2025-06-16T12:40:59-05:00 2024-07-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-08-01 370662594 ILLINOIS WESLEYAN UNIVERSITY ILLI 3095563021 PO BOX 2900 BLOOMINGTON IL 61702 CRAIG MAYNARD INTERIM VP FOR BUSINESS & FINANCE 3095563021 2025-06-13 1 1 SAMUEL A CIGELNIK P00324762 3096714500 2025-06-13 2023 2025-03-06 01:10:19Z CRAIG MAYNARD PO BOX 2900 BLOOMINGTON IL 61702 125939076 0 X WWW.IWU.EDU X 1850 IL THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW. 39 38 1705 600 29599 4625 7537914 14848160 48065946 49351391 5957890 1929546 335760 -1094 61897510 66128003 0 0 0 0 39439261 37582872 0 0 0 37238090 40367310 76677351 77950182 -14779841 -11822179 425289918 436309632 102733426 108175807 322556492 328133825 X THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW. 0 0 74236659 49351391 ILLINOIS WESLEYAN UNIVERSITY PROVIDES A RICH LEARNING ENVIRONMENT FOR APPROXIMATELY 1,550 UNDERGRADUATE STUDENTS WITH EXTENSIVE PERSONAL ATTENTION. THE EXPERIENTIAL LEARNING MODEL FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY. THE INSTITUTION SERVES STUDENTS PURSING BACCALAUREATE DEGREES IN THE LIBERAL ARTS, FINE ARTS AND PROFESSIONAL PROGRAMS AS WELL AS INTERDISCIPLINARY STUDY AND OFF CAMPUS LEARNING. SPECIFIC DISCIPLINES OF EMPHASIS INCLUDE BIOLOGY, NURSING, ACCOUNTING, BUSINESS, THEATER AND MUSIC. THE UNIVERSITY OFFERS A ROBUST STUDENT LIFE AND RESIDENTIAL EXPERIENCE TO CREATE AN INCLUSIVE COMMUNITY FOR STUDENTS. 74236659 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 318 0 1 1705 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 X CRAIG MAYNARD 3095563021 1312 PARK STREET BLOOMINGTON IL 61701 TIMOTHY SZERLONG CHAIR 2.00 X X 0 0 0 JOHN DICKENS VICE CHAIR 2.00 X X 0 0 0 THOMAS LAWRENCE VICE CHAIR 2.00 X X 0 0 0 EDWARD RUST JR VICE CHAIR 2.00 X X 0 0 0 ROBERT ZIMMERMANN TREASURER 2.00 X X 0 0 0 HERBERT GETZ SECRETARY 2.00 X X 0 0 0 ROD ADAMS TRUSTEE 2.00 X 0 0 0 RICHARD AMES TRUSTEE 2.00 X 0 0 0 PHYLLIS BARKER TRUSTEE 2.00 X 0 0 0 FRANK BEARD TRUSTEE 2.00 X 0 0 0 DIRK BEHRENDS TRUSTEE 2.00 X 0 0 0 ERIC BIEBER TRUSTEE (FROM 05/24) 2.00 X 0 0 0 MICHAEL CLARK TRUSTEE 2.00 X 0 0 0 MARK DENZLER TRUSTEE 2.00 X 0 0 0 STEVEN DUDASH TRUSTEE 2.00 X 0 0 0 ANN MARQUIS FISHER TRUSTEE 2.00 X 0 0 0 RONALD GREENE TRUSTEE 2.00 X 0 0 0 DEON HORNSBY TRUSTEE 2.00 X 0 0 0 JOHN HORTON TRUSTEE 2.00 X 0 0 0 MARK ISRAEL TRUSTEE 2.00 X 0 0 0 JIM JOSLIN TRUSTEE 2.00 X 0 0 0 COLLEEN KANNADAY TRUSTEE 2.00 X 0 0 0 DANIELLE KAYS TRUSTEE 2.00 X 0 0 0 KATHY LAREY LEWTON TRUSTEE 2.00 X 0 0 0 THOMAS MCKINNEY TRUSTEE 2.00 X 0 0 0 LEAH MERRIFIELD TRUSTEE 2.00 X 0 0 0 SUNDEEP MULLANGI TRUSTEE 2.00 X 0 0 0 THOMAS NEIS TRUSTEE 2.00 X 0 0 0 LAURA RANDOLPH TRUSTEE 2.00 X 0 0 0 MARTINA SCANLAN TRUSTEE 2.00 X 0 0 0 COREY SCHIELER TRUSTEE 2.00 X 0 0 0 ANDY SHIRK TRUSTEE 2.00 X 0 0 0 KIMBERLY STERLING TRUSTEE 2.00 X 0 0 0 MARC TALLUTO TRUSTEE 2.00 X 0 0 0 DERRICK TILLMAN-KELLY TRUSTEE 2.00 X 0 0 0 STEVEN WANNEMACHER TRUSTEE 2.00 X 0 0 0 STEPHANIE WHYTE TRUSTEE 2.00 X 0 0 0 JOSH YOUNT TRUSTEE 2.00 X 0 0 0 S GEORGIA NUGENT PRESIDENT 40.00 X X 450000 0 47145 STEPHEN ONDRA TRUSTEE (THRU 05/24) 2.00 X 0 0 0 GEORGE VINYARD TRUSTEE (THRU 05/24) 2.00 X 0 0 0 JILL YORK TRUSTEE (THRU 05/24) 2.00 X 0 0 0 GINA MANDROS VP ADVANCEMENT 40.00 X 210808 0 48889 MARK BRODL PROVOST 40.00 X 213303 0 36540 STEVEN SEIBRING VP EXTERNAL RELATIONSHIPS 40.00 X 208100 0 35640 LEANN HUGHES VP ENROLLMENT & MARKETING 40.00 X 189492 0 47553 JOHN QUARTON DIRECTOR PETRICK IDEA CENTER 40.00 X 173400 0 38793 AMBER KUJATH PROFESSOR DIRECTOR OF NURSING 40.00 X 164144 0 33758 KARLA CARNEY-HALL VP STUDENT AFFAIRS 40.00 X 160391 0 32664 CYNTHIA LOTZ DIRECTOR OF HR 40.00 X 140020 0 29511 JAMES BLUMBERG DIRECTOR OF PHYSICAL PLANT 40.00 X 130040 0 40305 NARENDRA JAGGI PHYSICS PROFESSOR 40.00 X 129883 0 30567 MICHAEL WAGNER ATHLETIC DIRECTOR 40.00 X 125931 0 30264 MICHAEL THOMPSON ASSOCIATE VP INSTITUTIONAL EFFECTIVENESS 40.00 X 120216 0 37405 2415728 0 489034 34 0 1 0 CORE CONSTRUCTION SERVICES OF ILLINOIS 601 SW WATER ST PEORIA IL 61602 GENERAL CONTRACTOR 9267925 SODEXO SERVICES- MEMORIAL CENTER 104 E UNIVERSITY ST BLOOMINGTON IL 61701 FOOD SERVICES 5164472 L & F ELECTRIC INC 1309 S MAIN ST MORTON IL 61550 ELECTRICAL CONTRACTOR 715293 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 IT SERVICES VENDOR 711774 MECHANICAL SERVICE OF GALESBURG INC 1144 MONMOUTH BLVD GALESBURG IL 61401 GENERAL CONTRACTOR 632862 62 979826 13868334 14848160 NET TUITION AND FEES 900099 32156793 32156793 AUXILLIARY ENTERPRISES 900099 16111138 16111138 OTHER EDUCATION AND GE 900099 964411 964411 STUDENT LOAN INTEREST 900099 119049 119049 49351391 629687 30693 598994 527041 527942 -901 -901 -901 59571752 414322 58601827 84388 969925 329934 1299859 1299859 596723 596916 -193 -193 66128003 49351391 29599 1898853 X 2020842 2020842 28100009 27794741 305268 1036654 1033637 3017 5728047 5437646 290401 697320 695171 2149 328034 328034 109573 109480 93 4103246 3626765 476481 4601330 4511419 89911 2618225 2591792 26433 7883800 7733198 150602 1563630 1538085 25545 159527 151440 8087 2676737 2676737 6247244 5957978 289266 1196572 1196572 UBI FEDERAL EXPENSE 4635 4635 COST OF GOODS SOLD - AU 4613654 4613654 TUITION REMISSION 2706752 2706752 MISCELLANEOUS 1073008 1052211 20797 481343 476712 4631 77950182 74236659 3713523 0 7246661 7770135 3677669 2061385 2882806 1854281 1493533 5744462 5571255 328767 466939 289583242 137148580 140221627 152434662 251684065 118628938 126811184 15625196 17095985 425289918 436309632 6906732 11736366 5848627 6576600 66438691 64971392 1696986 3350458 21842390 21540991 102733426 108175807 X 152866781 150827838 169689711 177305987 322556492 328133825 425289918 436309632 X -11822179 17241292 158220 X X 0 1 X 1 1 1 X 13808219 14434118 11547322 7537914 14848160 62175733 13808219 14434118 11547322 7537914 14848160 62175733 4086593 58089140 3808542 6905294 1381187 416118 598994 13110135 29599 29599 75315467 247706842 0.77130 0.75450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 806945 X 0 262018691 7217253 6904647 20281856 255858735 269244872 3849371 8480500 19556052 262018691 265282056 2327284 16521924 14886392 269244872 205197138 1706632 69251478 10210856 108076 554260 265282056 203964839 4114970 13774723 16132103 69605 455686 205197138 0.33850 0.05960 0.60190 1 0 10058814 10058814 226462033 111979095 114482938 30991749 25169485 5822264 22070646 22070646 152434662 PRIVATE EQUITY 68695007 F REIT & REAL ASSET FUNDS 11099238 F FARMLAND, REALTY, AND LEASED PROPERTIES 43322174 F OTHER INVESTMENTS 3694765 F 126811184 ACCRUED POSTRETIREMENT BENEFITS 10179000 ANNUITIES PAYABLE 3146144 ASSET RETIREMENT OBLIGATION 4788704 REFUNDABLE US GOVERNMENT GRANTS 2266220 AGENCY FUNDS 548973 OPERATING LEASE OBLIGATIONS 611950 21540991 X 84915481 17241292 1546186 18787478 66128003 0 66128003 79338148 1387966 1387966 77950182 0 77950182 PART III, LINE 4: CONTRIBUTED COLLLECTIONS SUCH AS WORKS OF ART AND HISTORICAL TREASURES, WHERE NO APPRAISED VALUE WAS ATTAINABLE AT THE TIME OF RECEIPT, ARE NOT RECOGNIZED AS REVENUE AND HAVE NOT BEEN CAPITALIZED OR DEPRECIATED. A COLLECTION OF TRADITIONAL PUEBLO POTTERY AND A FEW WOODEN AND BASKETRY OBJECTS WAS PRESENTED TO THE UNIVERSITY IN THE MID 1880'S BY JOHN WESLEY POWELL. THE COLLECTION IS PRESERVED BY THE UNIVERSITY AND IS ON DISPLAY IN THE AMES LIBRARY. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS, SCHOLARLY ACHIEVEMENT, PROGRAM SUPPORT AND OTHER FUNCTIONS OF THE UNIVERSITY CONSISTENT WITH DONOR INTENT. FINANCIAL SUPPORT IS PROVIDED FROM INVESTMENT INCOME OF THE ENDOWED CORPUS, WHICH IS INVESTED TO PROVIDE INCOME IN PERPETUITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE, SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSE 596,916. RENTAL EXPENSE 527,942. CHANGE IN SPLIT-INTEREST AGREEMENT 421,328. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSE 596,916. RENTAL EXPENSE 527,942. CHANGE IN PRESENT VALUE SWAP AGREEMENT 263,108. 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'S STATEMENT OF NON-DISCRIMANTION CAN BE FOUND AT HTTPS://WWW.IWU.EDU/NON-DISCRIMINATION.HTML SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS FINANCIAL AID GRANTS FROM THE FEDERAL GOVERNMENT AND STATE OF ILLINOIS INCLUDING FEDERAL COLLEGE WORK STUDY. THE UNIVERSITY RECEIVES INDIRECT COST SHARE AS PART OF RESEARCH GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES LIKE THE NATIONAL SCIENCE FOUNDATION. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE STUDY ABROAD - BARCELONA, SPAIN 363350 0 0 0 0 0 0 363350 0 363350 0 0 1 0 1 0 X X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 S GEORGIA NUGENT PRESIDENT 450000 0 0 0 0 0 19800 0 27345 0 497145 0 0 0 GINA MANDROS VP ADVANCEMENT 210808 0 0 0 0 0 12649 0 36240 0 259697 0 0 0 MARK BRODL PROVOST 213303 0 0 0 0 0 12798 0 23742 0 249843 0 0 0 STEVEN SEIBRING VP EXTERNAL RELATIONSHIPS 208100 0 0 0 0 0 12486 0 23154 0 243740 0 0 0 LEANN HUGHES VP ENROLLMENT & MARKETING 189492 0 0 0 0 0 11370 0 36183 0 237045 0 0 0 JOHN QUARTON DIRECTOR PETRICK IDEA CENTER 173400 0 0 0 0 0 10404 0 28389 0 212193 0 0 0 AMBER KUJATH PROFESSOR DIRECTOR OF NURSING 164144 0 0 0 0 0 9564 0 24194 0 197902 0 0 0 KARLA CARNEY-HALL VP STUDENT AFFAIRS 160391 0 0 0 0 0 9624 0 23040 0 193055 0 0 0 JAMES BLUMBERG DIRECTOR OF PHYSICAL PLANT 130040 0 0 0 0 0 7800 0 32505 0 170345 0 0 0 CYNTHIA LOTZ DIRECTOR OF HR 140020 0 0 0 0 0 8401 0 21110 0 169531 0 0 0 NARENDRA JAGGI PHYSICS PROFESSOR 129883 0 0 0 0 0 6587 0 23980 0 160450 0 0 0 MICHAEL THOMPSON ASSOCIATE VP INSTITUTIONAL EFFECTIVE 120216 0 0 0 0 0 7199 0 30206 0 157621 0 0 0 MICHAEL WAGNER ATHLETIC DIRECTOR 125931 0 0 0 0 0 7556 0 22708 0 156195 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS PROVIDED A RESIDENCE ON CAMPUS AND IS REQUIRED TO LIVE IN THIS RESIDENCE PER EMPLOYMENT CONTRACT. THIS RESIDENCE IS USED TO HOST SEVERAL UNIVERSITY SPONSORED FUNCTIONS THROUGHOUT THE YEAR. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - COUNTRY CLUB DUES ARE REIMBURSED FOR THE PRESIDENT AND VICE PRESIDENT OF ADVANCEMENT. MEMBERSHIP IN THE COUNTRY CLUB IS A CONDITION OF EMPLOYMENT AND IS DEEMED CRITICAL FOR FUNDRAISING AND COMMUNITY SUPPORT. A ILLINOIS FINANCE AUTHORITY SERIES 2012 370662594 45203HHPO 2012-05-30 12900000 REFI SERIES 2001 & FUND CONSTRUCTION OF 2 APARTMENT STYLE HOUSING UNITS 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2016 370662594 45204EEG9 2016-07-13 56775000 REFI SERIES 2006, 2006B & 2008 0 0 0 A 12900000 301416 6277478 192722 2013 1 0 1 1 B 8200000 56775000 523341 6770635 292093 2016 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 PNC BANK 10.000000000000 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY SERIES 2012 DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2021 SCHEDULE K, PART I: SERIES 2012 BOND PROCEEDS REFUNDED $6.275 MILLION OF SERIES 2001 BONDS AND FINANCED CONSTRUCTION OF 2 APARTMENT STYLE STUDENT HOUSING UNITS. SERIES 2016 BOND PROCEEDS REFUNDED $12.285 MILLION OF SERIES 2006 BONDS, $31.005 MILLION OF SERIES 2006B BONDS, AND $18.510 MILLION OF SERIES 2008 BONDS. FORM 990, PART VI, SECTION A, LINE 1A IN ACCORDANCE WITH THE BY-LAWS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL MEET AT LEAST ONCE BETWEEN REGULAR MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD IN THE INTERIM BETWEEN STATED MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW AND THE BY-LAWS AND THE BOARD ITSELF, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT CONDUCT ELECTIONS OF THE BOARD MEMBERS, NOR FILL VACANCIES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B IT IS THE POLICY OF THE BOARD OF TRUSTEES OF ILLINOIS WESLEYAN UNIVERSITY THAT THE AUDIT & COMPLIANCE COMMITTEE SHALL REVIEW INTERNAL REVENUE SERVICES FORM 990 PRIOR TO FILING IT WITH THE IRS. ONCE THE AUDIT & COMPLIANCE COMMITTEE HAS REVIEWED IRS FORM 990, A COPY SHALL BE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING OF FORM 990. BOARD MEMBERS SHALL EXERCISE THEIR BEST EFFORT TO REVIEW FORM 990. BOARD MEMBERS WHO HAVE COMMENTS OR REVISIONS TO FORM 990 SHALL SUBMIT THOSE COMMENTS OR REVISIONS TO THE AUDIT & COMPLIANCE COMMITTEE CHAIR NO LATER THAN ONE WEEK FOLLOWING NOTIFICATION OF THE AVAILABILITY OF THE FORM 990 BEING POSTED FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST STATEMENT IS COLLECTED FROM TRUSTEES AND KEY EMPLOYEES. REMINDERS ARE SENT TO TRUSTEES AND KEY EMPLOYEES WITH OUTSTANDING STATEMENTS UNTIL RECEIVED. CONFLICTS DISCLOSED ARE REVIEWED AND MONITORED. TRUSTEES ABSTAIN FROM VOTING WHEN A VOTE IS REQUIRED AND THE TRUSTEE HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: THE PRESIDENT'S SALARY IS APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND A WRITTEN AGREEMENT IS SIGNED BY BOTH PARTIES. SALARY AMOUNT IS BASED ON, BUT NOT LIMITED TO: PRIOR SALARY, BUDGETED COMPENSATION INCREASE TO ALL EMPLOYEES OF THE UNIVERSITY, PERFORMANCE, CHANGES IN RESPONSIBILITY, COMPARATIVE DATA FROM CUPA AND OTHER RELEVANT FACTORS AS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION PROCESS FOR OFFICERS: VICE PRESIDENTS SALARIES ARE APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY AMOUNTS ARE BASED ON, BUT NOT LIMITED TO: PRIOR SALARY, BUDGETED COMPENSATION INCREASE TO ALL EMPLOYEES OF THE UNIVERSITY, PERFORMANCE, CHANGES IN RESPONSIBILITY, COMPARATIVE DATA FROM CUPA AND OTHER RELEVANT FACTORS AS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. REQUESTS FOR SUCH DATA ARE REVIEWED AND INFORMATION IS PROVIDED IF DEEMED APPROPRIATE. FORM 990, PART IX, LINE 24E STUDY ABROAD: PROGRAM SERVICE EXPENSES 363,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 363,350. LEASES: PROGRAM SERVICE EXPENSES 113,362. MANAGEMENT AND GENERAL EXPENSES 4,631. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,993. FORM 990, PART XI, LINE 9: CHANGE IN SWAP LIABILITY -263,108. CHANGE IN SPLIT INTEREST AGREEMENT OBLIGATIONS 421,328. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM PRIOR YEAR. FROM 990, PART I, LINE 6: VOLUNTEERS PARTICIPATE IN VARIOUS ACADEMIC, CAMPUS AND ALUMNI EVENTS LIKE HOMECOMING AND ALUMNI RELATIONS CONNECTIONS EVENTS. ACADEMIC VOLUNTEERS SPEAK TO CLASSES, ACT AS MENTORS AND HOST STUDENT VISITS TO VARIOUS WORKPLACES.