2021-05-17T12:31:55-00:00 2020-06-30 990 2019-07-01 390806251 Marquette University MARQ 4142887933 PO Box 1881 Milwaukee WI 532011881 Ian Gonzalez Vice President for Finance 2021-05-13 false 2019 2022-09-23 18:48:47Z Michael R Lovell PO Box 1881 Milwaukee WI 532011881 911402805 false X www.marquette.edu X 1905 WI As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others. 27 21 7965 663 -160297 64740341 83366965 513100659 532848916 30943000 31925098 36462000 31359571 645246000 679500550 174186567 186846074 0 272989415 274138733 120347 11617870 167505018 164671803 614681000 625776957 30565000 53723593 1517454000 1675810000 390969000 532360000 1126485000 1143450000 X As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others. See Schedule O. false false 310295145 184362145 463864881 Instruction Consistently ranked among the top 100 colleges and universities nationwide, Marquette annually enrolls more than 11,400 students in undergraduate, graduate and professional programs and confers approximately 2,800 degrees annually. Marquette offers 83 undergraduate majors and 72 minors to students in the College of Arts and Sciences, Business Administration, Communication, Education, Engineering, Health Sciences and Nursing. Marquettes graduate and professional programs offer 24 doctoral and 53 masters degree programs, 23 graduate certificate programs, and a School of Dentistry and Law School. The Graduate School of Management has nationally ranked MBA programs as well as specialty masters programs in several business areas. Marquette has Wisconsins only School of Dentistry and one of only two law schools in the state. 62937000 17339176 Student Services We know that learning occurs outside, as well as inside, the classroom. Our core values of excellence, faith, leadership and service are fostered through student participation in our residence hall communities and campus organizations, which include academic and professional groups, club and recreational sports, spiritual activities and community service organizations. Marquettes urban location, just blocks from downtown Milwaukee, gives students ample opportunties for internships, co-op experiences and part-time employment. On campus, professionals in theOffice of Student Affairs, Student Health Service, Counseling Center and Campus Ministry, as well as faculty and other staff, help students as they navigate the challenges of young adult life. Marquette also has an Educational Opportunity Program, which provides academic opportunity and support to first-generation college students, students from under-represented groups or ethnicities and students from low-income families. 64497000 2210776 Academic Support and Library All Marquette undergraduates receive a strong liberal arts foundation through the universitys Core of Common Studies, which includes courses in nine core knowledge areas. Curriculum development is an ongoing process, with faculty support available through the Center for Teaching and Learning and various departmental resources. Programs for faculty development include curriculum enhancement and diversity grants, teaching enhancement wards, fellowship awards for research, young scholar awards and summer faculty fellowships. The Preparing Future Faculty Program encourages the development of graduate students for the multiple roles they will face as faculty members. 129625000 79209799 567354145 true true false true false false false true false true true true false false true true true false true true true true true true true false false true true true true false false false false false true true true false true true false false false true false false false false true X 1393 0 true 7965 true true true true false false false true true false false false false false false false false false false false 27 21 true false false false false false false true true false false true true true true true true true true false X X X Dennis J Butler 4142887933 PO Box 1881 Milwaukee WI 532011881 X Mr Steven M Wojciechowski Mens Basketball Head Coach 040.00 X 3191293 0 0 Dr Michael R Lovell President 040.00 X X 874573 0 0 Ms Megan Duffy Womens Basketball Head Coach 040.00 X 603064 0 0 Mr William G Scholl VP Director Athletics 040.00 X 489873 0 0 Mr Stanton Johnson Mens Basketball Associate Head Coach 040.00 X 451193 0 0 Mr David D Lawlor Former Officer X 444399 0 0 Mr Joseph D Kearney Dean Law School 040.00 X 438244 0 0 Mr Joel S Pogodzinski Treasurer 040.00 X 420514 0 0 Dr James K Ah Yun Vice President 040.00 X 332750 0 0 Dr Kristina M Ropella Dean Engineering 040.00 X 320812 0 0 Mr Sean Gissal Chief Investment Officer 040.00 X 297448 0 0 Ms Cynthia M Bauer Assistant Secretary 040.00 X 294145 0 0 Dr Janet Wessel Krejci Dean Nursing 040.00 X 283357 0 0 Dr William E Cullinan Dean Health Sciences 040.00 X 269037 0 0 Mr Steven W Frieder Secretary 040.00 X 157400 0 0 Mr Ian Gonzalez Assistant Treasurer 040.00 X 46211 0 0 Mr Todd A Adams Trustee 001.00 X 0 0 0 Ms Joanna M Bauza Trustee 001.00 X 0 0 0 Mr Tim M Bergstrom Trustee 001.00 X 0 0 0 Mr Robert J Eck Trustee 001.00 X 0 0 0 Hon Janine P Geske Trustee 001.00 X 0 0 0 Mr Jon D Hammes Trustee 001.00 X 0 0 0 Ms Nancy Hernandez Trustee 001.00 X 0 0 0 Rev Thomas A Lawler SJ Trustee 001.00 X 0 0 0 Mr Patrick S Lawton Trustee 001.00 X 0 0 0 Rev Brian F Linnane SJ Trustee 001.00 X 0 0 0 Mr Vincent P Lyles Trustee 001.00 X 0 0 0 Mr Raymond J Manista Trustee 001.00 X 0 0 0 Rev Patrick McGrath SJ Trustee 001.00 X 0 0 0 Ms Kelly McShane Trustee 001.00 X 0 0 0 Mr Micky S Minhas Trustee 001.00 X 0 0 0 Rev Thomas W Neitzke SJ Trustee 001.00 X 0 0 0 Janis M Orlowski MD MACP Trustee 001.00 X 0 0 0 Rev Michael Rozier SJ Trustee 001.00 X 0 0 0 Ms Amy Ford Souders Trustee 001.00 X 0 0 0 Mr Owen J Sullivan Trustee 001.00 X 0 0 0 Mr Christoper J Swift Trustee 001.00 X 0 0 0 Ms Margaret M Troy Trustee 001.00 X 0 0 0 Mr Joseph A Walicki Trustee 001.00 X 0 0 0 Mr Thomas H Werner Trustee 001.00 X 0 0 0 Hon James A Wynn Jr Trustee 001.00 X 0 0 0 Rev Michael A Zampelli SJ Trustee 001.00 X 0 0 0 8914313 467 true true false C D Smith Construction Inc 889 E Johnson Street Fond du Lac WI 54935 Construction Services 17190277 Sodexo Inc & Affiliates 1926 W Wisconsin Avenue Suite 250 Milwaukee WI 53233 Food Services 15803245 HSRE Core Holding I LLC 444 W Lake Street Suite 2100 Chicago IL 60606 Student Housing 3684739 Gilbane Smith 101 W Pleasant Street Suite 104 Milwaukee WI 53212 Construction Services 2703241 ORBIS Education Services LLC 301 Pennsylvania Parkway Suite 400 Indianapolis IN 46280 Professional Fees 2583265 88 X 263520 11992517 71110928 14312469 83366965 Tuition and Fees 611710 455476881 455476881 Sales by Educational Departments 611710 8388000 8388000 Auxilliary Departments 611710 46949000 46582474 366526 Fees/Contracts with Governmental Agencies 900099 22035035 22035035 532848916 1772000 -526823 2298823 7098 7098 9324 9324 1524399 1042297 482102 482102 482102 259626000 229480000 30146000 30146000 30146000 111292 263520 111292 2368193 1268666 1099527 1099527 Student Services 900099 17339176 17339176 Educational Programs 900099 2210776 2210776 Restricted Funded Depreciation 900099 6846584 6846584 3372082 3372082 29768618 679500550 562258106 -160297 34035776 2483937 2483937 182807091 182807091 1555046 1555046 0 3296247 873206 2423041 444399 444399 208674613 179489179 20324532 8860902 12782581 8712562 3419095 650924 35525076 32236653 2161332 1127091 13415817 10446530 2353434 615853 0 313844 101997 211847 397507 397507 0 120347 120347 0 12001295 10137944 1849673 13678 2310730 2024929 254519 31281 40919120 40765720 99894 53505 8551099 4798404 3752645 50 0 15364086 13970204 1393817 65 11097880 10305297 707493 85089 0 815663 725120 90519 25 8497793 6525937 1971856 0 41243000 38284600 2958400 4167502 4167502 Equipment and Maintenance 17097239 15856774 1183067 57398 Printing and Publications 1061979 766704 295275 Postage and Shipping 712396 318809 391925 1662 UBIT 120670 120670 0 625776957 567354145 46804940 11617870 33204000 211224000 44707000 54706000 12140833 12761000 729167 625000 34615000 30652000 566148 656000 4226000 2983000 1224438000 583468000 643191000 640970000 343944000 344037000 389164000 367786000 10966852 9410000 1517454000 1675810000 68745000 69538000 32026000 36286000 220020000 224925000 150000000 70178000 51611000 390969000 532360000 X 416803000 407836000 709682000 735614000 1126485000 1143450000 1517454000 1675810000 X 53723593 -10352800 -26405793 X false true X true true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 57715 false false 57715 false III-B 1a, 1b 1g Marquette University employs staff who perform some lobbying activities as part of their job responsibilities. These same employees and senior leadership may have direct contact with legislators, their staffs and government officials. Marquette University pays membership dues to other organizations per the membership invoices. Some of these organizations may lobby on behalf of the membership. X X X X false false false 705476000 34533000 5706000 15252469 14657531 715805000 678408000 20893000 34334000 12055232 16103768 705476000 647227000 21470000 36740000 11914467 15114533 678408000 582489000 22502000 67398000 11174780 13987220 647227000 580950000 28928000 -3149000 10441176 13798824 582489000 0.17000 0.83000 true false 61646000 50276000 830505500 349091500 481414000 166319000 129946500 36372500 165967500 93060000 72907500 640970000 3561000 F Financial derivatives and other financial products 3561000 F Closely-held equity interests Alternative Investments 346149000 F Real Estate Limited Partnerships 18076000 F 367786000 Federal income taxes Payable Under Securities Lending Agreement 9512000 Payable to Beneficiaries Under Split-Interest Agreements 1832000 Refundable Federal Loan Grants 35742500 Postretirement Benefits Payable 4524500 51611000 X 495139000 -10352800 -10352800 505491800 174008750 174008750 679500550 441415000 441415000 184361957 184361957 625776957 III 1a The university has various collections of fine arts and rare books in museums, libraries and on loan. The university does not assign or record a value to art works and other collections received as gifts or purchased with contributions restricted for that purpose. Valuations for some collections are updated periodically, and as such,the total value of all fine arts may vary with apapraisals and/or auction prices. Accordingly, the value of fine art and other collections has been excluded from the statements of financial position. Proceeds, if any, from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The art and other collections are subject to a requirement that proceeds from their sales be used to acquire other items for collections. Fine arts are included in insurance coverage for the university property and a separate policy is also secured for fine art of high value and where appraised values are listed. As of June 30, 2020, the specific policy covering high valued works provides for insured coverage of 100,000,000 aggregate limit subject to policy sublimits, including 3,000,000 for Joan of Arc Chapel for any one loss or one occurence and includes some appraised items from the library collections. III 4 The Haggerty Museum serves as a laboratory for learning focused on visual arts by collecting, exhibiting and interpreting works of art in the context of Marquette University and the City of Milwaukee. The Museums exhibitions and educational programs are designed to contribute to transformational life-long learning and enjoyment of the arts. V 4 Endowment earnings are used for student scholarships, academic program support and general operations. X 2 The University is exempt from federal income tax under Section 501c3 ofthe Internal Revenue Code and Section 71.261a of the Wisconsin statutes and is generally not subject to federal and state income taxes. However, the University is subject to income taxes on any income that is derived from a trade or business regularly carried on, and not in furtherance of the purposes for which it was granted exemption. X 2 The University has adopted FASB ASC Subtopic 740, Income Taxes, related to accounting for uncertainty in income taxes, which prescribes a recognition threshold and measurement of a tax position taken or expected to be taken in a tax return. The interpretation requires that the entity account for and disclose in the financial statements the impact of a tax position if that position will more likely than not be sustained upon examination based on the technical merits of the position. The University has evaluated the financial statement impact of tax positions taken or expected to be taken and determined it has no uncertain tax position that would require tax assets or liabilities to be recorded in accordance with accounting guidance at June 30, 2020 or 2019. X 2 As of June 30, 2020, the University has a federal tax credit carryforward of 3,086,000, which expires between fiscal years 2034 and 2038. XI 4b 184,362,000 tuition discounts, 17,696,000 of endowment income more than designated for current operations. XII 4b 184,362,000 tuition discount. true true true true true true true false false false false false false false false true false true 6a The university receives a variety of federal and state grants. East Asia and the Pacific Program Services International Education 230612 Europe Including Iceland and Greenland Program Services International Education 1168313 South America Program Services International Education 13300 Sub-Saharan Africa 1 1 Program Services International Education 509605 1 1 1 1 1921830 1921830 Scholarship East Asia and the Pacific 26 230612 Cash / Wire FMV Scholarship Europe Including Iceland and Greenland 121 1168313 Cash / Wire FMV Scholarship South America 1 13300 Cash / Wire FMV Scholarship Sub-Saharan Africa 29 142821 Cash / Wire FMV false true true true false Part I Line 2 Students receive aid that is applied toward the tuition expenses for courses taken in the study abroad programs. At the completion of the course, the participating institutions send to Marquette a transcript for each student. The Registrars Office at Marquette certifies the transcripts, then sends them to the Office of International Education or the College of Business Administration dependent on program for further review and evaluation. After this review they are returned to the Registrars Office and course credit, if applicable, is applied to the student records. X X X X X X X true Donald A Campbell & Company One East Wacker Drive Suite 2100 Chicago IL 60601 Campaign Counsel false 120347 120347 All States Blue and Gold 315662 230308 85354 85354 PILS 59150 33212 25938 25938 374812 263520 111292 111292 111292 Part I Line 2b A portion of the university presidents duties consist of fundraising. true Alzheimer's Association 620 S 76th Street Suite 160 Milwaukee WI 53214 391350965 501 c3 163242 Other Aurora Health Care PO Box 341880 Milwaukee WI 532341880 391442285 501 c3 51668 Other Aurora Health Care PO Box 341880 Milwaukee WI 532341880 391442285 501 c3 104411 Research Ball State University 2000 W University Avenue Muncie Muncie IN 47306 356000221 State of IN 22990 Research Board of Regents-University of WI System-Madison GAR Acct-ORSP Drawer 538 Milwaukee WI 532780538 396006492 State of WI 18817 Other Board of Regents-University of WI System-Madison GAR Acct-ORSP Drawer 538 Milwaukee WI 532780538 396006492 State of WI 52971 Research Board of Regents-University of WI System-Milwaukee PO Box 500 Milwaukee WI 53201 396006492 State of WI 28879 Research Capitalism 20 Incorporated 1623 Jackson Street Apt 402 Milwaukee WI 53202 842969027 25000 Other Children's Hospital of Wisconsin PO Box 1997 Mail Stop 900 Milwaukee WI 53201 390812532 501c3 10174 Research Colorado School of Mines PO Box 911911 Denver CO 802911911 846000551 State of CO 37416 Research Council for Jewish Elderly 3003 West Touhy Avenue Chicago IL 60645 362727597 501 c3 6000 Research Indiana University Dept 78867 Box 78000 Detroit MI 482780896 356001673 501 c3 160890 Research Kent State University AR 210635-13302 Kent OH 442420001 316402079 State of OH 15966 Research Lutheran Social Services 647 W Virginia Street Milwaukee WI 532041535 390816846 501c3 233133 Other Medical College of Wisconsin 8701 Watertown Plank Road Box 26509 Milwaukee WI 532260509 390806261 501 c3 111406 Other Medical College of Wisconsin 8701 Watertown Plank Road Box 26509 Milwaukee WI 532260509 390806261 501 c3 599993 Research Milwaukee Public Schools PO Box 2181 Milwaukee WI 532019768 396003457 City of Milwaukee 26347 Research Near West Side Partners 624 N 24th Street Milwaukee WI 53233 472708769 501 c3 134937 Other Near West Side Partners 624 N 24th Street Milwaukee WI 53233 472708769 501 c3 30583 Research Next Door Foundation 2545 N 29th Street Milwaukee WI 53210 391162969 501 c3 10125 Other Oglethorpe University Inc 4484 Peachtree Road NE Atlanta GA 30319 580568698 501 c3 18576 Research Purdue University 23510 Network Place Chicago IL 606731235 356002041 State of IN 9569 Research Stanford University Stanford Univ Lockbox PO 44253 San Francisco CA 941444253 941156365 501 c3 28974 Research Telepsychiatry Research and Innovation Network Limited 7-34-C 6th Flr E Plaza Sonargaon Rd Dhaka BG 1205 39732 Research United Community Center 1028 S 9th Street Milwaukee WI 53204 391146191 501 c3 52703 Research United States Dept of Agriculture Collections PO Box 979099 St Louis MO 631799000 977735986 Federal 29563 Research University of Chicago UChicago Argonne LLC PO Box 87916 Carol Stream IL 60188 362177139 State of IL 113903 Research University of Florida PO Box 113001 Gainsville FL 32611 596002052 501 c3 37379 Research University of Kentucky Research Foundation PO Box 93113 Cleveland OH 44193 616001218 Commonweath KY 33237 Research University of Miami PO Box 405803 Atlanta GA 303845803 590624458 501 c3 71081 Research Varian Medical Systems Department 93780 Chicago IL 60673 942359345 204272 Research 28 3 Undergraduate Competitive Scholarships 7874 136137539 Undergraduate Noncompetitive Scholarships 747 13753005 Financial Aid for Room and Board 3338 17035362 Graduate Scholarships 1446 15881185 X X X X X true true X X X X X X true false false true false false false true false Dr Michael R Lovell President 670498 204075 22400 64307 961280 Dr James K Ah Yun Vice President 332750 20402 14548 367700 Mr Joel S Pogodzinski Treasurer 420514 10119 52167 482800 Mr Steven W Frieder Secretary 157400 12896 18059 188355 Ms Cynthia M Bauer Assistant Secretary 294145 22400 29948 346493 Dr Kristina M Ropella Dean Engineering 278614 42198 16800 33623 371235 Dr Janet Wessel Krejci Dean Nursing 246086 37271 20126 29791 333274 Dr William E Cullinan Dean Health Sciences 269037 21300 53397 343734 Mr Sean Gissal Chief Investment Officer 297448 22400 58069 377917 Mr Steven M Wojciechowski Mens Basketball Head Coach 2588293 591000 12000 22400 75245 3288938 Ms Megan Duffy Womens Basketball Head Coach 270534 7000 325530 12667 20929 636660 Mr William G Scholl VP Director Athletics 407873 73000 9000 22400 32882 545155 Mr Stanton Johnson Mens Basketball Associate Head Coach 356693 86100 8400 22400 35513 509106 Mr Joseph D Kearney Dean Law School 380580 57664 22400 35205 495849 Mr David D Lawlor Former Officer 444399 11457 29739 485595 Part I Line 1a First class or charter travel is offered on a limited basis. Travel for companions is offered on a limited basis. Part I Line 1a Tax indemnification and gross-up payments are offered to university employees on a limited basis. Part I Line 1a Health and social club fees or initiation fees are offered on a limited basis. Part II Line 6,7 Bonus for achieving fund raising goals are awarded on a limited basis. Part II Line 10-13 Athletic personnel receive bonuses and other reportable compensation per contract. Part II Line 15 David D Lawlor received a severance payment. A WHEFA 2019 391337855 97712D2S4 2019-10-22 52142669 Construction project false false false B WHEFA 2016 391337855 97712DTG1 2016-10-18 96989222 Various construction projects false false false C WHEFA 2012 391337855 97710B5G3 2012-10-01 96596215 Various construction projects false false false D WHEFA2011A 391337855 97710BD90 2011-02-17 27669462 Various construction projects false false false A 52142669 36684020 458649 15000000 17582 2020 true false true B 3275000 96989222 41791398 749787 48487332 2018 true false true true C 12310000 96596215 50844219 751996 45000000 2016 true false true true D 24370000 27669462 27332365 337097 2011 true true true A false false false false 0.00880 0.01610 0.02490 false false true B false false true false false 0.00770 0.02240 0.03010 false false true C false false true false false 0.00780 0.00210 0.00990 false true D false false true false false 0.01220 0.01220 false false true A false true false false false false false false true B false true false false false false false false true C false true false false false false false false true D false true false false false false false true A true B true C true D true Dr Michael R Lovell President Retention X 1250000 625000 false true 625000 Various 91100 Tuition Remission Various 59100 Merit Based Scholarship Mr Patrick S Lawton Marquette Trustee 603762 Debt Underwriter false Mr Raymond J Manista Marquette Trustee 497529 Insurance false Mr Tim M Bergstrom Marquette Trustee 258404 Automotive Purchases false Part IV Line 1b Managing Director of Fixed Income Capital Markets Robert W. Baird Co. Inc. Part IV Line 2b Executive Vice President - Chief Legal Officer, Chief Compliance Officer and Secretary Northwestern Mutual Part IV Line 3b President and Chief Operating Officer Bergstrom Automotive Part IV Line 1-3 All transactions with related parties are at arms length and in the normal course of university business. X 288 14157129 See Part II X 7 12363 Value of Donated Property X Auction 440 83375 Value of Donated Property X Equipment 2 25156 Value of Donated Property X Video / Production 1 9975 Value of Donated Property X Other 23 24471 Value of Donated Property false true false Part I Line 9 The average of the high and low trading price for the security is calculated as of the day of donation. This average is multiplied by the number of shares received, yielding the value of the gift. Form 990, Part III, Line 1 Marquette University is a Catholic, Jesuit university dedicated to serving God by serving our students and contributing to the advancement of knowledge. Our mission, therefore, is the search for truth, the discovery and sharing of knowledge, the fostering of personal and professional excellence, the promotion of a life of faith, and the development of leadership expressed in service to others. All this we pursue for the greater glory of God and the common benefit of the human community. Form 990, Part III, Line 1 Exellence Our students, whether traditional or non-traditional, undergraduate, graduate or professional, come to Marquette University to share our commitment to the pursuit of excellence in all things as a lifelong endeavor. They come to join a community whose members, faculty, staff, students, trustees, alumni and friends alike, believe that education must encompass the whole person spiritual and moral as well as intellectual, the heart as well as the mind. And they come seeking the educational, professional and cultural advantages of a university located in the heart of the city. We, in turn, take seriously our responsibility to foster and support excellence in teaching and research, to keep a Marquette education accessible to a diverse population of students, and to offer personal attention and care to each member of the Marquette community. Form 990, Part III, Line 1 As a Catholic university, we are committed to the unfettered pursuit of truth under the mutually illuminating powers of human intelligence and Christian faith. Our Catholic identity is expressed in our choices of curricula, our sponsorship of programs and activities devoted to the cultivation of our religious character, our ecumenical outlook, and our support of Catholic beliefs and values. Preciselybecause Catholicism at its best seeks to be inclusive, we are open to all who share our mission and seek the truth about God and the world, and we are firmly committed to academic freedom as the necessary precondition for that search. We welcome and benefit enormously from the diversity of seekers within our ranks, even as we freely choose and celebrate our own Catholic identity. Form 990, Part III, Line 1 Leadership As a Jesuit university, Marquette embodies the intellectual and religious traditions of the Society of Jesus. Through an academically rigorous, values-centered curriculum, our students receive a firm grounding in the liberal arts, preparation for work in a world of increasing complexity and diversity, and formation for life as ethical and informed leaders in their religious, cultural, professional and civic communities. They work with and learn from faculty who are true teacher-scholars, whose research not only advances the sum of human knowledge, but also informs their teaching, and whose commitment to students is fundamental to their intellectual and professional lives. Form 990, Part III, Line 1 Service Through both our academic and co-curricular programs, Marquette strives to develop men and women who will dedicate their lives to the service of others, actively entering into the struggle for a more just society. We expect all members of the Marquette community, whatever their faith traditions, to give concrete expression to their beliefs by giving of themselves in service to those in need. Form 990, Part III, Line 1 Marquette University Guiding Values In accordance with the Catholic, Jesuit mission and vision of Marquette University, we hold that all people and things are created to praise, reverence and serve God in our community and throughout the world, and thus every aspect of the universitys lifeblood and work holds this principle and foundation as its beginning and end. Therefore, we will enact the following values and behaviors in our lives and our work to serve the greater glory of God. Form 990, Part III, Line 1 Pledge personal and holistic development of students as your primary institutional vocation Pursue academic excellence and educate students who are men and women for and with others throughout the world Embody a spirit of interdisciplinary curiosity, research, innovation, entrepreneurship and application to change and improve ourselves, our community and our world Nurture an inclusive, diverse community that fosters new opportunties, partnerships, collaboration and vigorous yet respectful debate Live as servent leaders with a committment to the Jesuit tradition and Catholic social teaching for all people, beliefs and faith traditions Create bold, ambitious plans enacted with agility, authentic accountability and a commitment to the greater good. Form 990, Part III, Line 4d Program Service Expenses 129,625,000, Grants and allocations 0, Revenue 79,209,799 Auxiliary Enterprises Expenses 50,445,000, Grants and Allocations0, Revenue 46,949,000 Research-Expenses 45,487,000, Grants and Allocations 0, Revenue 32,260,799 Public Service 5,811,000, Grants and Allocations 0, Revenue 0. Form 990, Part IV, Section A, Line 2 Some trustees serve on the same boards for other non-profit entities. Form 990, Part IV, Section B, Line 11b The governance, compensation, related parties and bond sections of the Form 990 were reviewed by the Finance and Risk committee in February 2021. The completed Form 990 was reviewed by the corporate officers in April 2021. Complete copies of the Form 990 were then provided to the Board of Trustees in May 2021. The Finance and Risk committee reviewed the completed Form 990 at the May 2021 meeting. The chair of that committee presented the form to the Full Board of Trustees at the May 2021 meeting. Form 990, Part IV, Section B, Line 12c Trustees and employees are required annually to disclose possible material interests and affiliations Form 990, Part IV, Section B, Line 15a, 15b The Executive committee of the Board of Trustees utilizes the following in determining officer and key employee salary increases input from an independent compensation consultant, information reported on Form 990s from comparable universities, employment contracts, performance evaluations and higher education compensation surveys. Form 990, Part IV, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part VII, Section A, Line 2 The university annually pays Jesuit Community at Marquette University, Inc. amounts based on their ongoing relationship, including the service of Jesuits as faculty and staff. Form 990, Part XI, Line 9 Other changes in net assets consists of adjustments to allowance for uncollectible pledges and other changes.