2021-04-14T17:30:40-05:00 2020-05-31 134008324 PRICEWATERHOUSECOOPERS LLP 600 THIRTEENTH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2019-06-01 750827465 TEXAS CHRISTIAN UNIVERSITY TEXA 8172576122 TCU BOX 297011 FORT WORTH TX 761290001 BRIAN GUTIERREZ VC FINANCE AND ADMINISTRATION 2021-04-14 true TRAVIS L PATTON P00369623 2024141000 2019 2022-09-23 18:48:47Z VICTOR J BOSCHINI TCU BOX 297011 FORT WORTH TX 761290001 1993780689 false X WWW.TCU.EDU X 1889 TX TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES TEN MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 11,024 STUDENTS. 48 45 6229 10500 -2631870 0 84732962 74954614 630622181 638539276 172483057 166706382 16323049 14884645 904161249 895084917 188071262 199812788 0 0 303872490 321558093 341981 157930 15258879 264790541 285593583 757076274 807122394 147084975 87962523 3318638977 3496000306 914354482 1139571674 2404284495 2356428632 X TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES TEN MAJOR ACADEMIC UNITS: LIBERAL ARTS, SCIENCE AND ENGINEERING, BUSINESS, EDUCATION, FINE ARTS, COMMUNICATION, HONORS, NURSING AND HEALTH SCIENCES, SCHOOL OF INTERDISCIPLINARY STUDIES AND THE TCU & UNTHSC SCHOOL OF MEDICINE. TCU'S MISSION STATEMENT IS "TO EDUCATE INDIVIDUALS TO THINK AND ACT AS ETHICAL LEADERS AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITY." OUR VISION IS TO CREATE A WORLD-CLASS, VALUES-CENTERED UNIVERSITY EXPERIENCE FOR OUR STUDENTS. OUR CORE VALUES ARE ACADEMIC ACHIEVEMENT, PERSONAL FREEDOM AND INTEGRITY, THE DIGNITY AND RESPECT OF THE INDIVIDUAL, AND A HERITAGE OF INCLUSIVENESS, TOLERANCE, AND SERVICE. false false 408500867 199812788 514841173 SEE SCHEDULE O 145774638 0 57885036 SEE SCHEDULE O 73465317 0 57355657 SEE SCHEDULE O 67556976 0 7807325 SEE SCHEDULE O 67556976 7807325 695297798 true true false true false false true false true true true false false true true true false true false true true false true true false false true true true true false false false false false false true false true true true true false false true true true true false false true 15757 0 true 6229 true true true false false false false true true false false false false true false X 48 45 true false false false false false false true true false false true true true true true false true true false X CHERYL KENNON 8172576122 THE HARRISON 3101 BELLAIRE DR N FORT WORTH TX 76109 Victor J Boschini Jr Chancellor 40.0 X X 1879462 0 694757 Alan D Friedman Trustee 2.0 X 0 0 0 Allie Beth McMurtry Allman Trustee 2.0 X 0 0 0 Amy Roach Bailey Trustee 2.0 X 0 0 0 Barry E Davis Trustee 2.0 X 0 0 0 Brenda Almes Cline Trustee 2.0 X 0 0 0 Bruce W Hunt Trustee 2.0 X 0 0 0 Charles L Geren Trustee 2.0 X 0 0 0 Charlotte Scharbauer French Trustee 2.0 X 0 0 0 Dee J Kelly Jr Trustee 2.0 X 0 0 0 Duer Wagner III Trustee 2.0 X 0 0 0 Edgar H Schollmaier Trustee 2.0 X 0 0 0 Edward A Clark Trustee 2.0 X 0 0 0 Elliott J Hill Trustee 2.0 X 0 0 0 F Howard Walsh III Trustee 2.0 X 0 0 0 G Hunter Enis Trustee 2.0 X 0 0 0 G Malcolm Louden Trustee 2.0 X 0 0 0 J Bryan King Trustee 4.0 X 0 0 0 J Kelly Cox Trustee 2.0 X 0 0 0 J Luther King Jr Trustee 2.0 X 0 0 0 Jan Tucker Scully Trustee 2.0 X 0 0 0 Joan Glusing Rogers Trustee 2.0 X 0 0 0 Joe D Briggs Trustee 2.0 X 0 0 0 John H Pinkerton Trustee 2.0 X 0 0 0 Kade L Matthews Trustee 2.0 X 0 0 0 Kathryn Thompson Farmer Trustee 2.0 X 0 0 0 Kimbell Fortson Wynne Trustee 2.0 X 0 0 0 Kit Tennison Moncrief Vice Chair 5.0 X 0 0 0 LaDainian T Tomlinson Trustee 2.0 X 0 0 0 Leanne S Acuff Trustee 2.0 X 0 0 0 Marcia Fuller French Trustee 2.0 X 0 0 0 Marilyn E Davies Trustee 2.0 X 0 0 0 Mark L Johnson Chair 6.0 X 0 0 0 Mary Ralph Lowe Trustee 2.0 X 0 0 0 Matthew K Rose Trustee 2.0 X 0 0 0 Michael G Wright Trustee 2.0 X 0 0 0 Michael K Berry Trustee 2.0 X 0 0 0 Nancy Tartaglino Richards Trustee 2.0 X 0 0 0 Nick A Giachino Trustee 2.0 X 0 0 0 Rafael G Garza Trustee 2.0 X 0 0 0 Richard Lee Stuart II Trustee 2.0 X 0 0 0 Rick L Wittenbraker Trustee 2.0 X 0 0 0 Roger A Ramsey Trustee 2.0 X 0 0 0 Roger Williams Trustee 2.0 X 0 0 0 Ronald C Parker Trustee 4.0 X 0 0 0 Sheryl L Adkins-Green Trustee 2.0 X 0 0 0 Thomas F Meagher Jr Trustee 2.0 X 0 0 0 Trevor D Rees-Jones Trustee 2.0 X 0 0 0 William E Rosenthal Trustee 2.0 X 0 0 0 Brian G Gutierrez VC Finance & Administration 40.0 X 784285 0 313631 Donald J Whelan Jr VC University Advancement 40.0 X 751986 0 81075 Jean M Mrasek Board Secretary 40.0 X 227357 0 33222 Kathryn M Cavins Tull VC Student Affairs 40.0 X 501177 0 70219 Teresa Abi-Nader Dahlberg Provost VC Academic Affairs 40.0 X 623264 0 20077 Tracy D Syler-Jones VC Marketing & Communication 40.0 X 319096 0 54762 Yohna J Chambers VC Human Resources 40.0 X 271884 0 52743 Bryan C Lucas Chief Technology Officer 40.0 X 450999 0 102471 James R Hille Chief Investment Officer 40.0 X 1014489 0 432791 Jeremiah Donati Athletic Director 40.0 X 1078351 0 70174 Kimberly K Adams Interim Assoc. VC & Controller 40.0 X 185644 0 51661 Raymond Nowell Donovan Provost Emeritus/Professor 40.0 X 699841 0 75687 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 40.0 X 231092 0 28697 Gary A Patterson Head Football Coach 40.0 X 5962646 0 140897 James M Schlossnagle Head Baseball Coach 40.0 X 1163472 0 102671 James P Dixon Mens Basketball Coach 40.0 X 4264883 0 83092 Sonny J Cumbie Assistant Football Coach 40.0 X 895234 0 82748 Stuart D Flynn Dean of the Medical School 40.0 X 828645 0 85110 22133807 0 2576485 572 false true false TURNER CONSTRUCTION COMPANY 10100 N CENTRAL EXPY SUITE 600 DALLAS TX 75231 CONSTRUCTION SRVS 64620229 LINBECK GROUP LLC 1263 W ROSEDALE SUITE 202 FORT WORTH TX 76104 CONSTRUCTION SRVS 26691409 HC BECK LTD 1807 ROSS AVENUE SUITE 500 DALLAS TX 75201 CONSTRUCTION & ARCHITECTURE SRVS 23981929 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 DINING SERVICES 21588611 VAUGHN CONSTRUCTION GROUP 10355 WESTPARK DRIVE HOUSTON TX 77042 CONSTRUCTION SRVS 20910037 133 0 38426 733738 0 10820929 63361521 13009047 74954614 TUITION AND FEES 611310 514798173 514798173 0 0 RESIDENTIAL ADMINISTRATION 611710 33006625 33006625 0 0 DINING SERVICES 611710 20508498 20508498 0 0 ATHLETICS AND CAMPUS REC 611710 56638543 56029457 609086 UNIVERSITY BOOKSTORE 611710 1618407 1618407 0 0 11969030 11928031 40999 0 638539276 40871924 0 14218 40857706 0 0 0 0 9701907 0 0 9701907 752648 345789 0 0 752648 345789 1098437 0 0 1098437 1223721663 419394 1098244498 62101 125477165 357293 125834458 0 -3296173 129130631 310732 733738 256673 54059 0 54059 0 0 0 0 0 0 224135 132500 91635 0 0 91635 BRITE ADMINISTRATION MAINTENANCE FEE 611710 1091751 0 0 1091751 ANNUITY INCOME 611710 1421619 0 0 1421619 ALUMNI EVENTS 611710 216304 0 0 216304 1208933 0 0 1208933 3938607 895084917 637889191 -2631870 184872982 184841 184841 199600455 199600455 27492 27492 0 0 10995586 1177311 9154346 663929 0 0 0 0 228375103 204339193 16574012 7461898 21550210 17552381 3153945 843884 45042823 40507741 2944807 1590275 15594371 12463083 2547154 584134 0 0 0 0 1278769 378387 893060 7322 551134 0 551134 0 1187 0 1187 0 157930 157930 42737957 0 42737957 0 30984796 29394320 401613 1188863 3683042 1546402 2130616 6024 22765254 19678912 2222775 863567 4756603 3722616 999791 34196 0 0 0 0 23722195 22535841 1147606 38748 23825031 22399149 874345 551537 0 0 0 0 1381584 1164477 165985 51122 18313122 16815469 1495455 2198 0 0 0 0 69593410 64599804 4194645 798961 3193061 3077591 112112 3358 DUES AND SUBSCRIPTIONS 7948160 7291142 558513 98505 FOOD SERVICES 18410039 17566394 544813 298832 INSTR., RESEARCH, & LAB 1908541 1870451 34205 3885 INDIRECT COST 853282 853282 0 0 9686416 6551064 3125641 9711 807122394 695297798 96565717 15258879 16059604 16278058 52175935 49998974 24529478 28025885 0 0 0 0 607653 753417 5018850 4663620 2103403291 612262925 1392151622 1491140366 582036785 586401781 1129441984 1232384390 0 116617066 86353815 3318638977 3496000306 91451355 93565494 33744210 26350400 393591304 181970529 0 0 274907311 711765315 120660302 125919936 914354482 1139571674 1531034319 1528774426 873250176 827654206 2404284495 2356428632 3318638977 3496000306 X 87962523 -138028276 2209890 X false true X true true true X 71766996 72698981 78076337 74990745 64133685 361666744 0 0 0 0 0 0 0 0 0 0 0 0 71766996 72698981 78076337 74990745 64133685 361666744 1057170 360609575 34979276 39804159 56448128 55470941 51672268 238374772 0 0 0 0 0 0 595561 659603 574832 720146 534867 3085009 603126525 2905031269 0.5979 0.5713 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUND RAISING & SALES, COLUMN A - 595561.0, COLUMN B - 659603.0, COLUMN C - 574832.0, COLUMN D - 720146.0, COLUMN E - 534867.0, COLUMN F - 3085009.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1187 1187 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THIS ORGANIZATION PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS (ICUT) OF $ 114,697 AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) IN THE AMOUNT OF $16,950 DURING THE FISCAL YEAR. OF THE AMOUNT PAID TO NAICU, 7% OF THESE DUES WERE ATTRIBUTABLE TO LOBBYING EFFORTS, OR $ 1,187. OF THE AMOUNT THAT WAS PAID TO ICUT, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS. 95000 3793303 X X false 1620663695 19415827 14685921 15569518 55037971 0 1584157954 1595947026 16922168 76856639 14701948 54360190 0 1620663695 1471789593 15574425 176446720 13427659 54436053 0 1595947026 1407057002 19579000 111041393 12757522 53130280 0 1471789593 1486003520 17127930 -35128139 11281254 49665055 0 1407057002 0.499 0.2973 0.2037 true false 21097607 95789221 116886828 0 1593120092 423666800 1169453292 0 0 0 0 0 192728979 129072653 63656326 0 200667392 59523472 141143920 1491140366 FUNDS HELD IN TRUST BY OTHERS 87912177 F LIMITED PARTNERSHIPS 858141180 F HEDGE FUNDS 286331033 F 1232384390 FUNDS HELD IN TRUST 12301662 GOVERNMENT LOANS 4747948 POST RETIREMENT BENEFITS 67406486 INTEREST RATE SWAP LIABILITY 41463840 125919936 X 515816970 -138028276 -198890476 -336918752 852735722 42349195 42349195 895084917 563672545 389173 389173 563283372 243839022 243839022 807122394 Schedule D, Part III, Line 4 Collections of art - description of collections TCU'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS: CONTRIBUTIONS OF ART ARE GENERALLY NOT RECORDED ON THE BOOKS OF THE UNIVERSITY WHEN RECEIVED, UNLESS A READILY DETERMINABLE FAIR VALUE IS AVAILABLE AT THE DATE OF GIFT. THE SPEAKER JIM WRIGHT COLLECTION, WHICH WAS DONATED TO THE UNIVERSITY IN 1989 AND CONSISTS OF 1,074 LINEAR FEET OF PAPERS, PHOTOGRAPHS, AUDIOVISUAL MATERIAL, BOOKS, AND MEMORABILIA, DOCUMENTS THE POLITICAL CAREER OF THE FORMER SPEAKER OF THE HOUSE. THE COLLECTION ALLOWS RESEARCH IN THE AREAS OF HISTORY AND POLITICAL SCIENCE BY STUDENTS, FACULTY, AND OTHER SCHOLARS. TCU ALSO HOLDS A COLLECTION OF ANDY WARHOL PHOTOGRAPHY, WHICH WAS DONATED TO THE UNIVERSITY IN MAY OF 2008 BY THE WARHOL FOUNDATION IN NEW YORK, NY. 152 ANDY WARHOL PRINTS WERE PROVIDED TO TCU BY THE ANDY WARHOL PHOTOGRAPHIC LEGACY PROGRAM, AND THIS COLLECTION IS HELD IN THE SCHOOL OF ART AND ART HISTORY. THE OSCAR E. MONNIG METEORITE COLLECTION WAS CATALOGED BY THE AMERICAN METEORITE LABORATORY, DENVER, COLORADO, AND WAS DONATED TO TEXAS CHRISTIAN UNIVERSITY FROM 1978 TO 1986 AND WAS OPENED FOR THE PUBLIC ON FEBRUARY 1, 2003. THE COLLECTION CONTAINS OVER 2,300 DIFFERENT METEORITES. THIS COLLECTION PROVIDES EDUCATION TO STUDENTS BY PROVIDING OPPORTUNITIES TO EXPLORE THE MYSTERIES OF METEORITES. STUDENTS CAN LEARN HOW TO IDENTIFY A METEORITE, EXPERIENCE A HANDS-ON ENCOUNTER WITH DIFFERENT TYPES OF METEORITES, AND CREATE THEIR OWN TERRESTRIAL IMPACT CRATER. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. ENDOWMENT FUNDS PRIMARILY SUPPORT THE UNIVERSITY'S UNRESTRICTED SUPPORT, RESEARCH AND EDUCATION PROGRAMS, SCHOLARSHIPS, ENDOWED CHAIRS, PROPERTY AND EQUIPMENT, AND OTHER PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TCU'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO THE LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 (IRC), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. THE UNIVERSITY HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. ACCORDINGLY, NO ADDITIONAL DISCLOSURES HAVE BEEN MADE ON THE FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX PROVISIONS. AS OF MAY 31, 2020, THE UNIVERSITY'S TAX YEARS ENDED MAY 31, 2017 THROUGH 2020, GENERALLY, REMAIN SUBJECT TO EXAMINATION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 STUDENT FINANCIAL AID - -XXX-XX-XXXX POST RETIREMENT BENEFIT ACTUARIAL CHANGE - 1977014 OFFICER COMPENSATION OF CIO - INVESTMENT INCOME - -1267035 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements OTHER - 411 TCU PRESS COST OF GOODS SOLD - -132500 SPECIAL EVENTS EXPENSES - -256673 INVESTMENT FEES, GROSS UP - 42737957 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 TCU PRESS COST OF GOODS SOLD - 132500 SPECIAL EVENTS EXPENSES - 256673 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT FINANCIAL AID - XXX-XX-XXXX OFFICER COMPENSATION OF CIO AS REDUCTION TO INVESTMENT INCOME - 1267035 MISC. DIFFERENCE - 1434 OFFICER COMPENSATION OF ASSOC. VC FOR FACILITIES CAPITALIZED - 232141 INVESTMENT FEES, GROSS UP - 42737957 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 TCU FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. TCU INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARD STUDENTS IN ITS BROCHURES, CATALOGUES, AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. TCU DOES NOT PUBLICIZE ITS POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA SINCE TCU IS A NATIONAL UNIVERSITY AND DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE FROM WIDESPREAD GEOGRAPHIC SECTIONS OF THE COUNTRY. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT TEXAS CHRISTIAN UNIVERSITY FUNCTIONS AS AN ADMINISTRATOR FOR FEDERAL GRANT-SUPPORTED PROJECTS AND VARIOUS FORMS OF FEDERAL FINANCIAL AID GRANTED OR AWARDED TO STUDENTS ATTENDING THE UNIVERSITY. true Central America and the Caribbean 0 0 Program Services conferences, research, service learning, study abroad, recruitment, field work 129023 East Asia and the Pacific 0 0 Program Services athletic competition, conferences, research, study abroad 148550 Europe (Including Iceland and Greenland) 0 0 Program Services conferences, recruitment, research, study abroad, music performance, athletic competition, field work 2307430 Middle East and North Africa 0 0 Program Services conferences, field work, research 15781 North America (Canada & Mexico only) 0 0 Program Services conferences, research, study abroad, recruiting, athletic competition 199549 South America 0 0 Program Services conferences, research, study abroad, recruiting 31152 South Asia 0 0 Program Services recruitment, research, study abroad, conferences 39300 Russia and Neighboring States 0 0 Program Services conferences 9680 Sub-Saharan Africa 0 0 Program Services conferences, research, study abroad, field work 133675 Central America and the Caribbean 0 0 Investments 513774897 Europe (Including Iceland and Greenland) 0 0 Investments 13166834 North America (Canada & Mexico only) 0 0 Investments 10778128 Sub-Saharan Africa 0 0 Grantmaking 27492 0 0 0 0 0 0 540761491 0 540761491 Sub-Saharan Africa Wildlife conservation programs 27492 wire 0 N/A N/A 1 0 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES: ALL SUBAWARD PAYMENTS OF GRANTS FOREIGN OR DOMESTIC MUST BE ACCOMPANIED BY A SUBAWARD AGREEMENT. EACH SUBRECIPIENT IS REVIEWED TO ENSURE THE COMMITMENT TO PARTICIPATE IN THE PROJECT AND ABIDE BY ALL OF THE ASSOCIATED TERMS AND CONDITIONS. A SIGNED SUBAWARD AGREEMENT MUST BE RECEIVED BEFORE ANY DISTRIBUTIONS TO A SUBRECIPIENT ARE MADE. THE SUBAWARD AGREEMENT CONTAINS 1) GENERAL TERMS AND CONDITIONS 2) PRIMARY CONTACT INFORMATION BY RESPONSIBILITY 3) REPORTING REQUIREMENTS 4) SCOPE OF WORK AND BUDGET ALL GRANT SPONSORED DISBURSEMENTS ARE REVIEWED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE THE INVOICES ARE IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANT/SUBAWARD. THE PRINCIPAL INVESTIGATOR IS REQUIRED TO APPROVE EACH INVOICE TO ACKNOWLEDGE THEIR REVIEW OF ANY REQUIRED TECHNICAL PROGRESS REPORTS AND/OR SATISFACTORY PERFORMANCE BY THE SUBRECIPIENT. ALL GRANT SPONSORED INVOICES ARE REVIEWED AND APPROVED BY RESEARCH GRANT ACCOUNTING BEFORE BEING SUBMITTED TO THE ACCOUNTS PAYABLE DEPARTMENT FOR PROCESSING. AFTER THE ACCOUNTS PAYABLE DEPARTMENT REVIEWS THE INVOICE TO ENSURE VENDOR IS PAID IN ACCORDANCE WITH VARIOUS GUIDELINES, RULES AND PROCEDURES, THE ACCOUNTS PAYABLE DEPARTMENT WILL ENTER THE INVOICE INFORMATION INTO THE AP SYSTEM AND WILL REVIEW THE INVOICE TO ENSURE THAT APPROPRIATE APPROVAL SIGNATURES ARE INCLUDED ON THE INVOICE. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES: ALL SUBAWARD PAYMENTS OF GRANTS FOREIGN OR DOMESTIC MUST BE ACCOMPANIED BY A SUBAWARD AGREEMENT. EACH SUBRECIPIENT IS REVIEWED TO ENSURE THE COMMITMENT TO PARTICIPATE IN THE PROJECT AND ABIDE BY ALL OF THE ASSOCIATED TERMS AND CONDITIONS. A SIGNED SUBAWARD AGREEMENT MUST BE RECEIVED BEFORE ANY DISTRIBUTIONS TO A SUBRECIPIENT ARE MADE. THE SUBAWARD AGREEMENT CONTAINS 1) GENERAL TERMS AND CONDITIONS 2) PRIMARY CONTACT INFORMATION BY RESPONSIBILITY 3) REPORTING REQUIREMENTS 4) SCOPE OF WORK AND BUDGET ALL GRANT SPONSORED DISBURSEMENTS ARE REVIEWED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE THE INVOICES ARE IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANT/SUBAWARD. THE PRINCIPAL INVESTIGATOR IS REQUIRED TO APPROVE EACH INVOICE TO ACKNOWLEDGE THEIR REVIEW OF ANY REQUIRED TECHNICAL PROGRESS REPORTS AND/OR SATISFACTORY PERFORMANCE BY THE SUBRECIPIENT. ALL GRANT SPONSORED INVOICES ARE REVIEWED AND APPROVED BY RESEARCH GRANT ACCOUNTING BEFORE BEING SUBMITTED TO THE ACCOUNTS PAYABLE DEPARTMENT FOR PROCESSING. AFTER THE ACCOUNTS PAYABLE DEPARTMENT REVIEWS THE INVOICE TO ENSURE VENDOR IS PAID IN ACCORDANCE WITH VARIOUS GUIDELINES, RULES AND PROCEDURES, THE ACCOUNTS PAYABLE DEPARTMENT WILL ENTER THE INVOICE INFORMATION INTO THE AP SYSTEM AND WILL REVIEW THE INVOICE TO ENSURE THAT APPROPRIATE APPROVAL SIGNATURES ARE INCLUDED ON THE INVOICE. X X X X X X X true ZURI GROUP 328 NW Bond Street Suite 200 Bend OR 97703 FUND RAISING STRATEGY false 0 57810 -57810 WASHBURN AND MCGOLDRICK INC 24 N BRYN MAWR AVENUE 252 BRYN MAWR PA 19010 ADVANCEMENT CONSULTING false 0 26742 -26742 MARTS AND LUNDY 1200 WALL STREET WEST 5TH FLOOR LYNDHURST NJ 07071 STRATEGIC PLANNING false 0 33630 -33630 DIFFSTRAT COMPANY 3349 SOUTHGATE COURT SW CEDAR RAPIDS IA 52404 ADVANCEMENT CONSULTING false 0 7325 -7325 EAB 1920 EAST PARNHAM ROAD RICHMOND VA 23228 ADVANCEMENT CONSULTING false 0 32423 -32423 0 157930 -157930 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Leapfrogs for Kinderfrogs 330450 240050 90400 0 0 0 21863 579 15212 HF Classic Golf Tournament 262420 166675 95745 0 0 0 34685 1134 84182 3 532317 407730 124587 0 0 0 42720 17686 38612 1125187 814455 310732 0 0 0 99268 19399 138006 256673 54059 true FORT WORTH CHAMBER OF COMMERCE 777 TAYLOR STREET SUITE 900 FORT WORTH TX 761024997 720275060 501(C)(6) 50000 0 N/A NONE ECONOMIC DEVELOPMENT GRANT Tomlinson's Touching Lives Foundation 8951 Cypress Waters Blvd Suite 160 Coppell TX 75019 201414221 501 (c)(3) 134841 0 N/A NONE DONATION 1 1 FINANCIAL AID EXPENSE 6798 159352667 0 N/A NONE GRADUATE FINANCIAL AID 1093 24522456 0 N/A NONE GRANTS IN AID 473 5201725 0 N/A NONE STIPENDS 73 6629035 0 N/A NONE TUITION EQUALIZATION GRANTS 44 3894572 0 N/A NONE Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. By institutional policy, TCU's office of scholarship and financial aid acts as the final approval authority for all financial aid eligibility determination. Each student's award package is reviewed to ensure compliance with applicable regulatory requirements, and in the case of restricted institutional funds, with the donor's intent and wishes. Academic scholarship eligibility is based on a scoring matrix that evaluates an individual student's success using national test scores, high school GPA, and rigor of curriculum. Those who have excelled academically are generally given the largest share of university funded dollars. Institutionally funded need-based financial aid programs are based on eligibility established by use of an Institutional Methodology, with family financial information submitted to the CSS Profile. The financial aid office also works closely with the donor relations division of university advancement to ensure that our donors' wishes are met when matching funds to students. All donors of endowed awards are provided with a "scholarship agreement" outlining the university's understanding of the donor's intent. These agreements must be approved by both the director of financial aid, and the vice-chancellor for advancement, to ensure that the university has the capability to identify appropriate recipients. In addition to institutionally funded grants and scholarships, TCU manages and accepts fiduciary responsibility for a variety of federal and state funded financial aid programs. Eligibility for all federal and state funded financial aid is based solely on the results of the FAFSA, using required Federal Methodology. Prior to disbursement, each recipient must pass a variety of edit checks, or "disbursement rules" to ensure that the student is enrolled in classes and has submitted all required documentation needed to satisfy program eligibility. After disbursement, student aid recipients are reviewed at the end of the 100% tuition refund period for a final enrollment status determination. Students who received aid based on projected full-time enrollment, but who have dropped below 12 credit hours, are subject to an adjustment of their aid package. At the end of the 25%, and final refund period, students are again reviewed and subject to aid adjustment based on final costs for the term. Aid recipients are monitored on a regular basis throughout the academic year. Files are reviewed weekly to identify updated FAFSA and Profile applications, and adjustments are made when required. Reports are submitted to the Texas higher education coordinating board periodically for review of state aid recipients, and the university is subject to periodic audits and reviews from both entities. Academic success is the ultimate goal of all aid programs, and satisfactory academic progress is reviewed at the end of each term. At a minimum, full-time students are required to complete at least 75% of attempted hours and obtain a 2.00 GPA to meet renewal requirements. Most TCU funded awards require a minimum GPA of 2.50. Academic scholarships require a 3.25 GPA. Once posted to student accounts, the office of student financial services also monitors award amounts in relation to specific charges. Award amounts that appear to be out of norm are referred back to the financial aid office for review. X X X X X false true X X X X X X false true false false false false false true true true Victor J Boschini Jr Chancellor 1243481 0 500000 0 135981 0 471200 0 223557 0 2574219 0 0 0 Brian G Gutierrez VC Finance & Administration 582209 0 154507 0 47569 0 229937 0 83694 0 1097916 0 0 0 Donald J Whelan Jr VC University Advancement 550769 0 155273 0 45944 0 51200 0 29875 0 833061 0 0 0 Teresa Abi-Nader Dahlberg Provost VC Academic Affairs 507656 0 20000 0 95608 0 0 0 20077 0 643341 0 0 0 Kathryn M Cavins Tull VC Student Affairs 316401 0 161055 0 23721 0 51200 0 19019 0 571396 0 0 0 Tracy D Syler-Jones VC Marketing & Communication 304387 0 0 0 14709 0 32200 0 22562 0 373858 0 0 0 Yohna J Chambers VC Human Resources 254545 0 0 0 17339 0 30226 0 22517 0 324627 0 0 0 Jean M Mrasek Board Secretary 186307 0 39153 0 1897 0 21916 0 11306 0 260579 0 0 0 James R Hille Chief Investment Officer 633791 0 183951 0 196747 0 378311 0 54480 0 1447280 0 331705 0 Jeremiah Donati Athletic Director 733601 0 275561 0 69189 0 41200 0 28974 0 1148525 0 0 0 Raymond Nowell Donovan Provost Emeritus/Professor 639857 0 0 0 59984 0 50700 0 24987 0 775528 0 0 0 Bryan C Lucas Chief Technology Officer 291944 0 158182 0 873 0 72200 0 30271 0 553470 0 0 0 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 229673 0 0 0 1419 0 26586 0 2111 0 259789 0 0 0 Kimberly K Adams Interim Assoc. VC & Controller 175726 0 0 0 9918 0 9439 0 42222 0 237305 0 0 0 Gary A Patterson Head Football Coach 5285887 0 72000 0 604759 0 50700 0 90197 0 6103543 0 0 0 James P Dixon Mens Basketball Coach 3336887 0 564051 0 363945 0 51200 0 31892 0 4347975 0 0 0 James M Schlossnagle Head Baseball Coach 1061895 0 7500 0 94077 0 72200 0 30471 0 1266143 0 0 0 Sonny J Cumbie Assistant Football Coach 824554 0 0 0 70680 0 50700 0 32048 0 977982 0 0 0 Stuart D Flynn Dean of the Medical School 756504 0 0 0 72141 0 50692 0 34418 0 913755 0 0 0 Schedule J, Part II, Column (B)(iii) SCHEDULE J PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION FOR VICTOR BOSCHINI, KATHRYN CAVINS TULL, SONNY CUMBIE, JAMES DIXON, JEREMIAH DONATI, RAYMOND NOWELL DONOVAN, STUART FLYNN, BRIAN GUTIERREZ, JAMES HILLE, BRYAN LUCAS, GARY PATTERSON, JAMES SCHLOSSNAGLE, TRACY SYLER JONES, AND DONALD WHELAN INCLUDES PENSION RESTORATION STIPEND PAYMENTS SPECIFIED IN THEIR CONTRACTS FOR AMOUNTS IN EXCESS OF 403(B) MAXIMUM LIMITS. OTHER REPORTABLE COMPENSATION FOR TERESA ABI-NADER DAHLBERG INCLUDES MOVING EXPENSES PAID ON HER BEHALF. OTHER REPORTABLE COMPENSATION FOR JEAN MRASEK INCLUDES A CELL PHONE STIPEND. Schedule J, Part I, Line 1a First-class or charter travel CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR VICTOR BOSCHINI, VICE CHANCELLORS, ATHLETIC DIRECTOR, AND COACHES FOR PURPOSES OF TRAVEL TO CERTAIN ATHLETIC EVENTS AS APPROVED. CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR BOSCHINI AND VICE CHANCELLORS FOR DONOR VISITS, VISITS TO OTHER UNIVERSITIES, AND FUNERAL SERVICES FOR UNIVERSITY CONSTITUENTS, AS APPROVED. SOCIAL CLUB DUES AND INITIATION FEES WERE PROVIDED IN ACCORDANCE WITH EMPLOYMENT CONTRACTS OR APPROVAL BY THE CHANCELLOR IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE INTERIM ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 1a Travel for companions TRAVEL FOR COMPANIONS WAS PROVIDED TO JEREMIAH DONATI AND WAS TAXED TO HIM AS A PERSONAL FRINGE BENEFIT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use TCU PROVIDES THE CHANCELLOR WITH A HOUSE AND REQUIRES HIM TO USE IT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THEREFORE, NO COMPENSATION HAS BEEN INCLUDED FOR SUCH USE. AN INDEPENDENT THIRD PARTY WAS ENGAGED TO VALUE THE HOUSING BENEFIT OF THE RESIDENCE; THE ESTIMATED THE VALUE OF THE BENEFIT IS $194,505. TERESA ABI-NADER DAHLBERG RECEIVED A HOUSING ALLOWANCE DURING 2019 OF $24,000. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES WERE PROVIDED FOR VICTOR BOSCHINI, JAMES HILLE, JAMES SCHLOSSNAGLE, AND DONALD WHELAN. THE PERSONAL VALUE OF THE CLUB DUES WAS TAXED AS A PERSONAL FRINGE BENEFIT. SOCIAL CLUB DUES FOR BUSINESS PURPOSES WERE PROVIDED FOR RAYMOND SOCIAL CLUB DUES FOR BUSINESS PURPOSES WERE PROVIDED FOR VICTOR BOSCHINI, JAMES HILLE, JAMES SCHLOSSNAGLE, AND DONALD WHELAN. ADDITIONALLY, THE PERSONAL VALUE OF THE CLUB DUES WAS TAXED AS A FRINGE BENEFIT. SOCIAL CLUB DUES FOR BUSINESS PURPOSES WERE PROVIDED FOR KATHRYN CAVINS TULL, SONNY CUMBIE, TERESA ABI-NADER DAHLBERG, JAMES DIXON, RAYMOND NOWELL DONOVAN, JEREMIAH DONATI, RAYMOND NOWELL DONOVAN, STUART FLYNN, AND GARY PATTERSON. Schedule J, Part I, Line 1a Personal services THE CHANCELLOR RECEIVES LIMITED PERSONAL HOUSEKEEPING SERVICES AND WAS TAXED AS A PERSONAL FRINGE BENEFIT FOR THE VALUE OF THE PERSONAL SERVICES. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses CHARTER TRAVEL AND SOCIAL CLUB DUES ARE APPROVED IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE INTERIM ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan $420,000 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2019 AS PART OF THE ARRANGEMENT FOR THE FISCAL YEAR ENDING 5/31/2020 FOR VICTOR BOSCHINI. $360,000 OF THE ACCRUED AMOUNT WILL BE VESTED AS OF 05/31/20 AND $60,000 WILL BE VESTED AS OF 5/31/2021 IF STILL EMPLOYED AS CHANCELLOR. $197,737 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2019 FOR BRIAN GUTIERREZ. THE ACCRUED AMOUNT WILL BE VESTED AS OF 1/1/2023 IF STILL EMPLOYED AS VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION. BASED UPON THE CALENDAR YEAR 2019 PERFORMANCE PERIOD, JAMES HILLE EARNED $327,111 INCENTIVE COMPENSATION THAT WAS NOT PAID DURING 2019. THE $327,111 DEFERRED INCENTIVE COMPENSATION WILL BE PAID IN CALENDAR YEARS 2020, 2021, AND 2022. THE ACCRUED AMOUNT WILL BE VESTED IN FUTURE CALENDAR YEARS IF EMPLOYED AS CHIEF INVESTMENT OFFICER. HE RECEIVED $183,951 PAYMENT OF PREVIOUSLY EARNED INCENTIVE COMPENSATION DURING CALENDAR YEAR 2019. THE PAYMENT IS INCLUDED IN BONUS & INCENTIVE COMPENSATION IN 2019. THE ACCRUAL OF THIS DEFERRED COMPENSATION WAS REPORTED IN FORM 990 IN PRIOR YEARS. HE ALSO RECEIVED $149,787 PAYMENT OF PREVIOUSLY EARNED DEFERRED COMPENSATION DURING CALENDAR YEAR 2019. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2019. THE ACCRUAL OF $147,754 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. DURING 2019, $40,000 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID FOR JAMES SCHLOSSNAGLE. THIS AMOUNT WILL BE PAID DURING 2020, IF HE IS STILL EMPLOYED AS HEAD BASEBALL COACH. $40,000 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2019 FOR BRYAN LUCAS. THE ACCRUED AMOUNT WILL BE VESTED AS OF 5/31/2022 IF STILL EMPLOYED AS CHIEF TECHNOLOGY OFFICER. Schedule J, Part I, Line 7 Non-fixed payments NON-FIXED PAYMENTS WERE MADE, AS FOLLOWS: VICTOR BOSCHINI RECEIVED A $500,000 PERFORMANCE BONUS. TERESA ABI-NADER DAHLBERG RECEIVED A $20,000 PERFORMANCE BONUS. KATHRYN CAVINS-TULL RECEIVED A $161,055 PERFORMANCE BONUS. JAMES DIXON RECEIVED A $564,051 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. JEREMIAH DONATI RECEIVED A $275,561 BONUS FOR MEETING CONTACT STIPULATIONS. BRIAN GUTIERREZ RECEIVED A $154,507 PERFORMANCE BONUS. BRYAN LUCAS RECEIVED A $158,183 PERFORMANCE BONUS. JEAN MRASEK RECEIVED A BONUS OF $39,153. GARY PATTERSON RECEIVED A $72,000 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. JAMES SCHLOSSNAGLE RECEIVED A $7,500 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. DON WHALEN RECEIVED A PERFORMANCE BONUS OF $155,273. Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception STUART FLYNN WAS HIRED AS DEAN OF THE MEDICAL SCHOOL IN 2016 AND ENTERED INTO A CONTRACT WITH TCU IN 2016, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2019. JEREMIAH DONATI WAS PROMOTED TO ATHLETIC DIRECTOR IN 2017 AND ENTERED INTO A CONTRACT WITH TCU IN 2017, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2019. A RED RIVER EDUCATION FINANCE CORPORATION S2006 752791247 756872DU8 2006-02-15 80000000 TO FINANCE CAMPUS CONSTRUCTION false false false B RED RIVER EDUCATION FINANCE CORPORATION S2013 752791247 756872JC2 2013-09-19 103111809 TO FINANCE CAMPUS CONSTRUCTION true false false C RED RIVER EDUCATION FINANCE CORPORATION S2016A 752791247 756872KS5 2016-01-28 37602546 TO REFUND SERIES 2007 BONDS false false false D RED RIVER EDUCATION FINANCE CORPORATION S2016 752791247 000000000 2016-01-29 35250000 TO REFUND SERIES 2006A BONDS false false false A 0 0 83903941 0 3227336 0 348933 0 0 80327672 0 0 2008 false false true true B 7416019 88455000 103121019 0 0 0 901243 0 0 102219776 0 0 2016 false false true true C 4471697 0 37602546 0 0 0 455737 0 0 0 37146809 0 false true true true D 1340000 0 35250000 0 0 0 274973 0 0 0 34975027 0 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false true true true true Merrill Lynch Capital Services 30.0 false false true Bayerische Landesbank 1.6 true false true B false false false true false false false false true C false true false false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 3 PROCEEDS OF ISSUE - SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUES DIFFERS FROM ISSUE PRICE AS A RESULT OF UNSPENT BOND PROCEEDS GENERATING INVESTMENT INCOME. INVESTMENT INCOME WAS ADDED TO THE ISSUE PRICE TO ARRIVE AT TOTAL PROCEEDS. Schedule K, Part III PRIVATE BUSINESS USE - SCHEDULE K, PART III: TCU HAS ELECTED TO USE PRIVATE FUNDING OR ITS OWN FUNDING FOR ANY PORTION OF THE FACILITIES WHERE PRIVATE BUSINESS USE MAY OCCUR, LEAVING THE BOND PROCEEDS TO BE USED EXCLUSIVELY FOR THE CONSTRUCTION OF THE REMAINING NON-PRIVATE-USE AREAS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2006 The calculation for computing no rebate due was performed on 02/27/2008 Schedule K, Part IV, Line 2c COLUMN B Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2013 The calculation for computing no rebate due was performed on 09/19/2018 Schedule K, Part IV, Line 2c COLUMN D Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2016 The calculation for computing no rebate due was performed on 05/31/2016 Schedule K, Part IV, Line 2c COLUMN A Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2017 The calculation for computing no rebate due was performed on 05/31/2020 A RED RIVER EDUCATION FINANCE CORPORATION S2017 752791247 000000000 2017-12-20 31628000 TO REFUND S2010 BONDS false false false A 807000 0 31628000 0 0 0 171237 0 0 0 31456763 0 false true true true A false false false false 0.0 0.0 0.0 false false true A false false false true false false false false true A true NONE NONE 62075 FINANCIAL AID MERIT SCHOLARSHIPS BUSINESS JET ACCESS TRUSTEE AS OWNER 389945 CHARTER AIR TRAVEL false PROFESSIONAL TURF PRODUCTS TRUSTEE AS OWNER 195257 LANDSCAPING EQUIPMENT false KELLY HART & HALLMAN TRUSTEE AS OWNER 213507 LEGAL SERVICES false ZACH GUTIERREZ SON OF OFFICER 17792 COMPENSATION false X 1 95000 Market value X 98 11375653 Market value X HORSES 13 1478394 Market value X Equipment 1 60000 Market value 7 false true false Schedule M, Part I, Line 33 Explanation of Revenues not Reported DURING THE UNIVERSITY'S FISCAL YEAR, MULTIPLE CHARITABLE AUCTIONS WERE HELD BY DIFFERENT DEPARTMENTS OF THE UNIVERSITY. WHERE APPROPRIATE, THE REVENUES AND EXPENSES FOR THESE EVENTS HAVE BEEN REPORTED ON SCHEDULE G. NONCASH ITEMS WERE DONATED BY PATRONS OF THE UNIVERSITY AND THESE ITEMS WERE THEN SOLD DURING THE AUCTIONS; HOWEVER, THE VALUE OF THE DONATED ITEMS RECEIVED IS NOT REFLECTED ON TCU'S FINANCIAL STATEMENTS. TCU ALSO RECEIVED OTHER MISCELLANEOUS NONCASH ITEMS DURING THE YEAR OF NOMINAL AMOUNTs THAT HAVE NOT BEEN REPORTED ON THE FINANCIAL STATEMENTS OR ON THIS RETURN. Schedule M, Part I, Line 1 Schedule M, Part I, Line 1, column B In Part I, Column B, TCU is reporting the receipt of these noncash contributions based on the number of contributions, which at times also equals the number of items received. Schedule M, Part I Explanations of reporting method for number of contributions Other - HORSES NUMBER OF ITEMS CONTRIBUTED Art - Works of art - NUMBER OF ITEMS CONTRIBUTED Other - Equipment Number of items contributed Form 990, Part III, Line 4a "INSTRUCTION AND FINANCIAL AID:" "INSTRUCTION AND FINANCIAL AID:" THE MISSION OF THE ADDRAN COLLEGE OF LIBERAL ARTS IS TO ADVANCE LIFE-LONG LEARNING AND DISCOVERY IN THE HUMANITIES, LANGUAGES, AND SOCIAL SCIENCES TO ENHANCE OUR SOCIETY, ELEVATE THE HUMAN CONDITION, AND DEVELOP ETHICAL LEADERS. PROFESSIONAL AND PRE-PROFESSIONAL CURRICULA ARE DELIVERED THROUGH 11 ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY INITIATIVES, INCLUDING, THE CENTER FOR DIGITAL EXPRESSION, THE CENTER FOR TEXAS STUDIES, THE CENTER FOR URBAN STUDIES, AND THE CENTER FOR LANGUAGES AND CULTURES. The TCU Neeley School of Business has been nationally ranked in several outlets, including 26th by Poets and Quants in their recent rankings of Best Undergraduate Business Programs. Careers and Employment Opportunities was ranked at #10 in the U.S. and #1 in Texas. TCU Neeley was ranked 15th Best Undergraduate Schools for Entrepreneurial Studies according to The Princeton Review and Entrepreneur magazine. The MBA program has been ranked 8th for best administrated MBA program by The Princeton Review and 1st for MBA Faculty Quality by The Economist three years in a row. The graduate supply chain program was ranked 16th in North America by Gartner. The Executive MBA program was ranked 12th in the world, 5th in the U.S. and 1st in Texas by The Economist. TCU's accounting graduates regularly achieve the #1 CPA exam pass rate in Texas. The accounting program was ranked 20th in the U.S. for undergraduate programs with 17-23 faculty and the graduate program was ranked 21st for programs with 17-23 faculty by the Public Accounting Report. THE COLLEGE OF EDUCATION PREPARES EDUCATORS AND LEADERS FOR DIVERSE, GLOBAL EDUCATIONAL SETTINGS THROUGH MEANINGFUL SCHOLARSHIP, PEDAGOGY AND PRACTICE. THE TEACHER PREPARATION PROGRAM HAS BEEN RECOGNIZED FOR EXEMPLARY, CULTURALLY RESPONSIVE TEACHER PREPARATION. STUDENTS IN THE PROGRAM CHOOSE FROM EARLY CHILDHOOD TO SIXTH GRADE EDUCATION, MIDDLE SCHOOL EDUCATION, SECONDARY EDUCATION AND YOUTH ADVOCACY, WITH A VARIETY OF CONCENTRATIONS AND CERTIFICATION AREAS. IT BOASTS A NEAR 100 PERCENT TEACHER PLACEMENT RATE AND NEAR 100 PERCENT PASS RATE ON STATE CERTIFICATION EXAMS. ADVANCED DEGREES ARE OFFERED IN CURRICULUM AND INSTRUCTION, COUNSELING, SPECIAL EDUCATION, EDUCATIONAL LEADERSHIP, HIGHER EDUCATION AND SCIENCE EDUCATION. THE GRADUATE PROGRAM IS RANKED AMONG THE TOP GRAUATE PROGRAMS IN THE COUNTRY. TCU IS THE ONLY UNIVERSITY IN THE NATION WITH TWO ON-CAMPUS SPECIAL EDUCATION LABORATORY SCHOOLS, STARPOINT AND KINDERFROGS SCHOOL. The John V. Roach Honors College is a learning community of approximately 1200 students of excellence who seek to embody the University's core mission: to educate individuals to "think and act as ethical leaders and responsible citizens in the global community." By honoring the complexities of knowledge in all realms of learning, including the quest to discover one's own mind and voice, the Honors College prepares students for the world. Honors students enjoy small classes that promote high levels of inquiry, engagement, and feedback along with unparalleled opportunities for faculty-mentored research - projects that frequently become platforms for post-undergraduate work. An Honors-enriched TCU education is truly transformative: enriching students' knowledge within and beyond their majors, strengthening their commitments to intellectual honesty, courage, and dialogue, and empowering them to be agents of respectful deliberation and positive change. Students in the Harris College of Nursing & Health Sciences study varied health disciplines, including nursing, communication sciences and disorders, kinesiology, social work and nurse anesthesia. All are "helping professions" dedicated to improving people's lives and transforming global health care. Harris graduates consistently score higher than the national average on their licensing and certification exams. Each academic unit has external accreditation requirements and consistently performs well in these external measures. Faculty members are involved in significant research areas such as pharmacogenetics, obesity prevention, voice disorders, homelessness and patient safety. U.S. News & World Report also ranked TCU # 28 in the 2021 Best Doctor of Nursing Practice programs, #29 in Best Nursing Anesthesia programs, and #72 in Best Speech-Language Pathology programs. THE COLLEGE OF SCIENCE & ENGINEERING OFFERS UNDERGRADUATE MAJORS IN ASTRONOMY & PHYSICS, BIOCHEMISTRY, BIOLOGY, BIOPHYSICS, CHEMISTRY, CHILD DEVELOPMENT, COMPUTER SCIENCE, GEOLOGY, ENGINEERING, ENVIRONMENTAL SCIENCES, MATHEMATICS, NEUROSCIENCE, NUTRITIONAL SCIENCES, PSYCHOLOGY, AND RANCH MANAGEMENT. THE COLLEGE ALSO OFFERS GRADUATE DEGREES, INCLUDING AT THE DOCTORAL LEVEL IN BIOLOGY, CHEMISTRY & BIOCHEMISTRY, MATHEMATICS, PHYSICS & ASTRONOMY, AND PSYCHOLOGY. THE INSTITUTE OF ENVIRONMENTAL STUDIES LEADS INTERDISCIPLINARY EFFORTS IN THE FIELD OF SUSTAINABILITY. THE PREHEALTH PROFESSIONS INSTITUTE HAS BEEN LONG KNOWN FOR AN ACCEPTANCE RATE AT PROFESSIONAL SCHOOLS OF ABOUT TWICE THE NATIONAL AVERAGE. THE COLLEGE'S KAREN PURVIS INSTITUTE OF CHILD DEVELOPMENT HAS MADE AN IMPORTANT IMPACT IN THE LIVES OF AT-RISK CHILDREN THROUGH RESEARCH, INTERVENTION, AND THERAPY. THE RANCH MANAGEMENT AND INSTITUTE ARE WORLD RECOGNIZED. THE INSTITUTE FOR BEHAVIORAL RESEARCH CONDUCTS FEDERALLY FUNDED RESEARCH FOR EVALUATING AND IMPROVING TREATEMENT STRATEGIES THAT TARGET REDUCTIONS IN DRUG ABUSE. RESEARCH OPPORTUNITIES ABOUND FOR UNDERGRADUATES THROUGHOUT THE COLLEGE. TCU's College of Fine Arts has an established reputation for offering the highest quality arts education within a liberal arts environment, drawing on our distinguished faculty's expertise and commitment to students' professional development. Our programs foster collaborations with the leading arts and culture organizations in the DFW Metroplex, including the Amon Carter Museum, the Cliburn, the Fort Worth Symphony Orchestra, the Fort Worth Public Schools, the Kimbell Museum, the Modern Art Museum of Fort Worth, and Texas Ballet Theater. The College hosts numerous public programs, including its distinguished PianoTexas International Academy & Festival, the biennial Latin American Music Festival, the Festival of American Song, and annually presents numerous world premieres of original compositions. THE BOB SCHIEFFER COLLEGE OF COMMUNICATION OFFERS PROGRAMS IN COMMUNICATION STUDIES, FILM-TELEVISION-DIGITAL MEDIA, JOURNALISM AND STRATEGIC COMMUNICATION. THE COLLEGE'S AWARD-WINNING STUDENT ACTIVITIES INCLUDE: ADVERTISING AND PUBLIC RELATIONS CAMPAIGN TEAMS, KTCU CAMPUS RADIO STATION, NEWS GROUPS AND PUBLICATIONS, SPEECH AND DEBATE TEAM, AND TWO STRATEGIC COMMUNICATION AGENCIES THAT SERVE EXTERNAL (ROXO) AND INTERNAL (SCHIEFFER ASSOCIATES) CLIENTS. Form 990, Part III, Line 4b "AUXILIARY ACTIVITIES:" TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. AUXILIARY ACTIVITIES AT TEXAS CHRISTIAN UNIVERSITY CONSIST PRIMARILY OF RESIDENCE HALLS, DINING SERVICES, CONFERENCE SERVICES, THE UNIVERSITY BOOKSTORE, TCU PRESS, EXECUTIVE EDUCATIONAL PROGRAMS, AND MUSIC PREPARATORY PROGRAMS. TEXAS CHRISTIAN UNIVERSITY IS PRIMARILY A RESIDENTIAL CAMPUS, WITH ALMOST ONE HALF OF THE UNDERGRADUATE POPULATION LIVING ON CAMPUS. Form 990, Part III, Line 4c "STUDENT SERVICES:" TEXAS CHRISTIAN UNIVERSITY OFFERS STUDENT SERVICES, AND THE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO HIS OR HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES CONSISTS PRIMARILY OF INTERCOLLEGIATE ATHLETICS, THE HEALTH AND COUNSELING CENTER, OFFICE OF ADMISSIONS, REGISTRAR, STUDENT DEVELOPMENT SERVICES, CAREER CENTER, CAMPUS LIFE, CAMPUS RECREATION, CAMPUS MINISTRY, STUDENT GOVERNMENT, STUDENT ACTIVITIES, COMMUNITY INVOLVEMENT, INTERCULTURAL AND OUTREACH SERVICES, I.D. CARD OFFICE, AND ORIENTATION. Form 990, Part III, Line 4d FORM 990, PART III, LINE 4D: ALL OTHER PROGRAM SERVICES INCLUDES RESEARCH AND ACADEMIC SUPPORT. RESEARCH CONSISTS OF EXPENDITURES FOR RESEARCH AND DEVELOPMENT ACTIVITIES THAT ARE FUNDED BY GRANTS OR CONTRACTS FROM FEDERAL, STATE OR LOCAL GOVERNMENTS, FOUNDATIONS OR OTHER OUTSIDE PARTIES. ACADEMIC SUPPORT CONSISTS OF THE OPERATION OF THE UNIVERSITY'S CENTRAL LIBRARY SYSTEM, WRITING CENTER, INSTRUCTIONAL AND ACADEMIC SERVICES, THE LABORATORY SCHOOL FOR LEARNING DISABLED STUDENTS, EARLY CHILDHOOD EDUCATION PROGRAMS, ACADEMIC AFFAIRS, AND THE OPERATION OF TECHNOLOGY RESOURCES FOR THE CAMPUS COMMUNITY. THE CENTRAL LIBRARY SYSTEM OFFERS STUDENTS AND FACULTY ACCESS TO OVER 2 MILLION BOOKS AND AUDIO-VISUAL MATERIALS, AND A NUMBER OF COLLECTIONS. Form 990, Part III, Line 4a 'INSTRUCTION AND FINANCIAL AID" THE SCHOOL OF INTERDISCIPLINARY STUDIES (SIS) IS A KEY SPACE COMMITTED TO INTERDISCIPLINARY APPROACHES TO ADDRESS CRITICAL SOCIAL ISSUES OF OUR DAY. SIS IS AN INTELLECTUAL AND INNOVATIVE SPACE THAT NURTURES SCHOLARSHIP THAT EXAMINES RACE, GENDER, SEXUALITY, CLASS, EQUITY, CULTURE, AND COMMUNITY IN AN INTERSECTIONAL FRAMEWORK. SIS IS A PIVOTAL SITE TO ADVANCE INCLUSIVE EXCELLENCE AT TCU THAT OFFERS UNDERGRADUATE MAJORS IN COMPARATIVE RACE AND ETHNIC STUDIES (CRES), WOMEN & GENDER STUDIES (WGST), AND INTERDISCIPLINARY INQUIRY (A DESIGN YOUR OWN MAJOR); MINORS IN CRES, WGST, AFRICAN AMERICAN AND AFRICANA STUDIES, LATINX STUDIES; AND GRADUATE CERTIFICATES IN CRES AND WGST. THE IDEAFACTORY EQUIPS TCU AND THE COMMUNITY WITH THE TOOLS OF HUMAN-CENTERED DESIGN THINKING, AND UNIVERSITY LIFE (UNLF) IS A STUDENT SUCCESS SEMINAR FOR INCOMING TCU STUDENTS. TCU AND UNTHSC JOINED TOGETHER IN JULY 2015 TO FORM A NEW ALLOPATHIC MEDICAL SCHOOL; THE TCU AND UNTHSC SCHOOL OF MEDICINE IS REDEFINING MEDICAL EDUCATION, BY ABANDONING AN OUTDATED LECTURE MODEL AND ELEVATING THE CLINICAL EXPERIENCE. OUR MISSION IS TO TRANSFORM HEALTH CARE BY INSPIRING EMPATHETIC SCHOLARS. THIS IS ACCOMPLISHED THROUGH SEVERAL NOVEL MODALITIES. COMMUNICATION IS EMBEDDED THROUGHOUT THE CURRICULUM TO CREATE EXCEPTIONAL COMMUNICATORS AND ACTIVE LISTENERS. THE CURRICULUM IS WHOLLY CENTERED ON THE PATIENT, ALLOWING STUDENTS TO RETAIN THE EMPATHY WITH WHICH THEY START MEDICAL SCHOOL. STUDENTS BEGIN SEEING PATIENTS FROM THEIR FIRST WEEK IN MEDICAL SCHOOL AND HAVE ONE-ON-ONE MENTORING RELATIONSHIPS WITH CLINICAL FACULTY. PHYSICIAN DEVELOPMENT COACHES FOSTER A PERSONAL RELATIONSHIP THAT CONTRIBUTES TO STUDENT PROFESSIONAL IDENTITY FORMATION WHILE PROVIDING AN ADDITIONAL LAYER OF SUPPORT TOWARD OUR STUDENTS' ACADEMIC SUCCESS AND WELLNESS. STUDENTS LEARN IN AN ADULT-LEARNER MODEL USING FLIPPED CLASSROOMS AND NO LECTURES. WE ALSO UTILIZE AUGMENTED INTELLIGENCE AND MIXED REALITY TO ADVANCE HOW STUDENTS LEARN AS WE PREPARE THEM FOR THE FUTURE. TCU ALSO OFFERS A BROAD ARRAY OF EXTENDED EDUCATION OPPORTUNITIES. TCU PROVIDES INTERNAL GRANT RESOURCES WHICH ARE AVAILABLE TO THE COLLEGES AND SCHOOLS FOR THE PURPOSE OF SPONSORING NEW AND INNOVATIVE IDEAS FOR INSTRUCTION. THESE RESOURCES ARE AWARDED ON THE BASIS OF MERIT THROUGH A COMPETITIVE PROPOSAL REVIEW PROCESS. TCU IS COMMITTED TO FOSTERING INNOVATION THROUGH THIS APPROACH AS A MEANS TO SUPPORT CONTINUOUS IMPROVEMENT IN ACADEMIC PROGRAMMING. TCU IS COMMITTED TO ENROLLING TALENTED, MOTIVATED STUDENTS FROM DIVERSE BACKGROUNDS. TO THAT END, TCU OFFERS A FULL RANGE OF SCHOLARSHIPS, FINANCIAL AID, AND FINANCING OPTIONS TO FAMILIES OF ALL INCOME LEVELS. APPROXIMATELY 83 PERCENT OF TCU STUDENTS RECEIVE SOME TYPE OF ASSISTANCE FROM THE OFFICE OF SCHOLARSHIPS AND FINANCIAL AID. In March 2020, the World Health Organization declared the outbreak of COVID-19 to be a global pandemic. At that time, the University closed its dormitories and moved to an online learning platform for the remainder of the academic year, but returned in the Fall 2020 semester with a mixture of in-person and online courses. The dormitory closure resulted in a decision to refund a pro-rated amount of housing fees and meal plans to students no longer living on campus. The university continues to make appropriate adjustments to our ongoing operations, which allow us to protect our students and campus community from the significant impacts COVID-19. Form 990, Part III, Line 4d Description of other program services (Expenses $ 67,556,976 including grants of $ 0)(Revenue $ 7,807,325) SEE SCHEDULE O Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY TCU'S WHISTLEBLOWER POLICY IS INCLUDED IN ITS WRITTEN CODE OF CONDUCT POLICY. THAT POLICY ADDRESSES HOW TO REPORT SUSPECTED VIOLATIONS OR CONCERNS, INCLUDING IDENTIFICATION OF STAFF MEMBERS AND OUTSIDE PARTIES TO WHOM SUCH INFORMATION CAN BE REPORTED, AS WELL AS DISCIPLINARY ACTION FOR ACTS OF RETALIATION. THE CODE OF CONDUCT POLICY HAS BEEN ADOPTED BY THE GOVERNING BOARD OF THE UNIVERSITY AS THE UNIVERSITY'S WHISTLEBLOWER POLICY. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons BRENDA CLINE & LUTHER KING - Business relationship, BRENDA CLINE & KIMBELL FORTSON WYNNE - Business relationship, MARK JOHNSON, BRYAN KING, AND LUTHER KING - Business relationship, G. Malcolm Louden, F. Howard Walsh III - Business relationship, Luther King, Bryan King - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED INTERNALLY BY TCU'S FINANCIAL MANAGEMENT, INCLUDING THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, BEFORE BEING PRESENTED TO THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE FOR REVIEW. TCU MANAGEMENT PROVIDES SPECIFIC DISCLOSURES RELATING TO INDIVIDUAL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES TO THE AFFECTED INDIVIDUALS FOR THEIR REVIEW. THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE AND CHANCELLOR REVIEW FORM 990 BEFORE IT IS DISTRIBUTED TO ALL OTHER TRUSTEES. AFTER REVIEW AT ITS SPRING MEETING, THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AUTHORIZES THE ONLINE DISTRIBUTION OF FORM 990 TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. THE FORM 990 REVIEW PROCESS BY THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AND DISTRIBUTION TO ALL TRUSTEES HAS BEEN FORMALLY INCORPORATED INTO TCU'S AUDIT, RISK, AND COMPLIANCE COMMITTEE CHARTER. Form 990, Part VI, Line 12c Conflict of interest policy TCU HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR ALL EMPLOYEES AS WELL AS FOR TRUSTEES. OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, ALONG WITH A LIST OF THE NAMES OF OTHER OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THEY ALSO RECEIVE A CONFLICT OF INTEREST STATEMENT THAT MUST BE COMPLETED AND SIGNED, AND RETURNED TO THE CHANCELLOR. THE STATEMENT REQUIRES EACH INDIVIDUAL TO DISCLOSE WHETHER THEY HAVE ANY CONFLICTS OF INTEREST AND TO DESCRIBE THE NATURE OF ANY SUCH CONFLICTS. THE STATEMENT ALSO REQUIRES THE INDIVIDUAL TO DISCLOSE FAMILY RELATIONSHIPS AND BUSINESS RELATIONSHIPS WITH TCU AS WELL AS WITH OTHER OFFICERS, TRUSTEES, OR KEY EMPLOYEES. THE CHANCELLOR'S OFFICE FOLLOWS UP TO ENSURE THAT A SIGNED CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH AFFECTED INDIVIDUAL. THE CHANCELLOR AND THE CHAIR OF THE BOARD OF TRUSTEES REVIEW EACH STATEMENT. ANY POTENTIAL CONFLICTS ARE ALSO REVIEWED WITH TCU'S LEGAL COUNSEL AND FOLLOW UP UNDERTAKEN AS NEEDED TO ADDRESS ANY IDENTIFIED CONCERNS. THE STATEMENTS ARE ALSO PROVIDED TO THE FINANCE DEPARTMENT FOR REVIEW AND FOR FORM 990 DISCLOSURE PURPOSES. WITH RESPECT TO SPECIFIC TRANSACTIONS INVOLVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST, THE POLICY REQUIRES DISCLOSURE TO BE MADE AT THE EARLIEST POSSIBLE TIME AND ANNUALLY AFTER THAT. IN ACCORDANCE WITH THE POLICY, TRUSTEES OR OFFICERS CANNOT VOTE ON, NOR PARTICIPATE IN DISCUSSING, ANY MATTER IN WHICH THEY HAVE A CONFLICT OF INTEREST, EXCEPT TO PROVIDE INFORMATION. THE CONFLICT OF INTEREST POLICY FOR TCU EMPLOYEES IS AVAILABLE ON TCU'S HUMAN RESOURCES WEBSITE, IN ADDITION TO THE RELATED CONFLICT OF INTEREST DISCLOSURE FORM. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EMPLOYEES MUST DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE AFTER THEY REALIZE THAT A CONFLICT OR POTENTIAL CONFLICT MAY HAVE ARISEN. THE DISCLOSURE MUST DETAIL THE POTENTIAL OR REAL CONFLICT OF INTEREST AND EXPLAIN HOW THE CONFLICT WILL BE MANAGED, REDUCED, OR ELIMINATED. CONFLICT OF INTEREST DISCLOSURE FORMS FOR EMPLOYEES ARE SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER AND ARE REVIEWED BY TCU'S FINANCIAL MANAGEMENT. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS REPORTED AND ALLOWED TO EXIST UNDER THE REVIEW OF THE FINANCE OFFICE, IT IS REQUIRED THAT THE CONFLICT OR POTENTIAL CONFLICT BE RECONSIDERED ANNUALLY UNTIL IT IS RESOLVED. Form 990, Part VI, Line 15a Process to establish compensation of top management official TCU HAS ESTABLISHED THE FOLLOWING PROCEDURE FOR DETERMINING EXECUTIVE COMPENSATION FOR THE CHANCELLOR AND TO ASSURE THAT THE COMPENSATION MEETS THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS DATA FROM ONE NATIONAL SALARY SURVEY AND PROVIDES ANNUAL SALARY SURVEY COMPENSATION AND BENEFITS DATA TO THE EXECUTIVE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE FOR USE IN DETERMINING THE CHANCELLOR'S SALARY. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHAIR OF THE BOARD APPOINTS A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY TO EVALUATE PERFORMANCE AND TO ASSURE THAT COMPENSATION FOR THE CHANCELLOR IS REASONABLE AND THAT ADEQUATE DOCUMENTATION IS MAINTAINED FOR SUPPORTING THE REASONABLENESS OF COMPENSATION PAID. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE SUBCOMMITTEE. THE SUBCOMMITTEE'S CHARGE INCLUDES REVIEWING THE CHANCELLOR'S SELF-EVALUATION, REVIEWING ANY OTHER MATERIALS SUBMITTED BY THE CHANCELLOR AS PART OF THE EVALUATION, AND REVIEWING THE COMPENSATION PARAMETERS CURRENTLY APPLIED TO THE CHANCELLOR. THE SUBCOMMITTEE MEETS WITH THE CHANCELLOR TO DISCUSS PERFORMANCE AND THE CHAIR OF THE SUBCOMMITTEE/BOARD SUBSEQUENTLY ADVISES THE SECRETARY OF THE BOARD OF THE SUBCOMMITTEE'S COMPENSATON AND BENEFITS RECOMMENDATION FOR THE CHANCELLOR FOR THE COMING ACADEMIC YEAR. THE RECOMMENDATION OF COMPENSATION INCLUDES CONSIDERATION OF PERFORMANCE AS WELL AS CURRENT MARKET COMPENSATION DATA TO ENSURE THE REASONABLENESS OF THE RECOMMENDED COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE TO ASSIST IN EVALUATING AND ESTABLISHING THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2018. THE INDEPENDENT COMPENSATION CONSULTING FIRM REVIEWED FORM 990 DATA FOR COMPENSATION AND BENEFITS PROVIDED TO THE CHANCELLOR ROLE AT A PEER GROUP OF COMPARABLE PRIVATE UNIVERSITIES, AND ALSO REVIEWED THE SALARY SURVEY DATA PROVIDED BY TCU. THE INDEPENDENT COMPENSATION CONSULTING FIRM PREPARED A REASONABLENESS OPINION LETTER BASED UPON ITS REVIEW OF THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2020 AND THE REVIEW OF COMPARABLE MARKET DATA. THE LETTER SERVES TO DOCUMENT THE FIRM'S EVALUATION OF THE APPROVED COMPENSATION AND OUTLINE THE METHODOLOGY, FINDINGS AND THE BASIS FOR ITS OPINION OF ITS REASONABLENESS. IN ADDITION, AN INDEPENDENT LAW FIRM WAS USED BY THE SUBCOMMITTEE TO PREPARE AN EXCESS BENEFIT TRANSACTION LETTER, IN WHICH THE LAW FIRM OPINED THAT THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2020 DID NOT RESULT IN AN EXCESS BENEFIT TRANSACTION. THE CHAIR OF THE BOARD PRESENTS THE SUBCOMMITTEE'S FINAL EVALUATION OF THE CHANCELLOR'S PERFORMANCE AND COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD IN AN EXECUTIVE SESSION AT THE NEXT SCHEDULED MEETING. THE CHAIR OF THE BOARD ADVISES THE FULL BOARD AT THE NEXT SCHEDULED MEETING THAT THE EVALUATION PROCESS WAS CONDUCTED AND COMPLETED AS SET FORTH IN THE EXECUTIVE COMMITTEE CHARTER. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHANCELLOR'S COMPENSATION IN 2020. Form 990, Part VI, Line 15b Process to establish compensation of other employees TCU HAS ESTABLISHED THE FOLLOWING PROCEDURES FOR DETERMINING EXECUTIVE COMPENSATION FOR OTHER OFFICERS AND EXECUTIVE LEVEL EMPLOYEES. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHANCELLOR IS RESPONSIBLE FOR PERFORMING ANNUAL EVALUATIONS AND SETTING SALARIES AND OTHER COMPENSATION COMPONENTS FOR SENIOR ADMINISTRATIVE OFFICERS, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATIONS AND COMPENSATION DETERMINATIONS TO THE EXECUTIVE COMMITTEE DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE CHANCELLOR'S RESPONSIBILITIES, TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF SALARY SURVEY DATA FOR SALARY COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL POSITIONS. EACH SPRING WHEN THE NEW SURVEY DATA IS RELEASED, TCU'S HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING SALARY INFORMATION FOR THE FOLLOWING POSITIONS: CHANCELLOR, VICE CHANCELLORS, DEANS, AND UNIT HEADS WHOSE JOBS CAN BE MATCHED TO SURVEY DATA. EACH YEAR THE SUPERVISING ADMINISTRATOR MEETS WITH SUBORDINATES AND EVALUATES THEIR PERFORMANCE. THIS EVALUATION BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF THE MERIT INCREASE TO BE AWARDED USING THE SALARY SURVEY SUMMARY OF DATA AS A GUIDELINE FOR MAKING THIS DECISION. THIS PROCESS WAS LAST UNDERTAKEN FOR OFFICERS AND OTHER SENIOR EMPLOYEES IN 2020. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE AND THE CHANCELLOR TO ASSIST IN EVALUATING AND ESTABLISHING THE COMPENSATION FOR DISQUALIFIED PERSONS FOR FISCAL YEAR 2020. THE INDEPENDENT COMPENSATION CONSULTING FIRM PERFORMED AN EXECUTIVE TOTAL REMUNERATION EVALUATION THAT CONFIRMED THE APPROPRIATE PEER GROUP FOR BENCHMARKING PURPOSES; GATHERED COMPENSATION AND BENEFITS DATA FOR EACH OF THE PEERS FROM FORM 990 FILINGS, ADJUSTING DATA AS NEEDED, AND MATCHING EACH EXECUTIVE TO THE APPROPRIATE ROLE; GATHERED ADDITIONAL DATA FROM SALARY SURVEYS PROVIDED BY TCU; DETERMINED THE MARKET POSITIONING OF EACH EXECUTIVE'S TOTAL REMUNERATION (COMPENSATION PLUS BENEFITS) RELATIVE TO THE COMPARATOR GROUPS; PREPARED A REPORT SUMMARIZING FINDINGS AND DISCUSSED FINDINGS WITH TCU; AND PREPARED A REASONABLENESS OPINION LETTER DOCUMENTING TCU'S FINAL PAY DECISIONS REGARDING THE EXECUTIVES. THIS PROCESS WAS LAST UNDERTAKEN FOR DISQUALIFIED PERSONS IN 2020. THE VICE CHANCELLOR OF FINANCE IS RESPONSIBLE FOR PERFORMING THE ANNUAL EVALUATION AND SETTING THE COMPENSATION FOR THE CHIEF INVESTMENT OFFICER, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE VICE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATION AND COMPENSATION DETERMINATION TO THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE VICE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE VICE CHANCELLOR'S RESPONSIBILITIES, THE HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF COMPENSATION DATA FOR COMPENSATION COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL INVESTMENT STAFF. THE HUMAN RESOURCES DEPARTMENT ALSO ANNUALLY USES A CALCULATION THAT INCLUDES A QUANTITATIVE AND QUALITATIVE ANALYSIS BASED ON THE PERFORMANCE OF THE ENDOWMENT. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT INDENTIFYING COMPENSATION INFORMATION FOR THE CHIEF INVESTMENT OFFICER. THIS REPORT BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF MERIT INCREASE TO BE AWARDED. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHIEF INVESTMENT OFFICER IN 2020. Form 990, Part VI, Line 19 Required documents available to the public TCU DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. TCU MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TCU'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA TCU'S HUMAN RESOURCES WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue All Other Program Services Revenue - Total Revenue: 11969030, Related or Exempt Function Revenue: 11928031, Unrelated Business Revenue: 40999, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All Other Revenue - Total Revenue: 1208933, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 1208933; Form 990, Part X, Line 20 TAXABLE AND TAX-EXEMPT BOND LIABILITIES THE AMOUNT REPORTED ON LINE 20 INCLUDES TAX-EXEMPT BOND DEBT; REMAINING BOND LIABILITIES ARE REPORTED ON LINE 23. Form 990, Part XI, Line 9 Other changes in net assets or fund balances OTHER MISC. CHANGES - 735; Post Retirement Benefit Actuarial Change - 1977014; Officer Compensation of Assoc. 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