2025-05-05T10:25:42-05:00 2024-06-30 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-07-01 520591421 ST JOHN'S COLLEGE STJO 4102632371 60 COLLEGE AVENUE ANNAPOLIS MD 21401 ALLY GONTANG-HIGHFIELD VP OF FINANCE & OPS, CFO 4106262514 2025-05-01 1 1 AARON M FOX P01365820 2022274000 2023 2025-03-06 01:10:19Z NORA DEMLEITNER 60 COLLEGE AVENUE ANNAPOLIS MD 21401 138514366 0 X WWW.SJC.EDU X 1784 MD TO PROVIDE POST-SECONDARY EDUCATION. 37 33 1035 188 256382 0 52443209 68638739 46299882 49070302 6076383 14225878 10889 29592 104830363 131964511 19242630 20734580 0 0 34667032 35266248 0 0 3965369 26501273 26557043 80410935 82557871 24419428 49406640 421849310 494322668 53553986 53641814 368295324 440680854 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 65245825 20734580 49165909 GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 1,000 STUDENTS. 65245825 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 1 0 0 1 0 0 0 0 1 0 0 0 1 X 278 0 1 1035 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 37 33 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 326655 0 155137 NORA DEMLEITNER PRESIDENT - ANNAPOLIS 35.00 X X 310040 0 147545 SUSAN PAALMAN DEAN - ANNAPOLIS 35.00 X X 123750 0 59139 SARAH DAVIS DEAN - SANTA FE 35.00 X X 109231 0 48704 WARREN J SPECTOR CHAIR 1.00 X 0 0 0 PAMELA SAUNDERS-ALBIN VICE CHAIR 1.00 X 0 0 0 JOEL KLEIN SECRETARY 1.00 X 0 0 0 MARTI ACOSTA MEMBER 1.00 X 0 0 0 RODINO ANDERSON MEMBER 1.00 X 0 0 0 STEVEN BOHLIN MEMBER 1.00 X 0 0 0 ALICIA DONDO MEMBER 1.00 X 0 0 0 CARLA ECHEVARRIA MEMBER 1.00 X 0 0 0 JOHN L GRAY 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 JOAN HARATANI MEMBER 1.00 X 0 0 0 JACK KINZIE MEMBER 1.00 X 0 0 0 TOM KRAUSE 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 ROB MASS MEMBER 1.00 X 0 0 0 WES MOORE EX-OFFICIO 1.00 X 0 0 0 KELSEY MURRAY MEMBER 1.00 X 0 0 0 TIA PAUSIC 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 DANIEL RAIZEN MEMBER 1.00 X 0 0 0 ZACH RASMUSON MEMBER 1.00 X 0 0 0 ANDY REEHER 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 SARAH SHEPHERD MEMBER 1.00 X 0 0 0 SARAH SMART 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 KATARINA WONG MEMBER 1.00 X 0 0 0 RIMA ALLY GONTANG-HIGHFIELD VP OF FINANCE & OPS, CFO 35.00 X 176106 0 42797 BENJAMIN BAUM VP OF ENROLLMENT 35.00 X 170500 0 10771 PHELOSHA M COLLAROS VP ALUM REL UNTIL 10/23, VP BOARD GOV. & STRAT. 35.00 X 137486 0 23301 CAROL CARPENTER VP OF COMMUNICATIONS 35.00 X 121290 0 16776 SCOTT GREATOREX EXECUTIVE DIRECTOR OF MAJOR GIFTS 35.00 X 160566 0 20157 EDWARD WALPIN ASSOC. DEAN, GRAD. INSTITUTE (SF) 35.00 X 127633 0 50394 CHRISTINE L GUEVARA VP FOR STUDENT ENGAGEMENT (SF) 35.00 X 135650 0 36964 J WALTER STERLING TUTOR (SF) 35.00 X 121907 0 48132 DAVID TOWNSEND TUTOR (AN) 35.00 X 140777 0 24592 KELLY BROWN FORMER VP OF ADVANCEMENT - AN 0.00 X 106545 0 22043 2268136 0 706452 44 1 1 0 WHITING-TURNER CONTRACTING COMPANY 300 E JOPPA RD TOWSON MD 21286 CAMPUS IMPROVEMENT 7959657 AMERESCO PO BOX 419135 BOSTON MA 02241 CAMPUS IMPROVEMENT 4219315 BON APPETIT PO BOX 417632 BOSTON MA 02241 DINING SERVICES 2375864 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 2361414 AR MARANI 7500 HARFORD RD BALTIMORE MD 21234 CAMPUS IMPROVEMENT 1189757 25 54000 3711899 64872840 43346556 68638739 TUITION AND FEES 611710 36552737 36552737 ROOM AND BOARD FEES 611710 10467125 10467125 OTHER PROGRAM SERVICES 611710 1671881 1671881 AUXILIARY ENTERPRISES 611710 378559 378559 49070302 3242756 256382 2986374 16855851 5872729 10983122 10983122 10983122 198303 54000 264318 -66015 -66015 508415 412808 95607 95607 131964511 49165909 256382 13903481 X 17286175 17286175 3448405 3448405 1962350 414126 1493399 54825 25932934 21087684 3015658 1829592 1172913 972882 115587 84444 4412325 2557962 1503562 350801 1785726 1376158 279095 130473 242857 12956 229263 638 256189 256189 1039843 1039843 4430975 3162512 735783 532680 630718 160213 27 470478 1739207 1464453 104798 169956 2158170 131393 1986693 40084 1724117 1686530 32660 4927 588106 424489 101763 61854 794778 505729 205565 83484 1193597 1193597 5078792 4947231 110757 20804 658984 8553 630426 20005 DINING HALL 4736686 4736686 OTHER 983378 694139 238225 51014 LECTURES, EVENTS & REL. 169067 167549 1509 9 DEBT EXPENSE 131579 72278 59301 82557871 65245825 13346677 3965369 52597 52335 12164931 12651089 67062274 67764764 8578132 147014 3256011 3552178 397078 501422 1327436 1334749 219989657 96853478 105631857 123136179 94911282 168264043 126953758 115244993 1513954 1673902 421849310 494322668 21646545 22490180 95769 32690 2024378 2527268 29229484 28305181 557810 286495 53553986 53641814 X 52983845 50251722 315311479 390429132 368295324 440680854 421849310 494322668 X 49406640 20712573 2266317 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 261914460 41835512 32124985 5965916 7126106 322782935 246868711 6048481 23411314 6086291 8327755 261914460 283938163 7157367 -31272878 5215208 7738733 246868711 234012897 15235593 48129730 4690486 8749571 283938163 217294158 13818934 14217964 4227401 7090758 234012897 0.02401 0.84376 0.13222 1 0 4886666 4886666 201657201 86339692 115317509 12284541 10513786 1770755 1161249 1161249 123136179 GLOBAL EQUITY FUNDS 29471315 F HEDGE FUNDS 31883719 F PRIVATE EQUITY FUNDS 52700369 F CHARITABLE REMAINDER TRUSTS 1189590 F 115244993 DEFERRED BOND ISSUANCE COSTS -401541 UNAMORTIZED BOND DISCOUNT -610463 ASSET RETIREMENT OBLIGATIONS 1298499 286495 X 131579787 20712573 677126 21389699 110190088 1039843 20734580 21774423 131964511 61460574 677126 677126 60783448 1039843 20734580 21774423 82557871 PART III, LINE 4: SANTA FE THE ARTWORK PLACED AROUND CAMPUS, AS WELL AS LIBRARY BOOK COLLECTION, FURTHER THE PURPOSE OF THE COLLEGE BY EXPOSING STUDENTS TO FINE WORKS OF ART, IN BOTH THE WRITTEN AND SCULPTED FORM THE EXCELLENCE AND DEPTH OF THOUGHT AND CREATIVITY EXPECTED OF OUR STUDENTS. 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 PAINTING. 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, 2024, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 412,808. SPECIAL EVENTS EXPENSES 264,318. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 20,734,580. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 412,808. SPECIAL EVENTS EXPENSES 264,318. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 20,734,580. 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 164032 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 68850 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 1322181 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 706767 NORTH AMERICA 0 0 GRANTMAKING 156308 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 290884 SOUTH AMERICA 0 0 GRANTMAKING 76632 SOUTH ASIA 0 0 GRANTMAKING 508260 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 318523 0 0 0 0 0 0 3293914 318523 3612437 SCHOLARSHIPS & ASSISTANCE CENTRAL AMERICA AND THE CARIBBEAN 2 68850 OTHER OTHER SCHOLARSHIPS & ASSISTANCE EAST ASIA AND THE PACIFIC 57 1322181 OTHER OTHER SCHOLARSHIPS & ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) 24 706767 OTHER OTHER SCHOLARSHIPS & ASSISTANCE NORTH AMERICA 7 156308 OTHER OTHER SCHOLARSHIPS & ASSISTANCE RUSSIA AND NEIGHBORING STATES 10 290884 OTHER OTHER SCHOLARSHIPS & ASSISTANCE SOUTH AMERICA 4 76632 OTHER OTHER SCHOLARSHIPS & ASSISTANCE SOUTH ASIA 17 508260 OTHER OTHER SCHOLARSHIPS & ASSISTANCE SUB-SAHARAN AFRICA 10 318523 OTHER OTHER 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. CROQUET - AN CAMPUS 173268 49000 124268 49185 8915 2000 122070 GREAT CONVERSATIONS - AN CAMPUS 44150 5000 39150 4790 7411 2 34885 34885 38750 866 30331 252303 54000 198303 49185 52455 2866 159812 264318 -66015 1 SJC GRANTS (UNDERGRADUATE) 771 14840092 SJC GRANTS (GRADUATE) 170 940673 FEDERAL PELL GRANT PROGRAM 206 1166415 SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 133 212971 MARYLAND STATE SCHOLARSHIP 24 120024 NEW MEXICO STATE INCENTIVE GRANTS 3 6000 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 1 0 0 0 0 0 0 1 0 MARK ROOSEVELT PRESIDENT - SANTA FE 314080 0 0 0 12575 0 19855 0 135282 0 481792 0 0 0 NORA DEMLEITNER PRESIDENT - ANNAPOLIS 310040 0 0 0 0 0 19551 0 127994 0 457585 0 0 0 RIMA ALLY GONTANG-HIGHFIELD VP OF FINANCE & OPS, CFO 175297 0 809 0 0 0 11418 0 31379 0 218903 0 0 0 SUSAN PAALMAN DEAN - ANNAPOLIS 121990 0 0 0 1760 0 17576 0 41563 0 182889 0 0 0 BENJAMIN BAUM VP OF ENROLLMENT 170500 0 0 0 0 0 10401 0 370 0 181271 0 0 0 SCOTT GREATOREX EXECUTIVE DIRECTOR OF MAJOR GIFTS 150794 0 0 0 9772 0 9337 0 10820 0 180723 0 0 0 EDWARD WALPIN ASSOC. DEAN, GRAD. INSTITUTE (SF) 126489 0 0 0 1144 0 18369 0 32025 0 178027 0 0 0 CHRISTINE L GUEVARA VP FOR STUDENT ENGAGEMENT (SF) 135650 0 0 0 0 0 8275 0 28689 0 172614 0 0 0 J WALTER STERLING TUTOR (SF) 117306 0 0 0 4601 0 15888 0 32244 0 170039 0 0 0 DAVID TOWNSEND TUTOR (AN) 103028 0 0 0 37749 0 14442 0 10150 0 165369 0 0 0 PHELOSHA M COLLAROS VP ALUM REL UNTIL 10/23, VP BOARD GOV. & STRAT. 137486 0 0 0 0 0 8794 0 14507 0 160787 0 0 0 SARAH DAVIS DEAN - SANTA FE 109231 0 0 0 0 0 14198 0 34506 0 157935 0 0 0 KELLY BROWN FORMER VP OF ADVANCEMENT - AN 78942 0 0 0 27603 0 6017 0 16026 0 128588 0 0 0 PART I, LINE 1A THE PRESIDENTS OF THE ANNAPOLIS (NORA DEMLEITNER) 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. THE CALCULATED NONTAXABLE BENEFIT RECEIVED BY EACH PRESIDENT FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $70,100 AND $72,767 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPING AND CLEANING SERVICES ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. PART I, LINE 4A KELLY BROWN, VP OF ADVANCEMENT - ANNAPOLIS, RECEIVED A SEVERANCE PAYMENT OF $14,208 DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2023. PART I, LINE 7 ST. JOHN'S COLLEGE PAID DISCRETIONARY BONUSES DURING THE TAX YEAR 2023 AS REPORTED IN PART II OF SCHEDULE J. 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 3055000 23866212 7820877 477324 8629341 6976916 2018 0 0 0 1 B 1290000 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. 42031 GRANT TUITION ASSISTANCE SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 7987066 CAMPUS IMPROVEMENTS 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 165711 LEGAL SERVICES 0 X 3000 APPRAISAL X 23 43346556 AVERAGE OF HIGH/LOW 0 1 0 PART I, COLUMN (B): THE TOTAL REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART V, LINE 2A, EMPLOYEES REPORTED ON FORM W-3: THE TOTAL NUMBER OF ISSUED FORMS W-2 INCLUDE STUDENT WORKERS ON BOTH CAMPUSES. 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 CFO), 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. SALARIES AND BENEFITS FOR PRESIDENTIAL POSITIONS ARE REVIEWED AND APPROVED BY THE BOARD CHAIR AND VICE-CHAIR AND THE CHAIR OF THE FINANCE COMMITTEE (WHICH CONSTITUTES THE COMPENSATION COMMITTEE FOR THESE PURPOSES) AFTER RECEIVING REPORTS CONCERNING THE PERFORMANCE OF THE PRESIDENTS FROM THE PRESIDENTIAL REVIEW COMMITTEE. IN THE CASE OF A NEWLY HIRED PRESIDENT, THOSE SALARIES AND BENEFITS ARE REVIEWED AND APPROVED BY THE PRESIDENTIAL SEARCH COMMITTEE BASED ON INPUT FROM THE THIRD PARTY SEARCH FIRM FOR EXTERNAL HIRES OR, IN THE CASE OF INTERNAL HIRES, ARE REVIEWED AND APPROVED BY THE BOARD CHAIR AND VICE-CHAIR AND THE CHAIR OF THE FINANCE COMMITTEE IN LIGHT OF THE NEW PRESIDENT'S CURRENT COMPENSATION AND EXPERIENCE AND THE COMPENSATION OF THE PRESIDENT SHE OR HE IS SUCCEEDING. 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 IX, STATEMENT OF FUNCTIONAL EXPENSES: ON THE 2023 FORM 990, ALL INFORMATION TECHNOLOGY EXPENSES, LESS PERSONNEL RELATED EXPENSES ARE REPRESENTED ON THIS LINE. IN PRIOR YEARS, SERVICES SUCH AS OUTSOURCED HELP DESK AND FRACTIONAL CIO/CTO EXPENSES COULD BE FOUND IN PROFESSIONAL SERVICES. FOR THE EXPENSES RELATED TO LECTURERS & EVENTS AND CONFERENCES & MEETINGS, EXPENSES RELATED TO THESE CATEGORIES, SPECIFICALLY THOSE RELATED TO FOOD SERVICES, HAVE BEEN RE-ALIGNED TO THESE CLASSIFICATIONS. FOR DEBT EXPENSE, THE ADMINISTRATIVE COSTS AND INTEREST EXPENSES HAVE BEEN BROKEN OUT FROM PRIOR YEARS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,556,909. NET PERIODIC BENEFIT CREDIT OTHER THAN SERVICE COST 1,690,987. POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT CREDIT -981,579. 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