2014-05-15T08:52:29-05:00 2013-06-30 MALONEY NOVOTNY LLC 1111 SUPERIOR AVENUE SUITE 700 CLEVELAND OH 44114 990 2012-07-01 314379585 OHIO WESLEYAN UNIVERSITY % DAN HITCHELL OHIO 7403682000 61 SOUTH SANDUSKY STREET Suite DELAWARE OH 43015 DAN HITCHELL 7403682000 2014-05-14 true CHRISTOPHER B ANDERSON 2163630100 2012 2015-11-30 17:44:51Z DAN HITCHELL 61 SOUTH SANDUSKY STREET DELAWARE OH 43015 121088991 false X WWW.OWU.EDU X 1842 OH OWU IS ONE OF THE NATION'S PREMIER SMALL LIBERAL ARTS COLLEGES, BOASTING STRONG RELATIONSHIPS BETWEEN STUDENTS & FACULTY & A HOST OF OPPORTUNITIES THAT PREPARE STUDENTS FOR LIVES OF SERVICE & LEADERSHIP. 40 39 1864 1000 -29426 -29426 14415270 22755487 81382196 85366441 12056265 8674703 2807518 4262826 110661249 121059457 38063489 41724228 0 0 37007224 37560928 0 0 3529872 28434901 28195481 103505614 107480637 7155635 13578820 328572042 351930463 76400297 76700274 252171745 275230189 X OHIO WESLEYAN'S CHARTER PROVIDES THAT "THE UNIVERSITY IS FOREVER TO BE CONDUCTED ON THE MOST LIBERAL PRINCIPLES, ACCESSIBLE TO ALL RELIGIOUS DENOMINATIONS, AND DESIGNED FOR THE BENEFIT OF OUR CITIZENS IN GENERAL." IN THE SPIRIT OF ITS HERITAGE, THE UNIVERSITY DEFINES ITSELF AS A COMMUNITY OF TEACHERS AND STUDENTS DEVOTED TO THE FREE PURSUIT OF TRUTH. IT DEVELOPS IN ITS STUDENTS QUALITIES OF INTELLECT AND CHARACTER THAT WILL BE USEFUL NO MATTER WHAT THEY CHOOSE TO DO IN LATER LIFE. OWU JUDGES ITSELF SUCCESSFUL WHEN IT HAS ACCOMPLISHED THREE OBJECTIVES IN ITS WORK WITH STUDENTS: TO IMPART KNOWLEDGE. TO DEVELOP AND ENHANCE CERTAIN IMPORTANT CAPABILITIES OF STUDENTS. 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13809204 5703057 10407373 4174834 6232539 106021111 INTEREST IN TRUSTS 3634340 F FIXED INCOME 1417718 F OTHER INVESTMENTS 11097 F MULTI-ASSET CLASS 62102361 F INVESTMENT IN STUYVESANT HALL 4038970 F INVESTMENT IN OWU FUND 120339838 F 191544324 0 POSTRETIREMENT BENEFITS OBLIG. 22223672 ADVANCES FROM FEDERAL GOVT. 3657211 FAIR VALUE OF INTEREST RATE SWAP 863612 26744495 94628343 8109526 6540186 14649712 79978631 41080826 41080826 121059457 66506190 106379 106379 66399811 41080826 41080826 107480637 FINANCIAL STATEMENT FOOTNOTE FOR ART COLLECTION, PART III, ITEM 1A: ART COLLECTIONS - THE UNIVERSITY MAINTAINS A COLLECTION OF ARTWORK IN ITS HUMPHREYS ART HALL. DUE TO THE DIFFICULTY IN ESTABLISHING A VALUE FOR COLLECTION PIECES DONATED TO THE UNIVERSITY, THESE ASSETS ARE NOT RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. COLLECTION PURCHASES ARE EXPENSED AS PURCHASED. THE UNIVERSITY PROVIDES A CLEAN, SECURE AND STABLE ENVIRONMENT FOR ITS PERMANENT COLLECTIONS. THE ARTWORK IS GIVEN REASONABLE CARE TOWARDS ITS PRESERVATION. DESCRIPTION OF ART COLLECTION, PART III, LINE 4: Museum's permanent collection: - All of our exhibitions are open to the public. Those are mounted in the museum or in either Gallery 2001 in Beeghly Library or the Alumni Gallery in Mowry Alumni Center. - Students regularly use the items on display in feature exhibitions and/or items from the museum's permanent collection for research projects assigned to them by our art history instructor. Other art instructors frequently bring their classes to the museum or to one of the museum's satellite galleries to view and discuss items on display in feature exhibitions mounted at either or both of those locations. - We have a large permanent collection which is housed in the museum's second floor archive area. The items in the collection are secured in a locked and temperature/humidity controlled storage area. All items are stored in a way that assures their safekeeping and preservation for future generations. - We have loaned items from the museum's permanent collection to both public and private museums on several occasions. - The collection is composed primarily of original works on paper. While the collection includes drawings and paintings on paper, by far the largest number of works on paper are prints (lithographs, etchings, intaglio, and screen prints) and photographs. There are a few pieces of ceramics, sculpture, and jewelry in the collection, and at least one painting on canvas. Due to limited storage space and cost of acquiring "one-of-a-kind" objects, in 1972 it was the decision of the members of the fine arts faculty to commence the building of a permanent collection of original works of art that would be composed primarily of works on paper. INTENDED USES OF ENDOWMENT ASSETS, PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENT FUNDS REPRESENT FUNDS WHICH ARE RESTRICTED AS TO USE IN PERPETUITY. DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE SPENT IN COMPLIANCE WITH THE DONOR'S RESTRICTION APPLICABLE TO THE FUNDS BEING DISTRIBUTED. EXPENDITURES FROM OTHER ENDOWMENT FUNDS ARE APPROVED BY THE BOARD OF TRUSTEES AND ARE SPENT ON ACTIVITIES WHICH FURTHER THE EXEMPT EDUCATIONAL PURPOSES OF THE UNIVERSITY. OTHER CHANGES IN REVENUE, PART XI, LINE 2D: ACTUARIAL ADJUSTMENT OF SPLIT-INTEREST AGREEMENTS: $366,973; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP: $146,316; REVENUE OF AFFILIATES AND CAPITAL CONTRIBUTIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS; $6,026,897; TOTAL ADJUSTMENT: $6,540,186 OTHER CHANGES IN REVENUE, PART XI, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE IN PART IX OF FORM 990: $41,080,826 OTHER CHANGES IN EXPENSES, PART XII, LINE 2D: POSTRETIREMENT OBLIGATION ADJUSTMENT: ($787,287); PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST: ($69,522); EXPENSES OF AFFILIATES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS; $963,188; TOTAL ADJUSTMENT: $106,379 OTHER CHANGES IN EXPENSES, PART XII, LINE 4B: STUDENT FINANCIAL AID, WHICH WAS SHOWN AS A REDUCTION OF REVENUE ON FINANCIAL STATEMENTS BUT AS AN EXPENSE IN PART IX OF FORM 990: $41,080,826 FIN 48 (ASC 740) FOOTNOTE, PART X, LINE 2: FEDERAL INCOME TAX - THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY, THE CONTINUED TAX-EXEMPT STATUS OF BONDS ISSUED BY THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED TAXABLE INCOME. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2013, THE UNIVERSITY'S INCOME TAX YEARS FROM 2009 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. CONSERVATION EASEMENT REPORTING, PART II, LINE 9: THE UNIVERSITY DOES NOT REFLECT THE CONSERVATION EASEMENT IN ITS BALANCE SHEET OR REVENUE AND EXPENSES. THE VALUE OF THE EASEMENT IS IMMATERIAL TO THE UNIVERSITY'S FINANCIAL STATEMENTS. true true false true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY, LINE 3: THE UNIVERSITY IS EXEMPT FROM THIS REQUIREMENT UNDER SECTION 4(03)2(B) OF REVENUE PROCEDURE 75-50. THE UNIVERSITY PUBLISHES ITS RACIAL NONDISCRIMINATION POLICY IN ALL MAJOR FINANCIAL AID AND ADMISSIONS PUBLICATIONS. AID FROM A GOVERNMENTAL AGENCY, LINE 6A: THE UNIVERSITY PARTICIPATES IN THE GOVERNMENT'S VARIOUS TITLE IV STUDENT FINANCIAL AID PROGRAMS. true Central America and the Caribbean Program Services EDUCATION 15068 East Asia and the Pacific Program Services EDUCATION 76744 Europe (Including Iceland and Greenland) 1 Program Services EDUCATION 285338 North America Program Services EDUCATION 9200 South America Program Services EDUCATION 166325 South Asia Program Services EDUCATION 16529 Sub-Saharan Africa Program Services EDUCATION 74198 Central America and the Caribbean Investments 27295930 1 1 27939332 27939332 UNIVERSITY GRANTS Central America and the Caribbean 16 15068 CHECK UNIVERSITY GRANTS East Asia and the Pacific 23 76744 CHECK UNIVERSITY GRANTS Europe (Including Iceland and Greenland) 101 285338 CHECK UNIVERSITY GRANTS North America 2 9200 CHECK UNIVERSITY GRANTS South America 41 166325 CHECK UNIVERSITY GRANTS South Asia 6 16529 CHECK UNIVERSITY GRANTS Sub-Saharan Africa 17 74198 CHECK true false true false true false MONITORING USE OF GRANT FUNDS, PART I, LINE 2: GRANTS ARE AWARDED TO ADMITTED STUDENTS BASED ON AN EVALUATION OF THEIR ACADEMIC PROFILE AND A CAREFUL ANALYSIS OF THEIR DEMONSTRATED FINANCIAL NEED. STUDENTS AWARDED GRANT FUNDS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AND REMAIN ENROLLED AT THE UNIVERSITY ON A FULL TIME ACADEMIC BASIS. AT THE END OF EVERY TERM, EACH STUDENT'S ACADEMIC STATUS (I.E., GPA) IS MONITORED TO DETERMINE CONTINUED ELIGIBILITY FOR ALL GRANT FUNDS RECEIVED. FOR MONITORING PURPOSES, ELECTRONIC REPORTS GENERATED FROM OUR DATABASE ARE UTILIZED FOR THE AWARD DETERMINATION AND STATUS REVIEW PROCESS. THE UNIVERSITY ENSURES THAT ITS GRANT FUNDS ARE USED FOR EDUCATIONAL PURPOSES BY CREDITING THE SCHOLARSHIPS AND OTHER FINANCIAL AID DIRECTLY TO THE STUDENTS' ACCOUNTS RATHER THAN ISSUING CHECKS. GOLF OUTING 52675 20415 32260 5328 5185 4254 14767 0 52675 20415 32260 5328 5185 4254 14767 29534 2726 true SCHOLARSHIPS 1852 41080826 MONITORING USE OF GRANT FUNDS, PART I, LINE 2: GRANTS ARE AWARDED TO ADMITTED STUDENTS BASED ON AN EVALUATION OF THEIR ACADEMIC PROFILE AND A CAREFUL ANALYSIS OF THEIR DEMONSTRATED FINANCIAL NEED. STUDENTS AWARDED GRANT FUNDS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS AND REMAIN ENROLLED AT THE UNIVERSITY ON A FULL TIME ACADEMIC BASIS. AT THE END OF EVERY TERM, EACH STUDENT'S ACADEMIC STATUS (I.E., GPA) IS MONITORED TO DETERMINE CONTINUED ELIGIBILITY FOR ALL GRANT FUNDS RECEIVED. FOR MONITORING PURPOSES, ELECTRONIC REPORTS GENERATED FROM OUR DATABASE ARE UTILIZED FOR THE AWARD DETERMINATION AND STATUS REVIEW PROCESS. THE UNIVERSITY ENSURES THAT ITS GRANT FUNDS ARE USED FOR EDUCATIONAL PURPOSES BY CREDITING THE SCHOLARSHIPS AND OTHER FINANCIAL AID DIRECTLY TO THE STUDENTS' ACCOUNTS RATHER THAN ISSUING CHECKS. X X false true X X X X X X true true false false false false false false false Rockwell F Jones 272038 0 0 0 0 0 81832 0 97585 0 451455 0 0 0 Eric S Algoe 139451 0 0 0 0 0 16394 0 20585 0 176430 0 0 0 David O Robbins 160430 0 0 0 0 0 18627 0 19498 0 198555 0 0 0 Craig E Ullom 159540 0 0 0 0 0 19206 0 66883 0 245629 0 0 0 Colleen Garland 201013 0 0 0 0 0 23240 0 12381 0 236634 0 0 0 Rebecca Eckstein 149550 0 0 0 0 0 22729 0 25732 0 198011 0 0 0 Michael Hollway 143080 0 0 0 0 0 1543 0 11633 0 156256 0 0 0 Linda A Earle 122394 0 0 0 0 0 13087 0 16159 0 151640 0 0 0 Charles L Stinemetz 148669 0 0 0 0 0 17490 0 59271 0 225430 0 0 0 Barbara S Andereck 125891 0 0 0 0 0 14516 0 16249 0 156656 0 0 0 BENEFITS PROVIDED, PART I, LINE 1A: THE PRESIDENT OF THE UNIVERSITY IS REQUIRED TO LIVE IN RESIDENCE AS PART OF HIS CONTRACT. THE RESIDENCE WAS USED FOR OVER 70 UNIVERSITY FUNCTIONS WITH OVER 2,800 GUESTS IN ATTENDANCE DURING THIS FISCAL YEAR. THE UNIVERSITY DOES NOT TREAT THIS BENEFIT AS TAXABLE INCOME TO THE PRESIDENT. SPOUSAL TRAVEL IS PERMITTED ONLY FOR THE PRESIDENT'S WIFE AND ONLY WHEN AN APPROPRIATE BUSINESS PURPOSE FOR THE TRIP HAS BEEN ESTABLISHED. THIS SPOUSAL TRAVEL BENEFIT IS ADMINISTERED IN ACCORDANCE WITH IRS GUIDELINES. WRITTEN REIMBURSEMENT POLICY, PART I, LINE 1B: THE BENEFITS LISTED ABOVE WERE ENUMERATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. THIS CONTRACT WAS DELIBERATED ON AND REVIEWED BY THE BOARD OF TRUSTEES AND LEGAL COUNSEL. NONQUALIFIED DEFERRED COMPENSATION PLANS, PART I, LINE 4B: THE UNIVERSITY SPONSORS A SECTION 457(B) AND SECTION 457(F) PLAN FOR CERTAIN EXECUTIVES. THE UNIVERSITY MADE CONTRIBUTIONS FOR ROCKWELL F. JONES OF $16,500 TO THE SECTION 457(B) PLAN AND $33,500 TO THE SECTION 457(F) PLAN. ADDITIONAL INFORMATION REGARDING BENEFITS FOR PRESIDENT, PART II, COLUMN D: THE COMPONENTS OF THE NONTAXABLE BENEFITS PROVIDED BY THE UNIVERSITY IN COLUMN D FOR ROCKWELL F. JONES ARE AS FOLLOWS: WELFARE BENEFITS: $19,343; PAYROLL TAXES: $13,652; VALUE OF UNIVERSITY-PROVIDED HOUSING: $24,000; TUITION BENEFITS FOR ONE CHILD: $40,590; TOTAL: $97,585. SEVERANCE PAYMENTS, PART I, LINE 4A: MICHAEL HOLLOWAY RECEIVED A SEVERANCE PAYMENT OF $129,812 IN 2012. WILLIAM PREBLE RECEIVED A SEVERANCE PAYMENT OF $13,225 IN 2012. 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THE BROKERAGE FIRMS ARE INDEPENDENT OF THE UNIVERSITY, AND THE FEES CHARGED ARE IN ACCORDANCE WITH FAIR MARKET VALUE. GIFTS FOR WHICH REVENUE IS NOT RECORDED, PART I, LINE 33: AS MORE FULLY EXPLAINED IN SCHEDULE D, PART III, THE UNIVERSITY DOES NOT RECORD A VALUE FOR DONATED ARTWORK, AS PERMITTED UNDER STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 116. MEMBERS OF THE ORGANIZATION, FORM 990, PART VI, LINE 6: THE MEMBERS OF THE ORGANIZATION ARE THE TRUSTEES. THE BOARD OF TRUSTEES IS COMPRISED OF THE FOLLOWING MEMBERS: THE PRESIDENT OF OHIO WESLEYAN UNIVERSITY, THE PRESIDING BISHOPS OF THE WEST OHIO AREA AND EAST OHIO AREA OF THE UNITED METHODIST CHURCH, NOT MORE THAN EIGHT MEMBERS REPRESENTING THE WEST OHIO AND EAST OHIO CONFERENCE OF THE UNITED METHODIST CHURCH, NOT MORE THAN FIFTEEN MEMBERS OF THE OHIO WESLEYAN ALUMNI ASSOCIATION, AND NOT MORE THAN TWENTY TRUSTEES-AT-LARGE ELECTED BY THE BOARD OF TRUSTEES. MEMBERS' POWER OF ELECTION, FORM 990, PART VI, LINE 7A: THE BOARD OF TRUSTEES (NOT INCLUDING THE TRUSTEES-AT-LARGE) ELECTS NOT MORE THAN TWENTY TRUSTEES-AT-LARGE. THESE TRUSTEES-AT-LARGE HAVE THE SAME VOTING RIGHTS AS THE OTHER MEMBERS OF THE BOARD. FORM 990 REVIEW, FORM 990, PART VI, LINE 11B: THE BOARD OF TRUSTEES HAS DELEGATED THE AUTHORITY TO REVIEW FORM 990 TO THE BOARD'S AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS FORM 990 WITH THE ASSISTANCE OF THE VICE PRESIDENT FOR FINANCE AND THE INDEPENDENT PUBLIC ACCOUNTING FIRM. MONITORING AND ENFORCEMENT OF CONFLICT POLICY, FORM 990, PART VI, LINE 12C: THE CONFLICT POLICY IS MONITORED BY THE UNIVERSITY'S ADMINISTRATIVE OFFICERS, AS NEEDED. WHEN A CONFLICT ARISES, THE PERSON WITH THE CONFLICT IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OF THE TRANSACTION OR TO VOTE. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. COMPENSATION REVIEW AND APPROVAL, FORM 990, PART VI, LINE 15: COMPENSATION COMPARABILITY DATA FROM THE GREAT LAKES COLLEGE ASSOCATION IS USED TO DETERMINE THE COMPENSATION OF ALL OFFICERS. COMPENSATION PROVIDED TO SENIOR ADMINISTRATORS IS, IN PART, DETERMINED FROM NATIONAL CUPA DATA. BOARD MEMBERS ARE INDEPENDENT OF THE PERSONS FOR WHICH COMPENSATION IS BEING DETERMINED. THE BOARD AND/OR ITS COMMITTEES DOCUMENT THEIR DELIBERATIONS AND DECISIONS IN THE MINUTES. THE BOARD OF TRUSTEES VOTES ON THE APPOINTMENT OF AND COMPENSATION FOR THE UNIVERSITY PRESIDENT UPON RECOMMENDATION OF THE PRESIDENTIAL SEARCH COMMITTEE, AIDED BY A PROFESSIONAL CONSULTING FIRM. AVAILABILITY OF DOCUMENTS, FORM 990, PART VI, LINE 19: THE UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEB SITE. IT MAKES ITS GOVERNING DOCUMENTS AND CONFLICT POLICY AVAILABLE UPON REQUEST. DOCUMENT RETENTION POLICY, FORM 990, PART VI, LINE 14: THE UNIVERSITY HAS ADOPTED AND IMPLEMENTED A DOCUMENT RETENTION AND DESTRUCTION POLICY. HOWEVER, THE BOARD HAS NOT YET APPROVED THE POLICY. THUS, WE ARE REQUIRED TO ANSWER "NO" TO QUESTION 14 IN PART VI EVEN THOUGH THE UNIVERSITY HAS SUCH A POLICY. OTHER CHANGES IN NET ASSETS, FORM 990, PART XI, LINE 9: POSTRETIREMENT OBLIGATION ADJUSTMENT: $787,287; PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST: $69,522; ACTUARIAL ADJUSTMENT OF SPLIT-INTEREST AGREEMENTS: $366,973; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP: $146,316; TOTAL ADJUSTMENT: $1,370,098 JOINT VENTURE POLICY, FORM 990, PART VI, LINE 16B: ALTHOUGH THE UNIVERSITY DOES NOT HAVE A WRITTEN JOINT VENTURE POLICY THAT HAS BEEN APPROVED BY THE BOARD OF TRUSTEES, THE UNIVERSITY HAS REVIEWED ITS PARTICIPATION IN SUCH VENTURES TO ENSURE THAT THE UNIVERSITY'S TAX-EXEMPT STATUS HAS NOT BEEN COMPROMISED. THE 3 FOR-PROFIT ENTITIES THAT ARE CURRENTLY TREATED AS "JOINT VENTURES" ARE OWNED 100% (STUYVESANT HALL HOLDINGS, INC. AND O.W.U. PROPERTIES) AND 60% (STUYVESANT HALL, LLC) BY THE UNIVERSITY, AND AS SUCH, THE UNIVERSITY HAS SUFFICIENT CONTROL TO ENSURE THAT THE FOR-PROFIT ENTITIES OPERATE IN A MANNER THAT FURTHERS THE EXEMPT PURPOSES OF THE UNIVERSITY. THE 2 STUYVESANT HALL FOR-PROFIT ENTITIES WERE FORMED TO FACILITATE THE QUALIFICATION FOR AND USE OF HISTORIC AND OTHER TAX CREDITS FOR THE UNIVERSITY'S STUYVESANT HALL RENOVATION. O.W.U. PROPERTIES WAS FORMED TO BE THE GENERAL PARTNER IN A LIMITED PARTNERSHIP WHICH OPERATES A RESIDENCE HALL/APARTMENT COMPLEX. PROVIDING FORM 990 TO GOVERNING BODY, FORM 990, PART VI, LINE 11A: THE UNIVERSITY HAS PROVIDED A COPY OF FORM 990 TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING BUT HAS REDACTED THE NAMES AND ADDRESSES OF DONORS ON SCHEDULE B. THE UNIVERSITY BELIEVES THAT THIS DONOR INFORMATION IS CONFIDENTIAL. 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