2019-05-13T14:34:16-05:00 2018-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2017-07-01 590624364 Barry University Inc BARR 3058993050 11300 NE 2nd Avenue Miami Shores FL 331616695 Susan Rosenthal VP for Business & Finance 3058993050 2019-05-13 1 David C Moja P00747006 6785185301 139.146.132.42 2019-05-13 15:34:07 ED P 49F1A104B7356211C74F5F0EBB19BF5D87CEA4A3 D0B562F427CC3973271ACF1A8DD38A63DA62FBCE 2017 2019-02-21 02:37:17Z Sr Linda Bevilacqua OP 11300 NE 2nd Avenue Miami Shores FL 331616695 200740738 0 0928 X http://www.barry.edu X 1940 FL Barry University is a Catholic institution of higher education grounded in the liberal arts tradition, fostering a scholarly community commited to the highest academic standards in undergraduate, graduate, and professional education in the Catholic intellectual life faithful to this tradition. 34 32 2640 127 19621 -4690 5334701 4671830 172296315 178274480 1339414 3940508 5713821 3357536 184684251 190244354 48371672 49959421 0 0 86643023 79669089 0 0 319175 58635943 59218969 193650638 188847479 -8966387 1396875 213287698 218723752 93916424 96212218 119371274 122511534 X Barry University is a Catholic institution of higher education founded in 1940 by the Adrian Dominican Sisters. Grounded in the liberal arts tradition, Barry University is a scholarly community commited to the highest academic standards in undergraduate, graduate and professional education in the Catholic intellectual life faithful to this tradition. A Barry education and university experience foster individual and communal transformation where learning leads to knowledge and truth, reflection leads to informed action, and a commitment to social justice leads to collaborative service. Barry Univeristy provides opportunities for affirming our Catholic identity, Dominican heritage, and collegiate traditions. Catholic beliefs and values are enriched by ecumenical and interfaith dialogue through worship and ritual, we celebrate our religious identity while remaining a univeristy community where all are welcome. 0 0 122560853 49959421 163239200 Instructional services to graduate and undergraduate students: Barry University offers approximately 100 undergraduate, graduate, professional, and doctoral degree programs to approximately 8,300 full and part-time students at multiple sites. 27109960 17696706 Student services and auxiliary enterprises: The student affairs division of Barry University adheres to the philosophy that students succeed when all aspects of their development are at optimum level. To this end, the Student Affairs staff stand ready to serve as a support system for Barry students. The services available include the bookstore, campus ministry, career services, commuter student affairs, leadership an transition, commencement, counseling and psychological, dining, disability, health, intercultural center, public safety, residential life, student activities, student union, and volunteer and community services. 6523060 10657 Academic support: Barry University offers academic support to students as it relates to library, computer, and learning center support. The Monsignor William Barry Memorial Library includes more than 950,000 items, over 40,000 print and on-line journal subscriptions and several thousand on-line books and streaming video resources. A significant strength is the excellent Roman Catholic research materials collection. The Barry Library Information Services System Web (BLISSWeb) is the computerized online catalog of the library's holdings. BLISSWeb can be searched from terminals and computers in the library, computer labs, dorms, and offices across campus as well as home and off-campus sites. The Library is a member of SEPLIN (South East Florida Library Information Network), the Online Computer Library Center (OCLC), and a national library network. The Barry University Dwayne O. Andreas School of Law houses an extensive collection of legal materials including Federal and State Statutes, case reporters and digests, monographs, treatises, secondary resources, legal periodicals, and newspapers, with a focus on Florida specific legal resources. Reference librarians with law degrees are available to assist with research and reference for students, faculty, and members of the Orlando legal community. 156193873 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 9492 0 1 2640 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X Judith Penate 3058994042 11300 NE 2nd Avenue Miami Shores FL 331616695 X Sr Linda Bevilacqua OP PhD President 40.00 X X 0 0 81886 John M Bussel Chairperson 1.00 X X 0 0 0 Gerald W Moore Esq Vice Chairperson 1.00 X X 0 0 0 Gregory Greene Vice Chairperson 1.00 X X 0 0 0 Michael O O'Neil Jr Secretary 1.00 X X 0 0 0 Sr Andrea J Balconis OP MD Trustee 1.00 X 0 0 0 Daniel F Bird PhD Trustee 1.00 X 0 0 0 Sister Mary Ann Caulfield OP Trustee 1.00 X 0 0 0 Tanya I Davis CPA Trustee 1.00 X 0 0 0 Edward Feenane Trustee 1.00 X 0 0 0 Sr Rosemary T Finnegan OP Trustee 1.00 X 0 0 0 John D Fumagalli Trustee 1.00 X 0 0 0 Jorge A Gross CPA Trustee 1.00 X 0 0 0 Christopher J Gruchacz Trustee 1.00 X 0 0 0 William J Heffernan Trustee 1.00 X 0 0 0 Monsignor Chanel Jeanty JCL Trustee 1.00 X 0 0 0 Keith B Kashuk DPM Trustee 1.00 X 0 0 0 Joseph P Klock Jr Esq Trustee 1.00 X 0 0 0 Joyce Landry Trustee 1.00 X 0 0 0 Charles R Modica JD Trustee 1.00 X 0 0 0 William R O'Donnell PE SECB Trustee 1.00 X 0 0 0 Phillis Oeters Trustee 1.00 X 0 0 0 Eduardo A Otero MD Trustee 1.00 X 0 0 0 Aletha Player Trustee 1.00 X 0 0 0 John G Primeau Trustee 1.00 X 0 0 0 Heather J Rohan Trustee 1.00 X 0 0 0 Donald S Rosenberg Esq Trustee 1.00 X 0 0 0 Luigi Salvaneschi PhD Trustee 1.00 X 0 0 0 Joel H Sharp Jr Esq Trustee 1.00 X 0 0 0 Kevin W Shaughnessy Esq Trustee 1.00 X 0 0 0 Sister Patricia Siemen OP JD Trustee 1.00 X 0 0 0 James Stelnicki Trustee 1.00 X 0 0 0 Noreen Bevilacqua Virgin Trustee 1.00 X 0 0 0 Sister Sharon Weber OP PhD Trustee 1.00 X 0 0 0 Susan Rosenthal VP for Business & Finance 40.00 X 225333 0 31133 David Dudgeon General Counsel 40.00 X 159298 0 19873 John Murray Provost 40.00 X 261057 0 31284 Leticia Diaz Dean, Law 40.00 X 206322 0 32366 Scott Smith VP for Student Services 40.00 X 181539 0 23231 Christopher Starrat VP for Mission & Inst. Eff 40.00 X 171219 0 27663 Yvette Brown Chief Information Officer/ 40.00 X 179360 0 29278 John McFadden Dean, Nursing & Health Sciences 40.00 X 225218 0 17431 James Losito Professor, Podiatric Medicine 40.00 X 248437 0 29297 Robert Snyder Director Clinical Research 40.00 X 214776 0 9635 Albert Armstrong Dean, School of Podiatric Medicine 40.00 X 204809 0 24842 Ronald Dick Professor, Anesthesiology 40.00 X 276529 0 20221 Thomas Merrill Professor, Surgery 40.00 X 199319 0 29098 2753216 0 407238 109 0 1 0 Compass Group PO Box 50196 Los Angeles CA 900740196 Food Services 4091173 GCA 1350 Euclid Ave Suite 1500 Cleveland OH 44115 Custodial, Grounds Services 2614692 Allied Barton Security Services 161 Washington Street Suite 600 Ei Conshohocken PA 19428 Security Services 1874472 Skanska USA Building Inc 389 Interpace Pkwy Suite 5 Parsippany NJ 94588 Construction Services 1681084 Workday Inc 6230 Stoneridge Mall Road Pleasanton CA 94588 Software Service 1369062 42 13915 2469161 2188754 77535 4671830 Tuition and Fees 900099 162243996 162243996 Auxilliary Enterprises 900099 12460857 12460857 Podiatric Clinic 900099 1277733 1277733 Athletic facilities 532000 1203796 1184175 19621 Student fees 900099 1088098 1088098 178274480 819511 819511 687557 0 687557 687557 687557 6345060 7167457 5700512 4691008 644548 2476449 3120997 3120997 83139 13915 104864 -21725 -21725 Reimbursements 900099 1031971 1031971 1659733 1659733 2691704 190244354 180946563 19621 4606340 49959421 49959421 2322351 1959860 355125 7366 244352 206273 37306 773 63758734 53971166 9585263 202305 1784672 1481082 295972 7618 6992468 5605330 1371317 15821 4566512 3886367 664651 15494 266349 22122 244227 741580 14569 727011 57619 57619 99509 56911 42598 4362202 2756210 1580418 25574 2893427 487664 2371388 34375 2228798 2030104 198671 23 5471465 691521 4779944 14628730 12538708 2090022 1959072 1738397 213883 6792 277431 235477 39363 2591 3452752 2881079 571673 8585874 7307968 1277906 3437731 414289 3023442 Food Service 4607597 4169036 438221 340 Library Resources 1911096 1910898 198 Bad Debt 1692549 10554 1681995 Repairs & Maintenance 527002 486600 40402 2018186 1372267 645816 103 188847479 156193873 32334431 319175 18535890 26148016 546734 448176 4572236 4896300 6939512 7185240 9235085 10593356 239647430 121368500 126427874 118278930 34365804 37916770 6538641 6590811 6125922 6666153 213287698 218723752 10112756 14179307 68827822 66146098 2111529 1968317 12864317 13918496 93916424 96212218 X 89381455 90048173 9825523 10884943 20164296 21578418 119371274 122511534 213287698 218723752 X 1396875 1679675 63710 X X 0 1 X 1 1 1 X 4625265 5921501 6389392 5334701 4671830 26942689 4625265 5921501 6389392 5334701 4671830 26942689 344976 26597713 1523849 1621770 1363605 1600488 1507068 7616780 4153784 6687075 5289563 5148071 2774843 24053336 58612805 939793588 0.45380 0.44750 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2013 Amount: $ 191,750. 2014 Amount: $ 37,150. 2015 Amount: $ 443,832. 2016 Amount: $ 129,869. 2017 Amount: $ 83,139. Other - 2013 Amount: $ 3,962,034. 2014 Amount: $ 6,649,925. 2015 Amount: $ 4,845,731. 2016 Amount: $ 5,018,202. 2017 Amount: $ 2,691,704. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. 0 0 0 0 0 0 0 0 1 57619 57619 0 Part II-B, Line 1: Between July 1, 2017 through June 30, 2018, Barry University, advocated for government support at the local, state and federal levels, in-person, via email, telephone and U.S. mail. As a member of the Independent Colleges and Universities of Florida (ICUF), Barry University, advocated for legislation that would expand government support and funding for independent colleges and universities. Further, as a member of the Hispanic Association of Colleges and Universities (HACU), Barry University appealed to elected officials for support of Hispanic -serving institutions. X 1 6.20 1 1 40.00 2000 186476 X 0 40086142 1261107 2863414 130251 99508 43980904 36571919 222431 3467987 176195 40086142 36195517 393165 865160 881923 36571919 34517341 840289 1129709 291822 36195517 31422732 30490 3577822 502226 11477 34517341 0.34890 0.49060 0.16050 0 0 7921889 7921889 165750609 69256300 96494309 61567141 52112200 9454941 4407791 4407791 118278930 Student Deposits 3908659 Other 10009837 13918496 X 139660493 1679675 3760 168574 1852009 137808484 52435870 52435870 190244354 136520233 3760 104864 108624 136411609 52435870 52435870 188847479 Part II, Line 9: The University records the easement in its statement of financial position as part of the cost of the land purchased for the University's law school in Orlando. Part III, Line 4: The collection of books relates to theology, philosophy, religious studies, and supporting disciplines. Part V, Line 4: The University's unrestricted endowments are restricted by the University's Board of Trustees. The Board can appropriate as much of the net appropriation on board-designated endowments as is prudent considering the University's present and anticipated financial requirements, expected total return on investments, price level trends, and general economic conditions. The income derived from permanently restricted endowed funds is to be used for various programs sponsored by the University in accordance with the donor's wishes and is classified as unrestricted or temporary restricted net assets, in accordance with the donor's wishes. Part X, Line 2: The University is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. Accordingly, the financial statements do not include an income tax provision, except for certain taxable transactions. The University complies with the provisions of Accounting Standards Codification (ASC) 740(formerly Financial Accounting Standards Board Interpretation (FASB) No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 ("FIN 48"). Under ASC 740, the University must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Management of the University does not believe there are any material uncertain tax positions and accordingly has not recognized any liability for unrecognized tax benefits. The University has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the University has filed Internal Revenue Service Form 990 tax returns as required and all other applicable returns in those jurisdictions where it is required. The University believes that it is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2015. However, the University is still open to examinations by taxing authorities from fiscal year 2015 forward. For the years ended June 30, 2018 and 2017, there was no interest or penalties recorded or included in the consolidated statements of activities. Earnings from unrelated business activities were not significant for the years ended June 30, 2018 and 2017. Accordingly, no provision for income taxes has been made in accompanying consolidated financial statements. Part XI, Line 2d - Other Adjustments: Change in cash surrender value 63,710. Special event expenses 104,864. Part XI, Line 4b - Other Adjustments: Gain on sale of fixed assets 2,476,449. Scholarships netted with revenue 49,959,421. Part XII, Line 2d - Other Adjustments: Special event expenses 104,864. Part XII, Line 4b - Other Adjustments: Scholarships netted with revenue 49,959,421. Gain on sales of fixed assets 2,476,449. 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 publicity requirements of Rev. Proc 75-50, 1975-2 C.B. 587 is satisfied by complying with Section 4.02 as to statement of policy. The University draws its students from local communities and follows a racially nondiscriminatory policy as to students. It currently enrolls students of racial minority groups in meaningful number. The policy is posted on the website. Schedule E, Part I, Line 6 Barry University receives assistance from Title IV programs including PELL, SEOG, CWSP, ETC. Central America and the Caribbean 0 37 Program Services Graduate Social Work and Education Teaching 566360 0 37 0 0 0 37 566360 0 566360 0 0 0 0 0 0 Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting. Alumni Award Luncheon 39575 560 39015 404 12709 4800 13089 Golf Tournament 38019 12263 25756 12200 8818 3980 10000 3021 1 19460 1092 18368 590 5465 13345 5253 11190 97054 13915 83139 13194 14283 30034 20053 27300 104864 -21725 1 Student Scholarships/Awards 4363 49959421 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. Any amounts in excess of $600.00 are reported on Form 1098-T. No cash changes hands and funds are directly applied to student accounts. X 1 1 X X 0 0 0 1 0 0 0 0 0 Susan Rosenthal VP for Business & Finance 225333 0 0 0 0 0 9360 0 22229 0 256922 0 0 0 David Dudgeon General Counsel 159298 0 0 0 0 0 6520 0 13704 0 179522 0 0 0 John Murray Provost 261057 0 0 0 0 0 10670 0 21118 0 292845 0 0 0 Leticia Diaz Dean, Law 206322 0 0 0 0 0 8642 0 24153 0 239117 0 0 0 Scott Smith VP for Student Services 181539 0 0 0 0 0 7486 0 16131 0 205156 0 0 0 Christopher Starrat VP for Mission & Inst. Eff 171219 0 0 0 0 0 7013 0 21019 0 199251 0 0 0 Yvette Brown Chief Information Officer/ 179360 0 0 0 0 0 7486 0 22178 0 209024 0 0 0 John McFadden Dean, Nursing & Health Sciences 225218 0 0 0 0 0 9038 0 8770 0 243026 0 0 0 James Losito Professor, Podiatric Medicine 248437 0 0 0 0 0 6664 0 22926 0 278027 0 0 0 Robert Snyder Director Clinical Research 214776 0 0 0 0 0 8617 0 1308 0 224701 0 0 0 Albert Armstrong Dean, School of Podiatric Medicine 204809 0 0 0 0 0 8400 0 16862 0 230071 0 0 0 Ronald Dick Professor, Anesthesiology 276529 0 0 0 0 0 11091 0 9438 0 297058 0 0 0 Thomas Merrill Professor, Surgery 199319 0 0 0 0 0 8266 0 21137 0 228722 0 0 0 Part I, Line 1a Sister Linda Bevilacqua, President of the University, receives a housing allowance. It is not taxable. Part I, Line 5 Physicians in the School of Podiatry received a percent of gross receipts of the teaching clinics. A Pinellas County Education Facility 596000800 723161FP5 2007-10-24 10000000 See Part V 0 0 0 B Pinellas County Education Facility 596000800 723161GE9 2011-08-02 38929920 See Part V 0 0 0 C Pinellas County Education Facility 596000800 723161GX7 2012-03-28 32695767 See Part V 0 0 0 A 10000000 182092 131046 2729304 6697558 2008 1 0 1 1 B 8235000 38929920 3216731 969251 533041 16000000 18196897 2012 1 0 1 1 C 3490000 32695767 3269577 439883 28986307 2012 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 1 0.14100 1 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 Bank of America 20.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 10/23/2017 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 07/31/2017 Issuer Name: Pinellas County Education Facility Date the Rebate Computation was Performed: 03/27/2018 Schedule K, Part I, Line a, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fund the construction of a building and the equipment for the Institute of Community Health & Minority Medicine, a graduate medical science building, which will provide office space for faculty, classroom space for students and house various health programs, and related improvements of the University, and refinance a loan dated May 7, 2004 from Bank of America, N.A. to the University in the original amount of $7,300,000 and pay costs of issuing the series 2007 bonds. Schedule K, Part I, Line B, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to refund the 11/29/2000 bond as well as finance and refinance the cost of acquisitions, construction, and equipping of certain educational facilities and other capital improvements to be owned and operated by the University and to reimburse advances made by the University to pay a portion of such costs, and fund a debt service reserve fund and pay costs of issuance of the Series 2011 Bonds. Schedule K, Part I, Line C, Column (f): Pinellas County Educational Facility - the purpose of the bond issue is to fully refund the Series 2000 Bonds, partially refund Series 1998 Bonds, fund a debt service reserve fund, and pay certain costs of issuance of the Series 2012 Bonds. Gerene Starratt Family member of of VP, Christopher Starratt 63740 W-2 Wages and Benefits 0 Laura Alonso-Gallo Family member of of Board member, John Bussel 115529 W-2 Wages and Benefits 0 Rebecca Murray Family member of Provost, John Murray 65083 W-2 Wages and Benefits 0 X 6 22792 FMV X Food/Beverages 17 20101 FMV X Athletic Items 11 19313 FMV X Golf Equip. 20 11194 FMV X Misc. 1 2500 FMV X Gift Cards 11 1635 FMV 0 0 1 0 Part I, Column (b): The number of contributions represents the number of contributions received, not the number of items contributed. Form 990, Part VI, Section A, line 1 Composition of the Executive Committee of the Board: The Board will have an Executive Committee consisting of the Chairperson of the Board and not less than five (5) other Trustees. The Executive Committee will include at least one (1) member of the Sponsoring Congregation, which shall be the Prioress of the Sponsoring Congregation or a Board member designated by the Prioress. The Chairperson of the Board is also the Chairperson of the Executive Committee. The Vice Chairpersons of the Board and Chairperson of each Committee of the Board will also be members of the Executive Committee. The Secretary of the Board ("Board Secretary"), who must be a Trustee, will also be a member of the Executive Committee. The President shall be an ex officio member of the Executive Committee; as an ex officio member of the Executive Committee the President will not have the power to vote and will not be counted as a member of the Executive Committee for the purpose of determining a quorum. The Chairperson of the Board shall be empowered to invite the immediate past Chairperson to serve on the Executive Committee. Scope of the Committee's authority: When the Board is not in session and prudent management requires prompt action, the Executive Committee shall exercise all of the authority of the Board in the management of the Corporation except as such authority is limited by resolution of the Board, and any such action shall be submitted to the Board at its next meeting for review. Actions by the Executive Committee, as described in this provision, shall be used sparingly and shall not be abused. A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business Form 990, Part VI, Section B, line 11b Barry University uses the following process to review the Form 990. An external tax firm prepares the return with input from the University's controller. The Vice President of Business and Finance reviews, approves, and signs the return. The external tax firm electronically files the return on or before the due date including extensions. Form 990, Part VI, Section B, line 12c On an annual basis, under the conflict of interest policy, each covered person shall execute an annual disclosure statement disclosing the facts related to any covered relationship. Ongoing: a covered person shall disclose the existence and nature of any covered relationship and all material facts prior to the consideration of a proposed transaction or arrangement by the board (for a trustee or the president) or the ECA (executive committee of the administration) (for covered persons not trustees). In the event that a potential conflict of interest arises at a board meeting for a trustee or the president, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the board in the event that a potential conflict of interest arises outside a board meeting and/or for a covered person not a trustee, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the ECA. After disclosure by a trustee or the president to the board of a covered relationship and all material facts, and after any discussion with the covered person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. After disclosure by anyone other than a trustee to the ECA of a covered relationship and all material facts, and after any discussion with the covered person, the ECA will discuss and vote upon the determination of a conflict of interest. A covered person that is a trustee or the president may make a presentation to the board, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The chairperson of the board, if appropriate in his/her discretion, may appoint a disinterested person or committee to investigate alternatives to the proposed financial transaction or arrangement. After exercising due diligence, the board shall determine whether the University can obtain a more advantageous financial transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous financial transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board shall determine by a super majority vote of the disinterested directors whether the financial transaction or arrangement is in the university's best interest and for its own benefit and whether the financial transaction is fair and reasonable to the university and shall make its decision as to whether to enter into the financial transaction or arrangement in conformity with such determination. A covered person (not a trustee) may make a presentation to the ECA, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The ECA, if appropriate in its discretion, may appoint a disinterested person or committee to investigate alternatives to the proposed financial transaction or arrangement. After exercising due diligence, the ECA shall determine whether the university can obtain a more advantageous financial transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous financial transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the ECA shall determine by a majority vote of the disinterested ECA members whether the financial transaction or arrangement is in the university's best interest and for its own benefit and whether the financial transaction is fair and reasonable to the university and shall make its decision as to whether to enter into the financial transaction or arrangement in conformity with such determination. If a majority vote cannot be attained by the ECA then the conflict of interest will be decided by the board. If the board has reasonable cause to believe that a trustee or president has failed to disclose one or more covered relationships, it shall inform the trustee or president of the basis for such belief and afford the trustee or president an opportunity to explain the alleged failure to disclose. If, after hearing the response of the trustee or president and making such further investigation as may be warranted in the circumstances, the board determines that the trustee or president has in fact knowingly failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action as it deems proper in its sole discretion. The violation of this policy is a serious matter and may result in the removal of the trustee from the board or the termination of the president's contractual relationship with the university. If the ECA has reasonable cause to believe that a covered employee has failed to disclose one or more covered relationships, it shall inform the covered employee of the basis for such belief and afford the covered employee an opportunity to explain the alleged failure to disclose. If, after hearing the response of the covered employee and making such further investigation as may be warranted in the circumstances, the ECA determines that the covered employee has in fact knowingly failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action as it deems proper in its sole discretion. The violation of this policy is a serious matter and may result in the termination of the covered employees contractual relationship with the university. The minutes of the board or ECA relating to all conflicts of interest shall contain the following information: the names of the persons who disclosed or otherwise were found to have covered relationships in connection with an actual or possible conflict of interest, the nature of the covered relationship, any action taken to determine whether a conflict of interest was present, and the board's or ECA's decision as to whether a conflict of interest in fact existed. The names of persons who were present for discussions and votes relating to the financial transaction or arrangement, the content of the discussion, including any alternative to the proposed financial transaction or arrangement, and a record of any votes taken in connection therewith. Form 990, Part VI, Section B, line 15 Line 15a: The President/CEO's compensation is reviewed annually; comparable data/information is reviewed. The compensation is in keeping with the University's guidelines. The Chairperson and the Executive Committee of the Board conduct the annual evaluation of the President. The discussions and decisions form part of the minutes to the board of trustees meeting. Line 15b: Compensation for all other officers and key employees is approved through HR in collaboration with the President, VP, or Provost responsible for the area. HR uses compensation benchmark data for all University positions. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. The 990 return of organization exempt from tax is public information. Form 990, Part VII Sr. Linda Bevilacqua's compensation is paid directly to the Adrian Dominican Congregation. Form 990, Part XI, line 9: Adjust to cash surrender value 63,710. Form 990, Part VII, Line 2c: The organization has a committee that assumes responsiblity for oversight of the audit of its finanical statements and selection of its independent accountant. This process has not changed since the prior year. 6484 Indian Creek Drive LTD 11300 NE 2nd Avenue Miami Shores FL 33161 650669854 Real Estate FL Barry University Excluded 25508 0 1 0.61540 6484 Indian Creek Drive Inc 11300 NE 2nd Avenue Miami Shores FL 33161 650669852 Real Estate FL Barry University C 4949 4052 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6484 Indian Creek Drive LTD S 6484 Indian Creek Drive Inc S