2021-03-31T16:46:20-05:00 2020-06-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2019-07-01 990272261 CHAMINADE UNIVERSITY OF HONOLULU CHAM 8087354711 3140 WAIALAE AVENUE HONOLULU HI 96816 DR LYNN BABINGTON PRESIDENT 8087354711 2021-03-31 1 DEANNA C AWA P00647777 8085262255 2019 2022-09-23 18:48:47Z DR LYNN BABINGTON 3140 WAIALAE AVENUE HONOLULU HI 96816 68920777 0 X WWW.CHAMINADE.EDU X 1957 HI CHAMINADE UNIVERSITY OFFERS ITS STUDENTS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES THEM FOR LIFE, SERVICE, AND SUCCESSFUL CAREERS. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS, CHAMINADE ENCOURAGES THE DEVELOPMENT OF MORAL CHARACTER, PERSONAL COMPETENCIES, AND A COMMITMENT TO BUILD A JUST AND PEACEFUL SOCIETY. THE UNIVERSITY OFFERS BOTH THE CIVIC AND CHURCH COMMUNITIES OF THE PACIFIC REGION ITS ACADEMIC AND INTELLECTUAL RESOURCES IN THE PURSUIT OF COMMON AIMS. 35 30 877 35 0 0 15085938 14409945 48316740 49288064 2804340 514541 313395 349806 66520413 64562356 18564348 18760033 0 0 25810296 27882821 0 0 1803269 18517913 18335491 62892557 64978345 3627856 -415989 100777936 103384806 29300621 31848124 71477315 71536682 X CHAMINADE UNIVERSITY OFFERS ITS STUDENTS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES THEM FOR LIFE, WORK AND SERVICE. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS, CHAMINADE ENCOURAGES THE (SEE SCHEDULE O) DEVELOPMENT OF MORAL CHARACTER AND PERSONAL COMPETENCIES, AND THE COMMITMENT TO BUILD A JUST AND PEACEFUL SOCIETY. THE UNIVERSITY OFFERS THE CIVIC AND CHURCH COMMUNITIES OF THE PACIFIC REGION ITS ACADEMIC AND INTELLECTUAL RESOURCES IN THE PURSUIT OF COMMON AIMS. 0 0 50886996 18760033 46008356 CHAMINADE OFFERS AN EDUCATION IN A COLLABORATIVE LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR LIFE, SERVICE AND SUCCESSFUL CAREERS. GUIDED BY ITS CATHOLIC, MARIANIST AND LIBERAL ARTS EDUCATIONAL TRADITIONS AND ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION, CHAMINADE PROVIDES 2200 STUDENTS WITH 28 UNDERGRADUATE DEGREE PROGRAMS, TWO CERTIFICATE PROGRAMS, SIX GRADUATE PROGRAMS, AND 15 DEGREE OPPORTUNITIES FOR WORKING ADULTS. 4676519 3279708 AUXILIARY ENTERPRISES AT CHAMINADE INCLUDE A 300 STUDENT RESIDENCE HALL PROGRAM; DINING SERVICES FEATURING THE SILVERSWORD CAFE AND COURTYARD POD MARKET; NCAA PACIFIC WEST CONFERENCE DIVISION II ATHLETIC PROGRAM ANNUALLY HOSTING THE MAUI JIM MAUI INVITATIONAL BASKETBALL TOURNAMENT; CAMPUS BOOKSTORE. 55563515 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 X 3701 0 1 877 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 35 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHOONG LIM 8087354831 3140 WAIALAE AVENUE HONOLULU HI 96816 BENNETTE M MISALUCHA REGENT 0.30 X 0 0 0 BRO EDWARD A VIOLETT REGENT 0.30 0.30 X 0 0 0 BRO JESSE O'NEILL EX OFFICIO 0.30 X 0 0 0 BRO RONALD OVERMAN REGENT 0.30 X 0 0 0 BRO WILLIAM J CAMPBELL REGENT 0.30 X 0 0 0 CAROLYN BERRY WILSON REGENT 0.30 X 0 0 0 DANIEL D GOO REGENT 0.30 X 0 0 0 DANIEL L COLIN REGENT 0.30 X 0 0 0 FR OSCAR VASQUEZ CHANCELLOR/EX OFFICIO 0.30 X 0 0 0 GARY E LIEBL EMERITUS REGENTS 0.30 X 0 0 0 HON PATRICK KSL YIM REGENT 0.30 X 0 0 0 ISMAEL EUSTAQUIO REGENT 0.30 X 0 0 0 JEAN ROLLES REGENT 0.30 X 0 0 0 JEANNINE M WIERCINSKI REGENT 0.30 X 0 0 0 JERRY J CORREA REGENT 0.30 X 0 0 0 JOHN D FIELD CHAIR/REGENT 0.30 X 0 0 0 KAREN KNUDSEN REGENT 0.30 X 0 0 0 KEIKI-PUA S DANCIL REGENT 0.30 X 0 0 0 LANCE A MIZUMOTO REGENT 0.30 X 0 0 0 LAURIE TOM REGENT 0.30 X 0 0 0 LESLEY J BREY REGENT 0.30 X 0 0 0 MARTHA B SMITH REGENT 0.30 X 0 0 0 MELISSA CHING BENJAMIN REGENT 0.30 X 0 0 0 MICHAEL KERR EX OFFICIO 0.30 X 0 0 0 MICHAEL M ROCKERS REGENT 0.30 X 0 0 0 RALPH MESICK REGENT 0.30 X 0 0 0 RICHARD F WACKER REGENT 0.30 X 0 0 0 ROY J PANZARELLA SECOND VICE CHAIR/REGENT 0.30 X 0 0 0 RUTH ANN BECKER SECRETARY/REGENT 0.30 X 0 0 0 SHELLEY J WILSON FIRST VICE CHAIR/REGENT 0.30 X 0 0 0 TERRENCE L WALSH REGENT 0.30 X 0 0 0 VIOLETA A ARNOBIT REGENT 0.30 X 0 0 0 BRO JOSEPH MARKEL REGENT 0.30 X 0 0 0 LORI FORMAN REGENT 0.30 X 0 0 0 RODNEY HARANO REGENT 0.30 X 0 0 0 ALISON A JEROME VP OF STUDENT AFFAIRS 40.00 X 110300 0 15003 AYDEEN AULANI KAANOI VP OF FINANCE & FACILITIES 40.00 X 128643 0 29529 CHRISTINE M DENTON VP OF HR AND LEGAL AFFAIRS 40.00 X 110306 0 23451 DIANE PETERS NGUYEN VP OF INSTITUTIONAL ADVANCEMENT 40.00 0.30 X 235068 0 36394 LISA K FURUTA VP OF COMMUNICATION AND MARKETING 40.00 X 103962 0 29700 LYNN BABINGTON PRESIDENT/EX OFFICIO 40.00 X 449159 0 43208 EVA WASHBURN-REPOLLO PRESIDENT OF FACULTY SENATE/EX OFFICIO 40.00 X 68671 0 13896 EDWARD F DEVINE VP OF ENROLLMENT MANAGEMENT 40.00 X 37324 0 589 HELEN TURNER VP OF INNOVATION 40.00 X 197844 0 19562 LANCE ASKILDSON PROVOST 40.00 X 152168 0 10723 DALE FRYXELL PROFESSOR/INTERIM DEAN 40.00 X 320411 0 17259 DARREN IWAMOTO ASSOCIATE PROFESSOR 40.00 X 161407 0 26633 DAVID COLEMAN PROFESSOR 40.00 X 150107 0 18688 ROBERT SANTEE PROFESSOR/DEAN 40.00 X 166950 0 8347 JOHN WEBSTER DIRECTOR OF HOGAN ENTREPRENURIAL PROGRAM 40.00 X 165432 0 1239 RICHARD Y KIDO FORMER PRESIDENT OF FACULTY SENATE/EX OFFICIO 40.00 X 127115 0 15045 HELEN WHIPPY FORMER PROVOST 40.00 X 110780 0 10897 2795647 0 320163 48 1 1 0 ARAMARK SERVICES INC C/O ARAMARK CHICAGO LOCKBOX 27310 N CHICAGO IL 606731273 FOOD SERVICES 1087758 ALLIED BUILDERS SYSTEM 1717 AKAHI STREET HONOLULU HI 968194265 CONSTRUCTION/RENOVATION 738046 CAROLINE COLLEGE PASTORAL INSTITUTE NEPWUKOS WENO CHUUK FM 96942 EDUCATION 649626 ELLUCIAN COMPANY L P 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 606930625 SOFTWARE AND SERVICES 621752 ALLIED UNIVERSAL SECURITY SVCS PO BOX 31001-2374 PASADENA CA 911102374 SECURITY 413979 15 118064 9189372 5102509 14409945 TUITION AND FEES 900004 46008356 46008356 AUXILIARY REVENUE 900004 3279708 3279708 49288064 585922 585922 4223200 4294581 -71381 -71381 -71381 60715 118064 63840 -3125 -3125 OTHER INCOME 900099 309331 309331 BOOKSTORE INCOME 900099 43600 43600 352931 64562356 49288064 0 864347 X 18760033 18760033 1968424 1968424 21147804 18780132 1352601 1015071 836001 679186 120105 36710 2334450 1896559 335382 102509 1596142 1296741 229312 70089 102451 102451 36298 36298 147073 147073 591081 454558 41641 94882 1746602 1460511 234730 51361 950632 61714 886712 2206 4986705 4172884 789610 24211 645644 627178 11423 7043 21192 21192 78380 78380 4050686 3436461 560101 54124 393724 362585 28914 2225 ACADEMIC SUPPORT 485492 471264 14228 MAINTENANCE 336830 335423 1407 0 FOOD, ROOM & BOARD 271739 252004 0 19735 DUES & SUBSCRIPTIONS 266107 192645 65362 8100 3224855 2221186 688666 315003 64978345 55563515 7611561 1803269 X 679850 1899089 5538163 9149214 6519712 6296254 1460006 990012 372829 636869 111594750 52000245 62291550 59594505 19037784 19910162 4878042 4908701 100777936 103384806 4552398 3710103 1459419 1220655 21164880 20763610 2123924 6153756 29300621 31848124 X 45268451 44286208 26208864 27250474 71477315 71536682 100777936 103384806 X -415989 331325 144031 X X 0 1 X 1 1 1 X 13131748 13346183 15472660 15085938 14409945 71446474 13131748 13346183 15472660 15085938 14409945 71446474 5616266 65830208 4043763 2028776 1017691 3117735 585922 10793887 82240361 241333265 0.80050 0.82240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154104 X 0 20028045 257398 515329 328887 20471885 19047211 525427 830011 374604 20028045 16865864 1442191 1138282 399126 19047211 14442790 1380507 1383739 341171 16865864 14575186 320151 61110 248149 265507 14442790 0.73000 0.27000 1 0 637000 637000 94223460 40026041 54197419 16684299 11974204 4710095 49991 49991 59594505 DEPOSITS 219469 CAPITAL LEASE OBLIGATION 1762487 NOTES PAYABLE 4171800 6153756 X 49125404 331325 2783880 144036 3259241 45866163 18696193 18696193 64562356 49066037 2783880 2783880 46282157 18696188 18696188 64978345 PART III, LINE 4: IN FYE JUNE 30, 2011, THE ORGANIZATION PURCHASED A FINE ART EDITION OF THE ST. JOHN'S BIBLE. THE BIBLE IS A WORK OF ART AND A WORK OF THEOLOGY. THE VISION AND VALUES OF THE BIBLE ARE TO IGNITE IMAGINATION, GLORIFY GOD'S WORD, REVIVE TRADITION, DISCOVER HISTORY, FOSTER THE ARTS, AND GIVE VOICE. THE ST. JOHN'S BIBLE, ON PUBLIC EXHIBITION, PROVIDES EDUCATION TO STUDENTS BY PROVIDING OPPORTUNITIES TO EXPLORE THE VARIOUS SUBJECTS WRITTEN AND ILLUMINATED IN THE BIBLE. CHAMINADE PLANS TO USE THE BIBLE IN LITURGIES MARKING EVENTS OF GREATEST SIGNIFICANCE IN CAMPUS LIFE, SUCH AS GRADUATIONS AND INSTALLATIONS. CHAMINADE WILL ALSO MAKE IT AVAILABLE FOR USE BY THE DIOCESE OF HONOLULU FOR SIMILAR OCCASIONS, SUCH AS THE ANNUAL RED MASS FOR HAWAII'S POLITICAL LEADERS AND THE OPENING OF THE ACADEMIC YEAR MASS WITH THE CATHOLIC SCHOOL TEACHERS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND PROGRAM EXPENSES. PART X, LINE 2: IN EVALUATING A TAX POSITION FOR RECOGNITION, MANAGEMENT JUDGMENTALLY EVALUATES WHETHER IT IS MORE-LIKELY-THAN-NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX POSITION IS MEASURED AND RECOGNIZED IN THE UNIVERSITY'S FINANCIAL STATEMENTS AS THE LARGEST AMOUNT OF TAX BENEFIT THAT, IN MANAGEMENT'S JUDGMENT, IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE UNIVERSITY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2020 AND 2019. INTEREST AND PENALTIES, IF ANY (NONE IN 2020 OR 2019), ARE INCLUDED IN INSTITUTIONAL SUPPORT EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN NET ASSETS OF CUEF 144,036. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -63,840. TUITION DISCOUNTS & SCHOLARSHIPS 15,077,661. FEDERAL GRANTS 3,682,374. ROUNDING -2. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS & SCHOLARSHIPS 15,077,661. FEDERAL GRANTS NETTED AGAINST REVENUE 3,682,374. FUNDRAISING EXPENSES -63,840. ROUNDING -7. PART V, LINE 1: PLEDGE RECEIVABLES THAT ARE EXPECTED TO BE COLLECTED IN FUTURE YEARS ARE RECORDED AT THE PRESENT VALUE OF THEIR ESTIMATED FUTURE CASH FLOWS USING RISK-FREE INTEREST RATES IN THE YEAR IN WHICH THE PLEDGES ARE MADE. DURING THE FISCAL YEAR ENDED JUNE 30, 2020, A RESTATEMENT OF AN EXISTING DISCOUNTED PLEDGE RECEIVABLE WAS IMPLEMENTED DUE TO AN EXTENSION OF THE AMORTIZATION PERIOD. AS A RESULT, THE FISCAL YEARS ENDED JUNE 30, 2019 AND 2018 INCLUDE A PRIOR PERIOD ADJUSTMENT AS REFLECTED IN LINES 1A THROUGH 1G. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY" IS AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY CATALOG, STUDENT HANDBOOK AND CHAMINADE WEBSITE (WWW.CHAMINADE.EDU) SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES VARIOUS FEDERAL GOVERNMENT GRANTS SUCH AS THE PELL GRANT, TEACH GRANT, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT. EAST ASIA AND THE PACIFIC - AUSTRALIA, CHUUK, CHINA, JAPAN, KOREA, PHILIPPI PROGRAM SERVICES MACAU MBA PROGRAM, HOGAN CHINA STUDY MISSION, CONFERENCES, MEETINGS & RESEARCH, CHUUK ONLINE UNDERGRADUATE EDUCATION. 23518 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES PROGRAM SERVICES CONFERENCE & RECRUITMENT 3643 RUSSIA AND NEIGHBORING STATES PROGRAM SERVICES CONFERENCE & RECRUITMENT 2000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL. PROGRAM SERVICES HOGAN INDIA STUDY MISSION 2839 0 0 0 0 0 0 32000 0 32000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: ATHLETICS GALA 140500 114914 25586 2000 37180 GOLF TOURNAMENT 38279 3150 35129 1645 1673 5356 15986 178779 118064 60715 1645 1673 7356 53166 63840 -3125 1 SCHOLARSHIPS & GRANTS 913 13873852 PART I, LINE 2: THE SCHOOL PROVIDES GRANTS IN THE FORM OF CREDITS AGAINST TUITION INVOICES. GRANT FUNDS ARE NOT ACTUALLY DISBURSED FROM THE SCHOOL. X 0 1 X X X 0 0 0 0 0 0 0 0 0 AYDEEN AULANI KAANOI VP OF FINANCE & FACILITIES 128643 0 0 0 0 0 6432 0 23724 0 158799 0 0 0 DIANE PETERS NGUYEN VP OF INSTITUTIONAL ADVANCEMENT 235068 0 0 0 0 0 11498 0 25620 0 272186 0 0 0 LYNN BABINGTON PRESIDENT/EX OFFICIO 449159 0 0 0 0 0 25850 0 18050 0 493059 0 0 0 HELEN TURNER VP OF INNOVATION 197844 0 0 0 0 0 9892 0 10400 0 218136 0 0 0 LANCE ASKILDSON PROVOST 152168 0 0 0 0 0 0 0 10775 0 162943 0 0 0 DALE FRYXELL PROFESSOR/INTERIM DEAN 320411 0 0 0 0 0 16021 0 1988 0 338420 0 0 0 DARREN IWAMOTO ASSOCIATE PROFESSOR 161407 0 0 0 0 0 8070 0 18960 0 188437 0 0 0 DAVID COLEMAN PROFESSOR 150107 0 0 0 0 0 7505 0 11815 0 169427 0 0 0 ROBERT SANTEE PROFESSOR/DEAN 166950 0 0 0 0 0 8347 0 740 0 176037 0 0 0 JOHN WEBSTER DIRECTOR OF HOGAN ENTREPRENURIAL PRO 165432 0 0 0 0 0 0 0 2099 0 167531 0 0 0 RICHARD Y KIDO FORMER PRESIDENT OF FACULTY SENATE/E 127115 0 0 0 0 0 6356 0 9270 0 142741 0 0 0 HELEN WHIPPY FORMER PROVOST 110780 0 0 0 0 0 5407 0 5952 0 122139 0 0 0 PART I, LINE 1A THE EXEMPT ORGANIZATION PAYS FOR HEALTH OR SOCIAL CLUB DUES ON BEHALF OF PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. AMOUNTS PAID ARE TO FACILITATE BUSINESS ACTIVITIES CONDUCTED BY SUCH PERSONS AT THE CLUB. CLUB DUES ARE PAID ON BEHALF OF LYNN BABINGTON, JOHN WEBSTER, AND DIANE PETERS-NGUYEN. AS ALL DUES PAID ARE TO FACILITATE BUSINESS ACTIVITIES, THE CLUB DUES QUALIFY AS WORKING CONDITION FRINGE BENEFITS AND ARE NOT REQUIRED TO BE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE EXEMPT ORGANIZATION DOES NOT FOLLOW A WRITTEN POLICY SPECIFICALLY FOR HEALTH OR SOCIAL CLUB DUES. HOWEVER, WRITTEN DOCUMENTATION IS REQUIRED FOR ALL CHARGES INCURRED ON THE MONTHLY DUES STATEMENTS. ADDITIONALLY, ALL REIMBURSEMENTS ARE PAID DIRECTLY TO THE CLUB. A CHAMINADE UNIVERSITY OF HONOLULU 990272261 419800GS0 2015-12-01 22595000 FURTHERANCE OF ENTITY'S CHARITABLE PURPOSE 0 0 0 A 22595000 1502734 643679 13283183 2016 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 NA 0 0 0 NA 0 0 1 A 0 SCHEDULE K, PART IV, ARBITRAGE: QUESTIONS 4D-4E AND 5D ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. SCHEDULE K, PART I, BOND ISSUES: LINE A INCLUDES THE FOLLOWING BOND CUSIPS: 419800GS0 419800GT8 419800GU5 419800GV3 HAWAIIAN ELECTRIC ENTITY OF WHICH A CURRENT DIRECTOR SERVED AS AN OFFICER OR DIRECTOR OF 1289989 UTILITIES - ELECTRICITY 0 FORM 990, PART V: QUESTIONS 7G AND 7H ARE NOT APPLICABLE TO THE EXEMPT ORGANIZATION. AS SUCH, THEY HAVE BEEN MARKED NO. FORM 990, PART VI, SECTION A, LINE 6 CHAMINADE'S MEMBERS CONSIST OF THE PROVINCIAL OF THE MARIANIST PROVINCE OF THE UNITED STATES, CHAMINADE CHAIR OF BOARD, THE PRESIDENT OF CHAMINADE AND THE OTHER MEMBERS OF THE PROVINCIAL COUNCIL OF THE MARIANIST PROVINCE OF THE UNITED STATES. THE MEMBERS HAVE THE AUTHORITY TO ELECT MEMBERS OF CHAMINADE'S GOVERNING BODY AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY, AMONG OTHER SIMILAR POWERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF CHAMINADE HAVE THE AUTHORITY TO RATIFY NOMINEES FOR THE POSITION OF PRESIDENT OF CHAMINADE UNIVERSITY OF HONOLULU AND TO RATIFY NOMINEES FOR THE BOARD OF REGENTS AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS NOTICED FOR THE ELECTION OF REGENTS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF CHAMINADE HAVE THE AUTHORITY TO: (A) APPROVE THE MERGER OR CONSOLIDATION OF CHAMINADE WITH ANOTHER CORPORATION OR ENTITY; (B) APPROVE THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF CHAMINADE, OTHER THAN IN THE USUAL AND REGULAR COURSE OF ITS BUSINESS; (C) APPROVE THE PARTIAL OR TOTAL DISSOLUTION OF CHAMINADE; (D) AMEND CHAMINADE'S ARTICLES OF INCORPORATION PURSUANT TO THE PROCEDURES SET FORTH BY STATUTE; (E) RATIFY NOMINEES FOR THE POSITION OF PRESIDENT OF CHAMINADE UNIVERSITY OF HONOLULU; (F) RATIFY NOMINEES FOR THE BOARD OF REGENTS OF CHAMINADE AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS NOTICED FOR THE ELECTION OF REGENTS; AND (G) REMOVE A REGENT, WITH OR WITHOUT CAUSE, AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERS NOTICED FOR THE REMOVAL OF THE REGENTS, PROVIDED, HOWEVER ANY VACANCIES MAY BE FILLED BY THE BOARD OF REGENTS IN ACCORDANCE WITH THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 WILL BE SUBMITTED TO ALL MEMBERS OF THE AUDIT COMMITTEE AT THEIR FEBRUARY 2021 MEETING FOR REVIEW PRIOR TO FINALIZATION & FILING. AFTER THE AUDIT COMMITTEE'S APPROVAL, THE 990 WILL BE MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, IN JULY/AUGUST, THE PRESIDENT'S OFFICE EMAILS THE CONFLICT OF INTEREST FORMS TO EACH CURRENT MEMBER OF THE BOARD OF REGENTS, PRESIDENT'S LEADERSHIP COUNCIL AND PROVOST'S CABINET. FORMS ARE THEN SENT BACK TO THE PRESIDENT'S OFFICE, WHO REVIEWS THE COMPLETED FORMS AND TRACKS WHICH FORMS MAY STILL BE OUTSTANDING. FORM 990, PART VI, SECTION B, LINE 15 FOR THE ORGANIZATION'S PRESIDENT, THE BOARD NEGOTIATES THE CONTRACT IN CONJUNCTION WITH THE UNIVERSITY LEGAL COUNSEL. FOR OTHER OFFICERS OR KEY EMPLOYEES, COMPENSATION IS NEGOTIATED BY THE PRESIDENT OF THE UNIVERSITY WHO CONSULTS WITH THE PERSONNEL OFFICE & COMPARES COMPENSATION WITH PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS & CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE & UPON REQUEST. FORM 990, PART IX: DURING THE FISCAL YEAR ENDED JUNE 30, 2012, CHAMINADE UNIVERSITY ENTERED INTO A LONG-TERM POWER PURCHASE AGREEMENT TO PURCHASE THE ENERGY GENERATED BY A SOLAR ELECTRIC GENERATING FACILITY. MANAGEMENT HAS RECOGNIZED A CAPITAL LEASE FOR THE ESTIMATED PAYMENTS RELATED TO THE SYSTEM. ALTHOUGH FOR TAX PURPOSES THE AGREEMENT WOULD NOT FALL UNDER THE DEFINITION OF A CAPITAL LEASE, THE POWER PURCHASE AGREEMENT WILL BE ACCOUNTED FOR AS A CAPITAL LEASE ON THE FORM 990 IN KEEPING WITH THE BOOKS AND RECORDS OF THE ORGANIZATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, AN ADDENDUM WAS CREATED TO INCREASE THE SIZE OF THE SOLAR POWER SYSTEM PREVIOUSLY INSTALLED. THE ADDITIONAL SOLAR POWER INSTALLED UNDER THIS ADDENDUM IS AN ADDITION TO THE EXISTING AGREEMENT AND WILL FOLLOW ALL THE RATES AND TERMS OF THE AGREEMENT. FORM 990, PART X, LINE 25: ON APRIL 20, 2020, THE UNIVERSITY RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $4,171,800, UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) AS PART OF THE CARES ACT. THE PROMISSORY NOTES MATURE TWO YEARS FROM THE DATE OF THE FIRST DISBURSEMENT OF THE LOAN AND BEAR INTEREST AT A RATE OF 1.00% PER ANNUM. THE LOAN AND ACCRUED INTEREST MAY BE FORGIVEN AS LONG AS THE UNIVERSITY USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, INCLUDING PAYROLL COSTS, DURING THE 24 WEEK PERIOD BEGINNING ON THE DATE OF FIRST DISBURSEMENT OF THE LOAN. THE UNIVERSITY HAS USED THE LOAN PROCEEDS FOR PURPOSES CONSISTENT WITH THE PPP AND BELIEVES THAT THEY HAVE MET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. AS OF JUNE 30, 2020, THE UNIVERSITY DID NOT YET APPLY FOR FORGIVENESS OF THE LOAN AND HAS RECORDED THE PROCEEDS AS NOTES PAYABLE ON THE STATEMENT OF FINANCIAL POSITION. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF CUEF 144,036. ROUNDING -5. FORM 990, PART XII, LINE 2C: THE OVERSIGHT & SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MARIANIST CENTER OF HAWAII 3140 WAIALAE AVENUE HONOLULU HI 96816 990142275 EDUCATIONAL HI 501(C)(3) SEC. 170(B)(1)(A)(I) N/A 0 MARIANIST PROVINCE OF THE UNITED STATES 4425 W PINE ST LOUIS MO 63108 030415363 RELIGIOUS MO 501(C)(3) SEC. 170(B)(1)(A)(I) N/A 0 CHAMINADE UNIVERSITY EDUCATIONAL FOUNDATION C/O 1088 BISHOP STREET 1009 HONOLULU HI 96813 996007124 SCHOLARSHIP FOUNDATION HI 501(C)(3) SEC. 509(A)(3) N/A 0 CHARITABLE REMAINDER TRUST PROVIDE FUNDING TO SUPPORT ATHLETIC FACILITIES HI CHAMINADE UNIVERSITY OF HONOLULU T 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 MARIANIST CENTER OF HAWAII K 2783900 FAIR MARKET VALUE MARIANIST PROVINCE OF THE UNITED STATES P 69416 CASH MARIANIST PROVINCE OF THE UNITED STATES R 247660 CASH MARIANIST PROVINCE OF THE UNITED STATES C 500000 CASH CHAMINADE UNIVERSITY EDUCATIONAL FOUNDATION C 75000 CASH