2013-05-13T13:51:06-05:00 2012-06-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2011-07-01 210634584 Monmouth University % PHILIP A BODNER MONM 7325713407 400 Cedar Avenue West Long Branch NJ 077641898 Philip A Bodner 2125990100 2013-05-13 true Daniel Romano 2125990100 2011 2016-02-25 16:41:14Z Paul G Gaffney II 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 261461296 false X www.monmouth.edu X 1948 NJ MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. 39 35 3271 696 574800 23047 12341841 11120423 175440139 187301314 8708205 4192448 391752 634490 196881937 203248675 40683617 43444570 0 0 93376790 96683337 0 0 3709987 51836492 50991246 185896899 191119153 10985038 12129522 280655014 289080402 48498898 49549063 232156116 239531339 X MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. THROUGH ITS OFFERINGS IN LIBERAL ARTS, SCIENCES, AND PROFESSIONAL PROGRAMS, MONMOUTH UNIVERSITY EDUCATES AND PREPARES STUDENTS TO REALIZE THEIR POTENTIAL AS LEADERS AND TO BECOME ENGAGED CITIZENS IN A DIVERSE AND INCREASINGLY INTERDEPENDENT WORLD. false false 158440841 43444570 186717412 HIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE: THE EIGHT (8) SCHOOLS OF MONMOUTH UNIVERSITY (THE LEON HESS BUSINESS SCHOOL, THE SCHOOL OF EDUCATION, THE SCHOOL OF SOCIAL WORK, THE WAYNE D. MCMURRAY SCHOOL OF HUMANITIES AND SOCIAL SERVICES, THE MARJORIE K. UNTERBERG SCHOOL OF NURSING AND HEALTH STUDIES, THE SCHOOL OF SCIENCE, THE GRADUATE SCHOOL, AND THE HONORS SCHOOL) ENROLLED 4,375 FULL-TIME AND 325 PART-TIME UNDERGRADUATE STUDENTS AND 720 FULL-TIME AND 1,141 PART-TIME GRADUATE STUDENTS. IN SUPPORT OF OUR STUDENTS AND FACULTY, THE UNIVERSITY MAINTAINED A STRUCTURE OF DEPARTMENTS PERFORMING ACADEMIC SUPPORT, STUDENT SERVICES AND AUXILIARY ENTERPRISES. THE UNIVERSITY'S SCHOOLS AND DEPARTMENTS, AS WELL AS THE UNIVERSITY'S FIVE (5) INSTITUTES (THE INSTITUTE FOR GLOBAL UNDERSTANDING, THE KISLAK REAL ESTATE INSTITUTE, THE POLLING INSTITUTE, THE RAPID RESPONSE INSTITUTE AND THE URBAN COAST INSTITUTE), CONDUCTED RESEARCH AND PUBLIC SERVICE PROJECTS FUNDED BY INSTITUTIONAL, GOVERNMENT AND PRIVATE RESOURCES. FOR ADDITIONAL INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.MONMOUTH.EDU. 158440841 true true false true false false false true false true true true false false true true true false true false true false true false true false false true true true false false false false true true true true true true false false false false false false false false true 9393 0 true 3271 true true true false false false false true true false false false false X 39 35 false false false false false false false true true false false true true true true true true true true false X PHILIP A BODNER 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 Paul G Gaffney II 70.0 X X 602370 66066 Robert B Sculthorpe 1.0 X X 0 0 Marcia Sue Clever 1.0 X X 0 0 John R Garbarino 1.0 X X 0 0 Michael A Plodwick 1.0 X X 0 0 Jerome P Amedeo 1.0 X 0 0 Virginia S Bauer 1.0 X 0 0 Francis V Bonello 1.0 X 0 0 Peter R Bruckmann 1.0 X 0 0 Rosa Chaviano-Moran 1.0 X 0 0 Dennis M Coleman 1.0 X 0 0 William P Dioguardi Jr 1.0 X 0 0 Marti S Egger 1.0 X 0 0 John A Greco Jr 1.0 X 0 0 Jan Greenwood 1.0 X 0 0 Marianne Hesse 1.0 X 0 0 Kenneth W Hitchner III 1.0 X Frederick J Kaeli Jr 1.0 X 0 0 Robert E McAllan 1.0 X 0 0 Henry D Mercer III 1.0 X 0 0 Thomas J Michelli 1.0 X 0 0 H William Mullaney 1.0 X 0 0 Tavit O Najarian 1.0 X 0 0 Jeana M Piscatelli 1.0 X 0 0 Thomas A Porskievies 1.0 X 0 0 Steven J Pozycki 1.0 X 0 0 David A Reale 1.0 X 0 0 M Monica Sweeney 1.0 X 0 0 Michelle Spicer Toto 1.0 X 0 0 James S Vaccaro 1.0 X 0 0 Paul W Corliss 1.0 X 0 0 Alan E Davis 1.0 X 0 0 Judith Ann Eisenberg 1.0 X 0 0 Alfred L Ferguson 1.0 X 0 0 Harold L Hodes 1.0 X 0 0 John H Kessler 1.0 X 0 0 Stephen M Parks 1.0 X 0 0 William B Roberts 1.0 X 0 0 Alfred J Schiavetti 1.0 X 0 0 William Craig 55.0 X 265967 89958 Thomas Pearson 55.0 X 255393 44285 Patricia Swannack 55.0 X 242431 40701 Jeffrey Mills 55.0 X 241517 85980 Grey Dimenna 55.0 X 232945 20031 Mary Anne Nagy 55.0 X 205375 17754 Marilyn McNeil 55.0 X 201390 35297 Robert McCaig 55.0 X 199659 25442 Edward Christensen 55.0 X 165043 37560 Donald Moliver 40.0 X 234945 74688 Datta Naik 40.0 X 201136 25762 Stanton Green 40.0 X 181408 58440 Anthony MacDonald 40.0 X 179584 32542 Y Lal Mahajan 40.0 X 177050 37364 3586213 0 691870 131 false true false ARAMARK IDS-100 PENN SQUARE EAST PHILADELPHIA PA 19107 FOOD SERVICE 4669614 KELSO CONSTRUCTION CO 2329 ROUTE 34 MANASQUAN NJ 08736 CONSTRUCTION Mgmt. 3002688 PASKILL STAPLETON LORD ONE ROBERTS AVENUE GLENSIDE PA 190383497 MARKETING 1348354 LL PAVING 3068 SHAFTO ROAD TINTON FALLS NJ 07753 PAVING CONTRACTOR 574975 RESILIENT ROOF COATINGs 177 PARSIPPANY ROAD PARSIPPANY NJ 07054 ROOFING CONTRACTOR 425983 30 45400 1250952 2272518 7551553 828551 11120423 TUITION AND FEES 900099 156521887 156521887 AUXILIARY ENTERPRISES 721310 26518891 26518891 GOVERNMENT CONTRACTS 541700 377462 377462 OTHER 900099 3883074 3299172 583902 187301314 1495970 1495970 0 62675 62675 60488146 57791668 2696478 2696478 2696478 417968 1250952 420953 -2985 -2985 0 0 CONFERENCE AND PROGRAM SERVICES 722320 397363 397363 FITNESS CENTER 713940 77105 77105 COPY CENTER 561439 18513 18513 81819 81819 574800 203248675 186717412 574800 4836040 146440 146440 42609992 42609992 688138 688138 0 3154505 2820600 333905 186946 185346 1600 68922098 55257220 11763870 1901008 4175951 3341989 722584 111378 14808631 11512466 2905469 390696 5435206 4166300 1106367 162539 0 50008 50008 154500 154500 113464 113464 0 755417 755417 8628067 7471512 993154 163401 2118051 696675 1421151 225 4214116 3223437 726209 264470 1619957 417434 1148329 54194 0 9792457 8243174 1451906 97377 2452102 2134744 281441 35917 0 657389 611574 44011 1804 1252686 1252686 0 10239499 9411871 701668 125960 2465972 2188562 243572 33838 DUES AND MEMBERSHIPS 1187273 175907 994911 16455 LIBRARY MATERIALS 840235 840235 BOOKSTORE MATERIALS 2873879 2873879 INDIRECT COST CHARGES 173072 173072 1403102 1003534 384348 15220 191119153 158440841 28968325 3709987 0 0 2529210 7580750 14044700 12152537 1016999 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147509910 48602250 99987660 328145 67490 260655 20126557 13827479 6299078 92954936 50571051 42383885 155432565 DOMESTIC EQUITY/FIXED INC FDS 39471956 F COMMODITIES FUND 3018629 F HEDGED EQUITY FUNDS 7245724 F NON-MARKETABLE FUNDS 4598308 F OTHER 132357 F 54466974 0 FUNDS HELD FOR OTHERS 128329 STUDENT LOAN GRANTS REFUNDABLE 4104619 ASSET RETIREMENT OBLIGATION 6925779 11158727 203248675 191119153 12129522 -4754299 -288000 -5042299 7087223 154154329 -4754299 1500 -43298130 -48050929 202205258 755417 288000 1043417 203248675 147067106 1500 1500 147065606 755417 43298130 44053547 191119153 Schedule D, Part III, Line 4 THE MONMOUTH UNIVERSITY PERMANENT ART COLLECTION SERVES AS A VITAL TEACHING TOOL AND IS AN INTEGRAL ASSET TO THE DEPARTMENT OF ART AND DESIGN, THE UNIVERSITY CAMPUS AS A WHOLE, AND THE VISITING PUBLIC. THROUGH COMPLIMENTING UNIVERSITY GALLERY EXHIBITIONS and LECTURES AND WORKSHOPS BY VISITING ARTISTS AND HISTORIANS, THE UNIVERSITY COLLECTION PROVIDES STUDENTS, FACULTY AND THE GENERAL PUBLIC AT LARGE WITH ACCESS TO IMPORTANT PIECES OF ART. THE PERMANENT COLLECTION IS FREQUENTLY ON DISPLAY, SHOWCASING WORKS OF ART. THE UNIVERSITY COLLECTION IS ALSO MADE AVAILABLE TEMPORARILY, PER REQUEST, TO OTHER EDUCATIONAL INSTITUTIONS FOR EXHIBITION AND SCHOLARLY RESEARCH. FOR EXAMPLE, THE COLLECTION CONTAINS SUBTANTIAL WORKS BY LEWIS MUMFORD AND JACOB LANDAU. WITH PROPER APPROVALS, THESE WORKS ARE MADE AVAILABLE ON LOAN TO REQUESTING INSTITUTIONS. Schedule D, Part V, Line 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING SCHOLARSHIPS, FACULTY CHAIRS, INSTRUCTION, ACADEMIC SUPPORT, AND OPERATION AND MAINTENANCE OF THE PHYSICAL PLANT. Schedule D, Part X Fin 48 The university is an organization described under section 501(c)(3) of the Internal Revenue Code (the code) and, therefore, is exempt from federal income taxes under section 501(a) of the code. There are certain transactions that could be deemed unrelated business income and could result in a tax liability. Management reviews transactions to estimate potential tax liabilities using a threshold of more likely than not. It is management's estimation that there are no material tax liabilities that need to be recorded. Schedule D, Part XI, Line 8 Reconciliation of Change in Net Assets Non-cash contributions received during the fiscal year ended June 30, 2012 included in Form 990, Part VIII, line 1g that were recorded in the audited financial statements during the following fiscal year ending June 30, 2013. Schedule D, Part XII, Line 2d and 4b reconciliation of revenue Line 2d Tuition Discount $42,214,750 Room & Board Discount $1,083,380 ---------- $43,298,130 ========== Line 4b Non-cash contributions received during the fiscal year ended June 30, 2012 included in Form 990, Part VIII, line 1g that were recorded in the audited financial statements during the following fiscal year ending June 30, 2013. Schedule D, Part XIII, LIne 4b Reconciliation of Expenses Tuition Discount $42,214,750 Room & Board Discount $1,083,380 ---------- $43,298,130 ========== true true true true true true true false false false false false false false false true false true Part I, Line 3 Monmouth University makes its racially nondiscriminatory policy public through Newspaper Announcements. Part I, Line 6a The University receives grants from federal and state governmental agencies for various purposes including student financial aid, research and training. true Europe (Including Iceland and Greenland) 0 0 Grantmaking Study Abroad Students 590518 East Asia and the Pacific 0 0 Grantmaking Study Abroad Students 97620 Central America and the Caribbean 0 0 Investments 14578299 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad Program 637188 East Asia and the Pacific 0 0 Program Services Study Abroad Program 217330 0 0 0 0 16120955 16120955 Study Abroad Students Europe/Iceland/Greenland 43 590518 Study Abroad Students East Asia/Pacific 25 97620 false false true true false false Part I, Line 2 MONMOUTH UNIVERSITY GRANTS, INCLUDING THOSE GRANTS RELATED TO STUDENTS PARTICIPATING IN OUR STUDY ABROAD PROGRAM, TAKE THE FORM OF SCHOLARSHIPS AWARDED BY OUR FINANCIAL AID OFFICE FOR TUITION, ROOM, BOARD AND BOOKS. THE SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH THE GUIDELINES ESTABLISHED FOR EACH SCHOLARSHIP AND ARE ADMINISTERED BY THE FINANCIAL AID OFFICE. CREDITING OF SCHOLARSHIPS TO STUDENT ACCOUNTS IS ADMINISTERED BY THE BURSAR'S OFFICE. THE SCHOLARSHIPS REPORTED HERE WERE GRANTED TO MONMOUTH UNIVERSITY STUDENTS WHILE THEY WERE STUDYING ABROAD AND REPORTED IN ACCCORDANCE WITH THE SCHEDULE F INSTRUCTIONS AND THE IRS'S FILING TIPS. gaffney roast 1050734 921178 129556 94319 250 30084 R.e.i. awards 242190 153460 88730 60186 19044 10886 10 375996 176314 199682 28271 87415 35365 55133 1668920 1250952 417968 28271 241920 54659 96103 420953 -2985 true Borough of West Long Branch 967 Broadway West long branch NJ 07764 216001351 Borough of WLB 34933 general support/fire engine Two river Theater Co 21 Bridge Ave Red bank NJ 07701 521857767 501(c)(3) 35000 General Support Greater Long Branch Chamber PO Box 628 Long Branch NJ 07740 210502065 501(c)(6) 9510 General Support 2 1 Tuition Discount 5867 42214750 Auxiliary Enterprise Discount 151 1083380 Part I, Line 2 MONMOUTH UNIVERSITY GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS ARE MODEST AND ARE APPROVED BY OUR OFFICE OF PUBLIC AFFAIRS AND MONITORED BY THE PRESIDENT'S CABINET. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS TAKE THE FORM OF SCHOLARSHIPS TO OUR STUDENTS. THE SOURCE OF FUNDING OF THESE SCHOLARSHIPS MAY BE UNIVERSITY INSTITUTIONAL FUNDS, GOVERNMENT FUNDS OR DONOR FUNDS. UNIVERSITY FUNDED SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY'S financial aid office, BOTH GRADUATE AND UNDERGRADUATE, AND AWARDED USING A CALCULATION DRIVEN BY PRIOR ACADEMIC PERFORMANCE STATISTICS. GOVERNMENT FUNDED SCHOLARSHIPS ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO GOVERNMENT REGULATIONS AND AWARD CRITERIA. DONOR FUNDED SCHOLARSHIPS, WHETHER SPONSORED OR ENDOWED, ARE AWARDED BY THE UNIVERSITY'S FINANCIAL AID OFFICE WITH STRICT ADHERENCE TO THE DONOR'S WRITTEN AWARD CRITERIA. THE UNIVERSITY'S DEVELOPMENT OFFICE WORKS WITH THE DONOR AT THE TIME OF THE GIFT TO ESTABLISH THE WRITTEN AWARD CRITERIA AND THESE CRITERIA ARE MAINTAINED FOR REFERENCE IN BOTH THE UNIVERSITY'S DEVELOPMENT AND FINANCIAL AID OFFICES. X X X X true true X X X X false false false false false false false true false Paul G Gaffney II 449378 141600 11392 19600 46466 668436 William Craig 253981 10000 1986 19600 70358 355925 Thomas Pearson 252249 3144 19600 24685 299678 Patricia Swannack 232445 8000 1986 19033 21668 283132 Jeffrey Mills 240533 984 19600 66380 327497 Grey Dimenna 230488 2457 18527 1504 252976 Mary Anne Nagy 203704 1671 16384 1370 223129 Marilyn McNeil 198054 3336 16115 19182 236687 Robert McCaig 199252 407 16108 9334 225101 Edward Christensen 165043 13523 24037 202603 Donald Moliver 220844 14101 18251 56437 309633 Datta Naik 197544 3592 16018 9744 226898 Stanton Green 178785 2623 14686 43754 239848 Anthony MacDonald 172378 7206 14061 18481 212126 Y Lal Mahajan 153165 23885 12625 24739 214414 Line 1a housing allowance or residence for personal use FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE IN A HOME LOCATED ON CAMPUS AND PROVIDED BY THE UNIVERSITY AT ITS EXPENSE. SPACE PROVIDED IN THE PRESIDENT'S RESIDENCE FOR PRIVATE USE IS REPORTED AS COMPENSATION ON FORM 990. Line 1a tax indemnification and gross-up payments THE BOARD OF TRUSTEES HAS INCLUDED IN THE PRESIDENT'S COMPENSATION PACKAGE REIMBURSEMENT FOR FINANCIAL PLANNING COSTS. THIS REIMBURSEMENT IS GROSSED UP TO COVER THE APPLICABLE TAXES AND REPORTED AS COMPENSATION ON THE PRESIDENT'S W-2 AND ON FORM 990. Line 1a health or social club dues AND initiation fees THE BOARD OF TRUSTEES REQUIRES THE UNIVERSITY TO MAINTAIN FOR THE PRESIDENT A MEMBERSHIP WITH A LOCAL GOLF CLUB SOLELY TO BE USED FOR UNIVERSITY FUNDRAISING, FRIEND RAISING AND OTHER UNIVERSITY BUSINESS. THE PRESIDENT MAY NOT USE THIS MEMBERSHIP FOR PERSONAL USE. THIS MEMBERSHIP IS INCLUDED AS NON-TAXABLE COMPENSATION ON FORM 990. Line 1a Personal services THE PRESIDENT'S RESIDENCE MANAGER SPENDS A MAXIMUM OF ONE DAY PER WEEK ON PERSONAL MATTERS OF THE PRESIDENT FOR HIS APARTMENT WITHIN THE RESIDENCE. THE VALUE OF THIS SERVICE IS INCLUDED AS COMPENSATION ON THE PRESIDENT'S W2 AND ON FORM 990. Line 7 Non-Fixed Payments Members of the President's Cabinet receive bonuses at the discretion of the President. 15000 TUITION DISC William E Fitzgerald PE Family member of Officer 235025 Engineering Services false Brott Realty part-owner is a trustee 1195117 Leasing of Student Housing false Oceanfirst Bank Officer is a trustee 2660074 Loan Payments false Diane Fitzgerald Family member of officer 43970 Employee Compensation false James Gaul Family member of officer 81349 Employee Compensation false carol mcarthur-amedeo Family member of trustee 52958 employee compensation false SUPPLEMENTAL INFORMATION ALL TRANSACTIONS DISCLOSED ON SCHEDULE L ARE MADE AT ARMS-LENGTH TERMS AND NONE ARE INFLUENCED BY THE RELATIONSHIPS THAT EXIST WITH THE INTERESTED PERSONS. X 9 299200 expert X 25 381752 FMV ON DATE OF GIFT X 1 3000 expert X software 2 144000 SALE OF SIMILAR ITEM X auctions and prizes 326 0 N/A X UNIVERSITY EVENT FOOD 7 0 N/A X IT/MEDIA EQUIPMENT 3 0 N/A X SIGNAGE AND OTHER 8 0 N/A false true true Part I, Line 32 The University uses a stockbroker to sell gifts of securities. Part I, Line 33 The university only records revenue for non-cash contributions meeting the following criteria: 1) Items added to our equipment inventory with a value of $1,000 or more and have a useful life of one year or more, and 2) works of art of historical treasures added to our collection, and 3) securities. Some of the items reported on line 25 met these criteria (see attachment 1). Part VI, Section A, Line 1a There are three classes of trustees who serve on the Board of Trustees: regular trustees, life trustees and trustees emeriti. Life trustees are eligible to be elected after distinctive service on the Board for two full terms as a regular trustee. Trustees emeriti are eligible to be elected after distinctive service for at least fives years as a life trustee. Trustee emeriti may vote at committee meetings but not at full board meetings. There are five members of the Board of Trustees who are trustee emeriti. The Board of Trustees has an Executive Committee that is authorized to act on behalf of the full Board of Trustees. The Executive Committee is composed of the four officers of the Board (Chair, Vice Chair, Treasurer and Secretary), the Chairs of all standing committees, two at-large members of the Board appointed by the Chair and the President of the University. All members of the Executive Committee are members of the Board of Trustees. The Executive Committee may take any action that the full Board of Trustees is authorized to take with certain exceptions. The Executive Committee may not: take any action inconsistent with a prior act of the full Board of Trustees, award degrees (other than honorary degrees), select or appoint trustees or officers, change the University's mission or purpose, sell the University's assets, adopt the annual budget, alter bylaws, remove or appoint the President or take any action specifically reserved to the full Board of Trustees. The Executive Committee also has authority to purchase, manage and sell land, buildings and capital equipment costing between $250,000 and $500,000. The Executive Committee may also take any action delegated to it by the full Board of Trustees. Part VI, Section B, Line 11b The Board of Trustees has designated the Audit Committee to be responsible for the review of Form 990 prior to submission to the Internal Revenue Service. This responsibility is included in the Audit Committee's Charter. A final draft of the Form 990 is presented to the Audit Committee at a regular meeting for their review and comment. Modifications resulting from the review, if any, are made before filing the form. In addition, an email is sent out to each member of the Board letting them know the draft is available for review and to allow them an opportunity to comment on it. All board members receive a copy of the final version of the Form 990 prior to filing. Part VI, Section B, Line 12C The Board of Trustees has a Code of Ethics, as well as a provision in its bylaws, which deals with conflicts of interest. Also, members of the Board and the President's Cabinet Officers complete an annual disclosure statement setting forth their business and other interests. Review of situations to determine a conflict are carried out by the University's Vice President and General Counsel and if necessary the Board's Executive Committee. Board members found to have a conflict on a particular item recuse themselves from participating and voting in connection with that item. Such recusals are placed on the record. Part VI, Section B, Line 15a The process for determining compensation for the President of the University is set forth in the University's Executive Compensation Policy. Pursuant to that policy, the Board's Compensation Committee (all of whom are independent) and the Vice President and General Counsel review comparable compensation data provided by an independent outside consultant and make compensation recommendations to the full Board of Trustees as to the compensation for the President of the University. Minutes of both the Compensation Committee and the Board of Trustees meetings concerning such actions are reviewed and approved by both bodies. The President's compensation was last set by this process in June 2012. Part VI, Section B, Line 15b The process for determining compensation for the President's Cabinet Officers is set forth in the University's Executive Compensation Policy. Compensation determinations for Officers are determined by the President of the University after review of comparable compensation data provided by an independent outside consultant. Those compensation decisions are reported by the President to the Compensation Committee. Part VI, Section C, Line 19 Monmouth University does not currently make its governing documents available to the general public. Both the University's conflict of interest policy and financial statements are available on the University's web page. Part XI, Line 5 Reconciliation of net Assets - other Net unrealized loss on investments ($4,754,299)