2018-05-11T09:59:19-05:00 2017-06-30 KPMG LLP 1676 INTL DR STE 1200 Mclean VA 22102 990 2016-07-01 520591421 ST JOHN'S COLLEGE % ALLY GONTANG-HIGHFIELD STJO 4102632371 60 College Avenue Annapolis MD 21401 MICHAEL DURAN Treasurer 4106262514 2018-05-09 true WHITNEY E BLAIR P01226647 7032868000 2018-05-08 2016 2022-09-23 18:48:47Z PETER KANELOS 60 COLLEGE AVENUE ANNAPOLIS MD 21401 167636358 false X WWW.SJC.EDU X 1784 MD TO PROVIDE POST-SECONDARY EDUCATION. 33 29 1017 150 385106 -128826 20627501 56419122 49035045 52463592 2308516 1333461 0 0 71971062 110216175 23794159 26806190 0 0 35650135 35341384 0 0 3473202 22124237 18813222 81568531 80960796 -9597469 29255379 259050540 314798425 73948131 68970971 185102409 245827454 X ST JOHN'S COLLEGE IS A COMMUNITY DEDICATED TO LIBERAL EDUCATION, WHICH AIMS TO FREE US FROM PREJUDICE AND UNEXAMINED OPINION, PREPARE US TO MEET THE KNOWN AND UNKNOWN CHALLENGES THE FUTURE WILL PRESENT, AND ENABLE US TO MAKE THOUGHTFUL CHOICES IN PUBLIC AND PRIVATE LIFE, AND TO ACHIEVE PERSONAL AND PROFESSIONAL SUCCESS. false false 61304512 26806190 52463592 GRADUATE & UNDERGRADUATE COURSE OF STUDY FOR APPROXIMATELY 900 STUDENTS. 61304512 true true false false false false false true false true true true false false true false true true true false false false true false false false false false true true true false false false false false true true false false false true false false false false true false false false true 1353 0 true 1017 true true true true CJ false false false false false false false false X 33 29 false false false false false false false true true false false false true true true true true true true false MD NM X ALLY GONTANG-HIGHFIELD 4106262514 60 COLLEGE AVENUE ANNAPOLIS MD 21401 X M Brownell Anderson Member 1.0 0.0 X 0 0 0 Robert Bienenfeld Member/Secretary 1.0 0.0 X 0 0 0 Sharon Bishop Member 1.0 0.0 X 0 0 0 Steven J Bohlin Member 1.0 0.0 X 0 0 0 Jana H Carey Member 1.0 0.0 X 0 0 0 Thomas M Carnes Member 1.0 0.0 X 0 0 0 Ray C Cave Member 1.0 0.0 X 0 0 0 Gregory Curtis Member 1.0 0.0 X 0 0 0 Matt Davis Dean - Santa Fe 35.0 0.0 X X 159030 0 60751 Chrisopher Denny Member 1.0 0.0 X 0 0 0 Bryan Dorland Member 1.0 0.0 X 0 0 0 Stephen L Feinberg Member 1.0 0.0 X 0 0 0 John L Gray Member 1.0 0.0 X 0 0 0 Anna Greenberg Member 1.0 0.0 X 0 0 0 Erwin L Greenberg Member 1.0 0.0 X 0 0 0 Richard Groenendyke Jr Member 1.0 0.0 X 0 0 0 Joan Haratani Member 1.0 0.0 X 0 0 0 Allan Hoffman Member 1.0 0.0 X 0 0 0 Lawrence Hogan Ex Officio 1.0 0.0 X 0 0 0 Harold Hughes Member 1.0 0.0 X 0 0 0 Pamela Kraus Dean - Annapolis 35.0 0.0 X X 123385 0 28382 Perry Lerner Chair 1.0 0.0 X 0 0 0 Susana Martinez Ex Officio 1.0 0.0 X 0 0 0 Robert Mass Member 1.0 0.0 X 0 0 0 Douglas K Mayer Member 1.0 0.0 X 0 0 0 Wilfred M McClay Member 1.0 0.0 X 0 0 0 Charles Nelson Member 1.0 0.0 X 0 0 0 Chrisopher Nelson President - Annapolis 35.0 0.0 X X 278770 0 199240 James H Polk Member 1.0 0.0 X 0 0 0 Joshua Rogers Member 1.0 0.0 X 0 0 0 Warren Spector Member 1.0 0.0 X 0 0 0 Adrian Trevisan Ex Officio 1.0 0.0 X 0 0 0 Jill Cooper Udall Member 1.0 0.0 X 0 0 0 Michael Uremovich Member 1.0 0.0 X 0 0 0 Harriet Warren Member 1.0 0.0 X 0 0 0 Julia Wilkinson Member 1.0 0.0 X 0 0 0 Warren P Winiarski Member 1.0 0.0 X 0 0 0 Delores Wolf Member 1.0 0.0 X 0 0 0 Joseph Macfarland Dean - Annapolis 35.0 0.0 X X 114805 0 66240 Mark Roosevelt President - Santa Fe 35.0 0.0 X X 292509 0 33239 Michele Farquhar Member 1.0 0.0 X 0 0 0 Ronald Fielding Member 1.0 0.0 X 0 0 0 Stephen Forman Member 1.0 0.0 X 0 0 0 Thomas Krause Member 1.0 0.0 X 0 0 0 Pam Saunders Member 1.0 0.0 X 0 0 0 Susan Shamos Member 1.0 0.0 X 0 0 0 Linda Stabler-Talty Member 1.0 0.0 X 0 0 0 Stewart Greenfield Member 1.0 0.0 X 0 0 0 Leslie Jump-Wlker Member 1.0 0.0 X 0 0 0 Joseph Smolskis Treasurer - Annapolis 35.0 0.0 X 183274 0 38828 Bryan Valentine Treasurer - Santa Fe 35.0 0.0 X 145819 0 13434 Victoria Mora Vice President - Sana Fe 35.0 0.0 X 133105 0 43349 Barbara Goyette Vice President - Annapolis 35.0 0.0 X 112660 0 17550 Phelosha M Collaros Vice President Santa Fe 35.0 0.0 X 109583 0 14619 Laurie Reinhardt-Plotnik Vice President - Annapolis 35.0 0.0 X 158109 0 33119 Edward Walpin Executive Dir - Santa Fe 35.0 0.0 X 117705 0 20070 Janet Arsnault Assistant Dean 35.0 0.0 X 125745 0 17228 David Townsend Tutor - Annapolis 35.0 0.0 X 126653 0 26866 Krishnan Venkatesh Tutor - Santa Fe 35.0 0.0 X 131815 0 14986 David McDonald Associate Dean - Santa Fe 35.0 0.0 X 138818 0 17827 James Carey Tutor - Santa Fe 35.0 0.0 X 133298 0 17363 Emily Langston Tutor - Annapolis 35.0 0.0 X 119581 0 40959 2704664 0 704050 31 false true false Bon Appetit PO Box 417632 BOSTON MA 022417632 Food Service 1897693 A'viands LLC NW5704 PO Box 1450 MINNEAPOLIS MN 554855704 Food Service 1644234 Sodexo Inc Affiliates PO Box 536922 ATLANTA GA 303536922 Maintenance 963009 Brian McPartlon Roofing LLC 39 Bisbee Court 7 SANTA FE NM 87508 Maintenance 445912 Paramount Service Corp 7053 Gateway Crt MANASSAS VA 20109 Maintenance 332312 29 2147330 54271792 2532855 56419122 TUITION AND FEES 611710 41429805 41429805 ROOM & BOARD FEES 611710 7376797 7376797 AUXILIARY ENTERPRISES 611710 1223475 843587 379888 OTHER PROGRAM SERVICE REVENUE 611710 2433515 2433515 52463592 590211 2772 587439 0 0 0 0 0 58163433 57420183 743250 743250 2446 740804 0 0 0 0 0 0 0 0 0 0 110216175 52083704 385106 1328243 0 20069704 20069704 6736486 6736486 0 2227756 552593 1053069 622094 0 21771577 15825841 4550789 1394947 2794784 1679259 1115525 6656467 4341011 1908838 406618 1890800 1193682 556916 140202 0 127186 127186 198650 198650 0 0 1049584 1049584 2927738 997777 1644540 285421 406244 383191 1124 21929 2064793 785797 1022636 256360 1900988 123943 1755477 21568 0 1325445 1325445 634413 602468 -80247 112192 0 171517 136619 34898 94872 94872 0 3302599 1506440 1785500 10659 369801 3471 366330 DINING HALL 3116867 3116867 BOOKSTORE - COGS 381288 381288 LECTURES, EVENTS & RELATED 357677 172738 45769 139170 DUES 134025 47652 84283 2090 249535 2647685 -2423204 25054 80960796 61304512 16183082 3473202 11775977 10341682 0 0 9493209 48062587 682464 161070 0 56938 0 0 5899599 6301993 445405 396225 306574 324332 148219520 72054633 73262794 76164887 34303036 23502304 118983748 145405915 0 0 0 0 3897734 4080492 259050540 314798425 38070967 32022464 1198561 1295362 1660971 1317851 28500000 28070000 0 0 0 0 0 0 3880000 5250000 637632 1015294 73948131 68970971 X 11414091 19301729 39992508 62412549 133695810 164113176 185102409 245827454 259050540 314798425 X 29255379 20667294 1049584 9752788 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X RARE AND OLD LIBRARY BOOKS false 152003716 4973352 22283111 4512710 6203949 168543520 157294564 12025935 -7562178 3850362 5904243 152003716 150951958 11525232 2908649 3176238 4915037 157294564 133402108 2783231 16527771 2931189 4288246 145493675 124887763 2783231 13182146 2913354 4537678 133402108 0.03240 0.78150 0.18610 true false 9295683 9295683 126193471 59247389 66946082 10119801 8990792 1129009 2610565 3816452 -1205887 76164887 CASH AND CASH EQUIVALENTS 2814080 F TOTAL RETURN FUNDS 64776920 F HEDGE FUNDS 51577083 F PRIVATE EQUITY FUNDS 17241791 F FOUNDATIONS, TRUSTS, AND OTHER 8996041 F 145405915 0 UNAMORTIZED BOND PREMIUM -804611 DEFERRED BOND ISSUE COSTS -407609 ASSET RETIREMENT OBLIGATIONS 2227514 1015294 X 104872958 20667294 -26010511 -5343217 110216175 110216175 53105022 53105022 1049584 26806190 27855774 80960796 PURPOSE OF COLLECTIONS Part III, Line 4 SANTA FE - THE ARTWORK PLACED AROUND CAMPUS, AS WELL AS LIBRARY BOOK COLLECTION, FURTHER THE PURPOSE OF THE COLLEGE BY EXPOSING STUDENTS TO FINE WORKS OF ART, IN BOTH THE WRITTEN AND SCULPTED FORM THE EXCELLENCE AND DEPTH OF THOUGHT AND CREATIVITY EXPECTED OF OUR STUDENTS. ANNAPOLIS - THE COLLECTION IS AN ECLECTIC ASSEMBLAGE OF FINE AND DECORATIVE ART OBJECTS THAT HAVE BEEN GIVEN TO THE COLLEGE OVER THE YEARS. THIS COLLECTION RANGES FROM UNFRAMED REPRODUCTION POSTERS TO FINE CHINESE SILK PAINTING. MANY OF THESE OBJECTS ARE ON DISPLAY THROUGHOUT CAMPUS AND ENRICH CLASSROOM, COMMON, AND OFFICE SPACES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS Part V, Line 4 ENDOWMENT FUNDS ARE DONOR RESTRICTED AND ARE USED TO FUND FACULTY AND STUDENT FINANCIAL AID. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48 Part X, Line 2 THE COLLEGE FOLLOWS THE GUIDANCE OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT COLLEGES. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE COLLEGE'S FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. RECONCILIATION OF REVENUE PART XI, LINE 2D FINANCIAL AID (26,806,190) CHANGE IN VALUE OF SPLIT 795,679 INTEREST AGREEMENTS ------------ TOTAL (20,010,511) RECONCILIATION OF EXPENSES Part XII, Line 4b FINANCIAL AID 26,806,190 ------------ TOTAL 26,806,190 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 EXPLANATION OF NONDISCRIMNATORY POLICY PUBLICATION THE ST. JOHN'S COLLEGE NONDISCRIMINATION POLICY CAN BE FOUND IN BOTH ITS RECRUITMENT MATERIALS AND IN ITS STUDENT HANDBOOK. THE HANDBOOK IS DISTRIBUTED TO STUDENTS AS PART OF THE REGISTRATION PROCESS. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENTAL FINANCIAL ASSISTANCE THE COLLEGE RECEIVES FUNDING FROM THE FOLLOWING SOURCES: PELL, COLLEGE WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, GUARANTEED STUDENT LOAN, THE STATE OF MARYLAND, AND THE STATE OF NEW MEXICO. ALL ASSISTANCE IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED. true Central America and the Caribbean Investments 56645463 Central America and the Caribbean Grantmaking 101020 East Asia and the Pacific Grantmaking 3280744 Europe (Including Iceland and Greenland) Grantmaking 674768 Middle East and North Africa Grantmaking 47400 North America Grantmaking 103420 Russia and the Newly Independent States Grantmaking 260384 South America Grantmaking 91629 South Asia Grantmaking 1391783 Sub-Saharan Africa Grantmaking 785338 63381949 63381949 Scholarships & Assistance Central America and the Caribbean 3 101020 Other Scholarships & Assistance East Asia and the Pacific 101 3280744 Other Scholarships & Assistance Europe (Including Iceland and Greenland) 17 674768 Other Scholarships & Assistance North America 1 47400 Other Scholarships & Assistance Russia and the Newly Independent States 6 260384 Other Scholarships & Assistance South America 2 91629 Other Scholarships & Assistance South Asia 31 1391783 Other Scholarships & Assistance Sub-Saharan Africa 16 785338 Other Scholarships & Assistance North America 2 103420 OTHER true false false false true false PROCEDURE FOR MONITORING GRANTS TO INTERNATIONAL STUDENTS SCHEDULE F, PART I, LINE 2 THE COLLEGE MONITORS THE USE OF GRANT FUNDS TO INTERNATIONAL STUDENTS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. true MARYLAND STATE SCHOLARSHIPS 18 70550 Cost SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS 171 370519 Cost FEDERAL PELL GRANT PROGRAM 195 866443 Cost SJC Grants (Undergraduates) 609 17677144 Cost SJC Endowed GI Grants 15 123724 Cost SJC Grants (Graduates) 109 953308 Cost New Mexico Grants 5 8016 Cost PROCEDURE FOR MONITORING GRANTS IN THE US SCHEDULE I, PART I, LINE 2 THE COLLEGE MONITORS THE USE OF GRANT FUNDS IN THE FINANCIAL AID OFFICE. PERSONNEL REVIEW STUDENT NEED ON A YEARLY BASIS AND AWARD GRANTS BASED ON NEED AND ELIGIBILITY. X X true true X X X X false false false false false false false false false Matt Davis Dean - Santa Fe 150600 0 0 0 8430 0 18833 0 41918 0 219781 0 0 0 Pamela Kraus Dean - Annapolis 123385 0 0 0 0 0 16836 0 11546 0 151767 0 0 0 Chrisopher Nelson President - Annapolis 259869 0 0 0 18901 0 35775 0 163465 0 478010 0 0 0 Joseph Smolskis Treasurer - Annapolis 183274 0 0 0 0 0 19240 0 19588 0 222102 0 0 0 Joseph Macfarland Dean - Annapolis 114475 0 0 0 330 0 14909 0 51331 0 181045 0 0 0 Bryan Valentine Treasurer - Santa Fe 144537 0 0 0 1282 0 11509 0 1925 0 159253 0 0 0 Victoria Mora Vice President - Sana Fe 128495 0 0 0 4610 0 17347 0 26002 0 176454 0 0 0 Edward Walpin Executive Dir - Santa Fe 117705 0 0 0 0 0 14713 0 5357 0 137775 0 0 0 David Townsend Tutor - Annapolis 97668 0 0 0 28985 0 13597 0 13269 0 153519 0 0 0 Janet Arsnault Assistant Dean 121365 0 0 0 4380 0 15171 0 2057 0 142973 0 0 0 Mark Roosevelt President - Santa Fe 280000 0 0 0 12509 0 29120 0 4119 0 325748 0 0 0 Laurie Reinhardt-Plotnik Vice President - Annapolis 158109 0 0 0 0 0 16783 0 16336 0 191228 0 0 0 David McDonald Associate Dean - Santa Fe 120758 0 13432 0 4628 0 13253 0 4574 0 156645 0 0 0 James Carey Tutor - Santa Fe 107593 0 25705 0 0 0 14525 0 2838 0 150661 0 0 0 Emily Langston Tutor - Annapolis 119581 0 0 0 0 0 15432 0 25527 0 160540 0 0 0 Part I, Line 1a HOUSING ALLOWANCE AND PERSONAL SERVICES THE PRESIDENTS OF THE ANNAPOLIS (CHRISTOPHER NELSON) AND SANTA FE CAMPUS (MARK ROOSEVELT) ARE PROVIDED WITH HOUSING FOR THE CONVENIENCE OF THE COLLEGE AND IS A CONDITION OF EMPLOYMENT (PER EMPLOYMENT CONTRACT) THAT THE PRESIDENT RESIDE IN THE HOUSE PROVIDED. THE PRESIDENTS' HOMES ARE USED FOR MANY COLLEGE ACTIVITIES INCLUDING HOSTING EVENTS FOR STUDENTS, FACULTY, AND COLLEGE SUPPORTERS. THE CALCULATED NONTAXABLE BENEFIT RECEIVED BY EACH PRESIDENT FOR THE PERSONAL USE OF THE HOUSING AMOUNTED TO $132,042 AND $50,705 FOR ANNAPOLIS AND SANTA FE, RESPECTIVELY. IN ADDITION, PERSONAL SERVICES SUCH AS LANDSCAPER AND MAIDS ARE PROVIDED TO MAINTAIN THE UPKEEP ON THE RESIDENCE. A CITY OF ANNAPOLIS MARYLAND SERIES 2007 A&B 526000764 035779CN5 2007-06-02 13689584 REFUNDED A PORTION OF 1998 BONDS true false false B PUBLIC FINANCE AUTHORITY 273866124 74442PCE3 2016-05-10 23866212 REFUNDED 1998, 2011 AND 2007B SERI false false false A 2053707 7820877 13689584 526850 0 0 265780 0 0 8171693 4725261 0 2008 false true true true B 205000 0 23866212 0 0 7820877 477324 0 0 246734 6976916 8344361 2019 true true true true A false false false false 0 false false false true B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true PART I - BOND ISSUES BOND B (A) ISSUER NAME: PUBLIC FINANCE AUTHORITY (F) DESCRIPTION OF PURPOSE: REFUNDED 1998, 2007B, AND 2011 SERIES BONDS, NEW MONEY PART II - OTHER SPENT PROCEEDS BOND B LINE 11 - ADDITIONAL COSTS ASSOCIATED WITH THE CLOSING OF THE BOND WERE $238,662. PART IV - NO REBATE DUE BOND A LINE 2C - THE REBATE COMPUTATION FOR THE CITY OF ANNAPOLIS MARYLAND SERIES A&B BOND WAS PERFORMED ON JUNE 7, 2013. BRONTE JONES Former Officer HOME LOAN X 150000 56938 false true true 56938 Joseph Smolskis Officer 17752 Grant Tuition Assistance Matt Davis Officer 38290 Grant Tuition Assistance JOSEPH MACFARLAND Officer 24883 Grant Tuition Assistance Victoria Mora Officer 22996 Grant Tuition Assistance X 21 2532855 AVG OF HIGH/LOW false true false REVIEW PROCESS FOR FORM 990 Form 990, Part VI, SECTION B, Line 11 A COPY OF THE COMPLETED FULL FORM 990 IS FURNISHED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. THE COMMITTEE WILL CONDUCT A REVIEW OF THE 990. UPON DISCUSSION AND REVIEW, THE COMMITTEE WILL MOTION AND APPROVE THE ACCEPTANCE OF THE FORM 990 AND POST A COPY OF THE COMPLETED 990 (EXCLUDING SCHEDULE B) ON A SECURE PORTAL FOR FULL BOARD REVIEW. THE AUDIT AND COMPLIANCE COMMITTEE WILL ALSO GRANT THE ANNAPOLIS CAMPUS TREASURER PERMISSION TO PROCEED WITH SIGNING AND FILING THE FORM 990. ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND COMPLIANCE IS ENFORCED THROUGH A YEARLY STATEMENT ALONG WITH THE COLLEGE'S POLICY BEING DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES FOR REVIEW AND SIGNATURE. THE SIGNED STATEMENTS ARE RETURNED TO THE PRESIDENT OF THE ANNAPOLIS CAMPUS FOR REVIEW AND FOLLOW-UP. ANY POTENTIAL CONFLICTS ARE DISCUSSED BETWEEN THE PARTIES AND A RESOLUTION IS MADE TO RESOLVE THE CONFLICT. EXECUTIVE COMPENSATION POLICIES FORM 990, PART VI, SECTION B, LINE 15 WITH RESPECT TO THE COMPENSATION OF THE DEANS, VICE PRESIDENTS AND TREASURERS, THE PRESIDENTS CONSULTED WITH AN INDEPENDENT CONSULTING FIRM WHICH SPECIALIZES IN PROVIDING EXECUTIVE COMPENSATION ADVICE TO COLLEGES AND UNIVERSITIES. ONE OF THE PRIMARY PURPOSES OF ENGAGING AN OUTSIDE FIRM WAS TO ASSURE COMPLIANCE WITH IRS REGULATORY REQUIREMENTS REGARDING THE REASONABLENESS OF EXECUTIVE COMPENSATION IN 501(c)(3) ORGANIZATIONS. THE EXECUTIVE COMMITTEE HAS ESTABLISHED WHAT IS KNOWN AS A REBUTTABLE PRESUMPTION OF THE REASONABLENESS OF COMPENSATION BY SATISFYING THREE REGULATORY REQUIREMENTS: (1) COMPENSATION RECOMMENDATIONS HAVE BEEN DEVELOPED BY AN INDEPENDENT COMMITTEE OF THE BOARD, (2) APPROPRIATE COMPARABILITY DATA HAS BEEN USED (PROVIDED BY THE CONSULTANT BASED ON ITS SURVEY), AND (3) THE PROCESS HAS BEEN ADEQUATELY DOCUMENTED THROUGH THE MINUTES OF THE EXECUTIVE COMMITTEE. THAT COMMITTEE CONSIDERS THE RECOMMENDATIONS OF THE PRESIDENTS RELATIVE TO THE VICE-PRESIDENTS AND TREASURERS, AND CONSIDERS THE PROJECTED FORMULA-BASED SALARIES OF THE DEANS, ALL IN LIGHT OF THE EXTERNAL COMPARISONS PROVIDED BY THE CONSULTANT. THE COMMITTEE ALSO CONSIDERS THE BENEFITS PROVIDED TO THE OFFICERS THAT MAKE UP A PART OF THE TOTAL COMPENSATION PACKAGE. THE EXECUTIVE COMMITTEE MAKES THE FINAL DECISIONS AS TO EACH INDIVIDUAL'S COMPENSATION. AS FOR THE RECOMMENDATIONS RELATIVE TO THE PRESIDENTS, THOSE SALARIES AND BENEFITS ARE REVIEWED BY THE EXECUTIVE COMMITTEE IN THE ABSENCE OF THE PRESIDENTS AND AFTER RECEIVING REPORTS FROM THE BOARD CHAIR CONCERNING THE PERFORMANCE OF THE PRESIDENTS UPON REVIEW BY THE PRESIDENTIAL REVIEW COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE SAME DATA AND COMPARISONS PROVIDED BY THE CONSULTANT FOR THE OTHER OFFICERS. THE EXECUTIVE COMMITTEE MAKES ITS RECOMMENDATION TO THE FULL BOARD, ACTING IN EXECUTIVE SESSION, WHICH ACTS AFTER GETTING THE FULL REPORT FROM THE COMMITTEE. AVAILABILITY OF GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR AND THE CONFLICT OF INTEREST POLICY IS PUBLISHED ANNUALLY IN THE STAFF HANDBOOK. OTHER CHANGES IN NET ASSETS OR FUND BALANCES Form 990, Part XI, Line 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 795,679 Gain in Post RETIREMENT BENEFIT $ 8,213,091 Gain in Sabbatical $ 744,018 ---------------- TOTAL $ 9,752,788 CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT MD NA TRUST CHARITABLE REMAINDER UNITRUSTS (3) INVESTMENT NM NA TRUST