2018-02-19T17:55:49-06:00 2017-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2016-07-01 362166964 Aurora University AURO 6308926431 347 SOUTH GLADSTONE AVENUE AURORA IL 60506 SHARON MAXWELL CPA VICE PRESIDENT FOR FINANCE 2018-01-28 true NICOLE BENCIK P00756195 3128997000 2016 2021-01-29 14:40:06Z DR REBECCA SHERRICK 347 SOUTH GLADSTONE AVENUE AURORA IL 60506 140535005 false X WWW.AURORA.EDU X 1899 IL TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION. 33 31 1873 359 913002 -463170 16193578 19829923 96822357 104551129 285736 2713376 1446516 1335260 114748187 128429688 38966096 43103936 0 50183381 45754223 0 1242558 26398605 26988056 115548082 115846215 -799895 12583473 172002410 188871991 54648694 56886624 117353716 131985367 THE PRIMARY PURPOSE OF AURORA UNIVERSITY IS TO PROVIDE POST-SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION SHAPED BY ITS LONG STANDING COMMITMENT TO EDUCATIONAL EXCELLENCE AND COMMUNITY PARTNERSHIP. THE UNIVERSITY IS GUIDED BY ITS MISSION TO BE AN INCLUSIVE COMMUNITY DEDICATED TO THE TRANSFORMATIVE POWER OF LEARNING AND CONTINUES TO UPHOLD ITS VALUES OF INTEGRITY, CITIZENSHIP, CONTINUOUS LEARNING, AND EXCELLENCE. false false 93766959 42760486 97705616 AURORA UNIVERSITY PROVIDES POST-SECONDARY EDUCATION AND RELATED ACTIVITIES AND SUPPORT SERVICES TO 4,248 UNDERGRADUATE STUDENTS AND 2,534 GRADUATE STUDENTS ON ITS THREE LOCATIONS IN AURORA, ILLINOIS, WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS, AS WELL AS ON-LINE AND VARIOUS OTHER LOCATIONS. DURING THE YEAR, AU GRADUATED 1,004 STUDENTS WITH BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, AND 753 STUDENTS WITH GRADUATE DEGREES IN EDUCATION, SOCIAL WORK, BUSINESS, RECREATION, AND NURSING. AS PART OF ITS MISSION, THE UNIVERSITY OFFERS CULTURAL AND EDUCATIONAL OPPORTUNITIES TO ITS STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. 8241661 343450 7041349 AURORA UNIVERSITY HAS RESIDENCE HALL CAPACITY OF 746 BEDS ON ITS AURORA CAMPUS, AS WELL AS, OFFERING HOUSING SERVICES FOR ITS GRADUATE AND UNDERGRADUATE STUDENTS ON ITS WISCONSIN CAMPUS. FOOD SERVICE FOR STUDENTS AND STAFF IS PROVIDED AT THREE LOCATIONS ON THE AURORA CAMPUS AND A DINING HALL ON THE WISCONSIN CAMPUS. ADDITIONALLY, A BOOKSTORE ON THE AURORA CAMPUS SELLS TEXTBOOKS, SUPPLIES AND MISCELLANEOUS CONVENIENCE ITEMS TO STUDENTS, FACULTY AND STAFF. GEORGE WILLIAMS COLLEGE CAMPUS PROVIDES FOOD SERVICES, LODGING AND MEETING ROOMS FOR ALL INDIVIDUALS PARTICIPATING IN A CONFERENCE OR SEMINAR. THE PROGRAM ANNUALLY PROVIDES SERVICES TO OVER 82 SCHOOLS, CHURCHES, HUMAN SERVICE ORGANIZATIONS AND RETREAT/PROGRAM GROUPS. 102008620 true true false true false false false true true true true false false false true true true false true false true false false false false false false true true true true false false false false false false false true true true true false false false false false false false false true 9143 0 true 1873 true true true false false false false true true false false false false X 33 31 true false false false false false false true true false false true true true true true true true false false X SHARON MAXWELL CPA 6308445630 347 S GLADSTONE AVENUE AURORA IL 605064808 HILARY K BRENNAN CHAIR 2.0 X X 0 0 0 PHILIP S CALI VICE CHAIR 2.0 X X 0 0 0 JOANNE HANSEN VICE CHAIR 2.0 X X 0 0 0 REBECCA L SHERRICK PHD PRESIDENT 40.0 X X 495444 0 23795 RUTH MENDIUS TRUSTEE (THROUGH 10.2016) 1.0 X 0 0 0 DONALD A SCHINDLBECK TRUSTEE (THROUGH 10.2016) 1.0 X 0 0 0 ANDY PATTON AWARD RECIPIENT MEMBER (THROUGH 10.2016) 1.0 X 0 0 0 HALEY PESSINA AWARD RECIPIENT MEMBER 1.0 X 0 0 0 HECTOR VELAZQUEZ AWARD RECIPIENT MEMBER (THROUGH 10.2016) 1.0 X 0 0 0 SHERRY MASCHMEYER AWARD RECIPIENT MEMBER 1.0 X 0 0 0 REBECCA MOHAN AWARD RECIPIENT MEMBER 1.0 X 0 0 0 JOHN D AMMONS TRUSTEE 2.0 X 0 0 0 DAVID R BERGMAN TRUSTEE 1.0 X 0 0 0 MATTHEW CANNON TRUSTEE 1.0 X 0 0 0 DONALD A CHURCHILL TRUSTEE 1.0 X 0 0 0 DOUGLAS J CRAFT TRUSTEE 1.0 X 0 0 0 CHAD A DEKING TRUSTEE 2.0 X 0 0 0 AUSTIN DEMPSEY TRUSTEE 1.0 X 0 0 0 CHARLES B DOSS TRUSTEE 1.0 X 0 0 0 FARRELL l FRENTRESS TRUSTEE 1.0 X 0 0 0 JIM FUENTES TRUSTEE 1.0 X 0 0 0 RONALD M HEM TRUSTEE 2.0 X 0 0 0 SHAWN E JEFFERS TRUSTEE 1.0 X 0 0 0 CHRISS JOHNS TRUSTEE 2.0 X 0 0 0 MICHAEL K KEEFE TRUSTEE 1.0 X 0 0 0 BRIAN KONEN TRUSTEE 1.0 X 0 0 0 DR CALVIN R MYERS TRUSTEE 1.0 X 0 0 0 GERALD PALMER TRUSTEE 2.0 X 0 0 0 SCOTT B PALMER TRUSTEE 2.0 X 0 0 0 MYRON J RESNICK TRUSTEE 1.0 X 0 0 0 ANN SHEETS TRUSTEE 1.0 X 0 0 0 JOHN D SIMMS JR TRUSTEE 1.0 X 0 0 0 MICHELLE P SIMMS TRUSTEE 1.0 X 0 0 0 DAVID K STONE TRUSTEE 2.0 X 0 0 0 THOMAS T STUHLEY TRUSTEE 1.0 X 0 0 0 RONALD THOMAS TRUSTEE (THROUGH 10.2016) 1.0 X 0 0 0 ROGER A TUCKER TRUSTEE 1.0 X 0 0 0 LINNEA WINDEL TRUSTEE 1.0 X 0 0 0 MARGARET E SHARRER SECRETARY 40.0 X 91061 0 9482 MARILYN D CAMPBELL CPA ASSISTANT TREASURER 40.0 X 135821 0 11848 SHARON W MAXWELL CPA TREASURER 40.0 X 176089 0 7387 STEVEN M MCFARLAND VICE PRESIDENT FOR UNIVERSITY COMMUNICATIONS 40.0 X 191012 0 19904 P JOAN POOR PROVOST 40.0 X 203623 0 15155 THEODORE C PARGE EXECUTIVE VICE PRESIDENT FOR ADVANCEMENT 40.0 X 255601 0 10886 DONNA M DESPAIN SENIOR VICE PRESIDENT FOR ENROLLMENT 40.0 X 267351 0 20463 LORA L DELACEY SENIOR VICE PRESIDENT FOR STUDENT LIFE 40.0 X 239706 0 16020 2055708 0 134940 61 true true true SODEXO INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 FACILITIES & FOOD SERVICE MGMT 6492945 THE LEARNING HOUSE INC 427 SOUTH FOURTH ST SUITE 300 LOUISVILLE KY 40202 ONLINE CLASS MANAGEMENT 2778941 SCHERRER CONSTRUCTION CO INC 601 BLACKHAWK DRIVE BURLINGTON WI 53105 CONSTRUCTION 1156721 TOTAL MECHANICAL W234 N2830 PAUL RD PEWAUKEE WI 53072 CONSTRUCTION 271775 DOUGLAS FLOOR COVERING INC 200 ALDER DR NORTH AURORA IL 60542 CONSTRUCTION 186140 10 X 13983600 5846323 1185673 19829923 STUDENT TUITION & FEES 611310 97274639 97274639 AUXILIARY REVENUE 611310 6843662 6843662 CULTURAL EDUCATION 611310 231635 231635 ATHLETIC EVENTS 611310 201193 201193 0 0 0 0 104551129 1028902 4982 1023920 5795 5795 113897 15319 98578 0 98578 98578 13174180 11314388 175318 1859792 -175318 1684474 1684474 796128 600292 195836 195836 CONFERENCE REVENUE 900099 622135 622135 MUSIC BY THE LAKE 900099 248104 248104 164812 0 37781 127031 1035051 128429688 104746965 913002 2939798 28596 28596 43075340 43075340 1293187 1125346 167841 201976 33150 168826 37621842 31975363 4929866 716613 415514 398931 13021 3562 3237027 3031667 178294 27066 2984677 2774854 185050 24773 104716 104716 118055 118055 134307 134307 215246 215246 9163638 8011852 1109761 42025 607814 563211 44603 3112249 2296340 750481 65428 1384874 217389 1090896 76589 2074519 1791491 269654 13374 720350 637221 52353 30776 207125 176911 28868 1346 458216 458216 7101635 6082408 954272 64955 626290 30726 595287 277 BAD DEBT EXPENSE 513538 513538 DUES, MEMBERSHIPS, & SUBSCRIPTIONS 234844 209913 20901 4030 ENTERTAINMENT 131492 89491 38098 3903 79148 70228 8920 0 115846215 102008620 12595037 1242558 6831919 4506310 1907890 10643113 478991 7714037 2065529 1937598 0 0 0 310244 300879 1175892 2057417 197755168 76732979 116116444 121022189 35906193 32435237 3622881 7918008 0 3586427 337203 172002410 188871991 5983326 10423461 7502120 7992942 25200000 25200000 57254 69808 9525881 9142501 6380113 4057912 54648694 56886624 X 83534571 94919657 12488520 14608044 21330625 22457666 117353716 131985367 172002410 188871991 X 12583473 1836164 212014 X false true X true true true X 16923072 20434128 19079365 16193578 19829923 92460066 0 0 16923072 20434128 19079365 16193578 19829923 92460066 0 92460066 1125460 1117749 891705 607737 1148594 4891245 0 100326 398462 102168 109885 130950 841791 98193102 460076058 0.9416 0.9386 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 60637.0, COLUMN B - 384347.0, COLUMN C - 102168.0, COLUMN D - 109885.0, COLUMN E - 130950.0, COLUMN F - 787987.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 39689.0, COLUMN B - 14115.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 53804.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 134307 false false 134307 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY HIRED A FIRM TO RESEARCH AND CONTACT LEGISLATORS, STAFF AND OTHER GOVERNMENT OFFICIALS FOR POSSIBLE GRANT OPPORTUNITIES TO BENEFIT THE UNIVERSITY. MORE SPECIFICALLY FOR FY2017, THE UNIVERSITY UTILIZED THE SERVICES OF PROFESSIONAL LOBBYISTS TO SECURE PAYMENT OF REMAINING FUNDS FOR AWARDS TO UNIVERSITY STUDENTS UNDER THE ILLINOIS MONETARY ASSISTANCE PROGRAM. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY HIRED A FIRM TO RESEARCH AND CONTACT LEGISLATORS, STAFF AND OTHER GOVERNMENT OFFICIALS FOR POSSIBLE GRANT OPPORTUNITIES TO BENEFIT THE UNIVERSITY. MORE SPECIFICALLY FOR FY2017, THE UNIVERSITY UTILIZED THE SERVICES OF PROFESSIONAL LOBBYISTS TO SECURE PAYMENT OF REMAINING FUNDS FOR AWARDS TO UNIVERSITY STUDENTS UNDER THE ILLINOIS MONETARY ASSISTANCE PROGRAM. 0 1671864 X X X false false true X 40592926 1282508 4209553 885515 2108366 43091106 45435661 388287 -400328 859067 3971627 40592926 46016920 453578 1208285 777135 1465987 45435661 41510518 295890 5861228 824790 825926 46016920 38525229 783105 3880334 633834 1044316 41510518 0.283 0.507 0.21 true false 5070858 5070858 132923901 43612802 89311099 159763 95446 64317 31510525 21041942 10468583 28090121 11982789 16107332 121022189 DEPOSITS 363755 RETIREMENT BENEFIT OBLIGATION 495813 ANNUITIES PAYABLE 541096 GOVT. ADVANCES FOR STUDENT LOANS 288371 FAIR VALUE OF INTEREST RATE SWAPS ASSET RETIREMENT OBLIGATION 532000 VOLUNTARY SEPARATION PLAN LIABILITY 1836877 4057912 X 88117745 1836164 2087622 3923786 84193959 215246 44020483 44235729 128429688 73486094 1804097 1804097 71681997 215246 43948972 44164218 115846215 Schedule D, Part III, Line 4 Collections of art - description of collections 1. COLLECTIONS HELD BY THE UNIVERSITY INCLUDE THE SCHINGOETHE COLLECTION OF NATIVE AMERICAN MATERIALS AND ARTIFACTS. TYPICALLY EACH YEAR, THE SCHINGOETHE CENTER HOSTS A VARIETY OF EVENTS AND PROGRAMS DESIGNED TO HELP INFORM ABOUT MANY ASPECTS OF NATIVE AMERICAN CULTURES, BOTH IN HISTORICAL AND CONTEMPORARY CONTEXTS. 2. THE JENKS COLLECTION OF ADVENTIST MATERIAL IS THE SECOND LARGEST COLLECTION OF HISTORIC ADVENT CHRISTIAN BOOKS, MURALS, PHOTOGRAPHS, AND OTHER MATERIALS THAT ARE AVAILABLE FOR RESEARCH. THE JENKS COLLECTION IS MANAGED WITHIN THE PHILLIPS LIBRARY. Schedule D, Part IV, Line 2b Explanation of escrow agreement Aurora University has custodial account liabilities for the various Student Organizations. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS OF THE UNIVERSITY PROVIDE SCHOLARSHIP, OPERATIONAL AND FACILITIES SUPPORT TO THE UNIVERSITY AND ITS FOUR LOCATIONS AURORA, ILLINOIS, WILLIAMS BAY, WISCONSIN AND WOODSTOCK, ILLINOIS. MANY OF THE FUNDS ARE RESTRICTED TO SCHOLARSHIP PURPOSES, HOWEVER A SUBSTANTIAL AMOUNT OF FUNDS ARE BOARD DESIGNATED, OR QUASI-ENDOWMENT FUNDS PROVIDING STRATEGIC FINANCIAL RESOURCES TO THE UNIVERSITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote On September 4, 1941, the university was recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the university has had no significant unrelated business income. The university is not classified as a private foundation. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FINANCIAL AID EXPENSE - 1188486 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - 283525 RENTAL EXPENSE - 15319 COST OF GOODS SOLD - 600292 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS AND AID - 30396807 GOVERNMENT GRANT EXPENSE - 13552165 ADJUSTMENT OF ANNUITY - 61511 CHANGE IN ASSET RETIREMENT OBLIGATION - 10000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FINANCIAL AID EXPENSE - 1188486 RENTAL EXPENSE - 15319 COST OF GOODS SOLD - 600292 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS AND AID - 30396807 GOVERNMENT GRANT EXPENSE - 13552165 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 A STATEMENT INDICATING THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS INCLUDED IN ALL BROCHURES, CATALOGS AND ANNOUNCEMENTS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AND IS PRESENT ON THE UNIVERSITY'S WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT AURORA UNIVERSITY RECEIVED FINANCIAL AID FROM GOVERNMENTAL AGENCIES WHICH INCLUDE THE DEPARTMENT OF EDUCATION. Central America and the Caribbean 0 0 Investments N/A 820429 Central America and the Caribbean 0 0 ,EDUCATION/STUDY ABROAD PROGRAMS N/A 49949 Europe (Including Iceland and Greenland) 0 0 ,EDUCATION/STUDY ABROAD PROGRAMS N/A 5130 East Asia and the Pacific 0 0 ,EDUCATION/STUDY ABROAD PROGRAMS N/A 1675 North America (Canada & Mexico only) 0 0 ,EDUCATION/STUDY ABROAD PROGRAMS N/A 475 0 0 0 0 0 0 877658 0 877658 false false false true false false true Communities in Schools of Aurora Inc 433 Prairie St Aurora IL 60506 363909467 501C3 20069 FEDERAL WORK STUDY PROGRAM The YMCA of Metropolitan Chicago 1030 W Van Buren St Chicago IL 60607 362179782 501C3 6513 FEDERAL WORK STUDY PROGRAM 2 0 SCHOLARSHIPS 4314 43075340 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE FINANCIAL AID OFFICE CLOSELY MONITORS ANY CHANGES IN THE STATUS OF FINANCIAL AWARD RECIPIENTS THAT WOULD RESULT IN A CORRESPONDING CHANGE IN THE AMOUNT OF AID AWARDED. ANY SUCH CHANGES ARE AUTOMATICALLY DETECTED AND REPORTED BY A SERIES OF SPECIAL REPORTS THAT ARE RUN ON A REGULAR BASIS. MOREOVER, THE OFFICE OF STUDENT ACCOUNTS ENSURES THAT THE CHARGES TO WHICH THE FINANCIAL AID AWARDS ARE APPLIED ARE CONSISTENT WITH THE INTENDED USE OF THE AWARDS. X true true X X X X X false false false false false false false true false REBECCA L SHERRICK PHD PRESIDENT 381202 0 70000 0 44242 0 15548 0 8247 0 519239 0 0 0 SHARON W MAXWELL CPA TREASURER 167826 0 8000 0 263 0 7340 0 47 0 183476 0 0 0 STEVEN M MCFARLAND VICE PRESIDENT FOR UNIVERSITY COMMUNICATIONS 181960 0 3000 0 6052 0 8746 0 11158 0 210916 0 0 0 P JOAN POOR PROVOST 199761 0 0 0 3862 0 10993 0 4162 0 218778 0 0 0 THEODORE C PARGE EXECUTIVE VICE PRESIDENT FOR ADVANCEMENT 238851 0 10000 0 6750 0 10802 0 84 0 266487 0 0 0 DONNA M DESPAIN SENIOR VICE PRESIDENT FOR ENROLLMENT 249394 0 15000 0 2957 0 11588 0 8875 0 287814 0 0 0 LORA L DELACEY SENIOR VICE PRESIDENT FOR STUDENT LIFE 228225 0 10000 0 1481 0 10401 0 5619 0 255726 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE TOTAL PRESIDENTIAL COMPENSATION PACKAGE INCLUDES A HOUSING ALLOWANCE. THE HOUSING ALLOWANCE IS TREATED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 7 Non-fixed payments CERTAIN EMPLOYEES RECEIVED DISCRETIONARY MERIT BONUSES BASED ON THEIR PERFORMANCE. A CITY OF AURORA KANE DUPAGE WILL AND KENDALL COUNTIES ILLINOIS 366005778 051648BC6 2004-11-17 12000000 TO FINANCE VARIOUS CAPITAL EXPENDITURES false false false A 0 0 12441259 0 0 0 167587 0 9572 12264100 0 0 2006 false false true true A false false false false 0.0 0.0 0.0 false false true A true false false true true true BMO CAPITAL MARKETS 4.1 false false false false true A true Schedule K, Part II, Line 3 Total proceeds of issue includes $441,259 of interest earnings JEFF CALI SON OF TRUSTEE - PHILIP S. CALI 168826 JEFF CALI (SON OF TRUSTEE PHILIP S. CALI) IS EMPLOYED AS THE ASSISTANT VICE PRESIDENT ADMINISTRATION. false JAMIE CALI DAUGHTER-IN-LAW OF TRUSTEE - PHILIP S. CALI 33150 JAMIE CALI (DAUGHTER-IN-LAW OF TRUSTEE PHILIP S. CALI) IS EMPLOYED AS A PART-TIME STEM SCHOOL TEACHER. false X 12 1185673 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributors is being reported. Form 990, Part VI, Line 15b Process to establish compensation of other officers and key employees THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE REVIEWED EACH YEAR BY THE PRESIDENT. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JOHN D. SIMMS, JR. (TRUSTEE) AND MICHELLE P. SIMMS (TRUSTEE) - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body AUDIT COMMITTEE MEMBERS AND THE CHAIRS OF THE TRUSTEE AND COMPENSATION COMMITTEES, AND CHAIRMAN OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR REVIEWING THE DRAFT FORM 990 PRIOR TO FILING. THE DRAFT FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE SECRETARY OF THE BOARD OF TRUSTEES IS CHARGED WITH CONTACTING ALL BOARD MEMBERS TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FORM HAS BEEN COMPLETED. FOR STAFF, THE VICE PRESIDENT FOR FINANCE SENDS A REQUEST TO ALL STAFF WHO ARE REQUIRED TO COMPLETE THE ANNUAL CONFLICT OF INTEREST FORM. FOLLOW-UP REQUESTS ARE MADE UNTIL THE FORM HAS BEEN COMPLETED. THE CHAIR OF THE TRUSTEE COMMITTEE REVIEWS ALL CONFLICT OF INTEREST STATEMENTS SUBMITTED BY ALL TRUSTEES. IF CONFLICTS REQUIRE ADDITIONAL REVIEW, THE UNIVERSITY BY-LAWS PROVIDES FOR A SPECIAL COMMITTEE TO BE FORMED TO ADDRESS SUCH CONFLICTS. IN ADDITION, CONFLICTS OF INTEREST DISCUSSION IS ON ALL MEETING AGENDAS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE REVIEWED EACH YEAR BY THE PRESIDENT. A SCAN OF COMPARABLE MARKET SALARIES FOR EQUIVALENT POSITIONS IS DONE TO ASSESS APPROPRIATE COMPENSATION LEVELS. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION ON AN ANNUAL BASIS. THE DELIBERATIONS REGARDING COMPENSATION DECISIONS OF THE COMMITTEE ARE DOCUMENTED. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue BISTRO REVENUE - Total Revenue: 37781, Related or Exempt Function Revenue: , Unrelated Business Revenue: 37781, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; MISCELLANEOUS REVENU - Total Revenue: 127031, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 127031; Form 990, Part XI, Line 9 Other changes in net assets or fund balances ADJUSTMENT OF ANNUITIES - -61511; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - 283525; CHANGE IN ASSET RETIREMENT OBLIGATION - -10000;