recruitment 18873 South Asia 0 0 Program Services Recruitment 59714 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Recruitment 7408 East Asia and the Pacific 0 0 Program Services Recruitment 104689 Middle East and North Africa 0 0 Program Services Recruitment 37405 Europe (including Iceland and Greenland) 0 4 Program Services Intruction 34152 Sub-Saharan Africa 0 1 Program Services Instruction 1000 North America (including Canada and Mexico, but not the United States) 0 1 Program Services Instruction 2000 South Asia 0 1 Program Services IT Consultant 26620 Europe (including Iceland and Greenland) 0 1 Program Services Mktg Commission 1000 South Asia 0 8 Program Services Mktg Commission 44000 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 173414 South America 0 0 Program Services Study Abroad 38935 East Asia and the Pacific 0 0 Program Services Study Abroad 32544 Central America and the Caribbean 0 0 Program Services Study Abroad 48008 Central America and the Caribbean 0 0 Program Services Recruitment 3097 South America 0 0 Program Services Recruitment 26796 2 193 7515984 Univ funded scholarships North America (including Canada and Mexico, but not the United States) 301 n/a 1466653 Tuition A/R credit n/a Univ funded scholarships Europe (including Iceland and Greenland) 84 n/a 730995 Tuition A/R credit n/a 0 0 1 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 All grant funds awarded to students outside of the United States are posted electronically by the bursar to the tuition receivable account for each student. The University enrollment services office is provided with a weekly report identifying any student refunds. These procedures ensure that all funds are being applied and used for their intended educational purposes. SchF_P01_S00_L03 Schedule F, Part I, Line 3 The accrual method of accounting. SchF_P03_S00_L00 Schedule F, Part III The accrual method of accounting. SchF_P04_S00_L03 Schedule F, Part IV, Line 3 Fairleigh Dickinson University of British Columbia, Foundation (FDU-Vancouver) was incorporated under the Society Act, Victoria, British Columbia, Canada on July 19, 2006 and is a campus of Fairleigh Dickinson University, Teaneck, NJ, United States. X X X X X X X 1 Telecomp Inc 3375 Brighton Henrietta Townline Road Rochester NY 146232842 Design, management, and preparation of solicitation materials; direct mail and telephone solicitation of contributions; consultation and final written reports including statistical evaluation to the organization. 0 203981 182007 21974 203981 182007 21974 NJ Charter Day 408125 368425 39700 0 0 81903 58858 9050 19768 Robt Shields Event 76803 56563 20240 0 8647 14446 11020 0 793 2 103088 77468 25620 0 0 915 31529 2000 4390 588016 502456 85560 0 8647 97264 101407 11050 24951 243319 -157759 SchG_P01_S00_L02b Schedule G, Part I, Line 2b The agreement with Telecomp, Inc. distinguishes payments for professional fundraising services from expense payments by basing fundraising service payments on solicitation call volume and by charging for expenses such as postage at the actual first-class postage rate. The expense for telephone number research is billed at a set fee amount. 1 UNIVERSITY FUNDED SCHOLARSHIPS 4463 61460108 0 EDUCATIONAL OPPORTUNITY FUND 317 1095376 0 PRIVATE & ENDOWED SCHOLARSHIPS 485 1444030 0 MISC STATE & OTHER SCHOLARSHIPS 79 136462 0 PRIVATE & ENDOWED FELLOWSHIPS 7 32000 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 The University monitors its grants to ensure that such grants are used for proper purposes and are not otherwise diverted from the intended use by having the Enrollment Services Office provide the Financial Aid Office with a weekly report identifying any financial aid refunds to students. This process ensures that all grants and scholarships are being applied and used for their intended purpose. All financial aid is electronically posted directly to each students account by the bursar. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 J Michael Adams 229158 0 0 0 111528 0 26950 0 25718 0 393354 0 0 0 Cecil A Abrahams 174769 0 0 0 13330 0 0 0 4313 0 192412 0 0 0 Christopher A Capuano 215457 0 0 0 14620 0 25654 0 19489 0 275220 0 0 0 Sheldon Drucker 211197 0 0 0 63729 0 26950 0 25218 0 327094 0 0 0 Hania Ferrara 158204 0 0 0 36313 0 21255 0 24919 0 240691 0 0 0 Kenneth R Greene 143162 0 0 0 64987 0 18799 0 23076 0 250024 0 30000 0 Joseph J Kiernan 178307 0 0 0 26874 0 21846 0 10421 0 237448 0 0 0 Richard P Reiss 229195 0 0 0 26150 0 26950 0 25533 0 307828 0 0 0 Richard A Riccio 145390 0 0 0 53991 0 20164 0 23109 0 242654 0 0 0 Wayne M Richardson Esq 177228 0 0 0 28373 0 20165 0 10391 0 236157 0 0 0 Neal M Sturm 147346 0 0 0 22346 0 18211 0 414 0 188317 0 0 0 Jonathan Wexler 161702 0 0 0 8769 0 13536 0 10364 0 194371 0 0 0 Patti A Mills 157495 0 0 0 22432 0 14420 0 10386 0 204733 0 0 0 William M Moore 173704 0 0 0 25674 0 15808 0 10418 0 225604 0 0 0 Ruth E Nemire 185131 0 10000 0 21350 0 22550 0 17623 0 256654 0 0 0 Kenneth T Vehrkens 159541 0 0 0 19233 0 19112 0 23082 0 220968 0 0 0 Geoffrey S Weinman 160371 0 0 0 20155 0 20234 0 23101 0 223861 0 0 0 Michael J Avaltroni 153947 0 0 0 16450 0 18150 0 25461 0 214008 0 0 0 Ronald E Calissi Esq 155285 0 0 0 6749 0 15824 0 2794 0 180652 0 0 0 Brian D Domenick 148054 0 0 0 14931 0 18205 0 23066 0 204256 0 0 0 Richard C Frick 142601 0 0 0 13680 0 10944 0 23011 0 190236 0 0 0 Diana L Marin Esq 128223 0 0 0 28535 0 10557 0 280 0 167595 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a In limited circumstances when the President is engaged in University-related activities requiring travel, he may be accompanied by his wife when her presence is considered to have a bona fide business purpose, and such travel is approved in advance by the Chairman of the Board of Trustees. The President receives an annual housing allowance which is included in reportable compensation on form W-2. The IRS includes Airline Clubs in the definition of Social Clubs. Payment of airline club dues is provided only when membership has a University business purpose. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Board of Trustees Compensation Committee is responsible for making recommendations to the Board of Trustees Executive Committee concerning compensation of the University President, and setting compensation and other terms and conditions of employment for officers of the University in consultation with the President. The process for determining compensation includes retaining an independent firm triennially to study executive compensation to assure that the compensation of each officer is consistent with market trend and in compliance with regulations. The Compensation Committee is also responsible for conducting or commisioning any other necessary survey or studies and report the results of such surveys and studies to the Board of Trustees. Meetings and decisions of this Committee are documented contemporaneously in Committee minutes. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 A 457(f) supplemental retirement plan payment in the amount of $36,770.04 was distributed to Provost Kenneth Greene during the calendar year ending December 31, 2011. New Jersey Educational Facilities Authority FDU Issue 2004 Series C 221829511 64605LQA9 2004-07-14 35572504 Refunding of NJEFA 1993 Series C 0 0 0 New Jersey Educational Facilities Authority FDU Issue 2006 Series G & H 221829511 64605KCZ1 2006-06-29 16652544 Refunding of NJEFA 1998 G & H various loans 0 0 0 New Jersey Educational Facilities Authority Safety Trust Fund Bonds Series 2003 A 221829511 64605NBU7 2003-10-09 598793 Financing Dormitory Safety Improvements 0 0 0 0 0 36104646 3208950 0 0 620577 0 0 32275119 0 0 2004 1 0 1 1 0 0 18050500 1128635 0 0 279120 0 0 16642745 0 0 2006 1 1 1 1 0 0 602022 0 0 0 9101 0 0 592921 0 0 2004 0 0 1 1 0 0 1 1 0 0 0.004 0.004 1 0 0 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X SchK_P01_S00_L00e Schedule K, Part I, Column e The Total Proceeds of Issue in Part II include investment earnings for each bond issue. SchK_P03_S00_L03a Schedule K, Part III, Line 3a The University maintains a janitorial service contract which is solely incidental to the primary function of the financed facility, and is therefore excluded from private business use pursuant to Rev. Proc. 97-13, Sec. 1.141-3(b)(iii)(a) safe harbor rules. X 4 72139 Market X Two lamps 1 150 Market X Mahogany table 1 850 Market X Walnut desk 1 1500 Market X Toiletries & snacks 1 1847 Market X Gift Card 1 1000 Market X Exercise equipment 1 1599 Market X Athletic supplies 1 79 Market X Stone bench & plaque-Wroxton 1 1821 Market X Jets suite 1 25000 Market X Chapel altar 1 2000 Market 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I The University is reporting in Part I, column (b) the number of contributions received. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 President J Michael Adams served as a member of the Board of Directors of First Sealord Surety, Inc., Villanova, PA. Kenneth L. Brier serves as a Trustee on the Fairleigh Dickinson University Board of Trustees and also as Chief Executive Officer of Sealord LLC, and on the Board of Directors of First Sealord Surety, Inc. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The University's Board of Trustees assigned the primary responsibility for the detailed review of Form 990 to the Finance Audit and Budget Committee (the "FABC") of the Board. The FABC has worked closely with management to become familiar with the requirements and to ensure that the University's policies and procedures accurately reflect its operations. Form 990 was reviewed by management with oversight responsibility prior to submission to the governing body for review. The FABC reviewed the Form 990 (excluding Schedule B due to the confidential nature of the information) at its meeting on April 17, 2013, after receiving the draft document several days in advance. This review also included the University's officers. Form 990 was subsequently distributed by mail to all members of the Board of Trustees for their review prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Fairleigh Dickinson University is committed to the highest standards of ethics in all aspects of the operation of the University and has a written conflict of interest policy for all members of the University community (trustees, officers, faculty members, staff members, student employees, consultants or anyone else who has an official affiliation with the University). This policy requires trustees, officers, faculty members, and staff members to avoid conflicts of interest, and the appearance of impropriety in University transactions. Trustees, officers, and key employees are required to provide a signed conflict of interest disclosure annually to the University's general counsel, who is responsible for the administration of the policy. The policy states that no member shall make recommendations, vote, deliberate, or participate in decision-making where a conflict exits. The University's conflict of interest policy is also available on the University's website. It calls for any member of the University to make disclosures regarding policy violation to the general counsel for investigation. In addition, the University's Finance Department monitors payment requests and flags questionable items. Such items are referred to the general counsel for analysis, investigation, and guidance. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Trustees Compensation Committee is responsible for making recommendations to the Board of Trustees Executive Committee concerning compensation of the University President, and setting compensation and other terms and conditions of employment for officers of the University in consultation with the President. The process for determining compensation includes retaining an independent firm triennially to study executive compensation to assure that the compensation of each officer is consistent with market trend and in compliance with regulations. The most recent study was completed in 2010. The Compensation Committee is also responsible for conducting or commissioning any necessary survey or studies and report the results of such surveys and studies to the Board of Trustees. Meetings and decisions of this Committee are documented contemporaneously in Committee minutes. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The University's conflict of interest policy and financial statements are made available to the general public on the University's website at www.fdu.edu. The conflict of interest policy, financial statements, and governing documents are also available upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized gains. Fairleigh Dickinson University of British Columbia Foundation 842 Cambie Street Vancouver British Columbia CA V6B 2P6 Education CA 7351776 3834763 Fairleigh Dickinson University HARBINGER CORPORATION c/oFairleigh Dickinson Univ 1000 River Rd Teaneck NJ 07666 222317172 INACTIVE NJ N/A C -2350 500 1 CHARITABLE REMAINDER UNI-TRUST 2 2333 Southern Pines Place Deland FL 32724 227653678 TRUST NJ N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CHARITABLE REMAINDER UNI-TRUST 2 a-i 8227 Cash SchR_P01_S00_L00 Schedule R, Part I Fairleigh Dickinson University of British Columbia, Foundation (FDU-Vancouver) is a campus of Fairleigh Dickinson University, incorporated under the Society Act on July 19, 2006 at Victoria, BC, Canada.