2021-05-17T07:01:23-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-07-01 210650678 RIDER UNIVERSITY RIDE 6098965000 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 JAMES P HARTMAN VP FINANCE AND TREASURER 6098965000 2021-05-12 1 CONNIE M LIRA P00481097 2156433900 2021-05-11 2019 2022-09-23 18:48:47Z DR GREGORY DELL'OMO 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 283653776 0 X WWW.RIDER.EDU X 1865 NJ RIDER UNIVERSITY IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION FOUNDED IN 1865. 28 28 3485 719 564140 0 20549823 23229204 206997740 198291392 3708061 2844439 1577386 933662 232833010 225298697 80322997 84345995 0 0 94032972 93632791 54788 45692 3116680 57377469 56175644 231788226 234200122 1044784 -8901425 281014163 278802595 123049840 134792144 157964323 144010451 X SEE SCHEDULE O FOR RIDER UNIVERSITY'S VISION, MISSION, AND PROMISE. 0 0 139533724 83778264 100142413 INSTRUCTION: RIDER UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE, TEACHING ORIENTED INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC AND ATHLETIC SCHOLARSHIPS, GRANTS AND STUDENT WORKSTUDY PROGRAMS. RIDER UNIVERSITY IS CURRENTLY ORGANIZED INTO FIVE COLLEGES - THE COLLEGE OF LIBERAL ARTS AND SCIENCES; THE COLLEGE OF EDUCATION AND HUMAN SERVICES; NORM BRODSKY COLLEGE OF BUSINESS; THE COLLEGE OF CONTINUING STUDIES; AND THE WESTMINSTER COLLEGE OF THE ARTS. SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS FOR INSTRUCTION. 25656033 0 46080924 STUDENT SERVICES: RIDER UNIVERSITY PROVIDES THESE SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. THESE SERVICES INCLUDE: ADMISSIONS, ATHLETICS, GREEK LIFE, CAREER SERVICES, COUNSELING CENTER, HEALTH SERVICES, FINANCIAL AID, AND RECREATION PROGRAMS. 21977812 541362 22542535 AUXILIARY ENTERPRISES: PRIMARY ROOM AND BOARD. RIDER UNIVERSITY HAS A LAWRENCEVILLE CAMPUS AND A PRINCETON CAMPUS. THE LAWRENCEVILLE CAMPUS HOUSES APPROXIMATELY 1,930 STUDENTS IN THIRTEEN RESIDENCE HALLS AND SIX GREEK HOUSES. THE LAWRENCEVILLE CAMPUS OFFERS FACILITIES FOR DINING AND SNACKING FOR STUDENTS, FACULTY, STAFF AND GUESTS AT DALY'S DINING HALL, CRANBERRY'S, STARBUCKS, ANDREW J'S AND SWEIGART EXPRESS.THE PRINCETON CAMPUS HOUSES APPROXIMATELY 85 STUDENTS IN THREE RESIDENCE HALLS. THE PRINCETON CAMPUS OFFERS THE DINING COMMONS AND THE WCC PUB FOR MEALS AND SNACKS FOR STUDENTS, FACULTY, STAFF AND GUESTS. 15846401 26369 28461545 ACADEMIC SUPPORT: GENERAL SUPPORT TO THE STUDENTS. THESE INCLUDE ACADEMIC INFORMATION TECHNOLOGY, DEAN'S OFFICES, LIBRARIES, THEATER, ART GALLERY, TV STUDIO, AND OTHER SIMILAR ACADEMIC ACTIVITIES. 592294 0 1063975 RESEARCH: RESEARCH PERFORMED BY FACULTY AND STUDENTS 16438695 26369 29525520 203606264 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 435 0 3485 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO KY MD MA MI NH NY OH OK OR SC WA X X PETER E BIHUNIAK 6098965009 2083 LAWRENCEVILLE ROAD LAWRENCEVILLE NJ 086483099 GREGORY G DELL'OMO PRESIDENT 50.00 X 532400 0 87712 KEVIN A BAGGETT BASKETBALL COACH 37.50 X 344732 0 36026 JAMES P HARTMAN VP FINANCE & TREASURER 50.00 X 299099 0 25730 DONNAJEAN A FREDEEN PROVOST/VP ACADEMIC AFFAIRS 50.00 X 283751 0 38027 KARIN KLIM VP UNIVERSITY ADVANCEMENT 50.00 X 255022 0 43524 MARK A SOLOMON VP LEGAL AFFAIRS & GENERAL COUNSEL 50.00 X 252377 0 39288 GARY M BROSVIC PROFESSOR PSYCHOLOGY 37.50 X 248144 0 23012 DREW C AROMANDO VP ENROLLMENT MANAGEMENT 50.00 X 239708 0 12463 MICHAEL F RECA VP FACILITIES & UNIVERSITY OPERATION 50.00 X 238161 0 12038 CYNTHIA NEWMAN PROFESSOR MARKETING 37.50 X 235678 0 10291 MARSHALL ONOFRIO DEAN WESTMINSTER COLLEGE OF THE ARTS 37.50 X 216747 0 23021 DEBORA Z STASOLLA SECRETARY VP STRATEGIC INITIATIVES & PLANNING 50.00 X 175382 0 27941 PETER E BIHUNIAK AVP FINANCE & CONTROLLER 37.50 X 166463 0 8748 JONATHAN H MILLEN FORMER KEY EMPLOYEE - DEAN 37.50 X 119604 0 18281 ROBERT SCHIMEK CHAIR 1.00 X X 0 0 0 F CHRISTOPHER CAROTHERS VICE CHAIR 1.00 X X 0 0 0 JOHN GUARINO VICE CHAIR 1.00 X X 0 0 0 SUZANNE BORGOS TRUSTEE 1.00 X 0 0 0 JAMES P BUSH TRUSTEE 1.00 X 0 0 0 ROBERT CHRISTIE TRUSTEE 1.00 X 0 0 0 DR JEFFREY CORNELIUS TRUSTEE 1.00 X 0 0 0 MOLLY O'NEIL FRANK TRUSTEE 1.00 X 0 0 0 PATRICIA HARTPENCE TRUSTEE 1.00 X 0 0 0 WARREN HIRSCHHORN TRUSTEE 1.00 X 0 0 0 THOMAS J LYNCH TRUSTEE 1.00 X 0 0 0 THOMAS MARINO TRUSTEE 1.00 X 0 0 0 JOAN MAZZOTTI TRUSTEE 1.00 X 0 0 0 TERRY MCEWEN TRUSTEE 1.00 X 0 0 0 HON MARC A MCKITHEN TRUSTEE 1.00 X 0 0 0 THOMAS M MULHARE TRUSTEE 1.00 X 0 0 0 GARY NEUBECK TRUSTEE 1.00 X 0 0 0 CHRISTOPHER NIKOLICH TRUSTEE 1.00 X 0 0 0 DENISE PETITTA TRUSTEE 1.00 X 0 0 0 MICHELE POWERS TRUSTEE 1.00 X 0 0 0 BARRY RABNER TRUSTEE 1.00 X 0 0 0 MICHAEL RESTUCCIA TRUSTEE 1.00 X 0 0 0 SHERISE RITTER TRUSTEE 1.00 X 0 0 0 WILLIAM M RUE TRUSTEE 1.00 X 0 0 0 JANET L RUSSELL TRUSTEE 1.00 X 0 0 0 HON MARK S SCHWEIKER TRUSTEE 1.00 X 0 0 0 COLLEEN STACY SHAPIRO TRUSTEE 1.00 X 0 0 0 ARTHUR J STAINMAN TRUSTEE 1.00 X 0 0 0 3607268 0 406102 220 1 1 0 ELLUCIAN COMPANY LP 62590 COLLECTION CENTER DRIVE CHICAGO LA 60693 INFORMATION TECHNOLOGY 1698407 ONE SIXTY OVER NINTY LLC 510 WALNUT STREET FLOOR 19 PHILADELPHIA PA 19106 MARKETING 830374 POSITIVE () SOLUTIONS 186 BURNET CRESCENT ROBBINSVILLE NJ 08691 MARKETING 518269 RESOURCE MANAGEMENT GROUP PO BOX 373 LUMBERTON NJ 08048 COVID-19 RELATED SERVICES 390490 PEPPER HAMILTON LLP 301 CARNEGIE CTR SUITE 400 PRINCETON NJ 08540 LEGAL 352058 11 68528 128085 5058177 17974414 6164582 23229204 TUITION AND FEES 611310 174000047 174000047 ROOM AND BOARD 611310 21321973 21321973 OTHER PROGRAM SERVICE REVENUE 611310 2851716 2851716 STUDY TOURS 611310 117656 117656 198291392 1666943 -83654 1750597 536339 536339 19999 19999 206739 47500 0 0 206739 47500 254239 47500 206739 58892416 58251259 641157 641157 39644 601513 84813 128085 103820 -19007 -19007 BUSINESS CONFERENCE CENTER 721000 625325 544407 80918 VENDING MACHINE COMMISSION 900099 30212 30212 FITNESS CENTER 713940 22894 16243 6651 678431 225298697 198291392 564140 3213961 26369 26369 84319626 84319626 2557282 556038 1759220 242024 20403 20403 72077798 60638035 9621341 1818422 2511055 1711253 740895 58907 10461167 6886363 3412440 162364 6005086 4474999 1389443 140644 371863 371863 492732 492732 168500 168500 8715 8715 45692 45692 324720 324720 5243269 2028715 3152949 61605 1259787 380185 766236 113366 2928655 1152695 1715870 60090 5434016 4392115 903455 138446 8817862 8391926 381154 44782 2297923 2183551 90943 23429 691390 585661 60059 45670 1889773 1757086 123204 9483 11276008 10828360 385631 62017 1533937 222408 1311323 206 FOOD SERVICE 6761638 6761638 BOOK/PERIODICALS/SUBSCR 1055961 1030292 11134 14535 ALLOCATIONS/BAD DEBTS 701698 321605 380093 DUES/MEMBERSHIPS 683309 457422 207666 18221 4233888 4107656 69455 56777 234200122 203606264 27477178 3116680 25990 21583 28096191 21672174 21525956 21563243 3680929 3571299 2688781 1967828 323246462 176224982 132327371 147021480 61450445 48964231 26115437 29016799 3174311 2667577 1928752 2336381 281014163 278802595 21916064 21909224 8116000 12339359 78449551 76508359 381542 417201 728303 7645671 13458380 15972330 123049840 134792144 X 70834881 50217352 87129442 93793099 157964323 144010451 281014163 278802595 X -8901425 -3084300 -1968147 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 3763 1 25217 1 8715 37695 0 PART II-B, LINE 1: PAID STAFF AND DIRECT CONTACT: THE PRESIDENT MET WITH KEY LEGISLATORS AND POLICYMAKERS IN AN EFFORT TO ADVOCATE ON BEHALF OF THE STUDENTS AT RIDER UNIVERSITY WHO RECEIVE FINANCIAL SUPPORT FROM THE STATE AND FEDERAL GOVERNMENT. SPEECHES, LECTURES: THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES IN NEW JERSEY (AICUNJ) IS COMMITTED TO THE ADVANCEMENT OF INDEPENDENT HIGHER EDUCATION IN NEW JERSEY. IT SERVES AS A LIAISON WITH THE STATE AND FEDERAL GOVERNMENT ON BEHALF OF THE INDEPENDENT SECTOR. THE PRESIDENT OF RIDER UNIVERSITY ATTENDED AICUNJ MEETINGS, AS WELL AS OTHER INDUSTRY ASSOCIATION MEETINGS, THROUGHOUT FISCAL YEAR 2020 AND SUPPORTED ITS EFFORTS TO ADVOCATE ON BEHALF OF RIDER AND THE INDEPENDENT SECTOR. OTHER LOBBYING ACTIVITIES: THE UNIVERSITY PAYS ANNUAL ASSOCIATION DUES TO AICUNJ, TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU), AND TO THE INDEPENDENT COLLEGE FUND OF NEW JERSEY (ICFNJ). AMONG OTHER SERVICES, THESE ASSOCIATIONS LOBBY ON BEHALF OF SECTOR NEEDS. 0 1 X 67045984 6004689 -339250 3253609 408767 69049047 59732623 8093298 2707988 3035017 452908 67045984 57307247 1591882 4162599 2895013 434092 59732623 55014641 1137210 6336806 2693180 2488230 57307247 56381872 2605904 -1455717 2065856 451562 55014641 0.05660 0.81770 0.12570 0 0 3330000 253359 3583359 214283447 121346706 92936741 27638685 15445081 12193604 77740971 39433195 38307776 147021480 ALTERNATIVES: FIXED INCOME 2590876 F ALTERNATIVES: PRIVATE REAL ASSETS 2711244 F ALTERNATIVES: DOMESTIC EQUITY 3432740 F ALTERNATIVES: FLEXIBLE CAPITAL 4942297 F ALTERNATIVES: PRIVATE EQUITY 5705869 F ALTERNATIVES: INTERNATIONAL EQUITY 5833773 F REAL ESTATE 3800000 C 29016799 ASSET RETIREMENT OBLIGATION 5110062 STUDENT DEPOSITS AND CREDIT BALANCES 4011376 US GOVERNMENT GRANTS REFUNDABLE 2758963 EMPLOYEE AND RETIREE MEDICAL SELF-INSURED LIABILITY 1301197 CAPITAL LEASE 1262726 VENDOR LIABILITIES 742563 ANNUITIES PAYABLE 565725 OTHER LIABILITIES 219718 15972330 X 137882043 -3084300 -84007634 -87091934 224973977 324720 324720 225298697 151835915 2280139 2280139 149555776 324720 84319626 84644346 234200122 PART IV, LINE 2B: THE UNIVERSITY IS A CUSTODIAN OF SEVERAL AGENCY ACCOUNTS TOTALING $417,201. THE AGENCY ACCOUNTS PRIMARILY RELATE TO STUDENT ORGANIZATIONS FOR WHICH THE UNIVERSITY HOLDS THE FUNDS FOR EACH ORGANIZATION UNTIL SUCH TIME AS A CHECK REQUEST IS SUBMITTED BY THE ORGANIZATION FOR REIMBURSEMENT. THIS AMOUNT IS RECORDED AS A LIABILITY ON THE UNIVERSITY'S BALANCE SHEET. PART V, LINE 4: THE ENDOWMENT SPENDING POLICY SUPPORTS SCHOLARSHIPS, GRANTS, FACILITIES, AND PROGRAMS, IN ACCORDANCE WITH THE UNIVERSITY'S MISSION AND DONOR'S RESTRICTIONS. PART X, LINE 2: THE UNIVERSITY IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). ACCORDINGLY, THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2020 OR 2019. IN ADDITION, THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS, AS MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 70,444. WRITE-OFF OF CONTRIBUTION RECEIVABLE 241,548. SCHOLARSHIP ALLOWANCE - TUITION & FEES -83,778,264. SCHOLARSHIP ALLOWANCE - AUXILIARIES -541,362. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 545,349. CHANGE IN VALUE OF PENSION 460,704. EXTRAORDINARY LOSS 1,274,086. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE - TUITION & FEES 83,778,264. SCHOLARSHIP ALLOWANCE - AUXILIARIES 541,362. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES, AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED THE FOLLOWING FEDERAL AND STATE OF NEW JERSEY STUDENT FINANCIAL ASSISTANCE: FEDERAL: FEDERAL DIRECT STUDENT LOAN PROGRAM $34,468,948 FEDERAL PELL GRANT PROGRAM $5,797,233 FEDERAL WORK-STUDY $652,812 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT $446,445 FEDERAL STUDENT SUPPORT SERVICES $40,629 TOTAL FEDERAL STUDENT FINANCIAL ASSISTANCE $41,406,067 STATE OF NEW JERSEY: NJ - TUITION AID GRANT $8,856,880 NJ - GOVERNOR'S URBAN SCHOLARS $2,000 NJ - STARS II $23,750 NJ - EDUCATIONAL OPPORTUNITY FUND $619,929 TOTAL STATE OF NEW JERSEY STUDENT FINANCIAL ASSISTANCE $9,502,559 TOTAL STUDENT FINANCIAL ASSISTANCE $50,908,626 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6352321 NORTH AMERICA 0 0 INVESTMENTS 501291 0 0 0 0 0 0 6853612 0 6853612 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART IV, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORMS 926, 5471 OR 8865 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP REQUIREMENT(S). IN ADDITION, FORM 8621 IS NOT REQUIRED AS THE ORGANIZATION DOES NOT MEET THE APPLICABLE FILING CRITERIA. X X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 140 PROFESSIONAL DRIVE SUITE 2 CABOT AR 720238675 CONSULTS ON PHONATHON PROGRAM 0 127740 45692 82048 127740 45692 82048 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI RACQUET AND TENNIS PATRON DINNER 63090 43125 19965 21325 3441 READINGS & CAROLS PATRON EVENT 61775 48015 13760 18324 500 3 88033 36945 51088 16472 8380 31018 4360 212898 128085 84813 16472 8380 70667 8301 103820 -19007 1 BROOKDALE COMMUNITY COLLEGE 765 NEWMAN SPRINGS ROAD LINCROFT NJ 07738 221849485 501(C)(3) 15494 RECRUITMENT FOR STEM PROGRAMS BUCKS COUNTY COMMUNITY COLLEGE 275 SWAMP ROAD NEWTOWN PA 18940 231646982 501(C)(3) 10875 RECRUITMENT FOR STEM PROGRAMS 2 0 RIDER UNIVERSITY ATHLETIC, MERIT AND NEED-BASED FINANCIAL AID 3995 78051238 RESTRICTED AID USED FOR SCHOLARSHIP 597 4999375 N.J. - EDUCATIONAL OPPORTUNITY FUND 100 557560 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM 978 446445 FEDERAL NSF NOYCE GROW YOUR OWN PIPELINE 13 214302 FEDERAL STUDENT SUPPORT SERVICES PROGRAM 24 40629 FEDERAL AMERICORPS EDUCATION AWARDS 2 10077 PART I, LINE 2: THE UNIVERSITY HAS ESTABLISHED POLICIES, PROCEDURES, AND CONTROLS OVER THE AWARDING, DISBURSING, AND MONITORING OF STUDENT FINANCIAL AID OR ASSISTANCE TO INDIVIDUAL STUDENTS IN COMPLIANCE WITH FEDERAL AND STATE OF NEW JERSEY REGULATIONS AND REQUIREMENTS. IN ADDITION, THE UNIVERSITY HAS AN EXTERNAL AUDIT PERFORMED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200 (UNIFORM GUIDANCE) AND NEW JERSEY OFFICE OF MANAGEMENT AND BUDGET CIRCULAR 15-08. THE UNIVERSITY HAS PROCEDURES AND CONTROLS IN PLACE OVER THE AWARDING, DISBURSING, AND MONITORING OF SUBAWARDS MADE TO ORGANIZATIONS. THESE INCLUDE REVIEWING THE ANNUAL FINANCIAL STATEMENT AND SINGLE AUDIT REPORTS OF THE ORGANIZATION AND REVIEWING ALL SUPPORTING DOCUMENTATION INCLUDING INVOICES RECEIVED BY THE ORGANIZATION. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 GREGORY G DELL'OMO PRESIDENT 481131 0 0 0 51269 0 24547 0 63165 0 620112 0 0 0 KEVIN A BAGGETT BASKETBALL COACH 343108 0 0 0 1624 0 19793 0 16233 0 380758 0 0 0 JAMES P HARTMAN VP FINANCE & TREASURER 250145 0 41533 0 7421 0 12096 0 13634 0 324829 0 0 0 DONNAJEAN A FREDEEN PROVOST/VP ACADEMIC AFFAIRS 257341 0 26410 0 0 0 13293 0 24734 0 321778 0 0 0 KARIN KLIM VP UNIVERSITY ADVANCEMENT 214522 0 33300 0 7200 0 11174 0 32350 0 298546 0 0 0 MARK A SOLOMON VP LEGAL AFFAIRS & GENERAL COUNSEL 228815 0 23562 0 0 0 11860 0 27428 0 291665 0 0 0 GARY M BROSVIC PROFESSOR PSYCHOLOGY 248144 0 0 0 0 0 6760 0 16252 0 271156 0 0 0 DREW C AROMANDO VP ENROLLMENT MANAGEMENT 210922 0 20886 0 7900 0 10513 0 1950 0 252171 0 0 0 MICHAEL F RECA VP FACILITIES & UNIVERSITY OPERATION 204461 0 33000 0 700 0 10162 0 1876 0 250199 0 0 0 CYNTHIA NEWMAN PROFESSOR MARKETING 213917 0 0 0 21761 0 3606 0 6685 0 245969 0 0 0 MARSHALL ONOFRIO DEAN WESTMINSTER COLLEGE OF THE ARTS 211747 0 5000 0 0 0 10676 0 12345 0 239768 0 0 0 DEBORA Z STASOLLA SECRETARY VP STRATEGIC INITIATIVES & PLANNING 158534 0 16848 0 0 0 8480 0 19461 0 203323 0 0 0 PETER E BIHUNIAK AVP FINANCE & CONTROLLER 165763 0 0 0 700 0 7111 0 1637 0 175211 0 0 0 JONATHAN H MILLEN FORMER KEY EMPLOYEE - DEAN 99204 0 0 0 20400 0 0 0 18281 0 137885 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: THE NONTAXABLE BENEFITS AMOUNT OF $29,160 OF PRESIDENT GREGORY G. DELL'OMO INCLUDES THE MARKET VALUE OF THE UNIVERSITY RESIDENCE PROVIDED TO THE PRESIDENT. THE MARKET VALUE OF THE UNIVERSITY RESIDENCE IS APPROXIMATELY 47% OF NONTAXABLE BENEFITS. THE PRESIDENT OF THE UNIVERSITY IS REQUIRED TO ACCEPT LODGING AND LIVE ADJACENT TO THE LAWRENCEVILLE CAMPUS AS A CONDITION OF HIS EMPLOYMENT. SOCIAL CLUB DUES: RIDER UNIVERSITY HAS PAID $14,907 IN SOCIAL CLUB MEMBERSHIP DUES FOR UNIVERSITY BUSINESS PURPOSES ON BEHALF OF PRESIDENT GREGORY G. DELL'OMO, AND $5,842 ON BEHALF OF VP UNIVERSITY ADVANCEMENT, KARIN KLIM. THESE AMOUNTS ARE NONTAXABLE TO THE RECEIPIENTS. PART I, LINE 4B GREGORY DELL'OMO - $36,386. THE PERFORMANCE BONUS THAT THE PRESIDENT RECEIVES SHALL BE CREDITED TO THE RIDER UNIVERSITY 457(F) DEFERRED COMPENSATION PLAN (THE "457(F) PLAN") AND SHALL VEST AS DESCRIBED IN THE 457(F) PLAN. PART I, LINE 7 THE BELOW EMPLOYEES RECEIVED A PERFORMANCE BASED BONUS (VICE PRESIDENT INCENTIVE COMPENSATION PLAN): JAMES HARTMAN - $26,200 DONNAJEAN FREDEEN - $26,410 MARK SOLOMON - $23,562 DEBORA STASOLLA - $16,848 MICHAEL RECA - $33,000 DREW AROMANDO - $20,886 KARIN KLIM - $33,300 VICE PRESIDENT INCENTIVE COMPENSATION PLAN: UNDER THIS PLAN, EACH VICE PRESIDENT WOULD BE ELIGIBLE FOR CONSIDERATION OF AN ANNUAL PERFORMANCE BONUS, IF APPROVED BY THE HUMAN RESOURCES AND SENIOR COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE AMOUNT OF ANY PERFORMANCE BONUS SHALL BE DETERMINED BY THE COMMITTEE, UPON THE RECOMMENDATION OF THE PRESIDENT, IN ITS SOLE DISCRETION AND SHALL BE BASED UPON PERFORMANCE AGAINST PREDETERMINED OBJECTIVES, DURING THE APPLICABLE FISCAL YEAR. THE PRESIDENT, GREGORY DELL'OMO, RECEIVED A BONUS OF $36,386. THE PRESIDENT SHALL BE ELIGIBLE FOR AN ANNUAL PERFORMANCE BONUS. THE AMOUNT OF ANY PERFORMANCE BONUS SHALL BE DETERMINED BY THE BOARD IN ITS SOLE DISCRETION AND SHALL BE BASED ON THE PRESIDENT'S PERFORMANCE DURING THE APPLICABLE FISCAL YEAR. THE PRESIDENT'S PERFORMANCE SHALL BE EVALUATED BY THE BOARD BASED ON MUTUALLY AGREED UPON GOALS DEVELOPED BY THE PRESIDENT AND THE BOARD. MARSHALL ONOFRIO RECEIVED A $5,000 OUTSTANDING ACHIEVEMENT AWARD BONUS. INDIVIDUAL AWARDS BEGIN AT $500 UP TO A MAXIMUM OF $2,000, NOT TO BASE, DEPENDING ON THE SCOPE AND IMPACT OF THE SPECIFIC CONTRIBUTION THE EMPLOYEE MADE TO FURTHER THE MISSION OF THE UNIVERSITY. BONUS WAS APPROVED BY THE DIVISION HEAD AND HUMAN RESOURCES. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 6460652M3 2012-04-04 55203833 CAPITAL IMPROVEMENTS TO UNIVERSITY'S FACILITIES AND REFUNDING OF PRIOR BONDS 0 0 0 B NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 646066DG2 2014-04-29 200975862 ADVANCE REFUND PRIOR POOLED FINANCINGS 0 0 1 C NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 2016-07-26 20805115 CURRENT REFUND PRIOR PERIOD POOLED FINANCINGS 0 0 1 D NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 646066F54 2016-12-20 30676062 TO RENOVATE SPACE WITHIN THE SCIENCE AND TECHNOLOGY BUILDING 0 0 1 A 21820000 55305595 570340 10037181 44698075 2015 1 1 1 1 B 71451 176248 176248 0 1 1 1 C 392095 2181777 2181777 1 0 1 1 D 42557 1010663 2561 8102 1000000 0 0 0 1 A 0 1 1 1 0 0.01000 0.00600 0.01600 0 0 1 B 0 0 1 1 0 0.59600 0.00000 0.59600 0 0 1 C 0 0 1 1 0 0.59600 0.00000 0.59600 0 0 1 D 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 1 1 B 0 0 0 1 0 0 0 1 1 C 0 1 1 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 BOND A, PART I(F): BONDS REFUNDED BY SERIES 2012A: SERIES 2007C (ISSUED 06/21/07), SERIES 2004A (ISSUED 06/17/04), SERIES 2002A (ISSUED 04/03/02). BOND A, PART II, LINE 3: AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I(E) DUE TO INVESTMENT EARNINGS ACCRUED. BOND A, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USED AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. BOND A, PART IV, LINE 2(B): THE PORTION OF THE SERIES 2012A BOND PROCEEDS USED FOR CURRENT REFUNDING MET THE 6-MONTH SPENDING EXCEPTION. BOND A, PART IV, LINE 2(C): THE REBATE REPORT WAS PREPARED BY HAWKINS DELAFIELD & WOOD LLP AND DATED JULY 27, 2015. BOND B, PART I(F): THE BONDS REFUND THE BORROWER'S HECIF SERIES 2004A (ISSUED 04/14/2014). BOND B, PART II REFLECTS ONLY THE AMOUNTS RECEIVED BY RIDER UNIVERSITY WITH RESPECT TO ITS PORTION OF THE POOLED BONDS. BOND B, PART II, LINE 1: AMOUNT SHOWN REPRESENTS THE BONDS RETIRED THAT ARE ALLOCABLE TO THE BORROWER'S PORTION OF DEBT SERVICE RESPONSIBILITY. BOND B, PART III, LINE 7: ALTHOUGH THE PRIVATE USE PERCENTAGE WITH RESPECT TO THE BORROWER'S PORTION OF THE BONDS EXCEEDS 5%, THE BORROWER'S PORTION OF THE BONDS REPRESENTS LESS THAN 5% OF THE BONDS. ACCORDINGLY, ANY PRIVATE PAYMENTS WITH RESPECT TO THE BORROWER'S PORTION OF THE BONDS SHOULD NOT EXCEED 5% OF THE BONDS. BOND B, PART IV, LINE 2(C): THE MOST RECENT 5TH YEAR REBATE REPORT WAS PREPARED BY BLX GROUP AND DATED JULY 16, 2018. BOND C, PART I(F): BONDS CURRENT REFUNDED: HECIF SERIES 2006A (ISSUED 10/26/2006) AND HECIF SERIES 2005A (ISSUED 08/10/2005). BOND C, PART II REFLECTS ONLY THE AMOUNTS RECEIVED BY RIDER UNIVERSITY WITH RESPECT TO ITS PORTION OF THE POOLED BONDS. BOND C, PART III, LINES 4 & 5: REFLECTS ONLY THE PRIVATE USE PERCENTAGE APPLICABLE TO THE PORTION OF THE BONDS AND THE HECIF SERIES 2004A BONDS (WHICH WERE REFUNDED BY THE HECIF 2006A BONDS) ALLOCABLE TO THE BORROWER ISSUED AFTER JANUARY 1, 2003. ALL OTHER BONDS ISSUED PRIOR JANUARY 1, 2003, HAVE BEEN EXCLUDED FROM PART III ON THIS SCHEDULE. BOND C, PART III, LINE 7: ALTHOUGH THE PRIVATE USE PERCENTAGE WITH RESPECT TO THE BORROWER'S PORTION OF THE BONDS THAT REFUND BONDS ISSUED AFTER DECEMBER 31, 2002 EXCEEDS 5%, THE BORROWER'S PORTION OF THE BONDS THAT REFUND BONDS ISSUED AFTER DECEMBER 31, 2002 REPRESENTS LESS THAN 5% OF THE BONDS. ACCORDINGLY, ANY PRIVATE PAYMENTS WITH RESPECT TO SUCH PORTION WOULD NOT EXCEED 5% OF THE BONDS. BOND C, PART IV, LINES 2(B) & 2(C): BONDS HAVE MET THE 6 MONTH EXCEPTION TO REBATE AND, THEREFORE, NO PAYMENTS TO THE IRS WILL EVER BECOME DUE ON THE BONDS. BOND D, PART II REFLECTS ONLY THE AMOUNT RECEIVED BY RIDER UNIVERSITY WITH RESPECT TO ITS PORTION OF THE POOLED BONDS. BOND D, PART II, LINE 1: AMOUNT SHOWN REPRESENTS THE BONDS RETIRED THAT ARE ALLOCABLE TO THE BORROWER'S PORTION OF DEBT SERVICE RESPONSIBILITY. BOND D, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. ENTITY 2: BOND A, PART II, LINE 3: AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I(E) DUE TO INVESTMENT EARNINGS ACCRUED. ENTITY 2: BOND A, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. A NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY 221829511 646066Z94 2017-11-30 44228160 CAPITAL IMPROVEMENTS TO UNIVERSITY'S FACILITIES 0 0 0 A 45907036 3937671 564023 27069036 42714 14293592 0 0 0 1 A 0 1 0 0 0.00200 0.00100 0.00300 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 24000 MERIT SCHOLARSHIP MERIT SCHOLARSHIP SCHEDULE L, PART III STUDENTS OF TRUSTEES AND OFFICERS RECEIVING FINANCIAL AID FOLLOW THE SAME NEED-BASED ASSESSMENT AS OTHER STUDENTS RECEIVING SCHOLARSHIP AS DESCRIBED ON SCHEUDLE I, PART IV. X 12 2364582 MEAN PRICE-GIFT DATE X LAND 1 3800000 APPRAISED VALUE 0 0 1 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN THE APPLICABLE CATEGORY. FORM 990, PART III, LINE 4, PROGRAM SERVICE ACCOMPLISHMENTS: FISCAL YEAR 2020 ENDED IN THE MIDST OF A GLOBAL PANDEMIC, WITH THE STATE OF NEW JERSEY MANDATING THAT ALL UNIVERSITIES, INCLUDING RIDER UNIVERSITY, CLOSE THEIR RESIDENCE HALLS AND MOVE ALL CLASSES TO REMOTE LEARNING IN ORDER TO PROVIDE A SAFE ENVIRONMENT FOR STUDENTS, FACULTY AND STAFF. DUE TO THE CLOSURE OF THE RESIDENCE HALLS AND ALL ON-CAMPUS OPERATIONS, RIDER REFUNDED STUDENTS A PORTION OF THEIR ROOM AND BOARD CHARGES. THESE REFUNDS RESULTED IN LOST REVENUE TO THE UNIVERSITY, AND WAS THE MAJOR CONTRIBUTOR TO THE LARGE REDUCTION IN REVENUES LESS EXPENSES ON LINE 19 PAGE 1 OF THE 990 RETURN. FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION: RIDER'S VISION RIDER UNIVERSITY WILL BE A PREMIER, FORWARD-LOOKING UNIVERSITY KNOWN FOR ITS ENGAGED LEARNING PROGRAM THAT, TOGETHER WITH DYNAMIC ACADEMIC PROGRAMS, ENRICHING CO-CURRICULAR EXPERIENCES AND A VIBRANT LIVING AND LEARNING COMMUNITY, CHALLENGES STUDENTS, EXCITES THEIR IMAGINATIONS AND INSTILLS IN THEM EXCELLENCE IN THOUGHT AND ACTION, PREPARING THEM FOR HIGHLY ENGAGED AND FULFILLING PROFESSIONAL AND PERSONAL LIVES. RIDER'S MISSION RIDER UNIVERSITY WELCOMES STUDENTS FROM THROUGHOUT THE REGION, ACROSS THE NATION, AND AROUND THE WORLD WHO SEEK TO BE CHALLENGED AND SUPPORTED AS ACTIVE MEMBERS OF OUR INCLUSIVE AND VIBRANT LIVING AND LEARNING COMMUNITY. COMMITTED TO STUDENT GROWTH, TRANSFORMATION AND LEADERSHIP, WE CONNECT RIGOROUS ACADEMIC, ARTISTIC AND PROFESSIONAL PROGRAMS OF STUDY WITH A RICH ARRAY OF LEARNING EXPERIENCES THAT ENGAGE STUDENTS INSIDE AND OUTSIDE THE CLASSROOM. WE PREPARE GRADUATES TO THRIVE PROFESSIONALLY AND TO BE LIFELONG INDEPENDENT LEARNERS AND RESPONSIBLE CITIZENS WHO EMBRACE DIVERSITY, SUPPORT THE COMMON GOOD AND CONTRIBUTE MEANINGFULLY TO THE CHANGING WORLD IN WHICH THEY LIVE AND WORK. RIDER'S PROMISE OUR STUDENTS, ALUMNI, FACULTY, STAFF AND ADMINISTRATORS LIVE THE RIDER PROMISE BY BEING FOREVER: - PREPARED TO CONTRIBUTE MEANINGFULLY TO THE CHANGING WORLD IN WHICH THEY LIVE AND WORK - RESPECTFUL OF ALL PEOPLE, RIGHTS, FREEDOMS AND INDIVIDUAL DIFFERENCES - OPEN TO A LIFE OF INDEPENDENT LEARNING - MOTIVATED TO BE RESPONSIBLE CITIZENS WHO SUPPORT THE COMMON GOOD - INNOVATIVE, CREATIVE AND RESOURCEFUL - SKILLED AND THRIVING PROFESSIONALS, EDUCATORS, ARTISTS AND PERFORMERS - ENGAGED IN THEIR COMMUNITIES AS LEADERS AND ROLE MODELS THE RIDER PROMISE IS OFFERED AS A REPRESENTATION OF THE MISSION. IT IS INSPIRED BY OUR RECENT 150TH ANNIVERSARY WHICH EMBRACED THE TAGLINE, FULFILLING THE PROMISE. THIS TAGLINE WAS, IN TURN, INSPIRED BY ANDREW J. RIDER HIMSELF AS DISCUSSED IN THE HISTORICAL BOOKS WRITTEN BY DR. WALTER A. BROWER '48, FORMER DEAN OF THE SCHOOL OF EDUCATION. ANDREW J. RIDER DECLARED IN 1883 THAT RIDER'S FUTURE WAS FULL OF PROMISE. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE PRIVATE UNIVERSITY CURRENTLY SERVES APPROXIMATELY 3,800 UNDERGRADUATE STUDENTS AND 900 GRADUATE STUDENTS IN OVER 100 UNDERGRADUATE MAJORS AND MINORS AND OVER 50 GRADUATE DEGREES AND CERTIFICATE PROGRAMS. THERE ARE OVER 200 FULL-TIME FACULTY, WITH 94% HOLDING A DOCTORATE OR THE HIGHEST DEGREE IN THEIR FIELD. RIDER IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND ALSO HOLDS SPECIALIZED ACCREDITATION WITH THESE PRESTIGIOUS EDUCATIONAL ORGANIZATIONS: - AACSB INTERNATIONAL (ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS) - RIDER IS AMONG THE SELECT BUSINESS SCHOOLS TO HAVE ATTAINED THIS DISTINCTION AND THE ONLY SCHOOL IN NEW JERSEY TO HOLD THE SPECIALIZED AACSB ACCREDITATION IN ACCOUNTING. - NCATE AND CAEP - ELEMENTARY AND SECONDARY EDUCATION PROGRAMS AND THEIR APPLICABLE GRADUATE PROGRAMS ON BOTH CAMPUSES ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION AND THE COUNCIL FOR THE ACCREDITATION OF EDUCATOR PREPARATION. - NASM - THE UNDERGRADUATE AND GRADUATE MUSIC PROGRAMS OF WESTMINSTER CHOIR COLLEGE ARE ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. - CACREP - RIDER'S GRADUATE COUNSELING SERVICES PROGRAM IN THE SCHOOL OF EDUCATION HOLDS NATIONAL ACCREDITATION FROM THE COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS. - NASP - THE SCHOOL PSYCHOLOGY PROGRAM IN THE SCHOOL OF EDUCATION IS ACCREDITED BY THE NATIONAL ACCREDITATION OF SCHOOL PSYCHOLOGISTS. - AMERICAN CHEMICAL SOCIETY - RIDER'S CHEMISTRY PROGRAM IS ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE BOARD, THE CHAIRS OF ALL STANDING COMMITTEES, THE IMMEDIATE PAST BOARD CHAIR IF STILL A MEMBER OF THE BOARD, AND UP TO TWO (2) AT-LARGE MEMBERS APPOINTED BY THE BOARD CHAIR FOLLOWING CONSIDERATION OF THE RECOMMENDATIONS OF THE GOVERNANCE COMMITTEE AS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. ALL MEMBERS SHALL BE VOTING MEMBERS, EXCEPT FOR THE PRESIDENT, WHO SHALL BE AN EX-OFFICIO MEMBER WITHOUT VOTE. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD BETWEEN REGULAR BOARD MEETINGS ON ALL MATTERS EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD: (I) PRESIDENTIAL SELECTION AND TERMINATION, (II) BOARD MEMBER AND BOARD OFFICER ELECTION OR REMOVAL, (III) CHANGES IN THE MISSION AND PURPOSES OF THE UNIVERSITY, (IV) AMENDMENTS TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS, (V) INCURRENCE OF CORPORATE INDEBTEDNESS, (VI) SALE OR OTHER DISPOSITION OF REAL ESTATE AND OTHER TANGIBLE PROPERTY, (VII) ADOPTION OF THE ANNUAL BUDGET, (VIII) CONFERRAL OF DEGREES, AND (IX) AMENDMENTS TO OR REPEAL OF ANY RESOLUTION PREVIOUSLY ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 HAS BEEN PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM WITH THE ASSISTANCE OF MANAGEMENT. THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES PERFORMED A REVIEW OF THE FORM 990 AND ALL APPLICABLE SCHEDULES PRIOR TO SUBMISSION AS PART OF AN AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE MEETING. IN ADDITION, THE FORM 990 AND APPLICABLE SCHEDULES WERE POSTED ON THE UNIVERSITY'S INTRANET FOR THE ENTIRE BOARD OF TRUSTEES TO REVIEW PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY, AND AN ANNUAL COMPLIANCE REVIEW PROCESS WHICH INCLUDES: - SOLICIT FEEDBACK FROM DIVISION HEADS ON PROPOSED STAFF IN THEIR UNITS WHO SHOULD PARTICIPATE IN THE ANNUAL REPORTING AND REVIEW PROCESS. ANY INDIVIDUAL WHO IS CONSIDERED TO HAVE SIGNIFICANT RESPONSIBILITY FOR INSTITUTIONAL OPERATIONS OR PURCHASING IS INCLUDED. THE POLICY REQUIRES THAT PERSONS INVOLVED IN DECISION MAKING DISCLOSE FINANCIAL OR OTHER INTERESTS - EITHER CURRENT OR PROPOSED - THAT IMPAIR OR MAY APPEAR TO IMPAIR THEIR INDEPENDENT, UNBIASED JUDGMENT. - DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE FOR DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST TO ALL INDIVIDUALS SO IDENTIFIED. IN 2020, 177 INDIVIDUALS (OFFICERS, TRUSTEES, COACHES, AND ADMINISTRATORS) RECEIVED AND COMPLETED THE CONFLICT QUESTIONNAIRE. - REVIEW OF ALL CONFLICT QUESTIONNAIRE RESPONSES BY THE UNIVERSITY BOARD OF TRUSTEES' HUMAN RESOURCES COMMITTEE, WHICH SERVES AS THE CONFLICT COMMITTEE UNDER THE UNIVERSITY'S BYLAWS. THE HUMAN RESOURCES COMMITTEE REPORTS ITS FINDINGS TO THE BOARD OF TRUSTEES, WHICH IS RESPONSIBLE FOR ACTING ON THE COMMITTEE'S FINDINGS - IN PARTICULAR ON ANY CONFLICT THAT MIGHT BE IDENTIFIED. BY POLICY, ANY PROPOSED BUSINESS RELATIONSHIP BETWEEN A TRUSTEE OR THEIR RELATED ENTITY MUST BE EVALUATED AND ACTED ON PRIOR TO ITS POTENTIAL IMPLEMENTATION. NO SUCH RELATIONSHIP CURRENTLY EXISTS. - ANY BOARD MEMBER WITH A CONFLICT WILL RECUSE HIMSELF/HERSELF FROM ANY VOTES REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE SENIOR COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ENGAGES AN INDEPENDENT CONSULTING FIRM TO UNDERTAKE A REASONABLENESS REVIEW OF TOP MANAGEMENT COMPENSATION. TOP MANAGEMENT INCLUDES THE INSTITUTION'S PRESIDENT AND VICE PRESIDENTS. THE REASONABLENESS REVIEW INCLUDES CONSIDERATION OF COMPARABILITY DATA PREPARED BY THE CONSULTANTS WHICH IS PROVIDED TO ALL COMMITTEE MEMBERS AND TO ALL MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE BENCHMARK DATA CONSIDERED INCLUDES BOTH SALARY AND TOTAL COMPENSATION INFORMATION. CONTEMPORANEOUS MINUTES ARE MAINTAINED FOR BOTH THE SENIOR COMPENSATION COMMITTEE OF THE BOARD AND FOR THE FULL BOARD OF TRUSTEES MEETINGS. THIS PROCESS WAS LAST UNDERTAKEN IN OCTOBER 2018. THE UNIVERSITY CONSISTENTLY UTILIZES HIGHER EDUCATION BENCHMARKING DATA TO ASSESS THE REASONABLENESS OF KEY EMPLOYEES' COMPENSATION. FACULTY COMPENSATION IS GOVERNED BY A COLLECTIVE BARGAINING AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PENSION -460,704. CHANGE IN VALUE OF PERPETUAL TRUST -545,349. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 70,444. WRITE-OFF OF CONTRIBUTION RECEIVABLE 241,548. EXTRAORDINARY LOSS -1,274,086.