2013-12-13T12:00:05-06:00 2013-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2012-07-01 314379560 OHIO DOMINICAN UNIVERSITY OHIO 6142514512 1216 SUNBURY ROAD COLUMBUS OH 432192086 DAVID KOSANOVIC 2013-12-12 true RACHEL SPURLOCK P00520729 6144690001 2012 2016-03-07 17:11:31Z DR PETER CIMBOLIC PHD 1216 SUNBURY ROAD COLUMBUS OH 43219 61331639 false X WWW.OHIODOMINICAN.EDU X 1911 OH AS A CATHOLIC LIBERAL ARTS UNIVERSITY IN THE DOMINICAN TRADITION, OHIO DOMINICAN UNIVERSITY IS GUIDED IN ITS EDUCATIONAL MISSION BY THE DOMINICAN MOTTO: TO CONTEMPLATE TRUTH AND TO SHARE WITH OTHERS THE FRUITS OF THIS CONTEMPLATION. OHIO DOMINICAN UNIVERSITY EDUCATES ALL INDIVIDUALS COMMITTED TO INTELLECTUAL, SPIRITUAL AND PROFESSIONAL GROWTH TO BECOME LIFELONG LEARNERS COMMITTED TO SERVING OTHERS IN A GLOBAL SOCIETY, AS ETHICAL AND EFFECTIVE LEADERS GROUNDED IN THE PURSUIT OF TRUTH, JUSTICE AND PEACE. 33 28 1029 55 86783 0 3042794 2108521 47239028 47756638 1557606 2337431 302124 397134 52141552 52599724 16742679 17333533 0 0 19708991 18835935 0 0 2034773 17789587 18970787 54241257 55140255 -2099705 -2540531 92239428 92509282 55112180 54195945 37127248 38313337 THE MISSION OF OHIO DOMINICAN UNIVERSITY IS THE PROVIDING OF DEGREE AND CONTINUING EDUCATION PROGRAMS FOR THE INTELLECTUAL DEVELOPMENT AND GROWTH IN TRUTH OF EACH STUDENT. IN KEEPING WITH THE DOMINICAN TRADITION, EDUCATIONAL EXPERIENCES ARE GROUNDED IN THE LIBERAL ARTS, FOSTER THE DEVELOPMENT OF SPIRITUAL, AESTHETIC, AND ETHICAL VALUES, PROMOTE PHYSICAL AND MENTAL HEALTH, AND PROVIDE FOR THE DEVELOPMENT AND RESPONSIBLE USE OF HUMAN SKILLS AND TALENTS IN PROFESSIONAL AND SOCIAL SERVICE. false false 44008541 17333533 42326635 POST-SECONDARY EDUCATION INSTRUCTION OF 634 FULL TIME EQUIVALENT (FTE) STUDENTS DURING SUMMER TERM 2012, 2028 FTE DURING FALL SEMESTER 2012 AND 1925 FTE DURING SPRING SEMESTER 2013. 3375957 0 5765725 AUXILIARY ENTERPRISES ROOM AND BOARD CHARGES FOR 548 RESIDENT STUDENTS. THIS ALSO INCLUDES SOME BOARD CHARGES FOR COMMUTER AND NON-RESIDENT STUDENTS, FACULTY AND STAFF. 47384498 true true false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false true 3370 0 true 1029 true true true false false false false true true true 1 false false false X 33 28 false false true false false false false true true false false true true true true true true true true false X DAVID A KOSANOVIC 6142514512 1216 SUNBURY ROAD COLUMBUS OH 43219 MICHAEL KELTY 1.00 X X 0 0 0 PETER CIMBOLIC 40.00 X X 342154 0 97247 SR JANICE BACHMAN 1.00 X X 0 0 0 THOMAS MUELLER 1.00 X X 0 0 0 ANNA PARKMAN 1.00 X 74030 0 9111 BETHANY MOLNAR 1.00 X 312 0 0 CHARLES GEHRING 1.00 X 0 0 0 DR STERLING HEDRICK 1.00 X 0 0 0 GUY REECE II 1.00 X 0 0 0 JOHN F KELLEY III 1.00 X 0 0 0 JOHN SANDMAN 1.00 X 0 0 0 JONATHAN BEARD 1.00 X 0 0 0 JONATHAN MICHAEL 1.00 X 0 0 0 MARGARET CORBETT SULLIVAN 1.00 X 0 0 0 MARY JO LAHIFF CASEY 1.00 X 0 0 0 NANCY RECCHIE 1.00 X 2200 0 0 PATRICK MCCURDY 1.00 X 0 0 0 RALPH BREITFELLER 1.00 X 0 0 0 REV FREDERICK F CAMPBELL 1.00 X 0 0 0 REV MSGR JOSEPH HENDRICKS 1.00 X 0 0 0 RICHARD MAXWELL 1.00 X 0 0 0 ROBERT WEILER 1.00 X 0 0 0 SR BARBARA RAPP 1.00 X 0 0 0 SR BARBARA SULLIVAN 1.00 X 0 0 0 SR CATHERINE MAHADY 1.00 X 0 0 0 SR JOAN SCANLON 1.00 X 0 0 0 SR JOANNE CANIGLIA 1.00 X 0 0 0 SR KATHLEEN CANNON 1.00 X 0 0 0 SR MARIA CIRIELLO 1.00 X 0 0 0 SR MARY FAITH GEELAN 1.00 X 0 0 0 SR MARY HOPE SIERON 1.00 X 0 0 0 THOMAS WINTERS 1.00 X 6300 0 0 WILLIAM EBBING 1.00 X 0 0 0 CANDIE LESTER 40.00 X 60925 0 8426 DAVID KOSANOVIC 40.00 X 155460 0 20304 ALISON BENDERS 40.00 X 126751 0 13100 DAVID PAULK 40.00 X 124870 0 15141 FREDERICK LASSITER 40.00 X 111335 0 28783 MARY ALICE MILLER 40.00 X 120877 0 25477 RONALD CARSTENS 40.00 X 110213 0 26693 1235427 0 244282 7 false true false SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 DINING & FACILITIES MANAGEMENT 4622438 MESSER CONSTRUCTION 3705 BUSINESS PARK DR COLUMBUS OH 43204 CONSTRUCTION 2655682 BRECOH GA LLC 3675 CREWTWOOD PKWY STE 350 DULUTH GA 30096 PROPERTY MANAGEMENT 567455 MJW GRAPHICS 5646 NAICHE RD COLUMBUS OH 43213 PRINTING & PROMOTIONS 152890 XEROX CORPORATION 45 GLOVER AVE PO BOX 4505 NORWALK CT 06856 EQUIPMENT SERVICE 150757 7 0 0 134889 0 824296 1149336 22215 2108521 TUITION AND FEES 611310 42077696 42077696 0 0 AUXILIARY ENTERPRISES-ROOM AND BOARD 611310 5678942 5678942 0 0 0 0 0 0 0 0 47756638 1971186 0 1971186 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8979392 0 8613147 0 366245 0 366245 0 366245 93397 134889 118768 -25371 0 -25371 0 0 0 0 0 0 0 0 0 0 0 0 INSURANCE REIMBURSEMENT 900099 119769 119769 0 CONFERENCE REVENUE 900099 54783 0 54783 0 SPORTING EVENT TICKET SALES 711210 23465 23465 224488 192488 32000 0 422505 52599724 48092360 86783 2312060 0 0 17333533 17333533 0 0 0 0 707119 91953 395465 219701 0 0 0 0 14334348 11968709 1503551 862088 808689 706483 69098 33108 1726985 1351946 237698 137341 1258794 945802 214424 98568 2316452 1898188 304546 113718 17722 0 17209 513 61000 0 61000 0 0 0 0 0 0 0 188115 0 188115 0 3715959 3183503 454650 77806 375435 109504 259675 6256 1701128 1349011 261746 90371 319122 123585 131782 63755 0 0 0 0 2282561 1625402 606933 50226 558673 492470 52578 13625 0 0 0 0 1819108 1703491 96739 18878 1155936 947867 150272 57797 0 0 0 0 3455273 2833324 449185 172764 282243 76296 205947 0 REPAIRS & MAINTENANCE 119774 119774 0 0 STUDENT ACTIVITIES EXPENSE 92583 92583 0 0 VEHICLE EXPENSE 72903 67702 1073 4128 BAD DEBT EXPENSE 35818 35818 0 400982 327554 59298 14130 55140255 47384498 5720984 2034773 0 0 0 0 4862937 53639 611917 5673119 536603 312038 810581 947040 0 0 2463593 2304738 61197 49228 46220 25176 99560608 42126610 58211187 57433998 22611063 23772771 0 0 0 750000 500000 1274130 1437535 92239428 92509282 2128467 1159031 2050019 2324027 41935000 40570000 0 4848668 6972398 4150026 3170489 55112180 54195945 X 21428900 20966688 5554867 6708376 10143481 10638273 37127248 38313337 92239428 92509282 X -2540531 2591384 0 1135236 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17878350 471729 2701942 861469 482550 19708002 19145931 43194 -657895 426610 226270 17878350 16633135 27335 3120530 409528 225541 19145931 15118689 115676 1920190 305870 215550 16633135 17158660 188981 -1977152 251800 15118689 0.24320 0.50490 0.25190 true false 0 4653126 4653126 0 76352237 28089490 48262747 0 0 0 0 0 16282807 14037120 2245687 0 2272438 0 2272438 57433998 0 CONTRIBUTIONS PAYABLE 91640 FAIR VALUE OF INTEREST RATE SWAP 3078849 3170489 X Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT IS MAINTAINED PRIMARILY FOR THE BENEFIT OF STUDENTS WHOM DISBURSEMENTS ARE MADE FOR SCHOLARSHIPS. A PORTION OF THE ENDOWMENT IS AVAILABLE FOR OPERATIONS ONLY IF THE BOARD OF TRUSTEES AUTHORIZES SUCH USE. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICES HAS RULED THAT THE UNIVERSITY IS A TAX-EXEMPT EDUCATIONAL INSTITUTION UNDER § 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN §501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2013 OR 2012. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES FOR THE YEAR ENDED JUNE 30, 2013 OR 2012. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 OHIO DOMINICAN UNIVERSITY IS IN COMPLIANCE WITH REVENE PROCEDURE 75-50. THE UNIVERSITY PUBLISHES A NOTICE OF ITS NON-DISCRIMINATORY POLICY WITH THE MEDIA PERIODICALLY THROUGHOUT THE YEAR AND PUBLICALLY DISCLOSES THIS POLICY ON ITS WEBSITE. THIS POLICY IS ALSO PRINTED IN THE UNVERSITY CATALOG WHICH IS DISTRIBUTED TO PROSPECTIVE STUDENTS AND ON OUR FINANCIAL AND AWARD NOTICES THAT ARE ISSUED TO CURRENTLY ENROLLED STUDENTS. Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a OHIO DOMINICAN UNIVERSITY RECEIVES FEDERAL AND STATE FUNDS IN RESPECT TO STUDENT FINANCIAL AID AND GRANTS FOR SPECIFIC UNIVERSITY PROJECTS. BLACK AND GOLD 201864 119168 82696 0 31137 0 38819 0 33296 GOLF TEAM GOLF OUTING 10160 6040 4120 0 0 3825 0 0 197 2 16262 9681 6581 0 0 2653 1136 0 7705 228286 134889 93397 0 31137 6478 39955 0 41198 118768 -25371 true FEDERAL WORK STUDY PROGRAM 197 236722 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 211 177988 OHIO DOMINICAN UNIVERSITY ACADEMIC SCHOLARSHIP 179 335985 OHIO DOMINICAN UNIVERISTY GENERAL GRANTS 2462 15835681 STAFF/EMPLOYEE BENEFITS AND OTHER DISCOUNTS 234 747157 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 SCHOLARSHIPS, GRANTS AND LOANS ARE AWARDED BASED ON NEED (AS DETERMINED BY A STANDARDIZED FINANCIAL AID FORM), ACADEMIC ACHIEVEMENT AND/OR LEADERSHIP. RECIPIENTS ARE CHOSEN BASED ON OBJECTIVE CRITERIA WHICH ARE CONSISTENT WITH THE OVERALL TAX-EXEMPT PURPOSE OF THE UNIVERSITY. THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINSTRATION OF ITS FINANCIAL AID PROGRAMS. ANY ESTIMATES UTILIZED ARE BASED ON CALCULATED AVERAGE AWARDS EXTENDED TO COMPARABLE GROUPS. ALL AWARDS ARE DISBURSED DIRECTLY TO THE UNIVERSITY AND NOT TO THE RECIPIENT. X X true true X X X X false true false false false false false false false PETER CIMBOLIC 285567 0 0 0 56587 0 73262 0 23985 0 439401 0 0 0 DAVID KOSANOVIC 154747 0 0 0 713 0 13068 0 7236 0 175764 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a A HOUSING ALLOWANCE IS PAID TO THE PRESIDENT AS PART OF THE COMPENSATION AGREEMENT. THE ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a A COUNTRY CLUB BUSINESS MEMBERSHIP IS HELD BY THE UNIVERSITY FOR USE BY THE PRESIDENT, STAFF MEMBERS AND FOR UNIVERSITY EVENTS. USE IS STRICTLY FOR BUSINESS PURPOSES, THUS IS NOT TREATED AS TAXABLE COMPENSATION. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b A CONTRIBUTION IN THE AMOUNT OF $50,000 WAS MADE TO THE COLLEGE PRESIDENT'S SECTION 457(F) DEFERRED COMPENSATION PLAN. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION OHIO BOARD OF REGENTS 346849674 67756BUH1 2007-07-16 45095000 CONSTRUCTION, REFINANCING OF OLDER BOND DEBT false false false A 4525000 0 45095000 0 0 13183648 426123 94163 0 31391066 0 0 2010 true false true true A false false true true false false 0.0000 0.0000 0.0000 false false 0.0000 false false A false false false true true true JP MORGAN CHASE 10.0 false false false 0 false false false A false WRITTEN PROCEDURES SCHEDULE K, PART III, LINE 9 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. WRITTEN PROCEDURES SCHEDULE K, PART IV, LINE 7 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. WRITTEN PROCEDURES SCHEDULE K, PART V THE ORGANIZATION IS IN THE PROCESS OF ADOPTING WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. PRIVATE BUSINESS USE- MANAGEMENT CONTRACTS SCHEDULE K, PART III, LINE 3A THE ORGANIZATION HAS MANAGEMENT/SERVICE CONTRACTS THAT RELATE TO BOND FINANCED SPACE THAT QUALIFY UNDER THE SAFE HARBOR EXCEPTIONS OF THE APPLICABLE REGULATIONS. ISSUER NAME: OHIO HIGHER EDUCATIONAL FACILITY COMMISSION OHIO BOARD OF REGENTS: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON JULY 12, 2012. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a ARTICLE IV PROCEDURES, SECTION 6. COMMITTEES: B. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON OF THE BOARD WHO SHALL SERVE AS ITS CHAIRPERSON, THE PRESIDENT OF THE UNIVERSITY, THE PRIORESS OF THE CONGREGATION, OR DESIGNEE, THE VICE CHAIRPERSON OF THE BOARD, THE CHAIRPERSON-ELECT AND THE CHAIRPERSON OF EACH OF THE DULY CONSTITUTED STANDING COMMITTEES. IT SHALL BE SUBORDINATE AND RESPONSIBLE TO THE BOARD OF TRUSTEES AND, SUBJECT TO THE LIMITATIONS SET FORTH HEREIN, SHALL HAVE ALL THE POWERS AND DUTIES OF THE BOARD BETWEEN THE REGULAR MEETINGS; PROVIDED, THAT THE EXECUTIVE COMMITTEE SHALL ONLY CONSIDER AND ACT ON THOSE MATTERS THAT CANNOT BE DEFERRED UNTIL THE NEXT MEETING OF THE BOARD OF TRUSTEES; AND PROVIDED FURTHER, THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE POWER UNDER ANY CIRCUMSTANCES TO CHANGE THE CHARTER OR THE REGULATIONS, TO EFFECT ANY MAJOR CHANGES IN THE PURPOSES OR OPERATION OF THE UNIVERSITY, OR TO AUTHORIZE ANY PURCHASE, SALE OR OTHER DISPOSITION OF THE PROPERTIES OF THE UNIVERSITY OR TO TAKE ANY ACTION SPECIFICALLY RESERVED TO THE ENTIRE BOARD BY THESE REGULATIONS. A QUORUM SHALL CONSIST OF A MAJORITY OF THE COMMITTEE. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE ANNUAL REVIEW PROCESS FOR THE PRESIDENT WAS REVISED AND ADDED TO THE BY-LAWS. THE CHAIRMAN OF THE BOARD WILL APPOINT A REVIEW COMMITTEE TO REVIEW THE PERFORMANCE OF THE PRESIDENT, INCLUDING REVIEWING THE PRESIDENT'S ANNUAL GOALS AND HIS SELF-APPRAISAL AS MEASURED AGAINST THE PREVIOUS YEAR'S GOALS. THE REVIEW COMMITTEE SHALL REPORT THE RESULTS OF ITS REVIEW TO THE EXECUTIVE COMMITTEE AT ITS SEPTEMBER MEETING AND ANY SALARY ADJUSTMENTS WITHIN THE RANGES ESTABLISHED IN THE PRESIDENT'S CONTRACT. THE REVIEW COMMITTEE SHALL CONSIST OF THE CHAIRMAN, THE TRUSTEE DESIGNATED BY THE PRIORESS OF THE CONGREGATION, THE VICE-CHAIRMAN, AND THE TREASURER OF THE BOARD. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b A COPY OF THE IRS FORM 990 IS PROVIDED, EITHER ELECTRONICALLY OR AS A HARD COPY, TO EACH VOTING MEMBER OF THE GOVERNING BODY OF THE UNIVERSITY PRIOR TO FILING THE FORM. EACH VOTING MEMBER OF THE GOVERNING BODY IS ASKED TO REVIEW THE FORM 990 AND SUBMIT ANY QUESTIONS AND COMMENTS TO MANAGEMENT. QUESTIONS AND RESPONSES ARE COMMUNICATED TO THE GOVERNING BODY. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE APPRAISED OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHEN HIRED OR ADMITTED TO THE BOARD OF TRUSTEES. ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT WERE TO ARISE, THE OFFICERS AND DIRECTORS AFFECTED WOULD BE PROHIBITED FROM CONDUCTING ANY OF THE ORGANIZATION'S BUSINESS RELATED TO THE CAUSE OF THE CONFLICT OF INTEREST AND WOULD RECUSE THEMSELVES FROM THE PROCEEDINGS. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a A FORMAL REVIEW OF THE PRESIDENT'S PERFORMANCE, INCLUDING A REVIEW OF ANNUAL GOALS AND THE PRESIDENT'S SELF APPRAISAL, IS CONDUCTED BY AN APPOINTED REVIEW COMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD, THE TRUSTEE DESIGNATED BY THE PRIORESS OF THE CONGREGATION, THE VICE-CHAIRMAN, AND THE TREASURER OF THE BOARD. THIS COMMITTEE REPORTS THE RESULTS OF THE ANNUAL REVIEW TO THE EXECUTIVE COMMITTEE AT ITS SEPTEMBER MEETING. IN ADDITION, THE BOARD SECRETARY GATHERS SALARY BENCHMARKING INFORMATION BY COLLECTING DATA FROM THE CHRONICLE OF HIGHER EDUCATION, CATHOLIC PEER GROUP COLLEGE, AND GUIDESTAR. THIS COMPARABILITY DATA IS USED BY THE REVIEW COMMITTEE OF THE BOARD OF TRUSTEES WHEN DETERMINING ANY SALARY AND BENEFITS ADJUSTMENTS WITHIN THE RANGES ESTABLISHED FOR THE PRESIDENT. CONTEMPORANEOUS RECORDS OF THE DELIBERATIONS AND THE DECISION ARE KEPT IN THE FORM OF MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN FISCAL YEAR 2013. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b FOR THE VICE PRESIDENTS OF THE ORGANIZATION, THE DIRECTOR OF HUMAN RESOURCES CONDUCTS A SALARY BENCHMARKING STUDY BY COLLECTING DATA FROM COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA). AN INTERNAL EQUITY ANALYSIS IS MADE CONSIDERING PERFORMANCE, YEARS IN POSITION AND OTHER FACTORS. SALARY ADJUSTMENTS ARE TYPICALLY MADE ON AN ANNUAL BASIS FOR THE VICE PRESIDENTS AS DETERMINED BY THE PRESIDENT OF THE ORGANIZATION. SALARY INCREASES FOR THE VICE PRESIDENT OF FINANCE & ADMINISTRATION AND THE VICE PRESIDENT OF ACADEMIC AFFAIRS ARE PRESENTED TO, APPROVED BY, AND DOCUMENT BY THE BOARD OF TRUSTEES. THIS PROCESS WAS LAST UNDERTAKEN IN FISCAL YEAR 2013. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE FINANCIAL AND ADMINISTRATIVE OFFICES OF THE UNIVERSITY. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 CHANGE IN FV OF INTEREST RATE SWAP - 1017932; CHANGE IN FV OF BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS - 43269; CHANGE IN FV OF LIFE INSURANCE - 85163; UNCOLLECTIBLE PLEDGES WRITTEN OFF - -11128;