2014-07-14T16:44:25-05:00 2013-08-31 251408703 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2012-09-01 251094922 POINT PARK UNIVERSITY POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH 4123923992 2014-07-02 1 SUSAN M KIRSCH P00341397 4122613644 2012 2015-11-30 17:44:51Z DR PAUL HENNIGAN 201 WOOD STREET PITTSBURGH PA 15222 114349902 0 X WWW.POINTPARK.EDU X 1960 PA HIGHER EDUCATION 37 35 1747 37 0 0 3649990 15885515 92028172 94983135 -269939 924732 653806 217731 96062029 112011113 22396307 24411865 0 0 38698254 39446832 0 12600 1802971 31826583 31835489 92921144 95706786 3140885 16304327 147657880 163217038 75963054 73889676 71694826 89327362 X POINT PARK UNIVERSITY EDUCATES STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARES GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 0 0 56804628 23794271 84925506 INSTRUCTION- INCLUDES 4 ACADEMIC SCHOOLS SERVING APPROXIMATELY 3,225 UNDERGRADUATE AND 602 GRADUATE STUDENTS, AS WELL AS PERFORMING ARTS WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. INCLUDES PHYSICAL PLANT ALLOCATION. 9840123 502785 STUDENT SERVICES- INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVIES, STUDENT AFFAIRS OFFICE, AS WELL AS 11 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. 9734374 61640 18703 ACADEMIC SUPPORT- ACADEMIC SUPPORT ARE EXPENSES THAT PROVIDE SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE. 7571920 555954 9536141 AUXILIARY ENTERPRISES- EXPENSES THAT SUPPORT DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. 7571920 555954 9536141 83951045 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5245 0 1 1747 1 0 0 0 0 0 1 1 0 0 0 0 X 37 35 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA NY X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DENNIS L ASTORINO 1.50 X 0 0 0 RICHARD W BOYD 1.50 X 0 0 0 E MICHAEL BOYLE 1.50 X 0 0 0 MARK BROADHURST 1.50 X 0 0 0 JAMIE CAMPOLONGO 1.50 X 0 0 0 ANTOINE CHAMMAS BEG OCT'12 1.50 X 0 0 0 ROBIN CONNOLLY BEG OCT'12 1.50 X 0 0 0 PAUL COSTA 1.50 X 4182 0 0 GARY M DEJIDAS 1.50 X 0 0 0 WAYNE FONTANA 1.50 X 0 0 0 KISHORE GOPAUL 1.50 X 0 0 0 EDWARD HABERLE 1.50 X 0 0 0 JOSEPH B HAVRILLA 1.50 X 0 0 0 JULIE A LYDA 1.50 X 0 0 0 TIMOTHY W MCGUIRE SR PHD 1.50 X 0 0 0 PEGGY T MCKNIGHT 1.50 X 0 0 0 J KEVIN MCMAHON 1.50 X 0 0 0 JAMES MILLER 1.50 X 0 0 0 TODD C MOULES 1.50 X 0 0 0 JOSEPH MURIN 1.50 X 0 0 0 DAVID J PEART 1.50 X 0 0 0 LUCAS PIATT 1.50 X 0 0 0 RICHARD E RAUH 1.50 X 10450 0 0 DR LOREN H ROTH MD 1.50 X 0 0 0 CAROL SAVAGE 1.50 X 0 0 0 CYNTHIA SHAPIRA BEGOCT '12 1.50 X 0 0 0 CHARLES J STOUT 1.50 X 0 0 0 MARY BETH TAYLOR 1.50 X 0 0 0 JOHN R TOMAYKO PHD 1.50 X 0 0 0 NANCY D WASHINGTON PHD 1.50 X 0 0 0 JAKE WHEATLEY 1.50 X 0 0 0 KATHLEEN WHITEEND 22813 1.50 X 0 0 0 KAREN FARMER WHITE 1.50 X 0 0 0 DARRYL F WILLIAMSBEGOCT'12 1.50 X 0 0 0 ANNE LEWIS 3.00 X X 0 0 0 DAVID S DUNCAN 3.00 X X 0 0 0 JAMES MEREDITH 3.00 X X 0 0 0 DONALD J JENKINS 3.00 X X 0 0 0 PAUL HENNIGAN EDD 40.00 X 444140 0 77482 BRIDGET MANCOSH 40.00 X 220422 0 43263 KAREN MCINTYRE PHD 40.00 X 226812 0 12841 MARIANN GEYER 40.00 X 192533 0 28684 RICHARD HASKINS 40.00 X 175369 0 29230 RONALD LINDBLOM 40.00 X 178546 0 28256 WILLIAM CAMERON 40.00 X 134055 0 25245 FREDRICK JOHNSON 40.00 X 157028 0 20297 ANGELA H ISSAC PHD 40.00 X 143688 0 86457 DIANE MALDONADO PHD 40.00 X 130865 0 14242 PERKINS CHARLES PHD 40.00 X 120627 0 10959 2138717 0 376956 33 0 1 0 ARAMARK SERVICES PO BOX 198532 ATLANTA GA 303848532 FOOD SERVICE 2747925 ISS FACILITY SERVICES INC PENN PLACE PITTSBURGH PA 15219 HOUSEKEEPING 1709892 COSTA CONTRACTING 347 LEFEVER HILL ROAD CHESWICK PA 15024 CONSTRUCTION 1304274 TEDCO CONSTRUCTION CORP TEDCO PLACE CARNEGIE PA 15106 CONSTRUCTION 1290339 ALLIED BARTON SECURITY SERVICES 500 FIRST AVENUE PITTSBURGH PA 15219 SECURITY 1080128 31 79453 880652 14925410 21729 15885515 TUITION & EDUC. FEES 611710 84122977 84122977 ROOM & BOARD FEES 721310 9320916 9320916 PERFORMANCES 711300 707159 707159 PROGRAM RENTAL 531390 302953 302953 BOOKSTORE, CAFE & MISC. 451211 221915 221915 307215 307215 94983135 833645 833645 176047 176047 123862 49824 74038 74038 74038 2271624 2180537 91087 91087 91087 76074 79453 108428 -32354 -32354 112011113 94983135 0 1142463 61640 61640 24324255 24324255 25970 25970 1508711 260889 924724 323098 241971 131586 110385 29022234 25666295 2723990 631949 1417473 1145979 252378 19116 5089166 4049314 973985 65867 2167277 1682829 423933 60515 381452 20163 361289 215890 215890 50896 25448 25448 12600 12600 1640824 1302846 334983 2995 1837217 1181962 609806 45449 2941555 2640574 225258 75723 420715 302480 105798 12437 37678 37678 10225374 8599399 1371987 253988 1262854 1101364 110518 50972 907867 782641 112576 12650 5663372 4736904 784376 142092 222929 131903 91026 FOOD SERVICES 2603920 2465543 100609 37768 NON CAPITAL EQUIP 1739126 1714589 20273 4264 BAD DEBT 533384 533384 0 0 DANCE & THEATER PRODUCT 429504 429504 0 0 720932 621354 73538 26040 95706786 83951045 9952770 1802971 4548447 310684 20606562 32259835 2122599 1793260 564363 946998 775626 784991 1056504 1307225 158834017 63608644 94642183 95225373 22021820 29986804 859469 0 330307 266650 130000 335218 147657880 163217038 3917058 4160808 10429696 9286281 49625624 48130895 9362236 8780309 2628440 3531383 75963054 73889676 X 55819423 62739383 7365496 16747130 8509907 9840849 71694826 89327362 147657880 163217038 X 16304327 1492782 -164573 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 50897 50897 95655889 95706786 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 47172 48938 54222 50897 201229 250000 250000 250000 250000 1000000 1500000 X 0 27379289 2105115 2292228 284569 62044 31430019 24715713 1345523 1662218 282196 61969 27379289 22236249 1074016 1762019 291452 65119 24715713 20598888 1064859 946350 305257 68591 22236249 20807467 1067869 -905198 302413 68837 20598888 0.66600 0.31310 0.02090 0 0 2555494 13768123 16323617 117067166 46263787 70803379 1522745 1511345 11400 18669226 15833512 2835714 5251263 5251263 95225373 CONDITIONAL ASSET RETIREMENT OBLIGATION 3191021 CHANGE IN LIABILITY OF INTEREST RATE SWAP 283141 ANNUITIES PAYABLE 57221 3531383 X 89541666 1492784 -6321 1486463 88055203 110385 23845525 23955910 112011113 71909128 158252 158252 71750876 110385 23845525 23955910 95706786 PART III, LINE 4: THE PRIMARY PIECE OF THE POINT PARK COLLECTION IS "FREEDOM BOUND," A SCULPTURE BY ARTIST PAIGE BRADLEY, COMMISSIONED AND DONATED BY A BOARD MEMBER. IN 2008 IT WAS INSTALLED AS PART OF THE LAWRENCE HALL LOBBY RENOVATION, WHICH INCLUDES A GRAND ENTRANCE TO THE NEWLY BUILT DANCE COMPLEX. THE UNIVERSITY HOLDS PAINTINGS AND PHOTOGRAPHS ON DISPLAY THROUGHOUT THE CAMPUS THAT WERE ALSO DONATED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TOTAL ENDOWMENT CONSISTS OF TWO COLLECTIVE FUND GROUPS, THE ENDOWMENT FUND AND THE BOARD DESIGNATED RESERVE FUND, THE ENDOWMENT FUND, MADE UP OF BOTH PERMANENT & TEMPORARILY RESTRICTED ASSETS, CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT NUMEROUS PURPOSES. IT CONSISTS OF 77% RESTRICTED FOR FINANCIAL AID AND 23% FOR OPERATIONS. THE PURPOSE OF THE BOARD DESIGNATED RESERVE FUND, AN UNRESTRICTED ASSET, IS TO MAINTAIN THE LIQUIDITY NECESSARY TO SUPPORT LONG-TERM FISCAL HEALTH OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY FOLLOWS STANDARDS ON INCOME TAXES RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE NEW STANDARD REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FILES FEDERAL, STATE, AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATION ON THE UNIVERSITY'S FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEAR ENDED AUGUST 31, 2010 THOUGH THE PRESENT; OTHER RETURNS MAY BE OPEN FOR AN ADDITIONAL YEAR DEPENDING ON JURISDICTION. THE UNIVERSITY CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE NEW STANDARD AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $49,824 SPECIAL EVENT EXPENSE: $ 108,428 CHANGE IN VALUE OF INTEREST RATE SWAP: $-164,573 TOTAL PART XII LINE 2D: $ -6,321 PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $23,845,525 TOTAL PART XII LINE 4B: $23,845,525 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE: $49,824 SPECIAL EVENT EXPENSE: $108,428 TOTAL PART XIII LINE 2D: $158,252 PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID: $23,845,525 TOTAL PART XIII LINE 4B: $23,845,525 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE UNIVERSITY INCLUDES IN ITS BYLAWS AND CATALOGS A STATEMENT CONFIRMING ITS OPPOSITION TO ANY PRACTICE WHICH DEPRIVES ANY INDIVIDUAL OF RIGHTS AND PRIVILEGES BASED ON RACE, RELIGION, SEX, NATIONAL ORIGIN OR HANDICAP. THE UNIVERSITY WILL NOT AFFILIATE NOR EXTEND RECOGNITION TO ANY GROUP WHOSE POLICIES ARE DISCRIMINATORY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 LOCAL: URBAN REDEVELOPMENT - STOREFRONT ART. COMMONWEALTH OF PA: RACP - PARK PROJECT; HIGHER EDUCATION ASSISTANCE GRANT; PA DEPARTMENT OF WELFARE; PA LIQUOR CONTROL BOARD. FEDERAL: U.S. DEPARTMENT OF EDUCATION SEOG/FWS/PELL; ASSET I3 PROJECT. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 211343 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES JOURNALISM TRIP FOR STUDENTS 18121 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES PERFORMING ARTS INTERNATIONAL ENROLLMENT 3100 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FINANCIAL AID 25970 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES EDUCATION DEPARTMENT STUDY ABROAD PROGRAM. 54894 0 0 0 0 0 0 313428 0 313428 STUDENT FINANCIAL AID EUROPE 10 25970 POSTING TO STUDENT'S ACCOUNT 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FINANCIAL AID AWARDS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GOLF EVENT 95000 55668 39332 55733 18508 8033 ENDOWMENT FUND SCHOLARSHIP DINNER 45602 22060 23542 10507 3453 1 14925 1725 13200 6795 756 4643 155527 79453 76074 62528 29771 16129 108428 -32354 1 THE PITTSBURGH FOUNDATION 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 250965466 501(C)(3) 20000 CITY OF PITTSBURGH PUBLIC SERVICE FUND URBAN INNOVATION21 1901 CENTRE AVE SUITE 300 PITTSBURGH PA 15219 260379369 501(C)(3) 25000 ECONOMIC DEVELOPMENT PITTSBURGH COUNCIL ON HIGHER ED 201 WOOD STREET PITTSBURGH PA 15222 237303727 501(C)(3) 16640 COLLABORATION WITH OTHER INSTITUTIONS IN REGION. 3 0 SCHOLARSHIP AID FOR HIGHER ED FOR UNDERGRADUATE AND GRADUATE STUDENTS 3504 23819555 N/A N/A HOUSING ASSISTANCE TO STUDENT RESIDENT ADVISORS 35 383442 N/A N/A SCHOLARSHIP FOR SCHOOL AGE CHILDREN TO ATTEND SUMMER DANCE PROGRAM 131 121258 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID AWARDS TO STUDENTS AT POINT PARK UNIVERSITY ARE DETERMINED ON THE BASIS OF ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, ARTISTIC OR ATHLETIC TALENT AND FINANCIAL NEED ELIGIBILITY. GRANTS AND LOANS ARE DISTRIBUTED USING POWERFAIDS APPLICATION AND POSTED TO STUDENT'S ACCOUNTS IN JENZABAR (HIGHER EDUCATION INFORMATION SYSTEM). ANNUALLY THE FINANCIAL AID AREA IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 PAUL HENNIGAN EDD 343486 0 52000 0 48654 0 58750 0 18732 0 521622 0 0 0 BRIDGET MANCOSH 190332 0 30000 0 90 0 14625 0 28638 0 263685 0 0 0 KAREN MCINTYRE PHD 200473 0 25000 0 1339 0 6030 0 6811 0 239653 0 0 0 MARIANN GEYER 172395 0 20000 0 138 0 13237 0 15447 0 221217 0 0 0 RICHARD HASKINS 159973 0 15000 0 396 0 12375 0 16855 0 204599 0 0 0 RONALD LINDBLOM 172938 0 5000 0 608 0 12939 0 15317 0 206802 0 0 0 WILLIAM CAMERON 128539 0 5000 0 516 0 9928 0 15317 0 159300 0 0 0 FREDRICK JOHNSON 146118 0 5000 0 5910 0 11047 0 9250 0 177325 0 0 0 ANGELA H ISSAC PHD 31121 0 0 0 112567 0 10523 0 75934 0 230145 0 0 0 PART I, LINE 1A DR. PAUL HENNIGAN, PRESIDENT OF THE UNIVERSITY, IS PAID A MONTHLY HOUSING ALLOWANCE IN PLACE OF STAYING IN A HOUSE ON CAMPUS, THE STANDARD FOR COLLEGES AND UNIVERSITIES. THIS IS REPORTED AS TAXABLE INCOME. THE ONLY PERSONAL SERVICES FOR PAUL HENNIGAN PROVIDED BY THE UNIVERSITY IS BABYSITTING SERVICES FOR HIS CHILDREN IN ORDER TO HELP ACCOMMODATE FOR MR. HENNIGAN'S UNPREDICTABLE WORK SCHEDULE AND FREQUENT OVERNIGHT TRAVEL. SPOUSAL TRAVEL IS NOT REIMBURSABLE PER THE UNIVERSITY'S EXPENSE REIMBURSEMENT POLICY; HOWEVER, THE PRESIDENT'S SPOUSES EXPENDITURES ARE REIMBURSED FOR OFFICIAL BUSINESS, ACCORDING TO THE PRESIDENT'S EMPLOYMENT CONTRACT. GENERALLY TRAVEL FOR COMPANIONS IS INFREQUENT. THE UNIVERSITY PAYS FOR THE DUES OF THE PRESIDENT AND THE VP OF EXTERNAL AFFAIRS TO BUSINESS CLUBS WHICH HAS BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING SIGNIFICANT IMPACT ON FUNDRAISING AND THE UNIVERSITY'S ROLE IN THE DOWNTOWN COMMUNITY. PART I, LINE 7 NON-FIXED PAYMENTS ARE LISTED IN COLUMN (B) (II) BONUS & INCENTIVES COMPENSATION. THEY ARE DETERMINED ANNUALLY BASED ON PERFORMANCE EVALUATIONS. SUPPLEMENTAL INFORMATION PART III PART II, COLUMN C: EFFECTIVE JANUARY 1, 2012 THE BOARD OF DIRECTORS APPROVED THE ADOPTION OF A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE BENEFIT OF ITS PRESIDENT. DURING THE UNIVERSITY'S FISCAL YEAR THE BOARD APPROVED A $40,000 CONTRIBUTION TO THE SECTION 457(F) DEFERRED COMPENSATION PLAN FOR THE 2012 CALENDAR YEAR. THE CONTRIBUTION IS REPORTED IN PART II COLUMN C. THE AWARD IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A ALLEGHENY CO HIGHER EDU BUILDING AUTHORITY 251650137 2013-08-01 31670000 SEE PART VI 0 0 0 B MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2007-01-19 5000000 SEE PART VI 0 0 0 C MT LEBANON INDUSTRIAL DEV AUTHORITY 205476955 2006-12-27 3830000 SEE PART VI 0 0 0 D AUTH FOR IMPROV IN MUNICIPALITIES 251196358 2004-08-16 7000000 SEE PART VI 0 0 0 A 31670000 277525 31392475 2012 0 0 1 1 B 5000000 7250 4992750 2008 0 0 1 1 C 3830000 58500 3771500 2008 0 0 1 1 D 7000000 74518 6925482 2006 0 0 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 SCHEDULE K SUPPLENTAL INFORMATION PART I, LINE A, COLUMN F: FOR ACQUISITION AND RENOVATION OF STUDENT APARTMENT HOUSING, RENOVATION OF LOBBY, AND ACQUISITION OF YMCA BUILDING AND RENOVATION INTO STUDENT UNION AND ADDITIONAL CAPITAL PROJECTS. THE BONDS WERE SUBSEQUENTLY REFINANCED WITH TAX EXEMPT NOTES IN 2013. PART PART I, LINE B, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. PART I, LINE C, COLUMN F: FOR PURCHASE AND RENOVATION OF A CLASSROOM/ OFFICE BUILDING AND PURCHASE OF AN OFFICE BUILDING, LOBBY RENOVATION AND LIBRARY FURNITURE. ORIGINALLY ISSUED WITH A $3,830,000 TAX EXEMPT PORTION OUT OF A TOTAL $10,000,000. THE TAXABLE PORTION WAS FULLY CONVERTED TO TAX EXEMPT ON 7/16/12. ORIGINAL $ 3,830,000 12/31/07 $ 1,084,435 10/31/08 $ 946,350 7/16/12 $ 1,470,252 CURRENT TAX EXEMPT AMOUNT: $6,955,125. PART I, LINE D, COLUMN F: FOR SUPPORT OF DANCE STUDIO, A LIBRARY, A TELEVISION AND FILM STUDIO, MISCELLANEOUS CAPITAL PROJECTS FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE MODIFIED OCTOBER 2012. THE NUMBER OF BOARD OF TRUSTEES WAS INCREASED TO BETWEEN 17 AND 40 (FROM 17 AND 35). THE EXECUTIVE OFFICERS OF THE UNIVERSITY ADMINISTRATION WERE CHANGED AND EFFECTIVE 10/23/12 ARE THE FOLLOWING: PRESIDENT, THE CHIEF ACADEMIC OFFICER, THE CHIEF FINANCIAL OFFICER, AND SUCH OTHER OFFICERS AS THE PRESIDENT MAY DESIGNATED FROM TIME TO TIME. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY'S BUSINESS OFFICE. IT IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THEN THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A REVIEW ON BEHALF OF THE BOARD. THE FINAL COPY IS SENT TO ALL VOTING MEMBERS OF THE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONTAINED WITHIN THE UNIVERSITY'S WRITTEN CODE OF CONDUCT IS THE CONFLICT OF INTEREST POLICY, WHICH IS DISTRIBUTED ANNUALLY TO THE BOARD OF TRUSTEES, AS WELL AS TO ALL FULL-TIME AND PART-TIME EMPLOYEES AND IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST STATEMENT THAT IS SIGNED BY DIRECTORS AND OFFICERS STATES, "I ACKNOWLEDGE AN ONGOING RESPONSIBILITY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE." BOARD MEMBERS COMPLETE A 'CONFLICT OF INTEREST STATEMENT' ANNUALLY. THE POLICY MAKES CLEAR THAT NOT ALL CONFLICTING INTERESTS ARE PROHIBITED. EACH REPORTED CONFLICT IS EVALUATED TO MAKE CERTAIN THAT DIRECTORS AND OFFICERS PRIMARY OBLIGATION TO THE UNIVERSITY IS NOT COMPROMISED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE PRESIDENT, AND THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE PRESIDENT'S ANNUAL GOALS, OBJECTIVES, PERFORMANCE AND COMPENSATION. THE RULES ARE SET FORTH IN THE UNIVERSITY'S BYLAWS, ARTICLE VI, SECTION 2, PARAGRAPH 4. "THE EXECUTIVE COMMITTEE SHALL ALSO ACT AS THE COMPENSATION COMMITTEE FOR PURPOSES OF APPROVING THE PRESIDENT'S ANNUAL GOALS AND OBJECTIVES, EVALUATING THE PRESIDENT'S ANNUAL PERFORMANCE, AND DETERMINING THE PRESIDENT'S ANNUAL COMPENSATION. THE EXECUTIVE COMMITTEE IN THIS ROLE SHALL ADHERE TO ALL APPLICABLE STANDARDS PROMULGATED BY THE IRS WITH RESPECT TO COMPENSATION PAYABLE BY EXEMPT ORGANIZATIONS. THE PRESIDENT SHALL NOT BE PRESENT WHILE THE EXECUTIVE COMMITTEE DELIBERATES ON THE COMPENSATION, GOALS, AND OBJECTIVE, OR PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL ALSO PROVIDE ADVICE TO THE PRESIDENT REGARDING THE ANNUAL GOALS AND OBJECTIVES, PERFORMANCE, AND COMPENSATION OF THE PRESIDENT'S EXECUTIVE OFFICERS. THE CHAIR OF THE BOARD WILL REPORT TO THE BOARD, AS APPROPRIATE, CONCERNING THE EXECUTIVE COMMITTEE'S DELIBERATIONS AS THE COMPENSATION COMMITTEE. FROM TIME TO TIME, THE UNIVERSITY EMPLOYS THE SERVICES OF AN INDEPENDENT FIRM TO DO AN EXECUTIVE BENCHMARKING STUDY AND IMPLEMENT A PEER REVIEW PROCESS FOR THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES IN ORDER TO HELP ADVISE THE COMPENSATION COMMITTEE. IN GENERAL THE HUMAN RESOURCES DEPARTMENT USES SURVEYS FROM CUPA-HR [COLLEGE & UNIVERSITY PROFESSIONAL ASSOC.] FOR STAFF AND AAUP [AMERICAN ASSOC. OF UNIVERSITY PROFESSORS] FOR FACULTY. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ONLINE AS A COMPONENT OF THE UNIVERSITY'S CODE OF CONDUCT. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP: -164,573. OVERSIGHT OF FINANCIAL STATEMENT AUDIT FORM 990, PART XI, QUESTION 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE NUMBER OF EMPLOYEES IS COMPRISED OF THE FOLLOWING: FORM 990 PART I, LINE 5 FULL TIME STAFF 322 FULL TIME FACULTY 144 PART TIME FACULTY 343 PART TIME STAFF 184 PART TIME STUDENTS 754