2021-05-09T09:51:19-07:00 2020-06-30 990 2019-07-01 362167855 DOMINICAN UNIVERSITY DOMI 7083662490 7900 W Division Street River Forest IL 603051099 Mark Titzer VP of Finance 7083662490 2021-05-10 2019 2022-09-23 18:48:47Z Mark Titzer 7900 Division Street River Forest IL 60305 105955169 0 0928 X www.dom.edu X 1901 IL As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service and participate in the creation of a more just and humane world. 32 28 1730 252 0 0 15204042 13785939 87765895 89426201 1852114 1801968 4940265 636449 109762316 105650557 35578917 37568379 0 0 43536802 42998822 0 0 2416792 28556711 26444419 107672430 107011620 2089886 -1361063 141628047 139867080 44509876 48900675 97118171 90966405 Dominican University provides Undergraduate and Graduate instruction to students, and administers all of its programs without discrimination of race, color, gender, religion, national or ethnic origin, disability, age, marital status, or sexual orientation. As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service, and participate in the creation of a more just and humane world. 0 0 75784500 37568379 65286953 Instructional Support includes areas related to teaching, research and advising. The University provides an intellectually integrated, mission-centered educational environment with hundreds of avenues for its students at the undergraduate and graduate levels to explore career interests and experience diverse cultures and international environments. It offers more than 50 undergraduate degree options, 25-plus graduate degrees including a PhD program, research opportunities, demanding academics, personal attention and deep interactions in classes that average 12 students. It is deeply committed to enhancing student experiences domestically and abroad. It is committed to the highest quality education-and an intentional affordability that makes it accessible to all. 6787302 0 9933375 Academic Support is provided under the leadership of the Provost and the Associate Provost of the university, and supports the institutional areas of the university. Faculty are supported by the Center for Teaching Excellence whose mission is to support all faculty at all stages of their career as it relates to their role as teachers, student advisers, scholars, and citizens of the community and the university. Faculty committees exist to allow input and transparency into core decisions of the university. The Faculty Senate provides a central voice for all faculty. The Rebecca Crown Library provides library services to students, faculty, staff and the community. 8847411 0 8059715 Student Services is comprised of the Admissions and Financial Aid offices, Dean of Students Office, Student Involvement, Student Success and Engagement, and Athletics. The Vice President for Enrollment Management oversees the Admissions and Financial Aid offices. By working closely with the marketing department, the Admissions team is responsible for recruiting new and transfer students. By complying with federal and state regulations, the Financial Aid Office is responsible for packaging financial aid for students based on limits set by federal and state governance. Most students receive some form of scholarships or grants. External audits are conducted by various agencies for finance and financial aid. The Dean of Students and Student Success and Engagement Offices, which include (Wellness, Advising, Career Services, and Student Activities) work closely with students to prepare for holistic experiences. Training, tutoring, and various areas of support are the many resources that are provided. Career services help to prepare students for employment during and after their academic tenure. The Athletic Director oversees the university's 14 athletic sports and applies gender equity among the sports. The Athletic Department provides intercollegiate competition opportunities for student athletes of the university regardless of race, gender, ethnicity, or orientation. 3168763 0 6411279 Auxiliary services include student housing, campus dining, and the Performing Arts Theater. The university offers five residence halls (one at its Priory Campus). Housing includes a variety of options ranging from single and double rooms, to suites. Students who live in the residence halls are expected to purchase the campus meal plan; some specific exceptions are allowed. The Performing Arts Theater offers a variety of musical and theater productions. The theater productions are integrated with the Undergraduate Theater Program which supports their theater curriculum. Many students participant in the performances, assist with stage crew set up and tear down, and ticket collections. 3168763 0 6411279 94587976 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 246 0 1 1730 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 X 32 28 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Doris Dumas - Associate VP Finance 7083662490 7900 Division St River Forest IL 60305 Donna M Carroll President 65.00 0 X X 403649 0 70719 Roberto Curci Dean of Brennan School of Business 50.00 0 X 237778 0 58591 Genaro Balcazar VP Enrollment Mgmt and Marketing 50.00 0 X 212232 0 40987 Jeffrey Carlson Provost & VP - Academic Affairs 50.00 0 X 211688 0 33646 Jill Albin-Hill VP for Operations and Technology, CIO 50.00 0 X 165141 0 35879 Mark Titzer VP for Finance 50.00 0 X 178860 0 15690 Kavita Dhanwada Dean of Borra College of Health 50.00 0 X 153363 0 37613 Kristen Bayer Executive Director of Nursing 50.00 0 X 151066 0 28460 Chad Rohman Dean Rosary Coll of Arts & Sciences 50.00 0 X 136383 0 42256 Jacob Bucher Dean of College of Applied Social Sciences 50.00 0 X 136363 0 41314 Khalid Razaki Professor 40.00 X 152601 0 20446 Cyrus Grant Professor, Computer Science 50 0 X 128911 0 44070 Daniel Condon Professor, Economics; Business Law & Ethics 50 0 X 131734 0 32582 Barrington Price VP for Student Success and Engagement 50.00 0 X 122339 0 23401 Claire Noonan VP for Mission and Ministry 50.00 0 X 99473 0 34236 Grace Cichomska VP for University Advancement 50.00 X X 105352 0 12233 David Aron Faculty Trustee 35 0 X 107443 0 488 Michael Kiyosaki Executive in Residence, BSB 25 0 X 25500 0 0 Matthew Toles Trustee 3 0 X 6760 0 0 Robert Pickert Student Trustee 5 0 X 6070 0 0 Thomas D Abrahamson Chair 10.00 0 X X 0 0 0 Anne M Kohler Vice Chair 10.00 0 X X 0 0 0 Kevin M Killips Immediate Past-Chair 10.00 X X X 0 0 0 Patricia O'Neill Baker Trustee 3.00 0 X 0 0 0 Jean Brennan Trustee 3.00 0 X 0 0 0 Mary Ann Brown Trustee 3.00 X 0 0 0 Mary E Callow Trustee 3.00 X 0 0 0 Mark Carroll Trustee 3.00 0 X 0 0 0 Mary Elizabeth Cleary Trustee 3.00 0 X 0 0 0 Mary Ann Cronin Trustee 3.00 0 X 0 0 0 Paul C Darley Trustee 3.00 0 X 0 0 0 Thomas R Dee Trustee 3.00 X 0 0 0 Mark Fields Trustee 3.00 0 X 0 0 0 Manuel Flores Trustee 3.00 0 X 0 0 0 Yonhee Gordon Trustee 3.00 0 X 0 0 0 Mary Jo Herseth Trustee 3.00 0 X 0 0 0 Steve Holli Trustee 3.00 0 X 0 0 0 Judith A Jewison OP Trustee 3.00 0 X 0 0 0 Bernadine Karge OP Trustee 3.00 0 X 0 0 0 Joseph Moskal Trustee 3.00 0 X 0 0 0 Patricia A Mulcahey OP Trustee 3.00 X 0 0 0 Martin J Noll Trustee 3.00 0 X 0 0 0 Antonio Ortiz Trustee 3.00 X 0 0 0 Raymond C Parmer Trustee 3.00 0 X 0 0 0 William Rogalla Trustee 3 0 X 0 0 0 Steven R Thomma Trustee 3.00 X 0 0 0 Hugh Toner Trustee 3.00 0 X 0 0 0 2872706 0 572611 39 1 1 0 Pepper Construction 643 North Orleans Street Chicago IL 60610 Construction 2869802 Quest Food Services 2500 S Highland Ave Suite 250 Lombard IL 60148 Food services 1412290 Able Building Maintenance PO Box 39000 San Francisco CA 941390001 Janitorial Services 1158281 Ward Contracting 5117 Dansher Rd Countryside IL 60525 Construction 949171 Collegis LLC 1415 W 22nd St Suite 300 Oak Brook IL 60523 Education and marketing services 857560 33 0 0 177877 0 8903370 4704692 150976 13785939 Tuition and Fees 611310 82460660 82460660 0 0 Auxiliary Revenues 611710 6411279 6411279 0 0 Financing and Transcripts 611710 429731 429731 0 0 Parking and Permit Revenue 611710 124531 124531 0 0 0 0 0 0 89426201 1653122 0 0 1653122 0 0 0 0 0 0 0 0 40906 0 40906 0 0 0 0 0 0 0 307980 0 159134 0 148846 0 148846 0 0 148846 187800 177877 104572 83228 0 83228 0 0 0 0 0 0 0 0 0 0 0 0 Indirect Cost Revenue 611310 184078 0 0 184078 369143 265120 0 104023 553221 105650557 89691321 0 2173297 0 0 37568379 37568379 0 0 0 0 2406615 1574357 550911 281347 0 0 0 0 31451204 27481598 3172134 797472 1529179 1393431 79781 55967 5098896 4169967 735970 192959 2512928 2039707 405806 67415 508538 161615 345236 1687 116114 0 116114 0 77700 0 77700 0 0 0 0 0 0 0 0 0 0 0 2187415 1964501 76527 146387 575850 267426 241026 67398 862397 591886 226701 43810 1666713 1639749 0 26964 0 0 0 0 1231494 1086465 96686 48343 642929 610855 22343 9731 0 0 0 0 743451 626304 77815 39332 1599684 0 1599684 0 0 0 0 0 3264700 2774995 326470 163235 514622 442212 49140 23270 Restricted Grants & Gifts 3198509 2216253 982256 0 Plant O&M & Campus Safety 5439773 4623807 543977 271989 Food/Contracted Food 1970844 1908251 39973 22620 Athletics (non-wages/benefits) 607022 607022 0 0 1236664 839196 240602 156866 107011620 94587976 10006852 2416792 5793 3076 7391674 6249652 4880147 2969444 4688064 4906348 0 0 0 0 0 0 0 0 623298 757557 136413876 62777237 72459785 73636639 46340266 46059310 0 0 0 0 0 0 5239020 5285054 141628047 139867080 5480151 7729652 0 0 246846 108833 29303644 28528523 823772 941183 0 0 0 0 0 0 8655463 11592484 44509876 48900675 X 51915299 47717417 45202872 43248988 97118171 90966405 141628047 139867080 X -1361063 0 0 0 0 -4790703 X 0 1 X 1 1 1 X 13484918 11033879 11630506 15204042 13785939 65139284 13484918 11033879 11630506 15204042 13785939 65139284 6855099 58284185 1517073 1557334 1441593 1809928 1801968 8127896 110228 126634 136272 39891 40905 453930 0 0 0 0 0 0 73721110 430099779 0.79060 0.8863 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X Teaching 0 0 0 40444991 1937249 -114096 1365000 0 68989 40834155 35577238 3856756 2298346 1200000 0 87349 40444991 33028471 1839914 1993076 1200000 0 84223 35577238 30280238 302904 3519187 1000000 0 73858 33028471 31317870 1392373 -1430005 1000000 0 0 30280238 0.2054 0.6523 0.1423 0 0 0 3070652 3070652 0 109683392 47752244 61931148 0 6571048 6077382 493666 0 13764801 8947611 4817190 0 3323983 0 3323983 73636639 Beneficial Interest in a Perpetual Trust 2694008 Other-retirement plan 1759517 Beneficial Interest in trust & split Interest 831529 5285054 0 Financial Instruments-Interest Rate Swap 10121658 Deferred Compensation 1425161 Lease Obligation 45665 11592484 X 63436953 -4790703 0 0 145478 -4645225 68082178 0 37568379 37568379 105650557 69588719 0 0 0 145478 145478 69443241 0 37568379 37568379 107011620 Schedule D, Part III, Line 1 Collections, which are acquired mostly through donations since the University's inception are not reflected in the Statements of Activities or the Statements of Financial Position Schedule D, Part III, Line 4 The University's permanent collection of works of art are mainly for teaching, research, and exhibition. Most pieces of art are tagged and logged in the inventories and archives. These collections of works of art are displayed in many places throughout the campus. Schedule D, Part V, Line 4 The University's endowment provides revenue to support its mission. It consist of approximately 210 individual funds established for a variety of purposes, mostly for student scholarships. It includes donor restricted funds, funds designated by the Board of Trustees, and pledges receivable. Net assets associated with endowed funds, including funds designated by the Board of Trustees to function as endowment, are classified and reported based on the donor's intent. The University complies with the Uniformed Prudent Management of Institutional Funds (UPMIFA) to allocate the accumulations of earnings of the funds, and follows the Board of Trustees approved Endowment Spending Policy. Schedule D, Part X, Line 2 The University has received a favorable determination letter from the Internal Revenue Service stating that the University is exempt from federal income taxes under the provisions of Section 501(c)3 of the Internal Revenue Code of 1986, as amended, except for income taxes pertaining to unrelated business income. Management has determined that there are no material uncertain positions that require recognition in the financial statements and does not expect that to change in the next 12 months. The University has properly not accrued any provision for income taxes for the University. There are no interest or penalties recognized in the Statements of Activities or the Statements of Financial Position. Schedule D, Part XI, Line 2d Use of facilities revenues of $40,906 which were offset by relative expenses of $40,906. Fundraising expenses of $104,572 were netted to Revenues. Schedule D, Part XI, Line 4b This amount represents student financial aid $32,054,581; Federal Pell Grants $4,871,058; and restricted gifts that were awarded to students $642,740. Schedule D, Part XII, Line 2d Use of facilities revenues of $40,906 which were offset by relative expenses of $40,906. Fundraising expenses of $104,572 were netted to Revenues. Schedule D, Part XII, Line 4b This amount represents student financial aid $32,054,581; Federal Pell Grants $4,871,058; Restricted gifts that were awarded to students $642,740. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University's nondiscrimination policy is published on the external and internal school's websites, and in general paper circulation that serves segments of the community. Also it is noted in certain emails and school brochures related to student admission and programs. Schedule E, Part I, Line 6 The University receives funds from the U.S. Department of Education for several student financial assistance programs, including the Federal Pell Grant Program, Federal Supplemental Educational Opportunity Grant Program, Federal Work-Study Program, Federal Direct Lending, and the Teacher Education Assistance for College and Higher Education Grant Program. The University also receives various state funding from Illinois, which includes the Illinois Monetary Assistance Program (MAP). 1 Europe (including Iceland and Greenland) 1 1 Program Services Study abroad program in London. 23603 Central America and the Caribbean 0 0 Investments Investments domiciled in the Cayman Islands. Valuation at June 30, 2020 was $3,897,000. 3897000 1 1 3920603 Scholarships to students East Asia and the Pacific 12 96100 Credited to Tuition Account Scholarships to students Middle East and North Africa 49 36160 Credited to Tuition Account Scholarships to students Central America and the Caribbean 1 18000 Credited to Tuition Account 0 0 0 0 1 0 Schedule F, Part I, Line 2 The University has a program that takes place in London. Students opt-in to participation in the program and after advisor approval are able to participate in the program. Students must be degree-seeking, and can be full or part-time enrolled; however, there was no program in fiscal year 2020 and the expense amount was $0. There was, however, $23,603 held in a bank account in London at June 30, 2020. In addition, Investments held in the Cayman Islands had a market value of $3,837,000 as of June 30, 2020. Benefit Concert-Annual 365677 177877 187800 6500 0 4595 65075 0 28402 0 0 365677 177877 187800 6500 0 4595 65075 0 28402 104572 83228 1 Institutional scholarships to students. 2199 0 37568379 The University awards scholarships to eligible students and foreign national students based on its policies. These amounts are applied as non-cash to students' tuition accounts and results in a reduction of tuition costs. Federal Pell Grants are included in this amount. These are funded entirely by the federal government. The amount of Federal Pell Grants for fiscal year ending 6/30/2020 is $4,871,058. The amount in fiscal year ending 6/30/2019 was $5,104,556. Schedule I, Part I, Line 2 The University receives funds from the U.S. Department of Education for several student financial assistance programs, including the Federal Pell Grant Program, Federal Supplemental Educational Opportunity Grant Program, Federal Work-Study Program, Federal Direct Lending, and the Teacher Education Assistance for College and Higher Education Grant Program. The University also receives various state funding from Illinois, which includes the Illinois Monetary Assistance Program (MAP). The university uses the FAFSA (federal form) to apply federal aid. State aid is provided by student per the state. It uses institutional policy to apply institutional funds. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Donna M Carroll President 363648 0 0 0 15000 0 83075 0 12644 0 474367 0 0 0 Roberto Curci Dean of Brennan School of Business 214164 0 0 0 0 0 42504 0 39700 0 296368 0 0 0 Genaro Balcazar VP Enrollment Mgmt and Marketing 193232 0 0 0 0 0 34200 0 25788 0 253220 0 0 0 Jeffrey Carlson Provost & VP - Academic Affairs 190343 0 0 0 0 0 38421 0 16570 0 245334 0 0 0 Jill Albin-Hill VP for Operations and Technology, CIO 148005 0 0 0 0 0 30845 0 22170 0 201020 0 0 0 Mark Titzer VP for Finance 159860 0 0 0 0 0 34200 0 490 0 194550 0 0 0 Kavita Dhanwada Dean of Borra College of Health 137349 0 0 0 0 0 28825 0 24802 0 190976 0 0 0 Kristen Bayer Executive Director of Nursing 146390 0 0 0 0 0 8416 0 24719 0 179525 0 0 0 Chad Rohman Interim Dean of RCAS 121743 0 0 0 26352 0 0 0 30544 0 178639 0 0 0 Jacob Bucher Dean of College of Applied Social Sciences 122083 0 0 0 0 0 25704 0 29890 0 177677 0 0 0 Khalid Razaki Professor 127601 0 0 0 0 0 45000 0 446 0 173047 0 0 0 Cyrus Grant Professor, Computer Science 104911 0 0 0 0 0 43200 0 24870 0 172981 0 0 0 Daniel Condon Professor, Economics; Business Law & Ethics 122062 0 0 0 0 0 17410 0 24845 0 164317 0 0 0 Grace Cichomska VP for University Advancement 91404 0 0 0 0 0 25107 0 1074 0 117585 0 0 0 Schedule J, Part I, Line 1a Payments for the business use of personal residence. The University makes an annual payment of $15,000 to the President for the use of her home for university functions. This arrangement is authorized by the Board of Trustees and is included as part of the President's employment contract. It is also included in the President's taxable income. Schedule J, Part I, Line 4 The Board of Trustees established a Deferred Compensation Plan and a Non Qualified 457(F) Plan for the President of the University. The amount accrued in calendar year 2019 for the Deferred Plan was $0; the amount expensed and remitted to the Non Qualified Plan 457(F) for calendar year 2019 was $38,075. This amount was included as Deferred Income on both Part VII and on Schedule J. The President may exercise these plans upon separation from the University. A Village of River Forest Cook County IL 366006070 2014-10-28 3074527 Bond Refinance 0 1 0 B Village of River Forest Cook County IL 366006070 2014-10-10 10000000 Bond Refinance 0 1 0 C Illinois Finance Authority 861091967 2014-08-20 19800000 Bond Refinance 0 0 0 A 999006 0 3074527 0 0 0 0 0 0 0 3074527 0 1 0 1 1 B 3249298 0 10000000 0 0 0 0 0 0 0 10000000 0 1 0 1 1 C 0 0 19800000 0 0 0 0 0 0 0 19800000 0 1 0 1 1 A 0 0 1 1 0 0 0 0 B 1 1 1 1 0 0.02 0.02 0 0 0 C 0 0 1 1 0 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 C 0 0 0 1 1 0 0 0 0 A 0 B 0 C 1 Schedule K, Part I, Column a-10/28/2014 3,074,527 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate Industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a year 2000 Demand Revenue Bond and a year 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the year 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Revenue Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014, and are set to mature on August 5, 2024. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publicly traded. Schedule K, Part I, Column b-10/10/2014 10,000,000 Village of River Forest Cook County IL During 2009, the Village of River Forest, Illinois, in the county of Cook, issued $16,200,000 of 20 year adjustable-rate industrial Project Revenue Bonds. Pursuant to a loan agreement dated December 1, 2009, the Village of River Forest loaned the proceeds of the bond issue to the University. The proceeds were used to refund the balance of a year 2000 Demand Revenue Bond and a year 2006 Industrial Revenue Bond. In October 2014, the University amended the outstanding balance of the year 2009 bonds. Funding was provided through a $13,074,527 Village of River Forest, Cook County Illinois Industrial Project Revenue Bond Series 2009A and Series 2009B. The amended series were purchased by Fifth Third Bank (formerly MB Financial Bank) on October 10, 2014, and are set to mature on August 5, 2024. Upon completion of the purchase of the bond to Fifth Third Bank, the debt was unsecured, and was no longer publicly traded. Schedule K, Part I, Column c-08/20/2014 19,800,000 Illinois Finance Authority In March 2006, the University issued $30,000,000 of 30 year adjustable-rate demand revenue bonds through the Illinois Finance Authority. The proceeds were used to acquire, construct, and equip certain projects of the University's facilities. In August 2014, the University refinanced the outstanding balance of the above-mentioned bond. Funding was provided through a $19,800,000 Illinois Finance Authority Revenue Refunding Bond, Series 2014. The Refunding Bond was purchased by Fifth Third Bank (formerly MB Financial Bank) on August 5, 2014, and has a 10-year maturity date of year 2024. Upon completion of the purchase, the debt was unsecured, and was no longer publicly traded. The interest rate of the Series 2014 bonds are set weekly on 70% LIBOR plus designated basis points determined at the beginning of each interest period. Schedule K, Part IV, Line 2c-10/28/2014 3,074,527 Village of River Forest Cook County IL No interest is due. Schedule K, Part IV, Line 2c-10/10/2014 10,000,000 Village of River Forest Cook County IL No interest is due. Schedule K, Part IV, Line 2c-08/20/2014 19,800,000 Illinois Finance Authority No interest is due. X 1 500 FMW X 3500 FMV X 7 146946 FMV X 1 30 FMV 0 0 1 0 Schedule M, Part I The University receives stock gifts from donors which are liquidated and included in the Statement of Activities upon sale. The University also receives gifts in kind which are not recorded on the general ledger, but are tracked for reporting purposes. Form 990, Part VI, Section A, Line 1a There are no material differences between the voting and non-voting members who are independent. The non-independent members include the President, the Faculty Trustee, and the Student Trustee. Form 990, Part VI, Section A, Line 2 One member of the Board of Trustees has a family relationship with an officer of the university. The officer does not have access to create or adjust financial records. Form 990, Part VI, Section A, Line 6 The university has Members. The Members of the University shall be Prioress, Councilors, and the Treasurer of the Sinsinawa Dominican Congregation. Thereafter, Members may appoint, in their sole discretion, new Members. Form 990, Part VI, Section A, Line 7a The University has Members. The Members of the University shall be Prioress, Councilors, and the Treasurer of the Sinsinawa Dominican Congregation. Thereafter, Members may appoint, in their sole discretion, different Members (a) when the Members, decide to increase the number of Members; or (b) when vacancies occur by death, resignation, failure of qualification, or otherwise. At all times, Members shall be comprised of a majority of persons who are Sisters of the Dominican Congregation. Members shall consist of no fewer than three, and no more than seven persons. Each Member shall serve a term of that number of years determined by the Members as the length of term for Members. Form 990, Part VI, Section A, Line 7b Reserved powers of Members. Members have the power to change or approve changes as recommended by the Sponsor's Council, to the mission of the University, and to assure continuing harmony between the mission of the Sinsinawa Dominicans and the mission of the University. Members also have powers to ensure the following: the Catholic identity; approve real property purchases, transfers, and sales; approve debt, in excess of predetermined amounts; amend Articles of Incorporation; and approve merger, consolidation, liquidation or dissolution. To ensure the existence of the Board of Trustees appointments. Form 990, Part VI, Section B, Line 11b The tax returns are prepared by Management of the University and reviewed by an independent and external audit teams. These returns are provided, in advance by private email, to the Audit and Risk Management Committee of the Board of Trustees for review and discussion. The Audit and Risk Management Committee reviews and accepts the tax returns to be filed. By private email, a copy of the tax return is made available to all members of the Board of Directors prior to being filed. Once all reviews are done, and after the Vice President for Finance's final review, the tax returns are electronically filed. Form 990, Part VI, Section B, Line 12c The University has a written Conflict of Interest Policy that has been approved by the Board of Trustees. It covers each Board of Trustee Member, Officers, and Key employees (covered members) of the University. The Policy requires, annually, that each covered member reviews the policy and discloses any possible personal, family, or business relationship that could give rise to a conflict involving the University. The scope of the conflict includes any material facts of a proposed transaction, and the covered person's interest or relationship in respect to the transaction. Management of the University follows up to ensure timely responses are received, and reviews the responses to determine whether a conflict exist. If a conflict exist, the covered member (Board of Trustees member) must excuse themselves from being included when the Committee takes action on a proposed transaction, but can be included in a quorum count. Form 990, Part VI, Section B, Line 15 Compensation for the President of the University is determined by the Board of Trustees. Annually, they determine the base compensation based on the comparability data provided by the Executive Director of Human Resources. Any bonuses and other indirect compensation is based on meeting stated goals, which are approved by the Executive Committee of the Board of Trustees and included as part of the President's contract. For all other top management positions such as officers, key employees, and academic deans, the President determines the initial compensation based on the data that the Executive Director of Human Resources gathered in relation to market data for similar positions. Annually the Executive Director of Human Resources reviews all compensation including the senior or top management for equity. Any compensation recommendations are approved by the President and the Vice President for Finance. The compensation review process for the President, Officers, and Key employees is completed on an annual basis. Form 990, Part VI, Section C, Line 19 Dominican does not make its governing documents, conflict of interest policy, and financial statements available to the public but they are available upon requests. Form 990, Part XI, Line 9 Losses for FY20 include the following: Return on Investments in excess of spending rate = $1,678,165; Change in FV of beneficial interests = $144,408; Swap value change in value = $2,968,130. SINSINAWA DOMINICAN CONGREGATION 585 Country Road Sinsinawa WI 53824 390816854 Ministry WI 501 (C) (3) Line 1 N/A 0 IRREVOCABLE CHARITABLE TRUST BMO Private Bank 111 W Monroe St Chicago IL 60603 Interest in an Irrevocable Trust IL BMO Harris Bank-Trustee T 0 0 CHARITABLE REMAINDER UNITRUST 2016 BAYTREE DRIVE LAS VEGAS NV 89134 PASSIVE INCOME IL N/A T 0 5345 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 IRREVOCABLE CHARITABLE TRUST s 112625 The University is the recipient of an irrevocable perpetual trust from a donor's estate, and has an interest in the trust's income only. The University will never receive the assets in the trust. CHARITABLE REMAINDER UNITRUST a-i 5345 Receipt of interest, dividends, and gains from a donor's estate. Schedule R, Part II Founded in 1901 as St. Clara College in Sinsinawa, Wisconsin, home of the Sinsinawa Dominicans, Dominican University began as a women's college under the fundamental values that continue to guide the university today. Its rigorous education, diversity of thought, its commitment to social justice, and close mentoring of students to enable them to make a positive difference in the world. In 1922, the university relocated to its current location in River Forest, Illinois, where it was renamed to Rosary College. The new college rapidly expanded its curriculum and reach into the next decades establishing the nation's first study abroad programs, launching graduate programs and becoming coeducational. To reflect its stature as a respected, comprehensive and modern university, it was renamed to Dominican University in 1997. Today, Dominican is a premier Catholic University that ranks among the top masters' level universities in the Midwest. While maintaining its core Catholic identity, the University enrolls and mentors students of all faith backgrounds. Living out the ideals of founding sisters and those of Father Samuel Mazzuchelli, founding Father of the Sinsinawa Dominicans, the university is committed to giving compassionate service and to participating in the creation of a more just and humane world. Gifts received from the Sinsinawa Dominican Order in the Fiscal Year 2019-2020 was $69,850. The University applied and received an extension to file Year 2019 Form 990. The extension was granted. The revised filing due date for this filing is May 15, 2021.