2013-05-08T15:10:51-05:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2011-07-01 231353385 SUSQUEHANNA UNIVERSITY SUSQ 5703724128 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 MICHAEL A COYNE 5703724128 2013-05-07 1 TROY E MARINE CPA P00187863 4147775500 2013-05-07 2011 2016-02-25 16:41:14Z L JAY LEMONS 514 UNIVERSITY AVENUE SELINSGROVE PA 178701164 110940394 0 X WWW.SUSQU.EDU X 1859 PA TO EDUCATE UNDERGRADUATE STUDENTS FOR PRODUCTIVE, CREATIVE, AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE AND INTERCONNECTED WORLD. 36 28 2057 942 108135 -109 7544126 12102202 92689429 96236608 75085 68543 2307872 2533041 102616512 110940394 31983731 35072627 0 0 38607624 39026245 27400 0 2307830 32254615 32413258 102873370 106512130 -256858 4428264 310867773 311575156 84277528 81254828 226590245 230320328 TO EDUCATE UNDERGRADUATE STUDENTS FOR PRODUCTIVE, CREATIVE, AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE AND INTERCONNECTED WORLD. 0 0 97153489 35072627 98661514 PROVIDING A COMPREHENSIVE POST-SECONDARY EDUCATIONAL EXPERIENCE TO 2,261 (FTE) STUDENTS. 97153489 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 1 213 0 1 2057 1 1 1 0 0 0 0 0 0 0 0 0 X 36 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA CO CT FL GA IL KS KY ME MD MA NH NJ NY OH TN UT VA WA DC WV X X MICHAEL A COYNE 5703724128 514 UNIVERSITY AVE SELINSGROVE PA 178701164 LARRY JAY LEMONS 55.00 X X 431269 0 95758 ALAN BENNETT 1.00 X 0 0 0 BARRY JACKSON 1.00 X 0 0 0 BONNIE BUCKS REECE 1.00 X 0 0 0 BRUCE FICKEN 1.00 X 0 0 0 DAVID STEINAU 1.00 X 61192 0 10708 DAWN MUELLER 1.00 X X 0 0 0 EDWARD SCHMIDT 1.00 X 0 0 0 FRANK LEBER 1.00 X 0 0 0 FRANK TREMBULAK 1.00 X X 0 0 0 GEORGE LIBEROPOULOS 1.00 X 0 0 0 HAROLD O'CONNOR 1.00 X 0 0 0 JAMES SUMMERS 1.00 X 0 0 0 JEFFREY ROUSH 1.00 X 0 0 0 JOHN CARPENTER 1.00 X X 0 0 0 JOHN STRANGFELD 1.00 X X 0 0 0 JOSEPH PALCHAK 1.00 X 0 0 0 KATHI FLACK 1.00 X 0 0 0 LINDA FETTEROLF 1.00 X 0 0 0 MARK BURKHARDT 1.00 X 0 0 0 MARTIN ORTENZIO 1.00 X 0 0 0 MARTIN PINTER 1.00 X 0 0 0 MARY CIANNI 1.00 X 0 0 0 MICHAEL COLLINS 1.00 X 0 0 0 MICHELE DEMARY 1.00 X 65486 0 11659 PETER NUNN 1.00 X X 0 0 0 JOHN YOST 1.00 X 0 0 0 ROBERT GRONLUND 1.00 X 0 0 0 SALVATORE FAZZOLARI 1.00 X 0 0 0 SANDRA ROCKS 1.00 X 0 0 0 SARAH MEYERS 1.00 X 0 0 0 SEWARD PROSSER MELLON 1.00 X 0 0 0 SHAWN BERKEBILE 1.00 X 0 0 0 SIDNEY APFELBAUM 1.00 X 0 0 0 SIGNE GATES 1.00 X X 0 0 0 TEAGUE EMERY 1.00 X 0 0 0 WILLIAM LEWIS 1.00 X 0 0 0 WILLIAM SORDONI 1.00 X 0 0 0 SARA KIRKLAND 55.00 X 216601 0 38489 MICHAEL COYNE 55.00 X 204034 0 28161 CARL MOSES 55.00 X 233930 0 29922 ALICIA JACKSON 55.00 X 153801 0 19968 DEBORAH STIEFFEL 55.00 X 163076 0 25789 PHILIP WINGER 55.00 X 123391 0 25016 RONALD COHEN 55.00 X 156375 0 25424 VALERIE MARTIN 55.00 X 120296 0 12913 LINDA MCMILLIN 55.00 X 118708 0 16186 2048159 0 339993 27 1 1 0 0 929131 11173071 309187 12102202 TUITION, ROOM & BOARD 900099 96236608 96236608 96236608 68543 68543 RELATED PROGRAMMING 812900 2424906 2424906 OTHER 812900 108135 108135 2533041 110940394 98661514 108135 68543 144356 144356 34920271 34920271 8000 8000 1060121 240778 819343 26896394 23247916 2263295 1385183 2198133 1867709 208765 121659 7008398 6082703 708076 217619 1863199 1580884 187735 94580 238643 238643 90313 90313 26751 26751 349000 349000 1439207 1051335 364914 22958 2672297 2128155 353778 190364 922740 16045 906695 3237446 3210637 19671 7138 2009726 1869849 51526 88351 890557 690307 199040 1210 2971927 2971927 8331440 8331440 190769 190769 FOOD SERVICES 3919006 3919006 OFF CAMPUS STUDY 1307989 1307989 EQUIPMENT/R&M 1033157 944193 81986 6978 LIBRARY MATERIALS 308932 308932 2473358 1982101 319467 171790 106512130 97153489 7050811 2307830 3012 3360 2928876 4450873 10246779 6379940 1473193 1759618 16005 5515 304420 313802 844746 930159 238709484 93597035 141034147 145112449 123843544 118522250 23859846 28126037 3189781 2844530 3123424 3126623 310867773 311575156 7346336 5909135 1237339 1147582 69254681 67564367 6439172 6633744 84277528 81254828 X 125699416 129361988 35829407 28180737 65061422 72777603 226590245 230320328 310867773 311575156 X 4428264 -698181 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 26740 0 0 26740 0 PART IV, SUPPLEMENTAL INFORMATION: PART II-B, LINE 1(G), OTHER LOBBYING ACTIVITIES: DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY. 899832 X X X X 0 117423088 7716481 304960 1441741 2827086 121175702 93009894 2904083 26205050 1499671 3196268 117423088 83712093 6099081 7611337 1349063 3063554 93009894 118609314 2387337 -32336722 1321951 3625885 83712093 0.23000 0.77000 0.00000 1 0 2547490 2547490 185265863 62890478 122375385 31515568 24169494 7346074 19380563 6537063 12843500 145112449 REAL ESTATE 10668771 F FUNDS HELD IN TRUST BY OTHERS 3702164 F HEDGE FUNDS 9239775 F ALTERNATIVE INVESTMENTS 4515327 F 28126037 ANNUITIES PAYABLE 1986024 FUNDS HELD IN CUSTODY FOR OTHERS 1014709 OTHER 950594 US GOVERNMENT ADVANCES REFUNDABLE 2335037 FIN47 347380 6633744 110940394 106512130 4428264 -5223635 349000 4176454 -698181 3730083 109893213 -5223635 4176454 -1047181 110940394 0 110940394 106163130 0 106163130 349000 349000 106512130 PART III, LINE 4: THE MAJORITY OF UNIVERSITY'S ART COLLECTION IS 1,600 FRENCH POSTERS. THESE ARE RESEARCHED AND EXHIBITED BY FRENCH STUDENTS AND FACULTY MEMBERS. THEY ARE ARCHIVED IN A VAULT FOR PRESERVATION. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: SU'S ENDOWMENT SUPPORTS THE FOLLOWING AREAS: ACADEMIC & STUDENT SUPPORT (39%), SCHOLARSHIPS (39%), OTHER OPERATIONS & FACILITIES (22%). DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 AND 2011. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2009 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: ENDOWMENT INCOME 4,176,454. PART XII, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT INCOME 4,176,454. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 349,000. 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 UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND INCLUDES A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SUSQUEHANNA UNIVERSITY RECEIVES THE FOLLOWING TYPES OF GOVERNMENTAL AID: PELL GRANTS, SEOG GRANTS, WORK STUDY GRANTS, AND PHEAA STATE GRANTS. 1 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 1954624 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 586873 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 67174 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 55473 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 23915 CENTRAL AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 17364 MIDDLE EAST AND N. AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 13500 CENTRAL AMERICA 0 0 INVESTMENTS 9500000 0 0 0 0 0 0 12218923 0 12218923 X CENTRAL AMERICA GENERAL SUPPORT 8000 CHECK 22272 SUPPLIES FMV CENTRAL AMERICA GENERAL SUPPORT 0 24272 SUPPLIES FMV 2 0 1 0 0 0 0 0 GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OUTSIDE THE U.S. IS RELATED TO A SERVICE-LEARNING COURSE AND MISSION TRIP TAUGHT AND LED BY UNIVERSITY CHAPLAIN. THE PARTICIPANTS TRAVEL TO CENTRAL AMERICA FOR TWO WEEKS OVER THE WINTER BREAK WHICH LEADS TO TWO SEMESTER HOURS OF ACADEMIC CREDIT WHILE SERVING AT MISSION SITES INCLUDING CONGREGATIONS, CLINICS, REFUGEE AND IMMIGRANT COMMUNITIES, HOSPITALS AND AN ORPHANAGE. WHILE THERE THEY ALSO DISTRIBUTE SUPPLIES THEY'VE COLLECTED FOR THE TRIP. 1 SELINSGROVE BOROUGH ONE N HIGH ST SELINSGROVE PA 17870 236002939 LOCAL GOV'T 113000 GENERAL SUPPORT DAUNTLESS HOOK & LADDER 713 BRIDGE ST SELINSGROVE PA 17870 230510390 501(C)(3) 8000 GENERAL SUPPORT SNYDER COUNTY LIBRARY ONE N HIGH ST SELINSGROVE PA 17870 231731192 501(C)(3) 23356 GENERAL SUPPORT 3 DEAN SCHOLARSHIP 814 9085725 FMV CREDIT ON STUDENT ACCOUNTS SUSQUEHANNA SCHOLARSHIP 497 7439525 FMV CREDIT ON STUDENT ACCOUNTS PRESIDENTAL SCHOLARSHIP 158 2616185 FMV CREDIT ON STUDENT ACCOUNTS COMMUNITY AWARD 224 1393750 FMV CREDIT ON STUDENT ACCOUNTS VALEDICTORIAN/SALUTATORIAN SCHOLARSHIP 41 674000 FMV CREDIT ON STUDENT ACCOUNTS GREEN SCHOLARSHIP 34 444750 FMV CREDIT ON STUDENT ACCOUNTS TRANSFER SCHOLARSHIP 46 416500 FMV CREDIT ON STUDENT ACCOUNTS MUSIC SCHOLARSHIP 155 355750 FMV CREDIT ON STUDENT ACCOUNTS FOUNDERS SCHOLARSHIP 8 283200 FMV CREDIT ON STUDENT ACCOUNTS GO SHORT GRANT 110 266731 FMV CREDIT ON STUDENT ACCOUNTS UNIVERSITY ASSISTANTSHIP 16 255000 FMV CREDIT ON STUDENT ACCOUNTS SU ROTC ROOM AND BOARD SCHOLARSHIP 9 84400 FMV CREDIT ON STUDENT ACCOUNTS ACADEMIC SCHOLARSHIP 10 75500 FMV CREDIT ON STUDENT ACCOUNTS SCIENCE/MATH SCHOLARSHIP 5 71000 FMV CREDIT ON STUDENT ACCOUNTS MINISTERIAL SCHOLARSHIP 18 46250 FMV CREDIT ON STUDENT ACCOUNTS MATH ACHIEVEMENT SCHOLARSHIP 2 30000 FMV CREDIT ON STUDENT ACCOUNTS FOREIGN STUDENT SCHOLARSHIP 1 28360 FMV CREDIT ON STUDENT ACCOUNTS THEATER SCHOLARSHIP 4 18000 FMV CREDIT ON STUDENT ACCOUNTS SU YELLOW RIBBON SCHOLARSHIP 3 12161 FMV CREDIT ON STUDENT ACCOUNTS SU SERVICE SCHOLARSHIP 2 3000 FMV CREDIT ON STUDENT ACCOUNTS SAGE REWARDS PROGRAM 1 1570 FMV CREDIT ON STUDENT ACCOUNTS OTHER GRANTS 1184 11318914 FMV CREDIT ON STUDENT ACCOUNTS STUDENTS MAY BE AWARDED GRANT FUNDS ON THE BASIS OF ACADEMIC ACHIEVEMENT AND/OR FINANCIAL NEED. IN EACH CASE THE STUDENT CAN RETAIN ELIGIBILITY FOR FUNDING FOR AS MANY AS EIGHT SEMESTERS AS A FULL-TIME STUDENT, PROVIDED THE STUDENT MEETS THE RENEWAL CRITERIA SUCH AS GRADE POINT AVERAGE AND GRADE PROGRESSION AS OUTLINED IN THE UNIVERSITY CATALOGUE. INDIVIDUAL AWARD AMOUNTS ARE BASED UPON THE STUDENTS' COST TO ATTEND THE UNIVERSITY IN A GIVEN ACADEMIC YEAR. FACTORS INCLUDED IN THE CALCULATED COST INCLUDE TUITION, FEES, ROOM, BOARD, AND ESTIMATES FOR THE COSTS OF BOOKS AND PERSONAL EXPENSES DURING THE NINE MONTH ACADEMIC YEAR. AN INDIVIDUAL STUDENT MAY NOT RECEIVE MORE THAN THE COST OF TUITION FROM THE INSTITUTIONAL GRANT FUNDS. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LARRY JAY LEMONS 316320 0 0 0 114949 0 41000 0 54758 0 527027 0 0 0 SARA KIRKLAND 192534 0 0 0 24067 0 37210 0 1279 0 255090 0 0 0 MICHAEL COYNE 158411 0 0 0 45623 0 18800 0 9361 0 232195 0 0 0 CARL MOSES 192158 0 0 0 41772 0 21000 0 8922 0 263852 0 0 0 ALICIA JACKSON 144942 0 0 0 8859 0 15787 0 4181 0 173769 0 0 0 DEBORAH STIEFFEL 153518 0 0 0 9558 0 17000 0 8789 0 188865 0 0 0 RONALD COHEN 147767 0 0 0 8608 0 16150 0 9274 0 181799 0 0 0 LINDA MCMILLIN 96341 0 0 0 22367 0 12200 0 3986 0 134894 0 0 0 PART I, LINE 1A TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - THE UNIVERISTY GROSSES UP CERTAIN PAYMENTS TO KEY EMPLOYEES TO COVER TAXES. DISCRETIONARY SPENDING ACCOUNT - THE PRESIDENT HAS A RESTRICTED ACCOUNT USED FOR INSTITUTIONAL SPENDING ONLY. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO OCCUPY, WITH HIS FAMILY, A UNIVERSITY-OWNED AND MAINTAINED RESIDENCE. THE UNIVERSITY'S MAINTENANCE AND FACILITIES DEPARTMENTS PROVIDE THE NECESSARY LANDSCAPING, CLEANING, AND OTHER MAINTENANCE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE UNIVERSITY MAINTAINS FOR THE PRESIDENT A MEMBERSHIP TO ONE CLUB FOR BUSINESS PURPOSES; THE TOTAL COST OF THE DUES WAS $503. PERSONAL SERVICES - A HOUSEKEEPER IS EMPLOYED BY THE UNIVERSITY TO MAINTAIN THE PRESIDENT'S RESIDENCE AND AN OCCASIONAL DRIVER IS HIRED FOR AIRPORT TRAVEL. SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453CZ4 2006-03-22 31779663 PARTIAL BOND REFUND AND RESIDENCE HOUSING 0 0 0 SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 833453DR1 2008-09-25 29990252 RESIDENCE HALL AND ACADEMIC BUILDING 0 0 0 SNYDER COUNTY HIGHER EDUCATION AUTHORITY 232736780 NONEAVAIL 2009-07-23 6492500 REFUND SCHEA 1998 BONDS 0 0 0 31779663 529129 19005534 2008 1 0 1 1 29990252 301595 29688657 2010 0 0 1 1 6492500 90731 2010 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DISCLOSURE SUBJECT TO FERPA LAWS FERPA LAWS $119,680 MERIT SCHOLARSHIP DISCLOSURE SUBJECT TO FERPA LAWS FERPA LAWS $15,500 NEED-BASED SCHOLARSHIP FRANK TREMBULAK TRUSTEE 212298 MEDICAL FEES AND SERVICES: FRANK TREMBULAK, TRUSTEE, IS THE EXECUTIVE VICE PRESIDENT AND COO OF GEISINGER HEALTH SYSTEM. THE UNIVERSITY MAINTAINS A RELATIONSHIP WITH GEISINGER HEALTH SYSTEM FOR MEDICAL SERVICES. MR. TREMBULAK RECEIVED NO PERSONAL BENEFIT AS A RESULT OF THIS RELATIONSHIP BETWEEN THE UNIVERSITY AND GEISINGER HEALTH SYSTEM. THIS RELATIONSHIP IS DISCLOSED TO THE BOARD AND IN THE FINANCIAL STATEMENTS. 0 JOHN STRANGFELD TRUSTEE 191869 INVESTMENT MGMT FEES: JOHN STRANGFELD, CHAIRMAN OF THE UNIVERSITY'S BOARD, IS CEO AND CHAIRMAN OF PRUDENTIAL FINANCIAL. THE UNIVERSITY MAINTAINS AN INVESTMENT MANAGEMENT RELATIONSHIP WITH PRUDENTIAL PURSUANT TO WHICH PRUDENTIAL WAS PAID INVESTMENT MANAGEMENT FEES. MR. STRANGFELD RECEIVED NO PERSONAL BENEFIT AS A RESULT OF THE BUSINESS RELATIONSHIP BETWEEN THE UNIVERSITY AND PRUDENTIAL. THIS RELATIONSHIP IS DISCLOSED TO THE BOARD AND IN THE FINANCIAL STATEMENTS. 0 X 8418 MARKET VALUE X 20 259235 MARKET VALUE X 1 21 MARKET VALUE X 2 40545 MARKET VALUE X MEMBERSHIP 1 968 MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: IT IS THE UNIVERSITY'S GENERAL PRACTICE TO LIQUIDATE GIFTS OF PUBLICLY HELD STOCK AS QUICKLY AS POSSIBLE, UNLESS HOLDING THE STOCK IS DETERMINED TO BE IN THE BEST INTEREST OF THE UNIVERSITY BY THE VICE PRESIDENT FOR FINANCE IN CONSULTATION WITH ONE OF THE UNIVERSITY'S INVESTMENT ADVISORS. THE STOCK IS LIQUIDATED BY THE BROKERAGE FIRM JANNEY MONTGOMERY SCOTT ON 309 N. FIFTH ST., SUNBURY, PA 17801. FORM 990, PART VI, SECTION A, LINE 2 THERE IS A BUSINESS RELATIONSHIP BETWEEN TRUSTEES WILLIAM SORDONI AND FRANK TREMBULAK. FORM 990, PART VI, SECTION B, LINE 11 ALONG WITH A DETAILED REVIEW PREFORMED BY THE AUDIT COMMITTEE A LINK TO A PASSWORD-PROTECTED WEBSITE WAS EMAILED TO THE GOVERNING BODY WHERE THE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE WAS SENT TO THE GOVERNING BODY AND THE REPLIES WERE REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. THE REVIEW OF THE QUESTIONNAIRES FORMS THE BASIS FOR DISCLOSURE ON THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, A COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE ORGANIZATION'S EXECUTIVE COMMITTEE) OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION AND WHO RECEIVE REMUNERATION FROM THE ORGANIZATION, INCLUDING, AMONG OTHERS, THE PRESIDENT, EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION AND PLANNING, PROVOST AND DEAN OF THE FACULTY, AND VICE PRESIDENT FOR FINANCE. THE COMPENSATION COMMITTEE IS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT, WHICH OPINES TO THE COMPENSATION COMMITTEE THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. THE OUTSIDE COMPENSATION CONSULTANT PROVIDES DATA OF COMPENSATION PROVIDED AT SIMILAR ORGANIZATIONS TO ENSURE THAT THE UNIVERSITY DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THESE DOCUMENTS ON THE ORGANIZATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,223,635. INVESTMENT EXPENSES: 349,000. ENDOWMENT INCOME 4,176,454. TOTAL TO FORM 990, PART XI, LINE 5: -698,181. SUSQUEHANNA UNIVERSITY & ORTENZIO CHARITABLE TRUST 514 UNIVERSITY AVE SELINSGROVE PA 17870 806155309 SUPPORTS SUSQUEHANNA UNIVERSITY PA 501(C)(3) LINE 11A, I SUSQUEHANNA UNIVERSITY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0