2023-05-12T15:12:03-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2021-07-01 231526668 CABRINI UNIVERSITY CABR 6109028415 610 KING OF PRUSSIA ROAD RADNOR PA 19087 JAMES COOPER TREASURER & VP FINANCE & ADMIN 6109028415 2023-05-11 1 JAMES COOPER 999009999 LAURA J KENNEY P00202198 6177170831 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z HELEN DRINAN 610 KING OF PRUSSIA ROAD RADNOR PA 19087 73934977 0 0928 X WWW.CABRINI.EDU X 1957 PA CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. 21 20 991 40 27064 0 4297780 9883803 61443870 57247491 2383127 907597 4936362 410976 73061139 68449867 27215054 27165296 0 0 27429301 23300507 91750 116115 1718114 22921311 25220030 77657416 75801948 -4596277 -7352081 134382382 118667361 59558715 56497406 74823667 62169955 X SEE SCHEDULE O.EDUCATION OF THE HEART: CABRINI UNIVERSITY IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. THE UNIVERSITY WELCOMES LEARNERS OF ALL FAITHS, CULTURES AND BACKGROUNDS AND PREPARES THEM TO BECOME ENGAGED CITIZENS OF THE WORLD. 0 0 41665362 27165296 47929628 INSTRUCTION:CABRINI OFFERS MORE THAN 50 ACADEMIC MAJORS AND MINORS TO UNDERGRADUATE STUDENTS. THE UNIVERSITY ALSO OFFERS GRADUATE, DOCTORAL, AND PROFESSIONAL PROGRAMS IN FACE-TO-FACE, ON-LINE, HYFLEX AND HYBRID MODALITIES. THE UNIVERSITY HAS BEEN A NATIONAL LEADER AMONG HIGHER EDUCATION INSTITUTIONS IN INTEGRATING WORK FOR SOCIAL JUSTICE INTO A COLLEGE EDUCATION.DURING THE 2021-22 ACADEMIC YEAR, CABRINI ENROLLED APPROXIMATELY 1,300 UNDERGRADUATE STUDENTS AND 400 GRADUATE STUDENTS. APPROXIMATELY 500 STUDENTS EARNED BACHELORS AND MASTER'S DEGREES IN 2021. THE UNIVERSITY COUNTS MORE THAN 17,000 ALUMNI OF RECORD. 8964301 0 9317863 AUXILIARY ENTERPRISES:AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, FOOD SERVICES AND RENTAL ACTIVITIES. THE UNIVERSITY HAD 700 FULL TIME UNDERGRADUATE RESIDENTS IN THE FALL 2021 SEMESTER. 7177430 0 0 ACADEMIC SUPPORT AND STUDENT SERVICES:FOUNDED IN 1957 BY THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS (MSC) AS CABRINI COLLEGE, THE INSTITUTION BECAME CABRINI UNIVERSITY ON JULY 1, 2016. THE CHANGEOVER ALSO MARKED THE IMPLEMENTATION OF NEW ACADEMIC CENTERS FOR DEDICATED RESEARCH AND SCHOLARSHIP IN THE AREAS OF DOMESTIC VIOLENCE, IMMIGRATION, GLOBAL LEARNING, AND URBAN EDUCATION. A NEW CENTER FOR STUDENT SUCCESS WAS ALSO PUT IN PLACE TO BETTER SERVE AN INCREASINGLY DIVERSE STUDENT BODY. CABRINI OFFERS MORE THAN 50 STUDENT CLUBS AND ORGANIZATIONS IN ACADEMIC FIELDS, SPORTS, THE ARTS, INTERNATIONAL AND MULTICULTURAL ACTIVITIES, COMMUNITY SERVICE, STUDENT GOVERNMENT, PUBLICATIONS AND MEDIA, AND OTHER AREAS.(CONTINUED ON SCHEDULE O.)CABRINI IS A NCAA DIVISION III INSTITUTION THAT SPONSORS 19 VARSITY ATHLETIC PROGRAMS. CABRINI STUDENTS SECURE INTERNSHIP EXPERIENCES LOCALLY AND THROUGHOUT THE UNITED STATES AT MANY LEADING ORGANIZATIONS. 57807093 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 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 2684 0 1 991 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X X JAMES E COOPER TREASURER AND VP FINANCEADMIN 6109028275 610 KING OF PRUSSIA ROAD RADNOR PA 19087 DR DONALD TAYLOR PRESIDENT TO MAY 2022 55.00 X X 325545 0 124381 BRIAN EURY VP, COM DEV/CHIEF OF STAFF 40.00 X 194535 0 55173 CHIOMA UGOCHUKWU VP, ACADEMIC AFFAIRS / PROVOST 55.00 X 194505 0 22251 STEPHEN HIGHSMITH VP, INSTITUTIONAL ADVANCEMENT 40.00 X 164596 0 39397 ERIC OLSON VP, FINANCE & ADMIN. TO JUN 2021 55.00 X 173811 0 17112 CHRISTINE LYSIONEK VP, STUDENT LIFE TO JUN 2021 40.00 X 158248 0 10437 TODD MATTHEWS FACULTY, ORG. DEVELOPMENT 40.00 X 158318 0 8276 LEONARD PRIMIANO FACULTY, RELIG. STUDIES TO JUN 2021 40.00 X 142435 0 5669 JAMES COOPER VP, FINANCE & ADMINSTRATION 55.00 X 71408 0 9065 HELEN DRINAN INTERIM PRESIDENT JUN 2022 55.00 X X 0 0 0 AMY LAMBERT CHAIR 1.00 X X 0 0 0 WILLIAM STEMPER VICE CHAIR 1.00 X X 0 0 0 ANDREA KELLIHER SECRETARY 1.00 X X 0 0 0 GEORGE BADEY III ESQ TRUSTEE 1.00 X 0 0 0 ANNE MARIE BORNEMAN TRUSTEE 1.00 X 0 0 0 ANDREW BRADY TRUSTEE 1.00 X 0 0 0 FRANK FOX TRUSTEE 1.00 X 0 0 0 SISTER CATHERINE GARRY MSC TRUSTEE 1.00 X 0 0 0 HERNAN GUARACAO TRUSTEE 1.00 X 0 0 0 MICHAEL KAZANJIAN TRUSTEE 1.00 X 0 0 0 MICHAEL KUBACKI TRUSTEE 1.00 X 0 0 0 SISTER DIANE OLMSTEAD MSC TRUSTEE 1.00 X 0 0 0 SISTER PIETRINA RACCULGIA MSC TRUSTEE 1.00 X 0 0 0 DAVID REGN TRUSTEE 1.00 X 0 0 0 MARY BETH SENKEWICZ TRUSTEE 1.00 X 0 0 0 RACHEL SLAUGHTER TRUSTEE 1.00 X 0 0 0 SISTER LUCILLE SOUZA MSC TRUSTEE 1.00 X 0 0 0 JAMES THOMPSON TRUSTEE 1.00 X 0 0 0 ERIC TIDWELL TRUSTEE 1.00 X 0 0 0 PATRICK J WARD TRUSTEE 1.00 X 0 0 0 JOHN LAFFERTY TRUSTEE TO FEB 2022 1.00 X 0 0 0 1583401 0 291761 32 0 1 0 COLLEGIS EDUCATION INC 1415 22ND ST 22 OAK BROOK IL 60523 INFORMATION TECH- NOLOGY MANAGEMENT 2573148 SODEXO INC AND AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 2329868 CSI INTERNATIONAL INC 6700 N ANDREWS AVE 400 FORT LAUDERDALE FL 33309 JANITORIAL SERVICES 1191740 ALLIED UNIVERSAL SECURITY SERVICES 150 S WARNER RD 170 KING OF PRUSSIA PA 19406 SECURITY SERVICES 1046494 CREATIVE COMMUNICATION ASSOCIATES 2 THIRD ST SUITE 250 TROY NY 12180 MEDIA PLANNING & BUYING 964884 17 228185 7396267 2259351 167578 9883803 TUITION AND FEES 611310 47929628 47929628 ROOM AND BOARD 611310 8899550 8899550 CHILDREN'S SCHOOL TUITION 611310 343350 343350 NSF STEM SCHOLARS 611310 74963 74963 57247491 924222 924222 205382 54547 122542 32546 82840 22001 104841 22001 82840 5189253 5205878 -16625 -16625 -16625 26655 228185 124144 -97489 -97489 DIXON ATHLETIC CENTER 900099 32427 32427 BOOKSTORE COMMISSION 900099 32252 32252 REBATES 900099 4958 4958 333987 5063 328924 403624 68449867 57247491 27064 1291509 27165296 27165296 981356 981356 16950538 11854638 4289974 805926 943448 659816 238775 44857 3128860 1759451 1197750 171659 1296305 906592 328079 61634 139483 3253 136020 210 90195 90195 116115 116115 140325 140325 3021367 1523898 1427928 69541 1025418 1025418 1697112 1141822 499908 55382 3427960 355018 3014569 58373 1859700 1694187 119347 46166 743105 593030 99594 50481 222386 162162 53489 6735 2242450 1755166 438399 48885 5165973 4043407 1009948 112618 529398 529398 FOOD SERVICES 2598413 2598413 PUBLIC SAFETY 1138135 890853 222428 24854 RESIDENT ASSISTANTS 349670 349670 EVENTS AND PROGRAMS 296837 212173 42584 42080 532103 138248 391257 2598 75801948 57807093 16276741 1718114 1272642 51478 1095314 4830324 727144 714748 4250206 3436789 104223 95135 696050 660746 152092935 79354971 76950556 72737964 46223958 33515738 624644 516530 2437645 2107909 134382382 118667361 5445828 4814242 2495001 1185503 50348634 49272340 1269252 1225321 59558715 56497406 X 45868933 41825705 28954734 20344250 74823667 62169955 134382382 118667361 -7352081 -5301631 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 1116 0 1116 0 PART II-B, LINE 1: THE UNIVERSITY BELONGS TO HIGHER EDUCATION MEMBERSHIP ORGANIZATIONS TO WHICH WE PAY DUES. PARTS OF THESE DUES ARE FOR EITHER DIRECT OR INDIRECT LOBBYING ACTIVITIES. THE ESTIMATED COST FOR THESE SERVICES TO THE UNIVERSITY IS $1,116. 48000292 822280 -4515580 394340 4794902 39117750 41953130 121253 10031155 266253 3838993 48000292 43765365 123210 802083 201391 2536137 41953130 46351413 1156203 2488218 168218 6062251 43765365 46449711 1569918 2959946 400323 4227839 46351413 0.55153 0.32540 0.12307 0 0 5730590 5730590 136612578 75833713 60778865 9749767 3521258 6228509 72737964 CONDITIONAL ASSET RETIREMENT OBLIGATION 773538 REFUNDABLE GOVERNMENT LOAN FUNDS 451783 1225321 X 42379707 -5301631 2886431 279232 -2135968 44515675 140325 23793867 23934192 68449867 55033419 2886431 279232 3165663 51867756 140325 23793867 23934192 75801948 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND SCHOLARSHIPS SUPPORTED BY ITS ENDOWMENT AND FOR LONG-TERM FINANCIAL STABILITY. PROGRAMS SUPPORTED INCLUDE CENTERS THAT SUPPORT OUR MISSION, FACULTY DEVELOPMENT, AND INTERNATIONAL EXPERIENCES FOR OUR STUDENTS. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING IT IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE UNIVERSITY ENGAGES IN ACTIVITIES THAT ARE CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. THESE ACTIVITIES ARE SUBJECT TO FEDERAL AND STATE INCOME TAX. NO LOSS WAS GENERATED FROM THE ACTIVITIES IN FISCAL 2022 AND 2021. HOWEVER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY FORWARD OF $1,855,131 AVAILABLE TO OFFSET ANY TAXABLE INCOME FROM THESE UNRELATED ACTIVITIES. ACCORDINGLY, NO FEDERAL OR STATE TAX PROVISION IS REQUIRED. THE NET OPERATING LOSSES BEGAN TO EXPIRE IN 2021. THE UNIVERSITY IS REQUIRED TO DETERMINE WHETHER A TRANSACTION OR EVENT MUST BE REPORTED IN A TAX RETURN AND TO EVALUATE WHETHER A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THIS REVIEW. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL FUNDRAISING EVENT EXPENSES 124,144. DIRECT RENTAL EXPENSES 155,088. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 23,654,870. RETIREMENT AND SEVERANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 138,997. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL FUNDRAISING EVENT EXPENSES 124,144. DIRECT RENTAL EXPENSES 155,088. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 23,654,870. RETIREMENT AND SEVERANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 138,997. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S WEBSITE CONTAINS THE NON-DISCRIMINATORY POLICY, WHICH IS AVAILABLE TO ALL PUBLIC INDIVIDUALS. OUR WEBSITE IS THE MAIN POINT OF CONTACT WITH THE PUBLIC AND THE VISITS TO THIS SITE FAR EXCEED THE REACH OF PRINT PUBLICATIONS. THE POLICY CAN BE FOUND ON THE UNIVERSITY'S WEBSITE AT HTTPS://WWW.CABRINI.EDU/ABOUT/DEPARTMENTS/POLICIES/EQUAL-OPPORTUNITY-STATEM ENT. SCHEDULE E, PART I, LINE 6 CABRINI UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, COLLEGE WORK STUDY PROGRAM, TEACH GRANT PROGRAM, AND THE PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY FEDERAL AND STATE GOVERNMENTAL AGENCIES. GENERAL SUPPORT IS PROVIDED TO THE UNIVERSITY FROM THE STATE OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES. IN 2021 AND 2022, THE UNIVERSITY RECEIVED HIGHER EDUCATION EMERGENCY RELIEF FUNDS. X X X X X X X 1 LOUIS TILLEY 13 WOODSTREAM DR CHESTERBROOK PA 19087 COMMUNICATION PROGRAMMING ADVISOR AND PROSPECT CONSULTANT 0 0 60000 0 60000 PA VISIONARIES GALA 152436 144007 8429 5846 30125 15250 38605 GOLF OUTING 102404 84178 18226 2484 21100 8187 2547 254840 228185 26655 8330 21100 38312 15250 41152 124144 -97489 1 SCHOLARSHIPS 1297 24647736 0 N/A N/A HIGHER EDUCATION EMERGENCY RELIEF ACT STUDENT ASSISTANCE 916 2517560 0 N/A N/A PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO THE STUDENT'S CABRINI UNIVERSITY ACCOUNT AND APPLIED TO TUITION AND FEES. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY CABRINI UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF STUDENT CONTINUES TO DEMONSTRATE NEED, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE, AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE CABRINI UNIVERSITY POLICY. RENEWAL OF AID IS ALSO DEPENDENT ON THE AVAILABILITY OF FUNDS. SCHOLARSHIPS AND GRANTS ARE PROVIDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X X 1 1 X X X 1 1 0 0 0 0 0 0 0 DR DONALD TAYLOR PRESIDENT TO MAY 2022 314224 0 0 0 11321 0 52564 0 71817 0 449926 0 0 0 BRIAN EURY VP, COM DEV/CHIEF OF STAFF 194535 0 0 0 0 0 12706 0 42467 0 249708 0 0 0 CHIOMA UGOCHUKWU VP, ACADEMIC AFFAIRS / PROVOST 194505 0 0 0 0 0 13633 0 8618 0 216756 0 0 0 STEPHEN HIGHSMITH VP, INSTITUTIONAL ADVANCEMENT 156796 0 0 0 7800 0 7718 0 31679 0 203993 0 0 0 ERIC OLSON VP, FINANCE & ADMIN. TO JUN 2021 117119 0 0 0 56692 0 8538 0 8574 0 190923 0 0 0 CHRISTINE LYSIONEK VP, STUDENT LIFE TO JUN 2021 89341 0 0 0 68907 0 6210 0 4227 0 168685 0 0 0 TODD MATTHEWS FACULTY, ORG. DEVELOPMENT 158318 0 0 0 0 0 7776 0 500 0 166594 0 0 0 PART I, LINE 1A DR. DONALD TAYLOR, PRESIDENT - RESIDENCE FOR PERSONAL USE: THE UNIVERSITY REQUIRES ITS PRESIDENT TO LIVE IN A RESIDENCE ON CAMPUS. THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. THE ANNUAL VALUE OF THE RESIDENCE IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN (D). DR. DONALD TAYLOR, PRESIDENT - PERSONAL SERVICES: THE HOUSEKEEPING SERVICE THAT CLEANED BUILDINGS ON CAMPUS ALSO CLEANED THE PRESIDENTIAL RESIDENCE. THE COST OF THE CLEANING OF THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. DR. DONALD TAYLOR, PRESIDENT - HEALTH OR SOCIAL CLUB: THE UNIVERSITY PAID DUES FOR ONE CLUB, FOR THE USE OF ITS PRESIDENT SOLELY IN CONDUCTING UNIVERSITY BUSINESS. USE OF THE CLUB IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. PART I, LINES 4A-B FORM 990, SCHEDULE J, PART I, LINE 4A: ERIC OLSEN, VP, FINANCE & ADMINISTRATION WAS PROVIDED SEVERANCE PAY OF $56,692 WHICH IS TWO WEEKS PER YEAR OF SERVICE PER SEPARATION AGREEMENT. CHRISTINE LYSIONEK, VP, STUDENT LIFE WAS PROVIDED SEVERANCE PAY OF $68,907 WHICH IS TWO WEEKS PER YEAR OF SERVICE PER SEPARATION AGREEMENT. LEONARD PRIMIANO, FACULTY, RELIGIOUS STUDIES WAS PROVIDED SEVERANCE PAY OF $88,695 WHICH IS TWO WEEKS PER YEAR OF SERVICE PER SEPARATION AGREEMENT. FORM 990, SCHEDULE J, PART I, LINE 4B: DR. DONALD TAYLOR, PRESIDENT - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: PER EMPLOYMENT CONTRACT, THE UNIVERSITY CONTRIBUTED 10% OF BASE SALARY TO A 457(F) PLAN. IN CALENDAR YEAR 2021, A CONTRIBUTION OF $32,264 WAS MADE TO THE 457(F) PLAN. THE NON-QUALIFIED DEFERRED COMPENSATION PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. A DELAWARE COUNTY AUTHORITY 231973437 245913MP0 2017-06-20 52991164 REFUND OUTSTANDING 1999, 2003, 2007 AND OTHER CAPITAL PROJECTS 0 0 0 A 4159184 52991164 592856 25983057 26415251 2019 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DELAWARE COUNTY AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/20/2022 X 4 159247 STOCK MARKET VALUE X AUCTION ITEMS 40 8331 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): LINE 9, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FOR ALL OTHER LINES COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A THE AFFIRMATIVE VOTE OF THE CLASS A MEMBER AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE CLASS B MEMBERS PRESENT AT A DULY CONVENED MEETING AT WHICH A QUORUM IS PRESENT SHALL BE REQUIRED FOR ANY ACTION OF THE MEMBERS TO BE EFFECTIVE AND BINDING UPON THE CORPORATION. SEE THE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION A, LINE 6 FOR A DESCRIPTION OF THE MEMBERSHIP CLASSES. THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, THE BOARD CHAIR, THE BOARD VICE CHAIR, THE CHAIRS OF THE OTHER STANDING COMMITTEES AND SUCH OTHER TRUSTEES AS THE BOARD MAY DESIGNATE BY RESOLUTION. THE CHAIR OF THE BOARD SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD, EXCEPT THAT IT SHALL NOT HAVE ANY POWER OR AUTHORITY AS THE THE FOLLOWING: (A) THE GRANTING OF DEGREES; (B) THE AUTHORIZATION OF THE UNIVERSITY TO INCUR INDEBTEDNESS OR TO MAKE EXTRAORDINARY AND UNBUDGETED EXPENDITURES IN EXCESS OF SUCH AMOUNT AS IS SET FROM TIME TO TIME BY THE BOARD OF TRUSTEES; (C) THE ENTERING INTO OF ANY MATERIAL COMMITMENT AFFECTING THE CAPITAL ASSETS OF THE UNIVERSITY, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY RESOLUTION OF THE BOARD; (D) THE SUBMISSION TO THE MEMBERS OF ANY ACTION REQUIRING APPROVAL OF MEMBERS UNDER NON-PROFIT CORPORATION LAWS; (E) THE CREATION OR FILING OF VACANCIES IN THE BOARD; (F) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS; (G) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS IS AMENDABLE OR REPEAL-ABLE ONLY BY THE BOARD; (H) ACTION ON MATTERS COMMITTED BY THE BYLAWS OR A RESOLUTION OF THE BOARD EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 ALL THOSE SERVING IN THE OFFICE OF PROVINCIAL (CLASS A MEMBER) AND OF PROVINCIAL COUNCILOR (CLASS B MEMBERS) OF 'THE MISSIONARY SISTERS OF SACRED HEART OF JESUS, GUADALUPE PROVINCE' (MSC), ARE THE MEMBERS OF CABRINI UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE PROVINCIAL OF MSC (OR HER DESIGNEE) IS A REQUIRED EX-OFFICIO VOTING TRUSTEE. ALL OTHER ELECTED VOTING TRUSTEES MUST BE AFFIRMED BY A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE THE FOLLOWING: (A) ANY CHANGES RECOMMENDED BY THE BOARD OF TRUSTEES IN THE PHILOSOPHY, OBJECTIVES AND PURPOSE OF THE UNIVERSITY; (B) THE SALE OR OTHER DISPOSITION OF ASSETS OR THE CREATION OF ANY LIEN ON ASSETS; (C) THE MERGER OR CONSOLIDATION OF THE UNIVERSITY; (D) THE DISSOLUTION OF THE UNIVERSITY; (E) ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BYLAWS; (F) THE FINALISTS FOR THE OFFICE OF PRESIDENT; AND (G) THE USE OF THE NAME OF THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS IN CONNECTION WITH ANY INDEBTEDNESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED IN ITS ENTIRETY BY MEMBERS OF MANAGEMENT AND THE AUDIT, RISK, LEGAL, AND COMPLIANCE COMMITTEE OF THE BOARD (ARLC). FOLLOWING COMMITTEE REVIEW AND APPROVAL, THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS PRESENTED IN WRITTEN FORM TO THE ENTIRE BOARD. AFTER APPROVAL BY THE BOARD, THE FORM 990 WAS FORMALLY FILED WITH THE FEDERAL GOVERNMENT. FORM 990, PART VI, LINE 11A: THIS QUESTION IS REQUIRED TO BE ANSWERED NO BASED ON THE IRS INSTRUCTIONS, BECAUSE THOUGH THE FULL BOARD DOES RECEIVE AND REVIEW A COPY OF THE FORM 990 PRIOR TO THE RETURN BEING FILED, THE SCHEDULE B INFORMATION HAS BEEN REDACTED FROM THE COPY THEY ARE PROVIDED. THIS REDACTION IS CABRINI'S GOOD FAITH EFFORT TO COMPLY AND RESPECT DONOR CONFIDENTIALITY REQUESTS. IF A MEMBER OF THE BOARD WERE TO REQUEST ACCESS TO THE REDACTED INFORMATION, IT WOULD BE PROVIDED TO THEM. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES, OFFICERS, VICE-PRESIDENTS, AND OTHER KEY PERSONNEL ARE ALL SUBJECT TO THE CONFLICT OF INTEREST (COI) POLICY AND MUST COMPLETE ANNUAL COI DISCLOSURE STATEMENTS. THE PRESIDENT OF THE UNIVERSITY DETERMINES WHO SHOULD BE CONSIDERED 'OTHER KEY PERSONNEL'. THE SECRETARY OF THE BOARD (SECRETARY) REVIEWS THE ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY SHALL PROMPTLY SUBMIT TO THE CHAIR OF THE AUDIT, RISK, LEGAL COMPLIANCE COMMITTEE (ARLC) OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE ARLC, ANOTHER MEMBER OF THE ARLC, SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. THE ARLC SHALL REVIEW THE MATTER AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. IF THE ARLC DETERMINES A CONFLICT EXISTS, THERE WILL BE A FINAL REVIEW AND DECISION MADE BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: COMPENSATION FOR CABRINI UNIVERSITY'S PRESIDENT IS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE IS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES ARE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. DUE TO EXTRAORDINARY CIRCUMSTANCES IN 2020 AND BEYOND, THE PRESIDENT'S TOTAL COMPENSATION METHODOLOGY WAS ALTERED USING THE SAME COMPARATIVE DATA. THE EXECUTIVE COMPENSATION COMMITTEE AND THE PRESIDENT HAVE PRESENTED THIS ADJUSTMENT TO THE BOARD FOR APPROVAL. THE PRESIDENT'S SALARY AND OTHER COMPENSATION REQUIRES APPROVAL BY THE FULL BOARD. COMPENSATION DECISIONS FOR THE PRESIDENT ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMPENSATION COMMITTEE AND/OR BOARD MINUTES. THIS PROCESS LAST OCCURRED IN 2020. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION FOR OTHER CABRINI UNIVERSITY OFFICERS AND KEY EMPLOYEES IS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE IS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES ARE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. IN ADDITION, COMPENSATION FOR THESE EMPLOYEES IS BASED ON HOW THEIR PERFORMANCE MEASURES AGAINST THEIR ANNUAL OBJECTIVES. ONCE THE SALARY SURVEY DATA IS PRESENTED, THE PRESIDENT REVIEWS THE DATA AND APPROVES THE FINAL PAY STRUCTURE OF THE SPECIFIED POSITION. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE PRESIDENT'S RECOMMENDATIONS BUT DOES NOT APPROVE THESE EMPLOYEE'S SALARY OR OTHER COMPENSATION. THIS PROCESS LAST OCCURRED IN 2020. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FORMS 990 AND 990-T ARE AVAILABLE AT WWW.CABRINI.EDU. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. HOWEVER, THE CONFLICT OF INTEREST POLICY IS ON THE UNIVERSITY'S WEBSITE VIA THE UNIVERSITY EMPLOYEE HANDBOOK.