2022-04-15T14:30:07-05:00 2021-05-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2020-06-01 420707124 BRIAR CLIFF UNIVERSITY BRIA 7122795504 3303 REBECCA STREET SIOUX CITY IA 51104 PATRICK JACOBSON-SCHULTE VICE PRESIDENT FOR FINANCE 7122795504 2022-04-15 1 PATRICK JACOBSON-SCHULTE XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128764500 2022-04-15 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RACHELLE KECK 3303 REBECCA STREET SIOUX CITY IA 51104 37433742 0 X WWW.BRIARCLIFF.EDU X 1963 IA POST-SECONDARY EDUCATION 18 17 495 25 0 0 6164814 5986474 29495931 27700010 698183 828101 14773 -80130 36373701 34434455 13216982 12945094 0 0 13339903 12925471 0 0 784631 10475963 8974829 37032848 34845394 -659147 -410939 42451317 44688006 16782474 16035280 25668843 28652726 X BRIAR CLIFF UNIVERSITY IS A COMMUNITY COMMITTED TO HIGHER EDUCATION WITHIN A LIBERAL ARTS AND CATHOLIC PERSPECTIVE. IN THE FRANCISCAN TRADITION OF SERVICE, CARING AND OPENNESS TO ALL, BRIAR CLIFF EMPHASIZES QUALITY EDUCATION FOR ITS STUDENTS, COMBINING A BROAD INTELLECTUAL BACKGROUND WITH CAREER DEVELOPMENT. THE UNIVERSITY CHALLENGES IT MEMBERS TO GROW IN SELF-AWARENESS AND IN THEIR RELATIONSHIPS TO OTHER AND TO GOD. 0 0 27552780 12945094 23783359 BRIAR CLIFF UNIVERSITY IS ACCREDITED AS A DEGREE-GRANTING INSTITUTION BY THE HIGHER LEARNING COMMISSION AND IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS. SINCE 1945, THE HIGHER LEARNING COMMISSION HAS GRANTED BRIAR CLIFF UNIVERSITY FULL ACCREDITATION. AS A FOUR YEAR LIBERAL ARTS INSTITUTION, BRIAR CLIFF UNIVERSITY OFFERS DOCTORATE, MASTERS AND BACCALAUREATE PROGRAMS IN 44 FIELDS OF STUDY, RESULTING IN OVER 25,000 CREDIT HOURS OF POST-SECONDARY EDUCATION. THE UNIVERSITY CURRENTLY SERVES A POPULATION OF OVER 1,200 STUDENTS FROM 42 STATES, ARMED FORCES POST OFFICE, PUERTO RICO, AND 14 FOREIGN COUNTRIES. 2534169 3620091 BRIAR CLIFF UNIVERSITY AUXILIARY SERVICES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND BOOKSTORE. DURING THE FISCAL YEAR ENDED MAY 31, 2021, RESIDENCE HALL OCCUPATION WAS APPROXIMATELY 432 STUDENTS. 30086949 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1281 0 495 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICK JACOBSON-SCHULTE 7122795504 3303 REBECCA STREET SIOUX CITY IA 51104 RACHELLE KECK PRESIDENT, BOARD SECRETARY 40.00 X X 286025 0 6650 PATRICK CROSS PROGRAM DIRECTOR, DPT 40.00 X 144250 0 0 PATRICK HAUER PROF. & ASST PROG DIRECTOR, DPT 40.00 X 129000 0 12109 MARK ROSSI PROFESSOR, BUSINESS ADMINISTRATION 40.00 X 117064 0 16146 TIMM FUNK VP ADMIN & FINANCE, BOARD TREASURER 40.00 X 123750 0 0 TODD KNEALING VP FOR ACADEMIC AFFAIRS 40.00 X 113009 0 6518 BRIAN WIENK ASSOCIATE PROFESSOR , DPT 40.00 X 107000 0 12109 CORTNI KRUSEMARK ASSITANT PROFESSOR, OCC 40.00 X 103000 0 9680 MATT THOMSEN VP FOR ENROLLMENT MANAGEMENT 40.00 X 87549 0 12109 TINA STROUD VP FOR UNIVERSITY RELATIONS 40.00 X 99022 0 0 NIC SANDRETT VP FOR OPERATIONS & ATHLETICS 40.00 X 85000 0 12109 SR PAT DOODY VP FOR MISSION AND LEADERSHIP 40.00 X 38379 0 2322 STEVEN FREEMAN BOARD CHAIR 1.00 X X 0 0 0 BAILEY AALFS BOARD MEMBER 0.50 X 0 0 0 KEN BEAULIEU BOARD MEMBER 0.50 X 0 0 0 GAIL BERNSTEIN BOARD MEMBER 0.50 X 0 0 0 RON BOND BOARD MEMBER 0.50 X 0 0 0 ANETTE HAMILTON BOARD MEMBER (OUTGOING) 0.50 X 0 0 0 SR RENAE HOHENSEE BOARD MEMBER 0.50 X 0 0 0 BISHOP R WALKER NICKLESS BOARD MEMBER 0.50 X 0 0 0 NICK ROTH BOARD MEMBER 0.50 X 0 0 0 MARK SCHUETT BOARD MEMBER 0.50 X 0 0 0 DAVID SIMMONS BOARD MEMBER 0.50 X 0 0 0 SR MARGE STAUDT BOARD MEMBER 0.50 X 0 0 0 MARY STERK BOARD MEMBER 0.50 X 0 0 0 MARK WARD BOARD MEMBER 0.50 X 0 0 0 JANE SCHEY BOARD MEMBER 0.50 X 0 0 0 PAM DUZIK BOARD MEMBER 0.50 X 0 0 0 DR PATRICK WALSH BOARD MEMBER, VICE CHAIR 0.50 X X 0 0 0 SR KATHY KNIPPER BOARD MEMBER 0.50 X 0 0 0 1433048 0 89752 7 0 1 0 ARAMARK SERVICES 3303 REBECCA STREET SIOUX CITY IA 51104 FOOD SERVICE 1224852 MID AMERICAN GOLF LANDSCAPE 1621 SUMMIT ST LEES SUMMITT MO 64081 BASEBALL INFIELD/ TURF FIELDING 261807 ELECTRIC INNOVATIONS 2300 7TH STREET SIOUX CITY IA 51105 IT/NETWORK MANAGEMENT/CONSULTING 196953 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 FACILITIES MANAGEMENT 195696 CFO NEXT 1509 CHOCTAW CT SIOUX CITY IA 51104 CONSULTING/ ACCOUNTING FIRM 191156 10 2942691 3043783 1224969 5986474 STUDENT TUITION AND FEES 611310 23966989 23966989 AUXILIARY ENTERPRISES 611310 3733021 3620091 112930 27700010 346351 346351 16402 0 16402 16402 16402 2002804 1001127 1627181 895000 375623 106127 481750 481750 293476 477106 -183630 -183630 OTHER INCOME 611310 87098 87098 87098 34434455 27403450 0 1044531 12945094 12945094 708984 236388 373574 99022 9923638 9354985 370710 197943 1550054 1441550 70290 38214 742795 690799 33683 18313 11679 11679 72181 72181 89139 89139 2288953 1411199 877754 369098 332188 36910 1042482 854872 149661 37949 462764 416487 46277 938244 562946 375298 239756 208587 26373 4796 452449 271469 180980 1357936 814761 543175 416339 249803 166536 BAD DEBT EXPENSE 450000 450000 EQUIP RENTAL/MAINT 296540 280669 15232 639 FUNDRAISING & SPECIAL E 135687 135687 MEMBERSHIPS & DUES 43613 15152 26168 2293 307969 58194 249775 34845394 30086949 3973814 784631 10700 10700 3260129 5393889 2126652 1481725 665911 510077 224714 0 187871 65000 48284353 30565080 19459464 17719273 14891419 18068044 1624457 1439298 42451317 44688006 1634224 1724740 548952 311366 10292400 10000852 4306898 3998322 16782474 16035280 X 9362805 9134875 16306038 19517851 25668843 28652726 42451317 44688006 X -410939 3482698 -87876 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 1 3747 1 0 0 3747 0 PART II-B, LINE 1: ON A LIMITED NUMBER OF OCCASIONS, THE PRESIDENT OF THE UNIVERSITY MAY CALL LEGISLATORS OR THEIR STAFF TO DISCUSS MATTERS OF INTEREST TO THE UNIVERSITY, OR MAY VISIT THEM FOR A BRIEF MEETING AS AN INCIDENTAL PART OF A BUSINESS TRIP. STUDENTS ARE ENCOURAGED TO WRITE LETTERS TO LEGISLATORS WITH CONCERNS REGARDING FINANCIAL AID AND HIGHER EDUCATION. THE UNIVERSITY'S LOBBYING EXPENSES ARE PART OF YEARLY DUES PAID TO THE IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. 17085946 640022 4084643 1195106 50048 20565457 16276558 292602 1150982 616275 17921 17085946 14199125 2479816 283955 615029 71309 16276558 13015759 444376 1374248 576093 59165 14199125 12066605 365198 1236155 562017 90182 13015759 0.26870 0.00000 0.73130 0 0 93975 93975 36807678 20488773 16318905 9071046 8384595 686451 2311654 1691712 619942 17719273 GOVERNMENT GRANTS REFUNDABLE 1587922 PAYCHECK PROTECTION PROGRAM LOAN 2410400 3998322 X 25751652 3482698 52856 477106 4012660 21738992 89139 12606324 12695463 34434455 22767769 52856 477106 529962 22237807 89139 12518448 12607587 34845394 PART V, LINE 4: BRIAR CLIFF UNIVERSITY USES ITS ENDOWMENT FUNDS TO PROVIDE GRANTS AND SCHOLARSHIPS, AS WELL AS FUNDS FOR PROGRAM RELATED ACTIVITIES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAXES. AT MAY 31, 2021 AND 2020, THE UNIVERSITY HAD NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2021 AND 2020. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 477,106. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,518,448. LOAN LOSS AND CANCELLATIONS 87,876. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 477,106. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 12,518,448. 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 RACIALLY NONDISCRIMINATORY POLICY IS PRINTED IN ALL STUDENT HANDBOOKS, UNIVERSITY CATALOGS, AND IS AVAILABLE ON THE UNIVERSITY WEBSITE. THE RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE TO ALL UNIVERSITY COMMUNITY MEMBERS AND PROSPECTIVE STUDENTS. SCHEDULE E, PART I, LINE 6 BRIAR CLIFF UNIVERSITY RECEIVED STUDENT FINANCIAL AID FROM BOTH FEDERAL AND STATE GOVERNMENTAL AGENCIES. BRIAR CLIFF UNIVERSITY ALSO RECEIVED TRIO GRANT MONEY FROM THE FEDERAL GOVERNMENT. 1 BRIAR CLIFF ASSISTANCE 473 811583 ACADEMIC EXCELLENCE 391 5573875 CONTINUING EDUCATION AWARDS 238 1146526 BRIAR CLIFF DEPT. SCHOLARSHIPS 40 78500 MINORITY AWARDS 47 150112 BRIAR CLIFF GRANTS 443 614856 ATHLETIC SCHOLARSHIPS 526 4142977 OFF CAMPUS EMPLOYMENT 1 18 CARES ACT STUDENT FINANCIAL ASSISTANCE 559 426646 PART I, LINE 2: THE VICE PRESIDENT FOR FINANCE COLLECTS GRANT AWARD LETTERS AND INSTRUCTIONS FROM THE GRANTING AGENCIES OF THE BRIAR CLIFF UNIVERSITY (BCU) GRANT MANAGERS. THE VICE PRESIDENT FOR FINANCE KEEPS A FISCAL FILE FOR EACH GRANT, INCLUDING AWARD LETTERS, INSTRUCTIONS, ANNUAL ACCOUNTING RECORDS, AND FINANCIAL REPORTS SUBMITTED TO THE GRANTORS. EITHER THE VICE PRESIDENT FOR FINANCE OR THE GRANT MANAGER SUBMITS REPORTS TO AGENCIES, DEPENDING ON THE GRANT. THE VICE PRESIDENT FOR FINANCE CREATES A BUDGET FOR EACH GRANT IN THE GRANTS FUND, BASED ON AWARD LETTERS AND INPUT FROM THE BCU GRANT MANAGERS. IF THE GRANT ALLOWS, GRANT MANAGERS MAY REQUEST BUDGET TRANSFERS WITHIN THEIR GRANT, WHICH THE VICE PRESIDENT FOR FINANCE OR THE ASSISTANT VICE PRESIDENT FOR FINANCE ENTER IN DATATEL. THE GRANT MANAGER SIGNS OFF ON EXPENDITURES FOR THE GRANT. THE VICE PRESIDENT FOR FINANCE REVIEWS ALL GRANT EXPENDITURES MONTHLY, WITH MORE IN-DEPTH REVIEW AS NEEDED FOR REPORTING TO GRANTORS. THE VICE PRESIDENT FOR FINANCE RECONCILES GRANT EXPENDITURES ANNUALLY FISCAL YEAR AND THE GRANT FISCAL YEAR, IF DIFFERENT FINANCIAL AID GRANTS ARE APPROVED AND REPORTED BY THE FINANCIAL AID DEPARTMENT. CHECKS FOR GRANT REVENUES ARE RECEIVED IN THE BUSINESS OFFICE: SOME AGENCIES MAIL THEM TO THE GRANT MANAGERS, WHO THEN TURN THEM IN TO THE BUSINESS OFFICE FOR DEPOSIT. SOME AGENCIES PAY BCU THROUGH DIRECT DEPOSIT INTO BCU CHECKING ACCOUNTS. THE VICE PRESIDENT FOR FINANCE DRAWS DOWN FEDERAL GRANT FUNDS ELECTRONICALLY THROUGH THE ONLINE G5 SYSTEM: DRAWDOWNS ARE USUALLY DONE MONTHLY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RACHELLE KECK PRESIDENT, BOARD SECRETARY 286025 0 0 0 0 0 0 0 6650 0 292675 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVED A HOUSING ALLOWANCE AND COUNTRY CLUB MEMBERSHIP. BOTH WERE INCLUDED AS PART OF HER TAXABLE INCOME ON HER W-2. X 17500 THRIFT SHOP VALUE X 5 1132369 FAIR MARKET VALUE X SCORER'S TABLE 1 63100 FAIR MARKET VALUE X FURNITURE 1 12000 FAIR MARKET VALUE 0 0 0 1 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: BRIAR CLIFF UNIVERSITY USES A THIRD PARTY TO PROCESS AND SELL ANY SECURITIES RECEIVED AS CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THERE WILL BE AN EXECUTIVE COMMITTEE, WHICH SHALL BE MADE UP OF SEVEN MEMBERS OF THE BOARD OF TRUSTEES. THESE MEMBERS SHALL INCLUDE THE CHAIRPERSON OF THE BOARD OF TRUSTEES, THE VICE CHAIRPERSON OF THE BOARD OF TRUSTEES, THE BISHOP OF THE DIOCESE OF SIOUX CITY, THE PRESIDENT, AND THE CHAIRS OF THE FINANCE COMMITTEE, THE STUDENT DEVELOPMENT ADVISORY BOARD AND THE INSTITUTIONAL ADVANCEMENT COMMITTEE. FOUR OF THE SEVEN MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE PRESENT IN ORDER TO CONDUCT BUSINESS OF THE CORPORATION. AN EXECUTIVE COMMITTEE MEETING MAY BE CALLED ANY TIME BY THE PRESIDENT OR CHAIRPERSON OF THE BOARD. THE ACTION OR RECOMMENDATION OF THE EXECUTIVE COMMITTEE WOULD BE TAKEN TO THE FULL BOARD OF TRUSTEES AT A REGULAR OR SPECIAL BOARD OF TRUSTEES MEETING. THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE CORPORATION IN ALL RESPECTS IN EMERGENCY SITUATIONS. THE EXECUTIVE COMMITTEE SHALL ALSO BE RESPONSIBLE FOR OVERSEEING THE AUDIT FUNCTIONS ON BEHALF OF THE CORPORATION, INCLUDING, BUT NOT LIMITED TO THE APPOINTMENT, REMOVAL, COMPENSATION AND OVERSIGHT OF THE WORK OF THE INDEPENDENT AUDITOR; HOWEVER, THE PRESIDENT SHALL NOT BE ALLOWED A VOTE ON ANY MATTERS RELATING TO THIS FUNCTION. IN MEETING ITS OBLIGATIONS HEREIN, THE EXECUTIVE COMMITTEE WILL SELECT THE EXTERNAL AUDITOR WHEN THE INSTITUTION PERIODICALLY CONDUCTS THE REVIEW PROCESS. THE EXECUTIVE COMMITTEE WILL ALSO PRE-APPROVE NON-AUDIT SERVICES PERFORMED BY THE EXTERNAL AUDITOR. FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER OF TRUSTEES OF THE CORPORATION SHALL NOT BE FEWER THAN FIVE (5) NOR MORE THAN THIRTY (30). AT EACH ANNUAL MEETING OF THE TRUSTEES, THE TOTAL NUMBER OF TRUSTEES FOR THE SUCCEEDING YEAR SHALL BE SET AND THE TRUSTEES SHALL ELECT NEW TRUSTEES BY MAJORITY VOTE TO HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING AND EACH TRUSTEE EXCEPT THOSE LISTED BELOW SHALL HOLD OFFICE FOR A TERM OF THREE YEARS AND MAY SUCCEED HIMSELF OR HERSELF FOR TWO TERMS ONLY. THE FOLLOWING REPRESENTATIVES SHALL AT ALL TIMES BE MEMBERS OF THE BOARD OF TRUSTEES: (1) THE PRESIDENT OF THE SISTERS OF ST. FRANCIS OF DUBUQUE, IOWA OR HER DESIGNEE. THE PRESIDENT OR HER DESIGNEE SHALL ALSO SERVE AS CHAIRPERSON OF THE BOARD OF TRUSTEES. (2) THREE ADDITIONAL SISTERS TO BE SELECTED BY THE PRESIDENT OF THE SISTERS OF ST. FRANCIS OF DUBUQUE, IOWA. (3) THE BISHOP OF THE CATHOLIC DIOCESE OF SIOUX CITY, SIOUX CITY, IOWA OR HIS DESIGNEE. (4) THE PRESIDENT OF BRIAR CLIFF UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT FIRM OF BAKER TILLY PREPARES THE FORM 990 WITH DATA FROM THE ANNUAL AUDIT AND OTHER DATA PROVIDED BY THE ASSISTANT VICE PRESIDENT FOR FINANCE. THE VICE PRESIDENT FOR FINANCE AND THE PRESIDENT THEN REVIEW THE FORM 990. AFTER THE VICE PRESIDENT FOR FINANCE AND PRESIDENT'S REVIEW, THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW, QUESTIONS AND COMMENTS. AT THE END OF THIS PROCESS, THE FORM 990 IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BRIAR CLIFF UNIVERSITY HAS EACH MEMBER OF THE BOARD OF TRUSTEES COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. ADDITIONALLY, BRIAR CLIFF UNIVERSITY PERSONNEL WHO CONTACT VENDORS AE MADE AWARE OF BOARD RELATIONSHIPS AND PROCEED ACCORDINGLY. A TRUSTEE HAVING A CONFLICT OF INTEREST IN A MATTER BEFORE THE BOARD IS PRECLUDED FROM PARTICIPATING IN DISCUSSION OR ACTION ON THE MATTER, AND MUST EXCUSE THEMSELVES FROM THE MEETING FOR THAT AGENDA ITEM. REMAINING MEMBERS WILL DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. ACTIONS RESULTING FROM CONFLICTS OF INTEREST ARE DOCUMENTED AND RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 BRIAR CLIFF UNIVERSITY (BCU) HAS AN AUDIT COMMITTEE AS PART OF THE BOARD OF TRUSTEES THAT REVIEWS AND DISCUSSES THE SALARIES FOR THE PRESIDENT AND VICE PRESIDENTS. COMPARISONS ARE MADE TO OTHER IOWA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INSTITUTIONS TO SEE IF BCU OFFICERS ARE COMPENSATED APPROPRIATELY. SALARY RECOMMENDATIONS ARE ALSO MADE BASED ON THESE COMPARISONS. THE COMPENSATION COMMITTEE MET IN OCTOBER 2019 IN A MINUTED MEETING TO REVIEW AND DISCUSS THE SALARY AND OTHER COMPENSATORY MATTERS FOR THE PRESIDENT AND VICE PRESIDENTS. FORM 990, PART VI, SECTION C, LINE 19 BRIAR CLIFF UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE UNIVERSITY'S FORM 990 IS ALSO ON GUIDESTAR'S WEB SITE. FORM 990, PART XI, LINE 9: LOAN LOSS AND CANCELLATIONS -87,876.