2026-05-15T17:26:50-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 221912028 FELICIAN UNIVERSITY FELI 2015596000 262 SOUTH MAIN STREET LODI NJ 07644 THOMAS TRUCHAN VICE PRESIDENT OF FINANCE& CFO 2015596000 2026-05-15 1 1 LAURA J KENNEY P00202198 6177170831 2026-05-15 2024 2025-03-06 01:10:19Z MILDRED A MIHLON PHD 262 SOUTH MAIN STREET LODI NJ 07644 85683920 0 X WWW.FELICIAN.EDU X 1942 NJ EDUCATING A DIVERSE STUDENT POPULATION WITHIN A LIBERAL ARTS FRAMEWORK. 24 22 833 22 0 0 6246995 5866481 72746266 76071470 849262 2115154 464121 777168 80306644 84830273 31450451 33273502 0 0 30719915 32283791 0 0 1072514 25082656 26808700 87253022 92365993 -6946378 -7535720 92151909 84235197 37671061 36844722 54480848 47390475 X FELICIAN UNIVERSITY IS AN INDEPENDENT CO-EDUCATIONAL CATHOLIC/FRANCISCAN UNIVERSITY FOUNDED AND SPONSORED BY THE FELICIAN SISTERS TO EDUCATE A DIVERSE POPULATION OF STUDENTS WITHIN THE FRAMEWORK OF A LIBERAL ARTS TRADITION. (CONTINUED ON SCHEDULE O.) ITS MISSION IS TO PROVIDE A FULL COMPLEMENT OF LEARNING EXPERIENCES, REINFORCED WITH STRONG ACADEMIC AND STUDENT DEVELOPMENT PROGRAMS DESIGNED TO BRING STUDENTS TO THEIR HIGHEST POTENTIAL AND PREPARE THEM TO MEET THE CHALLENGES OF THE NEW CENTURY WITH INFORMED MINDS AND UNDERSTANDING HEARTS. THE ENDURING PURPOSE OF FELICIAN UNIVERSITY IS TO PROMOTE A LOVE FOR LEARNING, A DESIRE FOR GOD, SELF-KNOWLEDGE, SERVICE TO OTHERS, AND RESPECT FOR ALL CREATION. 0 0 85375500 33273502 76080499 FELICIAN UNIVERSITY CONTINUES TO ENROLL STUDENTS THROUGHOUT THE TRI-STATE REGION AND THE WORLD. FLAGSHIP PROGRAMS LIKE NURSING AND EDUCATION CONTINUE TO ATTRACT STUDENTS, WHILE NEW OFFERINGS IN EMERGING BUSINESS AREAS, THE 5-YEAR MBA PROGRAM, AND THE ADDITION OF NEW DOCTORAL PROGRAMS ARE ATTRACTING AN INCREASINGLY DIVERSE APPLICANT POOL. THE UNIVERSITY ENROLLED 2,840 STUDENTS IN THE 2024-25 ACADEMIC YEAR. NEW NURSING SIMULATION LABS, STUDY ABROAD PROGRAMS, AND A STATE-OF-THE-ART HEALTH AND WELLNESS FACILITY ON THE RUTHERFORD CAMPUS HAVE EXPANDED STUDENT LIFE ACTIVITIES, RESULTING IN A STRONG INCREASE IN CAMPUS COMMUNITY AND RETENTION. 85375500 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 3348 0 1 833 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THOMAS TRUCHAN 2015596094 262 SOUTH MAIN STREET LODI NJ 07644 DR MILDRED MIHLON PRESIDENT 45.00 0.00 X X 295024 0 39421 DONALD C JONES TRUSTEE, CHAIRMAN 1.00 0.00 X X 0 0 0 DEBORAH VISCONI TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 SR MARY JUANITA ARNISTER CSSF TRUSTEE 1.00 0.00 X 0 0 0 SR MARY BRIDGET BECKER CSSF TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH BOCCASSINI TRUSTEE 1.00 0.00 X 0 0 0 JOHN B BITAR TRUSTEE 1.00 0.00 X 0 0 0 CHARLENE BROWN TRUSTEE 1.00 0.00 X 0 0 0 MELISSA CEPEDA-LEBRON PHARMD TRUSTEE 1.00 0.00 X 0 0 0 J FLETCH CREAMER JR TRUSTEE 1.00 0.00 X 0 0 0 JAMES DAGOSTINO JR TRUSTEE 1.00 0.00 X 0 0 0 ULISES DIAZ TRUSTEE 1.00 0.00 X 0 0 0 MONIQUE EDWARDS UNTIL 1024 TRUSTEE 1.00 0.00 X 0 0 0 GAIL GORDON UNTIL 1224 TRUSTEE 1.00 0.00 X 0 0 0 TOM GREEN TRUSTEE 1.00 0.00 X 0 0 0 ALEX E KRASNOMOWITZ TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH LENKE TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN LOLACONO TRUSTEE 1.00 0.00 X 0 0 0 JOHN MAZUR TRUSTEE 1.00 0.00 X 0 0 0 LEO P MUGUIRE TURSTEE 1.00 0.00 X 0 0 0 MARILYN SCALO TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY SCARDINO JR TRUSTEE 1.00 0.00 X 0 0 0 MARK SPARTA TRUSTEE 1.00 0.00 X 0 0 0 SR MARY AQUINAS SZOTT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS BELLAVIA UNTIL 0824 TRUSTEE 1.00 0.00 X 0 0 0 THOMAS TRUCHAN VICE PRESIDENT OF FINANCE AND CFO 45.00 0.00 X 191578 0 24936 MICHAEL MARKOWITZ VICE PRESIDENT OF ACADEMIC AFFAIRS 45.00 0.00 X 186053 0 17806 PRISCILLA KLYMENKO VICE PRESIDENT OF ENROLLMENT MGT. 45.00 0.00 X 172919 0 42891 JANEL OWENS VICE PRESIDENT OF STUDENT AFFAIRS 45.00 0.00 X 158835 0 32702 CHRISTINE MIHAL DEAN 45.00 0.00 X 172738 0 23076 ANTHONY SCARDINO ASSOCIATE DEAN OF BUSINESS 45.00 0.00 X 166151 0 4655 MARILU MARCILLO DEAN OF THE SCHOOL OF BUSINESS 45.00 0.00 X 161957 0 25084 DEANNA VALENTE DEAN OF THE CENTER FOR IT 45.00 0.00 X 160153 0 11116 JAMES W CRAWFORD III PAST PRESIDENT 0.00 0.00 X 390385 0 0 2055793 0 221687 50 1 1 0 CHARTWELLS DINING SERVICES 2400 YORKMONT RD CHARLOTTE NC 28217 DINING SERVICES 2666858 C&W FACILITY SERVICES INC 140 KENDRICK ST BUILDING C WEST S NEEDHAM MA 02494 FACILITY SERVICES 1125158 ASCEND LEARNING HOLDINGS LLC 11161 OVERBROOK RD LEADWOOD KS 66211 EDUCATIONAL SERVICES 588816 CDW-G 300 N MILWAUKEE AVE VERNON HILLS IL 60081 INFORMATION TECHNOLOGY 454953 DONNELLY CONSTRUCTION 557 ROUTE 23 SOUTH WAYNE NJ 07470 CONSTRUCTION SERVICES 307941 39 73095 76000 4244008 1473378 5866481 TUITION AND FEES 611310 69273927 69273927 AUXILIARY ENTERPRISES 611710 6623952 6623952 STUDY ABROAD FEES 611710 103040 103040 ADMINISTRATIVE FEES 611710 68254 68254 ATHLETICS 611710 2297 2297 76071470 486295 486295 540294 174670 365624 365624 365624 1428225 798065 451075 146356 977150 651709 1628859 1628859 121211 73095 81546 39665 39665 INSURANCE RECOVERY 900099 362850 362850 CONCESSIONS 900099 7787 7787 COMMISSIONS 900099 1242 1242 371879 84830273 76080499 0 2883293 33273502 33273502 1028911 1028911 188886 188886 24910418 22814695 1714979 380744 682568 610722 54261 17585 3688006 3260414 334502 93090 1785002 1528497 212772 43733 56346 56346 137466 137466 10126 10126 102837 102837 2615113 2066768 456078 92267 495283 488313 6970 1256246 1140958 89118 26170 2066937 2050825 9251 6861 3810506 2958884 802299 49323 1354364 1321594 19801 12969 340649 292663 36134 11852 617262 528543 73618 15101 4894000 4190581 583688 119731 707938 606185 84433 17320 FOOD SERVICES 2969715 2861857 26611 81247 BAD DEBTS 1715158 1715158 MEMBERSHIPS & LICENSES 1080238 898699 126824 54715 RECRUITING 1018287 1010987 7300 1560229 1510423 49806 92365993 85375500 5917979 1072514 3460327 674248 1217632 526865 1977084 706745 4065167 3792556 12559 17330 577510 996558 125677905 65912390 63511115 59765515 16979837 17507523 350678 247857 92151909 84235197 8488291 9008824 2366654 2386968 699485 620904 26116631 24828026 37671061 36844722 X 41677449 33606091 12803399 13784384 54480848 47390475 92151909 84235197 -7535720 445347 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10126 10126 0 PART II-B, LINE 1: THE UNIVERSITY PAYS DUES TO THE INDEPENDENT COLLEGE FUND OF NEW JERSEY, A PORTION OF WHICH ARE USED FOR LOBBYING. 17030700 363460 1805955 146307 839618 18214190 15941729 3075 2040317 436403 518018 17030700 15212885 38145 1686550 646019 349832 15941729 17905017 37878 -2131211 283137 315662 15212885 14818148 1481 3718914 270428 363098 17905017 0.39334 0.41870 0.18796 0 0 1361945 1361945 92521880 43370445 49151435 24487471 20179785 4307686 7306609 2362160 4944449 59765515 NOTES PAYABLE TO RELATED PARTY 22431815 LEASE LIABILITY 2383711 SECURITY DEPOSITS 12500 24828026 X 52155497 445347 256216 701563 51453934 102837 33273502 33376339 84830273 59245870 256216 256216 58989654 102837 33273502 33376339 92365993 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FURTHER THE UNIVERSITY'S EXEMPT PURPOSE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE NEW JERSEY STATE INCOME TAX LAWS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 AND 2024. THE UNIVERSITY'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE UNIVERSITY RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS OPERATING EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WAS NO INTEREST AND PENALTIES PAID FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 81,546. DIRECT RENTAL EXPENSES 174,670. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER ASSISTANCE 33,273,502. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 81,546. DIRECT RENTAL EXPENSES 174,670. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND OTHER ASSISTANCE 33,273,502. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE AT HTTPS://FELICIAN.EDU/CAMPUS-LIFE/CAMPUS-SAFETY/ANTI-DISCRIMINA TION-POLICY/ SCHEDULE E, PART I, LINE 6 FELICIAN UNIVERSITY RECEIVES FEDERAL AND STATE AID TO ASSIST OUR STUDENTS. GOLF OUTING 52717 25810 26907 2515 30613 4812 PSR 110339 33722 76617 25746 600 716 3 31250 13563 17687 12357 800 3387 194306 73095 121211 2515 30613 38103 1400 8915 81546 39665 1 ADMISSION SCHOLARSHIP 1639 27404751 ATHLETIC SCHOLARSHIP 595 3107561 MERIT AWARDS 796 919125 RESTRICTED SCHOLARSHIPS 141 285807 TUITION DISCOUNTS 232 584003 SEOG 423 265155 ATHLETIC HOUSING SCHOLARSHIP 410 707100 PART I, LINE 2: THE UNIVERSITY HAS WRITTEN POLICIES REGARDING THE AWARDING OF SPECIFIC GRANTS AND SCHOLARSHIP FUNDS. SELECTION CRITERIA AND ELIGIBILITY IS DETERMINED BASED ON THE TYPE, PURPOSE, AND/OR RESTRICTION OF THE AWARD. ALL FINANCIAL ASSISTANCE IS AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. X 1 0 X X X X X 1 0 0 0 0 0 0 0 0 JAMES W CRAWFORD III PAST PRESIDENT 0 0 0 0 390385 0 0 0 0 0 390385 0 0 0 DR MILDRED MIHLON PRESIDENT 295024 0 0 0 0 0 12200 0 27221 0 334445 0 0 0 THOMAS TRUCHAN VICE PRESIDENT OF FINANCE AND CFO 191578 0 0 0 0 0 8000 0 16936 0 216514 0 0 0 PRISCILLA KLYMENKO VICE PRESIDENT OF ENROLLMENT MGT. 172919 0 0 0 0 0 7323 0 35568 0 215810 0 0 0 MICHAEL MARKOWITZ VICE PRESIDENT OF ACADEMIC AFFAIRS 186053 0 0 0 0 0 7600 0 10206 0 203859 0 0 0 CHRISTINE MIHAL DEAN 172738 0 0 0 0 0 6322 0 16754 0 195814 0 0 0 JANEL OWENS VICE PRESIDENT OF STUDENT AFFAIRS 117642 0 0 0 41193 0 5200 0 27502 0 191537 0 0 0 MARILU MARCILLO DEAN OF THE SCHOOL OF BUSINESS 161957 0 0 0 0 0 13205 0 11879 0 187041 0 0 0 DEANNA VALENTE DEAN OF THE CENTER FOR IT 160153 0 0 0 0 0 1300 0 9816 0 171269 0 0 0 ANTHONY SCARDINO ASSOCIATE DEAN OF BUSINESS 166151 0 0 0 0 0 3869 0 786 0 170806 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: JANEL OWENS, VICE PRESIDENT OF STUDENT AFFAIRS WAS PROVIDED HOUSING. THE FAIR RENTAL VALUE OF THE HOUSING IS $41,193 AND IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 4A UPON SEPARATION FROM SERVICE, JAMES W. CRAWFORD III RECEIVED $390,385 IN SEVERANCE PAY IN 2024. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2014-04-29 465517 CAPITAL IMPROVEMENTS 0 0 1 B NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-12-20 250000 CAPITAL IMPROVEMENTS 0 0 1 C NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2023-09-01 222264 HIGHER EDUCATION EQUIPMENT LEASING FUND FOR THE NURSING FACILITY 0 0 1 A 210229 465517 465517 2015 0 0 1 1 B 74841 250000 250000 2018 0 0 1 1 C 31807 222264 222264 2023 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2024 ANTHONY SCARDINO TRUSTEE'S SON 188886 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, THE CHAIRPERSON, A DESIGNEE OF THE SOLE MEMBER, AND OTHER MEMBERS OF THE BOARD APPROVED BY THE BOARD. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO EXERCISE ALL THE POWER OF THE BOARD, EXCEPT TO (A) SUBMIT TO THE SOLE MEMBER ANY ACTION THAT REQUIRES THE SOLE MEMBER'S APPROVAL; AND (B) AMEND OR REPEAL ANY RESOLUTION PREVIOUSLY ADOPTED BY THE BOARD. THE ACTION OF THE EXECUTIVE COMMITTEE MUST BE REPORTED AT THE FIRST REGULAR MEETING OF THE BOARD WHICH FOLLOWS THE ACTION OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY'S SOLE MEMBER IS FELICIAN SERVICES, INC., A 501(C)(3) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, FELICIAN SERVICES, INC., APPOINTS ALL MEMBERS OF THE BOARD OF TRUSTEES, FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER SHALL HAVE THE SOLE AUTHORITY TO INITIATE AND APPROVE ACTIONS AS FOLLOWS: (A) TO ADOPT, ALTER, AMEND, OR REPEAL THE CERTIFICATE OF INCORPORATION OR THE BYLAWS OF THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (B) TO ADOPT OR REVISE THE STATEMENTS OF PHILOSOPHY, MISSION, OR PURPOSE OF THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (C) TO MERGE, CONSOLIDATE, DISSOLVE, OR OTHERWISE CHANGE THE CORPORATE STRUCTURE OF THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (D) TO AUTHORIZE THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (E) TO AUTHORIZE THE CORPORATION TO INCUR ANY INDEBTEDNESS (OTHER THAN TRADE OBLIGATIONS INCURRED IN THE REGULAR COURSE OF BUSINESS), GUARANTEE ANY INDEBTEDNESS OF ANOTHER ENTITY, OR ALLOW ANY PROPERTY OF THE CORPORATION TO SECURE ANY INDEBTEDNESS AFTER CONSULTATION WITH THE BOARD; (F) TO APPROVE THE PURCHASE, TRANSFER, SALE, LONG-TERM LEASE, OR ENCUMBRANCE OF ANY REAL PROPERTY OWNED BY THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (G) TO APPROVE THE CREATION OF, OR THE PURCHASE OF AN EQUITY INTEREST IN, ANY LEGAL ENTITY, OR TO APPROVE ENTERING INTO ANY PARTNERSHIP OR JOINT VENTURE (REGARDLESS OF ITS LEGAL FORM), OTHER THAN PASSIVE INVESTMENTS BY THE CORPORATION; (H) TO APPROVE, UPON RECOMMENDATION OF THE BOARD, AN ANNUAL OPERATING BUDGET, AND ANY CAPITAL BUDGET, OF THE CORPORATION; (I) TO APPROVE ANY UNBUDGETED OPERATING OR CAPITAL EXPENDITURES IN EXCESS OF $100,000 AFTER CONSULTATION WITH THE BOARD; J) TO APPOINT, ELECT, OR REMOVE MEMBERS OF THE BOARD (EACH A"TRUSTEE"), WITH OR WITHOUT CAUSE, OR DETERMINE THE NUMBER OF TRUSTEES OF THE CORPORATION AFTER CONSULTATION WITH THE BOARD; (K) TO APPOINT AND REMOVE, WITH OR WITHOUT CAUSE, THE CHAIRPERSON OF THE BOARD (THE "CHAIRPERSON") AFTER CONSULTATION WITH THE BOARD; (1) TO APPOINT, ELECT, OR REMOVE, WITH OR WITHOUT CAUSE, THE OFFICERS OF THE CORPORATION; (M) TO APPROVE, UPON RECOMMENDATION OF THE BOARD, THE SELECTION OF THE INDEPENDENT AUDITORS OF THE CORPORATION; (N) TO ASSURE THAT ALL ACTIONS OF THE CORPORATION ARE CONSISTENT WITH THE PURPOSES OF THE CONGREGRATION OF THE SISTERS OF ST. FELIX OF CANTALICE; (O) TO CARRY OUT PERIODIC EVALUATIONS OF THE CORPORATION AND TO OTHERWISE MONITOR THE ACCOMPLISHMENT OF THE GOALS AND THE ADHERENCE TO THE PHILOSOPHY OF THE CORPORATION; (P) TO APPROVE, UPON RECOMMENDATION OF THE BOARD, THE LONG-TERM AND STRATEGIC PLANS OF THE CORPORATION; (Q) TO APPROVE ANY ACTS OF EXTRAORDINARY ADMINISTRATION UNDER THE CANON LAW OF THE ROMAN CATHOLIC CHURCH; AND (R) TO AUTHORIZE THE BOARD TO AWARD HONORARY DEGREES, AFTER CONSULTATION WITH THE BOARD, AND IN TESTIMONY THEREOF GIVE SUITABLE DIPLOMAS AND CERTIFICATES, UNDER THE SEAL AND THE SIGNATURE OF SUCH OFFICERS OF THE CORPORATION AND THE SOLE MEMBER AS THEY SHALL DEEM EXPEDIENT. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY PROVIDES A COMPLETED FORM 990 TO ALL TRUSTEES WITH A SUFFICIENT AMOUNT OF TIME TO REVIEW PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES AND OFFICERS OF THE UNIVERSITY AND MEMBERS OF COMMITTEES WITH BOARD DESIGNATED POWERS. AFTER DISCLOSING A POTENTIAL CONFLICT TO THE BOARD OR COMMITTEE, THE INTERESTED PERSON MUST LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. IF APPROPRIATE, THE CHAIR OF THE BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE UNIVERSITY'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE UNIVERSITY AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. EACH TRUSTEE ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: THE PRESIDENT'S COMPENSATION WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD PRIOR TO HER HIRING IN 2023. AN EXECUTIVE COMPENSATION CONSULTING FIRM PROVIDED COMPENSATION INFORMATION FOR THE POSITION OF PRESIDENT OF A GROUP OF COLLEGES AND UNIVERSITIES SIMILARLY SITUATED TO FELICIAN UNIVERSITY BASED ON THE SIZE OF THE INSTITUTION, NUMBER OF STUDENTS, POPULATION, ANNUAL REVENUES, FUNDING, AND GEOGRAPHIC LOCATION. THE COMPENSATION INFORMATION CAME FROM SOURCES INCLUDING THE FORMS 990 FILED BY THE PEER GROUP INSTITUTIONS, SALARY DATA ON WEBSITES, AND OTHER INFORMATION IN THE COMPENSATION CONSULTANT'S DATABASE. THE DELIBERATION AND DECISION WAS TIMELY DOCUMENTED IN THE MINUTES OF THE COMPENSATION COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15B: THE PRESIDENT DETERMINES THE COMPENSATION FOR ALL THE OFFICERS AND TOP MANAGEMENT, SUBJECT TO APPROVAL BY THE COMPENSATION COMMITTEE. COMPENSATION AT PEER INSTITUTIONS AND DATA PROVIDED BY A COMPENSATION CONSULTANT ARE USED TO DETERMINE COMPENSATION FOR EACH EMPLOYMENT POSITION. THE DELIBERATION AND DECISION WAS TIMELY DOCUMENTED IN THE MINUTES OF THE COMPENSATION COMMITTEE MEETING. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAINTAINS A PROCEDURE WHERE ANY PERSON REQUESTING INFORMATION ON THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS WILL BE REFERRED TO THE OFFICE OF THE PRESIDENT. OFFICE OF THE PRESIDENT WILL DOCUMENT THE REQUEST AND WITHIN A REASONABLE AMOUNT OF TIME, MAKE COPIES AVAILABLE TO THE REQUESTOR IF APPROPRIATE. FELICIAN SERVICES INC 3800 W PETERSON AVENUE CHICAGO IL 60659 363685438 SUPPORT SPONSORED MINISTRIES OF FELICIAN SISTERS' OUR LADY OF HOPE PROVINCE IL 501(C)(3) LINE 1 THE CONGREGATION OF THE SISTERS OF ST FELIX OF CANTALICE OUR LADY OF HOPE 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0