2024-04-15T16:22:55-05:00 2023-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-06-01 231352654 LA SALLE UNIVERSITY LASA 2159511000 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 STEPHEN J LIGHTCAP VP OF FINANCE & ADMINISTRATION 2159511000 2024-04-15 1 STEPHEN LIGHTCAP XXX-XX-XXXX 0 LAURA J KENNEY P00202198 6177170831 2024-04-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL J ALLEN 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 170755269 0 X WWW.LASALLE.EDU X 1863 PA PROVIDES A HIGHER EDUCATION IN GENERAL AND SPECIALIZED STUDIES 31 29 1524 33 62478 39185 19522754 16359708 107107470 101281565 11142723 7022609 2842192 2769906 140615139 127433788 42906100 37893900 0 0 58513332 58277273 0 0 1682820 41330444 44478907 142749876 140650080 -2134737 -13216292 272515762 247243605 159699805 153891620 112815957 93351985 X SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT.LA SALLE IS A LASALLIAN CATHOLIC UNIVERSITY COMMITTED TO THE PRINCIPLE THAT ALL KNOWLEDGE IS PRACTICAL AND EMPOWERING, FILLED WITH THE CAPACITY TO TRANSFORM LIVES. ANCHORED IN THE LIVING TRADITION OF THE BROTHERS OF THE CHRISTIAN SCHOOLS AND IN ASSOCIATION WITH A DIVERSE AND INCLUSIVE LEARNING COMMUNITY, OUR MISSION IS TO EDUCATE THE WHOLE PERSON BY FOSTERING A RIGOROUS FREE SEARCH FOR TRUTH. LA SALLE, IN AFFIRMING THE VALUE OF BOTH LIBERAL ARTS AND PROFESSIONAL STUDIES, PREPARES STUDENTS FOR THE LIFELONG PURSUIT AND EXPLORATION OF WISDOM, KNOWLEDGE, AND FAITH THAT LEAD TO ENGAGED AND FULFILLING LIVES MARKED BY A COMMITMENT TO THE COMMON GOOD. 0 0 87677536 37893900 92026802 INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 4,049 AND 3,754 ENROLLED STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS IN THE FALL AND SPRING SEMESTERS RESPECTIVELY. 20108261 0 1656956 STUDENT AND COMMUNITY SERVICES - THE UNIVERSITY PROVIDED COUNSELING, INTERCOLLEGIATE ACTIVITIES, HEALTH-ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. THE UNIVERSITY PROVIDES SERVICES TO THE GREATER PHILADELPHIA COMMUNITY THROUGH OUR NON-PROFIT DEVELOPMENT CENTER. 7896933 0 7597807 AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED HOUSING, BOOKSTORE AND DINING SERVICES. THE UNIVERSITY PROVIDED ROOMS TO 836 AND 760 STUDENTS ENROLLED STUDENTS DURING THE FALL AND SPRING SEMESTERS, RESPECTIVELY. THE UNIVERSITY ALSO PROVIDED MEALS TO 995 AND 916 ENROLLED STUDENTS DURING THE FALL AND SPRING SEMESTERS, RESPECTIVELY. 115682730 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7441 0 1 1524 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA KS LA MD MA NH NM NC OR PA RI SC UT X STEPHEN J LIGHTCAP 2159515146 1900 WEST OLNEY AVENUE PHILADELPHIA PA 19141 ASHLEY HOWARD HD COACH MENS BASKETBALL TO MAR 22 0.00 0.00 X 529956 0 26020 FRANCIS J DUNPHY HEAD COACH MEN'S BASKETBALL 40.00 0.00 X 511557 0 27493 DANIEL J ALLEN PHD PRESIDENT 40.00 0.00 X X 405888 0 30305 ANGELA POLEC EDD VP UNIVERSITY COMMUNICATIONS 40.00 0.00 X 231856 0 33475 BRIAN BAPTISTE VP ATHLETICS AND RECREATION 40.00 0.00 X 230201 0 34465 SEAN L CORGAN ESQ VP GEN COUNSEL,SECRETARY TO DEC 2022 40.00 0.00 X 233620 0 26133 THOMAS M SIBSON VP FINANCE & ADMIN TO DEC 2022 40.00 0.00 X 233320 0 22481 YUSUF UGRAS PROFESSOR 40.00 0.00 X 223269 0 32408 GABRIELLE ST LEGER VP STUDENT DEVELOPMENT & CAMPUS LIFE 40.00 0.00 X 227932 0 22481 MADJID TAVANA PROFESSOR 40.00 0.00 X 204438 0 24421 DANIEL JOYCE VP UNIVERSITY ADVANCEMENT 40.00 0.00 X 193492 0 31865 KRISTIN HEASLEY VP HUMAN RESOURCES 40.00 0.00 X 199171 0 24109 KATHLEEN CZEKANSKI DEAN, SCHOOL OF NURSING & HLTH SCI 40.00 0.00 X 200571 0 20913 LYNDA M BUZZARD VP FIN & ADMIN,TREASURER TO SEP 2022 40.00 0.00 X 186198 0 30347 TIMOTHY O'SHAUGHNESSY FORMER OFFICER (INTERIM PRESIDENT) 0.00 0.00 X 148424 0 19309 SHAKEYA C FOREMAN VP GEN COUNSEL,SECRETARY TO MAY 2023 40.00 0.00 X 113906 0 19797 CHRISTOPHER P LYDON INTERIM VP ENROLLMENT SERVICES 40.00 0.00 X 110913 0 10888 MARK ENGBERG PHD SECRETARY, CHIEF OF STAFF 40.00 0.00 X X 90436 0 2512 EDWARD J SHEEHY FSC PHD VICE PRESIDENT TO OCT 2022 40.00 0.00 X X 42801 0 7572 ELLEN REILLY CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 AMYLYNN FLOOD CPA VICE CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 JOHN K DUGAN CPA VICE CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 BROTHER ROBERT SCHIELER FSC VICE PRESIDENT 1.00 0.00 X X 0 0 0 STEPHEN LIGHTCAP EDD VP FIN/ADM,TREASURER AS OF APR 2023 40.00 0.00 X X 0 0 0 LAWRENCE BERRAN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY BOYLE INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 KENNETH BREWER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 REGINALD M BROWNE INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT T COTTONE INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JACK CURRAN FSC PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN K DEGNAN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER TIMOTHY FROEHLICH FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER THOMAS GERROW FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOHN S GRADY INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT F GRAHAM INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOHN KANE FSC EDD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT W LIPTAK INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOANN M MAGNATTA INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER WILLIAM MANN FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH MARKMANN INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 DONNA MASSANOVA INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 LA VONNE NEAL PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER MICHAEL W OHERN FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 ELAINE PANG INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 DANIEL S ROBINS PHD INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 BROTHER ROBERT SCHAEFER FSC INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 EILEEN THANNER INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH TRUITT INDIVIDUAL TRUSTEE 1.00 0.00 X 0 0 0 PHILIP WJ FISHER INDIVIDUAL TRUSTEE TO DEC 2022 1.00 0.00 X 0 0 0 4317949 0 446994 95 1 1 0 ACADEMIC PARTNERSHIPS LLC PO BOX 133147 DALLAS TX 75313 ONLINE MARKETING SERVICES 2779114 SOUTHEAST SERVICE CORPORATION PO BOX 417612 BOSTON MA 02241 JANITORIAL SERVICES 1682969 SECURITAS SECURITY SERVICES USA INC 9 CAMPUS DRIVE PARSIPPANY NJ 07054 SECURITY SERVICES 1046368 FLUIDICS INC 9815 ROOSEVELT BOULEVARD STE A PHILADELPHIA PA 19114 HVAC SERVICES 918948 PHILADELPHIA PROTECTION BUREAU INC 197 PHILIPS ROAD EXTON PA 19341 LOCK AND SECURITY SYSTEMS 814285 64 470001 1046189 14843518 302633 16359708 TUITION AND FEES 611310 92026802 92026802 RESIDENCE HALLS 611310 7161809 7161809 ACADEMIC RELATED REVENUE 611310 1656956 1656956 DINING SERVICES 611310 322179 322179 CAMPUS STORE 611310 113819 113819 101281565 6997052 6487 6990565 31360 31360 986527 668459 318068 318068 14141 303927 38212349 4200000 40374691 2012101 -2162342 2187899 25557 25557 131507 470001 266230 -134723 -134723 ADMINISTRATIVE AND OTHER REVENUE 900099 2555201 41850 2513351 2555201 127433788 101281565 62478 9730037 37893900 37893900 2963897 565452 2398445 45561585 38234707 6434330 892548 510922 429804 81015 103 5868692 4885655 981868 1169 3372177 2709675 661861 641 48078 25517 22561 122535 122535 266517 266517 5508248 2267576 3198434 42238 1301584 411102 890482 2585015 1891979 352478 340558 2913968 2537892 194032 182044 1396057 1360573 35484 1957211 1593119 341223 22869 861624 651833 168382 41409 5375890 4896268 479622 7542185 6879449 662736 1802385 63770 1738615 REPAIRS AND MAINTENANCE 2388273 2348501 39772 BOOKS AND SUBSCRIPTIONS 956854 956854 BAD DEBT EXPENSE 798986 764600 34386 EQUIPMENT RENTAL 276651 155473 118422 2756 8376846 5115885 3104476 156485 140650080 115682730 23284530 1682820 7038 6987 20148847 9625603 2164548 6087990 5852397 7381481 1858876 1417241 67337 53474 2245304 2132359 314354116 175489583 143076816 138864533 89031105 74730958 2442925 1500892 5620569 5442087 272515762 247243605 12604430 13203004 8638056 7536287 125232038 121685146 13225281 11467183 159699805 153891620 X 52345806 32328227 60470151 61023758 112815957 93351985 272515762 247243605 -13216292 -6247680 0 X 0 1 X 1 1 1 X 7526733 13589856 18637736 19522754 16359708 75636787 7526733 13589856 18637736 19522754 16359708 75636787 75636787 3814250 6774465 3926959 8559908 7994311 31069893 43198 56028 104459 40199 243884 3166546 3178522 1487129 2322541 2513351 12668089 119618653 598944710 0.63230 0.64040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE OTHER REVENUE - 2018 AMOUNT: $ 3,166,546. 2019 AMOUNT: $ 3,178,522. 2020 AMOUNT: $ 1,487,129. 2021 AMOUNT: $ 2,322,541. 2022 AMOUNT: $ 2,513,351. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4209843 X X 0 83366648 370232 -1135550 1713207 9221805 71666318 95640008 654110 -5833616 1044756 6049098 83366648 80002231 813222 15818915 658006 336354 95640008 80311293 1260569 5533488 714474 6388645 80002231 85073509 911232 1520385 837711 6356122 80311293 0.32000 0.68000 0.00000 0 0 17037653 17037653 241707835 136959218 104748617 15613663 12609526 3004137 34597736 21528391 13069345 5397229 4392448 1004781 138864533 OTHER LIABILITIES 8531598 ADV FROM FED GOV FOR STUDENT LOANS 2935585 11467183 X 83975844 -6247680 15464 -6232216 90208060 266517 36959211 37225728 127433788 103439816 15464 934689 950153 102489663 266517 37893900 38160417 140650080 PART III, LINE 4: THE LA SALLE UNIVERSITY ART MUSEUM PROVIDES AN EDUCATIONAL RESOURCE FOR LA SALLE STUDENTS, ESPECIALLY THOSE MAJORING IN ART HISTORY, AS WELL AS THE COMMUNITIES IN THE SURROUNDING AREAS. THE MISSION OF THE MUSEUM IS TO FURTHER THE UNIVERSITY'S LASALLIAN EDUCATIONAL OBJECTIVES BY HELPING STUDENTS, OTHER MEMBERS OF THE UNIVERSITY COMMUNITY, AND THE GENERAL PUBLIC TO EXPERIENCE ART IN AN INTIMATE SETTING AND TO PLACE THEM IN MEANINGFUL CONTEXTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 153 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 7% OF ITS FUNDS BASED ON A TRAILING 12 QUARTER AVERAGE ENDOWMENT MARKET VALUE. THE UNIVERSITY, OVER THE LONG TERM, EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO CONTINUE TO GROW. THIS IS CONSISTENT WITH THE UNIVERSITY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURNS. PART X, LINE 2: THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 37,893,900. DIRECT RENTAL EXPENSES -668,459. DIRECT FUNDRAISING EVENT EXPENSES -266,230. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 668,459. DIRECT FUNDRAISING EVENT EXPENSES 266,230. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 37,893,900. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LA SALLE UNIVERSITY PUBLISHES, ON THE HOME LANDING PAGE, A LINK TO THE TITLE IX PAGE WHICH CONTAINS THE UNIVERSITY'S NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 LA SALLE UNIVERSITY RECEIVES FINANCIAL AID/ASSISTANCE FROM VARIOUS FEDERAL (U.S. DEPARTMENT OF EDUCATION) AND STATE (COMMONWEALTH OF PENNSYLVANIA) GOVERNMENTAL AGENCIES INCLUDING: COLLEGE WORK STUDY PROGRAMS AND THE PELL GRANT PROGRAM. THE FEDERAL PERKINS LOAN PROGRAM EXPIRED ON SEPTEMBER 30, 2017. THE UNIVERSITY CONTINUES TO SERVICE THE OUTSTANDING LOAN AND REMIT THE FEDERAL SHARE TO THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 11365 0 0 0 0 0 0 11365 0 11365 0 0 1 1 0 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: PART IV, LINE 3: AS PART OF THE UNIVERSITY'S INVESTMENT PORTFOLIO THERE MAY BE DIRECT OR INDIRECT OWNERSHIP INTERESTS IN FOREIGN CORPORATIONS, PASSIVE FOREIGN INVESTMENT COMPANIES (PFIC), AND FOREIGN PARTNERSHIPS. THE UNIVERSITY'S INTERESTS DO NOT INCLUDE ACTIVITY OR AN OWNERSHIP INTEREST THAT REQUIRES THE FILING OF FORM 926, FORM 5471, FORM 8621, OR FORM 8865 IN THIS FISCAL YEAR. CHARTER DINNER 270554 222854 47700 17449 121010 6387 RAFTERY GOLF OUTING 131134 101169 29965 1404 25348 9695 978 4 199820 145978 53842 17104 47511 11576 7768 601508 470001 131507 18508 90308 142281 15133 266230 -134723 1 MERIT SCHOLARSHIPS & NEED-BASED 2156 37893900 0 PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION, HOUSING STATUS, AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. ALL SCHOLARSHIPS AND GRANTS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X X X X 1 0 0 0 0 0 0 1 1 1 ASHLEY HOWARD HD COACH MENS BASKETBALL TO MAR 22 115605 0 0 0 414351 0 2841 0 23179 0 555976 0 0 0 FRANCIS J DUNPHY HEAD COACH MEN'S BASKETBALL 502481 0 0 0 9076 0 2535 0 24958 0 539050 0 0 0 DANIEL J ALLEN PHD PRESIDENT 342148 0 0 0 63740 0 4808 0 25497 0 436193 0 0 0 ANGELA POLEC EDD VP UNIVERSITY COMMUNICATIONS 231856 0 0 0 0 0 4687 0 28788 0 265331 0 0 0 BRIAN BAPTISTE VP ATHLETICS AND RECREATION 229601 0 0 0 600 0 4600 0 29865 0 264666 0 0 0 SEAN L CORGAN ESQ VP GEN COUNSEL,SECRETARY TO DEC 2022 233620 0 0 0 0 0 4671 0 21462 0 259753 0 0 0 THOMAS M SIBSON VP FINANCE & ADMIN TO DEC 2022 233320 0 0 0 0 0 0 0 22481 0 255801 0 0 0 YUSUF UGRAS PROFESSOR 223269 0 0 0 0 0 4426 0 27982 0 255677 0 0 0 GABRIELLE ST LEGER VP STUDENT DEVELOPMENT & CAMPUS LIFE 227334 0 0 0 598 0 1825 0 20656 0 250413 0 0 0 MADJID TAVANA PROFESSOR 203438 0 1000 0 0 0 3281 0 21140 0 228859 0 0 0 DANIEL JOYCE VP UNIVERSITY ADVANCEMENT 192895 0 0 0 597 0 3875 0 27990 0 225357 0 0 0 KRISTIN HEASLEY VP HUMAN RESOURCES 198573 0 0 0 598 0 3984 0 20125 0 223280 0 0 0 KATHLEEN CZEKANSKI DEAN, SCHOOL OF NURSING & HLTH SCI 200571 0 0 0 0 0 3566 0 17347 0 221484 0 0 0 LYNDA M BUZZARD VP FIN & ADMIN,TREASURER TO SEP 2022 184196 0 0 0 2002 0 1214 0 29133 0 216545 0 0 0 TIMOTHY O'SHAUGHNESSY FORMER OFFICER (INTERIM PRESIDENT) 148424 0 0 0 0 0 761 0 18548 0 167733 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IN THE AMOUNT OF $42,184 WAS PAID TO DANIEL J. ALLEN, PRESIDENT. THIS AMOUNT IS INCLUDED IN TAXABLE INCOME AND REPORTED AS PART OF SCHEDULE J, PART II, COLUMN (B)(III). THE PRESIDENT'S CLUB DUES AT THE UNION LEAGUE ARE PAID BY THE UNIVERSITY AND ARE NOT INCLUDED IN TAXABLE INCOME. THE CLUB IS USED SOLELY FOR UNIVERSITY BUSINESS. PART I, LINE 4A ASHLEY HOWARD, MEN'S BASKETBALL COACH, RECEIVED SEVERANCE OF $385,038. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 MADJID TAVANA'S REPORTED BONUS IS FROM THE FACULTY DISTINGUISHED SCHOLARSHIP AWARD. PART I, LINE 8 COMPENSATION FOR THESE EMPLOYEES IS SUBJECT TO AN INITIAL WRITTEN EMPLOYMENT AGREEMENT AS NOTED: FRANCIS J. DUNPHY, HEAD COACH MEN'S BASKETBALL - EFFECTIVE 4/6/2022 - 4/5/2024 DANIEL J. ALLEN, PH.D, PRESIDENT - EFFECTIVE 4/18/2022 - 5/31/2027 SHAKEYA C. FOREMAN, VP GENERAL COUNSEL & SECRETARY - EFFECTIVE 12/5/2022 - 5/5/2023 CHRISTOPHER P. LYDON, INTERIM VICE PRESIDENT, ENROLLMENT SERVICES - EFFECTIVE 8/1/2022 - 6/30/2023 MARK ENGBERG, PH.D., SECRETARY, CHIEF OF STAFF - EFFECTIVE 8/8/2022 A PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 00070917R 2012-09-12 94975000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 00071781X 2017-11-29 40050000 CONSTRUCTION/REFUND PRIOR ISSUE 0 0 0 A 15385000 8020431 102024659 1320189 22859478 77844992 2017 1 1 1 1 B 3820000 43878079 8020431 564030 5508905 29784713 2019 1 1 1 1 A 0 1 0 0 0.01100 0.04500 0.05600 0 1 0.06280 0 1 B 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 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2015 SCHEDULE K, PART I, LINE 3: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE PROCEEDS OF THE ISSUE IS $7,049,659 OF BOND PREMIUM. (B) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE PROCEEDS OF THE ISSUE IS $3,828,079 OF BOND PREMIUM. SCHEDULE K, PART II, LINES 14 & 15: (A) ISSUER NAME: PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY THE REFUNDED BONDS WERE ISSUED: SERIES 2003 BONDS ISSUED 10/1/2003; SERIES 2007B BONDS ISSUED 10/1/2007. (B) ISSUER NAME: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT THE REFUNDED BONDS WERE ISSUED: SERIES 2007A BONDS ISSUED 10/1/2007; SERIES 2012 BONDS ISSUED 9/12/2012. X 13 249347 FAIR MARKET VALUE X MISCELLANEOUS 5 35902 FAIR MARKET VALUE X AUCTION 28 17384 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS REPORTED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR AND VICE-CHAIRS OF THE BOARD, THE PRESIDENT, THE BROTHER VISITOR OF DENA, AND THE CHAIRS OF ALL THE RESPECTIVE STANDING COMMITTEES, ALL OF WHOM ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD IS NOT IN SESSION, ALL OF THE POWERS OF THE BOARD, EXCEPT FOR POWERS SPECIFICALLY RESERVED FOR THE BOARD. THE BYLAWS STATE THAT THE FOLLOWING POWERS SHALL BE EXERCISED ONLY BY THE BOARD, AND MAY NOT BE DELEGATED TO ANY COMMITTEE: (I) AMENDMENT OF THE ARTICLES OF INCORPORATION OR BY-LAWS OF THE UNIVERSITY; (II) THE PURCHASE, SALE, MORTGAGE, LEASE OR OTHER DISPOSAL OF THE UNIVERSITY'S REAL PROPERTY, PROVIDED THAT SUCH ACTION IS AUTHORIZED BY THE VOTE OF A MAJORITY OF THE TRUSTEES THEN IN OFFICE; (III) THE INCURRENCE OF ANY INDEBTEDNESS OR EXPENDITURE IN EXCESS OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), EXCEPT AS OTHERWISE PERMITTED BY THE BYLAWS, PROVIDED THAT SUCH ACTION IS AUTHORIZED BY A VOTE OF A MAJORITY OF TRUSTEES ATTENDING A DULY CONVENED MEETING; (IV) THE AUTHORIZATION, ADOPTION, AND APPROVAL OF THE ANNUAL BUDGET OF THE UNIVERSITY; (V) APPROVAL OF THE UNIVERSITY'S MISSION STATEMENT AND ANY AMENDMENT THERETO; (VI) APPROVAL OF THE UNIVERSITY'S STRATEGIC PLAN AND ANY AMENDMENT THERETO; AND (VII) THE APPOINTMENT OF MEMBERS OF THE FACULTY TO THE RANK OF PROFESSOR AND THE ADMISSION OF MEMBERS OF THE FACULTY TO TENURE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT AND THEN REVIEWED BY MANAGEMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. THE UNIVERSITY REQUIRES THAT ALL BOARD MEMBERS ANNUALLY SIGN A CONFLICT-OF-INTEREST STATEMENT. THIS STATEMENT PLACES THE RESPONSIBILITY OF EXPECTATION ON EACH MEMBER TO REFRAIN FROM ACTIONS USED AS A MEANS FOR HIS/HER PRIVATE BENEFIT OR INUREMENT. REGARDING THE UNIVERSITY'S STAFF AND EMPLOYEES, THERE IS ON-GOING TRAINING CONDUCTED BY VARIOUS DEPARTMENTS. THE INTENT OF THIS TRAINING IS TO HAVE EMPLOYEES UNDERSTAND AND EMBRACE THE "LA SALLIAN" VIRTUES AND CODES OF CONDUCT FOR ALL EMPLOYEES. THE CONFLICT OF INTEREST POLICY APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, KEY EMPLOYEES, AND STAFF OF THE UNIVERSITY. IT IS ALSO INTENDED TO SERVE AS A GUIDE FOR ALL EMPLOYEES OF THE UNIVERSITY. DISCLOSURES BY BOARD MEMBERS ARE DIRECTED TO THE PRESIDENT OR TO THE BOARD. IF THE PRESIDENT OR THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE PARTY WITH THE CONFLICT WILL NOT VOTE ON OR PARTICIPATE ON BEHALF OF THE UNIVERSITY IN THE ADMINISTRATION OF TRANSACTIONS WHERE THE CONFLICT EXISTS. ALL OTHER EMPLOYEES ARE TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO THE VICE PRESIDENT OF THEIR RESPECTIVE DIVISION. ANY SUCH DISCLOSURE SHOULD THEN BE FORWARDED TO HUMAN RESOURCES FOR INCLUSION IN THE EMPLOYEE'S PERSONNEL FILE. ANY PERSON UNSURE OF A CONFLICT MAY REQUEST AN OFFICER TO WEIGH IN ON THE MATTER TO ASCERTAIN WHETHER OR NOT A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A COMPENSATION SUBCOMMITTEE OF THE BOARD OF TRUSTEE CHARGED WITH REVIEWING THE COMPENSATION OF THE PRESIDENT AND CERTAIN SENIOR UNIVERSITY EXECUTIVES. THE BOARD HAS ENGAGED AN OUTSIDE CONSULTANT TO ADVISE ON EXECUTIVE COMPENSATION SINCE 2009. THIS CONSULTANT HAS BEEN A SPECIALIST IN REVIEWING NON-PROFIT EXECUTIVE COMPENSATION SINCE 1976. THE PROCESS UTILIZES CUSTOMIZED REGIONAL AND NATIONAL SALARY SURVEY DATA, COMPLIES WITH IRS AND OTHER REQUIREMENTS FOR INDEPENDENCE, ACCOUNTABILITY, DISCLOSURE, AND DOCUMENTATION. CONSEQUENTLY, OUR EXECUTIVES ARE COMPENSATED COMPETITIVELY AND THE TRUSTEES ARE SECURE IN KNOWING THAT ALL REGULATORY REQUIREMENTS HAVE BEEN MET. THE CONSULTANT, PEARL MEYER & PARTNERS, LLC (FORMERLY ALEXANDER YAFFE), WILL PRESENT FINDINGS AND RECOMMENDATIONS DIRECTLY TO THE COMPENSATION SUBCOMMITTEE OF THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE OF THE BOARD OF TRUSTEES. THE BOARD WILL DELIBERATE ON RECOMMENDATIONS AND TAKE INTO ACCOUNT ANY OTHER RELEVANT INFORMATION AND FACTORS IN DETERMINING THE REASONABLENESS OF EXECUTIVE COMPENSATION. THE LAST REVIEW WAS CONDUCTED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 LA SALLE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. POOLED INCOME FUND (2) POOLED INCOME FUND PA LA SALLE UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0