2019-05-14T08:27:02-05:00 2018-06-30 135565207 KPMG LLP 300 North Greene Street Greensboro NC 27401 990 2017-07-01 591083502 Nova Southeastern University Inc NOVA 9542625258 3301 College Avenue Fort Lauderdale FL 33314 George L Hanbury IIPhD President and CEO 9542627500 2019-05-13 1 Whitney E Blair P01226647 3362753394 137.52.20.244 2019-05-13 10:41:51 ED P 215E1789314B2607AA0D05A29412175CE1AF1DE3 215E1789314B2607AA0D05A29412175CE1AF1DE3 2017 2019-02-21 02:37:17Z Nova Southeastern University George L Hanbury IIPhD 3301 College Avenue Fort Lauderdale FL 33314 1151308224 0 X www.nova.edu X 1964 FL Nova Southeastern University's primary activity is to provide educational services. See Part III. 26 22 9021 1964 4986783 -372126 43366741 106572069 620473903 632157413 8500470 22149324 4289294 4582411 676630408 765461217 62502756 69777174 0 0 366852011 370126922 150143 46795 4103715 222811910 234846116 652316820 674797007 24313588 90664210 1326129655 1441984594 563892301 589282449 762237354 852702145 X The mission of Nova Southeastern University, a private, not-for-profit institution, is to offer a diverse array of innovative academic programs that complement on-campus educational opportunities and resources with accessible, (continued on Schedule O) distance-learning programs to foster academic excellence, intellectual inquiry, leadership, research, and commitment to community through engagement of students and faculty members in a dynamic lifelong learning environment. 0 0 285445851 45006606 548301608 Instructional Services: Nova Southeastern University (NSU) offers undergraduate degrees, graduate and first professional degrees, and certificate programs to more than 20,000 full-time and part-time students in a wide range of fields, including the humanities, biological and environmental sciences, business, counseling, computer and information sciences, conflict resolution, education, family therapy, medicine, dentistry, various other health professions, law, marine science, performing and visual arts, psychology, and other social sciences. Courses are taught at 4 South Florida campuses; 8 regional campus locations, including Puerto Rico; and at sites in 13 states, as well as foreign countries. (continued on Schedule O)NSU has 18 colleges and schools: Abraham S. Fischler College of Education; College of Arts, Humanities, and Social Sciences; College of Dental Medicine; College of Engineering and Computing; College of Medical Sciences; College of Optometry; College of Pharmacy; College of Psychology; Dr. Kiran C. Patel College of Allopathic Medicine; Dr. Kiran C. Patel College of Osteopathic Medicine; Dr. Pallavi Patel College of Health Care Sciences; Farquhar Honors College; H. Wayne Huizenga College of Business and Entrepreneurship; Halmos College of Natural Sciences and Oceanography; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; Mailman Segal Center for Human Development; and the NSU University School.Fiscal year 2018 brought significant milestones in academic initiatives. In 2018, for the second year in a row, U.S. News & World Report ranked NSU on its list of the nation's Top 200 Best Colleges. In January, the magazine also recognized three NSU online programs as being among the nation's best. In December 2017, the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) reaffirmed NSU's accreditation for another 10 years. NSU welcomed its largest, and most highly academically qualified, undergraduate class in fall 2017. The Dr. Kiran C. Patel College of Allopathic Medicine, created in fiscal 2016 to help meet the growing need for physicians regionally and nationally, received preliminary accreditation by the Liaison Committee on Medical Education (LCME), the organization that accredits M.D. programs in the United States and Canada. This is a significant milestone that allows the new medical school to accept an inaugural class of 50 students into its Doctor of Medicine (M.D.) program for the fall 2018 term. NSU is now one of only three universities in the United States with two medical colleges. On January 3, 2018, the university announced that the Dr. Kiran C. Patel College of Osteopathic Medicine received approval from the Commission on Osteopathic College Accreditation (COCA) for a class of 150 students to begin studying at an additional site leased by NSU in Clearwater, Florida, in the fall of 2019. 89274265 21748 6736445 Academic Support: Programs include the NSU library system, computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. The university library system is composed of the Alvin Sherman Library, Research, and Information Technology Center; the Health Professions Division Library; the Law Center Library; the Oceanography Library; and the NSU University School Media Center. The 325,000-square-foot Alvin Sherman Library, Research, and Information Technology Center is a joint-use facility with the Broward County Board of County Commissioners. The facility contains electronic classrooms, group-study rooms, a large collaborative study room, a cafe, and service desks with staff trained and ready to serve library users. 59177584 384595 40230801 Auxiliary Enterprises: The Health Professions Division has outpatient facilities that provide medical, dental, optometry, pharmacy, occupational therapy, and physical therapy services, as well as audiology and hearing and balance services. In addition, there are seven residence halls on the main campus, with a capacity for housing nearly 1,500 students. The Don Taft University Center is a state-of-the-art, 366,000-square-foot facility that features three NCAA competition courts in the main arena, as well as two intramural courts, group fitness and instruction rooms, cardio and weight training areas, squash courts, a rock climbing wall, and The Flight Deck (student lounge). (continued on Schedule O)The Performing and Visual Arts Wing of the Don Taft University Center houses the college's Division of Performing and Visual Arts and includes state of the art classrooms and facilities that support the division's art, dance, music, and theatre majors. 140230069 24364225 36888559 Nova Southeastern University goes beyond its primary mission by reaching out to the community with diverse service programs and community-based research. NSU is 1 of only 311 colleges and universities nationally selected for the Carnegie Foundation's Community Engagement Classification, and 1 of only 50 colleges and universities to hold both community engaged and high research activity designations.NSU delivers tangible benefits, including junior kindergarten through doctoral education, physical infrastructure, a professional workforce, employment opportunities, delivery of health care and law services in Broward and Miami-Dade counties, lifelong learning options, community-service initiatives, and public access to cultural and scholarly experiences. NSU continues to grow its academic and scientific research activities. More than 200 research projects are currently under way at NSU, including studies on cardiovascular disease, anti-cancer therapies, chronic fatigue syndrome, autism, coral reef restoration, stem cells, and wildlife DNA forensics, among other subjects. The Center for Collaborative Research (CCR) consists of 215,000 square feet of research and collaborative spaces. This project is registered with the U.S. Green Building Council (USGBC) and is the first NSU facility to achieve a LEED certification level of Gold. The facility houses core facilities including Genomics, Flow Cytometry, Cell Therapy and Imaging. The CCR is expected to bring multiple disciplines together, with students and NSU faculty members partnering with professionals and organizations outside of the NSU community-furthering cutting-edge research and developing technologies that will benefit the global community. 140230069 24364225 36888559 574127769 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 1 1 1 1 0 0 1 28835 0 1 9021 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 26 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN OR MA MI NY SC X Alyson Silva VP of Finance & CFO 9542625258 3301 College Avenue Fort Lauderdale FL 33314 Ronald G Assaf Chair 1.00 0.10 X 0 0 0 Walter L Banks Sr Trustee 1.00 0.00 X 0 0 0 Mitchell W Berger Trustee 1.00 0.00 X 0 0 0 Rick Case Trustee 1.00 0.00 X 0 0 0 R Douglas Donn Trustee 1.00 0.00 X 0 0 0 Arthur J Falcone Trustee 1.00 0.00 X 0 0 0 Silvia Flores Trustee 1.00 0.00 X 0 0 0 Steven J Halmos Trustee 1.00 0.00 X 0 0 0 Carol Harrison Kalagher Trustee 1.00 0.00 X 0 0 0 Susanne Hurowitz Trustee 1.00 0.00 X 0 0 0 Mike Jackson Trustee 1.00 0.00 X 0 0 0 Milton L Jones Jr Trustee 1.00 0.00 X 0 0 0 Barbara Trebbi Landry Trustee 1.00 0.00 X 0 0 0 Alan B Levan Trustee 1.00 0.00 X 0 0 0 Nell McMillan Lewis Trustee 1.00 0.00 X 0 0 0 Albert J Miniaci Trustee 1.00 0.00 X 0 0 0 Samuel F Morrison Secretary 1.00 0.00 X X 0 0 0 Anthony N Ottaviani Trustee 1.00 1.00 X 25000 0 0 Charles L Palmer Trustee 1.00 0.00 X 0 0 0 Kiran C Patel Trustee 1.00 0.00 X 0 0 0 Martin R Press Trustee 1.00 0.00 X 0 0 0 Paul M Sallarulo Trustee 1.00 0.00 X 0 0 0 Barry J Silverman Vice Chair 1.00 0.10 X 0 0 0 J Kenneth Tate Trustee 1.00 0.10 X 0 0 0 Zachariah P Zachariah Trustee 1.00 0.00 X 0 0 0 Michael Zager Trustee 1.00 0.00 X 0 0 0 George L Hanbury II PhD President/Chief Executive Officer 37.50 0.10 X X 1128611 0 47085 Frederick Lippman Interim Exec VP & COO 37.50 1.20 X 513650 0 28334 Ralph Rogers Provost/Exec VP of Academic Affairs 37.50 0.00 X 398192 0 45434 Stanley Wilson Dean - Coll. of Health Care Sciences 37.50 0.00 X 193296 0 36166 Irving Rosenbaum Interim Chancellor HPD 37.50 0.00 X 249135 0 30577 Thomas L West VP Information Technology / CIO 37.50 0.00 X 408050 0 65688 Ray Ferrero University Chancellor 37.50 0.00 X 441495 0 47683 Johannes G Vieweg Dean - Coll. Of Allopathic Medicine 37.50 0.00 X 556951 0 47529 H Thomas Temple Sr VP - Research & Economic Dev. 37.50 0.00 X 575605 0 44726 Elaine Wallace Dean - Coll. of Osteopathic Medicine 37.50 0.00 X 379715 0 38064 Jacqueline A Travisano Former Officer 37.50 0.00 X 202998 0 40576 Francis A DePiano Former Key Employee 37.50 0.00 X 224239 0 31969 5296937 0 503831 643 1 1 0 TCB Systems Inc PO BOX 960786 Miami FL 33296 Janitorial 9786636 Chartwells PO BOX 50196 Los Angeles CA 90074 Food Services 7099853 Panza Maurer & Maynard PA 2400 E Commercial Blvd Ste 905 Ft Lauderdale FL 33308 Legal 5222366 Gerrits Construction Inc 8177 Glades Road Ste 206 Boca Raton FL 33434 Construction 3935034 Grycon LLC 4101 Ravenswood Rd Ste 325 Dania Beach FL 33312 Construction 3795835 103 X 471371 338786 25749824 80012088 106572069 Tuition and Fees 611710 577286070 577286070 Auxiliary Operation 611710 40280531 25941289 14339242 14590812 14587587 3225 632157413 18528107 17506 18510601 326349 274111 52238 52238 52238 387561085 5000 383928520 16348 3632565 -11348 3621217 3621217 249254 471371 903992 -654738 -654738 1530505 724036 806469 173232 633237 Grande Oaks LLC 713910 4378442 45627 4332815 4378442 765461217 618033805 4986783 35868560 5415599 5415599 64361575 64361575 2753163 1326107 1261866 165190 51310 51310 294006650 256799904 35833427 1373319 19185050 16729675 2360357 95018 33439390 29098681 4163983 176726 20691359 17999411 2581612 110336 7444021 637331 6806690 843516 30779 812737 997225 997225 46795 46795 544239 544239 23465198 20016546 3209077 239575 9207689 3530198 5594999 82492 29580182 22904941 6302263 372978 12572911 11000528 1484019 88364 52925069 44545062 8253192 126815 6045157 5110951 884691 49515 2416059 2056556 291808 67695 14193150 12303555 1812633 76962 38003968 33133095 4665700 205173 11402092 7591371 3804362 6359 Special Promotions 5305977 3425788 1153569 726620 Bad Debt Expense 4591603 3662579 928804 220 Small Equipment 4500541 4286659 177893 35989 Dues and Membership 1802733 922666 875996 4071 9004786 7238212 1764381 2193 674797007 574127769 96565523 4103715 8448844 34405707 24084728 37700428 29970393 80303665 18583664 22633309 8136067 7596480 1401252 904980 7618497 6630805 1335607751 453586291 875260265 882021460 293520565 318509430 27953528 25307154 31151852 25971176 1326129655 1441984594 41988935 55337960 74903769 77709359 387752854 377800152 6701755 6280702 52544988 72154276 563892301 589282449 X 648539636 671967292 65853940 95782066 47843778 84952787 762237354 852702145 1326129655 1441984594 90664210 -199419 0 X 0 1 X 1 1 1 X 44294507 49098811 47874466 43366741 106572069 291206594 44294507 49098811 47874466 43366741 106572069 291206594 50433189 240773405 6894628 8212141 8750566 8504133 18854456 51215924 342422518 3116984782 0.70310 0.85280 X 0 0 0 0 0 0 1 997225 0 0 997225 0 Part II-B, Line 1: The University has hired professional consultants that have engaged in direct lobbying. These consultants work on Nova Southeastern University's behalf meeting or calling on government officials or legislators requesting support for specific projects and programs regarding higher education, research funding and other legislation which could impact the University. X X X X 0 117805966 38638012 8588837 2417791 1470448 161144576 104544405 4758886 12763778 1934811 2326292 117805966 102731211 7212400 -1607095 1567725 2224386 104544405 95430373 9001789 1591752 1043076 2249627 102731211 81063609 5545231 12008869 1060095 2127241 95430373 0.30000 0.52000 0.18000 0 0 296745 73721787 74018532 841076510 215159738 625916772 35831340 29774356 6056984 170175971 97881468 72294503 214505398 110770729 103734669 882021460 Other Current Liabilities 36503963 Accrued Insurance 9511620 Grande Oaks Other LT Liabilities 4296723 Current Student Deposit 4660016 Long Term Refundable Perkins 4909743 Deferred Rent Liability 2277008 Other Long Term Liabilities 6754436 LT Refundable DHHS Liability 3240767 72154276 X Part III, Line 1a: The NSU Art Museum Fort Lauderdale acquires art for its collection through purchase or gift. As permitted by SFAS 116 (ASC 958), accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection. Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities separately from revenues and expenses. Part III, Line 4: Nova Southeastern University operates the NSU Art Museum Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. Part V, line 1g Col (a): The amounts listed in Part V, Line 1g, include endowment-related pledges receivable. As of June 30, 2018 endowment-related pledges receivable totaled $41.4 million. Part V, Line 4: The University's endowment consists of approximately 333 individual endowments established for a variety of purposes. The University considers the following factors in making a determination to appropriate or accumulate donor restricted funds: a) the purposes of the institution b) the intent of the donors of the endowment fund c) the terms of the applicable instrument d) the long and short term needs of the institution e) general economic conditions f) possible effects of inflation or deflation g) the other resources of the institution h) perpetuation of the endowment Part X, Line 2: Accounting for Uncertainty in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2018 and 2017. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 See Part II Line 3 - Explanation of Nondiscrimination Policy: Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX, and the Florida Civil Rights Act), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation (including identity and expression), military service, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation (including identity and expression), military service, veteran status, political beliefs or affiliations, and activities generally accorded or made available to students at NSU and does not discriminate in the administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school administered programs. Line 6 - Explanation of Government Financial Aid: Students receive financial aid from the federal government. State aid is provided through grants. North America 1 2 Program Services Academic Studies 65757 South America 1 1 Program Services Academic Studies 74727 Europe 1 0 Program Services Academic Studies 38781 Central America/Caribbean 1 0 Program Services Academic Studies 124794 Central America/Caribbean Investments 12261043 4 3 0 0 4 3 12565102 0 12565102 1 0 1 0 1 0 Part I, line 3: The amounts reported in column (f) include primarily the direct expenditures for the regions listed, recorded on the accrual method of accounting. X X X X X X X 1 Ruffalo Noel Levitz LLC 1025 Kirkwood Parkway SW Cedar Rapids IA 52406 Design, manage, run Phonathon 0 13867 17511 -3644 Grenzebach Glier & Associates Inc 401 North Michigan Avenue Ste 2800 Chicago IL 60611 Consult/assist development of fundraising campaign 0 0 29284 -29284 13867 46795 -32928 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NJ Golf Classic 360835 203488 157347 0 0 10452 66681 35038 77388 Fishing Tournament 152490 126891 25599 0 0 0 0 600 62771 3 207300 140992 66308 0 0 432150 124876 19475 74561 720625 471371 249254 442602 191557 55113 214720 903992 -654738 Schedule G, Part 1, Line 2b, Column (v) Ruffalo Noel Levitz, LLC - The contract between Nova Southeastern University and Ruffalo Noel Levitz, LLC provides for billing professional fundraising fees separate from fundraising expenses such as printing letters, postage, shipping, etc. The total amount paid to Ruffalo Noel Levitz, LLC during the fiscal year ended June 30, 2018 was $17,511 of which there were no fundraising expenses. Grenzebach Glier and Associates - The total amount paid to Grenzebach Glier and Associates during the fiscal year ended June 30, 2018 was $38,681 which included professional fundraising fees of $29,284 and expenses of $9,396. The contract between Nova Southeastern University and Grenzebach Glier and Associates calls for the reimbursement of travel related fundraising expenses such as airfare and hotel, which are invoiced separately. Grenzebach Glier and Associates provides consulting services for Nova Southeastern University's overall fundraising program including the recent "Realizing Potential" campaign. 1 Baylor College of Medicine PO Box 301207 Dallas TX 75303 741613878 501(C)(3) 16927 subcontract Broward College Creek Administrative Center 6400 NW 6 Way Fort Lauderdale FL 33309 591216107 govt 139093 subcontract Broward Community & Family Health C 5010 Hollywood Blvd Suite 100 B Hollywood FL 33021 593489664 501(C)(3) 57428 subcontract Caridad Center 8645 W Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 33844 subcontract Carnegie Mellon 5000 Forbes Avenue Pittsburg PA 15213 250969449 501(C)(3) 19371 subcontract Case Western Reserve University 10900 Euclid Ave Cleveland OH 44106 341018992 501(C)(3) 6964 subcontract Central Florida Ahec Inc 328 S Central Ave Apopka FL 32703 593050122 501(C)(3) 1191781 subcontract Devereux Florida 5850 TG Lee Blvd Ste 400 Orlando FL 32882 231390618 501(C)(3) 33905 subcontract Emory University 1462 Clinton Rd Atlanta GA 30322 580566256 501(C)(3) 80365 subcontract Everglades Ahec 5725 Corporate Way Ste 102 West Palm Beach FL 33407 592740558 501(C)(3) 1095989 subcontract Fl Fish & Wildlife Conservation Com PO BOX 6150 Tallahasse FL 32314 593277808 501(C)(3) 16524 subcontract Florida Atlantic University 777 Glades RD Boca Raton FL 33431 650385507 govt 429058 subcontract Florida State University Dept of Biological Science Tallahassee FL 32306 591961248 govt 6657 subcontract Louisiana State University Accounting Services Sponsored Program Accounting Baton Rouge LA 70803 726000848 govt 25583 subcontract Meta Media Training Intl Inc 5100 Buckeystown Pike Ste 200 Frederick MD 21704 522236176 other 86986 subcontract Rochester General Hospital 100 Kings Hwy South Rochester NY 14617 160743134 501(C)(3) 510304 subcontract Sigma Educational Services LLC 123 West Rouelle Mandeville LA 70471 262909755 501(C)(3) 54322 subcontract South Florida Autism Charter School 18305 NW 75th Place Hialeah FL 33015 263880489 501(C)(3) 20000 subcontract South Florida VA Foundation 1201 NW 16st Rm 2A106 Miami FL 33125 650207903 501(C)(3) 210938 subcontract Tri-State Maritime Safety Assn 425 Carl Miller Blvd Camden NJ 08104 223661801 501(C)(3) 58621 subcontract University of Miami PO Box 405803 Atlanta GA 30384 590624458 501(C)(3) 6623 subcontract Cornell University PO Box 22 Ithaca NY 14851 150532082 501(C)(3) 21411 subcontract Florida Atlantic University PO Box 198659 Atlanta GA 30383 650385507 govt 123729 subcontract Florida International University 470 11200 SW 8th St Miami FL 33199 650177616 govt 134900 subcontract San Antonio Zoo 3903 N St Marys St San Antonio TX 78212 741323695 501(C)(3) 34141 subcontract Texas A&M Univ at Galveston 400 Harvey Mitchell Pkwy S Ste 300 College Station TX 77845 742125225 govt 408530 subcontract University of South Florida 4202 E Fowler Avenue Tampa FL 33620 593102112 govt 222387 subcontract US Naval Research Laboratory 4555 Overlook Ave SE Bldg 222 RM 217 Washington DC 20375 530197019 govt 27775 subcontract Junior Achievement of South Florida 1130 Coconut Creek Blvd Coconut Creek FL 33066 590871446 501(C)(3) 180000 contribution United Way Of Broward County Inc 1300 S Andrews Avenue Ft Lauderdale FL 33316 590624402 501(C)(3) 45000 contribution Jason Taylor Foundation Inc-JTF 1575 NorthPark Drive Weston FL 33326 201452369 501(C)(3) 15000 contribution Greater Ft Lauderdale Chamber of Co PO Box 6222 Indianapolis IN 46204 440667264 501(C)(3) 10250 contribution Winterfest Inc 512 NE 3 Avenue Ft Lauderdale FL 33301 650059092 501(C)(3) 10000 contribution Urban League of Broward County 560 NW 27 Avenue Ft Lauderdale FL 33311 591564384 501(C)(3) 10000 contribution Volunteer Florida Foundation Inc 401 S Monroe Street Tallahassee FL 32301 010973168 501(C)(3) 9625 contribution Greater Houston Community Foundation 4550 Post Oak Place Drive 100 Houston TX 77027 237160400 501(C)(3) 9625 contribution Dan Marino Foundation Inc 400 N Andrews Avenue Ft Lauderdale FL 33301 650320556 501(C)(3) 5500 contribution 36 1 Student Financial Assistance 7504 64344671 0 n/a NSU Cares Hurricane Relief via check/cash card 36 16903 Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Schedule I, Part I, Line 2: Institutional grants awarded to students are recorded to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of awards varies by center and program. Funds set aside for scholarships are budgeted annually and included in the University's budget plan approved by the Board of Trustees. X X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 George L Hanbury II PhD President/Chief Executive Officer 705898 0 250000 0 172713 0 27000 0 20085 0 1175696 0 0 0 Frederick Lippman Interim Exec VP & COO 427052 0 40000 0 46598 0 27000 0 1334 0 541984 0 0 0 Ralph Rogers Provost/Exec VP of Academic Affairs 394931 0 0 0 3261 0 27000 0 18434 0 443626 0 0 0 Stanley Wilson Dean - Coll. of Health Care Sciences 192100 0 0 0 1196 0 20010 0 16156 0 229462 0 0 0 Irving Rosenbaum Interim Chancellor HPD 247672 0 0 0 1463 0 22336 0 8241 0 279712 0 0 0 Thomas L West VP Information Technology / CIO 288003 0 117437 0 2610 0 42978 0 22710 0 473738 0 0 0 Ray Ferrero University Chancellor 410759 0 0 0 30736 0 27000 0 20683 0 489178 0 0 0 Johannes G Vieweg Dean - Coll. Of Allopathic Medicine 555403 0 0 0 1548 0 27000 0 20529 0 604480 0 0 0 H Thomas Temple Sr VP - Research & Economic Dev. 556057 0 0 0 19548 0 27000 0 17726 0 620331 0 0 0 Elaine Wallace Dean - Coll. of Osteopathic Medicine 370839 0 0 0 8876 0 27000 0 11064 0 417779 0 0 0 Jacqueline A Travisano Former Officer 165434 0 0 0 37564 0 19246 0 21330 0 243574 0 0 0 Francis A DePiano Former Key Employee 222761 0 0 0 1478 0 22561 0 9408 0 256208 0 0 0 Part I, Line 1a Supplemental Compensation Information: Line 1- First class travel- Per the travel policy of Nova Southeastern University, Inc., all travel must be by the most direct or economical route. Higher fares may be reimbursable only when coach accommodations would: (1) require circuitous routing; (2) require travel during unreasonable hours; (3) greatly increase the duration of the flight; (4) result in additional costs which would offset the transportation savings; (5) offer accommodations which are not reasonably adequate for the medical needs of the traveler. These exceptions will require the traveler to submit a letter of approval signed by their Dean or Vice President. Line 2-Travel for companions -Per the travel policy of Nova Southeastern University, Inc., when a spouse or dependent accompanies the employee, the University will pay for only the travel costs of the employee. Occasionally, spouses of faculty and staff are asked to travel on University business. Spouse travel reimbursement by the University requires approval by a Dean or Officer, or their authorized representative. If the business purpose of the spousal travel is not properly documented, it will be taxed to the employee. Line 3- Tax gross-up payments may occasionally be provided to university employees and in those instances are included in taxable compensation. Line 5-A housing allowance is provided to the president of the University. This allowance is fully taxable to the recipient. Line 7-The university pays for club dues on behalf of certain executives, some of which are treated as taxable to the employee and included in his or her compensation. Part I, Line 7 George L. Hanbury II and Frederick Lippman received bonuses in recognition of excellent job performance. Amounts paid are shown in Schedule J, Part II, Column (BII). A BCEFA (See Part VI) 521626969 115015FY0 2008-10-23 60000000 See Part VI (Series 2008A) 0 0 0 B Town of Davie Florida 596046527 000000000 2012-08-01 53633362 See Part VI (Series 2009) 0 0 0 C HEFFA (See Part VI) 900058227 34073TCV7 2011-02-15 37878793 See Part VI (Series 2011) 1 0 0 D HEFFA (See Part VI) 900058227 34073TFW2 2012-06-05 48511454 See Part VI (Series 2012A) 0 0 0 A 5540000 60000000 682472 400684 58916844 2008 0 0 1 1 B 15289476 53633362 53633362 2012 1 0 1 1 C 17165000 5490000 37878793 3256899 650626 22278960 13127734 2011 1 0 1 1 D 5855000 48511454 737361 9000000 38774093 2012 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose First Group Row A: (a)Broward County Educational Facilities Authority (BCEFA)/Series 2008A (f) Construction of chiller plant and dormitory building Row B: (a)Town of Davie, Florida/Series 2009 (f)On 8/1/12, the Issuer and Trustee amended the Bond Indenture which in turn reduced the interest rate per annum of the bonds. Such amendment resulted in the bonds being "reissued" for federal income tax purposes which resulted in a current refunding of the bonds as of 8/1/12. The proceeds of the original bond issued in 5/29/09 were used for equipping and renovating the University School. Row C: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2011 (f) Refund 2000B bonds issued May 16,2000 and construction of West Palm Beach Student Educational Center Row D: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2012A (f) Refund 2002A/B bonds issued February 6,2002 and to finance technology and related acquisitions Second Group Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2012B (f) Refund the outstanding BCEFA Series 2000A & Series 2004C Bonds issued May 16,2000 and May 12,2004, respectively Row B: (a) Town of Davie, Florida 2013A (f) Construction and equipping of portions of the following, including reimbursement of expenses incurred prior to the issuance of the 2013A bonds: Center for Collaborative Research, Oceanographic Center, Stormwater Management Drainage System and Sports Center II Row C: (a) Town of Davie,Florida 2013B (f) Refund the outstanding BCEFA Series 2004A & Series 2004B Bonds issued on April 1, 2004 Row D: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 Bonds issued on February 15, 2011 Part II, Line 3: Total proceeds of Town of Davie, Florida 2013A bond includes investments earnings totaling $47,753. Part II, Line 3: Total proceeds of Heffa/Series 2016 bond includes investments earnings totaling $150,217. Schedule K, Part IV Arbitrage, Line 2C: First Group (A) Issuer Name: BCEFA 2008A Date the rebate computation was performed: 10/23/2013 (B) Issue Name: Town of Davie, Florida 2009 (current refunding on 8/1/12, as previously described) Date the rebate computation was performed: 08/18/2017 (C) Issue Name: HEFFA 2011 Date the rebate computation was performed: 02/24/2016 (D) Issue Name: HEFFA 2012A Date the rebate computation was performed: 06/14/2017 Second Group (A) Issuer Name: HEFFA 2012B Date the rebate computation was performed: 12/01/2017 A HEFFA (See Part VI) 900058227 000000000 2012-11-13 34735000 See Part VI (Series 2012B) 0 0 0 B Town of Davie Florida 596046527 23867PAC2 2013-12-06 96174076 See Part VI (Series 2013A) 0 0 0 C Town of Davie Florida 596046527 23867PAX6 2014-01-03 21054435 See Part VI (Series 2013B) 0 0 0 D HEFFA (See Part VI) 900058227 34073TGK7 2016-05-12 103761055 See Part VI (Series 2016) 0 0 0 A 15615000 34735000 205000 34530000 2012 1 0 1 1 B 96221829 96221829 2017 0 0 0 1 C 5780000 21054435 21054435 2013 1 0 1 1 D 103911272 5683101 985325 97242845 2016 1 1 1 1 A 0 1 0 0 0.01540 0.01540 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 49846 Tuition Waivers/Scholarships for family members To attend Nova Southeastern University Paramount Refreshment Solutions Inc Entity more than 35% owned by trustee Albert J. Miniaci. 233165 Paramount supplies coffee products and services to the University. 0 Christopher J Joyce Family member of former officer, Jacqueline Travisano. 51310 Employment at Nova Southeastern University, Inc. 0 Nicole D Darden Family member of current key employee, Stanley Wilson. 23357 Employment at Nova Southeastern University, Inc. 0 Anne H Rambo Family member of current key employee, Irving Rosenbaum 127814 Employment at Nova Southeastern University, Inc. 0 X 7 0 X 0 X 0 X 8 0 X See Part II 10 0 X See Part II 21 0 5 0 1 0 Part I, Column (b): The amount reported is column (b) represents the number of contributions received throughout the year for each type of property listed. Schedule M, Part I, Line 25: Equipment - non cash contributions of various equipment. Schedule M, Part I, Line 26: Other - includes various items to be used or auctioned at fundraising events, such as dining gift cards and tickets to special events. Schedule M, Part I, Line 33: Works of art on line 1(c) were not reported as revenue, as permitted under generally accepted accounting principles. A zero amount was reported for those contributions because the organization does not capitalize its collections, as allowed under ASC 958-360-25, formerly known as SFAS 116. Other than works of art, in instances where no amounts were reported in column (c), contribution revenue was not recorded based on immateriality. Form 990, Part VI, Section A, line 1 Explain delegation of authority to an executive committee by the governing body: In accordance to Nova Southeastern University bylaws, the Executive Committee, established by the Board of Trustees (BOT), consists of the Chair of the BOT, the Vice Chair of the BOT, the President of the University, the Chairs of the Standing Committees and such other members of the BOT as designated by the Chair. The Executive Committee has the power to transact all business delegated to it by the BOT and shall, during periods between meetings of the BOT and for all matters of an urgent nature for which it is impractical or impossible to delay decisions until the next meeting of the BOT, have the power to transact all business of the BOT in the management of the Corporation, subject to any limitations otherwise imposed on the BOT as a whole. The Executive Committee shall have such additional powers as conferred upon it by the BOT, and shall report in writing to the BOT following each meeting. Form 990, Part VI, Section B, line 11b Describe the process used by the organization to review this Form 990: The Form 990 is prepared by the Nova Southeastern University finance staff and presented to the University's outside tax accountants (KPMG, LLP) for review. After review by the outside tax accountants, a draft copy of the Form 990 and all required schedules are provided for review to the Vice President of Finance/Chief Financial Officer and the President/Chief Executive Officer of the University. Upon completion of the internal review, the final form 990 and all required schedules are initially provided to the Executive Committee of the Board of Trustees and subsequently made available to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Describe how the organization monitors and enforces compliance with its conflict of interest policy: Nova Southeastern University (NSU) maintains a written Code of Conduct Policy which provides an overview of requirements in complying with applicable laws, rules, regulations, and adhering to ethical standards by its officers, employees, representatives, and agents in conducting NSU business. To aid in the identification of and correction of any actual or perceived violations of the University's Code of Conduct Policy, NSU has a written Compliance Plan. The Compliance Plan not only explains the compliance obligations of all NSU colleagues, it contains specific directives for key personnel and committees to uphold the Compliance Plan and ensure that their team members have sufficient information to comply with the applicable laws, regulations, and policies, as well as the resources to resolve ethical dilemmas. In addition to the foregoing, each year, the University asks the governing Board of Trustees, officers, directors, and key employees to respond to a questionnaire and disclose on a yearly basis. The questionnaire is designed to collect information and monitor compliance. Form 990, Part VI, Section B, line 15 Process for determining compensation of Officers and Key positions: Each year a comparative analysis for the position of President/CEO is performed by the Vice President of Human Resources and provided to the compensation committee of the Board of Trustees whose members are appointed by the Board Chair. The analysis is reported to the Executive Committee and then to the Board of Trustees. Compensation analysis and recommendations for other university officers and key positions are prepared by the Office of Human Resources and reviewed by the university's senior executives. Form 990, Part VI, Section C, line 19 Nova Southeastern University's audited financial statements are part of its Annual Report which is made available on its website at http://www.nova.edu/fop/. In addition, the public at large may receive a copy of the report upon request. Part VII, Statement of Revenue Column (C) Unrelated Business Revenue: Column (C) of Part VIII does not include $113,913 of unrelated business taxable income attributable to nondeductible parking expenses as calculated in accordance with IRS Notice 2018-99. NSU Grande Oaks LLC 3201 W Rolling Hills Circle Fort Lauderdale FL 33328 204811801 Golf Course FL 5908947 38355460 Nova Southeastern University Inc NSU Park Plaza LLC 3301 College Ave Fort Lauderdale FL 33314 954893480 Commercial Real Estate FL 10197994 2061938 Nova Southeastern University Inc NSU Health Professions Division Foundation Inc 3200 South University Dr Fort Lauderdale FL 33328 650456144 Support Org FL 501 (c) (3) Line 12c, III-FI Nova Southeastern University Inc 0 NSU Guaranty Insurance Company LTD c/o Willis Mgt PO Box 30600 KY1 12 Grand Cayman CJ KY1-1203 Insurance Captive CJ Nova Southeastern University Inc C 36732528 1.00000 1 The Pointe Corp Office Park Prop Owners Assn Inc 3301 College Ave Fort Lauderdale FL 33314 460743930 Prop Owner's Assn (no activity) FL Nova Southeastern University Inc C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 NSU Guaranty Insurance Company LTD S 1039793 claims reimbursed NSU Guaranty Insurance Company LTD Q 82745 expenses reimbursed