2025-03-24T08:45:17-05:00 2024-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-07-01 520705392 Stevenson University % MARY BETH SCHWENKE STEV 4104867000 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 ELLIOT L HIRSHMAN PRESIDENT 4433342050 2025-03-21 true true SANDRA L FEINSMITH P01064157 9192781936 2025-03-21 2023 2025-03-06 01:10:19Z ELLIOT L HIRSHMAN 1525 GREENSPRING VALLEY ROAD STEVENSON MD 21153 192117915 false X WWW.STEVENSON.EDU X 1947 MD THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS MASTER'S, BACHELOR'S, AND ASSOCIATE'S DEGREES TO APPROX. 3,000 FULL TIME EQUIV STUDENTS. 27 27 1635 125 -8597 0 24258331 20136032 130527118 138662790 2820651 10484480 386149 911433 157992249 170194735 64825213 70519093 0 0 45756935 47560150 4185 3819 1014988 45808308 49549733 156394641 167632795 1597608 2561940 343217002 348084367 162974927 167402080 180242075 180682287 X THE UNIVERSITY IS AN INNOVATIVE, COEDUCATIONAL, INDEPENDENT INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE STUDENTS A CAREER-FOCUSED EDUCATION MARKED BY INDIVIDUALIZED ATTENTION, CIVILITY, AND RESPECT FOR DIFFERENCE. THE UNIVERSITY BLENDS THE LIBERAL ARTS WITH CAREER EXPLORATION AND PLANNING, COMPLEMENTING A TRADITIONAL EDUCATION WITH APPLIED LEARNING BEYOND THE CLASSROOM. THE UNIVERSITY MEETS STUDENTS WHERE THEY ARE AND SUPPORTS AND CHALLENGES THEM TO BECOME REFLECTIVE AND ACCOMPLISHED INDIVIDUALS COMMITTED TO A LIFETIME OF LEARNING AND CONTRIBUTION. STUDENTS GRADUATE WITH THE COMPETENCE AND CONFIDENCE NEEDED TO ADDRESS CREATIVELY THE OPPORTUNITIES AND PROBLEMS FACING THEIR COMMUNITIES, THE NATION AND THE WORLD. false false 77765170 0 138662790 STEVENSON UNIVERSITY IS A FOUR YEAR UNIVERSITY PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,753 FULL TIME, 275 PART TIME AND 479 GRADUATE STUDENTS. 70519093 70519093 0 THE NUMBER OF STUDENTS RECEIVING GRANTS IS AS FOLLOWS: PELL 998, SEOG 117, WORK STUDY 161, FEDERAL DIRECT SUB 1,635, FEDERAL DIRECT UNSUB 1,129, PARENT LOANS 725, AND STEVENSON GRANTS AND SCHOLARSHIPS 3,273. 148284263 true true false true false false false true false true true false false false true true false true true false true false true false true false false false true true true false false false false false false false false false false true false false false true false false false false true 5049 0 true 1635 true true true false false false false true true false false false false false false X 27 27 false false false false false false false true true false false true true true true true false true true false MD X MARY BETH SCHWENKE 4433342050 1525 GREENSPRING VALLEY ROAD STEVENSON MD 21153 X ELLIOT L HIRSHMAN PRESIDENT 40.0 0.0 X 879451 0 123012 MELANIE EDMONDSON VP OF ADMIN & FINANCE, CFO 40.0 0.0 X 302479 0 21809 SUSAN GORMAN EVP OF ACADEMIC AFFAIR/PROVOS 40.0 0.0 X 266796 0 33183 MARK HERGAN VP ENROLLMENT MANAGEMENT 40.0 0.0 X 245906 0 34461 CHRISTOPHER VAUGHAN VP UNIVERSITY ADVANCEMENT 40.0 0.0 X 258949 0 17642 ANTIONETTE MARBRAY VP LEGAL AFFAIRS/STATE&FED REG 40.0 0.0 X 221489 0 17545 JOHN BUETTNER VP MARKETING & DIGITAL COMM 40.0 0.0 X 196991 0 14083 DAVID JORDAN VP HUMAN RESOURCES 40.0 0.0 X 182931 0 13404 MEREDITH DURMOWICZ SR AVP ACADEMIC AFFAIRS/RESEAR 40.0 0.0 X 163539 0 30673 John Bantillo CIO 40.0 0.0 X 163498 0 12942 Amanda Holstaka DEAN SODAC/VICE PROVOST OUTREA 40.0 0.0 X 159421 0 12053 Sharon Buchbinder Dean SOBL 40.0 0.0 X 148535 0 6551 PAUL MARK SANDLER ESQ SECRETARY 1.0 0.0 X X 0 0 0 ROBERT C BRENNAN TREASURER 1.0 0.0 X X 0 0 0 ARTHUR F BELL JR CPA TRUSTEE 1.0 0.0 X 0 0 0 SANDRA R BERMAN TRUSTEE 1.0 0.0 X 0 0 0 ROBERT D BIAGIOTTI PE TRUSTEE 1.0 0.0 X 0 0 0 BARBARA BOZZUTO TRUSTEE 1.0 0.0 X 0 0 0 Eric D Brotman CFP TRUSTEE 1.0 0.0 X 0 0 0 DAVID A BURROWS JR TRUSTEE 1.0 0.0 X 0 0 0 SAMUEL M DELL III TRUSTEE 1.0 0.0 X 0 0 0 SCOTT E DORSEY TRUSTEE 1.0 0.0 X 0 0 0 Vanessa Eluma TRUSTEE 1.0 0.0 X 0 0 0 KAREN P GIBBS TRUSTEE 1.0 0.0 X 0 0 0 NANCY C HUBBLE TRUSTEE 1.0 0.0 X 0 0 0 SEAN A ISAAC MD TRUSTEE 1.0 0.0 X 0 0 0 BRENDA BOWE JOHNSON PHD TRUSTEE 1.0 0.0 X 0 0 0 DONNA L KAHOE TRUSTEE 1.0 0.0 X 0 0 0 BLAIRE AULL MILLER TRUSTEE EX OFFICIO 1.0 0.0 X 0 0 0 MEREDITH A MOWEN TRUSTEE 1.0 0.0 X 0 0 0 CANDACE OSUNADE TRUSTEE 1.0 0.0 X 0 0 0 T SCOTT PUGATCH TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER WARD REYNOLDS CFA TRUSTEE 1.0 0.0 X 0 0 0 MARGARET SHEETZ TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN SHER TRUSTEE 1.0 0.0 X 0 0 0 ANNA L SMITH TRUSTEE 1.0 0.0 X 0 0 0 JAMES B STRADTNER CFA TRUSTEE 1.0 0.0 X 0 0 0 JUSTIN TOWLES TRUSTEE 1.0 0.0 X 0 0 0 Christopher Tsakalos TRUSTEE 1.0 0.0 X 0 0 0 JUDITH S WARANCH ESQ TRUSTEE 1.0 0.0 X 0 0 0 ORSIA FOUDOS YOUNG ESQ TRUSTEE 1.0 0.0 X 0 0 0 3189985 0 337358 58 false true false DAVID S BROWN ENTERPRISES 100 PAINTERS MILL ROAD OWINGS MILLS MD 21117 GENERAL CONTRACTOR 16735378 SODEXO INC AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 7357265 PROFESSIONAL MAINTENANCE MANAGEMENT 15938 DERWOOD ROAD ROCKVILLE MD 21117 CLEANING SERVICE 2407860 ALPHA LANDSCAPE CONTRACTING LLC 2823 FLINTSTONE ROAD MILLERS MD 21102 GROUND REPAIRS 2187285 LIGHTING MAINTENANCE INC 7462 RAILROAD AVENUE HARMANS MD 21077 LIGHTING CONTRACTOR 1288684 46 24800 15886444 4224788 88054 20136032 TUITION AND FEES 900099 112241951 112241951 STUDENT HOUSING 611710 16801472 16801472 FOOD SERVICE 611710 8324951 8324951 BOOKSTORE 451211 815655 815655 ATHLETICS 531120 241687 241687 237074 237074 138662790 2589530 -8597 2598127 0 0 1361909 452000 909909 0 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123338861 210087395 213046913 91256203 91332678 14996187 13322190 0 0 0 0 8340867 17241782 343217002 348084367 9127714 6314799 0 0 3231637 3199893 140186576 139215929 0 0 0 0 10429000 18330448 0 0 0 341011 162974927 167402080 X 137768443 141672314 42473632 39009973 180242075 180682287 343217002 348084367 2561940 -2121728 X false true X true true true X 15426193 23241194 30353977 24258331 20136032 113415727 0 0 15426193 23241194 30353977 24258331 20136032 113415727 770096 112645631 2709260 3516417 3865612 3416750 3951439 17459478 0 0 130875205 639116791 0.86071 0.86166 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 60000 60000 false LOBBYING EXPENDITURES SCHEDULE C, PART II-B, LINE 1I STEVENSON UNIVERSITY UTILIZES TIMOTHY M. PERRY OF PERRY, WHITE, ROSS & JACOBSON AS COUNSEL FOR THE UNIVERSITY REGARDING THE ACQUISITION AND FUTURE ACQUISITION OF STATE OWNED PROPERTY ON THE ROSEWOOD CAMPUS AND AS COUNSEL FOR THE POTENTIAL SALE OF PROPERTY TO THE COUNTY. THE UNIVERSITY PAID $60,000 FOR THESE SERVICES IN THE CURRENT YEAR. X false 106097046 148186 8206844 815397 8835600 422344 104378735 103541347 265154 10327546 991612 6601030 444359 106097046 126472667 1451943 -19713379 705990 3488024 475870 103541347 104505779 224036 27823383 638877 4997294 444360 126472667 98041012 316957 9954872 3400502 406560 104505779 0.71640 0.13160 0.15200 false false 78516534 78516534 205363934 80232976 125130958 50367460 43105885 7261575 2137846 2137846 213046913 0 SWAP LIABILITY 341011 341011 X 97605181 -2121728 -2121728 99726909 422344 70045482 70467826 170194735 97164969 97164969 422344 70045482 70467826 167632795 SCHEDULE D, PART III, LINE 4: STEVENSON HOLDS A COLLECTION OF SCULPTURES AND A COLLECTION OF CIVIL WAR MEMORABILIA THAT FURTHERS RESEARCH, STUDY AND PROMOTES LEARNING IN THE ARTS AND PUBLIC HISTORY. SCHEDULE D, PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 85 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING 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. SCHEDULE D, PART X: INCOME TAX STATUS AS AN EDUCATIONAL INSTITUTION MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE UNIVERSITY IS EXEMPT FROM INCOME TAXES ON INCOME, AS PROVIDED IN SECTION 501(A), EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2024 AND 2023. MANAGEMENT HAS ANALYZED ITS TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B: STUDENT FINANCIAL AID $70,519,093 RENTAL EXPENSES -$452,000 FUNDRAISING EXPENSES -$21,611 ----------- TOTAL TO PART XI, LINE 4B $70,045,482 SCHEDULE D, PART XII, LINE 4B: STUDENT FINANCIAL AID $70,519,093 RENTAL EXPENSES -$452,000 FUNDRAISING EXPENSES -$21,611 ----------- TOTAL TO PART XII, LINE 4B $70,045,482 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I LINE 3 THE UNIVERSITY'S RACIALLY NON-DISCRIMINATORY POLICY IS PUBLICIZED ON RECRUITMENT MATERIALS AND ON THE UNIVERSITY'S PUBLIC WEBSITE. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, PART I LINE 6A STEVENSON UNIVERSITY PARTICIPATES IN SEVERAL FINANCIAL AID PROGRAMS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION AND BY THE STATE OF MARYLAND. true Central America and the Caribbean 0 0 Investments 4812521 Sub-Saharan Africa 0 0 Grantmaking 606990 North America 0 0 Grantmaking 333400 Central America and the Caribbean 0 0 Grantmaking 235900 South America 0 0 Grantmaking 105100 South Asia 0 0 Grantmaking 62940 Middle East and North Africa 0 0 Grantmaking 46000 Europe (Including Iceland and Greenland) 0 0 Grantmaking 34150 Russia and the Newly Independent States 0 0 Grantmaking 30300 East Asia and the Pacific 0 0 Grantmaking 26000 0 0 0 0 6293301 6293301 STUDENT FINANCIAL AID Sub-Saharan Africa 26 606990 STUDENT FINANCIAL AID North America 13 333400 STUDENT FINANCIAL AID Central America and the Caribbean 12 235900 STUDENT FINANCIAL AID South America 5 105100 STUDENT FINANCIAL AID South Asia 2 62940 STUDENT FINANCIAL AID Middle East and North Africa 2 46000 STUDENT FINANCIAL AID Europe (Including Iceland and Greenland) 2 34150 STUDENT FINANCIAL AID Russia and the Newly Independent States 1 30300 STUDENT FINANCIAL AID East Asia and the Pacific 1 26000 false false true true true false STUDENT FINANCIAL AID SCHEDULE F, PART I, LINE 2 THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. ROUGHLY 85 PERCENT OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANTS, WHICH ARE DETERMINED BASED ON THE STUDENTS' FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. MLAX GOLF TOURN 27260 12000 15260 620 6974 4602 1732 HOMECOMING GOLF 20675 12800 7875 500 4068 3115 0 47935 24800 23135 1120 11042 7717 1732 21611 1524 true STUDENT FINANCIAL AID 3273 69038313 STUDENT FINANCIAL AID SCHEDULE I, PART I, LINE 2 THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. NEARLY ALL OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANTS, WHICH ARE DETERMINED BASED ON THE STUDENT'S FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. X true true X X X X X X false true false true false false false false false ELLIOT L HIRSHMAN PRESIDENT 513398 0 331053 0 35000 0 122875 0 137 0 1002463 0 250000 0 MELANIE EDMONDSON VP OF ADMIN & FINANCE, CFO 287479 0 15000 0 0 0 21672 0 137 0 324288 0 0 0 SUSAN GORMAN EVP OF ACADEMIC AFFAIR/PROVOS 251796 0 15000 0 0 0 19634 0 13549 0 299979 0 0 0 CHRISTOPHER VAUGHAN VP UNIVERSITY ADVANCEMENT 234170 0 24779 0 0 0 17505 0 137 0 276591 0 0 0 MARK HERGAN VP ENROLLMENT MANAGEMENT 215846 0 30060 0 0 0 17000 0 17461 0 280367 0 0 0 DAVID JORDAN VP HUMAN RESOURCES 177931 0 5000 0 0 0 13267 0 137 0 196335 0 0 0 ANTIONETTE MARBRAY VP LEGAL AFFAIRS/STATE&FED REG 206489 0 15000 0 0 0 6417 0 11128 0 239034 0 0 0 JOHN BUETTNER VP MARKETING & DIGITAL COMM 186991 0 10000 0 0 0 13946 0 137 0 211074 0 0 0 MEREDITH DURMOWICZ SR AVP ACADEMIC AFFAIRS/RESEAR 163539 0 0 0 0 0 13212 0 17461 0 194212 0 0 0 John Bantillo CIO 163498 0 0 0 0 0 12300 0 642 0 176440 0 0 0 Amanda Holstaka DEAN SODAC/VICE PROVOST OUTREA 159421 0 0 0 0 0 11916 0 137 0 171474 0 0 0 Sharon Buchbinder Dean SOBL 148535 0 0 0 0 0 0 0 6551 0 155086 0 0 0 HOUSING STIPEND SCHEDULE J, PART I, LINE 1A DR. ELLIOT HIRSHMAN PURCHASED HIS OWN RESIDENCE BUT RECEIVED A HOUSING ALLOWANCE OF $35,000 THIS YEAR FROM THE UNIVERSITY. THIS AMOUNT IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J AND PART VII. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B ELLIOT HIRSHMAN IS ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) SPONSORED BY THE UNIVERSITY. DEFERRED COMPENSATION EARNED UNDER THIS PLAN IS REPORTED ON SCHEDULE J, PART I, COLUMN C ALONG WITH THE 403(B) PLAN INSTITUTIONAL PAYMENTS. SERP CONTRIBUTIONS WERE AS FOLLOWS: ELLIOT HIRSHMAN $100,000 SCHEDULE J, PART I, LINE 5A CHRISTOPHER VAUGHAN, VP UNIVERSITY ADVANCEMENT RECEIVED A BONUS BASED ON FUNDRAISING OUTCOMES. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU 520936091 57421CCL6 2021-01-28 142606548 SEE PART VI false false false B MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU 520936091 000000000 2024-05-01 10000000 SEE PART VI false false false A 0 0 143370512 8076112 0 0 1255283 0 120211 14193847 119648924 4733 2023 true false false true B 0 0 10049212 0 0 0 0 0 0 888275 0 9160937 false false false true A false false true true false 0.01800 0.01800 false false false true B false false true false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false true EAGLEBANK 15. true false false 0 false true A true B true SCHEDULE K, PART I, LINE A, COLUMN F DESCRIPTION OF PURPOSE: REFINANCE AND FUND NEW CONSTRUCTION SCHEDULE K, PART I, LINE B, COLUMN F DESCRIPTION OF PURPOSE: FINANCE CONSTRUCTION OF A PERFORMING ARTS CENTER SCHEDULE K, PART II, LINE 3, COLUMN A AND B PROCEEDS INCLUDE INVESTMENT EARNINGS AND DIFFER FROM ISSUE PRICE FOR THIS AMOUNT SCHEDULE K, PART II, LINE 11, COLUMN A OTHER SPENT PROCEEDS INCLUDE REFUNDING PROCEEDS X 6 56343 Mean Trading Price X 13 7475 FMV X Storage Holding Slab 1 14400 FMV X MUSICAL INSTRUM 4 4500 FMV X 3D printers 5 2036 FMV X Vintage fabrics, dresses, sewing supplies 1 2000 FMV X HP Chromebook 1 1000 FMV X Exercise Equipment 1 300 FMV 0 false true false FORM 990 REVIEW PROCESS FORM 990 PART VI LINE 11B THE 990 INFORMATION IS COMPILED BY THE UNIVERSITY'S FINANCE OFFICE AND REVIEWED BY THE INDEPENDENT ACCOUNTING FIRM. THE DRAFT RETURN IS THEN PRESENTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF EIGHT MEMBERS SELECTED FROM THE UNIVERSITY'S CURRENT BOARD OF TRUSTEES AND THE PRESIDENT. A COMPLETE COPY OF THE FORM 990 IS THEN EMAILED TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA A PASSWORD PROTECTED DOCUMENT. THE COMMITTEE MEMBERS ARE ENCOURAGED TO REVIEW AND COMMENT ON THE DOCUMENT PRIOR TO ITS FILING. CONFLICT OF INTEREST POLICY FORM 990 PART VI LINE 12C IT IS THE POLICY OF STEVENSON UNIVERSITY THAT THE MEMBERS OF ITS BOARD OF TRUSTEES AVOID ETHICAL, LEGAL, FINANCIAL AND OTHER CONFLICTS OF INTEREST AND TO ENSURE THAT THEIR ACTIVITIES AND INTERESTS DO NOT CONFLICT WITH THEIR OBLIGATIONS TO THE UNIVERSITY AND ITS WELFARE. THIS POLICY COVERS MATTERS RELATING TO THE BOARD MEMBER OR ANY RELATED PERSON. A RELATED PERSON IS DEFINED AS A MEMBER OF THE IMMEDIATE FAMILY OF THE BOARD MEMBER, ANY ENTITY OF WHICH THE BOARD MEMBER IS AN OFFICER, DIRECTOR OR TRUSTEE OR WITH RESPECT TO WHICH THE BOARD MEMBER HOLDS A SIMILAR POSITION, ANY ENTITY IN WHICH THE BOARD MEMBER HAS A MATERIAL FINANCIAL INTEREST; AND ANY OTHER PERSON OR ENTITY WITH WHOM THE BOARD MEMBER HAS A PERSONAL RELATIONSHIP THAT MIGHT REASONABLY BE EXPECTED TO AFFECT THE BOARD MEMBER'S JUDGMENT IN THE PARTICULAR MATTER. ON AN ANNUAL BASIS EACH MEMBER OF THE BOARD OF TRUSTEES WILL SUBMIT TO THE SECRETARY OF THE BOARD, AN ANNUAL SIGNED CONFLICT OF INTEREST REPORT. IF DURING THE COURSE OF THE YEAR, AN ACTUAL OR POTENTIAL CONFLICT ARISES, BOARD MEMBERS ARE REQUIRED TO DISCLOSE THEM TO THE SECRETARY OF THE BOARD BEFORE ANY BOARD ACTION WITH RESPECT TO THE MATTER IS TAKEN. ANY BOARD MEMBER WHO IS AWARE OF AN EXISTING OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A MATTER COMING BEFORE THE BOARD OR COMMITTEE OF THE BOARD SHALL NOT BE PRESENT FOR ANY DISCUSSION OR VOTE IN CONNECTION WITH THE MATTER, AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED BOARD MEMBERS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL BE REQUIRED IN ORDER TO APPROVE, RATIFY OR AUTHORIZE THE MATTER. THE BOARD MEMBER WHO HAS AN INTEREST IN THE MATTER SHALL NOT BE COUNTED FOR THE PURPOSE OF DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING AT WHICH THE MATTER IS CONSIDERED. COMPENSATION REVIEW PROCESS FORM 990 PART VI LINE 15A & 15B ON AN ANNUAL BASIS THE EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF EIGHT INDEPENDENT MEMBERS SELECTED FROM OUR CURRENT BOARD OF TRUSTEES, MEETS TO EVALUATE THE PERFORMANCE OF THE PRESIDENT, CHIEF FINANCIAL OFFICER, EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, VICE PRESIDENT FOR ENROLLMENT AND VICE PRESIDENT FOR STUDENT AFFAIRS. IT IS THE UNIVERSITY'S EXPECTATION THAT COMPENSATION SETTING PROCEDURES WOULD MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS. DURING THIS MEETING, THE SALARIES ARE EVALUATED BY REVIEWING RESULTS OF COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT ORGANIZATION. THE ORGANIZATION COMPILES THE WAGE INFORMATION OF TEN PEER COLLEGES AND UNIVERSITIES FROM THEIR FORM 990S FILED WITH THE IRS. THIS ENSURES THAT COMPENSATION LEVELS AT STEVENSON UNIVERSITY ARE WITHIN REASONABLE LEVELS TO OTHER INSTITUTIONS. MEETINGS OF THE EXECUTIVE COMMITTEE TAKE PLACE FOUR TIMES A YEAR. MINUTES ARE TAKEN AND RETAINED BY THE OFFICE OF THE PRESIDENT. IN JUNE OF EACH YEAR, THE COMMITTEE MEETS TO DISCUSS AND AUTHORIZE EXECUTIVE COMPENSATION FOR THE KEY EMPLOYEES LISTED ABOVE. FOR ALL OTHER ADMINISTRATIVE PERSONNEL EACH POSITION OR STATUS CHANGE IS BENCHMARKED AGAINST CUPA SALARY SURVEY COMPENSATION STANDARDS BY THE VICE PRESIDENT OF HUMAN RESOURCES TO ENSURE REASONABLE LEVELS OF COMPENSATION. GOVERNING DOCUMENTS FORM 990 PART VI LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. BOULEVARD REALTY NO 2 LLC 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 520705392 STUDENT DORMS MD 10310764 STEVENSON UN OWINGS MILLS EAST LLC 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 520705392 ATHLT FIELDS MD 28939331 STEVENSON UN