2014-05-13T14:54:21-05:00 2013-06-30 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2012-07-01 020274509 SOUTHERN NEW HAMPSHIRE UNIVERSITY SOUT 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 JOSEPH SERGI 6036269100 2014-05-12 1 JOSEPH M GISO P00030126 6177610600 2014-05-12 2012 2015-11-30 17:44:51Z PAUL J LEBLANC 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 255148794 0 X WWW.SNHU.EDU X 1932 NH SOUTHERN NEW HAMPSHIRE UNIVERSITY 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, 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. 21 20 3655 577 19839 18839 3201083 3116510 163405787 226678881 1377131 2963739 -1705798 2368704 166278203 235127834 31107210 32136285 0 0 76232108 94614134 0 0 1448740 48923756 80312498 156263074 207062917 10015129 28064917 233193929 264496088 155857143 157273070 77336786 107223018 X SEE SCHEDULE OSOUTHERN NEW HAMPSHIRE UNIVERSITY 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, 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. 0 0 115130865 32136285 212762050 INSTRUCTION: SNHU IS A PRIVATE, COEDUCATIONAL INSTITUTION. ENROLLMENT CONSISTS OF APPROXIMATELY 2,762 STUDENTS IN THE DAY SCHOOL; 36,178 ENROLLMENTS IN THE GRADUATE SCHOOL; 34,335 ENROLLMENTS IN THE DIVISION OF CONTINUING EDUCATION; AND 93,511 ENROLLMENTS IN DISTANCE EDUCATION. 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 AS A PH.D. IN COMMUNITY ECONOMICS DEVELOPMENT AND A DBA IN INTERNATIONAL BUSINESS. 56127086 16279941 STUDENT SERVICES: SOUTHERN NEW HAMPSHIRE UNIVERSITY 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. 171257951 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 X 22416 0 1 3655 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NH X LISA HEFFERNAN 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 PAUL LEBLANC 40.00 X X 856492 0 83847 ROBERT J DECOLFMACKER 1.00 X X 0 0 0 MARK A OUELLETTE 1.00 X X 0 0 0 ROBERT FREESE 1.00 X X 0 0 0 KUSUM AILAWADI 1.00 X 0 0 0 LAURIE CHANDLER 1.00 X 0 0 0 RICHARD COURTEMANCHE 1.00 X 0 0 0 THERESA DESFOSSES 1.00 X 0 0 0 THOMAS DIONISIO 1.00 X 0 0 0 ANDRE HAWAUX 1.00 X 0 0 0 JEREMY HITCHCOCK 1.00 X 0 0 0 RICHARD LOEFFLER 1.00 X 0 0 0 ROBERT MCDERMOTT 1.00 X 0 0 0 KYLE NAGEL 1.00 X 0 0 0 L DOUGLAS O'BRIEN 1.00 X 0 0 0 DANIEL PRIOR 1.00 X 0 0 0 GAUTAM SHARMA 1.00 X 0 0 0 JUNE SMITH 1.00 X 0 0 0 EDWARD WOLAK 1.00 X 0 0 0 PETER R WORRELL 1.00 X 0 0 0 HOWARD BRODSKY 1.00 X 0 0 0 CLAYTON CHRISTIANSEN 1.00 X 0 0 0 ABY ALEXANDER 1.00 X 0 0 0 WILLIAM MCGARRY THRU 122012 40.00 X 299934 0 41478 JOSEPH SERGI FROM 12013 40.00 X 0 0 0 KAREN ABBOTT 40.00 X 153962 0 19539 DONALD BREZINSKI 40.00 X 237361 0 43160 STEPHEN HODOWNES 40.00 X 577851 0 82970 JOHN HOLLINGER 40.00 X 163658 0 34501 PATRICIA LYNOTT 40.00 X 269594 0 51248 EDUARDO ALAVA 40.00 X 181839 0 30508 JOHNSON AU-YEUNG 40.00 X 221396 0 72210 SCOTT DURAND 40.00 X 195016 0 41751 DAVID EBY 40.00 X 198874 0 64081 YVONNE SIMON 40.00 X 219114 0 44501 3575091 0 609794 83 0 1 0 MEDIASSOCIATES INC 75 GLEN ROAD SANDY HOOK CT 06882 ADVERTISING 17035554 EDUCATION SALES MANAGEMENT (XEROX) 8740 LUCENT BLVD STE 300 HIGHLANDS RANCH CO 80129 CONSULTING 3244318 PLATTFORM ADVERTISING 1500 W 113TH ST STE 200 LENEXA KS 66219 ADVERTISING 3091950 STAR MEDIA OF NH INC 120 BEDFORD CENTER RD BEDFORD NH 03110 CONSULTING 2702397 SIX RED MARBLES 224 SCHILLING CIRCLE STE 250 HUNT VALLEY MD 21031 ADVERTISING 744376 46 1347442 1769068 2093 3116510 TUITION AND STUDENT FEES 611310 212762050 212762050 RESIDENCE AND DINING 611310 12700677 12700677 OTHER AUXILIARY ENTERPRISES 611310 1216154 1216154 226678881 1096171 14245 1081926 113466 113466 537714 568136 -30422 -30422 -36016 5594 21201774 5152 19344613 108211 1857161 -103059 1754102 1754102 OTHER INCOME 611310 2399126 2399126 2399126 235127834 229041991 19839 2949494 32136285 32136285 2943105 320842 2247708 374555 27502 27502 67518059 55465894 11449359 602806 4693450 3852518 799063 41869 13696093 11703914 1845520 146659 5735925 4708211 976545 51169 419451 1920 417531 145605 145605 212845 212845 9151228 7791140 1346025 14063 30852125 30846856 5269 4551078 2834151 1604882 112045 3880176 1431258 2447098 1820 11287822 8671437 2616385 1151208 967802 152419 30987 401868 282388 119016 464 2456156 777372 1678784 5055122 2038633 3016489 1135531 883721 251810 9612283 6543609 2996371 72303 207062917 171257951 34356226 1448740 2523621 686734 868984 1057512 1909281 1549886 5575904 5533552 2330 2276 2999252 4199107 157696333 46450634 82249980 111245699 111024884 109469229 26039693 30752093 233193929 264496088 13432770 19669136 3085592 3228749 16815744 14048957 121539747 119941031 983290 385197 155857143 157273070 X 60576490 89936632 5075745 5268385 11684551 12018001 77336786 107223018 233193929 264496088 28064917 1821315 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69302 X X 0 16350167 810801 1185442 430396 950689 16965325 16417042 1524525 -428411 557846 605143 16350167 13817495 1706356 1465632 449312 123129 16417042 11194109 1416890 1793548 587052 13817495 9598607 1884117 138455 427070 11194109 0.00000 0.70840 0.29160 0 0 10185443 10185443 100044572 28867789 71176783 1917454 1458358 459096 21303831 14827297 6476534 24245033 1297190 22947843 111245699 ALTERNATIVE INVESTMENTS 30752093 F 30752093 INTEREST RATE SWAP 385197 385197 X 205168155 1821315 568136 2389451 202778704 212845 32136285 32349130 235127834 175281923 568136 568136 174713787 212845 32136285 32349130 207062917 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES SCHOLARSHIPS TO STUDENTS AS WELL AS SUPPORT FOR ACADEMIC AND STUDENT PROGRAMS. PART V, LINE 1: ENDOWMENT SCHEDULE HAS BEEN UPDATED FROM PRIOR YEAR TO MORE ACCURATELY REFLECT THE ENDOWMENT BALANCES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE UNIVERSITY HAS IDENTIFIED A) ITS STATUS AS A TAX-EXEMPT ENTITY AND B) HOW THE UNIVERSITY DETERMINES WHAT INCOME IS RELATED AND UNRELATED TO THAT TAX-EXEMPT STATUS AS ITS ONLY SIGNIFICANT TAX POSITIONS. HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE UNIVERSITY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE UNIVERSITY'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 568,136. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 32,136,285. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 568,136. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL STUDENT AID 32,136,285. 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 SOUTHERN NEW HAMPSHIRE UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. SNHU ADMITS STUDENTS OF RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION (INCLUDING FSEOG AND PELL GRANTS) AND COMPLIES WITH THE REGULATIONS THAT PERTAIN TO ADMINISTRATION OF SUCH FINANCIAL AID. ADDITIONALLY THE UNIVERSITY RECEIVES FUNDING FROM THE SMALL BUSINESS ADMINISTRATION PERTAINING TO THE ADVANCEMENT OF WOMEN IN BUSINESS. SCHEDULE E, LINE 2 - EXPLANATION OF STATEMENT OF NONDISCRIMINATION POLICY: SOUTHERN NEW HAMPSHIRE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN THE UNIVERSITY CATALOG AND ON THE UNIVERSITY WEB SITE ON ALL FINANCIAL AID AND SCHOLARSHIP RELATED PAGES. EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES CONSULTING 98967 EUROPE (INCLUDING ICELAND & GREENLAND) 0 9 PROGRAM SERVICES STUDY ABROAD/CONSULTING/INSTRUCTION 116976 MIDDLE EAST AND NORTH AFRICA 0 2 PROGRAM SERVICES INSTRUCTION 12406 NORTH AMERICA 0 4 PROGRAM SERVICES CONSULTING/INSTRUCTION 181107 SOUTH AMERICA 0 2 PROGRAM SERVICES STUDY ABROAD/INSTRUCTION 14014 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES INSTRUCTION 8672 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES INSTRUCTION 10242 0 20 0 0 0 20 442384 0 442384 1 0 1 1 1 0 1 STUDENT SCHOLARSHIPS AND FINANCIAL AID 11604 32136285 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS THROUGH THE OFFICE OF FINANCIAL AID WHO MONITORS THE APPROPRIATENESS OF THE AWARDS. THESE AMOUNTS ARE APPLIED TO EACH STUDENT'S ACCOUNT. X X X X X 0 1 X X X X 0 1 0 0 0 0 0 1 0 PAUL LEBLANC 591919 0 200000 0 64573 0 39050 0 44797 0 940339 0 0 0 WILLIAM MCGARRY THRU 122012 251107 0 25000 0 23827 0 18983 0 22495 0 341412 0 0 0 KAREN ABBOTT 153492 0 0 0 470 0 0 0 19539 0 173501 0 0 0 DONALD BREZINSKI 202542 0 25000 0 9819 0 17641 0 25519 0 280521 0 0 0 STEPHEN HODOWNES 457139 0 90000 0 30712 0 39050 0 43920 0 660821 0 0 0 JOHN HOLLINGER 152928 0 10000 0 730 0 6750 0 27751 0 198159 0 0 0 PATRICIA LYNOTT 217788 0 50000 0 1806 0 30983 0 20265 0 320842 0 0 0 EDUARDO ALAVA 159505 0 0 0 22334 0 0 0 30508 0 212347 0 0 0 JOHNSON AU-YEUNG 156975 0 45000 0 19421 0 11550 0 60660 0 293606 0 0 0 SCOTT DURAND 164525 0 30000 0 491 0 10286 0 31465 0 236767 0 0 0 DAVID EBY 158580 0 40000 0 294 0 11250 0 52831 0 262955 0 0 0 YVONNE SIMON 218148 0 0 0 966 0 18983 0 25518 0 263615 0 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: FROM TIME TO TIME, IF CIRCUMSTANCES WARRANT (EX. EXTENDED FLIGHTS, HEALTH ISSUES) FIRST CLASS AIRFARE WILL BE PROVIDED TO EMPLOYEES. TWO KEY EMPLOYEES RECEIVED THIS BENEFIT DURING THE CURRENT PERIOD. TRAVEL FOR COMPANIONS: OCCASIONALLY, SNHU WILL PAY FOR AIR TRAVEL FOR THE PRESIDENT'S FAMILY MEMBERS AND IS INCLUDED IN 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 EMPLOYEES' TAXABLE INCOME IN THE CURRENT PERIOD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: TWO 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 ARE 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 ON OCCASION, FOR OUTSTANDING SERVICE, CERTAIN INDIVIDUALS RECEIVED A BONUS, THE AMOUNTS OF WHICH ARE LISTED ON SCHEDULE J, PART II, COLUMN (B)(II). SUPPLEMENTAL INFORMATION PART III 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 2003 020279866 644614GH6 2003-09-23 9732439 CONSTRUCTION 1 0 0 B NHHEFA SERIES 2005 020279866 644614LR8 2005-06-23 37210207 ADVANCE REFUNDING & CONSTRUCTION 0 0 0 C NHHEFA SERIES 2006 020279866 644614RB7 2006-11-30 9084629 CURRENT REFUNDING 0 0 0 D NHHEFA SERIES 2008 020279866 644614WS4 2008-12-18 32730000 CURRENT REFUNDING & CONSTRUCTION 0 0 0 A 4030000 5705000 9732439 14 199300 406721 8387276 739128 2005 0 0 1 1 B 20015000 37210207 1424259 441110 1275798 16994396 17564556 2008 0 1 1 1 C 2165000 9084629 754220 181692 151185 8751752 2006 1 0 1 1 D 2130000 32730000 445877 137764 17564574 14581783 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 1 0 0 1 1 DEUTSCHE BANK 5.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART I, COLUMN (F): B. NHHEFA SERIES 2005 - THE BONDS BEING ADVANCE REFUNDED WERE ISSUED ON JULY 2, 1997 AND MAY 10, 2000. C. NHHEFA SERIES 2006 - THE BONDS BEING CURRENTLY REFUNDED WERE ISSUED ON JULY 2, 1997. D. NHHEFA SERIES 2008 - THE BONDS BEING CURRENTLY REFUNDED WERE ISSUED ON SEPTEMBER 23, 2003 AND JUNE 23, 2005. F. NHHEFA SERIES 2012 - ADVANCE REFUNDING OF BONDS ISSUED 9/23/03 & CONSTRUCTION. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: NHHEFA SERIES 2003 DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2011 (B) ISSUER NAME: NHHEFA SERIES 2005 DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2011 (C) ISSUER NAME: NHHEFA SERIES 2006 DATE THE REBATE COMPUTATION WAS PERFORMED: 11/29/2011 SCHEDULE K, PART IV, LINE 7 & PART V: THE ORGANIZATION HAS DRAFTED POLICIES AND IS AWAITING POLICY APPROVAL PERTAINING TO THE MONITORING OF THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION HAS ALSO DRAFTED AND IS AWAITING APPROVAL ON WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. A NHHEFA SERIES 2012 020279866 644614T25 2012-06-07 65204319 SEE PART VI 0 0 0 A 65204319 5550595 1393915 5300934 738508 15890959 36435062 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 0 22065 SCHOLARSHIPS PATRICIA FINDLEN SPOUSE OF PRES. 10400 WAGES 0 HANNAH LEBLANC DAUGHTER OF PRES. 17102 WAGES 0 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 A, LINE 5 IN AUGUST 2012, THE UNIVERSITY BECAME AWARE OF A SIGNIFICANT DIVERSION OF ITS ASSETS BY AN EMPLOYEE OF THE UNIVERSITY AND IMMEDIATELY ALERTED THE NEW HAMPSHIRE ATTORNEY GENERAL, WHO BEGAN AN INVESTIGATION INTO THE MATTER. THE ATTORNEY GENERAL HAS COMPLETED ITS INVESTIGATION INTO THE MISAPPROPRIATION OF FUNDS. THE UNIVERSITY HAS DETERMINED THAT, BETWEEN JUNE 1998 AND JUNE 2012, AN INDIVIDUAL DIVERTED APPROXIMATELY $1,157,252 IN UNIVERSITY FUNDS. CONTROLS AND PROCEDURES RELATED TO THE IMPACTED AREAS OF THE UNIVERSITY HAVE BEEN REVIEWED BY AN INDEPENDENT CONSULTANT WITH EXPERTISE IN THIS AREA. ADDITIONAL MEASURES HAVE BEEN PUT IN PLACE SINCE THE DISCOVERY TO REDUCE THE RISK OF SIMILAR ISSUES IN THE FUTURE. THE UNIVERSITY HAS RECOVERED $1,115,000 AS OF APRIL 30, 2014 AND IS EXPECTED TO RECOVER THE FULL AMOUNT. 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 14: THE UNIVERSITY HAS DEVELOPED A DOCUMENT RETENTION AND DESTRUCTION POLICY AND IT IS CURRENTLY IN THE REVIEW PROCESS. THEREFORE IT HAS NOT YET BEEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S BOARD OF TRUSTEES COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. THE RESULTS ARE THEN REVIEWED BY THE UNIVERSITY'S GENERAL COUNSEL FOR ANY POTENTIAL CONFLICTS WHICH WOULD REQUIRE DISCLOSURE. THE CONFLICT OF INTEREST REVIEW PROCESS DOES NOT CURRENTLY INCLUDE KEY EMPLOYEES. AS THE CURRENT PROCESS IS UNDER REVIEW, KEY EMPLOYEES WILL BE ADDED IN THE NEXT REVISION. FORM 990, PART VI, SECTION B, LINE 15 FOR FISCAL YEAR 2013, 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 CONSIDERS MAKING IT'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE DISSEMINATED IN AN ANNUAL PUBLICATION PRODUCED BY THE OFFICE OF INSTITUTIONAL ADVANCEMENT AND COPIES ARE AVAILABLE UPON REQUEST.