2011-02-07T09:22:08-06:00 2010-06-30 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2009-07-01 410693960 TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA TRUS 6515232800 1536 HEWITT AVENUE MS-A1775 ST PAUL MN 551041284 DOUGLAS P ANDERSON 6515232800 2011-01-29 1 Xiaoyan Luo 6123764500 2009 2016-02-24 21:20:13Z LINDA N HANSON 1536 HEWITT AVENUE MS-A1775 ST PAUL MN 551041284 148485079 0 X WWW.HAMLINE.EDU X 1854 MN HIGHER EDUCATION INSTITUTION - UNDERGRADUATE AND GRADUATE STUDENTS 34 33 2695 401 0 -15050 8678924 16127045 97139243 99299883 -14518177 4410281 338375 170520 91638365 120007729 24804407 26605098 0 54732387 57599806 292500 133375 2192874 29008653 29052290 108837947 113390569 -17199582 6617160 172322696 183949045 57969727 57883247 114352969 126065798 THE MISSION OF THE UNIVERSITY IS TO CREATE A DIVERSE AND COLLABORATIVE COMMUNITY OF LEARNERS DEDICATED TO THE DEVELOPMENT OF STUDENTS' KNOWLEDGE, VALUES, AND SKILLS FOR SUCCESSFUL LIVES OF LEADERSHIP, SCHOLARSHIP AND SERVICE. 0 0 60840290 26605098 94185202 HAMLINE UNIVERSITY IS A NATIONALLY RANKED COMPREHENSIVE UNIVERSITY SERVING 4,900 STUDENTS IN ITS UNDERGRADUATE COLLEGE, SCHOOL OF LAW AND GRADUATE SCHOOLS. IT OFFERS UNDERGRADUATE, MASTERS, DOCTORATE AND PROFESSIONAL DEGREES, AS WELL AS CERTIFICATE AND CONTINUING STUDIES PROGRAMS. FOUNDED IN 1854, HAMLINE WAS THE FIRST INSTITUTION OF HIGHER LEARNING IN MINNESOTA.DURING THE PAST 155 YEARS, HAMLINE HAS ESTABLISHED A NATIONAL REPUTATION FOR ACADEMIC QUALITY, AS WELL AS PROVIDING STUDENTS WITH PERSONAL ATTENTION AND EXCEPTIONAL EXPERIENCES. HAMLINE IS ONE OF ONLY 276 PHI BETA KAPPA INSTITUTIONS IN THE UNITED STATES. AMONG COMPREHENSIVE UNIVERSITIES, U.S. NEWS AND WORLD REPORT RANKS HAMLINE FIRST IN MINNESOTA, ONE OF THE TOP TEN IN THE MIDWEST AND AMONG THE NATION'S LEADING UNIVERSITIES. THE SCHOOL OF LAW'S ALTERNATIVE DISPUTE RESOLUTION PROGRAM IS RANKED SECOND IN THE NATION BY U.S. NEWS AND WORLD REPORT.HAMLINE UNIVERSITY IS RECOGNIZED AS A DIVERSE, LEARNING-CENTERED UNIVERSITY THAT IS ROOTED IN A TRADITION OF LIBERAL ARTS; DYNAMIC AND ACTIVELY INCLUSIVE; LOCALLY ENGAGED AND GLOBALLY CONNECTED. THE UNIVERSITY HAS A STRONG TRADITION OF EXCELLENCE IN TEACHING, RESEARCH, AND SCHOLARSHIP. AMONG ITS LONGSTANDING VALUES ARE COMMITMENTS TO RIGOROUS ACADEMICS; CREATION, DISSEMINATION, AND PRACTICAL APPLICATION OF KNOWLEDGE; MULTICULTURAL COMPETENCIES; THE DEVELOPMENT AND EDUCATION OF THE WHOLE PERSON; AND AN ETHIC OF SOCIAL JUSTICE AND CIVIC RESPONSIBILITY. 15077742 0 653472 ACADEMIC SUPPORT - ADMINISTRATIVE AND SUPPORT FUNCTIONS, SUCH AS LIBRARIES THAT ARE DIRECTLY RELATED TO INSTRUCTIONAL PROGRAMS. 13076179 0 330958 STUDENT SERVICES - EXPENDITURES OF THOSE OFFICES AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO STUDENTS' WELL-BEING AND DEVELOPMENT. 6345322 0 4130251 AUXILIARIES - EXPENDITURES FOR STUDENT HOUSING, ETC. 1058578 0 0 OTHER PROGRAM SERVICES - EXPENDITURES OF THOSE OFFICES AND ACTIVITIES WHOSE PRIMARY PURPOSE IS TO SUPPORT THE PROGRAM ACTIVITIES OF THE UNIVERSITY. 7403900 4130251 96398111 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 386 0 1 2695 1 1 1 1 CJ 0 0 0 1 1 0 0 0 34 33 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X DOUGLAS ANDERSON 6515232203 1536 HEWITT AVENUE ROOM MS-A1775 ST PAUL MN 551041284 LINDA N HANSON 40.00 X X 414531 0 82010 ROBB PRINCE 2.00 X X 0 0 0 KITA MCVAY 2.00 X X 0 0 0 Mary K Murray Boyd 2.00 X X 0 0 0 STEVEN J OLSON 2.00 X X 0 0 0 JOHN BANOVETZ 2.00 X 0 0 0 ANN BENTDAHL 2.00 X 0 0 0 ELLIS BULLOCK 2.00 X 0 0 0 LAURA CHIN 2.00 X 0 0 0 ALLAN R DEBOER 2.00 X 0 0 0 BISHOP SALLY DYCK 2.00 X 0 0 0 WINSTON FOLKERS 2.00 X 0 0 0 JEANNE M Forneris 2.00 X 0 0 0 JOAN L GARDNER 2.00 X 0 0 0 JOSEPH P GRABA 2.00 X 0 0 0 CINDY GREGERSON 2.00 X 0 0 0 JEFFREY HAMLET 2.00 X 0 0 0 BRENDA EDMONDSON HEIM 2.00 X 0 0 0 RICHARD HOEL 2.00 X 0 0 0 CHARLES H JOHNSON 2.00 X 0 0 0 GLORIA H KAULS 2.00 X 0 0 0 ROBERT C KLAS JR 2.00 X 0 0 0 MICHAEL S LAFONTAINE 2.00 X 0 0 0 KENT T LARSON 2.00 X 0 0 0 GWEN M LERNER 2.00 X 0 0 0 BARBARA K LUPIENT 2.00 X 0 0 0 RICHARD MACK 2.00 X 0 0 0 KATHERINE AUSTIN MAHLE 2.00 X 0 0 0 WILLIAM MANNING 2.00 X 0 0 0 DAVID M PETROCCHI 2.00 X 0 0 0 JOEL PORTICE 2.00 X 0 0 0 BRUCE ROBBINS 2.00 X 0 0 0 MARY SCHROCK 2.00 X 0 0 0 RICARDO PAUL VALLEJOS 2.00 X 0 0 0 DOUGLAS ANDERSON 40.00 X 175494 0 22380 DAVID STERN 40.00 X 210811 0 30867 DONALD LEWIS 40.00 X 244146 0 34301 DANIEL LORITZ 40.00 X 184433 0 23171 JULIAN SCHUSTER 40.00 X 183335 0 18319 LARRY BAKKEN 40.00 X 164368 0 27113 MARIE FAILINGER 40.00 X 159258 0 21262 1736376 0 259423 55 0 1 0 Aramark Campus Services Inc 1536 Hewitt Avenue Saint Paul MN 55104 Food service 2705397 ABM Janitorial North Central 75 Remittance Dr 3048 Chicago IL 60675 Janitorial 1575348 McGough Construction 2737 Fairview Ave N St Paul MN 551131307 Construction 1050552 EIIA 200 S WACKER DR 1000 CHICAGO IL 60606 INSURANCE 786694 IKON IMS PO Box 9115 Macon GA 312089115 Copier service 582566 27 65886 3118850 12942309 614078 16127045 TUITION AND FEES 611600 94185202 94185202 AUXILIARY ENTERPRISES 611600 4130251 4130251 SALES AND SERVICES 611600 635613 635613 OTHER PROGRAM REVENUES 611600 348817 348817 99299883 1894517 1894517 154496 154496 154496 154496 27921221 25401916 3541 2519305 -3541 2515764 2515764 25874 65886 62456 -36582 -36582 3062043 3009437 52606 52606 120007729 99352489 0 4528195 26005563 26005563 599535 599535 890944 890944 45045220 36833772 7057175 1154273 2634164 2153973 412691 67500 6047329 4944307 947584 155438 2982149 2438522 467210 76417 117891 117891 128968 382 128586 87753 87753 914 457 457 133375 133375 468632 2500 466132 1951738 1354642 501156 95940 1834657 1195469 490546 148642 3421239 2802988 531272 86979 944891 348808 596083 1038 1038 5512359 5489624 21962 773 2830471 2633949 157887 38635 1102983 653663 385403 63917 1253655 1185958 58730 8967 6658972 6343297 273860 41815 580304 225119 355185 BAD DEBT EXPENSE 563830 1562 465268 97000 PROGRAM EXPENSE 448837 263281 185486 70 BANK & CREDIT CARD FEES 258158 564 257594 PROGRAM DEVELOPMENT 118634 118435 199 SUPPORT TO OTHER ORGANI 70430 64446 5984 695936 618823 54437 22676 113390569 96398111 14799584 2192874 -1 9963763 12037697 6011887 9576477 3712317 4259536 171125 223193 693998 620519 166767760 87402854 79693831 79364906 43965953 50746150 18378956 17431670 8310330 8208190 1420537 1480707 172322696 183949045 12146214 11767581 8619067 8721131 3842900 4365506 23530000 30545143 7671352 300000 2160194 2183886 57969727 57883247 X 46188550 48870307 11663269 17194547 56501150 60000944 114352969 126065798 172322696 183949045 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 8000 0 0 8000 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: the organization engaged a firm to assist in legislative activities that affect the university. X X X 0 58581182 3185588 7942168 1352082 1096524 719970 66540362 75040376 1325758 -14109366 1438404 1852718 384464 58581182 0.07210 0.86120 0.06670 1 0 2926280 2926280 100346063 46387656 53958407 7964041 4546401 3417640 35582472 25747164 9835308 19948904 10721633 9227271 79364906 2200551 F 6304041 F HEDGE FUNDS 8927078 F 17431670 ANNUITIES & UNITRUSTS PAYABLE 2183886 2183886 120007729 113390569 6617160 4123020 972649 5095669 11712829 96558175 4123020 7216659 11339679 85218496 433217 34356016 34789233 120007729 87435544 3075434 3075434 84360110 433217 28597242 29030459 113390569 Part III, Line 1a: THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE BALANCE SHEET. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF POTTERY, PRINTS, MUSICAL INSTRUMENTS, AND PAINTINGS THAT ARE HELD FOR EDUCATIONAL AND PERFORMANCE PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. Part III, Line 4: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF POTTERY, PRINTS, MUSICAL INSTRUMENTS, AND PAINTINGS THAT ARE HELD FOR EDUCATIONAL AND PERFORMANCE PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. Part V, Line 4: Description of Intended Use of Endowment Funds: THE INTENDED USES OF THE ENDOWMENT FUNDS ARE TO ESTABLISH A SCHOLARSHIP OR PRIZE, TO CREATE A CHAIR IN A SPECIFIC ACADEMIC AREA, TO FUND A PARTICULAR RESEARCH PROGRAM, TO FUND OTHER PROGRAMS SUCH AS PROFESSORSHIPS, FELLOWSHIPS, LIBRARY, BUILDINGS, EQUIPMENT AND LECTURES, AND DISCRETIONARY USE BY THE PRESIDENT (UNRESTRICTED). Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 972649. Part XII, Line 2d - Other Adjustments: APPROPRIATION OF ENDOWMENT ASSETS FOR EXPENDITURE: 3168576. COST OF SALES AUXILIARIES: 3009437. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 972649. FUNDRAISING EVENT EXPENSES: 62456. LOSS ON ASSET DISPOSAL: 3541. Part XII, Line 4b - Other Adjustments: student AID: 26537098. INVESTMENT INCOME: 7713509. interest rate swap: 105409. Part XIII, Line 2d - Other Adjustments: COST OF SALES -- AUXILIARIES: 3009437. FUNDRAISING EVENT EXPENSES: 62456. LOSS ON ASSET DISPOSAL: 3541. Part XIII, Line 4b - Other Adjustments: STUDENT AID: 26537098. RESTRUCTURING COSTS: 1684496. BOARD DESIGNATED UNRESTRICTED SPENDING: 270239. interest rate swap: 105409. 1 1 1 HAMLINE UNIVERSITY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL MAJOR PUBLICATIONS, INCLUDING THOSE RELATED TO ADMISSION AND STUDENT SERVICES, HAMLINE MAGAZINE, AND THE ANNUAL REPORT, AS WELL AS ON THE UNIVERSITY WEBSITE. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDING. 1 1 Central America and the Caribbean PROGRAM SERVICES STUDY ABROAD PROGRAM 38970 Europe (Including Iceland & Greenland) PROGRAM SERVICES STUDY ABROAD PROGRAM, STUDENT ACTIVITIES & PROGRAM DEVELOPMENT 991577 Middle East and North Africa PROGRAM SERVICES STUDY ABROAD PROGRAM & FACULTY DEVELOPMENT 53815 South America PROGRAM SERVICES STUDY ABROAD PROGRAM & FACULTY DEVELOPMENT 78633 South Asia PROGRAM SERVICES RECRUITMENT 3120 East Asia and the Pacific PROGRAM SERVICES STUDY ABROAD PROGRAM, FACULTY DEVELOPMENT & RECRUITING 414520 Sub-Saharan Africa PROGRAM SERVICES FACULTY DEVELOPMENT 69642 Russia & the Newly Independent States PROGRAM SERVICES FACULTY DEVELOPMENT 571 North America PROGRAM SERVICES FACULTY DEVELOPMENT 1601 Central America and the Caribbean INVESTMENTS 21601121 0 0 23253570 EDUCATIONAL FINANCIAL ASSISTANCE South America 5 73350 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE Central America and the Caribbean 4 53000 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE East Asia and the Pacific 34 289300 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE Europe (Including Iceland & Greenland) 1 15000 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE Sub-Saharan Africa 6 66163 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE South Asia 3 38500 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE North America 2 17500 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE Middle East and North Africa 2 27250 DISBURSEMENT ON STUDENT ACCOUNT EDUCATIONAL FINANCIAL ASSISTANCE Russia & the Newly Independent States 1 19472 DISBURSEMENT ON STUDENT ACCOUNT Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: HAMLINE DOES MONITOR ACADEMIC ACHIEVEMENT OF RECIPIENTS FOR THE PURPOSE OF QUALIFICATION FOR ASSISTANCE. X X X X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC CAMPAIGN CONSULTING 0 0 160000 -160000 160000 -160000 MN LAW DEAN'S DINNER 53800 45600 8200 2575 12732 19725 PAA GOLF CLASSIC 13919 2093 11826 360 2301 5315 13 2 24041 18193 5848 17139 86 2210 91760 65886 25874 360 22015 18133 21948 62456 -36582 1 EDUCATIONAL FINANCIAL ASSISTANCE 2427 25937563 COMPETITION AWARDS 6 68000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: HAMLINE FOLLOWS THE FEDERAL REGULATIONS ON AWARDING ANY GRANT FUNDS. THERE IS AN ANNUAL AUDIT TO ENSURE COMPLIANCE WITH THESE REGULATIONS. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 LINDA N HANSON 295941 0 88500 0 30090 0 24500 0 57510 0 496541 0 0 0 DOUGLAS ANDERSON 175494 0 0 0 0 0 16845 0 5535 0 197874 0 0 0 DAVID STERN 210811 0 0 0 0 0 20803 0 10064 0 241678 0 0 0 DONALD LEWIS 244146 0 0 0 0 0 23958 0 10343 0 278447 0 0 0 DANIEL LORITZ 184433 0 0 0 0 0 16924 0 6247 0 207604 0 0 0 JULIAN SCHUSTER 182549 0 0 0 786 0 16495 0 1824 0 201654 0 0 0 LARRY BAKKEN 164368 0 0 0 0 0 12305 0 14808 0 191481 0 0 0 MARIE FAILINGER 159258 0 0 0 0 0 15223 0 6039 0 180520 0 0 0 Part I, Line 1a LINDA HANSON -- FIRST CLASS TRAVEL -- $20,452 -- NOT INCLUDIBLE IN TAXABLE COMPENSATION. LINDA HANSON -- RESIDENCE FOR PERSONAL USE -- $48,000 -- NOT INCLUDIBLE IN TAXABLE COMPENSATION. LINDA HANSON -- SOCIAL CLUB DUES -- $5,226 -- NOT INCLUDIBLE IN TAXABLE COMPENSATION. LINDA HANSON -- TRAVEL FOR COMPANIONS -- $15,099 -- NOT INCLUDIBLE IN TAXABLE COMPENSATION. Part I, Line 7 THE ORGANIZATION HAS AN INCENTIVE PROGRAM WHEREIN THE BOARD OF TRUSTEES MAY PROVIDE FOR A BONUS POOL TO BE ALLOCATED AMONG EMPLOYEES SHOULD CERTAIN OPERATIONAL TARGETS BE MET. IN ADDITION, THE PRESIDENT OF THE ORGANIZATION HAS A PROVISION WRITTEN INTO HER CONTRACT WHICH PROVIDES FOR A NON-FIXED PAYMENT. ALL AMOUNTS REPORTED IN SCHEDULE J PART II COLUMN (B)(II) BONUS & INCENTIVE COMPENSATION REFLECT PAYMENTS UNDER THIS PROVISION. MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HEP5 2005-06-30 9580000 REFUND OF PRIOR BOND 0 0 MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HEQ3 2005-06-30 8580000 FINANCE CONSTRUCTION & REFINANCE A LOAN 0 0 MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HHT4 2006-08-24 2195000 REFUND OF PRIOR BOND 0 0 MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HRM8 2010-06-28 14890000 REFUND OF PRIOR BOND & REFINANCE A LOAN 0 0 10777873 10625408 152465 2005 0 1 1 1 8580000 118935 6830000 2006 0 0 1 1 2810890 2749360 61530 2006 1 0 1 1 15500882 1426635 6644247 130000 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 RBC DAIN 6.000000000000 0 0 0 0 0 0 0 0 0 THOMAS MCGOUGH SR LIFE TRUSTEE 471545 CONSTRUCTION SERVICES PROVIDED BY MCGOUGH CONSTRUCTION 0 X 17 614078 STOCK MARKET 0 0 1 0 Form 990, Part VI, Section A, line 1 Form 990, Part VI, Section A, line 1: THE BOARD OF TRUSTEES DOES HAVE AN EXECUTIVE COMMITTEE, ALL OF WHOM ARE VOTING TRUSTEES. THE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, SECRETARY AND TREASURER OF THE BOARD OF TRUSTEES, ALONG WITH THE CHAIRS OF ALL BOARD STANDING COMMITTEES. IN ADDITION, ONE OR TWO TRUSTEES MAY SERVE IN AT-LARGE POSITIONS ON THE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TO HELP THE PRESIDENT ADDRESS BUSINESS BETWEEN REGULAR BOARD MEETINGS AND ASSIST THE CHAIR AND PRESIDENT WITH THEIR JOINT RESPONSIBILITY TO HELP THE BOARD FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT THE FOLLOWING: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; AMENDMENTS TO THE ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. IN ADDITION, THE COMMITTEE HAS THE AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING AND THE COMMITTEE OVERSEES THE WORK OF BOARD COMMITTEES, AND THE UNIVERSITY PLANNING PROCESS AND PROGRESS ON PLANNING GOALS. Form 990, Part VI, Section A, line 4 THE UNIVERSITY'S BYLAWS WERE AMENDED IN FEBRUARY 2010 TO MAKE THE FOLLOWING SIGNIFICANT CHANGE: A TRUSTEE'S SECOND TERM MAY BE EXTENDED FOR ONE YEAR IF RECOMMENDED BY THE TRUSTEESHIP COMMITTEE AND APPROVED BY A MAJORITY OF THE TRUSTEES. Form 990, Part VI, Section A, line 7a THE TRUSTEES OF HAMLINE UNIVERSITY ARE APPOINTED BY THE MINNESOTA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. THE PRESIDENT OF THE UNIVERSITY AND THE BISHOP OF THE CONFERENCE ARE EX OFFICIO TRUSTEES WITH FULL VOTING POWERS. Form 990, Part VI, Section B, line 11 THE FORM 990 WAS REVIEWED BY MANAGEMENT AND AUDIT COMMITTEE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR MONITORING AND RESPONDING TO CONFLICTS OF INTEREST. AN INDIVIDUAL WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM DISCUSSIONS AND VOTING ON THE ISSUE. Form 990, Part VI, Section B, line 15 The determination of compensation for the individuals identified included review and approval by independent persons, review of comparability data and contemporaneous substantiation of the deliberation and decision. Form 990, Part VI, Section C, line 19 HAMLINE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE AT THE MINNESOTA SECRETARY OF STATE'S OFFICE. HAMLINE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. HAMLINE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS NOT OPEN TO THE PUBLIC.