2022-05-16T11:44:40-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 210650678 RIDER UNIVERSITY RIDE 6098965000 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 JAMES P HARTMAN VP FINANCE AND TREASURER 6098965000 2022-05-16 1 JAMES HARTMAN 999009999 CONNIE M LIRA P00481097 2156433900 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR GREGORY DELL'OMO 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 260738893 0 X WWW.RIDER.EDU X 1865 NJ A NOT-FOR-PROFIT, PRIVATE UNIVERSITY, OFFERING UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS 29 29 2673 643 73483 0 23229204 22286390 198291392 189372813 2844439 4538618 933662 669613 225298697 216867434 84345995 88843553 0 0 93632791 89367913 45692 60658 2808565 56175644 57985903 234200122 236258027 -8901425 -19390593 278802595 309275121 134792144 166274773 144010451 143000348 X RIDER UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE PROGRAMS IN BUSINESS, EDUCATION, LIBERAL ARTS, SCIENCES, MUSIC, AND FINE AND PERFORMING ARTS.SEE SCHEDULE O FOR RIDER UNIVERSITY'S MISSION, VISION, AND PROMISE. 0 0 141856961 88078942 99797493 INSTRUCTION: RIDER UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE, TEACHING ORIENTED INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC AND ATHLETIC SCHOLARSHIPS, GRANTS AND STUDENT WORKSTUDY PROGRAMS. RIDER UNIVERSITY IS CURRENTLY ORGANIZED INTO FOUR COLLEGES - THE COLLEGE OF LIBERAL ARTS AND SCIENCES; THE COLLEGE OF EDUCATION AND HUMAN SERVICES; NORM BRODSKY COLLEGE OF BUSINESS; AND THE WESTMINSTER COLLEGE OF THE ARTS. SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS FOR INSTRUCTION. 24814010 0 46048496 STUDENT SERVICES: RIDER UNIVERSITY PROVIDES THESE SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. THESE SERVICES INCLUDE: ADMISSIONS, ATHLETICS, GREEK LIFE, CAREER SERVICES, COUNSELING CENTER, HEALTH SERVICES, FINANCIAL AID, AND RECREATION PROGRAMS. 20170146 721772 14403561 AUXILIARY ENTERPRISES: PRIMARY ROOM AND BOARD. THE LAWRENCEVILLE CAMPUS HOUSES APPROXIMATELY 900 STUDENTS IN THIRTEEN RESIDENCE HALLS AND SIX GREEK HOUSES. THE LAWRENCEVILLE CAMPUS OFFERS FACILITIES FOR DINING AND SNACKING FOR STUDENTS, FACULTY, STAFF AND GUESTS AT DALY'S DINING HALL, CRANBERRY'S, STARBUCKS AND SWEIGART EXPRESS. 14961480 42839 27765046 ACADEMIC SUPPORT: GENERAL SUPPORT TO THE STUDENTS. THESE INCLUDEACADEMIC INFORMATION TECHNOLOGY, DEAN'S OFFICES, LIBRARIES, THEATER,ART GALLERY, TV STUDIO, AND OTHER SIMILAR ACADEMIC ACTIVITIES. 732083 0 1358217 RESEARCH: RESEARCH PERFORMED BY FACULTY AND STUDENTS 15693563 42839 29123263 202534680 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 323 0 2673 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO KY MD MA MI NH NY OH OK OR SC WA X X JAMES P HARTMAN 6098965000 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 X JOHN GUARINO CHAIR 1.00 X X 0 0 0 JAMES P BUSH VICE CHAIR 1.00 X X 0 0 0 JOAN MAZZOTTI VICE CHAIR 1.00 X X 0 0 0 JULIO R ABREU TRUSTEE 1.00 X 0 0 0 SUZANNE BORGOS TRUSTEE 1.00 X 0 0 0 JILL HAMMER CANASTRA TRUSTEE 1.00 X 0 0 0 F CHRISTOPHER CAROTHERS TRUSTEE 1.00 X 0 0 0 DR JEFFREY CORNELIUS TRUSTEE 1.00 X 0 0 0 PATRICIA HARTPENCE TRUSTEE 1.00 X 0 0 0 WARREN HIRSCHHORN TRUSTEE 1.00 X 0 0 0 WILLIAM H KURTZ TRUSTEE 1.00 X 0 0 0 THOMAS J LYNCH TRUSTEE 1.00 X 0 0 0 JOSEPH J MAGGIO TRUSTEE 1.00 X 0 0 0 TERRY MCEWEN TRUSTEE 1.00 X 0 0 0 HON MARC A MCKITHEN TRUSTEE 1.00 X 0 0 0 THOMAS M MULHARE TRUSTEE 1.00 X 0 0 0 GARY NEUBECK TRUSTEE 1.00 X 0 0 0 DENISE PETITTA TRUSTEE 1.00 X 0 0 0 MICHELE POWERS TRUSTEE 1.00 X 0 0 0 BARRY RABNER TRUSTEE 1.00 X 0 0 0 MICHAEL RESTUCCIA TRUSTEE 1.00 X 0 0 0 SHERISE RITTER TRUSTEE 1.00 X 0 0 0 WILLIAM M RUE TRUSTEE 1.00 X 0 0 0 JANET L RUSSELL TRUSTEE 1.00 X 0 0 0 ROBERT SCHIMEK TRUSTEE 1.00 X 0 0 0 HON MARK S SCHWEIKER TRUSTEE 1.00 X 0 0 0 COLLEEN STACY SHAPIRO TRUSTEE 1.00 X 0 0 0 ARTHUR J STAINMAN TRUSTEE 1.00 X 0 0 0 ANNEMARIE WOODS TRUSTEE 1.00 X 0 0 0 GREGORY G DELL'OMO PRESIDENT 50.00 X 514685 0 90831 DONNAJEAN A FREDEEN PROVOST/VP ACADEMIC AFFAIRS 50.00 X 237871 0 64726 JAMES P HARTMAN VP FINANCE & TREASURER 50.00 X 247762 0 29681 MARK A SOLOMON VP LEGAL AFFAIRS & GENERAL 50.00 X 214530 0 37845 DEBORA Z STASOLLA SECRETARY VP STRATEGIC INITIATIVES & PLANNING 50.00 X 146083 0 26492 MICHAEL F RECA VP FACILITIES & UNIVERSITY 50.00 X 203703 0 12248 DREW C AROMANDO VP ENROLLMENT MANAGEMENT 50.00 X 203840 0 11878 PETER E BIHUNIAK AVP FINANCE & CONTROLLER - LEFT MAY 2021 37.50 X 162968 0 10161 KEVIN A BAGGETT BASKETBALL COACH 37.50 X 340730 0 35824 KARIN KLIM VP UNIVERSITY ADVANCEMENT 50.00 X 205246 0 44584 EUGENE KUTCHER DEAN OF NORM BRODKSY COLLEGE OF BUS. 37.50 X 210797 0 21842 CYNTHIA NEWMAN PROFESSOR MARKETING 37.50 X 206177 0 24313 GARY M BROSVIC PROFESSOR PSYCHOLOGY 37.50 X 206909 0 23174 3101301 0 433599 166 0 1 0 ELLUCIAN COMPANY LP 62590 COLLECTION CENTER DRIVE CHICAGO LA 60693 INFORMATION TECHNOLOGY 1466544 ONE SIXTY OVER NINETY LLC 510 WALNUT STREET FLOOR 19 PHILADELPHIA PA 19106 MARKETING 1102747 PATRICK J MURPHY & ASSOCIATES 300 OLD READING PIKE SUITE 1D STOWE PA 19464 PIPE ORGAN REPAIR 484560 RESOURCE MANAGEMENT GROUP PO BOX 373 LUMBERTON NJ 08048 COVID-19 RELATED SERVICES 414498 FISCHER INTERNATIONAL IDENTITY LLC 9045 STRADA STELL COURT SUITE 201 NAPLES FL 34109 HRIS LICENSE 200200 9 51782 9524257 12710351 162531 22286390 TUITION AND FEES 611310 171611968 171611968 ROOM AND BOARD 611310 13631248 13631248 OTHER PROGRAM SERVICE REVENUE 611310 4129597 4129597 189372813 2463011 -104735 2567746 162 162 16084 16084 223257 47812 0 0 223257 47812 271069 47812 223257 45881754 43806309 2075445 2075445 27599 2047846 77821 51782 65150 12671 12671 BUSINESS CONFERENCE CENTER 721000 353752 99812 253940 VENDING MACHINE COMMISSION 900099 10352 10352 FITNESS CENTER 713940 5685 2995 2690 369789 216867434 189372813 73483 5134748 42839 42839 88800714 88800714 2172050 513345 1463741 194964 15914 15914 65570778 56261700 7663364 1645714 2063700 1625532 384571 53597 13271942 8838588 4134951 298403 6273529 4153765 1987132 132632 422778 422778 576922 576922 135480 135480 7807 7807 60658 60658 373163 373163 3311623 1204055 2081341 26227 3714157 862456 2823020 28681 3656490 778129 2864830 13531 5346088 4342693 867121 136274 8487300 7979485 464165 43650 581635 569245 10632 1758 173095 163496 5340 4259 3734970 2633378 1087145 14447 12385074 11891753 424804 68517 1915295 199120 1716175 FOOD SERVICE 4897082 4897082 BOOK/PERIODICALS/SUBSCR 1292924 1238374 40499 14051 ALLOCATIONS/BAD DEBTS 917204 35126 882078 DUES/MEMBERSHIPS 757426 218850 521558 17018 5299390 4846263 398943 54184 236258027 202534680 30914782 2808565 21583 22188 21672174 30768023 21563243 21604297 3571299 5122935 1967828 1625064 342783670 188747934 147021480 154035736 48964231 55999600 29016799 35711559 2667577 1975033 2336381 2410686 278802595 309275121 21909224 25117503 12339359 16260605 76508359 109356034 417201 108861 7645671 386289 15972330 15045481 134792144 166274773 X 50217352 26072065 93793099 116928283 144010451 143000348 278802595 309275121 X -19390593 16026823 2353667 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 15058 1 2066 1 7807 24931 0 PART II-B, LINE 1: PAID STAFF AND DIRECT CONTACT: THE PRESIDENT MET WITH KEY LEGISLATORS AND POLICYMAKERS IN AN EFFORT TO ADVOCATE ON BEHALF OF THE STUDENTS AT RIDER UNIVERSITY WHO RECEIVE FINANCIAL SUPPORT FROM THE STATE AND FEDERAL GOVERNMENT. FOR 2020 CALENDAR YEAR, DISCUSSIONS INCLUDED THE CARES ACT FUNDING AS WELL. SPEECHES, LECTURES: THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) IS COMMITTED TO THE ADVANCEMENT OF INDEPENDENT HIGHER EDUCATION IN NEW JERSEY. IT SERVES AS A LIAISON WITH THE STATE AND FEDERAL GOVERNMENT ON BEHALF OF THE INDEPENDENT SECTOR. THE PRESIDENT OF RIDER UNIVERSITY ATTENDED AICUNJ MEETINGS, AS WELL AS OTHER INDUSTRY ASSOCIATION MEETINGS, THROUGHOUT FISCAL YEAR 2021 AND SUPPORTED ITS EFFORTS TO ADVOCATE ON BEHALF OF RIDER AND THE INDEPENDENT SECTOR. OTHER LOBBYING ACTIVITIES: THE UNIVERSITY PAYS ANNUAL ASSOCIATION DUES TO AICUNJ, TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU), AND TO THE INDEPENDENT COLLEGE FUND OF NEW JERSEY (ICFNJ). AMONG OTHER SERVICES, THESE ASSOCIATIONS LOBBY ON BEHALF OF SECTOR NEEDS. 0 1 X 69049047 2451295 18897830 3433997 415034 86549141 67045984 6004689 -339250 3253609 408767 69049047 59732623 8093298 2707988 3035017 452908 67045984 57307247 1591882 4162599 2895013 434092 59732623 55014641 1137210 6336806 2693180 2488230 57307247 0.05170 0.68140 0.26690 0 0 3960000 253359 4213359 252843987 130050675 122793312 33002467 18220663 14781804 52723857 40476596 12247261 154035736 ALTERNATIVES: FIXED INCOME 2692002 F ALTERNATIVES: PRIVATE REAL ASSETS 3108170 F ALTERNATIVES: DOMESTIC EQUITY 4977664 F ALTERNATIVES: FLEXIBLE CAPITAL 6352445 F ALTERNATIVES: PRIVATE EQUITY 8674392 F ALTERNATIVES: INTERNATIONAL EQUITY 6106886 F REAL ESTATE 3800000 C 35711559 ASSET RETIREMENT OBLIGATION 5461797 STUDENT DEPOSITS AND CREDIT BALANCES 1373470 US GOVERNMENT GRANTS REFUNDABLE 2132918 EMPLOYEE AND RETIREE MEDICAL SELF-INSURED LIABILITY 1589638 CAPITAL LEASE 2719967 VENDOR LIABILITIES 698883 ANNUITIES PAYABLE 536770 OTHER LIABILITIES 532038 15045481 X 146523161 16026823 -85997933 -69971110 216494271 373163 373163 216867434 147533264 449114 449114 147084150 373163 88800714 89173877 236258027 PART IV, LINE 2B: THE UNIVERSITY IS A CUSTODIAN OF SEVERAL AGENCY ACCOUNTS TOTALING $108,861. THE AGENCY ACCOUNTS PRIMARILY RELATE TO STUDENT ORGANIZATIONS FOR WHICH THE UNIVERSITY HOLDS THE FUNDS FOR EACH ORGANIZATION UNTIL SUCH TIME AS A CHECK REQUEST IS SUBMITTED BY THE ORGANIZATION FOR REIMBURSEMENT. THIS AMOUNT IS RECORDED AS A LIABILITY ON THE UNIVERSITY'S BALANCE SHEET. PART V, LINE 4: THE ENDOWMENT SPENDING POLICY SUPPORTS SCHOLARSHIPS, GRANTS, FACILITIES, AND PROGRAMS, IN ACCORDANCE WITH THE UNIVERSITY'S MISSION AND DONOR'S RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). ACCORDINGLY, THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2021 OR 2020. IN ADDITION, THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS, AS MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DEFEASANCE OF DEBT 1,501,960. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 1,195,463. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 129,773. WRITE-OFF OF CONTRIBUTION RECEIVABLE -24,415. SCHOLARSHIP ALLOWANCE - AUXILIARIES -721,772. SCHOLARSHIP ALLOWANCE - TUITION & FEES -88,078,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PENSION 392,251. COVID 19 EXPENSES 56,863. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE - TUITION & FEES 88,078,942. SCHOLARSHIP ALLOWANCE - AUXILIARIES 721,772. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES, AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED THE FOLLOWING FEDERAL AND STATE OF NEW JERSEY STUDENT FINANCIAL ASSISTANCE: FEDERAL: FEDERAL DIRECT STUDENT LOAN PROGRAM $28,456,007 FEDERAL PELL GRANT PROGRAM $5,989,596 FEDERAL WORK-STUDY $528,629 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT $398,111 FEDERAL STUDENT SUPPORT SERVICES $344,939 FEDERAL TEACHER EDUCATIONAL ASSISTANCE FOR COLLEGE & HIGHER ED GRANTS $2,829 TOTAL FEDERAL STUDENT FINANCIAL ASSISTANCE $35,720,111 STATE OF NEW JERSEY: NJ - TUITION AID GRANT $9,077,621 NJ - GOVERNOR'S URBAN SCHOLARS $2,000 NJ - STARS II $8,750 NJ - EDUCATIONAL OPPORTUNITY FUND $489,560 TOTAL STATE OF NEW JERSEY STUDENT FINANCIAL ASSISTANCE $9,577,931 TOTAL STUDENT FINANCIAL ASSISTANCE $45,298,042 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9165541 NORTH AMERICA 0 0 INVESTMENTS 992370 0 0 0 0 0 0 10157911 0 10157911 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART IV, LINES 1, 3-5: A FORM 8865 IS BEING FILED AS AN ATTACHMENT TO THE FORM 990-T. THE ORGANIZATION IS NOT REQUIRED TO FILE FORMS 926 OR 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP REQUIREMENT(S). IN ADDITION, FORM 8621 IS NOT REQUIRED AS THE ORGANIZATION DOES NOT MEET THE APPLICABLE FILING CRITERIA. X X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 2239 BILL FOSTER MEMORIAL HWY SUIT CABOT AR 72023 CONSULTS ON PHONATHON PROGRAM 0 96889 60658 36231 96889 60658 36231 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ATHLETICS GOLF GALA 57088 16602 40486 7398 15388 307 WRESTLING GOLF OUTING 24300 14050 10250 4139 5336 3876 125 3 48215 21130 27085 3251 7880 15411 2039 129603 51782 77821 14788 13216 34675 2471 65150 12671 1 RUTGERS UNIVERSITY 33 KNIGHTSBRIDGE ROAD PISTCATAWAY NJ 08854 237318742 501(C)(3) 30678 RECRUITMENT FOR STEM PROGRAMS BUCKS COUNTY COMMUNITY COLLEGE 275 SWAMP ROAD NEWTOWN PA 18940 231646982 501(C)(3) 12161 RECRUITMENT FOR STEM PROGRAMS 2 0 RIDER UNIVERSITY ATHLETIC, MERIT AND NEED-BASED FINANCIAL AID 4479 84929669 RESTRICTED AID USED FOR SCHOLARSHIP 471 2735225 N.J. - EDUCATIONAL OPPORTUNITY FUND 102 463003 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM 871 398111 FEDERAL NSF NOYCE GROW YOUR OWN PIPELINE 17 218274 FEDERAL STUDENT SUPPORT SERVICES PROGRAM 48 56432 PART I, LINE 2: THE UNIVERSITY HAS ESTABLISHED POLICIES, PROCEDURES, AND CONTROLS OVER THE AWARDING, DISBURSING, AND MONITORING OF STUDENT FINANCIAL AID OR ASSISTANCE TO INDIVIDUAL STUDENTS IN COMPLIANCE WITH FEDERAL AND STATE OF NEW JERSEY REGULATIONS AND REQUIREMENTS. IN ADDITION, THE UNIVERSITY HAS AN EXTERNAL AUDIT PERFORMED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200 (UNIFORM GUIDANCE) AND NEW JERSEY OFFICE OF MANAGEMENT AND BUDGET CIRCULAR 15-08. THE UNIVERSITY HAS PROCEDURES AND CONTROLS IN PLACE OVER THE AWARDING, DISBURSING, AND MONITORING OF SUBAWARDS MADE TO ORGANIZATIONS. THESE INCLUDE REVIEWING THE ANNUAL FINANCIAL STATEMENT AND SINGLE AUDIT REPORTS OF THE ORGANIZATION AND REVIEWING ALL SUPPORTING DOCUMENTATION INCLUDING INVOICES RECEIVED BY THE ORGANIZATION. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 GREGORY G DELL'OMO PRESIDENT 499779 0 0 0 14906 0 26175 0 64656 0 605516 0 0 0 KEVIN A BAGGETT BASKETBALL COACH 339050 0 0 0 1680 0 17247 0 18577 0 376554 0 0 0 DONNAJEAN A FREDEEN PROVOST/VP ACADEMIC AFFAIRS 237871 0 0 0 0 0 12347 0 52379 0 302597 0 0 0 JAMES P HARTMAN VP FINANCE & TREASURER 237049 0 0 0 10713 0 12249 0 17432 0 277443 0 0 0 MARK A SOLOMON VP LEGAL AFFAIRS & GENERAL 214530 0 0 0 0 0 11015 0 26830 0 252375 0 0 0 KARIN KLIM VP UNIVERSITY ADVANCEMENT 198046 0 0 0 7200 0 10379 0 34205 0 249830 0 0 0 EUGENE KUTCHER DEAN OF NORM BRODKSY COLLEGE OF BUS. 210797 0 0 0 0 0 10042 0 11800 0 232639 0 0 0 CYNTHIA NEWMAN PROFESSOR MARKETING 206177 0 0 0 0 0 7554 0 16759 0 230490 0 0 0 GARY M BROSVIC PROFESSOR PSYCHOLOGY 206909 0 0 0 0 0 5964 0 17210 0 230083 0 0 0 MICHAEL F RECA VP FACILITIES & UNIVERSITY 203003 0 0 0 700 0 10083 0 2165 0 215951 0 0 0 DREW C AROMANDO VP ENROLLMENT MANAGEMENT 195940 0 0 0 7900 0 9764 0 2114 0 215718 0 0 0 PETER E BIHUNIAK AVP FINANCE & CONTROLLER - LEFT MAY 162268 0 0 0 700 0 8347 0 1814 0 173129 0 0 0 DEBORA Z STASOLLA SECRETARY VP STRATEGIC INITIATIVES & PLANNING 146083 0 0 0 0 0 7876 0 18616 0 172575 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: THE NONTAXABLE BENEFITS AMOUNT OF $29,940 OF PRESIDENT GREGORY G. DELL'OMO INCLUDES THE MARKET VALUE OF THE UNIVERSITY RESIDENCE PROVIDED TO THE PRESIDENT. THE MARKET VALUE OF THE UNIVERSITY RESIDENCE IS APPROXIMATELY 46% OF NONTAXABLE BENEFITS. THE PRESIDENT OF THE UNIVERSITY IS REQUIRED TO ACCEPT LODGING AND LIVE ADJACENT TO THE LAWRENCEVILLE CAMPUS AS A CONDITION OF HIS EMPLOYMENT. SOCIAL CLUB DUES: RIDER UNIVERSITY HAS PAID $16,637 IN SOCIAL CLUB MEMBERSHIP DUES FOR UNIVERSITY BUSINESS PURPOSES ON BEHALF OF PRESIDENT GREGORY G. DELL'OMO, AND $6,209 ON BEHALF OF VP UNIVERSITY ADVANCEMENT, KARIN KLIM. THESE AMOUNTS ARE NONTAXABLE TO THE RECIPIENTS. PART I, LINE 4B GREGORY DELL'OMO - $89,809 SCHEDULE J, PART I: THE UNIVERSITY'S CABINET TOOK PAY REDUCTIONS FOR THE LAST SEVEN MONTHS OF CALENDAR YEAR 2020 IN ORDER FOR THE UNIVERSITY TO REDUCE ITS EXPENSES DURING THE HEIGHT OF THE COVID-19 PANDEMIC. THOSE REDUCTIONS CONTINUED INTO CALENDAR YEAR 2021 THROUGH JUNE 30. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-07-26 20805115 CURRENT REFUND PRIOR PERIOD POOLED FINANCINGS 0 0 1 B NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 646066F54 2016-12-20 30676062 TO RENOVATE SPACE WITHIN THE SCIENCE AND TECHNOLOGY BUILDING 0 0 1 C NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 646066Z94 2017-11-30 44228160 CAPITAL IMPROVEMENTS TO UNIVERSITY'S FACILITIES 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 74442PRH0 2021-05-28 32920000 CURRENT REFUND 2012 SERIES A BOND 0 0 0 A 530777 2181777 2181777 1 0 1 1 B 59893 1010663 2561 8102 1000000 2017 0 0 0 1 C 45911677 4881589 564023 38195627 43263 2227175 0 0 0 1 D 32920000 5047259 27872741 1 0 0 1 A 0 1 1 1 0 0.59600 0.00000 0.59600 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 1 0 0 0.00400 0.00000 0.00400 0 0 0 D 0 1 1 1 0 0.01200 0.00100 0.01300 0 0 0 A 0 1 1 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 1 1 D 0 1 1 0 0 0 0 0 1 A 0 B 0 C 0 D 0 BOND A, PART I(F): BONDS CURRENT REFUNDED: HECIF SERIES 2006A (ISSUED 10/26/2006) AND HECIF SERIES 2005A (ISSUED 08/10/2005). BOND A, PART II REFLECTS ONLY THE AMOUNTS RECEIVED BY RIDER UNIVERSITY WITH RESPECT TO ITS PORTION OF THE POOLED BONDS. BOND A, PART II, LINE 13: SINCE PROCEEDS OF THE BONDS WERE ISSUED FOR REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. BOND A, PART III, LINES 4 & 5: REFLECTS ONLY THE PRIVATE USE PERCENTAGE APPLICABLE TO THE PORTION OF THE BONDS AND THE HECIF SERIES 2004A BONDS (WHICH WERE REFUNDED BY THE HECIF 2006A BONDS) ALLOCABLE TO THE BORROWER ISSUED AFTER JANUARY 1, 2003. ALL OTHER BONDS ISSUED PRIOR JANUARY 1, 2003, HAVE BEEN EXCLUDED FROM PART III ON THIS SCHEDULE. BOND A, PART III, LINE 7: ALTHOUGH THE PRIVATE USE PERCENTAGE WITH RESPECT TO THE BORROWER'S PORTION OF THE BONDS THAT REFUND BONDS ISSUED AFTER DECEMBER 31, 2002 EXCEEDS 5%, THE BORROWER'S PORTION OF THE BONDS THAT REFUND BONDS ISSUED AFTER DECEMBER 31, 2002 REPRESENTS LESS THAN 5% OF THE BONDS. ACCORDINGLY, ANY PRIVATE PAYMENTS WITH RESPECT TO SUCH PORTION WOULD NOT EXCEED 5% OF THE BONDS. BOND A, PART III, LINE 9 AND PART V: THE BORROWER DID NOT HAVE WRITTEN PROCEDURES SPECIFICALLY ADDRESSING REMEDIAL ACTION AND VCAP DURING THE TAXABLE YEAR ADDRESSED BY THIS SCHEDULE K, BUT EXPECTS TO ADOPT SUCH PROCEDURES PRIOR TO THE END OF THE NEXT TAXABLE YEAR. BOND A, PART IV, LINES 2(B) & 2(C): BONDS HAVE MET THE 6 MONTH EXCEPTION TO REBATE AND, THEREFORE, NO PAYMENTS TO THE IRS WILL EVER BECOME DUE ON THE BONDS. BOND B, PART II REFLECTS ONLY THE AMOUNT RECEIVED BY RIDER UNIVERSITY WITH RESPECT TO ITS PORTION OF THE POOLED BONDS. BOND B, PART II, LINE 1: AMOUNT SHOWN REPRESENTS THE BONDS RETIRED THAT ARE ALLOCABLE TO THE BORROWER'S PORTION OF DEBT SERVICE RESPONSIBILITY. BOND B, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. BOND B, PART III, LINE 9 AND PART V: THE BORROWER DID NOT HAVE WRITTEN PROCEDURES SPECIFICALLY ADDRESSING REMEDIAL ACTION AND VCAP DURING THE TAXABLE YEAR ADDRESSED BY THIS SCHEDULE K, BUT EXPECTS TO ADOPT SUCH PROCEDURES PRIOR TO THE END OF THE NEXT TAXABLE YEAR. BOND C, PART II, LINE 3: AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I(E) DUE TO INVESTMENT EARNINGS ACCRUED. BOND C, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. BOND C, PART III, LINE 9 AND PART V: THE BORROWER DID NOT HAVE WRITTEN PROCEDURES SPECIFICALLY ADDRESSING REMEDIAL ACTION AND VCAP DURING THE TAXABLE YEAR ADDRESSED BY THIS SCHEDULE K, BUT EXPECTS TO ADOPT SUCH PROCEDURES PRIOR TO THE END OF THE NEXT TAXABLE YEAR. BOND D, PART I(F): BONDS CURRENT REFUNDED: 2012 SERIES A BONDS (ISSUED 04/04/2012). BOND D, PART II, LINE 13: SINCE PROCEEDS OF THE BONDS WERE ISSUED FOR REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. BOND D, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. BOND D, PART III, LINE 9 AND PART V: THE BORROWER DID NOT HAVE WRITTEN PROCEDURES SPECIFICALLY ADDRESSING REMEDIAL ACTION AND VCAP DURING THE TAXABLE YEAR ADDRESSED BY THIS SCHEDULE K, BUT EXPECTS TO ADOPT SUCH PROCEDURES PRIOR TO THE END OF THE NEXT TAXABLE YEAR. BOND D, PART IV, LINES 2(B): THE REFUNDING PORTION OF THE BONDS HAS MET THE 6 MONTH EXCEPTION TO REBATE. 24000 MERIT SCHOLARSHIP MERIT SCHOLARSHIP SCH L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: STUDENTS OF TRUSTEES AND OFFICERS RECEIVING FINANCIAL AID FOLLOW THE SAME NEED-BASED ASSESSMENT AS OTHER STUDENTS RECEIVING SCHOLARSHIP AS DESCRIBED ON SCHEUDLE I, PART IV. X 9 162531 MEAN PRICE-GIFT DATE 0 0 1 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN THE APPLICABLE CATEGORY. FORM 990, PART III, LINE 1 RIDER'S MISSION RIDER UNIVERSITY WELCOMES STUDENTS FROM THROUGHOUT THE REGION, ACROSS THE NATION, AND AROUND THE WORLD WHO SEEK TO BE CHALLENGED AND SUPPORTED AS ACTIVE MEMBERS OF OUR INCLUSIVE AND VIBRANT LIVING AND LEARNING COMMUNITY. COMMITTED TO STUDENT GROWTH, TRANSFORMATION AND LEADERSHIP, WE CONNECT RIGOROUS ACADEMIC, ARTISTIC AND PROFESSIONAL PROGRAMS OF STUDY WITH A RICH ARRAY OF LEARNING EXPERIENCES THAT ENGAGE STUDENTS INSIDE AND OUTSIDE THE CLASSROOM. WE PREPARE GRADUATES TO THRIVE PROFESSIONALLY AND TO BE LIFELONG INDEPENDENT LEARNERS AND RESPONSIBLE CITIZENS WHO EMBRACE DIVERSITY, SUPPORT THE COMMON GOOD AND CONTRIBUTE MEANINGFULLY TO THE CHANGING WORLD IN WHICH THEY LIVE AND WORK. RIDER'S VISION RIDER UNIVERSITY WILL BE A PREMIER, FORWARD-LOOKING UNIVERSITY KNOWN FOR ITS ENGAGED LEARNING PROGRAM THAT, TOGETHER WITH DYNAMIC ACADEMIC PROGRAMS, ENRICHING CO-CURRICULAR EXPERIENCES AND A VIBRANT LIVING AND LEARNING COMMUNITY, CHALLENGES STUDENTS, EXCITES THEIR IMAGINATIONS AND INSTILLS IN THEM EXCELLENCE IN THOUGHT AND ACTION, PREPARING THEM FOR HIGHLY ENGAGED AND FULFILLING PROFESSIONAL AND PERSONAL LIVES. RIDER'S PROMISE OUR STUDENTS, ALUMNI, FACULTY, STAFF AND ADMINISTRATORS LIVE THE RIDER PROMISE BY BEING FOREVER: - PREPARED TO CONTRIBUTE MEANINGFULLY TO THE CHANGING WORLD IN WHICH THEY LIVE AND WORK - RESPECTFUL OF ALL PEOPLE, RIGHTS, FREEDOMS, AND INDIVIDUAL DIFFERENCES - OPEN TO A LIFE OF INDEPENDENT LEARNING - MOTIVATED TO BE RESPONSIBLE CITIZENS WHO SUPPORT THE COMMON GOOD - INNOVATIVE, CREATIVE AND RESOURCEFUL - SKILLED AND THRIVING PROFESSIONALS, EDUCATORS, ARTISTS AND PERFORMERS - ENGAGED IN THEIR COMMUNITIES AS LEADERS AND ROLE MODELS THE RIDER PROMISE IS OFFERED AS A REPRESENTATION OF THE MISSION. IT IS INSPIRED BY OUR RECENT 150TH ANNIVERSARY WHICH EMBRACED THE TAGLINE, FULFILLING THE PROMISE. THIS TAGLINE WAS, IN TURN, INSPIRED BY ANDREW J. RIDER HIMSELF AS DISCUSSED IN THE HISTORICAL BOOKS WRITTEN BY DR. WALTER A. BROWER '48, FORMER DEAN OF THE SCHOOL OF EDUCATION. ANDREW J. RIDER DECLARED IN 1883 THAT RIDER'S FUTURE WAS FULL OF PROMISE. FORM 990, PART III, LINE 4, PROGRAM SERVICE ACCOMPLISHMENTS: FISCAL YEAR 2021 SAW THE UNIVERSITY CONTINUE TO OPERATE IN THE MIDST OF A GLOBAL PANDEMIC. CLASSES WERE TAUGHT IN EITHER AN ON-CAMPUS, ONLINE OR HYBRID MODE, AND RESIDENCE HALLS WERE OCCUPIED AT APPROXIMATELY 40% OF CAPACITY. WHILE THE UNIVERSITY RECEIVED SOME RELIEF FUNDS FROM THE FEDERAL AND STATE GOVERNMENTS, THOSE FUNDS DID NOT COMPLETELY OFFSET THE ENROLLMENT, ROOM AND BOARD REVENUE LOSSES DRIVEN MAINLY BY THE CHALLENGES OF OPERATING DURING THE PANDEMIC. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE PRIVATE UNIVERSITY CURRENTLY SERVES APPROXIMATELY 3,600 UNDERGRADUATE STUDENTS AND 1,000 GRADUATE STUDENTS IN OVER 100 UNDERGRADUATE MAJORS AND MINORS AND OVER 50 GRADUATE DEGREES AND CERTIFICATE PROGRAMS. THERE ARE OVER 200 FULL-TIME FACULTY, WITH 94% HOLDING A DOCTORATE OR THE HIGHEST DEGREE IN THEIR FIELD. RIDER IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND ALSO HOLDS SPECIALIZED ACCREDITATION WITH THESE PRESTIGIOUS EDUCATIONAL ORGANIZATIONS: - AACSB INTERNATIONAL (ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS) - RIDER IS AMONG THE SELECT BUSINESS SCHOOLS TO HAVE ATTAINED THIS DISTINCTION AND THE ONLY SCHOOL IN NEW JERSEY TO HOLD THE SPECIALIZED AACSB ACCREDITATION IN ACCOUNTING. - NCATE AND CAEP - ELEMENTARY AND SECONDARY EDUCATION PROGRAMS AND THEIR APPLICABLE GRADUATE PROGRAMS ON BOTH CAMPUSES ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION AND THE COUNCIL FOR THE ACCREDITATION OF EDUCATOR PREPARATION. - NASM - THE UNDERGRADUATE AND GRADUATE MUSIC PROGRAMS OF WESTMINSTER CHOIR COLLEGE ARE ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. - CACREP - RIDER'S GRADUATE COUNSELING SERVICES PROGRAM IN THE SCHOOL OF EDUCATION HOLDS NATIONAL ACCREDITATION FROM THE COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS. - NASP - THE SCHOOL PSYCHOLOGY PROGRAM IN THE SCHOOL OF EDUCATION IS ACCREDITED BY THE NATIONAL ACCREDITATION OF SCHOOL PSYCHOLOGISTS. - AMERICAN CHEMICAL SOCIETY - RIDER'S CHEMISTRY PROGRAM IS ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE BOARD, THE CHAIRS OF ALL STANDING COMMITTEES, THE IMMEDIATE PAST BOARD CHAIR IF STILL A MEMBER OF THE BOARD, AND UP TO TWO (2) AT-LARGE MEMBERS APPOINTED BY THE BOARD CHAIR FOLLOWING CONSIDERATION OF THE RECOMMENDATIONS OF THE GOVERNANCE COMMITTEE AS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. ALL MEMBERS SHALL BE VOTING MEMBERS, EXCEPT FOR THE PRESIDENT, WHO SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD MEETINGS ON ALL MATTERS EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD: (I) PRESIDENTIAL SELECTION AND TERMINATION, (II) BOARD MEMBER AND BOARD OFFICER ELECTION OR REMOVAL, (III) CHANGES IN THE MISSION AND PURPOSES OF THE UNIVERSITY, (IV) AMENDMENTS TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS, (V) INCURRENCE OF CORPORATE INDEBTEDNESS, (VI) SALE OR OTHER DISPOSITION OF REAL ESTATE AND OTHER TANGIBLE PROPERTY, (VII) ADOPTION OF THE ANNUAL BUDGET, (VIII) CONFERRAL OF DEGREES, AND (IX) AMENDMENTS TO OR REPEAL OF ANY RESOLUTION PREVIOUSLY ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 HAS BEEN PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM WITH THE ASSISTANCE OF MANAGEMENT. THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES PERFORMED A REVIEW OF THE FORM 990 AND ALL APPLICABLE SCHEDULES PRIOR TO SUBMISSION AS PART OF AN AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE MEETING. IN ADDITION, THE FORM 990 AND APPLICABLE SCHEDULES WERE POSTED ON THE UNIVERSITY'S INTRANET FOR THE ENTIRE BOARD OF TRUSTEES TO REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY, AND AN ANNUAL COMPLIANCE REVIEW PROCESS WHICH INCLUDES: - SOLICIT FEEDBACK FROM DIVISION HEADS ON PROPOSED STAFF IN THEIR UNITS WHO SHOULD PARTICIPATE IN THE ANNUAL REPORTING AND REVIEW PROCESS. ANY INDIVIDUAL WHO IS CONSIDERED TO HAVE SIGNIFICANT RESPONSIBILITY FOR INSTITUTIONAL OPERATIONS OR PURCHASING IS INCLUDED. THE POLICY REQUIRES THAT PERSONS INVOLVED IN DECISION MAKING DISCLOSE FINANCIAL OR OTHER INTERESTS - EITHER CURRENT OR PROPOSED - THAT IMPAIR OR MAY APPEAR TO IMPAIR THEIR INDEPENDENT, UNBIASED JUDGMENT. - DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE FOR DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST TO ALL INDIVIDUALS SO IDENTIFIED. IN 2021, 136 INDIVIDUALS (OFFICERS, TRUSTEES, COACHES, AND ADMINISTRATORS) RECEIVED AND COMPLETED THE CONFLICT QUESTIONNAIRE. - REVIEW OF ALL CONFLICT QUESTIONNAIRE RESPONSES BY THE UNIVERSITY BOARD OF TRUSTEES' HUMAN RESOURCES COMMITTEE, WHICH SERVES AS THE CONFLICT COMMITTEE UNDER THE UNIVERSITY'S BYLAWS. THE HUMAN RESOURCES COMMITTEE REPORTS ITS FINDINGS TO THE BOARD OF TRUSTEES, WHICH IS RESPONSIBLE FOR ACTING ON THE COMMITTEE'S FINDINGS - IN PARTICULAR ON ANY CONFLICT THAT MIGHT BE IDENTIFIED. BY POLICY, ANY PROPOSED BUSINESS RELATIONSHIP BETWEEN A TRUSTEE OR THEIR RELATED ENTITY MUST BE EVALUATED AND ACTED ON PRIOR TO ITS POTENTIAL IMPLEMENTATION. NO SUCH RELATIONSHIP CURRENTLY EXISTS. - ANY BOARD MEMBER WITH A CONFLICT WILL RECUSE HIMSELF/HERSELF FROM ANY VOTES REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE SENIOR COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES AN INDEPENDENT CONSULTING FIRM TO UNDERTAKE A REASONABLENESS REVIEW OF TOP MANAGEMENT COMPENSATION. TOP MANAGEMENT INCLUDES THE INSTITUTION'S PRESIDENT AND VICE PRESIDENTS. THE REASONABLENESS REVIEW INCLUDES CONSIDERATION OF COMPARABILITY DATA PREPARED BY THE CONSULTANTS WHICH IS PROVIDED TO ALL COMMITTEE MEMBERS AND TO ALL MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE BENCHMARK DATA CONSIDERED INCLUDES BOTH SALARY AND TOTAL COMPENSATION INFORMATION. CONTEMPORANEOUS MINUTES ARE MAINTAINED FOR BOTH THE SENIOR COMPENSATION COMMITTEE OF THE BOARD AND FOR THE FULL BOARD OF TRUSTEES MEETINGS. THIS PROCESS WAS LAST UNDERTAKEN IN 2021. THE UNIVERSITY CONSISTENTLY UTILIZES HIGHER EDUCATION BENCHMARKING DATA TO ASSESS THE REASONABLENESS OF KEY EMPLOYEES' COMPENSATION. FACULTY COMPENSATION IS GOVERNED BY A COLLECTIVE BARGAINING AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 1A: THE UNIVERSITY'S CABINET TOOK PAY REDUCTIONS FOR THE LAST SEVEN MONTHS OF CALENDAR YEAR 2020 IN ORDER FOR THE UNIVERSITY TO REDUCE ITS EXPENSES DURING THE HEIGHT OF THE COVID-19 PANDEMIC. THOSE REDUCTIONS CONTINUED INTO CALENDAR YEAR 2021 THROUGH JUNE 30. FORM 990, PART XI, LINE 9: GAIN ON DEFEASANCE OF DEBT 1,501,960. CHANGE IN VALUE OF PERPETUAL TRUST 1,195,463. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 129,773. WRITE-OFF OF CONTRIBUTION RECEIVABLE -24,415. COVID 19 EXPENSES -56,863. CHANGE IN VALUE OF PENSION -392,251. RIDER HOLDINGS LLC 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 843173823 OWN, MANAGE AND DISPOSE OF REAL ESTATE NJ 0 0 RIDER UNIVERSITY