2025-04-01T12:26:29-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 941156646 NOTRE DAME DE NAMUR UNIVERSITY NOTR 6505083500 1500 RALSTON AVENUE BELMONT CA 94002 MICHAEL JOHN RENZI JD CFO & VP OF FINANCE AND ADMIN 6505083500 2025-03-25 1 1 MATTHEW PETROSKI P00853132 9257902600 2025-03-25 2023 2025-03-06 01:10:19Z LIZBETH MARTIN 1500 RALSTON AVENUE BELMONT CA 94002 17580117 0 X WWW.NDNU.EDU X 1851 CA THE OPERATION OF A CATHOLIC INSTITUTION OF GRADUATE EDUCATION. 16 15 169 15 0 0 1359273 1072871 3345758 3771857 -107700 1857253 4709586 4685503 9306917 11387484 1407517 1109438 0 0 7196700 9624197 0 0 643515 7660717 7959186 16264934 18692821 -6958017 -7305337 52366399 58110853 23206661 35229357 29159738 22881496 X FOUNDED UPON THE VALUES OF THE SISTERS OF NOTRE DAME DE NAMUR AND ROOTED IN THE CATHOLIC TRADITION, NOTRE DAME DE NAMUR UNIVERSITY SERVES ITS STUDENTS AND THE COMMUNITY BY PROVIDING EXCELLENT PROFESSIONAL AND LIBERAL ARTS PROGRAMS (CONTINUED ON SCH. O)IN WHICH COMMUNITY ENGAGEMENT AND THE VALUES OF SOCIAL JUSTICE AND GLOBAL PEACE ARE INTEGRAL TO THE LEARNING EXPERIENCE. NDNU IS A DIVERSE AND INCLUSIVE LEARNING COMMUNITY THAT CHALLENGES EACH MEMBER TO CONSCIOUSLY APPLY VALUES AND ETHICS IN HIS OR HER PERSONAL, PROFESSIONAL, AND PUBLIC LIFE. 0 0 13236226 1109438 3771857 NOTRE DAME DE NAMUR UNIVERSITY (NDNU) IS A CATHOLIC, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTIONAL SERVING OVER 300 STUDENTS FROM DIVERSE BACKGROUNDS. ESTABLISHED IN 1851 BY THE SISTERS OF NOTRE DAME DE NAMUR, NDNU IS THE THIRD OLDEST COLLEGE IN CALIFORNIA AND MAINTAINS A STRONG COMMITMENT TO ACADEMIC EXCELLENCE, SOCIAL JUSTICE AND COMMUNITY ENGAGEMENT. THE UNIVERSITY IS FULLY ACCREDITED AND OFFERS GRADUATE PROGRAMS IN BUSINESS, EDUCATION AND PSYCHOLOGY AS WELL AS TEACHING CREDENTIAL PROGRAMS. THE HISTORIC 5O-ACRE CAMPUS IS LOCATED ON THE SAN FRANCISCO PENINSULA IN SILICON VALLEY. 13236226 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 169 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X MICHAEL JOHN RENZI JD 6505083721 1500 RALSTON AVENUE BELMONT CA 94002 LIZBETH MARTIN PRESIDENT 43.34 X X 300000 0 22500 SR JEAN STONER CHAIR 3.00 X X 0 0 0 ANNE HANNIGAN VICE CHAIR (THRU 06/24) 5.00 X X 0 0 0 SR LOUISE O'REILLY SECRETARY 3.00 X X 0 0 0 STEPHANIE BIEHL TRUSTEE 5.00 X 0 0 0 PEDRO DAVID ESPINOZA TRUSTEE 1.50 X 0 0 0 SR MARY FARREN TRUSTEE 1.50 X 0 0 0 ROSANNE FOUST TRUSTEE 5.00 X 0 0 0 LISA GAUTHIER TRUSTEE 1.00 X 0 0 0 SR DONNA JURICK TRUSTEE 5.00 X 0 0 0 OUMOU LY TRUSTEE 5.00 X 0 0 0 MANNY NUNGARAY TRUSTEE 3.00 X 0 0 0 SR PATRICIA O'BRIEN TRUSTEE (THRU 06/24) 5.00 X 0 0 0 SR NANCY O'SHEA TRUSTEE 2.00 X 0 0 0 JAMES REVELL TRUSTEE 3.00 X 0 0 0 PHILLIP WALKER TRUSTEE 7.00 X 0 0 0 GREGORY WHITE PROVOST & SENIOR VP 43.34 X 253750 0 0 MICHAEL RENZI CFO & VP OF FINANCE AND ADMIN 43.34 X 220000 0 9066 KURT ALLEN VP - MARKETING & COMMUNICATION 43.34 X 224315 0 8305 ARIC AGRESTI VP - ADVANCEMENT 43.34 X 187625 0 9903 HELEN MARLO DEAN - SCHOOL OF PSYCHOLOGY 43.34 X 167417 0 905 JOHN VEITCH DEAN - SCHOOL OF BUSINESS & MGMT 43.34 X 150000 0 9289 KAREN WHITE DIRECTOR OF HR 43.34 X 131950 0 8305 RANDALL SESSLER DEAN - STUDENT ACADEMIC SUCCESS 43.34 X 129317 0 9207 PAUL O'REILLY ASST. CHIEF ENGINEER 43.34 X 135120 0 0 BOBBY VAUGHN SPECIAL ASSISTANT TO PRESIDENT 43.34 X 132100 0 0 2031594 0 77480 20 0 1 0 JENZABAR 101 HUNTINGTON AVE SUITE 2205 BOSTON MA 02199 UNIVERSITY SYSTEM SERVICE 285490 HOOD & STRONG LLP 275 BATTERY STREET SUITE 900 SAN FRANCISCO CA 94111 ACCOUNTING AND TAX SERVICES 275578 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 911102374 UNIVERSITY SECURITY SERVICE 242028 MID PENINSULA PLUMBING PO BOX 599 BELMONT CA 94002 PLUMBING SERVICE 233150 THE REGISTRY 3 CENTENNIAL DRIVE SUITE 320 PEABODY MA 01960 CONSULTING SERVICES 128310 6 688228 384643 5149 1072871 TUITION & FEES 611310 3722981 3722981 AUX. ENTERPRISES 900099 48876 48876 3771857 543721 543721 719257 40820 678437 678437 678437 7465345 6151813 1313532 1313532 1313532 LAND PURCHASE OPTION R 900099 4000000 4000000 OTHER INCOME 900099 7066 7066 4007066 11387484 3771857 0 6542756 X 1109438 1109438 1271261 364968 642048 264245 7218774 5798045 1166846 253883 46303 3700 42577 26 447808 24952 422856 640051 51143 588540 368 42393 34020 8373 148226 148226 42919 42919 2159508 1213048 884146 62314 889309 860378 16999 11932 317055 251137 58797 7121 189267 156940 32327 998086 933964 59088 5034 86049 78059 5996 1994 49878 40664 7142 2072 270000 269654 319 27 1765509 1552248 197261 16000 763335 501461 258951 2923 BAD DEBT 138601 138601 MEMBERSHIPS 51983 21594 23335 7054 GRADUATION 39513 39513 STUDENT PROGRAMMING 4410 4410 3145 423 2573 149 18692821 13236226 4813080 643515 7132036 10905758 122534 229944 196 196 115960 267831 79797 58939 488273 728805 23799741 5747706 19383921 18052035 24826814 24216274 216868 3651071 52366399 58110853 885109 970965 320552 257392 14000000 26000000 8001000 8001000 23206661 35229357 X 5351706 -1816403 23808032 24697899 29159738 22881496 52366399 58110853 -7305337 1027095 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92150 X X 0 22344705 124968 2613012 1674371 23408314 20664620 66007 2269555 655477 22344705 24097403 13950 -3102635 344098 20664620 23155202 5015365 4073164 24097403 24729231 332683 1101592 3008304 23155202 0.00000 0.49480 0.50520 0 0 69587 69587 14761983 14761983 2369002 2369002 3980754 3933808 46946 2618415 1813898 804517 18052035 DEVELOPED INTERNATIONAL BONDS 1997041 C GLOBAL HIGH YIELD TAXABLE 274416 C INVESTMENT GRADE TAXABLE 1379614 C 3651071 SECURITY DEPOSITS 8001000 8001000 X 11303042 1027095 40820 1067915 10235127 42919 1109438 1152357 11387484 17581284 40820 40820 17540464 42919 1109438 1152357 18692821 PART III, LINE 4: THE UNIVERSITY'S ARTWORK COLLECTION CONSISTS OF SEVERAL BEAUTIFUL PAINTINGS. THE ARTWORK IS DISPLAYED PROMINENTLY THROUGHOUT THE UNIVERSITY WHERE ALL STUDENTS MAY VIEW THE ART. THE OPPORTUNITY TO VIEW AND ENJOY THE ARTWORK ENHANCES THE EDUCATIONAL EXPERIENCE OF THE STUDENTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES ONLY DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING ANY FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY OPERATES AS A NONPROFIT CORPORATION ("CORPORATION") AND HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THE UNIVERSITY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS WHICH REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, WITH FEW EXCEPTIONS, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 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 POLICY IS ON THE MAJORITY OF ADMISSIONS LITERATURE AND IN THE STUDENT HANDBOOK THAT IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICLY ACCESSIBLE ON THE SCHOOL'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL AID FROM THE U.S. DEPARTMENT OF EDUCATION'S VARIOUS PROGRAMS. THE PROGRAMS INCLUDE STUDENT FINANCIAL AID CLUSTER, LOAN PROGRAMS, COVID-19 FUNDS, AND HISPANIC-SERVING INSTITUTIONS PROGRAM. 1 SCHOLARSHIPS AND GRANTS TO STUDENTS 462 1109438 FMV TUITION PART I, LINE 2: RECIPIENTS ARE CHOSEN BASED ON A VARIETY OF FACTORS, SUCH AS FINANCIAL NEED, ACADEMIC EXCELLENCE AND COURSE OF STUDY, AS STIPULATED BY THE AWARD/ENDOWMENT CRITERIA. X 0 1 X 0 0 0 0 0 0 0 0 0 LIZBETH MARTIN PRESIDENT 300000 0 0 0 0 0 0 0 22500 0 322500 0 0 0 GREGORY WHITE PROVOST & SENIOR VP 253750 0 0 0 0 0 0 0 0 0 253750 0 0 0 KURT ALLEN VP - MARKETING & COMMUNICATION 224315 0 0 0 0 0 0 0 8305 0 232620 0 0 0 MICHAEL RENZI CFO & VP OF FINANCE AND ADMIN 220000 0 0 0 0 0 0 0 9066 0 229066 0 0 0 ARIC AGRESTI VP - ADVANCEMENT 187625 0 0 0 0 0 0 0 9903 0 197528 0 0 0 HELEN MARLO DEAN - SCHOOL OF PSYCHOLOGY 167417 0 0 0 0 0 0 0 905 0 168322 0 0 0 JOHN VEITCH DEAN - SCHOOL OF BUSINESS & MGMT 150000 0 0 0 0 0 0 0 9289 0 159289 0 0 0 PART I, LINE 1A LIZBETH MARTIN, PRESIDENT, RECEIVED HOUSING ALLOWANCE PROVIDED AS A CONVENIENCE TO THE EMPLOYER/UNIVERSTIY IN THE AMOUNT OF $22,500 DURING THE CALENDAR YEAR 2023. THIS BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE THE MODERATOR AND LEADERSHIP TEAM OF THE SISTERS OF NOTRE DAME DE NAMUR EAST-WEST PROVINCE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS MAY PARTICIPATE IN THE BOARD'S SEARCH AND SELECTION PROCESS FOR THE PRESIDENT, AND MUST CONSENT TO THE DESCRIPTION OF QUALIFICATIONS AND QUALITIES REQUIRED FOR THAT POSITION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE SOLE POWER TO VOTE ON ANY SALE OR OTHER TRANSFER OR ENCUMBRANCE OF ANY PORTION OF THE REAL PROPERTY CONSTITUTING THE BELMONT CAMPUS AS SET FORTH IN THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION AS OF JUNE 30, 1998, ANY DISSOLUTION OF THE ORGANIZATION, PROVIDED THE MEMBERS SHALL FIRST SOLICIT THE OPINION OF THE BOARD OF TRUSTEES CONCERNING DISSOLUTION, AND THE ELECTION OF MEMBER-ELECTED TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND/OR CONTROLLER RECEIVED A COPY OF THE DRAFT FORM 990 FROM THE TAXPAYER'S ACCOUNTING FIRM. THE CFO INVITED THE PRESIDENT, BOARD CHAIR AND AUDIT COMMITTEE MEMBERS TO A VIRTUAL MEETING WITH THE ACCOUNTING FIRM TO REVIEW THE RETURN AND ADDRESS ANY QUESTIONS THE COMMITTEE MEMBERS MAY HAVE. AFTER THE REVIEW MEETING AND SATISFACTORY ANSWERS TO QUESTIONS, THE CFO FORWARDED THE DRAFT OF THE FORM 990 TO THE PRESIDENT'S OFFICE FOR DISSEMINATION OF THE DRAFT FORM 990 TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE NOTIFIED THAT THE FORM 990 HAS BEEN REVIEWED BY THE BOARD MEMBERS PRESENT AT THE FORM 990 REVIEW MEETING. THEY WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD ANY QUESTIONS TO THE CFO AND/OR CONTROLLER AND EITHER THE CFO, CONTROLLER OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGEMENT FORM MUST BE REVIEWED AND SIGNED BY ALL TRUSTEES AND EXECUTIVE OFFICERS. IT IS EXPECTED TO BE AN ANNUAL EVENT. ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND THE RESOLUTION OF SUCH CONFLICT IS REVIEWED AND DECIDED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. IT IS EXPECTED THAT TRUSTEES AND EXECUTIVE OFFICERS VOLUNTARILY DISCLOSE REAL OR POTENTIAL CONFLICTS OF INTEREST AND THAT IF SUCH CONFLICT EXISTS, THAT THE TRUSTEE/OFFICER RECUSE THEMSELVES FROM DELIBERATING/NOTING ON SUCH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO OR PRESIDENT OF NDNU CONSISTED OF THE BOARD OF DIRECTORS APPOINTING A SUBCOMMITTEE AND COLLECTING INFORMATION FOR COHORT AND ASPIRANT SCHOOLS. DOING A COMPARISON WITH THE PRESIDENT'S CURRENT COMPENSATION AND DETERMINING WHAT, IF ANY, ADJUSTMENT SHOULD BE MADE. THE DECISION WAS MADE WITH BOARD APPROVAL. THEIR DECISION WAS RELAYED TO HUMAN RESOURCES VIA EMAIL FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 THE CFO'S OFFICE, PRESIDENT'S OFFICE OR HUMAN RESOURCES WILL EMAIL OR MAIL THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS TO THE REQUESTER UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,213,048. MANAGEMENT AND GENERAL EXPENSES 884,146. FUNDRAISING EXPENSES 62,314. TOTAL EXPENSES 2,159,508.