2024-05-02T10:04:00-05:00 2023-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2022-07-01 314379435 CAPITAL UNIVERSITY CAPI 6142366813 1 COLLEGE AND MAIN COLUMBUS OH 43209 WILLIAM E MEA VP-BUSINESS&FINANCE&TREASURER 6142366813 2024-04-24 1 WILLIAM MEA 999009999 0 CHRISTOPHER B ANDERSON P00226559 2163630100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID L KAUFMAN 1 COLLEGE AND MAIN COLUMBUS OH 43209 382451045 0 X WWW.CAPITAL.EDU X 1830 OH CAPITAL UNIVERSITY TRANSFORMS LIVES BY EMPOWERING AN INCLUSIVE COMMUNITY OF LEARNERS THROUGH ENGAGING ACADEMIC, CO-CURRICULAR, AND PROFESSIONAL EXPERIENCES. 25 23 1750 25 -105083 0 17621518 16668750 109135245 107271053 5348776 854453 322329 352023 132427868 125146279 57222234 53252385 0 0 42573115 43754329 0 0 2138638 32295587 34422266 132090936 131428980 336932 -6282701 276697863 294859393 38391836 53204834 238306027 241654559 X CAPITAL UNIVERSITY TRANSFORMS LIVES BY EMPOWERING AN INCLUSIVE COMMUNITY OF LEARNERS THROUGH ENGAGING ACADEMIC, CO-CURRICULAR, AND PROFESSIONAL EXPERIENCES. 0 0 108141263 53252385 94399368 CAPITAL UNIVERSITY PROVIDES ACADEMIC OPPORTUNITIES TO 2,000 UNDERGRADUATE AND 900 GRADUATE AND PROFESSIONAL STUDENTS. THE UNIVERSITY OFFERS FOUR UNDERGRADUATE DEGREES WITH MORE THAN 70 MAJORS, AND GRADUATE DEGREES IN LAW, BUSINESS, NURSING, MUSIC, EDUCATION, AND THEOLOGY TAUGHT BY APPROXIMATELY 160 FULL-TIME FACULTY. MORE THAN 1,900 UNDERGRADUATE AND 500 GRADUATE STUDENTS RECEIVE INSTITUTIONAL FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS. SINCE CAPITAL IS IN A METROPOLITAN SETTING IN THE COLUMBUS SURBURB OF BEXLEY, STUDENTS ENJOY MANY ACADEMIC, CULTURAL, RECREATIONAL AND SOCIAL ACTIVITIES. IN ADDITION TO THE GRADUATE PROGRAMS HOUSED ON THE MAIN CAMPUS IN BEXLEY, THE CAPITAL UNIVERSITY LAW SCHOOL IS LOCATED IN DOWNTOWN COLUMBUS PROVIDING STUDENTS THE PROSPECT OF ENHANCING THEIR EDUCATION THROUGH INTERNSHIPS AND OPPORTUNITIES WITH FEDERAL, STATE, AND COUNTY AGENCIES AND WITH LAW FIRMS IN OHIO'S CAPITAL CITY. THE ACADEMIC EXPERIENCE AT CAPITAL INCLUDES A RICH VARIETY OF INTERNSHIPS AND EDUCATIONAL OPPORTUNITIES FOR STUDENTS WITH NATIONAL CORPORATIONS, HEALTH, AND OTHER NON-PROFIT AGENCIES AND GOVERNMENTAL OFFICES. 12829705 0 11619065 AUXILIARY ENTERPRISE OPERATIONS PRIMARILY FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF. IT IS MANAGED AS A SELF-SUPPORTING ACTIVITY AND CONSIST PRIMARILY DINING AND HOUSING SERVICES. 0 0 1050821 OTHER CONSISTS OF MISCELLANEOUS FEES AND PROGRAM REVENUES. 120970968 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 3724 0 1 1750 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 23 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X DANNY BURKHOLDER CONTROLLER 6142366292 1 COLLEGE AND MAIN COLUMBUS OH 432092394 STEVEN BAHLS TRUSTEE 2.00 X 0 0 0 LAURA BARBINS TRUSTEE 2.00 X 0 0 0 PAM BAUSER TRUSTEE 2.00 X 0 0 0 PAUL CHODAK VICE CHAIR 4.00 X X 0 0 0 DOMINIC DELUCA TRUSTEE 2.00 X 0 0 0 TIM DONOVAN TRUSTEE 2.00 X 0 0 0 LUKE FEDLAM TRUSTEE 2.00 X 0 0 0 JUNE FRYMAN TRUSTEE 2.00 X 0 0 0 CHRISTINE HOLT TRUSTEE 2.00 X 0 0 0 ERIKA CLARK JONES TRUSTEE 2.00 X 0 0 0 JEAN KOHLER TRUSTEE 2.00 X 0 0 0 MICHAEL LANCASTER TRUSTEE 2.00 X 0 0 0 MARTY MCDONALD TRUSTEE 2.00 X 0 0 0 NEIL MORTINE TRUSTEE 2.00 X 0 0 0 VINCENT PARISI TRUSTEE 2.00 X 0 0 0 ANDRE PORTER CHAIR 4.00 X X 0 0 0 BRIAN PRINCE TRUSTEE 2.00 X 0 0 0 NIKLAUS SCHILLACK TRUSTEE 2.00 X 0 0 0 TYLER SCHLEICH TRUSTEE 2.00 X 0 0 0 KIM SHUMATE TRUSTEE 2.00 X 0 0 0 MARTI TAYLOR CHAIR/VICE CHAIR 4.00 X X 0 0 0 JEFF THIELE TRUSTEE 2.00 X 0 0 0 WILLIAM WIECHER TRUSTEE 2.00 X 0 0 0 MO WRIGHT TRUSTEE 2.00 X 0 0 0 DAVID KAUFMAN PRESIDENT 50.00 X X 404489 0 17418 JODY FOURNIER PROVOST AND VP-LEARNING 50.00 X 207329 0 76839 WILLIAM MEA VP-BUSINESS&FIN./TREASURER 50.00 X 261814 0 52567 APRIL NOVOTNY VP-ADVANCEMENT 50.00 X 140000 0 20175 JENNIFER PATTERSON VP-ADVANCEMENT 50.00 X 155049 0 34289 TANYA POTEET VP,UNIV.COUNSEL/SECRETARY 50.00 X 208792 0 38656 REYNALDO VALENCIA DEAN OF LAW SCHOOL 50.00 X 290489 0 34041 DENVY BOWMAN FACULTY 50.00 X 213771 0 32850 MARK BROWN FACULTY 50.00 X 210368 0 41784 JEFF FERRIELL FACULTY 50.00 X 196320 0 44786 DIXIE JEFFERS ATHLETIC DIRECTOR 50.00 X 362921 0 0 MARK STRASSER FACULTY 50.00 X 191351 0 54656 RACHEL JANUTIS FACULTY (FORMER KEY EMPLOYEE) 50.00 X 185233 0 37977 3027926 0 486038 55 1 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC PO BOX 71612 CHICAGO IL 60694 FOOD SERVICE 3752497 JPMORGAN CHASE BANK PO BOX 15918 WILMINGTON DE 19850 BANK SERVICES 2089330 HES INTERMEDIATE HOLDINGS 211 S JEFFERSON AVE ST LOUIS MO 63103 JANITORIAL SERVICES 1328149 SPEER MECHANICAL 5255 SINCLAIR RD COLUMBUS OH 43229 CONSTRUCTION SERVICES 737011 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 ENROLLMENT STRATEGY CONSULTING 410381 29 10889675 5779075 34156 16668750 TUITION AND FEES 611710 94601167 94601167 AUXILIARIES 611710 11619065 11417266 201799 OTHER PROGRAM REVENUE 611710 1050821 1050821 107271053 1296362 -306882 1603244 376196 24173 352023 352023 352023 256838684 257280593 -441909 -441909 -441909 125146279 107069254 -105083 1513358 53220237 53220237 32148 32148 1667960 497817 834646 335497 31606171 28881469 1924449 800253 1823222 1575236 172465 75521 6375539 5597862 525838 251839 2281437 2036758 166547 78132 223038 223038 103600 103600 854223 854223 6871293 6017082 695265 158946 749757 88295 659887 1575 2026318 1919695 45222 61401 2517469 2090778 277790 148901 6965329 6439636 500461 25232 1344988 1203737 62985 78266 1550498 1349842 77581 123075 1738318 1651402 86916 8430894 7950821 480073 696636 74934 621702 ALLOW.-DOUBTFUL ACCTS. 304310 304310 OTHER INDIRECT COSTS 45595 38909 6686 131428980 120970968 8319374 2138638 10241692 19555491 6183516 1434978 1592189 1483196 1615757 1114661 85794 59204 1475083 1921131 255016274 146948152 111393530 108068122 18753122 42851693 115670326 107713269 9686854 10657648 276697863 294859393 5290887 8248300 0 593546 4216099 2271536 24304005 37463759 348256 285297 4232589 4342396 38391836 53204834 X 112817218 109689120 125488809 131965439 238306027 241654559 276697863 294859393 X -6282701 9687711 -56478 X 0 1 X 1 1 1 X 8918147 8822821 16213591 17621518 16668750 68244827 8918147 8822821 16213591 17621518 16668750 68244827 284354 67960473 3175473 521332 759578 970043 1672558 7098984 17460 29413 2306 75993 0 125172 660 660 75469643 559382357 0.90050 0.85670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2018 AMOUNT: $ 660. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 125406226 2277582 8509842 5088511 131105139 136926898 5397815 -11276238 4661151 981098 125406226 107449057 3825003 30453746 2386310 2414598 136926898 106298280 2915892 3011499 2410743 2365871 107449057 107345638 2550949 358619 1636690 2320236 106298280 0.12652 0.70028 0.17320 1 0 14134780 14134780 119205818 68165843 51039975 46006534 25683314 20323220 55357752 43131422 12226330 20311390 9967573 10343817 108068122 PRIVATE EQUITY FUNDS 10900938 F COMMON TRUST FUNDS 96812331 F 107713269 AGENCY FUNDS HELD FOR OTHERS 407645 ADVANCES FROM GOVT-STUDENT LOANS 2236212 POSTRETIREMENT BENEFIT OBLIGATIONS 861249 FINANCE LEASE OBLIGATION PAYABLE 603118 OPERATING LEASE LIABILITY 234172 4342396 X 81309676 9687711 188738 9876449 71433227 854223 52858829 53713052 125146279 77961144 24173 24173 77936971 854223 52637786 53492009 131428980 PART III, LINE 4: DESCRIPTION OF ART COLLECTIONS - THE COLLECTION CONSISTS OF A WIDE-RANGE OF ARTWORK COVERING MORE THAN 2,000 YEARS FROM MANY CULTURES AND MEDIUMS. THE MISSION OF THE GALLERY IS TO PROMOTE USE AS AN INTEGRAL PART OF THE TEACHING MISSION OF THE UNIVERSITY AND TO CONTRIBUTE TO AN INTELLECTUALLY STIMULATING, CREATIVE CULTURE ENVIRONMENT FOR THE UNIVERSITY AND THE COMMUNITY. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - ENDOWMENT FUNDS PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS, SUPPORT FOR GENERAL OPERATIONS, AND SUPPORT FOR SPECIFIC PROGRAMS IDENTIFIED BY DONORS. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - THE INTERNAL REVENUE SERVICE HAS RULED THAT CAPITAL UNIVERSITY IS A TAX-EXEMPT EDUCATIONAL INSTITUTION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990, PART VIII, LINE 6 24,173. POSTRETIREMENT BENEFIT OBLIGATION RELATED CHANGES OTHER THAN PERIODIC COSTS 164,565. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID EXPENSE 52,637,786. ACTUARIAL CHANGE IN ANNUITY LIABILITY 221,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990, PART VIII, LINE 6 24,173. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID EXPENSE 52,637,786. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY LANGUAGE IS PUBLISHED IN THE ADMISSION VIEW BOOK, THE VARIOUS STUDENT BULLETINS, AND IN ALL MAJOR UNIVERSITY PUBLICATIONS AIMED TO THE STUDENT/PARENT AUDIENCE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH PERKINS STUDENT LOANS, NURSING STUDENT LOANS, NURSING FACULTY LOAN PROGRAM, COLLEGE WORK-STUDY, PELL GRANTS, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS. CAPITAL UNIVERSITY ALSO RECEIVES SUPPORT FROM THE STATE OF OHIO FOR SIMILAR AID PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5606845 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 16 PROGRAM SERVICES STUDENT/FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 27988 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 3 PROGRAM SERVICES STUDY ABROAD 32148 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 40 PROGRAM SERVICES STUDENT/FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 88933 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 12 PROGRAM SERVICES STUDENT/FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 33264 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 1 PROGRAM SERVICES STUDENT/FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 13829 0 72 0 0 0 72 5803007 0 5803007 STUDENT FINANCIAL AID FOR STUDY ABROAD PROGRAMS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 3 32148 CHECK/WIRE 1 0 1 0 0 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - ALL STUDENTS ELECTING TO PARTICIPATE IN A STUDY ABROAD PROGRAM ARE AWARDED FINANCIAL AID GRANTS AND OTHER AID BASED ON THE COST OF ATTENDANCE AND FEDERAL NEED CALCULATIONS. ALL GRANTS FUNDS TO SUPPORT THESE STUDENTS ARE REMITTED DIRECTLY TO THE HOST INSTITUTION TO BE APPLIED TO THE STUDENTS' PROGRAM CHARGES. PART III ACCOUNTING METHOD: 1 ENDOWED SCHOLARSHIPS 713 614598 0 GRANT IN AID&OTHER INST.AID 1901 52637786 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE UNIVERSITY AWARDS FINANCIAL AID GRANTS ONLY TO ENROLLED STUDENTS. GRANTS ARE CREDITED TO THE RECIPIENTS' ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X X X 0 1 X X X 1 1 0 0 0 0 0 0 0 DAVID KAUFMAN PRESIDENT 328925 0 0 0 75564 0 15000 0 2418 0 421907 0 0 0 DIXIE JEFFERS ATHLETIC DIRECTOR 11859 0 0 0 351062 0 0 0 0 0 362921 0 0 0 REYNALDO VALENCIA DEAN OF LAW SCHOOL 289457 0 0 0 1032 0 14025 0 20016 0 324530 0 0 0 WILLIAM MEA VP-BUSINESS&FIN./TREASURER 245230 0 15000 0 1584 0 22950 0 29617 0 314381 0 0 0 JODY FOURNIER PROVOST AND VP-LEARNING 206876 0 0 0 453 0 19760 0 57079 0 284168 0 0 0 MARK BROWN FACULTY 209132 0 0 0 1236 0 18470 0 23314 0 252152 0 0 0 TANYA POTEET VP,UNIV.COUNSEL/SECRETARY 207977 0 0 0 815 0 18718 0 19938 0 247448 0 0 0 DENVY BOWMAN FACULTY 211287 0 0 0 2484 0 19153 0 13697 0 246621 0 0 0 MARK STRASSER FACULTY 189217 0 0 0 2134 0 17061 0 37595 0 246007 0 0 0 JEFF FERRIELL FACULTY 194217 0 0 0 2103 0 16917 0 27869 0 241106 0 0 0 RACHEL JANUTIS FACULTY (FORMER KEY EMPLOYEE) 184866 0 0 0 367 0 16468 0 21509 0 223210 0 0 0 JENNIFER PATTERSON VP-ADVANCEMENT 154722 0 0 0 327 0 14234 0 20055 0 189338 0 0 0 APRIL NOVOTNY VP-ADVANCEMENT 139845 0 0 0 155 0 12213 0 7962 0 160175 0 0 0 PART I, LINE 1A BENEFITS OFFERED TO CERTAIN EMPLOYEES - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE PRESIDENT OF THE UNIVERSITY RECEIVES AN AUTOMOBILE AND A HOUSING ALLOWANCE. THESE ALLOWANCES ARE TREATED AS TAXABLE COMPENSATION AND ARE GROSSED-UP PAYMENTS. HEALTH OR SOCIAL CLUB DUES: THE UNIVERSITY PROVIDES A SOCIAL CLUB MEMBERSHIP TO THE PRESIDENT AND THE VICE PRESIDENT FOR ADVANCEMENT. THIS PROVIDES A FACILITY FOR HOSTING UNIVERSITY-RELATED EVENTS AND, AS SUCH, IS NOT TREATED AS TAXABLE COMPENSATION SINCE IT IS USED STRICTLY FOR BUSINESS PURPOSES. TRAVEL FOR COMPANIONS: THE UNIVERSITY ON OCCASION PAYS FOR TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE WHEN SHE IS ASSISTING THE PRESIDENT WITH UNIVERSITY MATTERS. PART I, LINE 1B WRITTEN POLICY FOR EXPENSES - CAPITAL UNIVERSITY DOES NOT HAVE A POLICY THAT CLEARLY STATES WHO IS ELIGIBLE FOR EXTRA ALLOWANCES - HOUSING, AUTOMOBILE, ETC. THE PRESIDENT'S CONTRACT DOES INCLUDE SPECIFIC LANGUAGE THAT SPEAKS TO THE ADDITIONAL ALLOWANCES OFFERED (I.E., AUTOMOBILE, HOUSING, CLUB). PART I, LINES 4A-B SEVERANCE PAYMENT: DIXIE JEFFERS RECEIVED A SEVERANCE PAYMENT OF $351,062. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: PRESIDENT KAUFMAN PARTICIPATED IN A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN DURING THE YEAR. A OHIO HIGHER EDUCATIONAL FACILITIES COMMISSION 346849674 2022-10-18 37472191 CONSTRUCTION&PAY-OFF 2013/2015 BONDS 0 0 0 A 37472191 460267 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SEE PART V 19714 TUITION GRANTS EDUC.ASSISTANCE SEE PART V 16504 TUITION GRANTS EDUC.ASSISTANCE SEE PART V 19714 TUITION GRANTS EDUC.ASSISTANCE SEE PART V 5717 TUITION GRANTS EDUC.ASSISTANCE DEBBIE FOURNIER SPOUSE OF OFFICER 61336 COMPENSATION 0 EMILY RAGLAND RELATIVE OF TRUSTEE 66301 COMPENSATION 0 PART III - GRANTS BENEFITING INTERESTED PERSONS: EDUCATIONAL ORGANIZATIONS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE PURSUANT TO THE INSTRUCTIONS FOR FORM 990, SCHEDULE L. AS SUCH, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK IN PART III. X 175 0 N/A X MUSICAL INSTRUMENTS 3 29290 APPRAISED VALUE X OTHER 2 4866 APPRAISED VALUE 0 0 1 1 PART I, LINE 32B: USE OF THIRD PARTIES - THE UNIVERSITY USES SECURITIES BROKERS TO SELL DONATED SECURITIES. THE FEES PAID TO THE BROKERS ARE AT OR BELOW FAIR MARKET VALUE. PART I, LINE 33: REVENUE NOT REPORTED FOR CERTAIN CONTRIBUTIONS - THE UNIVERSITY DOES NOT BOOK REVENUE FOR GIFTS OF ART, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF BROAD AUTHORITY TO A COMMITTEE - PER THE UNIVERSITY'S BYLAWS, ARTICLE XVI, SECTION 2 (IN PART), THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD-OFFICER ELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE CHARTER OR ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. THE EXECUTIVE COMMITTEE SHALL REPORT ANY ACTION IT TAKES TO THE BOARD. THESE BYLAWS OR OTHER BOARD POLICIES MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES AND THE UNIVERSITY'S PLANNING PROCESS AND PROGRESS ON PLANNING GOALS. FORM 990, PART VI, SECTION A, LINE 2 REPORTABLE RELATIONSHIPS - NEIL MORTINE AND MARTY MCDONALD HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO GOVERNING DOCUMENTS - THE UNIVERSITY'S BYLAWS WERE CHANGED IN FEBRAURY, 2023 TO DECREASE THE LENGTH OF TERMS FOR OFFICERS FROM THREE-YEAR TERMS TO TWO-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - FORM 990 IS REVIEWED BY MANAGEMENT AND PRESENTED TO THE MEMBERS OF THE INTEGRITY AND COMPLIANCE COMMITTEE BY THE OUTSIDE PUBLIC ACCOUNTING FIRM ON APRIL 2, 2024. AFTER REVIEW BY THE COMMITTEE, EACH BOARD MEMBER IS PROVIDED A FULL COPY OF THE RETURN PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES AND OFFICERS (ALL UNIVERSITY OFFICERS, KEY EMPLOYEES, AND BUDGET MANAGERS). THE POLICY REQUIRES TRUSTEES AND OFFICERS TO ACT IN THE BEST INTERESTS OF THE UNIVERSITY, SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY, AND FULLY DISCLOSE ANY CONFLICT. POTENTIAL CONFLICTS ARE REVIEWED AT THE LEVEL OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH MAY CONSULT WITH OTHER COMMITTEES OF THE BOARD IF NECESSARY. IF A CONFLICT EXISTS, THE PERSON WITH THE CONFLICT MUST ABSTAIN FROM INFLUENCING, DELIBERATING OR VOTING ON THE MATTER, AND THE ACTION OR TRANSACTION MUST BE DOCUMENTED AS BEING CLEARLY IN THE BEST INTEREST OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW OF TOP MANAGEMENT OFFICIAL - THE PRESIDENTIAL ASSESSMENT TASK FORCE OF THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE PRESIDENT'S GOALS, ACCOMPLISHMENTS, AND EVALUATION OF PERFORMANCE. THE BOARD ALSO REFERENCES COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) DATA, EVANGELICAL LUTHERAN CHURCH OF AMERICA (ELCA) PRESIDENTIAL SURVEY AND OTHER SALARY SURVEYS FOR GUIDANCE ON SALARIES FOR LIKE INSTITUTIONS. THIS PROCESS IS FORMALLY DOCUMENTED AND WAS LAST UNDERTAKEN DURING THE 2023 FISCAL YEAR. COMPENSATION REVIEW OF OTHER EMPLOYEES - WHEN A VICE PRESIDENT IS HIRED, THE HUMAN RESOURCES DEPARTMENT PROVIDES THE PRESIDENT BENCHMARK SALARY DATA TO DETERMINE THE APPROPRIATE SALARY. THE PRESIDENT MONITORS AND REVIEWS GOALS AND ACCOMPLISHMENTS OF THE VICE PRESIDENTS ON AN ON-GOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - A COPY OF THE AUDITED FINANCIAL STATEMENTS IS POSTED ON THE UNIVERSITY'S WEBSITE AS SOON AS APPROVED BY THE BOARD OF TRUSTEES. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE HR HOMEPAGE. THE BYLAWS ARE POSTED ON THE HR HOMEPAGE AND THE UNIVERSITY'S WEBPAGE. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT OBLIGATION ADJUSTMENT 164,565. ACTUARIAL CHANGE IN ANNUITY LIABILITY AND MATURITIES -221,043. CHARITABLE REMAINDER TRUSTS (3) INVESTMENTS OH N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0