2024-05-13T16:56:05-07:00 2023-06-30 990 2022-07-01 362167855 DOMINICAN UNIVERSITY DOMI 7083662490 7900 Division Street River Forest IL 603051099 Mark Titzer VP of Finance 7083662490 2024-05-13 Mark Titzer 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Mark C Titzer 7900 Division Street Business Office River Forest IL 60305 117102126 0 0928 X www.dom.edu X 1901 IL As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service and participate in the creation of a more just and humane world. 30 27 1692 164 0 0 21089755 13307678 89373928 95351242 1017629 2550823 669697 850365 112151009 112060108 33930307 37637024 0 0 43580501 46030015 0 0 1960466 30353797 27424606 107864605 111091645 4286404 968463 151920412 148270222 40324693 33613924 111595719 114656298 Dominican University provides undergraduate and graduate instruction to students, and administers all of its programs without discrimination of race, color, gender, religion, national or ethnic origin, disability, age, marital status, or sexual orientation. As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service, and participate in the creation of a more just and humane world. 0 0 72170446 37637024 66385085 Instructional Support includes areas related to teaching, research and advising. The University provides rigorous education in an intellectually integrated, mission-centered educational environment with hundreds of avenues for its students at the undergraduate and graduate levels to explore career interests and experience diverse cultures and international environments. It offers more than 50 undergraduate degree options, 25 graduate degrees as well as doctoral degrees in Library and Information Science and Applied Social Justice. Students benefit from hands-on research opportunities, demanding academics, personal attention and deep interactions in classes that average 16 students. Career-enhancing opportunities include pre-professional programs, multiple master's degrees (some accelerated) at multiple locations, full- and part-time schedules, evening classes and certification and endorsement programs. 11083566 0 10195080 Academic Support is provided under the leadership of the Provost and the Associate Provost of the university, and supports the institutional areas of the university. Faculty are supported by the Center for Teaching Excellence whose mission is to support all faculty at all stages of their career as it relates to their role as teachers, student advisers, scholars, and citizens of the community and the university. Faculty committees exist to allow input and transparency into core decisions of the university. The Faculty Senate provides a central voice for all faculty. The Rebecca Crown Library provides library services to students, faculty, staff and the community. 13228098 0 12167701 Student Services is comprised of the Office of Enrollment Management (Admissions), Financial Aid Office, Dean of Students Office, Student Involvement, Student Success and Engagement, and Athletics. The Vice President for Enrollment Management oversees the Admissions, Financial Aid, and Marketing offices. This team is responsible for recruiting new and transfer students. By complying with federal and state regulations, the Financial Aid Office is responsible for packaging financial aid for students based on limits set by federal and state governance. Most students receive some form of scholarships or grants. External audits are conducted by various agencies for finance and financial aid. The Dean of Students and Student Success and Engagement Offices, which include (Wellness, Advising, Career Services, and Student Activities) work closely with students to prepare for holistic experiences. Training, tutoring, and various areas of support are the many resources that are provided. Career services help to prepare students for employment during and after their academic tenure. The Athletic Director oversees the university's 12 athletic sports and applies gender equity among the sports. The Athletic Department provides intercollegiate competition opportunities for student athletes of the university regardless of race, gender, ethnicity, or orientation. 3951640 0 6603376 Auxiliary services include student housing, campus dining, and the Performing Arts Theater. The university offers four residence halls. Housing includes a variety of options ranging from single and double rooms, to suites. Students who live in the residence halls are expected to purchase the campus meal plan; some specific exceptions are allowed. The Performing Arts Theater offers a variety of musical and theater productions. The theater productions are integrated with the Undergraduate Theater Program which supports their theater curriculum. Many students participant in the performances, assist with stage crew set up and tear down, and ticket collections. 3951640 0 6603376 100433750 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 4326 1 1 1692 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 30 27 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Doris Dumas - Associate VP Finance 7083662490 7900 Division St River Forest IL 60305 X Donna M Carroll President (former) 0.00 0 X 2623061 0 29074 Glena Temple President 50 0 X X 421171 0 31532 Roberto Curci Vice Provost and Dean of BSB 50 0 X 243906 0 39817 Genaro Balcazar Senior VP Enrollment & Marketing Strategy 50 0 X 211921 0 47059 Mark Titzer VP for Finance & Administration 50 0 X 204052 0 16869 Jeff Carlson Provost (through 6/30/22) & Professor 50 0 X 177253 0 32742 Sara Acosta VP for the University Advancement 50 0 X 171309 0 34909 Jacob Bucher Dean of College of Applied Social Sciences 50.0 0 X 147051 0 41157 Chad Rohman Dean Rosary College of Arts & Sciences 50.00 0 X 137670 0 40955 Barrington Price VP for Student Success and Engagement 50.00 0 X 158973 0 13191 Glenn Hamilton Assistant VP of Enrollment Management 50 0 X 145241 0 24600 Roberta McMahon Executive Director of Human Resources 50 0 X 134024 0 32568 Khalid Razaki Professor 30.00 0 X 148101 0 12218 Todd Kleine Chief Information Officer 50 0 X 137109 0 22824 Tamara Bland Dean of BCHS 50 0 X 152159 0 4610 Laura Niesen Provost (eff 7/8/22) 50.0 0 X 104039 0 13063 Daniel Anderson Faculty Trustee 30 0 X 65377 0 20970 William Rogalla Trustee 25 0 X 49099 0 0 Faith Echeverria Student Trustee 10 0 X 10578 0 0 Matthew Toles Trustee 10 0 X 6600 0 0 Thomas Dee Trustee 5 0 X 0 0 0 Yonhee Gordon Trustee 5 0 X 0 0 0 Steven Holli Trustee 5 0 X 0 0 0 Judith A Jewison OP Trustee 5 0 X 0 0 0 Bernadine Karge OP Trustee 5 0 X 0 0 0 Kevin M Killips-Past Chair Trustee 5 0 X 0 0 0 Joseph Moskal Trustee 5 0 X 0 0 0 Patricia A Mulcahey OP Trustee 5 0 X 0 0 0 Martin J Noll Trustee 5 0 X 0 0 0 Antonio Ortiz Trustee 5 0 X 0 0 0 Raymond C Parmer Trustee 5 0 X 0 0 0 Steven R Thomma Trustee 5 0 X 0 0 0 Hugh Toner Trustee 5 0 X 0 0 0 Bronwyn McDaniel Trustee 5 0 X 0 0 0 Kathy Scherer Trustee 5.00 0 X 0 0 0 Anne M Kohler Trustee-Chair 10 0 X X 0 0 0 Thomas D Abrahamson Trustee-Immediate Past Chair 5 0 X X 0 0 0 Mary Jo Herseth Trustee-Chair Elect 5 0 X X 0 0 0 Patricia O'Neill Baker Trustee 5 0 X 0 0 0 Paul C Darley Trustee 5 0 X 0 0 0 Martin Castro Trustee 5 0 X 0 0 0 Mark Ishaug Trustee 5 0 X 0 0 0 Sally Nieto Trustee 5 0 X 0 0 0 Tom Savage Trustee 5 0.00 X 0 0 0 Roberto Sepulveda Trustee 5 0 X 0 0 0 5448694 0 458158 52 1 1 0 Quest Food Services 2500 S Highland Ave Suite 250 Lombard IL 60148 Food services 2603375 Emcor Services Team 431 Lexington Drive Buffalo Grove IL 60089 Mechanical Services 1553331 Metro Facility Solutions 7241 W Roosevelt Forest Park IL 60130 Custodial Services 1414288 Sentinel Technologies 2550 Warrenville Road Downers Grove IL 60515 Technologies 1233093 Collegis LLC 1415 W 22nd St Suite 300 Oak Brook IL 60523 Education and Marketing Services 872874 50 X 0 0 307820 0 8140558 4859300 78876 13307678 Tuition & Fess-Undergraduate 611310 71547597 71547597 0 0 Tuition & Fess-Graduate 611310 17200269 17200269 0 0 Auxiliary Revenues 611710 6603376 6603376 0 0 0 0 0 0 95351242 3204078 0 0 3204078 0 0 0 0 0 0 0 0 0 30263 0 30263 0 0 0 0 0 0 4122437 0 4775692 0 -653255 0 -653255 0 0 -653255 82920 307820 168630 -85710 0 -85710 0 0 0 0 0 0 215000 67433 147567 0 0 147567 Student Payment Plan & Finance Fee Revenu 611710 342705 0 0 342705 Indirect Cost Recovery Revenues 611710 192027 0 0 192027 253776 0 0 253776 788508 112060108 95351242 0 3401188 0 0 35008383 35008383 2628641 2628641 0 0 2664247 1532748 955443 176056 0 0 0 0 34132471 31178582 2141750 812139 1895509 1671341 157413 66755 4776522 3805309 864040 107173 2561266 2267798 225198 68270 794527 92685 701842 0 350967 0 350967 0 86155 0 86155 0 0 0 0 0 0 0 81308 0 81308 0 1450017 694632 535361 220024 2772868 2207936 551512 13420 5917348 4374120 1106999 436229 736769 736769 0 0 0 0 0 0 946075 823980 122095 0 468290 397364 44878 26048 0 0 0 0 454268 368441 53004 32823 1439351 1253596 185755 0 0 0 0 0 3275700 2852956 422744 0 749643 666088 83555 0 Restricted Grants & Gifts 3810986 3810986 0 0 Contracted Food 2360441 2360441 0 0 Equipment & Maintenance 1560005 1531066 27410 1529 Federal HEERF Funds III-ARP Grant 169888 169888 0 0 0 0 0 0 111091645 100433750 8697429 1960466 1082 2383 16596552 5584859 1651355 2081330 4080981 5791214 0 0 0 0 0 0 0 0 885100 914956 143253815 70816636 69513496 72437179 53350941 57650809 0 0 0 5840905 3807492 151920412 148270222 6560226 5623505 0 0 129792 103691 26909214 27071809 868718 814919 0 0 0 0 0 0 5856743 0 40324693 33613924 X 61558697 63206053 50037022 51450245 111595719 114656298 151920412 148270222 X 968463 4364943 0 -81308 0 -2191519 X 0 1 X 1 1 1 X 15204042 13785939 18149617 21089755 13390598 81619951 0 0 0 0 0 0 0 0 0 0 0 0 15204042 13785939 18149617 21089755 13390598 81619951 81619951 1809928 1801968 1514417 1043890 3204078 9374281 39891 40905 0 0 0 80796 0 0 0 0 0 0 91075028 445293509 0.89618 0.9107 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X Teaching and Education 0 0 1 X 47369448 1129200 4144117 1896300 0 81308 50665157 51714503 1875534 -4714038 1425000 0 81551 47369448 40834155 2932215 9298085 1275000 0 74952 51714503 40444991 1937249 -114096 1365000 0 68989 40834155 35577238 3856756 2298346 1200000 0 87349 40444991 0.1958 0.6197 0.1845 0 0 0 78152 78152 0 117224182 52277564 64946618 0 6509877 5360690 1149187 0 15568498 13178382 2390116 0 3873106 0 3873106 72437179 0 Interest Rate Swaps Relinquished in FY 2023 0 Deferred Compensation was paid in FY 2023 0 0 X 76600910 4364943 0 0 -2272827 2092116 74508794 0 37551314 37551314 112060108 73540331 0 0 0 0 0 73540331 81308 37470006 37551314 111091645 Schedule D, Part III, Line 1 Collections, which are acquired mostly through donations, and has been since the University's inception, are not reflected in the Statements of Activities or in the Statements of Financial Position. Rather, these are displayed throughout the University. Schedule D, Part III, Line 4 The University's permanent collection of works of art are mainly for teaching, research, and exhibition. Pieces of art are tagged and logged in the inventories and archives. These collections of works of art are displayed in many places throughout the campus. Schedule D, Part IV, Line 2b Deposits on Hold from students were $340,653, and Annuity obligations were $474,266 in FY 2022-23. Schedule D, Part V, Line 4 The University's endowment provides revenue to support its mission. It consist of approximately 245 individual funds established for a variety of purposes, mostly for student scholarships. It includes donor restricted funds, funds designated by the Board of Trustees, and pledges receivable. Net assets associated with endowed funds, including funds designated by the Board of Trustees to function as endowment, are classified and reported based on the donor's intent. The University complies with the Uniformed Prudent Management of Institutional Funds (UPMIFA) to allocate the accumulations of earnings of the funds and follows the Board of Trustees approved Endowment Spending Policy. Schedule D, Part X, Line 2 The University has received a favorable determination letter from the Internal Revenue Service stating that the University is exempt from federal income taxes under the provisions of Section 501(c)3 of the Internal Revenue Code of 1986, as amended, except for income taxes pertaining to unrelated business income. Management has determined that there are no material uncertain positions that require recognition in the financial statements and does not expect that to change in the next 12 months. The University has properly not accrued any provision for income taxes for the University. There are no interest or penalties recognized in the Statements of Activities or the Statements of Financial Position. Schedule D, Part XI, Line 2d Amounts recorded on Sch D Part XI, Line 2d include the following:Return on Investments $2,472,085, the Change in FV of beneficial interests and trusts of $212,785, and the Change is swap value of -$592,754. Also adjusted out are Unrealized gains of $4,364,943. Schedule D, Part XI, Line 4b This amount represents institutional student financial aid and restricted scholarships of $37,637,024, that were netted to total revenues in the Statements of Activities for FY2022-23. It also adjusts for Fundraising expense of $85,710 Schedule D, Part XII, Line 4b This amount represents institutional student financial aid and restricted scholarships of $37,637,024, that were netted to total revenues in the Statements of Activities for FY2022-23. It also adjusts for Fundraising expense ($168,630). 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 University's nondiscrimination policy is published on the external and internal school's websites, and in general paper circulation that serves segments of the community. Also it is noted in certain emails and school brochures related to student admission and programs. Schedule E, Part I, Line 6 The University receives funds from the U.S. Department of Education for several student financial assistance programs, including the Federal Pell Grant Program, Federal Supplemental Educational Opportunity Grant Program, Federal Work-Study Program, Federal Loans, and the Teacher Education Assistance for College and Higher Education Grant Program. The University also receives various state funding from Illinois, which includes the Illinois Monetary Assistance Program (MAP). 1 Central America and the Caribbean 0 0 Investments Investments in Cayman Islands 5208380 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Scholarships to students 2487101 Sub-Saharan Africa 0 0 Grantmaking Scholarships to students 65785 Europe (including Iceland and Greenland) 0 0 Grantmaking Scholarships to students 46805 Central America and the Caribbean 0 0 Grantmaking Scholarships to students 28950 0 0 7837021 Scholarships to students North America (including Canada and Mexico, but not the United States) 115 2487101 Credited to Students' account 0 Scholarships to students Sub-Saharan Africa 2 65785 Credited to Student's account 0 Scholarships to students Europe (including Iceland and Greenland) 2 46805 Credited to Students' accounts 0 Scholarships to students Central America and the Caribbean 2 28950 Credited to Students' accounts 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 The University does not make grants outside the U.S., but rather makes institutional grants to non-U.S. students. Using an financial aid award policy for all students, the Financial Aid Office disburses institutional aid to all students who qualify, including non-U.S. students. The aid is applied directly to the student's tuition balance, and is limited to the students' cost. The monitoring of this aid is done by following policies and procedures of awarding only the amount of aid that is below the students' costs, and segregating to other departments the tasks and functions of applying any overages (which are extremely rare). Trustee Benefit Concert 390740 307820 82920 200 0 9232 81199 61600 16399 0 0 390740 307820 82920 200 0 9232 81199 61600 16399 168630 -85710 1 Institutional scholarships credited to students' tuition accounts. 1665 0 35008383 Cost The University awards scholarships to eligible students from the U.S. based on its policies. These amounts are applied as non-cash to students' tuition accounts and results in a reduction of tuition costs. These are a direct cost from the university. Schedule I, Part I, Line 2 The University receives funds from the U.S. Department of Education for several student financial assistance programs and from the state of Illinois for state grants. The university uses the FAFSA (federal form) to apply federal aid and follows institutional policies for disbursing this aid to students. All aid is disbursed to students' tuition accounts, reducing their tuition balances. The Business Office monitors these entries and posts this information to the general ledger. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Glena Temple President 395179 0 0 0 0 0 45861 0 11663 0 452703 0 0 0 Roberto Curci Vice Provost and Dean of BSB 223906 0 0 0 0 0 40000 0 19817 0 283723 0 0 0 Genaro Balcazar Senior VP Enrollment & Marketing Strategy 192921 0 0 0 0 0 36440 0 29619 0 258980 0 0 0 Mark Titzer VP for Finance & Administration 177052 0 0 0 0 0 43280 0 589 0 220921 0 0 0 Sara Acosta VP for the University Advancement 153809 0 0 0 0 0 31500 0 20909 0 206218 0 0 0 Todd Kleine Chief Information Officer 121508 0 0 0 0 0 26948 0 11478 0 159934 0 0 0 Jacob Bucher Dean of College of Applied Social Sciences 131743 0 0 0 0 0 27556 0 28910 0 188209 0 0 0 Chad Rohman Dean Rosary College of Arts & Sciences 122965 0 0 0 0 0 26180 0 29480 0 178625 0 0 0 Glenn Hamilton Assistant VP of Enrollment Management 130256 0 0 0 0 0 21781 0 17804 0 169841 0 0 0 Barrington Price VP for Student Success and Engagement 146273 0 0 0 0 0 25400 0 491 0 172164 0 0 0 Roberta McMahon Executive Director of Human Resources 113082 0 0 0 0 0 32111 0 21400 0 166593 0 0 0 Khalid Razaki Professor 122588 0 0 0 0 0 37398 0 333 0 160319 0 0 0 Jeff Carlson Provost & Professor 159579 0 0 0 0 0 31813 0 18604 0 209996 0 0 0 Donna M Carroll President (former) 232727 0 0 0 2336334 0 74915 0 8160 0 2652136 0 2624648 0 Tamara Bland Dean of BCHS 149160 0 0 0 0 0 6000 0 1610 0 156770 0 0 0 Schedule J, Part I, Line 1a Housing for the President is being provided by the university. The valuation of personal monthly lease payments are imputed and are included in the employee's taxable income. Also included in the President's taxable income, an automobile allowance is being provided on a monthly basis. These arrangements were and are authorized by the University's Board of Trustees. Schedule J, Part I, Line 3 The Board of Trustees appoints the President of the University. An external and independent search firm is engaged to bring qualified candidates for consideration. An internal search committee is formed, which is made up mostly of Trustees, certain faculty, staff and students. Qualified candidates are vetted by the internal search committee and suggested to a small group of college personnel for further review. Salaries and benefits are benchmarked among peer institutions. Once a candidate is selected, a written contract is presented to the candidate, and is signed by the candidate. Schedule J, Part I, Line 4 The former President was paid a deferred compensation agreement in calendar year 2022. This amount was never paid before, and was a direct payment to the former president. Schedule J, Part II In calendar 2022, the former president was paid out the remaining amounts of her deferred compensation, and was paid the university's accrued retirement plan benefits, valued at $2.3M; the accrued retirement benefits were accounted for in the assets and liabilities on the university's balance sheet. These amounts were accrued and vested over the former president's 27-year employment, and were never paid to the employee before year 2022. A Village of River Forest Cook County IL 366006070 2014-10-28 3074527 Bond Refinance 1 1 0 B Village of River Forest Cook County IL 366006070 2014-10-10 10000000 Bond Refinance 1 1 0 C Illinois Finance Authority 861091967 2014-08-20 19800000 Bond Refinance 1 0 0 D Illinois Finance Authority 861091967 2022-08-05 28455774 Bond Refinance 0 1 0 A 1408077 1666450 3074527 0 0 0 0 0 0 0 3074527 0 2022 1 0 1 1 B 4579817 5420183 10000000 0 0 0 0 0 0 0 10000000 0 2022 1 0 1 1 C 0 19800000 19800000 0 0 0 0 0 0 0 0 0 2022 1 0 1 1 D 830000 0 28455774 0 0 0 563542 0 0 0 28455774 0 1 0 1 1 A 0 0 0 0 0 0 0 B 1 1 1 1 0 0.02 0.02 0 0 0 C 0 0 1 1 0 0 0 0 D 0 0 1 1 0 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 C 0 0 0 1 1 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 Schedule K, Part I, Column a-10/28/2014 3,074,527 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a year 2000 Demand Revenue Bond and a year 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the year 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Revenue Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publicly traded. During August 2023, these bonds were retired, and the remaining amount was refinanced into 2022 Bonds with Illinois Finance Authority. Schedule K, Part I, Column b-10/10/2014 10,000,000 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a year 2000 Demand Revenue Bond and a year 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the year 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Revenue Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank on October 10, 2014. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publicly traded. During August 2023, these bonds were retired, and the remaining amount was refinanced into 2022 Bonds with Illinois Finance Authority. Schedule K, Part I, Column c-08/20/2014 19,800,000 Illinois Finance Authority In March 2006, the University issued $30,000,000 of 30 year adjustable-rate demand revenue bonds through the Illinois Finance Authority. In August 2014, the University refinanced the outstanding balance of the above-mentioned bond. Funding was provided through a $19,800,000 Illinois Finance Authority Revenue Refunding Bond, Series 2014. The Refunding Bond was purchased by Fifth Third Bank on August 5, 2014, and has a 10-year maturity date of year 2024. Upon completion of the purchase, the debt was unsecured, and was no longer publicly traded. During August 2023, these bonds were retired, and the remaining principal amount of $19,800,000 was refinanced into 2022 Bonds with Illinois Finance Authority. Schedule K, Part I, Column d-08/05/2022 28,455,774 Illinois Finance Authority In August 2022, the University issued Illinois Finance Authority Revenue Bond Series 2022 in the amount of $28,455,774. This issuance is for the purpose of refunding Illinois Industrial Project Revenues Bond Series 2009A and 2009B, and the Revenue Refunding Bond Series 2014. The University's obligations are to make payments bi-annual payments to Amalgamated Bank per the Note and Loan Agreement. These are fixed interest rate bonds that are unsecured obligations, with no pledge, mortgage or lien on the university's assets or revenues. Schedule K, Part IV, Line 2c-10/28/2014 3,074,527 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a year 2000 Demand Revenue Bond and a year 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the year 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Revenue Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publicly traded. During August 2023, these bonds were retired, and the remaining amount was refinanced into 2022 Bonds with Illinois Finance Authority. Schedule K, Part IV, Line 2c-10/10/2014 10,000,000 Village of River Forest Cook County IL No rebate amount is due. Schedule K, Part IV, Line 2c-08/20/2014 19,800,000 Illinois Finance Authority No rebate amount is due. X 16 68476 FMV X 1 5000 FMV X Baseball and Golf tickets 2 2700 FMV X Concert Tickets 1 1200 FMV X Year of Flowers & Food Gift Cards 2 1500 FMV 0 0 1 0 Schedule M, Part I Non-cash transactions include the number of contributors and their value of non-cash gifts. Schedule M, Part I, Line 33 The amounts in Part I, Column B represent the number of contributors. Form 990, Part VI, Section A, Line 6 The University has members. The Board of Trustee Members will consist of three to nine persons. Each member shall serve a term of that number of years determined by the Members as the length of term for Members. When vacancies among the members occur by reason of death, resignation, failure of qualification or otherwise, the number shall be reduced by such vacancies until qualified replacements are selected by the remaining members for unexpired terms. The responsibilities of the members include the following: approve the mission of the University; amend, restate or modify the Articles of Incorporation and the Bylaws of the University; approve the acquisition, purchase, sale, mortgage, lease, transfer of real property owned by the University; ratify the appointment; removal or replacement of one or more Trustees; and to approve any plan of dissolution, merger, consolidation or liquidation of the University. Each member shall be entitled to one vote on each matter submitted to a vote of the Members. Form 990, Part VI, Section A, Line 7a THE MEMBERS MAY APPOINT, IN THEIR SOLE DISCRETION, DIFFERENT MEMBERS: (A) WHEN THE MEMBERS, IN THEIR SOLE DISCRETION, DECIDE TO INCREASE THE NUMBER OF MEMBERS (WITHIN LIMITATIONS SET FORTH IN ARTICLE II, SECTION 1). (B) WHEN VACANCIES OCCUR BY REASON OF DEATH, RESIGNATION, FAILURE OF QUALIFICATION, OR OTHERWISE. AT ALL TIMES THE MEMBERS SHALL BE COMPRISED OF A MAJORITY OF PERSONS WHO ARE ELECTED OFFICIALS OF THE SINSINAWA DOMINICAN CONGREGATION. AT ALL TIMES UP TO THREE TRUSTEES MAY BE ELECTED BY THE MEMBERS OF THE CORPORATION AND SUCH TRUSTEES SHALL BE MEMBERS OF THE CORPORATION OR A SINSINAWA DOMINICAN OR OTHER INDIVIDUAL RECOMMENDED BY THE MEMBERS FOR SUCH TERMS AS MAY BE DESIGNATED BY THE MEMBERS OF THE CORPORATION (THE MEMBER DESIGNATED TRUSTEES). Form 990, Part VI, Section A, Line 7b The governance decisions are reserved to the Board of Trustees and Management of the University. The responsibilities of the Members include the following: approve the mission of the University; amend, restate or modify the Articles of Incorporation and the Bylaws of the University; approve the acquisition, purchase, sale, mortgage, lease, transfer of real property owned by the University; ratify the appointment; remove or replace one or more Trustees; and to approve any plan of dissolution, merger, consolidation or liquidation of the University. Form 990, Part VI, Section B, Line 11b The tax returns are prepared by the Management of the University and reviewed by an independent and external audit firms. These returns are provided, in advance by private email, to the Finance Committee of the Board of Trustees for review, discussion, and acceptance. The Finance Committee reviews and accepts the tax returns to be filed. By private email, a copy of the tax return is made available to all Trustees prior to being filed. Once all reviews are done, and after the Vice President for Finance/Administration's final review, the tax returns are electronically filed with the IRS Form 990, Part VI, Section B, Line 12c The University has a written Conflict of Interest Policy that has been approved by the Board of Trustees. It covers each Board of Trustee Member, Officers, and Key employees (covered members) of the University. The Policy requires, annually, that each covered member reviews the policy and discloses any possible personal, family, or business relationship that could give rise to a conflict involving the University. The scope of the conflict includes any material facts of a proposed transaction, and the covered person's interest or relationship in respect to the transaction. Management of the University follows up to ensure timely responses are received, and reviews the responses to determine whether a conflict exists. If a conflict exists, the covered member (Board of Trustees member) must excuse themselves from being included when the Committee takes action on a proposed transaction, but can be included in a quorum count. Form 990, Part VI, Section B, Line 15 Compensation for the President of the University is determined by the Board of Trustees. Annually, they determine the base compensation based on the comparability data provided by the Executive Director of Human Resources. Any bonuses and other indirect compensation is based on meeting stated goals, which are approved by the Executive Committee of the Board of Trustees and included as part of the President's contract. For all other top management positions such as officers, key employees, and academic deans, the President determines the initial compensation based on the data that the Executive Director of Human Resources gathered in relation to market data for similar positions. Annually the Vice President for Finance and Administration and the Executive Director of Human Resources reviews all compensation including the senior or top management for equity and external benchmarks. Any compensation recommendations are approved by the President and the Vice President for Finance and Administration. The compensation review process for the President, Officers, and Key employees is completed on an annual basis. Form 990, Part VI, Section C, Line 19 Dominican does not make its governing documents, conflict of interest policy, and financial statements available to the public, but they are available upon requests. Form 990, Part VII, Section A, Line 1a The former President was paid in calendar year 2022 for a deferred contract that had never been paid before in any of the 20+ years of employment. Form 990, Part VIII, Line 10a The university received donated property (condo), which it sold within 12 months of receipt. Form 990, Part XI, Line 9 The amount represents the non-operating (Other Income/Expense) items reported on the Statements of Activities for FY23. These amounts were as follow: Return on Investments in Excess of Spending Rate $2,472,085, Change in fair value of interests and trusts of $212,785, Interest Rate swap value changes of $-592,754, and Unrealized gains of $4,364.943. SINSINAWA DOMINICAN CONGREGATION 585 Country Road Sinsinawa WI 53824 390816854 Ministry WI 501 (C) (3) Line 1 N/A 0 Constance Barbantini Estate 13001 S Briar Ln Palos Heights IL 60463 846408903 Trust Beneficiary IL N/A IRREVOCABLE CHARITABLE TRUST BMO Private Bank 111 W Monroe St Chicago IL 60603 Interest in an Irrevocable Trust IL BMO Harris Bank-Trustee T 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The University timely filed an extension of Form 990, Year 2022, and the extension was approved. The deadline date to file is May 15, 2024.