2025-05-13T17:18:28-05:00 2024-06-30 275360847 CROSSLIN PLLC 3803 BEDFORD AVENUE SUITE 201 NASHVILLE TN 37215 990 2023-07-01 620202000 FISK UNIVERSITY FISK 6153298500 1000 17TH AVENUE NORTH NASHVILLE TN 37208 NORMAN JONES CFO 6153298500 2025-05-13 1 1 RODNEY C BROWER P00168898 6153205500 2025-05-13 2023 2025-03-06 01:10:19Z NORMAN JONES 1000 17TH AVENUE NORTH NASHVILLE TN 37208 61439408 0 X WWW.FISK.EDU X INSTITUTION 1867 TN FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. 16 15 630 0 0 0 19668509 22907373 25788052 26100832 663525 2064485 10057029 10366718 56177115 61439408 14439311 16048419 0 0 17673347 18838860 0 0 964018 23133510 24542168 55246168 59429447 930947 2009961 199135497 233851318 34295281 64444572 164840216 169406746 X FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. OUR CURRICULUM IS GROUNDED IN THE LIBERAL ARTS. OUR FACULTY AND ADMINISTRATORS EMPHASIZE THE DISCOVERY AND ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH IN THE NATURAL AND SOCIAL SCIENCES, BUSINESS AND THE HUMANITIES. WE ARE COMMITTED TO THE SUCCESS OF SCHOLARS AND LEADERS WITH GLOBAL PERSPECTIVE. 0 0 38191183 16048419 36467550 THE ORGANIZATION IS AN INSTITUTION OF HIGHER EDUCATION ANDPROVIDES INSTRUCTION SCHOLARSHIPS AND VARIOUS SUPPORTSERVICES IN ACHIEVING ITS PRIMARY PURPOSE OF EDUCATINGSTUDENTS. 38191183 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 96 0 630 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X NORMAN JONES 6153298604 1000 17TH AVENUE NASHVILLE TN 37208 ANGENIA CLARK PRESIDENT 40.00 X X 83022 0 0 CALLIE KHOURI BOARD MEMBER 1.00 X 0 0 0 DAVID CRABTREE BOARD MEMBER 1.00 X 0 0 0 EDWARD M ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 FRANK GARRISON BOARD MEMBER 1.00 X 0 0 0 JOLINDA HERRING BOARD MEMBER 1.00 X 0 0 0 JUDSON ROBINSON BOARD MEMBER 1.00 X 0 0 0 JULIETTE PRYOR BOARD CHAIR 1.00 X 0 0 0 KATIE MARCHETTI BOARD MEMBER 1.00 X 0 0 0 KIM SEYMOUR BOARD MEMBER 1.00 X 0 0 0 LELA WINEGUARD HUGHES BOARD MEMBER (7/1/23-12/31/23) 1.00 X 0 0 0 MARCUS D COSBY BOARD MEMBER 1.00 X 0 0 0 ROLAND PARRISH BOARD MEMBER 1.00 X 0 0 0 RONALD S SAFER BOARD MEMBER 1.00 X 0 0 0 SAMUEL MCKENZIE BOARD MEMBER 1.00 X 0 0 0 SAMUEL WILLIAMS BOARD MEMBER(1/1/24-6/30/24) 1.00 X 0 0 0 SURENDRA RAMANNA BOARD MEMBER 1.00 X 0 0 0 NZINGA SHAW BOARD MEMBER (7/1/23-6/14 1.00 X 0 0 0 JANINE SMITH BOARD MEMBER(7/1/23-12/31/23) 1.00 X 0 0 0 FRANK SIMMONS BOARD MEMBER(7/1/23-2/2/24) 1.00 X 0 0 0 FRANK SIMMS BOARD MEMBER(7/1/23-10/6/23) 1.00 X 0 0 0 KATHERINE BURNETT BOARD MEMBER(7/1/23-7/12/23) 1.00 X 0 0 0 JENS FREDERIKSEN SR. VP FOR INSTIT. ADV. & 40.00 X 208595 0 0 KENNETH JONES VICE PRESIDENT OF TRANSFOR 40.00 X 61874 0 0 NATARA GARVIN VICE PRESIDENT OF STUDENT 40.00 X 123128 0 0 NORMAN JONES CFO/VICE PRESIDENT OF FINA 40.00 X 171099 0 0 ROBERT CARR PROVOST/VICE PRESIDENT OF 40.00 X 170194 0 0 ARNOLD BURGER PROFESSOR 40.00 X 181967 0 0 BRIAN NELMS DEAN, SCHOOL OF NATURAL SCIENCES, MATH, & BUSINESS 40.00 X 131726 0 0 DUNCAN PELLY PROFESSOR - CHAIR OF BUSINESS 40.00 X 193446 0 0 EDWARD BRIAN GARNER DIRECTOR OF IT 40.00 X 115237 0 0 ISAAC THOMPSON PROGRAM DIRECTOR OF STEM 40.00 X 140268 0 0 JAMAAL SHEATS ASSOCIATE PROVOST 40.00 X 118000 0 0 MARLON THOMAS ASSISTANT PROFESSOR 40.00 X 141041 0 0 QINGXIA LI ASSOCIATE PROFESSOR 40.00 X 105496 0 0 REGINALD AMERSON ASSOCIATE VICE PRESIDENT O 40.00 X 115400 0 0 SAJID HUSSAIN DIRECTOR OF SPONSORED PROGRAMS 40.00 X 102774 0 0 SHIEILA SMITH ASSOCIATE VP FOR INST. ADV 40.00 X 118532 0 0 SHIRLEY BROWN PROFESSOR 40.00 X 101707 0 0 STEVEN M DAMO ASSISTANT PROFESSOR 40.00 X 128509 0 0 SUFYAN BAKSH PROFESSOR & EXEC DIR OF INNOVATION 40.00 X 168080 0 0 TDKA KILIMANJARO ASSOC PROVOST INSTITUTIONAL ACCRED., EFF., & ASSES 40.00 X 103940 0 0 2784035 0 0 19 0 1 0 CERTIFIED CONSTRUCTION SERVICES LLC 6415 N CALDWELL AVE 1 CHICAGO IL 60646 CONTRACT SERVICES 7431568 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 CONTRACT SERVICES 4335510 ARAMARK CORPORATION CONTRACT 2400 MARKET ST PHILADELPHIA PA 19103 CONTRACT SERVICES 3036861 BROUSSARD MECHANICAL INC 14405 CULLENS ST BILOXI MS 39532 CONTRACT SERVICES 1556090 INTERSTATE AC 1877 AIR LANE DR NASHVILLE TN 37210 CONTRACT SERVICES 1537248 5 13374110 9533263 22907373 TUITION AND FEES 611310 26100832 26100832 26100832 1646102 1646102 418383 0 418383 418383 418383 SALES & SERVICES OF AUXILIARY ENT 900099 9110072 9110072 OTHER SOURCES 900099 1256646 1256646 10366718 61439408 36467550 0 2064485 16048419 16048419 2784035 1882311 803964 97760 16054825 10854808 4636259 563758 3472157 1157700 2280702 33755 6706360 212389 6493473 498 1401288 1118031 274213 9044 1826482 725254 1101228 1417636 1417636 1021616 260114 761502 STUDENT PROGRAMS & SUPP 4087984 4087473 511 0 SUPPLIES & OPERATIONS 2032026 1236407 712442 83177 EQUIPMENT & TECHNOLOGY 1976997 193002 1763666 20329 AUXILIARY COST OF SALES 334575 345491 -10916 0 265047 69784 39566 155697 59429447 38191183 20274246 964018 8099034 14254448 12069157 9406878 16479615 21709086 39291 39291 186011 31664 953159 711993 148450810 76140871 47129282 72309939 30361128 31534199 83818820 83853820 199135497 233851318 4528081 5383875 6216896 11421642 23116545 45013019 433759 2626036 34295281 64444572 X 109829246 108696152 55010970 60710594 164840216 169406746 199135497 233851318 2009961 2556569 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATIONAL OUTREACH PROGRA 0 34572233 2543969 3898757 1375439 39639520 31077545 3350459 1984615 1840386 34572233 33686483 2065644 -3458415 1216167 31077545 26107809 4636136 4056449 1113911 33686483 25530213 744634 865502 1032540 26107809 1 0 515241 515241 68824542 44139887 24684655 23038710 21662403 1376307 56072317 10338581 45733736 72309939 BENEFICIAL INTERESTS IN TRUSTS AND ENDOWMENTS 6075243 F INVESTMENT IN MARKETABLE SECURITIES 25458956 F 31534199 INVESTMENTS IN ART COLLECTIONS 33887250 F INVESTMENT IN AFFILIATE 49424836 F REAL ESTATAE HELD FOR INVESTMENT 541734 F 83853820 ADV. FROM FED GOVT. FOR PERKIN 351204 DEPOSITS 274832 LINE OF CREDIT 2000000 2626036 X 49405156 2556569 1457598 4014167 45390989 16048419 16048419 61439408 44759967 1378939 1378939 43381028 16048419 16048419 59429447 PART III, LINE 4: FISK UNIVERSITY GALLERIES PROVIDE A WELCOMING ENVIRONMENT AND FOSTER AN APPRECIATION AND UNDERSTANDING OF ART THROUGH EXHIBITIONS, CLASSROOM INSTRUCTION, EDUCATIONAL PROGRAMS, AND RESEARCH. THE FISK ART COLLECTION CONSISTS OF MORE THAN 4000 WORKS OF ART - PAINTINGS, PRINTS, DRAWINGS, SCULPTURES, PHOTOGRAPHS, HISTORICAL ARTIFACTS AND OTHER OBJECTS - FROM CULTURES ACROSS THE GLOBE. MAJOR COLLECTIONS INCLUDE THE ALFRED STIEGLTIZ COLLECTION OF MODERN ART, THE HARMON FOUNDATION COLLECTION OF AFRICAN AMERICAN ART, THE LIFF FAMILY COLLECTION OF AFRICAN ART, AND THE WINOLD REISS PORTRAIT COLLECTION AMONG MANY OTHERS. WORKS FROM THE COLLECTION ARE EXHIBITED REGULARLY IN PERMANENT AND TEMPORARY EXHIBITIONS AT THE UNIVERSITY'S AARON DOUGLAS AND CARL VAN VECHTEN GALLERIES. THEY ARE ALSO OCCASIONALLY LOANED FOR TEMPORARY EXHIBITION AT ACCREDITED MUSEUMS ACROSS THE UNITED STATES. THE GALLERIES ALSO SEEK TO RAISE AWARENESS AND SUPPORT AN APPRECIATION OF ART THROUGH THE CONTINUED ACQUISITION AND PRESERVATION OF WORKS OF ART RECEIVED AS DONATIONS TO FISK UNIVERSITY GALLERIES. THE COLLECTIONS AND ANY BENEFITS FROM THE ART WILL BE USED FOR THE MISSION OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE UNIVERSITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT SPENDING PAYOUT 1,378,939. FISK SUPPORT ORGANIZATION - INTEREST INCOME 78,659. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE NETTED AGAINST REVENUE 16,048,419. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNT APPROPIATED FOR ENDOWMENT SPENDING 1,378,939. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE NETTED AGAINST REVENUE 16,048,419. 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 COLLEGE'S NONDISCRIMINATORY POLICY IS PRINTED IN THE "EMPLOYEE POLICIES AND PROCEDURES" MANUAL AS WELL AS THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THROUGH AN APPROVED PROGRAM PARTICIPATION AGREEMENT (PPA) WITH THE U.S. DEPARTMENT OF EDUCATION (DOE), FISK UNIVERSITY IS APPROVED TO PARTICIPATE IN ALL FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS AND WAS AWARDED A TITLE III GRANT FROM THE DOE UNDER "STRENGTHENING HISTORICALLY BLACK COLLEGES AND MINORITY SERVING INSTITUTIONS." 1 SCHOLARSHIPS & FELLOWSHIPS FOR STUDENTS ATTENDING 16048419 N/A N/A PART I, LINE 2: THE OFFICE OF SPONSORED PROGRAMS IS RESPONSIBLE FOR ENSURING THAT AUDITABLE RECORDS ARE MAINTAINED IN SUPPORT OF ALL DIRECT AND INDIRECT CHARGES TO GRANTS, CONTRACTS, OR AGREEMENTS. THE PRINCIPAL INVESTIGATOR INITIALLY APPROVES ALL EXPENDITURES OF A SPONSORED PROJECT AND IS RESPONSIBLE FOR DETERMINING WHETHER THE SPONSOR WILL ALLOW AN ITEM OF DIRECT COST, BEFORE THE EXPENDITURE IS PROCESSED. IN ADDITION, THESE EXPENDITURES ARE ALSO CLOSELY REVIEWED AND MONITORED BY THE OFFICE OF SPONSORED PROGRAMS BEFORE THE EXPENDITURE REQUISITION IS APPROVED FOR PAYMENT TO ENSURE THAT THE GRANT FUNDS ARE PROPERLY UTILIZED FOR THE PURPOSES SPECIFIED IN THE GRANT CONTRACT/AGREEMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JENS FREDERIKSEN SR. VP FOR INSTIT. ADV. & 208595 0 0 0 0 0 0 0 0 0 208595 0 0 0 DUNCAN PELLY PROFESSOR - CHAIR OF BUSINESS 193446 0 0 0 0 0 0 0 0 0 193446 0 0 0 ARNOLD BURGER PROFESSOR 181967 0 0 0 0 0 0 0 0 0 181967 0 0 0 NORMAN JONES CFO/VICE PRESIDENT OF FINA 171099 0 0 0 0 0 0 0 0 0 171099 0 0 0 ROBERT CARR PROVOST/VICE PRESIDENT OF 170194 0 0 0 0 0 0 0 0 0 170194 0 0 0 SUFYAN BAKSH PROFESSOR & EXEC DIR OF INNOVATION 168080 0 0 0 0 0 0 0 0 0 168080 0 0 0 X 8 384728 FMV X OTHER 1 35000 FMV 0 0 0 FORM 990 PART III, LINE 1, DESCRIPTION OF ORGANIZATION VALUES FISK UNIVERSITY PRODUCES GRADUATES FROM DIVERSE BACKGROUNDS WITH THE INTEGRITY AND INTELLECT REQUIRED FOR SUBSTANTIVE CONTRIBUTIONS TO SOCIETY. OUR CURRICULUM IS GROUNDED IN THE LIBERAL ARTS. OUR FACULTY AND ADMINISTRATORS EMPHASIZE THE DISCOVERY AND ADVANCEMENT OF KNOWLEDGE THROUGH RESEARCH IN THE NATURAL AND SOCIAL SCIENCES, BUSINESS AND THE HUMANITIES. WE ARE COMMITTED TO THE SUCCESS OF SCHOLARS AND LEADERS WITH GLOBAL PERSPECTIVE. THE D.E.T.A.I.L.S. REPRESENTS FISK'S CORE VALUES. OUR VALUES REFLECT OUR OVERALL ETHICAL AND MORAL ENGAGEMENT. WE, THE FISK FAMILY, SEEK TO INTERNALIZE THESE PRINCIPLES AND APPLY THEM IN OUR DAY-TO-DAY WORK AND IN OUR LIVES. DIVERSITY: WE BELIEVE THAT OUR INDIVIDUAL DIFFERENCES ARE A COLLECTIVE STRENGTH. WE WILL SUPPORT AND ENCOURAGE DIVERSITY OF OPINION AND OF CULTURE WHICH AIDS US IN BUILDING A COLLECTIVE WISDOM THAT RESULTS IN MORE POWERFUL AND RELEVANT SOLUTIONS TO OUR CHALLENGES. EXCELLENCE: WE BELIEVE THAT EXCELLENCE IS THE RESULT OF A LIFELONG PURSUIT OF THE HIGHEST STANDARDS. AT FISK, OUR COLLECTIVE QUEST IS TO EARN MERIT THROUGH COMMITMENT TO RIGOROUS SCHOLARSHIP, CULTURAL LITERACY, AND HIGH ETHICAL STANDARD. TEAMWORK: WE BELIEVE THAT INDIVIDUALS ACHIEVE HIGH STANDARDS WHEN SUPPORTED BY THE COLLECTIVE WORK OF OTHERS. WE REINFORCE THIS VALUE BY CONSTANTLY CREATING OPPORTUNITIES TO COLLABORATE BOTH INSIDE AND OUTSIDE TRADITIONAL ALLIANCES ON OUR UNIVERSITY, OUR PROXIMATE COMMUNITY, AND THE WORLD. ACCOUNTABILITY: WE BELIEVE THAT WE MUST HOLD OURSELVES TO THE HIGHEST STANDARD WHEN WE MAKE COMMITMENTS. CONSISTENT AND MEASURABLE FOLLOW-THROUGH IS ESSENTIAL FOR INDIVIDUAL AND TEAM PROGRESS. WE ARE FORTHRIGHT ABOUT OUR SUCCESSES AND SHORTCOMINGS AND WE WILL POSITION FISK FOR CONTINUED ACHIEVEMENT. INTEGRITY: WE BELIEVE THAT IT IS OUR RESPONSIBILITY TO PREPARE YOUNG PEOPLE TO BE STEWARDS OF AN EVER CHANGING WORLD, WHICH MEANS THAT WE MUST MODEL BEHAVIOR GROUNDED IN TRUTHFULNESS AND COMPASSION. LEADERSHIP: WE BELIEVE THAT LEADERS ARE OBLIGATED TO EMPOWER THOSE AROUND THEM. WE ARE CONSISTENT, TRANSPARENT, AND ACCOUNTABLE. THROUGH OUR WORDS AND BEHAVIORS WE ENCOURAGE OTHERS TO EXHIBIT THESE SAME ATTRIBUTES. SERVICE: WE BELIEVE THAT SERVICE IS OUR ABILITY TO GIVE THE GIFT OF KNOWLEDGE TO HUMANITY. AS WE SERVICE, WE BECOME TRANSFORMED AND SO ARE OUR COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11B AS AUTHORIZED BY THE BOARD OF TRUSTEES, A COPY OF THE FORM 990 IS DISTRIBUTED TO THE AUDIT COMMITTEE FOR CHANGES AND APPROVAL. COPIES OF THE FORM 990 ARE AVAILABLE TO THE FULL BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE FISK UNIVERSITY ("FISK OR THE "UNIVERSITY") BOARD OF TRUSTEES (THE "BOARD") HAS ADOPTED A CONFLICT OF INTEREST POLICY (THE "POLICY") THAT IS CURRENTLY IN EFFECT. THE POLICY ESTABLISHES A PROCEDURE FOR TRUSTEES TO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE POLICY ALSO CREATES A PROCEDURE WHEREBY THE INDIVIDUAL FACTS OF EACH SITUATION CAN BE ASSESSED IN RELATION TO THE BEST INTERESTS OF THE UNIVERSITY AND AN INFORMED, UNBIASED DECISON CAN BE MADE WITH REGARD TO WHETHER A PARTICULAR CONFLICT IS PERMISSIBLE OR INPERMISSIBLE UNDER THE POLICY. THE POLICY REQUIRES EACH TRUSTEE TO SUMBIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT AT LEAST ANNUALLY TO THE BOARD SECRETARY. NEW TRUSTEES ARE REQUIRED TO SUBMIT THE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS UPON ACCEPTING SERVICE ON THE BOARD AND IN NO EVENT LATER THAN HIS OR HER FIRST BOARD/BOARD COMMITTEE MEETING. THE UNIVERSITY ENDEAVORS TO ENSURE STRICT COMPLIANCE WITH THIS POLICY. TO ACHIEVE THIS GOAL, THE UNIVERSITY CONTINUALLY REMINDS AND EDUCATES THE BOARD MEMBERS ABOUT CONFLICT ISSUES. AT NEW TRUSTEE ORIENTATION, THE UNIVERSITY'S GENERAL COUNSEL PROVIDES A TUTORIAL ON CONFLICT ISSUES, REVIEWS THE UNIVERSITY'S BYLAWS REGARDING CONFLICTS, AND REVEWS THE TERMS OF THE POLICY, INCLUDING REPORTING REQUIREMENTS. ALSO, AT THE BEGINNING OF EACH ANNUAL MEETING OF THE BOARD, THE BOARD MEMBERS ARE REMINDED BY THE BOARD'S CHAIRMAN, THE UNIVERSITY'S PRESIDENT AND THE UNIVERSITY'S GENERAL COUNSEL ABOUT CONFLICT REPORTING REQUIREMENTS; AND, THE BOARD MEMBERS ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT PRIOR TO THE ADJOURNMENT OF THE MEETING. FOLLOWING THE MEETING, THE UNIVERSITY'S GENERAL COUNSEL CHECKS EACH ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT RECEIVED TO ENSURE THAT ALL TRUSTEES HAVE COMPLETED THE REQUIRED FORM. THE GENERAL COUNSEL OBTAINS THE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM ANY TRUSTEE WHO DID NOT ATTEND THE ANNUAL MEETING OF THE BOARD OR WHO DID NOT RETURN THE FORM AT THE ADJOURNMENT OF THAT MEETING. ADDITIONALLY, THE UNIVERSITY'S BYLAWS SPECIFY THE PRESIDENT OR HIS OR HER DESIGNEE(S) AS THE ONLY UNIVERSITY OFFICIAL(S) AUTHORIZED TO ENTER INTO A BINDING AGREEMENT ON BEHALF OF THE UNIVERSITY. BY LIMITING SIGNATORY AUTHORITY TO THE PRESIDENT, THE UNIVERSITY HAS CENTRALIZED AND STANDARDIZED ITS CONTRACT REVIEW PROCESS. ALL CONTRACTS ARE REQUIRED TO UNDERGO REVIEW BY THE UNIVERSITY'S GENERAL COUNSEL, WHO SUBMITS A WRITTEN RECOMMENDATION WITH REGARD TO THE CONTRACT TO THE UNIVERSITY'S PRESIDENT. BY CENTRALIZING AND STANDARDIZING ITS CONTRACT REVIEW PROCESS THROUGH, AT LEAST THESE TWO OFFICES, THE UNIVERSITY IS ABLE TO, AMONG OTHER THINGS, REVIEW ALL CONTRACTUAL ARRANGEMENTS TO ENSURE THAT THERE ARE NO UNDISCLOSED CONFLICTS OF INTEREST ISSUES PRESENTED IN ANY SUCH ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 GOVERNANCE AND ADMINISTRATION: CEO EVALUATION/SELECTION THE GOVERNING BOARD OF THE INSTITUTION IS RESPONSIBLE FOR THE SELECTION AND THE PERIODIC EVALUATION OF THE CHIEF EXECUTIVE OFFICER. THE FISK BOARD OF TRUSTEES EMPLOYS SEARCH FIRMS THAT SPECIALIZE IN THE PLACEMENT OF SENIOR ADMINISTRATIVE PERSONNEL AT INSTITUTIONS OF HIGHER EDUCATION. THE SEARCH FIRM THEN MANAGES THE ENTIRE RECRUITMENT PROCESS, INCLUDING JOS SEARCH POSTINGS, SCREENINGS OF APPLICANTS AND THEIR CREDENTIALS AS WELL AS THE COORDINATION OF CANDIDATE INTERVIEWS WITH SELECTED MEMBERS FROM THE FISK BOARD OF TRUSTEES. SUCH SEARCHES ARE CONDUCTED ON A 'HIGHLY CONFIDENTIAL' BASIS AND DO NOT INVOLVE THE OFFICE OF HUMAN RESOURCES UNTIL SUCH TIME AS THE BOARD OF TRUSTEES SELECTS AND ANNOUNCES THE PRESIDENTIAL CANDIDATE. IN ADDITION, THE BOARD OF TRUSTEES, USES ITS LEGAL COUNSEL TO FORMULATE AND/OR REVIEW ALL PRESIDENTIAL CONTRACTS FOR THE UNIVERSITY. ARTICLE V, SECTION 1 OF FISK UNIVERSITY'S ("FISK OR THE "UNIVERSITY") AMENDED AND RESTATED BYLAWS (THE "BYLAWS") CONFERS TO ITS BOARD OF TRUSTEES (THE "BOARD") THE AUTHORITY TO APPOINT THE PRESIDENT, WHO SERVES AS THE UNIVERSITY'S CHIEF EXECUTIVE OFFICER. SPECIFICALLY, ARTICLE V, SECTION 1 OF THE BYLAWS STATES THAT THE BOARD IS RESPONSIBLE FOR THE SELECTION OF THE INSTITUTION'S PRESIDENT. PURSUANT TO ARTICLE IV, SECTION 1 OF THE BYLAWS, THE EXECUTIVE COMMITTEE OF THE BOARD IS CHARGED WITH RESPONSIBILITY OF EVALUATING THE PRESIDENT'S PERFORMANCE AND SETTING HIS OR HER COMPENSATION. UNDER THIS PROVISION OF THE BYLAWS, THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD CHAIRMAN, VICE-CHAIRMAN, THE SECRETARY OF THE BOARD, THE CHAIRPERSONS OF EACH OF THE BOARD'S STANDING COMMITTEES, AND THE PRESIDENT. THE EXECUTIVE COMMITTEE IS STAFFED BY THE GENERAL COUNSEL AND SECRETARY, WHO SERVES AS AN EX OFFICIO MEMBER OF THE COMMITTEE. THE BYLAWS DIRECT THE EXECUTIVE COMMITTEE TO DEVELOP, IMPLEMENT AND EVALUATE THE PRESIDENT'S PERFORMANCE MANAGEMENT PROGRAM, COMPENSATION, AND CONDITIONS OF EMPLOYMENT. THE EMPLOYMENT AGREEMENT BETWEEN THE UNIVERSITY AND THE UNIVERSITY'S CURRENT PRESIDENT ALSO SETS FORTH A PROCESS FOR THE PRESIDENT'S EVALUATION. THE EMPLOYMENT AGREEMENT REQUIRED THE PRESIDENT TO DEVELOP A PERFORMANCE PLAN UNDER WHICH HE IS TO BE EVALUATED. THE AGREEMENT CONTEMPLATES THAT THE BOARD MAY PERFORM AN ANNUAL OR PERIODIC PERFORMANCE REVIEW OF THE PRESIDENT. THE DATE(S) AND FREQUENCY OF SUCH PERFORMANCE REVIEW(S) TO OCCUR ARE TO BE DETERMINED IN THE SOLE DISCRETION OF THE UNIVERSITY'S BOARD OF TRUSTEES, THROUGH THE APPLICABLE COMMITTEE OF THE BOARD (THE "COMMITTEE"). THE EMPLOYMENT AGREEMENT ALSO STATES THAT THE PRESIDENT'S INITIAL PERFORMANCE PLAN SHALL BE ADJUSTED ANNUALLY BY THE COMMITTEE AND THE PRESIDENT PRIOR TO THE CLOSE OF EACH FISCAL YEAR. COMPENSATION DATA IS EVALUATED UTILIZING SALARY DATA PROVIDED BY CUPA-HR SO AS TO COMPARE FISK COMPENSATION DATA WITH COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION DATA FOR THE PRESIDENT, OTHER OFFICERS AND/OR KEY EMPLOYEES OF THE UNIVERSITY ARE KEPT IN THEIR RESPECTIVE PERSONNEL FILES WITHIN THE OFFICE OF HUMAN RESOURCES. COMPENSATION DATA FOR THE PRESIDENT, PROVOST AND CFO ARE ALSO RETAINED BY THE UNIVERSITY'S LEGAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 FISK UNIVERSITY HAS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON FILE TO BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FISK SUPPORT ORGANIZATION INC 1000 17TH AVENUE NORTH NASHVILLE TN 37208 921213878 TN 501(C)(3) LINE 2 N/A 0 STIEGLITZ ART COLLECTION LLC 600 MUSEUM WAY BENTONVILLE AR 72712 TN RELATED 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0