2020-05-26T13:07:03-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2018-07-01 381366958 SIENA HEIGHTS UNIVERSITY SIEN 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 LEE JOHNSON PHD CPA TREASURER 5172647108 2020-05-05 1 DORI J EGGETT P00645252 2695674500 2020-05-05 24.127.213.245 2020-05-05 09:55:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D1A42FCEE5CBCA1835161BC59C75369F1B7E9248 2018 2020-09-23 17:36:50Z SR PEG ALBERT OP PHD 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 59264023 0 X WWW.SIENAHEIGHTS.EDU X 1919 MI TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION WITH THE PURPOSE OF ASSISTING PEOPLE IN BECOMING MORE COMPETENT, PURPOSEFUL AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 30 27 993 29 -4620 -11531 10304593 10633827 47403692 47864261 158226 310251 269479 215207 58135990 59023546 19801303 20367915 0 0 22453861 22246799 0 0 637892 14506532 14457585 56761696 57072299 1374294 1951247 90486863 94015072 30296439 31262618 60190424 62752454 THE MISSION OF SIENA HEIGHTS UNIVERSITY, A CATHOLIC UNIVERSITY FOUNDED AND SPONSORED BY THE ADRIAN DOMINICAN SISTERS, IS TO ASSIST PEOPLE TO BECOME MORE COMPETENT, PURPOSEFUL, AND ETHICAL THROUGH A TEACHING AND LEARNING ENVIRONMENT WHICH RESPECTS THE DIGNITY OF ALL. 0 0 43842622 20367915 47826461 SIENA HEIGHTS UNIVERSITY IS A MICHIGAN PRIVATE NON-PROFIT CORPORATION FOR POSTSECONDARY EDUCATION. THE UNIVERSITY PROVIDES EDUCATION WITH A MAIN CAMPUS, SATELLITE CAMPUSES, AND ONLINE FOR BOTH TRADITIONAL AND NONTRADITIONAL STUDENTS OFFERING BACHELOR AND MASTER DEGREE PROGRAMS. THE MAIN CAMPUS ALSO OFFERS AUXILIARY SERVICES IN THE FORM OF HOUSING, MEAL PLANS, AND BOOKSTORE SERVICES. THE UNIVERSITY IS PRIMARILY SUPPORTED THROUGH TUITION, FEDERAL AND STATE GRANTS, AND CONTRIBUTIONS FOR OPERATIONS AND SCHOLARSHIPS. 43842622 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 1 1 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 1 132 0 1 993 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 30 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X J LEE JOHNSON PHD CPA 5172647108 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 SR PEG ALBERT OP PHD PRESIDENT 40.00 0.00 X X 274062 0 37050 HONORABLE MARGARET MS NOE CHAIRPERSON 1.00 0.00 X X 4164 0 0 FRANK JOHNSON VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 SCOTT HILL SECRETARY 1.00 0.00 X X 0 0 0 MERRI JO BALES TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 BETTY CUMMINGS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL DAWSON MD TRUSTEE 1.00 0.00 X 0 0 0 SR MARIANNE FAHLMAN TRUSTEE 1.00 0.00 X 0 0 0 JUDITH FRANCOEUR TRUSTEE 1.00 0.00 X 0 0 0 STEVE FUTRELL TRUSTEE 1.00 0.00 X 0 0 0 SUE GOLDSEN TRUSTEE 1.00 0.00 X 0 0 0 DOUG GRAY TRUSTEE 1.00 0.00 X 1245 0 0 RICHARD HALLER TRUSTEE 1.00 0.00 X 0 0 0 JANICE HANBA TRUSTEE 1.00 0.00 X 0 0 0 MARGARET HARTMAN TRUSTEE 1.00 0.00 X 0 0 0 JOHN HERN JR TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 MICHAEL L KAPNICK TRUSTEE 1.00 0.00 X 0 0 0 STEVE LINVILLE TRUSTEE 1.00 0.00 X 0 0 0 SR FRANCES NADOLNY OP PHD TRUSTEE 1.00 0.00 X 0 0 0 LISA OBERLIN TRUSTEE 1.00 0.00 X 0 0 0 FRANCINE PARKER TRUSTEE 1.00 0.00 X 0 0 0 IQBAL ROSHD TRUSTEE 1.00 0.00 X 0 0 0 SR ANNELIESE SINNOTT TRUSTEE 1.00 0.00 X 0 0 0 SR MARY SOHER OP TRUSTEE 1.00 0.00 X 0 0 0 DUSTY STEELE TRUSTEE 1.00 0.00 X 0 0 0 SR JOAN MARIE WEITHMAN OP TRUSTEE 1.00 0.00 X 0 0 0 LEE BENISH TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SHERMAN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SMITH TRUSTEE 1.00 0.00 X 0 0 0 TROY VAN HAUEN TRUSTEE 1.00 0.00 X 0 0 0 HAROLD LOVE TRUSTEE 1.00 0.00 X 0 0 0 BEN NEGRON TRUSTEE 1.00 0.00 X 0 0 0 J LEE JOHNSON PHD CPA TREASURER 40.00 0.00 X 163820 0 36116 SHARON WEBER OP VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 138516 0 22108 GEORGE WOLF VP FOR ENROLLMENT 40.00 0.00 X 123881 0 39907 DANIEL PENA VP FOR ADVANCEMENT 40.00 0.00 X 128911 0 27631 PATRICIA MCDONALD OP PROFESSOR 40.00 0.00 X 123251 0 15476 MICHAEL R WINSTROM PROFESSOR 40.00 0.00 X 106012 0 14432 STACEY MEYERS DIRECTOR OF NURSING 40.00 0.00 X 113133 0 16624 STEPHEN BALL PROFESSOR 40.00 0.00 X 111068 0 24860 MATTHEW DRAUD DEAN COLLEGE OF ARTS & SCIENCE 40.00 0.00 X 106382 0 26807 1394445 0 261011 12 0 1 0 CHARTWELLS DINING SERVICES PO BOX 9133 CHICAGO IL 60693 FOOD SERVICE PROVIDER 2127873 KRIEGHOFF LENAWEE CONSTRUCTION PO BOX 100 ADRIAN MI 49221 CONSTRUCTION MGMT 815063 LIAISON HOLDINGS LLC 311 ARSENAL ST WATERTOWN MA 02472 MARKETING - ADMISSIONS 274537 COLLABORATIVE INC 500 MADISON TOLEDO OH 43604 ARCHITECTURE 260430 MLIVE MEDIA GROUP PO BOX 77000 DETROIT MI 48277 MARKETING 178607 5 62283 18000 6628467 3925077 48271 10633827 TUITION AND FEES 611710 42007168 42007168 AUXILIARY 611710 5819293 5819293 CONFERENCES & CAMPS 721210 37800 37800 47864261 393950 -3930 397880 64742 103232 -38490 -38490 -38490 15013 0 98712 15013 -98712 -83699 -83699 47367 62283 21539 25828 25828 43255 16994 26261 26261 MISCELLANEOUS 900099 201608 201608 201608 59023546 47826461 -4620 567878 19695416 19695416 672499 672499 883667 110877 451133 321657 15893569 12958088 2705322 230159 575163 444753 130410 3721391 2616206 1105185 1173009 901504 271505 95675 95675 82380 82380 46233 46233 4366080 2932615 1429500 3965 484672 387325 96107 1240 297845 222725 72301 2819 185129 122290 62839 3513 3513 1349354 438281 911073 627931 547817 57676 22438 1043760 1043760 2901439 2901439 410618 143635 266983 ACTIVITIES 1029065 932987 66606 29472 REPAIRS AND MAINTENANCE 384828 110116 274712 DUES AND SUBSCRIPTIONS 348087 217321 114747 16019 BAD DEBT 303586 303586 497390 384654 102613 10123 57072299 43842622 12591785 637892 8822097 7610000 4696529 4434789 1756059 1926167 557676 790230 97542359 33612716 60454340 63929643 13627897 14901903 572265 422340 90486863 94015072 3313001 3558482 1588556 1605584 22817511 23394614 2408841 2312090 168530 391848 30296439 31262618 X 40961923 43239728 11358256 11300258 7870245 8212468 60190424 62752454 90486863 94015072 X 1951247 913504 -302721 X X 0 1 X 1 1 1 X 14456455 13102854 14079704 10304594 10633827 62577434 14456455 13102854 14079704 10304594 10633827 62577434 11956531 50620903 180292 180748 165309 231924 397880 1156153 51112 70437 7697 0 0 129246 290764 379151 105970 342667 292230 1410782 65273615 230337408 0.77550 0.79730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2014 AMOUNT: $ 21,111. 2015 AMOUNT: $ 15,744. 2016 AMOUNT: $ 11,175. 2017 AMOUNT: $ 56,515. 2018 AMOUNT: $ 47,367. MISCELLANEOUS - 2014 AMOUNT: $ 269,653. 2015 AMOUNT: $ 363,407. 2016 AMOUNT: $ 46,522. 2017 AMOUNT: $ 236,951. 2018 AMOUNT: $ 201,608. GAMING - 2016 AMOUNT: $ 48,273. 2017 AMOUNT: $ 49,201. 2018 AMOUNT: $ 43,255. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11840756 342224 1164521 427367 70734 12849400 11350166 92686 1108295 400651 309740 11840756 10341603 181600 1483908 368499 288446 11350166 10643851 130274 -68467 364055 10341603 10161942 393136 423805 335032 10643851 0.03000 0.57000 0.40000 0 0 1650 1327810 1329460 448134 65186996 17124869 48510261 1391743 1391743 24631879 16445949 8185930 45551 4508596 41898 4512249 63929643 ANNUITIES PAYABLE 25113 CONDITIONAL ASSET RETIREMENT OBLIGATION 143067 FAIR VALUE OF INTEREST RATE SWAP 223668 391848 39361946 913504 -160956 752548 38609398 46233 20367915 20414148 59023546 36799916 141765 141765 36658151 46233 20367915 20414148 57072299 PART V, LINE 4: THIS ENDOWMENT IS USED BY THE ORGANIZATION TO PROVIDE SCHOLARSHIPS TO QUALIFIED INDIVIDUALS AND PROGRAM ACTIVITIES SUCH AS ENDOWED LECTURE SERIES, FACULTY DEVELOPMENT, AND OTHER PROGRAM ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -378,844. CHANGE IN FAIR VALUE OF PLEDGES RECEIVABLE 76,123. FUNDRAISING EXPENSE NETTED AGAINST REVENUE 21,539. RENTAL EXPENSE NETTED AGAINST REVENUE 103,232. GAMING EXPENSE NETTED AGAINST REVENUE 16,994. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 20,367,915. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST REVENUE 21,539. RENTAL EXPENSE NETTED AGAINST REVENUE 103,232. GAMING EXPENSE NETTED AGAINST REVENUE 16,994. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 20,367,915. 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 POLICY IS PUBLICIZED ON ADMISSIONS BROCHURES AND COURSE CATALOGS, AS WELL AS ON THE UNIVERSITY'S WEBSITE WHICH IS AVAILABLE TO THE PUBLIC. SCHEDULE E, PART I, LINE 6 SIENA HEIGHTS UNIVERSITY RECEIVES FEDERAL FUNDS FOR FINANCIAL AID FOR ITS STUDENTS, DEPARTMENT OF EDUCATIONS, FUNDS FOR TWO TRIO PROGRAMS, DEPT. OF JUSTICE FUNDS FOR VIOLENCE AGAINST WOMEN GRANT, NATIONAL ENDOWMENT FOR THE HUMANITIES GRANT, AND NATIONAL SCIENCE FOUNDATION FUNDS FOR S-STEM AND NOYCE. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 15009 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS N/A 12000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS N/A 8000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS N/A 267893 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS N/A 282606 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 SCHOLARSHIPS N/A 20000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS N/A 82000 0 0 0 0 0 0 687508 0 687508 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, TUITION PAYMENT FOR STUDY ABOARD PROGRAMS 15009 WIRE TRANSFER 0 CASH 1 0 SCHOLARSHIP - TUITION/BOOKS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 12000 APPLIED AGAINST STUDENTS TUITION ACCOUNT SCHOLARSHIP - TUITION/BOOKS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 8000 APPLIED AGAINST STUDENTS TUITION ACCOUNT SCHOLARSHIP - TUITION/BOOKS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 18 267893 APPLIED AGAINST STUDENTS TUITION ACCOUNT SCHOLARSHIP - TUITION/BOOKS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 19 282606 APPLIED AGAINST STUDENTS TUITION ACCOUNT SCHOLARSHIP - TUITION/BOOKS RUSSIA AND NEIGHBORING STATES 1 20000 APPLIED AGAINST STUDENTS TUITION ACCOUNT SCHOLARSHIP - TUITION/BOOKS EUROPE (INCLUDING ICELAND & GREENLAND) 5 82000 APPLIED AGAINST STUDENTS TUITION ACCOUNT 1 0 0 0 0 0 PART I, LINE 2: IN THE AGREEMENTS, THE USE OF FUND AND REPORTING REQUIREMENTS ARE SPECIFIED AND MONITORED. SUMMER SPECTACULAR EVENT SCHOLARSHI 109650 62283 47367 525 3024 8212 400 9378 109650 62283 47367 525 3024 8212 400 9378 21539 25828 43255 10393 6601 1 1.00000 43255 10393 6601 16994 26261 MI 1 0 1 0 0.80000 0.20000 MARY KRUSE 1247 EAST SIENA HEIGHTS DRIVE ADRIAN MI 49221 0 MARY KRUSE MAKE SURE LICENSE IS OBTAINED, ENSURES RAFFLE FOLLOWS STATE GUIDELINES, ENSURES RECORDING OF RAFFLE IS PROPERLY COMPLETED X 0 1 SCHOLARSHIP - TUITION/BOOKS 1836 19695416 PART I, LINE 2: SIENA HEIGHTS UNIVERSITY PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND TUITION DISCOUNTS BASED ON MERIT, FINANCIAL NEED, SPECIAL CRITERIA BASED ON RESTRICTED FUND ENDOWMENTS AND DONOR CRITERIA, AND INFORMATION PROVIDED BY THE STUDENT ON THE SCHOLARSHIP APPLICATION. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SR PEG ALBERT OP PHD PRESIDENT 274062 0 0 0 0 0 0 0 37050 0 311112 0 0 0 J LEE JOHNSON PHD CPA TREASURER 163820 0 0 0 0 0 0 0 36116 0 199936 0 0 0 SHARON WEBER OP VP FOR ACADEMIC AFFAIRS 138516 0 0 0 0 0 0 0 22108 0 160624 0 0 0 GEORGE WOLF VP FOR ENROLLMENT 123881 0 0 0 0 0 0 0 39907 0 163788 0 0 0 DANIEL PENA VP FOR ADVANCEMENT 128911 0 0 0 0 0 0 0 27631 0 156542 0 0 0 PART I, LINE 1A - THE PRESIDENT OF THE UNIVERSITY LIVES IN A HOUSE THAT IS OWNED BY THE UNIVERSITY AND HAS A DISCRETIONARY SPENDING ACCOUNT. ALL EXPENSES, INCLUDING UTILITIES AND HOUSEKEEPING, ARE PAID BY THE UNIVERSITY. THE PRESIDENT IS TAX-EXEMPT DUE TO HER RELIGIOUS STATUS. - LEE JOHNSON RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THAT WERE TREATED AS TAXABLE COMPENSATION. - THE UNIVERSITY PAID FOR A MEMBERSHIP TO ADRIAN COUNTRY CLUB FOR SR PEG ALBERT AND DANIEL PENA. THE MEMBERSHIPS WERE USED FOR BUSINESS ONLY, THEREFORE THEY WERE NOT TREATED AS TAXABLE COMPENSATION. A ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE SERIES 2009 521302758 526010ADF 2009-04-28 8700000 TO FINANCE REFUNDING FOR SERIES 2006 BONDS 0 0 0 B ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE SERIES 2010 521302758 NONEAVAIL 2010-12-21 15434000 CONSTRUCTION 0 0 0 C ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LEWANEE SERIES 2013 521302758 NONEAVAIL 2013-12-01 7500000 CONSTRUCTION 0 0 0 D ECONOMIC DEVELOPMENT CORP OF THE COUNTY OF LENAWEE SERIES 2016 521302758 NONEAVAIL 2016-12-23 8000000 CONSTRUCTION 0 0 0 A 8700000 273375 8426625 2009 1 0 1 1 B 12564776 289650 12275127 2013 0 0 1 1 C 7465665 188125 7277540 2018 0 0 1 1 D 2235982 177394 2058587 0 0 0 1 A 0 0 0 0 0 0 0 B 0 1 1 1 0 0.01000 0.01000 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 1 1 1 FIRST AMERICAN BANK 10.000000000000 0 0 0 0 1 B 0 0 1 0 1 1 FIRST AMERICAN BANK 10.000000000000 0 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 2C: 04/28/2014 SCOTT HILL TRUSTEE 2677913 SCOTT HILL IS A STOCKHOLDER OF KRIEGHOFF LENAWEE COMPANIES. KRIEGHOFF LENAWEE PROVIDED CONSTRUCTION SERVICES FOR THE ORGANIZATION. 0 MICHAEL KAPNICK TRUSTEE 102000 MICHAEL KAPNICK IS THE COO OF KAPNICK INSURANCE GROUP. KAPNICK INSURANCE PROVIDES INSURANCE AND FLEX SPENDING SERVICES. 0 CINDY HILL WIFE OF SCOTT HILL, TRUSTEE 42430 CINDY HILL RECEIVED COMPENSATION AS THE WOMEN'S LACROSSE COACH. 0 X 5 896 FAIR MARKET VALUE X 27908 FAIR MARKET VALUE X MUSICAL EQUIPMENT 3 12450 FAIR MARKET VALUE X ENTERTAINMENT 38 7017 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 SCOTT HILL HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING INDIVIDUALS: SR. FRANCES NADOLNY, AND MICHAEL KAPNICK. STEVEN FUTRELL HAS A BUSINESS RELATIONSHIP WITH JANICE HANBA. MICHAEL KAPNICK HAS A BUSINESS RELATIONSHIP WITH LEE JOHNSON. MICHAEL KAPNICK HAS A BUSINESS RELATIONSHIP WITH JUDITH FRANCOEUR, MARGARET NOE, SUE GOLDSEN, SCOTT HILL, RICHARD HALLER, JOHN HERN, AND MICHAEL DAWSON. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS ADRIAN DOMINICAN SISTERS. FORM 990, PART VI, SECTION A, LINE 7A THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO ELECT TRUSTEES TO THE BOARD OF TRUSTEES AND REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. FORM 990, PART VI, SECTION A, LINE 7B THE ADRIAN DOMINICAN SISTERS HAVE THE EXCLUSIVE RIGHT TO EXERCISE THE RESERVED POWERS BESTOWED UPON THEM PURSUANT TO THE SIENA HEIGHTS UNIVERSITY BYLAWS. THESE RESERVED POWERS INCLUDE THE FOLLOWING: (A)APPROVE THE MISSION, PURPOSES AND PHILOSOPHY OF THE CORPORATION; (B)ELECT TRUSTEES TO THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN ARTICLE V, SECTION 3; (C)REMOVE ANY TRUSTEE AT ANY TIME IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (D)REVIEW AND COMMENT ON ALL ANNUAL OPERATING AND CAPITAL BUDGETS DEVELOPED BY THE BOARD OF TRUSTEES PRIOR TO THEIR ADOPTION BY THE BOARD, AND ALL NON-BUDGETED OPERATING EXPENSES AND CAPITAL EXPENDITURES IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (E)AUTHORIZE AND/OR APPROVE ANY INCURRENCE, ASSUMPTION, OR GUARANTEE OF DEBT IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (F)AUTHORIZE AND/OR APPROVE THE ENCUMBRANCE, SALE, LEASE OR OTHER DISPOSITION OF ANY REAL ESTATE OR THE SALE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (G)AUTHORIZE AND/OR APPROVE CONTRACTS THAT CALL FOR EXPENDITURES OF SUMS IN EXCESS OF AN AMOUNT DETERMINED FROM TIME TO TIME BY THE MEMBERS; (H)AUTHORIZE AND/OR APPROVE THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH OR INTO ANOTHER ENTITY; (I)APPOINT AND REAPPOINT THE PRESIDENT, AND REMOVE THE PRESIDENT IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (J)REMOVE OTHER OFFICERS OF THE CORPORATION IF THEY BELIEVE IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO; (K)AUTHORIZE AND/OR APPROVE THE CREATION OF SUBSIDIARIES OR AFFILIATES OF THE CORPORATION OR THE CORPORATION'S PARTICIPATION IN JOINT VENTURES; (L)AUTHORIZE AND/OR APPROVE ANY AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION AND/OR BYLAWS AFTER CONSULTING WITH THE BOARD OF TRUSTEES; AND (M)AUTHORIZE AND/OR APPROVE THE DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. QUESTIONS AND COMMENTS WERE SOLICITED FROM THE BOARD TO ENSURE THE COMPLETENESS AND ACCURACY OF THIS FORM. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE WRITTEN CONFLICTS ANNUALLY. DIFFERENT STANDING COMMITTEES OF THE BOARD OF TRUSTEES MONITOR AND REVIEW CONFLICTS OF INTEREST FOR KEY EMPLOYEES AND TRUSTEES ANNUALLY. IF A CONFLICT ARISES, THE TRUSTEE SHALL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT IS DETERMINED BY A SUB-COMMITTEE (COMPENSATION COMMITTEE) OF THE BOARD OF TRUSTEES. THIS COMMITTEE MEETS AFTER THE PERFORMANCE REVIEW IS COMPLETED FOR THE PRESIDENT. IF A RAISE IS WARRANTED, THE PRESIDENT CAN DECLINE BASED ON UNIVERSITY DETERMINATION OF INCREASES FOR THE ENTIRE STAFF. COMPENSATION FOR ALL EMPLOYEES IS COMPARED TO CUPA STANDARDS AND ANNUAL RAISES FOR THE COMMUNITY AT-LARGE IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. FISCAL YEAR 2019 WAS THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ORGANIZATIONAL DOCUMENTS AVAILABLE AT THE SIENA HEIGHTS UNIVERSITY LIBRARY AND THROUGH THE UNIVERSITY'S WEBSITE. FURTHER, ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON VALUE OF INTEREST RATE SWAPS -378,844. CHANGE IN FAIR VALUE OF PLEDGED RECEIVABLES 76,123. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ADRIAN DOMINICAN SISTERS 1257 E SIENA HEIGHTS DR ADRIAN MI 49221 CATHOLIC RELIGIOUS ORDER MI 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 ADRIAN DOMINICAN SISTERS P 177051 ACTUAL EXPENSES INCURRED