2019-05-15T08:42:51-05:00 2018-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2017-07-01 020274509 SOUTHERN NEW HAMPSHIRE UNIVERSITY % LISA HEFFERNAN SOUT 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 KENNETH LEE CFO 6036269100 2019-05-13 true PAUL TANIS P01441612 6175305000 2019-05-09 155.201.188.33 04363820191355000000 2019-05-15 P 993E6359861A95AC7C0DC9DB7F39004646390AE8 5477481CA79227C5174834DE40144B170BD12694 2017 2019-02-21 02:37:17Z PAUL J LEBLANC 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 1222789173 false X WWW.SNHU.EDU X 1932 NH SEE SCHEDULE O 15 14 10302 16 -86502 1225161 6621517 10549227 677135761 782474418 3068948 7884870 3332054 5768326 690158280 806676841 52650964 59090067 0 0 290346310 331554980 0 0 1490813 251928944 283058703 594926218 673703750 95232062 132973091 644872669 817790774 288855134 332948855 356017535 484841919 X SEE SCHEDULE O false false 562166152 59090067 788075517 SEE SCHEDULE O 562166152 true true false true false false false true false true true true false false true true false true true true true false true false false false false true true true true false false false false false false false true true false true false false false false true true true false false true 143420 0 true 10302 true true true false false false false true true false false false false X 15 14 true false false false false false false true true false false true true true true true false true true false AK DC MD MA MI NH NY OR WA WI X LISA HEFFERNAN 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 03106 X Dr Paul J LeBlanc President/CEO 40.0 0.5 X X 1047257 0 42678 Mark A Ouellette '74 Trustee/Chairman 1.0 0.0 X X 0 0 0 Robert A Freese '89 Trustee/Secretary 1.0 0.0 X X 0 0 0 Janet Breslin-Smith Trustee (Through April 2018) 1.0 0.0 X 0 0 0 Howard Brodsky Trustee 1.0 0.0 X 0 0 0 Lisa Guertin Trustee 1.0 0.0 X 0 0 0 Andre Hawaux '92 Trustee 1.0 0.0 X 0 0 0 Winnie Lerner Trustee 1.0 0.0 X 0 0 0 Frederick Loeffler Trustee (through October 2017) 1.0 0.0 X 0 0 0 Lisa Marsh Ryerson Trustee 1.0 0.0 X 0 0 0 Arthur W Sullivan Trustee 1.0 0.0 X 0 0 0 Edward Wolak '74 Trustee 1.0 0.0 X 0 0 0 Peter R Worrell Trustee 1.0 0.0 X 0 0 0 Maribel Duran Trustee 1.0 0.0 X 0 0 0 Matt Greenfield Trustee 1.0 0.0 X 0 0 0 Ralph Richard Banks Trustee (as of October 2017) 1.0 0.0 X 0 0 0 Dr MaryEllen C McGuire Trustee (As of June 2018) 1.0 0.0 X 0 0 0 Joseph Sergi EVP Fin & Admin/CFO/Treasurer 40.0 0.0 X 483506 0 50035 R Yvette Clark Gen. 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Affairs & Communic. 40.0 0.0 X 246852 0 41859 Dr William Wil Zemp EVP & Chief Strategy Officer 40.0 0.0 X 282146 0 44912 Danielle Stanton EVP & Chief HR Officer 40.0 0.0 X 279828 0 44964 5995073 0 635296 258 true true false MEDIASSOCIATES INC 75 GLEN RD SANDY HOOK CT 06882 ADVERTISING 85109774 WHITING-TURNER CONTRACTING COMPANY 300 East Joppa Road TOWSON MD 21286 CONSTRUCTION 50433142 GOOGLE INC 1600 AMPITHEATREPKWY MOUNTAIN VIEW CA 94043 ADVERTISING 46824385 CONSIGLI CONSTRUCTION CO INC 266 SUMMER ST BOSTON MA 02210 CONSTRUCTION 17528395 CENTERFIELD MEDIA HOLDINGS LLC 855 N DOUGLAS ST EL SEGUNDO CA 90245 ADVERTISING 9647875 283 3035502 7513725 1410537 10549227 TUITION AND STUDENT FEES 611310 758834844 758834844 RESIDENCE AND DINING 611710 22399259 22399259 OTHER AUXILIARY ENTERPRISES 611710 1240315 1240315 782474418 3242583 -86502 3329085 1099032 1099032 0 655796 488569 167227 0 167227 167227 419114018 53000 415267968 355795 3846050 -302795 3543255 3543255 0 0 0 0 0 0 0 0 0 BAD DEBT RECOVERY 611710 1970722 1970722 STUDENT INSURANCE 611710 1169837 1169837 PERKINS REVENUE & CLOSEOUTS 611710 294883 294883 2165657 2165657 5601099 806676841 788075517 -86502 8138599 339902 339902 57091265 57091265 1658900 1658900 0 3399760 1084331 2315429 390059 390059 247433251 208744060 37502945 1186246 12081547 10172459 1851346 57742 50064920 48772605 1279864 12451 18185443 15667951 2437110 80382 0 397851 397851 440850 440850 0 0 838446 838446 23990011 19453232 4519642 17137 139067676 138331417 701860 34399 9350381 7578109 1764902 7370 27611728 6439674 21157322 14732 0 16452449 16419254 31516 1679 7013088 5130326 1815704 67058 0 1213085 890034 313725 9326 6791857 998582 5793275 0 16327932 12821365 3506567 2288012 1118595 1169417 BAD DEBT 20445875 20445875 FOOD AND BEVERAGE 4915389 4915389 LIBRARY DATABASES 2568910 2568910 CREDIT CARD FEES 2782476 117 2780102 2257 562687 1579616 -1016963 34 673703750 562166152 110046785 1490813 172645436 10988792 0 157214662 5111895 8063010 13730861 10261097 0 0 0 0 2593139 1842561 2618 2147 8232440 11974216 415589970 93912161 217753553 321677809 28545761 156828053 196256966 138048244 0 0 0 0 0 890183 644872669 817790774 55894568 73531396 2668648 1758288 18091034 19958806 211599902 207252582 0 0 0 0 0 0 0 0 600982 30447783 288855134 332948855 X 326426205 447946979 6461129 9488014 23130201 27406926 356017535 484841919 644872669 817790774 X 132973091 3883687 -327500 -7704894 X false true X true true true X 4142439 5311618 7817167 6621517 10549227 34441968 0 0 4142439 5311618 7817167 6621517 10549227 34441968 1086352 33355616 2145179 3313153 1071778 1473248 4997411 13000769 32633 7574 66524 106731 0 47549468 788075517 0.70149 0.00000 X false false false false false false true 615 false false 615 false false Part II-B Description University staff contributed to the drafting of a joint letter to the Senate HELP Committee, signed by five institutions including SNHU, urging legislators to expand the Higher Education Act's current direct assessment program provisions. 0 221151 X X false 29333198 4285951 2298986 807659 43190 35067286 23975222 3497448 3086720 1176803 49389 29333198 21811715 3960405 -1141166 599732 56000 23975222 19802869 2947475 -362155 530774 45700 21811715 16965325 1566654 2741916 882358 588668 19802869 0.02580 0.78160 0.19260 false false 13132581 13132581 249359723 46340649 203019074 21884886 11935319 9949567 48721269 30211969 18509300 82491511 5424224 77067287 321677809 ALTERNATIVE INVESTMENTS 100199559 F DEPOSITS WITH TRUSTEE 36874490 F INVESTMENT IN SUBSIDIARY 974195 C 138048244 0 STUDENT DEPOSITS AND AGENCY FUNDS 645730 CAPITAL LEASE OBLIGATION 29802053 30447783 PART III, LINE 4: THE UNIVERSITY MAINTAINS AN ART COLLECTION THAT SUPPORTS THE UNIVERSITY'S CURRICULA AND PROVIDES A SOURCE OF ENJOYMENT, ENLIGHTENMENT, AND BEAUTY FOR ALL WHO VISIT THE ART GALLERY AND CAMPUS. ARTISTIC WORKS FROM THE COLLECTION ARE ALSO AVAILABLE FOR LENDING TO OTHER INSTITUTIONS. PART V, LINE 4: THE UNIVERSITYS ENDOWMENT PROVIDES SCHOLARSHIPS TO STUDENTS AS WELL AS SUPPORT FOR ACADEMIC AND STUDENT PROGRAMS. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(A) OF THE IRC AND APPLICABLE STATE LAWS. THE UNIVERSITY BELIEVES IT HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 2: EXPLANATION OF STATEMENT OF NONDISCRIMINATION POLICY: SOUTHERN NEW HAMPSHIRE UNIVERSITY ("THE UNIVERSITY") INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN THE UNIVERSITY CATALOG AND ON THE UNIVERSITY'S WEBSITE ON ALL FINANCIAL AID AND SCHOLARSHIP RELATED PAGES. SCHEDULE E, LINE 3: THE UNIVERSITY CUSTOMARILY DRAWS ITS STUDENTS NATIONWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. THIS POLICY IS DISCLOSED ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, LINE 6: EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY receives Title IV funding from the U.S. Department of Education (including FSEOG and Pell Grants). true Central America and the Caribbean Investments 43995944 East Asia and the Pacific 1 Program Services Study Abroad 47400 East Asia and the Pacific 21 Program Services Consulting/Instruction 155519 Europe (Including Iceland and Greenland) 8 Program Services Study Abroad 875917 Europe (Including Iceland and Greenland) 28 Program Services Consulting/Instruction 338943 Europe (Including Iceland and Greenland) Investments 914987 Middle East and North Africa 3 Program Services Consulting/Instruction 11619 North America 17 Program Services Consulting/Instruction 1740202 South America 1 Program Services Study Abroad 17600 South Asia 11 Program Services Consulting/Instruction 1628955 Sub-Saharan Africa 3 Program Services Consulting/Instruction 164250 Sub-Saharan Africa Grantmaking Student Scholarships 1658900 93 93 51550236 51550236 STUDENT SCHOLARSHIPS AND FINANCIAL AID Sub-Saharan Africa 655 1658900 true false true true true true STUDENT SCHOLARSHIPS SCHEDULE F, PART I, LINE 2 & PART III, LINE 1 THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS THROUGH THE OFFICE OF FINANCIAL AID. THE OFFICE OF FINANCIAL AID MONITORS THE APPROPRIATENESS OF THE AWARDS AND THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT. true Palace Theater Trust 80 Hanover St Manchester NH 03101 237356019 501(c)(3) 11300 General support City Year New Hampshire 848 Elm St Ste 201 Manchester NH 03101 222882549 501(c)(3) 10000 General Support Families in Transition 122 Market St Mancester NH 03101 020475414 501(c)(3) 10000 General Support Girls at Work Inc 4 Elm St Manchester NH 03103 020522863 501(c)(3) 8000 General Support New America Foundation 740 15th St NW Washington DC 20005 522096845 501(c)(3) 189000 Fellowship Program 5 Scholarships 22589 57091265 SCHEDULE I, PART I, LINE 2: THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS THROUGH THE OFFICE OF FINANCIAL AID. THE OFFICE OF FINANCIAL AID MONITORS THE APPROPRIATENESS OF THE AWARDS AND THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT. X X X false true X X X X X true true false false false false false true false Dr Paul J LeBlanc President/CEO 826880 0 150000 0 70377 0 23850 0 18828 0 1089935 0 0 0 Joseph Sergi EVP Fin & Admin/CFO/Treasurer 273569 0 80000 0 129937 0 23850 0 26185 0 533541 0 0 0 Scott Durand SVP & ED, Workforce Ptnshps 275530 0 50000 0 83874 0 23850 0 24173 0 457427 0 0 0 Dr Gregory W Fowler President, SNHU Global Campus 284467 0 51100 0 75788 0 23850 0 8821 0 444026 0 0 0 Dr Patricia Lynott President, University College 280510 0 30000 0 21564 0 23850 0 9494 0 365418 0 0 0 R Yvette Clark Gen. Counsel/ Asst. Secretary 205721 0 20000 0 17744 0 19263 0 17599 0 280327 0 0 0 Amelia Manning Chief Operating Officer 446142 0 105000 0 75540 0 23850 0 24173 0 674705 0 0 0 James Kulesza Assistant Treasurer 127832 0 15000 0 2792 0 11830 0 24368 0 181822 0 0 0 Jamie James Chief Student Experience Off. 306192 0 0 0 75540 0 23850 0 24368 0 429950 0 0 0 Donald Brezinski SVP, Institutional Advancement 228623 0 20000 0 1141 0 20299 0 24173 0 294236 0 0 0 Kristine Clerkin Executive Director, CFA 35850 0 0 0 145451 0 12356 0 6458 0 200115 0 0 0 Elizabeth May SVP, Ext. Affairs & Communic. 213949 0 25000 0 7903 0 18545 0 23314 0 288711 0 0 0 Dr William Wil Zemp EVP & Chief Strategy Officer 224530 0 40000 0 17616 0 18727 0 26185 0 327058 0 0 0 Thomas Dionisio '76 EVP, Tech. & Transformation 281740 0 40000 0 21556 0 23850 0 1270 0 368416 0 0 0 Heather Lorenz Dean of Students 166467 0 18500 0 108205 0 14813 0 24290 0 332275 0 0 0 Danielle Stanton EVP & Chief HR Officer 221063 0 40000 0 18765 0 20674 0 24290 0 324792 0 0 0 PART I, LINE 1A: TRAVEL FOR COMPANIONS: OCCASIONALLY, THE UNIVERSITY WILL PAY FOR COMPANION AIR TRAVEL. SUCH PAYMENTS WERE INCLUDED IN ONE OFFICER'S TAXABLE INCOME IN THE CURRENT PERIOD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: ONE OFFICER WAS PROVIDED HOUSING AS PART OF HIS TAXABLE TOTAL COMPENSATION PACKAGE. ANOTHER OFFICER WAS PROVIDED A HOUSING ALLOWANCE THAT WAS ADDED TO HER TAXABLE TOTAL COMPENSATION PACKAGE. PERSONAL SERVICES: THE UNIVERSITY PROVIDES CERTAIN PERSONAL SERVICES TO ONE OFFICER AS SPECIFIED IN THE OFFICER'S EMPLOYMENT AGREEMENT. THE ACTUAL OR ESTIMATED COSTS OF SUCH SERVICES WERE INCLUDED IN THE OFFICER'S TAXABLE INCOME. PART I, LINE 1B: REIMBURSEMENTS ARE COVERED UNDER THE EMPLOYMENT CONTRACTS AND/OR THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE POLICY. PART I, LINE 4B: SCOTT DURAND, GREGORY FOWLER, AMELIA MANNING, AND JAMIE JAMES WERE AWARDED DEFERRED COMPENSATION OF $75,000 EACH IN DECEMBER 2015, PAID IN CALENDAR YEAR 2017. PART I, LINE 7: FOR OUTSTANDING SERVICE, CERTAIN INDIVIDUALS RECEIVED A BONUS, THE AMOUNTS OF WHICH ARE LISTED ON SCHEDULE J, PART II, COLUMN (B)(II). PART I, LINE 4A: TWO INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE 1A RECEIVED SEVERANCE PAYMENTS. JOSEPH SERGI RECEIVED SEVERANCE IN THE AMOUNT OF $75,192 AND KRISTIN CLERKIN IN THE AMOUNT OF $118,981. BOTH AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(iii) FOR BOTH RESPECTIVE INDIVIDUALS. A NHHEFA SERIES 2012 020279866 644614T25 2012-06-07 65204319 SEE PART VI false false false B NHHEFA SERIES 2014 020279866 000000000 2014-08-27 47279000 SEE PART VI false false false C NHHEFA SERIES 2016 020279866 6446145U9 2016-06-08 35429241 CONSTRUCTION false false false D NHHEFA SERIES 2017 020279866 64461XBD6 2017-06-07 55568307 CONSTRUCTION false false false A 3190000 0 65211538 5749603 2938863 0 694869 0 0 51006605 5300933 0 2017 false true true true B 3931000 0 47288054 0 0 0 341912 0 0 14888573 32057569 0 2018 true true true true C 755000 0 35429241 0 0 0 399774 0 0 34485673 0 674063 false false false true D 440000 0 55568307 0 0 0 192416 0 0 30057610 0 25318281 false false false true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 true true B false true false false true false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (C), BOND B: NHHEFA SERIES 2014 - BOND B IS PRIVATE PLACEMENT BOND AND IS NOT REQUIRED TO HAVE A CUSIP NUMBER. SCHEDULE K, PART I, COLUMN (F): (A) NHHEFA SERIES 2012 - ADVANCE REFUNDING OF BONDS SERIES 2003 AND CONSTRUCTION PROJECTS. (B) NHHEFA SERIES 2012 - ADVANCE REFUNDING OF BOND SERIES 2005, 2006, AND CURRENT REFUNDING OF BOND SERIES 2008 AND CONSTRUCTION PROJECTS. SCHEDULE K, PART II, LINE 3: (A) NHHEFA SERIES 2012 - THE ISSUE PRICE AND TOTAL PROCEEDS DIFFER BY INVESTMENT INCOME OF $486,554. (B) NHHEFA SERIES 2014 - THE ISSUE PRICE AND TOTAL PROCEEDS DIFFER BY INVESTMENT INCOME OF $134,421. (C) NHHEFA SERIES 2016 - THE ISSUE PRICE AND TOTAL PROCEEDS DIFFER BY INVESTMENT INCOME OF $130,269. (D) NHHEFA SERIES 2017 - THE ISSUE PRICE AND TOTAL PROCEEDS DIFFER BY INVESTMENT INCOME OF $489,654. SCHEDULE K, PART IV, COLUMN (A), LINE 2C: THE REBATE COMPUTATION WAS PERFORMED ON JUNE 7, 2018. COLLIN GILLENWATER SON OF KEY EMPLOYEE 101216 COMPENSATION-COLLEGE PROFESSOR false JAMES SMITH SPOUSE OF TRUSTEE 278677 COMPENSATION-DEAN OF CETA false PATRICIA FINDLEN SPOUSE OF OFFICER 10167 COMPENSATION-ADJUNCT PROFESSOR false PAUL LEBLANC OFFICER 650000 PURCHASE OF REAL ESTATE false X 2 1110537 FMV X Cryptocurrency 1 300000 FMV 0 false true true Schedule M, Line 32a In Fiscal Year 2018 the University received a gift of cryptocurrency worth $300,000. The University immediately sold the cryptocurrency upon receipt by using a digital trading group company. The costs required to sell the cryptocurrency were paid by the donor. FORM 990, PART I, LINE 1 AND PART III, LINE 1: Southern New Hampshire University transforms the lives of students. Our success is defined by our students' success. By relentlessly challenging the status quo and providing the best support in higher education, Southern New Hampshire University expands access to education by creating high quality, affordable and innovative pathways to meet the unique needs of each and every student. FORM 990, PART III, LINE 4A: INSTRUCTION AND STUDENT SERVICES: SOUTHERN NEW HAMPSHIRE UNIVERSITY ("THE UNIVERSITY") IS A PRIVATE, COEDUCATIONAL INSTITUTION. ENROLLMENT CONSISTS OF APPROXIMATELY 2,918 TRADITIONAL UNDERGRADUATE DAY STUDENTS IN THE MANCHESTER, NH CAMPUS; 1,190 STUDENTS IN ON-CAMPUS GRADUATE PROGRAMS; 124,192 GRADUATE AND UNDERGRADUATE STUDENTS IN DISTANCE EDUCATION; 6,672 STUDENTS IN THE COLLEGE FOR AMERICA COMPETENCY-BASED EDUCATION PROGRAMS AND 2,907 STUDENTS IN THE HIGH SCHOOL DUAL ENROLLMENT PROGRAMS AND CERTIFICATE PROGRAMS. THE UNIVERSITY OFFERS OVER 35 CERTIFICATE PROGRAMS IN A VARIETY OF FIELDS. THE UNIVERSITY OFFERS 12 ASSOCIATE'S DEGREE PROGRAMS IN ACCOUNTING, CULINARY ARTS, INFORMATION TECHNOLOGY, DIGITAL PHOTOGRAPHY, FASHION MERCHANDISING, HEALTHCARE MANAGEMENT, LIBERAL ARTS, CRIMINAL JUSTICE, JUSTICE STUDIES AND BUSINESS-RELATED FIELDS. BACHELOR'S DEGREES ARE OFFERED IN MORE THAN 70 AREAS OF BUSINESS, EDUCATION, HEALTHCARE, NURSING, MATHEMATICS, INFORMATION TECHNOLOGY, COMPUTER SCIENCE, LIBERAL ARTS, SOCIAL SCIENCE, ENGINEERING, AIR TRAFFIC MANAGEMENT, AVIATION MANAGEMENT, CONSTRUCTION MANAGEMENT AND OTHERS. MASTERS DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, ACCOUNTING, BUSINESS DISCIPLINES, DATA ANALYTICS, CYBER SECURITY, INFORMATION TECHNOLOGY, CLINICAL MENTAL HEALTH COUNSELING, FINE ARTS, EDUCATION, HEALTHCARE, NURSING AND SEVERAL LIBERAL ARTS DISCIPLINES. DOCTORAL DEGREES OFFERED INCLUDE AN ED.D. IN EDUCATIONAL LEADERSHIP AND A PH.D. IN INTERNATIONAL BUSINESS. THE UNIVERSITY ALSO OFFERS A WIDE VARIETY OF SERVICES TO ITS STUDENTS TO MAXIMIZE THE EDUCATIONAL EXPERIENCE. SERVICES INCLUDE ATHLETICS, RESIDENTIAL LIFE, COUNSELING AND WELLNESS, DINING, DIVERSITY, INTRAMURALS AND RECREATION, PUBLIC SAFETY AND DISABILITY SERVICES, AMONG OTHERS. FORM 990, PART VI, SECTION A, LINE 1A: AT EACH ANNUAL MEETING OF THE BOARD, THE BOARD SHALL ELECT AN EXECUTIVE COMMITTEE OF NOT LESS THAN THREE (3) TRUSTEES TO ACT IN ITS STEAD BETWEEN MEETINGS OF THE FULL BOARD. ELECTION OF THE COMMITTEE SHALL BE FROM THOSE NOMINATED BY THE BOARD CHAIR OR THOSE NOMINATED BY THE BOARD AT THE MEETING. EACH MEMBER OF THE BOARD SHALL HAVE ONE VOTE FOR EACH POSITION AND THOSE RECEIVING THE GREATEST NUMBER OF VOTES SHALL BE ELECTED. THERE SHALL BE NO CUMULATIVE VOTING. Form 990 Part VI, Section A, Line 2: Paul J. LeBlanc and Winnie Lerner both serve on the board of Motivis Learning Systems, Inc. Frederick Loeffler and Winnie Lerner have a family relationship. FORM 990, PART VI, SECTION B, LINE 11: THE DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. AFTER ANY RECOMMENDED CHANGES, THE FORM 990 IS THEN MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C: IT IS THE POLICY OF THE UNIVERSITY THAT CONFLICTS OF INTEREST BETWEEN THE UNIVERSITY AND ITS TRUSTEES, OFFICERS AND EMPLOYEES BE AVOIDED AND THAT PECUNIARY BENEFIT TRANSACTIONS BE DISCLOSED AND APPROVED BY THE BOARD. THE UNIVERSITY FOLLOWS ALL STATUTORY REQUIREMENTS OF THE FEDERAL AND STATE LAWS WHICH APPLY TO THE UNIVERSITY, INCLUDING THE PROVISIONS OF RSA 7:19-A AS THE SAME MAY BE AMENDED FROM TIME TO TIME. ALL POTENTIAL CONFLICTS OR PECUNIARY BENEFIT TRANSACTIONS AS DEFINED BY SAID STATUTE SHALL BE REPORTED TO THE BOARD AND ACTED UPON BY IT AS REQUIRED BY LAW, AND NO PERSON SHALL VOTE OR BE PRESENT FOR THE ACTION BY THE BOARD IN RELATION TO ANY SUCH MATTER INVOLVING THAT PERSON. ADDITIONALLY, THE BOARD AND LEADERSHIP TEAM ARE SURVEYED ANNUALLY ABOUT ANY POTENTIAL CONFLICTS AND DISCLOSURES, AND, IF ANY ARISE, THEY ARE REVIEWED. FORM 990, PART VI, SECTION B, LINE 14: CERTAIN DEPARTMENTS HAVE DOCUMENT RETENTION AND DESTRUCTION POLICIES; HOWEVER, THE UNIVERSITY DOES NOT HAVE A COMPREHENSIVE POLICY THAT HAS BEEN APPROVED BY THE BOARD OR AN AUTHORIZED COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15: FOR FISCAL YEAR 2018, COMPENSATION OF THE PRESIDENT, OTHER OFFICERS (WITH THE EXCEPTION OF THE ASSISTANT TREASURER) AND THE KEY EMPLOYEES WAS SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION OF THE ASSISTANT TREASURER WAS SET USING THE STANDARD METHOD THE UNIVERSITY USES FOR OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18: THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: The University makes its governing documents and conflict of interest policy available upon request. The University also makes its financial statements available upon request. FORM 990, PART XI, LINE 9: Elimination of Consolidated Subsidiary Net Loss from Operations ($7,704,894) Rethink Education Seed LP 707 Westch Av White Plains NY 10604 821003288 Educational Tech NY Excluded under 512 -157610 3525723 false 0 false 0.66667 MOTIVIS LEARNING SYSTEMS INC 25 PELHAM RD STE 204 SALEM NH 03079 471039010 SOFTWARE SALE DE SNHU C CORP 468529 1946372 1.00000 true SPLIT INTEREST TRUSTS (3) SUPPORT NH SNHU TRUST true false true false false false false false false false false false false false false false false false false false Motivis Learning Systems Inc B 6006687 CASH Rethink Education Seed LP B 3849999 CASH