2022-05-12T09:12:37-05:00 2021-06-30 135565207 KPMG LLP 500 W 5th Street Suite 800 WinstonSalem NC 27101 990 2020-07-01 591083502 Nova Southeastern University Inc NOVA 9542625258 3301 College Avenue Fort Lauderdale FL 33314 George L Hanbury IIPhD President and CEO 9542627500 2022-05-11 1 George Hanbury IIPhD 999009999 Whitney B Hebron P01226647 3362753394 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Nova Southeastern University George L Hanbury IIPhD 3301 College Avenue Fort Lauderdale FL 33314 1178674876 0 X www.nova.edu X 1964 FL Nova Southeastern University's primary activity is to provide educational services. See Part III. 26 24 8261 1529 5516316 0 58628987 81396561 701216401 733945800 13347815 15742974 4649591 5702356 777842794 836787691 109492447 124186172 0 0 370269411 362994512 145251 70140 2810531 273739717 260060066 753646826 747310890 24195968 89476801 1601599606 1812347063 676704319 762754618 924895287 1049592445 X The mission of NSU-a selective, doctoral research university-is to deliver innovative academic programs in a dynamic, lifelong learning and research environment fostering integrity, academic excellence, (continued on Schedule O)leadership, and community service through engaged students, faculty, and staff. 0 0 350325572 111372160 648684848 Instructional Services: Nova Southeastern University (NSU) offers undergraduate degrees, graduate and first professional degrees, and certificate programs to more than 20,000 full-time and part-time students in a wide range of fields, including the humanities, biological and environmental sciences, business, counseling, computer and information sciences, conflict resolution, education, family therapy, medicine, dentistry, various other health professions, law, marine science, performing and visual arts, psychology, and other social sciences. Courses are taught at 4 South Florida campuses; 8 regional campus locations, including Puerto Rico; and at sites in 10 states, as well as foreign countries. (continued on Schedule O)NSU has 15 colleges and schools: Abraham S. Fischler College of Education and School of Criminal Justice; College of Dental Medicine; College of Computing and Engineering; College of Optometry; College of Pharmacy; College of Psychology; Dr. Kiran C. Patel College of Allopathic Medicine; Dr. Kiran C. Patel College of Osteopathic Medicine; Dr. Pallavi Patel College of Health Care Sciences; Farquhar Honors College; H. Wayne Huizenga College of Business and Entrepreneurship; Halmos College of Arts and Sciences and the Guy Harvey Oceanographic Research Center; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; and the NSU University School.In fiscal 2021, NSU embarked on the next phase of its strategic business plan, with an enhanced vision- Vision 2025-and related goals, guiding a path toward preeminence. NSU also celebrated the many successes achieved under the first phase of the plan, which spanned calendar years 2010 to 2020, with the vast majority of 2020 targets met or exceeded or significant progress made. Highlights included increasing undergraduate, first-time-in-college retention rates by more than 10 percentage points and graduation rates by more than 25 percentage points, exceeding cumulative giving and endowment market value targets ahead of schedule, and increasing academic quality measures, such as the number of accredited degree programs. Amid an unprecedented global pandemic, NSU remained steadfast in its commitment to advancing strategic priorities, all while ensuring meticulous attention to the health and safety of the NSU community. In fall 2020, NSU once again welcomed its largest undergraduate class, with 1,689 first-time-in-college freshmen, up 11 percent from its prior record in fall 2019 of 1,526. For the fourth year in a row, NSU's overall undergraduate enrollment increased, compared to the previous fall, up 11 percent in fall 2020 and a combined 47 percent increase since fall 2016.The distinctive Dual Admissions Program, offering prospective undergraduate students a reserved spot in selective graduate/professional programs, continues to attract academically highly qualified undergraduate students, with the greatest retention and graduation rates. In fall 2020, NSU had its largest incoming dual admission class since inception (372 students), resulting in total active dual-admission students of 888, up 17 percent over fall 2019 and more than doubling over the last five years. During Fiscal 2021, NSU climbed 19 spots in the U.S. News & World Report 2021 college rankings, to 227, in the National, Universities list NSU also ranked 113 in the Top Performers on Social Mobility up from 165 previously. 87822031 38193 8852636 Academic Support: Programs include the NSU library system, computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. The university library system is composed of the Alvin Sherman Library, Research, and Information Technology Center; the Health Professions Division Library; the Law Center Library; the Oceanography Library; and the NSU University School Media Center. The 325,000-square-foot Alvin Sherman Library, Research, and Information Technology Center is a joint-use facility with the Broward County Board of County Commissioners. The facility contains electronic classrooms, group-study rooms, a large collaborative study room, a cafe, and (continued on Schedule O)service desks with staff trained and ready to serve library users.In early fiscal 2021, NSU announced the new Alan B. Levan/NSU Broward Center of Innovation (the Levan Center of Innovation), scheduled to open fall 2021, showcasing NSU's core value of innovation with a focus on technology and entrepreneurship. A continuation of a long-standing public-private partnership with NSU and Broward County, the state-of-the-art, 54,000-squarefoot center will occupy the top floor of the Alvin Sherman Library, Research, and Information Technology Center and is one of the largest of its kind in the nation. The Levan Center of Innovation will create opportunities for students in more than 150 academic degree programs with a focus on innovation, technology and entrepreneurship to create an economic development engine in the community. In addition to designing and constructing the high-tech Levan Center of Innovation, during fiscal 2021, NSU completed classroom technology upgrades supporting hybrid learning throughout all campuses. 56441176 626017 40277717 Auxiliary Enterprises: In addition to clinical facilities on the Fort Lauderdale/Davie Campus, the university provides clinical services to the surrounding community through owned and leased off-campus facilities. The Health Professions Division has outpatient facilities that provide medical, dental, optometry, pharmacy, occupational therapy, and physical therapy services, as well as audiology and hearing and balance services. It also operates The Speech-Language Pathology Clinic, which provides testing and rehabilitation services to schools and individuals. The College of Psychology provides mental health services through the Psychology Services Center, while the Halmos College of Arts and Sciences provides family therapy services through the Brief Therapy Institute.(continued on Schedule O)NSU has numerous residence halls on the main campus that serve its students. The residence halls are living/learning centers that provide an environment conducive to student success.The Don Taft University Center is a more than 325,000-square-foot facility featuring three NCAA competition courts, group fitness and instruction rooms, cardio and weight training areas, squash courts, a rock climbing wall, and the Flight Deck Pub. The Performing and Visual Arts Wing of the Don Taft University Center includes state-of-the-art classrooms and facilities that support the art, dance, music, and theatre majors of the majors of the Department of Communication, Media, and the Arts (DCMA) at the Halmos College of Arts and Sciences. 140685748 12149802 36193805 Nova Southeastern University goes beyond its primary mission by reaching out to the community with diverse service programs and community-based research. NSU is 1 of only 360 colleges and universities nationally selected for the Carnegie Foundation's Community Engagement Classification, and 1 of only 59 colleges and universities to hold both community engaged and high research activity designations. NSU delivers tangible benefits, including junior kindergarten through doctoral education, physical infrastructure, a professional workforce, employment opportunities, delivery of health care and law services in Broward and Miami-Dade counties, lifelong learning options, community-service initiatives, and public access to cultural and scholarly experiences. NSU continues to grow its academic and scientific research activities. More than 200 research projects are currently under way at NSU, including studies on cardiovascular disease, anti-cancer therapies, chronic fatigue syndrome, autism, coral reef restoration, stem cells, and wildlife DNA forensics, among other subjects. The Center for Collaborative Research (CCR) consists of 215,000 square feet of research and collaborative spaces. This project is registered with the U.S. Green Building Council (USGBC) and is the first NSU facility to achieve a LEED certification level of Gold. The facility houses core facilities including Genomics, Flow Cytometry, Cell Therapy and Imaging. The CCR is expected to bring multiple disciplines together, with students and NSU faculty members partnering with professionals and organizations outside of the NSU community-furthering cutting-edge research and developing technologies that will benefit the global community. With respect to research initiatives, NSU continued steady progress in fiscal 2021, with numerous multiyear awards addressing topics of national significance. For instance, Dr. Kiran C. Patel College of Osteopathic Medicine's Institute for Neuro-Immune Medicine was awarded a $4.4 million federal contract by the Centers for Disease Control and Prevention to study the post-viral phase of the COVID-19 virus. The College of Dental Medicine received a $1.8 million award from the National Institutes of Health to study a vaccine strategy related to preventing the transmission of HIV/AIDS and other pathogens and a $1.4 million award related to new models of oral health care designed to improve services to vulnerable populations and underserved areas. The Halmos College of Arts and Sciences received a $1.3 million award to identify and study the dynamic processes that govern motion of water and to understand the variability of the resulting internal wave fields. The College of Computing and Engineering received a $1.2 million award to increase capacity to be responsive to the needs of degree-seeking native and transfer students, especially those who are Hispanic and low-income, leading to increased enrollment, persistence, graduation, and transfer rates. 140685748 12149802 36193805 635274527 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 27019 0 1 8261 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 1 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN MA MI NY SC X Alyson Silva VP of Finance & CFO 9542625258 3301 College Avenue Fort Lauderdale FL 33314 George L Hanbury II PhD President/Chief Executive Officer 37.50 0.10 X X 1265986 0 52573 Anthony N Ottaviani Trustee 1.50 0.10 X 25962 0 0 Ronald G Assaf Trustee 2.00 0.10 X 0 0 0 Walter L Banks Sr Trustee 2.00 X 0 0 0 Mitchell W Berger Trustee 2.00 X 0 0 0 Rick Case Trustee (until Sep 2020) 2.00 X 0 0 0 Rita Case Trustee (began Oct 2020) 2.00 X 0 0 0 R Douglas Donn Trustee 2.00 X 0 0 0 James Donnelly Trustee 1.50 X 0 0 0 Arthur J Falcone Trustee 2.00 X 0 0 0 Steven J Halmos Trustee 2.00 X 0 0 0 Carol Harrison Kalagher Trustee 2.00 X 0 0 0 Susanne Hurowitz Trustee 1.50 X 0 0 0 Milton L Jones Jr Trustee 2.00 X 0 0 0 Barbara Trebbi Landry Trustee 2.00 X 0 0 0 Alan B Levan Trustee 8.00 X 0 0 0 Nell McMillan Lewis Trustee 2.00 X 0 0 0 Albert J Miniaci Trustee 1.50 X 0 0 0 Samuel F Morrison Secretary 1.50 X X 0 0 0 Charles L Palmer Chair 3.00 0.10 X 0 0 0 Kiran C Patel Trustee 1.50 X 0 0 0 George Platt Trustee 1.50 X 0 0 0 Martin R Press Trustee 2.00 X 0 0 0 Paul M Sallarulo Trustee 1.50 X 0 0 0 Barry J Silverman Vice Chair 2.00 0.10 X 0 0 0 J Kenneth Tate Trustee 2.00 0.10 X 0 0 0 Zachariah P Zachariah Trustee 2.00 X 0 0 0 Michael Zager Trustee 2.00 X 0 0 0 Harry K Moon Exec VP & COO 37.50 X 488462 0 51612 Alyson Silva VP Finance & CFO 37.50 X 339782 0 52128 Elaine M Wallace Dean - Coll. of Osteopathic Med 37.50 X 557335 0 20917 Frederick Lippman Chancellor HPD 37.50 1.20 X 548933 0 30467 Ronald Chenail Provost/Exec VP Acad Affairs 37.50 X 386274 0 51419 Stanley Wilson Asst. Dean / Professor 37.50 X 258033 0 46969 Johannes G Vieweg Dean - Coll. Of Allopathic Med 37.50 X 630818 0 52243 Ray Ferrero University Chancellor 37.50 X 435336 0 51852 Steven Kaltman Dean - Coll of Dental Medicine 37.50 X 362873 0 47082 Andrew Rosman Dean - Coll. Of Business & Entrep. 37.50 X 369494 0 10270 Tom West Chief Information Officer 37.50 X 412946 0 50417 Irving Rosenbaum Former Key Employee 37.50 X 286961 0 37549 Ralph Rogers Professor 37.50 X 230034 0 33749 6599229 0 589247 786 1 1 0 ABM Industries Inc 14141 S W Freeway Suite 400 Sugar Land TX 77478 Janitorial 10265856 Panza Maurer & Maynard PA 2400 E Commercial Blvd Ft Lauderdale FL 33308 Legal 6137235 Chartwells PO BOX 50196 Los Angeles CA 90074 Food Services 4637881 Hill York Corporation 2125 S Andrews Avenue Ft Lauderdale FL 33316 Elevator Maintenance 3315159 KL Media Partners 1820 N Corporate Lakes Blvd 104 Weston FL 33326 Advertising 3197219 104 92542 690406 42726618 37886995 4666523 81396561 Tuition and Fees 611710 680945385 680945385 Auxiliary Operation 611710 40435304 17719299 22716005 12565111 12565111 733945800 12037661 43361 11994300 410973 312366 98607 98607 98607 344484758 18037 340791273 6209 3693485 11828 3705313 3705313 153037 92542 85449 67588 67588 1351303 691888 659415 26671 632744 Grande Oaks LLC 713910 4876746 36535 4840211 4876746 836787691 711293001 5516316 38581813 4244909 4244909 119939763 119939763 1500 1500 4192676 1249285 2530605 412786 286248163 250774154 34481208 992801 20380094 17789003 2508351 82740 31375086 27268524 3959899 146663 20798493 18059363 2639863 99267 6987923 147294 6840629 714140 31000 683140 1340846 1340846 70140 70140 814227 814227 26786964 23004756 3692765 89443 8605532 2514602 6085765 5165 24469159 19067936 5102442 298781 15595034 13526270 2016528 52236 59894316 49837248 10004394 52674 1541330 1176765 361972 2593 445922 387135 57918 869 17565034 17217943 347091 58211206 40703513 17226440 281253 13799083 9637669 4161414 Small Equipment 7032561 6747188 232696 52677 Bad Debt Expense 4381076 3737429 643647 0 Dues and Subscriptions 1972523 841149 1096925 34449 Special Promotions 1779538 1361143 289253 129142 8123652 6008986 2107814 6852 747310890 635274527 109225832 2810531 37670635 63048827 32376816 21139762 54202182 61425433 26050872 25151471 6284692 5443620 957778 880324 9944674 10919455 1496423731 580091384 939539181 916332347 427942762 545860409 31708178 48965981 34921836 113179434 1601599606 1812347063 46470695 62742926 79814405 80055877 491081479 476510966 59337740 143444849 676704319 762754618 X 760680292 842191570 164214995 207400875 924895287 1049592445 1601599606 1812347063 89476801 35220357 0 X 0 1 X 1 1 1 X 43366741 106572069 49646919 58628987 81396561 339611277 43366741 106572069 49646919 58628987 81396561 339611277 53359062 286252215 8504133 18854456 9574190 11571744 12448634 60953157 400564434 3349583212 0.71460 0.70430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 16500 1 1324346 0 0 1340846 0 Part II-B, Line 1: Line 1f: During the reporting period, a portion of the university's payment to a 501 (c) membership organization was allocated to support its lobbyist who works to secure state funding. Line 1g: These expenses are for services of professional consultants hired by the university to engage in direct lobbying. These consultants work on Nova Southeastern University's behalf meeting or calling on government officials or legislators requesting support for specific projects and programs regarding higher education, research funding and other legislation which could impact the university. X X X X 0 174150809 12450466 44868798 2405895 2071597 226992581 170727010 5165324 2173352 3239410 675467 174150809 161144576 8309461 5232608 3115159 844476 170727010 117805966 38638012 8588837 2417791 1470448 161144576 104544405 4758886 12763778 1934811 2326292 117805966 0.29000 0.54000 0.17000 0 0 92114 72615464 72707578 961589751 265458549 696131202 34707633 34586474 121159 207679284 144391178 63288106 219739485 135655183 84084302 916332347 Bond Reserves with trustees 1369538 Operating Lease Right-of-Use Assets 83457076 Other Assets 28352820 113179434 Other Current Liabilities 6645553 Accrued Insurance 16906251 Grande Oaks Other LT Liabilities 3518352 Current Student Deposit 6521124 Long Term Refundable Perkins 3360745 Other Long Term Liabilities 9874595 LT Refundable DHHS Liability 3377666 Lease Liability 93240563 143444849 X Part III, Line 1a: The NSU Art Museum Fort Lauderdale acquires art for its collection through purchase or gift. As permitted by SFAS 116 (ASC 958), accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection. Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities within other revenues and expenses, respectively. Part III, Line 4: Nova Southeastern University operates the NSU Art Museum Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. Part V, line 1g Col (a): The amounts listed in Part V, Line 1g, include endowment-related pledges receivable. As of June 30, 2021 endowment-related pledges receivable totaled $37.8 million. Part V, Line 4: The University's endowment consists of approximately 373 individual endowments (which includes both donor restricted endowment funds and funds designated by the board of trustees) which have been set aside and invested primarily for scholarships. Part X, Line 2: Accounting for Uncertainty in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2021 and 2020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 See Part II Line 3 - Explanation of Nondiscrimination Policy: Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX, and the Florida Civil Rights Act), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, to all the rights, privileges, programs, and activities generally accorded or made available to students at NSU and does not discriminate in the administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school-administered programs. Line 6 - Explanation of Government Financial Aid: Students receive financial aid from the federal government. State aid is provided through grants. 1 Central America/Caribbean Investments 27411986 0 0 0 0 0 0 27411986 0 27411986 1 0 1 0 0 1 Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Part I, line 3: The amounts reported in column (f) include primarily the direct expenditures for the regions listed, recorded on the accrual method of accounting. Part III Accounting Method: X X X X X X X 1 Grenzebach Glier & Assoc 200 S Michigan Ave Ste 2100 Chicago IL 60604 campaign consulting 0 0 5145 -5145 Sass Strategies 2063 NE 182 Street North Miami Beach FL 33162 consulting 0 0 60000 -60000 65145 -65145 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NJ Scholarship Golf Tournament 213589 78586 135003 18464 46359 Baseball Golf Tournament 31990 13956 18034 8225 12401 0 245579 92542 153037 26689 58760 85449 67588 1 Central Florida Ahec Inc 328 S Central Ave Apopka FL 32703 593050122 501(C)(3) 968544 Teaching/Training Everglades Ahec 5725 Corporate Way Ste 102 West Palm Beach FL 33407 592740558 501(C)(3) 934154 Teaching/Training Coastal Eco-Group Inc 810 SE 8th Avenue Ste C Deerfield Beach FL 33441 203829350 381475 Research Research Triangle Institute PO BOX 12194 Research Triangle Park NC 27709 560686338 501(C)(3) 352528 Research Emory University 1462 Clinton Rd Atlanta GA 30322 580566256 501(C)(3) 186836 Research Caridad Center 8645 W Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 118137 Teaching/Training Texas A&M Univ at Galveston 400 Harvey Mitchell Pkwy S Suite 300 College Station TX 77845 742125225 State of TX 113770 Research Meta Media Training Intl Inc 5257 Buckeystown Pike Frederick MD 21704 522236176 103590 Teaching/Training Boston University 881 Commonwealth Avenue Boston MA 02215 042103547 501(C)(3) 91184 Research Miami Dade College 11011 SW 104 Street Miami FL 33176 591210485 501(C)(3) 87354 Teaching/Training Broward Community & Family Health C 6015 Washington Street 200 Hollywood FL 33021 593489664 501(C)(3) 80653 Community Service Cornell University 341 Pine Tree Road Ithaca NY 14850 150532082 501(C)(3) 80000 Research SymbioSeas PO BOX 1189 Carolina Beach NC 28428 471900024 501(C)(3) 77079 Research University of South Florida PO Box 864568 Orlando FL 32886 593102112 State of FL 75348 Research Research Foundation for The State U PO BOX 9 Albany NY 12201 141368361 501(C)(3) 60201 Research Florida International University ORED MARC 470 Miami FL 33199 650177616 State of FL 58212 Research Ocean Data Technologies Inc 31 School Street Hyannis MA 02601 510472003 49203 Research University of Connecticut Health Ce 263 Farminton Ave Farington CT 06034 521725543 State of CT 48152 Research Florida Atlantic University 777 Glades Road Boca Raton FL 33431 650385507 State of FL 40472 Research,Teaching/Training Duke University 324 Blackwell St Durham NC 27701 560532129 501(C)(3) 34269 Research Georgetown University 37th and O Streets NW Washington DC 20057 530196603 501(C)(3) 30260 Research University of Pittsburgh 116 Atwood Street 201 Pittsburgh PA 15260 250965591 501(C)(3) 20652 Research,Teaching/Training South Florida Autism Charter School 18305 NW 75 Pl Hialeah FL 33015 263880489 501(C)(3) 20000 Teaching/Training Rochester General Hospital 100 Kings Hwy South Rochester NY 14617 160743134 501(C)(3) 18666 Research Central Michigan University 104 Warriner Hall Mount Pleasant MI 48859 386004447 State of MI 17769 Teaching/Training Tri-State Maritime Safety Assn 425 Carl Miller Blvd Camden NJ 08104 223661801 501(C)(3) 13851 Teaching/Training University of Nevada Reno Mail Stop 0124 Reno NV 89557 886000024 State of NV 13480 Teaching/Training Florida Gulf Coast University 10501 FGCU Blvd Fort Myers FL 33965 650753801 State of FL 12941 Research Adler Aphasia Center 60 West Hunter Avenue Maywood NJ 07607 020687863 501(C)(3) 12332 Teaching/Training South Florida VA Foundation for Res 121 NW 16 Street Miami FL 33125 650207903 501(C)(3) 9384 Research Junior Achievement of South Florida 1130 Coconut Creek Blvd Coconut Creek FL 33066 590871446 501(C)(3) 90000 contribution United Way Of Broward County Inc 1300 South Andrews Avenue Fort Lauderdale FL 33316 590624402 501(C)(3) 27500 contribution 29 3 Student Financial Assistance 9714 116321307 n/a Cares Act Higher Education Emergency Relief 2386 3578597 n/a Covid Relief Support 76 39859 n/a Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Schedule I, Part I, Line 2: Institutional grants awarded to students are recorded to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of awards varies by center and program. Funds set aside for scholarships are budgeted annually and included in the University's budget plan approved by the Board of Trustees. X X X X X 1 1 X X X X 0 0 0 1 0 0 0 1 0 George L Hanbury II PhD President/Chief Executive Officer 739035 0 100000 0 426951 0 28500 0 24073 0 1318559 0 0 0 Johannes G Vieweg Dean - Coll. Of Allopathic Med 621692 0 0 0 9126 0 28500 0 23743 0 683061 0 0 0 Frederick Lippman Chancellor HPD 486555 0 0 0 62378 0 28500 0 1967 0 579400 0 0 0 Elaine M Wallace Dean - Coll. of Osteopathic Med 545817 0 0 0 11518 0 10967 0 9950 0 578252 0 0 0 Harry K Moon Exec VP & COO 470279 0 0 0 18183 0 28500 0 23112 0 540074 0 0 0 Ray Ferrero University Chancellor 403260 0 0 0 32076 0 28500 0 23352 0 487188 0 0 0 Tom West Chief Information Officer 316909 0 93627 0 2410 0 28500 0 21917 0 463363 0 0 0 Ronald Chenail Provost/Exec VP Acad Affairs 377511 0 0 0 8763 0 28500 0 22919 0 437693 0 0 0 Steven Kaltman Dean - Coll of Dental Medicine 355221 0 5309 0 2343 0 28500 0 18582 0 409955 0 0 0 Alyson Silva VP Finance & CFO 339280 0 0 0 502 0 28500 0 23628 0 391910 0 0 0 Andrew Rosman Dean - Coll. Of Business & Entrep. 336750 0 0 0 32744 0 8750 0 1520 0 379764 0 0 0 Irving Rosenbaum Former Key Employee 284546 0 0 0 2415 0 27806 0 9743 0 324510 0 0 0 Stanley Wilson Asst. Dean / Professor 256396 0 0 0 1637 0 26683 0 20286 0 305002 0 0 0 Ralph Rogers Professor 219824 0 0 0 10210 0 23362 0 10387 0 263783 0 0 0 Part I, Line 1a Supplemental Compensation Information: Line 1- First class travel- Per the travel policy of Nova Southeastern University, Inc., all travel must be by the most direct or economical route. Higher fares may be reimbursable only when coach accommodations would: (1) require circuitous routing; (2) require travel during unreasonable hours; (3) greatly increase the duration of the flight; (4) result in additional costs which would offset the transportation savings; (5) offer accommodations which are not reasonably adequate for the medical needs of the traveler. These exceptions will require the traveler to submit a letter of approval signed by their Dean or Vice President. When traveling by air, the Board of Trustees have approved the President and his spouse to travel at a First Class fare (or business class if it is not available), while taking care to use available coupons, rewards or certificates when feasible. Line 2-Travel for companions -Per the travel policy of Nova Southeastern University, Inc., when a spouse or dependent accompanies the employee, the University will pay for only the travel costs of the employee. Occasionally, spouses of faculty and staff are asked to travel on University business. Spouse travel reimbursement by the University requires approval by a Dean or Officer, or their authorized representative. If the business purpose of the spousal travel is not properly documented, it will be taxed to the employee. Line 3- Tax gross-up payments may occasionally be provided to university employees and in those instances are included in taxable compensation. Line 5-A housing allowance is provided to the president of the University. This allowance is fully taxable to the recipient. Line 7-The university pays for club dues on behalf of certain executives, some of which are treated as taxable to the employee and included in his or her compensation. Part I, Line 5 Steven Kaltman received an incentive bonus payment that was calculated as a percentage of net collections from dental clinic activity. Amounts paid are shown in Schedule J, Part II, Column(BII). Part I, Line 7 George L. Hanbury received a bonus for exceptional job performance as reported in Schedule J, Part II, Column(BII). A HEFFA Series 2016 900058227 34073TGK7 2016-05-12 103761055 Refund 2006 & 2011 0 0 0 B Town of Davie Florida Series 2018 596046527 23867PBU1 2018-07-27 157517526 Const. & Refund 2008A 0 0 0 C FDFC Series 2020A 593270584 34061UEZ7 2020-06-30 44529711 Refund 2009 & 2012B 0 0 0 A 103992585 985325 103007260 2016 1 1 1 1 B 2425000 158796232 4669058 1511755 97001282 54201197 1412940 2019 1 0 1 1 C 5095000 44529711 392680 44137031 2019 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 1 1 1 0 0.00670 0.00670 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 issued on February 15, 2011 Bonds issued on May 12, 2016 Row B: (a)Town of Davie, Florida 2018 (f)Refund the outstanding 2008A Bonds and building an approximately 609-bed dormitory facility and approximately 1,300- space parking garage on main campus and may also be used to finance and refinance, all or in part, the acquisition,construction,improvement and equipping of other residence halls and classrooms located on the main campus Bonds issued on July 27, 2018 Row C: (a)Florida Development Finance Corporation (FDFC)Series 2020A (f)Refund the outstanding Town of Davie, Florida Series 2009 and the HEFFA Series 2012B bond Bonds issued on June 30, 2020 Part II, Line 3: Total proceeds of HEFFA/Series 2016 bond includes investments earnings totaling $231,530. Part II, Line 3: Total proceeds of Town of Davie, Florida 2018 bond includes investments earnings totaling $1,320,785 and the unused cost of issuance totaling $28,402 (explained more fully in Part VI Disclosure for Part II, Line 7). Part II, Line 7: Town of Davie, Florida series 2018 Cost of Issuance: The cost of issuance per the Form 8038 totaling 1,540,157 is $28,402 more than the amount reported on Part II, line 7 totaling $1,511,755 due to the actual cost of issuance being less than budgeted. As a result, the $28,402 will be expended for Series 2018 projects. Part II, Line 13 The years of substantial completion reported on Part II, Line 13 represent the calendar year in which the University's fiscal year began. Part III, Line 2: FDFC, Series 2020A The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University reports private business use through leases of bond-financed facilities on Part III, Line 4, except where it has determined that such use is fully offset with qualified equity through direct or floating allocation. Part III, Line 3 The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University has determined that all management and service contracts fall within one of the available safe harbors under Rev. Proc. 97-13 or 2017-13, the incidental use exception, or is fully offset with qualified equity through direct or floating allocation. Part IV, Line 2c Issue Name: HEFFA Series 2016 Date the rebate was performed: 5/28/21 45959 Tuition Waivers/Scholarships for family members To attend Nova Southeastern University 7668 Tuition Waivers/Scholarships for Key Employees to attend Nova Southeastern University Nicole D Darden Family member of current key employee, Stanley Wilson. 54703 Employment at Nova Southeastern University, Inc. 0 Anne H Rambo Family member of former key employee, Irving Rosenbaum 153609 Employment at Nova Southeastern University, Inc. 0 Jill Wallace Ross Family member of current key employee, Elaine Wallace 211562 Employment at Nova Southeastern University, Inc. 0 X 14 0 X 0 X 0 X 9 4653523 FMV X 7 X See Part II 6 13000 FMV X See Part II 24 0 4 0 1 0 Part I, Column (b): The amount reported is column (b) represents the number of contributions received throughout the year for each type of property listed. Schedule M, Part I, Line 25: Equipment - non cash contributions of various equipment. Incudes donation of medical training equipment for which $13,000 of revenue was recognized in Part VIII. Schedule M, Part I, Line 26: Other - includes various items to be used or auctioned at fundraising events, such as dining gift cards and tickets to special events. Schedule M, Part I, Line 33: Works of art on line 1(c) were not reported as revenue, as permitted under generally accepted accounting principles. A zero amount was reported for those contributions because the organization does not capitalize its collections, as allowed under ASC 958-360-25, formerly known as SFAS 116. Other than works of art, in instances where no amounts were reported in column (c), contribution revenue was not recorded based on immateriality. Form 990, Part VI, Section A, line 1 Explain delegation of authority to an executive committee by the governing body: In accordance to Nova Southeastern University bylaws, the Executive Committee, established by the Board of Trustees (BOT), consists of the Chair of the Board of Trustees who shall serve as Chair of the Executive Committee, the Vice Chair of the Board of Trustees, the President, the chairs of the standing committees of the Board, and no more than two (2) other members of the Board as designated by the Board Chair. The Executive Committee has the power to transact all business delegated to it by the BOT and shall, during periods between meetings of the BOT and for all matters of an urgent nature for which it is impractical or impossible to delay decisions until the next meeting of the BOT, have the power to transact all business of the BOT in the management of the Corporation, subject to any limitations otherwise imposed on the BOT as a whole. The Executive Committee shall have such additional powers as conferred upon it by the BOT, and shall report in writing to the BOT following each meeting. Form 990, Part VI, Section B, line 11b Describe the process used by the organization to review this Form 990: The Form 990 is prepared by the Nova Southeastern University finance staff and presented to the University's outside tax accountants (KPMG, LLP) for review. After review by the outside tax accountants, a draft copy of the Form 990 and all required schedules are provided for review to the Vice President of Finance/Chief Financial Officer and the President/Chief Executive Officer of the University. Upon completion of the internal review, the final form 990 and all required schedules are initially provided to the Executive Committee of the Board of Trustees and subsequently made available to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Describe how the organization monitors and enforces compliance with its conflict of interest policy: Nova Southeastern University (NSU) has a written Conflict of Interest/Conflict of Commitment Policy which applies to all NSU employees. Anyone with knowledge of a conflict or potential conflict is required to immediately advise their Dean/Vice President or the Office of Human Resources. All full-time and part-time faculty members and staff members at the Director level and above are required to complete a Conflict of Interest/Conflict of Commitment Declaration & Disclosure Statement, upon hire and then annually, identifying any actual or potential conflicts. If a potential or perceived conflict of interest/conflict of commitment is identified, the Dean/Vice President is responsible for developing and monitoring a Management plan to address and/or eliminate the conflict/conflict of commitment. Under the Conflict of Interest Policy affecting Trustees in the Audit Committee and Compliance Committee Charter, Trustees have a duty at all times to promptly disclose in writing to the NSU President any current, proposed or pending situation that does or may constitute a Conflict of Interest. Additionally, the Policy requires that on an annual basis all Trustees must complete and sign a Disclosure/Conflicts of Interest Questionnaire. The policy states how conflicts are managed, reduced or eliminated and with respect to any Conflicts of Interest before the Audit and Compliance Committee or NSU's Board of Trustees, the Trustee in no event with the Conflict of Interest (1) be present, participate in the deliberations, or vote, or (ii) attempt to improperly influence the deliberations or the vote. The Trustee's Conflict of interest and recusal are noted in the minutes to any such meeting. Form 990, Part VI, Section B, line 15 Process for determining compensation of Officers and Key positions: A comparative analysis for the position of President/CEO is performed by the Vice President of Human Resources and provided to the compensation committee of the Board of Trustees whose members are appointed by the Board Chair. The analysis is reported to the Executive Committee, who informs the Board of Trustees. Compensation analysis and recommendations for other university officers and key positions are prepared by the Office of Human Resources and reviewed by the university's senior executives. Form 990, Part VI, Section C, line 19 Nova Southeastern University's audited financial statements are part of its Annual Report which is made available on its website at http://www.nova.edu/fop/. In addition, the public at large may receive a copy of the report upon request. The University's Conflict of Interest Policy is available on its website at https://www.nova.edu/hr/conflict-interest. The University's Articles of Incorporation can be requested by the public from the Florida, Department of State, Division of Corporations. The University's Bylaws are not made available to the public. NSU Grande Oaks LLC 3201 W Rolling Hills Circle Fort Lauderdale FL 33328 204811801 Golf Course FL 6228049 40266104 Nova Southeastern University Inc NSU Park Plaza LLC 3301 College Ave Fort Lauderdale FL 33314 954893480 Commercial Real Estate FL -1722030 1291971 Nova Southeastern University Inc NSU Health LLC 3301 College Ave Fort Lauderdale FL 33314 863475957 Health services FL 0 0 Nova Southeastern University Inc NSU Health Professions Division Foundation Inc 3200 South University Dr Fort Lauderdale FL 33328 650456144 Support Org FL 501 (c) (3) Line 12c, III-FI Nova Southeastern University 0 NSU Guaranty Insurance Company LTD c/o Willis Mgt PO Box 30600 KY1 12 Grand Cayman CJ KY1-1203 Insurance Captive CJ Nova Southeastern University Inc C 36316795 1.00000 1 The Pointe Corp Office Park Prop Owners Assn Inc 3301 College Ave Fort Lauderdale FL 33314 460743930 Prop Owner's Assn (no activity) FL Nova Southeastern University Inc C 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 NSU Guaranty Insurance Company LTD S 1663804 claims reimbursed NSU Guaranty Insurance Company LTD Q 80000 expenses reimbursed