2023-04-26T13:33:30-05:00 2022-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-07-01 390806325 CARROLL UNIVERSITY INC CARR 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 PAUL ZINCK VP FOR FINANCE & ADMIN. 2625247200 2023-04-25 1 PAUL ZINCK XXX-XX-XXXX TROY MARINE CPA P00187863 4147775500 2023-04-25 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CINDY GNADINGER 100 N EAST AVENUE WAUKESHA WI 53186 156613473 0 X WWW.CARROLLU.EDU X 1846 WI CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 24 23 2593 23 390827 0 12785133 16239838 123572213 124217273 5022494 5266917 -414398 -1317780 140965442 144406248 50551026 50984950 0 0 1662635 2006888 94979 71553 1083073 83033956 86711719 135342596 139775110 5622846 4631138 261882162 248345295 15988093 15005096 245894069 233340199 X CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 1 0 39602666 107391297 INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM. CARROLL UNIVERSITY OFFERS MORE THAN 95 AREAS OF STUDY FOR STUDENTS TO DISCOVER AND EXPLORE THAT ARE HOUSED WITHIN TWO COLLEGES (COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF HEALTH SCIENCES) AND TWO SCHOOLS (SCHOOL OF BUSINESS AND SCHOOL OF EDUCATION AND HUMAN SERVICES). WE STRUCTURE THOSE WITH THE INDIVIDUAL GOALS AND NEEDS OF OUR STUDENTS IN MIND. OUR TOP MAJORS ARE NURSING, BUSINESS, EXERCISE SCIENCE, PSYCHOLOGY, BIOLOGY AND PHYSICAL THERAPY (GRADUATE). MANY OF OUR PROGRAMS OFFER THE FLEXIBILITY TO DOUBLE MAJOR OR ADD MINORS WHILE STILL GRADUATING IN FOUR YEARS. WE ALSO OFFER THE OPPORTUNITY TO COMPLETE SELECT MAJORS AND GET STARTED ON A CAREER SOONER WITH OUR CARROLL3 PROGRAMS. IN ADDITION, OUR DUAL DEGREE PROGRAMS MAKE IT CONVENIENT FOR STUDENTS TO EARN BOTH A BACHELOR'S AND MASTER'S DEGREE IN JUST FIVE YEARS. CARROLL ISN'T A ONE-SIZE-FITS-ALL KIND OF PLACE AND RECOGNIZES THAT EVERYONE IS DIFFERENT AND WE'RE HERE TO HELP EACH STUDENT GET THE MOST OUT OF THEIR ACADEMIC EXPERIENCE. IN EACH OF OUR AREAS OF STUDY, STUDENTS WILL GAIN A STRONG, FOUNDATIONAL KNOWLEDGE AND SKILLS THAT WILL PREPARE THEM FOR THEIR FUTURE. THEY WILL ENJOY SMALL CLASS SIZES AND PROFESSORS WHO GET TO KNOW THEM AND ARE INVESTED IN STUDENT SUCCESS. AT THE GRADUATE LEVEL, CARROLL OFFERS STUDENTS LOOKING TO TAKE THEIR EXPERTISE TO THE NEXT LEVEL WITH ACCELERATED, FLEXIBLE PROGRAMS THAT HELP THEM GO FARTHER, FASTER TO REACH THEIR PROFESSIONAL GOALS. 84194153 50984950 16825976 AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS DORMITORY CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION. THE UNIVERSITY OFFERS A BROAD SCOPE OF ACTIVITIES AND PROGRAMMING FOR STUDENTS. THROUGH INTERCULTURAL PROGRAMMING, DIVERSITY INITIATIVES, MENTORING OPPORTUNITIES AND MORE, OUR OFFICE OF INTERCULTURAL AND DIVERSITY ENGAGEMENT WORKS TO CHALLENGE PRECONCEIVED NOTIONS AND ENRICH THE CARROLL COMMUNITY. STUDENTS LIVE OUT CARROLL'S MISSION OF SERVICE THROUGH VOLUNTEERING, MENTORSHIP PROGRAMS, CIVIC ENGAGEMENT AND MORE. CAMPUS SPIRITUAL LIFE INCLUDES WEEKLY PROGRAMS, RETREATS AND PARTNERSHIPS WITH LOCAL FAITH COMMUNITIES THAT GIVE STUDENTS MANY OPTIONS FOR REFLECTION AND WORSHIP. OTHER STUDENT ACTIVITIES AT CARROLL INCLUDE MORE THAN 50 STUDENT ORGANIZATIONS WHERE STUDENTS CAN JOIN TOGETHER TO EXPLORE THEIR INTERESTS AND DEVELOP LEADERSHIP SKILLS IN ORGANIZATIONS RELATED TO ACADEMIC PROGRAMS, SERVICE/ADVOCACY, DIVERSITY, STUDENT GOVERNMENT, RECREATION, ACTING, FRATERNITY AND SORORITY LIFE, ACAPELLA SINGING, OUTDOOR ACTIVITIES AND MORE. CARROLL IS HOME TO 23 NCAA DIVISION III ATHLETIC TEAMS (11 MEN'S SPORTS AND 12 WOMEN'S SPORTS) AND COMPETES IN THE NATIONALLY-RECOGNIZED COLLEGE CONFERENCE OF ILLINOIS AND WISCONSIN (CCIW). INCLUDED IN AUXILIARY PROGRAMMING ARE 12 HOUSING OPTIONS FROM TRADITIONAL RESIDENCE HALLS TO SUITE-STYLE UNITS AND APARTMENTS AND ALSO FLEXIBLE MEAL PLANS AND MENUS ARE OFFERED FOR ALL OF OUR SEVEN ON-CAMPUS DINING LOCATIONS. 11744403 INSTITUTIONAL SUPPORT - THIS CATEGORY OF PROGRAMMING INCLUDES THE SENIOR LEADERSHIP TEAM, MARKETING AND COMMUNICATIONS, AND ALL OTHER NECESSARY FUNCTIONS TO LEAD AND SUPPORT THE UNIVERSITY'S STUDENTS AND ACADEMIC MISSION AT THE WAUKESHA, WISCONSIN CAMPUS AND OTHER FACILITIES MADE UP OF 1.3 MILLION SQUARE FEET OF SPACE IN OVER 65 BUILDINGS AND 160-PLUS ACRES OF LAND. ALSO INCLUDED HERE IS INSTITUTIONAL ADVANCEMENT WHICH IS FOCUSED ON FUNDRAISING AND DONOR RELATIONS AND THE ALUMNI RELATIONS DEPARTMENT REACHING OUT TO MORE THAN 23,000 CARROLL ALUMNI ACROSS ALL 50 STATES AND 33 COUNTRIES. ALL OTHER SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION ARE INCLUDED HERE INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION. 135541222 1 1 0 0 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 1 1 1 0 0 0 0 0 0 0 1 117 0 2593 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO IL KS KY MD MA MI NH NY OH OR WA WI ND X PAUL ZINCK 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 CINDY GNADINGER PRESIDENT 40.00 X 448691 0 79546 MARK BLEGEN PROVOST/VP FOR ACAD. AFFAIRS 40.00 X 240888 0 32020 VICTORIA DOWLING VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 235909 0 31473 TEEGE METTILLE VP FOR ENROLLMENT (THROUGH 12/2021) 40.00 X 222226 0 25601 THERESA BARRY VP FOR STUDENT AFFAIRS 40.00 X 193639 0 27468 DANA STUART THROUGH 082021 VP FOR FINANCE & ADMIN 40.00 X 174799 0 20054 TIFFANY WYNN VP FOR MARKETING & COMMUNICATIONS 40.00 X 160247 0 31681 HAMID AKBARI BUSINESS PROFESSOR 40.00 X 154690 0 26025 SARA DEPREY ASSOCIATE PROFESSOR OF PT 40.00 X 159610 0 11638 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 40.00 X 150113 0 19009 CATHERINE JORGENS UNIVERSITY COUNSEL 40.00 X 152230 0 10821 JAMES RYCHNER ASST VP FOR DEVELOPMENT 40.00 X 147264 0 12351 JOHN NICHOLAS THROUGH 422 VP FOR FINANCE & ADMIN 40.00 X 82647 0 0 PAUL ZINCK HIRED 4622 VP FOR FINANCE AND ADMINIS 40.00 X 0 0 0 DAWN SCOTT HIRED 5122 VP FOR ENROLLMENT 40.00 X 0 0 0 MOHAMMED BEY HIRED 5122 VP FOR INSTITUTIONAL INCLUSION 40.00 X 0 0 0 DORVAL CARTER TRUSTEE/CHAIR 1.00 X X 0 0 0 DEBORAH BLOCK TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 LYNDA JOHNSON TRUSTEE/TREASURER 1.00 X X 0 0 0 MARK D SMITH TRUSTEE/SECRETARY 1.00 X X 0 0 0 DAVID LAATSCH TRUSTEE 1.00 X 0 0 0 DOUGLAS MUELLER TRUSTEE 1.00 X 0 0 0 ELFRIEDE PAHL TRUSTEE 1.00 X 0 0 0 FRED STIER TRUSTEE 1.00 X 0 0 0 JACK RIESCH TRUSTEE 1.00 X 0 0 0 JAMES SCHNEIDER TRUSTEE 1.00 X 0 0 0 JEFFERSON DEANGELIS TRUSTEE 1.00 X 0 0 0 JOHN HENGEL TRUSTEE 1.00 X 0 0 0 JOSEPH ZVESPER TRUSTEE 1.00 X 0 0 0 KATHY WOLFGRAM TRUSTEE 1.00 X 0 0 0 KRISTI CZARNECKI TRUSTEE 1.00 X 0 0 0 LAURA DEXTER TRUSTEE 1.00 X 0 0 0 LAURA FISHER-BONVALLET TRUSTEE 1.00 X 0 0 0 MICHAEL OSENGA TRUSTEE 1.00 X 0 0 0 PAUL CHRISTIAN TRUSTEE 1.00 X 0 0 0 REYNOLDS CHALLONER TRUSTEE 1.00 X 0 0 0 SANDRA CUNNINGHAM TRUSTEE 1.00 X 0 0 0 SUSAN HAYES TRUSTEE 1.00 X 0 0 0 TOM SELLARS TRUSTEE 1.00 X 0 0 0 2522953 0 327687 35 0 1 0 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 MANAGEMENT COMPANY 659876 ANTHOLOGY INC DEPT 9908 PO BOX 850001 ORLANDO FL 32885 MANAGEMENT COMPANY 550755 KLEENMARK SERVICES CORP 1210 ANN ST MADISON WI 53713 CLEANING SERVICES 469224 MIDWEST HEATING & COOLING 421 MCKENZIE DR MUKWONAGO WI 53149 MECHANICAL SERVICES 415622 PIEPER POWER 5477 S WESTRIDGE CT NEW BERLIN WI 53151 MECHANICAL SERVICES 306790 18 92730 8213826 7933282 194056 16239838 TUITION AND FEES 900099 107391297 107391297 AUXILIARY ENTERPRISES 611710 16825976 16825976 124217273 4019417 4019417 13396866 12149366 1247500 1247500 1247500 109325 92730 57859 51466 51466 SUMMER CONFERENCES 721000 390827 390827 OTHER INCOME 900099 -1760073 -1760073 -1369246 144406248 124217273 390827 3558310 50984950 50984950 2006888 1835808 171080 71553 71553 8051499 6856260 1195239 INSTRUCTION 24118528 24118528 STUDENT SERVICES 15730015 15730015 AUXILIARY ENTERPRISES 15062143 15062143 INSTITUTIONAL SUPPORT 12584843 11744403 840440 11164691 11044923 119768 139775110 135541222 3150815 1083073 1540345 724626 3527726 6300776 4442860 5061587 1773206 1378692 914140 1574931 217203017 94305555 122347135 122897462 127321418 110391141 15332 16080 261882162 248345295 4199946 4232935 2996472 3385522 2489385 1724314 6302290 5662325 15988093 15005096 X 155650133 151128742 90243936 82211457 245894069 233340199 261882162 248345295 X 4631138 -17230504 45496 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94723057 1987912 -12690237 2987634 81033098 73553801 3450259 20462586 2743589 94723057 71164498 3862394 1137122 2610213 73553801 62142912 7740509 3287477 2006400 71164498 57549409 2343432 4146071 1896000 62142912 0.12000 0.59000 0.29000 1 0 7333306 7333306 157302401 57301016 100001385 10773122 5650053 5123069 30658881 21659306 8999575 11135307 9695180 1440127 122897462 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 568294 DEFERRED COMPENSATION 920864 ASSET RETIREMENT OBLIGATION 2510170 U.S. GOVERNMENT GRANTS REFUNDABLE 511975 OTHER LIABILITIES 1151022 5662325 X 78493107 -17230504 45496 -17185008 95678115 48728133 48728133 144406248 86649061 -2141099 -2141099 88790160 50984950 50984950 139775110 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT ACADEMIC PROGRAMS, SCHOLARSHIPS AND OPERATIONS. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 45,496. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES -57,859. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 50,984,950. EXCESS WITHDRAWALS OVER INCOME EARNED -2,198,958. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES 57,859. EXCESS WITHDRAWALS OVER INCOME EARNED -2,198,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 50,984,950. 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 WAS PUBLISHED IN THE STUDENT HANDBOOK AND BROCHURES USED FOR THE RECRUITMENT OF STUDENTS "CARROLL UNIVERSITY DOES NOT DISCRIMINATE IN ANY MANNER CONTRARY TO LAW OR JUSTICE ON THE BASIS OF RACE, COLOR, SEX, AGE, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY OR VETERANS STATUS IN ADMINISTRATION OF ITS EDUCATIONAL, ADMISSION, FINANCIAL AID, ATHLETIC, OR OTHER UNIVERSITY POLICIES AND PROGRAMS NOR IN THE EMPLOYMENT OF ITS FACULTY AND STAFF". SCHEDULE E, PART I, LINE 6 FINANCIAL AID AT CARROLL UNIVERSITY, INC. IS AVAILABLE TO STUDENTS WHO ARE DEGREE CANDIDATES, FOLLOWING GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE U.S. DEPARTMENT OF EDUCATION AND THE WISCONSIN HIGHER EDUCATIONAL BOARD. THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION AND HEALTH AND HUMAN SERVICES AND THE WISCONSIN HIGHER EDUCATION AIDS BOARD: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM,TEACH GRANT, FEDERAL PERKINS LOAN PROGRAM, FEDERAL COLLEGE WORK STUDY PROGRAM, FEDERAL DIRECT LOANS, PARENTS' LOAN PROGRAM, NATIONAL SCIENCE FOUNDATION, NATIONAL ENDOWMENT FOR THE HUMANITIES, WISCONSIN TUITION GRANT, WISCONSIN TIP GRANT, WISCONSIN MINORITY GRANT,WISCONSIN HANDICAP GRANT, WISCONSIN INDIAN GRANT, WISCONSIN COVENANT GRANT, WISCONSIN ACADEMIC EXCELLENCE SCHOLARSHIP, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTIONS, WISCONSIN VETERAN'S AND HEALTH RESOURCES AND SERVICES ADMINISTRATION SCHOLARSHIPS X X X X X X X 1 GONSER GERBER TINKER STUHR LLP 1776 LEGACY CIRCLE SUITE 100 NAPERVILLE IL 60563 CAMPAIGN FEASIBILITY STUDY 0 0 17583 0 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 MARKETING AND LEAD GENERATION 0 0 24680 0 J ROBERTS CONSULTING LLC 301 WEST WAYNE AVE WOOSTER OH 44691 FUNDRAISING 0 0 16000 0 ZIMMERMAN COMPANY 3418 WASHINGTON AVE PO BOX 931 SHEBOYGAN WI 530816405 FUNDRAISING MAILING 0 0 13290 0 71553 CO CT IL KS KY MA MD MI MS ND NH NY OH OR WA WI NC 1- PIONEER CLASSIC GOLF OUTING 83330 49505 33825 26138 2- PIONEER CLASSIC GOLF 6/22 118725 43225 75500 31721 202055 92730 109325 57859 57859 51466 1 SCHOLARSHIPS 2971 50984950 FMV PART I, LINE 2: THE ORGANIZATION MAINTAINS A POLICY AND PROCEDURES MANUAL WHICH OUTLINES THE ORGANIZATION'S POLICY ON AWARDING FEDERAL, STATE, AND INSTITUTIONAL ASSISTANCE TO STUDENTS. X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 CINDY GNADINGER PRESIDENT 379901 0 50000 0 18790 0 58200 0 21346 0 528237 0 0 0 MARK BLEGEN PROVOST/VP FOR ACAD. AFFAIRS 215080 0 25000 0 808 0 15266 0 16754 0 272908 0 0 0 VICTORIA DOWLING VP FOR INSTITUTIONAL ADVANCEMENT 213873 0 20000 0 2036 0 17776 0 13697 0 267382 0 0 0 TEEGE METTILLE VP FOR ENROLLMENT (THROUGH 12/2021) 162790 0 15000 0 44436 0 13332 0 12269 0 247827 0 0 0 THERESA BARRY VP FOR STUDENT AFFAIRS 167114 0 25000 0 1525 0 13809 0 13659 0 221107 0 0 0 DANA STUART THROUGH 082021 VP FOR FINANCE & ADMIN 136811 0 20000 0 17988 0 11755 0 8299 0 194853 0 0 0 TIFFANY WYNN VP FOR MARKETING & COMMUNICATIONS 144943 0 15000 0 304 0 12120 0 19561 0 191928 0 0 0 HAMID AKBARI BUSINESS PROFESSOR 153778 0 0 0 912 0 13213 0 12812 0 180715 0 0 0 SARA DEPREY ASSOCIATE PROFESSOR OF PT 139580 0 1000 0 19030 0 11326 0 312 0 171248 0 0 0 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 148826 0 1000 0 287 0 12301 0 6708 0 169122 0 0 0 CATHERINE JORGENS UNIVERSITY COUNSEL 131641 0 20000 0 589 0 10531 0 290 0 163051 0 0 0 JAMES RYCHNER ASST VP FOR DEVELOPMENT 145753 0 1000 0 511 0 11891 0 460 0 159615 0 0 0 PART I, LINES 4A-B THE FOLLOWING SEVERANCE PAYMENTS WERE MADE IN FISCAL YEAR 2022: TEEGE METTILLE- $25,891.20 THE FOLLOWING CONTRIBUTIONS WERE MADE TO AN INDIVIDUAL 457(F) PLAN: CINDY GNADINGER- $35,000 A PNC BANK 221146430 NONEAVAIL 2017-05-04 3425008 REFINANCE OF 2006 ISSUE, BUILDING IMPROVEMENTS 0 0 0 A 1760844 3425008 55113 3369895 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 A 1 STIER CONSTRUCTION INC SEE PART V BELOW 1130837 DURING THE YEAR ENDED JUNE 30, 2022, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH STIER CONSTRUCTION INC. FRED STIER, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE OWNER OF STIER CONSTRUCTION INC. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 AURORA HEALTH CARE SEE PART V BELOW 227638 DURING THE YEAR ENDED JUNE 30, 2022, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH AURORA HEALTH CARE. DAVID LAATSCH, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 SCHEDULE L, PART IV, LINES 1-5, COLUMN B: LINE 1 - FRED STIER IS THE OWNER OF STIER CONSTRUCTION INC. & A TRUSTEE OF THE ORGANIZATION.LINE 2 - DAVID LAATSCH IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE & A TRUSTEE OF THE ORGANIZATION. X 1 4430 FMV X 7274 FMV X 14 166827 HIGH/LOW X 5 259 FMV X 1 4990 FMV X SPORTING TICKETS 14 4030 FMV X ACTIVITIES/SERVICES 12 3748 FMV X GIFT CARDS 17 2498 FMV 0 0 1 0 FORM 990, PART III, LINE 2 BEHAVIORAL HEALTH PSYCHOLOGY (MS), ASSOCIATE DEGREE IN NURSING (ADN), BILINGUAL BICULTURE EDUCATION PROGRAM, MBA CERTIFICATE PROGRAM, CREDENTIALS PROGRAM FORM 990, PART VI, SECTION A, LINE 1A THE UNIVERSITY BYLAWS PERMIT AN EXECUTIVE COMMITTEE OF THE BOARD TO TAKE ACTION BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD AND TO ACT ON MATTERS REFERRED TO IT BY THE BOARD. ACTIONS INVOLVING SELECTION OR TERMINATION OF THE PRESIDENT, TRUSTEE OFFICERS, THE UNIVERSITY MISSION, VISION AND BYLAWS, DEBT, SALE OF CERTAIN PROPERTY, BUDGET AND TENURE AND PROMOTION REQUIRE ACTION BY THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADDED THE IMMEDIATE PAST CHAIRPERSON ROLE, WHEREAS ANY CHAIRPERSON IMMEDIATELY PRECEDING THE CURRENT CHAIRPERSON SHALL SERVE AS AN EX OFFICIO TRUSTEE FOR ONE YEAR AS THE IMMEDIATE PAST CHAIRPERSON, NOTWITHSTANDING ANY TERM LIMIT. FORM 990, PART VI, SECTION B, LINE 11B CARROLL UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT AND REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. A DRAFT OF THE FULL DISCLOSURE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES AUDIT COMMITTEE FOR REVIEW AND THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF CARROLL UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE PRESIDENT COLLECTS CONFLICT OF INTEREST DISCLOSURES ANNUALLY, CONFLICTS DISCLOSED ARE DISCUSSED WITH FINANCIAL OFFICERS AND, IF REQUIRED, TRUSTEES. IN ALL CASES, A PERSON WITH A CONFLICT IS EXCUSED FROM ANY DECISION RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF CARROLL UNIVERSITY, INC. ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE UNIVERSITY'S COMPENSATION PLAN. SPECIFIC DUTIES OF THE COMMITTEE INCLUDE THE RESPONSIBILITY TO: (A) REQUEST AND REVIEW, ON AT LEAST AN ANNUAL BASIS, THE COMPENSATION POLICIES FOR THE UNIVERSITY, INCLUDING ALL PERTINENT AND CURRENT COMPENSATION STUDIES, FORECASTS AND STATISTICS TO ENSURE THAT COMPENSATION IS NOT ONLY REASONABLE, BUT ALSO APPROPRIATE AND COMPETITIVE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL, INCLUDING THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER MEMBERS OF THE BOARD, FACULTY, STAFF, STUDENTS, ALUMNI AND COMMUNITY MEMBERS. AN ANNUAL REPORT REGARDING THIS REVIEW SHALL BE PRESENTED TO THE FULL BOARD. (B) RECOMMEND TO THE BOARD, FOR APPROVAL, COMPENSATION CHANGES FOR THE PRESIDENT AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. DURING SUCH DELIBERATIONS, THE PRESIDENT AND OTHER KEY EMPLOYEES SHALL NOT BE PRESENT WHEN DISCUSSED. (C) OVERSEE THE DEVELOPMENT WHEN APPROPRIATE, THE EXECUTIVE AGREEMENT FOR THE PRESIDENT OF THE UNIVERSITY. (D) PERFORM ANY/ALL OTHER ACTIVITIES, AS REQUESTED BY THE BOARD THAT RELATE TO THE OVERSIGHT OF COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 45,496. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.