2017-02-10T14:17:17-07:00 2016-06-30 990 2015-07-01 540506314 HOLLINS UNIVERSITY CORPORATION HOLL 5403626343 PO BOX 9658 Roanoke VA 240201658 Kerry Edmonds VP of Finance & Administration 5403626630 2017-02-10 2015 2021-01-29 14:40:06Z KERRY EDMONDS PO BOX 9658 ROANOKE VA 24020 77674087 0 X WWW.HOLLINS.EDU X 1842 VA OPERATION OF A PRIVATE, NON-PROFIT UNIVERSITY 25 25 1078 1 -139153 0 15068786 21062547 29113173 31653888 12658079 12830776 394661 597637 57234699 66144848 13916554 15746992 0 0 721248 660839 0 0 990000 33886780 35432225 48524582 51840056 8710117 14304792 243747493 235693295 5847309 4908311 237900184 230784984 HOLLINS UNIVERSITY IS AN INDEPENDENT LIBERAL ARTS UNIVERSITY DEDICATED TO ACADEMIC EXCELLENCE AND HUMANE VALUES. HOLLINS UNIVERSITY OFFERS UNDERGRADUATE LIBERAL ARTS EDUCATION FOR WOMEN, SELECTED GRADUATE PROGRAMS FOR MEN AND WOMEN, AND COMMUNITY OUTREACH INITIATIVES. THE HOLLINS COMMUNITY SUSTAINS TALENTED STUDENTS ENGAGED IN CHALLENGING STUDY, AND PRODUCTIVE SCHOLARS AND ARTISTS DEVOTED TO TEACHING AND TO THE ADVANCEMENT OF KNOWLEDGE. THE HALLMARKS OF A HOLLINS EDUCATION ARE CREATIVITY AND EFFECTIVE SELF-EXPRESSION, PROBLEM SOLVING AND CRITICAL THINKING SKILLS, AND INDEPENDENT INQUIRY AND THE FREE EXCHANGE OF IDEAS. OUR UNIVERSITY MOTTO, LEVAVI OCULOS, CALLS US TO LEADERSHIP AND SERVICE IN ACCORD WITH THE HOLLINS VALUES AND TRADITIONS. 0 0 43365784 15746992 31653888 HOLLINS UNIVERSITY IS A NONPROFIT INSTITUTION OF HIGHER EDUCATION OFFERING UNDERGRADUATE, GRADUATE, EXCHANGE, AND ABROAD EDUCATION PROGRAMS. THESE PROGRAMS PREPARE OUR STUDENTS FOR LIVES OF ACTIVE LEARNING AND ACHIEVEMENT. 0 0 0 43365784 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 162 0 1 1078 1 1 1 1 FR UK 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X KERRY EDMONDS 5403626343 PO BOX 9658 Roanoke VA 240201658 NANCY GRAY PRESIDENT, TRUSTEE EX-OFFI 40 0 X X 383174 0 53352 THOMAS BARRON TRUSTEE 3 0 X 0 0 0 SUZANNE ALLEN REDPATH VICE-CHAIR OF THE BOARD 3 0 X 0 0 0 CLARK HOOPER BARUCH TRUSTEE 3 0 X 0 0 0 SUSAN DOBBS TRUSTEE 3 0 X 0 0 0 CYNTHIA HALE TRUSTEE 3 0 X 0 0 0 JUDY LAMBETH CHAIR OF THE BOARD 3 0 X 0 0 0 ALEXANDRA TROWER TRUSTEE 3 0 X 0 0 0 LINDA LORIMER TRUSTEE 3 0 X 0 0 0 ELIZABETH MCDONNELL TRUSTEE 3 0 X 0 0 0 HAROLD MCLEOD III TRUSTEE 3 0 X 0 0 0 CHARLOTTE PORTERFIELD TRUSTEE 3 0 X 0 0 0 ELIZABETH PRITCHARD TRUSTEE 3 0 X 0 0 0 WILLIAM TRINKLE TRUSTEE 3 0 X 0 0 0 WILLIAM WILEY TRUSTEE 3 0 X 0 0 0 SANDRA FRAZIER TRUSTEE 3 0 X 0 0 0 ELIZABETH MARSH TRUSTEE 3 0 X 0 0 0 SANDRA KOLB TRUSTEE 3 0 X 0 0 0 DUDLEY MACFARLANE TRUSTEE 3 0 X 0 0 0 NATASHA TRETHEWEY TRUSTEE 3 0 X 0 0 0 JUDY MORRILL TRUSTEE 3 0 X 0 0 0 MARY VIRGINIA REEDER TRUSTEE 3 0 X 0 0 0 JENNY VAN LEEUWEN HARRINGTON TRUSTEE 3 0 X 0 0 0 LESLIE DUNNE KETNER TRUSTEE 3 0 X 0 0 0 PATRICIA PEACE RAWLS TRUSTEE 3 0 X 0 0 0 SAVON SHELTON SAMPSON TRUSTEE 3 0 X 0 0 0 KERRY EDMONDS VP-FINANCE & ADMIN/TREASURER 40 0 X 174270 0 38540 BROOK DICKSON SECRETARY OF THE BOARD 40 0 X 64020 0 9713 PATRICIA HAMMER VP-ACADEMIC AFFAIRS 40 0 X 142755 0 11400 RICHARD DILLARD PROFESSOR 40 0 X 111032 0 13705 AUDREY STONE VP-EXTERNAL RELATIONS 40 0 X 156894 0 23085 SUZANNE MINK SENIOR PHILANTHROPIC ADVISOR 40 0 X 133191 0 15523 JEFFERY BULLOCK PROFESSOR 40 0 X 107715 0 13487 1273051 0 178805 8 0 1 0 MERIWETHER GODSEY INC 4944 OLD BOONSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES 2168588 CARILION HEALTHCARE CORP PO BOX 40032 ROANOKE VA 24022 HEALTH CARE SERVICES 327065 R L PRICE CONSTRUCTION INC 2166 SALEM INDUSTRIAL DR SALEM VA 24153 CONSTRUCTION 382939 ROYALL AND COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 ENROLLMENT MANAGEMENT SERVICES 271762 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 INVESTMENT MANAGEMENT 480088 10 0 0 0 0 250734 20811813 962179 21062547 STUDENT FEES 611310 24915732 24915732 0 0 DORM & OTHER RENTS 721000 3781115 3781115 0 0 CAFETERIA DINING HALL 722310 2285409 2285409 0 0 SPONSORED PROGRAMS 900099 353173 353173 0 0 OTHER AUX SRVCS 900099 318459 310231 8228 0 0 0 0 0 31653888 1369622 0 0 1369622 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22922308 0 11461154 0 11461154 0 11461154 0 0 11461154 0 0 0 0 0 0 144690 68085 76605 0 76605 0 OTHER INCOME 900099 521032 745018 -223986 0 0 0 0 0 521032 66144848 32390678 -139153 12830776 0 0 14992908 14992908 754084 754084 0 0 660839 0 660839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2669985 2669985 0 0 0 0 0 0 INSTRUCTIONAL 12925001 12925001 0 0 AUXILLARY & STUDENT SRVCS 8389165 8389165 0 0 INSTITUTIONAL SUPPORT 5538891 0 4548891 990000 ACADEMIC SUPPORT & RESEARCH 3634641 3634641 0 0 2274542 0 2274542 0 51840056 43365784 7484272 990000 12694773 12713514 12740602 14645038 2302868 2465996 0 0 0 0 1866341 1754296 0 0 0 0 107766327 66190706 42469397 41575621 110365595 147295965 61307917 15242865 0 0 0 0 0 0 243747493 235693295 2135026 1352162 0 0 2019443 1968176 0 0 0 0 0 0 186328 126663 0 0 1506512 1461310 5847309 4908311 X 55884976 47747235 67083337 53266169 114931871 129771580 237900184 230784984 243747493 235693295 X 14304792 -21264841 0 0 0 -155151 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1186 1186 0 Schedule C, Part II-B, Line 1 THE UNIVERSITY IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA(CICV),WHICH IS AN ASSOCIATION OF 27 VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES. THE CICV WORKS TO PROMOTE THE INTERESTS OF NON PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINIA. CICV COORDINATES THE ADVOCACY OF VIRGINIA'S INDEPENDENT COLLEGES FOR INCREASED FUNDING FOR THE STATE'S TUITION ASSISTANCE GRANT (TAG) AND OTHER PROGRAMS ASSISTING STUDENTS AT INDEPENDENT COLLEGES. CICV ALSO MONITORS LEGISLATIVE AND REGULATORY ACTIONS WHICH AFFECT VIRGINIA PRIVATE COLLEGES. IN FY 2015-2016, THE UNIVERSITY PAID $9,717 IN MEMBERSHIP DUES WHICH WAS BASED UPON STUDENT POPULATION. THE CICV CALCULATED A GOOD FAITH ESTIMATE OF THE PERCENTAGE OF MEMBERSHIP DUES THAT WILL BE USED FOR LOBBYING DURING FY 2015-2016 AS 12.21%. 0 0 X X X 0 173100354 16019351 -8129674 4736953 8072600 480088 167700390 183024976 3026072 167529 4706458 8117289 294476 173100354 167746893 3416164 24568842 4638244 7912679 156000 183024976 158309121 3008826 15462702 2865500 6017256 151000 167746893 158442092 5336486 933792 2023152 4229126 150971 158309121 0.011 0.7738 0.2152 0 0 1784563 0 1784563 78340830 0 43980767 34360063 3968879 0 3043976 924903 23417774 0 19165963 4251811 254281 0 0 254281 41575621 0 0 OTHER ALTERNATIVE INVESTMENTS 15242865 F 15242865 0 CHARIT GIFT ANNUITY & TRUST 612967 US GOVT GRANTS REFUNDABLE 848343 1461310 X 28977864 -21264841 0 0 0 -21264841 50242705 0 15902143 15902143 66144848 36093064 0 0 0 0 0 36093064 0 15746992 15746992 51840056 Schedule D, Part III, Line 1 HOLLINS UNIVERSITY DOES NOT HAVE A FOOTNOTE IN ITS FINANCIAL STATEMENTS REGARDING THE ELECTION UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET ITS COLLECTIONS OF ART, HISTORICAL TREASURES AND OTHER SIMILAR ASSETS, BECAUSE OF MATERIALITY. Schedule D, Part III, Line 4 THE MUSEUM HOUSES A DEDICATED PERMANENT COLLECTION AND EDUCATIONAL RESOURCE CENTER, WHICH IS AVAILABLE TO STUDENTS, TEACHERS, AND OTHER PATRONS WHO ARE INTERESTED IN FURTHERING THEIR STUDY OF ART IN THE MUSEUM'S PERMANENT COLLECTION. IT ALSO FUNCTIONS AS A SMALL EDUCATIONAL CENTER FOR GROUPS AND CLASSES, PROVIDING A FORUM FOR DISCUSSION, WORKSHOPS, AND PROJECTS BASED ON EXHIBITIONS. Schedule D, Part V, Line 4 THE UNIVERSITY INTENDS TO USE THE ENDOWMENT FUNDS FOR SCHOLARSHIPS, STUDY ABROAD OPPORTUNITIES, CAPITAL IMPROVEMENTS, FACULTY COMPENSATION, FACULTY AND STUDENT RESEARCH AND OTHER OPERATING NEEDS BASED ON BOARD APPROVED SPENDING. Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501 C 3 OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER THE PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2016 AND 2015 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE UNIVERSITY'S RESULTS OF ACTIVITIES. THE FEDERAL FORMS 990 OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. Schedule D, Part XI, Line 4b GRANTS PAID: $15,746,992 AND CHANGE IN SPLIT-INTEREST AGREEMENTS: $155,151 Schedule D, Part XII, Line 4b GRANTS PAID - $15,746,992 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 HOLLINS UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY ON ITS OWN WEBSITE AND IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. HOLLINS UNIVERSITY THEREFORE SATISFIES THE PUBLICITY REQUIREMENTS AS SET FORTH IN REV PROC 75-50. Schedule E, Part I, Line 6 HOLLINS UNIVERSITY RECEIVES ASSISTANCE FROM GOVERNMENT AGENCIES FOR STUDENT ASSISTANCE PROGRAMS. THE FOLLOWING IS A LIST OF THESE GOVERNMENT GRANTS RECEIVED - SEOG, FEDERAL COLLEGE WORK STUDY, PELL GRANT PROGRAM, VIRGINIA TUITION ASSISTANCE GRANT, VIRGINIA COLLEGE SCHOLARSHIP ASSISTANCE, AND VIRGINIA TRANSFER GRANT. 1 Europe (including Iceland and Greenland) 3 4 Program Services INSTRUCTIONAL ACTIVITIES 965790 3 4 965790 STUDY ABROAD SCHOLARSHIPS East Asia and the Pacific 4 50660 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS Europe (including Iceland and Greenland) 45 636781 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS South America 4 56169 STUDENT ACCOUNT 0 N/A N/A STUDY ABROAD SCHOLARSHIPS Sub-Saharan Africa 1 10474 STUDENT ACCOUNT 0 N/A N/A 0 0 0 0 0 0 Schedule F, Part I, Line 2 GRANTS AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES CONSIST OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS TO THE STUDENTS STUDYING ABROAD. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH THE UNIVERSITIES' POLICIES AND PROCEDURES AS WELL AS LAWS AND REGULATIONS. 1 SCHOLARSHIPS FOR STUDENTS 753 14837722 0 N/A N/A SEOG 71 67700 0 N/A N/A FEDERAL COLLEGE WORK STUDY 118 87486 0 N/A N/A Schedule I, Part I, Line 2 GRANTS AWARDED TO INDIVIDUALS IN THE UNITED STATES CONSIST OF STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH THE UNIVERSITIES' POLICIES AND PROCEDURES AS WELL AS LAWS AND REGULATIONS. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 NANCY GRAY PRESIDENT, TRUSTEE EX-OFFI 289839 0 0 0 93335 0 46200 0 8095 0 437469 0 80925 0 KERRY EDMONDS VP-FINANCE & ADMIN/TREASURER 173260 0 0 0 1010 0 34205 0 5054 0 213529 0 0 0 AUDREY STONE VP-EXTERNAL RELATIONS 156894 0 0 0 0 0 11649 0 11964 0 180507 0 0 0 PATRICIA HAMMER VP-ACADEMIC AFFAIRS 142755 0 0 0 0 0 11400 0 521 0 154676 0 0 0 Schedule J, Part I, Line 1a THE PRESIDENT IS PROVIDED HOUSING AND HOUSEKEEPING SERVICES. TRAVEL IS PAID FOR THE PRESIDENT'S HUSBAND FOR BONA FIDE BUSINESS PURPOSES. CERTAIN FRINGE BENEFITS PROVIDED TO THE PRESIDENT AND THE VICE-PRESIDENT OF ADMINISTRATION AND FINANCE INCLUDE GROSS-UP PAYMENTS FOR RELATED TAXES PAID BY THE UNIVERSITY ON THEIR BEHALF. THE VICE-PRESIDENT OF ACADEMIC AFFAIRS IS PROVIDED HOUSING ONLY. THE PRESIDENT AND VICE-PRESIDENT OF ACADEMIC AFFAIRS ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. Schedule J, Part I, Line 3 SEE SCHEDULE O EXPLANATION FOR PART VI, SECTION B, LINE 15 Schedule J, Part I, Line 4 THE UNIVERSITY HAS A SUPPLEMENTAL DEFERRED COMPENSATION AGREEMENT FOR THE PRESIDENT, WHICH IS AN INELIGIBLE DEFERRED COMPENSATION PLAN FOR PURPOSES OF SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY PAID THE PRESIDENT $80,925 UNDER THIS PLAN IN FEBRUARY 2015. A NEW AGREEMENT WAS ISSUED EFFECTIVE JULY 1, 2013 FOR FISCAL YEARS 2015 AND 2016. IN FEBRUARY 2016 THE AGREEMENT WAS AMENDED TO INCLUDE FISCAL YEAR 2017. THE UNIVERSITY CONTRIBUTED $25,000 FOR CALENDAR YEAR 2016, WHICH IS NOT PAYABLE TO THE PRESIDENT UNTIL AFTER THE VESTING DATE OF JUNE 30, 2017. EFFECTIVE BEGINNING WITH CALENDAR YEAR 2015, THE UNIVERSITY HAS A SUPPLEMENTAL DEFERRED COMPENSATION PLAN FOR PURPOSES OF SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. THE UNIVERSITY CONTRIBUTED $20,000 FOR CALENDAR YEAR 2016, WHICH IS NOT PAYABLE UNTIL AFTER THE VESTING DATE OF JUNE 30, 2019. X 2 422245 OPINION OF EXPERTS X HORSES 8 532000 OPINION OF EXPERTS 7 0 1 0 Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING AND A COPY OF THE 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c THE SECRETARY TO THE BOARD OF TRUSTEES DISTRIBUTES THE CONFLICT OF INTEREST ANNUAL DISCLOSURE STATEMENTS TO THE TRUSTEES AND THE HUMAN RESOURCES OFFICE DISTRIBUTES THE STATEMENTS TO COVERED EMPLOYEES IN THE FALL AND EACH IS RESPONSIBLE FOR ENSURING THAT ALL DISTRIBUTED STATEMENTS ARE COMPLETED AND RETURNED TO THEIR RESPECTIVE OFFICES. WHEN A STATEMENT IS RECEIVED THAT IDENTIFIES A POTENTIAL CONFLICT THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION IS NOTIFIED, WITH A COPY TO THE PRESIDENT AND CHAIR OF THE BOARD OF TRUSTEES IF IT INVOLVES A TRUSTEE. THE VPFA THEN REPORTS TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ANY DISCLOSURES MADE ON THE STATEMENTS AND THE AUDIT COMMITTEE DETERMINES IF THERE ARE ANY POTENTIAL CONFLICTS AND IF SO, APPROPRIATE RESOLUTIONS ARE RECOMMENDED TO THE EXECUTIVE COMMITTEE OF THE BOARD. Form 990, Part VI, Section B, Line 15 HOLLINS UNIVERSITY PARTICIPATES IN THE ANNUAL COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) ADMINISTRATIVE COMPENSATION SURVEY. THE CUPA-HR SALARY SURVEY PROVIDES THE UNIVERSITY ACCESS TO THE MOST COMPREHENSIVE COMPARABLE SALARY DATA BY ADMINISTRATIVE POSITION IN HIGHER EDUCATION. IN THE 2015 TAX YEAR, THE VPFA GATHERED COMPARABLE DATA FOR THE PRESIDENT'S POSITION AND SENIOR LEADERSHIP POSITIONS USING TWO KEY COMPARISON GROUPS: (A) TWENTY-ONE (21) OF THE COUNCIL OF INDEPENDENT COLLEGES OF VIRGINIA (CICV) INSTITUTIONS THAT PARTICIPATED IN THE CUPA-HR SURVEY AND (B) ELEVEN (11) OF THE SMALLER, PRIVATE LIBERAL ARTS COLLEGES IN OUR REGION. THE SURVEY PROVIDES THE AVERAGE, MEDIAN, MINIMUM, MAXIMUM AND ADDITIONAL PERCENTILES. ADDITIONALLY, COMPARATIVE DATA FROM THE YAFFEE EXECUTIVE COMPENSATION SURVEY FOR LIBERAL ARTS INSTITUTIONS WAS USED DURING 2015 TAX YEAR. THE DATA IS SEGMENTED BASED UPON STUDENT ENROLLMENT, ENDOWMENT AND OPERATING BUDGET. THE COMPARABLE SALARY DATA FOR THE PRESIDENT'S POSITION IS PROVIDED TO THE CHAIR OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS A PERFORMANCE REVIEW OF THE PRESIDENT ANNUALLY. THE CHAIR SHARES THE SALARY DATA WITH THE EXECUTIVE COMMITTEE AND TAKING INTO CONSIDERATION THE PERFORMANCE REVIEW OF THE PRESIDENT, THE CHAIR AND THE EXECUTIVE COMMITTEE SET THE COMPENSATION LEVEL FOR THE PRESIDENT FOR THE YEAR. THE COMPARABLE DATA FOR THE SENIOR LEADERSHIP POSITIONS IS PROVIDED TO THE PRESIDENT. THE PRESIDENT CONDUCTS PERFORMANCE REVIEWS OF THE SENIOR LEADERS ANNUALLY. TAKING INTO CONSIDERATION THE PERFORMANCE OF THE INDIVIDUALS AND EVALUATING THE COMPARABLE SALARY DATA, THE PRESIDENT SETS THE COMPENSATION LEVEL FOR THE SENIOR LEADERSHIP FOR THE YEAR. Form 990, Part VI, Section C, Line 19 HOLLINS UNIVERSITY MAKES ITS IRS FORM 990 AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE, OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - $-155,151