2021-05-14T07:00:54-05:00 2020-06-30 350921680 CROWE LLP 155 West Nationwide Blvd Suite 500 Columbus OH 432152570 990 2019-07-01 314379560 OHIO DOMINICAN UNIVERSITY OHIO 6142514512 1216 SUNBURY ROAD COLUMBUS OH 432192086 AL RODACK CTP, VP OF FINANCE & ADMINISTRATION 2021-05-14 true KIM SCIFRES P01316095 6144690001 2019 2022-09-23 18:48:47Z DR ROBERT A GERVASI PHd 1216 SUNBURY ROAD COLUMBUS OH 432192086 59264798 false X WWW.OHIODOMINICAN.EDU X 1911 OH As a Catholic liberal arts university in the Dominican tradition, Ohio Dominican University is guided in its educational mission by the Dominican motto: to contemplate truth and to share with others the fruits of this contemplation. 25 25 707 42 51025 14553 1946971 4391923 41347995 40378195 1979471 965098 1354040 1036657 46628477 46771873 17106664 17694976 0 16507120 15732732 0 933880 17735058 17840532 51348842 51268240 -4720365 -4496367 79238260 77043950 52879140 55600774 26359120 21443176 As a Catholic liberal arts university in the Dominican tradition, Ohio Dominican University is guided in its educational mission by the Dominican motto: to contemplate truth and to share with others the fruits of this contemplation. Ohio Dominican educates individuals committed to intellectual, spiritual and professional growth, who develop into lifelong learners, serving others in a global society. They in turn become ethical and effective leaders grounded in the pursuit of truth, justice and peace. false false 39191828 17694976 35621110 OHIO DOMINICAN UNIVERSITY IS A CATHOLIC LIBERAL ARTS UNIVERSITY THAT ENCOURAGES ITS STUDENTS TO PURSUE A MEANINGFUL EDUCATION THAT FUELS INTELLECTUAL AND SPIRITUAL CURIOSITY. STUDENT ENROLLMENT FOR FY20 CONSISTED OF THE FOLLOWING: SUMMER 2019 = 378 FTE FALL 2019 = 1493 FTE SPRING 2020 = 1310 FTE 6490813 0 5706758 AUXILIARY ENTERPRISES ROOM AND BOARD CHARGES FOR 480 RESIDENT STUDENTS. THIS ALSO INCLUDES SOME BOARD CHARGES FOR COMMUTER AND NON-RESIDENT STUDENTS, FACULTY AND STAFF. 45682641 true true false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false false false false false false false false false false false false true 61 0 true 707 true true true false false false false true true false false false false false false X 25 25 false false false false false false false true true false false true true true true true true false false false X AL RODACK 6142514512 1216 SUNBURY ROAD COLUMBUS OH 43219 O'CONNOR JAMES TREASURER 1.0 X X 0 0 0 WINTERS THOMAS VICE CHAIRMAN 1.0 X X 0 0 0 YUSKEWICH JAMES CHAIRMAN OF THE BOARD 1.0 X X 0 0 0 BARKER JOHN TRUSTEE 1.0 X 0 0 0 BAY DR JANET TRUSTEE 1.0 X 0 0 0 BROWN LOREN TRUSTEE 1.0 X 0 0 0 CADWALLADER JOHN TRUSTEE 1.0 X 0 0 0 CAMPBELL GRADY TRUSTEE 1.0 X 0 0 0 DOLL SR GEMMA TRUSTEE 1.0 X 0 0 0 EBBING WILLIAM TRUSTEE 1.0 X 0 0 0 ELLIS PAMELA TRUSTEEE 1.0 X 0 0 0 GEHRING CHARLES TRUSTEE 1.0 X 0 0 0 GORMAN ROBERT J TRUSTEE 1.0 X 0 0 0 HEDRICK STERLING TRUSTEE 1.0 X 0 0 0 HENDRICKS REV MSGR JOSEPH TRUSTEE 1.0 X 0 0 0 JACKSON GILDA TRUSTEE 1.0 X 0 0 0 KELLEY III JOHN F TRUSTEE 1.0 X 0 0 0 KILBRIDE SR ANNE TRUSTEE 1.0 X 0 0 0 MCCURDY PATRICK TRUSTEE 1.0 X 0 0 0 OLSON SR SUSAN TRUSTEE 1.0 X 0 0 0 PETERS-CARDWELL VALERIE TRUSTEE 1.0 X 0 0 0 REECE II GUY TRUSTEE 1.0 X 0 0 0 TAKAVITZ FRED TRUSTEE 1.0 X 0 0 0 TIBERI PAT TRUSTEE 1.0 X 0 0 0 TWOHILL SR PATRICIA PRIORESS 1.0 X 0 0 0 GERVASI ROBERT A PRESIDENT 40.0 X 309640 0 84172 RODACK AL VICE PRESIDENT FOR FINANCE AND ADMINISTRATION 40.0 X 125821 0 20228 THOMAS AMY SECRETARY 40.0 X 73599 0 24357 THERESA HOLLERAN VICE PRESIDENT OF ACADEMIC AFFAIRS 40.0 X 153729 0 26139 COOPER MARK VICE PRESIDENT FOR ADVANCEMENT & EXTERNAL RELATIONS 40.0 X 129155 0 25262 JOHN NAUGHTON VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 40.0 X 96916 0 6080 KURTH CHRISTINE CHIEF INFORMATION OFFICER 40.0 X 119113 0 5979 RIEDLINGER SHONNA PROGRAM DIRECTOR, PA 40.0 X 112934 0 19785 WOLF LINDA AVP AND DIRECTOR FOR INSTITUTIONAL RESEARCH AND ASSESSMENT 40.0 X 110002 0 15429 1230909 0 227431 10 false true false SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING & FACILITIES MANAGEMENT 7391102 AEC GROUP LLC 300 Montour Church Road Oakdale PA 15071 DATA-COMPUTER SERVICES 565692 CAPTURE LLC 2303 RIVER RD SUITE 201 LOUISVILLE KY 40206 RECRUITMENT SERVICE 309330 WBNS-FM DEPT L-1133 COLUMBUS OH 432601133 ADVERTISING 215974 ELLUCIAN INC 62578 COLLECTIONS CENTER DR CHICAGO IL 606930625 DATA-COMPUTER SERVICES 213184 12 41675 1374008 2976240 4391923 Tuition and Fees 611310 35621110 35621110 Auxiliary Enterprises-Room and Board 611310 4757085 4757085 0 0 0 0 40378195 411682 411682 42600 42600 0 42600 42600 13014767 600 12461951 0 552816 600 553416 553416 22783 41675 30974 -8191 -8191 SECURITY SERVICES 561612 33722 33722 CELL TOWER REVENUE 533110 17303 17303 CONFERENCE REVENUE 900099 301542 301542 649681 648131 0 1550 1002248 46771873 41327868 51025 1001057 17694976 17694976 817685 558513 259172 0 11745422 9777163 1516877 451382 479972 320012 135560 24400 1820245 1534815 217074 68356 869408 629051 202556 37801 0 0 8573 0 8573 0 79770 0 79770 56389 56389 3365347 3289322 76025 0 683211 3129 671865 8217 209516 0 164915 44601 419272 250828 168444 0 947347 757878 142102 47367 97057 90263 4853 1941 175776 93519 72731 9526 3325673 2907759 308425 109489 2863349 2504542 264538 94269 316265 20815 295450 0 FOOD 1788710 1788710 EQUIPMENT 822867 822867 ATHLETICS AND CAMPS 698421 698421 CARES GRANTS 593263 593263 1389726 1346795 6400 36531 51268240 45682641 4651719 933880 2050 2050 10121443 10860427 221995 147117 783591 555234 0 0 0 0 795251 609200 41334 3950 105256294 59961000 45919708 45295294 19168175 18198495 0 0 2184713 1372183 79238260 77043950 2077943 1826924 73836 108763 2214839 2440729 46618364 46715803 0 0 1894158 1392655 0 3115900 52879140 55600774 X 3447393 2292261 22911727 19150915 26359120 21443176 79238260 77043950 X -4496367 -371437 -48140 X false true X true true true X 1985995 3993719 2074776 1946971 4391923 14393384 0 0 1985995 3993719 2074776 1946971 4391923 14393384 462259 13931125 582672 490230 516171 485885 454282 2529240 11929 11122 12328 11978 14553 61910 105428 69654 61669 16216 22783 275750 17260284 214406266 0.8071 0.7963 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 105428.0, COLUMN B - 69654.0, COLUMN C - 61669.0, COLUMN D - 16216.0, COLUMN E - 22783.0, COLUMN F - 275750.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18627785 481070 370593 634279 1234722 17610447 22326181 231972 799390 624558 4105200 18627785 24313818 319288 2033499 773754 3566670 22326181 22069174 533828 2661367 687261 263290 24313818 22550960 350622 -137223 465720 229465 22069174 0.0717 0.602 0.3263 true false 1734959 1734959 79747608 42903916 36843692 6165111 4888066 1277045 17608616 12169018 5439598 45295294 GRANTS ADVANCE LIABILITY 3115900 3115900 28688294 -371437 -17743116 -18114553 46802847 -30974 -30974 46771873 33604238 30974 30974 33573264 17694976 17694976 51268240 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT IS MAINTAINED PRIMARILY FOR THE BENEFIT OF STUDENTS WHOM DISBURSEMENTS ARE MADE FOR SCHOLARSHIPS. A PORTION OF THE ENDOWMENT IS AVAILABLE FOR OPERATIONS ONLY IF THE BOARD OF TRUSTEES AUTHORIZES SUCH USE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RECLASS SCHOLARSHIPS - -17694976 CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN ASSETS - -48140 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS FUNDRAISING EXPENSE - -30974 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS FUNDRAISING EXPENSE - 30974 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements RECLASS SCHOLARSHIPS - 17694976 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY OHIO DOMINICAN UNIVERSITY IS IN COMPLIANCE WITH REVENUE PROCEDURE 75-50. THE UNIVERSITY PUBLISHES A NOTICE OF ITS NON-DISCRIMINATORY POLICY WITH THE MEDIA PERIODICALLY THROUGHOUT THE YEAR AND PUBLICLY DISCLOSES THIS POLICY ON ITS WEBSITE. THIS POLICY IS ALSO PRINTED IN THE UNIVERSITY CATALOG WHICH IS DISTRIBUTED TO PROSPECTIVE STUDENTS AND ON OUR FINANCIAL AND AWARD NOTICES THAT ARE ISSUED TO CURRENTLY ENROLLED STUDENTS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT OHIO DOMINICAN UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS ALLOCATED TO STUDENT FINANCIAL AID AND GRANTS FOR SPECIFIC UNIVERSITY PROGRAMS. Golf Team Golf Outing 15720 8120 7600 2884 2432 4452 Baseball Team Golf Outing 8100 4720 3380 2756 630 52 1 40638 28835 11803 3864 4880 9024 64458 41675 22783 9504 7942 13528 30974 -8191 true FEDERAL WORK STUDY PROGRAM 161 157072 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 146 99983 OHIO DOMINICAN UNIVERSITY ACADEMIC SCHOLARSHIP 879 11816224 OHIO DOMINICAN UNIVERSITY GENERAL GRANTS 1159 4944326 STAFF/EMPLOYEE BENEFITS AND OTHER DISCOUNTS 158 677371 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIPS, GRANTS AND LOANS ARE AWARDED BASED ON NEED (AS DETERMINED BY A STANDARDIZED FINANCIAL AID FORM), ACADEMIC ACHIEVEMENT AND/OR LEADERSHIP. RECIPIENTS ARE CHOSEN BASED ON OBJECTIVE CRITERIA WHICH ARE CONSISTENT WITH THE OVERALL TAX-EXEMPT PURPOSE OF THE UNIVERSITY. THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS FINANCIAL AID PROGRAMS. ANY ESTIMATES UTILIZED ARE BASED ON CALCULATED AVERAGE AWARDS EXTENDED TO COMPARABLE GROUPS. ALL AWARDS ARE DISBURSED DIRECTLY TO THE UNIVERSITY AND NOT TO THE RECIPIENT. X X true true X X X false true false false false false false false false GERVASI ROBERT A PRESIDENT 290182 0 600 0 18858 0 48615 0 35557 0 393812 0 0 0 THERESA HOLLERAN VICE PRESIDENT OF ACADEMIC AFFAIRS 149136 0 600 0 3993 0 3796 0 22343 0 179868 0 0 0 COOPER MARK VICE PRESIDENT FOR ADVANCEMENT & EXTERNAL RELATIONS 126900 0 600 0 1655 0 5977 0 19285 0 154417 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT'S EMPLOYMENT AGREEMENT REQUIRES HIM TO LIVE ON CAMPUS. HOUSING IS PROVIDED TO THE PRESIDENT AND HIS IMMEDIATE FAMILY. THIS IS A NONTAXABLE BENEFIT UNDER CODE SECTION 119. Schedule J, Part I, Line 1a Health or social club dues or initiation fees A COUNTRY CLUB BUSINESS MEMBERSHIP IS HELD BY THE UNIVERSITY FOR USE BY THE PRESIDENT, STAFF MEMBERS AND FOR UNIVERSITY EVENTS. USE IS STRICTLY FOR BUSINESS PURPOSES, THUS IT IS NOT TREATED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY CONTRIBUTES TO A DEFERRED COMPENSATION PLAN FOR THE PRESIDENT WHICH IS FUNDED EACH FULL YEAR OF EMPLOYMENT. THE BENEFIT IS NOT VESTED UNTIL COMPLETION OF THE INITIAL TERM OF EMPLOYMENT ON 6/30/21. A Columbus-Franklin County Finance Authority 571239430 199095AJ9 2018-12-27 49980000 REFINANCING OF 2014 BOND ISSUE AND CAPITAL EXPENDITURES false false false A 0 0 47759849 3759911 691445 0 1017957 0 0 2686627 39175528 428381 2019 true true false true A false false true false false 0.0125 0.0 0.0125 false false true A false true false false false false false false true A true Schedule K, Part IV, Line 7 Written Procedures The organization has adopted written procedures to monitor the organization's ability to remain in compliance with the arbitrage requirements under Section 148 of the Internal Revenue Code. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could forseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. Schedule K, Part III, Line 3a Private Business Use- Management Contracts The organization has management/service contracts that relate to bond financed space that qualify under the safe harbor exceptions of the applicable regulations. Schedule K, Part III, Line 9 Written Procedures The organization has adopted written procedures to ensure all non-qualified bonds (if any) of the issue are re-mediated in accordance with the associated regulations. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could forseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. Schedule K, Part V Written Procedures The organization has adopted written procedures which dictate how management timely identifies and corrects violations of federal tax requirements using the voluntary closing agreement program provided by the IRS when self-remediation is not available to the organization. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could forseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. In the event a violation is identified the organization's policy is to correct the violation as soon as possible, while working with the federal authorities as necessary to ensure that sufficient controls are present which will guard against future violations. Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE THE DIFFERENCE BETWEEN THE ISSUE PRICE IN PART I/COLUMN E VERSUS PART II/LINE 3 IS DUE TO THE ORIGINAL DISCOUNT ON THE BONDS AND INVESTMENT EARNINGS ON BOND PROCEEDS. NA N/A 16100 TUITION DISCOUNT CREDITED EMPLOYEE BENEFIT Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS COLLEGES AND UNIVERSITIES ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, GRANTS, FELLOWSHIPS AND SIMILAR FINANCIAL ASSISTANCE. PER INSTRUCTIONS, PART III, COLUMNS (A) AND (B) DO NOT IDENTIFY THE NAME OF THE INTERESTED PERSON. THE GRANTS WERE PROVIDED TO DEPENDENTS OF UNIVERSITY EMPLOYEES WHO ARE ALSO LISTED AS INTERESTED PERSONS ON SCHEDULE VII. Form 990, Part VI, Line 15b COMPENSATION OF OTHER EMPLOYEES FOR THE VICE PRESIDENTS OF THE ORGANIZATION, THE DIRECTOR OF HUMAN RESOURCES CONDUCTS A SALARY BENCHMARKING STUDY BY COLLECTING DATA FROM COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA). AN INTERNAL EQUITY ANALYSIS IS MADE CONSIDERING PERFORMANCE, YEARS IN POSITION AND OTHER FACTORS. SALARY ADJUSTMENTS ARE TYPICALLY MADE ON AN ANNUAL BASIS FOR THE VICE PRESIDENTS AS DETERMINED BY THE PRESIDENT OF THE ORGANIZATION. THIS PROCESS WAS LAST UNDERTAKEN IN FISCAL YEAR 2015. SINCE THIS PROCESS WAS NOT COMPLETED DURING FY20, THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 15a PRESIDENT COMPENSATION THERE WAS NO CHANGE IN THE PRESIDENT'S COMPENSATION DURING FY20. THE PRESIDENTS REVIEW WAS COMPLETED PRIOR TO 6/30/19 AND WAS REPORTED IN EXECUTIVE SESSION OF THE 2019 BOARD OF TRUSTEES MEETING. SINCE THERE WAS NO CHANGE IN COMPENSATION, THE SAFE HARBOR TESTING WAS NOT NEEDED OR CONDUCTED. THEREFORE, THIS ITEM HAS BEEN MARKED "NO" PER IRS INSTRUCTION. Form 990, Part VI, Line 1a Delegate broad authority to a committee Article IV Procedures, Section 6. Committees: The Executive Committee shall not exceed nine (9) members and consist of the Chairperson of the Board who shall serve as its chairperson, The President of the University, the Prioress of the Congregation, or designee, the Vice Chairperson of the Board, the Treasurer, the Chairperson-elect and the Chairperson of each of the duly constituted standing committees (4) and up to two (2) At Large members of the Board of Trustees nominated by the Chairperson and confirmed by the Board. It shall be subordinate and responsible to the Board of Trustees and, subject to the limitations set forth herein, and in the" Charters of the Standing Committees" A quorum shall consist of a majority of the Committee. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED WITH THE ASSISTANCE OF AN ACCOUNTING FIRM. AFTER THE RETURNS INITIAL PREPARATION, THE RETURN IS REVIEWED BY FINANCE/ACCOUNTING MANAGEMENT AND THEN BY THE VP OF FINANCE AND ADMINISTRATION. THEN EACH VOTING MEMBER OF THE AUDIT COMMITTEE IS ASKED TO REVIEW THE FORM 990 AND SUBMIT ANY QUESTIONS TO MANAGEMENT. ANY RECOMMENDED CHANGES ARE REQUESTED AND DISCUSSED WITH THE ACCOUNTING FIRM PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE APPRAISED OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHEN HIRED OR ADMITTED TO THE BOARD OF TRUSTEES. ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT WERE TO ARISE, THE OFFICERS AND DIRECTORS AFFECTED WOULD BE PROHIBITED FROM CONDUCTING ANY OF THE ORGANIZATION'S BUSINESS RELATED TO THE CAUSE OF THE CONFLICT OF INTEREST AND WOULD RECUSE THEMSELVES FROM THE PROCEEDINGS. THE CFO &/OR PRESIDENT OF THE UNIVERSITY REVIEWS THE CONFLICT OF INTEREST STATEMENTS. IN THE EVENT A TRUSTEE IS UNCERTAIN AS TO THE APPROPRIATENESS OF LISTING A PARTICULAR RELATIONSHIP, THE CHAIRPERSON OF THE BOARD OF TRUSTEES SHOULD BE CONSULTED. THE CHAIRPERSON, IN TURN, MAY ELECT TO CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE COMMITTEE OR THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. Form 990, Part VI, Line 19 Required documents available to the public COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE FINANCIAL AND ADMINISTRATIVE OFFICES OF THE UNIVERSITY. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue MISCELLANEOUS REVENUE - Total Revenue: 298826, Related or Exempt Function Revenue: 298826, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; DAY CAMPS - Total Revenue: 53064, Related or Exempt Function Revenue: 53064, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; REVENUE FROM FEES/FINES - Total Revenue: 16980, Related or Exempt Function Revenue: 16980, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; VENDING MACHINE - Total Revenue: 1550, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 1550; SODEXO CONTRACT REVENUE - Total Revenue: 190000, Related or Exempt Function Revenue: 190000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; SPORTING EVENTS TICKET/CONCESSIONS - Total Revenue: 89261, Related or Exempt Function Revenue: 89261, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS - -48140;