2023-05-11T14:32:50-05:00 2022-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-07-01 390806202 EDGEWOOD COLLEGE INC EDGE 6086634861 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 ANDREW MANION PRESIDENT 6086634861 2023-05-11 1 ANDREW MANION 999009999 TROY MARINE CPA P00187863 4147775500 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANDREW MANION 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 67998162 0 0928 X WWW.EDGEWOOD.EDU X 1927 WI TO PROVIDE A QUALITY HIGHER EDUCATION 22 19 1093 30 10760 0 5623244 6186985 53531046 52943576 4478302 2034373 985616 1106535 64618208 62271469 17137419 18485720 0 0 27944607 26560655 13500 0 1227543 13661927 14628843 58757453 59675218 5860755 2596251 160826840 154943300 19336451 16242130 141490389 138701170 X EDGEWOOD COLLEGE, ROOTED IN THE DOMINICAN TRADITION, ENGAGES STUDENTS WITHIN A COMMUNITY OF LEARNERS COMMITTED TO BUILDING A JUST AND COMPASSIONATE WORLD. THE COLLEGE EDUCATES STUDENTS FOR MEANINGFUL PERSONAL AND PROFESSIONAL LIVES OF ETHICAL LEADERSHIP, SERVICE, AND A LIFELONG SEARCH FOR TRUTH. 0 0 47622246 18429325 47460890 INSTRUCTION- POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATES, ACCELERATED PROGRAMS FOR RETURNING ADULTS, GRADUATE PROGRAMS, AND DOCTORAL EDUCATION. FTE ENROLLMENT OF 1629. 4656041 56395 5483926 AUXILLARY SERVICES- RESIDENCE HALL AND FOOD SERVICE SERVING APPROXIMATELY 480 STUDENTS. 52278287 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 2602 0 1 1093 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 X 22 19 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JANE WILHELM 6086634861 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 ANDREW MANION PRESIDENT 50.00 X X 327312 0 7798 VICTORIA PALMISANO TRUSTEE/FACULTY 50.00 X 127082 0 8189 NICOLE KIME TRUSTEE/FACULTY 50.00 X 65879 0 19190 DARRELL BEHNKE CHAIR 1.00 X X 0 0 0 FRANK BYRNE SECRETARY 1.00 X X 0 0 0 DAVE WITTWER TREASURER 1.00 X X 0 0 0 BECKY SPLITT BOARD MEMBER 1.00 X 0 0 0 JAC GARNER BOARD MEMBER 1.00 X 0 0 0 JEANAN YASIRI MOE BOARD MEMBER 1.00 X 0 0 0 JENNY STEIN BOARD MEMBER 1.00 X 0 0 0 JIM IMHOFF BOARD MEMBER 1.00 X 0 0 0 KATHLEEN PHELAN OP BOARD MEMBER 1.00 X 0 0 0 KEVIN HAYDEN BOARD MEMBER 1.00 X 0 0 0 KEVIN O'DRISCOLL BOARD MEMBER 1.00 X 0 0 0 LONDA DEWEY BOARD MEMBER 1.00 X 0 0 0 MARY SCHMOEGER BOARD MEMBER 1.00 X 0 0 0 ODELL NICKELBERRY BOARD MEMBER 1.00 X 0 0 0 RYAN COLLINS BOARD MEMBER 1.00 X 0 0 0 SANDRA DOCTER BOARD MEMBER 1.00 X 0 0 0 TRACY SCHWEITZER BOARD MEMBER 1.00 X 0 0 0 TYRONE WILLIAMS BOARD MEMBER 1.00 X 0 0 0 WENDY PERKINS BOARD MEMBER 1.00 X 0 0 0 MICHAEL GUNS SR. VP BUS. & FIN. (TERM 4/2022) 50.00 X 182583 0 34007 AMANDA BERG VP OF FIN. AFFAIRS (START 4/2022) 50.00 X 0 0 0 ANGELA SALAS VP ENROLLMENT MANAGEMENT 50.00 X 198593 0 10275 MARGARET NOREUIL DEAN OF NURSING, BUS. & HEALTH 50.00 X 166309 0 9298 KATIE VESPERMAN VP INSTITUTIONAL ADVANCEMENT 50.00 X 149813 0 8151 HEATHER HARBACH VP STUDENT DEVELOPMENT 50.00 X 129950 0 27726 AMBER SCHULTZ VP ENROLLMENT MGMT (TERM 5/2021) 50.00 X 143120 0 14193 COLLEEN GULLICKSON FACULTY 50.00 X 120082 0 7302 1610723 0 146129 16 0 1 0 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 ENROLLMENT MANAGEMENT 223854 1 22026 4081165 2083794 48124 6186985 EDUCATIONAL SERVICES 900009 47448890 47448890 ROOM AND BOARD 721310 5494686 5483926 10760 52943576 777711 777711 347097 857 346240 346240 346240 6972334 5715672 1256662 1256662 1256662 6749 22026 10164 -3415 -3415 4940 0 4940 4940 INVESTMENT INCOME BENE 900099 725000 725000 CELL TOWER LEASE 900099 21770 21770 MANAGEMENT SERVICES - 561000 12000 12000 758770 62271469 52944816 10760 3128908 18485720 18485720 1064385 225474 754761 84150 19702734 15732172 3351082 619480 939658 699839 206169 33650 3389861 2524703 743766 121392 1464017 1049139 361458 53420 86480 86480 79854 79854 129988 129988 310185 18145 232040 60000 757519 717438 40081 493902 271586 117918 104398 1879385 1139545 722219 17621 2597941 345119 2252822 218002 150281 43253 24468 314376 298386 15990 2663211 2221460 421439 20312 146310 146310 AUXILLARY EXPENSES 1574639 1574639 INSTRUCTION 914345 914345 STUDENT SERVICES 911901 911901 OPERATION AND MAINTENAN 0 4254460 -4285495 31035 1550805 743935 749253 57617 59675218 52278287 6169388 1227543 4350 4350 26408822 25910894 3372693 921258 1240926 1137964 482667 367665 52937 62298 2074233 2060211 95990795 44775261 53199091 51215534 56571848 53842290 17419273 19420836 160826840 154943300 4600555 3288677 1829200 1178007 11430000 10590000 1476696 1185446 19336451 16242130 X 103883766 100744546 37606623 37956624 141490389 138701170 160826840 154943300 X 2596251 -8011209 2625739 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 52995210 1421765 -5756581 311340 1501470 46847584 40906163 1082227 12759670 293315 1459535 52995210 41911319 628789 88700 291215 1431430 40906163 41777937 173810 1645766 288024 1398170 41911319 37767046 2245217 3248789 227065 1256050 41777937 0.70310 0.19780 0.09910 0 0 755510 755510 85038147 36339896 48698251 7890907 6897965 992942 2306231 1537400 768831 51215534 BENEFICIAL INTEREST IN PRIVATE FOUNDATION 19130343 INVESTMENT IN JOINT VENTURE 175713 INTEREST RATE SWAP AGREEMENT 114780 19420836 PREPAID ROOM AND OTHER DEPOSITS 467489 OBLIGATION UNDER CAPITAL LEASE 154650 REFUNDABLE STUDENT LOANS 563307 1185446 X 40126203 -8011209 2631080 -5380129 45506332 129988 16635149 16765137 62271469 42915422 5341 5341 42910081 129988 16635149 16765137 59675218 PART III, LINE 1A: COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE NOT CAPITALIZED. PART III, LINE 4: EDGEWOOD COLLEGE HAS AN ART COLLECTION USED FOR PUBLIC EXHIBITION AND SCHOLARLY RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY USED FOR SCHOLARSHIPS AND ALSO INCLUDE SUPPORT OF PROGRAM ACTIVITIES, BUILDING MAINTENANCE AND EQUIPMENT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE 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 COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2019 AND 2018 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 1,867,117. RENTAL EXPENSES 857. USE OF COLLEGE CAR 4,484. UNAMORTIZED BALANCE OF DINING SERVICES CONTRACT AT TERMINATION 134,474. EQUITY IN CNE INCOME 19,666. SWAP MV CHANGE 604,482. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 16,578,754. CUNA COMMUNITY SCHOLARS AWARD - R&B 56,395. PART XII, LINE 2D - OTHER ADJUSTMENTS: USE OF COLLEGE CAR 4,484. RENTAL EXPENSES 857. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 16,578,754. CUNA COMMUNITY SCHOLARS AWARD - R&B 56,395. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EDGEWOOD COLLEGE'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE CATALOGUE, APPLICATION MATERIALS, AND OWN WEBSITE. WE REGULARLY ADVERTISE WITH PUBLICATIONS THAT SPECIFICALLY SERVE AUDIENCES OF COLOR: LACOMMUNIDAD, UMOJA, CAPITAL CITY HUES, ETC. SCHEDULE E, PART I, LINE 6 PELL FUNDS, SEOG FUNDS, AND WORK STUDY FUNDS ARE FROM THE U.S. GOVERNMENT. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION - STUDY ABROAD 953 EUROPE 0 0 PROGRAM SERVICES EDUCATION - STUDY ABROAD 116821 NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATION - PROGRAM DEVELOPMENT 802 0 0 0 0 0 0 118576 0 118576 0 0 0 0 0 0 PART III ACCOUNTING METHOD: EAGLE GOLF OUTING 28775 22026 6749 450 5148 3225 1341 28775 22026 6749 450 5148 3225 1341 10164 -3415 1 EDGEWOOD COLLEGE SCHOLARSHIPS 1238 16475830 SEOG PROGRAM 84 123013 TEACH-FEDERAL GRANTS 13 36306 HEERF STUDENT RELIEF FEDERAL GRANTS 1137 1850571 PART I, LINE 2: TO ENSURE OUR GRANTS AND SCHOLARSHIPS ARE USED FOR THE PROPER PURPOSES THE EDGEWOOD COLLEGE FINANCIAL AID OFFICE PERFORMS REGULAR MAINTENANCE AND RECONCILIATIONS WITH OUR BUSINESS OFFICE MONITORING THAT ALL FUNDS AWARDED TO A PARTICULAR STUDENT ARE BEING PROPERLY CREDITED TO THEIR STUDENT ACCOUNT. ANY CHANGES OR ADJUSTMENTS TO ORIGINAL AWARDS THAT AFFECT GRANT AND SCHOLARSHIP FUNDING ARE MADE WITHIN POWERFAIDS, THE FINANCIAL AID SOFTWARE PROGRAM. THESE CHANGES TO AWARDS ARE ELECTRONICALLY TRANSMITTED AT LEAST WEEKLY TO THE BUSINESS OFFICE. THE RESULTING CHANGES ARE THEN DISPLAYED ON THEIR STUDENT ACCOUNT. THE FINANCIAL AID OFFICE HAS THE ABILITY TO GENERATE REPORTS AS NEEDED FOR MONITORING AND RECONCILIATION PURPOSES. THESE REPORTS ARE COMPARED TO REPORTS GENERATED BY THE BUSINESS OFFICE TO ENSURE THAT ALL PROGRAM AMOUNTS ARE ACCURATELY REFLECTED. ADDITIONALLY, WE HAVE A YEARLY AUDIT PERFORMED BY AN OUTSIDE ACCOUNTING FIRM GUARANTEEING WE ARE STAYING IN COMPLIANCE WITH ALL FEDERAL, STATE AND INSTITUTIONAL POLICIES AND PROCEDURES AS WELL AS ASSURING FUNDING IS BEING USED AS INTENDED. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 ANDREW MANION PRESIDENT 320000 0 0 0 7312 0 7000 0 798 0 335110 0 0 0 MICHAEL GUNS SR. VP BUS. & FIN. (TERM 4/2022) 182583 0 0 0 0 0 7000 0 27007 0 216590 0 0 0 ANGELA SALAS VP ENROLLMENT MANAGEMENT 198593 0 0 0 0 0 0 0 10275 0 208868 0 0 0 MARGARET NOREUIL DEAN OF NURSING, BUS. & HEALTH 166309 0 0 0 0 0 7000 0 2298 0 175607 0 0 0 KATIE VESPERMAN VP INSTITUTIONAL ADVANCEMENT 149813 0 0 0 0 0 7353 0 798 0 157964 0 0 0 HEATHER HARBACH VP STUDENT DEVELOPMENT 129950 0 0 0 0 0 7531 0 20195 0 157676 0 0 0 AMBER SCHULTZ VP ENROLLMENT MGMT (TERM 5/2021) 61945 0 0 0 81175 0 6299 0 7894 0 157313 0 0 0 PART I, LINE 1A SOCIAL DUES ARE DETERMINED BY PRESIDENT'S CONTRACT. PART I, LINE 4A AMBER SCHULTZ RECIEVED SEVERANCE OF $76,146 DURING 2021. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2015-05-29 16870000 SEE PART VI 0 0 0 A 6280000 16870000 75000 6745000 10050000 2016 1 0 1 1 A 0 0 1 0 0 0.00790 0.00790 0 0 1 A 0 0 1 0 1 1 BMO HARRIS BANK NA 10.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART I, ROW A, COLUMN (F): CONSTRUCT RESIDENCE HALL ADDITION AND CURRENT REFUNDING OF WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORTY ADJUSTABLE DEMAND REVENUE BONDS, SERIES 2006 (EDGEWOOD COLLEGE) DATED SEPTEMBER 13, 2006 SCHEDULE K, PART I, ROW A, COLUMN (F): THE TOTAL ISSUE AMOUNT OF THE SERIES 2015 BONDS WAS $16,870,000 OF WHICH $10,050,000 WAS USED TO CURRENTLY REFUND SERIES 2006 BONDS, $75,000 WAS USED TO PAY ISSUANCE COSTS AND $6,745,00 WAS USED FOR RESIDENCE HALL ADDITION CONSTRUCTION COSTS. X 3 48124 NET SELLING PRICE X PRIZES AND GIVEAWAYS FOR EVENTS 16 0 0 1 1 PART I, LINE 32B: A BANK IS USED TO SELL STOCK GIFTS. PART I, LINE 33: FOR THE TYPES OF PROPERTY CHECKED IN COLUMN (A) FOR WHICH THERE IS NO REVENUE REPORTED IN COLUMN (C), THE REASON IS THAT THE AMOUNTS WERE CONSIDERED IMMATERIAL TO THE COLLEGE'S OVERALL FINANCIAL STATEMENTS. SCHEDULE M, PART 1 COLUMN B FOR THE INFORMATION INCLUDED IN THIS COLUMN THE COLLEGE IS COUNTING THE NUMBER OF NON-CASH CONTRIBUTIONS RECEVED. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE ORGANIZATION REVISED ITS BYLAWS FOR THE FOLLOWING ITEMS: ARTICLES I-III ARE PRIMARILY THE CONCERN OF THE CORPORATE MEMBERS AND OUTLINE THE RESERVED POWERS AND GOVERNING STRUCTURE OF THE CORPORATE MEMBERS AND SPONSORS COUNCIL. ARTICLE I NOW INCLUDES THE MISSION OF THE COLLEGE AND CLARIFIES THE COLLEGE IS A SPONSORED MINISTRY OF THE SINSINAWA DOMINICAN CONGREGATION. ARTICLE II, SECTION 3 DETAILS THE DIVISION OF THE RESERVED POWERS. ARTICLE IV, SECTION 2 DOCUMENTS THAT THE BOARD IS AN INDEPENDENT BODY AS A POINT OF EMPHASIS FOR ACCREDITATION OF THE COLLEGE. ARTICLE IV, SECTION 4 PROVIDES THE LIAISON OF THE SPONSORS COUNCIL IS NOW A VOTING MEMBER OF THE BOARD AND THE EXECUTIVE COMMITTEE. ARTICLE V, SECTION 2 SUMMARIZES THE DUTIES OF THE PRESIDENT AS THE EXECUTIVE OF THE COLLEGE RATHER THAN LISTING MANY OF THE DUTIES THAT ARE EXPECTED WITH SUCH AN EXECUTIVE ROLE. IN ADDITION, THE BYLAWS NOW OUTLINE THE CREATION OF A PRESIDENTIAL SEARCH COMMITTEE FOR THE HIRING OF A NEW PRESIDENT. THE PRESIDENTIAL SEARCH COMMITTEE MUST INCLUDE A TRUSTEE DESIGNATED BY THE CORPORATE MEMBER AND THE LIAISON OF THE SPONSORS COUNCIL. PREVIOUSLY THE APPROVAL OF THE APPOINTMENT OF THE PRESIDENT WAS A RESERVED POWER OF THE CORPORATE MEMBER. ARTICLE VI, SECTION 3 PROVIDES ADDITIONAL GUIDANCE FOR THE DUTIES TO UNDERTAKE WITH STANDING COMMITTEESFINANCE AND AUDIT, MISSION, ACADEMIC AFFAIRS AND GOVERNANCE. THE BOARD RETAINS THE RESPONSIBILITY TO DETERMINE HOW THE COMMITTEES SHOULD BE STRUCTURED TO UNDERTAKE THOSE DUTIES, AND TO FURTHER DOCUMENT THOSE DUTIES WITHIN THE CHARTERS OF THE COMMITTEES. PREVIOUSLY THE FINANCE AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEES WERE THE ONLY COMMITTEES CREATED BY THE BYLAWS. ARTICLE IX SIMPLIFIES THE CONFLICT OF INTEREST PROVISION AND WILL REQUIRE US TO UPDATE OUR CONFLICT OF INTEREST POLICY TO INCLUDE THE DETAILS THAT WERE PREVIOUSLY DETAILED IN THE BYLAWS AND INCORPORATED IN OUR POLICY BY REFERENCE. THE CONFLICT OF INTEREST POLICY IS WELL DONE; WE ARE SIMPLY DOCUMENTING THE PROVISIONS MORE FULLY WITHIN THE POLICY ITSELF. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF EDGEWOOD COLLEGE INC. CONSIST OF NO FEWER THAN 3 AND NO MORE THAN 9. MEMBERS SHALL INITIALLY BE PRIORESS, GENERAL COUNCILORS OR THEIR DELEGRATES AND THE GENERAL FINANCE OFFICE. WHEN A VACANCY OCCURS, REMAINING MEMBERS SELECT NEW MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATE MEMBERS OF EDGEWOOD COLLEGE INC. APPROVE THE MISSION, APPOINT BOARD OF TRUSTEES/PRESIDENT, APPROVE CHANGES TO ARTICLES AND BYLAWS, APPROVE DEBT BORROWING OVER AN AMOUNT SET BY THE MEMBERS AND ISSUANCE OF BONDS. IN ADDITION, THE MEMBERS APPROVE ACQUISITION AND DISPOSITION OF REAL ASSETS. FORM 990, PART VI, SECTION B, LINE 11B BOARD TRUSTEE MEMBERS WILL BE GIVEN A LINK FOR WHICH TO ACCESS THE FORM 990 PUBLIC DISCLOSURE TAX RETURN PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EDGEWOOD COLLEGE HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE DISCLOSURE STATEMENT IS COMPLETED AND SIGNED ANNUALLY BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE POLICY REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES TO: 1. REVIEW POLICY, 2. DISCLOSE ANY PERSONAL, FAMILY OR BUSINESS RELATIONSHIPS THAT COULD REASONABLY GIVE RISE TO CONFLICT WITHIN THE COLLEGE, AND 3. COMPLETE AND SIGN DISCLOSURE STATEMENT. THE BUSINESS OFFICE PERSONNEL PERFORM A REVIEW OF DISCLOSURE STATEMENTS AND VERIFY THAT THEY ARE RETURNED BY ALL INTERESTED PARTIES. BUSINESS OFFICE PERSONNEL WILL REPORT TO FINANCE & AUDIT COMMITTEE THE SUMMARY OF DISCLOSURES AND NON-RESPONSES. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE NOR PARTICIPATE IN THE DISCUSSION OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE AND THE ABSTENTION FROM VOTING AND PARTICIPATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT AND OFFICERS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. DOCUMENTATION OF SUCH APPROVAL IS INCLUDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. COMPARISONS ARE MADE ANNUALLY TO COMPENSATION AND BENEFITS FOR COMPARABLE POSITIONS AT ORGANIZATIONS INDEPENDENT OF EDGEWOOD. FORM 990, PART VI, SECTION C, LINE 19 EDGEWOOD COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 1,867,117. UNAMORTIZED BALANCE OF DINING SERVICES CONTRACT AT TERMINATION 134,474. SWAP MV CHANGE 604,482. EQUITY IN CNE INCOME 19,666.