2021-04-14T13:02:59-05:00 2020-05-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2019-06-01 741193459 SCHREINER UNIVERSITY SCHR 8307927408 2100 MEMORIAL BLVD KERRVILLE TX 78028 BILL MUSE VICE PRESIDENT FOR ADMIN & FINANCE 8307927408 2021-04-14 1 LAWRENCE H MOHR CPA P00447603 6128764500 2021-04-14 2019 2022-09-23 18:48:47Z BILL MUSE 2100 MEMORIAL BLVD KERRVILLE TX 78028 49965874 0 X WWW.SCHREINER.EDU X 1923 TX SCHREINER UNIVERSITY OFFERS A PERSONALIZED, INTEGRATED EDUCATION THAT PREPARES ITS STUDENT FOR MEANINGFUL WORK AND PURPOSEFUL LIVES IN A CHANGING GLOBAL SOCIETY. 31 31 448 198 0 0 4920650 5372692 41116242 39726137 4862643 3270111 -772601 65725 50126934 48434665 14199162 14292321 0 0 17824838 17611162 0 0 600812 18071249 17383506 50095249 49286989 31685 -852324 164600689 164522371 40101943 40499359 124498746 124023012 X AT SCHREINER UNIVERSITY, STUDENTS ENTER WITH HOPE AND LEAVE WITH ACHIEVEMENT. WE ARE A DIVERSE, FIERCELY INDEPENDENT UNIVERSITY. WE ARE AFFILIATED BY CHOICE AND COVENANT WITH THE PRESBYTERIAN CHURCH (USA) WITH A MAIN CAMPUS IN THE TEXAS HILL COUNTRY AND FIRST YEAR CAMPUSES THROUGHOUT THE STATE. SCHREINER UNIVERSITY IS A PLACE OF OPPORTUNITY. WE OFFER UNDERGRADUATE AND GRADUATE STUDENTS A PERSONALIZED, INTEGRATED, AND HOLISTIC EDUCATIONAL EXPERIENCE THAT PREPARES THEM FOR MEANINGFUL WORK AND PURPOSEFUL LIVES IN A CHANGING GLOBAL SOCIETY. STUDENTS STUDY IN-DEPTH IN A SPECIFIC AREA OF INTEREST WHILE ACQUIRING BROAD SKILLS AND HABITS OF MIND TO NAVIGATE A COMPLEX, DIVERSE, AND UNSCRIPTED FUTURE. 0 0 14292321 14292321 31676234 INSTRUCTIONAL PROGRAMS:SCHREINER UNIVERSITY OFFERS CERTIFICATE PROGRAMS IN VOCATION NURSING AND EDUCATION AS WELL AS UNDERGRADUATE DEGREES IN LIBERAL ARTS, SCIENCES AND MATHEMATICS, AND PROFESSIONAL STUDIES. THE UNIVERSITY ALSO HAS GRADUATE PROGRAMS FOR A MASTER OF EDUCATION DEGREE AND A MASTER OF BUSINESS ADMINISTRATION. 8546416 AUXILIARY ENTERPRISES:AN AUXILIARY ENTERPRISE PROVIDES GOODS OR SERVICES TO STUDENTS, FACULTY, STAFF, OTHER INSTITUTIONAL DEPARTMENTS, OR INCIDENTALLY TO THE GENERAL PUBLIC, AND CHARGES A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. EXAMPLES ARE RESIDENCE HALLS, FOOD SERVICES, AND BOOKSTORE. 7395692 STUDENT SERVICES:STUDENT SERVICES PROVIDE SERVICES TO STUDENTS WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. IT INCLUDES EXPENSES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION, AND STUDENT HEALTH SERVICE. 7630938 OTHER PROGRAMS INCLUDE AUXILIARY EXTERPRISES (HOUSING, BOARD SERVICES, BOOKSTORE, MAIL CENTER, PRINT SHOP, CAMPS AND EVENTS) AS WELL AS ACADEMIC SUPPORT. 7630938 37865367 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 64 0 1 448 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X BILL MUSE 8307927408 2100 MEMORIAL BLVD KERRVILLE TX 78028 CHARLIE MCCORMICK PRESIDENT 40.00 X 258506 0 34438 ALBERT MUSE VP ADMIN & FINANCE 40.00 X 157990 0 21943 MARK TUSCHAK VP ADVANCEMENT 40.00 X 150164 0 28556 TRAVIS FRAMPTON PROVOST/VP ACADEMIC AFFAIRS 40.00 X 69685 0 9605 DAVID SMITH DIRECTOR OF MARKETING & COMM. 40.00 X 114651 0 13984 DIANA COMUZZIE DEVELOPER OF HEALTH PROF. PROGRAM 40.00 X 115854 0 26293 LUCIEN COSTLEY AVP INST. PLANNING & FIN. SERV. 40.00 X 105876 0 6000 REXFORD QUICK AVP & CIO INFO TECH SERVICES 40.00 X 103312 0 18579 T WEIR LABATT III TRUSTEE/BOARD CHAIR 1.00 X X 0 0 0 JANET MCKINNEY TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 DR CAROL MCDONALD TRUSTEE/SECRETARY 1.00 X X 0 0 0 JAMES ALSUP TRUSTEE 1.00 X 0 0 0 CECIL ATKISSION TRUSTEE 1.00 X 0 0 0 THOMAS BALDWIN TRUSTEE 1.00 X 0 0 0 BUD BENNING TRUSTEE 1.00 X 0 0 0 DR JO BERAN TRUSTEE 1.00 X 0 0 0 JOHN BRANTLEY TRUSTEE 1.00 X 0 0 0 RICHARD CREE TRUSTEE 1.00 X 0 0 0 BECKY FERGUSON TRUSTEE 1.00 X 0 0 0 WARREN FERGUSON TRUSTEE 1.00 X 0 0 0 GERALD GRIFFIN TRUSTEE 1.00 X 0 0 0 DEREK HANSEN TRUSTEE 1.00 X 0 0 0 WILLIAM HARRISON TRUSTEE 1.00 X 0 0 0 DANIEL HART TRUSTEE (PART-YEAR) 1.00 X 0 0 0 BRETT LINDIG TRUSTEE 1.00 X 0 0 0 REV DR ROBERT LOHMEYER TRUSTEE (PART-YEAR) 1.00 X 0 0 0 JACK MCGUIRE TRUSTEE 1.00 X 0 0 0 KEVIN MORIARTY TRUSTEE 1.00 X 0 0 0 LEA NYE TRUSTEE 1.00 X 0 0 0 DANIEL OSTOS TRUSTEE 1.00 X 0 0 0 ROBERT PARKER TRUSTEE 1.00 X 0 0 0 MICHAEL PATE TRUSTEE 1.00 X 0 0 0 REV DEAN POGUE TRUSTEE (PART-YEAR) 1.00 X 0 0 0 JANE RAGSDALE TRUSTEE 1.00 X 0 0 0 KARL RANSLEBEN TRUSTEE 1.00 X 0 0 0 DR WILLIAM REID TRUSTEE 1.00 X 0 0 0 ROSS ROMMEL JR TRUSTEE 1.00 X 0 0 0 JD SALINAS TRUSTEE 1.00 X 0 0 0 OTTO SCHWETHELM TRUSTEE 1.00 X 0 0 0 ROBERT SCOTT TRUSTEE 1.00 X 0 0 0 DR CAROL SWANSON TRUSTEE 1.00 X 0 0 0 RON TEFTELLER TRUSTEE 1.00 X 0 0 0 JACK TOMPKINS TRUSTEE 1.00 X 0 0 0 DAVID WEEKLEY TRUSTEE 1.00 X 0 0 0 1076038 0 159398 6 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 2104560 CITY NATIONAL BANK 555 S FLOWER ST LOS ANGELES CA 90071 CREDIT CARD PAYMENTS 1096133 HUSER CONSTRUCTION 410 COTTON GIN LANE KERRVILLE TX 78028 CONSTRUCTION 848437 ETECHCAMPUS 28312 NETWORK PLACE CHICAGO IL 606731283 TEXT BOOKS 507974 CENTIMARK CORPORATION PO BOX 536254 PITTSBURG PA 152535904 CONSTRUCTION 456273 19 38911 1876662 3457119 305767 5372692 TUITION AND FEES 611600 31676234 31676234 HOUSING AND MEALS 611710 6689388 6689388 OTHER INCOME 611710 1358697 1358697 MUSEUM & PRINT SHOP 323100 1818 1818 39726137 2709461 2709461 24555 0 24555 24555 24555 1953834 1393184 560650 560650 560650 0 38911 18794 -18794 -18794 179195 119231 59964 59964 48434665 31676234 0 11385739 14292321 14292321 1527670 372034 882453 273183 12444753 9283039 2907188 254526 404258 316821 87437 2275093 1281901 993192 959388 663949 295439 9299 9299 93770 93770 1221951 535941 683432 2578 134527 51115 77728 5684 90602 1936 87455 1211 1186750 950909 203606 32235 1488000 1355643 132357 840383 715021 122013 3349 50664 39386 11278 1315226 1315226 3828863 3699530 129333 476343 54524 421819 OTHER SUPPLIES 3017691 2408075 591554 18062 FOOD SERVICE 2326339 18595 2307744 0 EQUIPMENT & MAINTENANCE 835672 163471 672201 CONTINUING EDUCATION & 103595 90790 10193 2612 363831 255140 101319 7372 49286989 37865367 10820810 600812 8795612 9319697 938625 934636 2581307 2191448 127189 139835 355683 283518 140302109 57290363 82936449 83011746 48087191 48189859 15965835 15818938 4812798 4632694 164600689 164522371 3366295 2488997 1934969 1261698 34521937 33196940 278742 3551724 40101943 40499359 X 64308875 62474699 60189871 61548313 124498746 124023012 164600689 164522371 X -852324 505468 -128878 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72735023 1141612 3997184 2612533 2269417 72991869 74005979 507570 1289882 2386236 682172 72735023 69186376 1475334 6329788 3565314 -579795 74005979 64823267 5559035 6511967 2499071 5208822 69186376 63446714 1141645 2220115 2455023 -469816 64823267 0.19250 0.80750 0.00000 0 0 14467801 14467801 96007568 57290363 38717205 28286141 28286141 1540599 1540599 83011746 SPLIT INTEREST AGREEMENTS 2656608 C OTHER 113100 C BENEFICIAL INTEREST IN TRUSTS 13049230 C 15818938 ASSET RETIREMENT OBLIGATION 296024 PPP LOAN 3255700 3551724 X 35205559 505468 9147 514615 34690944 13743721 13743721 48434665 35681293 138025 138025 35543268 13743721 13743721 49286989 PART V, LINE 4: SCHREINER UNIVERSITY RECEIVES AN ANNUAL DISTRIBUTION OF THE LIQUID ASSETS OF THE INVESTED ENDOWMENT FUNDS TO FURTHER UNIVERSITY OPERATIONS IN ORDER TO MEET THE MISSION OF THE UNIVERSITY. THE MAIN INTENTION IS TO USE THESE FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAD NO SOURCES OF UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX. IN ADDITION, THE IRS HAS DETERMINED THAT THE UNIVERSITY IS NOT A PRIVATE FOUNDATION. HOWEVER, THE UNIVERSITY MAY BE SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME THAT IS DERIVED FROM ACTIVITIES NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE UNIVERSITY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE UNIVERSITY HAS ELECTED TO RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF THEY OCCUR, AS A COMPONENT OF INCOME TAX EXPENSE. MANAGEMENT BELIEVES THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF MAY 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 119,231. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -179,367. GAIN (LOSS) ON BENEFICIAL INTEREST IN TRUSTS 33,207. CHANGE IN VALUE OF ASSET RETIREMENT OBLIGATIONS 17,282. SPECIAL EVENT EXPENSES 18,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 13,743,721. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 119,231. SPECIAL EVENT EXPENSES 18,794. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 13,743,721. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS POSTED ON SCHREINER UNIVERSITY'S EXTERNAL WEBSITE AND PUBLISHED IN THE ACADEMIC CATALOG. IN ADDITION, ALL UNIVERSITY POLICES ARE AVAILABLE TO EMPLOYEES AND STUDENTS WITHIN OUR INTRANET - SCHREINER ONE. SHOOT OUT 38911 38911 14548 2227 2019 38911 38911 14548 2227 2019 18794 -18794 1 SCHOLARSHIPS TO STUDENTS 1391 13743721 EMERGENCY GRANTS TO STUDENTS 924 548600 PART I, LINE 2 THE UNIVERSITY PROVIDES SCHOLARSHIP, GRANT, LOAN, AND WORK STUDY OPPORTUNITIES TO QUALIFIED STUDENTS. THESE FUNDS ARE OFFERED TO STUDENTS ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. EACH PROGRAM HAS DIFFERENT CRITERIA AND EACH CASE IS CONSIDERED SEPARATELY. THERE ARE A WRITTEN POLICY AND GUIDELINES TO ASSIST STUDENTS AS THEY SEEK THE APPROPRIATE FINANCIAL AID PACKAGE. RECORDS ARE MAINTAINED FOR THE GRANTS AWARDED. PART III, EMERGENCY GRANTS TO STUDENTS: EMERGENCY GRANTS TO STUDENTS REPRESENTS THE HIGHER EDUCATION RELIEF FUNDING PROVIDED BY THE CARES ACT FOR DIRECT DISTRIBUTION TO STUDENTS. X X X 0 0 0 0 0 0 0 0 0 CHARLIE MCCORMICK PRESIDENT 243506 0 15000 0 0 0 15900 0 18538 0 292944 0 0 0 ALBERT MUSE VP ADMIN & FINANCE 157990 0 0 0 0 0 9769 0 12174 0 179933 0 0 0 MARK TUSCHAK VP ADVANCEMENT 150164 0 0 0 0 0 9640 0 18916 0 178720 0 0 0 A THE CITY OF TERELL HILLS 521830729 2013-08-30 13678000 REFUNDING BONDS 0 0 0 B THE CITY OF HONDO 463435250 2013-08-30 2500000 CAPITAL EXPENDITURES 0 0 0 C THE CITY OF SHAVANO PARK 741294692 2016-10-04 2000000 CAPITAL EXPENDITURES 0 0 0 D THE CITY OF MARION 611855516 2018-04-10 10000000 CAPITAL EXPENDITURES 0 0 0 A 6806254 13678000 13678000 2015 1 0 1 1 B 2500000 50000 2450000 2016 0 0 1 1 C 515000 2000000 40000 1960000 2018 0 0 1 1 D 5000 10000000 200000 9800000 2019 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE CITY OF HONDO DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2018 A THE CITY OF MARION 611855516 2019-03-28 3000000 CAPITAL EXPENDITURES 0 0 0 B THE CITY OF MARION 611855516 2017-10-05 10000000 CAPITAL EXPENDITURES 0 0 0 A 5000 3000000 60000 1440000 1500000 2019 0 0 0 1 B 10000000 200000 9800000 2018 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 X 2 295967 FMV X SPOTTING SCOPE, SCOPE TRIPOD BASE, TIMER/CLOCK, TARGET, FEINWERKBAU 5 6700 FMV X WINCHESTER LIGHT SHELLS 250 3100 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER PRESENTED IN PART I, COLUMN (B) FOR DONATED SECURITIES REPRESENTS THE NUMBER OF CONTRIBUTORS. THE NUMBER PRESENTED IN PART I, COLUMN (B) FOR DONATED GOODS REPRESENTS THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE SECRETARY (IF A MEMBER OF THE BOARD), AND CHAIR OF EACH OF THE OTHER STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE FULL AUTHORITY TO ADVISE WITH THE PRESIDENT, EXECUTE ORDERS AND/OR SPECIFIC ASSIGNMENTS OF THE BOARD, AND TO TRANSACT SUCH EMERGENCY BUSINESS AS IN ITS OPINION MAY DEMAND ACTION BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE MAY CONSULT WITH THE PRESIDENT TO COORDINATE THE WORK OF THE BOARD, PLAN ALL GENERAL MEETINGS OF THE BOARD, MAINTAIN THE COVENANT RELATIONSHIP WITH THE SYNOD OF THE SUN, PRESBYTERIAN CHURCH (USA), AND PERFORM SUCH OTHER DUTIES AS SHALL BE ASSIGNED BY THE CHAIR OF THE BOARD OR THE BOARD ITSELF. THE EXECUTIVE COMMITTEE SHALL ACT AS A NOMINATING COMMITTEE FOR THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR STRATEGIC PLANNING AND MARKETING. ANY ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AND SHALL BE INCLUDED IN THE OFFICIAL MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE CPA FIRM FROM THE AUDITED FINANCIAL STATEMENTS. THE FORM AND ALL SUPPORTING SCHEDULES ARE REVIEWED BY THE CONTROLLER AND OTHER OFFICERS OF THE UNIVERSITY. THE FORM 990 IS THEN PROVIDED TO THE CHAIRS OF THE AUDIT COMMITTEE VIA EMAIL. THE RETURN IS FILED ELECTRONICALLY PER IRS REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 12C SCHREINER UNIVERSITY HAS A CONFLICT OF INTEREST POLICY THAT COVERS MEMBERS OF THE BOARD OF TRUSTEES AND A POLICY THAT COVERS ALL ADMINISTRATORS, FACULTY AND STAFF. EVERY MEMBER OF THE BOARD OF TRUSTEES SHALL EXECUTE AND DELIVER TO THE OFFICE OF THE PRESIDENT ANNUALLY, ON A FORM TO BE PROVIDED BY THE UNIVERSITY, A CERTIFICATION THAT HE OR SHE HAS READ THE CONFLICT OF INTEREST POLICY, UNDERSTANDS IT, AND TO THE BEST OF HIS OR HER KNOWLEDGE AND BELIEF HAS COMPLIED WITH IT FULLY IN THE PAST AND WILL IN THE FUTURE COMPLY FULLY WITH IT. WHEN IT BECOMES APPARENT TO A TRUSTEE THAT A MATTER PENDING BEFORE THE BOARD GIVES RISE TO A CONFLICT OF INTEREST, THE TRUSTEE SHALL IMMEDIATELY DISCLOSE HIS CONFLICTING INTEREST TO THE BOARD. HE SHALL THEREAFTER TAKE NO PART IN THE DELIBERATIONS ON THE MATTER, AND SHALL REFRAIN FROM VOTING THEREON. IN ORDER TO AVOID THE IMPROPER DISCLOSURE TO THE CONFLICTED TRUSTEE OF SENSITIVE INFORMATION, HE SHALL, ON THE REQUEST OF THE CHAIR OF THE BOARD OR A MAJORITY VOTE OF THE BOARD, ABSENT HIMSELF FROM THE BOARD ROOM WHILE THE MATTER IS UNDER DELIBERATION. THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE IS RESPONSIBLE FOR THE OVERSIGHT OF THE POLICY OVER ALL ADMINISTRATORS, FACULTY AND STAFF. ANY EMPLOYEE WHO HAS ANY INFLUENCE ON TRANSACTIONS INVOLVING UNIVERSITY PURCHASES, CONTRACTS, LEASES, OR BUSINESS MATTERS MUST DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AS SOON AS POSSIBLE THROUGH PROMPT AND COMPLETE DISCLOSURE SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. KEY EMPLOYEES ANNUALLY, ON A FORM TO BE PROVIDED BY THE UNIVERSITY, A CERTIFICATION THAT HE OR SHE HAS READ THE CONFLICT OF INTEREST POLICY, UNDERSTANDS IT, AND TO THE BEST OF HIS OR HER KNOWLEDGE AND BELIEF HAS COMPLIED WITH IT FULLY IN THE PAST AND WILL IN THE FUTURE COMPLY FULLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR RECOMMENDING ANNUALLY TO THE BOARD A COMPENSATION PACKAGE FOR THE PRESIDENT THAT IS COMPETITIVE RELATIVE TO THE UNIVERSITY'S PEER INSTITUTIONS, RECOGNIZES PERFORMANCE, AND ALLOWS THE UNIVERSITY TO RETAIN HIGHLY CAPABLE PRESIDENTIAL LEADERSHIP. SCHREINER UNIVERSITY SUBMITS SALARY INFORMATION BASED ON POSITION JOB CODE AS PART OF THE PARTICIPATION AGREEMENT WITH COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES (CUPA-HR). TO ACCURATELY MEASURE A COMPETITIVE POSITION AMONG COMPARABLE INSTITUTIONS, SALARY BENCHMARKING ANALYSIS IS REFLECTIVE OF CURRENT BENCHMARKING STANDARDS FROM CUPA-HR. THE VALUES ARE ASSESSED ANNUALLY AND THE ANALYSIS IS SHARED WITH THE EXECUTIVE ASSESSMENT AND COMPENSATION COMMITTEE TO DETERMINE COMPENSATION OF THE PRESIDENT. THE COMMITTEE'S RECOMMENDATIONS ARE SUBMITTED FOR REVIEW AND ACTION BY THE EXECUTIVE COMMITTEE BY THE MAY MEETING, WITH FINAL ACTION BY THE BOARD IN EXECUTIVE SESSION IN MAY. ALL PROCEEDINGS ARE DOCUMENTED WITHIN MEETING MINUTES. REGARDING OTHER KEY EMPLOYEES, THE PRESIDENT SIMILARLY WILL CONDUCT ANNUAL PERFORMANCE REVIEWS OF EACH OF THESE INDIVIDUALS, AND WILL REPORT ANNUALLY COMPENSATION ADJUSTMENTS FOR THESE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE BYLAWS ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE FINANCIAL STATEMENTS ARE AVAILABLE IN THE FINANCIAL SERVICES OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -179,367. GAIN (LOSS) ON BENEFICIAL INTEREST IN TRUSTS 33,207. CHANGE IN VALUE OF ASSET RETIREMENT OBLIGATIONS 17,282.