2019-05-14T07:31:00-05:00 2018-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 20878 990 2017-07-01 520591672 MOUNT SAINT MARY'S UNIVERSITY MOUN 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 WILLIAM E DAVIES VP BUSINESS AND FINANCE 3014475353 2019-05-12 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.9 2019-05-12 10:42:56 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2017 2019-02-21 02:37:17Z TIMOTHY E TRAINOR 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 142521938 0 X WWW.MSMARY.EDU X 1808 MD MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O), OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 18 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL. 23 22 1575 30 217743 -111029 9897583 11695189 89503905 96253741 6829326 6813189 57571 35329 106288385 114797448 32404994 36435164 0 0 36085522 38740356 0 40500 1945017 31307285 32917213 99797801 108133233 6490584 6664215 161601097 174421896 73735505 82937717 87865592 91484179 X MOUNT ST. MARY'S STRIVES TO GRADUATE MEN AND WOMEN WHO CULTIVATE A MATURE SPIRITUAL LIFE, WHO LIVE BY HIGH INTELLECTUAL AND MORAL STANDARDS, WHO RESPECT THE DIGNITY OF OTHER PERSONS, WHO SEE AND SEEK TO RESOLVE THE PROBLEMS FACING HUMANITY, (SEE SCHEDULE O)AND WHO COMMIT THEMSELVES TO LIVE LIVES OF SIGNIFICANCE IN SERVICE TO GOD AND OTHERS. 0 0 55579702 36435164 74600697 INSTRUCTIONAL PROGRAMS FOR 2,427 STUDENTS CONSISTING OF 1,925 UNDERGRADUATE STUDENTS, 178 GRADUATE STUDENTS IN BUSINESS, 114 GRADUATE STUDENTS IN EDUCATION, 141 GRADUATE STUDENTS IN THEOLOGY, 33 GRADUATE STUDENTS IN HEALTHCARE ADMINISTRATION, AND 10 GRADUATE STUDENTS IN BIOTECHNOLOGY & MGMT, AND 26 GRADUATE STUDENTS IN SPORTS MANAGEMENT. THE UNIVERSITY AWARDED A TOTAL OF 545 DEGREES COMPRISED OF 384 UNDERGRADUATE, 141 MASTERS, AND 20 THEOLOGY DEGREES. 22453576 19295709 AUXILIARY ENTERPRISES WHICH IS COMPRISED OF ATHLETICS, STUDENT HOUSING, DINING SERVICES, POST OFFICE, VENDING, PHYSICAL PLANT, LAUNDRY AND PUBLIC SAFETY. 8962800 2139592 STUDENT SERVICES FOR THE ENTIRE STUDENT BODY. THIS INCLUDES COUNSELING/HEALTH CENTER, STUDENT AFFAIRS, AND STUDENT ACTIVITIES. 6092606 ACADEMIC SUPPORT 1559427 INSTITUTIONAL SUPPORT 7652033 94648111 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 220 0 1 1575 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X WILLIAM E DAVIES 3014475353 16300 OLD EMMITSBURG ROAD EMMITSBURG MD 21727 MARY D KANE CHAIR OF THE BOARD 15.00 X X 0 0 0 HOWARD N BOLTE VICE CHAIR OF THE BOARD 10.00 X X 0 0 0 GRACELYN A MCDERMOTT SECRETARY 5.00 X X 0 0 0 ROBERT C DONDERO TREASURER 10.00 X X 0 0 0 ANTHONY J AGNONE TRUSTEE 5.00 X 0 0 0 JOHNSON I AGOGBUA TRUSTEE 5.00 X 0 0 0 HON JENNIFER M ANDERSON TRUSTEE 5.00 X 0 0 0 EDWARD M CARUSO TRUSTEE 5.00 X 0 0 0 KENNETH B CHODNICKI TRUSTEE 5.00 X 0 0 0 DAVID P CONAGHAN TRUSTEE 5.00 X 0 0 0 JEREMY M ELLERMEYER TRUSTEE 5.00 X 0 0 0 REV MSGR JOHN J ENZLER TRUSTEE 5.00 X 0 0 0 REV J KEVIN FARMER TRUSTEE 5.00 X 0 0 0 PATRICK J GOLES TRUSTEE 5.00 X 0 0 0 MOST REVEREND WILLIAM E LORI TRUSTEE 10.00 X 0 0 0 MOST REVEREND PAUL S LOVERDE TRUSTEE 5.00 X 0 0 0 RICHARD P MILLER TRUSTEE 5.00 X 0 0 0 HUGH W MOHLER TRUSTEE 5.00 X 0 0 0 JANICE I OBUCHOWSKI TRUSTEE 5.00 X 0 0 0 MARY NOEL PAGE TRUSTEE 5.00 X 0 0 0 PAUL J PALMIERI TRUSTEE 5.00 X 0 0 0 WILLIAM S ROOHAN TRUSTEE 5.00 X 0 0 0 BRIAN L SMITH TRUSTEE 5.00 X 0 0 0 TIMOTHY TRAINOR PRESIDENT 50.00 X 404439 0 24000 JACK CHIELLI VP, COMMUNICATION & ENROLLMENT MGMT 50.00 X 170693 0 33275 WILLIAM DAVIES VP, BUSINESS & FINANCE 50.00 X 242972 0 42372 ROBERT BRENNAN VP, ADVANCEMENT 50.00 X 179870 0 29407 PAULINE ENGLESTATTER VP, UNIVERSITY AFFAIRS 50.00 X 204729 0 33228 SIMON BLACKWELL VP & CHIEF TRANSFORMATION OFFICER 50.00 X 198864 0 38046 JENNIE HUNTER-CEVERA PROVOST THRU 12/2017 50.00 X 169292 0 10169 MICHAEL POST VP, ENROLLMENT MGMT THRU 06/2018 50.00 X 240987 0 42108 ANDREW BAKER SEMINARY RECTOR 50.00 X 122631 0 0 WAYNE GREEN VP & CHIEF OF STAFF 50.00 X 120586 0 6647 MATTHEW THIBEAU DIR, STRATEGIC PLANNING/INITIATIVES 50.00 X 138385 0 28976 JAMION CHRISTIAN HEAD MEN'S BASKETBALL COACH 50.00 X 242090 0 20791 PAULA WHETSEL-RIBEAU VP, EQUITY AND SUCCESS 50.00 X 162010 0 21505 DAVID MCCARTHY ASSOC PROVOST 50.00 X 151500 0 9000 JOSEPH LEBHERZ DIR COMM, GOVT CORP REL. 50.00 X 133439 0 23606 THOMAS POWELL FORMER PRESIDENT 50.00 X 141184 0 36345 3023671 0 399475 34 1 1 0 ARAMARK 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICES 5331752 EAB PO BOX 603519 CHARLOTTE NC 282603519 STUDENT MARKETING PROGRAMS 711752 WORKDAY 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 COMPUTER SERVICES 546010 270 TECH PARK 23601 LAYTONSVILLE ROAD LAYTONSVILLE MD 20882 BUILDING RENTAL 479111 S & W CONSTRUCTION 1 YELLOWBIRD TRAIL FAIRFIELD PA 17320 CONSTRUCTION SERVICES 402542 12 6000 2643534 9045655 2527652 11695189 TUITION & FEES 611310 74600697 74600697 AUXILIARY ENTERPRISE 611710 21576742 21435301 141441 CONFERENCES & GROUPS 611600 43918 43918 OTHER SERVICES 221000 32384 32384 96253741 5818240 5818240 967 967 28700941 27706959 993982 993982 993982 44760 6000 15481 29279 29279 8100 2050 6050 6050 114797448 96035998 217743 6848518 20000 20000 36415164 36415164 2588568 279374 2150220 158974 28952896 25261881 2924016 766999 1168607 980119 148790 39698 4364648 3435364 790746 138538 1665637 1274212 334793 56632 103984 103984 94000 94000 40500 40500 184827 184827 1772495 1355959 356271 60265 2205882 1687500 443382 75000 2989637 2287072 600917 101648 1378039 1054200 276986 46853 1789640 1533721 195071 60848 1909327 1636293 208117 64917 142745 109200 28692 4853 2720576 2081240 546836 92500 6256089 5542895 681914 31280 479781 425086 52296 2399 OTHER EXPENSES 5642046 4293598 1145335 203113 DINING SERVICES 4975233 4975233 ALLOWANCES & UNCOLLECTI 151939 151939 CREDIT CARD DISCOUNT 120973 120973 108133233 94648111 11540105 1945017 17119 16571 16399561 22960457 1752941 2166317 709233 1299331 2860873 2962881 160735 354595 1227439 887230 224170577 137998227 83042246 86172350 37986062 30722763 11931464 21873852 5513424 5005549 161601097 174421896 5359052 5550124 4430425 4135725 55121555 59104397 1920000 8824473 12227471 73735505 82937717 X 40282006 38522940 17892224 22544168 29691362 30417071 87865592 91484179 161601097 174421896 X 6664215 -3336711 291083 X 0 1 X 1 1 1 X 0 0 0 0 0 0 1 6500 0 1 14664 21164 0 PART II-B, LINE 1: MSMU IS A MEMBER OF THE MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOCIATION (MICUA)> MICUA ALLOCATES A PORTION OF THE DUES ASSESSMENT TO NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. THIS REPRESENTS THE % OF DUES ALLOCATED TO THAT ACTIVITY. 708519 X X 0 50321692 551492 3534715 1882683 184827 52340389 46177138 1778650 4386993 1840183 180906 50321692 48144575 842841 -844762 1791559 173957 46177138 47604515 1471939 902612 1674157 160334 48144575 40669602 2568349 6080135 1569422 144149 47604515 0.26450 0.51960 0.21590 0 0 2004079 2004079 161764327 94723972 67040355 42509 30364 12145 43500618 34484955 9015663 16859044 8758936 8100108 86172350 MULTI-STRATEGY HEDGE FUNDS 5089358 F LIFE INSURANCE CASH SURRENDER VALUE 288322 F 117469-VANGUARD TOTAL STK MKT ETF (VTI) 16496172 F 21873852 ANNUNITIES PAYABLE 737636 US GOVERNMENT ADVANCES FOR STUDENT LOANS 1460530 ASSET RETIREMENT OBLIGATIONS 1612624 DEPOSITS 501636 LEASE PAYABLE 2061787 OTHER LIABILITIES 389896 NON-RECOURSE OBLIGATION 5463362 12227471 X 75396136 -3336711 -36415164 -39751875 115148011 184827 -535390 -350563 114797448 71533242 0 71533242 184827 36415164 36599991 108133233 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF ITEMS ASSOCIATED WITH THE HISTORY OF THE UNIVERSITY AND IS MAINTAINED IN THE ARCHIVES. THERE ARE ALSO VARIOUS WORKS OF ART IN CHAPELS ACROSS CAMPUS. THIS COLLECTION PROMOTES OUR EDUCATIONAL PURPOSE BY PROVIDING HISTORICALLY SIGNIFICANT RESEARCH MATERIAL FOR STUDENTS AND PROFESSORS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES FUNDS TO SUPPORT STUDENT FINANCIAL AID, FACULTY SALARIES AND THE GENERAL OPERATIONS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2018 OR 2017. GENERALLY, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE -36,415,164. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DEBT REFINANCING REPORTED ON LIN 7C -535,390. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES NETTED AGAINST STUDENT REVENUE 36,415,164. 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 UNIVERSITY'S NON-DISCRIMINATION POLICY IS OPENLY REPORTED TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE, STUDENT CATALOGUES, EMPLOYMENT POLICIES AND PROCEDURES AND THROUGH PUBLIC RELATIONS EFFORTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES MONEY FROM THE STATE OF MARYLAND THROUGH THE STATE'S SELLINGER PROGRAM. THE SELLINGER PROGRAM PROVIDES STATE FUNDING TO NON-PUBLIC INSTITUTIONS FOR STUDENT FINANCIAL AID AND OTHER PURPOSES. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 210806 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES HIGHER EDUCATION SERVICES 2180 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1327679 0 0 0 0 0 0 1540665 0 1540665 1 0 0 0 0 0 X X 1 MCALLISTER & QUINN LLC 1030 15TH STREET NW SUITE 590 WEST WASHINGTON DC 20005 CONSULTS ON GRANT SOLICITATION 0 0 40500 -40500 40500 -40500 MD VA GOLF TOURNAMENT 34070 6000 28070 6363 4816 BULL ROAST 16690 16690 610 3692 50760 6000 44760 6973 8508 15481 29279 1 ARCHDIOCESE OF BALTIMORE 320 CATHEDRAL STREET BALTIMORE MD 21201 520591535 501(C)(3) 10000 SILVER SPONSOR - ANNUAL GALA BISHOP MCDEVITT HIGH SCHOOL 125 ROYAL AVENUE WYNCOTE PA 19095 231424025 501(C)(3) 10000 MCDEVITT CAPITAL CAMPAIGN 2 STUDENT FINANCIAL AID 1750 36415164 BOOK VALUE ASSIST WITH COST OF TUITION, ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY'S USE OF GRANT FUNDS IS TO PROVIDE FINANCIAL AID TO OUR STUDENTS. WE MONITOR THE USE OF THESE UNIVERSITY FUNDS IN ACCORDANCE WITH ESTABLISHED LEVELS OF AWARDS BASED ON A STUDENT'S MERIT CLASSIFICATION AND ON AN ANNUAL BUDGET. THE UNIVERSITY FOLLOWS ALL REGULATIONS RELATIVE TO THE AWARDING OF FINANCIAL ASSISTANCE WHICH IS MONITORED BY THE FINANCIAL AID OFFICE. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 TIMOTHY TRAINOR PRESIDENT 401328 0 0 0 3111 0 24000 0 13850 0 442289 0 0 0 JACK CHIELLI VP, COMMUNICATION & ENROLLMENT MGMT 168317 0 0 0 2376 0 10500 0 24921 0 206114 0 0 0 WILLIAM DAVIES VP, BUSINESS & FINANCE 240649 0 0 0 2323 0 15026 0 29507 0 287505 0 0 0 ROBERT BRENNAN VP, ADVANCEMENT 177360 0 0 0 2510 0 6000 0 26562 0 212432 0 0 0 PAULINE ENGLESTATTER VP, UNIVERSITY AFFAIRS 200230 0 0 0 4499 0 12545 0 25175 0 242449 0 0 0 SIMON BLACKWELL VP & CHIEF TRANSFORMATION OFFICER 191509 0 0 0 7355 0 12000 0 27703 0 238567 0 0 0 JENNIE HUNTER-CEVERA PROVOST THRU 12/2017 166498 0 0 0 2794 0 10000 0 8333 0 187625 0 0 0 MICHAEL POST VP, ENROLLMENT MGMT THRU 06/2018 240447 0 0 0 540 0 15000 0 28282 0 284269 0 0 0 MATTHEW THIBEAU DIR, STRATEGIC PLANNING/INITIATIVES 138385 0 0 0 0 0 5431 0 23624 0 167440 0 0 0 JAMION CHRISTIAN HEAD MEN'S BASKETBALL COACH 211726 0 30000 0 364 0 12516 0 9098 0 263704 0 0 0 PAULA WHETSEL-RIBEAU VP, EQUITY AND SUCCESS 162010 0 0 0 0 0 9926 0 11939 0 183875 0 0 0 DAVID MCCARTHY ASSOC PROVOST 151500 0 0 0 0 0 9000 0 330 0 160830 0 0 0 JOSEPH LEBHERZ DIR COMM, GOVT CORP REL. 133439 0 0 0 0 0 6934 0 16981 0 157354 0 0 0 THOMAS POWELL FORMER PRESIDENT 140210 0 0 0 974 0 9000 0 27654 0 177838 0 0 0 PART I, LINE 1A IT IS THE UNIVERSITY'S POLICY TO REIMBURSE EMPLOYEES FOR BUSINESS EXPENSES INCURRED BY THE EMPLOYEE TO FURTHER THE MISSION OF THE UNIVERSITY. INFREQUENTLY, IN ACCORDANCE WITH IRS GUIDELINES, THE UNIVERSITY MAY REIMBURSE AN EMPLOYEE FOR THE COST OF A SPOUSE WHO ATTENDS A FUNCTION HAVING A SIGNIFICANT ROLE OR IS INVOLVED WITH FUNDRAISING WHICH CONSTITUTES A BUSINESS PURPOSE. THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH ITS PRESIDENT TIM TRAINOR. IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT THE UNIVERSITY PROVIDES HOUSING FOR THE INTERIM PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER WHICH IS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. THE UNIVERSITY HAS AN EMPLOYMENT CONTRACT WITH ITS INTERIM PROVOST JENNIE HUNTER-CEVERA. IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT THE UNIVERSITY PROVIDES HOUSING FOR THE INTERIM PROVOST FOR THE CONVENIENCE OF THE EMPLOYER WHICH IS A NON-TAXABLE BENEFIT IN ACCORDANCE WITH IRS GUIDELINES. PART I, LINE 7 JAMION CHRISTIAN RECEIVED A PERFORMANCE BONUS. A TOWN OF EMMITSBURG 526017142 2009-12-29 1250000 RENOVATIONS TO RESIDENCE HALL 0 0 0 B COUNTY COMMISSIONERS OF FREDERICK COUNTY 526000943 355697CG6 2017-12-21 59172319 DEBT REFINANCING 0 0 0 A 1250000 92516 1157484 2010 0 0 1 1 B 59172319 3822499 1146332 3007599 51195889 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 0 A 1 B 1 SERIES 2017A BOND THE ISSUES PRICE OF THE BOND PER FORM 8038 WAS $59,172,319 AND THE STATED REDEMPTION OF THE BOND IS 54,590,000. THE DIFFERENCE BETWEEN THE TWO REPRESENTS NONREFUNDING PROCEES OF THE ISSUES IN THE AMOUNT OF $3,007,599. 21000 SCHOLARSHIP TUITION X 83 2527652 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE UNIVERSITY'S GOVERNING BODY BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE OFFICE OF THE PRESIDENT. CONFLICTS WITH MEMBERS OF THE BOARD OF TRUSTEES ARE DISCLOSED, AND DISTRIBUTED TO RELEVANT DEPARTMENTS ANNUALLY. TRANSACTIONS WITH THESE PARTIES ARE SEPARATELY REVIEWED. AN INDIVIDUAL OR TRUSTEE WITH A CONFLICT REMOVES THEMSELVES FOR THE DELIBERATIONS AND DECISION. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT PRESENTS A SELF-EVALUATION TO THE BOARD OF TRUSTEES BASED ON AGREED UPON PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW SALARY AND BENEFIT COMPARISON DATA COMPILED FROM SEVERAL SOURCES FOR INSTITUTIONS OF SIMILAR SIZE AND SCOPE. THE FULL BOARD DISCUSSES THE PRESIDENT'S PERFORMANCE AND REVIEWS THE COMPARATIVE SALARY DATA. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISION ON THE PRESIDENT'S SALARY AND DEFERRED COMPENSATION IF APPLICABLE, WHICH IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS AND THE MEETINGS ARE DOCUMENTED BY FORMAL MINUTES. FOR OTHER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES, SURVEY DATA PROVIDED BY CUPA IS USED ALONG WITH COMPENSATION DATA FROM PEER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 238,940. CHANGE IN THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 52,143. THE MOUNT CLUB INC 16300 OLD EMMITSBURG ROAD LIQUOUR SALES MD 21272 520591672 LIQUOUR SALES MD MOUNT SAINT MARYS UNIVERSITY THE MARION I AND HENRY J KNOTT SCHOLARSHIP FUND INC 4701 N CHARLES ST BALTIMORE MD 21210 521097109 TO SUPPORT CERTAIN TAX EXEMPT INSTITUTIONS IN THE STATE OF MARYLAND MD 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0