2023-05-08T11:28:11-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 210634584 MONMOUTH UNIVERSITY INC MONM 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 WILLIAM CRAIG VP FOR FINANCE 7325713407 2023-05-08 1 WILLIAM CRAIG XXX-XX-XXXX DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MONMOUTH UNIVERSITY PATRICK F LEAHY 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 360860842 0 X WWW.MONMOUTH.EDU X 1948 NJ MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION (CONTINUED ON SCH. O) 27 23 2840 845 1006649 237297 18755076 25783447 228311212 234982741 8060373 6711118 589842 1555217 255716503 269032523 83857466 89770997 0 0 121545057 117261337 0 0 3111911 50707882 60395817 256110405 267428151 -393902 1604372 433315902 429689394 46044819 56070300 387271083 373619094 X SEE SCHEDULE OMONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. THROUGH ITS OFFERINGS IN LIBERAL ARTS, SCIENCES, AND PROFESSIONAL PROGRAMS, MONMOUTH UNIVERSITY EDUCATES AND PREPARES STUDENTS TO REALIZE THEIR POTENTIAL AS LEADERS AND TO BECOME ENGAGED CITIZENS IN A DIVERSE AND INCREASINGLY INTERDEPENDENT WORLD. 0 0 224642704 89770997 234982741 SEE SCHEDULE OHIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE: MONMOUTH UNIVERSITY'S 170.21-ACRE CAMPUS IS LOCATED IN WEST LONG BRANCH ALONG NEW JERSEY'S NORTHERN COASTLINE, AND APPROXIMATELY ONE HOUR FROM BOTH NEW YORK CITY AND PHILADELPHIA. MONMOUTH IS A PRIVATE UNIVERSITY THAT OFFERS INNOVATIVE ACADEMIC PROGRAMS INCLUDING 33 BACHELOR'S DEGREES, 24 MASTER'S DEGREES AND 4 DOCTORAL DEGREES THROUGH THE SIX ACADEMIC SCHOOLS OF LEON HESS BUSINESS SCHOOL, EDUCATION, HUMANITIES AND SOCIAL SCIENCES, NURSING AND HEALTH STUDIES, SCIENCE, AND SOCIAL WORK AND ALSO HAS AN HONORS SCHOOL.AT MONMOUTH UNIVERSITY, THERE ARE SIX UNIQUE ORGANIZATIONS, KNOWN AS CENTERS OF DISTINCTION, WHICH WORK TO PROMOTE AWARENESS OF SPECIFIC ISSUES AND MEET THE NEEDS OF LOCAL AND GLOBAL COMMUNITIES. MONMOUTH'S CENTERS OF DISTINCTION - THE INSTITUTE OF HEALTH AND WELLNESS (IHW), THE POLLING INSTITUTE, THE URBAN COAST INSTITUTE, THE KISLAK REAL ESTATE INSTITUTE, AND THE CENTER OF THE ARTS, THE BRUCE SPRINGSTEEN ARCHIVES AND CENTER FOR AMERICAN MUSIC- PROVIDE IMPORTANT SERVICES IN AREAS SUCH AS THE ENVIRONMENT, GLOBAL AFFAIRS, AND PUBLIC POLICY AS WELL AS HANDS-ON LEARNING OPPORTUNITIES FOR THE STUDENTS.MONMOUTH IS ACCREDITED BY THE MIDDLE STATES COMMISSION OF HIGHER EDUCATION AND HOLDS SPECIALIZED ACCREDITATIONS WITH THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), ENGINEERING ACCREDITATION COMMISSION OF ABET, COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE), COUNCIL ON SOCIAL WORK EDUCATION (CSWE), NATIONAL COUNCIL FOR ACCREDITATION FOR EDUCATOR PREPARATION (CAEP), COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS (CACREP) (MSED AND MS CLINICAL MENTAL HEALTH COUNSELING), COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH AND-LANGUAGE HEARING ASSOCIATION (ASHA) (MSED SPEECH-LANGUAGE PATHOLOGY), ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT, INC. (ARC-PA) (ACCREDITATION CONTINUED STATUS), ON THE APPROVED LIST OF THE AMERICAN CHEMICAL SOCIETY (ACS) BS CHEMISTRY WITH A CONCENTRATION IN ADVANCED CHEMISTRY) AND THE CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS IS THE COURSE SEQUENCE APPROVED BY THE BEHAVIOR ANALYST CERTIFICATION BOARD TO BE ELIGIBLE TO TAKE THE BOARD CERTIFIED BEHAVIOR ANALYST EXAMINATION.MONMOUTH'S FALL 2021 STUDENT ENROLLMENT WAS 4,080 UNDERGRADUATE (96% FULL-TIME) AND 1,356 GRADUATE STUDENTS (53% FULL-TIME) WHO REPRESENTED 34 STATES AND 33 COUNTRIES. MONMOUTH EMPLOYS 297 FULL-TIME FACULTY OF WHOM 82% HAVE EARNED THEIR TERMINAL DEGREE. MONMOUTH STUDENTS RECEIVE INDIVIDUALIZED FACULTY ATTENTION WITH A 12:1 STUDENT-TO-FACULTY RATIO AND AVERAGE CLASS SIZES OF 18 FOR UG OR 13 FOR GR. MONMOUTH'S RIGOROUS EDUCATION, WHICH HAS FOUNDATION IN THE LIBERAL ARTS AND AN EMPHASIS ON TRANSFORMATIVE LEARNING IN AND OUTSIDE OF THE CLASSROOM, INCLUDES AN EXPERIENTIAL EDUCATION DEGREE REQUIREMENT FOR ALL UNDERGRADUATE STUDENTS. THE MONMOUTH EXPERIENCE EMPHASIZES CULTURAL AND GLOBAL LITERACY IN THE CURRICULA AND THROUGH OUR STUDY ABROAD AND SERVICE LEARNING OPPORTUNITIES. MONMOUTH IS THE ONLY NEW JERSEY INSTITUTION TO OFFER THE PEACE CORPS VOLUNTARY PREPARATION PROGRAM. MONMOUTH'S FIRST-YEAR RETENTION IS 83.8% AND OUR SIX-YEAR GRADUATION RATE IS 69.2%.MONMOUTH'S BEAUTIFUL COASTAL RESIDENTIAL CAMPUS HOUSES AS MANY AS 2,050 STUDENTS ON CAMPUS OR IN UNIVERSITY-OWNED OR SPONSORED OFF-CAMPUS BUILDINGS AND SITS AT THE HEART OF A VIBRANT CULTURE RICH IN HISTORY, THE ARTS, TECHNOLOGY AND ENTREPRENEURSHIP. OUR RENOWNED FACULTY ARE ACTIVELY INVOLVED IN ADVANCING ACADEMIC RESEARCH NATIONWIDE WHILE ENCOURAGING MEANINGFUL COMMUNITY INVOLVEMENT AND CRITICAL THINKING FOR SELF-FULFILLMENT. MONMOUTH HAS 23 DIVISION I NCAA ATHLETIC TEAMS, 14 CLUB SPORTS, AND 12 INTRAMURAL SPORTS. IN ADDITION TO ATHLETICS THERE ARE OVER 130 CLUBS, 31 ACADEMIC/LEADERSHIP HONOR SOCIETIES, GREEK LIFE, A RADIO STATION, A TELEVISION STATION, AND AN AWARD WINNING STUDENT NEWSPAPER. THE ACADEMIC NEEDS OF STUDENTS ARE SUPPORTED BY THE CENTER FOR STUDENT SUCCESS WITH SERVICES THAT INCLUDE ACADEMIC ADVISING, ACADEMIC TRANSITIONS, TUTORIAL AND WRITING SERVICES AND PEER-ASSISTED LEARNING.OUR PROGRESS HAS BEEN WIDELY RECOGNIZED IN ANNUAL RANKINGS OF HIGHER EDUCATION, INCLUDING THE PRINCETON REVIEW'S LIST OF "BEST COLLEGES," MONEY MAGAZINE'S "BEST COLLEGES, AND IS A CLIMBING UNIVERSITY IN THE U.S. NEWS & WORLD REPORT FOR THE LAST EIGHTEEN YEARS. MONMOUTH UNIVERSITY IS ALSO RECOGNIZED IN WASHINGTON MONTHLY'S ANNUAL COLLEGE RANKINGS THAT ARE BASED ON OVERALL CONTRIBUTION TO THE PUBLIC GOOD IN THREE BROAD CATEGORIES: SOCIAL MOBILITY, RESEARCH AND PROVIDING OPPORTUNITIES FOR PUBLIC SERVICEFOR ADDITIONAL INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.MONMOUTH.EDU. 224642704 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 610 0 1 2840 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MARY BYRNE 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 PATRICK F LEAHY PRESIDENT 67.00 3.00 X X 834926 0 109532 JEANA M PISCATELLI TRUSTEE AND CHAIRMAN 7.00 0.00 X X 0 0 0 JOHN A BROCKRIEDE JR TRUSTEE AND VICE CHAIRMAN 3.00 0.00 X X 0 0 0 LESLIE N HITCHNER TRUSTEE AND VICE CHAIRMAN 5.00 0.00 X X 0 0 0 CHRISTOPHER D MAHER TRUSTEE AND TREASURER 5.00 0.00 X X 0 0 0 DENIS J GALLAGHER TRUSTEE AND SECRETARY (THRU 03/2022) 3.00 0.00 X X 0 0 0 MILES AUSTIN III TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL V BENEDETTO TRUSTEE 1.00 0.00 X 0 0 0 TASHA ANN YOUNGBLOOD BROWN TRUSTEE 1.00 0.00 X 0 0 0 KARYN F CUSANELLI TRUSTEE 2.00 0.00 X 0 0 0 MARY VADEN EISENSTADT TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN E GERARD TRUSTEE 1.00 0.00 X 0 0 0 JEREMY GRUNIN TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND G KLOSE TRUSTEE 2.00 0.00 X 0 0 0 GEORGE KOLBER TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 NANCY A LEIDERSDORFF TRUSTEE 1.00 0.00 X 0 0 0 DEAN Q LIN TRUSTEE 1.00 0.00 X 0 0 0 LISA MCKEAN TRUSTEE 2.00 1.00 X 0 0 0 THOMAS J MICHELLI TRUSTEE 2.00 0.00 X 0 0 0 VALERIE MONTECALVO TRUSTEE 1.00 0.00 X 0 0 0 TAVIT O NAJARIAN TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL A PLODWICK TRUSTEE 1.00 2.00 X 0 0 0 CHRISTOPHER W SHAW TRUSTEE 1.00 0.00 X 0 0 0 MARK SKESAVAGE TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 CAROL STILLWELL TRUSTEE (AS OF 07/2021) 1.00 0.00 X 0 0 0 WEBSTER B TRAMMELL JR TRUSTEE (THRU 06/2022) 2.00 0.00 X 0 0 0 JAMES S VACARRO TRUSTEE (THRU 01/2022) 1.00 0.00 X 0 0 0 MARIANNE HESSE LIFE TRUSTEE 1.00 0.00 X 0 0 0 HAROLD L HODES LIFE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM B ROBERTS LIFE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM CRAIG VP FOR FINANCE 55.00 0.00 X 312332 0 54357 PATRICIA SWANNACK - VP FOR ADMINISTRATIVE SERVICES (THRU 07/21) 55.00 0.00 X 323906 0 38520 JOHN CHRISTOPHER VP & GENERAL COUNSEL 52.00 3.00 X 270760 0 54150 ROBERT MCCAIG VP ENROLLMENT MANAGEMENT 55.00 0.00 X 258516 0 56925 EDWARD CHRISTENSEN VP/INFORMATION MANAGEMENT 55.00 0.00 X 224905 0 88945 MARY ANNE NAGY VP FOR STUDENT SERVICES 55.00 0.00 X 259094 0 22097 AMANDA M KLAUS VP UNIVERSITY ADVANCEMENT 55.00 0.00 X 228593 0 29989 PAMELA SCOTT-JOHNSON - PROVOST & SR VP ACAD. AFFAIRS (AS OF 8/21) 55.00 0.00 X 184566 0 14009 RICHARD F VEIT JR INT. DEAN - SCHOOL OF HUMANITIES 31.00 9.00 X 177138 0 100780 SUSAN GUPTA ASSOCIATE PROVOST 40.00 0.00 X 189935 0 56618 KING D RICE HEAD BASKETBALL COACH 40.00 0.00 X 525715 0 62628 DONALD MOLIVER PROFESSOR 40.00 0.00 X 295438 0 50623 THOMAS S PEARSON PROFESSOR 40.00 0.00 X 243150 0 48757 ANN MARIE MAURO DEAN - SCHOOL OF NURSING 40.00 0.00 X 246537 0 39793 KENNETH WOMACK PROFESSOR 40.00 0.00 X 229571 0 40925 LAURA MORIARTY PROFESSOR 40.00 0.00 X 220784 0 29091 MARILYN MCNEIL FORMER VP/DIRECTOR ATHLETICS 40.00 0.00 X 267621 0 41321 REKHA DATTA PROFESSOR 40.00 0.00 X 259460 0 23244 JONATHAN MEER SENIOR PHILANTHROPIC ADVISOR 18.00 18.00 X 110171 40952 50116 5663118 40952 1012420 238 1 1 0 COMPASS GROUP USA INC DBA GOURMET DIN P0 BOX 417632 BOSTON MA 022417632 FOOD SERVICE 5130271 CORPORATE INCENTIVES INC DBA CI-GROUP 291 US 22 EAST BLDG 9 LEBANON NJ 08833 ADVERTISING 1006819 GB CONTRACTING INC 63 W MAIN STREET PO BOX 5008 FREEHOLD NJ 07728 CONTRACTORS 620013 BRAUN RESEARCH 271 WALL STREET PRINCETON NJ 08540 POLLING STATS 450157 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 ENTERPRISE SYSTEMS 424932 39 39700 346203 30600 17580888 7786056 344150 25783447 TUITION AND FEES 611310 201685408 201685408 AUXILIARY ENTERPRISES 721310 28767732 28767732 OTHER 900099 4264184 3985382 278802 GOVERNMENT CONTRACTS 541700 265417 265417 234982741 2347197 195087 2152110 50923 50923 973716 0 973716 973716 341571 632145 95864885 163534 91504389 160109 4360496 3425 4363921 4363921 224408 346203 163821 60587 60587 CONF. & EVENT SERVICES 722320 163868 163868 SPONSOR ADVERTISING 541800 163361 163361 MARINE VESSEL REVENUE 532411 120889 120889 21873 21873 469991 269032523 234703939 1006649 7538488 530281 530281 89199216 89199216 41500 41500 3912729 1173819 2112874 626036 269836 54546 215290 85731452 69002693 15155139 1573620 5238207 4246785 959199 32223 15560950 12455983 2956074 148893 6548163 5179835 1288981 79347 190050 190050 232175 232175 6019 6019 1405339 1405339 12753186 9314247 3283307 155632 2081974 350190 1731784 4122220 3268925 793052 60243 1580382 256073 1324309 11972189 7877132 3948364 146693 2606685 2270674 304737 31274 618073 589711 28362 261022 261022 12253445 11436422 617447 199576 2983557 2058575 882625 42357 DUES AND MEMBERSHIPS 1997699 636992 1354019 6688 ATHL. CONF. CHANGE FEE 1605000 1605000 BOOKSTORE MATERIALS 1294045 1294045 LIBRARY MATERIALS 847224 847224 1585533 691814 884390 9329 267428151 224642704 39673536 3111911 14184 11779 10125911 13262640 9560643 10095187 1423341 1255317 660237 447324 1857959 2599461 419427694 225757597 201303229 193670097 75590964 70327586 128717334 122589715 3897563 3121329 164537 12308959 433315902 429689394 20861300 21175087 7975479 7177756 3688320 2931496 2256087 1772232 11263633 23013729 46044819 56070300 X 292264257 281527854 95006826 92091240 387271083 373619094 433315902 429689394 1604372 -15256361 0 X 0 1 X 1 1 1 X 11837677 9826236 13531426 18755076 25783447 79733862 11837677 9826236 13531426 18755076 25783447 79733862 1117873 78615989 3196486 4122316 3539824 2491288 2835178 16185092 839954 597481 440235 182281 1006649 3066600 402592 396165 252004 95625 224408 1370794 100356348 1198079483 0.78340 0.74860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM GAMING - 2017 AMOUNT: $ 50,791. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. GROSS INCOME FROM SPECIAL EVENTS - 2017 AMOUNT: $ 351,801. 2018 AMOUNT: $ 396,165. 2019 AMOUNT: $ 252,004. 2020 AMOUNT: $ 95,625. 2021 AMOUNT: $ 224,408. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 102278 0 102278 0 262910901 0 263013179 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 110619 114689 109203 102278 436789 250000 250000 250000 250000 1000000 1500000 9250 2894540 X X X X 1 137970000 4090000 -7731000 1598000 3307000 129424000 108463000 2762000 31389000 1496000 3148000 137970000 109097000 3134000 344000 1273000 2839000 108463000 100970000 4766000 7234000 1264000 2609000 109097000 90313000 6484000 7854000 1130000 2551000 100970000 0.38000 0.36000 0.26000 0 0 17726527 17726527 479000 242698113 104993542 138183571 4167428 1708361 2459067 35460357 26452281 9008076 118896269 92603413 26292856 193670097 EQUITY FUNDS 50491697 F FIXED INCOME FUNDS 15694435 F HEDGE EQUITY FUNDS 14114420 F NON-MARKETABLE FUNDS 42228583 F OTHER 60580 F 122589715 FUNDS HELD FOR OTHERS 170658 STUDENT LOAN GRANTS REFUNDABLE 2936924 ASSET RETIREMENT OBLIGATION 7682959 DUE TO AFFILIATE 10523 OPERATING LEASE LIABILITIES 12212665 23013729 X PART III, LINE 4: THE MONMOUTH UNIVERSITY PERMANENT ART COLLECTION SERVES AS A VITAL TEACHING TOOL AND IS AN INTEGRAL ASSET TO THE DEPARTMENT OF ART AND DESIGN, THE UNIVERSITY CAMPUS AS A WHOLE, AND THE VISITING PUBLIC. THROUGH COMPLIMENTING UNIVERSITY GALLERY EXHIBITIONS AND LECTURES AND WORKSHOPS BY VISITING ARTISTS AND HISTORIANS, THE UNIVERSITY COLLECTION PROVIDES STUDENTS, FACULTY AND THE GENERAL PUBLIC AT LARGE WITH ACCESS TO IMPORTANT PIECES OF ART. THE PERMANENT COLLECTION IS FREQUENTLY ON DISPLAY, SHOWCASING WORKS OF ART. THE UNIVERSITY COLLECTION IS ALSO MADE AVAILABLE TEMPORARILY, PER REQUEST, TO OTHER EDUCATIONAL INSTITUTIONS FOR EXHIBITION AND SCHOLARLY RESEARCH. FOR EXAMPLE, THE COLLECTION CONTAINS SUBSTANTIAL WORKS BY LEWIS MUMFORD AND JACOB LANDAU. WITH PROPER APPROVALS, THESE WORKS ARE MADE AVAILABLE ON LOAN TO REQUESTING INSTITUTIONS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS, FACULTY CHAIRS, INSTRUCTION, ACADEMIC SUPPORT, AND OPERATION AND MAINTENANCE OF THE PHYSICAL PLANT. PART X, LINE 2: FIN 48 THE UNIVERSITY IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE ON INCOME GENERATED BY ACTIVITIES THAT ARE SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSE. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND COULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A MORE LIKELY THAN NOT THRESHOLD. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MONMOUTH UNIVERSITY MAKES ITS RACIALLY NONDISCRIMINATORY POLICY PUBLIC THROUGH BY POSTING IT ON THE UNIVERSITY'S HOMEPAGE ON ITS WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES GRANTS FROM FEDERAL AND STATE GOVERNMENTAL AGENCIES FOR VARIOUS PURPOSES INCLUDING STUDENT FINANCIAL AID, RESEARCH AND TRAINING. GRANTING AGENCIES INCLUDE THE U.S. DEPARTMENT OF EDUCATION (INCLUDING FEDERAL DIRECT LOAN, PELL AND OTHER STUDENT FINANCIAL ASSISTANCE PROGRAMS), THE NJ HIGHER EDUCATION ASSISTANCE AUTHORITY AND THE NJ COMMISSION ON HIGHER EDUCATION (INCLUDING TUITION AID GRANT, EQUAL OPPORTUNITY FUND AND OTHER STUDENT FINANCIAL ASSISTANCE PROGRAMS), THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, US SMALL BUSINESS ADMINISTRATION, NATIONAL SCIENCE FOUNDATION, NJ DEPARTMENT OF TRANSPORTATION, NJ STATE COUNCIL OF THE ARTS, NJ DEPARTMENT OF ENVIRONMENTAL PROTECTION AND OTHER FEDERAL AND STATE AGENCIES. IN ADDITION, AS A RESULT OF THE COVID-19 PANDEMIC, THE UNIVERSITY RECEIVED AN ALLOCATION FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) ESTABLISHED UNDER THE CARES ACT TO PROVIDE EMERGENCY AID TO ELIGIBLE STUDENTS AND TO MITIGATE FINANCIAL LOSSES ASSOCIATED WITH COVID-19. (SEE SCHEDULE O - GENERAL STATEMENT REGARDING COVID-19 PANDEMIC) 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAM 54228 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 41500 CENTRAL AMERICA AND THE CARIBBEAN 0 3 PROGRAM SERVICES STUDENT RESEARCH TRIP 39443 SOUTH ASIA 0 4 PROGRAM SERVICES RECRUITMENT 12500 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES RECRUITMENT 5250 NORTH AMERICA 0 1 PROGRAM SERVICES PROFESSIONAL SERVICES 1551 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12726835 NORTH AMERICA 0 1 PROGRAM SERVICES ACADEMIC SUPPORT 1014 0 13 0 0 0 13 12882321 0 12882321 STUDY ABROAD STUDENTS EUROPE (INCLUDING ICELAND & GREENLAND) 4 41500 ELECTRONIC 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 2: MONMOUTH UNIVERSITY GRANTS, INCLUDING THOSE GRANTS RELATED TO STUDENTS PARTICIPATING IN OUR STUDY ABROAD PROGRAM, TAKE THE FORM OF SCHOLARSHIPS AWARDED BY OUR FINANCIAL AID OFFICE FOR TUITION, ROOM, BOARD AND BOOKS. THE SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH SCHOLARSHIP AND ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. CREDITING OF SCHOLARSHIPS TO STUDENT ACCOUNTS IS ADMINISTERED BY THE BURSAR'S OFFICE. THE SCHOLARSHIPS REPORTED HERE WERE GRANTED TO MONMOUTH UNIVERSITY STUDENTS WHILE THEY WERE STUDYING ABROAD AND REPORTED IN ACCORDANCE WITH THE SCHEDULE F INSTRUCTIONS AND THE IRS'S FILING TIPS. SCHEDULE F, PART IV: MONMOUTH UNIVERSITY INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE UNIVERSITY'S ACTIVITIES MAY NOT REACH THRESHOLDS REQUIRED FOR FILING FORMS 926, 5471 OR 8621. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. GOLF OUTING 322186 182368 139818 102030 412 REI DINNER 237750 163485 74265 51138 2800 2 10675 350 10325 7041 400 570611 346203 224408 102030 58591 400 2800 163821 60587 1 HUDSON RIVER FOUNDATION FOR SCIENCE AND THE ENVIRONMENT 17 BATTERY PLACE SUITE 915 NEW YORK NY 10004 133089956 501(C)(3) 375926 0 CARPII (NY/NJ HARBOR CONTAMINENT GRANT SUBRECIPIENT 1) THE CITY OF LONG BRANCH 344 BROADWAY LONG BRANCH NJ 07740 216000806 GOVERNMENT 75825 0 GENERAL SUPPORT BOROUGH OF WEST LONG BRANCH 967 BROADWAY WEST LONG BRANCH NJ 07764 216001351 GOVERNMENT 36028 0 GENERAL SUPPORT RED BANK MENS CLUB FOUNDATION 133 IRONWOOD COURT MIDDLETOWN NJ 07748 800359991 501(C)(3) 10000 0 BBB LIFE FOUNDATION GRANT SUBRECIPIENT THE TIBET FUND 241 E 32ND STREET NEW YORK NY 10016 133115145 501(C)(3) 10000 0 INT'L LEARNING EXPERIENCES 5 0 TUITION DISCOUNT 4990 77595614 AMERICAN RESCUE PLAN (HEERF III) 3054 6513348 AUXILIARY ENTERPRISE DISCOUNT 418 5084215 PRESIDENT'S RELIEF FUND GRANT 5 3234 CRRSA ACT EMERGENCY GRANTS (HEERF II) 2 2805 PART I, LINE 2: MONMOUTH UNIVERSITY GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS ARE MODEST AND ARE APPROVED BY OUR OFFICE OF PUBLIC AFFAIRS AND MONITORED BY THE PRESIDENT'S CABINET. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS TAKE THE FORM OF SCHOLARSHIPS TO OUR STUDENTS. THE SOURCE OF FUNDING OF THESE SCHOLARSHIPS MAY BE UNIVERSITY INSTITUTIONAL FUNDS, GOVERNMENT FUNDS OR DONOR FUNDS. UNIVERSITY FUNDED SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY'S ADMISSIONS OFFICE, BOTH GRADUATE AND UNDERGRADUATE, AND AWARDED USING A CALCULATION DRIVEN BY PRIOR ACADEMIC PERFORMANCE STATISTICS. GOVERNMENT FUNDED SCHOLARSHIPS ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO GOVERNMENT REGULATIONS AND AWARD CRITERIA. DONOR FUNDED SCHOLARSHIPS, WHETHER SPONSORED OR ENDOWED, ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO THE DONOR'S WRITTEN AWARD CRITERIA. THE UNIVERSITY'S DEVELOPMENT OFFICE WORKS WITH THE DONOR AT THE TIME OF THE GIFT TO ESTABLISH THE WRITTEN AWARD CRITERIA AND THESE CRITERIA ARE MAINTAINED FOR REFERENCE IN BOTH THE UNIVERSITY'S DEVELOPMENT AND FINANCIAL AID OFFICES. DURING FISCAL YEAR 2022, THE UNIVERSITY DISTRIBUTED EMERGENCY GRANTS TO STUDENTS UNDER THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, 2020 (CRRSA) AND THE AMERICAN RESCUE PLAN (ARP), AUTHORIZING FUNDING FOR HIGHER EDUCATION INSTITUTIONS AS WELL AS FUNDING TO BE DIRECTED TO QUALIFYING STUDENTS THROUGH THE HIGHER EDUCATION EMERGENCY RELIEF FUND II AND III (HEERF II AND III). THE DEPARTMENT OF EDUCATION (DOE) PROVIDED INSTITUTIONS WITH SIGNIFICANT DISCRETION FOR THE DISTRIBUTION OF THESE GRANTS. HOWEVER, THE DOE DID STIPULATE THAT THE GRANTS BE DIRECTED TO STUDENTS WITH THE MOST SIGNIFICANT FINANCIAL NEEDS ARISING FROM THE CORONAVIRUS PANDEMIC. EMERGENCY GRANTS WERE AWARDED BY THE FINANCIAL AID OFFICE USING A SYSTEM AND PROCESS TAKING INTO CONSIDERATION BOTH STUDENT'S TITLE IV ELIGIBILITY AND FINANCIAL NEED. PRESIDENT RELIEF FUND HARDSHIP GRANTS WERE ADMINISTERED BY AN INTERNAL COMMITTEE WHO REVIEWED STUDENT APPLICATIONS AND AWARDED GRANTS TO SUPPORT STUDENT HARDSHIPS, INCLUDING BUT NOT LIMITED TO, TECHNOLOGY ACCESS, FOOD INSECURITIES, AND NECESSITIES FOR DAILY LIVING. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 PATRICK F LEAHY PRESIDENT 534019 0 166667 0 134240 0 23200 0 86332 0 944458 0 0 0 KING D RICE HEAD BASKETBALL COACH 474665 0 0 0 51050 0 23200 0 39428 0 588343 0 0 0 WILLIAM CRAIG VP FOR FINANCE 306271 0 0 0 6061 0 22800 0 31557 0 366689 0 0 0 PATRICIA SWANNACK - VP FOR ADMINISTRATIVE SERVICES (THRU 07/21) 142520 0 0 0 181386 0 14399 0 24121 0 362426 0 0 0 DONALD MOLIVER PROFESSOR 257501 0 0 0 37937 0 23200 0 27423 0 346061 0 0 0 JOHN CHRISTOPHER VP & GENERAL COUNSEL 268593 0 0 0 2167 0 22039 0 32111 0 324910 0 0 0 ROBERT MCCAIG VP ENROLLMENT MANAGEMENT 257177 0 0 0 1339 0 20955 0 35970 0 315441 0 0 0 EDWARD CHRISTENSEN VP/INFORMATION MANAGEMENT 224905 0 0 0 0 0 18394 0 70551 0 313850 0 0 0 MARILYN MCNEIL FORMER VP/DIRECTOR ATHLETICS 107957 0 0 0 159664 0 11515 0 29806 0 308942 0 0 0 THOMAS S PEARSON PROFESSOR 232739 0 0 0 10411 0 19162 0 29595 0 291907 0 0 0 ANN MARIE MAURO DEAN - SCHOOL OF NURSING 218954 0 0 0 27583 0 17773 0 22020 0 286330 0 0 0 REKHA DATTA PROFESSOR 233232 0 0 0 26228 0 20682 0 2562 0 282704 0 0 0 MARY ANNE NAGY VP FOR STUDENT SERVICES 255077 0 0 0 4017 0 20554 0 1543 0 281191 0 0 0 RICHARD F VEIT JR INT. DEAN - SCHOOL OF HUMANITIES 176661 0 0 0 477 0 14953 0 85827 0 277918 0 0 0 KENNETH WOMACK PROFESSOR 227685 0 0 0 1886 0 18451 0 22474 0 270496 0 0 0 AMANDA M KLAUS VP UNIVERSITY ADVANCEMENT 228519 0 0 0 74 0 18408 0 11581 0 258582 0 0 0 LAURA MORIARTY PROFESSOR 218774 0 0 0 2010 0 17623 0 11468 0 249875 0 0 0 SUSAN GUPTA ASSOCIATE PROVOST 188072 0 0 0 1863 0 15944 0 40674 0 246553 0 0 0 JONATHAN MEER SENIOR PHILANTHROPIC ADVISOR 104922 39001 0 0 5249 1951 9025 3354 30258 7479 149454 51785 0 0 PAMELA SCOTT-JOHNSON - PROVOST & SR VP ACAD. AFFAIRS (AS OF 8/21) 134538 0 0 0 50028 0 10792 0 3217 0 198575 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL THE PRESIDENT'S CONTRACT PROVIDES THAT THE PRESIDENT MAY UTILIZE FIRST CLASS TRAVEL FOR FLIGHTS LONGER THAN TWO HOURS WHEN THE PRESIDENT IS TRAVELING ON UNIVERSITY BUSINESS. HOUSING ALLOWANCE OR RESIDENCE FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE IN A HOME LOCATED ON CAMPUS AND PROVIDED BY THE UNIVERSITY AT ITS EXPENSE. THE VALUE OF THE PRESIDENT'S RESIDENCE FOR PERSONAL USE OF $44,516 IS REPORTED AS NON-TAXABLE COMPENSATION ON FORM 990. HEALTH OR SOCIAL CLUB DUES THE BOARD OF TRUSTEES REQUIRES THE UNIVERSITY TO MAINTAIN A MEMBERSHIP WITH A LOCAL GOLF CLUB SOLELY TO BE USED FOR UNIVERSITY FUNDRAISING, FRIEND RAISING AND OTHER UNIVERSITY BUSINESS. THE PRESIDENT HELD THIS MEMBERSHIP DURING THE YEAR. THIS MEMBERSHIP IS INCLUDED AS NON-TAXABLE COMPENSATION ON FORM 990 ($11,581 FOR THE PRESIDENT). PART I, LINE 4A THE UNIVERSITY MADE SEVERANCE PAYMENTS TO TWO INDIVIDUALS LISTED IN SCHEDULE J, PATRICIA SWANNACK AND MARILYN MCNEIL, UNDER THE TERMS OF THE UNIVERSITY'S VOLUNTARY SEPARATION PROGRAM. THE SEVERANCE PAYMENTS ARE BEING REPORTED IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 THE PRESIDENT RECEIVED A BONUS UNDER THE TERMS OF HIS EMPLOYMENT CONTRACT WHICH IS MADE AT THE DISCRETION OF THE BOARD OF TRUSTEES. DIANE FITZGERALD FAM MBR OF OFFICER 58388 EMPL. COMP. 0 JAMES GAUL FAM MBR OF OFFICER 108740 EMPL. COMP. 0 ANGELA MICHELLI FAM MBR OF TRUSTEE 48162 EMPL. COMP. 0 SCOTT BELFORD FAM MBR OF TRUSTEE 54546 EMPL. COMP. 0 NAVESINK RIVER PRODUCTIONS SEE PART V 408471 USE OF FAC. 0 SCHEDULE L, PART IV: (A) NAME OF INTERESTED PERSON: NAVESINK RIVER PRODUCTIONS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: THIS COMPANY IS AN INTERESTED PERSON OF THE UNIVERSITY SINCE A TRUSTEE OWNS GREATER THAN 35% IN THE COMPANY. ALL TRANSACTIONS DISCLOSED ON SCHEDULE L ARE MADE AT ARMS-LENGTH TERMS AND NONE ARE INFLUENCED BY THE RELATIONSHIPS THAT EXIST WITH THE INTERESTED PERSONS. X 2 9250 EXPERT OPINION X 1 331500 SELLING PRICE X 2 3400 FMV ON DATE OF SALE 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES A STOCKBROKER TO SELL GIFTS OF SECURITIES. SCH M, PART I, LINE 33: THE UNIVERSITY ONLY RECORDS REVENUE FOR NON-CASH CONTRIBUTIONS MEETING THE FOLLOWING CRITERIA: 1) ITEMS ADDED TO OUR EQUIPMENT, LAND, BUILDING, LAND IMPROVEMENT AND SUPPLY INVENTORY WITH A VALUE OF $1,000 OR MORE, A USEFUL LIFE OF ONE YEAR OR MORE, AND 2) WORKS OF ART OR HISTORICAL TREASURES ADDED TO OUR COLLECTION, AND 3) SECURITIES. GENERAL STATEMENT REGARDING COVID-19 PANDEMIC: THE UNIVERSITY EXPENDED AND RECOGNIZED REMAINING FUNDS PREVIOUSLY ALLOCATED FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND II (HEEF II) ESTABLISHED UNDER THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) AND THE HIGHER EDUCATION REMEMRGENCY RELIEF FUND III (HEERF III) ESABLISHED UNDER THE AMERICAN RESCUE PLAN OF 2021. BOTH ALLOCATIONS OF THE HEERF II AND HEERF III AWARDS INCLUDE FUNDING TO PROVIDE EMERGENCY AID TO ELIGIBLE STUDENTS AND TO MITIGATE FINANCIAL LOSSES ASSOCIATED WITH COVID-19 DISRUPTIONS TO THE UNIVERSITY. DURING THE YEAR ENDING JUNE 30, 2022 THE UNIVERSITY DISBURSED $2,805 AND $6,513,348, RESPECTIVELY OF HEERF II AND HEERF III EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. FORM 990, PART VI, SECTION A, LINE 1A THERE ARE THREE CLASSES OF TRUSTEES WHO SERVE ON THE BOARD OF TRUSTEES: REGULAR TRUSTEES, LIFE TRUSTEES AND TRUSTEES EMERITI. THE CURRENT LIFE TRUSTEES WERE ELIGIBLE TO BE ELECTED TO A FIVE YEAR TERM AFTER DISTINCTIVE SERVICE ON THE BOARD FOR TWO FULL TERMS AS A REGULAR TRUSTEE; NO NEW LIFE TRUSTEES MAY BE APPOINTED. AT THE END OF THE FIVE YEAR TERM, THE LIFE TRUSTEE AUTOMATICALLY BECOMES A TRUSTEE EMERITIS. TRUSTEES EMERITI ARE ELIGIBLE TO BE ELECTED AFTER DISTINCTIVE SERVICE FOR AT LEAST TWO CONSECUTIVE TERMS WITHOUT INTERRUPTION AS A REGULAR TRUSTEE UPON RECOMMENDATION BY THE COMMITTEE ON TRUSTEES, A MAJORITY VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE AND TWO-THIRDS VOTE OF THE FULL BOARD OF TRUSTEES. TRUSTEE EMERITI MAY VOTE ON NON-FINAL MATTERS AT COMMITTEE MEETINGS BUT NOT AT FULL BOARD MEETINGS. THERE ARE THIRTEEN MEMBERS OF THE BOARD OF TRUSTEES WHO ARE TRUSTEE EMERITI. THE BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE THAT IS AUTHORIZED TO ACT ON BEHALF OF THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FOUR OFFICERS OF THE BOARD (CHAIR, VICE CHAIR, TREASURER AND SECRETARY), THE CHAIRS OF ALL STANDING COMMITTEES, TWO AT-LARGE MEMBERS OF THE BOARD APPOINTED BY THE CHAIR OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD AND THE PRESIDENT OF THE UNIVERSITY. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE MAY TAKE ANY ACTION THAT THE FULL BOARD OF TRUSTEES IS AUTHORIZED TO TAKE WITH CERTAIN EXCEPTIONS. THE EXECUTIVE COMMITTEE MAY NOT: TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE FULL BOARD OF TRUSTEES, AWARD DEGREES (OTHER THAN HONORARY DEGREES), SELECT OR APPOINT TRUSTEES OR OFFICERS, CHANGE THE UNIVERSITY'S MISSION OR PURPOSE, SELL THE UNIVERSITY'S ASSETS, ADOPT THE ANNUAL BUDGET, ALTER BYLAWS, REMOVE OR APPOINT THE PRESIDENT OR TAKE ANY ACTION SPECIFICALLY RESERVED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE ALSO HAS AUTHORITY TO PURCHASE, MANAGE AND SELL LAND, BUILDINGS AND CAPITAL EQUIPMENT, THE CONSTRUCTION OF NEW BUILDINGS AND THE RENOVATIONS OF EXISTING BUILDINGS COSTING BETWEEN $500,000 AND $1,000,000. THE EXECUTIVE COMMITTEE MAY ALSO TAKE ANY ACTION DELEGATED TO IT BY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS CHRISTOPHER MAHER AND JEANA PISCATELLI HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAS DESIGNATED THE AUDIT COMMITTEE TO BE RESPONSIBLE FOR THE REVIEW OF FORM 990 PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. THIS RESPONSIBILITY IS INCLUDED IN THE AUDIT COMMITTEE'S CHARTER. A FINAL DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE AT A REGULAR MEETING FOR THEIR REVIEW AND COMMENT. MODIFICATIONS RESULTING FROM THE REVIEW, IF ANY, ARE MADE BEFORE FILING THE FORM. IN ADDITION, AN EMAIL IS SENT OUT TO EACH MEMBER OF THE BOARD LETTING THEM KNOW THE DRAFT IS AVAILABLE FOR REVIEW AND TO ALLOW THEM AN OPPORTUNITY TO COMMENT ON IT. ALL BOARD MEMBERS RECEIVE A COPY OF THE FINAL VERSION OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS A CODE OF ETHICS, AS WELL AS A PROVISION IN ITS BYLAWS, WHICH DEALS WITH CONFLICTS OF INTEREST. ALSO, MEMBERS OF THE BOARD AND THE PRESIDENT'S CABINET OFFICERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT SETTING FORTH THEIR BUSINESS AND OTHER INTERESTS. REVIEW OF SITUATIONS TO DETERMINE A CONFLICT ARE CARRIED OUT BY THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL AND IF NECESSARY THE BOARD'S EXECUTIVE COMMITTEE. BOARD MEMBERS FOUND TO HAVE A CONFLICT ON A PARTICULAR ITEM RECUSE THEMSELVES FROM PARTICIPATING AND VOTING IN CONNECTION WITH THAT ITEM. SUCH RECUSALS ARE PLACED ON THE RECORD. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY IS SET FORTH IN THE UNIVERSITY'S EXECUTIVE COMPENSATION POLICY AND THE MONMOUTH UNIVERSITY COMPENSATION COMMITTEE DOCUMENT ENTITLED "RESPONSIBILITIES OF THE COMMITTEE AND MEMBERS OF THE COMMITTEE." PURSUANT TO THAT POLICY, THE BOARD'S COMPENSATION COMMITTEE (ALL OF WHOM ARE INDEPENDENT) AND THE VICE PRESIDENT AND GENERAL COUNSEL REVIEW COMPARABLE COMPENSATION DATA PROVIDED BY AN INDEPENDENT OUTSIDE CONSULTANT AND MAKE COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES AS TO THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES MEETINGS CONCERNING SUCH ACTIONS ARE REVIEWED AND APPROVED BY BOTH BODIES. FORM 990, PART VI, SECTION C, LINE 19 MONMOUTH UNIVERSITY DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. BRUCE SPRINGSTEEN ARCHIVES & CENTER 400 CEDAR AVENUE WEST LONG BRANCH NJ 07764 825325604 EDUCATION NJ 501(C)(3) LINE 12A, I N/A 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 BRUCE SPRINGSTEEN ARCHIVES & CENTER O 277327 COST BRUCE SPRINGSTEEN ARCHIVES & CENTER Q 302316 SELLING PRICE