2017-05-12T09:56:45-05:00 2016-06-30 PricewaterhouseCoopers LLP 101 SEAPORT BOULEVARD BOSTON MA 02210 990 2015-07-01 020274509 SOUTHERN NEW HAMPSHIRE UNIVERSITY % LISA HEFFERNAN SOUT 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 JOSEPH A SERGI EVP FIN & ADMIN/CFO 6036269100 2017-05-10 true PAUL TANIS P01441612 6175305000 2015 2021-01-29 14:40:06Z PAUL J LEBLANC 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 641989489 false X WWW.SNHU.EDU X 1932 NH SEE SCHEDULE O 13 12 8724 16 7574 -666 5311618 7817167 492609180 574007632 8210002 -3218757 1495512 2760182 507626312 581366224 56543878 48182526 0 0 195369323 246452037 0 0 1636955 184068217 231193976 435981418 525828539 71644894 55537685 398911847 549581871 186959653 288172208 211952194 261409663 X SEE SCHEDULE O false false 446942258 48182526 576540616 SEE SCHEDULE O 446942258 true true false false false false false true false true true true false false true true false true true true true false false false false false false false true true true true false false false false false false false true false false false false false false true true true false false true 65640 0 true 8724 true true true false false false false true true false false false false X 13 12 true false false false false false false true true false false true true true true true false true true false AK CO DC MD MA MI NV NH OH OK OR SC WA WI X LISA HEFFERNAN 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 03106 X Paul J LeBlanc President/CEO 40.0 0.5 X X 926846 0 47353 Mark Ouellette TRUSTEE/Chairman 1.0 0.0 X X 0 0 0 Robert Freese TRUSTEE/Secretary 1.0 0.0 X X 0 0 0 Kusum Ailawadi TRUSTEE (until 8/15) 1.0 0.0 X 0 0 0 Janet Breslin-Smith TRUSTEE 1.0 0.0 X 0 0 0 HOWARD BRODSKY TRUSTEE 1.0 0.0 X 0 0 0 ROBERT DECOLFMACKER TRUSTEE (until 10/15) 1.0 0.5 X 0 0 0 Thomas Dionisio Trustee (UNTIL 12/15) 1.0 0.0 X 0 0 0 Lisa Guertin Trustee 1.0 0.0 X 0 0 0 Andre Hawaux Trustee 1.0 0.0 X 0 0 0 WINNIE LERNER TRUSTEE (as of 8/15) 1.0 0.0 X 0 0 0 RICHARD Loeffler Trustee 1.0 0.0 X 0 0 0 Kyle Nagel Trustee (until 10/15) 1.0 0.0 X 0 0 0 LISA MARSH RYERSON TRUSTEE (as of 5/16) 1.0 0.0 X 0 0 0 ARTHUR SULLIVAN TRUSTEE (as of 5/16) 1.0 0.0 X 0 0 0 EdWARD Wolak Trustee 1.0 0.0 X 0 0 0 Peter Worrell Trustee 1.0 0.0 X 0 0 0 Joseph Sergi EVP FIN & ADMIN/CFO 40.0 0.0 X 351051 0 45568 RYVETTE CLARK Gen. Counsel/ Asst. Secretary 40.0 0.0 X 222359 0 16406 JOHNSON AU-YEUNG CHIEF INFO OFFICER(UNTIL 9/15) 40.0 0.0 X 275500 0 40898 DONALD BREZINSKI VP INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 260791 0 41711 KRISTINE CLERKIN SENIOR VP CFA 40.0 0.0 X 293167 0 28465 STEPHEN HODOWNES CEO OF COCE (UNTIL 10/15) 40.0 0.0 X 684745 0 43354 PATRICIA LYNOTT PROVOST/EVP 40.0 0.0 X 323650 0 29844 AMELIA MANNING EVP COCE 40.0 0.0 X 374725 0 75976 Elizabeth May SR VP EXT AFFAIRS 40.0 0.0 X 162818 0 9190 DANIELLE STANTON SR VP HUMAN RESOURCES 40.0 0.0 X 295433 0 39663 William Zemp Sr VP and Chief of Staff 40.0 0.0 X 226083 0 24606 SCOTT DURAND VP OF MSR-GRAD 40.0 0.0 X 295452 0 76092 GREGORY FOWLER VP ACADEMIC ADMIN/COCE 40.0 0.0 X 288820 0 62845 CATHRAEL KAZIN CHIEF ACADEMIC OFFICER FOR CFA 40.0 0.0 X 281749 0 36330 STEPHEN KHEDERIAN VP DATA ANALYTICS 40.0 0.0 X 343891 0 79656 YVONNE SIMON CHIEF LEARNING ARCHITECT COA 40.0 0.0 X 249575 0 43233 5856655 0 741190 211 false true false Mediassociates Inc 75 Glen Road SANDY HOOK CT 06882 ADVERTISING 62854009 SODEXO OPERATIONS LLC 2521 NORTH RIVER ROAD HOOKSETT NH 03106 FOOD SERVICE 7114097 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 ADVERTISING 20173193 YAHOO INC 701 FIRST aVE SUNNYVALE CA 94089 ADVERTISING 4846454 ELEMENT PRODUCTIONS INC 316 STUART ST 4TH FLOOR BOSTON MA 02116 ADVERTISING 2876623 104 2204836 5612331 7817167 TUITION AND STUDENT FEES 611600 551031040 551031040 RESIDENCE AND DINING 611710 21674712 21674712 OTHER AUXILIARY ENTERPRISES 611710 1301880 1301880 574007632 630492 7574 622918 110792 110792 0 338068 110870 227198 0 227198 227198 56539079 13275 58526990 1985405 -1987911 -1972130 -3960041 -3960041 0 0 0 BAD DEBT RECOVERY 611710 698460 698460 SPONSORSHIP 541800 392658 392658 COLLECTION OF LEGAL FEES 611710 196217 196217 1245649 1245649 2532984 581366224 576540616 7574 -2999133 0 48182526 48182526 0 0 4362793 875778 3191817 295198 154242 154242 184636814 159537222 24376340 723252 9792991 8460102 1288356 44533 33558849 28602775 4759140 196934 13946348 11834943 2021482 89923 0 188562 188562 543682 543682 0 0 704196 704196 21385786 15831445 5522207 32134 118667734 118614580 53154 9632527 7335137 2193827 103563 10794761 3661222 7130536 3003 0 10645207 9995111 650096 2579507 2281558 272500 25449 0 1004088 734355 269733 4125306 3652046 459062 14198 0 12963906 11564688 1357241 41977 2320630 3312 2317318 FOOD AND BEVERAGE 5057236 5057236 BAD DEBT 16656033 16656033 ON AND OFF CAMPUS PROGRAMS 6741857 6427305 270695 43857 CREDIT CARD FEES 1886511 1886511 5296447 4136675 1136838 22934 525828539 446942258 77249326 1636955 10204507 10694496 114186684 124323288 1283287 61168551 10449209 4222005 0 0 0 0 4799798 3420446 2597 2889 2605758 8637474 224766553 69025887 146942943 155740666 66963835 23611547 41418409 157760509 0 0 0 0 54820 0 398911847 549581871 39531910 56126432 3486426 3135738 15899422 68726521 127823948 159944234 0 0 0 0 0 0 0 0 217947 239283 186959653 288172208 X 189428468 236179192 6229083 5192827 16294643 20037644 211952194 261409663 398911847 549581871 X 55537685 -1960491 -4119725 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 216151 X X false 21811715 3960405 -1141166 599732 56000 23975222 19802869 2947475 -362155 530774 45700 21811715 16965325 1566654 2741916 882358 588668 19802869 16350167 810801 1185442 430396 950689 16965325 16417042 1524525 -428411 557846 605143 16350167 0.01600 0.83580 0.14820 false false 10185581 10185581 135024846 38370521 96654325 12227474 5217451 7010023 33961340 21037534 12923806 33367312 4400381 28966931 155740666 ALTERNATIVE INVESTMENTS 53393791 F DEPOSITS WITH TRUSTEE 63695223 F US TREASURY BILLS 39986400 F INVESTMENT IN SUBSIDIARY 685095 C 157760509 0 STUDENT DEPOSITS AND AGENCY FUNDS 239283 239283 X 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). East Asia and the Pacific 0 20 Program Services CONSULTING/INSTRUCTION 178146 Central America and the Caribbean 0 0 Investments 25713599 East Asia and the Pacific 0 6 Program Services STUDY ABROAD 46935 Europe (Including Iceland and Greenland) 0 10 Program Services CONSULTING/iNSTRUCTION 144425 Europe (Including Iceland and Greenland) 0 11 Program Services STUDY ABROAD 817178 Middle East and North Africa 0 2 Program Services CONSULTING/INSTRUCTION 54531 North America 0 4 Program Services CONSULTING/INSTRUCTION 312721 Russia and the Newly Independent States 0 0 Program Services CONSULTING/INSTRUCTION 2520 South America 0 1 Program Services CONSULTING/INSTRUCTION 1464 South America 0 1 Program Services STUDY ABROAD 8190 South Asia 0 7 Program Services CONSULTING/INSRUCTION 155898 South Asia 0 2 Program Services STUDY ABROAD 11329 0 64 0 64 27446936 27446936 true false true true true true true STUDENT SCHOLARSHIPS AND FINANCIAL AID 11782 48182526 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 X false true X X X X X false true false false false false false true false Paul J LeBlanc President/CEO 850908 0 0 0 75938 0 22950 0 24403 0 974199 0 0 0 Joseph Sergi EVP FIN & ADMIN/CFO 299761 0 50000 0 1290 0 20962 0 24606 0 396619 0 0 0 JOHNSON AU-YEUNG CHIEF INFO OFFICER(UNTIL 9/15) 190476 0 50000 0 35024 0 20833 0 20065 0 316398 0 0 0 DONALD BREZINSKI VP INSTITUTIONAL ADVANCEMENT 229653 0 30000 0 1138 0 19090 0 22621 0 302502 0 0 0 KRISTINE CLERKIN SENIOR VP CFA 245884 0 45000 0 2283 0 20344 0 8121 0 321632 0 0 0 SCOTT DURAND VP OF MSR-GRAD 237566 0 50000 0 7886 0 53471 0 22621 0 371544 0 0 0 GREGORY FOWLER VP ACADEMIC ADMIN/COCE 238054 0 50000 0 766 0 54623 0 8222 0 351665 0 0 0 STEPHEN HODOWNES CEO OF COCE (UNTIL 10/15) 410782 0 200000 0 73963 0 22950 0 20404 0 728099 0 0 0 CATHRAEL KAZIN CHIEF ACADEMIC OFFICER FOR CFA 175650 0 30000 0 76099 0 26774 0 9556 0 318079 0 0 0 STEPHEN KHEDERIAN VP DATA ANALYTICS 233593 0 55000 0 55298 0 53231 0 26425 0 423547 0 0 0 PATRICIA LYNOTT PROVOST/EVP 266006 0 50000 0 7644 0 20962 0 8882 0 353494 0 0 0 RYVETTE CLARK Gen. Counsel/ Asst. Secretary 216298 0 5000 0 1061 0 0 0 16406 0 238765 0 0 0 AMELIA MANNING EVP COCE 319192 0 55000 0 533 0 53355 0 22621 0 450701 0 0 0 Elizabeth May SR VP EXT AFFAIRS 137519 0 18580 0 6719 0 0 0 9190 0 172008 0 0 0 YVONNE SIMON CHIEF LEARNING ARCHITECT COA 247265 0 0 0 2310 0 20542 0 22691 0 292808 0 0 0 DANIELLE STANTON SR VP HUMAN RESOURCES 229938 0 65000 0 495 0 16920 0 22743 0 335096 0 0 0 William Zemp Sr VP and Chief of Staff 200608 0 5000 0 20475 0 0 0 24606 0 250689 0 0 0 PART I, LINE 1A: FIRST CLASS OR CHARTER TRAVEL: OCCASIONALLY, IF CIRCUMSTANCES WARRANT (I.E. EXTENDED FLIGHTS, HEALTH ISSUES) FIRST CLASS AIRFARE WILL BE PROVIDED TO EMPLOYEES. ONE OFFICER RECEIVED THIS BENEFIT DURING THE CURRENT PERIOD. THIS TRAVEL WAS FOR BUSINESS PURPOSES, AND THE COST WAS NOT INCLUDED IN THE OFFICER'S TAXABLE INCOME. 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: TWO KEY EMPLOYEES, AND ONE HIGHEST COMPENSATED EMPLOYEE WERE EITHER GRANTED A HOUSING ALLOWANCE OR HOUSING EXPENSES WERE PAID ON THEIR BEHALF AS PART OF THEIR TAXABLE TOTAL COMPENSATION PACKAGES. 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 STEPHEN KHEDERIAN WERE AWARDED DEFERRED COMPENSATION IN DECEMBER 2014, PAYABLE IN CALENDAR YEAR 2016 IF CERTAIN CONDITIONS ARE SATISFIED. CATHRAEL KAZIN WAS AWARDED DEFERRED COMPENSATION IN DECEMBER 2014, PAYABLE IN CALENDAR YEAR 2017 IF CERTAIN CONDITIONS ARE SATISFIED. 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). 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 A 1470000 0 65211538 5715037 2938863 0 694869 0 0 44312470 5300933 6599853 false true false true B 2244000 0 47288054 0 0 0 341911 0 0 0 32057569 14975493 true true false true C 0 0 35429241 0 0 0 106491 0 0 0 858404 34464346 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 A false true false false 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 A true B true C 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 2014 - 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 $7,219. (B) NHHEFA SERIES 2014 - THE ISSUE PRICE AND TOTAL PROCEEDS DIFFER BY INVESTMENT INCOME OF $9,054. COLLIN GILLENWATER SON OF KEY EMPLOYEE 37351 WAGES-ADJUNCT PROFESSOR false DYLAN HOWDOWNES SON OF KEY EMPLOYEE 48148 WAGES-SYSTEMS ANALYST false David Decolfmacker FAMILY MEMBER OF TRUSTEE 52039 WAGES-NEW STUDENT ADVISOR false 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 3,300 TRADITIONAL UNDERGRADUATE DAY STUDENTS IN THE MANCHESTER, nh CAMPUS; 2,000 STUDENTS IN ON-CAMPUS GRADUATE PROGRAMS; 98,300 GRADUATE AND UNDERGRADUATE STUDENTS IN DISTANCE EDUCATION; 4,700 STUDENTS IN THE COLLEGE FOR AMERICA COMPETENCY-BASED EDUCATION PROGRAMS AND 2,400 STUDENTS IN THE HIGH SCHOOL DUAL ENROLLMENT PROGRAMS AND CERTIFICATE PROGRAMS. THE UNIVERSITY OFFERS OVER 30 CERTIFICATE PROGRAMS IN A VARIETY OF FIELDS. THE UNIVERSITY OFFERS 14 ASSOCIATE'S DEGREE PROGRAMS IN CULINARY ARTS, INFORMATION TECHNOLOGY, PHOTOGRAPHY, HEALTHCARE MANAGEMENT, LIBERAL ARTS, CRIMINAL JUSTICE, AND BUSINESS-RELATED FIELDS. BACHELOR DEGREES ARE OFFERED IN MORE THAN 90 AREAS OF BUSINESS EDUCATION, HEALTHCARE, MATHEMATICS, INFORMATION TECHNOLOGY, COMPUTER SCIENCE AND LIBERAL ARTS. MASTERS DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, ACCOUNTING, BUSINESS DISCIPLINES, INFORMATION TECHNOLOGY, MENTAL HEALTH COUNSELING, FINE ARTS, EDUCATION, HEALTHCARE 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 Robert Decolfmacker both serve on the board of Motivis Learning Systems, Inc. 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 2016, COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES WERE SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED. 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 ($4,544,169) Other Adjustments $424,444 ------------ Total Other Changes in Net Assets ($4,119,725) DONATIONS DURING FISCAL YEAR 2013, PRESIDENT PAUL LEBLANC AND HIS WIFE, PATRICIA FINDLEN MADE A $100,000 MULTI-YEAR COMMITMENT TO GIVE TO THE UNIVERSITY. THEY WILL CONTINUE TO MAKE PAYMENTS TO FULFILL THIS COMMITMENT THROUGH 2018. MOTIVIS LEARNING SYSTEMS INC 25 PELHAM RD STE 204 SALEM NH 03079 471039010 SOFTWARE SALES DE SNHU C CORP 232232 1237930 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 4250000 CASH