2011-05-13T11:33:09-04:00 2010-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2009-07-01 314379459 DENISON UNIVERSITY DENI 7405876679 PO BOX 810 GRANVILLE OH 43023 SETH H PATTON 2011-05-13 CHRISTOPHER B ANDERSON 2163630100 2009 2016-02-24 21:20:13Z DALE T KNOBEL PRESIDENT PO BOX 810 GRANVILLE OH 43023 259918595 false X WWW.DENISON.EDU X 1832 OH THROUGH AN EMPHASIS ON ACTIVE LEARNING, DENISON UNIVERSITY ENGAGES STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND DEMONSTRATES THE TRANSFORMATIVE POWER OF EDUCATION. 35 35 2663 1900 -2159787 -2177790 14424349 13114687 93122410 99400101 18176903 12178805 -573290 -2107634 125150372 122585959 37279522 41400952 0 0 50470251 51654194 0 0 2742868 43247503 42945138 130997276 136000284 -5846904 -13414325 870582382 933230236 214982028 239155740 655600354 694074496 OUR PURPOSE IS TO INSPIRE AND EDUCATE OUR STUDENTS TO BECOME AUTONOMOUS THINKERS, DISCERNING MORAL AGENTS AND ACTIVE CITIZENS OF A DEMOCRATIC SOCIETY. THROUGH AN EMPHASIS ON ACTIVE LEARNING, WE ENGAGE STUDENTS IN THE LIBERAL ARTS, WHICH FOSTERS SELF-DETERMINATION AND DEMONSTRATES THE TRANSFORMATIVE POWER OF EDUCATION. WE ENVISION OUR STUDENTS' LIVES AS BASED UPON RATIONAL CHOICE, A FIRM BELIEF IN HUMAN DIGNITY AND COMPASSION UNLIMITED BY CULTURAL, RACIAL, SEXUAL, RELIGIOUS OR ECONOMIC BARRIERS, AND DIRECTED TOWARD AN ENGAGEMENT WITH THE CENTRAL ISSUES OF OUR TIME. OUR CURRICULUM BALANCES BREADTH WITH DEPTH, BUILDING ACADEMIC SPECIALIZATION UPON A LIBERAL ARTS FOUNDATION IN THE ARTS, THE SCIENCES, THE SOCIAL SCIENCES AND THE HUMANITIES. RESPONSIVE TO NEW WAYS OF LEARNING, WE CONTINUE TO DEVELOP INTERDISCIPLINARY INTEGRATION OF THE MANY FORMS OF KNOWLEDGE. WHILE OUR STUDENTS PURSUE SPECIALIZED LEARNING IN THEIR CHOSEN MAJORS, THEY ALSO DEVELOP THE FRAMEWORK FOR AN INTEGRATED INTELLECTUAL false false 123537578 41400952 98917168 DENISON UNIVERSITY PROVIDES UNDERGRADUATE PROGRAMS OF INSTRUCTION TO APPROXIMATELY 2,100 STUDENTS. STUDENTS ARE OFFERED MORE THAN 48 MAJORS, CONCENTRATIONS AND PROGRAMS OF STUDY. SCHOLARSHIPS AND GRANTS ARE PROVIDED BASED ON MERIT AND ECONOMIC NEED. THE UNIVERSITY ALSO PROVIDES SERVICES TO STUDENTS INCLUDING COUNSELING AND PROGRAMS IN THE AREAS OF ADMISSIONS, STUDENT AID, STUDENT EMPLOYMENT, STUDENT ACTIVITIES, REGISTRATION, AND STUDENT LIFE. 123537578 true true false false false false true false true true true false true false true false true false false false false false true true true false false false false false false false false false false true true false false false true true false false true 530 0 true 2663 true true true false false false false false false false false 35 35 true false false false false false false true false false false true true true true true true true true false OH X CATHY UNTIED CONTROLLER 7405876679 DENISON UNIVERSITY PO BOX 810 GRANVILLE OH 43023 Ronald S Beard 1.0 X 0 0 0 Cynthia Ooten Booth 1.0 X 0 0 0 Daniel J Brickman 1.0 X 0 0 0 Walter F Burke 1.0 X 0 0 0 T Kim Cromwell 1.0 X 0 0 0 Janet Crown 1.0 X 0 0 0 Mark F Dalton 1.0 X 0 0 0 Paul A Dimitruk 1.0 X 0 0 0 J Martin Erbaugh 1.0 X 0 0 0 John V Faraci Jr 1.0 X 0 0 0 Kristen Fitzwilliam Giarrusso 1.0 X 0 0 0 James T Glerum Jr 1.0 X 0 0 0 Martha Dunbar Hall 1.0 X 0 0 0 Dean H Hansell 1.0 X 0 0 0 Matthew J Harrington 1.0 X 0 0 0 Dana Hart 1.0 X 0 0 0 Ro Nita Hawes-Saunders 1.0 X 0 0 0 Thomas E Hoaglin 1.0 X 0 0 0 David J Hooker 1.0 X 0 0 0 Romero R Huffstead 1.0 X 0 0 0 Paul W Hylbert 1.0 X 0 0 0 Marc B Lautenbach 1.0 X 0 0 0 John D Lowenberg 1.0 X 0 0 0 Richard G Lugar 1.0 X 0 0 0 Sharon Smith Martin 1.0 X 0 0 0 Steven P Matteucci 1.0 X 0 0 0 William C Mulligan 1.0 X 0 0 0 Nancy Bero Petro 1.0 X 0 0 0 Lewis A Sachs 1.0 X 0 0 0 Gary V Simpson 1.0 X 0 0 0 Barbara Jack Strickland 1.0 X 0 0 0 Alexander Thomson 1.0 X 0 0 0 Jamie K Thorsen 1.0 X 0 0 0 R Scott Trumbull 1.0 X 0 0 0 Susan D Whiting 1.0 X 0 0 0 Dale T Knobel 40.0 X 398047 0 48370 Seth H Patton 40.0 X 210474 0 37420 Bradley W Bateman 40.0 X 195219 0 43334 Julia Beyer Houpt 40.0 X 194232 0 44618 Adele N Gorrilla 40.0 X 276761 0 41294 Perry H Robinson 40.0 X 168995 0 31121 Samuel J Thios 40.0 X 162789 0 40553 Anthony J Lisska 40.0 X 148399 0 39674 David O Woodyard 40.0 X 143199 0 38091 Daniel Don Bonar 40.0 X 142304 0 33783 Joan E Krone 40.0 X 137341 0 30990 Lisa M Bazley 40.0 X 135379 0 21618 2313139 0 450866 40 false true false MRM PAINTING 12207 EDDYBURG ROAD NEWARK OH 43055 PAINTING SERVICES 408723 LINCOLN CONSTRUCTION INC 4790 SHUSTER ROAD COLUMBUS OH 43214 GENERAL CONTRACTOR 3384676 SODEXO SERVICES C/O DENISON UNIVERSITY P O BOX 810 GRANVILLE OH 43023 FOOD SERVICE MGMT 5253678 LEGEND ELECTRIC INC 640 INDUSTRIAL PARKWAY HEATH OH 43056 ELECTRICAL MAINT. 347416 SPEER MECHANICAL 600 OAKLAND PARK AVE COLUMBUS OH 43214 HVAC DESIGN 707316 20 120348 979607 12014732 1573927 13114687 TUITION AND FEES 900099 77234718 77234718 AUXILIARY SERVICES 900099 20284938 20284938 INTEREST - STUDENT LOANS 900099 56832 56832 RECREATION CENTER MEMBERSHIPS 713940 11875 11875 BOOKSTORE 541800 471058 10972 460086 1340680 1340680 99400101 8245487 8245487 0 0 75000 75000 75000 75000 141265954 137332636 3933318 3933318 3933318 0 0 0 LOSS FROM PARTNERSHIPS 525990 -2182634 -2182634 -2182634 122585959 98917168 -2159787 12713891 0 40828274 40828274 572678 572678 0 1880553 404282 1356768 119503 0 37610173 33522380 2858230 1229563 3089387 2736172 242871 110344 6030865 5366347 488091 176427 3043216 2423098 527596 92522 4477288 4477288 49158 11227 37931 115100 26287 88813 0 0 1121721 5033 1116688 1497300 1379305 106878 11117 479948 364646 27138 88164 3117677 2773520 177240 166917 1158540 1121843 26170 10527 0 4849734 4750005 81589 18140 2240621 2037806 76160 126655 0 0 8372329 7392037 736842 243450 0 8041951 7582778 329540 129633 203688 99720 103968 STUDENT PROGRAMS 1139843 1138543 1300 EQUIP.RENTAL,REPAIR&MAINT. 986202 759488 212704 14010 DENISON STUDENT GOVERNMENT 828710 828710 LIBRARY RESOURCES 827462 827462 RESIDENCE HALL ADVISORS 527907 527907 2909959 1580742 1123321 205896 136000284 123537578 9719838 2742868 6446 7631 84665555 118288552 20466349 14966494 1105143 907825 630850 720217 164492 88819 299246192 102075686 196181081 197170506 67735759 64845872 482273085 519367098 5192840 4880342 12160782 11986880 870582382 933230236 16737843 16480851 174387932 196419280 100000 100000 23756253 26155609 214982028 239155740 X 294360276 312936106 206502276 222082684 154737802 159055706 655600354 694074496 870582382 933230236 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 534711143 12451126 58362967 7904037 22919324 574701875 692191984 9954755 -136527791 7642778 23265027 534711143 0.38926 0.24867 0.36208 true false 1326349 1326349 50000 207814600 53828993 154035607 42479574 32245198 10234376 137282 47438387 16001495 31574174 197170506 HEDGE FUNDS 228036052 F PUBLIC EQUITY FUNDS 90311635 F PRIVATE EQUITY FUNDS 128687317 F REAL ESTATE FUNDS 55673469 F FIXED INCOME FUNDS 16658625 F 519367098 0 LIAB.TO BENEF.-SPLIT INT.AGREEMENTS 4036133 DISC.FOR FUTURE INT.-LIFE INC.AGREEMENTS 1783588 LIAB.FOR POST-RETIRE.HEALTH BEN. 17672181 REFUNDABLE ADVANCES-PERKINS LOANS 2141535 REFUNDABLE ADVANCES-SCHELL FDN LOANS 296050 REVOCABLE CHAR.REMAINDER TRUSTS 226122 26155609 122585959 136000284 -13414325 54692379 -2803912 51888467 38474142 141518850 54692379 -35488171 19204208 122314642 1418107 -1146790 271317 122585959 103044708 1146790 1146790 101897918 1418107 32684259 34102366 136000284 ART COLLECTION FINANCIAL STATEMENT FOOTNOTE, PART III, LINE 1A: ART COLLECTION - THE UNIVERSITY'S MUSEUM AND LIBRARY HOUSE NUMEROUS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES. DESCRIPTION OF ORGANIZATION'S ART COLLECTION, PART III, LINE 4: DENISON UNIVERSITY'S COLLECTION CURRENTLY NUMBERS NEARLY 8,000 ITEMS. THESE OBJECTS COME FROM MULTIPLE AREAS OF THE WORLD, BUT PRIMARILY DERIVE FROM ASIA, EUROPE, AND NORTH AND CENTRAL AMERICA. A WIDE VARIETY OF MEDIA, INCLUDING STONE, WOOD, PAPER, LACQUER, METAL, IVORY, AND OILS, IS REPRESENTED IN THE COLLECTION. THE COLLECTIONS ARE NOT USED FOR ANY FINANCIAL BENEFIT TO THE INSTITUTION. WE DO NOT COLLECT ENTRANCE FEES FOR THE EXHIBITIONS, ARE OPEN TO THE PUBLIC YEAR-ROUND AND HAVE COLLECTION OBJECTS ON DISPLAY THROUGHOUT THE YEAR, AND DO NOT HAVE ANY OTHER PROFIT-CENTERS (MUSEUM SHOP, CAFE, BOOKSTORE, ETC.) THAT CAPITALIZE ON OUR COLLECTIONS. THESE COLLECTIONS FURTHER OUR EXEMPT PURPOSE BY PROVIDING OPPORTUNITIES FOR SCHOLARLY LEARNING AND RESEARCH WITHIN THE DENISON UNIVERSITY COMMUNITY. THE COLLECTIONS ARE NOT CAPITALIZED. INTENDED USES OF ENDOWMENT FUNDS, PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE USED FOR PURPOSES SPECIFIED BY DONORS, INCLUDING THE FOLLOWING: SCHOLARSHIPS AND PRIZES, FACULTY SALARIES AND ACADEMIC PROGRAMS, LIBRARY BOOKS, FACILITY MAINTENANCE, GENERAL OPERATIONS OF THE UNIVERSITY, AND MISCELLANEOUS OTHER PURPOSES. FIN 48 FOOTNOTE, PART X, LINE 2: FEDERAL INCOME TAX - THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY HAD AN OBLIGATION FOR UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2010 AND 2009. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY, THE CONTINUED TAX-EXEMPT STATUS OF BONDS ISSUED BY THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED TAXABLE INCOME. THE UNIVERSITY BELIEVES THAT IT HAD APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2010, THE UNIVERSITY'S INCOME TAX YEARS FROM 2006 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. OTHER CHANGES IN NET ASSETS, PART XI, LINE 8: POST-RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POST-RETIREMENT COST: ($3,053,196); ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS: $249,284; TOTAL ADJUSTMENT = ($2,803,912) OTHER CHANGES IN REVENUE, PART XII, LINE 2D: STUDENT FINANCIAL AID, WHICH WAS NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990: ($32,684,259); POST-RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC POST-RETIREMENT COST: ($3,053,196); ACTUARIAL ADJUSTMENT OF SPLIT INTEREST AGREEMENTS: $249,284; TOTAL ADJUSTMENT = ($35,488,171) OTHER CHANGES IN REVENUE, PART XII, LINE 4B: COST OF SALES FROM BOOKSTORE WHICH WERE NETTED WITH REVENUE ON PART VIII OF FORM 990: ($1,146,790) OTHER CHANGES IN EXPENSES, PART XIII, LINE 2D: COST OF SALES FROM BOOKSTORE WHICH WERE NETTED WITH REVENUE ON PART VIII OF FORM 990: $1,146,790 OTHER CHANGES IN EXPENSES, PART XIII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS BUT SHOWN AS AN EXPENSE IN PART IX OF FORM 990: $32,684,259 true true true DENISON UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITH REGARD TO ITS STUDENTS. true true true true false false false false false false false false true false THE UNIVERSITY RECEIVES FEDERAL FUNDING FOR ITS VARIOUS STUDENT FINANCIAL AID PROGRAMS, INCLUDING THE PELL GRANT PROGRAM, THE ACADEMIC COMPETITIVENESS GRANT PROGRAM, THE NATIONAL SMART GRANT PROGRAM, THE SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, THE FEDERAL WORK STUDY PROGRAM AND THE PERKINS LOAN PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED FUNDING THROUGH VARIOUS FEDERAL AGENCIES IN FURTHERANCE OF SPECIFIC RESEARCH PROJECTS. true true East Asia and the Pacific 0 0 Grantmaking 192466 Europe (Including Iceland and Greenland) 0 0 Grantmaking 313879 Middle East and North Africa 0 0 Grantmaking 12270 South America 0 0 Grantmaking 23147 Sub-Saharan Africa 0 0 Grantmaking 30916 0 0 572678 EDUCATIONAL SCHOLARSHIPS East Asia/Pacific 23 192466 CHECK EDUCATIONAL SCHOLARSHIPS Europe/Iceland/Greenland 44 313879 CHECK EDUCATIONAL SCHOLARSHIPS Middle East/North Africa 3 12270 CHECK EDUCATIONAL SCHOLARSHIPS South America 4 23147 CHECK EDUCATIONAL SCHOLARSHIPS Sub-Saharan Africa 4 30916 CHECK MONITORING THE USE OF GRANT FUNDS, PART I, LINE 2: All grants represent scholarships awarded to individuals studying outside of the U.S. Scholarship funds are sent directly to the Institutions at which the individuals are studying. At the completion of the course of study, the Institution abroad awards academic credit to the students, which are then transferred to Denison. In this way, we know the funds were indeed used for scholarship purposes. true EDUCATIONAL SCHOLARSHIPS 2039 40828274 MONITORING THE USE OF GRANT FUNDS, PART I, LINE 2: All scholarships and grants are based on financial need or academic merit. Individuals receiving distributions from the University are chosen based upon objective and non-discriminatory criteria which are consistent with the overall tax-exempt purpose of the University. Scholarships are either applied to students' individual accounts at Denison, or sent directly to the off-campus program within the United States at which the student is studying. X X X true true X X X X false false false false false false false false false Dale T Knobel 360393 0 0 0 37654 0 31410 0 16960 0 446417 0 0 0 Seth H Patton 186375 0 0 0 24099 0 26160 0 11260 0 247894 0 0 0 Bradley W Bateman 194582 0 0 0 637 0 22740 0 20594 0 238553 0 0 0 Julia Beyer Houpt 181942 0 0 0 12290 0 24660 0 19958 0 238850 0 0 0 Adele N Gorrilla 276413 0 0 0 348 0 31410 0 9884 0 318055 0 0 0 Perry H Robinson 156429 0 0 0 12566 0 20160 0 10961 0 200116 0 0 0 Samuel J Thios 122317 0 0 0 40472 0 24495 0 16058 0 203342 0 0 0 Anthony J Lisska 107156 0 0 0 41243 0 22999 0 16675 0 188073 0 0 0 David O Woodyard 100969 0 0 0 42230 0 21307 0 16784 0 181290 0 0 0 Daniel Don Bonar 101609 0 0 0 40695 0 21240 0 12543 0 176087 0 0 0 Joan E Krone 113300 0 0 0 24041 0 15464 0 15526 0 168331 0 0 0 Lisa M Bazley 114447 0 0 0 20932 0 15304 0 6314 0 156997 0 0 0 BENEFITS PROVIDED TO CERTAIN OFFICERS, PART I, LINE 1A: DENISON UNIVERSITY PROVIDES THE FOLLOWING BENEFITS TO CERTAIN EMPLOYEES: HOUSING: THE PRESIDENT AND THE VICE PRESIDENT OF STUDENT AFFAIRS LIVE IN UNIVERSITY-OWNED HOUSING. THIS HOUSING IS REQUIRED AS A CONDITION OF EMPLOYMENT FOR THESE EMPLOYEES AND THEREFORE IS NOT CONSIDERED TAXABLE COMPENSATION. CLUB DUES: THE UNIVERSITY PAYS MEMBERSHIP DUES FOR ITS PRESIDENT. THE PERSONAL USE PORTION OF THE DUES IS TREATED BY THE UNIVERSITY AS TAXABLE COMPENSATION TO THE PRESIDENT. PERSONAL SERVICES: THE UNIVERSITY PROVIDES CUSTODIAL SERVICES FOR THE UNIVERSITY-OWNED RESIDENCE OF THE PRESIDENT. THESE SERVICES ARE NOT TREATED AS TAXABLE COMPENSATION. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756ATM4 2004-04-15 44449966 EDUC.FACILITIES&REFUND 1996 BONDS false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BUA6 2007-02-20 86495611 EDUC.FACILITIES&REFUND 2001 BONDS false false OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AW81 2010-03-18 27756730 EDUC.FACILITIES&REFUND 2001 BONDS false false 44661764 294488 15005863 2006 false true true true 89998678 45956719 1818230 435357 38533631 2010 false true false 27757660 2493026 25070871 256677 false true false false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false false false false false false true TRANSAMERICA LIFE IN 3.33 true false false false false false false false false X 133 1518927 FMV X 1 55000 INDEP.VALUATION 0 false true true REVENUE NOT REPORTED FOR CERTAIN CONTRIBUTIONS, PART I, LINE 33: IN ACCORDANCE WITH SFAS 116, DENISON UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS AND WORKS OF ART. ACCORDINGLY, A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G. USE OF THIRD PARTIES, PART I, LINE 32B: DENISON UNIVERSITY USES A THIRD-PARTY BROKER TO PROCESS AND SELL ALL GIFTS OF PUBLICLY TRADED SECURITIES. THE FEES CHARGED BY THE BROKER FOR THESE SERVICES ARE AT FAIR MARKET VALUE. BUSINESS RELATIONSHIPS, FORM 990, PART VI, LINE 2: MARK F. DALTON, RONALD S. BEARD, AND PAUL A. DIMITRUK HAVE A BUSINESS RELATIONSHIP. COMMITTEE MINUTES, FORM 990, PART VI, LINE 8B: SEVEN OF THE STANDING COMMITTEES OF THE BOARD OF TRUSTEES DOCUMENT THEIR MEETINGS WITH MINUTES: BUILDINGS & GROUNDS, ENROLLMENT, FINANCE & AUDIT, INVESTMENT, STUDENT AFFAIRS, TRUSTEE AFFAIRS, AND UNIVERSITY RELATIONS AND DEVELOPMENT. THERE ARE NO MINUTES FOR THE COMMITTEE ON ACADEMIC AFFAIRS. HOWEVER, PERSONNEL ACTIONS TAKEN BY THE COMMITTEE ARE FORWARDED TO THE FULL BOARD WHERE THEY ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE NO MINUTES FOR THE COMMITTEE ON ALUMNI AFFAIRS. THIS COMMITTEE MEETS ONCE PER YEAR FOR THE SOLE PURPOSE OF SELECTING NOMINEES FOR ALUMNI CITATIONS. THE LIST OF NOMINEES IS FORWARDED TO THE FULL BOARD WHERE THE NAMES ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE NO MINUTES FOR THE COMMITTEE ON HONORARY DEGREES. NAMES OF NOMINEES ARE FORWARDED TO THE FULL BOARD WHERE THEY ARE RECORDED IN THE MINUTES OF THE FULL BOARD BUSINESS MEETING UPON APPROVAL. THERE ARE CURRENTLY NO MEETINGS OF THE EXECUTIVE COMMITTEE. FORM 990 REVIEW, FORM 990, PART VI, LINE 11A: FORM 990 IS PRESENTED TO THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. THE 990 WAS NOT COMPLETED IN TIME FOR A REVIEW AT THE APRIL, 2011 COMMITTEE MEETING, AND SO IT WAS DISTRIBUTED ELECTRONICALLY IN MAY, 2011 TO ALL COMMITTEE MEMBERS INVITING QUESTIONS AND/OR COMMENTS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. MONITORING AND ENFORCEMENT OF CONFLICT POLICY, FORM 990, PART VI, LINE 12C: Responses to the Conflict of Interest questionnaire are reviewed annually by the Committee on Trustee Affairs. Results of the review are reported to the full Board. Procedurally, the Human Resource Office and/or the President's Office annually distributes the conflict of interest questionnaires for completion by Trustees, Officers, Administrative staff and Teaching Faculty acting in administrative capacities. The completed forms are reviewed when returned. To the extent that those completed by Board Members or Senior Administrators reveal a possible conflict of interest, they are forwarded to the Committee for further consideration. Additionally, if there is reasonable cause to believe that anyone has failed to disclose actual or possible conflicts of interest, the Committee shall be informed and pursue these concerns. The President or her/his designee reviews the completed questionnaires by all other Members of the Administration and Members of the Teaching Faculty acting in an administrative capacity and properly carry out the provisions of the policy on all matters of a conflict of interest. The President or her/his designee will provide a written report to the Chair of the Board on all matters of conflict of interest which he or she has addressed administratively. Denison's policy details specific procedures for handling potential conflicts of interest. Family and Business Relationships are disclosed in the Form 990. COMPENSATION REVIEW AND APPROVAL, FORM 990, PART VI, LINE 15: At its April meeting each year, the Board of Trustees delegates to its Chair and two Vice Chairs the authority to review and approve compensation levels for the senior administrative staff of the college. The Chairs and Vice Chairs deliberate and approve these salaries, typically in June, after conferring on job performance and reviewing independently compiled comparable information. At its October meeting each year, the Board ratifies the actions of the Chair and Vice Chairs of the Board with regard to the salaries and the following is recorded in the minutes of the Board so as to provide adequate documentation of the basis for determination of salaries: - None of the individuals holding senior positions are members of the Executive Committee of the Board of Trustees approving the salaries. - The Chair and Vice Chairs of the Board conferred on matters of job performance and relied upon an independent valuation of the compensation or consideration. The approved salary in each case was reviewed and compared to salary data for the comparable positions for the other Great Lakes Colleges Association (GLCA) and Associated Colleges of the Midwest (ACM) Colleges as compiled independently by the respective GLCA/ACM Consortia staffs. The salaries awarded do not provide benefits in excess of the value of the services being rendered to Denison University. The GLCA and ACM salary information used by the Chair and Vice Chairs in establishing the salaries of senior administrators is also shared in executive session with the entire Board of Trustees each October. The GLCA/ACM comparative information is maintained over time so as to provide the Board with historic trend information as well as current information. Internal information is also provided to the Board related to cost per student and senior salaries as a percentage of total payroll and total institutional revenue. AVAILABILITY OF DOCUMENTS, FORM 990, PART VI, LINE 19: Denison's audited financial statements are made available to the public through our Finance Office website. Governing documents and conflict of interest policy are available upon request from the Vice President for Finance and Management. DENISON UNIVERSITY RESEARCH FOUNDATION PO BOX 810 GRANVILLE OH 43023 316024390 RSCH.GRANTS OH 501(c)(3) 11A NA false false true false false false false false false false true false true false false true false false DENISON UNIVERSITY RESEARCH FOUNDATION C 135596