2022-04-08T14:05:18-05:00 2021-05-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2020-06-01 370661494 BRADLEY UNIVERSITY BRAD 3096773117 1501 W BRADLEY AVENUE PEORIA IL 616250001 SHERYL COX COO/CFO 3096773117 2022-04-01 1 SHERYL COX 999009999 SAMUEL A CIGELNIK P00324762 3096714500 2022-04-01 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHEN STANDIFIRD 1501 W BRADLEY AVENUE PEORIA IL 616250001 298202334 0 X WWW.BRADLEY.EDU X 1897 IL BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 22 21 2820 496 -74428 0 22203423 12870205 201711576 197559076 14526002 87674055 205084 260 238646085 298103596 71062165 75123935 0 0 103448821 64894458 0 0 3409365 58368881 55940021 232879867 195958414 5766218 102145182 712945458 781363567 261387513 221114687 451557945 560248880 X BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 0 0 148978452 69823893 174535599 INSTRUCTION AND RESEARCH - PROVIDING HIGHER EDUCATION TO STUDENTS. 7043151 883095 12478882 AUXILIARY SERVICES - PROVIDES SUPPORT SERVICES FOR STUDENTS WHICH INCLUDES HOUSING, BOOKSTORE, AND CONFERENCE FACILITIES. 5633927 5088897 FOOD SERVICES - PROVIDES BOARD (CAFETERIA SERVICES) FOR STUDENTS LIVING ON CAMPUS AND OFF CAMPUS. ALSO INCLUDES FOOD PURCHASED BY EMPLOYEES. 11643913 4416947 871518 INTERCOLLEGIATE ATHLETICS - PROVIDES FOR INTERCOLLEGIATE ATHLETIC ACTIVITY DIVISION I SPORTS OF MEN'S BASKETBALL, TRACK, GOLF, BASEBALL, AND SOCCER AND WOMEN'S BASKETBALL, VOLLEYBALL, CROSS-COUNTRY, GOLF, SOFTBALL, AND TENNIS. 1567869 136244 OTHER EDUCATIONAL BENEFITS - PROVIDES TECHNICAL SUPPORT FOR FACULTY, STAFF AND STUDENTS, CHILDCARE CENTER FOR TRAINING OPPORTUNITIES, AND EMPLOYMENT CENTER FOR STUDENTS. 3314167 4447936 OTHER DEPARTMENT PROGRAMS - PROVIDES SERVICES FOR TRANSCRIPTS, CULTURAL PROGRAMS OFFERED TO CAMPUS AND PUBLIC, CONTINUING EDUCATION PROGRAMS, AND MISCELLANEOUS OTHER PROGRAMS. 16525949 4416947 5455698 178181479 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 152 17 1 2820 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SHERYL COX COOCFO 3096773117 1501 W BRADLEY AVENUE PEORIA IL 61625 JAMES E SHADID CHAIRMAN 5.00 X 0 0 0 KATHLEEN MB HOLST VICE CHAIRMAN 5.00 X 0 0 0 JONATHAN E MICHAEL SECRETARY 5.00 X 0 0 0 DAVID P BOZEMAN TRUSTEE 5.00 X 0 0 0 GARY A BURK TRUSTEE 5.00 X 0 0 0 CALVIN G BUTLER JR TRUSTEE 5.00 X 0 0 0 GARY M PEPLOW TRUSTEE 5.00 X 0 0 0 LINDSEY R ROLSTON TRUSTEE 5.00 X 0 0 0 GEORGE E RUEBENSON TRUSTEE 5.00 X 0 0 0 KEVIN SCHOEPLEIN TRUSTEE 5.00 X 0 0 0 MICHAEL SCIMO TRUSTEE 5.00 X 0 0 0 MICHELLE MILLS CLEMENT TRUSTEE 5.00 X 0 0 0 MS ANN EDWARDS COTTER TRUSTEE 5.00 X 0 0 0 MICHAEL N CULLINAN TRUSTEE 5.00 X 0 0 0 MELVIN FLOWERS TRUSTEE 5.00 X 0 0 0 ROBIN L KELLY TRUSTEE 5.00 X 0 0 0 SHARON DESMOULIN-KHERAT TRUSTEE 5.00 X 0 0 0 RAY LAHOOD TRUSTEE 5.00 X 0 0 0 DEBBIE SIMON TRUSTEE 5.00 X 0 0 0 TANA UTLEY TRUSTEE 5.00 X 0 0 0 CELSO WHITE TRUSTEE 5.00 X 0 0 0 STEPHEN STANDIFIRD PRESIDENT 60.00 X 332576 0 22479 WALTER ZAKAHI PROVOST/SENIOR VP ACADEMIC AFFAIRS 50.00 X 254295 0 28981 JEFF BLADE COO/CFO (THRU FEB 2021) 50.00 X 182363 0 9331 ERIN KASTBERG VP LEGAL AFFAIRS 50.00 X 206486 0 28660 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 50.00 X 296249 0 30629 NATHAN THOMAS VP FOR STUDENT AFFAIRS 50.00 X 181484 0 14002 JUSTIN BALL VP ENROLLMENT MANAGEMENT 50.00 X 201226 0 27771 JAKE HEUSER FORMER VP ADVANCEMENT 50.00 X 225169 0 25274 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 50.00 X 821083 0 33753 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL OF ENTREPRE 50.00 X 227550 0 28985 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING ENGINEERING 50.00 X 250009 0 19403 LEX AKERS DEAN, COLLEGE OF ENGINEERING 50.00 X 235215 0 27064 MATT O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 50.00 X 211474 0 29868 PRATIMA GANDHI FORMER CFO 50.00 X 119640 0 8086 GARY ROBERTS FORMER PRESIDENT 50.00 X 347071 0 10886 4091890 0 345172 144 1 1 0 NEPC LLC PO BOX 4110 WOBURN MA 01888 INVESTMENT SERVICES 279909 MILLER HALL & TRIGGS 416 MAIN STREET PEORIA IL 61602 LEGAL SERVICES 264205 CLIFTONLARSONALLEN LLP 301 SW ADAMS ST STE 1000 PEORIA IL 61602 AUDIT SERVICES 155164 SHEFFTECH PRODUCTIONS LLC 150 DETROIT AVE STE B MORTON IL 61550 SPORTING EVENT PRODUCTION 139641 BRANDES INVESTMENT PARTNERS LP PO BOX 919048 SAN DIEGO CA 921919048 INVESTMENT SERVICES 124559 9 315139 10212382 2342684 911492 12870205 INSTRUCTION & RESEARCH 611600 174535599 174535599 AUXILIARY SERVICE 722210 12478882 12478882 FOOD SERVICE REVENUE 611710 5088897 5088897 DEPARTMENT PROGRAMS 611710 4447936 4447936 INTERCOLLEGIATE ATHLETICS 611710 871518 871518 136244 136244 197559076 14063696 -74428 14138124 360 42195 -41835 -41835 -41835 73610359 0 73610359 73610359 73610359 48083 11783 36300 36300 50555 44760 5795 5795 298103596 197559076 -74428 87748743 X 75123935 75123935 3208162 1647825 1192098 368239 64970591 55516230 7187944 2266417 3065262 2570050 376760 118452 -11021936 -9241274 -1354737 -425925 4672379 3917527 574295 180557 1866142 1158119 445319 262704 446199 446199 129313 4125 125188 915139 915139 20105 18105 2000 175189 105243 5615 64331 8200979 7214540 590192 396247 5379925 4401920 898866 79139 12341844 10990564 1330641 20639 605503 577848 26878 777 77503 62199 12135 3169 3916272 3748758 167514 15124334 15124334 1527806 497373 1030433 OTHER MISCELLANEOUS 3730178 3260468 395091 74619 ATHLETICS MISCELLANEOUS 1483590 1483590 195958414 178181479 14367570 3409365 43330476 35443506 10422229 3265695 3260022 3223823 21331 0 636506 1313522 576507516 225440761 362462494 351066755 199640954 257496448 86489994 122282197 4167096 4598375 2514356 2673246 712945458 781363567 28467353 25561278 3897521 4079596 153665313 150425746 7771369 1596278 5049853 4046073 62536104 35405716 261387513 221114687 X 322750454 429835741 128807491 130413139 451557945 560248880 712945458 781363567 X 102145182 5448238 1097515 X X 0 1 X 1 1 1 X 19939904 7586973 12475983 22203423 12870205 75076488 19939904 7586973 12475983 22203423 12870205 75076488 10029525 65046963 11377535 15211636 12740453 13716977 14137820 67184421 337449 444359 444196 39190 -115959 1149235 143410144 984216671 0.45360 0.44530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 321631 X X X 0 312877645 4650075 91694274 5414065 7332341 913000 395562588 308398725 11416273 4998917 5058010 5772939 1105321 312877645 313641208 5239666 2913687 4763227 7407220 1225389 308398725 299257226 4205899 23564600 4618137 7383342 1385038 313641208 273959967 5716483 31425002 4462215 6231199 1150812 299257226 0.50800 0.45230 0.03970 1 0 25164945 25164945 437928972 137367037 300561935 82265429 67911605 14353824 31148170 20162119 10986051 351066755 58868260 F 41966381 F MORTGAGES AND NOTES 348848 C OTHER 8224712 C REAL ESTATE & FARMS 11774566 F LIFE INSURANCE POLICIES 1099430 F 122282197 POST-RETIREMENT BENEFITS OTHER THAN PENSIONS 27395557 SWAP CONTRACT 3191021 STUDENT DEPOSITS 2147941 LEASED LIABILITIES 2671197 35405716 X 228306723 5448238 -74329972 -68881734 297188457 915139 915139 298103596 119615788 166793 166793 119448995 915139 75594280 76509419 195958414 PART III, LINE 4: COLLECTION OF ART AND OTHER HISTORICAL TREASURES INCLUDE VARIOUS SCULPTURES, PAINTINGS, AND OTHER WORKS OF ART; SEA CHART; HISTORICAL MAPS OF AMERICA; ANTIQUE WATCH FROM WHEN THE UNIVERSITY WAS A COLLEGE OF HOROLOGY; AND HISTORICAL BOOKS. THESE ITEMS ARE ON DISPLAY IN THE LIBRARY AND OTHER PARTS OF CAMPUS AND SERVE TO FURTHER THE UNIVERSITY'S EDUCATIONAL PURPOSE IN THE ARTS, HISTORY, AND THE HUMANITIES IN GENERAL. PART V, LINE 4: THE UNIVERSITY ENDOWMENT SERVES TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING SUBSTANTIAL AND SUSTAINABLE FLOW OF FUNDS TO THE OPERATING BUDGET AND RESTRICTED FUNDS IN ORDER TO SUPPORT THE LONG-TERM GOALS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE APPLICABLE U.S. AND ILLINOIS INTERNAL REVENUE CODES FOR RELATED INCOME. NO PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE UNIVERSITY BELIEVES THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -75,594,280. SWAP CONTRACT GAIN 1,264,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 75,594,280. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOLLOWING STATEMENT IS CONSPICUOUSLY DISPLAYED IN ALL ADMISSIONS MATERIAL INCLUDING UNIVERSITY CATALOGS: "BRADLEY UNIVERSITY IS COMMITTED TO A POLICY OF NON-DISCRIMINATION AND THE PROMOTION OF EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF AGE, COLOR, CREED, DISABILITY, ETHNICITY, MARITAL STATUS, NATIONAL ORIGIN, RACE, RELIGION, SEX, SEXUAL ORIENTATION, OR VETERAN STATUS. THE UNIVERSITY IS ALSO COMMITTED TO COMPLIANCE WITH ALL APPLICABLE LAWS REGARDING NON-DISCRIMINATION, HARASSMENT AND AFFIRMATIVE ACTION." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED TITLE IV FEDERAL FUNDS. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 7431 0 0 0 0 0 0 7431 0 7431 1 0 0 0 1 0 PART III ACCOUNTING METHOD: AUCTION 735 735 74 GOLF OUTING 45311 45311 4345 5601 1359 1 2037 2037 404 48083 48083 4345 5601 1837 11783 36300 50555 42215 2545 0 0.75000 50555 42215 2545 44760 5795 IL 1 0 1 0 0.00000 1.00000 CRAIG DAHLQUIST SENIOR ATH DIRECTOR - COMPLIANCEFINANCE BRADLEY UNIVERSITY 1501 W BRADLEY A PEORIA IL 61625 0 CRAIG DAHLQUIST BOOKS & RECORDS X 0 1 EMPLOYEE TUITION REMISSION 165 0 3914392 BASED ON TUITION CHARGES EMPLOYEE DISCOUNT ON TUITION AWARDS 116 79479 0 FMV UNIVERSITY GRANT & SCHOLARSHIPS 3721 0 64653739 BASED ON FORMULA GRANTS & SCHOLARSHIPS OTHER TUITION WAIVERS 29 0 341392 BASED ON TUITION CHARGES SPECIAL AFFINITY WAIVERS GRADUATE SCHOLARSHIPS 176 0 834891 BASED ON FORMULA GRANTS & SCHOLARSHIPS ATHLETIC SCHOLARSHIPS 204 0 4416947 IN COMFORMANCE WITH NCAA GUIDELINES SCHOLARSHIPS RESIDENT HALL SCHOLARSHIPS 98 0 883095 BASED ON ROOM AND BOARD CHARGES SCHOLARSHIPS FOR ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY UTILIZES THE POWERFAIDS FINANCIAL AID MANAGEMENT SYSTEM WHICH REQUIRES THE END USER TO TIE HIGHLY SPECIFIC ELIGIBILITY CRITERIA TO INDIVIDUAL FINANCIAL AID PROGRAMS. DURING EXECUTION OF THE AUTOMATED AWARDING MODULE WITHIN POWERFAIDS, AID IS ALLOCATED BASED ON THE PRE-ESTABLISHED CRITERIA ENSURING THAT GRANT FUNDS ARE ONLY DISTRIBUTED TO APPROPRIATE, QUALIFIED RECIPIENTS. POST AUTO-AWARDING A SERIES OF MIS INFORMATION REPORTS PERFORM A STUDENT-BY-STUDENT TEST OF AWARD EFFICACY MONITORING THAT STUDENT GRANT AID HAS BEEN APPROPRIATELY DISTRIBUTED. WITHIN THE STUDENT ACCOUNTS SYSTEM AND GENERAL LEDGER STUDENT GRANT PROGRAMS EXPENDITURES ARE ASSIGNED SUB-CODES THAT UNIQUELY IDENTIFY THEM AS SUCH THUS PROHIBITING ANY INADVERTANT OR INAPPROPRIATE DISTRIBUTION. THE UNIVERSITY HAS ESTABLISHED APPROPRIATE CONTROLS THROUGH SEPARATION OF RESPONSIBILITIES AND INTERNAL AUDIT PROCEDURES THAT PRECLUDE ANY ENTITY WITHIN THE ADMINISTRATIVE STRUCTURE FROM DIVERTING STUDENT GRANT AID TO NONQUALIFIED USES. SCHEDULE I, PART III, COLUMN D THE "NON-CASH ASSISTANCE" REPORTED ARE CREDITS AGAINST STUDENT TUITION CHARGES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN STANDIFIRD PRESIDENT 253012 0 79564 0 0 0 15022 0 7457 0 355055 0 0 0 WALTER ZAKAHI PROVOST/SENIOR VP ACADEMIC AFFAIRS 254295 0 0 0 0 0 19950 0 9031 0 283276 0 0 0 JEFF BLADE COO/CFO (THRU FEB 2021) 182363 0 0 0 0 0 0 0 9331 0 191694 0 0 0 ERIN KASTBERG VP LEGAL AFFAIRS 190746 0 0 0 15740 0 14700 0 13960 0 235146 0 0 0 RALPH CHRISTOPHER REYNOLDS VP ATHLETICS 211685 0 70000 0 14564 0 16685 0 13944 0 326878 0 0 0 NATHAN THOMAS VP FOR STUDENT AFFAIRS 180524 0 0 0 960 0 14002 0 0 0 195486 0 0 0 JUSTIN BALL VP ENROLLMENT MANAGEMENT 170266 0 0 0 30960 0 14000 0 13771 0 228997 0 0 0 JAKE HEUSER FORMER VP ADVANCEMENT 224209 0 0 0 960 0 11534 0 13740 0 250443 0 0 0 BRIAN WARDLE HEAD MEN'S BASKETBALL COACH 733389 0 75000 0 12694 0 19950 0 13803 0 854836 0 0 0 WILLIAM MCDOWELL EXEC/ACADEMIC DIRECTOR TURNER SCHOOL 199550 0 0 0 28000 0 15182 0 13803 0 256535 0 0 0 JOSEPH CHEN CHAIR, INDUSTRIAL & MANUFACTURING EN 177332 0 0 0 72677 0 10372 0 9031 0 269412 0 0 0 LEX AKERS DEAN, COLLEGE OF ENGINEERING 234435 0 0 0 780 0 13348 0 13716 0 262279 0 0 0 MATT O'BRIEN INTERIM DEAN, COLLEGE OF BUSINESS 202369 0 0 0 9105 0 15908 0 13960 0 241342 0 0 0 PRATIMA GANDHI FORMER CFO 92408 0 0 0 27232 0 3687 0 4399 0 127726 0 0 0 GARY ROBERTS FORMER PRESIDENT 177711 0 0 0 169360 0 9393 0 1493 0 357957 0 100000 0 PART I, LINE 1A BRIAN WARDLE, MEN'S BASKETBALL COACH, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. WALTER ZAKAHI, SENIOR VP ACADEMIC AFFAIRS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. RALPH CHRISTOPHER REYNOLDS, VP ATHLETICS, RECEIVED TAX GROSS UP. ALL TAXABLE BENEFITS WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE. A ILLINOIS FINANCE AUTHORITY SERIES 2008 A&B 861091967 45200FDZ9 2008-03-25 63775000 REFUND BONDS ISSUED ON 2/19/02 AND 4/17/07 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2017A & B 861091967 2017-09-19 50000000 CONSTRUCTION ON INSTRUCTIONAL BUILDING 0 0 0 C ILLINOIS FINANCE AUTHORITY SERIES 2017C 861091967 45204EWY0 2017-09-19 39500000 REFUND BONDS ISSUED ON 4/17/07 0 0 0 A 63775000 63139738 564514 70748 2010 0 1 1 1 B 50000000 326351 49673649 2019 0 0 1 1 C 39500000 39342401 157599 2018 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K SUPPLENTAL INFORMATION SCHEDULE K LINE 7 COLUMN B - ISSUANCE COST $564,514 X 21 850961 FAIR MARKET VALUE X 1 1761 RECEIPTS X USE OF AUTOS 18 54157 LEASE VALUE X ACADEMIC SUPPORT 2 2661 RECEIPTS X PARENT'S BOARD 9 1953 RECEIPTS 21 0 1 0 PART I, COLUMN (B): LINE 9: NUMBER OF EACH CONTRIBUTOR (DONORS) LINE 19: NUMBER OF CONTRIBUTORS (DONORS) LINE 25: NUMBER OF EACH SEPARATE GIFT LINE 26: NUMBER OF EACH SEPARATE GIFT LINE 27: NUMBER OF ITEMS CONTRIBUTED FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DETAIL IS PREPARED BY THE ASSOCIATE CONTROLLER AND ASSISTANT CONTROLLER. THE ENTIRE FORM IS THEN REVIEWED AND APPROVED BY THE CHIEF OPERATIONS OFFICER. THEREAFTER, THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO SUBMISSION TO THE ENTIRE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE TRUSTEES OF THE BOARD COMPLETE CONFLICT OF INTEREST FORMS. FORMS ARE REVIEWED AND DISCLOSED TO THE EXECUTIVE COMMITTEE AS APPROPRIATE. CONFLICT OF INTEREST FORMS ARE ALSO COMPLETED ANNUALLY BY OFFICERS AND KEY EMPLOYEES. FORMS ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT'S CONFLICT OF INTEREST FORM IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEEES. FACULTY MUST CERTIFY TO THEIR DEPARTMENT CHAIRS ON AN ANNUAL BASIS THEIR COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF COMMITMENT AND CONFLICT OF INTEREST POLICIES BY COMPLETING A FORM. THE DEPARTMENT CHAIR FORWARDS THESE CERTIFICATIONS TO THE PROVOST. IF THERE IS A CONFLICT, AN AD HOC DISCLOSURE FORM IS COMPLETED. AFTER DEPARTMENT CHAIR REVIEWS, THIS FORM IS FORWARDED TO THE DEAN, THEN PROVOST FOR APPROVAL OF DETERMINATION. CERTAIN ADMINISTRATIVE AND PROFESSIONAL STAFF AT THE UNIVERSITY ARE ALSO REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS. THESE FORMS ARE THEN REVIEWED BY THEIR DIRECTORS AND FORWARDED TO THE APPROPRIATE VICE PRESIDENT FOR REVIEW, APPROVAL, AND DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S COMPENSATION BASED UPON FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. THE UNIVERSITY PRESIDENT DETERMINES COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES BASED UPON COMPENSATION SURVEYS. THIS IS THEN SUBMITTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 9 EFFECTIVE JANUARY 1, 2021, THE UNIVERSITY ENACTED A PLAN AMENDMENT, APPROVED BY THE BOARD OF DIRECTORS, WHICH SIGNIFICANTLY REDUCED THE LONG-TERM LIABILITY ASSOCIATED WITH THE SELF-INSURED HEALTH PLAN. AS OF JANUARY 1, 2021, RETIREES MUST NOW SIGN UP FOR MEDICARE AND PURCHASE A SUPPLEMENT TO PAY FOR EXPENSES NOT COVERED BY MEDICARE. THE UNIVERSITY NOW SPONSORS A MEDICARE ADVANTAGE SUPPLEMENTAL PLAN WHICH IS INSURED BY A THIRD PARTY AND INTEGRATES WITH MEDICARE TO COVER THE RETIREES MEDICAL AND PRESCRIPTION EXPENSES. THIS ARRANGEMENT WILL MOVE 100% OF THE MEDICAL AND PRESCRIPTION EXPENSE OF FUTURE RETIREES TO MEDICARE AND THE THIRD-PARTY PLAN WITH THE UNIVERSITY'S EXPENSE BEING 50% OF THE PREMIUM. THE EFFECT OF THE PLAN AMENDMENT RESULTED IN A DECREASE IN THE ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION OF $29,103,895 RECOGNIZED AS A PRIOR SERVICE CREDIT, AT MAY 31, 2021. CERTAIN ELIGIBLE EMPLOYEES AND RETIREES ARE GRANDFATHERED UNDER THE FORMER PLAN, AND THUS A LIABILITY FOR THAT OBLIGATION DOES REMAIN. FORM 990, PART XI, LINE 9: SWAP CONTRACT GAIN 1,264,308. CHANGES IN SPLIT DOLLAR INTEREST -166,793. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.