2020-03-16T21:30:06-05:00 2019-06-30 350921680 CROWE LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2018-07-01 741277664 UNIVERSITY OF ST THOMAS UNIV 7135227911 3800 MONTROSE BOULEVARD HOUSTON TX 770064626 Spencer Conroy VP for Finance 2020-03-16 true Kenneth J Keber P00240883 5742323992 2018 2020-11-19 02:30:22Z Dr Richard Ludwick 3800 MONTROSE BOULEVARD HOUSTON TX 770064626 97316918 false X WWW.STTHOM.EDU X 1947 TX THE UNIVERSITY IS COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON. WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY. 34 33 1225 34 -81022 0 14557148 13526847 72104127 76414283 1059607 612187 614454 185128 88335336 90738445 23225232 27071704 0 38881920 39307491 0 2197724 22116564 25026736 84223716 91405931 4111620 -667486 237304390 238268671 33255691 32229566 204048699 206039105 X We are the University of St. Thomas, the Catholic University in the heart of Houston. We are committed to the Catholic intellectual tradition and the dialogue between faith and reason. By pursuing excellence in teaching, scholarship and service, we embody and instill in our students the core values of our founders, the Basilian Fathers: goodness, discipline and knowledge. We foster engagement in a diverse, collaborative community. The University of St. Thomas is a comprehensive university, grounded in the liberal arts. Committed to the unity of all knowledge, we offer programs in the traditional liberal arts, professional, and skill-based disciplines. Graduates of the University of St. Thomas think critically, communicate effectively, succeed professionally and lead ethically. false false 43965895 66843753 HIGHER EDUCATION INSTRUCTION AND SUPPORT SERVICES PROVIDED TO 2,180 UNDERGRADUATE STUDENTS AND 1,343 GRADUATE STUDENTS 27071704 27071704 0 STUDENT INSTITUTIONAL AID AND ASSISTANCE 2766512 4970256 AUXILIARY OPERATIONS; STUDENT HOUSING, DINING SERVICES, PARKING GARAGE, AND BOOKSTORE SERVICES 4998461 ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES 4998461 73804111 true true false true false false true false true true true false false false true false true true false true false false false true false false false true true true false false false false false false true false true false true false false false false true true true false false true 3555 0 true 1225 true true true false false false false true true true false false false false false X 34 33 false false false false false false false true true false false false true true true true true true false false X Spencer Conroy 7135256960 3800 MONTROSE BLVD HOUSTON TX 77006 DR HERBERT P EDMUNDSON JR Chair/BOARD MEMBER 1.0 X X 0 0 0 MR CURTIS HUFF Vice Chair/ BOARD MEMBER 1.0 X X 0 0 0 MR ANDRIUS KONTRIMAS Secretary/BOARD MEMBER 1.0 X X 0 0 0 MRS MINDY HILDEBRAND BOARD MEMBER 1.0 X 0 0 0 REV ALVIN SINASAC CSB BOARD MEMBER 1.0 X 0 0 0 MR AARON STRYK BOARD MEMBER 1.0 X 0 0 0 EDWARD BAENZIGER REV BOARD MEMBER 1.0 X 0 0 0 MR HARRY MACH BOARD MEMBER 1.0 X 0 0 0 MR GEORGE MARTINEZ BOARD MEMBER 1.0 X 0 0 0 MR JOHN NIEMANN BOARD MEMBER 1.0 X 0 0 0 REV JOSEPH PILSNER CSB BOARD MEMBER 1.0 X 0 0 0 REV STEPHEN REYNOLDS BOARD MEMBER 1.0 X 0 0 0 REV THOMAS ROSICA CSB BOARD MEMBER (through February 2019) 1.0 X 0 0 0 MR JESSE TUTOR BOARD MEMBER 1.0 X 0 0 0 REV CHRISTOPHER VALKA BOARD MEMBER 1.0 X 0 0 0 MS DENISE CASTILLO-RHODES BOARD MEMBER 1.0 X 0 0 0 MS CECILIA ABBOTT BOARD MEMBER 1.0 X 0 0 0 MSGR JAMES ANDERSON BOARD MEMBER 1.0 X 59147 0 20645 HIS EMINENCE DANIEL CARDINAL DINARDO BOARD MEMBER 1.0 X 0 0 0 MR GEORGE GOOLSBY BOARD MEMBER 1.0 X 0 0 0 MS PAULA SAVAGE HANSEN BOARD MEMBER 1.0 X 0 0 0 MR RAYMOND A LEBLANC BOARD MEMBER 1.0 X 0 0 0 MR ROBERT CORRIGAN BOARD MEMBER 1.0 X 0 0 0 MR DENNIS MALLOY BOARD MEMBER 1.0 X 0 0 0 MS RUTH METZGER BOARD MEMBER 1.0 X 0 0 0 MS MARGIE HARRIS BOARD MEMBER 1.0 X 0 0 0 MR ROCKY LAI BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH CLEARY BOARD MEMBER 1.0 X 0 0 0 REV JAMES MURPHY BOARD MEMBER 1.0 X 0 0 0 MR MORRIS R CLARK BOARD MEMBER 1.0 X 0 0 0 MR MAURO FERRARI BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH M GRAHAM BOARD MEMBER 1.0 X 0 0 0 MS SHELLEY GRAHMANN BOARD MEMBER 1.0 X 0 0 0 MR LARRY MASSEY BOARD MEMBER 1.0 X 0 0 0 MR CONNELLY MCGREEVY BOARD MEMBER 1.0 X 0 0 0 DR BEENA GEORGE CHIEF INNOVATION OFFICER 40.0 X 186721 0 12410 MR CHRISTOPHER EVANS VICE PRESIDENT OF ACADEMIC AFFAIRS 40.0 X 138495 0 42998 DR RICHARD LUDWICK UNIVERSITY PRESIDENT 40.0 0.5 X 318535 0 58208 MR GARY MCCORMACK VICE PRESIDENT (Through January 2019) 40.0 0.5 X 198812 0 49615 MS PATRICIA MCKINLEY VICE PRESIDENT 40.0 X 147932 0 20979 MR ARTHUR ORTIZ VICE PRESIDENT 40.0 X 119302 0 18371 MR SPENCER C CONROY VICE PRESIDENT 40.0 0.5 X 195576 0 29325 MR JEFF OLSEN VICE PRESIDENT 40.0 X 113862 0 18054 MS KRISTIN BURCH VICE PRESIDENT (Through September 2018) 40.0 X 225463 0 20309 MS SIOBHAN FLEMING ASSOCIATE VP 40.0 X 243087 0 13721 MS POLDI TSCHIRCH DEAN, SCHOOL OF NURSING 40.0 X 182251 0 7945 Dr Vinita Ramaswamy Associate Dean and Professor 40.0 X 146843 0 9225 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations 40.0 X 138019 0 23735 MR PAUL PAESE FACULTY 40.0 X 135802 0 19299 DR ROBERT R IVANY PRESIDENT (THROUGH JUNE 2017) 0.0 X 411370 0 20059 2961217 0 384898 58 true true false Aramark 27310 Network Place Chicago IL 608731273 Dining Service Provider 1539246 Swisher Contracting Services 2619 Morninglight Dr Houston TX 77084 Contractor 672387 Felix Morales 12010 Hedgedown Dr Houston TX 77065 Construction Contractor 380211 Norton Rose Fulbright US LLP 1301 McKinney St Suite 5100 Houston TX 77010 Legal Services 330120 The Brandt Companies LLC 8848 North Sam Houston Pkwy W 410 Houston TX 77064 Mechanical Services 295390 6 X 1508555 500000 1398979 10119313 2966172 13526847 TUITION & FEES 900099 66962407 66962407 AUXILIARY OPERATIONS 900099 4453415 4453415 ENDOWMENT SUPPORT 900099 4998461 4998461 0 0 0 0 76414283 471369 -81022 552391 56288 56288 0 0 6264752 6123934 140818 0 140818 140818 185192 1508555 454539 -269347 -269347 Music Lesson Fees 900099 132987 132987 Student Club Fees 900099 33311 33311 International Students Fees 900099 45171 45171 186718 186718 0 0 398187 90738445 76812470 -81022 480150 0 0 27071704 27071704 0 0 0 0 2521145 1015569 1364110 141466 35201 0 35201 0 29823830 24993136 3672822 1157872 1204092 967162 188613 48317 3538191 2841978 554234 141979 2185032 1793096 294448 97488 246616 121334 117282 8000 368904 23368 345536 0 100245 0 100245 0 0 0 0 0 0 0 484934 0 484934 0 3779067 2760440 740092 278535 1203720 192092 946683 64945 2538486 1918256 421091 199139 3153599 1185248 1966646 1705 1612 1612 0 0 2904632 670125 2234507 0 1209537 1115667 80364 13506 0 0 0 0 555328 484996 70332 0 964072 835569 123246 5257 0 0 0 0 5834835 4800894 1000332 33609 645797 71317 574480 0 Art School Tuition Expenses 179050 179050 0 0 REsident Hall Discounts 176183 176183 0 0 Employee Relations 129923 95673 34250 0 recruitment 105206 56885 48321 0 444990 432757 6327 5906 91405931 73804111 15404096 2197724 3168838 2471133 6993961 7276836 9527829 7040890 2780000 6340568 0 0 0 314611 271493 481669 501808 198068185 91388811 108314738 106679374 7633047 8502566 96269173 97391517 0 0 0 1820524 1792486 237304390 238268671 5751791 5317050 181032 181032 1938666 2408182 15958434 12641924 0 9425768 11681378 0 0 33255691 32229566 X 86182309 85545355 39992981 40552429 77873409 79941321 204048699 206039105 237304390 238268671 X -667486 2690578 -32686 X false true X true true true X 27912947 14063193 16467365 14557148 13526847 86527500 0 0 27912947 14063193 16467365 14557148 13526847 86527500 11111445 75416055 2155318 1449039 1586508 865806 527657 6584328 0 1486999 1665176 1844146 296630 185192 5478143 98589971 358108941 0.7649 0.7794 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS FUNDRAISING REVENUE, COLUMN A - 994916.0, COLUMN B - 996183.0, COLUMN C - 1844146.0, COLUMN D - 296630.0, COLUMN E - 185192.0, COLUMN F - 4317067.0; DESCRIPTION - OTHER INCOME, COLUMN A - 492083.0, COLUMN B - 668993.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 1161076.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1376 1376 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University is a member of the National Association of Independent Colleges and the Independent Colleges & Universities of Texas. As a member of these organizations, the University pays dues with part of these dues being indirectly attributable to the lobbying fees paid by the organization. The University does not directly lobby. 1506190 X X X false 102368664 2056634 7647423 2954185 2044276 484934 106589326 93314847 2765187 10342534 1549351 2054756 449797 102368664 81789073 7436594 8479746 1669339 2302143 419084 93314847 86629941 975349 -1919747 1455018 2006578 434874 81789073 88988164 2875321 -1569631 1334904 1930983 398026 86629941 0.01 0.76 0.23 false false 18663018 18663018 133556096 49473887 84082209 26012035 23819809 2192226 19837036 18095115 1741921 106679374 ALTERNATIVE INVESTMENTS 97391517 F 97391517 0 X Schedule D, Part VII LINE 3 - ALTERNATIVE INVESTMENTS The University invests its assets through an outsourced chief investment officer (OCIO) model. The OCIO managing the majority of the University investments is The Investment Fund for Foundation (TIFF). The University owns interests in two different products structured as a partnership fund which invests with a wide variety of investment products and vehicles. Since the University does not own a direct interest in the underlying investments themselves but gains exposure through the ownership interest in the overarching fund, the investments are classified as alternative investments although the actual underlying exposure is much more typical of a common university endowment portfolio. The assets comprising the alternative investments reported are investments in TIFF's Multi-Asset Fund ("MAF"), TIFF's The Keystone Fund ("TKF"), and certain legacy private equity investments managed by Hirtle Callaghan. The MAF has daily liquidity, and is comprised of underlying investments in funds focused on equity, debt, and commodity securities employing a variety of strategies. Asset types for the MAF include global equities, high yield bonds, resource-related equity, real estate investment trusts hedge funds, asset-backed securities, commodity futures, opportunistic credit assets, conventional bonds, treasury inflation-protected securities, and cash. TKF, has quarterly liquidity with 180 days' notice, and similar to the MAF, TKF invests in the same types of investments as the MAF with the addition of private equity investments. The University's exposure to private investments when taking into account the underlying assets of the MAF and TKF, was approximately $25.8 million and $24.1 million as of June 30, 2019 and 2018, respectively. This equates to 23.6% and 23.1% of the total endowment balances for June 30, 2019 and 2018, respectively. Total exposure to alternative investments was $40.4 million and $37.5 million making up 36.9% and 35.9% of the endowment balances as of June 30, 2019 and 2018, respectively. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S ART COLLECTION HAS BEEN COLLECTED OVER MANY YEARS FROM A VARIETY OF SOURCES. IT IS CONSIDERED AN ENHANCEMENT TO THE OVERALL AMBIANCE OF THE CAMPUS AND AUGMENTS THE EDUCATIONAL EXPERIENCE OF OUR STUDENTS ENROLLED IN ART AND ART HISTORY COURSES. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used according to donor restrictions. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University and UST Realty Company have received determination letters from the Internal Revenue Service of exemption from federal income tax under Section 501 (c)(3) of the Internal Revenue Code (IRC), and accordingly, no provision has been made for such taxes. Accounting standards generally accepted in the United States of America require that the University recognize the financial effects of a tax position in its consolidated financial statements, if that tax position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. Tax positions taken related to the University's tax-exempt status, the taxable income of unrelated business activities, and the deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by the University would more likely than not be sustained upon examination by taxing authorities. Accordingly, the University has not recorded an income tax liability for uncertain tax benefits. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UST HANDBOOK AND THE APPLICATION FOR ADMISSION, BOTH AVAILABLE ONLINE AT WWW.STTHOM.EDU, INCLUDE STATEMENTS THAT THE UNIVERSITY OF ST. THOMAS IS COMMITTED TO PROVIDING EDUCATIONAL OPPORTUNITIES AND MAKING ADMISSION DECISIONS WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, NATIONAL ORIGIN, DISABILITY OR VETERAN STATUS. FURTHER, ANY SUCH INFORMATION WILL BE USED IN A NON-DISCRIMINATORY MANNER CONSISTENT WITH ALL APPLICABLE LAWS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENTS ATTENDING THE UNIVERSITY RECEIVE AID AND ASSISTANCE FROM BOTH FEDERAL AND STATE SOURCES ACCORDING TO APPLICABLE LAWS AND THE NEEDS OF THE INDIVIDUAL STUDENTS. true Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 38353 East Asia and the Pacific Program Services STUDY ABROAD 3169 Central America and the Caribbean Program Services Travel Abroad 23000 North America (Canada & Mexico only) Program Services Travel Abroad 28115 Central America and the Caribbean Investments 6229119 0 0 0 0 0 0 6321756 0 6321756 true false false true false false Irish Society Gala 177394 127612 49782 76876 4248 3717 10378 Mardi Gras Ball 1400239 1282278 117961 176284 35271 72045 41181 3 116114 98665 17449 19950 14589 1693747 1508555 185192 253160 59469 75762 66148 454539 -269347 true STUDENT AID & ASSISTANCE 1945 27071704 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. STUDENT INSTITUTIONAL AID AND ASSISTANCE IS AWARDED TO STUDENTS BASED ON MERIT AND/OR NEED AND IS APPLIED TO INDIVIDUAL STUDENT ACCOUNTS. THE UNIVERSITY'S OFFICE OF SCHOLARSHIPS AND FINANCIAL AID IS RESPONSIBLE FOR REVIEWING EACH STUDENT'S CUMULATIVE GRADE POINT AVERAGE AND OTHER MERIT BASED CRITERIA ALONG WITH A COMPLETED APPLICATION FOR STUDENT FEDERAL AID AND DETERMINES WHETHER A NEED LEVEL IS SUBSTANTIATED BY THE APPLICATION. THE AID AND ASSISTANCE PAYS FOR TUITION, FEES, ROOM AND BOARD, AND BOOKSTORE CHARGES. X X true true X X X true true false false false false false false false DR BEENA GEORGE CHIEF INNOVATION OFFICER 186205 0 0 0 516 0 11205 0 1205 0 199131 0 0 0 MR CHRISTOPHER EVANS VICE PRESIDENT OF ACADEMIC AFFAIRS 138342 0 0 0 153 0 8980 0 34018 0 181493 0 0 0 DR RICHARD LUDWICK UNIVERSITY PRESIDENT 282535 0 0 0 36000 0 32209 0 25999 0 376743 0 0 0 MR GARY MCCORMACK VICE PRESIDENT (Through January 2019) 197288 0 0 0 1524 0 12681 0 36934 0 248427 0 0 0 MS PATRICIA MCKINLEY VICE PRESIDENT 145509 0 0 0 2423 0 8910 0 12069 0 168911 0 0 0 MR SPENCER C CONROY VICE PRESIDENT 195476 0 0 0 100 0 11983 0 17342 0 224901 0 0 0 MS KRISTIN BURCH VICE PRESIDENT (Through September 2018) 137871 0 0 0 87592 0 9118 0 11191 0 245772 0 0 0 MS SIOBHAN FLEMING ASSOCIATE VP 119098 0 0 0 123989 0 1173 0 12548 0 256808 0 0 0 MS POLDI TSCHIRCH DEAN, SCHOOL OF NURSING 180861 0 0 0 1390 0 7247 0 698 0 190196 0 0 0 Dr Vinita Ramaswamy Associate Dean and Professor 146487 0 0 0 356 0 8658 0 567 0 156068 0 0 0 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations 136632 0 0 0 1387 0 8448 0 15287 0 161754 0 0 0 MR PAUL PAESE FACULTY 134507 0 0 0 1295 0 8171 0 11128 0 155101 0 0 0 DR ROBERT R IVANY PRESIDENT (THROUGH JUNE 2017) 165239 0 0 0 246131 0 18885 0 1174 0 431429 0 220896 0 Schedule J, Part I, Line 1a FRINGE OR EXPENSE EXPLANATION THE BENEFITS LISTED IN LINE 1A WERE PROVIDED IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT CONTRACT AND ARE DEEMED APPROPRIATE CONSIDERING THE PRESIDENT'S ACTIVITIES WITH DONORS ACROSS THE COUNTRY AND WITH THE BOARD OF DIRECTORS, AND INCREASING THE UNIVERSITY'S VISIBILITY WITHIN THE HOUSTON METROPOLITAN AREA. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The president receives $4,000 per month for housing allowance. This amount was considered taxable and included in the president's W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment MS SIOBHAN FLEMING (ASSOCIATE VP) RECEIVED SEVERANCE PAYMENTS TOTALING $123,800 IN CALENDAR YEAR 2018. MS Kristin Burch (VICE PRESIDENT) RECEIVED SEVERANCE PAYMENTS TOTALING $87,500 IN CALENDAR YEAR 2018. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Contributions into a 457(f) plan were made for the following individuals during calendar year 2018: Dr. Richard Ludwick $12,589 Payouts from a 457(f) plan were made to the following individuals during calendar year 2018: DR. ROBERT IVANY $220,896 A TRINITY HIGHER EDUCATIONAL FACILITY 742857169 896613AQ9 2012-11-15 16668682 REFUND BONDS ISSUED ON 10/16/2002 false false false A 3970000 16668682 317373 16351309 2012 true false true true A false false false false 0.0 false false false A false false false true false false false false false A false Schedule K, Part IV, Line 2c COLUMN A Issuer name: TRINITY HIGHER EDUCATIONAL FACILITY The calculation for computing no rebate due was performed on 10/20/2017 SEE PART V SEE PART V 4000 TUITION ASSISTANCE STUDENT FINANCIAL AID & ASSISTANCE L GALLAGHER SPOUSE OF BOARD MEMBER 35201 EMPLOYMENT false Schedule L, Part III Grants or assistance benefiting interested persons PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 11 2180745 Market value X 1 701686 Market value X Various auction items and other minor donations. 101 83741 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number reported is the number of contributions. Other - Various auction items and other minor donations. The number reported is the number of contributions. Real estate - Residential - House. The number reported is the number of contributions. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 4,998,461) ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE INDIVIDUAL, MARKET CONDITIONS, AND INDUSTRY STANDARDS. THE COMPENSATION LEVEL OF EACH VICE PRESIDENT'S POSITION IS EVALUATED EACH YEAR BY THE HEAD OF HUMAN RESOURCES WITH A MORE FORMAL EVALUATION, UTILIZING A THIRD-PARTY SPECIALIZING IN EXECUTIVE COMPENSATION, COMPLETED AS DEEMED NECESSARY. THE RESULTS ARE PROVIDED TO THE PRESIDENT FOR HIS REVIEW. This process was last undertaken during December 2017. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Officers of the Board of Directors, the Chair of any standing committee of the Board, the President of the Alumni Board, and the President. At least one member of the Executive Committee other than the President must be a member of the Basilian Fathers. During intervals between meetings of the full Board of Directors, the Executive Committee shall possess and may exercise all the powers and authority of the Board except those requiring an affirmative vote of two-thirds of those present and voting at a Board meeting. If the Executive Committee shall have occasion to act, it shall report its action for ratification at the first meeting of the Board after such action has been taken. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S AUDIT AND FINANCE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. AS THERE WERE DONORS WHO WISHED TO REMAIN ANONYMOUS, SCHEDULE B WAS NOT PROVIDED TO THE COMMITTEE NOR THE BOARD, BUT THE FULL COPY OF THE FORM 990 INCLUDING SCHEDULE B WAS REVIEWED IN DETAIL BY THE AUDIT AND FINANCE COMMITTEE CHAIR. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTEE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL AFFIRMATIONS THAT CONFLICTS DO NOT EXIST ARE REQUIRED TO BE MADE FOR BOARD MEMBERS, OFFICERS, AND CERTAIN KEY EMPLOYEES. IF ANY CONFLICTS ARE NOTED, THEY MUST BE SUFFICIENTLY EXPLAINED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING OR PARTICIPATING IN DISCUSSIONS REGARDING TOPICS WITH WHICH THEY MAY BE IN CONFLICT. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE OFFICE OF THE PRESIDENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official In May 2019, a third party consultant specializing in executive compensation, Yaffee & Company, was engaged to conduct a comprehensive review of the University President's compensation based on information as of December 31, 2018. Market information was utilized to analyze the comparability and market competitiveness of the President's compensation. In addition, the University's HR department conducted a salary review using data available through the College and University Personnel Association (CUPA). The information was provided to the Chair and Vice Chair of the Board. No salary change resulted from the information provided. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE TEXAS SECRETARY OF STATE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 186718, Related or Exempt Function Revenue: 186718, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreement - -32686; UST REALTY COMPANY 3800 MONTROSE BLVD HOUSTON TX 77006 205716703 REAL ESTATE TX 501(c)(3) Type I UST true false false true false false false false false false false true false false true true false true false false UST REALTY COMPANY C 500000 FMV