2020-05-05T11:28:23-05:00 2019-06-30 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 990 2018-07-01 941156525 Dominican University of California % ANTHONY D DECOCINIS DOMI 4154574440 50 Acacia Avenue San Rafael CA 94901 ANTHONY D DECOCINIS VP Fin & Adm 4154583726 2020-05-01 true QI WEN LIANG P01270238 4159863900 2020-04-30 99.60.58.183 94336920201265000000 2020-05-05 P 85285106D67D06EDFF820F5FFC2BA856D01BFB4B 31F2CC775A50E5BBFB63142B31C55EB72CDC3053 2018 2020-09-22 18:59:49Z Mary B Marcy 50 Acacia Avenue San Rafael CA 94901 87379629 false X https://home.dominican.edu/ X 1890 CA DOMINICAN UNIVERSITY OF CALIFORNIA EDUCATES AND PREPARES STUDENTS TO BE ETHICAL LEADERS AND SOCIALLY RESPONSIBLE GLOBAL CITIZENS. 25 24 1183 55 131329 -51181 3009969 3255222 75402425 77756885 1939611 2532578 9249 5666 80361254 83550351 24084707 26970812 0 0 37487141 38394136 0 0 1955033 20496812 20954894 82068660 86319842 -1707406 -2769491 138339214 126957862 32892577 33226722 105446637 93731140 X DOMINICAN UNIVERSITY OF CALIFORNIA EDUCATES AND PREPARES STUDENTS TO BE ETHICAL LEADERS AND SOCIALLY RESPONSIBLE GLOBAL CITIZENS WHO INCORPORATE THE VALUES OF STUDY, REFLECTION, COMMUNITY, AND SERVICE INTO THEIR LIVES. GUIDED BY ITS CATHOLIC HERITAGE, THE UNIVERSITY IS COMMITTED TO DIVERSITY, SUSTAINABILITY, AND THE INTEGRATION OF THE LIBERAL ARTS, THE SCIENCES, AND PROFESSIONAL PROGRAMS. false false 70187355 26970812 77756885 THE UNIVERSITY PROVIDES ADVANCED EDUCATIONAL SERVICES TO APPROXIMATELY 1,856 UNDERGRADUATE AND GRADUATE STUDENTS. THE UNIVERSITY AWARDS MERIT AND NEED BASED SCHOLARSHIPS TO STUDENTS. DOMINICAN IS RANKED 271 OUT OF 970 INSTITUTIONS ACROSS THE UNITED STATES IN THE WALL STREET JOURNAL/TIMES HIGHER EDUCATION COLLEGE RANKINGS IN 2019. FOR SEVEN YEARS IN A ROW, U.S. NEWS & WORLD REPORT HAS RANKED DOMINICAN AS ONE OF THE TOP UNIVERSITIES IN THE WEST. ENSURING CONSISTENT INTEGRITY AND QUALITY OF THE DEGREE IS FUNDAMENTAL TO DOMINICAN'S COMMITMENT TO PROVIDING ALL STUDENTS WITH THE DOMINICAN EXPERIENCE - THE UNIVERSITY'S DISTINCTIVE AND INNOVATIVE PROGRAM. 70187355 true true false false false false false false false true true false false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false true true false false false true 2386 0 true 1183 true true true false false false false true true false false false false false false X 25 24 false false false false false false false true true false false true true true true true true true true false CA X ANTHONY D DECOCINIS 4154583726 50 ACACIA AVENUE San Rafael CA 94901 JOHN F BONEPARTH CHAIR 1.0 0.0 X X 0 0 0 SUSAN GILARDI VICE-CHAIR 1.0 0.0 X X 0 0 0 SISTER MAUREEN MCINERNEY OP SECRETARY 1.0 0.0 X X 0 0 0 RENEE KNEE TREASURER 1.0 0.0 X X 0 0 0 MEL ATKINS TRUSTEE 1.0 0.0 X 0 0 0 MARCIA BARAHONA TRUSTEE-ALUMNI REP 1.0 0.0 X 0 0 0 MARY JANE BURKE TRUSTEE 1.0 0.0 X 0 0 0 JACKY CHEN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM F DAGLEY TRUSTEE 1.0 0.0 X 0 0 0 SISTER MARGARET DIENER OP TRUSTEE 1.0 0.0 X 0 0 0 CHARLIE FRANCIS TRUSTEE 1.0 0.0 X 0 0 0 PEPE GONZALEZ TRUSTEE 1.0 0.0 X 0 0 0 ALAN GUSKIN TRUSTEE 1.0 0.0 X 0 0 0 DONNA HALE TRUSTEE 1.0 0.0 X 0 0 0 CAROLYN KLEBANOFF TRUSTEE 1.0 0.0 X 0 0 0 ANDREW MATHIESON TRUSTEE 1.0 0.0 X 0 0 0 BERNARD MIZEL TRUSTEE 1.0 0.0 X 0 0 0 ROSEMARY MORGAN TRUSTEE 1.0 0.0 X 0 0 0 MARK G NELSON TRUSTEE 1.0 0.0 X 0 0 0 RODNEY R PECK TRUSTEE 1.0 0.0 X 0 0 0 ROBERT STILES TRUSTEE 1.0 0.0 X 0 0 0 BARBARA LAFLIN TREAT TRUSTEE 1.0 0.0 X 0 0 0 WENDY TONKIN TRUSTEE 1.0 0.0 X 0 0 0 DENISE WANG-KLINE TRUSTEE 1.0 0.0 X 0 0 0 MARY B MARCY PRESIDENT 40.0 0.0 X X 385152 0 181539 TAMMI JACKSON VP FINANCE & ADMIN Thru 1/2019 40.0 0.0 X 243722 0 26882 STEVEN GARCIA THRU 072019 INTERIM VP FINANCE & ADMIN 32.0 0.0 X 0 0 0 NICOLA PITCHFORD VP ACADEMIC AFFAIRS 40.0 0.0 X 276082 0 37172 SRIRAM BELDONA THRU 062019 ACADEMIC DEAN - BUSINESS 40.0 0.0 X 272651 0 35872 VICKIE ALLEMAN VP ENROLLMENT AND MARKETING 40.0 0.0 X 198272 0 28590 LAURA STIVERS DEAN - LIBERAL ARTS & ED. 40.0 0.0 X 193639 0 20920 RUTH RAMSEY DEAN - HEALTH & NATURAL SCI. 40.0 0.0 X 192801 0 27591 MARLY NORRIS VP ADVANCEMENT/PUBLIC AFFAIRS 40.0 0.0 X 212539 0 15539 1974858 0 374105 66 false true false EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94032 FOOD 2331779 MBM SERVICES 1090 FACTORY STREET RICHMOND CA 94801 CUSTODIAL 698364 BARBIER SECURITY GROUP 369-B 3RD STREET 440 SAN RAFAEL CA 94901 SECURITY 405373 HIRSCHFELD KRAEMER LLP 505 MONTGOMERY STREET 13TH FLOOR SAN FRANCISCO CA 94111 ATTORNEY 395944 GRANT THORNTON LLP 1901 S MEYERS ROAD SUITE 455 OAKBROOK TERRACE IL 60181 AUDITOR 239347 8 2600 1296869 1955753 169712 3255222 TUITION AND FEES 611710 67067037 67067037 0 0 AUXILIARY SERVICES 611710 8089721 8089721 0 0 FEES AND CHARGES 611710 96299 96299 0 0 REC CENTER 713940 134171 0 131329 2842 PARKING AND VENDING 611710 50173 0 0 50173 2319484 2319484 77756885 2056900 2056900 0 0 0 0 0 4302621 3826942 475679 475678 475678 1572 2600 2336 -764 -764 1710 0 1710 1710 0 0 0 ALUMNI REUNION 900099 4720 0 0 4720 4720 83550351 77572541 131329 2591259 0 26970812 26970812 0 0 0 1030564 313255 717309 0 29370040 23710203 4500526 1159311 1578415 1313293 193008 72114 3950769 3208798 565772 176199 2464348 2050418 301339 112591 0 567868 567868 478630 3205 475425 0 0 134134 134134 3280999 1426710 1841220 13069 580797 372790 119731 88276 986855 791564 179149 16142 965620 193173 743981 28466 51089 51089 1320367 108317 1210924 1126 1010806 970876 32519 7411 0 105469 91411 10111 3947 962180 768804 155177 38199 0 4008215 3202656 646429 159130 629889 629889 STUDENT MEAL PLANS 1836936 1836936 0 0 STUDENT EVENTS AND EXPENSES 747566 747566 DUES AND SUBSCRIPTIONS 682986 598725 76022 8239 MEALS AND ENTERTAINMENT 674034 550175 115156 8703 1930454 906579 961765 62110 86319842 70187355 14177454 1955033 0 0 10018258 7737822 11816888 3567452 982747 2364881 23459 0 0 0 923885 684524 0 0 1322010 1651948 135165056 57017956 80596146 78147100 31968456 31936063 0 0 0 0 0 0 687365 868072 138339214 126957862 4016661 4788135 0 0 1353612 1907220 26732467 25730579 0 0 0 0 0 0 0 0 789837 800788 32892577 33226722 X 57051621 52532233 20225620 14554247 28169396 26644660 105446637 93731140 138339214 126957862 X -2769491 -791856 -8154150 X false true X true true true X 9678188 4652932 5252672 3009969 3255222 25848983 0 0 9678188 4652932 5252672 3009969 3255222 25848983 3675038 22173945 715525 801328 1120788 1424211 2056900 6118752 0 90280 97885 80662 67969 61017 397813 32365548 374038504 0.68511 0.60291 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36247440 46137 1592251 740842 924823 1570873 34649290 36109218 45123 2197186 806896 849686 447505 36247440 33382166 691581 3645522 741975 868076 0 36109218 35232559 489622 -421850 713154 1205011 0 33382166 34786972 1713057 315598 718296 864772 0 35232559 0.03430 0.76900 0.19670 false false 4405137 4405137 100730968 33474778 67256190 25091846 20832475 4259371 4937105 2710703 2226402 78147100 0 FEDERAL GRANTS REFUNDABLE 459302 ASSET RETIREMENT OBLIGATION 341486 800788 X 47499400 -791856 -35124962 -35916818 83416218 134133 134133 83550351 59214897 59214897 134133 26970812 27104945 86319842 INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 1F: The amount on line 1f administrative expenses represents $1,570,783 and $447,505 derecognition of pledge for June 30, 2019 and June 30, 2018, respectively. SCHEDULE D, PART V, QUESTION 4: INTENDED USE OF THE DOMINICAN UNIVERSITY ENDOWMENT FUNDS IS TO SUPPORT ACTIVITIES OF DOMINICAN UNIVERSITY AS DESIGNATED BY SUCH DONORS. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2: DOMINICAN FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. DOMINICAN IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. DOMINICAN HAS ALSO BEEN RECOGNIZED BY THE FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM INCOME TAX PURSUANT TO CALIFORNIA REVENUE AND TAX CODE SECTION 23701(D) ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME. DOMINICAN HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. DOMINICAN HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XI, LINE 2D: SCHOLARSHIPS & FINANCIAL AID $(26,970,812) DERECOGNITION OF PLEDGE (8,154,150) ------------- TOTAL $(35,124,962) ============= RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XII, LINE 4B: SCHOLARSHIPS & FINANCIAL AID $26,970,812 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3: THE UNIVERSITY HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS CATALOG AND ON ITS WEBSITE. FINANCIAL AID RECEIVED FROM GOVERNMENT AGENCY SCHEDULE E, PART I, LINE 6A: THE UNIVERSITY RECEIVED FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION, THE NATIONAL INSTITUTES OF HEALTH, THE USDA ANIMAL & PLANT HEALTH INSPECTION SERVICES, THE USA MEDICAL RESEARCH FOUNDATION, THE ENVIRONMENTAL PROTECTION AGENCY, AND THE US SMALL BUSINESS ADMINISTRATION. East Asia and the Pacific Program Services STUDY ABROAD 25246 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 55182 North America Program Services STUDY ABROAD 29858 110286 110286 false false false false false false true STUDENTS AT UNIVERSITY 1399 26970812 PROCESS FOR MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2: THE UNIVERSITY MANAGES AN EXTENSIVE FINANCIAL ASSISTANCE PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE THREE MAJOR FORMS: MERIT SCHOLARSHIPS, NEED-BASED FINANCIAL AID, AND FINANCING ALTERNATIVES. THE STUDENT FIRST APPLIES FOR ASSISTANCE, AND THEN BASED ON THE GRANT CRITERIA (FINANCIAL AND ENROLLMENT), THE FINANCIAL AID DEPARTMENT AWARDS THE GRANT MONIES. THE FINANCIAL AID DEPARTMENT MONITORS THE TOTAL AMOUNTS GIVEN BY GRANT. X true true X X X X X true true false false false false false false false MARY B MARCY PRESIDENT 385152 0 0 0 0 0 50250 0 131289 0 566691 0 0 0 TAMMI JACKSON VP FINANCE & ADMIN Thru 1/2019 183597 0 0 0 60125 0 18640 0 8242 0 270604 0 0 0 NICOLA PITCHFORD VP ACADEMIC AFFAIRS 276082 0 0 0 0 0 22000 0 15172 0 313254 0 0 0 SRIRAM BELDONA THRU 062019 ACADEMIC DEAN - BUSINESS 147191 0 0 0 125460 0 19778 0 16094 0 308523 0 0 0 VICKIE ALLEMAN VP ENROLLMENT AND MARKETING 198272 0 0 0 0 0 15500 0 13090 0 226862 0 0 0 LAURA STIVERS DEAN - LIBERAL ARTS & ED. 193639 0 0 0 0 0 6187 0 14733 0 214559 0 0 0 RUTH RAMSEY DEAN - HEALTH & NATURAL SCI. 192801 0 0 0 0 0 16061 0 11530 0 220392 0 0 0 MARLY NORRIS VP ADVANCEMENT/PUBLIC AFFAIRS 212539 0 0 0 0 0 4300 0 11239 0 228078 0 0 0 SCHEDULE J, PART I, LINE 1A: RESIDENCE FOR PERSONAL USE: THE UNIVERSITY PROVIDED MARY B. MARCY WITH HOUSING AS A CONDITION OF HER EMPLOYMENT. THE HOUSING IS ON CAMPUS AND FURNISHED FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY TO CONDUCT UNIVERSITY-RELATED BUSINESS. THE VALUE OF THE HOUSING IS EXCLUDABLE FROM THE PRESIDENT'S TAXABLE INCOME UNDER IRS CODE SECTION 119(D) AND WAS INCLUDED AS A NONTAXABLE BENEFIT REPORTED ON SCHEDULE J, PART II, COLUMN(D). SCHEDULE J, PART I, LINE 4A: Tammi Jackson, VP Finance & Admin, ended employment on 01/23/2019. She received severance payment in 2018 of $60,125. The payment is properly disclosed in schedule J, column B(III). Sriram Beldona, Academic Dean - Business, ended employment on 06/28/2019. He received severance payment in 2018 of $125,460. The payment is properly disclosed in schedule J, column B(III). SCHEDULE J, PART I, LINE 4B: THE ORGANIZATION CONTRIBUTED $20,000 TO A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO BENEFIT MARY B. MARCY DURING THE 2018 CALENDAR YEAR. THE AMOUNT WAS INCLUDED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C). A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 999999999 2017-05-11 28273600 REFINANCE OF CEFA BONDS AND MORTGA false false false A 0 0 28273600 0 260421 0 304823 0 0 0 27708356 0 2017 true false true true A false false false false 0.00000 0.00000 0.00000 false false false true A false true false false false false 0 false 0 false true A true X 8 137456 Market quotation X Medical equipment 1 18431 FMV X Event items donated 78 13410 FMV X Furniture 1 415 FMV false true false SCHEDULE M, PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN COLUMN (B). FORM 990, PART V, LINE 1A THE NUMBER REPORTED INCLUDED 2,193 FORMS 1098-T ISSUED AND 193 FORMS 1099 ISSUED. DELEGATED AUTHORITY FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE COORDINATES THE WORK OF THE BOARD AND ACTS IN LIEU OF THE FULL BOARD WHEN URGENT ACTION IS NECESSARY AND SHALL SERVE AS LIAISON TO THE PRESIDENT; PROVIDING COUNSEL, FEEDBACK AND SUPPORT WHEN NEEDED; AND ACTING AS A SAFE (CANDID AND CONFIDENTIAL) SOUNDING BOARD. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B: GRANT THORNTON LLP AND DOMINICAN FINANCE STAFF WORK TOGETHER IN GATHERING THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE INITIAL DRAFT FORM 990 IS REVIEWED BY GRANT THORNTON AND DOMINICAN FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED. RECOMMENDED CHANGES ARE REFLECTED IN THE FORM AND A REVISED FORM 990 IS PREPARED. THE AUDIT COMMITTEE RECEIVES THE FINAL VERSION OF THE FORM 990 FOR REVIEW AND APPROVAL PRIOR TO THE RETURNS BEING FILED WITH THE INTERNAL REVENUE SERVICE. THE BOARD HAS DELEGATED MONITORING AND REVIEW OF FINANCIAL MATTERS TO THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FINANCE COMMITTEE, THE FULL BOARD, AND THE EXECUTIVE COMMITTEE BEFORE IT IS FILED. IN ADDITION, A COPY OF THE DOMINICAN AUDITED FINANCIAL STATEMENTS IS PROVIDED TO THE FULL BOARD OF TRUSTEES. MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: DOMINICAN REQUIRES EACH TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS EACH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE UNIVERSITY IS A NON-PROFIT ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. ADDITIONALLY, THE STATEMENT REQUIRES THE INDIVIDUALS TO PROVIDE INFORMATION WITH RESPECT TO RELATED PARTIES AND TO DISCLOSE WHETHER THERE ARE ANY CONFLICTS OF INTEREST. DOMINICAN ALSO REQUIRES PERIODIC REVIEW OF TRANSACTIONS AND RELATIONSHIPS TO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST. PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S PRESIDENT FORM 990, PART VI, SECTION B, LINE 15A: THE EXECUTIVE MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE PRESIDENT'S COMPENSATION, RELYING UPON APPROPRIATE DATA AS TO COMPARABILITY, AND MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES. IN ADDITION, COMPENSATION SURVEY AND STUDY, AND INDEPENDENT COMPENSATION CONSULTANT ARE USED IN THE DETERMINATION OF THE PRESIDENT'S COMPENSATION. THE EXECUTIVE MEMBERS DOCUMENT ITS BASIS FOR BELIEVING THE PROPOSED COMPENSATION IS REASONABLE. THE BOARD OF TRUSTEES REVIEWS THE RECOMMENDATION AND SUPPORTING DATA AND FINALIZES THE COMPENSATION CONTRACT. FORM 990, PART VI, SECTION B, LINE 15B: IN DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES, THE UNIVERSITY UTILIZES THE USE OF MARKET AND COMPENSATION ANALYSIS, AS WELL AS EXTERNAL CONSULTANT. A FULL REVIEW OF SALARY WAS PERFORMED IN 2018 BASED ON THESE PARAMETERS. THE REVIEW PROCESS IS DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMPENSATION COMMITTEE. DOCUMENTS MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19: DOMINICAN MAKES ITS FORMS 990, 990-T AND 1023, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, WHISTLE-BLOWER POLICY, AUDITED FINANCIAL STATEMENTS FOR THE PAST THREE YEARS, AND PUBLIC DISCLOSURE OF DOCUMENTS POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 DERECOGNITION OF PLEDGE $(8,154,150) In 2014, Dominican entered into a gift agreement with a donor which involved various pledges totaling $12,500,000 payable over a term of years. Certain of the pledges involved matching features which, if not met over specified time periods, would have eventually resulted in an installment payment stream being owed by the donor payable over the period 2024 to 2039. An initial payment of $507,079 was received from the donor. In July 2019, Dominican and the donor agreed to an amended gift agreement which revised the amount of the gift to a total of $7,000,000 and which provided for the attainment of certain benchmarks and the satisfaction of certain other conditions to the pledges under the revised gift agreement before the amended gift would be payable. Dominicans management intends to attain such benchmarks and satisfy such other conditions and believes that the benchmarks and other conditions to the gift will be met. Once the benchmarks and other conditions are satisfied, the gift will be payable in annual installments over six years starting in 2025. As a result of the amended gift agreement, the total of the restricted assets reflected on the Dominican statement of financial position as of June 30, 2019, was reduced by the amount of the previously accrued net present value of $8,154,150 with respect to the 2014 gift agreement. Charitable Remainder Trust (1) 31 Alactaze Avenue Belvedere CA 94920 Charitable Trust CA na Trust 0 0 false false false false false false false false false false false false false false false false false false false false