2011-04-14T15:37:43-05:00 2010-05-31 990 2009-06-01 750800689 Southern Methodist University SOUT 2147682800 PO Box 750261 Dallas TX 752750261 Christine Casey 2147682800 2011-04-14 2009 2016-02-24 21:20:13Z R Gerald Turner PO Box 750261 Dallas TX 752750261 963629483 0 X www.smu.edu X 1911 TX An educational institution of higher learning,expanding knowledge through research and teaching. 42 39 6064 1201 46221 0 100696626 54344662 396920658 414641528 -43317411 46803613 7434301 3914124 461734174 519703927 104304250 114351841 0 233053133 243049600 10805 6000 20726291 177071411 149539727 514439599 506947168 -52705425 12756759 1959339231 1967543174 542881624 500567179 1416457607 1466975995 The primary mission of the University is education through research and teaching by creating and imparting knowledge that will shape citizens who contribute to their communities and lead professions in a global society. 0 0 325253916 101346151 334765376 Instructional:Instructional programs include academic instruction and services for undergraduate and graduate students including financial aid in the form of scholarships and fellowships. Student enrollment for Fall Semester 2009 was 10,891 and Spring Semester 2010 was 10,486. 77028920 13005690 43889070 Auxiliary Activities:This category includes athletic expenditures and services that support educational activities. Services include bookstore, student housing, vending and food administration and independent operations. 26792931 25020080 Sponsored Research:Sponsored research includes expenditures for all activities that are part of the University's research program, including activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. 17175947 10967002 Organized Activities:Organized activities make available to the public various resources that exist within the University such as seminars, conferences and camps. 17175947 10967002 446251714 1 1 0 1 1 0 1 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 0 1 1342 0 6064 1 1 1 1 UK FR 0 0 0 1 1 0 0 0 42 39 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X Controller's Office 2147682800 6116 N Central Expressway Dallas TX 752750261 Ruth S Altshuler 1.00 X 0 0 0 Earl Bledsoe 1.00 X 0 0 0 Michael M Boone 1.00 X 0 0 0 Bradley Brookshire 1.00 X 0 0 0 Laura Welch Bush 1.00 X 0 0 0 Kirbyjon H Caldwell 1.00 X 0 0 0 Donald J Carty 1.00 X 0 0 0 Kelly H Compton 1.00 X 0 0 0 Mark Craig 1.00 X 0 0 0 Gary T Crum 1.00 X 0 0 0 Linda Custard 1.00 X 0 0 0 Robert H Dedman 1.00 X 0 0 0 Frank M Dunlevy 1.00 X 0 0 0 Juan Elek 1.00 X 0 0 0 Alan Feld 1.00 X 0 0 0 Gerald J Ford 1.00 X 0 0 0 Antonio O Garza Jr 1.00 X 0 0 0 James R Gibbs 1.00 X 0 0 0 Robert T Hayden III 1.00 X 0 0 0 Frederick B Hegi Jr 1.00 X 0 0 0 Clark K Hunt 1.00 X 0 0 0 Ray L Hunt 1.00 X 0 0 0 Gene C Jones 1.00 X 0 0 0 Scott Jones 1.00 X 0 0 0 Fredrick Leach 1.00 X 0 0 0 Paul B Loyd Jr 1.00 X 0 0 0 Bobby B Lyle 1.00 X 0 0 0 Ken Malcolmson 1.00 X 0 0 0 David B Miller 1.00 X 0 0 0 Sheron Patterson 1.00 X 0 0 0 Sarah Perot 1.00 X 0 0 0 Jeanne L Phillips 1.00 X 0 0 0 Caren H Prothro 1.00 X 0 0 0 Carl Sewell 1.00 X 0 0 0 Ann B Sherer-Simpson 1.00 X 0 0 0 Helmut Sohmen 1.00 X 0 0 0 Richard K Templeton 1.00 X 0 0 0 John C Tolleson 1.00 X 0 0 0 R Gerald Turner 37.50 X X 595786 0 353212 Royce E Wilson Sr 1.00 X 0 0 0 Richard J Wood 1.00 X 0 0 0 Fredrick I Olness 37.50 X 108567 0 37557 Paul Ludden 37.50 X 384338 0 33673 Thomas Barry 37.50 X 255742 0 35952 Michael Condon 37.50 X 447478 0 39454 Paul Ward 37.50 X 463189 0 35916 Lori White 37.50 X 219559 0 28616 Brad Cheves 37.50 X 312176 0 35454 Christine Casey 37.50 X 301521 0 27262 Mary Anne Rogers 37.50 X 83038 0 22245 Albert Niemi Jr 37.50 X 434849 0 39366 Cordelia Candelaria 37.50 X 364546 0 11423 Peter Moore 37.50 X 166764 0 26774 June Jones 37.50 X 1691566 0 35516 Matthew Doherty 37.50 X 575166 0 41520 Steven Orsini 37.50 X 385536 0 46408 William Dillon 37.50 X 443431 0 27027 Miguel Quinones 37.50 X 329763 0 35850 Amit Basu 37.50 X 329581 0 36286 Bezalel Gavish 37.50 X 296821 0 37835 S Leon Bennett 37.50 X 183825 0 24566 Thomas Tunks 37.50 X 178887 0 24431 Ross Murfin 37.50 X 265013 0 36907 John O'Connor 37.50 X 176314 0 25205 8993456 0 1098455 387 1 1 0 Austin Commercial Inc PO Box 2879 Dallas TX 75221 Construction 17987106 Sarcon Construction Corporation PO Box 6020 Santa Fe NM 87502 Construction 3598951 Schneider Electric Building Americas Inc PO Box 59469 Dallas TX 75229 Construction 3208169 The Richards Group 8750 N Central Expwy Ste 1200 Dallas TX 75231 Advertising 2954743 Idea Construction Inc 13650 Floyd Circle Dallas TX 75243 Construction 2113999 92 1705441 5736 52633485 54344662 Tuition and Fees 611310 324170657 324170657 Auxiliary Activities 611310 41949874 30749950 11199924 Sponsored Research 611310 24919472 24919472 Other Student fees 611310 9253685 9253685 Organized Activities 611310 9183854 9183854 5163986 5150170 13816 414641528 13633129 13297 13619832 2066751 2066751 4865165 4865165 162441 141101 21340 21340 21340 466806649 5178851 439555627 1326140 27251022 3852711 31103733 19108 31084625 1930307 1705441 2902688 -972381 -972381 519703927 402455407 46221 62857637 114351841 114351841 4503473 1029566 3106984 366923 1120719 460825 659894 187904989 164577182 13265789 10062018 13371039 11627288 1074359 669392 24181930 20729123 2232698 1220109 11967450 10332830 1030735 603885 1376899 226863 1150036 331640 38163 293477 247612 247612 6000 6000 9159896 9159896 16578379 14360078 231762 1986539 3609317 3544251 38593 26473 16984880 14882280 761844 1340756 6977315 5481028 1353744 142543 40749 40749 18161630 17080317 699762 381551 11470485 10784308 159117 527060 45200 45200 842711 762338 67925 12448 13725175 13725175 24490689 21096354 2048166 1346169 2218625 817338 1401287 Books and Periodicals 6162514 6162232 282 Property Costs 3259549 3211744 3820 43985 Public Relations 1604990 896565 582848 125577 12251472 9988076 398533 1864863 506947168 446251714 39969163 20726291 3646550 3475495 322408548 198723086 80399766 66091321 105487209 112426911 22464892 11607264 339574 405921 5631255 6679027 875321632 274754619 560209275 600567013 248793651 297543579 604703711 665995512 5254800 4028045 1959339231 1967543174 133613364 110224981 25657099 25418467 331458000 360115000 47921998 841454 4231163 3967277 542881624 500567179 X 429109607 480524995 513339000 493818000 474009000 492633000 1416457607 1466975995 1959339231 1967543174 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 247612 247612 506699556 506947168 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 243251 242967 226055 247612 959885 250000 250000 250000 250000 1000000 1500000 2 250 1769789 29370558 1 1 466935 34321155 X X X X X Educational Programming 0 1032262197 26874362 74857407 13375323 44100799 7119148 1069398696 1401274328 25069217 -332783497 12844512 44628154 3825185 1032262197 0.05790 0.94140 0.00070 1 0 86874394 86874394 631492549 205405169 426087380 114112287 49971535 64140752 42842402 19377915 23464487 600567013 Venture Capital 36945234 C Funds Held in Trust by Others 16421850 F Private Equity Funds 209815978 C Absolute Return Funds 141131321 C Equity Funds Without Daily Liquidity 85764855 C Fixed Income Funds without Daily Liquidity 479979 C Other Investments 8 C Partnership Investments - Oil & Gas 7908118 C Partnership Investments - Timber 15109155 C Partnership Investments - Real Estate 91746790 C Equity Method Investments 60672048 F Mineral Rights 176 C 665995512 Deposits 1259152 US Government Student Loan Advances 2708125 3967277 Part III, Line 4: The Meadows Museum at Southern Methodist University houses one of the largest and most comprehensive collections of Spanish art outside of Spain. With works dating from the 10th to the 21st century, the internationally renowned collection presents a broad spectrum of art covering a thousand years of Spanish heritage. The museum is a resource of Southern Methodist University that serves a broad and international audience as well as the university community through meaningful exhibitions, publications, workshops, and other educational programs and encourages public participation through a broad-based membership. Part V, Line 4: Description of Intended Use of Endowment Funds: Intended uses of endowment funds include education program support, chairs and faculty support, scholarships and other student aid, library and books, and maintenance. Part X: Description of Uncertain Tax Positions Under FIN 48: In June 2006, the Financial Accounting Standards Board issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), which prescribes a recognition threshold and measurement requirements for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In addition, FIN 48 provides guidance on recognition, classification, accounting in interim periods and disclosure requirements for uncertain tax provisions. The interpretation was effective for the University's fiscal year ended May 31, 2008. The University does not have any material unrelated business income tax liability for the years ended May 31, 2010 and May 31,2009. Part VII: The University reports investments in which it owns 5 % or greater ownership under the equity method of accounting. These investments include Venture Capital, Private Equity Funds, Absolute Return Funds and Partnership Investments in Timber. The equity method of accounting reports investments at fair value. 1 1 1 All admission brochures, newspapers, advertisements etc include non-discrimination statements. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University participates in the Federal Perkins Loan Program, Federal Supplemental Educational Opportunity Grant; Federal Work-Study Program, Federal Pell Grant, Federal Family Educational Loan Programs, Texas Tuition Equalization Grant, Texas Grant, Leveraging Educational Assistance Partnership (LEAP), Science and Mathematics Access to Retain Talent (SMART), Academic Competitiveness Grant (ACG) and Supplemental Leveraging Educational Assistance Partnership (SLEAP) through the state of Texas and receives federal and state funding for research grants and contracts. 1 Europe Program Services Art Acquisition 15195 Europe Program Services Faculty Development 96116 Europe Program Services Student Recruiting 10956 Europe Program Services Research 25473 Europe 1 2 Program Services Study Abroad 3385738 North America Program Services Art Acquisition 2067 North America Program Services Faculty Development 31402 North America Program Services Student Recruiting 1811 North America Program Services Research 4131 North America Program Services Study Abroad 95018 East Asia and the Pacific Fundraising Alumni Relations 12317 East Asia and the Pacific Program Services Faculty Development 35576 East Asia and the Pacific Program Services Program Development 1523 East Asia and the Pacific Program Services Student Recruiting 43117 East Asia and the Pacific Program Services Research 6009 East Asia and the Pacific Program Services Study Abroad 849349 Central America and the Caribbean Program Services Faculty Development 5365 Central America and the Caribbean Program Services Research 1564 Central America and the Caribbean Program Services Study Abroad 2073 Central America and the Caribbean Program Services Student Recruiting 1282 Russia and the Newly Independant States Program Services Study Abroad 4303 Russia and the Newly Independant States Program Services Study Abroad 30251 South America Program Services Faculty Development 3272 South America Program Services Student Recruiting 3769 South America Program Services Research 3543 South America Program Services Study Abroad 97708 Sub-Saharan Africa Program Services Faculty Development 16631 Sub-Saharan Africa Program Services Student Recruiting 1500 Middle East and North Africa Program Services Faculty Development 2417 Middle East and North Africa Program Services Study Abroad 29492 Middle East and North Africa Program Services Recruiting 3199 South Asia Program Services Faculty Development 2230 South Asia Program Services Student Recruiting 4617 South Asia Program Services Study Abroad 56687 Central America and the Caribbean Investments Europe Investments 1 2 4885701 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: The University accounts for all expenditures on an accrual basis and makes all reimbursements under an accountable plan. Lecture Series 1627150 875459 751691 74758 80247 518906 953239 Tower Center Medal of Freedom 705250 335251 369999 148267 6718 12 1303348 494731 808617 15274 63148 294583 504114 243434 3635748 1705441 1930307 15274 137906 523097 1023020 1203391 2902688 -972381 1 Student Tuition Grants and Scholarships 6779 4285679 110066162 Book Tuition, Fees, Room and Board Allowances Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University provides financial aid to students to enable them to attend the University. All financial aid recipients are selected on an equal objectively determinable basis with other recipients. That is, all students receiving scholarships and fellowships are judged worthy based on the University's assessment of academic achievement, financial need and other similar standards. A list of recipients of scholarships and fellowships is on file at the University in the Financial Aid Office. X X X X X 1 1 X X X X X X 0 0 0 1 0 0 0 0 0 R Gerald Turner 554193 0 0 0 41593 0 233181 0 120031 0 948998 0 0 0 Paul Ludden 370342 0 0 0 13996 0 24500 0 9173 0 418011 0 0 0 Thomas Barry 239533 0 0 0 16209 0 23884 0 12068 0 291694 0 0 0 Michael Condon 333566 0 78311 0 35601 0 24500 0 14954 0 486932 0 0 0 Paul Ward 298435 0 142678 0 22076 0 24500 0 11416 0 499105 0 0 0 Lori White 209608 0 0 0 9951 0 21366 0 7250 0 248175 0 0 0 Brad Cheves 295865 0 0 0 16311 0 24500 0 10954 0 347630 0 0 0 Christine Casey 287101 0 0 0 14420 0 19600 0 7662 0 328783 0 0 0 Albert Niemi Jr 425760 0 0 0 9089 0 24500 0 14866 0 474215 0 0 0 Cordelia Candelaria 360814 0 0 0 3732 0 10417 0 1006 0 375969 0 0 0 Peter Moore 166364 0 0 0 400 0 13125 0 13649 0 193538 0 0 0 June Jones 1645274 0 32500 0 13792 0 24500 0 11016 0 1727082 0 0 0 Matthew Doherty 549626 0 20000 0 5540 0 24500 0 17020 0 616686 0 0 0 Steven Orsini 370688 0 0 0 14848 0 24500 0 21908 0 431944 0 0 0 William Dillon 440797 0 0 0 2634 0 9861 0 17166 0 470458 0 0 0 Miguel Quinones 327998 0 1485 0 280 0 18867 0 16983 0 365613 0 0 0 Amit Basu 328702 0 0 0 879 0 21300 0 14986 0 365867 0 0 0 Bezalel Gavish 294514 0 0 0 2307 0 22750 0 15085 0 334656 0 0 0 S Leon Bennett 167166 0 0 0 16659 0 16800 0 7766 0 208391 0 0 0 Thomas Tunks 177139 0 0 0 1748 0 18034 0 6397 0 203318 0 0 0 Ross Murfin 262247 0 0 0 2766 0 24500 0 12407 0 301920 0 0 0 John O'Connor 175186 0 0 0 1128 0 17908 0 7297 0 201519 0 0 0 Part I, Line 1a The University's travel policy provides that travel expenses incurred by spouses are not reimbursable unless the spouse is traveling for a bona fide business purpose and the travel has been approved. Any exceptions to the policy require approval by the appropriate University officer. All spousal travel is processed under the provisions of the Tax Department's Spousal Travel policy which provides for evaluating the taxable component, if any, of the travel and the appropriate tax treatment and reporting. Appropriate approvals in accordance with policy are required prior to reimbursement. All gross-up payments have been appropriately approved in accordance with University policy prior to payment. The President is required under his employment contract to reside in the University provided residence. There is a policy regarding review/approval of social club dues. The University has established a reporting period of November 1 through October 31 for reporting personal use of a club and calculating the personal portion of dues that should be reported as taxable income. Any personal charges at social clubs are reimbursed to the University when the billing is received, prior to payment. The University provides services such as landscaping and residential repairs and maintenance for the President's residence, considering them necessary and appropriate for his use of the facility for business functions, and since it is a University owned asset. Part I, Line 5 There is one person listed in Form 990, Part VII, who received an incentive compensation bonus. The eligibility for and the amount of the payment is determined by two components: a quantitative measure of the performance of the University's Investment Pool against an appropriate benchmark and a qualitative measure based on factors such as risk mitigation, quality of decision making and contributions to advancement of the endowment. Southwest Higher Education Authority 521442059 845040FB5 2003-12-18 30470393 Renovation & construction of educational and related parking facilities 0 0 Southwest Higher Education Authority 521442059 845040GD0 2007-02-14 100890740 Advance refund portion of prin 1999A (1/20/99) and 2002 (7/3/02) bonds 0 0 Southwest Higher Education Authority 521442059 845040HG2 2009-10-01 162035907 New money and current refund 1999D (1/20/99) and the 2006 (3/1/06) bonds 0 0 32053295 731927 31321368 2010 0 0 1 1 110426510 3069346 109044372 74349 1307789 0 1 0 1 162036198 94638875 3263744 1221407 62912172 1 0 0 1 0 0 1 0 1 0.02600 0.00000 0.02600 1 0 0 1 1 1 0.01000 0.00000 0.01000 1 0 1 1 1 1 0.08000 0.00000 0.08000 1 0 0 0 NA 0 NA 1 1 0 0 0 0 NA 0 NA 1 0 0 0 0 0 NA 0 NA 1 0 1 Trustee Daughter Scholarship Amount $ 15000. Trustee Self Grant and Scholarship Amount $ 35160. X 7 466935 Market or Appraisal X 808417 Market or Appraisal X 5750 Market or Appraisal X 68 9879117 Market or Appraisal X 2 1000039 Market or Appraisal X 2 70250 Market or Appraisal X 1 9000 Market or Appraisal X Software Lic. 3 49650 Market or Appraisal X Dinner Event 6 12447 Market or Appraisal X Event Tickets 1451 632298 Market or Appraisal X Pavers 1 169320 Market or Appraisal 17 0 1 1 Third Party Use: Part I, Line 32b: The University retains the service of certain financial brokerage firms to acquire, process and liquidate gifts of securities and pays a fee to the broker(s) for such services. In addition, the University retains the services of real estate brokerage firms to process and liquidate gifts of real property and pays a fee to the broker(s) for such services. Form 990, Part VI, Section A, line 2 R. Gerald Turner has business relationships with John Tolleson, Alan Feld and Ray Hunt. Jeanne Phillips has a business relationship with Ray Hunt. Laura Bush has a business relationship with Ruth Altshuler. Form 990, Part VI, Section A, line 7b Pursuant to the Restated Articles of Incorporation of SMU, campus property may be sold or leased only with the consent of the South Central Jurisdictional Conference of the United Methodist Church. Form 990, Part VI, Section B, line 11 The completed Form 990 is provided to the Audit Committee of the Board of Trustees sufficiently in advance of the filing deadline to enable a detailed and conscientious review by the Committee. All questions, concerns, etc. of the Audit Committee are addressed by the University and incorporated into the Form 990 as required. The Form 990 is also placed on a secure website for all members of the governing body who are notified when it is ready for review. Form 990, Part VI, Section B, line 12c Pursuant to separate Board of Trustees policies relating to trustees, including members of Board committees and officers and key employees with administrative responsibilities respectively, each covered person completes an information and disclosure statement annually. The disclosures are reviewed by a Board committee to determine whether a material conflict of interest exists or is threatened. In the event of such a finding, such action as may be necessary is taken to eliminate the conflict or otherwise safeguard the interest of the University. Form 990, Part VI, Section B, line 15 The Compensation Committee of the SMU Board of Trustees consists of the Chair and Vice Chair of the Board; a Trustee Bishop; the representatives of the SMU Alumni Association, the Students' Association, and the Faculty Senate; and the Chairs of the Standing Committees of the Board. The Committee reviews and approves compensation decisions based upon appropriate comparability data and includes the advice of an independent compensation consultant and contemporaneous documentation of the compensation decisions. The Compensation Committee has all of the powers of the full Board in matters of compensation of corporate officers; however, the Compensation Committee reports to the full Board any action taken by the Committee. Form 990, Part VI, Section C, line 18 All requests for copies of Form 990 and 990-T are reviewed and processed by the Controller's Department of Southern Methodist University. Upon receiving a written request, the University provides a copy of the requested documentation within 30 days from the date of receipt. If the request is made in person, the University provides the copies on the day of the request, unless unusual circumstances prevent this in which case the requested documentation are provided within five days after the date of the request. Form 990, Part VI, Section C, line 19 The organization does not make its governing documents, conflict of interest policy and financial statements available to the public. Form 990, Part XI, Line 2c The Audit Committee for Southern Methodist University, the supported organization, is responsible for reviewing the consolidated audited Financial Statements and accompanying footnotes. During the Audit Committee meeting, the committee members are given an opportunity to ask questions of management and the audit firm. Significant transactions are highlighted in the Executive Summary. Form 990, Part IV, Line 12 The University did not receive a separate audited financial statement. However, the University's financial statements including the Balance Sheet and related Statements of Activities and Cash Flows were audited in accordance with GAAP and were reported on a consolidated basis. Form 990, Part IV, Line 24(b) The University plans to spend proceeds within the temporary period exception, but in cases when it does not, it prepares the appropriate arbitrage reporting and remits any excess earnings over the arbitrage yield to the government. Form 990, Part IV, Line 24(c) The University received a donation restricted for projects funded by bonds which was put into escrow until the earliest optional redemption date. Form 990, Part VI, Section B, Line 14 Southern Methodist University does not have a university-wide retention policy, but departments within the University have retention and destruction policies that reflect legislative or other legal requirements and good business practices. Form 990, Part X The Audited Financial Statement beginning balances were restated due to FSP SOP 94-3. Beginning balances on the Form 990 were not restated to reflect these financial accounting changes. Schedule D, Part V The endowment market values reported in this section do not include pledges receivable which are included for financial statement purposes in compliance with SFAS No. 116. Pledges do not generate income for spending and normally are not included when the University reports endowment fund market value for purposes other than the financial statements and are not included here. The market values include assets other than marketable securities reported at fair value. The University has not elected to report these assets at fair value for financial statement purposes, and accordingly, neither the unrealized gains and losses in prior years nor the gains in fiscal year 2010 are reported for financial statement purposes, except if those with losses are determined to be permanently impaired. As of May 31, 2010, the University had $152.3 million of unrealized gains that are reflected here but had not been recognized in its financial statements. Schedule K, Part II, Line 2, Column B A defeasance escrow from a donation is included here. Schedule K, Part II, Line 3, Columns B and C A portion of the refunding escrow from Bond Series 2007 in Column B was used to redeem the 1999A and 2002 bonds prior to 5/31/2010. The refunding proceeds of the Bond Series 2009 in Column C were used to current refund the 1999D and 2006 bonds prior to 5/31/2010. Schedule K, Part II, Line 5 A portion of the amounts on line 5 include credit enhancement costs. Schedule K, Part II, Line 8, Column B The Series 2007 bonds were refunding bonds. There were no new projects for which a year of substantial completion would need to be reported. Schedule K, Part II, Line 12, Column B and C The University has maintained adequate books and records for the allocations made to date. SMU always maintains adequate books and records when the final allocations are made. Schedule K, Part III, Line 4, Column A and C The University entered into short-term arrangements that created private business use. As planned, the University has taken action to either eliminate or reduce these arrangements in the tax year 2010. The University has computed the reasonably expected private business use over the life of each bond issue and confirmed that it will fit within the private business use limitation. Schedule K, Part IV, Line 4d, Column A, B and C The University did not invest in a GIC, however, answers are provided as they are required by the IRS for filing purposes. Schedule K, Part IV, Line 6, Column C The University reasonably expects to meet the spending requirements within the required timeframe. Schedule R, Part V, Line 2 (1) For the fiscal year ending May 31, 2010, rent from The Stadium Club, Inc. to SMU was $1,000. This amount was determined in order to allow a significant portion of the revenues from the Club to be reinvested in it rather than increasing annual lease payments to SMU. Peruna Holdings Corporation PO Box 750261 Dallas TX 752750261 204039621 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Mustang Mockingbird Corporation PO Box 750261 Dallas TX 752750261 204216744 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Mustang Airline Corporation PO Box 750261 Dallas TX 752750261 204217087 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Mustang Mockingbird Properties PO Box 750261 Dallas TX 752750261 204216534 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Peruna Properties Inc PO Box 750261 Dallas TX 752750261 752806008 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Pony Properties Inc PO Box 750261 Dallas TX 752750261 200884887 Supporting Organization TX 509(a)(3) Line 11; Type I N/A Southern Methodist University Foundation for Research PO Box 750261 Dallas TX 752750261 200588905 Supporting Organization TX 509(a)(3) Line 11; Type I N/A The Stadium Club PO Box 750261 Dallas TX 752750261 752883207 Social Club TX 501(c)(7) N/A SMU Corp PO Box 750261 Dallas TX 752750261 264739435 Supporting Organization TX 501(c)(3) Line 11; Type I N/A Conference USA 5201 North OConnor Blvd Suite 300 Irving TX 752750261 364021594 Supporting Organization TX 501(c)(3) Line 11; Type III N/A 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 The Stadium Club Inc M 1000 All other transactions marked yes above are with 501(c)(3) organizations 0