2023-04-14T13:45:49-05:00 2022-05-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2021-06-01 370661494 BRADLEY UNIVERSITY BRAD 3096773117 1501 W BRADLEY AVENUE PEORIA IL 616250001 SHERYL COX COO/CFO 3096773117 2023-04-11 1 SHERYL COX 999009999 SAMUEL A CIGELNIK P00324762 3096714500 2023-04-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN STANDIFIRD 1501 W BRADLEY AVENUE PEORIA IL 616250001 241116978 0 X WWW.BRADLEY.EDU X 1897 IL BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 20 19 2856 480 741811 587746 12870205 22673041 197559076 202356077 87674055 11292232 260 114255 298103596 236435605 75123935 78842946 0 0 64894458 84552709 0 0 5745101 55940021 68859251 195958414 232254906 102145182 4180699 781363567 729570257 221114687 203889098 560248880 525681159 X BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 0 0 171445693 73263603 172029638 INSTRUCTION AND RESEARCH - PROVIDING HIGHER EDUCATION TO STUDENTS. 7192532 1046888 15790992 AUXILIARY SERVICES - PROVIDES SUPPORT SERVICES FOR STUDENTS WHICH INCLUDES HOUSING, BOOKSTORE, AND CONFERENCE FACILITIES. 7443939 8894645 FOOD SERVICES - PROVIDES BOARD (CAFETERIA SERVICES) FOR STUDENTS LIVING ON CAMPUS AND OFF CAMPUS. ALSO INCLUDES FOOD PURCHASED BY EMPLOYEES. 14062498 4532455 1878762 INTERCOLLEGIATE ATHLETICS - PROVIDES FOR INTERCOLLEGIATE ATHLETIC ACTIVITY DIVISION I SPORTS OF MEN'S BASKETBALL, TRACK, GOLF, BASEBALL, AND SOCCER AND WOMEN'S BASKETBALL, VOLLEYBALL, CROSS-COUNTRY, GOLF, SOFTBALL, AND TENNIS. 1491793 286165 OTHER EDUCATIONAL BENEFITS - PROVIDES TECHNICAL SUPPORT FOR FACULTY, STAFF AND STUDENTS, CHILDCARE CENTER FOR TRAINING OPPORTUNITIES, AND EMPLOYMENT CENTER FOR STUDENTS. 3175260 3475875 OTHER DEPARTMENT PROGRAMS - PROVIDES SERVICES FOR TRANSCRIPTS, CULTURAL PROGRAMS OFFERED TO CAMPUS AND PUBLIC, CONTINUING EDUCATION PROGRAMS, AND MISCELLANEOUS OTHER PROGRAMS. 18729551 4532455 5640802 204811715 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 264 13 1 2856 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SHERYL COX COOCFO 3096773117 1501 W BRADLEY AVENUE PEORIA IL 61625 KATHLEEN MB HOLST CHAIRMAN 5.00 X 0 0 0 JONATHAN E MICHAEL VICE CHAIRMAN 5.00 X 0 0 0 ANNE EDWARDS COTTER SECRETARY 5.00 X 0 0 0 DAVID P BOZEMAN TRUSTEE 5.00 X 0 0 0 MICHELLE MILLS CLEMENT TRUSTEE 5.00 X 0 0 0 MICHAEL N CULLINAN TRUSTEE 5.00 X 0 0 0 MELVIN FLOWERS TRUSTEE 5.00 X 0 0 0 GLENN ROSS TRUSTEE 5.00 X 0 0 0 LINDSEY R ROLSTON TRUSTEE 5.00 X 0 0 0 GEORGE E RUEBENSON TRUSTEE 5.00 X 0 0 0 KEVIN SCHOEPLEIN TRUSTEE 5.00 X 0 0 0 MICHAEL SCIMO TRUSTEE 5.00 X 0 0 0 JAMES E SHADID TRUSTEE 5.00 X 0 0 0 DEBBIE SIMON TRUSTEE 5.00 X 0 0 0 ROBIN L KELLY TRUSTEE 5.00 X 0 0 0 SHARON DESMOULIN-KHERAT TRUSTEE 5.00 X 0 0 0 RAY LAHOOD TRUSTEE 5.00 X 0 0 0 TANA UTLEY TRUSTEE 5.00 X 0 0 0 CELSO WHITE TRUSTEE 5.00 X 0 0 0 STEPHEN STANDIFIRD PRESIDENT 60.00 X 507794 0 48555 SHERYL COX COO/CFO 50.00 X 232653 0 8367 ERIN KASTBERG VP LEGAL AFFAIRS 50.00 X 210553 0 45836 WALTER ZAKAHI SENIOR VP ACADEMIC AFFAIRS 50.00 X 253534 0 40096 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 50.00 X 372191 0 49858 NATHAN THOMAS VP FOR STUDENT AFFAIRS 50.00 X 189817 0 14585 JUSTIN BALL VP ENROLLMENT MANAGEMENT 50.00 X 169862 0 43581 ERIN GENOVESE VP ADVANCEMENT 50.00 X 202143 0 23443 CHRISTOPHER JONES VP STRATEGY & INNOVATION 50.00 X 205169 0 15205 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 50.00 X 821083 0 33753 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL 50.00 X 227876 0 44807 MATTHEW O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 50.00 X 211474 0 29868 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING ENGINEERING 50.00 X 231916 0 30475 KELLY MCCONNAUGHAY INTERIM DEAN, LIBERAL ARTS & SCIENCES 50.00 X 177374 0 35393 JEFFREY BLADE FORMER CFO/COO 0.00 X 47098 0 0 JACOB HEUSER FORMER VP ADVANCEMENT 0.00 X 97207 0 15926 4157744 0 479748 149 1 1 0 NEPC LLC PO BOX 4110 WOBURN MA 01888 INVESTMENT SERVICES 273296 BB FLOORING PO BOX 8118 EAST PEORIA IL 61611 CONSTRUCTION - FLOORING 218078 CASSIDY & ASSOCIATES INC 607 14TH STREET NW SUITE 400 WASHINGTON DC 20005 LOBBYING SERVICES 210000 CLIFTONLARSONALLEN LLP 301 SW ADAMS ST STE 1000 PEORIA IL 61602 AUDIT & TAX SERVICES 165979 SHEFFTECH PRODUCTIONS LLC 150 DETROIT AVE STE B MORTON IL 61550 SPORTING EVENT PRODUCTION 157080 15 204424 13883429 8585188 426131 22673041 INSTRUCTION & RESEARCH 611600 172029638 172029638 AUXILIARY SERVICE 722210 15790992 15790992 FOOD SERVICE REVENUE 611710 8894645 8894645 DEPARTMENT PROGRAMS 611710 3475875 3475875 INTERCOLLEGIATE ATHLETICS 611710 1878762 1878762 286165 286165 202356077 15903632 689247 15214385 67229 14665 52564 52564 52564 4611400 -4611400 -4611400 -4611400 88157 36050 52107 52107 28842 19258 9584 9584 236435605 202356077 741811 10664676 78842946 78842946 3473541 1605177 1638364 230000 65614704 55200434 7944294 2469976 3080859 2533139 427320 120400 7451731 6126949 1033568 291214 4931874 4055077 684059 192738 3347547 1865318 413969 1068260 341684 341684 129150 129150 1061818 1061818 68937 68937 524818 290456 2536 231826 11856544 10537264 615577 703703 5440392 3878821 1468832 92739 15458632 12958041 2499778 813 2899491 2572289 160180 167022 189928 173065 12040 4823 4621042 4586555 34487 14950351 14950351 1832365 587709 1244656 OTHER MISCELLANEOUS 3020133 2026444 822102 171587 ATHLETICS MISCELLANEOUS 1952743 1952743 LOSS ON EXTINGUISHMENT 1163676 1163676 232254906 204811715 21698090 5745101 35443506 29926664 3265695 3675630 3223823 5076955 27418 1313522 1665744 580796665 239840542 351066755 340956123 257496448 228346707 122282197 117458561 4598375 103818 2673246 2332637 781363567 729570257 25561278 23104174 4079596 2586909 150425746 144911154 1596278 1228516 4046073 3171213 35405716 28887132 221114687 203889098 X 429835741 389438702 130413139 136242457 560248880 525681159 781363567 729570257 X 4180699 -40267782 1519362 X X 0 1 X 1 1 1 X 7586973 12475983 22203423 12870205 22673041 77809625 7586973 12475983 22203423 12870205 22673041 77809625 8758478 69051147 15211636 12740453 13716977 14137820 15214385 71021271 444359 444196 39190 -115959 741811 1553597 150384493 999740566 0.45920 0.45360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321631 X X X 0 395562588 4333808 -31406622 6001220 8218811 1170534 353099209 312877645 4650075 91694274 5414065 7332341 913000 395562588 308398725 11416273 4998917 5058010 5772939 1105321 312877645 313641208 5239666 2913687 4763227 7407220 1225389 308398725 299257226 4205899 23564600 4618137 7383342 1385038 313641208 0.50470 0.45520 0.04010 1 0 25164945 25164945 441904598 147768793 294135805 82399080 70688678 11710402 31328042 21383071 9944971 340956123 59182971 F 35016364 F MORTGAGES AND NOTES 325989 C OTHER 8327712 C REAL ESTATE & FARMS 13418066 F LIFE INSURANCE POLICIES 1187459 F 117458561 POST-RETIREMENT BENEFITS OTHER THAN PENSIONS 23604618 SWAP CONTRACT 1476088 STUDENT DEPOSITS 1482040 LEASED LIABILITIES 2324386 28887132 X 117977992 -40267782 -77128013 -117395795 235373787 1061818 1061818 236435605 152545712 195570 195570 152350142 1061818 78842946 79904764 232254906 PART III, LINE 4: COLLECTION OF ART AND OTHER HISTORICAL TREASURES INCLUDE VARIOUS SCULPTURES, PAINTINGS, AND OTHER WORKS OF ART; SEA CHART; HISTORICAL MAPS OF AMERICA; ANTIQUE WATCH FROM WHEN THE UNIVERSITY WAS A COLLEGE OF HOROLOGY; AND HISTORICAL BOOKS. THESE ITEMS ARE ON DISPLAY IN THE LIBRARY AND OTHER PARTS OF CAMPUS AND SERVE TO FURTHER THE UNIVERSITY'S EDUCATIONAL PURPOSE IN THE ARTS, HISTORY, AND THE HUMANITIES IN GENERAL. PART V, LINE 4: THE UNIVERSITY ENDOWMENT SERVES TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING SUBSTANTIAL AND SUSTAINABLE FLOW OF FUNDS TO THE OPERATING BUDGET AND RESTRICTED FUNDS IN ORDER TO SUPPORT THE LONG-TERM GOALS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE APPLICABLE U.S. AND ILLINOIS INTERNAL REVENUE CODES FOR RELATED INCOME. NO PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE UNIVERSITY BELIEVES THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -78,842,946. SWAP CONTRACT GAIN 1,714,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 78,842,946. 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 FOLLOWING STATEMENT IS CONSPICUOUSLY DISPLAYED IN ALL ADMISSIONS MATERIAL INCLUDING UNIVERSITY CATALOGS: "BRADLEY UNIVERSITY IS COMMITTED TO A POLICY OF NON-DISCRIMINATION AND THE PROMOTION OF EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF AGE, COLOR, CREED, DISABILITY, ETHNICITY, MARITAL STATUS, NATIONAL ORIGIN, RACE, RELIGION, SEX, SEXUAL ORIENTATION, OR VETERAN STATUS. THE UNIVERSITY IS ALSO COMMITTED TO COMPLIANCE WITH ALL APPLICABLE LAWS REGARDING NON-DISCRIMINATION, HARASSMENT AND AFFIRMATIVE ACTION." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED TITLE IV FEDERAL FUNDS. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 125910 0 0 0 0 0 0 125910 0 125910 1 0 0 0 1 0 PART III ACCOUNTING METHOD: AUCTION 65785 65785 11608 GOLF OUTING 22372 22372 80 5152 6253 12956 88157 88157 80 5152 6253 24564 36049 52108 28843 9134 10125 1 0.75000 28843 9134 10125 19259 9584 IL 1 0 1 0 0.00000 1.00000 CRAIG DAHLQUIST SENIOR ATH DIRECTOR - COMPLIANCEFINANCE BRADLEY UNIVERSITY 1501 W BRADLEY A PEORIA IL 61625 0 CRAIG DAHLQUIST BOOKS & RECORDS X 0 1 EMPLOYEE TUITION REMISSION 181 0 3230270 BASED ON TUITION CHARGES EMPLOYEE DISCOUNT ON TUITION AWARDS 141 70378 0 FMV UNIVERSITY GRANT & SCHOLARSHIPS 3732 0 68520196 BASED ON FORMULA GRANTS & SCHOLARSHIPS OTHER TUITION WAIVERS 30 0 355880 BASED ON TUITION CHARGES SPECIAL AFFINITY WAIVERS GRADUATE SCHOLARSHIPS 289 0 1086879 BASED ON FORMULA GRANTS & SCHOLARSHIPS ATHLETIC SCHOLARSHIPS 210 0 4532455 IN COMFORMANCE WITH NCAA GUIDELINES SCHOLARSHIPS RESIDENT HALL SCHOLARSHIPS 123 0 1046888 BASED ON ROOM AND BOARD CHARGES SCHOLARSHIPS FOR ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY UTILIZES THE POWERFAIDS FINANCIAL AID MANAGEMENT SYSTEM WHICH REQUIRES THE END USER TO TIE HIGHLY SPECIFIC ELIGIBILITY CRITERIA TO INDIVIDUAL FINANCIAL AID PROGRAMS. DURING EXECUTION OF THE AUTOMATED AWARDING MODULE WITHIN POWERFAIDS, AID IS ALLOCATED BASED ON THE PRE-ESTABLISHED CRITERIA ENSURING THAT GRANT FUNDS ARE ONLY DISTRIBUTED TO APPROPRIATE, QUALIFIED RECIPIENTS. POST AUTO-AWARDING A SERIES OF MISINFORMATION REPORTS PERFORM A STUDENT-BY-STUDENT TEST OF AWARD EFFICACY MONITORING THAT STUDENT GRANT AID HAS BEEN APPROPRIATELY DISTRIBUTED. WITHIN THE STUDENT ACCOUNTS SYSTEM AND GENERAL LEDGER STUDENT GRANT PROGRAMS EXPENDITURES ARE ASSIGNED SUB-CODES THAT UNIQUELY IDENTIFY THEM AS SUCH THUS PROHIBITING ANY INADVERTANT OR INAPPROPRIATE DISTRIBUTION. THE UNIVERSITY HAS ESTABLISHED APPROPRIATE CONTROLS THROUGH SEPARATION OF RESPONSIBILITIES AND INTERNAL AUDIT PROCEDURES THAT PRECLUDE ANY ENTITY WITHIN THE ADMINISTRATIVE STRUCTURE FROM DIVERTING STUDENT GRANT AID TO NONQUALIFIED USES. SCHEDULE I, PART III, COLUMN D THE "NON-CASH ASSISTANCE" REPORTED ARE CREDITS AGAINST STUDENT TUITION CHARGES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 733389 0 75000 0 12694 0 19950 0 13803 0 854836 0 0 0 STEPHEN STANDIFIRD PRESIDENT 373794 0 134000 0 0 0 20300 0 28255 0 556349 0 0 0 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 286169 0 70000 0 16022 0 20277 0 29581 0 422049 0 0 0 WALTER ZAKAHI SENIOR VP ACADEMIC AFFAIRS 253534 0 0 0 0 0 20028 0 20068 0 293630 0 0 0 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL 199876 0 0 0 28000 0 15182 0 29625 0 272683 0 0 0 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING EN 177280 0 0 0 54636 0 10372 0 20103 0 262391 0 0 0 ERIN KASTBERG VP LEGAL AFFAIRS 209593 0 0 0 960 0 16100 0 29736 0 256389 0 0 0 MATTHEW O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 202369 0 0 0 9105 0 15908 0 13960 0 241342 0 0 0 SHERYL COX COO/CFO 232653 0 0 0 0 0 0 0 8367 0 241020 0 0 0 ERIN GENOVESE VP ADVANCEMENT 201183 0 0 0 960 0 3450 0 19993 0 225586 0 0 0 CHRISTOPHER JONES VP STRATEGY & INNOVATION 204209 0 0 0 960 0 15050 0 155 0 220374 0 0 0 JUSTIN BALL VP ENROLLMENT MANAGEMENT 168902 0 0 0 960 0 14000 0 29581 0 213443 0 0 0 KELLY MCCONNAUGHAY INTERIM DEAN, LIBERAL ARTS & SCIENCE 177374 0 0 0 0 0 9695 0 25698 0 212767 0 0 0 NATHAN THOMAS VP FOR STUDENT AFFAIRS 188857 0 0 0 960 0 14585 0 0 0 204402 0 0 0 JACOB HEUSER FORMER VP ADVANCEMENT 97207 0 0 0 0 0 0 0 15926 0 113133 0 0 0 JEFFREY BLADE FORMER CFO/COO 34444 0 0 0 12654 0 0 0 0 0 47098 0 0 0 PART I, LINE 1A BRIAN WARDLE, MEN'S BASKETBALL COACH, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. WALTER ZAKAHI, SENIOR VP ACADEMIC AFFAIRS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. RALPH CHRISTOPHER REYNOLDS, VP ATHLETICS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE. A ILLINOIS FINANCE AUTHORITY SERIES 2008 A&B 861091967 45200FDZ9 2008-03-25 63775000 REFUND BONDS ISSUED ON 2/19/02 AND 4/17/07 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2017A & B 861091967 2017-09-19 50000000 CONSTRUCTION ON INSTRUCTIONAL BUILDING 0 0 0 C ILLINOIS FINANCE AUTHORITY SERIES 2017C 861091967 45204EWY0 2017-09-19 39500000 REFUND BONDS ISSUED ON 4/17/07 0 0 0 D ILLNOIS FINANCE AUTHORITY SERIES 2021 A&B 861091967 2021-10-28 99065000 REFUND BONDS ISSUED 3/25/08 & 9/19/17 0 0 0 A 63775000 63775000 63139738 564514 70748 2010 0 1 1 1 B 50000000 50000000 326351 49673649 2019 0 0 1 1 C 39500000 39342401 157599 2018 1 0 1 1 D 99065000 98500906 564094 2021 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION SCHEDULE K LINE 7 COLUMN B - ISSUANCE COST $564,514 X 28 396868 FAIR MARKET VALUE X 1 150 RECEIPTS X ACADEMIC SUPPORT 5 21566 FMV X FAMILY BOARD 29 7548 RECEIPTS 22 0 1 0 PART I, COLUMN (B): LINE 9: NUMBER OF EACH CONTRIBUTOR (DONORS) LINE 19: NUMBER OF CONTRIBUTORS (DONORS) LINE 25: NUMBER OF EACH SEPARATE GIFT LINE 26: NUMBER OF EACH SEPARATE GIFT FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DETAIL IS PREPARED BY THE ASSOCIATE CONTROLLER AND ASSISTANT CONTROLLER. THE ENTIRE FORM IS THEN REVIEWED AND APPROVED BY THE CHIEF OPERATIONS OFFICER. THEREAFTER, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE TRUSTEES OF THE BOARD COMPLETE CONFLICT OF INTEREST FORMS. FORMS ARE REVIEWED AND DISCLOSED TO THE EXECUTIVE COMMITTEE AS APPROPRIATE. CONFLICT OF INTEREST FORMS ARE ALSO COMPLETED ANNUALLY BY OFFICERS AND KEY EMPLOYEES. FORMS ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT'S CONFLICT OF INTEREST FORM IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEEES. FACULTY MUST CERTIFY TO THEIR DEPARTMENT CHAIRS ON AN ANNUAL BASIS THEIR COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF COMMITMENT AND CONFLICT OF INTEREST POLICIES BY COMPLETING A FORM. THE DEPARTMENT CHAIR FORWARDS THESE CERTIFICATIONS TO THE PROVOST. IF THERE IS A CONFLICT, AN AD HOC DISCLOSURE FORM IS COMPLETED. AFTER DEPARTMENT CHAIR REVIEWS, THIS FORM IS FORWARDED TO THE DEAN, THEN PROVOST FOR APPROVAL OF DETERMINATION. CERTAIN ADMINISTRATIVE AND PROFESSIONAL STAFF AT THE UNIVERSITY ARE ALSO REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS. THESE FORMS ARE THEN REVIEWED BY THEIR DIRECTORS AND FORWARDED TO THE APPROPRIATE VICE PRESIDENT FOR REVIEW, APPROVAL, AND DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S COMPENSATION BASED UPON FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. THE UNIVERSITY PRESIDENT DETERMINES COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES BASED UPON COMPENSATION SURVEYS. THIS IS THEN SUBMITTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SWAP CONTRACT GAIN 1,714,933. CHANGES IN SPLIT DOLLAR INTEREST -195,571. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.