2023-05-15T16:03:47-05:00 2022-06-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-07-01 520591421 ST JOHN'S COLLEGE STJO 4102632371 60 COLLEGE AVENUE ANNAPOLIS MD 21401 ALLY GONTANG-HIGHFIELD VP OF FINANCE & OPS, CFO 4106262514 2023-05-15 1 ALLY GONTANG-HIGHFIELD XXX-XX-XXXX AARON M FOX P01365820 2022274000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARK ROOSEVELT 60 COLLEGE AVENUE ANNAPOLIS MD 21401 103641369 0 X WWW.SJC.EDU X 1784 MD TO PROVIDE POST-SECONDARY EDUCATION. 38 34 968 194 0 0 32150956 32195563 35012978 44941616 1252117 23685922 79291 109381 68495342 100932482 14215320 18544281 0 0 29453965 31823285 0 0 4354243 21139965 24122860 64809250 74490426 3686092 26442056 405625235 377084479 58697832 54211583 346927403 322872896 X ST. JOHN'S DISTINCTIVE LIBERAL ARTS CURRICULUM AND EDUCATIONAL PRACTICES HAVE LONG GIVEN IT A HIGHLY RESPECTED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. ITS STRONG COMMITMENT TO COLLABORATIVE INQUIRY AND TO THE STUDY OF ORIGINAL TEXTS MAKES ST. JOHN'S COLLEGE A PARTICULARLY VIBRANT COMMUNITY OF LEARNING. THROUGH CLOSE ENGAGEMENT WITH THE WORKS OF SOME OF THE WORLD'S GREATEST WRITERS AND THINKERS, UNDERGRADUATE AND GRADUATE STUDENTS AT ST. JOHN'S COLLEGE GRAPPLE WITH FUNDAMENTAL QUESTIONS THAT CONFRONT US AS HUMAN BEINGS. 0 0 57780953 18544281 45063332 GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 900 STUDENTS. 57780953 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 156 0 1 968 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 38 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD NM X ALLY GONTANG-HIGHFIELD 4106262514 60 COLLEGE AVENUE ANNAPOLIS MD 21401 MARK ROOSEVELT PRESIDENT - SANTA FE 35.00 X X 339144 0 118683 JOSEPH MACFARLAND DEAN - ANNAPOLIS 35.00 X X 172167 0 31153 WALTER STERLING DEAN - SANTA FE 35.00 X X 139892 0 42720 NORA DEMLEITNER PRESIDENT - ANNAPOLIS - AS OF 01/2022 35.00 X X 0 0 0 RONALD H FIELDING CHAIR 1.00 X 0 0 0 LESLIE JUMP VICE CHAIR 1.00 X 0 0 0 JOAN M HARATANI SECRETARY 1.00 X 0 0 0 MARTI ACOSTA MEMBER 1.00 X 0 0 0 STEVEN BOHLIN MEMBER 1.00 X 0 0 0 SAMUEL B DAVIDOFF MEMBER 1.00 X 0 0 0 GIGI ESCALANTE EX-OFFICIO 1.00 X 0 0 0 MICHELE C FARQUHAR MEMBER 1.00 X 0 0 0 STEPHAN J FORMAN MEMBER 1.00 X 0 0 0 CAROLINE GORMAN MEMBER 1.00 X 0 0 0 MICHELLE LUJAN GRISHAM EX-OFFICIO 1.00 X 0 0 0 RICHARD GROENENDYKE JR MEMBER 1.00 X 0 0 0 LAWRENCE J HOGAN EX-OFFICIO 1.00 X 0 0 0 LESLIE M KAY MEMBER 1.00 X 0 0 0 JOEL KLEIN MEMBER 1.00 X 0 0 0 THOMAS R KRAUSE MEMBER 1.00 X 0 0 0 DONALD LEOPOLD MEMBER 1.00 X 0 0 0 PERRY A LERNER MEMBER 1.00 X 0 0 0 AUSTIN LIGON MEMBER 1.00 X 0 0 0 RICHARD LINCER MEMBER 1.00 X 0 0 0 PETER MARBER MEMBER 1.00 X 0 0 0 ROB MASS MEMBER 1.00 X 0 0 0 ELIZABETH POWERS MEMBER 1.00 X 0 0 0 KAREN PRITZKER MEMBER 1.00 X 0 0 0 KEN RESNICK MEMBER 1.00 X 0 0 0 JOSHUA ROGERS MEMBER 1.00 X 0 0 0 PAMELA SAUNDERS-ALBIN MEMBER 1.00 X 0 0 0 SUSAN SHAMOS MEMBER 1.00 X 0 0 0 SARAH SHEPHERD MEMBER 1.00 X 0 0 0 SARAH SMART MEMBER 1.00 X 0 0 0 WARREN J SPECTOR MEMBER 1.00 X 0 0 0 ADRIAN TREVISAN MEMBER 1.00 X 0 0 0 JOHANNA WILSON MEMBER 1.00 X 0 0 0 DELORES E WOLF MEMBER 1.00 X 0 0 0 KELLY BROWN VP OF ADVANCEMENT - ANNAPOLIS 35.00 X 158861 0 58604 MICHAEL DURAN TREASURER - SANTA FE & CFO 35.00 X 169379 0 41365 RIMA ALLY GONTANG-HIGHFIELD TREASURER - ANNAPOLIS 35.00 X 149903 0 39451 BENJAMIN BAUM VP OF ENROLLMENT 35.00 X 170000 0 10700 PHELOSHA M COLLAROS VP OF DEVELOPMENT & ALUMNI RELATIONS-SF 35.00 X 136437 0 22213 CAROL CARPENTER VP OF COMMUNICATIONS 35.00 X 120948 0 18770 NATHAN DUGAN ASSISTANT DEAN 35.00 X 128119 0 50994 SCOTT GREATOREX EXECUTIVE DIRECTOR OF MAJOR GIFTS 35.00 X 144320 0 24172 EMILY LANGSTON ASSOC. DEAN, GRAD. INSTITUTE (AN) 35.00 X 125341 0 35908 DAVID TOWNSEND TUTOR 35.00 X 143601 0 16132 KENNETH BRENT WOLFE TUTOR 35.00 X 124946 0 23939 PANAYIOTIS PETER KANELOS FORMER PRESIDENT - ANNAPOLIS 0.00 X 150919 0 67443 2373977 0 602247 30 1 1 0 AMERESCO PO BOX 419135 BOSTON MA 02241 PROJECT MANAGEMENT 6296333 BON APPETIT PO BOX 417632 BOSTON MA 02241 DINING SERVICES 2026219 SAGE DINING SERVICE 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1677098 AR MARANI INC 7500 HARFORD ROAD BALTIMORE MD 21234 CAMPUS IMPROVEMENT 998106 KEZLO GROUP LLC PO BOX 419 COCHRANVILLE PA 19330 CAMPUS IMPROVEMENT 581653 31 5483397 26712166 1551891 32195563 TUITION AND FEES 611710 33417913 33417913 ROOM AND BOARD FEES 611710 9712775 9712775 OTHER PROGRAM SERVICES 611710 1490581 1490581 AUXILIARY ENTERPRISES 611710 320347 320347 44941616 10937113 10937113 15021550 169 2272910 0 12748640 169 12748809 12748809 14650 26985 -12335 -12335 530708 408992 121716 121716 100932482 45063332 0 23673587 15287957 15287957 3256324 3256324 2121382 568332 1177223 375827 22960978 18357445 2736969 1866564 1092892 898990 106169 87733 4000585 2487508 1269445 243632 1647448 1284660 243888 118900 158493 158493 243139 243139 1328129 1328129 3797431 2122008 1343626 331797 708117 131078 883 576156 2766855 1664757 844241 257857 576105 153787 313529 108789 1533893 1457824 70929 5140 500996 319164 49259 132573 459769 213552 171509 74708 4108421 3891815 197928 18678 545520 2054 498279 45187 DINING HALL 4055921 4055921 OTHER 1988032 1570409 352905 64718 DEBT EXPENSE 1290284 597 1248687 41000 LECTURES, EVENTS & REL. 61755 56771 4984 74490426 57780953 12355230 4354243 42978 52421 10708836 7266951 54824979 62044028 184687 228340 4282694 3754655 371242 341934 431901 827242 182851398 88804658 88579040 94046740 57879159 68187491 186891677 138827772 1428042 1506905 405625235 377084479 25209510 21510020 394506 246699 1720704 1952348 31003088 30128786 370024 373730 58697832 54211583 X 43481644 44480968 303445759 278391928 346927403 322872896 405625235 377084479 X 26442056 -53386017 2889454 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X RARE AND OLD LIBRARY BOOKS 0 283938163 7157367 -31272878 5215208 7738733 246868711 234012897 15235593 48129730 4690486 8749571 283938163 217294158 13818934 14217964 4227401 7090758 234012897 201121267 21273507 5846049 5123672 5822993 217294158 195698784 6203077 7763088 3886220 4657462 201121267 0.03437 0.88970 0.07593 1 0 4886666 4886666 165330587 78746241 86584346 11504446 10058417 1446029 1129699 1129699 94046740 GLOBAL EQUITY FUNDS 49635820 C HEDGE FUNDS 40874138 C PRIVATE EQUITY FUNDS 47251871 C CHARITABLE REMAINDER TRUSTS 1065943 C 138827772 DEFERRED BOND ISSUE COSTS -444097 UNAMORTIZED BOND PREMIUM -665960 ASSET RETIREMENT OBLIGATIONS 1483787 373730 X 28110032 -53386017 435977 -52950040 81060072 1328129 18544281 19872410 100932482 55053993 435977 435977 54618016 1328129 18544281 19872410 74490426 PART III, LINE 4: SANTA FE THE COLLEGE'S ARTWORK COLLECTION, AS WELL AS ITS LIBRARY BOOK COLLECTION, FURTHERS THE MISSION OF THE COLLEGE BY EXPOSING STUDENTS TO NEW IDEAS AND CONCEPTS THROUGH BOTH THE VISUAL AND WRITTEN FORM. THE COLLECTION MODELS FOR OUR STUDENTS THE EXCELLENCE, DEPTH OF THOUGHT, AND CREATIVITY THAT IS CELEBRATED BY THE ST. JOHN'S COMMUNITY. ANNAPOLIS THE COLLECTION IS AN ECLECTIC ASSEMBLAGE OF FINE AND DECORATIVE ART OBJECTS THAT HAVE BEEN GIVEN TO THE COLLEGE OVER THE YEARS. THIS COLLECTION RANGES FROM UNFRAMED REPRODUCTION POSTERS TO FINE CHINESE SILK PAINTINGS. MANY OF THESE OBJECTS ARE ON DISPLAY THROUGHOUT CAMPUS AND ENRICH CLASSROOM, COMMON, AND OFFICE SPACES. PART V, LINE 4: ENDOWMENT FUNDS ARE DONOR RESTRICTED AND ARE USED TO FUND FACULTY AND STUDENT FINANCIAL AID. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 26,985. COST OF GOODS SOLD 408,992. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,544,281. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 408,992. SPECIAL EVENTS EXPENSES 26,985. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,544,281. PART V, LINE 1B, COLUMN (E): THE ENDOWMENT SCHEDULE WAS RESTATED IN FY19 FOR THE INCLUSION OF PLEDGES, WHICH IS CONSISTENT WITH THE PRESENTATION IN THE AUDITED FINANCIAL STATEMENTS. 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 ST. JOHN'S COLLEGE NONDISCRIMINATION POLICY CAN BE FOUND IN BOTH ITS RECRUITMENT MATERIALS AND IN ITS STUDENT HANDBOOK. THE HANDBOOK IS DISTRIBUTED TO STUDENTS AS PART OF THE REGISTRATION PROCESS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDING FROM THE FOLLOWING SOURCES: PELL, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, GUARANTEED STUDENT LOAN, THE STATE OF MARYLAND, AND THE STATE OF NEW MEXICO. ALL ASSISTANCE IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 459520 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 9558 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1212193 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 706532 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 37295 NORTH AMERICA 0 0 GRANTMAKING 57606 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 263985 SOUTH AMERICA 0 0 GRANTMAKING 106932 SOUTH ASIA 0 0 GRANTMAKING 555810 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 306413 0 0 0 0 0 0 2853621 862223 3715844 SCHOLARSHIPS & ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 1 9558 SCHOLARSHIPS & ASSISTANCE EAST ASIA AND THE PACIFIC 62 1212193 SCHOLARSHIPS & ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 28 706532 SCHOLARSHIPS & ASSISTANCE MIDDLE EAST AND NORTH AFRICA 1 37295 SCHOLARSHIPS & ASSISTANCE NORTH AMERICA 4 57606 SCHOLARSHIPS & ASSISTANCE RUSSIA AND NEIGHBORING STATES 8 263985 SCHOLARSHIPS & ASSISTANCE SOUTH AMERICA 4 106932 SCHOLARSHIPS & ASSISTANCE SOUTH ASIA 19 555810 SCHOLARSHIPS & ASSISTANCE SUB-SAHARAN AFRICA 11 306413 1 0 0 0 1 0 PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS TO INTERNATIONAL STUDENTS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. PART III ACCOUNTING METHOD: HOMECOMING CAMPUS WIDE 14650 14650 26985 14650 14650 26985 26985 -12335 1 SJC GRANTS (UNDERGRADUATE) 796 12779874 SJC GRANTS (GRADUATE) 153 1092184 FEDERAL PELL GRANT PROGRAM 201 994390 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 193 320734 MARYLAND STATE SCHOLARSHIP 22 94024 NEW MEXICO STATE INCENTIVE GRANTS 4 6751 PART I, LINE 2: THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK ROOSEVELT PRESIDENT - SANTA FE 297053 0 0 0 42091 0 17690 0 100993 0 457827 0 0 0 PANAYIOTIS PETER KANELOS FORMER PRESIDENT - ANNAPOLIS 150919 0 0 0 0 0 8620 0 58823 0 218362 0 0 0 KELLY BROWN VP OF ADVANCEMENT - ANNAPOLIS 158861 0 0 0 0 0 10370 0 48234 0 217465 0 0 0 MICHAEL DURAN TREASURER - SANTA FE & CFO 169379 0 0 0 0 0 14628 0 26737 0 210744 0 0 0 JOSEPH MACFARLAND DEAN - ANNAPOLIS 141562 0 30605 0 0 0 9098 0 22055 0 203320 0 0 0 RIMA ALLY GONTANG-HIGHFIELD TREASURER - ANNAPOLIS 149903 0 0 0 0 0 9760 0 29691 0 189354 0 0 0 WALTER STERLING DEAN - SANTA FE 136486 0 3406 0 0 0 11937 0 30783 0 182612 0 0 0 BENJAMIN BAUM VP OF ENROLLMENT 170000 0 0 0 0 0 10370 0 330 0 180700 0 0 0 NATHAN DUGAN ASSISTANT DEAN 114073 0 0 0 14046 0 7371 0 43623 0 179113 0 0 0 SCOTT GREATOREX EXECUTIVE DIRECTOR OF MAJOR GIFTS 144320 0 0 0 0 0 7154 0 17018 0 168492 0 0 0 EMILY LANGSTON ASSOC. DEAN, GRAD. INSTITUTE (AN) 118126 0 0 0 7215 0 7729 0 28179 0 161249 0 0 0 DAVID TOWNSEND TUTOR 96748 0 81 0 46772 0 6133 0 9999 0 159733 0 0 0 PHELOSHA M COLLAROS VP OF DEVELOPMENT & ALUMNI RELATIONS-SF 136437 0 0 0 0 0 8693 0 13520 0 158650 0 0 0 PART I, LINE 1A THE PRESIDENTS OF THE ANNAPOLIS (PANO KANELOS) AND SANTA FE (MARK ROOSEVELT) CAMPUSES ARE PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE PRESIDENT RESIDE IN THE HOUSE PROVIDED. THE PRESIDENTS' HOMES ARE USED FOR MANY COLLEGE ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND COLLEGE SUPPORTERS. FOR THE CALENDAR YEAR 2021, THE CALCULATED NONTAXABLE BENEFIT RECEIVED BY EACH PRESIDENT FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $35,050 AND $68,590 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPER AND MAIDS ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. A PUBLIC FINANCE AUTHORITY 273866124 74442PCE3 2016-05-10 23866212 REFUNDED 1998, 2007B, AND 2011 SERIES BONDS, NEW MONEY 0 0 0 B MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY 520936091 57421CAS3 2020-07-27 8816046 REFUNDED 2007A&B BONDS, NEW MONEY, REFINANCE 0 0 0 A 2490000 23866212 7820877 477324 8629341 6976916 2018 0 0 0 1 B 620000 8816046 653400 3506230 77619 5000000 2023 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 PART IV - NO REBATE DUE BOND A THE REBATE COMPUTATION FOR THE CITY OF ANNAPOLIS MARYLAND SERIES A&B BOND WAS PERFORMED ON JUNE 7, 2013. BOND B THE REBATE COMPUTATION FOR THE 2016 PUBLIC FINANCE AUTHORITY BOND WAS PERFORMED ON APRIL 30, 2019 AND NO REBATE LIABILITY EXISTS. 26250 GRANT TUITION ASSISTANCE X 30 1551891 AVERAGE OF HIGH/LOW 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FULL FORM 990 IS FURNISHED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. THE COMMITTEE WILL CONDUCT A REVIEW OF THE 990. UPON DISCUSSION AND REVIEW, THE COMMITTEE WILL MOTION AND APPROVE THE ACCEPTANCE OF THE FORM 990 AND POST A COPY OF THE COMPLETED 990 (EXCLUDING SCHEDULE B) ON A SECURE PORTAL FOR FULL BOARD REVIEW. THE AUDIT AND COMPLIANCE COMMITTEE WILL ALSO GRANT THE CHIEF FINANCIAL OFFICER PERMISSION TO PROCEED WITH SIGNING AND FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND COMPLIANCE IS ENFORCED THROUGH A YEARLY STATEMENT ALONG WITH THE COLLEGE'S POLICY BEING DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES FOR REVIEW AND SIGNATURE. THE SIGNED STATEMENTS ARE RETURNED TO BOTH THE PRESIDENT OF THE ANNAPOLIS CAMPUS AND THE PRESIDENT OF THE SANTA FE CAMPUS FOR REVIEW AND FOLLOW-UP. ANY POTENTIAL CONFLICTS ARE DISCUSSED BETWEEN THE PARTIES AND A RESOLUTION IS MADE TO RESOLVE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WITH RESPECT TO THE DETERMINATION OF COMPENSATION OF THE COLLEGE OFFICERS (VICE PRESIDENTS AND TREASURERS), THE PRESIDENTS ARE ADVISED BY THE HUMAN RESOURCE DIRECTORS, WHO GATHER RELEVANT POSITION INFORMATION FOR CONSIDERATION SUCH AS SALARY HISTORY AND COMPETITIVE MARKET DATA. NEWLY CREATED OR ADJUSTED POSITION DESCRIPTIONS ARE EVALUATED IN THE COLLEGE'S HRIS, COMPEASE, WHICH INDICATES APPROPRIATE PAY GRADE. STARTING SALARY OFFERS ARE APPROPRIATE TO POSITION DESCRIPTION AND PAY GRADE. SALARIES FOR THE DEANS OF THE COLLEGE ARE BASED ON A FORMULA CALCULATED AND APPROVED HISTORICALLY BY THE FACULTY COMPENSATION COMMITTEE, WHICH IS AN ESTABLISHED COMMITTEE COMPRISED OF ELECTED FACULTY PEERS PER THE COLLEGE POLITY (CHARTER). THE DEAN'S SALARY IS CALCULATED BASED ON AN APPROVED FACTOR OF STARTING FACULTY BASE RATE. ASSISTANT AND ASSOCIATE DEAN POSITION COMPENSATION IS CALCULATED ON A FORMULA THAT INCLUDES BOTH YEARS OF SERVICE AND FACULTY BASE SALARY RATE. SALARY FORMULAS FOR THESE POSITIONS CAN BE FOUND IN THE COLLEGE TUTOR HANDBOOK. ALL COMPENSATION ADJUSTMENTS FOR THESE POSITIONS ARE APPROVED BY THE CAMPUS PRESIDENT. COMPENSATION, INCLUDING ALL OFFERED BENEFITS, FOR PRESIDENTS ARE EVALUATED BY BOARD OF VISITORS AND GOVERNORS MEMBERS APPOINTED BY THE BOARD CHAIR. FINAL COMPENSATION PACKAGES ARE RECOMMENDED TO THE BOARD CHAIR AND ARE OFFERED UPON SUCH APPROVAL. ANY SIGNIFICANT INCREASES OR CHANGES TO COMPENSATION FOR THE PRESIDENTS MUST BE APPROVED BY THE BOARD. VICE PRESIDENT COMPENSATION PACKAGES ARE EVALUATED UPON HIRE DATE AND UPON ASSUMPTION OF SIGNIFICANT ADDITIONAL DUTIES AND RESPONSIBILITIES THEREAFTER. PRESIDENTIAL COMPENSATION IS ALSO EVALUATED UPON HIRE DATE, CONTRACT RENEWAL DATE-OR FOR PARITY CONSIDERATIONS, BETWEEN THE TWO CAMPUSES, FOR NEW PRESIDENTIAL HIRES. FORM 990, PART VI, SECTION C, LINE 19 FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR (CANDID) AND THE CONFLICT OF INTEREST POLICY IS PUBLISHED ANNUALLY IN THE STAFF HANDBOOK. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -906,693. NET PERIODIC BENEFIT CREDIT OTHER THAN SERVICE COST 933,373. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT CREDIT 2,862,774. CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT MD N/A T 0 CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT NM N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0