2017-05-12T16:00:36-05:00 2016-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2015-07-01 880435559 ROSEMAN UNIVERSITY OF HEALTH SCIENCES ROSE 7029904433 11 SUNSET WAY HENDERSON NV 89014 RENEE COFFMAN PRESIDENT 7029904433 2017-05-12 1 CARLEY UMSTEAD P00982177 3192985333 2015 2021-01-29 14:40:06Z RENEE COFFMAN 11 SUNSET WAY HENDERSON NV 89014 84842241 0 X WWW.ROSEMAN.EDU X 1999 NV ROSEMAN UNIVERSITY EDUCATES HEALTHCARE PROFESSIONALS AND ADVANCES HEALTHCARE EDUCATION. 21 20 642 3500 0 0 2904526 2326724 71579122 79412297 408732 478558 794621 222404 75687001 82439983 157250 86835 0 0 39454216 45414371 0 0 782804 34656438 37423669 74267904 82924875 1419097 -484892 190427561 188493144 129822631 127781042 60604930 60712102 X ROSEMAN UNIVERSITY EDUCATES HEALTHCARE PROFESSIONALS AND ADVANCES HEALTHCARE EDUCATION THROUGH ITS INNOVATIVE EDUCATIONAL MODEL; IT CREATES AND DISSEMINATES NEW KNOWLEDGE; IT IMPACTS THE HEALTH, EDUCATION, AND WELLNESS OF THE COMMUNITIES IT SERVES, AND IT PROVIDES A COLLABORATIVE AND SUPPORTIVE ENVIRONMENT THAT ENABLES ITS STUDENTS, FACULTY, AND STAFF TO BE SUCCESSFUL. 0 0 35298874 86835 79523287 INSTRUCTION: THE UNIVERSITY'S INSTRUCTIONAL CURRICULUM CURRENTLY INCLUDES DOCTOR OF DENTAL MEDICINE, DOCTOR OF PHARMACY, MASTERS OF BUSINESS ADMINISTRATION (MBA), BACHELORS OF SCIENCE IN NURSING AND ORTHODONTIC RESIDENCY PROGRAMS. APPROXIMATELY 1,447 STUDENTS WERE ENROLLED IN THESE PROGRAMS. 591 STUDENTS GRADUATED DURING THE FISCAL YEAR. 14231591 73010 ACADEMIC SUPPORT AND STUDENT SERVICES: THE UNIVERSITY PROVIDES ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTERS AND LABS, AND ACADEMIC ASSISTANCE. 5313025 RESEARCH: THE UNIVERSITY HAS OUTSTANDING TEAMS OF WORLD-CLASSRESEARCHERS FOCUSING ON HEALTH ISSUES WITH A TREMENDOUS IMPACT ONGLOBAL POPULATIONS INCLUDING DIABETES, OBESITY, MANY FORMS OF CANCER,NEURODEGENERATIVE DISEASES LIKE ALZHEIMER'S AND PARKINSON'S, SUBSTANCEABUSE AND DEPRESSION. 1616596 PUBLIC SERVICES 1616596 56460086 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 2118 0 1 642 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 UT NV X KEN WILKINS 7029904433 11 SUNSET WAY HENDERSON NV 89014 X CONRAD BIO TRUSTEE 1.00 X 0 0 0 DIANA BOND BOARD CHAIR 1.00 X X 0 0 0 JAMES H BRYANT III SECRETARY (UNTIL 06/16) 1.00 X X 0 0 0 SUZANNE CRAM TRUSTEE 1.00 X 0 0 0 G FRANS CURRIER TRUSTEE (UNTIL 07/15) 1.00 X 0 0 0 ROD DAVIS TRUSTEE (EFF. 05/16) 1.00 X 0 0 0 DAVID J DUNN TREASURER 1.00 X X 0 0 0 JEFF FOREMAN TRUSTEE 1.00 X 0 0 0 JASON GLICK BOARD VICE CHAIR 1.00 X X 0 0 0 MARY GREAR TRUSTEE 1.00 X 0 0 0 BRIAN HARDY TRUSTEE 1.00 X 0 0 0 MARK HOWARD TRUSTEE 1.00 X 0 0 0 GAZALA KHAN TRUSTEE 1.00 X 0 0 0 KEITH MACDONALD TRUSTEE 1.00 X 0 0 0 HOOTAN MELAMED TRUSTEE (UNTIL 06/16) 1.00 X 0 0 0 RONALD A MEMO TRUSTEE 1.00 X 0 0 0 HOLLY PRIEVO TRUSTEE 1.00 X 0 0 0 HARVEY RICEBERG TRUSTEE 1.00 X 0 0 0 MARK SEETHALER TRUSTEE 1.00 X 0 0 0 DAVID STEINBERG TRUSTEE 1.00 X 0 0 0 MARTIN STEPHENS TRUSTEE 1.00 X 0 0 0 BRUCE WOOLLEY TRUSTEE 1.00 X 5000 0 0 RENEE COFFMAN PRESIDENT 40.00 X 375745 0 37355 HARRY ROSENBERG PRESIDENT EMERITUS/SECRETARY 40.00 X 444335 0 31439 KEN WILKINS VP BUSINESS AND FINANCE/TREASURER 40.00 X 169567 0 33645 MARTIN LIPSKY CHANCELLOR, JORDAN CAMPUS 40.00 X 178289 0 17445 EUCHARIA NNADI CHANCELLOR, HENDERSON CAMPUS 40.00 X 316708 0 28127 MARK PENN CHANCELLOR, SUMMERLIN CAMPUS 40.00 X 435537 0 28853 FRANK LICARI DEAN, COLLEGE OF DENTAL MEDICINE 40.00 X 354539 0 44252 DONALD HARMAN ASSOC DEAN ADMISSIONS & STUDENT SVCS 40.00 X 260774 0 45730 MARLENE MILLER SPEC ASST TO PRES/PRES EMERITUS 40.00 X 242348 0 36602 JALEH POURHAMIDI DEAN, COLLEGE OF DENTAL MEDICINE 40.00 X 237715 0 24679 SCOTT STOLTE DEAN, COLLEGE OF PHARMACY 40.00 X 249844 0 26599 3270401 0 354726 126 0 1 0 HENRIKSEN BUTLER DESIGN GROUP 249 SOUTH 400 EAST SALT LAKE CITY UT 84111 FURNITURE INSTALLATION 210533 RSM US LLP 201 HARRISON ST SUITE 300 DAVENPORT IA 52801 ACCOUNTING 142663 RICKIE D NICHOLAS 333 N RANCHO DRIVE 790 LAS VEGAS NV 89106 SECURITY 118341 3 1975 473577 1851172 355998 2326724 TUITION & FEES 611310 76217839 76217839 DENTAL CLINIC INCOME 621110 2008081 2008081 ORTHODONTIC CLINIC INCOME 621110 828768 828768 REIMBURSEMENT OF NURSING PERSONNE 900099 212331 212331 CLINICAL SERVICE CONTRACTS 621110 62438 62438 82840 82840 79412297 517321 517321 184000 0 184000 184000 184000 2329044 2367807 -38763 -38763 -38763 72855 1975 34451 38404 38404 82439983 79596297 0 516962 86835 86835 2279190 296336 1884839 98015 642357 537428 100489 4440 35608668 26657837 8557723 393108 1890530 1478801 383396 28333 2569357 1817150 738291 13916 2424269 1741940 652345 29984 157858 157858 201175 201175 60000 60000 30509 30509 5198080 3873680 1322667 1733 805378 562408 242970 3463381 2541618 913135 8628 389577 389577 6627483 3989362 2592535 45586 641517 347843 285997 7677 689207 569899 116962 2346 6008707 3700637 2221806 86264 6177105 3715796 2406506 54803 656177 273932 379723 2522 MEDICAL SUPPLIES 2772232 2564579 207570 83 REPAIRS & MAINTENANCE 1267578 157516 1110062 DUES & SUBSCRIPTIONS 845393 689054 155947 392 1432312 857435 569903 4974 82924875 56460086 25681985 782804 5725081 11775089 12653028 9301983 528133 348173 1259042 1226121 608476 395603 2155829 1904464 163253264 23544020 143346484 139709244 13762925 13800298 -13452 10388563 10045621 190427561 188493144 8183816 8334448 8679528 8750813 102558987 101690268 642099 151005 1803990 952109 7954211 7902399 129822631 127781042 X 58453035 58313152 1818693 2064860 333202 334090 60604930 60712102 190427561 188493144 X -484892 605516 -13452 X 0 1 X 1 1 1 X 1744331 2162822 2375080 2904526 2324749 11511508 1744331 2162822 2375080 2904526 2324749 11511508 753305 10758203 253752 263434 399100 371508 517321 1805115 13316623 312551060 0.80790 0.84530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 0 0 1 60000 60000 0 PART II-B, LINE 1: THE ORGANIZATION HIRED LOBBYING FIRMS TO KEEP TRACK OF LEGISLATION AFFECTING PHARMACY, NURSING, AND DENTAL ISSUES. THE ORGANIZATION ALSO PAYS DUES FOR MEMBERSHIP IN PROFESSIONAL ASSOCIATIONS. A PORTION OF SUCH DUES MAY BE USED FOR LOBBYING. 0 1 X 13799348 10390 805815 333 30763 14584457 12795658 606074 467344 6050 63678 13799348 12772739 300 1405247 6050 1311234 65344 12795658 12042643 45814 723744 13472 25990 12772739 11107800 75500 898342 6993 32006 12042643 0.96910 0.02290 0.00800 0 0 29429751 29429751 102011056 9217937 92793119 13522531 4104936 9417595 16545830 9551135 6994695 1744096 670012 1074084 139709244 CASH SURRENDER VALUE OF LIFE INSURANCE POLICY 249466 REFUNDABLE DEPOSITS 335511 DEBT SERVICE RESERVE FUNDS 9460644 10045621 DEFERRED RENT PAYABLE 7902399 7902399 X 83019310 605516 4320 609836 82409474 30509 30509 82439983 82912138 17772 17772 82894366 30509 30509 82924875 PART IV, LINE 2B: FUNDS HELD FOR STUDENTS ORGANIZATIONS AND FOR A FACULTY MEMBER. PART V, LINE 4: THE ROSEMAN UNIVERSITY ENDOWMENT FUND IS USED TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY. THE UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR SCHOLARSHIPS, OTHER STUDENT ACTIVITY SUPPORT AND FOR GENERAL OPERATIONS. THE BOARD DESIGNATED ENDOWMENT IS BEING HELD UNTIL THE BOARD DETERMINES SPECIFIC USES. THE PERMANENT ENDOWMENT IS PRIMARILY FOR SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS THE SOLE MEMBER OF RMER, ROSEMAN BIOTECHNOLOGIES, LLC AND ROSEMONT ENTERPRISES II, LLC, ALL SINGLE MEMBER LIMITED LIABILITY COMPANY TREATED AS DISREGARDED ENTITIES FOR TAX PURPOSES. THE UNIVERSITY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY, ROSEMAN UNIVERSITY HEALTH SYSTEM DBA ROSEMAN MEDICAL GROUP AND ROSEMAN UNIVERSITY FOUNDATION ALL FILE A SEPARATE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. FINANCIAL AND OTHER INFORMATION APPLICABLE TO THE UNIVERSITY'S DISREGARDED ENTITIES IS REPORTED IN THE UNIVERSITY'S ANNUAL FORM 990, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX-EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2016 AND 2015, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2012 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF AUDIT REPORT CONSOLIDATED ENTITIES 4,320. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AUDIT REPORT CONSOLIDATED ENTITIES 17,772. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON THE SCHOOL'S WEBSITE AND IN HANDBOOKS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED TITLE IV FINANCIAL AID AND ASSISTANCE FROM PELL, SUBSIDIZED, UNSUBSIDIZED, DIRECT LOANS, AND SEOG, AS WELL AS STUDENT SCHOLARSHIPS AND GRANTS. GOLF EVENT 74830 1975 72855 1989 29860 2602 74830 1975 72855 1989 29860 2602 34451 38404 1 INTERNAL SCHOLARSHIPS 74 86835 CASH PART I, LINE 2: SCHOLARSHIPS AND GRANTS ARE DETERMINED BY PROGRAM COMMITTEES AND ARE RECORDED ON STUDENT LEDGERS. EACH PROGRAM SELECTS ITS INTERNAL SCHOLARSHIP AWARDEES, SUBJECT TO REVIEW BY THE FINANCIAL AID OFFICE. THE FINANCIAL AID OFFICE AWARDS SDS SCHOLARSHIPS. THE UNIVERSITY ACCOUNTING OFFICE MAINTAINS RECORDS OF AMOUNTS AWARDED AND DISBURSED. X X 0 1 X X X 0 0 0 0 0 0 0 0 0 RENEE COFFMAN PRESIDENT 363391 0 0 0 12354 0 18940 0 18415 0 413100 0 0 0 HARRY ROSENBERG PRESIDENT EMERITUS/SECRETARY 368040 0 0 0 76295 0 19875 0 11564 0 475774 0 0 0 KEN WILKINS VP BUSINESS AND FINANCE/TREASURER 164356 0 0 0 5211 0 13508 0 20137 0 203212 0 0 0 MARTIN LIPSKY CHANCELLOR, JORDAN CAMPUS 172582 0 0 0 5707 0 13120 0 4325 0 195734 0 0 0 EUCHARIA NNADI CHANCELLOR, HENDERSON CAMPUS 308878 0 0 0 7830 0 19875 0 8252 0 344835 0 0 0 MARK PENN CHANCELLOR, SUMMERLIN CAMPUS 403707 0 0 0 31830 0 19875 0 8978 0 464390 0 0 0 FRANK LICARI DEAN, COLLEGE OF DENTAL MEDICINE 347028 0 0 0 7511 0 19875 0 24377 0 398791 0 0 0 DONALD HARMAN ASSOC DEAN ADMISSIONS & STUDENT SVCS 255009 0 0 0 5765 0 19875 0 25855 0 306504 0 0 0 MARLENE MILLER SPEC ASST TO PRES/PRES EMERITUS 227109 0 0 0 15239 0 17956 0 18646 0 278950 0 0 0 JALEH POURHAMIDI DEAN, COLLEGE OF DENTAL MEDICINE 231590 0 0 0 6125 0 17756 0 6923 0 262394 0 0 0 SCOTT STOLTE DEAN, COLLEGE OF PHARMACY 243818 0 0 0 6026 0 18742 0 7857 0 276443 0 0 0 PART I, LINE 1A INSURANCE PREMIUMS ARE PAID FOR MS. MILLER WITH BOARD APPROVAL. THESE AMOUNTS ARE INCLUDED IN TAXABLE INCOME AND ARE GROSSED UP FOR TAXES DUE. DR. ROSENBERG AND DR. PENN WERE PROVIDED HOUSING ALLOWANCES WITH BOARD APPROVAL. THESE AMOUNTS ARE INCLUDED IN TAXABLE INCOME AND REPORTED ON SCHEDULE J, PART II, COLUMN B (III). PART I, LINE 1B HOUSING ALLOWANCES AND GROSS UP PAYMENTS ARE APPROVED AS PART OF THE COMPENSATION PACKAGE FOR SELECT OFFICERS AND KEY EMPLOYEES. THESE PAYMENTS ARE APPROVED IN ADVANCE AND ARE NOT IN A WRITTEN UNIVERSITY POLICY. A PUBLIC FINANCE AUTHORITY 273866124 74442PAK1 2012-12-13 38720000 ACQUISITIONS, EQUIPPING, & CONSTRUCTION 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 744429AU9 2015-04-08 67500000 ACQUISITIONS, EQUIPPING, CONSTRUCTION, & REFINANCE 0 0 0 A 2395000 38720000 2704325 774400 35725275 2013 0 0 1 1 B 355000 67580496 4928213 33463724 1350000 27838560 2015 1 1 1 1 A 0 1 0 0 0.00060 0.00060 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART II, LINE 3: THIS AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART III: THE ORGANIZATION MONITORS USE OF BOND FINANCED FACILITIES AND HAS DETERMINED THAT IT HAS NO MANAGEMENT OR SERVICE CONTRACTS, RESEARCH CONTRACTS, UNRELATED TRADE OR BUSINESS ACTIVITIES, OR OTHER ACTIVITIES IN BOND-FINANCED FACILITIES THAT WOULD RESULT IN PRIVATE BUSINESS USE EXCEPT FOR THE DE MINIMIS AMOUNT INDICATED IN PART III. HARRY ROSENBERG FAMILY MEMBER OF RENEE COFFMAN, PRESIDENT 472940 COMPENSATION AS PRESIDENT EMERITUS OF THE UNIVERSITY 0 RENEE COFFMAN FAMILY MEMBER OF HARRY ROSENBERG, PRESIDENT EMERITUS 412674 COMPENSATION AS PRESIDENT OF THE UNIVERSITY 0 REBECCA PENN FAMILY MEMBER OF MARK PENN, CHANCELLOR, SUMMERLIN CAMPUS. 48302 REBECCA PENN IS A PAID EMPLOYEE OF ROSEMAN UNNIVERSITY OF HEALTH SCIENCES. 0 STONEROSE RESEARCH LAB LLC OWNED BY DAVID STEINBERG, TRUSTEE 355900 LEASE PAYMENTS BY THE UNIVERSITY FOR OFFICE AND LABORATORY SPACE 0 SUNSET VISTA PROFESSIONAL PARK II LLC OWNED BY DAVID STEINBERG, TRUSTEE 286457 LEASE PAYMENTS BY THE UNIVERSITY FOR OFFICE AND LABORATORY SPACE 0 SCH L, PART IV, SUPPLEMENTAL INFORMATION: THE UNIVERSITY ENTERED INTO THE LEASE AGREEMENT WITH STONEROSE RESEARCH LAB, LLC IN 2012 PRIOR TO THE OWNER, DAVID STEINBERG, JOINING THE UNIVERSITY BOARD OF TRUSTEES IN 2014. THE UNIVERSITY ENTERED INTO THE LEASE AGREEMENT WITH SUNSET VISTA PROFESSIONAL PARK II, LLC IN 2010 PRIOR TO THE OWNER, DAVID STEINBERG, JOINING THE UNIVERSITY BOARD OF TRUSTEES IN 2014. X 86 353744 FMV X EVENT PRIZES 7 2254 FMV 0 0 1 0 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 6: THE NUMBER OF VOLUNTEERS IS AN ESTIMATE AND INCLUDES THE PRECEPTORS FOR ALL STUDENT CLINICALS AS WELL AS FUNDRAISING VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 2 RENEE COFFMAN, PRESIDENT AND HARRY ROSENBERG, PRESIDENT EMERITUS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES BYLAWS WERE MODIFIED ON NOVEMBER 13, 2015 TO REFLECT THE FOLLOWING: 1) THE IMMEDIATE PAST CHAIR OF THE BOARD WILL BE ACKNOWLEDGED AS AN OFFICER. 2) OFFICER POSITIONS WILL HAVE A TWO YEAR TERM LENGTH WITH A ONE TERM LIMIT. 3) A NON-CONTESTED SLATE OF OFFICERS (VICE CHAIR/CHAIR ELECT, SECRETARY AND TREASUER) WILL BE SELECTED BY THE GOVERNANACE COMMITTEE OR ITS TASK FORCE, AFTER DIRECT CONSULTATION WITH ALL BOARD MEMBERS. THEN AT THE FEBRUARY BOARD OF TRUSEE MEETING THIS SLATE WILL BE PRESENTED TO FULL BOARD FOR DISCUSSION AND APPROVAL OF THE SLATE AND UPON APPROVAL ADVANCE TO THE BOARD AT THE MAY MEETING FOR ELECTION. FORM 990, PART VI, SECTION B, LINE 11 THE OUTSIDE TAX PREPARER AND VP OF BUSINESS AND FINANCE REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE WHO IS RESPONSIBLE FOR PROVIDING FEEDBACK AND APPROVAL FOR FILING OF THE FORM. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AND COMPLETE AN ANNUAL FORM TO ENSURE COMPLIANCE WITH THE POLICY. ALL EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST IN ACCORDANCE WITH THE POLICIES SET OUT IN THE EMPLOYEE HANDBOOK. IF ANY TRUSTEE, OFFICER, DIRECTOR, AND/OR EMPLOYEE GIVES NOTICE OF A CONFLICT OF INTEREST OR RELATIONSHIP, HE/SHE SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE/SHE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE ORGANIZATION, OR ITS COMPONENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. FOR EMPLOYEES, THE EMPLOYEE'S IMMEDIATE SUPERVISOR AND THE DIRECTOR OF HUMAN RESOURCES WILL REVIEW THE CONFLICT OF INTEREST FORM. THE VP OF BUSINESS AND FINANCE/TREASURER WILL ALSO REVIEW THE FORMS FOR CONFLICTS OF INTEREST AND WILL TAKE APPROPRIATE ACTION. IF THE INTEREST IS DEEMED A CONFLICT, IT WILL BE PRESENTED TO THE PRESIDENT AND TO ADMINISTRATIVE COUNCIL FOR DISCUSSION AND POSSIBLE ACTION. FOR BOARD MEMBERS, THE CONFLICT OF INTEREST FORMS WILL BE DISCUSSED AT THE BOARD MEETING. IF A CONFLICT OF INTEREST OR RELATIONSHIP IS DEEMED BY THE BOARD, THE CONFLICTED BOARD MEMBER WILL BE REQUIRED TO RECUSE HIM OR HERSELF FROM INVOLVEMENT IN ANY DECISION OR DISCUSSION WHICH THE CONFLICT HAS BEEN IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S SALARY AND BENEFITS ARE SET ANNUALLY BY AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AFTER REVIEWING INFORMATION ON COMPARABLE SALARIES FOR UNIVERSITY PRESIDENTS. THERE IS A WRITTEN AGREEMENT FOR COMPENSATION OF THE PRESIDENT EMERITUS THAT WAS APPROVED BY THE BOARD OF TRUSTEES. OTHER OFFICER AND KEY EMPLOYEE SALARIES ARE DETERMINED BY THEIR SUPERVISORS USING COMPARATIVE UNIVERSITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: BRUCE WOOLLEY, TRUSTEE, WAS COMPENSATED AS AN INDEPENDENT CONTRACTOR FOR PROVIDING PROFESSIONAL SERVICES OUTSIDE OF HIS BOARD DUTIES. THE ORGANIZATION HAS DETERMINED THAT CERTAIN PERSONS LISTED AS KEY EMPLOYEES ON PRIOR YEAR RETURNS DID NOT RISE TO THE LEVEL OF INFLUENCE OR AUTHORITY PROVIDED IN THE FORM 990 INSTRUCTIONS AND DEFINITION OF KEY EMPLOYEE. SOME SUCH INDIVIDUALS CONTINUE TO BE EMPLOYED BY THE ORGANIZATION BUT ARE NOT CURRENT OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, OR AMONG THE CURRENT 5 HIGHEST COMPENSATED EMPLOYEES AND ARE NOT BEING REPORTED AS FORMER KEY EMPLOYEES. FORM 990, PART XI, LINE 9: CURRENT YEAR NET INCOME OF SUBSIDIARIES -13,452. ROSEMAN MEDICAL AND EDUCATIONAL RESEARCH LLC (RMER) 11 SUNSET WAY HENDERSON NV 89014 MEDICAL EDUCATION & RESEARCH NV 10224 11504778 ROSEMAN UNIVERSITY OF HEALTH SCIENCES ROSEMONT ENTERPRISES II LLC 11 SUNSET WAY HENDERSON NV 89014 MEDICAL EDUCATION & RESEARCH NV 0 0 ROSEMAN UNIVERSITY OF HEALTH SCIENCES ROSEMAN BIOTECHNOLOGIES LLC 11 SUNSET WAY HENDERSON NV 89014 MEDICAL EDUCATION & RESEARCH NV 0 0 ROSEMAN UNIVERSITY OF HEALTH SCIENCES ROSEMAN UNIVERSITY HEALTH SYSTEM (DBA ROSEMAN MEDICAL GROUP) 11 SUNSET WAY HENDERSON NV 89014 814425246 MEDICAL EDUCATION & RESEARCH NV 501(C)(3) LINE 11A, I ROSEMAN UNIVERSITY OF HEALTH SCIENCES 1 ROSEMAN UNIVERSITY FOUNDATION 11 SUNSET WAY HENDERSON NV 89014 814412871 MEDICAL EDUCATION & RESEARCH NV 501(C)(3) LINE 7 ROSEMAN UNIVERSITY OF HEALTH SCIENCES 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0