2015-11-09T14:16:44-06:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 042104451 REGIS COLLEGE REGI 7817687075 235 WELLESLEY STREET WESTON MA 02493 THOMAS PISTORINO VP OF FINANCE & BUSINESS 7817687075 2015-11-09 1 THOMAS A WASHBURN CPA P00537319 5083669100 2015-11-05 2014 2016-04-25 22:37:26Z THOMAS PISTORINO 235 WELLESLEY STREET WESTON MA 02493 74971579 0 X WWW.REGISCOLLEGE.EDU X 1927 MA REGIS COLLEGE EDUCATES APPROXIMATELY 2,070 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN TWO SCHOOLS; THE SCHOOL OF NURSING, SCIENCE AND HEALTH PROFESSIONS AND THE SCHOOL OF LIBERAL ARTS, EDUCATION AND SOCIAL SCIENCE, AND CONTINUING STUDIES FOR ADULT LEARNERS. THE COLLEGE OPERATES A LIBRARY, FINE ARTS CENTER, LANGUAGE AND TECHNOLOGY LABS, AUDIO VISUAL SERVICES, HEALTH CENTER, ADMISSION, CAREER PLANNING, CAMPUS SAFETY, TRANSPORTATION, CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS, REGISTRATION SERVICES, DINING, RESIDENT HALLS, CHILDRENS LEARNING CENTER, BOOKSTORE, AND A VARIETY OF OTHER STUDENT SERVICES. 32 30 1181 14 0 0 4030364 4688558 60434710 60560492 358618 4236423 406630 41216 65230322 69526689 18726226 19019127 0 0 26949855 28384111 112101 282346 1822564 17579477 15837457 63367659 63523041 1862663 6003648 96900226 103642786 59716935 63699579 37183291 39943207 X REGIS COLLEGE, THROUGH EDUCATION IN THE ARTS, SCIENCES, AND PROFESSIONS EMPOWERS WOMEN AND MEN TO CHALLENGE THEMSELVES ACADEMICALLY, TO SERVE AND TO LEAD. A CATHOLIC COLLEGE, REGIS IS A DIVERSE AND WELCOMING COMMUNITY GUIDED BY THE VALUES OF THE SISTERS OF ST. JOSEPH OF BOSTON. 0 0 15743081 50585538 INSTRUCTION: KNOWLEDGE GENERATION AND THE DELIVERY OF EDUCATION TO APPROXIMATELY 2,070 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN TWO SCHOOLS; THE SCHOOL OF NURSING, SCIENCE AND HEALTH PROFESSIONS AND THE SCHOOL OF LIBERAL ARTS, EDUCATION AND SOCIAL SCIENCE. INSTRUCTION IN CONTINUING STUDIES FOR ADULT LEARNERS AND LIFELONG LEARNING. 4823649 ACADEMIC AFFAIRS-OPERATING THE LIBRARY, FINE ARTS CENTER, LANGUAGE AND TECHNOLOGY LABS, PROVIDING AUDIO VISUAL SERVICES TO PROFESSIONAL STUDIES, NURSING, UNDERGRADUATE, GRADUATE AND CONTINUING STUDIES FOR APPROXIMATELY 2,070 STUDENTS. 7471717 STUDENT AFFAIRS-PROVIDE HEALTH SERVICES, ADMISSIONS, CAREER PLANNING, CAMPUS SAFETY AND TRANSPORTATION,CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS AND REGISTRATION SERVICES FOR APPROXIMATELY 2,070 STUDENTS. 22410358 19019127 9974954 AUXILIARY ENTERPRISES-PROVIDE DINING SERVICES, RESIDENTIAL HALL SERVICES, CHILDREN'S LEARNING CENTER, BOOKSTORE SERVICES, TELECOMMUNICATIONS SERVICES FOR APPROXIMATELY 2,070 STUDENTS. OTHER PROGRAM SERVICES-SCHOLARSHIP AND GRANTS TO APPROXIMATELY 2,070 STUDENTS. 22410358 19019127 9974954 50448805 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 93 0 1 1181 1 0 0 0 0 0 1 1 0 0 X 32 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THOMAS PISTORINO 7817687075 235 WELLESLEY STREET WESTON MA 02493 PETER LANGENUS BOARD OF TRUSTEES 1.00 X 0 0 0 KATHLEEN DAWLEY BOARD OF TRUSTEES 1.00 X 0 0 0 CLYDE H EVANS BOARD OF TRUSTEES 1.00 X 0 0 0 CAROLE F BARRETT BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER ROSEMARY BRENNAN CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER MAUREEN DOHERTY CSJ SECRETARY 1.00 X X 0 0 0 BEVERLY BOORSTEIN BOARD OF TRUSTEES 1.00 X 0 0 0 RUTH SANDERSON KINGSBURY BOARD OF TRUSTEES 1.00 X 0 0 0 PETER J MINIHANE CPA BOARD OF TRUSTEES 1.00 X 0 0 0 PAUL V GARRITY VF BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER MARIAN BATHO CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 KATHLEEN O'HARE BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER KATHLEEN MCCLUSKEY CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 JOAN SHEA CHAIR 1.00 X X 0 0 0 JANE TEDDER BOARD OF TRUSTEES 1.00 X 0 0 0 GLENN MORRIS BOARD OF TRUSTEES 1.00 X 0 0 0 ERNEST BARTELL CSC TRUSTEE EMERITUS 1.00 X 0 0 0 DONNA M NORRIS MD BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER LEILA HOGAN CSJ VICE CHAIR 1.00 X X 0 0 0 ANTOINETTE HAYS PRESIDENT 40.00 X X 295724 0 24512 MEYER CHAMBERS BOARD OF TRUSTEES 1.00 X 0 0 0 MICHAEL J HALLORAN TREASURER 1.00 X X 0 0 0 JOHN TEGAN JR BOARD OF TRUSTEES 1.00 X 0 0 0 ANITA BRENNAN BOARD OF TRUSTEES 1.00 X 0 0 0 HANS CHRISTENSEN BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER MARY ANNE DOYLE CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 DR RICHARD W YOUNG TRUSTEE EMERITUS 1.00 X 0 0 0 ELIZABETH CADIGAN BOARD OF TRUSTEES 1.00 X 0 0 0 CAMILLE FERAZZI BOARD OF TRUSTEES 1.00 X 0 0 0 MARY ANN W LEWIS BOARD OF TRUSTEES 1.00 X 0 0 0 THOMAS P O'NEILL III BOARD OF TRUSTEES 1.00 X 0 0 0 JOSEPH H PETROWSKI BOARD OF TRUSTEES 1.00 X 0 0 0 KATE KORZENDORFER BOARD OF TRUSTEES 1.00 X 0 0 0 THOMAS PISTORINO VP OF FINANCE & BUSINESS 40.00 X 166597 0 20297 MIRIAM SHERMAN CHIEF DEVELOPMENT OFFICER 40.00 X 131822 0 4435 MARY LOMBARD PROFESSOR 40.00 X 132057 0 8255 PAUL VACCARO VP ENROLLMENT & MARKETING 40.00 X 130424 0 20005 MALCOLM ASADOORIAN VP ACADEMIC AFFAIRS 40.00 X 147774 0 10303 ANNE M POWERS PROFESSOR AND ASSOCIATE DEAN 40.00 X 124502 0 4728 1128900 0 92535 18 0 1 0 SUFFOLK CONSTRUCTION 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION SERVICES 16846551 ARAMARK CORPORATION PO BOX 906023 CHARLOTTE NC 28290 FOOD SERVICE 1918667 WRIGHT EXPRESS FINANCIAL SERVICES 33548 TREASURY CENTER CHICAGO IL 60694 CREDIT CARD SERVICES 1110366 SASAKI ASSOCIATES INC 64 PLEASANT STREET WATERTOWN MA 02472 ARCHITECTURAL PLANNING 547414 VALLEYCREST LANDSCAPE DEV PO BOX 404083 ATLANTA GA 30384 LANDSCAPING 270514 5 10165 87583 4590810 209710 4688558 TUITION AND FEES 900099 50585538 50585538 AUXILIARY ENTERPRISES 900099 9974954 9974954 60560492 309080 309080 1059760 1009764 49996 49996 49996 8350584 4423241 3927343 3927343 3927343 3105 10165 11885 -8780 -8780 69526689 60560492 0 4277639 19019127 19019127 1479699 396420 951327 131952 21408009 16583858 4132183 691968 405241 285688 102265 17288 3428655 2516809 835451 76395 1662507 1242993 358265 61249 33357 33357 107491 107491 282346 282346 45241 45241 1391282 449137 942145 296018 246239 49779 942747 574695 149895 218157 806464 564068 239399 2997 3203354 2263154 824680 115520 480765 387050 43489 50226 137065 111848 24761 456 924685 642704 247689 34292 2766566 1955081 712800 98685 239082 239082 FOOD SERVICE 1596504 1596504 0 0 MISCELLANEOUS 1465953 631650 821289 13014 SPECIAL PROGRAMS 790413 611695 176592 2126 RESTRICTED EXPENDITURES 207504 173134 34370 0 402966 196951 180122 25893 63523041 50448805 11251672 1822564 6949 20088 4288577 2964400 2040585 3783211 1964545 2217293 1846634 2017066 111081903 59839955 30701828 51241948 9409553 18728327 7773196 0 17000000 17100000 21868359 5570453 96900226 103642786 5347516 8394461 1649890 2009191 50000000 48924006 175236 1075994 2544293 3295927 59716935 63699579 X 18583239 18966454 5368039 6698456 13232013 14278297 37183291 39943207 96900226 103642786 X 6003648 -3343732 100000 X 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 39434 39434 0 PART II-B, LINE 1: O'NEILL & ASSOCIATES RETAINED TO PROVIDE GOVERNMENT RELATIONS SERVICES TO REGIS COLLEGE. THIS INVOLVED LOBBYING WITH THE TOWN OF WESTON. 1 51816 30020 58626 23210 0 32099980 1046284 939708 416305 33669667 31672196 41726 832102 446044 32099980 14153144 55026 17871003 406977 31672196 13884621 77569 548238 357284 14153144 12841346 883557 587361 427643 13884621 0.50800 0.42400 0.06800 0 0 522323 522323 23720349 15520323 8200026 39147137 28556510 10590627 14273373 13248558 1024815 33418721 2514564 30904157 51241948 LAND HELD FOR INVESTMENT - BOARD DESIGNATED FOR ENDOWMENT 17100000 F 17100000 RESTRICTED CASH 5303483 DEBT ISSUE COSTS, NET 266970 5570453 ADVANCES FOR FEDERAL STUDENT LOANS 2014558 ANNUITY PAYMENT LIABILITY 171242 DEPOSITS HELD FOR OTHERS 141775 DEPOSITS & OTHER LONG TERM PAYABLES 968352 3295927 X 48285479 -3343732 -18919127 -22262859 70548338 -1021649 -1021649 69526689 45525563 1021649 1021649 44503914 19019127 19019127 63523041 PART IV, LINE 1B: THE COLLEGE ACTS AS FISCAL AGENT FOR A BOSTON AREA SCHOOL IN ACCORDANCE WITH ITS CONTRACT WITH THE BOSTON PUBLIC SCHOOLS. THE COLLEGE RECEIVES AND DISBURSES FUNDS ON BEHALF OF THIS ORGANIZATION. PART V, LINE 4: ENDOWMENT FUNDS ARE CATEGORIZED INTO THREE AREAS, FINANCIAL AID, INSTITUTIONAL AND LAND HELD FOR INVESTMENT. THE COLLEGE USES THE ANNUAL SPENDING RATE ON THE FINANCIAL AID FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS THAT MEET THE REQUIRED CRITERIA. THE COLLEGE USES THE SPENDING RATE ON THE INSTITUTIONAL FUNDS FOR CAPITAL APPROPRIATIONS. PART X, LINE 2: AS OF JUNE 30, 2015, THE COLLEGE DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COLLEGE FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -19,019,127. ADJUSTMENT TO CARRYING VALUE OF INVESTMENT IN LAND 100,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE -1,009,764. SPECIAL EVENTS DIRECT EXPENSE NETTED WITH REVENUE -11,885. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE 1,009,764. SPECIAL EVENTS DIRECT EXPENSE NETTED WITH REVENUE 11,885. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 19,019,127. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENT IN GENERAL CIRCULATION NEWSPAPERS, JOURNALS, CATALOG OFFERS, NATIONAL COLLEGE & UNIVERSITY PUBLICATIONS AND OTHER MEANS. ALSO, PROGRAMS INCLUDE IN THEIR SOLICITATION MATERIAL, A SUMMARY STATEMENT OF THE NON-DISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 REGIS COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS; NATIONAL DIRECT STUDY LOAN PROGRAM, BASIC EDUCATIONAL OPPORTUNITY GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND WORK STUDY PROGRAMS. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED AT ANY TIME. X X X X X X X 1 DEVELOPMENT GUILD 233 HARVARD STREET SUITE 107 BROOKLINE MA 02446 CONSULTING 0 0 0 0 MA 1 ALUMNI SCHOLARSHIP: FINANCIAL AID 86 168000 ANNIVERSARY SCHOLARSHIP : FINANCIAL AID-UG 270 3639310 BOGAN COMMUNICATIONS GR : GENERAL 1 500 CATHERINE CLANCEY SCH : GENERAL 1 3125 CENTER FOR GLOBAL CONNECTION SCHOLARSHIP: GENERAL 2 24750 DEVEL/MINORITY SCHOL : GENERAL 2 9579 E. BOYLAN SCHOLARSHIP : GENERAL 1 1700 EXPENDED ENDOWMENT INCOME : GENERAL 145 416305 FRANCES BORGER KLEMPLNER : GENERAL 1 1000 HALL SCHOLARSHIP : GENERAL 1 2900 HEALTH ADMINISTRATION SCH : FINANCIAL AID 17 100000 JONAS SCHOLARS PROGRAM :GENERAL 1 10000 LLARC SHARING OPS SCHOLARSHIP : GENERAL 1 6855 MASSACHUSETTS U-PLAN : FINANCIAL AID-UG IN 2 358 MD HENIGHAN SCHOLARSHIP : GENERAL 2 10000 MEFA INSPIRATION : FINANCIAL AID -UG EXTER 1 1596 MJE SCHOLARSHIP : GENERAL 3 20000 NANCY ROTH CUTTS SCHOLARSHIP : GENERAL 2 4000 NORTON SCHOLARSHIP : GENERAL 2 1000 NURSING GRADUATE ASSISTANCESHIP : FINANCIA 38 248895 REGIS GRANTS : FINANCIAL AID NT INTERNAL 46 239193 REGIS GRANTS : FINANCIAL AID-UG INTERNAL 803 7502310 S. JOHN SULLIVAN SCHOLARSHIPS : GENERAL 1 5000 SCHRAFFTS BOSTON : FINANCIAL AID 9 30000 SHARING OPPORTUNITYS : GENERAL 5 51000 SIBLING DISCOUNT : FINANCIAL AID-UG INTERN 39 91250 SR. J. D'ARC MERIT SCHOLARSHIP : FINANCIAL AID 199 3334410 SR. T. HIGGINS CSJ SCHOLARSHIP: FINANCIAL AID 54 988650 STACY STOTT SCHOLARSHIP : GENERAL 5 4000 THE KANEB SCHOLARS PROGRAM : GENERAL 27 59000 TOWER SCHOLARSHIP : FINANCIAL AID-UG INTER 123 1793060 TUITION DISCOUNTS : GENERAL 92 219523 YAWKEY FOUNDATION : GENERAL 6 28174 YOLANDE O'DONNELL SCHOLARHSHIP:GENERAL 2 3684 PART I, LINE 2: THE COLLEGE COMPLIES WITH THE U.S. DEP. OF EDUCATION POLICY REGARDING TITLE IV FUNDS AND OTHER GRANT AWARDS. THE COLLEGE HAS DEDICATED INDIVIDUALS PERFORM THE WORK OUTLINED IN THE SCOPE OF THE GRANT. THESE INDIVIDUALS ARE CLASSIFIED AS FINANCIAL AID PROFESSIONALS AND GRANT ADMINISTRATORS WHO WORK IN CONJUNCTION WITH FINANCE PROFESSIONALS TO ENSURE PROPER STEWARDSHIP OF FUNDS. THESE INDIVIDUALS FOLLOW THE STATUTORY AND REGULATORY REQUIREMENTS SET FORTH IN THE GRANT. FUNDS ARE DRAWN AFTER EXPENSES ARE INCURRED. PROGRESS REPORTS ARE SUBMITTED IN COMPLIANCE WITH THE GRANT REQUIREMENTS AND DOCUMENTATION IS MAINTAINED. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 ANTOINETTE HAYS PRESIDENT 265724 0 30000 0 0 0 6619 0 17893 0 320236 0 0 0 THOMAS PISTORINO VP OF FINANCE & BUSINESS 166597 0 0 0 0 0 4432 0 15865 0 186894 0 0 0 PAUL VACCARO VP ENROLLMENT & MARKETING 130424 0 0 0 0 0 3593 0 16412 0 150429 0 0 0 MALCOLM ASADOORIAN VP ACADEMIC AFFAIRS 147774 0 0 0 0 0 3773 0 6530 0 158077 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-06-13 50000000 CONSTRUCTION AND RENOVATION UNDER MASTER PLAN 0 0 0 A 50000000 1000000 98200 44841271 4060529 0 0 0 0 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 (F) DESCRIPTION OF PURPOSE: REFINANCE EXISTING BORROWING AND TO PROVIDE FOR MASTER PLAN CONSTRUCTION AND RENOVATION. THOMAS O'NEILL TRUSTEE OF BOARD 46934 O'NEILL AND ASSOCIATES IS OWNED BY THOMAS O'NEILL, A MEMBER OF THE BOARD. THEY PROVIDE LOBBYING SERVICES AND CONSULTING SERVICES FOR INSTITUTIONAL ADVANCEMENT. 0 X 10 216229 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: REGIS COLLEGE UTILIZES A BROKER TO SELL DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 6 THE BY-LAWS OF THE CORPORATION PROVIDE FOR BETWEEN FIVE AND NINE MEMBERS. AT LEAST FIVE MEMBERS SHOULD BE MEMBERS OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF BOSTON. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ELECT MEMBERS OF THE GOVERNING BOARD OF TRUSTEES TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CORPORATION APPROVE CHANGES TO BY-LAWS AND THE SALE OR DISPOSITION OF REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARER OF THE 990 WILL PRESENT A COPY OF THE FORM TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A SINGLE COMBINED WRITTEN DOCUMENT FOR CONDUCT, ETHICS, CONFLICT OF INTEREST, TECHNOLOGY USE, AND CONFIDENTIALITY POLICIES FOR FACULTY, STAFF AND ADMINISTRATION. THIS DOCUMENT IS PART OF THE HIRING PROCESS, SIGNED BY THE EMPLOYEE AND STORED IN THE OFFICE OF HUMAN RESOURCES. IN ADDITION, THE COLLEGE ALSO DISTRIBUTES A RELATED PARTY QUESTIONNAIRE THROUGH ITS ANNUAL AUDIT PROCESS TO ALL BOARD MEMBERS AND OFFICERS. THIS QUESTIONNAIRE IS DESIGNED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. OUR ANNUAL INDEPENDENT AUDIT WILL NOT BE COMPLETE UNTIL ALL OF THESE FORMS HAVE BEEN SIGNED AND RETURNED. FURTHERMORE, THE BY-LAWS OF THE COLLEGE STATES: "NO MEMBER OF THE CORPORATION, TRUSTEE, OFFICER OR EMPLOYEE OF THE CORPORATION SHALL HAVE ANY PERSONAL FINANCIAL INTEREST, DIRECT OR INDIRECT, IN ANY CONTRACT RELATING TO THE BUSINESS CONDUCTED BY THE CORPORATION, OR THE FURNISHING OF SUPPLIES TO THE CORPORATION, UNLESS AUTHORIZED BY CONCURRING VOTE OF TWO-THIRDS OF THE DISINTERESTED TRUSTEES, EVEN THOUGH THE DISINTERESTED TRUSTEES BE LESS THAN A QUORUM, AND PROVIDE THAT THE MATERIAL FACTS AS TO HER INTEREST IN SUCH TRANSACTION ARE DISCLOSED OR ARE KNOWN TO THE BOARD OF TRUSTEES." FORM 990, PART VI, SECTION B, LINE 15 FOR THE RECRUITMENT OF THE PROSPECTIVE EXECUTIVE POSITION, THE COLLEGE ENGAGES AN INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRM. THROUGH AN AD HOC COMPENSATION COMMITTEE APPROVED BY THE BOARD OF TRUSTEES THE COLLEGE AND THE FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND ACQUIRE AVAILABLE SALARY SURVEY DATA. THE COMPENSATION COMMITTEE REVIEWS COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY DATA BEFORE MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES WHICH HAS FINAL APPROVAL. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE COLLEGE IS DETERMINED BY MARKET DATA AND INTERNAL SALARY GRADES. FOR VICE PRESIDENT POSITIONS THE REVIEW OF COMPARATIVE MARKET DATA AND SALARY SURVEY DATA ARE PERFORMED BY A SEARCH COMMITTEE IN CONJUNCTION WITH AN EXECUTIVE SEARCH FIRM. FOR OTHER KEY EMPLOYEES THE COLLEGE PERFORMS COMPARATIVE MARKET DATA AND ACQUIRES AVAILABLE SALARY SURVEY INFORMATION THROUGH THE OFFICE OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT TO CARRYING VALUE OF LAND HELD FOR INVESTMENT 100,000. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.