2021-03-11T10:31:07-06:00 2020-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-07-01 741277664 University of St Thomas UNIV 7135227911 3800 Montrose Boulevard Houston TX 770064626 Spencer Conroy VP for Finance 2021-03-11 true Jennifer Burke P01342224 3128997000 2019 2022-09-23 18:48:47Z Dr Richard Ludwick 3800 Montrose Boulevard Houston TX 770064626 99319454 false X WWW.STTHOM.EDU X 1947 TX THE UNIVERSITY IS COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON. WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY. 33 30 1225 32 98585 0 13526847 9999393 76414283 82318812 612187 -640815 185128 40533 90738445 91717923 27071704 38020447 0 39307491 37603582 0 0 2503807 25026736 27163892 91405931 102787921 -667486 -11069998 238268671 244463640 32229566 47972196 206039105 196491444 X We are the University of St. Thomas, the Catholic University in the heart of Houston. We are committed to the Catholic intellectual tradition and the dialogue between faith and reason. By pursuing excellence in teaching, scholarship and service, we embody and instill in our students the core values of our founders, the Basilian Fathers: goodness, discipline and knowledge. We foster engagement in a diverse, collaborative community. The University of St. Thomas is a comprehensive university, grounded in the liberal arts. Committed to the unity of all knowledge, we offer programs in the traditional liberal arts, professional, and skill-based disciplines. Graduates of the University of St. Thomas think critically, communicate effectively, succeed professionally and lead ethically. false false 42473833 73212841 THE UNIVERSITY OF ST. THOMAS (THE "UNIVERSITY"), LOCATED IN HOUSTON, TEXAS, WAS FOUNDED BY THE BASILIANS FATHERS IN 1947. THE UNIVERSITY, ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES, IS AN INDEPENDENT, CO-EDUCATIONAL CATHOLIC UNIVERSITY OFFERING ASSOCIATE DEGREES IN THREE SUBJECT AREAS, BACHELOR'S DEGREES IN 39 SUBJECT AREAS, MASTER'S DEGREES IN 22 SUBJECT AREAS AND DOCTORATE DEGREES IN THREE SUBJECT AREAS. THE UNIVERSITY PROVIDES INSTRUCTION AND SUPPORT SERVICES TO 2,429 UNDERGRADUATE AND 1,642 GRADUATE STUDENTS. 29939829 29939829 THE UNIVERSITY HAS A COMPREHENSIVE PLAN TO ASSIST QUALIFIED STUDENTS THROUGH A PROGRAM OF SCHOLARSHIPS, GRANTS-IN-AID, LOANS AND PART-TIME EMPLOYMENT. ADMINISTERED ON AN INDIVIDUAL BASIS, ACCORDING TO THE PARTICULAR CIRCUMSTANCES OF EACH APPLICANT, THIS PROGRAM IS DESIGNED TO ASSIST ALL STUDENTS WHO HAVE A GENUINE NEED. THE OVERWHELMING MAJORITY OF STUDENTS RECEIVE FINANCIAL AID EITHER FROM THE UNIVERSITY OR THROUGH STATE AND FEDERAL GOVERNMENT SOURCES. 9762473 8080618 4180722 AUXILIARY OPERATIONS; STUDENT HOUSING, DINING SERVICES, PARKING GARAGE, AND BOOKSTORE SERVICES 5294200 ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES 5294200 82176135 true true false true false false true false true true true false false false true false true true false true false false false true false false true true true false false false false false false true false true false false false true true true true false false true 3737 0 true 1225 true true true false false false false true true false false false false false false X 33 30 false false false false false false false true true false false false true true true true true true true false X Spencer Conroy 7135256960 3800 MONTROSE BLVD HOUSTON TX 77006 MR CURTIS W HUFF CHAIR/BOARD MEMBER 1.0 X X 0 0 0 MR ROBERT F CORRIGAN JR VICE CHAIR/BOARD MEMBER 1.0 X X 0 0 0 MS DENISE CASTILLO-RHODES MBA SECRETARY/BOARD MEMBER 1.0 X X 0 0 0 DR GERARD J ROONEY BOARD MEMBER 1.0 X 0 0 0 DR HERBERT P EDMUNDSON JR BOARD MEMBER 1.0 X 0 0 0 DR MAURO FERRARI BOARD MEMBER 1.0 X 0 0 0 HIS EMINENCE DANIEL CARDINAL DINARDO BOARD MEMBER 1.0 X 0 0 0 MR AARON STRYK BOARD MEMBER 1.0 X 0 0 0 MR CONNELLY T MCGREEVY BOARD MEMBER 1.0 X 0 0 0 MR CRAIG JARCHOW BOARD MEMBER 1.0 X 0 0 0 MR DANIEL L MOLINARO BOARD MEMBER 1.0 X 0 0 0 MR DAVID HARVEY JR BOARD MEMBER 1.0 X 0 0 0 MR DENNIS MALLOY BOARD MEMBER (until January 2020) 1.0 X 0 0 0 MR DOUGLAS A HIDALGO BOARD MEMBER 1.0 X 0 0 0 MR EDWARD L TYRRELL BOARD MEMBER 1.0 X 0 0 0 MR GEORGE F GOOLSBY BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH A CLEARY JR BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH M GRAHAM JR BOARD MEMBER 1.0 X 0 0 0 MR LARRY W MASSEY JR BOARD MEMBER 1.0 X 0 0 0 MR MARK A TURZILLO BOARD MEMBER 1.0 X 0 0 0 MR MORRIS R CLARK BOARD MEMBER 1.0 X 0 0 0 MR RAYMOND A LEBLANC BOARD MEMBER 1.0 X 0 0 0 MR ROCKY SAINT-LET LAI MBA BOARD MEMBER 1.0 X 0 0 0 MRS MINDY HILDEBRAND BOARD MEMBER 1.0 X 0 0 0 MS CECILIA ABBOTT BOARD MEMBER (UNTIL December 2019) 1.0 X 0 0 0 MS MARGIE M HARRIS MBA BOARD MEMBER 1.0 X 0 0 0 MS PAULA SAVAGE HANSEN BOARD MEMBER 1.0 X 0 0 0 MS RUTH S METZGER BOARD MEMBER 1.0 X 0 0 0 MS SHEILA ENRIQUEZ BOARD MEMBER 1.0 X 0 0 0 MS SHELLEY A GRAHMANN BOARD MEMBER 1.0 X 0 0 0 MSGR JAMES B ANDERSON STD BOARD MEMBER 1.0 X 54951 0 20326 REV ALVIN SINASAC CSB BOARD MEMBER 1.0 X 0 0 0 REV JAMES MURPHY CSB BOARD MEMBER 1.0 X 0 0 0 REV JOHN B HUBER CSB BOARD MEMBER 1.0 X 0 0 0 DR BEENA GEORGE CHIEF INNOVATION OFFICER 40.0 X 185258 0 12332 DR CHRISTOPHER EVANS VICE PRESIDENT OF ACADEMIC AFFAIRS 40.0 0.5 X 182710 0 45025 DR RICHARD LUDWICK UNIVERSITY PRESIDENT 40.0 0.5 X 318544 0 57679 MR ARTHUR ORTIZ VICE PRESIDENT 40.0 X 130967 0 19083 MR JEFF OLSEN VICE PRESIDENT 40.0 X 132589 0 18078 MR SPENCER C CONROY VICE PRESIDENT 40.0 0.5 X 172520 0 24033 MS DAWN KOENNING CHIEF DEVELOPMENT OFFICER (begin Nov. 2019) 40.0 X 28009 0 1322 MS PATRICIA MCKINLEY VICE PRESIDENT (until 12/19) 40.0 X 148601 0 18578 DR CHIEH-CHUNG UENG Interim Dean 40.0 X 170487 0 10231 DR JOHN PALASOTA FACULTY 40.0 X 141968 0 29408 MR HANS STOCKTON Div Dn of Soc & Beh Sci & Glob, Social Sciences Division Dean 40.0 X 150354 0 6852 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations (until 02/20) 40.0 X 137168 0 23568 MR RAVI SRINIVAS Assoc Prof & Dir, MLA & Und D, Dean of Arts & Sciences 40.0 X 171716 0 11123 DR DOMINIC AQUILA FORMER VICE PRESIDENT 40.0 X 153646 0 43319 MR GARY MCCORMACK FORMER VICE PRESIDENT 0.0 0.0 X 124335 0 25148 2403823 0 366105 55 true true false Ellucian Company LP 62578 Collections Center Dr Chicago IL 60693 Information Technology Services 2975985 Swisher Contracting Services 2619 Morninglight Dr Houston TX 77084 Contractor 384052 Felix Morales 12010 Hedgedown Dr Houston TX 77065 Construction Contractor 328994 Norton Rose Fulbright US LLP 1301 McKinney St Suite 5100 Houston TX 77010 Legal Services 204878 BKD LLP 2700 Post Oak Blvd Ste 1500 Houston TX 770585869 Audit Services 159826 8 1038975 0 1910133 7050285 937930 9999393 TUITION & FEES 611310 73212841 73212841 AUXILIARY OPERATIONS 611710 3811771 3811771 ENDOWMENT SUPPORT 900099 5294200 5294200 0 0 0 0 82318812 63718 98585 -34867 28614 28614 0 0 6267614 6069454 902693 198160 -902693 -704533 -704533 272352 1038975 629384 -357032 -357032 Music Lesson Fees 611710 170175 170175 Student Club Fees 611710 41237 41237 International Students Fees 611710 38972 38972 118567 118567 0 0 368951 91717923 82687763 98585 -1067818 8080618 8080618 29939829 29939829 1516478 596727 788866 130885 94814 94814 29094000 24149278 3887957 1056765 1172912 945273 182272 45367 3580924 2520476 826626 233822 2144454 1786855 270722 86877 383044 205651 101393 76000 367561 22668 344893 0 167800 167800 473419 473419 4870815 3827949 542861 500005 1167594 86649 1038250 42695 2770220 1877040 674085 219095 4983635 612248 4371267 120 1565 1565 2835990 677639 2158351 879973 764508 102341 13124 608176 273305 284488 50383 1298448 1298448 4726953 3781111 915097 30745 810201 90257 719944 Resident Hall Discounts 185290 185290 Recruitment 114986 19335 95651 Employee Relations 72333 34896 33859 3578 Glassell Art School 58225 58225 387664 340295 33023 14346 102787921 82176135 18107979 2503807 2471133 3173362 7276836 16831421 7040890 4749974 6340568 3966180 0 0 0 0 271493 253663 501808 883707 199583489 96115765 106679374 103467724 8502566 9688659 97391517 98891466 0 0 1792486 2557484 238268671 244463640 5317050 6263407 181032 6777 2408182 2194142 12641924 0 0 11681378 39507870 0 0 32229566 47972196 X 85545355 76274200 120493750 120217244 206039105 196491444 238268671 244463640 X -11069998 1562736 -40399 X false true X true true true X 14063193 16467365 14557148 13526847 9999393 68613946 0 0 14063193 16467365 14557148 13526847 9999393 68613946 13952901 54661045 1449039 1586508 865806 527657 92332 4521342 0 0 0 0 0 0 996183 1844146 296630 185192 272352 3594503 76729791 372786771 0.7124 0.7649 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS FUNDRAISING REVENUE, COLUMN A - 996183.0, COLUMN B - 1844146.0, COLUMN C - 296630.0, COLUMN D - 185192.0, COLUMN E - 272352.0, COLUMN F - 3594503.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1775 1775 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University is a member of the National Association of Independent Colleges and the Independent Colleges & Universities of Texas. As a member of these organizations, the University pays dues with part of these dues being indirectly attributable to the lobbying fees paid by the organization. The University does not directly lobby. 1506190 X X X false 106589326 419688 6925397 3162771 2131429 473413 108166798 102368664 2056634 7647423 2954185 2044276 484934 106589326 93314847 2765187 10342534 1549351 2054756 449797 102368664 81789073 7436594 8479746 1669339 2302143 419084 93314847 86629941 975349 -1919747 1455018 2006578 434874 81789073 0.0154 0.743 0.2416 false false 18663018 18663018 134439989 53098882 81341107 26918370 24681490 2236880 19562112 18335393 1226719 103467724 ALTERNATIVE INVESTMENTS 98891466 F 98891466 0 X Schedule D, Part VII LINE 3 - ALTERNATIVE INVESTMENTS The University invests its assets through an outsourced chief investment officer (OCIO) model. The OCIO managing the majority of the University investments is The Investment Fund for Foundation (TIFF). The University owns interests in two different products structured as a partnership fund which invests with a wide variety of investment products and vehicles. Since the University does not own a direct interest in the underlying investments themselves but gains exposure through the ownership interest in the overarching fund, the investments are classified as alternative investments although the actual underlying exposure is much more typical of a common university endowment portfolio. The assets comprising the alternative investments reported are investments in TIFF's Multi-Asset Fund ("MAF"), TIFF's The Keystone Fund ("TKF"), and certain legacy private equity investments managed by Hirtle Callaghan. The MAF has daily liquidity, and is comprised of underlying investments in funds focused on equity, debt, and commodity securities employing a variety of strategies. Asset types for the MAF include global equities, high yield bonds, resource-related equity, real estate investment trusts hedge funds, asset-backed securities, commodity futures, opportunistic credit assets, conventional bonds, treasury inflation-protected securities, and cash. TKF, has quarterly liquidity with 180 days' notice, and similar to the MAF, TKF invests in the same types of investments as the MAF with the addition of private equity investments. The University's exposure to private investments when taking into account the underlying assets of the multi-asset fund and the Keystone fund was approximately $26.2 million and $25.9 million as of June 30, 2020 and 2019, respectively. This equates to 21.9 percent and 23.9 percent of the total balances for June 30, 2020 and 2019, respectively. Additionally, total exposure to alternative investments was $44.1 million and $40.2 million making up 36.9 percent and 36.9 percent of the investment balances as of June 30, 2020 and 2019, respectively. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S ART COLLECTION HAS BEEN COLLECTED OVER MANY YEARS FROM A VARIETY OF SOURCES. IT IS CONSIDERED AN ENHANCEMENT TO THE OVERALL AMBIANCE OF THE CAMPUS AND AUGMENTS THE EDUCATIONAL EXPERIENCE OF OUR STUDENTS ENROLLED IN ART AND ART HISTORY COURSES. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used according to donor restrictions. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University and UST Realty Company have received determination letters from the Internal Revenue Service of exemption from federal income tax under Section 501 (c)(3) of the Internal Revenue Code (IRC), and accordingly, no provision has been made for such taxes. Accounting standards generally accepted in the United States of America require that the University recognize the financial effects of a tax position in its consolidated financial statements, if that tax position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. Tax positions taken related to the University's tax-exempt status, the taxable income of unrelated business activities, and the deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by the University would more likely than not be sustained upon examination by taxing authorities. Accordingly, the University has not recorded an income tax liability for uncertain tax benefits. 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 THE UST HANDBOOK AND THE APPLICATION FOR ADMISSION, BOTH AVAILABLE ONLINE AT WWW.STTHOM.EDU, INCLUDE STATEMENTS THAT THE UNIVERSITY OF ST. THOMAS IS COMMITTED TO PROVIDING EDUCATIONAL OPPORTUNITIES AND MAKING ADMISSION DECISIONS WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, NATIONAL ORIGIN, DISABILITY OR VETERAN STATUS. FURTHER, ANY SUCH INFORMATION WILL BE USED IN A NON-DISCRIMINATORY MANNER CONSISTENT WITH ALL APPLICABLE LAWS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENTS ATTENDING THE UNIVERSITY RECEIVE AID AND ASSISTANCE FROM BOTH FEDERAL AND STATE SOURCES ACCORDING TO APPLICABLE LAWS AND THE NEEDS OF THE INDIVIDUAL STUDENTS. East Asia and the Pacific 0 0 Program Services STUDY ABROAD 46201 Central America and the Caribbean 0 0 Investments 5736320 0 0 0 0 0 0 5782521 0 5782521 true false true true false false Irish Society Gala 242113 183743 58370 56152 4664 3200 5594 Mardi Gras Ball 977788 791366 186422 88892 167692 150721 126900 3 91426 63866 27560 18859 6710 1311327 1038975 272352 145044 191215 153921 139204 629384 -357032 true UST Realty Company 3800 Montrose Boulevard Houston TX 77006 205716703 501(C)(3) 8080618 General Support & Debt Refinancing 1 0 STUDENT AID & ASSISTANCE 2187 29939829 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. STUDENT INSTITUTIONAL AID AND ASSISTANCE IS AWARDED TO STUDENTS BASED ON MERIT AND/OR NEED AND IS APPLIED TO INDIVIDUAL STUDENT ACCOUNTS. THE UNIVERSITY'S OFFICE OF SCHOLARSHIPS AND FINANCIAL AID IS RESPONSIBLE FOR REVIEWING EACH STUDENT'S CUMULATIVE GRADE POINT AVERAGE AND OTHER MERIT BASED CRITERIA ALONG WITH A COMPLETED APPLICATION FOR STUDENT FEDERAL AID AND DETERMINES WHETHER A NEED LEVEL IS SUBSTANTIATED BY THE APPLICATION. THE AID AND ASSISTANCE PAYS FOR TUITION, FEES, ROOM AND BOARD, AND BOOKSTORE CHARGES. UST PROVIDED A GRANT TO UST Realty, A RELATED TAX-EXEMPT ORGANIZATION. THE ORGANIZATION MONITORS THE USE OF THE GRANT FUNDS THROUGH MANAGEMENT AND BOARD OVERSIGHT. X X true true X X X true true false false false false false false false MR SPENCER C CONROY VICE PRESIDENT 172424 0 0 0 96 0 10622 0 13411 0 196553 0 0 0 DR CHRISTOPHER EVANS VICE PRESIDENT OF ACADEMIC AFFAIRS 182530 0 0 0 180 0 11594 0 33431 0 227735 0 0 0 DR BEENA GEORGE CHIEF INNOVATION OFFICER 184742 0 0 0 516 0 11117 0 1215 0 197590 0 0 0 DR RICHARD LUDWICK UNIVERSITY PRESIDENT 281472 0 0 0 37072 0 32124 0 25555 0 376223 0 0 0 MS PATRICIA MCKINLEY VICE PRESIDENT (until 12/19) 134832 0 0 0 13769 0 8169 0 10409 0 167179 0 0 0 MR JEFF OLSEN VICE PRESIDENT 132445 0 0 0 144 0 0 0 18078 0 150667 0 0 0 MR ARTHUR ORTIZ VICE PRESIDENT 130746 0 0 0 221 0 7953 0 11130 0 150050 0 0 0 DR JOHN PALASOTA FACULTY 141778 0 0 0 190 0 8959 0 20449 0 171376 0 0 0 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations (until 02/20) 135781 0 0 0 1387 0 8422 0 15146 0 160736 0 0 0 MR RAVI SRINIVAS Assoc Prof & Dir, MLA & Und D, Dean of Arts & Sciences 171537 0 0 0 179 0 10325 0 798 0 182839 0 0 0 MR HANS STOCKTON Div Dn of Soc & Beh Sci & Glob, Social Sciences Division Dean 150221 0 0 0 133 0 6195 0 657 0 157206 0 0 0 DR CHIEH-CHUNG UENG Interim Dean 170095 0 0 0 392 0 9649 0 582 0 180718 0 0 0 DR DOMINIC AQUILA FORMER VICE PRESIDENT 152259 0 0 0 1387 0 9776 0 33543 0 196965 0 0 0 MR GARY MCCORMACK FORMER VICE PRESIDENT 18882 0 0 0 105453 0 2410 0 22738 0 149483 0 0 0 Schedule J, Part I, Line 1a Travel for companions THE BENEFITS LISTED IN LINE 1A WERE PROVIDED IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT CONTRACT AND ARE DEEMED APPROPRIATE CONSIDERING THE PRESIDENT'S ACTIVITIES WITH DONORS ACROSS THE COUNTRY AND WITH THE BOARD OF DIRECTORS, AND INCREASING THE UNIVERSITY'S VISIBILITY WITHIN THE HOUSTON METROPOLITAN AREA. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The president receives $3,000 per month for housing allowance. This amount was considered taxable and included in the president's W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING CALENDAR YEAR 2019: MR. GARY MCCORMACK (VP) - $105,101 MS. PATRICIA MCKINLEY (VP) - $11,346 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Contributions of $13,233 were made for Dr. Richard Ludwick into a 457(f) plan in calendar year 2019. There were no distributions from the plan in calendar year 2019. Lori Gallagher SPOUSE OF BOARD MEMBER, CURTIS HUFF 37051 Employment false Megan Jarchow Daughter of Board member, Craig Jarchow 57763 Employment false X 7 135656 Market value X 1 765000 Other - Appraised value X Various auction items and other minor donations. 74 37274 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number reported is the number of contributions. Other - Various auction items and other minor donations. The number reported is the number of contributions. Real estate - Residential - House. The number reported is the number of contributions. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 5,294,200) ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Officers of the Board of Directors, the Chair of any standing committee of the Board, the President of the Alumni Board, and the President. At least one member of the Executive Committee other than the President must be a member of the Basilian Fathers. During intervals between meetings of the full Board of Directors, the Executive Committee shall possess and may exercise all the powers and authority of the Board except those requiring an affirmative vote of two-thirds of those present and voting at a Board meeting. If the Executive Committee shall have occasion to act, it shall report its action for ratification at the first meeting of the Board after such action has been taken. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S AUDIT AND FINANCE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. AS THERE WERE DONORS WHO WISHED TO REMAIN ANONYMOUS, SCHEDULE B WAS NOT PROVIDED TO THE COMMITTEE NOR THE BOARD, BUT THE FULL COPY OF THE FORM 990 INCLUDING SCHEDULE B WAS REVIEWED IN DETAIL BY THE AUDIT AND FINANCE COMMITTEE CHAIR. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTEE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL AFFIRMATIONS THAT CONFLICTS DO NOT EXIST ARE REQUIRED TO BE MADE FOR BOARD MEMBERS AND OFFICERS. IF ANY CONFLICTS ARE NOTED, THEY MUST BE SUFFICIENTLY EXPLAINED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING OR PARTICIPATING IN DISCUSSIONS REGARDING TOPICS WITH WHICH THEY MAY BE IN CONFLICT. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE OFFICE OF THE PRESIDENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official In May 2020, a third party consultant specializing in executive compensation, Yaffee & Company, was engaged to conduct a comprehensive review of the University President's compensation based on information as of December 31, 2019. Market information was utilized to analyze the comparability and market competitiveness of the President's compensation. In addition, the University's HR department conducted a salary review using data available through the College and University Personnel Association (CUPA). The information was provided to the Chair and Vice Chair of the Board. No salary change resulted from the information provided. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE INDIVIDUAL, MARKET CONDITIONS, AND INDUSTRY STANDARDS. THE COMPENSATION LEVEL OF EACH VICE PRESIDENT'S POSITION IS EVALUATED EACH YEAR BY THE HEAD OF HUMAN RESOURCES WITH A MORE FORMAL EVALUATION, UTILIZING A THIRD-PARTY SPECIALIZING IN EXECUTIVE COMPENSATION, COMPLETED AS DEEMED NECESSARY. THE RESULTS ARE PROVIDED TO THE PRESIDENT FOR HIS REVIEW. This process was last undertaken in May 2020. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE TEXAS SECRETARY OF STATE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 118567, Related or Exempt Function Revenue: 118567, 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 value of split interest agreement - -40399; UST Rising Stars 3800 Montrose Blvd Houston TX 77006 842742535 Internship Sponsorship TX 0 0 University of St Thomas UST REALTY COMPANY 3800 MONTROSE BLVD HOUSTON TX 77006 205716703 REAL ESTATE TX 501(c)(3) Type I University of St Thomas true false true false false false false false false false false true false false true true false true false false UST REALTY COMPANY B 8080618 FMV