2019-04-12T10:00:21-05:00 2018-05-31 134008324 PRICEWATERHOUSECOOPERS LLP 600 THIRTEENTH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2017-06-01 750827465 TEXAS CHRISTIAN UNIVERSITY TEXA 8172574506 TCU BOX 297011 FORT WORTH TX 761290001 BRIAN GUTIERREZ VC FINANCE AND ADMINISTRATION 2019-04-12 true TRAVIS L PATTON P00369623 2024141000 2017 2019-02-21 02:37:17Z VICTOR J BOSCHINI TCU BOX 297011 FORT WORTH TX 761290001 2039675672 false X WWW.TCU.EDU X 1889 TX TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES EIGHT MAJOR ACADEMIC UNITS. INSTRUCTION IS FOR 10,489 STUDENTS. 49 46 6123 10500 -1611712 -2594966 84087330 87359007 544860299 574333587 134551257 163377602 16621563 23766520 780120449 848836716 154190852 165884493 0 263030403 282947568 126179 240141 13386414 238704568 254726284 656052002 703798486 124068447 145038230 2930566955 3200356822 738329953 822619528 2192237002 2377737294 X TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES EIGHT MAJOR ACADEMIC UNITS: LIBERAL ARTS, SCIENCE AND ENGINEERING, BUSINESS, EDUCATION, FINE ARTS, COMMUNICATION, HONORS, AND NURSING AND HEALTH SCIENCES. TCU'S MISSION STATEMENT IS "TO EDUCATE INDIVIDUALS TO THINK AND ACT AS ETHICAL LEADERS AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITY." OUR VISION IS TO CREATE A WORLD-CLASS, VALUES-CENTERED UNIVERSITY EXPERIENCE FOR OUR STUDENTS. OUR CORE VALUES ARE ACADEMIC ACHIEVEMENT, PERSONAL FREEDOM AND INTEGRITY, THE DIGNITY AND RESPECT OF THE INDIVIDUAL, AND A HERITAGE OF INCLUSIVENESS, TOLERANCE, AND SERVICE. false false 353191955 165884493 448365724 SEE SCHEDULE O 165998548 115469375 SEE SCHEDULE O 41195965 3176295 SEE SCHEDULE O 49381776 6377900 SEE SCHEDULE O 49381776 6377900 609768244 true true false true false false true false true true true false false true true true false true true true true false true true false false true true true true false false false false false false true false true true true true false false true true true true false false true 14604 0 true 6123 true true true false false false false true true true false false false X 49 46 true false false false false false false true true false false true true true true true false true true false X KIM ADAMS 8172574506 2800 S UNIVERSITY DRIVE FORT WORTH TX 761290001 Victor J Boschini Jr Chancellor 40.0 X X 2398011 0 715248 Leanne S Acuff Trustee 2.0 X 0 0 0 Sheryl L Adkins-Green Trustee 2.0 X 0 0 0 Allie Beth McMurtry Allman Trustee 2.0 X 0 0 0 Amy Roach Bailey Trustee 2.0 X 0 0 0 Michael K Berry Trustee 2.0 X 0 0 0 Joe D Briggs Trustee 2.0 X 0 0 0 Edward A Clark Trustee 2.0 X 0 0 0 Brenda Almes Cline Trustee 2.0 X 0 0 0 J Kelly Cox Trustee 2.0 X 0 0 0 Lou Hill Davidson Trustee 2.0 X 0 0 0 Marilyn E Davies Trustee 2.0 X 0 0 0 Barry E Davis Trustee 2.0 X 0 0 0 John F Davis III Trustee 1.0 X 0 0 0 G Hunter Enis Trustee 2.0 X 0 0 0 Kathryn Thompson Farmer Trustee 2.0 X 0 0 0 Charlotte Scharbauer French Trustee 2.0 X 0 0 0 Marcia Fuller French Trustee 2.0 X 0 0 0 Alan D Friedman Trustee 2.0 X 0 0 0 Rafael G Garza Trustee 2.0 X 0 0 0 Charles L Geren Trustee 2.0 X 0 0 0 Nick A Giachino Trustee 2.0 X 0 0 0 Elliott J Hill Trustee 2.0 X 0 0 0 Kenneth J Huffman Trustee 2.0 X 0 0 0 Bruce W Hunt Trustee 2.0 X 0 0 0 Mark L Johnson Chair 6.0 X 0 0 0 J Bryan King Trustee 4.0 X 0 0 0 J Luther King Jr Trustee 2.0 X 0 0 0 G Malcolm Louden Trustee 2.0 X 0 0 0 Mary Ralph Lowe Trustee 2.0 X 0 0 0 Kade L Matthews Trustee 2.0 X 0 0 0 Kit Tennison Moncrief Vice Chair 5.0 X 0 0 0 Ronald C Parker Trustee 4.0 X 0 0 0 John H Pinkerton Trustee 2.0 X 0 0 0 Roger Ramsey Trustee 2.0 X 0 0 0 Trevor D Rees-Jones Trustee 2.0 X 0 0 0 Nancy Tartaglino Richards Trustee 2.0 X 0 0 0 Joan Glusing Rogers Trustee 2.0 X 0 0 0 Matthew K Rose Trustee 2.0 X 0 0 0 Billy Rosenthal Trustee 2.0 X 0 0 0 Clarence Scharbauer III Trustee 2.0 X 0 0 0 Patricia Penrose Schieffer Trustee 2.0 X 0 0 0 Edgar H Schollmaier Trustee 2.0 X 0 0 0 Jan Tucker Scully Trustee 2.0 X 0 0 0 Roy C Snodgrass III Trustee 2.0 X 0 0 0 Richard Lee Stuart II Trustee 2.0 X 0 0 0 Duer Wagner III Trustee 2.0 X 0 0 0 Roger Williams Trustee 2.0 X 0 0 0 Rick L Wittenbraker Trustee 2.0 X 0 0 0 Michael G Wright Trustee 2.0 X 0 0 0 Kimbell Fortson Wynne Trustee 2.0 X 0 0 0 Kathryn MCavins Tull VC Student Affairs 40.0 X 313385 0 46117 Yohna J Chambers VC Human Resources 40.0 X 282225 0 22762 Raymond Nowell Donovan Provost VC Academic Affairs 40.0 X 668561 0 70944 Brian G Gutierrez VC Finance & Administration 40.0 X 566058 0 218506 Tracy D Syler-Jones VC Marketing & Communication 40.0 X 298086 0 47386 Jean M Mrasek Board Secretary 40.0 X 162676 0 28824 Donald J Whelan Jr VC University Advancement 40.0 X 628957 0 78630 Christopher Del Conte Athletic Director 40.0 X 1048425 0 77326 Jeremiah Donati Athletic Director 40.0 X 185785 0 45584 James R Hille Chief Investment Officer 40.0 X 1007572 0 495963 Bryan C Lucas Chief Technology Officer 40.0 X 346042 0 56498 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 40.0 X 218710 0 27105 Cheryl K Wilson Assoc. VC & Controller 40.0 X 238271 0 30572 Sonny J Cumbie Assistant Football Coach 40.0 X 916198 0 59239 James P Dixon Mens Basketball Coach 40.0 X 3395083 0 28318 Stuart D Flynn Dean of the Medical School 40.0 X 802311 0 48439 Gary A Patterson Head Football Coach 40.0 X 4795278 0 105498 James M Schlossnagle Head Baseball Coach 40.0 X 1177025 0 98821 TRENT A JOHNSON FORMER MEN'S BASKETBALL COACH 0.0 X 2450000 0 0 21898659 0 2301780 432 true true false HC BECK LTD 1807 ROSS AVENUE SUITE 500 DALLAS TX 75201 CONSTRUCTION & ARCHITECTURE SRVS 71155760 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 DINING SERVICES 19128203 LINBECK GROUP LLC 201 MAIN STREET SUITE 1801 FORT WORTH TX 76102 CONSTRUCTION SRVS 15811024 WO ADAMS CONSTRUCTION CO LLC PO BOX 548 LANCASTER TX 75146 CONSTRUCTION SRVS 3514964 HILL & WILKINSON CONSTRUCTION GROUP 2703 TELECOM PKWY SUITE 120 RICHARDSON TX 75082 CONSTRUCTION SRVS 3361979 96 X 0 164057 691107 0 9282670 77221173 9448968 87359007 TUITION AND FEES 611310 448365724 448365724 0 0 RESIDENTIAL ADMINISTRATION 611710 33721748 33721748 0 0 DINING SERVICES 611710 20505350 20505350 0 0 ATHLETICS AND CAMPUS REC 611710 55364231 54446527 917704 0 UNIVERSITY BOOKSTORE 611710 1943548 1943548 0 0 14432986 14406397 26589 0 574333587 35977314 0 12113 35965201 0 0 0 0 19712182 0 0 19712182 652982 105650 0 0 652982 105650 758632 0 0 758632 1317522322 230553 1189778659 573928 127743663 -343375 127400288 0 -2568118 129968406 383710 691107 374140 9570 0 9570 0 0 0 0 0 0 191122 112229 78893 0 0 78893 BRITE ADMINISTRATION MAINTENANCE FEE 611710 1028088 0 0 1028088 ANNUITY INCOME 611710 1259763 0 0 1259763 ALUMNI EVENTS 611710 290513 0 0 290513 628879 0 0 628879 3207243 848836716 573389294 -1611712 189700127 714436 714436 165150176 165150176 19881 19881 0 0 11405792 1274778 9314087 816927 0 0 0 0 201616015 182428316 12667263 6520436 18197806 14821341 2657745 718720 38779269 34904857 2470574 1403838 12948686 11107962 1307418 533306 0 0 0 0 1351097 137195 1171556 42346 500276 19620 480616 40 1103 0 1103 0 240141 240141 38063478 0 38063478 0 28537014 27381341 756624 399049 2767428 1570608 1193115 3705 19987165 17455633 1684126 847406 3990941 3160180 775263 55498 0 0 0 0 22222595 21263228 916150 43217 26179983 24091134 1530911 557938 0 0 0 0 1819187 1621666 145476 52045 15205188 14707397 494808 2983 0 0 0 0 60395787 56719587 2889127 787073 2294170 2217861 72539 3770 DUES AND SUBSCRIPTIONS 7441702 6985874 363665 92163 FOOD SERVICES 17472631 16475651 756868 240112 INSTR., RESEARCH, & LAB 1794852 1750049 35992 8811 INDIRECT COST 641524 641524 0 0 4060163 3147949 895324 16890 703798486 609768244 80643828 13386414 11479306 11079380 0 0 59206214 39821668 25319680 28207575 0 0 0 502775 604825 10689592 4798622 1764964267 520601639 1138622263 1244362628 575483183 695922171 995377939 1050904953 0 113886003 124655000 2930566955 3200356822 75474768 82846537 38280854 37702388 522291801 607638747 0 102282530 94431856 738329953 822619528 1426544640 1545399805 349392998 397906461 416299364 434431028 2192237002 2377737294 2930566955 3200356822 X 145038230 39120259 1341803 X false true X true true true X 77006789 78667620 71766996 72698981 78076337 378216723 0 0 0 0 0 0 0 0 0 0 0 0 77006789 78667620 71766996 72698981 78076337 378216723 28644164 349572559 53926689 51457523 34979276 39804159 56448128 236615775 0 0 0 0 0 0 781781 604113 595561 659603 574832 3215890 618048388 2547139525 0.5656 0.5741 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUND RAISING & SALES, COLUMN A - 781781.0, COLUMN B - 604113.0, COLUMN C - 595561.0, COLUMN D - 659603.0, COLUMN E - 574832.0, COLUMN F - 3215890.0; false false false false false false false false true 1103 1103 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THIS ORGANIZATION PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS (ICUT) OF $ 105,463 AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) IN THE AMOUNT OF $15,750 DURING THE FISCAL YEAR. OF THE AMOUNT PAID TO NAICU, 7% OF THESE DUES WERE ATTRIBUTABLE TO LOBBYING EFFORTS, OR $ 1,103. OF THE AMOUNT THAT WAS PAID TO ICUT, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THIS ORGANIZATION PAID MEMBERSHIP DUES TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS (ICUT) OF $ 105,463 AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) IN THE AMOUNT OF $15,750 DURING THE FISCAL YEAR. OF THE AMOUNT PAID TO NAICU, 7% OF THESE DUES WERE ATTRIBUTABLE TO LOBBYING EFFORTS, OR $ 1,103. OF THE AMOUNT THAT WAS PAID TO ICUT, NO DUES WERE SPECIFICALLY ALLOCATED TO LOBBYING COSTS. 466433 3686353 X X false 1471789593 15574425 176446720 13427659 54436053 0 1595947026 1407057002 19579000 111041393 12757522 53130280 0 1471789593 1486003520 17127930 -35128139 11281254 49665055 0 1407057002 1393241318 16447929 133486273 10393957 46778043 0 1486003520 1256029327 14406762 179244836 10174622 46264985 0 1393241318 0.5116 0.2717 0.2167 true false 21085522 95139850 116225372 1269223248 354942476 914280772 172026942 115262448 56764494 207488705 50396715 157091990 1244362628 FUNDS HELD IN TRUST BY OTHERS 87608377 F LIMITED PARTNERSHIPS 609853455 F INTEREST RATE CAP 2101 F HEDGE FUNDS 353441020 F DERIVATIVES 0 F 1050904953 FUNDS HELD IN TRUST 12547609 GOVERNMENT LOANS 6586998 POST RETIREMENT BENEFITS 49907682 INTEREST RATE SWAP LIABILITY 25389567 94431856 X 685114317 39120259 0 0 -165265549 -126145290 811259607 37577109 37577109 848836716 499614127 0 0 0 486369 486369 499127758 204670728 204670728 703798486 Schedule D, Part III, Line 4 Collections of art - description of collections TCU'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS: CONTRIBUTIONS OF ART ARE GENERALLY NOT RECORDED ON THE BOOKS OF THE UNIVERSITY WHEN RECEIVED, UNLESS A READILY DETERMINABLE FAIR VALUE IS AVAILABLE AT THE DATE OF GIFT. THE SPEAKER JIM WRIGHT COLLECTION, WHICH WAS DONATED TO THE UNIVERSITY IN 1989 AND CONSISTS OF 1,074 LINEAR FEET OF PAPERS, PHOTOGRAPHS, AUDIOVISUAL MATERIAL, BOOKS, AND MEMORABILIA, DOCUMENTS THE POLITICAL CAREER OF THE FORMER SPEAKER OF THE HOUSE. THE COLLECTION ALLOWS RESEARCH IN THE AREAS OF HISTORY AND POLITICAL SCIENCE BY STUDENTS, FACULTY, AND OTHER SCHOLARS. TCU ALSO HOLDS A COLLECTION OF ANDY WARHOL PHOTOGRAPHY, WHICH WAS DONATED TO THE UNIVERSITY IN MAY OF 2008 BY THE WARHOL FOUNDATION IN NEW YORK, NY. 152 ANDY WARHOL PRINTS WERE PROVIDED TO TCU BY THE ANDY WARHOL PHOTOGRAPHIC LEGACY PROGRAM, AND THIS COLLECTION IS HELD IN THE SCHOOL OF ART AND ART HISTORY. THE OSCAR E. MONNIG METEORITE COLLECTION WAS CATALOGED BY THE AMERICAN METEORITE LABORATORY, DENVER, COLORADO, AND WAS DONATED TO TEXAS CHRISTIAN UNIVERSITY FROM 1978 TO 1986 AND WAS OPENED FOR THE PUBLIC ON FEBRUARY 1, 2003. THE COLLECTION CONTAINS OVER 2,300 DIFFERENT METEORITES. THIS COLLECTION PROVIDES EDUCATION TO STUDENTS BY PROVIDING OPPORTUNITIES TO EXPLORE THE MYSTERIES OF METEORITES. STUDENTS CAN LEARN HOW TO IDENTIFY A METEORITE, EXPERIENCE A HANDS-ON ENCOUNTER WITH DIFFERENT TYPES OF METEORITES, AND CREATE THEIR OWN TERRESTRIAL IMPACT CRATER. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. ENDOWMENT FUNDS PRIMARILY SUPPORT THE UNIVERSITY'S UNRESTRICTED SUPPORT, RESEARCH AND EDUCATION PROGRAMS, SCHOLARSHIPS, ENDOWED CHAIRS, PROPERTY AND EQUIPMENT, AND OTHER PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TCU'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO THE LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 (IRC), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. THE UNIVERSITY HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. ACCORDINGLY, NO ADDITIONAL DISCLOSURES HAVE BEEN MADE ON THE FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX PROVISIONS. AS OF MAY 31, 2018, THE UNIVERSITY'S TAX YEARS ENDED MAY 31, 2015 THROUGH 2018, GENERALLY, REMAIN SUBJECT TO EXAMINATION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 STUDENT FINANCIAL AID - -XXX-XX-XXXX POST RETIREMENT BENEFIT ACTUARIAL CHANGE - 1118167 OFFICER COMPENSATION OF CIO, INV. INCOME - -1233540 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TCU PRESS COST OF GOODS SOLD - -112229 SPECIAL EVENTS EXPENSES - -374140 INVESTMENT FEES, GROSS UP - 38063478 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 TCU PRESS COST OF GOODS SOLD - 112229 SPECIAL EVENTS EXPENSES - 374140 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT FINANCIAL AID - XXX-XX-XXXX OTHER MISC. DIFFERENCES - 1465 INVESTMENT FEES, GROSS UP - 38063478 OFFICER COMP. OF ASSOC. VC CAPITALIZED - 222069 OFFICER COMP. OF CIO, INV. INCOME - 1233540 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 TCU FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. TCU INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARD STUDENTS IN ITS BROCHURES, CATALOGUES, AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. TCU DOES NOT PUBLICIZE ITS POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA SINCE TCU IS A NATIONAL UNIVERSITY AND DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE FROM WIDESPREAD GEOGRAPHIC SECTIONS OF THE COUNTRY. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT TEXAS CHRISTIAN UNIVERSITY FUNCTIONS AS AN ADMINISTRATOR FOR FEDERAL GRANT-SUPPORTED PROJECTS AND VARIOUS FORMS OF FEDERAL FINANCIAL AID GRANTED OR AWARDED TO STUDENTS ATTENDING THE UNIVERSITY. true Central America and the Caribbean 0 0 Program Services athletic competition, conferences, musical performance, recruitment, research, service learning, study abroad 123435 East Asia and the Pacific 0 0 Program Services athletic competition, conferences, recruitment, research, study abroad 250564 Europe (Including Iceland and Greenland) 0 1 Program Services conferences, recruitment, research, service learning, study abroad 1897441 Middle East and North Africa 0 0 Program Services research, other 7715 North America (Canada & Mexico only) 0 0 Program Services conferences, research, service learning, study abroad 129352 South America 0 0 Program Services conferences, musical performance, research, study abroad 219153 South Asia 0 0 Program Services conferences, recruitment, research, study abroad 30872 Russia and Neighboring States 0 0 Program Services conferences 6873 Sub-Saharan Africa 0 0 Program Services conferences, instructional development, recruitment, research, study abroad 174049 Europe (Including Iceland and Greenland) 0 0 Grantmaking 13881 South Asia 0 0 Grantmaking 6000 Central America and the Caribbean 0 0 Investments 492226299 Europe (Including Iceland and Greenland) 0 0 Investments 15272096 North America (Canada & Mexico only) 0 0 Investments 4425278 Sub-Saharan Africa 0 0 Grantmaking 5000 0 1 0 0 0 1 514788008 0 514788008 Europe (Including Iceland and Greenland) Training volunteers to teach refugee children 13881 Wire 0 N/A N/A South Asia Eradicating human trafficking through awareness and advocacy 6000 Wire 0 N/A N/A 2 0 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES: ALL SUBAWARD PAYMENTS OF GRANTS FOREIGN OR DOMESTIC MUST BE ACCOMPANIED BY A SUBAWARD AGREEMENT. EACH SUBRECIPIENT IS REVIEWED TO ENSURE THE COMMITMENT TO PARTICIPATE IN THE PROJECT AND ABIDE BY ALL OF THE ASSOCIATED TERMS AND CONDITIONS. A SIGNED SUBAWARD AGREEMENT MUST BE RECEIVED BEFORE ANY DISTRIBUTIONS TO A SUBRECIPIENT ARE MADE. THE SUBAWARD AGREEMENT CONTAINS 1) GENERAL TERMS AND CONDITIONS 2) PRIMARY CONTACT INFORMATION BY RESPONSIBILITY 3) REPORTING REQUIREMENTS 4) SCOPE OF WORK AND BUDGET ALL GRANT SPONSORED DISBURSEMENTS ARE REVIEWED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE THE INVOICES ARE IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANT/SUBAWARD. THE PRINCIPAL INVESTIGATOR IS REQUIRED TO APPROVE EACH INVOICE TO ACKNOWLEDGE THEIR REVIEW OF ANY REQUIRED TECHNICAL PROGRESS REPORTS AND/OR SATISFACTORY PERFORMANCE BY THE SUBRECIPIENT. ALL GRANT SPONSORED INVOICES ARE REVIEWED AND APPROVED BY RESEARCH GRANT ACCOUNTING BEFORE BEING SUBMITTED TO THE ACCOUNTS PAYABLE DEPARTMENT FOR PROCESSING. AFTER THE ACCOUNTS PAYABLE DEPARTMENT REVIEWS THE INVOICE TO ENSURE VENDOR IS PAID IN ACCORDANCE WITH VARIOUS GUIDELINES, RULES AND PROCEDURES, THE ACCOUNTS PAYABLE DEPARTMENT WILL ENTER THE INVOICE INFORMATION INTO THE AP SYSTEM AND WILL REVIEW THE INVOICE TO ENSURE THAT APPROPRIATE APPROVAL SIGNATURES ARE INCLUDED ON THE INVOICE. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES: ALL SUBAWARD PAYMENTS OF GRANTS FOREIGN OR DOMESTIC MUST BE ACCOMPANIED BY A SUBAWARD AGREEMENT. EACH SUBRECIPIENT IS REVIEWED TO ENSURE THE COMMITMENT TO PARTICIPATE IN THE PROJECT AND ABIDE BY ALL OF THE ASSOCIATED TERMS AND CONDITIONS. A SIGNED SUBAWARD AGREEMENT MUST BE RECEIVED BEFORE ANY DISTRIBUTIONS TO A SUBRECIPIENT ARE MADE. THE SUBAWARD AGREEMENT CONTAINS 1) GENERAL TERMS AND CONDITIONS 2) PRIMARY CONTACT INFORMATION BY RESPONSIBILITY 3) REPORTING REQUIREMENTS 4) SCOPE OF WORK AND BUDGET ALL GRANT SPONSORED DISBURSEMENTS ARE REVIEWED BY THE PRINCIPAL INVESTIGATOR OF THE GRANT TO ENSURE THE INVOICES ARE IN ACCORDANCE WITH THE REQUIREMENTS OF THE GRANT/SUBAWARD. THE PRINCIPAL INVESTIGATOR IS REQUIRED TO APPROVE EACH INVOICE TO ACKNOWLEDGE THEIR REVIEW OF ANY REQUIRED TECHNICAL PROGRESS REPORTS AND/OR SATISFACTORY PERFORMANCE BY THE SUBRECIPIENT. ALL GRANT SPONSORED INVOICES ARE REVIEWED AND APPROVED BY RESEARCH GRANT ACCOUNTING BEFORE BEING SUBMITTED TO THE ACCOUNTS PAYABLE DEPARTMENT FOR PROCESSING. AFTER THE ACCOUNTS PAYABLE DEPARTMENT REVIEWS THE INVOICE TO ENSURE VENDOR IS PAID IN ACCORDANCE WITH VARIOUS GUIDELINES, RULES AND PROCEDURES, THE ACCOUNTS PAYABLE DEPARTMENT WILL ENTER THE INVOICE INFORMATION INTO THE AP SYSTEM AND WILL REVIEW THE INVOICE TO ENSURE THAT APPROPRIATE APPROVAL SIGNATURES ARE INCLUDED ON THE INVOICE. X X X X X X X true PAVLOV ADVERTISING LLC 707 W Vickery Blvd Suite 103 Fort Worth TX 76104 MARKETING AND FUND RAISING false 33337 -33337 ZURI GROUP 328 NW Bond Street Suite 200 Bend OR 97701 FUND RAISING STRATEGY false 462614 -462614 WASHBURN AND MCGOLDRICK INC 24 N BRYN MAWR AVENUE 252 BRYN MAWR PA 19010 ADVANCEMENT CONSULTING false 28740 -28740 Reputation Dynamics 85 Adams Street 12B Brooklyn NY 11201 Professional Fund Raising Services false 66000 -66000 MARTS AND LUND 1200 Wall Street West 5th floor Lyndhurst NJ 07071 Fund Raising Services, Strategic planning false 96988 -96988 0 687679 -687679 CA CT DE FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SD TN TX UT VT VA AR WA WV WI WY LeapFrogs for KinderFrogs 441850 351650 90200 0 0 0 27603 0 32234 HFC Golf Tournament 326420 211390 115030 0 0 0 32795 0 73477 8 446816 268336 178480 0 0 0 91522 0 116509 1215086 831376 383710 0 0 0 151920 0 222220 374140 9570 true FORT WORTH CHAMBER OF COMMERCE 777 TAYLOR STREET SUITE 900 FORT WORTH TX 761024997 720275060 501(C)(6) 60000 0 N/A NONE ECONOMIC DEVELOPMENT GRANTS FORT WORTH ISD 100 N UNIVERSITY DRIVE 219 FORT WORTH TX 76107 756001613 GOV'T ENTITY 0 586268 OTHER DONATION OF LAND TO HIGH SCHOOL EDUCATIONAL SUPPORT NextEra Energy Resources LLC 700 Universe Blvd Juno Beach FL 334082657 650947582 63000 0 N/A NONE SUBCONTRACT - RESEARCH UNIVERSITY OF FLORIDA PO BOX 113001 GAINESVILLE FL 326110001 596002052 STATE OF FLORIDA 5168 0 N/A NONE SUBCONTRACT - RESEARCH 2 2 FINANCIAL AID EXPENSE 6229 131130665 0 N/A NONE GRADUATE FINANCIAL AID 1033 19344194 0 N/A NONE GRANTS IN AID 279 5048791 0 N/A NONE STIPENDS 58 5902430 0 N/A NONE TUITION EQUALIZATION GRANTS 85 3724096 0 N/A NONE Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. BY INSTITUTIONAL POLICY, TCU'S OFFICE OF SCHOLARSHIP AND FINANCIAL AID ACTS AS THE FINAL APPROVAL AUTHORITY FOR ALL FINANCIAL AID ELIGIBILITY DETERMINATION. EACH STUDENT'S AWARD PACKAGE IS REVIEWED TO ENSURE COMPLIANCE WITH APPLICABLE REGULATORY REQUIREMENTS, AND IN THE CASE OF RESTRICTED INSTITUTIONAL FUNDS, WITH THE DONOR'S INTENT AND WISHES. ACADEMIC SCHOLARSHIP ELIGIBILITY IS BASED ON A SCORING MATRIX THAT EVALUATES AN INDIVIDUAL STUDENT'S SUCCESS USING NATIONAL TEST SCORES, RANK IN CLASS, AND HIGH SCHOOL GPA. THOSE WHO HAVE EXCELLED ACADEMICALLY ARE GENERALLY GIVEN THE LARGEST SHARE OF UNIVERSITY FUNDED DOLLARS. ELIGIBILITY FOR ALL FEDERAL AND STATE FUNDED FINANCIAL AID IS BASED SOLELY ON THE RESULTS OF THE FAFSA. INSTITUTIONALLY FUNDED NEED-BASED FINANCIAL AID PROGRAMS ARE BASED ON ELIGIBILITY ESTABLISHED BY THE CSS PROFILE. THE FINANCIAL AID OFFICE ALSO WORKS CLOSELY WITH THE DONOR RELATIONS DIVISION OF UNIVERSITY ADVANCEMENT TO ENSURE THAT OUR DONORS' WISHES ARE MET WHEN MATCHING FUNDS TO STUDENTS. ALL DONORS OF ENDOWED AWARDS ARE PROVIDED WITH A "SCHOLARSHIP AGREEMENT" OUTLINING THE UNIVERSITY'S UNDERSTANDING OF THE DONOR'S INTENT. THESE AGREEMENTS MUST BE APPROVED BY BOTH THE DIRECTOR OF FINANCIAL AID, AND THE VICE-CHANCELLOR FOR ADVANCEMENT, TO ENSURE THAT THE UNIVERSITY HAS THE CAPABILITY TO IDENTIFY APPROPRIATE RECIPIENTS. IN ADDITION TO INSTITUTIONALLY FUNDED GRANTS AND SCHOLARSHIPS, TCU MANAGES AND ACCEPTS FIDUCIARY RESPONSIBILITY FOR A VARIETY OF FEDERAL AND STATE FUNDED FINANCIAL AID PROGRAMS. ELIGIBILITY FOR TITLE IV FEDERAL FINANCIAL ASSISTANCE AND STATE FUNDED NEED-BASED AID PROGRAMS IS DETERMINED USING FEDERAL METHODOLOGY AND REQUIRES THE SUBMISSION OF THE FAFSA. PRIOR TO DISBURSEMENT, EACH RECIPIENT MUST PASS A VARIETY OF EDIT CHECKS, OR "DISBURSEMENT RULES" TO ENSURE THAT THE STUDENT IS ENROLLED IN CLASSES AND HAS SUBMITTED ALL REQUIRED DOCUMENTATION NEEDED TO SATISFY PROGRAM ELIGIBILITY. AFTER DISBURSEMENT, STUDENT AID RECIPIENTS ARE REVIEWED AT THE END OF THE 100% TUITION REFUND PERIOD FOR A FINAL ENROLLMENT STATUS DETERMINATION. STUDENTS WHO RECEIVED AID BASED ON PROJECTED FULL-TIME ENROLLMENT, BUT WHO HAVE DROPPED BELOW 12 CREDIT HOURS, ARE SUBJECT TO AN ADJUSTMENT OF THEIR AID PACKAGE. AT THE END OF THE 25%, AND FINAL REFUND PERIOD, STUDENTS ARE AGAIN REVIEWED AND SUBJECT TO AID ADJUSTMENT BASED ON FINAL COSTS FOR THE TERM. AID RECIPIENTS ARE MONITORED ON A REGULAR BASIS THROUGHOUT THE ACADEMIC YEAR. FILES ARE REVIEWED WEEKLY TO IDENTIFY UPDATED FAFSA APPLICATIONS FROM THE FEDERAL PROCESSOR AND ADJUSTMENTS ARE MADE WHEN REQUIRED. REPORTS ARE SUBMITTED TO THE TEXAS HIGHER EDUCATION COORDINATING BOARD PERIODICALLY FOR REVIEW OF STATE AID RECIPIENTS, AND THE UNIVERSITY IS SUBJECT TO PERIODIC AUDITS AND REVIEWS FROM BOTH ENTITIES. ACADEMIC SUCCESS IS THE ULTIMATE GOAL OF ALL AID PROGRAMS, AND SATISFACTORY ACADEMIC PROGRESS IS REVIEWED AT THE END OF EACH TERM. AT A MINIMUM, FULL-TIME STUDENTS ARE REQUIRED TO COMPLETE AT LEAST 75% OF ATTEMPTED HOURS AND OBTAIN A 2.00 GPA TO MEET RENEWAL REQUIREMENTS. MOST TCU FUNDED AWARDS REQUIRE A MINIMUM GPA OF 2.50. ACADEMIC SCHOLARSHIPS REQUIRE A 3.25 GPA. ONCE POSTED TO STUDENT ACCOUNTS, THE OFFICE OF STUDENT FINANCIAL SERVICES ALSO MONITORS AWARD AMOUNTS IN RELATION TO SPECIFIC CHARGES. AWARD AMOUNTS THAT APPEAR TO BE OUT OF NORM ARE REFERRED BACK TO THE FINANCIAL AID OFFICE FOR REVIEW. X X X X X false true X X X X X X true true false false false false false true true true Victor J Boschini Jr Chancellor 1124673 0 200000 0 1073338 0 469050 0 246198 0 3113259 0 900000 0 Kathryn MCavins Tull VC Student Affairs 291069 0 0 0 22316 0 35850 0 10267 0 359502 0 0 0 Yohna J Chambers VC Human Resources 231527 0 0 0 50698 0 0 0 22762 0 304987 0 0 0 Raymond Nowell Donovan Provost VC Academic Affairs 611520 0 0 0 57041 0 49050 0 21894 0 739505 0 0 0 Brian G Gutierrez VC Finance & Administration 523279 0 0 0 42779 0 138787 0 79719 0 784564 0 0 0 Tracy D Syler-Jones VC Marketing & Communication 277813 0 0 0 20273 0 37050 0 10336 0 345472 0 0 0 Jean M Mrasek Board Secretary 160975 0 0 0 1701 0 18939 0 9885 0 191500 0 0 0 Donald J Whelan Jr VC University Advancement 488969 0 100000 0 39988 0 49050 0 29580 0 707587 0 0 0 Christopher Del Conte Athletic Director 909346 0 39500 0 99579 0 49050 0 28276 0 1125751 0 0 0 Jeremiah Donati Athletic Director 176896 0 0 0 8889 0 21136 0 24448 0 231369 0 0 0 James R Hille Chief Investment Officer 587465 0 111176 0 308931 0 417714 0 78249 0 1503535 0 338695 0 Bryan C Lucas Chief Technology Officer 243851 0 101086 0 1105 0 29105 0 27393 0 402540 0 0 0 Todd S Waldvogel Assoc. VC Facilities & Campus Planning 218157 0 0 0 553 0 25228 0 1877 0 245815 0 0 0 Cheryl K Wilson Assoc. VC & Controller 236780 0 0 0 1491 0 27552 0 3020 0 268843 0 0 0 Sonny J Cumbie Assistant Football Coach 783834 0 65897 0 66467 0 31050 0 28189 0 975437 0 0 0 James P Dixon Mens Basketball Coach 2990084 0 45000 0 359999 0 0 0 28318 0 3423401 0 0 0 Stuart D Flynn Dean of the Medical School 710434 0 0 0 91877 0 18000 0 30439 0 850750 0 0 0 Gary A Patterson Head Football Coach 4187909 0 130500 0 476869 0 49050 0 56448 0 4900776 0 0 0 James M Schlossnagle Head Baseball Coach 1003217 0 72043 0 101765 0 71050 0 27771 0 1275846 0 0 0 TRENT A JOHNSON FORMER MEN'S BASKETBALL COACH 0 0 0 0 2450000 0 0 0 0 0 2450000 0 0 0 Schedule J, Part II, Column (B)(iii) SCHEDULE J PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION FOR VICTOR BOSCHINI, KATHRYN CAVINS TULL, YOHNA CHAMBERS, SONNY CUMBIE, CHRISTOPHER DEL CONTE, JAMES DIXON, RAYMOND NOWELL DONOVAN, STUART FLYNN, BRIAN GUTIERREZ, JAMES HILLE, GARY PATTERSON, JAMES SCHLOSSNAGLE, TRACY SYLER JONES, AND DONALD WHELAN INCLUDES PENSION RESTORATION STIPEND PAYMENTS SPECIFIED IN THEIR CONTRACTS FOR AMOUNTS IN EXCESS OF 403(B) MAXIMUM LIMITS. OTHER REPORTABLE COMPENSATION FOR TRENT JOHNSON INCLUDES $2,450,000 FOR CONTRACT PAYOUT. OTHER REPORTABLE COMPENSATION FOR JEAN MRASEK INCLUDES A CELL PHONE STIPEND. Schedule J, Part I, Line 1a First-class or charter travel CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR VICTOR BOSCHINI, VICE CHANCELLORS, ATHLETIC DIRECTOR, AND COACHES FOR PURPOSES OF TRAVEL TO CERTAIN ATHLETIC EVENTS AS APPROVED. CHARTER TRAVEL WAS PROVIDED TO CHANCELLOR BOSCHINI AND VICE CHANCELLORS FOR DONOR VISITS, VISITS TO OTHER UNIVERSITIES, AND FUNERAL SERVICES FOR UNIVERSITY CONSTITUENTS, AS APPROVED. SOCIAL CLUB DUES AND INITIATION FEES WERE PROVIDED IN ACCORDANCE WITH EMPLOYMENT CONTRACTS OR APPROVAL BY THE CHANCELLOR IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 1a Travel for companions TRAVEL FOR COMPANIONS WAS PROVIDED TO VICTOR BOSCHINI, CHRISTOPHER DEL CONTE, JAMES DIXON, JAMES SCHLOSSNAGLE, SONNY CUMBIE, AND GARY PATTERSON, AND WAS TAXED AS A PERSONAL FRINGE BENEFIT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use TCU PROVIDES THE CHANCELLOR WITH A HOUSE AND REQUIRES HIM TO USE IT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THEREFORE, NO COMPENSATION HAS BEEN INCLUDED FOR SUCH USE. AN INDEPENDENT THIRD PARTY WAS ENGAGED TO VALUE THE HOUSING BENEFIT OF THE RESIDENCE; THE ESTIMATED THE VALUE OF THE BENEFIT IS $178,392 Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES WERE PROVIDED FOR VICTOR BOSCHINI, CHRISTOPHER DEL CONTE, JAMES HILLE, JAMES SCHLOSSNAGLE, AND DONALD WHELAN. THE PERSONAL VALUE OF THE CLUB DUES WAS TAXED AS A PERSONAL FRINGE BENEFIT. SOCIAL CLUB DUES FOR BUSINESS PURPOSES WERE PROVIDED FOR RAYMOND NOWELL DONOVAN, GARY PATTERSON, SONNY CUMBIE, STUART FLYNN, JEREMIAH DONATI, KATHRYN CAVINS TULL, AND JAMES DIXON. Schedule J, Part I, Line 1a Personal services THE CHANCELLOR RECEIVES LIMITED PERSONAL HOUSEKEEPING SERVICES AND WAS TAXED AS A PERSONAL FRINGE BENEFIT FOR THE VALUE OF THE PERSONAL SERVICES. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses CHARTER TRAVEL AND SOCIAL CLUB DUES ARE APPROVED IN ACCORDANCE WITH THE PERSON'S POSITION. THE VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION AND THE ASSOCIATE VICE CHANCELLOR AND CONTROLLER REVIEW THE CHANCELLOR'S EXPENSES. OTHER BENEFITS LISTED IN LINE 1A WERE PROVIDED FOLLOWING WRITTEN POLICIES AND EMPLOYMENT CONTRACTS. Schedule J, Part I, Line 4a Severance or change-of-control payment TRENT JOHNSON RECEIVED $2,450,000 CONTRACT PAYOUT IN 2017 AND $625,000 WILL BE PAID IN 2018. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan $420,000 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2017 AS PART OF THE ARRANGEMENT FOR THE FISCAL YEAR ENDING 5/31/2018 FOR VICTOR BOSCHINI. $360,000 OF THE ACCRUED AMOUNT WILL BE VESTED AS OF 05/31/18 AND $60,000 WILL BE VESTED AS OF 5/31/2021 IF STILL EMPLOYED AS CHANCELLOR. $943,507 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO VICTOR BOSCHINI DURING 2017. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2017. THE ACCRUAL OF $900,000 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. $107,738 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2017 FOR BRIAN GUTIERREZ. THE ACCRUED AMOUNT WILL BE VESTED AS OF 1/1/2023 IF STILL EMPLOYED AS VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION. BASED UPON THE CALENDAR YEAR 2017 PERFORMANCE PERIOD, JAMES HILLE EARNED $368,664 INCENTIVE COMPENSATION THAT WAS NOT PAID DURING 2017. THE $368,664 DEFERRED INCENTIVE COMPENSATION WILL BE PAID IN CALENDAR YEARS 2018, 2019, AND 2020. THE ACCRUED AMOUNT WILL BE VESTED IN FUTURE CALENDAR YEARS IF EMPLOYED AS CHIEF INVESTMENT OFFICER. HE RECEIVED $111,176 PAYMENT OF PREVIOUSLY EARNED INCENTIVE COMPENSATION DURING CALENDAR YEAR 2017. THE PAYMENT IS INCLUDED IN BONUS & INCENTIVE COMPENSATION IN 2017. THE ACCRUAL OF THIS DEFERRED COMPENSATION WAS REPORTED IN FORM 990 IN PRIOR YEARS. HE ALSO RECEIVED $259,934 PAYMENT OF PREVIOUSLY EARNED DEFERRED COMPENSATION DURING CALENDAR YEAR 2017. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2017. THE ACCRUAL OF $227,520 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. CHRISTOPHER DEL CONTE PARTICIPATED IN A DEFERRED COMPENSATION PLAN DURING 2017 BUT DUE TO RESIGNATION FROM THE UNIVERSITY IN 2017, NO AMOUNTS WERE ACCRUED OR VESTED FOR 2017. $40,000 IN DEFERRED COMPENSATION WAS ACCRUED BUT NOT PAID DURING 2017 FOR JAMES SCHLOSSNAGLE. THE ACCRUED AMOUNT WILL BE VESTED AS OF 5/31/2018 IF STILL EMPLOYED AS HEAD BASEBALL COACH Schedule J, Part I, Line 7 Non-fixed payments NON-FIXED PAYMENTS WERE MADE, AS FOLLOWS: VICTOR BOSCHINI RECEIVED A $200,000 PERFORMANCE BONUS. SONNY CUMBIE RECEIVED A $65,897 BONUS FOR BOWL GAME PARTICIPATION. CHRISTOPHER DEL CONTE RECEIVED A $39,500 BONUS FOR MEETING PERFORMANCE BASED CONTRACT STIPULATIONS. JAMES DIXON RECEIVED A $45,000 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. BRYAN LUCAS RECEIVED A $101,086 PERFORMANCE BONUS. GARY PATTERSON RECEIVED A $130,500 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. JAMES SCHLOSSNAGLE RECEIVED A $72,043 BONUS FOR PERFORMANCE BASED CONTRACT STIPULATIONS. DONALD WHELAN RECEIVED A $100,000 PERFORMANCE BONUS. A RED RIVER EDUCATION FINANCE CORPORATION S2006 752791247 756872DU8 2006-02-15 80000000 TO FINANCE CAMPUS CONSTRUCTION false false false B RED RIVER EDUCATION FINANCE CORPORATION S2011 752791247 756872GL5 2011-10-27 41577392 TO FINANCE CAMPUS HOUSING CONSTRUCTION false false false C RED RIVER EDUCATION FINANCE CORPORATION S2013 752791247 756872JC2 2013-09-19 103111809 TO FINANCE CAMPUS CONSTRUCTION false false false D RED RIVER EDUCATION FINANCE CORPORATION S2015 752791247 000000000 2015-02-11 17785000 TO REFUND SERIES 2005 BONDS false false false A 0 0 83903941 0 3227336 0 348933 0 0 80327672 0 0 2008 false false true true B 1941159 0 41577392 0 0 0 1566240 0 0 40011152 0 0 2013 false false true true C 501054 0 103121019 0 0 0 901243 0 0 102219776 0 0 2016 false false true true D 10540000 0 17785000 0 0 0 126500 0 0 0 17658500 0 true false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false true true true true Merrill Lynch Capital Services 30.0 false false true Bayerische Landesbank 1.6 true false true B false false false true false false false false true C false true false false false false false true D false true false false false false false true A true B true C true D true Schedule K, Part II, Line 3 PROCEEDS OF ISSUE - SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUES DIFFERS FROM ISSUE PRICE AS A RESULT OF UNSPENT BOND PROCEEDS GENERATING INVESTMENT INCOME. INVESTMENT INCOME WAS ADDED TO THE ISSUE PRICE TO ARRIVE AT TOTAL PROCEEDS. Schedule K, Part III PRIVATE BUSINESS USE - SCHEDULE K, PART III: TCU HAS ELECTED TO USE PRIVATE FUNDING OR ITS OWN FUNDING FOR ANY PORTION OF THE FACILITIES WHERE PRIVATE BUSINESS USE MAY OCCUR, LEAVING THE BOND PROCEEDS TO BE USED EXCLUSIVELY FOR THE CONSTRUCTION OF THE REMAINING NON-PRIVATE-USE AREAS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2006 The calculation for computing no rebate due was performed on 02/27/2008 Schedule K, Part IV, Line 2c COLUMN B Issuer name: RED RIVER EDUCATION FINANCE CORPORATION S2011 The calculation for computing no rebate due was performed on 10/27/2016 A RED RIVER EDUCATION FINANCE CORPORATION S2016A 752791247 756872KS5 2016-01-28 37602546 TO REFUND SERIES 2007 BONDS false false false B RED RIVER EDUCATION FINANCE CORPORATION S2016 752791247 000000000 2016-01-29 35250000 TO REFUND SERIES 2006A BONDS false false false C RED RIVER EDUCATION FINANCE CORPORATION S2010A AND S2013A 752791247 000000000 2016-07-14 98500000 To Refund Series 2010A and Series 2013A Bonds false false false D RED RIVER EDUCATION FINANCE CORPORATION S2017 752791247 000000000 2017-12-20 31628000 TO REFUND S2010 BONDS false false false A 2097957 0 37602546 0 0 0 455737 0 0 0 37146809 0 false true true true B 655000 0 35250000 0 0 0 274973 0 0 0 34975027 0 true false true true C 15500000 0 98500000 0 0 0 0 0 0 0 98500000 0 true false true true D 337000 0 31628000 0 0 31456763 171237 0 0 0 0 0 false true true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false false false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false true false false false false false true B false true false false false false false true C false true false true false false false true D false true false false false false false true A true B true C true D true NONE NONE 108390 FINANCIAL AID MERIT SCHOLARSHIPS BUSINESS JET ACCESS TRUSTEE AS OWNER 536571 CHARTER AIR TRAVEL false ROGER WILLIAMS AUTOMALL TRUSTEE AS OWNER 179995 VEHICLE PURCHASES & REPAIRS false PROFESSIONAL TURF PRODUCTS TRUSTEE AS OWNER 166775 LANDSCAPING EQUIPMENT false Zach Gutierrez SON OF OFFICER 12489 COMPENSATION false X 1 0 Market value X 3 Other X 145 6304474 Market value X 1 1269059 Market value X 1 85000 Market value X 1 466430 Market value X HORSES 7 1294500 Market value X Piano 1 29500 Market value X Misc. Mineral Interests 2 2 Other 5 false true false Schedule M, Part I, Line 33 Explanation of Revenues not Reported DURING THE UNIVERSITY'S FISCAL YEAR, MULTIPLE CHARITABLE AUCTIONS WERE HELD BY DIFFERENT DEPARTMENTS OF THE UNIVERSITY. WHERE APPROPRIATE, THE REVENUES AND EXPENSES FOR THESE EVENTS HAVE BEEN REPORTED ON SCHEDULE G. NONCASH ITEMS WERE DONATED BY PATRONS OF THE UNIVERSITY AND THESE ITEMS WERE THEN SOLD DURING THE AUCTIONS; HOWEVER, THE VALUE OF THE DONATED ITEMS RECEIVED IS NOT REFLECTED ON TCU'S FINANCIAL STATEMENTS. TCU ALSO RECEIVED OTHER MISCELLANEOUS NONCASH ITEMS DURING THE YEAR OF NOMINAL AMOUNTs THAT HAVE NOT BEEN REPORTED ON THE FINANCIAL STATEMENTS OR ON THIS RETURN. Schedule M, Part I Line 1, column (B), Number of Contributions In Part I, column B, TCU is reporting the receipt of these noncash contributions based on the number of contributions, which at times also equals the number of items received. Form 990, Part III, Line 4a "INSTRUCTION AND FINANCIAL AID:" "INSTRUCTION AND FINANCIAL AID:" TCU PROVIDES INSTRUCTION FOR APPROXIMATELY 10,489 STUDENTS. TCU IS A DIVERSE LEARNING COMMUNITY OFFERING OVER 119 UNDERGRADUATE MAJORS AND GRADUATE EDUCATION IN MORE THAN 80 PROGRAMS, RANGING FROM THEORETICAL TO APPLIED, WITH ACADEMIC AND PROFESSIONAL PROGRAMS OFFERED ACROSS MORE THAN 40 DISCIPLINES/DEPARTMENTS. EIGHTY-FIVE PERCENT OF OUR PROFESSORS HOLD THE HIGHEST DEGREES IN THEIR FIELDS AND EQUALLY IMPORTANT, THEY CARE ABOUT UNDERGRADUATE EDUCATION. TCU ROLLS ACROSS SOME 283 PICTURESQUE TREE-LINED ACRES. STUDENTS BENEFIT FROM THE STRENGTHS AND RESOURCES OF LARGER INSTITUTIONS BUT IN A SMALL COLLEGE ENVIRONMENT. THEY CAN CHOOSE FROM MANY UNDERGRADUATE AREAS OF STUDY, PARTICIPATE IN INNOVATIVE PROGRAMS SUCH AS ENTREPRENEURSHIP AND NURSE ANESTHESIA, AND TAKE PART IN SERVICE LEARNING. THEIR PROFESSORS ARE LEADERS IN THEIR FIELDS, AND ACADEMICS ARE RIGOROUS. A GLOBAL PERSPECTIVE PERMEATES TCU, AND STUDENTS HAVE NUMEROUS OPPORTUNITIES TO STUDY ABROAD. WITH A 13:1 STUDENT/FACULTY RATIO, TCU DEMONSTRATES COMMITMENT TO HIGHLY PERSONALIZED EDUCATION AND A TEACHER-SCHOLAR MODEL THAT RESULTS IN CLOSE, MENTORING RELATIONSHIPS. TCU FOSTERS DISCOVERY, CREATIVITY, AND LEADERSHIP. IT'S A CULTURE THAT ENABLES THE SEARCH FOR MEANING AND SUCCESS. TCU IS COMMITTED TO CREATING A CAMPUS ENVIRONMENT THAT SUPPORTS AND PROMOTES SUPERIOR RESEARCH, PREMIER CREATIVE ACTIVITIES, AND INNOVATIVE SCHOLARLY PURSUITS. THE MISSION OF THE ADDRAN COLLEGE OF LIBERAL ARTS IS TO ADVANCE LIFE-LONG LEARNING AND DISCOVERY IN THE HUMANITIES, MODERN LANGUAGES, AND SOCIAL SCIENCES TO ENHANCE OUR ENVIRONMENT, IMPROVE THE HUMAN CONDITION, AND DEVELOP ETHICAL LEADERS. PROFESSIONAL AND PRE-PROFESSIONAL CURRICULA ARE DELIVERED THROUGH 11 ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY INITIATIVES INCLUDING THE CENTER FOR URBAN STUDIES, THE CENTER FOR DIGITAL EXPRESSION, AND THE CENTER FOR TEXAS STUDIES.. THE NEELEY SCHOOL OF BUSINESS HAS BEEN NATIONALLY RANKED IN SEVERAL OUTLETS, INCLUDING 26th by Poets & Quants in their RECENT RANKINGs OF BEST UNDERGRADUATE BUSINESS PROGRAMS. The MBA program has been ranked 45th in the world by The Economist, and 1st for MBA Faculty Quality. The supply chain program was ranked 14th in North America for the undergraduate program and 16h in North America for Graduate supply chain by Gartner. The EMBA program was ranked 18th in the world, 8th in the US and 1st in Texas by the Economist. TCU'S ACCOUNTING GRADUATES REGULARLY HAVE THE #1 CPA EXAM PASS RATE IN TEXAS. The accounting program was ranked 19th in the US by the Public Accounting Report for BBA programs with 17-23 faculty and 23rd for Master of Accounting. THE COLLEGE OF EDUCATION PREPARES EDUCATORS AND LEADERS FOR DIVERSE, GLOBAL EDUCATIONAL SETTINGS THROUGH MEANINGFUL SCHOLARSHIP, PEDAGOGY AND PRACTICE. THE TEACHER PREPARATION PROGRAM HAS BEEN RECOGNIZED FOR EXEMPLARY, CULTURALLY RESPONSIVE TEACHER PREPARATION. STUDENTS IN THE PROGRAM CHOOSE FROM EARLY CHILDHOOD EDUCATION, MIDDLE SCHOOL EDUCATION, SECONDARY EDUCATION AND YOUTH ADVOCACY, WITH A VARIETY OF CONCENTRATIONS AND CERTIFICATION AREAS. IT BOASTS A NEAR 100 PERCENT TEACHER PLACEMENT RATE AND NEAR 100 PERCENT PASS RATE ON STATE CERTIFICATION EXAMS. ADVANCED DEGREES ARE OFFERED IN CURRICULUM AND INSTRUCTION, COUNSELING, SPECIAL EDUCATION, EDUCATIONAL LEADERSHIP AND SCIENCE EDUCATION. THE GRADUATE PROGRAM IS RANKED AMONG THE TOP GRAUATE PROGRAMS IN THE COUNTRY. TCU IS THE ONLY UNIVERSITY IN THE NATION WITH TWO ON-CAMPUS SPECIAL EDUCATION LABORATORY SCHOOLS, STARPOINT AND KINDERFROGS SCHOOL. The John V. Roach Honors College is a living-learning community of approximately 1200 students of excellence who seek to embody the University's core mission: to educate individuals to "think and act as ethical leaders and responsible citizens in the global community." By honoring the complexities of knowledge in all realms of learning, including the quest to discover one's own mind and voice, the Honors College prepares students for the world. Honors students enjoy small classes that promote high levels of inquiry, engagement, and feedback along with unparalleled opportunities for faculty-mentored research - projects that frequently become platforms for post-undergraduate work. An Honors-enriched TCU education is truly transformative: enriching students' knowledge within and beyond their majors, strengthening their commitments to intellectual honesty, courage, and dialogue, and empowering them to be agents of respectful deliberation and positive change. Students in the Harris College of Nursing & Health Sciences study varied health disciplines, including nursing, communication sciences and disorders, kinesiology, social work and nurse anesthesia. All are "helping professions" dedicated to improving people's lives and transforming global health care. Harris graduates consistently score higher than the national average on their licensing and certification exams. Each academic unit has external accreditation requirements and consistently performs well in these external measures. Faculty members are involved in significant research areas such as pharmacogenetics, obesity prevention, voice disorders, homelessness and patient safety. U.S. News & World Report also ranked TCU # 62 in the 2019 Best Online Graduate Nursing Programs. THE COLLEGE OF SCIENCE & ENGINEERING OFFERS MAJORS IN BIOCHEMISTRY, BIOLOGY, CHEMISTRY, CHILD DEVELOPMENT, COMPUTER SCIENCE, GEOLOGY, ENGINEERING, ENVIRONMENTAL SCIENCES, MATHEMATICS, NEUROSCIENCE, NUTRITIONAL SCIENCES, AND PSYCHOLOGY. IT IS A LEADER IN THE FIELDS OF ENERGY AND SUSTAINABILITY WITH TCU'S ENERGY INSTITUTE AND THE INSTITUTE OF ENVIRONMENTAL STUDIES LEADING AN INTERDISCIPLINARY EFFORT. THE PREHEALTH PROFESSIONS INSTITUTE HAS BEEN LONG KNOWN FOR AN ACCEPTANCE RATE AT PROFESSIONAL SCHOOLS OF ABOUT TWICE THE NATIONAL AVERAGE. THE COLLEGE'S KAREN PURVIS INSTITUTE OF CHILD DEVELOPMENT HAS MADE AN IMPORTANT IMPACT IN THE LIVES OF AT-RISK CHILDREN THROUGH RESEARCH, INTERVENTION, AND THERAPY. RESEARCH OPPORTUNITIES ABOUND FOR UNDERGRADUATES THROUGHOUT THE COLLEGE. TCU's College of Fine Arts has an established reputation for offering the highest quality arts education within a liberal arts environment, drawing on our distinguished faculty's expertise and commitment to students' professional development. Our programs foster collaborations with the leading arts and culture organizations in the DFW Metroplex, including the Amon Carter Museum, the Cliburn, the Fort Worth Symphony Orchestra, the Fort Worth Opera, the Kimbell Art Museum, the Modern Art Museum of Fort Worth, and Texas Ballet Theater. The College hosts numerous public programs, including its distinguished PianoTexas International Academy & Festival, the biennial Latin American Music Festival, the Festival of American Song, and annually presents numerous world premieres of original compositions. THE BOB SCHIEFFER COLLEGE OF COMMUNICATION OFFERS PROGRAMS IN COMMUNICATION STUDIES, FILM-TELEVISION-DIGITAL MEDIA, JOURNALISM AND STRATEGIC COMMUNICATION. THE COLLEGE'S AWARD-WINNING STUDENT ACTIVITIES INCLUDE: ADVERTISING AND PUBLIC RELATIONS CAMPAIGN TEAMS, KTCU CAMPUS RADIO STATION, NEWS GROUPS AND PUBLICATIONS, SPEECH AND DEBATE TEAM, AND TWO STRATEGIC COMMUNICATION AGENCIES THAT SERVE EXTERNAL (ROXO) AND INTERNAL (SCHIEFFER ASSOCIATES) CLIENTS. TCU ALSO OFFERS A RANCH MANAGEMENT PROGRAM IN ADDITION TO A BROAD ARRAY OF EXTENDED EDUCATION OPPORTUNITIES. TCU PROVIDES INTERNAL GRANT RESOURCES WHICH ARE AVAILABLE TO THE COLLEGES AND SCHOOLS FOR THE PURPOSE OF SPONSORING NEW AND INNOVATIVE IDEAS FOR INSTRUCTION. THESE RESOURCES ARE AWARDED ON THE BASIS OF MERIT THROUGH A COMPETITIVE PROPOSAL REVIEW PROCESS. TCU IS COMMITTED TO FOSTERING INNOVATION THROUGH THIS APPROACH AS A MEANS TO SUPPORT CONTINUOUS IMPROVEMENT IN ACADEMIC PROGRAMMING. TCU IS COMMITTED TO ENROLLING TALENTED, MOTIVATED STUDENTS FROM DIVERSE BACKGROUNDS. TO THAT END, TCU OFFERS A FULL RANGE OF SCHOLARSHIPS, FINANCIAL AID, AND FINANCING OPTIONS TO FAMILIES OF ALL INCOME LEVELS. APPROXIMATELY 80 PERCENT OF TCU STUDENTS RECEIVE SOME TYPE OF ASSISTANCE FROM THE OFFICE OF SCHOLARSHIPS AND FINANCIAL AID. Form 990, Part III, Line 4b "AUXILIARY ACTIVITIES:" TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. AUXILIARY ACTIVITIES AT TEXAS CHRISTIAN UNIVERSITY CONSIST PRIMARILY OF RESIDENCE HALLS, DINING SERVICES, INTERCOLLEGIATE ATHLETICS, THE UNIVERSITY BOOKSTORE, THE LABORATORY SCHOOL FOR LEARNING DISABLED STUDENTS, EARLY CHILDHOOD EDUCATION PROGRAMS, AND MUSIC PREPARATORY PROGRAMS. TEXAS CHRISTIAN UNIVERSITY IS PRIMARILY A RESIDENTIAL CAMPUS, WITH ALMOST ONE HALF OF THE UNDERGRADUATE POPULATION LIVING ON CAMPUS. Form 990, Part III, Line 4c "STUDENT SERVICES:" TEXAS CHRISTIAN UNIVERSITY OFFERS STUDENT SERVICES IN WHICH THE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO HIS OR HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES CONSISTS PRIMARILY OF THE HEALTH AND COUNSELING CENTER, OFFICE OF ADMISSIONS, REGISTRAR, STUDENT DEVELOPMENT SERVICES, CAREER CENTER, CAMPUS LIFE, CAMPUS RECREATION, CAMPUS MINISTRY, STUDENT GOVERNMENT, STUDENT ACTIVITIES, COMMUNITY INVOLVEMENT, INTERCULTURAL AND OUTREACH SERVICES, I.D. CARD OFFICE, AND ORIENTATION. Form 990, Part III, Line 4d FORM 990, PART III, LINE 4D: ALL OTHER PROGRAM SERVICES INCLUDES RESEARCH AND ACADEMIC SUPPORT. RESEARCH CONSISTS OF EXPENDITURES FOR RESEARCH AND DEVELOPMENT ACTIVITIES THAT ARE FUNDED BY GRANTS OR CONTRACTS FROM FEDERAL, STATE OR LOCAL GOVERNMENTS, FOUNDATIONS OR OTHER OUTSIDE PARTIES. ACADEMIC SUPPORT CONSISTS OF THE OPERATION OF THE UNIVERSITY'S CENTRAL LIBRARY SYSTEM, WRITING CENTER, INSTRUCTIONAL AND ACADEMIC SERVICES, ACADEMIC AFFAIRS, AND THE OPERATION OF TECHNOLOGY RESOURCES FOR THE CAMPUS COMMUNITY. THE CENTRAL LIBRARY SYSTEM OFFERS STUDENTS AND FACULTY ACCESS TO OVER 2 MILLION BOOKS AND AUDIO-VISUAL MATERIALS, AND A NUMBER OF COLLECTIONS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 49,381,776 including grants of $)(Revenue $ 6,377,900) SEE SCHEDULE O Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY TCU'S WHISTLEBLOWER POLICY IS INCLUDED IN ITS WRITTEN CODE OF CONDUCT POLICY. THAT POLICY ADDRESSES HOW TO REPORT SUSPECTED VIOLATIONS OR CONCERNS, INCLUDING IDENTIFICATION OF STAFF MEMBERS AND OUTSIDE PARTIES TO WHOM SUCH INFORMATION CAN BE REPORTED, AS WELL AS DISCIPLINARY ACTION FOR ACTS OF RETALIATION. THE CODE OF CONDUCT POLICY HAS BEEN ADOPTED BY THE GOVERNING BOARD OF THE UNIVERSITY AS THE UNIVERSITY'S WHISTLEBLOWER POLICY. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons BRENDA CLINE & LUTHER KING - Business relationship, BRENDA CLINE & MARY RALPH LOWE - Business relationship, BRENDA CLINE & KIMBELL FORTSON WYNNE - Business relationship, KATHRYN FARMER & MATTHEW ROSE - Business relationship, MARK JOHNSON, BRYAN KING, AND LUTHER KING - Business relationship, KADE MATTHEWS AND KIMBELL FORTSON WYNNE - Business relationship, CHARLOTTE FRENCH & CLARENCE SCHARBAUER III - Family relationship, BRYAN KING & LUTHER KING - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED INTERNALLY BY TCU'S FINANCIAL MANAGEMENT, INCLUDING THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, BEFORE BEING PRESENTED TO THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE FOR REVIEW. TCU MANAGEMENT PROVIDES SPECIFIC DISCLOSURES RELATING TO INDIVIDUAL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES TO THE AFFECTED INDIVIDUALS FOR THEIR REVIEW. THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE AND CHANCELLOR REVIEW FORM 990 BEFORE IT IS DISTRIBUTED TO ALL OTHER TRUSTEES. AFTER REVIEW AT ITS SPRING MEETING, THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AUTHORIZES THE ONLINE DISTRIBUTION OF FORM 990 TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. THE FORM 990 REVIEW PROCESS BY THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AND DISTRIBUTION TO ALL TRUSTEES HAS BEEN FORMALLY INCORPORATED INTO TCU'S AUDIT, RISK, AND COMPLIANCE COMMITTEE CHARTER. Form 990, Part VI, Line 12c Conflict of interest policy TCU HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR ALL EMPLOYEES AS WELL AS FOR TRUSTEES. OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, ALONG WITH A LIST OF THE NAMES OF OTHER OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THEY ALSO RECEIVE A CONFLICT OF INTEREST STATEMENT THAT MUST BE COMPLETED AND SIGNED, AND RETURNED TO THE CHANCELLOR. THE STATEMENT REQUIRES EACH INDIVIDUAL TO DISCLOSE WHETHER THEY HAVE ANY CONFLICTS OF INTEREST AND TO DESCRIBE THE NATURE OF ANY SUCH CONFLICTS. THE STATEMENT ALSO REQUIRES THE INDIVIDUAL TO DISCLOSE FAMILY RELATIONSHIPS AND BUSINESS RELATIONSHIPS WITH TCU AS WELL AS WITH OTHER OFFICERS, TRUSTEES, OR KEY EMPLOYEES. THE CHANCELLOR'S OFFICE FOLLOWS UP TO ENSURE THAT A SIGNED CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH AFFECTED INDIVIDUAL. THE CHANCELLOR AND THE CHAIR OF THE BOARD OF TRUSTEES REVIEW EACH STATEMENT. ANY POTENTIAL CONFLICTS ARE ALSO REVIEWED WITH TCU'S LEGAL COUNSEL AND FOLLOW UP UNDERTAKEN AS NEEDED TO ADDRESS ANY IDENTIFIED CONCERNS. THE STATEMENTS ARE ALSO PROVIDED TO THE FINANCE DEPARTMENT FOR REVIEW AND FOR FORM 990 DISCLOSURE PURPOSES. WITH RESPECT TO SPECIFIC TRANSACTIONS INVOLVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST, THE POLICY REQUIRES DISCLOSURE TO BE MADE AT THE EARLIEST POSSIBLE TIME AND ANNUALLY AFTER THAT. IN ACCORDANCE WITH THE POLICY, TRUSTEES OR OFFICERS CANNOT VOTE ON, NOR PARTICIPATE IN DISCUSSING, ANY MATTER IN WHICH THEY HAVE A CONFLICT OF INTEREST, EXCEPT TO PROVIDE INFORMATION. THE CONFLICT OF INTEREST POLICY FOR TCU EMPLOYEES IS AVAILABLE ON TCU'S HUMAN RESOURCES WEBSITE, IN ADDITION TO THE RELATED CONFLICT OF INTEREST DISCLOSURE FORM. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EMPLOYEES MUST DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE AFTER THEY REALIZE THAT A CONFLICT OR POTENTIAL CONFLICT MAY HAVE ARISEN. THE DISCLOSURE MUST DETAIL THE POTENTIAL OR REAL CONFLICT OF INTEREST AND EXPLAIN HOW THE CONFLICT WILL BE MANAGED, REDUCED, OR ELIMINATED. CONFLICT OF INTEREST DISCLOSURE FORMS FOR EMPLOYEES ARE SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER AND ARE REVIEWED BY TCU'S FINANCIAL MANAGEMENT. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS REPORTED AND ALLOWED TO EXIST UNDER THE REVIEW OF THE FINANCE OFFICE, IT IS REQUIRED THAT THE CONFLICT OR POTENTIAL CONFLICT BE RECONSIDERED ANNUALLY UNTIL IT IS RESOLVED. Form 990, Part VI, Line 15a Process to establish compensation of top management official TCU HAS ESTABLISHED THE FOLLOWING PROCEDURE FOR DETERMINING EXECUTIVE COMPENSATION FOR THE CHANCELLOR AND TO ASSURE THAT THE COMPENSATION MEETS THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS DATA FROM ONE NATIONAL SALARY SURVEY AND PROVIDES ANNUAL SALARY SURVEY COMPENSATION AND BENEFITS DATA TO THE EXECUTIVE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE FOR USE IN DETERMINING THE CHANCELLOR'S SALARY. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHAIR OF THE BOARD APPOINTS A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY TO EVALUATE PERFORMANCE AND TO ASSURE THAT COMPENSATION FOR THE CHANCELLOR IS REASONABLE AND THAT ADEQUATE DOCUMENTATION IS MAINTAINED FOR SUPPORTING THE REASONABLENESS OF COMPENSATION PAID. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE SUBCOMMITTEE. THE SUBCOMMITTEE'S CHARGE INCLUDES REVIEWING THE CHANCELLOR'S SELF-EVALUATION, REVIEWING ANY OTHER MATERIALS SUBMITTED BY THE CHANCELLOR AS PART OF THE EVALUATION, AND REVIEWING THE COMPENSATION PARAMETERS CURRENTLY APPLIED TO THE CHANCELLOR. THE SUBCOMMITTEE MEETS WITH THE CHANCELLOR TO DISCUSS PERFORMANCE AND THE CHAIR OF THE SUBCOMMITTEE/BOARD SUBSEQUENTLY ADVISES THE SECRETARY OF THE BOARD OF THE SUBCOMMITTEE'S COMPENSATON AND BENEFITS RECOMMENDATION FOR THE CHANCELLOR FOR THE COMING ACADEMIC YEAR. THE RECOMMENDATION OF COMPENSATION INCLUDES CONSIDERATION OF PERFORMANCE AS WELL AS CURRENT MARKET COMPENSATION DATA TO ENSURE THE REASONABLENESS OF THE RECOMMENDED COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE TO ASSIST IN EVALUATING AND ESTABLISHING THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2018. THE INDEPENDENT COMPENSATION CONSULTING FIRM REVIEWED FORM 990 DATA FOR COMPENSATION AND BENEFITS PROVIDED TO THE CHANCELLOR ROLE AT A PEER GROUP OF COMPARABLE PRIVATE UNIVERSITIES, AND ALSO REVIEWED THE SALARY SURVEY DATA PROVIDED BY TCU. THE INDEPENDENT COMPENSATION CONSULTING FIRM PREPARED A REASONABLENESS OPINION LETTER BASED UPON ITS REVIEW OF THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2018 AND THE REVIEW OF COMPARABLE MARKET DATA. THE LETTER SERVES TO DOCUMENT THE FIRM'S EVALUATION OF THE APPROVED COMPENSATION AND OUTLINE THE METHODOLOGY, FINDINGS AND THE BASIS FOR ITS OPINION OF ITS REASONABLENESS. IN ADDITION, AN INDEPENDENT LAW FIRM WAS USED BY THE SUBCOMMITTEE TO PREPARE AN EXCESS BENEFIT TRANSACTION LETTER, IN WHICH THE LAW FIRM OPINED THAT THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2018 DID NOT RESULT IN AN EXCESS BENEFIT TRANSACTION. THE CHAIR OF THE BOARD PRESENTS THE SUBCOMMITTEE'S FINAL EVALUATION OF THE CHANCELLOR'S PERFORMANCE AND COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD IN AN EXECUTIVE SESSION AT THE NEXT SCHEDULED MEETING. THE CHAIR OF THE BOARD ADVISES THE FULL BOARD AT THE NEXT SCHEDULED MEETING THAT THE EVALUATION PROCESS WAS CONDUCTED AND COMPLETED AS SET FORTH IN THE EXECUTIVE COMMITTEE CHARTER. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHANCELLOR'S COMPENSATION IN 2018. Form 990, Part VI, Line 15b Process to establish compensation of other employees TCU HAS ESTABLISHED THE FOLLOWING PROCEDURES FOR DETERMINING EXECUTIVE COMPENSATION FOR OTHER OFFICERS AND EXECUTIVE LEVEL EMPLOYEES. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHANCELLOR IS RESPONSIBLE FOR PERFORMING ANNUAL EVALUATIONS AND SETTING SALARIES AND OTHER COMPENSATION COMPONENTS FOR SENIOR ADMINISTRATIVE OFFICERS, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATIONS AND COMPENSATION DETERMINATIONS TO THE EXECUTIVE COMMITTEE DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE CHANCELLOR'S RESPONSIBILITIES, TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF SALARY SURVEY DATA FOR SALARY COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL POSITIONS. EACH SPRING WHEN THE NEW SURVEY DATA IS RELEASED, TCU'S HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING SALARY INFORMATION FOR THE FOLLOWING POSITIONS: CHANCELLOR, VICE CHANCELLORS, DEANS, AND UNIT HEADS WHOSE JOBS CAN BE MATCHED TO SURVEY DATA. EACH YEAR THE SUPERVISING ADMINISTRATOR MEETS WITH SUBORDINATES AND EVALUATES THEIR PERFORMANCE. THIS EVALUATION BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF THE MERIT INCREASE TO BE AWARDED USING THE SALARY SURVEY SUMMARY OF DATA AS A GUIDELINE FOR MAKING THIS DECISION. THIS PROCESS WAS LAST UNDERTAKEN FOR OFFICERS AND OTHER SENIOR EMPLOYEES IN 2018. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE AND THE CHANCELLOR TO ASSIST IN EVALUATING AND ESTABLISHING THE COMPENSATION FOR DISQUALIFIED PERSONS FOR FISCAL YEAR 2018. THE INDEPENDENT COMPENSATION CONSULTING FIRM PERFORMED AN EXECUTIVE TOTAL REMUNERATION EVALUATION THAT CONFIRMED THE APPROPRIATE PEER GROUP FOR BENCHMARKING PURPOSES; GATHERED COMPENSATION AND BENEFITS DATA FOR EACH OF THE PEERS FROM FORM 990 FILINGS, ADJUSTING DATA AS NEEDED, AND MATCHING EACH EXECUTIVE TO THE APPROPRIATE ROLE; GATHERED ADDITIONAL DATA FROM SALARY SURVEYS PROVIDED BY TCU; DETERMINED THE MARKET POSITIONING OF EACH EXECUTIVE'S TOTAL REMUNERATION (COMPENSATION PLUS BENEFITS) RELATIVE TO THE COMPARATOR GROUPS; PREPARED A REPORT SUMMARIZING FINDINGS AND DISCUSSED FINDINGS WITH TCU; AND PREPARED A REASONABLENESS OPINION LETTER DOCUMENTING TCU'S FINAL PAY DECISIONS REGARDING THE EXECUTIVES. THIS PROCESS WAS LAST UNDERTAKEN FOR DISQUALIFIED PERSONS IN 2018. THE VICE CHANCELLOR OF FINANCE IS RESPONSIBLE FOR PERFORMING THE ANNUAL EVALUATION AND SETTING THE COMPENSATION FOR THE CHIEF INVESTMENT OFFICER, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE VICE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATION AND COMPENSATION DETERMINATION TO THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE VICE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE VICE CHANCELLOR'S RESPONSIBILITIES, THE HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF COMPENSATION DATA FOR COMPENSATION COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL INVESTMENT STAFF. THE HUMAN RESOURCES DEPARTMENT ALSO ANNUALLY USES A CALCULATION THAT INCLUDES A QUANTITATIVE AND QUALITATIVE ANALYSIS BASED ON THE PERFORMANCE OF THE ENDOWMENT. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT INDENTIFYING COMPENSATION INFORMATION FOR THE CHIEF INVESTMENT OFFICER. THIS REPORT BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF MERIT INCREASE TO BE AWARDED. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHIEF INVESTMENT OFFICER IN 2018. Form 990, Part VI, Line 19 Required documents available to the public TCU DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. TCU MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TCU'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA TCU'S HUMAN RESOURCES WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue ALL OTHER PROGRAM SERVICE REVENUE - Total Revenue: 14432986, Related or Exempt Function Revenue: 14406397, Unrelated Business Revenue: 26589, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 628879, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 628879; - Total Revenue: , Related or Exempt Function Revenue: , 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 OTHER MISC. CHANGES - 1566; Post Retirement Benefit Actuarial Change - 1118167; Rounding - 1; Officer Compensation of Assoc. VC for Facilities Capitalized - 222069; Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception JAMES DIXON WAS HIRED AS HEAD MEN'S BASKETBALL COACH IN 2016 AND ENTERED INTO A CONTRACT WITH TCU IN 2016, WHICH WAS THE FIRST CONTRACT THAT HE HAD SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2017. STUART FLYNN WAS HIRED AS DEAN OF THE MEDICAL SCHOOL IN 2016 AND ENTERED INTO A CONTRACT WITH TCU IN 2016, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. HE WAS STILL UNDER THAT CONTRACT IN 2017. JEREMIAH DONATI WAS PROMOTED TO ATHLETIC DIRECTOR IN 2017 AND ENTERED INTO A CONTRACT WITH TCU IN 2017, WHICH WAS THE FIRST CONTRACT THAT HE SIGNED WITH TCU. 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