2019-05-15T13:30:59-05:00 2018-06-30 350921680 CROWE LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2017-07-01 741277664 UNIVERSITY OF ST THOMAS UNIV 7135227911 3800 MONTROSE BOULEVARD HOUSTON TX 770064626 Spencer Conroy VP for Finance 2019-05-15 true Kenneth J Keber P00240883 5742323992 2017 2019-02-21 02:37:17Z Dr Richard Ludwick 3800 MONTROSE BOULEVARD HOUSTON TX 770064626 92587054 false X WWW.STTHOM.EDU X 1947 TX THE UNIVERSITY IS COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON. WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY. 35 34 1174 34 37967 -26197 18125361 14557148 70708817 72104127 1622687 1059607 890797 614454 91347662 88335336 21000700 23225232 0 40738681 38881920 0 1715796 20150195 22116564 81889576 84223716 9458086 4111620 230713634 237304390 37039383 33255691 193674251 204048699 X WE ARE THE UNIVERSITY OF ST. THOMAS, THE CATHOLIC UNIVERSITY IN THE HEART OF HOUSTON. WE ARE COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON BY PURSUING EXCELLENCE IN TEACHING, SCHOLARSHIP, AND SERVICE. WE EMBODY AND INSTILL IN OUR STUDENTS THE CORE VALUES OF OUR FOUNDERS; GOODNESS, DISCIPLINE, AND KNOWLEDGE. WE FOSTER ENGAGEMENT IN A DIVERSE, COLLABORATIVE COMMUNITY. AS A COMPREHENSIVE UNIVERSITY GROUNDED IN THE LIBERAL ARTS, WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY. false false 43956799 64448807 HIGHER EDUCATION INSTRUCTION AND SUPPORT SERVICES PROVIDED TO 2,047 UNDERGRADUATE STUDENTS AND 1,267 GRADUATE STUDENTS 23225232 23225232 STUDENT INSTITUTIONAL AID AND ASSISTANCE 2755739 4762051 AUXILIARY OPERATIONS; STUDENT HOUSING, DINING SERVICES, PARKING GARAGE, AND BOOKSTORE SERVICES 3602718 ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES 3602718 69937770 true true false true false false true false true true true false false false true false true true false true false false false true false false false true true true false false false false false false true false true false true false false false false true true true false false true 3978 0 true 1174 true true true false false false false true true true false false false X 35 34 false false false false false false false true true false false false true true true true true false true false X Spencer Conroy 7135256960 3800 MONTROSE BLVD HOUSTON TX 77006 DR HERBERT P EDMUNDSON JR Chair/ BOARD MEMBER 1.0 X X 0 0 0 MR CURTIS HUFF Vice Chair/ BOARD MEMBER 1.0 X X 0 0 0 MR ANDRIUS R KONTRIMAS Secretary/ BOARD MEMBER 1.0 X X 0 0 0 MS CECILIA ABBOTT BOARD MEMBER 1.0 X 0 0 0 MSGR JAMES ANDERSON BOARD MEMBER 1.0 X 55353 0 20947 REV EDWARD BAENZIGER BOARD MEMBER 1.0 X 0 0 0 HIS EMINENCE DANIEL CARDINAL DINARDO BOARD MEMBER 1.0 X 0 0 0 MR GEORGE GOOLSBY BOARD MEMBER 1.0 X 0 0 0 MS PAULA SAVAGE HANSEN BOARD MEMBER 1.0 X 0 0 0 MR RAYMOND A LEBLANC BOARD MEMBER 1.0 X 0 0 0 MR HARRY MACH BOARD MEMBER 1.0 X 0 0 0 MR GEORGE MARTINEZ BOARD MEMBER 1.0 X 0 0 0 REV JOSEPH PILSNER CSB BOARD MEMBER 1.0 X 0 0 0 REV THOMAS ROSICA CSB BOARD MEMBER 1.0 X 0 0 0 MR JOHN NIEMANN BOARD MEMBER 1.0 X 0 0 0 MR STANLEY PAUR BOARD MEMBER 1.0 X 0 0 0 REV STEPHEN REYNOLDS BOARD MEMBER 1.0 X 0 0 0 MS DENISE CASTILLO-RHODES BOARD MEMBER 1.0 X 0 0 0 MR JESSE TUTOR BOARD MEMBER 1.0 X 0 0 0 MR ROBERT CORRIGAN BOARD MEMBER 1.0 X 0 0 0 MR DENNIS MALLOY BOARD MEMBER 1.0 X 0 0 0 MS RUTH METZGER BOARD MEMBER 1.0 X 0 0 0 MR DANIEL GARCIA BOARD MEMBER 1.0 X 0 0 0 MS MARGIE HARRIS BOARD MEMBER 1.0 X 0 0 0 MR ROCKY LAI BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH CLEARY BOARD MEMBER 1.0 X 0 0 0 REV JAMES MURPHY BOARD MEMBER 1.0 X 0 0 0 MR MORRIS R CLARK BOARD MEMBER 1.0 X 0 0 0 MR MAURO FERRARI BOARD MEMBER 1.0 X 0 0 0 MR JOSEPH M GRAHAM BOARD MEMBER 1.0 X 0 0 0 MS SHELLEY GRAHMANN BOARD MEMBER 1.0 X 0 0 0 MR LARRY MASSEY BOARD MEMBER 1.0 X 0 0 0 MR CONNELLY MCGREEVY BOARD MEMBER 1.0 X 0 0 0 REV KEVIN STOREY BOARD MEMBER 1.0 X 0 0 0 REV CHRISTOPHER VALKA BOARD MEMBER 1.0 X 0 0 0 DR RICHARD LUDWICK UNIVERSITY PRESIDENT 40.0 0.5 X 155071 0 30463 DR DOMINIC AQUILA VICE PRESIDENT 40.0 X 203398 0 50646 MR GARY MCCORMACK VICE PRESIDENT 40.0 0.5 X 197950 0 51786 MS ELIZABETH CONDIC VICE PRESIDENT (through September 2017) 38.0 2.0 X 185867 0 35897 MS PATRICIA MCKINLEY VICE PRESIDENT 40.0 X 147446 0 21215 MR ARTHUR ORTIZ VICE PRESIDENT (beginning August 2017) 40.0 X 112980 0 21647 MR SPENCER C CONROY VICE PRESIDENT 40.0 0.5 X 36923 0 0 MR JEFF OLSEN VICE PRESIDENT (beginning November 2017) 40.0 X 10749 0 1348 MS KRISTIN BURCH VICE PRESIDENT (beginning December 2017) 40.0 X 4712 0 0 DR BEENA GEORGE DEAN-SCHOOL 40.0 X 187673 0 19929 DR HASSAN SHIRVANI FACULTY 40.0 X 150006 0 57141 DR JOHN LEAVINS FACULTY 40.0 X 139803 0 10921 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations 40.0 X 137009 0 27363 DR CHIEH-CHUNG UENG FACULTY 40.0 X 135347 0 12189 Dr Vinita Ramaswamy Associate Dean and Professor 40.0 X 134458 0 13274 MS CYNTHIA RILEY VICE PRESIDENT (through June 2017) X 135331 0 8859 DR ROBERT R IVANY PRESIDENT (THROUGH JUNE 2017) 0.0 X 328291 0 109751 2458367 0 493376 62 true true false Aramark 27310 Network Place Chicago IL 608731273 Dining Service Provider 1575435 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Consulting 522962 Swisher Contracting Services 2619 Morninglight Dr Houston TX 77084 Contractor 377821 Norton Rose Fulbright US LLP 1301 McKinney St Suite 5100 Houston TX 77010 Legal Services 339072 Felix Morales 12010 Hedgedown Dr Houston TX 77065 Construction Contractor 337765 7 X 973065 2500000 1775078 9309005 1575479 14557148 TUITION & FEES 900099 64448807 64448807 AUXILIARY OPERATIONS 900099 4052602 4052602 ENDOWMENT SUPPORT 900099 3602718 3602718 0 0 0 0 72104127 824329 37967 786362 41477 41477 0 0 4053894 3818616 235278 0 235278 235278 296630 973065 433102 -136472 -136472 Music Lesson Fees 900099 120463 120463 Student Club Fees 900099 37425 37425 International Students Fees 900099 51557 51557 500004 500004 0 0 709449 88335336 72813576 37967 926645 23225232 23225232 2245226 937347 1215667 92212 57160 57160 28619246 23594338 3980347 1044561 1161552 912361 204860 44331 4627061 4017937 375862 233262 2171675 1826000 259719 85956 156164 105223 50941 0 456446 26959 429487 40686 40686 452599 452599 4844283 4538520 302531 3232 233203 69071 103189 60943 1933759 1541909 292870 98980 1783052 1109915 672755 382 833 833 2651350 637847 2013503 1128258 1029580 90904 7774 688754 646402 42335 17 945103 819129 120821 5153 5048289 4030422 984781 33086 689747 58446 631301 Art School Tuition Expenses 144000 144000 REsident Hall Discounts 164609 164609 Employee Relations 81452 40767 37880 2805 recruitment 106811 51101 55710 567166 409822 154242 3102 84223716 69937770 12570150 1715796 1513775 3168838 7605781 6993961 13512194 9527829 904036 2780000 0 0 0 358246 314611 978190 481669 194566186 86251448 110366181 108314738 6827656 7633047 86883011 96269173 0 1764564 1820524 230713634 237304390 6806694 5751791 288222 181032 2132241 1938666 17429850 15958434 0 10382376 9425768 0 0 37039383 33255691 X 80948920 86182309 32519302 39992981 80206029 77873409 193674251 204048699 230713634 237304390 X 4111620 6284894 -22066 X false true X true true true X 21270388 27912947 14063193 16467365 14557148 94271041 0 0 21270388 27912947 14063193 16467365 14557148 94271041 8967761 85303280 2147421 2155318 1449039 1586508 865806 8204092 0 1679406 1486999 1665176 1844146 296630 6972357 109447490 347343256 0.7794 0.7834 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS FUNDRAISING REVENUE, COLUMN A - 796203.0, COLUMN B - 994916.0, COLUMN C - 996183.0, COLUMN D - 1844146.0, COLUMN E - 296630.0, COLUMN F - 4928078.0; DESCRIPTION - OTHER INCOME, COLUMN A - 883203.0, COLUMN B - 492083.0, COLUMN C - 668993.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 2044279.0; false false false false false false false false true 1270 1270 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University is a member of the National Association of Independent Colleges and the Independent Colleges & Universities of Texas. As a member of these organizations, the University pays dues with part of these dues being indirectly attributable to the lobbying fees paid by the organization. The University does not directly lobby. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University is a member of the National Association of Independent Colleges and the Independent Colleges & Universities of Texas. As a member of these organizations, the University pays dues with part of these dues being indirectly attributable to the lobbying fees paid by the organization. The University does not directly lobby. 1506190 X X X false 93314847 2765187 10342534 1549351 2054756 449797 102368664 81789073 7436594 8479746 1669339 2302143 419084 93314847 86629941 975349 -1919747 1455018 2006578 434874 81789073 88988164 2875321 -1569631 1334904 1930983 398026 86629941 78370500 2276108 11648818 1167931 1769939 369392 88988164 0.01 0.77 0.22 false false 18663018 18663018 125923400 41913920 84009480 26471097 23012495 3458602 23508671 21325033 2183638 108314738 ALTERNATIVE INVESTMENTS 96269173 F 96269173 0 X Schedule D, Part III, Line 4 Collections and relation to exempt purpose The University's art collection has been acquired over many years from a variety of sources. It is considered an enhancement to the overall ambiance of the campus and augments the educational experience of our students enrolled in art and art history. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S ART COLLECTION HAS BEEN COLLECTED OVER MANY YEARS FROM A VARIETY OF SOURCES. IT IS CONSIDERED AN ENHANCEMENT TO THE OVERALL AMBIANCE OF THE CAMPUS AND AUGMENTS THE EDUCATIONAL EXPERIENCE OF OUR STUDENTS ENROLLED IN ART AND ART HISTORY COURSES. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used according to donor restrictions. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University and UST Realty Company have received determination letters from the Internal Revenue Service of exemption from federal income tax under Section 501 (c)(3) of the Internal Revenue Code (IRC), and accordingly, no provision has been made for such taxes. Accounting standards generally accepted in the United States of America require that the University recognize the financial effects of a tax position in its consolidated financial statements, if that tax position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. Tax positions taken related to the University's tax-exempt status, the taxable income of unrelated business activities, and the deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by the University would more likely than not be sustained upon examination by taxing authorities. Accordingly, the University has not recorded an income tax liability for uncertain tax benefits. 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 THE UST HANDBOOK AND THE APPLICATION FOR ADMISSION, BOTH AVAILABLE ONLINE AT WWW.STTHOM.EDU, INCLUDE STATEMENTS THAT THE UNIVERSITY OF ST. THOMAS IS COMMITTED TO PROVIDING EDUCATIONAL OPPORTUNITIES AND MAKING ADMISSION DECISIONS WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, NATIONAL ORIGIN, DISABILITY OR VETERAN STATUS. FURTHER, ANY SUCH INFORMATION WILL BE USED IN A NON-DISCRIMINATORY MANNER CONSISTENT WITH ALL APPLICABLE LAWS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STUDENTS ATTENDING THE UNIVERSITY RECEIVE AID AND ASSISTANCE FROM BOTH FEDERAL AND STATE SOURCES ACCORDING TO APPLICABLE LAWS AND THE NEEDS OF THE INDIVIDUAL STUDENTS. true Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 26083 East Asia and the Pacific Program Services STUDY ABROAD 3795 Central America and the Caribbean Investments 6424570 0 0 0 0 0 0 6454448 0 6454448 true false false true false false Mardi Gras Ball 827239 625589 201650 265123 27481 22545 Irish Society Gala 355658 279858 75800 81117 11758 1 86798 67618 19180 11867 7875 5336 1269695 973065 296630 358107 7875 27481 39639 433102 -136472 true STUDENT AID & ASSISTANCE 2488 23225232 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. STUDENT INSTITUTIONAL AID AND ASSISTANCE IS AWARDED TO STUDENTS BASED ON MERIT AND/OR NEED AND IS APPLIED TO INDIVIDUAL STUDENT ACCOUNTS. THE UNIVERSITY'S OFFICE OF SCHOLARSHIPS AND FINANCIAL AID IS RESPONSIBLE FOR REVIEWING EACH STUDENT'S CUMULATIVE GRADE POINT AVERAGE AND OTHER MERIT BASED CRITERIA ALONG WITH A COMPLETED APPLICATION FOR STUDENT FEDERAL AID AND DETERMINES WHETHER A NEED LEVEL IS SUBSTANTIATED BY THE APPLICATION. THE AID AND ASSISTANCE PAYS FOR TUITION, FEES, ROOM AND BOARD, AND BOOKSTORE CHARGES. X X X true true X X X true true false false false false false false false DR RICHARD LUDWICK UNIVERSITY PRESIDENT 136795 0 0 0 18276 0 14324 0 16139 0 185534 0 0 0 DR DOMINIC AQUILA VICE PRESIDENT 201443 0 0 0 1955 0 11395 0 39251 0 254044 0 0 0 MR GARY MCCORMACK VICE PRESIDENT 194534 0 0 0 3416 0 12621 0 39165 0 249736 0 0 0 MS ELIZABETH CONDIC VICE PRESIDENT (through September 2017) 153485 0 0 0 32382 0 9646 0 26251 0 221764 0 0 0 MS PATRICIA MCKINLEY VICE PRESIDENT 142342 0 0 0 5104 0 8850 0 12365 0 168661 0 0 0 DR BEENA GEORGE DEAN-SCHOOL 185955 0 0 0 1718 0 17068 0 2861 0 207602 0 0 0 DR HASSAN SHIRVANI FACULTY 147068 0 0 0 2938 0 14623 0 42518 0 207147 0 0 0 DR JOHN LEAVINS FACULTY 135320 0 0 0 4483 0 10750 0 171 0 150724 0 0 0 MR HOWARD ROSE AVP for Capital Projects & Facilities Operations 133989 0 0 0 3020 0 12028 0 15335 0 164372 0 0 0 MS CYNTHIA RILEY VICE PRESIDENT (through June 2017) 135182 0 0 0 149 0 7438 0 1421 0 144190 0 0 0 DR ROBERT R IVANY PRESIDENT (THROUGH JUNE 2017) 268849 0 0 0 59442 0 102363 0 7388 0 438042 0 0 0 Schedule J, Part I, Line 1a FRINGE OR EXPENSE EXPLANATION THE BENEFITS LISTED IN LINE 1A WERE PROVIDED IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT CONTRACT AND ARE DEEMED APPROPRIATE CONSIDERING THE PRESIDENT'S ACTIVITIES WITH DONORS ACROSS THE COUNTRY AND WITH THE BOARD OF DIRECTORS, AND INCREASING THE UNIVERSITY'S VISIBILITY WITHIN THE HOUSTON METROPOLITAN AREA. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The president receives $4,000 per month for housing allowance. This amount was considered taxable and included in the president's W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment MS ELIZABETH CONDIC (VICE PRESIDENT) RECEIVED SEVERANCE PAYMENTS TOTALING $31,667 IN CALENDAR YEAR 2017. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Contributions into a 457(f) plan were made for the following individuals during calendar year 2017: DR. ROBERT IVANY $57,959 Dr. Richard Ludwick $6,063 A TRINITY HIGHER EDUCATIONAL FACILITY 742857169 896613AQ9 2012-11-15 16668682 REFUND BONDS ISSUED ON 10/16/2002 false false false A 3370000 16668682 317373 16351309 2012 true false true true A false false false false 0.0 false false false A false false false true false false false false false A false Schedule K, Part IV, Line 2c COLUMN A Issuer name: TRINITY HIGHER EDUCATIONAL FACILITY The calculation for computing no rebate due was performed on 10/20/2017 SEE PART V SEE PART V 143605 TUITION ASSISTANCE STUDENT FINANCIAL AID & ASSISTANCE L GALLAGHER SPOUSE OF BOARD MEMBER 37051 EMPLOYMENT false S CONDIC SPOUSE OF VICE PRESIDENT (OFFICER) 47400 EMPLOYMENT false Schedule L, Part III Grants or assistance benefiting interested persons PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK. X 28 1496864 Market value X Various auction items and other minor donations. 44 57615 Market value X PIANOS. 2 21000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number reported is the number of contributions. Other - Various auction items and other minor donations. The number reported is the number of contributions. Other - PIANOS. The number reported is the number of contributions. Form 990, Part I, Line 7a UNRELATED BUSINESS INCOME RECONCILIATION FORM 990-T PART I LINE 13 SHOWS UNRELATED BUSINESS INCOME IN THE AMOUNT OF $44,239. THIS AMOUNT INCLUDES DISALLOWED TRANSPORTATION FRINGE BENEFITS OF $6,272, WHICH IS NOT REFLECTED ON FORM 990 PART VIII COLUMN C OR ON FORM 990 PART I LINE 7A. AS A RESULT, FORM 990 PART VIII COLUMN C AND FORM 990 PART I LINE 7A ARE $37,967. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 3,602,718) ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL During the fiscal year ended 6/30/2017, the University engaged an external firm to assist in the national search for a new University President. This firm provided guidance to the University in arriving at an appropriate salary offer when an employment offer was extended to the new University President. In November 2018, a third party consultant specializing in executive compensation, Yaffee & Company, was engaged to conduct a comprehensive review of the University President's compensation. Market information was utilized to analyze the comparability and market competitiveness of the President's compensation. The information was provided to the Chair of the Board. Any changes in compensation resulting from the survey data provided were approved by the Board of Directors. This action was documented as part of the Board of Director's meeting. Because these compensation evaluations were conducted outside of the fiscal year ended 6/30/2018, this question has been answered "no" in accordance with the instructions to Form 990. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Officers of the Board of Directors, the Chair of any standing committee of the Board, the President of the Alumni Board, and the President. At least one member of the Executive Committee other than the President must be a member of the Basilian Fathers. During intervals between meetings of the full Board of Directors, the Executive Committee shall possess and may exercise all the powers and authority of the Board except those requiring an affirmative vote of two-thirds of those present and voting at a Board meeting. If the Executive Committee shall have occasion to act, it shall report its action for ratification at the first meeting of the Board after such action has been taken. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S AUDIT AND FINANCE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. AS THERE WERE DONORS WHO WISHED TO REMAIN ANONYMOUS, SCHEDULE B WAS NOT PROVIDED TO THE COMMITTEE NOR THE BOARD, BUT THE FULL COPY OF THE FORM 990 INCLUDING SCHEDULE B WAS REVIEWED IN DETAIL BY THE AUDIT AND FINANCE COMMITTEE CHAIR. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTEE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL AFFIRMATIONS THAT CONFLICTS DO NOT EXIST ARE REQUIRED TO BE MADE FOR BOARD MEMBERS, OFFICERS, AND CERTAIN KEY EMPLOYEES. IF ANY CONFLICTS ARE NOTED, THEY MUST BE SUFFICIENTLY EXPLAINED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING OR PARTICIPATING IN DISCUSSIONS REGARDING TOPICS WITH WHICH THEY MAY BE IN CONFLICT. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE OFFICE OF THE PRESIDENT. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE INDIVIDUAL, MARKET CONDITIONS, AND INDUSTRY STANDARDS. THE COMPENSATION LEVEL OF EACH VICE PRESIDENT'S POSITION IS EVALUATED EACH YEAR BY THE HEAD OF HUMAN RESOURCES WITH A MORE FORMAL EVALUATION, UTILIZING A THIRD-PARTY SPECIALIZING IN EXECUTIVE COMPENSATION, COMPLETED AS DEEMED NECESSARY. THE RESULTS ARE PROVIDED TO THE PRESIDENT FOR HIS REVIEW. This process was last undertaken during December 2017. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE TEXAS SECRETARY OF STATE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All other revenue - Total Revenue: 500004, Related or Exempt Function Revenue: 500004, 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 Change in value of split interest agreement - -22066; UST REALTY COMPANY 3800 MONTROSE BLVD HOUSTON TX 77006 205716703 REAL ESTATE TX 501(c)(3) Type I UST true false false true false false false false false false false true false false true true false true false false UST REALTY COMPANY C 2500000 FMV