2015-05-15T09:29:21-05:00 2014-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2013-07-01 020274509 Southern New Hampshire University % LISA HEFFERNAN SOUT 6036269100 2500 NORTH RIVER ROAD Suite MANCHESTER NH 031061045 Joseph A Sergi CFO/Treasurer 6036269100 2015-05-14 true PAUL TANIS P01441612 6036269100 2013 2016-04-25 22:37:26Z PAUL J LEBLANC 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 367984967 false X WWW.SNHU.EDU X 1932 NH SEE SCHEDULE O 18 16 4629 0 -8889 -8889 3116510 4142439 226678881 343126826 2963739 1065268 2368704 4210049 235127834 352544582 32136285 49955668 0 0 94614134 137655279 0 0 1269354 80312498 128632556 207062917 316243503 28064917 36301079 264496088 328173975 157273070 176270089 107223018 151903886 X SEE SCHEDULE O false false 250393339 49955668 346966661 SEE SCHEDULE O 250393339 true true false false false false false true false true true true false false true true true false true true true false false false false false false false true true true false false false false false true false false true true false false false false false true true false false false true 27069 0 true 4629 true true true false false false false true true false false false false X 18 16 false false false false false false false true true false false true true true true true false true true false NH X LISA HEFFERNAN 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 03106 X Paul J LeBlanc President 40.0 X X 809213 0 50818 Mark Ouellette TRUSTEE/Chairman(AS OF 8/2013) 1.0 X X Robert Freese TRUSTEE/Secretary 1.0 X X Robert DeColfmacker CHAIRMAN(UNTIL 8/2013)/TRUSTEE 1.0 X X KUSUM AILAWADI TRUSTEE 1.0 X Thomas Dionisio Trustee 1.0 X Lisa Guertin Trustee 1.0 X Andre Hawaux Trustee 1.0 X RICHARD Loeffler Trustee 1.0 X Kyle Nagel Trustee 1.0 X EdWARD Wolak Trustee 1.0 X Peter Worrell Trustee 1.0 X JANET BRESLIN-SMITH TRUSTEE 1.0 X HOWARD BRODSKY TRUSTEE 1.0 X RICHARD COURTEMANCHE TRUSTEE 1.0 X JEREMY HITCHCOCK TRUSTEE (UNTIL 5/2014) 1.0 X ROBERT MCDERMOTT TRUSTEE 1.0 X DANIEL PRIOR TRUSTEE 1.0 X GAUTAM SHARMA TRUSTEE 1.0 X LAURIE CHANDLER TRUSTEE (UNTIL 8/2013) 1.0 X THERESA DESFOSSES TRUSTEE (UNTIL 8/2013) 1.0 X L DOUGLAS O'BRIEN TRUSTEE (UNTIL 8/2013) 1.0 X JUNE SMITH TRUSTEE (UNTIL 8/2013) 1.0 X CLAYTON CHRISTIANSEN TRUSTEE (UNTIL 8/2013) 1.0 X ABY ALEXANDER TRUSTEE (UNTIL 8/2013) 1.0 X Joseph Sergi CFO/Treasurer 40.0 X 253048 0 28960 KAREN ABBOTT GENERAL COUNSEL 40.0 X 216302 0 34059 DONALD BREZINSKI VP/INSTITUTIONAL ADVANCEMENT 40.0 X 224052 0 44155 STEPHEN HODOWNES CEO OF COCE 40.0 X 609004 0 53883 JOHN HOLLINGER CIO (UNTIL 9/11/2013) 40.0 X 181987 0 39153 PATRICIA LYNOTT PROVOST/SVP 40.0 X 280672 0 30624 JOHNSON AU-YEUNG CIO (AS OF 9/11/2013) 40.0 X 285435 0 46081 Kristine Clerkin Exec Dir/Innov Lab/CFA 40.0 X 276115 0 10287 Stacy Sweeney CAO 40.0 X 267262 0 12509 SCOTT DURAND VP OF MSR - GRAD 40.0 X 218466 0 40141 DAVID EBY VP OF MSR - UNDERGRAD 40.0 X 220886 0 67680 YVONNE SIMON CHIEF LEARNING ARCHITECT, CFA 40.0 X 236369 0 45654 Cathrael Kazin Chief Academic office for CFA 40.0 X 277097 0 13420 Gregory Fowler VP Academic Admin/COCE 40.0 X 217538 0 10229 William McGarry Former Senior VP/Treasurer 40.0 X 255601 0 42713 4829047 0 570366 114 true true false Mediassociates Inc 75 Glen Road SANDY HOOK CT 06882 ADVERTISING 28688081 PLATTFORM ADVERTISING 1500 W 113th Street Ste 200 LENEXA KS 66219 ADVERTISING 3954109 Education Sales Marketing LLC 8740 Lucent Blvd Ste 300 HIGHLANDS RANCH CO 801292510 CONSULTING 3827666 Element Productions Inc 316 Stuart Street 4th Fl BOSTON MA 02116 ADVERTISING 1546329 Star Media of NH Inc 190 North Main Street NATICK MA 017602057 CONSULTING 1395965 50 586661 3555778 5112 4142439 TUITION AND STUDENT FEES 611710 321422040 321422040 RESIDENCE AND DINING 611710 20273933 20273933 OTHER AUXILIARY ENTERPRISES 611710 1430853 1430853 343126826 798760 -8889 807649 113257 113257 0 410546 40332 370214 0 370214 370214 15535304 18000 15107194 292859 428110 -274859 153251 153251 0 0 0 LOSS RECOVERY 611710 1125000 1125000 OTHER INTEREST INCOME 611710 813727 813727 BAD DEBT RECOVERY 611710 305195 305195 1595913 1595913 3839835 352544582 346966661 -8889 1444371 0 49955668 49955668 0 0 5172446 1670132 3254082 248232 13878 13000 878 100835826 77771157 22484620 580049 5210925 4010812 1178185 21928 18674954 14138633 4419125 117196 7747250 5820737 1868820 57693 0 293407 1837 291570 162085 162085 0 0 317491 317491 17812799 11744582 6044663 23554 61536138 60325621 1210517 6206560 3795104 2311342 100114 4754526 1519228 3235298 0 8188525 3078206 5110319 1668212 1298890 347404 21918 0 747384 492122 255262 3184019 1240205 1934755 9059 0 7693891 2996841 4675159 21891 1773777 1248724 525053 DINING SERVICES 5007752 5007752 BAD DEBT 2323082 2323082 CREDIT CARD FEES 1006260 1006260 ON AND OFF CAMPUS PROGRAMS 783430 783430 5173218 3480658 1624840 67720 316243503 250393339 64580810 1269354 0 5153384 686734 52525382 1057512 17012819 1549886 4862936 0 8500 0 0 5533552 5316883 2276 2783 4199107 5950988 182893615 49283596 111245699 133610019 109469229 67758326 30752093 35971955 0 0 0 0 0 0 264496088 328173975 19669136 41867535 3228749 3334322 14048957 12769695 119941031 118287316 0 0 0 0 0 0 0 0 385197 11221 157273070 176270089 X 89936632 130939693 5268385 7408485 12018001 13555708 107223018 151903886 264496088 328173975 X 36301079 8425957 -46168 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69302 X X false 16965325 1566654 2741916 882358 588668 19802869 16350167 810801 1185442 430396 950689 16965325 16417042 1524525 -428411 557846 605143 16350167 13817495 1706356 1465632 449312 123129 16417042 11194109 1416890 1793548 587052 13817495 0.68450 0.31550 false false 9875071 9875071 116445674 31716449 84729225 4538833 2048720 2490113 21380101 13411680 7968421 30653936 2106747 28547189 133610019 ALTERNATIVE INVESTMENTS 35971955 F 35971955 0 AGENCY FUNDS 11221 11221 X 316001446 8425957 -5836 8420121 307581325 317491 44645766 44963257 352544582 271320578 40332 40332 271280246 317491 44645766 44963257 316243503 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 40,332 LOSS ON DERIVATIVES (46,168) --------- TOTAL (5,836) PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 44,645,766 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 40,332 PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 44,645,766 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: SNHU INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN THE UNIVERSITY CATALOG AND ON THE UNIVERSITY WEBSITE ON ALL FINANCIAL AID AND SCHOLARSHIP RELATED PAGES. SCHEDULE E, LINE 3: SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU) CUSTOMARILY DRAWS ITS STUDENTS NATIONWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. SNHU ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. THIS POLICY IS DISCLOSED ON SNHU'S WEBSITE. SCHEDULE E, LINE 6: EXPLANATION OF GOVERNMENT FINANCIAL AID: The University received Title IV funding from the U.S. Department of Education (including FSEOG and Pell Grants). Additionally, the University receives funding from the small business administration pertaining to the advancement of women in business. East Asia and the Pacific 15 Program Services CONSULTING/RECRUITMENT 222462 Europe (Including Iceland and Greenland) 15 Program Services ABROAD/CONSULT/INSTRUC 420861 Middle East and North Africa 6 Program Services INSTRUCTION 42155 North America 4 Program Services CONSULTING/INSTRUCTION 561469 South America Program Services STUDY ABROAD/INSTRUCT 4363 Sub-Saharan Africa Program Services INSTRUCTION 14710 South Asia 7 Program Services CONSULTING/RECRUITMENT 61555 47 47 1327575 1327575 true false true true true true true STUDENT SCHOLARSHIPS AND FINANCIAL AID 19642 49955668 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 X false true X X X X X false true false false false false false true false Paul J LeBlanc President 658730 0 50000 100483 22050 0 28768 0 860031 0 0 0 Joseph Sergi CFO/Treasurer 227418 0 25000 630 0 0 28960 0 282008 0 0 0 KAREN ABBOTT GENERAL COUNSEL 190709 0 25000 593 13838 0 20221 0 250361 0 0 0 DONALD BREZINSKI VP/INSTITUTIONAL ADVANCEMENT 209324 0 10000 4728 18258 0 25897 0 268207 0 0 0 STEPHEN HODOWNES CEO OF COCE 444653 0 50000 114351 22050 0 31833 0 662887 0 0 0 JOHN HOLLINGER CIO (UNTIL 9/11/2013) 166742 0 8000 7245 13973 0 25180 0 221140 0 0 0 PATRICIA LYNOTT PROVOST/SVP 216866 0 50000 13806 19647 0 10977 0 311296 0 0 0 JOHNSON AU-YEUNG CIO (AS OF 9/11/2013) 187377 0 42500 55558 13507 0 32574 0 331516 0 0 0 SCOTT DURAND VP OF MSR - GRAD 166714 0 45000 6752 13894 0 26247 0 258607 0 0 0 DAVID EBY VP OF MSR - UNDERGRAD 166714 0 45000 9172 13894 0 53786 0 288566 0 0 0 YVONNE SIMON CHIEF LEARNING ARCHITECT, CFA 225403 0 10000 966 19647 0 26007 0 282023 0 0 0 Kristine Clerkin Exec Dir/Innov Lab/CFA 206809 0 50000 19306 0 10287 0 286402 0 0 0 William McGarry Former Senior VP/Treasurer 247655 0 7946 19647 0 23066 0 298314 0 0 0 Stacy Sweeney CAO 229632 0 25000 12630 0 0 12509 0 279771 0 0 0 Cathrael Kazin Chief Academic office for CFA 183435 0 40000 53662 0 0 13420 0 290517 0 0 0 Gregory Fowler VP Academic Admin/COCE 186151 0 27000 4387 0 0 10229 0 227767 0 0 0 PART I, LINE 1A: FIRST CLASS OR CHARTER TRAVEL: OCCASIONALLY, IF CIRCUMSTANCES WARRANT (EX. EXTENDED FLIGHTS, HEALTH ISSUES) FIRST CLASS AIRFARE WILL BE PROVIDED TO EMPLOYEES. ONE KEY EMPLOYEE RECEIVED THIS BENEFIT DURING THE CURRENT PERIOD. THIS TRAVEL WAS FOR BUSINESS PURPOSES, AND THE COST WAS NOT INCLUDED IN THE EMPLOYEE'S TAXABLE INCOME. TRAVEL FOR COMPANIONS: OCCASIONALLY, SNHU WILL PAY FOR AIR TRAVEL FOR THE PRESIDENT'S FAMILY MEMBERS. THE COST OF AIR TRAVEL FOR COMPANIONS IS INCLUDED IN THE PRESIDENT'S TAXABLE REPORTABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: SNHU HAS ELECTED TO PAY FOR THE TAX LIABILITY ASSOCIATED WITH SOME BENEFITS PROVIDED TO EMPLOYEES. SUCH PAYMENTS WERE INCLUDED IN ONE KEY AND ONE HIGHEST COMPENSATED EMPLOYEE'S TAXABLE INCOME IN THE CURRENT PERIOD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THREE KEY EMPLOYEES WERE EITHER GRANTED A HOUSING ALLOWANCE OR HOUSING EXPENSES WERE PAID ON THEIR BEHALF AS PART OF THEIR TAXABLE TOTAL COMPENSATION PACKAGE. PERSONAL SERVICES: AS SPECIFIED IN THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE UNIVERSITY, SEASONAL YARD CLEAN UP, SNOW REMOVAL, AND LAWN MOWING ARE PROVIDED BY SNHU EMPLOYEES OR HIRED CONTRACTORS FOR THE PRESIDENT'S HOME. THE ACTUAL OR ESTIMATED COSTS OF SUCH SERVICES ARE INCLUDED IN THE PRESIDENT'S TAXABLE REPORTABLE COMPENSATION. PART I, LINE 1B: REIMBURSEMENTS ARE COVERED UNDER THE EMPLOYMENT CONTRACTS. PART I, LINE 4B: MR. HODOWNES HAS A DEFERRED COMPENSATION PROVISION IN HIS EMPLOYMENT AGREEMENT. PURSUANT TO THE AGREEMENT, SPECIFIED AMOUNTS WERE CREDITED TO HIS ACCOUNT STARTING IN CALENDAR YEAR 2013. AMOUNTS CREDITED TO MR. HODOWNES UNDER THE AGREEMENT WILL BE PAID TO HIM IN 2014 ONLY 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). PART II, COLUMN (B)(I) 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. A NHHEFA SERIES 2005 020279866 644614LR8 2005-06-23 37210207 ADVANCE REFUNDING & CONSTRUCTION false false false B NHHEFA SERIES 2006 020279866 644614RB7 2006-11-30 9084629 CURRENT REFUNDING false false false C NHHEFA SERIES 2008 020279866 644614WS4 2008-12-18 32730000 CURRENT REFUNDING & CONSTRUCTION false false false D NHHEFA SERIES 2012 020279866 644614T25 2012-06-07 65204319 ADVANCE REFUNDING & CONSTRUCTION false false false A 20355000 0 37210207 1287965 0 0 441110 1275798 0 16994396 1764556 0 2008 false true true true B 2580000 0 9084629 754220 0 0 181692 151185 0 0 8751752 0 2006 true false true true C 2705000 0 32730000 0 0 0 445877 137764 0 17564574 14581783 0 2011 true false true true D 0 0 65204319 5550595 1393915 0 738508 0 0 32661584 5300934 19664437 false true false true A false false false false 0 false false false true B 0 C false false true true false 0 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true true true DEUTSCHE BANK 5. false false false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F): (A) NHHEFA SERIES 2005 - THE BONDS BEING ADVANCE REFUNDED WERE ISSUED ON JULY 2, 1997 AND MAY 10, 2000. (B) NHHEFA SERIES 2006 - THE BONDS BEING CURRENTLY REFUNDED WERE ISSUED ON JULY 2, 1997. (C) NHHEFA SERIES 2008 - THE BONDS BEING CURRENTLY REFUNDED WERE ISSUED ON SEPTEMBER 23, 2003 AND JUNE 23, 2005. (D) NHHEFA SERIES 2012 - ADVANCE REFUNDING OF BONDS ISSUED 9/23/03 & CONSTRUCTION. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: NHHEFA SERIES 2005 DATE THE REBATE COMPUTATION WAS PERFORMED: 6/30/11 (B) ISSUER NAME: NHHEFA SERIES 2006 DATE THE REBATE COMPUTATION WAS PERFORMED: 11/29/11 (C) ISSUER NAME: NHHEFA SERIES 2008 DATE THE REBATE COMPUTATION WAS PERFORMED: 1/1/14 PAUL LEBLANC PRESIDENT PART V X 13077 8500 false false true 8500 ANTHEMINC SEE PART V 16827640 PURCHASED INSURANCE false PATRICIA FINDLEN SPOUSE OF PRESIDENT 10800 WAGES - ADJUNCT PROFESSOR false FORM 990, SCHEDULE L, PART II, LINE 1 THE PURPOSE OF THIS LOAN WAS TO BRIDGE A PAYROLL GAP DUE TO A SYSTEM TRANSITION. LOANS FOR THIS PURPOSE WERE AVAILABLE TO ALL EMPLOYEES. Form 990, Schedule L, Part IV, Line 1(b) A trustee is President of Anthem, Inc. FORM 990, PART I, LINE 1 AND PART III, LINE 1: DESCRIPTION OF ORGANIZATION'S MISSION: SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU) EDUCATES INTELLECTUALLY AND CULTURALLY ENRICHED INDIVIDUALS TO BE SUCCESSFUL IN THEIR CAREERS AND CONTRIBUTE TO THEIR COMMUNITIES. SNHU'S EDUCATIONAL PHILOSOPHY CHALLENGES STUDENTS' INTELLECTUAL POTENTIAL AND PREPARES THEM FOR PROFESSIONAL LIVES IN AN EVER-CHANGING AND INCREASINGLY INTERCONNECTED WORLD. IT PROVIDES A SUPPORTIVE AND CLOSE KNIT LEARNING COMMUNITY AND DELIVERS ENGAGING INSTRUCTION IN A FLEXIBLE VARIETY OF FORMATS. STUDENTS DEVELOP THE KNOWLEDGE TO UNDERSTAND A COMPLEX WORLD, THE SKILLS TO ACT EFFECTIVELY WITHIN THAT WORLD, AND THE WISDOM TO MAKE GOOD CHOICES. THEY DO SO WITHIN A COMMUNITY OF TEACHERS, STAFF, AND PEERS THAT IS ENCOURAGED TO ADD ITS SCHOLARLY, CREATIVE AND PEDAGOGICAL CONTRIBUTIONS TO THE LARGER SOCIAL GOOD. FORM 990, PART III, LINE 4A: INSTRUCTION AND STUDENT SERVICES: SNHU IS A PRIVATE, COEDUCATIONAL INSTITUTION. ENROLLMENT CONSISTS OF APPROXIMATELY 3,288 STUDENTS IN THE DAY SCHOOL; 4,612 STUDENTS IN ON-CAMPUS GRADUATE PROGRAMS; 65,510 GRADUATE AND UNDERGRADUATE STUDENTS IN DISTANCE EDUCATION; AND 1,442 STUDENTS IN THE COLLEGE FOR AMERICA COMPETENCY-BASED EDUCATION PROGRAM. THE UNIVERSITY OFFERS ASSOCIATE'S DEGREES IN CULINARY ARTS AND SEVERAL BUSINESS-RELATED FIELDS. BACHELOR OF SCIENCE AND ARTS DEGREES ARE OFFERED IN TWENTY AREAS OF BUSINESS, EDUCATION, AND LIBERAL ARTS STUDY. MASTER'S DEGREES ARE OFFERED IN BUSINESS ADMINISTRATION, ACCOUNTING, BUSINESS EDUCATION, INTERNATIONAL BUSINESS, COMPUTER INFORMATION SYSTEMS, COMMUNITY ECONOMIC DEVELOPMENT, FINE ARTS, AND ELEMENTARY EDUCATION. DOCTORAL DEGREES ARE OFFERED AND A PH.D. IN COMMUNITY ECONOMIC DEVELOPMENT AND A DBA IN INTERNATIONAL BUSINESS. SNHU 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 B, LINE 11: THE DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED MEETING FOR THEIR REVIEW AND APPROVAL. AFTER ANY RECOMMENDED CHANGES, THE FORM 990 IS THEN MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REVIEW AS PART OF A REGULARLY SCHEDULED MEETING PRIOR TO FILING. 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 2014, 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 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: NET UNREALIZED LOSS ON DERIVATIVES ($46,168) MOTIVIS LEARNING SYSTEMS INC 25 PELHAM RD STE 204 SALEM NH 03079 471039010 SOFTWARE SALES DE SNHU C CORP 0 0 1.00000 true SPLIT INTEREST TRUSTS (3) SUPPORT NH SNHU TRUST true false false false false false false false false false false false false false false false false false false false