2025-05-09T13:07:01-05:00 2024-06-30 135565207 KPMG LLP 500 W 5th Street Suite 800 WinstonSalem NC 27101 990 2023-07-01 591083502 Nova Southeastern University Inc NOVA 9542625258 3300 S University Drive Fort Lauderdale FL 33328 Dr Harry K Moon President and CEO 9542627500 2025-05-06 1 0 Whitney B Hebron P01226647 3362753394 2023 2025-03-06 01:10:19Z Nova Southeastern University Dr Harry K Moon 3300 S University Drive Fort Lauderdale FL 33328 1668626599 0 X www.nova.edu X 1964 FL Nova Southeastern University's primary activity is to provide educational services. See Part III. 26 25 8979 2053 7996049 0 69821603 85158261 833830196 891512657 26475311 38949724 7691478 8431437 937818588 1024052079 145586370 166827210 0 0 417806227 443427826 5000 175097 4183012 323295340 347243121 886692937 957673254 51125651 66378825 1990847965 2090842277 875454817 877763933 1115393148 1213078344 X The mission of NSU - a selective, doctoral research university - is to deliver innovative academic programs in a dynamic, lifelong learning and research environment fostering integrity, academic excellence, (continued on Schedule O)leadership, and community service through engaged students, faculty, and staff. 0 0 441278779 153904866 45875520 Instructional Services: Nova Southeastern University (NSU) offers undergraduate degrees, graduate and first professional degrees, and certificate programs to more than 20,000 full-time and part-time students in a wide range of fields, including the humanities, biological and environmental sciences, business, counseling, computer and information sciences, conflict resolution, education, family therapy, medicine, dentistry, various other health professions, law, marine science, performing and visual arts, psychology, and other social sciences. In addition to the main Fort Lauderdale/Davie and Oceanographic Campuses in South Florida, courses are taught at 9 regional campuses located across Florida, Puerto Rico, and Colorado; (continued on Schedule O)and at limited sites in other states and foreign countries. NSU has 15 colleges and schools : Abraham S. Fischler College of Education and School of Criminal Justice; College of Dental Medicine; College of Computing and Engineering; College of Optometry; Barry and Judy Silverman College of Pharmacy; College of Psychology; Dr. Kiran C. Patel College of Allopathic Medicine; Dr. Kiran C. Patel College of Osteopathic Medicine; Dr. Pallavi Patel College of Health Care Sciences; Farquhar Honors College; H. Wayne Huizenga College of Business and Entrepreneurship; Halmos College of Arts and Sciences; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; and the NSU University School. In fall 2023, NSU welcomed its largest undergraduate class with 2,029 first-time-in-college freshmen. In line with NSU's strategic expansion of undergraduates, overall undergraduate enrollment has steadily increased, growing 47 percent over the last five years to 7,219 in fall 2023. The expansion of HPD's medical professional programs, D.O. and M.D., drove the overall 20 percent increase in NSU's professional-level enrollment over the past five years. NSU is the largest educator of physicians in Florida and is one of only four universities in the United States to offer both a D.O. and M.D. program, and the first and only university in the state of Florida to grant both degrees. NSU graduated more than 400 physicians (D.O. and M.D. graduates combined) in each of the past two fiscal years, meeting a critical need in the health care industry. The increase in the undergraduate population coupled with increasing professional-level enrollments in the HPD, have helped to offset graduate enrollment declines in certain programs which are reflective of changes in the economy and educational demands in particular areas. In these areas, the university has implemented specific strategies to right-size resources and program offerings. Strategic action steps have also been taken in recruitment, admission, retention, and marketing efforts through enhanced communication plans, increased personal outreach to students, and increased faculty engagement in recruitment efforts. NSU has leveraged and supported its strengths in graduate and professional education while growing its undergraduate population. For example, the university's distinctive Dual Admission Program provides highly motivated undergraduate students with the opportunity to reserve a seat in selective graduate/professional programs while earning their bachelor's degree. This unique program has continued to attract academically highly qualified students, supporting strategic goals for enhanced student quality, experience, and outcomes. Other examples include the Abraham S. Fischler College of Education's Fischler Academy, an elite teacher preparation program, and the H. Wayne Huizenga College of Business and Entrepreneurship's Huizenga Business Innovation Academy. These academy programs allow first-time-in-college students to earn both their bachelor's and master's degrees in just four years. 117877434 177767 12136052 Academic Support: Programs include the NSU library system, computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. The university library system is composed of the Alvin Sherman Library, Research, and Information Technology Center; the Health Professions Division Library; the Law Center Library; the Oceanography Library; and the NSU University School Media Center. The 325,000-square-foot Alvin Sherman Library, Research, and Information Technology Center is a joint-use facility with the Broward County Board of County Commissioners. The facility contains electronic classrooms, group-study rooms, a large collaborative study room, a cafe, and (continued on Schedule O)service desks with staff trained and ready to serve library users.NSU Health's state-of-the art dental clinic at the Tampa Bay Regional Campus completed its first year of operations, treating patients in more than 6,000 individual visits during fiscal 2024. The clinic supports the College of Dental Medicine's expansion of its D.M.D. program to Tampa Bay, with its third cohort admitted in May 2024, for a total of 107 international dental students enrolled in Tampa Bay as of June 30, 2024. Fiscal 2024 also included noteworthy facilities projects, enhancing student experiences through technology and innovation. Examples include the spring 2024 opening of the Jerry Taylor and Nancy Bryant Trading Floor, an advanced educational space supporting hands-on experience in conducting research and managing a range of investments for H. Wayne Huizenga College of Business and Entrepreneurship students. The NSU University School's innovation lab was substantially completed (opening fall 2024), featuring a cutting-edge hub dedicated to robotics, exploration, experimentation, and fabrication for NSU's 2,000+ preschool through grade 12 students. The lab complements NSU's Alan B. Levan | NSU Broward Center of Innovation (the Levan Center of Innovation), which opened in fiscal 2022 and is one of the largest of its kind in the nation, featuring emerging technology supporting innovation and entrepreneurship. 83461901 785546 772100233 Auxiliary Enterprises: Nova Southeastern University's NSU Health is a patient centric, integrated health care network built on a foundation of education, research, and the highest quality patient care.NSU Health has many outpatient facilities and provides care in medical, dental, optometry, pharmacy, and mental health services, including family therapy. There are also specialty services available, such as audiology, occupational therapy, physical therapy, and speech language pathology. In addition to the health care facilities on the Fort Lauderdale/Davie Campus, NSU Health provides services to the surrounding community. (continued on Schedule O)NSU has numerous residence halls on the main campus that serve its students. The residence halls are living/learning centers that provide an environment conducive to student success.The Don Taft University Center is a more than 325,000-square-foot facility featuring three NCAA competition courts, group fitness and instruction rooms, cardio and weight training areas, squash courts, a rock climbing wall, and the Flight Deck Pub. The Performing and Visual Arts Wing of the Don Taft University Center includes state-of-the-art classrooms and facilities that support the art, dance, music, and theatre majors of the Department of Communication, Media, and the Arts (DCMA) at the Halmos College of Arts and Sciences. 181345808 11959031 61400852 Nova Southeastern University goes beyond its primary mission byreaching out to the community with diverse service programs andcommunity-based research. NSU is 1 of only 59 colleges anduniversities nationwide to hold both community engaged and high research activity designations. NSU delivers tangible benefits, including junior kindergarten throughdoctoral education, physical infrastructure, a professional workforce,employment opportunities, delivery of health care and law services inBroward and Miami-Dade counties, lifelong learning options,community-service initiatives, and public access to cultural andscholarly experiences.As Florida's largest private research university, NSU continues to grow its academic and scientific research activities.More than 200 research projects are currently under way at NSU,including studies on cardiovascular disease, anticancer therapies,chronic fatigue syndrome, autism, coral reef restoration, stem cells,and wildlife DNA forensics, among other subjects. The Center forCollaborative Research (CCR) consists of 215,000 square feet ofresearch and collaborative spaces. This project is registered with theU.S. Green Building Council (USGBC) and is the first NSU facility toachieve a LEED certification level of Gold. The facility houses corefacilities including Genomics, Flow Cytometry, Cell Therapy andImaging. The CCR brings multiple disciplines together, with studentsand NSU faculty members partnering with professionals and organizationsoutside of the NSU community-furthering cutting-edge research anddeveloping technologies that will benefit the global community. NSU attained new, multiyear grant awards in fiscal 2024, addressing topics of national significance. For example, the Halmos College of Arts and Sciences was awarded nearly $4 million from the National Oceanic and Atmospheric Association supporting research and mitigation efforts to preserve and restore Florida and the U.S. Caribbean's coral reefs. The College of Computing and Engineering was awarded two U.S. Department of Education grants totaling a combined $3.7 million to implement strategies and supports leading to improved academic success, retention, and outcomes in STEM disciplines. The Ron and Kathy Assaf College of Nursing was awarded funding from the Florida Department of Education and its healthcare partners to collaboratively build capacity for nursing education and address the growing nursing shortage in Florida. NSU Health received continued funding from the Florida Department of Health supporting expanded access to healthcare services for veterans and their families. 181345808 11959031 61400852 823963922 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 1 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 0 0 0 1 31137 0 1 8979 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 1 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI NY SC X Alyson Silva VP of Finance & CFO 9542625258 3300 S University Dr Fort Lauderdale FL 33328 George L Hanbury II PhD President/Chief Executive Officer 37.50 X X 1330212 0 551837 Ronald G Assaf Trustee 2.00 X 0 0 0 Walter L Banks Sr Trustee 2.00 X 0 0 0 Mitchell W Berger Trustee 2.00 X 0 0 0 Rita Case Trustee 2.00 X 0 0 0 Suzi Cordish Trustee 1.50 X 0 0 0 R Douglas Donn Trustee 1.50 X 0 0 0 James Donnelly Trustee 1.50 X 0 0 0 Arthur J Falcone Trustee 2.00 X 0 0 0 Steven J Halmos Trustee 1.50 X 0 0 0 Carol Harrison Kalagher Trustee 2.00 X 0 0 0 Milton L Jones Jr Trustee 2.00 X 0 0 0 Barbara Trebbi Landry Trustee 2.00 X 0 0 0 Alan B Levan Trustee 7.75 X 0 0 0 Nell McMillan Lewis Trustee 2.00 X 0 0 0 Albert J Miniaci Trustee 1.50 X 0 0 0 Samuel F Morrison Secretary 1.50 X X 0 0 0 Anthony N Ottaviani Trustee 1.50 X 0 0 0 Charles L Palmer Chair 5.00 X 0 0 0 Kiran C Patel Trustee 1.50 X 0 0 0 George Platt Trustee 1.50 X 0 0 0 Martin R Press Trustee 2.00 X 0 0 0 Paul M Sallarulo Trustee 1.50 X 0 0 0 Barry J Silverman Vice Chair 2.00 X 0 0 0 J Kenneth Tate Trustee 2.00 X 0 0 0 Zachariah P Zachariah Trustee 2.00 X 0 0 0 Michael Zager Trustee 2.50 X 0 0 0 Harry K Moon Exec VP & COO 37.50 X 567380 0 54184 Alyson Silva VP Finance & CFO 37.50 X 396442 0 59283 Elaine M Wallace Dean - Coll of Osteopathic Medicine 37.50 X 728530 0 50330 Ronald Chenail Provost/Exec VP Acad Affairs 37.50 X 473182 0 54420 Guy Nehrenz Interim Dean-Coll of Hlth Care Scs 37.50 X 244658 0 45916 Stanley Wilson Interim Dean-Coll of Hlth Care Scs 37.50 X 222312 0 43866 Daniel Alfonso VP Facilities Management 37.50 X 348245 0 48467 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 37.50 X 707312 0 54557 Steven Kaltman Dean - Coll of Dental Medicine 37.50 X 434323 0 53148 Ray Ferrero University Chancellor 37.50 X 404929 0 57417 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 37.50 X 458710 0 43887 Robert Pietrykowski VP Human Resources 37.50 X 394413 0 29512 Frederick Lippman Former Key Employee 37.50 X 289062 0 30716 Irving Rosenbaum Former Key Employee 37.50 X 302494 0 40769 7302204 0 1218309 985 1 1 0 Encompass Onsite Solutions 6555 Powerline Rd Ste 304 Ft Lauderdale FL 33309 Janitorial 16188819 Kibler Contruction LLC 4101 Ravenswood Rd Ste 304 Ft Lauderdale FL 33312 Construction 14640073 Chartwells PO BOX 50196 Los Angeles CA 90074 Food Services 9886803 KL Media Partners 1820 N Corporate Lakes Blvd Suite Weston FL 33326 Advertising 5616279 Panza Maurer & Maynard PA 2400 E Commercial Blvd Ft Lauderdale FL 33308 Legal 5145749 107 339018 49036342 35782901 1861582 85158261 Tuition and Fees 611710 808927174 808927174 Auxiliary Operation 611710 61520852 31893647 29627205 21064631 21037954 26677 891512657 22721254 -2007 22723261 186155 101932 84223 84223 84223 657602415 1767674 642048800 1092819 15553615 674855 16228470 16228470 239065 339018 279476 -40411 -40411 2368053 1051493 1316560 65336 1251224 Grande Oaks LLC 713910 7071065 350910 6720155 7071065 1024052079 862275021 7996049 68622748 5423240 5423240 161364144 161364144 39826 39826 4722080 1233837 2974733 513510 349899327 309350239 39449280 1099808 24044753 21176768 2777189 90796 40067743 35144471 4746791 176481 24693923 21642484 2940653 110786 8173508 144020 8029488 680468 31750 648718 1532173 1532173 175097 175097 1016099 1016099 52096192 42671068 9043530 381594 10320133 668195 9645155 6783 32827852 26828756 5718734 280362 20854289 18478941 2255676 119672 29888 29888 86695516 73468701 13204578 22237 5402319 4643662 742561 16096 2954621 2659204 269221 26196 22393742 15324125 7069617 45428342 39235979 5985983 206380 18538967 12807884 5731083 Small Equipment 11321080 10951042 269100 100938 Bad Debt Expense 6638030 5640599 997431 Dues and Subscriptions 5811151 4824991 979138 7022 Special Promotions 5231031 3566464 820189 844378 9297720 6613644 2679200 4876 957673254 823963922 129526320 4183012 23708429 29276047 31673142 21622476 61322914 62155965 28941385 29648842 4103303 3438905 957728 765924 12912936 13486086 1536413105 630446120 889846127 905966985 766641805 807492375 71974951 108970012 98765245 108018660 1990847965 2090842277 50164479 54063972 88239354 95361976 271058739 259605842 465992245 468732143 875454817 877763933 X 906215366 980099114 209177782 232979230 1115393148 1213078344 1990847965 2090842277 66378825 31306371 0 X 0 1 X 1 1 1 X 58628987 81396561 74738833 69821603 85158261 369744245 58628987 81396561 74738833 69821603 85158261 369744245 3102378 366641867 11571744 12448634 15915903 17293155 22907409 80136845 449881090 3939286881 0.81500 0.82330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 16500 1 1515673 0 0 1532173 0 Part II-B, Line 1: Line 1f: During the reporting period, a portion of the university's payment to a 501 (c) membership organization was allocated to support its lobbyist who works to secure state funding. Line 1g: These expenses are for services of professional consultants hired by the university to engage in direct lobbying. These consultants work on Nova Southeastern University's behalf meeting or calling on government officials or legislators requesting support for specific projects and programs regarding higher education, research funding and other legislation which could impact the university. Also included are travel costs for students and faculty to travel to Tallahassee, FL to participate in the American Association of Colleges of Osteopathic Medicine's "Dean's Day on the Hill" to educate legislators about their medical profession and voice their support for federal policies and programs that are vital to the full continuum of their profession. X X X X 0 224940097 9234659 22020020 2342974 1774917 252076885 200765883 13417375 15817036 2762221 2297976 224940097 226992581 10751961 -31605482 2142148 3231029 200765883 174150809 12450466 44868798 2405895 2071597 226992581 170727010 5165324 2173352 3239410 675467 174150809 0.28000 0.50000 0.22000 0 0 94146 75030020 75124166 8151651 976533563 320967281 663717933 46312829 40970406 5342423 227637971 179047688 48590283 202652925 89460745 113192180 905966985 Comingled funds 96773107 F Private capital 12196905 F 108970012 Operating Lease Right-of-Use Assets 85061785 Other Assets 22956875 108018660 Other Current Liabilities 12316504 Accrued Insurance 20690366 Grande Oaks Other LT Liabilities 3998140 Current Student Deposit 9313868 Liabilities for Refundable Student Loans 3666068 Other Long Term Liabilities 8905654 Lease Liability 91491544 Taxable Bonds 318349999 468732143 X Part III, Line 1a: The NSU Art Museum Fort Lauderdale acquires art for its collection through purchase or gift. As permitted by SFAS 116 (ASC 958), accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection or for the direct care of its collection (expenditures that enhance the life, usefulness, or quality of an object, and improve the physical impact and condition of an item). Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities within other revenues and expenses, respectively. Part III, Line 4: Nova Southeastern University operates the NSU Art Museum Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. Part V, line 1g Col (a): The amounts listed in Part V, Line 1g, include endowment-related pledges receivable. As of June 30, 2024 endowment-related pledges receivable totaled $34 million. Part V, Line 4: The University's endowment consists of approximately 436 individual endowments (which includes both donor restricted endowment funds and funds designated by the board of trustees) which have been set aside and invested primarily for scholarships. Part X, Line 2: Accounting for Uncertainty in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2024 or 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 See Part II Line 3 - Explanation of Nondiscrimination Policy: Consistent with all federal and state laws, rules, regulations, and/or local ordinances, it is the policy of Nova Southeastern University not to engage in any discrimination or harassment against any individuals and to comply with all federal and state laws, orders, and regulations. Any such acts are unacceptable and strictly prohibited by the University. In addition, the law prohibits retaliation against an individual for opposing any practices forbidden under this policy, for bringing a complaint of discrimination or harassment, for assisting someone with such a complaint, for attempting to stop such discrimination or harassment, or for participating in any manner in any investigation or resolution of a complaint of discrimination or harassment. This policy applies to all activities and programs. Line 6 - Explanation of Government Financial Aid: Students receive financial aid from the federal government. State aid is provided through grants. 1 Central America/Caribbean Investments 50735544 Central America/Caribbean 0 0 Program Service Education 175620 Central America/Caribbean 0 2 Program Service Mission Trip 18210 Europe 0 9 Program Service Education 125328 Europe 0 0 Program Service Grants/assistance 39826 Europe 0 2 Program Service Present at conference 5501 North America 0 1 Program Servcies Present at conference 1258 South America 0 1 Program Services Present at conference 763 0 15 0 0 0 15 51102050 0 51102050 Europe (Including Iceland & Greenland) Research 39826 bank wire 0 1 1 0 1 0 1 1 Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Part I, line 3: The amounts reported in column (f) include primarily the direct expenditures for the regions listed, recorded on the accrual method of accounting. X X X X X X X 1 Grenzebach Glier & Associates Inc 200 South Michigan Avenue Ste 2100 Chicago IL 60604 campaign consulting 0 0 8500 -8500 Huron Consulting Services LLC 550 W Van Buren St Chicago IL 60607 campaign consulting 0 0 34600 -34600 Ashley Boxer Consulting LLC 100 SE 3 Avenue 10th Floor Fort Lauderdale FL 33394 advancement consulting 0 0 90000 -90000 Judy Marini 2401 South Ocean Drive 1202 Hollywood FL 33019 auction services 0 0 7500 -7500 140600 -140600 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NJ NSU Golf Classic 248735 119796 128939 6430 42734 13190 105236 Museum Celebration Gala 172628 143100 29528 8900 13300 10083 3 156720 76122 80598 1211 11759 25328 41305 578083 339018 239065 16541 67793 38518 156624 279476 -40411 Schedule G, Part I, Line 2b, Column (v) Grenzebach Glier and Associates - The total amount paid to Grenzebach Glier and Associates during the fiscal year ended June 30, 2024 was $13,264 which included professional fundraising fees of $8,500 and expenses of $4,764. The contract between Nova Southeastern University and Grenzebach Glier and Associates calls for the reimbursement of travel related fundraising expenses such as airfare and hotel, which are invoiced separately. Huron Consulting Services - The total amount paid to Huron Consulting Services during the fiscal year ended June 30, 2024 was $64,333 which included professional fundraising fees of $34,600 and expenses of $848. The contract between Nova Southeastern University and Huron Consulting Services calls for the reimbursement of travel related fundraising expenses such as airfare and hotel, which are invoiced separately. Huron Consulting Services was also paid $28,885 under a separate contract related to software licensing. 1 Everglades Ahec 5725 Corporate Way Ste 102 West Palm Beach FL 33407 592740558 501(C)(3) 1621816 0 Instruction Central Florida Ahec Inc 328 S Central Ave Apopka FL 32703 593050122 501(C)(3) 1479499 0 Instruction Research Triangle Institute PO BOX 12194 Research Triangle Park NC 27709 560686338 501(C)(3) 365317 0 Research Florida International University ORED MARC 470 Miami FL 33199 650177616 State of FL 208125 0 Research South Florida VA Foundation for Research 121 NW 16 Street Miami FL 33125 650207903 501(C)(3) 156418 0 Research Care Resource-Community Aids Resource 3510 Biscayne Blvd 300 Miami FL 33137 592564198 501(C)(3) 147974 0 Community Service University of North Carolina at Wilmington 601 S College Road Wilmington NC 28403 561258660 State of NC 124627 0 Research SymbioSeas PO BOX 1189 Carolina Beach NC 28428 471900024 501(C)(3) 123428 0 Research Mote Marine Lab 1600 Ken Thompson Parkway Sarasota FL 34236 590756643 501(C)(3) 107221 0 Research Georgetown University 37th and O Streets NW Washington DC 20057 530196603 501(C)(3) 93118 0 Research University of Miami PO Box 248106 Coral Gables FL 33146 590624458 501(C)(3) 90330 0 Research Palo Alto Veterans Institute for Research 3801 Miranda Avenue Palo Alto CA 94304 770207331 501(C)(3) 65341 0 Research University of South Florida 4019 E Fowler Ave Suite 100 Tampa FL 33617 593102112 State of FL 58698 0 Research Weill Medical College of Cornell University 1300 York Avenue New York NY 10065 131623978 501(C)(3) 56921 0 Research Caridad Center 8645 W Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 50044 0 Instruction Boston University 881 Commonwealth Avenue Boston MA 02215 042103547 501(C)(3) 47362 0 Research The Florida Aquarium 701 Channelside Drive Tampa FL 33602 592807815 501(C)(3) 45047 0 Research Georgia Tech Research Corporation 926 Dalney Street NW Atlanta GA 30332 580603146 501(C)(3) 44728 0 Research Meta Media Training Intl Inc 5257 Buckeystown Pike Frederick MD 21704 522236176 37000 0 Instruction Healthy Aquatics Marine Institute of Florida Inc 520 24th Street West Palm Beach FL 33407 813369434 501(C)(3) 33206 0 Research University of Rochester 910 Genesee Street Suite 200 Rochester NY 14611 160743209 501(C)(3) 29139 0 Research Florida Atlantic University 777 Glades Road Boca Raton FL 33431 650385507 State of FL 28216 0 Instruction,Research University of Florida PO Box 113001 Gainesville FL 32611 596002052 State of FL 25500 0 Research Baylor College of Medicine Once Baylor Plaza BCM 200 Houston TX 77030 741613878 501(C)(3) 23750 0 Research Veterans Bio-Medical Research Institute Inc 385 Tremont Avenue East Orange NJ 07018 222995785 501(C)(3) 20861 0 Research South Florida Autism Charter School 18305 NW 75 Pl Hialeah FL 33015 263880489 501(C)(3) 20000 0 Instruction University of North Carolina at Chapel Hill PO BOX 402420 Atlanta GA 30384 566001393 State of NC 17197 0 Research Duke University 2200 W Main Street Ste 300 Durham NC 27705 560532129 501(C)(3) 15110 0 Research Smithsonian Institution 1000 Jefferson Drive S W Washington DC 20560 530206027 501(C)(3) 15058 0 Research University of Central Florida PO Box 160118 Orlando FL 32816 592924021 State of FL 6748 0 Research Baptist Health South Florida Foundation 6855 Red Road Ste 600 Coral Gables FL 33143 591923401 501(C)(3) 25000 0 External Donation 30 1 Student Financial Assistance 11627 161356194 n/a NSU Cares Support Fund 20 7950 n/a Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Schedule I, Part I, Line 2: Institutional grants awarded to students are recorded to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of awards varies by center and program. Funds set aside for scholarships are budgeted annually and included in the University's budget plan approved by the Board of Trustees. X X X X X 1 1 X X X X 0 1 0 1 0 0 0 0 0 George L Hanbury II PhD President/Chief Executive Officer 853032 0 0 0 477180 0 526914 0 24923 0 1882049 0 0 0 Elaine M Wallace Dean - Coll of Osteopathic Medicine 714858 0 0 0 13672 0 33000 0 17330 0 778860 0 0 0 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 683335 0 0 0 23977 0 33000 0 21557 0 761869 0 0 0 Harry K Moon Exec VP & COO 536798 0 0 0 30582 0 33000 0 21184 0 621564 0 0 0 Ronald Chenail Provost/Exec VP Acad Affairs 460078 0 0 0 13104 0 33000 0 21420 0 527602 0 0 0 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 454939 0 0 0 3771 0 33000 0 10887 0 502597 0 0 0 Steven Kaltman Dean - Coll of Dental Medicine 425973 0 1710 0 6640 0 33000 0 20148 0 487471 0 0 0 Ray Ferrero University Chancellor 367572 0 0 0 37357 0 33000 0 24417 0 462346 0 0 0 Alyson Silva VP Finance & CFO 395902 0 0 0 540 0 33000 0 26283 0 455725 0 0 0 Robert Pietrykowski VP Human Resources 391114 0 0 0 3299 0 8035 0 21477 0 423925 0 0 0 Daniel Alfonso VP Facilities Management 333916 0 0 0 14329 0 33000 0 15467 0 396712 0 0 0 Irving Rosenbaum Former Key Employee 300006 0 0 0 2488 0 30249 0 10520 0 343263 0 0 0 Frederick Lippman Former Key Employee 286788 0 0 0 2274 0 28809 0 1907 0 319778 0 0 0 Guy Nehrenz Interim Dean-Coll of Hlth Care Scs 242750 0 0 0 1908 0 25130 0 20786 0 290574 0 0 0 Stanley Wilson Interim Dean-Coll of Hlth Care Scs 220810 0 0 0 1502 0 23087 0 20779 0 266178 0 0 0 Part I, Line 1a Supplemental Compensation Information: First class travel - Per the travel policy of Nova Southeastern University, Inc., all travel must be by the most direct or economical route. Higher fares may be reimbursable only when coach accommodations would: (1) require circuitous routing; (2) require travel during unreasonable hours; (3) greatly increase the duration of the flight; (4) result in additional costs which would offset the transportation savings; (5) offer accommodations which are not reasonably adequate for the medical needs of the traveler. These exceptions will require the traveler to submit a letter of approval signed by their Dean or Vice President. When traveling by air, the Board of Trustees have approved the President and his spouse to travel at a First Class fare (or business class if it is not available), while taking care to use available coupons, rewards or certificates when feasible. Travel for companions - Per the travel policy of Nova Southeastern University, Inc., when a spouse or dependent accompanies the employee, the University will pay for only the travel costs of the employee. Occasionally, spouses of faculty and staff are asked to travel on University business. Spouse travel reimbursement by the University requires approval by a Dean or Officer, or their authorized representative. If the business purpose of the spousal travel is not properly documented, it will be taxed to the employee. Gross-up payments - Tax gross-up payments may occasionally be provided to university employees and in those instances are included in taxable compensation. Housing allowance - A housing allowance is provided to the president of the University. This allowance is fully taxable to the recipient. Social club dues - The University provides certain executives with a club membership cash allowance, which is treated as taxable to the employee and included in his or her compensation. Part I, Line 4b George L. Hanbury's employment agreement includes a deferred compensation arrangement. The estimated deferred amount attributable to one service year is reported in Schedule J, Part II, Column(C). Part I, Line 5 Steven Kaltman received an incentive bonus payment that was calculated as a percentage of net collections from dental clinic activity. Amounts paid are shown in Schedule J, Part II, Column(BII). A HEFFA Series 2016 900058227 34073TGK7 2016-05-12 103761055 Refund 2006 & 2011 0 0 0 B Town of Davie Florida Series 2018 596046527 23867PBU1 2018-07-27 157517526 Const. & Refund 2008A 0 0 0 C FDFC Series 2020A 593270584 34061UEZ7 2020-06-30 44529711 Refund 2009 & 2012B 0 0 0 A 100000 103992585 985325 103007260 2016 1 1 1 1 B 5670000 158838362 4669058 1511755 98087636 54569913 2019 1 0 1 1 C 21535000 44529711 392680 44137031 2019 1 0 1 1 A 0 0 1 1 0 0.01770 0.00000 0.01770 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 0 0.00460 0.00000 0.00460 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 issued on February 15, 2011 Row B: (a)Town of Davie, Florida 2018 (f)Refund the outstanding 2008A Bonds and building an approximately 609-bed dormitory facility and approximately 1,300- space parking garage on main campus and may also be used to finance and refinance, all or in part, the acquisition,construction,improvement and equipping of other residence halls and classrooms located on the main campus Row C: (a)Florida Development Finance Corporation (FDFC)Series 2020A (f)Refund the outstanding Town of Davie, Florida Series 2009 and the HEFFA Series 2012B bond. The 2009 Bonds were reissued for federal income tax purposes on August 1, 2012. Part II, Line 3: Total proceeds of HEFFA/Series 2016 bond includes investments earnings totaling $231,530. Part II, Line 3: Total proceeds of Town of Davie, Florida 2018 bond includes investments earnings totaling $1,320,836 and the unused cost of issuance totaling $28,402 (explained more fully in Part VI Disclosure for Part II, Line 7). Part II, Line 7: Town of Davie, Florida series 2018 Cost of Issuance: The cost of issuance per the Form 8038 totaling 1,540,157 is $28,402 more than the amount reported on Part II, line 7 totaling $1,511,755 due to the actual cost of issuance being less than budgeted. As a result, the $28,402 was expended for Series 2018 projects. Part II, Line 13 The years of substantial completion reported on Part II, Line 13 represent the calendar year in which the University's fiscal year began. Part III, Line 2: Town of Davie, Florida Series 2018 and FDFC, Series 2020A The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University reports private business use through leases of bond-financed facilities on Part III, Line 4, except where it has determined that such use is fully offset with qualified equity through direct or floating allocation. Part III, Line 3 The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University has determined that all management and service contracts fall within one of the available safe harbors under Rev. Proc. 97-13 or 2017-13, the incidental use exception, or are fully offset with qualified equity through direct or floating allocation. Part IV, Line 2c Issue Name: HEFFA Series 2016 Date the rebate computation was performed: 5/28/21 Issue Name: Town of Davie, Florida Series 2018 Date the rebate computation was performed: 9/8/23 106453 Tuition Waivers/Scholarships for family members To attend Nova Southeastern University 20006 Tuition Waivers/Scholarships for Key Employees to attend Nova Southeastern University Anne H Rambo Family member of former key employee, Irving Rosenbaum 168760 Employment at Nova Southeastern University, Inc. 0 Jill Wallace-Ross Family member of current key employee, Elaine Wallace 264200 Employment at Nova Southeastern University, Inc. 0 X 9 0 X 0 X 0 X 11 1861582 FMV X 19 0 X 11 0 X See Part II 8 0 X See Part II 20 0 5 0 1 0 Part I, Column (b): The amount reported is column (b) represents the number of contributions received throughout the year for each type of property listed. Schedule M, Part I, Line 25: Equipment - non cash contributions of various equipment. Schedule M, Part I, Line 26: Other - includes various items donated for events, such as catering or items to be auctioned, such as dining gift cards and tickets to special events. Schedule M, Part I, Line 33: Works of art on line 1(c) were not reported as revenue, as permitted under generally accepted accounting principles. A zero amount was reported for those contributions because the organization does not capitalize its collections, as allowed under ASC 958-360-25, formerly known as SFAS 116. Other than works of art, in instances where no amounts were reported in column (c), contribution revenue was not recorded based on immateriality. Form 990, Part VI, Section A, line 1a Explain delegation of authority to an executive committee by the governing body: In accordance to Nova Southeastern University bylaws, the Executive Committee, established by the Board of Trustees (BOT), consists of the Chair of the Board of Trustees who shall serve as Chair of the Executive Committee, the Vice Chair of the Board of Trustees, the President, the chairs of the standing committees of the Board, and no more than two (2) other members of the Board as designated by the Board Chair. The Executive Committee has the power to transact all business delegated to it by the BOT and shall, during periods between meetings of the BOT and for all matters of an urgent nature for which it is impractical or impossible to delay decisions until the next meeting of the BOT, have the power to transact all business of the BOT in the management of the Corporation, subject to any limitations otherwise imposed on the BOT as a whole. The Executive Committee shall have such additional powers as conferred upon it by the BOT, and shall report in writing to the BOT following each meeting. Form 990, Part VI, Section A, line 2 Trustees George Platt and Charles L. Palmer - business relationship. Form 990, Part VI, Section B, line 11b Describe the process used by the organization to review this Form 990: The Form 990 is prepared by the Nova Southeastern University Tax Department and reviewed by the Controller, then presented to the University's outside tax accountants (KPMG, LLP) for review. After review by the outside tax accountants, a draft copy of the Form 990 and all required schedules are provided for review to the Vice President of Finance/Chief Financial Officer and the President/Chief Executive Officer of the University. Upon completion of the internal review, the final form 990 and all required schedules are initially provided to the Executive Committee of the Board of Trustees and subsequently made available to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Describe how the organization monitors and enforces compliance with its conflict of interest policy: Nova Southeastern University (NSU) has a written Conflict of Interest/Conflict of Commitment Policy which applies to all NSU employees. Anyone with knowledge of a conflict or potential conflict is required to immediately advise their Dean/Vice President or the Office of Human Resources. All full-time and part-time faculty members and staff members at the Director level and above are required to complete NSU's Conflict of Interest/Conflict of Commitment Declaration & Disclosure Statement, upon hire and then annually, identifying any actual or potential conflicts. If a potential or perceived conflict of interest/conflict of commitment is identified, the Dean/Vice President is responsible for developing and monitoring a Management plan to address and/or eliminate the conflict/conflict of commitment. Under the Conflict of Interest Policy affecting Trustees in the Audit and Compliance Committee Charter, Trustees have a duty at all times to promptly disclose in writing to the NSU President any current, proposed or pending situation that does or may constitute a Conflict of Interest. Additionally, the Policy requires that on an annual basis all Trustees must complete and sign a Disclosure/Conflicts of Interest Questionnaire. The policy states how conflicts are managed, reduced or eliminated and with respect to any Conflicts of Interest before the Audit and Compliance Committee or NSU's Board of Trustees, in no event may the trustee with the Conflict of Interest (1) be present, participate in the deliberations, or vote, or (ii) attempt to improperly influence the deliberations or the vote. The Trustee's Conflict of interest and recusal are noted in the minutes to any such meeting. Form 990, Part VI, Section B, line 15 Process for determining compensation of Officers and Key positions: A comparative analysis for the position of President/CEO is performed by the Vice President of Human Resources and provided to the compensation committee of the Board of Trustees whose members are appointed by the Board Chair. The analysis is reported to the Executive Committee, who informs the Board of Trustees. Compensation analysis and recommendations for other university officers and key positions are prepared by the Office of Human Resources and reviewed by the university's senior executives. Form 990, Part VI, Section C, line 19 Nova Southeastern University's audited financial statements are part of its Annual Report which is made available on its website at http://www.nova.edu/fop/. In addition, the public at large may receive a copy of the report upon request. The University's Conflict of Interest Policy is available on its website at https://www.nova.edu/hr/conflict-interest. The University's Articles of Incorporation can be requested by the public from the Florida, Department of State, Division of Corporations. The University's Bylaws are not made available to the public. NSU Grande Oaks LLC 3201 W Rolling Hills Circle Fort Lauderdale FL 33328 204811801 Golf Course FL 9330109 42994781 Nova Southeastern University Inc NSU Park Plaza LLC 3300 S University Drive Fort Lauderdale FL 33328 954893480 Commercial Real Estate FL -236968 2823814 Nova Southeastern University Inc NSU Health LLC 3300 S University Drive Fort Lauderdale FL 33328 863475957 Health services FL 0 0 Nova Southeastern University Inc NSU Guaranty Insurance Company LTD c/o Willis Mgt PO Box 30600 KY1 12 Grand Cayman CJ KY1-1203 Insurance Captive CJ Nova Southeastern University Inc C 37300496 1.00000 1 The Pointe Corp Office Park Prop Owners Assn Inc 3300 S University Drive Fort Lauderdale FL 33328 460743930 Prop Owner's Assn (no activity) FL Nova Southeastern University Inc C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 NSU Guaranty Insurance Company LTD S 1745464 claims reimbursed NSU Guaranty Insurance Company LTD R 75822 expenses reimbursed