2026-06-09T14:46:30-05:00 2025-07-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2024-08-01 942340692 PALO ALTO UNIVERSITY INC PALO 8008186136 1791 ARASTRADERO ROAD PALO ALTO CA 94304 MARIA CAMMARATA CFO 8008186136 2026-06-08 1 1 MAGA E KISRIEV P01008919 4089988400 2024 2025-03-06 01:10:19Z FAROUK DEY 1791 ARASTRADERO ROAD PALO ALTO CA 94304 45545704 0 X WWW.PALOALTOU.EDU X 1975 CA ADVANCING HUMAN UNDERSTANDING THROUGH EDUCATION, RESEARCH, AND PRACTICE IN BEHAVIORAL SCIENCE 24 23 602 54 0 0 2019044 1797106 38203077 39930527 917122 647805 0 -19362 41139243 42356076 1373283 1148732 0 0 26665750 27554653 0 0 298155 12886151 13872215 40925184 42575600 214059 -219524 46315827 47117512 21920444 22645894 24395383 24471618 X SEE SCHEDULE O 0 0 4275162 209403 7768166 PSYD IN CLINICAL PSYCHOLOGY: THE UNIVERSITY OFFERS A RESIDENTIAL DOCTORAL PROGRAM IN CLINICAL PSYCHOLOGY, LEADING TO A DOCTOR OF PSYCHOLOGY DEGREE (PSYD). THIS PROGRAM IS IMPLEMENTED IN COLLABORATION WITH THE STANFORD SCHOOL OF MEDICINE DEPARTMENT OF PSYCHIATRY AND BEHAVIORAL SCIENCES, AND WAS APPROVED BY WASC IN 2002. THE PROGRAM, THE PAU-STANFORD PSYD CONSORTIUM, WAS FIRST ACCREDITED BY APA IN 2006, RE-ACCREDITED IN 2019 BY APA FOR TEN YEARS. DURING THE 2024-25 ACADEMIC YEAR, THIS PROGRAM WELCOMED A NEW COHORT OF 30 STUDENTS, GRADUATED 26 STUDENTS, AND EXPERIENCED 4 WITHDRAWALS OF THE 160 STUDENTS IN THE PROGRAM (2.5% ATTRITION). ADDITIONAL OUTCOMES DATA IS REPORTED ANNUALLY TO WASC, THE DEPARTMENT OF EDUCATION, THE AMERICAN PSYCHOLOGICAL ASSOCIATION, AND OTHER INSTITUTIONS. THE UNIVERSITY MAINTAINS A DETAILED PUBLIC ACCOUNTING OF ATTRITION, TIME TO COMPLETION, INTERNSHIP MATCH RATES AND MORE AT HTTPS://PALOALTOU.EDU/ACADEMIC-PROGRAMS/PAU-STANFORD-PSYD-CONSORTIUM/OUTCOMES-AND-DATA. 1903308 78981 12576548 PAU'S MASTER'S PROGRAMS:MA IN CLINICAL MENTAL HEALTH COUNSELING: THIS PROGRAM OFFERS A MASTER IN CLINICAL MENTAL HEALTH COUNSELING. THIS PROGRAM HAS BEEN WSCUC ACCREDITED SINCE 2011. THE PROGRAM HAS TWO EMPHASES: CLINICAL MENTAL HEALTH AND MARRIAGE, FAMILY, AND CHILD. THIS PROGRAM HAS BEEN CACREP ACCREDITED SINCE JANUARY 2017, AND PREPARES STUDENTS TO PURSUE LICENSURE IN COUNSELING. DURING THE 2024-25 ACADEMIC YEAR, THIS PROGRAM WELCOMED A NEW COHORT OF 168 STUDENTS, GRADUATED 141 STUDENTS, AND EXPERIENCED 9 WITHDRAWALS OF THE 383 STUDENTS IN THE PROGRAM (2.3% ATTRITION).MS IN PSYCHOLOGY: THE MS IN PSYCHOLOGY IS AN ONLINE PROGRAM WITH FOUR CONCENTRATIONS IN FORENSIC PSYCHOLOGY, TECHNOLOGY AND MENTAL HEALTH, PHD CLINICAL PSYCHOLOGY PREP, AND GENERAL. PAU WAS GRANTED WSCUC ACCREDITATION FOR A DISTANCE EDUCATION M.S. IN PSYCHOLOGY DEGREE PROGRAM IN 2000. DURING THE 2024-25 ACADEMIC YEAR, THIS PROGRAM WELCOMED A NEW COHORT OF 44 STUDENTS, GRADUATED 24 STUDENTS, AND EXPERIENCED 9 WITHDRAWALS OF THE 76 STUDENTS IN THE PROGRAM (11.8% ATTRITION). 2493935 662019 17207162 PHD IN CLINICAL PSYCHOLOGY: THE UNIVERSITY HAS OFFERED A RESIDENTIAL DOCTORAL PROGRAM IN CLINICAL PSYCHOLOGY, LEADING TO A DOCTOR OF PSYCHOLOGY (PHD) SINCE 1975. THE PHD PROGRAM WAS ACCREDITED BY THE AMERICAN PSYCHOLOGICAL ASSOCIATION (APA) IN 1988 AND WAS RE-ACCREDITED IN 2025 BY APA FOR TEN YEARS. DURING THE 2024-25 ACADEMIC YEAR, THIS PROGRAM WELCOMED A NEW COHORT OF 56 STUDENTS, GRADUATED 49 STUDENTS, AND EXPERIENCED 5 WITHDRAWALS OF THE 429 STUDENTS IN THE PROGRAM (1.2% ATTRITION). ADDITIONAL OUTCOMES DATA IS REPORTED ANNUALLY TO WASC, THE DEPARTMENT OF EDUCATION, THE AMERICAN PSYCHOLOGICAL ASSOCIATION, AND OTHER INSTITUTIONS. THE UNIVERSITY MAINTAINS A DETAILED PUBLIC ACCOUNTING OF ATTRITION, TIME TO COMPLETION, INTERNSHIP MATCH RATES AND MORE AT HTTPS://PALOALTOU.EDU/ACADEMIC-PROGRAMS/PHD-CLINICAL-PSYCHOLOGY/OUTCOMES-AND-DATA. 23308758 198329 2378651 PAU'S UNDERGRADUATE PROGRAMS:B.S. IN PSYCHOLOGY: PAU WAS GRANTED WSCUC APPROVAL FOR A BACHELOR OF SCIENCE IN PSYCHOLOGY ONSITE DEGREE PROGRAM IN 2006, FOLLOWED BY APPROVAL TO OFFER A DISTANCE EDUCATION VERSION STARTING IN 2011.B.S. IN BUSINESS PSYCHOLOGY: PAU WAS GRANTED WSCUC APPROVAL FOR A BACHELOR OF SCIENCE IN BUSINESS PSYCHOLOGY ONSITE DEGREE PROGRAM IN 2009, FOLLOWED BY APPROVAL TO OFFER A DISTANCE EDUCATION VERSION STARTING IN 2011.DURING THE 2024-25 ACADEMIC YEAR, THE UNDERGRADUATE PROGRAM WELCOMED A NEW COHORT OF 16 STUDENTS, GRADUATED 5 STUDENTS, AND EXPERIENCED 7 WITHDRAWALS OF THE 21 STUDENTS IN THE PROGRAM (33.3% ATTRITION).NEW DOCTORAL PROGRAM:PHD IN COUNSELOR EDUCATION & SUPERVISION: THIS PROGRAM ENROLLED ITS FIRST COHORT IN FALL 2024. THE PROGRAM AIMS TO PREPARE DOCTORAL STUDENTS TO BECOME CULTURALLY-AFFIRMING COUNSELOR EDUCATORS AND SUPERVISORS. THE PROGRAM WILL CONDUCT A SELF-STUDY AND SUBMIT THEIR FINDINGS TO CACREP FOR INITIAL ACCREDITATION BY SUMMER 2026. DURING THE 2024-25 ACADEMIC YEAR, THIS PROGRAM WELCOMED A NEW COHORT OF 8 STUDENTS, GRADUATED 0 STUDENTS, AND EXPERIENCED 1 WITHDRAWAL OF THE 8 STUDENTS IN THE PROGRAM (12.5% ATTRITION)THE CLINICS@PAU: THIS CLINICS@PAU IS THE COLLECTIVE OF ALL PAU-OPERATED TRAINING CLINICS. THEY PROVIDE ACCESSIBLE, EVIDENCE-BASED PSYCHOLOGICAL SERVICES TO THE COMMUNITY WHILE SERVING AS CLINICAL TRAINING SITES FOR DOCTORAL STUDENTS UNDER THE SUPERVISION OF LICENSED PSYCHOLOGISTS. THE COMMUNITY CLINIC, FOUNDED IN 1988, OFFERS SLIDING-SCALE COUNSELING AND PSYCHOTHERAPY TO ADULTS, CHILDREN, ADOLESCENTS, COUPLES, FAMILIES, AND OLDER ADULTS. THE SEXUAL AND GENDER IDENTITIES CLINIC (SGIC) PROVIDES AFFIRMING MENTAL HEALTH SERVICES FOR INDIVIDUALS WHO IDENTIFY AS LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER, OR QUESTIONING. CLINICA LATINA, PART OF PAU'S COMMITMENT AS A HISPANIC SERVING INSTITUTION, DELIVERS BILINGUAL (ENGLISH/SPANISH) PSYCHOTHERAPY TO THE BAY AREA LATINX COMMUNITY. IN ADDITION, ECLINIC@PAU PROVIDES TELEHEALTH AND DIGITAL THERAPY SERVICES TO STUDENTS, ADULTS, AND OLDER ADULTS ACROSS CALIFORNIA WHILE SERVING AS A TRAINING SITE FOR ADVANCED GRADUATE STUDENTS FAMILIES THROUGH SUPERVISED DOCTORAL TRAINEES.CONTINUING & PROFESSIONAL STUDIES (CAPS): CAPS AT PAU PROVIDES ADVANCED CONTINUING EDUCATION FOR MENTAL HEALTH PROFESSIONALS. THEY PROVIDE TRAINING THROUGH LIVE EVENTS, ON-DEMAND, SELF-PACED TRAINING PROGRAMS INCLUDING BUNDLED PROGRAMS, AND CERTIFICATE PATHWAYS, WITH CONTENT CURATED BY SUBJECT MATTER EXPERTS. ITS FLEXIBLE, LEARNER-CENTERED PROGRAMS ARE DESIGNED TO MEET THE NEEDS OF WORKING PROFESSIONALS AND SUPPORT SKILL DEVELOPMENT, SPECIALIZATION, AND PROFESSIONAL ADVANCEMENT.IN FY 2024-25:LIVE EVENTS HOSTED: 86TOTAL PARTICIPANTS: 4,868ON-DEMAND PROGRAMS DEVELOPED: 74TOTAL PROGRAM ENROLLMENTS: 7,410TOTAL UNIQUE STUDENTS*: 3,920*OUR CUSTOMERS INCLUDE CAPS PAID CUSTOMERS AND PAU STUDENTS.MASTER OF SOCIAL WORK:MASTER OF SOCIAL WORK IS A NEW PROGRAM THAT ENROLLED ITS FIRST COHORT IN FALL 2025. THIS PROGRAM IS DESIGNED TO LEAD DIRECTLY TO LICENSURE AS A LICENSED CLINICAL SOCIAL WORKER. IT HAS TWO TRACKS: CHILDREN AND YOUTH IN SCHOOL AND COMMUNITY SETTINGS; AND ADULTS IN PUBLIC BEHAVIORAL HEALTH SETTINGS. IT HAS BEEN APPROVED BY WSCUC IN 2025 AND IS IN THE ACCREDITATION PROCESS FOR CSWE. 23308758 198329 2378651 31981163 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1414 0 1 602 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MAYA RAMAKRISHNAN 8008186136 1791 ARASTRADERO ROAD PALO ALTO CA 94304 MAUREEN O'CONNOR PRES.(THRU 6/25)/PRES. EM.(EFF 7/25) 40.00 X X 485191 0 144616 FAROUK DEY PRESIDENT (EFF 7/1/25) 40.00 X X 0 0 0 CAROL BOBBY TRUSTEE 3.00 X 0 0 0 NICHOLAS COCHRAN CHAIR OF THE AUDIT COMMITTEE 3.00 X 0 0 0 MARTIN DODD TRUSTEE 3.00 X 0 0 0 JEFF GEE TRUSTEE 3.00 X 0 0 0 JAMES IOANNIDIS TRUSTEE 3.00 X 0 0 0 MICHAEL KERNER TRUSTEE (THRU 12/31/24) 3.00 X 0 0 0 DANIEL KOSTENBAUDER TRUSTEE 3.00 X 0 0 0 MATT LEVINE TRUSTEE 3.00 X 0 0 0 DANIELE LEVY TRUSTEE 3.00 X 0 0 0 MARILYN MANNING LONERGAN TRUSTEE (THRU 12/31/24) 3.00 X 0 0 0 RICHARD LONERGAN TRUSTEE (THRU 12/31/24) 3.00 X 0 0 0 DEREK MINNO TRUSTEE 3.00 X 0 0 0 JAMES OTIENO TRUSTEE 3.00 X 0 0 0 SARA EISNER RICHTER TRUSTEE 3.00 X 0 0 0 KAREN SCUSSEL TRUSTEE 3.00 X 0 0 0 JORGE WONG TRUSTEE 3.00 X 0 0 0 TOM YEH TRUSTEE 3.00 X 0 0 0 CYNTHIA JAMES TRUSTEE (THRU 10/01/24) 3.00 X 0 0 0 JIM BEALL TRUSTEE 3.00 X 0 0 0 MARY ANN DEWAN TRUSTEE 3.00 X 0 0 0 KY LE TRUSTEE 3.00 X 0 0 0 SHARI MILES-COHEN TRUSTEE 3.00 X 0 0 0 JESSICA DIVENTO DZUBAN TRUSTEE 3.00 X 0 0 0 TOMER WEINGARTEN TRUSTEE 3.00 X 0 0 0 HELEN WILMOT TRUSTEE 3.00 X 0 0 0 LOUIS CHICOINE TRUSTEE 3.00 X 0 0 0 MARY YANG TRUSTEE 3.00 X 0 0 0 MELANIE TAYLOR MORRISON SECR., DIR OF BOARD & PRES OPS 40.00 X 186889 0 23403 JEANINE HAWK CFO, VP OF FINANCE AND OPERATIONS 40.00 X 297999 0 37423 ERIKA CAMERON PROVOST, VP ACAD STDNT AFFAIRS 40.00 X 307010 0 34215 PATRICIA ZAPF VP OF CONTINUING & PROF STUDIES 40.00 X 394133 0 84610 FEI YING CHIEF INFORMATION OFFICER 40.00 X 215489 0 11680 KIMBERLY BALSAM PROFESSOR 40.00 X 221247 0 26526 ROWENA GOMEZ PROFESSOR 40.00 X 234165 0 16237 GENEVIEVE LYNN YVONNE ARNAUT DIR., OFFICE OF PROF. ADVISING & DEVELP 40.00 X 227765 0 27837 JOYCE PC MOORE PROFESSOR 40.00 X 249559 0 19952 2819447 0 426499 101 0 1 0 STANFORD UNIVERSITY 401 QUARRY ROAD STANFORD CA 94035 CONSORTIUM AGREEMENT 3403257 JENZABAR PO BOX 845588 BOSTON MA 022845888 ERP SERVICES 276734 SCELC 5161 LANKERSHIM BLVD NORTH HOLLYWOOD CA 91601 LIBRARY CONSORTIUM 202441 CARNEGIE DEARTLET LLC 210 LITTLETON ROAD SUITE 100 WESTFORD MA 01886 HIGHER EDUCATION MARKETING 195825 PROTECT INTERNATIONAL RISK & SAFETY SERV 736 GRANVILLE ST 210 VANCOUVER CA BC V6Z1E4 FACULTY SERV, ROYALTY AGRMT 168791 12 21624 1150709 624773 1797106 TUITION 611600 33591234 33591234 COURSE FEES 611600 4463195 4463195 CLINIC INCOME 611710 1637582 1637582 OTHER PROGRAM INCOME 611710 238516 238516 39930527 629274 629274 3180621 3162090 18531 18531 18531 8176 21624 27538 -19362 -19362 42356076 39930527 0 628443 1148732 1148732 1995488 1521398 456719 17371 21883904 17152237 4547283 184384 875656 660103 207146 8407 1158238 699035 447149 12054 1641367 1283591 344133 13643 152743 7000 145743 128900 128900 2090257 700303 1360527 29427 441765 87445 354320 443518 69071 369226 5221 1906233 1302504 603729 220902 220902 1770385 1602485 164855 3045 510286 431180 79106 67048 61740 5308 859267 649698 205339 4230 322226 322226 CONSORTIUM PAYMENTS 3786170 3786170 MEALS & ENTERTAINMENT 173555 132610 40051 894 PROF DUES & LICENSE 158323 116868 36722 4733 AWARDS/ACKNOWLEDGMENTS 104228 28756 75123 349 736409 319335 402677 14397 42575600 31981163 10296282 298155 858989 1685105 11164663 10848807 1185125 603302 10047295 11771799 1094455 995579 20503135 10580092 10561666 9923043 4380887 4347595 219525 219525 573000 573000 6230222 6149757 46315827 47117512 2987193 2780288 11806264 13459697 7126987 6405909 21920444 22645894 X 21472568 21343082 2922815 3128536 24395383 24471618 46315827 47117512 -219524 295759 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5269381 282680 545591 73188 6024464 4573657 197581 583366 85223 5269381 4442873 84500 79799 33515 4573657 3936749 48500 457624 4442873 3252856 22650 778743 117500 3936749 0.65019 0.23747 0.11234 0 0 2950000 2950000 9279453 3047088 6232365 4341609 3984367 357242 3932073 3548637 383436 9923043 FEDERAL DIRECT LOAN FUNDS RECEIVABLE 772065 OPERATING LEASE RIGHT-OF-USE ASSETS 5377692 6149757 OPERATING LEASE LIABILITIES 6405909 6405909 X 41530641 295759 -1148732 -852973 42383614 -27538 -27538 42356076 41454406 27538 27538 41426868 1148732 1148732 42575600 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENTS CONSIST OF TWELVE INDIVIDUAL FUNDS, ALL ESTABLISHED TO GENERATE SUPPORT FOR THE UNIVERSITY'S GENERAL OPERATIONS, TUITION ASSISTANCE AND PROGRAMS. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION EXEMPT FROM INCOME TAXES ON RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. AS OF JULY 31, 2025 AND 2024, MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -1,148,732. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE -27,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE 27,538. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 1,148,732. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS INFORMATION IS INCLUDED IN THE STUDENT HANDBOOK, ON PAU WEBSITE AND IN ALL RECRUITMENT MATERIALS FOR PROSPECTIVE STUDENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AID UNDER TITLE IV OF THE STUDENT FINANCIAL ASSISTANCE PROGRAM. THE PROGRAMS THAT THE UNIVERSITY PARTICIPATES IN ARE THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM, THE FEDERAL WORK STUDY PROGRAM, THE FEDERAL PELL GRANT PROGRAM, AND THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. RETIREMENT PARTY 29800 21624 8176 5909 17735 3894 29800 21624 8176 5909 17735 3894 27538 -19362 1 SCHOLARSHIPS, GRANTS AND FINANCIAL AIDS 156 1148732 PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL AID ONLY TO QUALIFIED STUDENTS ENROLLED AT THE UNIVERSITY. THE OFFICE OF FINANCIAL AID IS RESPONSIBLE FOR DETERMINING AND MANAGING THE ALLOCATION OF FELLOWSHIPS AND SCHOLARSHIPS BASED ON BOTH MERIT AND NEED. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MAUREEN O'CONNOR PRES.(THRU 6/25)/PRES. EM.(EFF 7/25) 484771 0 0 0 420 0 50250 0 94366 0 629807 0 0 0 PATRICIA ZAPF VP OF CONTINUING & PROF STUDIES 287955 0 96034 0 10144 0 15694 0 68916 0 478743 0 0 0 ERIKA CAMERON PROVOST, VP ACAD STDNT AFFAIRS 306590 0 0 0 420 0 16035 0 18180 0 341225 0 0 0 JEANINE HAWK CFO, VP OF FINANCE AND OPERATIONS 297579 0 0 0 420 0 15057 0 22366 0 335422 0 0 0 JOYCE PC MOORE PROFESSOR 233405 0 0 0 16154 0 12025 0 7927 0 269511 0 0 0 GENEVIEVE LYNN YVONNE ARNAUT DIR., OFFICE OF PROF. ADVISING & DEV 164328 0 0 0 63437 0 8593 0 19244 0 255602 0 0 0 ROWENA GOMEZ PROFESSOR 168896 0 0 0 65269 0 8659 0 7578 0 250402 0 0 0 KIMBERLY BALSAM PROFESSOR 167860 0 0 0 53387 0 8728 0 17798 0 247773 0 0 0 FEI YING CHIEF INFORMATION OFFICER 214469 0 0 0 1020 0 10742 0 938 0 227169 0 0 0 MELANIE TAYLOR MORRISON SECR., DIR OF BOARD & PRES OPS 154338 0 0 0 32551 0 8198 0 15205 0 210292 0 0 0 PART I, LINE 1A THE UNIVERSITY PAID THE HOUSING RENT DIRECTLY FOR MAUREEN O'CONNOR, PRESIDENT, AND PATRICIA A. ZAPF, VP OF CONTINUING & PROFESSIONAL STUDIES, AS PART OF THEIR COMPENSATION AGREEMENTS. THESE PAYMENTS WERE TREATED AS NON-TAXABLE COMPENSATION. PART I, LINE 4B MAUREEN O'CONNOR, PRESIDENT, PARTICIPATED IN A 457(F) DEFERRED COMPENSATION ARRANGEMENT. IN 2024, THE UNIVERSITY CONTRIBUTED $33,000 TO THE 457 TRUST. FORM 990, PART III, LINE 1 ABOUT PALO ALTO UNIVERSITY: PALO ALTO UNIVERSITY IS A PRIVATE, NONPROFIT UNIVERSITY DEDICATED TO ADVANCING HUMAN UNDERSTANDING THROUGH INNOVATIVE EDUCATION, GROUNDBREAKING RESEARCH, AND IMPACTFUL PRACTICE IN BEHAVIORAL SCIENCE. FOUNDED IN 1975 AND LOCATED IN THE HEART OF SILICON VALLEY, PAU OFFERS GRADUATE AND UNDERGRADUATE PROGRAMS IN PSYCHOLOGY, COUNSELING, SOCIAL WORK, AND BEHAVIORAL SCIENCE, INCLUDING THE PAU-STANFORD PSYD CONSORTIUM WITH STANFORD MEDICINE. GROUNDED IN HUMAN DIGNITY, PAU'S SCHOLARS, CLINICIANS, EDUCATORS, AND LEARNERS SHARE A SINGLE CONVICTION: THAT UNDERSTANDING HOW PEOPLE THINK, FEEL, BEHAVE, RELATE, HEAL, AND MAKE MEANING IS AMONG THE MOST ESSENTIAL WORK OF OUR TIME. PALO ALTO UNIVERSITY OFFERS GRADUATE, UNDERGRADUATE, AND CONTINUING AND PROFESSIONAL EDUCATION PROGRAMS THROUGH ONLINE, HYBRID, AND RESIDENTIAL LEARNING MODALITIES. PAU PREPARES THE NEXT GENERATION OF BEHAVIORAL SCIENCE LEADERS TO UNDERSTAND THE FULL COMPLEXITY OF HUMAN EXPERIENCE AND TO MEET THE DEFINING CHALLENGES OF OUR TIME. OUR SCHOLARS CONDUCT RESEARCH THAT ADVANCES OUR UNDERSTANDING OF PEOPLE: HOW THEY THINK, FEEL, BEHAVE, RELATE, HEAL, AND MAKE MEANING. PAU EXTENDS THE REACH OF BEHAVIORAL SCIENCE THROUGH APPLIED PRACTICE, COMMUNITY PARTNERSHIPS, AND EDUCATION THAT MEET PEOPLE WHERE THEY ARE. VISION: A FUTURE SHAPED BY HUMAN UNDERSTANDING. GROUNDED IN HUMAN DIGNITY, WE ASPIRE TO SHAPE A FUTURE WHERE PEOPLE LIVE WITH GREATER CONNECTION AND PURPOSE; WHERE COMMUNITIES ARE HEALTHIER AND MORE RESILIENT; WHERE SYSTEMS ARE MORE EQUITABLE AND HUMANE; WHERE THE TOOLS WE CREATE SERVE HUMANITY RATHER THAN DIMINISH IT; AND WHERE THE DEFINING CHALLENGES OF OUR TIME ARE MET WITH THE DEPTH OF INSIGHT ONLY HUMAN UNDERSTANDING CAN PROVIDE. MISSION: PALO ALTO UNIVERSITY ADVANCES HUMAN UNDERSTANDING THROUGH INNOVATIVE EDUCATION, GROUNDBREAKING RESEARCH, AND IMPACTFUL PRACTICE IN BEHAVIORAL SCIENCE. FORM 990, PART VI, SECTION A, LINE 2 RICHARD LONERGAN, TRUSTEE, AND MARILYN MANNING LONERGAN, TRUSTEE, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WAS REVIEWED BY THE CONTROLLER. AFTER THE CONTROLLER REVIEWED, THE CFO REVIEWED. ANY CHANGES WERE GIVEN TO THE ACCOUNTING FIRM. FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE DURING A LIVE MEETING WITH PAID PREPARERS. THE COMPLETED FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE, AND SENT TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS/TRUSTEES ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE ORGANIZATION'S GOVERNING BODY DETERMINES WHETHER A CONFLICT EXISTS. OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES AND THE ORGANIZATION'S GOVERNING BODY MONITOR FOR CONFLICT. IF THERE IS A CONFLICT, RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS WITH DIRECTION FROM THE LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 PAU DETERMINES COMPENSATION FOR THE PRESIDENT, AND FOR OTHER COVERED SENIOR LEADERSHIP POSITIONS AS APPLICABLE, THROUGH A PROCESS THAT INCLUDES REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES, OR AN AUTHORIZED COMMITTEE COMPOSED OF INDEPENDENT PERSONS, REVIEW OF COMPARABILITY DATA FROM SIMILARLY SITUATED HIGHER EDUCATION INSTITUTIONS, AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND APPROVAL. PAU USES A PEER BENCHMARK LIST OF COMPARABLE COLLEGES AND UNIVERSITIES TO INFORM MARKET COMPARISONS, TAKING INTO ACCOUNT INSTITUTIONAL TYPE, SIZE, MISSION, AND GEOGRAPHY. FOR CERTAIN SENIOR LEADERSHIP POSITIONS, INCLUDING THE PRESIDENT AND PROVOST, PAU HAS ALSO USED MARKET INFORMATION DEVELOPED THROUGH OUR SEARCH CONSULTANTS AS PART OF THE SEARCH AND COMPENSATION REVIEW PROCESS. THE RESULTING COMPENSATION DECISIONS ARE DOCUMENTED IN THE APPROPRIATE INSTITUTIONAL RECORDS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE ON PALO ALTO UNIVERSITY WEBSITE AND AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).