2022-03-22T13:58:19-05:00 2021-06-30 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2020-07-01 580566143 BRENAU UNIVERSITY INC BREN 7705346268 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 TOBY R HINTON VP FOR FINANCIAL SERVICES 7705346257 2022-03-21 1 TOBY HINTON 999009999 M SUSAN HILL P00846200 7703961100 2022-03-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR ANNE A SKLEDER 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 76947779 0 X WWW.BRENAU.EDU X 1878 GA SEE SCHEDULE O 27 25 914 250 0 0 8998717 8053469 62638078 63428142 2076095 1342826 -30169 -92099 73682721 72732338 11149020 10154841 0 0 30299383 31057317 0 0 884524 26938407 27591908 68386810 68804066 5295911 3928272 138158493 156256059 37888048 36263853 100270445 119992206 X SEE SCHEDULE O 0 0 17321314 5153479 17256432 BRENAU UNIVERSITY IS A PRIVATE, COMPREHENSIVE UNIVERSITY THAT INCLUDES THE UNDERGRADUATE RESIDENTIAL SCHOOL, THE UNDERGRADUATE NONRESIDENTIAL SCHOOL, THE GRADUATE SCHOOL, AND THE EARLY COLLEGE PROGRAM.EACH COMPONENT OF THE UNIVERSITY ENHANCES THE OTHERS THROUGH SHARED RESOURCES, FACILITIES, FACULTY AND CULTURAL OPPORTUNITIES WITH SOME LIMITED CROSS-ENROLLMENT OPPORTUNITIES AVAILABLE. HOWEVER, EACH UNIT IS DEFINED BY DISTINCT CHARACTERISTICS.THE UNDERGRADUATE RESIDENTIAL SCHOOL, OR WOMEN'S COLLEGE, OFFERS BACCALAUREATE PROGRAMS, SOME OF WHICH FEED INTO GRADUATE PROGRAMS, WITH A MULTI-DISCIPLINE LIBERAL ARTS FOUNDATION THAT ENABLES STUDENTS TO EXPLORE GENERAL INTERESTS AS WELL AS PURSUE SPECIALIZED STUDIES. WOMEN HAVE OPPORTUNITIES TO DEVELOP LEADERSHIP SKILLS IN AN ENVIRONMENT THAT ENCOURAGES AWARENESS OF AND PARTICIPATION IN A WORLD CHARACTERIZED BY PLURALISM AND TO EXPLORE AND PREPARE FOR VARIOUS CAREER OPPORTUNITIES. 25468250 4539084 25753884 THE UNDERGRADUATE NONRESIDENTIAL SCHOOL OFFERS STUDIES LEADING TO ASSOCIATE AND BACCALAUREATE DEGREES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS PROVIDE FOUNDATIONS FOR INDIVIDUAL AND PROFESSIONAL GROWTH AND COMPETENCE. 17328955 462278 19041525 THE GRADUATE SCHOOL OFFERS STUDIES LEADING TO MASTERS, EDUCATIONAL SPECIALIST, AND DOCTORAL DEGREES AS WELL AS GRADUATE CERTIFICATES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS ENCOURAGE STUDENTS TO DEVELOP THE PROFICIENCY AND PROFESSIONALISM NECESSARY TO MEET THE CHALLENGES INHERENT IN THEIR FIELDS OF STUDY. 928881 586237 AUXILIARY ENTERPRISES - ENRICHMENT PROGRAMS AND OTHER SUPPORT FOR THE INSTRUCTIONAL PROGRAMS OF THE UNIVERSITY. 928881 586237 61047400 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 38 0 914 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X TOBY R HINTON 7705346257 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 MIKE H SMITH CHAIR 1.00 X X 0 0 0 EMILIE HENDERSON HOWARD VICE CHAIR 1.00 X X 0 0 0 PIERPONT F BROWN III TRUSTEE 1.00 X 0 0 0 AMELIA COLLINS TRUSTEE 1.00 X 0 0 0 CAROLE ANN CARTER DANIEL TRUSTEE 1.00 X 0 0 0 ROBIN SMITH DUDLEY TRUSTEE 1.00 X 0 0 0 KATHRYN DUNLAP TRUSTEE 1.00 X 0 0 0 MARIA EBRAHIMJI TRUSTEE 1.00 X 0 0 0 ROBERT L FOWLER JR TRUSTEE 1.00 X 0 0 0 MELISSA CURRIN HEARD TRUSTEE 1.00 X 0 0 0 MELISSA CANNADAY HOWARD TRUSTEE 1.00 X 0 0 0 M DOUGLAS IVESTER TRUSTEE 1.00 X 0 0 0 ANNA A JACOBS TRUSTEE 1.00 X 0 0 0 TIM KNIGHT TRUSTEE 1.00 X 0 0 0 EMILY LAWSON TRUSTEE 1.00 X 0 0 0 JILL MANSFIELD TRUSTEE 1.00 X 0 0 0 PETER D MILLER TRUSTEE 1.00 X 0 0 0 JAMES H MOORE TRUSTEE 1.00 X 0 0 0 FRANK K NORTON JR TRUSTEE 1.00 X 0 0 0 LYDIA SARTAIN TRUSTEE 1.00 X 0 0 0 LAWRENCE B SCHRAGE TRUSTEE 1.00 X 0 0 0 GAIL A SMITH TRUSTEE 1.00 X 0 0 0 SHAY ENGLISH STAFFORD TRUSTEE 1.00 X 0 0 0 MICHAEL D STUBBLEFIELD MD TRUSTEE 1.00 X 0 0 0 MARY KATHRYN WELLS-WINSETT TRUSTEE 1.00 X 0 0 0 AMY WHITLEY TRUSTEE 1.00 X 0 0 0 PATRICIA E WOLFE TRUSTEE 1.00 X 0 0 0 DR ANNE A SKLEDER PRESIDENT 40.00 X 343908 0 57599 DR DAVID BARNETT EXEC VP & CFO 40.00 X 285264 0 53224 JACK MATTHEW THOMAS VP FOR EXTERNAL RELATIONS 40.00 X 172589 0 39034 DR EDWARD L SCHRADER JR PRESIDENT EMERITUS 40.00 X 548645 0 68850 DR GALE H STARICH DEAN, COLLEGE OF HEALTH SCIENCE 40.00 X 139673 0 17025 JIM ECK VPAA & PROVOST 40.00 X 196621 0 50986 HEATHER ROSS CHAIR OF PT 40.00 X 142558 0 24267 JULIE BETH KEENA CHAIR, PHYSICIAN ASSISTANT STUDIES 40.00 X 183133 0 41399 KATHLEEN FOLEY DIRECTOR, SCHOOL OF OT 40.00 X 151544 0 34359 2163935 0 386743 31 0 1 0 ARAMARK FACILITY SERVICES 1101 MARKET STREET PHILADELPHIA PA 191072988 FACILITY MAINTANENCE & CUSTODIAL SERVICE 4016520 SYNERGIS EDUCATION INC 1201 S ALMA SCHOOL ROAD SUITE 9500 MESA AZ 85210 ADVERTISING/RECRUITING 3447527 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 EDUCATIONAL CONSULTING 3226474 HELIX EDUCATION INC PO BOX 894 SALT LAKE CITY UT 84110 ADVERTISING/RECRUITING 2844590 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 191072988 FOOD SERVICE VENDOR 1450732 32 3015728 5037741 866981 8053469 TUITION AND FEES 611710 60011433 60011433 SALES OF AUXILIARY ENTERPRISES 611710 3416709 3416709 63428142 1213599 1213599 95569 187668 -92099 -92099 -92099 4157000 4027773 129227 129227 129227 72732338 63428142 0 1250727 9708342 9708342 446499 446499 3054891 1213445 1356617 484829 22411096 20081312 2131885 197899 879534 794328 53626 31580 2959792 2843441 47511 68840 1752004 1544985 154790 52229 95402 95402 91621 91621 52004 52004 3543332 3141977 398855 2500 242662 235678 6984 1265452 1150014 108209 7229 933095 844043 89052 273537 205505 59634 8398 809418 745268 64150 2656919 2446345 200073 10501 773386 125273 648113 RECRUITING 10615534 10615534 RENTAL 1454676 1454676 FOOD AND DINING SERVICE 1428170 1428150 20 BAD DEBT 803391 803391 2553309 2022585 510205 20519 68804066 61047400 6872142 884524 3639131 6400649 1152705 3303894 7117910 6925015 3800441 3753600 14469 0 91215267 39789021 53062278 51426246 51704959 65201688 2706690 2963192 14959910 16281775 138158493 156256059 3913369 4711537 5550553 6000238 22870958 21033619 5553168 4518459 37888048 36263853 X 40491341 46182737 59779104 73809469 100270445 119992206 138158493 156256059 X 3928272 14278106 1515383 X 0 1 X 1 1 1 X 4920993 2370926 4420739 8998717 8053469 28764844 4920993 2370926 4420739 8998717 8053469 28764844 6374444 22390400 2639130 2580951 1764187 3219286 1309168 11512722 40277566 301999143 0.55590 0.49970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 866981 15917593 X X X 0 50103721 162107 15147900 857400 3299600 61256728 49482308 416527 1924140 907298 811956 50103721 47903922 321409 2912857 765945 889935 49482308 45253979 176793 3926088 671000 781938 47903922 38344473 2998082 5320049 601400 807225 45253979 0.00000 0.52881 0.47119 0 0 3444137 3444137 68190240 26375847 41814393 5199608 2657186 2542422 13955974 10342578 3613396 425308 413410 11898 51426246 WORKS OF ART 15917593 OTHER ASSETS 364182 16281775 ADVANCES FROM FEDERAL GOVERNMENT 196226 INTEREST RATE SWAP 1316981 LEASE OBLIGATIONS 1120664 LIABILITIES UNDER DEFERRED COMP. 693490 LIABILITY UNDER REMAINDER TRUSTS 143598 REFUNDABLE ADVANCES 1047500 4518459 79148252 14278106 1515383 15793489 63354763 52004 9325571 9377575 72732338 59426491 187668 187668 59238823 52004 9513239 9565243 68804066 PART III, LINE 4: THE UNIVERSITY OWNS APPROXIMATELY 3,968 WORKS OF ART AS FOLLOWS: PHOTOGRAPHS 300 PAINTINGS 1,198 WORKS ON PAPER 1,819 SCULPTURE (CERAMICS INCLUDED) 539 TEXTILE (DOES NOT INCLUDE THE TEXTILE COLLECTIONS) 112 THE COLLECTION FURTHERS THE UNIVERSITY'S EXEMPT PURPOSE AS AN EDUCATIONAL INSTITUTION BY PROVIDING AN INVALUABLE EDUCATIONAL RESOURCE. THE COLLECTION HIGHLIGHTS THE NOTABLE ART TRENDS AND FOCUSES ON CONTEMPORARY ART AND ART CREATED BY WOMEN. THE COLLECTION HELPS STUDENTS BROADEN THEIR WORLD VIEW BY EXPOSING THEM TO A VARIETY OF MODES OF SELF EXPRESSION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF 137 DONOR-RESTRICTED FUNDS ESTABLISHED FOR SCHOLARSHIPS, BUILDING MAINTENANCE, AND OTHER PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 789,937. VALUATION ADJUSTMENT FOR INTEREST RATE SWAP AGREEMENT 725,446. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,513,239. DIRECT RENTAL EXPENSES -187,668. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 187,668. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,513,239. 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 UNIVERSITY PUBLISHES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE AT: HTTP://CATALOG.BRENAU.EDU/ SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID. 1 0 0 0 0 0 0 0 0 0 FINANCIAL ASSISTANCE/SCHOLARSHIPS EAST ASIA AND THE PACIFIC 19 108450 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS EUROPE 3 104750 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SOUTH AMERICA 3 121218 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SUB-SAHARAN AFRICA 3 63681 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 4600 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 43800 POSTED TO STUDENT ACCOUNT FMV 0 0 0 0 0 0 PART I, LINE 2: THE GRANTS REPORTED IN PART III ARE SCHOLARSHIPS TO STUDENTS. THE USE OF SCHOLARSHIPS IS CONTROLLED BY APPLYING SUCH AMOUNTS DIRECTLY AGAINST BALANCES OWED BY THE STUDENT FOR TUITION, FEES AND OTHER QUALIFYING EDUCATIONAL EXPENSES. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND FINANCIAL AID 2648 9066740 CARES ACT GRANTS 750 641602 PART I, LINE 2: THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS AND MAINTAINS RECORDS REGARDING ALL FINANCIAL AID AWARDS. X X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DR ANNE A SKLEDER PRESIDENT 295919 0 0 0 47989 0 45600 0 11999 0 401507 0 0 0 DR DAVID BARNETT EXEC VP & CFO 251350 0 0 0 33914 0 42477 0 10747 0 338488 0 0 0 JACK MATTHEW THOMAS VP FOR EXTERNAL RELATIONS 171023 0 0 0 1566 0 27835 0 11199 0 211623 0 0 0 DR EDWARD L SCHRADER JR PRESIDENT EMERITUS 302046 0 100165 0 146434 0 45600 0 23250 0 617495 0 0 0 DR GALE H STARICH DEAN, COLLEGE OF HEALTH SCIENCE 132454 0 0 0 7219 0 5206 0 11819 0 156698 0 0 0 JIM ECK VPAA & PROVOST 189992 0 0 0 6629 0 31987 0 18999 0 247607 0 0 0 HEATHER ROSS CHAIR OF PT 141962 0 0 0 596 0 7613 0 16654 0 166825 0 0 0 JULIE BETH KEENA CHAIR, PHYSICIAN ASSISTANT STUDIES 181007 0 0 0 2126 0 29600 0 11799 0 224532 0 0 0 KATHLEEN FOLEY DIRECTOR, SCHOOL OF OT 150630 0 0 0 914 0 24360 0 9999 0 185903 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - THE UNIVERSITY'S PRESIDENT EMERITUS RECEIVED TAX GROSS-UP PAYMENTS INCLUDED AS COMPENSATION IN TAXABLE INCOME. PART I, LINE 1A: DISCRETIONARY SPENDING ACCOUNT - THE UNIVERSITY'S PRESIDENT RECEIVED A DISCRETIONARY SPENDING ALLOWANCE THAT IS REPORTED IN TAXABLE INCOME. PART I, LINE 1A: HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS PROVIDED WITH A HOUSING ALLOWANCE THAT IS REPORTED IN TAXABLE INCOME. PART I, LINE 1A: SOCIAL CLUB DUES - THE UNIVERSITY PAYS DUES ON BEHALF OF THE PRESIDENT. PART I, LINE 1A: PERSONAL SERVICES - CLEANING SERVICES AND LAWN MAINTENANCE ARE PROVIDED FOR THE UNIVERSITY'S PRESIDENT'S PERSONAL RESIDENCE. THE VALUE OF THIS BENEFIT IS INCLUDED IN TAXABLE INCOME. A GAINESVILLE AND HALL COUNTY REDEVELOPMENT AUTHORITY 581501826 2014-06-06 7900000 ACQUISITION, CONSTRUCTIONS AND INSTALLATION OF CAMPUS FACILITIES 0 0 0 B GAINESVILLE REDEVELOPMENT AUTHORITY 581520209 2018-04-26 9710000 REFINANCE SERIES 2013 BONDS 0 0 0 C GAINESVILLE AND HALL COUNTY REDEVELOPMENT AUTHORITY 581581826 2019-07-26 5305000 ACQUISITION, CONSTRUCTIONS AND INSTALLATION OF CAMPUS FACILITIES 0 0 0 A 1321908 7900000 52950 7847092 0 0 1 1 B 1066664 9710000 53052 9651948 1 0 1 1 C 204271 5305000 65638 3249362 1990000 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BRANCH BANK AND TRUST COMPANY 7.000000000000 0 0 0 0 1 B 0 0 0 0 1 1 BRANCH BANK AND TRUST COMPANY 7.000000000000 0 0 0 0 1 C 0 0 0 0 1 1 BRANCH BANK AND TRUST COMPANY 7.000000000000 0 0 0 0 1 A 1 B 1 C 1 DR EDWARD L SCHRADER JR PRESIDENT EMERITUS 45300 THE UNIVERSITY HAS A 31.7 PERCENT OWNERSHIP INTEREST IN THE HOME OF THE UNIVERSITY PRESIDENT EMERITUS. COINCIDENT WITH THE RETIREMENT OF PRESIDENT EMERITUS, THE BOARD OF TRUSTEE'S HAS AGREED TO TRANSFER THE UNIVERSITY'S OWNERSHIP PERCENTAGE BACK TO HIM OVER THE COURSE OF FIVE YEARS BEGINNING WITH THE CALENDAR YEAR 2020. 0 FEATHERBONE CENTER LLC TRUSTEES PHILIP A. WILHEIT & JAMES A. WALTERS ARE PARTNERS IN FEATHERBONE 605496 THE UNIVERSITY ENTERED INTO A 57,776 SQUARE FOOT OPERATING LEASE FOR ITS NURSING FACILITY,DANCE CLASSROOM SPACE AND OCCUPATIONAL THERAPY FACILITIES. AN EXTENSIVE SEARCH BASED ON COST, SUITABILITY, AND PROXIMITY TO THE MAIN CAMPUS WAS MADE BEFORE SELECTING THE PROPERTY AT THE FEATHERBONE CENTER. MR. WALTERS AND MR. WILHEIT ABSTAINED FROM VOTING. 0 NORTON AGENCY TRUSTEE FRANK NORTON HAS OWNERSHIP IN COMPANY 115549 THE UNIVERSITY PURCHASES GENERAL INSURANCE FROM THE COMPANY. THE TRUSTEE HAS AN OWNERSHIP INTEREST IN THE COMPANY. COMPETITIVE BIDS WERE TAKEN TO ENSURE FEES ARE REASONABLE. 0 CARROLL DANIEL CONSTRUCTION COMPANY TRUSTEE CAROLE ANN DANIEL IS EMPLOYED BY & HAS OWNERSHIP IN COMPANY 298195 THE UNIVERSITY ENTERED INTO CONSTRUCTION CONTRACTS WITH THIS FAMILY OWNED BUSINESS. MS. DANIEL IS THE VICE PRESIDENT AND HAS AN OWNERSHIP INTEREST IN THE COMPANY. COMPETITIVE BIDS WERE TAKEN TO ENSURE FEES ARE REASONABLE. 0 UNIVERSAL COLLEGIATE ALLIANCES LLC TRUSTEE JAMES A. WALTERS HAS OWNERSHIP IN COMPANY 293602 THE UNIVERSITY MAY HAVE FOREIGN STUDENTS ENROLLED THAT ARE RECRUITED FROM THIS ORGANIZATION. THE TRUSTEE HAS AN OWNERSHIP INTEREST IN THE COMPANY. COMPETITIVE BIDS WERE TAKEN TO ENSURE FEES ARE REASONABLE. 0 X 10 866981 FAIR MARKET VALUE 10 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES THE PRESIDENT EMERITUS AS AN OUTSIDE CONTRACTOR TO SOLICIT GIFTS OF ART, AND USES INVESTMENT BROKERS TO SELL GIFTS OF STOCK. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: BRENAU UNIVERSITY CHALLENGES STUDENTS TO LIVE EXTRAORDINARY LIVES OF PERSONAL AND PROFESSIONAL FULFILLMENT. AS STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES OR NON-DEGREE PROGRAMS AT BRENAU CAMPUSES AND ONLINE, EACH PREPARES FOR A LIFETIME OF INTELLECTUAL ACCOMPLISHMENT AND APPRECIATION OF ARTISTIC EXPRESSION THROUGH A CURRICULUM ENRICHED BY THE LIBERAL ARTS, SCIENTIFIC INQUIRY AND GLOBAL AWARENESS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: BRENAU UNIVERSITY CHALLENGES STUDENTS TO LIVE EXTRAORDINARY LIVES OF PERSONAL AND PROFESSIONAL FULFILLMENT. AS STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES OR NON-DEGREE PROGRAMS AT BRENAU CAMPUSES AND ONLINE, EACH PREPARES FOR A LIFETIME OF INTELLECTUAL ACCOMPLISHMENT AND APPRECIATION OF ARTISTIC EXPRESSION THROUGH A CURRICULUM ENRICHED BY THE LIBERAL ARTS, SCIENTIFIC INQUIRY AND GLOBAL AWARENESS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRMAN, VICE-CHAIR, SECRETARY, TREASURER, AND THE CHAIRS OF THE FINANCE, EXTERNAL RELATIONS, FACILITIES, AUDIT, HEALTHCARE EDUCATION, TRUSTEESHIP, AND COMPENSATION COMMITTEES. THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD IN MOST MATTERS WITH RESPECT TO THE AFFAIRS OF THE UNIVERSITY WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION. FORM 990, PART VI, SECTION A, LINE 2 TWO UNIVERSITY TRUSTEES ARE MEMBERS OF A LIMITED LIABILITY COMPANY THAT LEASES EDUCATIONAL FACILITIES TO THE UNIVERSITY. SEE SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND MADE AVAILABLE ONLINE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARE REVIEWED AND MONITORED BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABILITY DATA SUPPLIED BY A CONSULTANT TO DETERMINE COMPENSATION OF THE PRESIDENT. THE PRESIDENT USES COMPARABILITY DATA TO DETERMINE RECOMMENDED COMPENSATION OF TOP MANAGEMENT AND KEY EMPLOYEES TO THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FEDERAL FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN SPLIT INTEREST AGREEMENT 789,937. VALUATION ADJUSTMENT FOR INTEREST RATE SWAP 725,446.