2026-05-14T15:38:33-05:00 2025-06-30 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2024-07-01 430652649 LINDENWOOD EDUCATION SYSTEM LIND 6369494900 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 MIROSLAVA MEJIA KRUG CFO 6369494900 2026-05-14 1 0 KIMBERLY A RYAN P00829977 3142903300 2024 2025-03-06 01:10:19Z JOHN R PORTER 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 307226684 0 X HTTP://LESYSTEM.ORG X 1832 MO REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES. 15 15 3 336 0 0 4467143 2989565 140123297 196189237 18258875 27180820 2606484 3353947 165455799 229713569 40160098 41665076 0 0 72168890 94606067 0 0 1568855 71947468 92154513 184276456 228425656 -18820657 1287913 392886668 613837044 20979818 245556994 371906850 368280050 X REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES. SEE SCHEDULE O.VALUES:WE PUT OUR STUDENTS FIRST. WE HAVE AN UNWAVERING COMMITMENT TO PROVIDING THE HIGHEST QUALITY EDUCATION, SERVICE, AND EXPERIENCE BY CONNECTING WITH OUR STUDENTS AT EVERY INTERACTION IN THEIR EDUCATIONAL JOURNEY AND BEYOND.WE THRIVE TOGETHER. AS TEAM MEMBERS, WE FOSTER A COMMUNITY FOUNDED ON COLLABORATION, AUTHENTICITY, SUPPORT, AND UNDERSTANDING.WE DO WHAT IS RIGHT. WE WORK HARD AND HOLD OURSELVES ACCOUNTABLE FOR OUR DECISIONS, ACTIONS, AND WORDS.WE HAVE GRIT. WE RELENTLESSLY PURSUE INNOVATION, ADAPTABILITY, AND CONTINUOUS LEARNING, EVEN IN THE PRESENCE OF CHALLENGES. 1 0 129935962 38763919 136145565 SEE SCHEDULE OLINDENWOOD UNIVERSITY: INSTRUCTIONAL AND LIBRARY - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING AN UNDERGRADUATE, GRADUATE, EDUCATION SPECIALIST, AND DOCTORAL DEGREES SERVING APPROXIMATELY 6,078 FULL-TIME EQUIVALENT STUDENTS AS OF THE FISCAL YEAR ENDED 6/30/2025. APPROXIMATELY 10,325 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS, LINDENWOOD HAS A STUDENT ACTIVITIES OFFICE THAT SERVES AS A COORDINATING CENTER ON CAMPUS AND WORKS WITH OVER 90 STUDENT CLUBS AND ORGANIZATIONS TO FACILITATE THEIR ACTIVITIES AND PROJECTS. THE ATHLETIC DEPARTMENT HAS 22 NCAA DIVISION I SPORTS FOR MEN AND WOMEN AND 12 OTHER NATIONALLY AFFILIATED SPORTS. AUXILIARY - STUDENT ROOM AND BOARD AND AS OF FISCAL YEAR 6/30/2025, APPROXIMATELY 1,923 STUDENTS WERE SERVED. 3377000 16708 3345801 SEE SCHEDULE ODORSEY SCHOOL OF BEAUTY IS COMMITTED TO PROVIDING QUALITY CAREER EDUCATION AND POSITIVE REINFORCEMENT TO ENABLE THE DEVELOPMENT OF SELF-ESTEEM, SELF-RELIANCE, PROFESSIONALISM AND CONFIDENCE IN ALL STUDENTS COUPLED WITH AN OBLIGATION TO SUPPORT THE DIVERSE COMMUNITIES IN WHICH THEY LIVE AND WORK. THE COLLEGE REMAINS A COMMITTED CAREER TRAINING SCHOOL THAT PREPARES INDIVIDUALS FOR PROMISING CAREER OPPORTUNITIES IN THE BEAUTY FIELDS.PROGRAM SERVICE ACCOMPLISHMENTS: INSTRUCTIONAL - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING CERTIFICATE AND ASSOCIATE DEGREES SERVING APPROXIMATELY 190 STUDENTS AS OF THE FISCAL YEAR ENDED 6/30/2025. APPROXIMATELY 430 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS. 54536418 2884449 58772879 SEE SCHEDULE OLINDENWOOD EDUCATION SYSTEM, ANCORA DIVISION, PROVIDES CAREER TRAINING IN THE AREAS OF BUSINESS, TECHNICAL, SKILLED TRADES, INFORMATION TECHNOLOGY, ALLIED HEALTH PROFESSIONS, PRACTICAL NURSING, AND COMMERCIAL DIVER TRAINING. THE DIVISION ALSO PROVIDES CORPORATE TRAINING TO BUSINESSES WANTING TO ENHANCE THEIR EMPLOYEES' SKILL SETS. 187849380 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 1 10886 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 KY MI NH NY OR SC MD X MIROSLAVA MEJIA KRUG 6369494907 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 DONALD TUTTLE CHAIRMAN 1.00 1.00 X 0 0 0 JO ANNA POLLOCK VICE CHAIRMAN 1.00 1.00 X 0 0 0 JUSTIN FOUST COMMITTEE CHAIR 1.00 1.00 X 0 0 0 CHERYL MATEJKA COMMITTEE CHAIR 1.00 1.00 X 0 0 0 CHIP PETERSON COMMITTEE CHAIR 1.00 1.00 X 0 0 0 LAURA TAYLOR COMMITTEE CHAIR 1.00 1.00 X 0 0 0 LASHANDA BARNES BOARD MEMBER 1.00 1.00 X 0 0 0 CYNTHIA FRISINA BOARD MEMBER (THRU 8/24) 1.00 1.00 X 0 0 0 HAL GENTRY BOARD MEMBER 1.00 1.00 X 0 0 0 ADAM GLOSIER BOARD MEMBER (AS OF 10/24) 1.00 1.00 X 0 0 0 DAVID MASON BOARD MEMBER 1.00 1.00 X 0 0 0 SHANE MCDONALD BOARD MEMBER (AS OF 10/24) 1.00 1.00 X 0 0 0 ELIJAH MURRELL BOARD MEMBER (AS OF 10/24) 1.00 1.00 X 0 0 0 PATRICIA PENKOSKE BOARD MEMBER 1.00 1.00 X 0 0 0 JERRY E SCHEIDEGGER BOARD MEMBER 1.00 1.00 X 0 0 0 GARY SHAW BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN PORTER PRESIDENT, CHIEF EXECUTIVE OFFICER 40.00 5.00 X 838750 0 32993 MARK FALKOWSKI SENIOR VP, CHIEF LEGAL OFFICER 40.00 5.00 X 448645 0 28948 JOHN KAUFHOLD CHIEF FINANCIAL OFFICER 40.00 5.00 X 342311 0 16986 DEB AYRES SENIOR VICE PRESIDENT, HR 40.00 X 293551 0 13998 ROB WESTERVELT VICE PRESIDENT, ENROLLMENT 40.00 X 263827 0 26974 DIANE MOORE SENIOR VICE PRESIDENT, OPERATIONS 40.00 X 259512 0 18245 ORRIE COVERT VP, ADVANCEMENT AND COMMUNITY ENG. 40.00 X 239595 0 26370 DANIEL KIRK INTERIM PROVOST/VP, ACADEMIC AFFAIRS 40.00 X 233404 0 19712 JASON COOMER VP, INTERCOLLEGIATE ATHLETICS 40.00 X 230151 0 17503 TJ RAINS VICE PRESIDENT, IT & CIO (THRU 8/24) 40.00 X 225974 0 16145 JOE SALLUSTIO SR VP, STUDENT EXP. (THRU 5/24) 40.00 X 150390 0 13219 CHAD KERKSICK PROFESSOR, EXERCISE SCIENCE 40.00 X 198477 0 23059 CYNTHIA SCHROEDER DEAN, COLLEGE OF SCIENCE, TECH & HEALTH 40.00 X 198075 0 15740 JED STUGART HEAD COACH, FOOTBALL 40.00 X 189762 0 23364 KATHI VOSEVICH DEAN, COLLEGE OF ARTS & HUMANITIES 40.00 X 197125 0 15692 AMY EAGAN HEAD COACH, WOMEN'S BASKETBALL 40.00 X 194275 0 15550 4503824 0 324498 3 0 1 0 HUSCH BLACKWELL LLP 190 CARONDELET PLAZA SUITE 600 ST LOUIS MO 63105 LEGAL SERVICES 264342 RBC USA HOLDCO CORPORATION 200 VESEY STREET NEW YORK NY 10281 INVESTMENT BANKING SERVICES 180000 2 20000 258306 727842 1983417 454975 2989565 INSTRUCTION & AUXILIARY 611310 134070557 134070557 ANCORA 611310 58772879 58772879 DORSEY SCHOOL OF BEAUTY 611310 3345801 3345801 196189237 15781819 15781819 1344845 0 1344845 1344845 1344845 88687761 10000 77272912 25848 11414849 -15848 11399001 11399001 79972 258306 206982 -127010 -127010 68477 7373 61104 61104 2075008 2075008 2075008 229713569 198264245 0 28459759 37478265 37478265 4186811 4186811 3988999 745607 2589735 653657 75177897 65738472 8985186 454239 2000479 1552776 422043 25660 7599318 7472854 79104 47360 5839374 4504492 1262683 72199 1357454 1357454 385444 24600 360844 385408 385408 10532175 8538337 1884823 109015 9562144 2180069 7340254 41821 1549187 1260760 248762 39665 5756101 4397172 1358929 5029439 4660971 335137 33331 1162914 845555 300663 16696 69073 56391 12682 2049153 79841 1969312 13843751 12194066 1649685 2291593 374194 1917399 FOOD SERVICE 8015865 8015865 ATHLETICS 6490238 6490238 UTILITIES 4926042 3882168 1043874 REPAIRS AND MAINTENANCE 2602694 2118787 483907 16145838 11051089 5019537 75212 228425656 187849380 39007421 1568855 7498585 3147349 0 17619721 2586905 2998855 6438507 13415142 2000000 2000000 75741 27652 3542177 7172179 407358803 206677077 197805349 200681726 161125617 159815281 3458069 3643906 2557712 133594692 5798006 69720541 392886668 613837044 11412846 26171790 3816055 15643970 0 134158747 5750917 69582487 20979818 245556994 X 344352229 345277120 27554621 23002930 371906850 368280050 392886668 613837044 X 1287913 -4907846 -6867 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 747186 X X X 0 159164606 238954 20145346 17109653 366989 162072264 178807213 197091 18591772 38000000 431470 159164606 174548759 334449 14355475 10000000 431470 178807213 203849384 6644786 -28765765 6672182 507464 174548759 165343203 250616 44322026 5589538 476923 203849384 0.89800 0.10200 1 0 14216560 26492631 40709191 5292116 287942659 155820316 137414459 11951773 9193029 2758744 57165492 41663732 15501760 4297572 4297572 200681726 DUE FROM RELATED PARTIES 497502 RIGHT-TO-USE ASSETS 68475853 COLLECTIONS 747186 69720541 LEASE LIABILITY 68268212 DUE TO RELATED PARTY 1121495 FUNDS HELD IN CUSTODY FOR OTHERS 155865 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 18894 OTHER LONG-TERM LIABILITIES 18021 69582487 182955354 -4907846 -41671943 -46579789 229535143 385408 -206982 178426 229713569 186582154 206982 206982 186375172 385408 41665076 42050484 228425656 PART III, LINE 4: PURPOSE FOR LINDENWOOD UNIVERSITY'S COLLECTIONS THE UNIVERSITY'S HISTORICAL COLLECTIONS CONSISTS OF TWO CATEGORIES: ARTWORK AND HISTORIC PIECES. THE ARTWORK EXPOSES STUDENTS TO VARIOUS STYLES AND TECHNIQUES TAUGHT BY UNIVERSITY FACULTY. THE ART SPEAKS TO THE EDUCATIONAL TRADITIONS AND HELPS PROMOTE A SENSE OF COMMUNITY ON CAMPUS. THE HISTORIC PIECES ARE USED AS SUPPLEMENTAL TEACHING AIDS AND HELP GIVE THE STUDENTS A BETTER GRASP ON IMPORTANT ASPECTS OF WHAT IS BEING TAUGHT IN THE CLASSROOM. PART V, LINE 4: THE PERMANENT ENDOWMENT CONSISTS OF DONOR PRINCIPAL RESTRICTED GIFTS THAT THE ANNUAL INCOME MUST BE USED FOR GENERAL, SCHOLARSHIPS, AND BUILDING AND MAINTENANCE EXPENSES. THE QUASI ENDOWMENTS ARE FUNDS THAT THE UNIVERSITY HAS SET ASIDE TO PROTECT THE PRINCIPAL AND INCOME DISTRIBUTIONS OF THE PERMANENTLY RESTRICTED ENDOWMENT FUND. ANY REMAINING INCOME IS USED FOR FUNDING INSTITUTIONAL STUDENT AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST -6,867. SCHOLARSHIPS -41,665,076. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -206,982. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 206,982. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 41,665,076. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL ADVERTISEMENTS (I.E. CATALOGS) INCLUDE STATEMENTS RECOMMENDED FOR IRS EXEMPT ORGANIZATIONS. LINDENWOOD REGULARLY PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY STATEMENT IN BROADCAST MEDIA, INCLUDING PERMANENTLY ON ITS WEBSITE, AND IN OTHER MATERIALS TO HELP ENSURE IT IS KNOWN TO THE GENERAL COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 GOVERNMENTAL AID HAS BEEN RECEIVED THIS YEAR AS FOLLOWS: STUDENT FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION, FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAMS. 0 CENTRAL AMERICA 0 1 PROGRAM SERVICES RECRUITMENT 13000 UNITED KINGDOM 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 19578 ITALY 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 40523 SOUTH KOREA 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 8980 JAPAN 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 17655 SPAIN 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 10980 IRELAND 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 26610 CZECH REPUBLIC 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 34840 NEW ZEALAND 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 11580 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TUITION 4655 0 1 0 0 0 1 172166 16235 188401 SCHOLARSHIPS VARIOUS 320 4172567 ELECTRONIC DISBURSEMENT 0 INSURANCE COVERAGE VARIOUS 10 14244 ELECTRONIC DISBURSEMENT 0 0 0 0 0 0 0 PART I, LINE 3: LINDENWOOD HAS CONTRACTED WITH ONE INDIVIDUAL TO BE A PART-TIME INDEPENDENT CONTRACTOR TO HELP THE UNIVERSITY RECRUIT STUDENTS IN THE CENTRAL AMERICA REGION. TOTAL FEES AND ALLOTMENT FOR OFFICE EXPENSES FOR 2024-2025 FISCAL YEAR WERE: CONTRACTOR ONE: $13,000 BLACK AND GOLD GALA 214380 184155 30225 43812 41434 HOMECOMING & FALL GALA 70511 54161 16350 5745 37100 7983 5142 3 53387 19990 33397 10000 14416 41350 338278 258306 79972 5745 53812 51516 7983 87926 206982 -127010 68477 6699 674 0 68477 6699 674 7373 61104 MO 1 0 1 0 0 0 1 SCHOLARSHIPS 4655 37466255 INSURANCE COVERAGE 8 12010 PART III: ALL STUDENT AID AWARD LETTERS ARE PREPARED BY LINDENWOOD UNIVERSITY'S FINANCIAL AID OFFICE. EACH AWARD LETTER HAS A STATEMENT OF CONDITIONS AND IS SIGNED BY THE STUDENT. THE BUSINESS OFFICE POSTS ALL AID TO THE STUDENT'S ACCOUNT FOR ACADEMIC USAGE. BOTH THE BUSINESS OFFICE AND THE FINANCIAL AID OFFICE MONITOR THESE FUNDS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 JOHN PORTER PRESIDENT, CHIEF EXECUTIVE OFFICER 541500 0 297250 0 0 0 17250 0 15743 0 871743 0 0 0 MARK FALKOWSKI SENIOR VP, CHIEF LEGAL OFFICER 340645 0 108000 0 0 0 17415 0 11533 0 477593 0 0 0 JOHN KAUFHOLD CHIEF FINANCIAL OFFICER 334311 0 8000 0 0 0 15468 0 1518 0 359297 0 0 0 DEB AYRES SENIOR VICE PRESIDENT, HR 285551 0 8000 0 0 0 13998 0 0 0 307549 0 0 0 ROB WESTERVELT VICE PRESIDENT, ENROLLMENT 255827 0 8000 0 0 0 12581 0 14393 0 290801 0 0 0 DIANE MOORE SENIOR VICE PRESIDENT, OPERATIONS 252846 0 6666 0 0 0 12433 0 5812 0 277757 0 0 0 ORRIE COVERT VP, ADVANCEMENT AND COMMUNITY ENG. 232929 0 6666 0 0 0 11977 0 14393 0 265965 0 0 0 DANIEL KIRK INTERIM PROVOST/VP, ACADEMIC AFFAIRS 232404 0 1000 0 0 0 11454 0 8258 0 253116 0 0 0 JASON COOMER VP, INTERCOLLEGIATE ATHLETICS 223485 0 6666 0 0 0 10992 0 6511 0 247654 0 0 0 TJ RAINS VICE PRESIDENT, IT & CIO (THRU 8/24) 200974 0 25000 0 0 0 8274 0 7871 0 242119 0 0 0 CHAD KERKSICK PROFESSOR, EXERCISE SCIENCE 167477 0 31000 0 0 0 8666 0 14393 0 221536 0 0 0 CYNTHIA SCHROEDER DEAN, COLLEGE OF SCIENCE, TECH & HEA 197075 0 1000 0 0 0 9928 0 5812 0 213815 0 0 0 JED STUGART HEAD COACH, FOOTBALL 187262 0 2500 0 0 0 9871 0 13493 0 213126 0 0 0 KATHI VOSEVICH DEAN, COLLEGE OF ARTS & HUMANITIES 196125 0 1000 0 0 0 9880 0 5812 0 212817 0 0 0 AMY EAGAN HEAD COACH, WOMEN'S BASKETBALL 193275 0 1000 0 0 0 9738 0 5812 0 209825 0 0 0 JOE SALLUSTIO SR VP, STUDENT EXP. (THRU 5/24) 150390 0 0 0 0 0 7222 0 5997 0 163609 0 0 0 PART I, LINE 4A TJ RAINS $23,117 A PUBLIC FINANCE AUTHORITY 273866124 74443DLV1 2025-04-01 115992732 ACQUIRE, IMPROVE, RENOVATE, EQUIP AND FURNISH UNIVERSITY FACILITIES. 0 0 0 A 1200000 116094654 2174677 81591743 22227967 10100267 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, COLUMN A, LINE 3: TOTAL PROCEEDS OF THE ISSUE INCLUDES THE INTEREST EARNINGS EARNED ON BOND PROCEEDS DURING THE PROJECT PERIOD. PART II, COLUMN A, LINE 11: THIS AMOUNT WAS USED TO REDEEM THE SERIES 2023 BONDS ON THE ISSUE DATE. PART II, COLUMN A, LINE 12: THE PROJECT HAS NOT BEEN COMPLETED AS OF THE FISCAL YEAR END. PART II, COLUMN A: LINE 13: THE PROJECT HAS NOT BEEN COMPLETED AS OF THE FISCAL YEAR END. PART II, COLUMN A: LINE 16: THE PROJECT HAS NOT BEEN COMPLETED AS OF THE FISCAL YEAR END. JERRY E SCHEIDEGGER DIRECTOR PLEDGE RECEIVABLE X 2000000 2000000 0 1 1 2000000 X 1540 FMV X 2 26033 FMV X 9 1690 FMV X FREE MEALS 60 357835 FMV X EQUIPMENT AND SUPPLIES 3 66992 FMV X TRAVEL COSTS 2 885 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS CALCULATED AS NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 2 LINDENWOOD EDUCATION SYSTEM, ANCORA DIVISION, PROVIDES CAREER TRAINING IN THE AREAS OF BUSINESS, TECHNICAL, SKILLED TRADES, INFORMATION TECHNOLOGY, ALLIED HEALTH PROFESSIONS, PRACTICAL NURSING, AND COMMERCIAL DIVER TRAINING. THE DIVISION ALSO PROVIDES CORPORATE TRAINING TO BUSINESSES WANTING TO ENHANCE THEIR EMPLOYEES' SKILL SETS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION NEEDED TO COMPLETE THE FORM 990 IS COMPILED BY THE ACCOUNTING DEPARTMENT AND THE RETURN IS PREPARED AND SIGNED BY RUBINBROWN LLP. THE COMPLETED 990, INCLUDING REQUIRED SCHEDULES IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO A TRUSTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A TRUSTEE HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS FIXED BY A FIVE YEAR WRITTEN CONTRACT CONTAINING A FIXED RATE OF PAY OVER THE FIVE YEAR TERM. ANY CHANGES IN THE SALARY AMOUNT IS HANDLED VIA AN AMENDMENT TO THE CONTRACT, WHICH WOULD HAVE TO BE APPROVED BY THE BOARD OF TRUSTEES. THE AMOUNT OF COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES. THIS BOARD OF TRUSTEES CONSISTED OF BOARD MEMBERS WITH VARIOUS PROFESSIONAL, LEGAL, AND BUSINESS BACKGROUNDS. THE BOARD OF TRUSTEES DETERMINES THE SALARY PARAMETERS BASED ON AN EXTENSIVE REVIEW OF SALARIES AND COMPENSATION PAID PRESIDENTS OF OTHER SIMILARLY SIZED UNIVERSITIES, INCLUDING DATA FROM THE CARNEGIE CLASSIFICATIONS PUBLISHED IN THE CHRONICLE OF HIGHER EDUCATION. NEGOTIATIONS BETWEEN THE BOARD AND THE PRESIDENT LEAD TO A DRAFT CONTRACT THAT IS SUBMITTED TO THE LINDENWOOD UNIVERSITY BOARD OF TRUSTEES EXECUTIVE COMMITTEE FOR REVIEW, COMMENT, AND OVERSIGHT INSTRUCTION. CHANGES, MODIFICATIONS, AND RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE LEAD TO FURTHER NEGOTIATIONS WITH THE PRESIDENT IN ORDER TO IMPLEMENT THEIR RECOMMENDATIONS. THE FINAL CONTRACT DRAFT IS THEN SUBMITTED TO THE FULL LINDENWOOD UNIVERSITY BOARD OF TRUSTEES FOR APPROVAL. THE LINDENWOOD UNIVERSITY PRESIDENT REVIEWS BENCHMARK COMPENSATION DATA RELATIVE TO INTERNAL AND EXTERNAL PEERS. THOSE FINDINGS, COUPLED WITH AN EVALUATION OF OVERALL WORK PERFORMANCE ARE USED TO DETERMINE ANNUAL SALARIES OF KEY EMPLOYEES WITHIN THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME. THE UNIVERSITY WILL PROVIDE A COPY OF THE IRS FORM 990 UPON WRITTEN REQUEST TO THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -6,867. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR. FORM 990, SUPPLEMENTAL INFORMATION THIS IRS FORM 990 INCLUDES THE ACTIVITIES OF LINDENWOOD EDUCATION SYSTEM, A MISSOURI NONPROFIT CORPORATION (THE SYSTEM), AS WELL AS THE ACTIVITIES OF LINDENWOOD HOLDINGS LLC AND LINDENWOOD UNIVERSITY, LLC. THE SYSTEM IS THE SOLE MEMBER OF LINDENWOOD HOLDINGS LLC AND LINDENWOOD UNIVERSITY LLC. LINDENWOOD HOLDINGS LLC WAS FORMED TO HOLD THE ACTIVITIES AND ASSETS OF DORSEY SCHOOL OF BEAUTY. LINDENWOOD UNIVERSITY LLC WAS FORMED TO HOLD THE ASSETS AND ACTIVITIES OF LINDENWOOD UNIVERSITY. THE SYSTEM IS THE SOLE MEMBER OF DORSEY COLLEGE HOLDINGS, A MICHIGAN NONPROFIT CORPORATION. DORSEY COLLEGE HOLDINGS WAS FORMED TO HOLD THE ACTIVITIES AND ASSETS OF DORSEY COLLEGE. THE ACTIVITIES OF DORSEY COLLEGE HOLDINGS ARE NOT INCLUDED ON THIS IRS FORM 990 FOR THE SYSTEM, SINCE THE CORPORATION WAS ESTABLISHED AS A 501(C)(3), AND THUS REPORTS ITS ACTIVITIES ON A SEPARATE, STAND-ALONE, IRS FORM 990. THE SYSTEM ALSO IS THE SOLE MEMBER OF ANCORA EDUCATION HOLDINGS INC., A DELAWARE NONPROFIT CORPORATION. ANCORA EDUCATION HOLDINGS INC., WAS FORMED TO HOLD THE ACTIVITIES AND ASSETS OF ANCORA EDUCATION IN THE FUTURE. THE ACTIVITIES OF ANCORA EDUCATION HOLDINGS INC., ARE NOT INCLUDED ON THIS IRS FORM 990 FOR THE SYSTEM, SINCE THE CORPORATION WAS ESTABLISHED AS A 501(C)(3), AND THUS REPORTS ITS ACTIVITIES ON A SEPARATE, STAND-ALONE, IRS FORM 990. FORM 990, PART V, LINE 1A LINDENWOOD EDUCATION SYSTEM (EIN: 43-0652649) FILED 1 FORM 1099 AND 10,885 FORM 1098-TS. LINDENWOOD EDUCATION SYSTEM IS THE SOLE MEMBER OF LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC. LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC ARE THE OPERATIONAL ENTITIES FOR THE LINDENWOOD EDUCATION SYSTEM. LINDENWOOD UNIVERSITY LLC (EIN: 92-2596370) FILED 214 FORM 1099S. LINDENWOOD HOLDINGS LLC (EIN: 92-2834576) FILED 4 FORM 1099S AND 331 FORM 1098-TS. FORM 990, PART V, LINE 2A LINDENWOOD EDUCATION SYSTEM (EIN: 43-0652649) FILED 3 FORM W-2S FOR EMPLOYEES. LINDENWOOD EDUCATION SYSTEM IS THE SOLE MEMBER OF LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC. LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC ARE THE OPERATIONAL ENTITIES FOR THE LINDENWOOD EDUCATION SYSTEM. LINDENWOOD UNIVERSITY LLC (EIN: 92-2596370) FILED 1,710 FORM W-2S. LINDENWOOD HOLDINGS LLC (EIN: 92-2834576) FILED 34 FORM W-2S. FORM 990, PART I, LINE 6 LINDENWOOD EDUCATION SYSTEM IS THE SOLE MEMBER OF LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC. LINDENWOOD UNIVERSITY LLC AND LINDENWOOD HOLDINGS LLC ARE THE OPERATIONAL ENTITIES FOR THE LINDENWOOD EDUCATION SYSTEM. THEREFORE, VOLUNTEERS ASSIST AT THE OPERATIONAL LEVEL AND ARE NOT REPORTED ON THE LINDENWOOD EDUCATION SYSTEM FORM 990. LINDENWOOD HOLDINGS LLC 209 SOUTH KINGSHIGHWAY ST CHARLES MO 63301 922834576 EDUCATIONAL INSTITUTION DE 3366210 4954851 LINDENWOOD EDUCATION SYSTEM LINDENWOOD UNIVERSITY LLC 209 SOUTH KINGSHIGHWAY ST CHARLES MO 63301 922596370 EDUCATIONAL INSTITUTION MO 120477631 389153083 LINDENWOOD EDUCATION SYSTEM DORSEY COLLEGE HOLDINGS 209 SOUTH KINGSHIGHWAY ST CHARLES MO 63301 922890279 EDUCATIONAL INSTITUTIONS MI 501(C)(3) LINE 2 LINDENWOOD EDUCATION SYSTEM 1 ANCORA EDUCATION HOLDINGS INC 209 SOUTH KINGSHIGHWAY ST CHARLES MO 63301 332119502 EDUCATIONAL INSTITUTIONS DE 501(C)(3) LINE 12A, I LINDENWOOD EDUCATION SYSTEM 1 LINDENGAGE CORP 209 SOUTH KINGSHIGHWAY ST CHARLES MO 633011693 INFORMATION TECHNOLOGY SERVICES DE LINDENWOOD UNIVERSITY C 1.00000 0 CHARITABLE REMAINDER TRUSTS (3) CHARITABLE REMAINDER MO T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0