2026-04-14T12:05:28-05:00 2025-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S EASTON ROAD GLENSIDE PA 19038 SCOTT BARTON CFO 2155722900 2026-04-14 1 0 X KERRI N BOGDA P00760402 7177404863 2026-04-14 2024 2025-03-06 01:10:19Z SCOTT BARTON 450 S EASTON ROAD GLENSIDE PA 19038 203186000 0 X WWW.ARCADIA.EDU X 1853 PA ARCADIA UNIVERSITY PROVIDES A DISTINCTIVELY GLOBAL, INTEGRATIVE, AND PERSONAL LEARNING EXPERIENCE FOR INTELLECTUALLY CURIOUS UNDERGRADUATE AND GRADUATE STUDENTS IN PREPARATION FOR A LIFE OF SCHOLARSHIP, SERVICE, AND PROFESSIONAL CONTRIBUTION. 18 17 1037 800 0 38986 5338000 5560000 155175000 179016000 3082000 2509000 825000 517000 164420000 187602000 45587000 54525000 0 0 57235000 59617000 0 0 1796000 67665000 77311000 170487000 191453000 -6067000 -3851000 242566000 243615000 102450000 104095000 140116000 139520000 X ARCADIA UNIVERSITY'S PIONEERING, GLOBAL, INTEGRATED, LIBERAL ARTS, AND PROFESSIONAL LEARNING EXPERIENCE CULTIVATES LEADERS WHO ARE INTELLECTUALLY FEARLESS AND UNIQUELY PREPARED FOR LIFE AND WORK. OUR HIGHLY REGARDED, VALUES-BASED LEARNING COMMUNITY REFLECTS THE WORLD IN WHICH WE WANT TO LIVE. 0 0 119681000 50962000 116740000 ARCADIA UNIVERSITY OFFERS A HIGH-QUALITY LIBERAL ARTS EDUCATION. STUDENTS CHOOSE FROM OVER 65 MAJOR FIELDS OF STUDY IN THE SCIENCES, HEALTH SCIENCES, EDUCATION, ARTS AND HUMANITIES, AND BUSINESS EARNING THEIR BACHELOR'S, MASTER'S, PROFESSIONAL CERTIFICATES, AND DOCTORAL DEGREES. 99% OF ARCADIA'S FULL-TIME UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS AND SCHOLARSHIPS. ARCADIA ALSO OFFERS STUDENTS ACADEMIC SUPPORT PROGRAMS, INCLUDING THE GATEWAY TO SUCCESS PROGRAM, WHICH INCLUDES ACT101 SERVICES FOR PA RESIDENTS WHO QUALIFY. STUDENTS RECEIVE PERSONAL ATTENTION AND RESOURCES THROUGHOUT THE ACADEMIC YEAR TO HELP THEM SUCCEED. 26574000 873000 46698000 ARCADIANS ARE DRIVEN TO SEEK, EXPERIENCE, AND UNDERSTAND BROAD AND VARIED PERSPECTIVES, PREPARING THEM TO THRIVE IN AN INTERCONNECTED WORLD. ARCADIA UNIVERSITY IS DISTINCT IN THAT OUR UNDERGRADUATE AND GRADUATE STUDENTS ENGAGE IN REAL-WORLD LEARNING OPPORTUNITIES, INCLUDING INTERNSHIPS, EVIDENCE-BASED RESEARCH, SERVICE LEARNING, MULTI-DISCIPLINARY AND EXPERENTIAL LEARNING THAT EXPANDS BEYOND THE CLASSROOM. THE ARCADIA UNDERGRADUATE CURICULUM (AUC) ENSURES IMMERSION WITH GLOBAL ISSUES THROUGH STUDY ABROAD OR DOMESTIC PROGRAMMING. ARCADIA CONTINUES TO RANK NATIONALLY FOR STUDY ABROAD PARTICIPATION AND PROVIDES ONE OF THE MOST EXTENSIVE UNIVERSITY STUDY ABROAD PROGRAMS IN THE NATION. OUR GLOBAL PROGRAMS CONTINUE TO EDUCATE OVER 3,000 UNDERGRADUATE STUDENTS FROM U.S. INSTITUTIONS EVERY YEAR. 12268000 2690000 15578000 WE BELIEVE THAT LIVING IN CLOSE PROXIMITY TO PEOPLE FROM DIFFERENT BACKGROUNDS IS A CRITICALLY IMPORTANT WAY FOR STUDENTS TO LEARN IMPORTANT LIFE SKILLS, AND WE TREAT RESIDENTIAL LIFE AS AN IMPORTANT OPPORTUNITY FOR LEARNING. OUR DESIRE IS TO ENSURE THAT STUDENTS' LIVING ARRANGEMENTS SUPPORT AND ENHANCE THEIR EDUCATIONAL WORK AND GOALS. WHILE OUR PRIMARY GOAL IS TO PROVIDE SAFE LIVING ENVIRONMENTS CONDUCIVE TO STUDY AND ACADEMIC SUCCESS, WE ENCOURAGE AND SUPPORT THE DEVELOPMENT OF THE FOLLOWING CORE COMPETENCIES IN OUR STUDENTS: DIVERSITY AND INCLUSION; GLOBAL PERSPECTIVES; CIVIC ENGAGEMENT; CITIZENSHIP; SELF-ADVOCACY; PROBLEM-SOLVING; RESPECT FOR OTHERS; AND THE DEVELOPMENT OF IDENTITY, PURPOSE, AND INTEGRITY. WITHIN THE RESIDENCE HALLS AND APARTMENTS, AN ENGAGED TEAM OF PROFESSIONAL AND PARAPROFESSIONAL STAFF USE THE PHYSICAL STRUCTURE OF THE LIVING ENVIRONMENT AS A TOOL TO MAXIMIZE LEARNING MOMENTS AND CHALLENGE STUDENTS TO DEVELOP AND APPLY THESE COMPETENCIES. 158523000 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 X 642 0 1037 1 1 1 1 AS EI IT NZ SF SP UK 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA ME NJ NY PA TX X SCOTT BARTON 2155722900 450 S EASTON ROAD GLENSIDE PA 190383295 JOHN ROLLINS CHAIR 12.00 0.00 X X 0 0 0 GRETCHEN SANTAMOUR VICE CHAIR 8.00 0.00 X X 0 0 0 KENNETH C WEIRMAN VICE CHAIR 8.00 0.00 X X 0 0 0 JACQUELINE L CANNON TRUSTEE 5.00 0.00 X 0 0 0 PATRICIA SAINT CYR-HAGER TRUSTEE 5.00 0.00 X 0 0 0 JUAN DUQUE PHD TRUSTEE 5.00 0.00 X 0 0 0 RONALD J EICHOLTZ TRUSTEE 5.00 0.00 X 0 0 0 PERI HIGGINS TRUSTEE 5.00 0.00 X 0 0 0 CAROLYN HODGES TRUSTEE 5.00 0.00 X 0 0 0 CHARLES LENTZ TRUSTEE 5.00 0.00 X 0 0 0 MARC WALSH MCKENNA TRUSTEE 5.00 0.00 X 0 0 0 ASHISH PARMAR TRUSTEE 5.00 0.00 X 0 0 0 MICHEL PAUL TRUSTEE 5.00 0.00 X 0 0 0 ELLIOTT A ROTH TRUSTEE 5.00 0.00 X 0 0 0 DAVID A SADOFF TRUSTEE 5.00 0.00 X 0 0 0 KEVIN SHOLLENBERGER TRUSTEE 5.00 0.00 X 0 0 0 CAMILO LOPEZ DELGADO TRUSTEE 5.00 0.00 X 0 0 0 AJAY NAIR PRESIDENT 40.00 0.00 X X 521390 0 103948 JEFFREY RUTENBECK PROVOST/SVP ACADEMIC AFFAIRS 40.00 0.00 X 294329 0 59699 BRIGETTE BRYANT VP DEVELOPMENT/ALUMNI ENGAGE 40.00 0.00 X 268174 0 63682 JOAN SINGLETON CHIEF FINANCIAL OFFICER 40.00 0.00 X 317221 0 83800 MARGARET CALLAHAN GENERAL COUNSEL/SECRETARY 40.00 0.00 X 255251 0 67831 MARY SWEENEY VP HR & EMPLOYEE EXPERIENCE 40.00 0.00 X 43945 0 21363 RASHMI RADHAKRISHNAN VP ENROLL MGMT, TECH & INNOV/CIO 40.00 0.00 X 254371 0 47380 DANIEL DIPRINZIO CHIEF COMMUNICATIONS OFFICER 40.00 0.00 X 133538 0 37634 DONOVAN MCCARGO VP CAMPUS LIFE & DEAN OF STUDENTS 40.00 0.00 X 211213 0 55300 MICHELE CYGAN INTERIM ASST VP HR & EMPLOYEE EXP 40.00 0.00 X 153233 0 47754 ANDREW LAW CEO, ARCADIA ABROAD 40.00 0.00 X 206114 0 37158 LISA DONATELLI COO, GLOBAL PROGRAMS & ENGAGEMENT 40.00 0.00 X 184022 0 32669 THOMAS MACCHI ASSOC VP FACILITIES MGMT 40.00 0.00 X 174154 0 34263 JOHN P FALLON CH ENROLLMENT STRAT & BUS DEVELOP 40.00 0.00 X 171836 0 25850 JULIE A LENGELE CONTROLLER/BUSINESS MANAGER 40.00 0.00 X 189998 0 31756 3378789 0 750087 81 0 1 0 DELRAN BUILDERS COMPANY 7909 FLOURTOWN AVE WYNDMOOR PA 19038 CONSTRUCTION 6375897 METZ CULINARY MANAGEMENT 2 WOODLANDS DRIVE DALLAS PA 18612 DINING SERVICES 3592944 THE ARTHUR JACKSON COMPANY 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 FACILITIES MANAGEMENT 685120 RISEPOINT 2803 PHILADELPHIA PIKE CLAYMONT DE 19703 EDUCATION SERVICES 575544 CORE EDUCATION 201 N UNION STREET STE 110 ALEXANDRIA VA 22314 EDUCATION SERVICES 526295 642 12000 2942000 2606000 125000 5560000 TUITION & FEES 611310 116740000 116740000 INTERNATIONAL PROGRAMS 611310 46698000 46698000 ROOM & BOARD 611310 15578000 15578000 179016000 2374000 2374000 60000 51000 9000 9000 9000 15633000 15498000 135000 135000 135000 20000 12000 35000 -15000 -15000 COMM, FEES & INDIRECT GRANT REV & 611310 391000 391000 BAD DEBT RECOVERY 900099 74000 74000 HEALTH SERVICES PARTNER 611310 58000 58000 523000 187602000 179025000 0 3017000 52722000 52722000 1803000 1803000 2600000 1186000 1110000 304000 45454000 32659000 12171000 624000 1528000 1005000 495000 28000 6362000 4026000 2105000 231000 3673000 2586000 1016000 71000 387000 387000 463000 463000 126000 126000 14954000 9792000 4700000 462000 182000 104000 78000 277000 261000 15000 1000 2228000 463000 1761000 4000 4636000 3528000 1103000 5000 2776000 2028000 701000 47000 292000 209000 83000 2486000 2079000 407000 5964000 4759000 1205000 2069000 60000 2009000 INTERNATIONAL PROGRAMS 18547000 18547000 INTERNATIONAL PROGRAMS 11817000 11817000 SUPPLIES 6235000 5586000 631000 18000 OTHER EXPENSES 3290000 3006000 284000 582000 297000 284000 1000 191453000 158523000 31134000 1796000 10000 5000 33717000 29054000 1769000 753000 3894000 4508000 1464000 511000 46000 39000 2581000 3264000 274175000 144319000 127594000 129856000 60326000 56436000 7046000 7162000 4119000 12027000 242566000 243615000 11367000 8762000 15723000 15853000 69808000 65723000 5552000 13757000 102450000 104095000 X 91572000 86444000 48544000 53076000 140116000 139520000 242566000 243615000 X -3851000 3080000 175000 X 0 1 X 1 1 1 X 7169000 13674000 5690000 5338000 5560000 37431000 7169000 13674000 5690000 5338000 5560000 37431000 37431000 777000 453000 2420596 2467176 2434000 8551772 1334000 601000 787000 832000 523000 4077000 50059772 723559000 0.74770 0.74340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: COMMISSIONS - 2020 AMOUNT: $ 43,000. 2021 AMOUNT: $ 42,000. 2022 AMOUNT: $ 49,000. INDIRECT REVENUE FROM GRANTS PNC COMMISSIONS FEES AND MISCELLANEOUS - 2020 AMOUNT: $ 1,291,000. 2021 AMOUNT: $ 559,000. 2022 AMOUNT: $ 499,000. 2023 AMOUNT: $ 791,000. 2024 AMOUNT: $ 391,000. HEALTH SERVICES PARTNER - 2022 AMOUNT: $ 239,000. 2023 AMOUNT: $ 41,000. 2024 AMOUNT: $ 58,000. BAD DEBT RECOVERY - 2024 AMOUNT: $ 74,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 66099000 1845000 5041000 1184000 9959000 126000 61716000 67793000 1022000 6575000 1153000 7958000 180000 66099000 84484000 1515000 -4174000 1178000 12673000 181000 67793000 97190000 934000 -6837000 2790000 3764000 249000 84484000 79338000 820000 23098000 1357000 4481000 228000 97190000 0.23000 0.46000 0.31000 1 0 3686000 3686000 193544000 78657000 114887000 59623000 53290000 6333000 17322000 12372000 4950000 129856000 OPERATING LEASE OBLIGATION 10562000 ANNUITIES PAYABLE 170000 ACCRUED POST-RETIREMENT OBLIGATION 2275000 ASSET RETIREMENT OBLIGATION 571000 REFUNDABLE LOAN FUNDS 179000 13757000 X 136292000 3080000 -54476000 -51396000 187688000 -86000 -86000 187602000 136888000 86000 86000 136802000 54651000 54651000 191453000 PART III, LINE 1A: THE UNIVERSITY ART COLLECTION CONSISTS OF VARIOUS PIECES OF ART DISPLAYED THROUGHOUT THE CAMPUS. SOME PIECES ARE ARCHIVED FOR FUTURE EXHIBITION. PART III, LINE 4: THE UNIVERSITY ART COLLECTION CONSISTS OF VARIOUS PIECES OF ART DISPLAYED THROUGHOUT CAMPUS WHICH ARE USED TO ENHANCE STUDENT APPRECIATION OF FINE ART. SOME PIECES ARE STORED FOR FUTURE EXHIBITION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO PROVIDE A SOURCE OF OPERATING FUNDS AS WELL AS LONG TERM FINANCIAL STABILITY. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2025 AND 2024. THE UNIVERSITY'S FEDERAL TAX EXEMPT BUSINESS INCOME TAX RETURNS FOR 2024, 2023, AND 2022 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE -54,525,000. INVESTMENT EXPENSE -126,000. CHANGE IN BENEFIT OBLIGATION -605,000. GAIN ON FAIR VALUE OF FOREIGN EXCHANGE CONTRACTS 780,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -51,000. FUNDRAISING EXPENSE -35,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 51,000. FUNDRAISING EXPENSE 35,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE 54,525,000. INVESTMENT EXPENSE 126,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE INCLUDE A NOTICE OF OUR POLICIES ON ALL OF OUR PUBLICATIONS, ADVERTISEMENTS, AND INTERNET WEBSITE. SCHEDULE E, PART I, LINE 6 ARCADIA UNIVERSITY PARTICIPATES IN FEDERAL TITLE IV AID PROGRAMS, INCLUDING THE FEDERAL CAMPUS-BASED AID PROGRAMS. AS SUCH, WE RECEIVE, ON AN ANNUAL BASIS, ALLOCATIONS TO MAKE FEDERAL WORK STUDY AWARDS AND SEOG GRANTS TO STUDENTS. ADDITIONALLY, OUR EDUCATIONAL PROGRAMS ARE RECOGNIZED AS ELIGIBLE PROGRAMS BY THE STATE OF PENNSYLVANIA. AS SUCH, WE AWARD PHEAA STATE GRANTS TO OUR ELIGIBLE STUDENTS FROM PHEAA (PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY), AND ALSO RECEIVE FEDERAL WORK STUDY MATCHING FUNDS FROM PHEAA. ADDITIONALLY, ON AN ANNUAL BASIS, PHEAA PROVIDES A MATCHING GRANT KNOWN AS THE IAG GRANT FOR EACH ELIGIBLE STATE GRANT STUDENTS WE AWARD PHEAA FUNDS TO AS WELL. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 5 32 PROGRAM SERVICES STUDY ABROAD EDUCATION 28756000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 10 PROGRAM SERVICES STUDY ABROAD EDUCATION 8072000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES STUDY ABROAD EDUCATION 152000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD EDUCATION 72000 7 42 0 0 7 42 37052000 0 37052000 SCHOLARSHIP/GRANT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 89 1432000 CREDIT PLACED ON STUDENT ACCOUNT COST SCHOLARSHIP/GRANT EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 22 371000 CREDIT PLACED ON STUDENT ACCOUNT COST 1 0 1 0 0 0 PART I, LINE 2: ALL GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE CREDITED DIRECTLY TO THE STUDENT'S BILLING ACCOUNT AND NO FUNDS ACTUALLY LEAVE THE UNITED STATES. SCHEDULE F, PART IV: THE THRESHOLDS FOR REPORTING ON FORMS 926 AND 5471 WERE NOT MET DURING THE YEAR. ARCADIA GOLF OUTING 32000 12000 20000 32000 3000 32000 12000 20000 32000 3000 35000 -15000 1 STUDENT WORK PROGRAMS (INSTITUTIONAL) 295 675000 INSTITUTIONAL SCHOLARSHIPS & GRANTS 2219 51580000 COST CREDIT PLACED ON STUDENT ACCOUNT STUDENT WORK PROGRAMS (FEDERALLY SUBSIDIZED) 963 467000 PART I, LINE 2: ARCADIA UNIVERSITY AWARDS BOTH NEED-BASED AND MERIT-BASED AID TO STUDENTS IN GOOD ACADEMIC STANDING. THE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. ALL GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE CREDITED DIRECTLY TO THE STUDENTS' BILLING ACCOUNTS. X 1 1 X X X 1 0 0 0 0 0 0 0 0 AJAY NAIR PRESIDENT 485158 0 23500 0 12732 0 38363 0 65585 0 625338 0 0 0 JOAN SINGLETON CHIEF FINANCIAL OFFICER 314982 0 0 0 2239 0 20158 0 63642 0 401021 0 0 0 JEFFREY RUTENBECK PROVOST/SVP ACADEMIC AFFAIRS 291161 0 0 0 3168 0 18750 0 40949 0 354028 0 0 0 BRIGETTE BRYANT VP DEVELOPMENT/ALUMNI ENGAGE 247481 0 0 0 20693 0 16256 0 47426 0 331856 0 0 0 MARGARET CALLAHAN GENERAL COUNSEL/SECRETARY 252558 0 0 0 2693 0 16256 0 51575 0 323082 0 0 0 RASHMI RADHAKRISHNAN VP ENROLL MGMT, TECH & INNOV/CIO 253459 0 0 0 912 0 15560 0 31820 0 301751 0 0 0 DONOVAN MCCARGO VP CAMPUS LIFE & DEAN OF STUDENTS 210877 0 0 0 336 0 13750 0 41550 0 266513 0 0 0 ANDREW LAW CEO, ARCADIA ABROAD 203940 0 0 0 2174 0 2163 0 34995 0 243272 0 0 0 JULIE A LENGELE CONTROLLER/BUSINESS MANAGER 128476 0 0 0 61522 0 7958 0 23798 0 221754 0 0 0 LISA DONATELLI COO, GLOBAL PROGRAMS & ENGAGEMENT 183391 0 0 0 631 0 11538 0 21131 0 216691 0 0 0 THOMAS MACCHI ASSOC VP FACILITIES MGMT 171121 0 0 0 3033 0 10392 0 23871 0 208417 0 0 0 MICHELE CYGAN INTERIM ASST VP HR & EMPLOYEE EXP 151999 0 0 0 1234 0 9072 0 38682 0 200987 0 0 0 JOHN P FALLON CH ENROLLMENT STRAT & BUS DEVELOP 154821 0 0 0 17015 0 9586 0 16264 0 197686 0 0 0 DANIEL DIPRINZIO CHIEF COMMUNICATIONS OFFICER 133246 0 0 0 292 0 8698 0 28936 0 171172 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO LIVE IN A HOUSE OWNED BY THE UNIVERSITY. THIS HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT, FOR THE CONVENIENCE OF THE EMPLOYER, AND BEING ON THE UNIVERSITY CAMPUS. PART I, LINE 4A JULIE A. LENGELE & RAKIN A. HALL RECEIVED A SEVERANCE PAYMENT OF $60,790 & $55,922, RESPECTFULLY, DURING THE TAX YEAR. A MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603UZ0 2015-06-25 34806870 ADVANCE REFUNDING OF SERIES 2006 BONDS 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603VM8 2016-01-05 10589701 CURRENT REFUNDING OF SECOND SERIES 2006 BONDS 0 0 0 C MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603D89 2020-02-19 21832031 ADVANCE REFUNDING OF SERIES 2010 BONDS 0 0 0 D MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 163492AC5 2024-05-16 23210032 REFUNDING 2013 BONDS, CAPITAL PROJECTS 0 0 0 A 10440000 35077824 444720 34362149 2016 1 0 1 1 B 7195000 10612909 211021 10378630 2016 1 0 1 1 C 2705000 23832031 324278 21507753 2020 1 0 1 1 D 910000 23112193 14904891 667839 4513607 3334335 2024 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 2C 06/25/2015 - $34,806,870 MONTGOMERY COUNTY - THIS BOND ISSUE DID NOT OWE ANY REBATE UPON ITS FIRST COMPUTATION DATE. THE COMPUTATION WAS COMPLETED 7/15/2020. IT IS AFTER THE FIRST AND BEFORE THE SECOND COMPUTATION DATE AND THEREFORE NO REBATE IS DUE AT THIS TIME. 01/05/2016 - $10,589,701 MONTGOMERY COUNTY - THIS BOND ISSUE DID NOT OWE ANY REBATE UPON ITS FIRST COMPUTATION DATE. THE COMPUTATION WAS COMPLETED 1/26/2021. IT IS AFTER THE FIRST AND BEFORE THE SECOND COMPUTATION DATE AND THEREFORE NO REBATE IS DUE AT THIS TIME. EMPLOYEES EMPLOYEES 486988 EMPLOYEE TUITION ASSISTANCE EMPLOYEE BENEFIT X 10 125000 NYSE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B AN INTERNAL REVIEW OF THE COMPLETED 990 IS PERFORMED BEFORE IT IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND ACCEPTANCE. THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA OUR INTERNAL WEB PORTAL FOR REVIEW BEFORE FILING. BOARD MEMBERS MAY ACCESS THE FORM 990 IN A SPECIAL SECTION SET ASIDE FOR THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES AND EXECUTIVE SENIOR MANAGERS OF THE UNIVERSITY ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS. THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES (BOARD) ENSURES THAT THE STATEMENTS ARE COMPLETED ON AN ANNUAL BASIS. IF ANY CONFLICTS ARISE, SUCH AS FROM FAMILY OR BUSINESS RELATIONSHIPS, THE AUDIT COMMITTEE OF THE BOARD MAY EITHER MAKE A DETERMINATION, OR, IF THE AUDIT COMMITTEE BELIEVES IT IS APPROPRIATE, MAY REFER THE MATTER TO THE FULL BOARD FOR A VOTE TO DETERMINE IF A CONFLICT EXISTS. IF A DETERMINATION IS MADE THAT NO CONFLICT EXISTS, THE INTERESTED TRUSTEE MAY PARTICIPATE FULLY IN ANY DISCUSSIONS AND VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT THAT IS THE SUBJECT OF THE CONFLICT. IF A DETERMINATION IS MADE THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED TRUSTEE SHALL BE REQUIRED TO LEAVE ANY MEETING PRIOR TO DISCUSSION OF, OR VOTE ON, THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF BOARD OF TRUSTEES OVERSEES COMPENSATION OF THE PRESIDENT. ALL DISCUSSIONS ABOUT COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THE UNIVERSITY USES COMPARABILITY DATA FROM PEER INSTITUTIONS COLLECTED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA HR), AS WELL AS CONDUCTS A REVIEW OF INTERNAL EQUALITY AMONG EXECUTIVES, IN DETERMINING THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES. THIS DATA IS USED TO ENSURE ALL SALARIES ARE WITHIN "FAIR MARKET RANGE" FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFIT OBLIGATION -605,000. GAIN ON FAIR VALUE OF FOREIGN EXCHANGE CONTRACTS 780,000.