2017-01-10T10:15:55-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS ST STE 1000 PEORIA IL 61602 990 2015-07-01 362177133 SAINT XAVIER UNIVERSITY SAIN 7732983000 3700 WEST 103RD ST CHICAGO IL 60655 CHRISTINE M WISEMAN PRESIDENT 7732983000 2017-01-10 1 SAMUEL A CIGELNIK P00324762 3096714500 2015 2021-01-29 14:40:06Z CHRISTINE M WISEMAN 3700 WEST 103RD ST CHICAGO IL 60655 109632880 0 X WWW.SXU.EDU X 1846 IL SAINT XAVIER UNIVERSITY (SXU) EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 19 19 1716 8 1093835 0 5191966 2738949 99151425 102059918 1314300 -133083 1474556 1369039 107132247 106034823 31984153 36265854 0 0 44878809 44229952 0 0 1579156 29148177 28839887 106011139 109335693 1121108 -3300870 131854212 128854812 60400681 61310390 71453531 67544422 X SAINT XAVIER UNIVERSITY (SXU) EDUCATES MEN AND WOMEN TO SEARCH FOR THE TRUTH, THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND SERVE WISELY AND COMPASSIONATELY IN SUPPORT OF HUMAN DIGNITY AND THE COMMON GOOD. 0 0 87509535 36265854 95959683 SAINT XAVIER UNIVERSITY IS AN INDEPENDENT, CATHOLIC, COMPREHENSIVE UNIVERSITY OFFERING BACHELORS AND MASTER'S DEGREES TO A DIVERSE POPULATION OF NEARLY 4,000 STUDENTS. SXU OFFERS GRADUATE AND UNDERGRADUATE PROGRAMS IN BUSINESS ADMINISTRATION, LIBERAL AND SCIENCES, NURSING AND EDUCATION. BASED ON FALL SEMESTER STATISTICS, FULL-TIME EQUIVALENT STUDENTS ("FTES") ENROLLED IN THE UNIVERSITY IN THE 2016 FISCAL YEAR AT THE UNDERGRADUATE LEVEL WERE 2,806 AND AT THE GRADUATE LEVEL WERE 499, HEADCOUNTS WERE 2,998 FOR UNDERGRADUATE AND 951 FOR GRADUATE. DURING THE FISCAL YEAR 2015, FALL SEMESTER FTE'S AT THE UNDERGRADUATE LEVEL WERE 2,793 AND AT THE GRADUATE LEVEL WERE 572, HEADCOUNTS WERE 2,974 FOR UNDERGRADUATE AND 1,099 FOR GRADUATE. ADDITIONALLY, DURING THE 2016 FISCAL YEAR, THE UNIVERSITY'S FACULTY CONSISTED OF 181 FULL-TIME EMPLOYEES (FTE'S). COMPARABLE COUNTS FOR FISCAL YEAR 2015 WERE 190 FULL-TIME. SAINT XAVIER UNIVERSITY'S FULL-TIME UNDERGRADUATE ENROLLMENT (HEADCOUNT) RANGED FROM 2,382 TO 2,615 BETWEEN 2005-2015, AND EIGHT NEW FACILITIES WERE ADDED OVER THE LAST TEN YEARS. WITH 39 UNDERGRADUATE DEGREE PROGRAMS AND OVER 40 GRADUATE PROGRAM OPTIONS IN THE COLLEGE OF ARTS AND SCIENCES, THE SCHOOL OF EDUCATION, THE SCHOOL OF NURSING, THE GRAHAM SCHOOL OF MANAGEMENT, AND THE SCHOOL FOR GRADUATE AND CONTINUING EDUCATION, SAINT XAVIER OFFERS A FIRM FOUNDATION IN THE LIBERAL ARTS ALONG WITH SOLID CAREER PREPARATION. SAINT XAVIER CONTINUES TO RANK AS ONE OF THE TOP 50 COMPREHENSIVE MASTER'S UNIVERSITIES IN THE MIDWEST BY US NEWS & WORLD REPORT'S AMERICA'S BEST COLLEGES. 87509535 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5796 0 1 1716 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DIANE STALLMANN 7732983089 3700 WEST 103RD ST CHICAGO IL 60655 CAROL A KEENE TRUSTEE 1.00 X 0 0 0 CHRISTINE M WISEMAN PRESIDENT 40.00 X X 358936 0 26091 DEBRA HENDRICKSON TRUSTEE 1.00 X 0 0 0 JOHN DELEONARDIS TRUSTEE 1.00 X 0 0 0 JOHN SIMMONS TRUSTEE 1.00 X 0 0 0 JOHN T COSTELLO CHAIRMAN 1.00 X 0 0 0 MARY CLARE LOFTUS TRUSTEE 1.00 X 0 0 0 PATRICIA A MORRIS TRUSTEE 1.00 X 0 0 0 RAYMOND L KRATZER TRUSTEE 1.00 X 0 0 0 REVEREND JOHN F CANARY TRUSTEE 1.00 X 0 0 0 ROGER O CROCKETT TRUSTEE 1.00 X 0 0 0 SISTER MARGARET MARY KNITTEL RSM TRUSTEE 1.00 X 0 0 0 SISTER MARY ANN BERGFELD RSM TRUSTEE 1.00 X 0 0 0 SISTER MAUREEN SCOTT RSM TRUSTEE 1.00 X 0 0 0 SISTER SHEILA E MEGLEY RSM TRUSTEE 1.00 X 0 0 0 THOMAS FOLEY TRUSTEE 1.00 X 0 0 0 TIMOTHY TRAHEY TRUSTEE 1.00 X 0 0 0 VERNON O CRAWLEY TRUSTEE 1.00 X 0 0 0 TASHA HENDERSON TRUSTEE 1.00 X 0 0 0 LUIS NUNEZ TRUSTEE 1.00 X 0 0 0 KATHLEEN RINEHART GENERAL COUNSEL/SECRETARY 40.00 X 216613 0 25159 ROBERT FISHER VICE PRESIDENT & CFO/TREASURER 40.00 X 251815 0 10701 GLORIA JACOBSON DEAN, SON 40.00 X 172112 0 26505 KATHLEEN ALAIMO PROVOST, ACADEMIC AFFAIRS 40.00 X 163533 0 10658 ASGHAR SABBAGHI DEAN, SCHOOL OF MANAGEMENT 40.00 X 197512 0 29167 SHEREITTE STOKES VICE PRESIDENT, UNIVERSITY ADVANCEMENT 40.00 X 186262 0 34416 JOHN PELRINE VICE-PRESIDENT, STUDENT AFFAIRS 40.00 X 148184 0 9130 KENNETH RAKOW PROFESSOR 40.00 X 145305 0 1355 PAUL DEVITO PROVOST, ACADEMIC AFFAIRS 40.00 X 141211 0 16654 ROBERT TENCZAR VICE PRESIDENT, UNIVERSITY RELATIONS 40.00 X 141623 0 23524 RICHARD VENNERI ASSOCIATE PROVOST, ACADEMIC AFFAIRS 40.00 X 127277 0 24529 RAYMOND CATANIA FORMER VP/CFO 40.00 X 120595 0 0 ANGELA DURANTE PROFESSOR, FORMER PROVOST 40.00 X 143170 0 19293 JOHN EBER FORMER PROFESSOR 40.00 X 118220 0 8662 2632368 0 265844 45 1 1 0 CHARTWELLS DINING SERVICES PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 4024198 DELTAK EDU INC 1415 W 22ND STREET SUITE 400 OAK BROOK IL 60523 ONLINE EDUCATION SERVICES 1430316 COMPUTER DISCOUNT WAREHOUSE 230 N MILWAUKEE AVE VERNON HILLS IL 60061 INFORMATION TECHNOLOGY 595976 HOGAN LOVELLS US LLP 555 THIRTEENTH ST NW WASHINGTON DC 20004 LEGAL SERVICES 330893 ELLUCIAN INC 4375 FAIR LAKES COURT FAIRFAX VA 22033 INFORMATION TECHNOLOGY - ERP SYSTEM 311726 34 245096 1220491 1273362 66118 2738949 TUITION 611310 95148122 95148122 ROOM AND BOARD 611310 6109489 6109489 BOOKSTORE REVENUE 611310 116822 116822 WORKSHOP REVENUE 611310 103475 103475 582010 582010 102059918 162168 162168 76452 0 76452 76452 76452 2751920 378164 2565781 859554 186139 -481390 -295251 -295251 80150 245096 172722 -92572 -92572 RESTAURANT FOOD SALES 722210 479950 126076 353874 CONFERENCE REVENUE 611710 408052 408052 PARKING FEE REVENUE 611600 241700 241700 255457 255457 1385159 106034823 95959683 1093835 6242356 X 11000 11000 36254854 36254854 1455777 517021 749108 189648 34871452 27210867 6990542 670043 931306 680312 230021 20973 4444680 3246806 1097781 100093 2526737 1845763 624073 56901 160126 160126 100475 100475 2686444 2398826 202927 84691 1741709 142 1735279 6288 450727 55319 364937 30471 498458 498458 4735899 1779457 2903649 52793 924459 859449 59599 5411 118878 106193 12664 21 1108294 1108294 5748866 3995894 1613374 139598 859621 71817 787804 FOOD SERVICES 3787830 3787830 TUITION WAIVERS 1775902 1249082 456664 70156 EQUIPMENT AND MAINTENAN 1614804 300825 1302309 11670 BAD DEBT 723625 723625 1803770 1531326 132045 140399 109335693 87509535 20247002 1579156 13789363 15301662 680000 680000 1956659 5062169 2917493 2702108 3118667 2976148 2473725 2049052 172163401 81903628 95144486 90259773 9445900 7907757 627485 540736 1700434 1375407 131854212 128854812 5584090 8350709 1439711 1305787 40828171 38923789 5000000 5000000 7548709 7730105 60400681 61310390 X 55695712 52258843 7173520 6726629 8584299 8558950 71453531 67544422 131854212 128854812 X -3300870 -473566 -134673 X X 0 1 X 1 1 1 X 7721857 5051683 6498762 5191966 2738949 27203217 7721857 5051683 6498762 5191966 2738949 27203217 27203217 527382 363206 274703 181449 238620 1585360 507082 503829 1169393 1081616 1093835 4355755 306140 348742 255697 318432 291324 1520335 34664667 491626970 0.78480 0.80540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 21.40 0 0 1 0 10375788 146469 -125512 102353 181577 10112815 10125465 207622 108157 65456 10375788 8649207 420387 1101986 46115 10125465 7968066 203035 632087 153981 8649207 8016905 235149 -166209 117779 7968066 0.09100 0.07400 0.83500 1 0 9577623 9577623 123243568 48366199 74877369 39011436 33537429 5474007 330774 330774 90259773 CONDITIONAL ASSET RETIREMENT OBLIGATION 4393937 STUDENT DEPOSITS 112250 REFUNDABLE GOVERNMENT LOANS 3223918 7730105 X 69479125 -473566 -473566 69952691 36082132 36082132 106034823 73253561 0 73253561 36082132 36082132 109335693 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO FACILITATE DONORS' DESIRES TO MAKE SUBSTANTIAL LONG-TERM GIFTS TO THE COMMUNITY AND TO DEVELOP A NEW AND SIGNIFICANT SOURCE OF REVENUE FOR THE UNIVERSITY. IN SO DOING, THE ENDOWMENT FUND WILL PROVIDE A SECURE, LONG-TERM SOURCE OF FUNDS TO 1) STABILIZE AGENCY FUNDING DURING PERIODS OF BELOW NORMAL ANNUAL CAMPAIGNS, 2) FUND SPECIAL GRANTS 3) ENSURE LONG-TERM GROWTH 4) ENHANCE OUR ABILITY TO MEET CHANGING COMMUNITY NEEDS IN BOTH THE SHORT AND LONG-TERM, AND, 5) SUPPORT THE ADMINISTRATIVE EXPENSES OF THE UNIVERSITY AS DEEMED APPROPRIATE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY DETERMINED THAT IS WAS NOT REQUIRED TO RECORD A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. THE FEDERAL AND STATETAX RETURNS OF THE UNIVERSITY FOR 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 36,254,854. FUNDRAISING EXPENSES -172,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL FINANCIAL AID 36,254,854. FUNDRAISING EXPENSES -172,722. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SXU PUBLISHES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE AT WWW.SXU.EDU. THE UNIVERSITY SEEKS STUDENTS OF DIVERSE TALENTS, EXPERIENCES, KNOWLEDGE, INTERESTS, AND CULTURES WHO ARE WILLING TO LEARN, AND TO SEEK EXCELLENCE IN THEMSELVES AND OTHERS. ONE OF THE CORE VALUES OF THE UNIVERSITY IS DIVERSITY. DIVERSITY BUILDS A COMMUNITY THAT FOSTERS A CLIMATE THAT IS OPEN AND WELCOMING TO DIVERSE PEOPLE, IDEAS, AND PERSPECTIVES, THAT PROMOTES A CONSTRUCTIVE DISCOURSE ON THE NATURE OF DIVERSITY, AND THAT ENGAGES FACULTY, STAFF AND STUDENTS IN ACTIVITIES THAT PROMOTE THE UNIVERSITY'S CORE VALUES. SXU ADMITS QUALIFIED STUDENTS WITHOUT REGARD TO RACE, RELIGION, AGE, SEX, NATIONAL OR ETHNIC ORIGIN. THE UNIVERSITY DOES NOT DISCRIMINATE AGAINST HANDICAPPED PERSONS WHO ARE OTHERWISE QUALIFIED TO PARTICIPATE IN THE INTELLECTUAL AND SOCIAL LIFE OF THE UNIVERSITY. SCHEDULE E, PART I, LINE 6 U.S. DEPARTMENT OF EDUCATION - $ 689,608 ILLINOIS BOARD OF HIGHER EDUCATION - $ 15,500 ILLINOIS STATE BOARD OF EDUCATION - $ 109,557 U.S. DEPT. OF HEALTH & HUMAN SERVICES - $ 341,375 CHICAGO PUBLIC SCHOOLS - $ 12,037 X X X X X X X 1 INSTITUTE FOR TRANSFORMATIONAL PHILANTHROPY PO BOX 5404 CHICAGO IL 60680 MAJOR GIFT PROSPECT PIPELINE & ANNUAL FUND LETTERS 0 45862 30000 15862 45862 30000 15862 IL ANNUAL DINNER 235637 177287 58350 88759 42200 GOLF OUTING 89609 67809 21800 6716 19820 15227 325246 245096 80150 6716 108579 57427 172722 -92572 1 MORAINE VALLEY COMMUNITY COLLEGE 362614971 5500 SUBAWARD CITY COLLEGES OF CHICAGO 362606236 5500 SUBAWARD 2 2 INSTITUTIONAL AWARDS 2823 35753395 ENDOWED AND NAMED SCHOLARSHIPS 126 501459 PART I, LINE 2: THE UNIVERSITY'S OFFICE OF FINANCIAL AID, ADMINISTERS A WIDE VARIETY OF FEDERAL, STATE, INSTITUTIONAL AND PRIVATE FINANCIAL ASSISTANCE PROGRAMS. ITS MAJOR OBJECTIVE IS THE EQUITABLE DISTRIBUTION OF FINANCIAL AID TO ALL STUDENTS. THE ORGANIZATION SERVICES IN ORDER TO HELP STUDENTS FINANCE THEIR EDUCATION. RECIPIENTS ARE DETERMINED BY ACADEMIC MERIT, AS WELL AS FEDERAL, STATE AND INSTITUTIONAL GUIDELINES. FINANCIAL AID AND SCHOLARSHIPS ARE APPLIED TOWARD TUITION CHARGES ONLY AND RECIPIENTS MUST MAINTAIN CERTAIN ELIGIBLITY REQUIREMENTS TO RECEIVE THEM. 1 X X X X 1 0 0 0 0 0 0 0 0 CHRISTINE M WISEMAN PRESIDENT 358936 0 0 0 0 0 0 0 26091 0 385027 0 0 0 KATHLEEN RINEHART GENERAL COUNSEL/SECRETARY 216613 0 0 0 0 0 0 0 25159 0 241772 0 0 0 ROBERT FISHER VICE PRESIDENT & CFO/TREASURER 251815 0 0 0 0 0 0 0 10701 0 262516 0 0 0 GLORIA JACOBSON DEAN, SON 172112 0 0 0 0 0 0 0 26505 0 198617 0 0 0 KATHLEEN ALAIMO PROVOST, ACADEMIC AFFAIRS 163533 0 0 0 0 0 0 0 10658 0 174191 0 0 0 ASGHAR SABBAGHI DEAN, SCHOOL OF MANAGEMENT 197512 0 0 0 0 0 0 0 29167 0 226679 0 0 0 SHEREITTE STOKES VICE PRESIDENT, UNIVERSITY ADVANCEME 186262 0 0 0 0 0 0 0 34416 0 220678 0 0 0 JOHN PELRINE VICE-PRESIDENT, STUDENT AFFAIRS 148184 0 0 0 0 0 0 0 9130 0 157314 0 0 0 PAUL DEVITO PROVOST, ACADEMIC AFFAIRS 141211 0 0 0 0 0 0 0 16654 0 157865 0 0 0 ROBERT TENCZAR VICE PRESIDENT, UNIVERSITY RELATIONS 141623 0 0 0 0 0 0 0 23524 0 165147 0 0 0 RICHARD VENNERI ASSOCIATE PROVOST, ACADEMIC AFFAIRS 127277 0 0 0 0 0 0 0 24529 0 151806 0 0 0 RAYMOND CATANIA FORMER VP/CFO 120595 0 0 0 0 0 0 0 0 0 120595 0 0 0 ANGELA DURANTE PROFESSOR, FORMER PROVOST 143170 0 0 0 0 0 0 0 19293 0 162463 0 0 0 JOHN EBER FORMER PROFESSOR 118220 0 0 0 0 0 0 0 8662 0 126882 0 0 0 PART I, LINE 4A RAYMOND CATANIA - $ 120,595 A ILLINOIS FINANCE AUTHORITY SERIES 2008 BONDS 861091967 45200FLH0 2008-06-25 25000000 RESIDENCE HALL CONSTRUCTION 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2006 BONDS 861091967 45200BYZ5 2006-06-08 10000000 RESIDENCE HALL CONSTRUCTION 0 0 0 A 11725000 25000000 799884 24200166 2009 0 0 1 1 B 3070000 10000000 551611 9448389 2007 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 1 B 0 X 4 3600 ESTIMATED VALUES X 10 32448 COST BASIS X GIFT CERTIFICATES 51 13347 DOLLAR VALUE OF GIFT X MISCELLANEOUS 19 9233 ESTIMATED VALUES X EVENT TICKETS 7 2544 ESTIMATED VALUE OF T X FOOD ITEMS 6 2496 ESTIMATED VALUE OF I X RAW MATERIALS FOR CAPITAL IMPROVEMENTS 2 2449 ESTIMATED VALUES 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE AUDIT COMMITTEE IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, AND MANAGEMENT STAFF WILL ENSURE THAT CHANGES ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. COPIES OF THE DRAFT FORM 990 WILL THEN BE DISTRIBUTED TO THE BOARD OF TRUSTEES IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. BOARD MEMBERS WILL BE PROVIDED WITH AT LEAST FIVE BUSINESS DAYS TO REVIEW THE FORM. THE FORM 990 WILL BE FILED ONCE A MOTION TO APPROVE HAS BEEN PASSED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED ON AN ANNUAL BASIS BY ALL INTERESTED PERSONS. COMPLETED CONFLICT OF INTEREST QUESTIONNAIRES WILL BE REVIEWED BY THE ORGANIZATION'S COMPLIANCE OFFICER (OR CHAIRMAN). IF IT IS DETERMINED AN ACTUAL CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH A CONFLICT WILL BE EXCUSED FROM ANY DISCUSSION OR VOTE ON THE MATTER FOR WHICH THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY'S INDEPENDENT EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES COMPARABILITY DATA FROM COMPENSATION SURVEYS AND STUDIES TO DETERMINE, EVALUATE AND ADJUST THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE PRESIDENT, ON A CONTRACT BASIS. THE COMPENSATION PACKAGE IS SUBJECT TO THE FULL EXECUTIVE COMMITTEE'S REVIEW AND APPROVAL AND DOCUMENTED IN A WRITTEN EMPLOYEE CONTRACT. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION PACKAGE ARE DOCUMENTED IN THE MINUTES OF THE MEETING. COMPENSATION FOR OTHER OFFICERS (FORM 990, PART VI, SECTION B, LINE 15B): THE PRESIDENT, IN CONSULTATION WITH THE OFFICE OF HUMAN RESOURCES, SETS COMPENSATION FOLLOWING A REVIEW OF (A) COMPARABLE COMPENSATION DATA FROM SIMILIARLY SITUATED COLLEGES AND UNIVERSITIES; (B) IN RELATION TO THE NATURE AND SCOPE OF THE DUTIES ASSIGNED. FACULTY COMPENSATION IS BASED ON COLLECTIVE BARGAINING AGREEMENT WHICH IS RENEWED EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 645,970. MANAGEMENT AND GENERAL EXPENSES 49,270. FUNDRAISING EXPENSES 2,970. TOTAL EXPENSES 698,210. TELEPHONE: PROGRAM SERVICE EXPENSES 276,840. MANAGEMENT AND GENERAL EXPENSES 88,083. FUNDRAISING EXPENSES 8,233. TOTAL EXPENSES 373,156. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 326,871. MANAGEMENT AND GENERAL EXPENSES 21,881. FUNDRAISING EXPENSES 1,893. TOTAL EXPENSES 350,645. DUES: PROGRAM SERVICE EXPENSES 187,640. MANAGEMENT AND GENERAL EXPENSES 134,689. FUNDRAISING EXPENSES 12,292. TOTAL EXPENSES 334,621. BOOK SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 70,147. MANAGEMENT AND GENERAL EXPENSES 953. FUNDRAISING EXPENSES 17,026. TOTAL EXPENSES 88,126. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 23,858. MANAGEMENT AND GENERAL EXPENSES -162,831. FUNDRAISING EXPENSES 97,985. TOTAL EXPENSES -40,988. FORM 990, PART XI, LINE 9: ASSET IMPAIRMENT LOSS -134,673. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND RATIFIES THE SELECTION OF THE INDEPENDENT AUDITOR AS RECOMMENDED BY THE AUDIT COMMITTEE. THIS POLICY HAS NOT CHANGED FROM PRIOR YEARS.