2012-05-16T09:20:23-04:00 2011-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2010-07-01 060761704 University of New Haven UNIV 2039327000 300 Boston Post Road West Haven CT 06516 GEORGE S SYNODI 2012-05-11 true KPMG 8605223200 2010 2016-02-24 21:20:13Z Steven Kaplan 300 Boston Post Road West Haven CT 06516 200940316 false X www.newhaven.edu X 1920 CT To prepare our students to lead purposeful and fulfilling lives in a global society by providing the highest-quality education through experiential, collaborative, and discovery-based learning. 25 25 2559 163 0 0 7817086 10418889 161714462 171995932 651104 1399590 2285590 3269505 172468242 187083916 48208989 52677408 0 0 62286354 65289507 29155 92796 1902831 55542501 52983562 166066999 171043273 6401243 16040643 186205692 208667310 125115149 125888417 61090543 82778893 X THE UNIVERSITY OF NEW HAVEN IS A STUDENT-CENTERED COMPREHENSIVE UNIVERSITY WITH AN EMPHASIS ON EXCELLENCE IN LIBERAL ARTS AND PROFESSIONAL EDUCATION. OUR MISSION IS TO PREPARE OUR STUDENTS TO LEAD PURPOSEFUL AND FULFILLING LIVES IN A GLOBAL SOCIETY BY PROVIDING THE HIGHEST-QUALITY EDUCATION THROUGH EXPERIENTIAL, COLLABORATIVE, AND DISCOVERY-BASED LEARNING. false false 122057730 48931137 147310511 UNDERGRADUATE EDUCATION A PRIVATE UNIVERSITY, FOUNDED IN 1920, UNH HAS AN UNDERGRADUATE ENROLLMENT OF 4,203 STUDENTS WITH 65 PERCENT RESIDING ON ITS 82 ACRE MAIN CAMPUS. THE UNIVERSITY OFFERS MORE THAN 80 UNDERGRADUATE DEGREES THROUGH ITS FOUR COLLEGES, IN INNOVATIVE FIELDS SUCH AS SPORTS MANAGEMENT, NUTRITION AND DIETETICS, FORENSIC SCIENCE, MUSIC AND SOUND RECORDING, ENGINEERING, COMPUTER SCIENCE, FIRE SCIENCE AND CRIMINAL JUSTICE. UNH ALSO OFFERS ITS STUDENTS A STUDY ABROAD PROGRAM THROUGH A VARIETY OF UNIQUE OFFERINGS. 20848684 3746272 28071928 GRADUATE EDUCATION FOUNDED IN 1969, THE GRADUATE SCHOOL AT UNH IS ONE OF THE LARGEST IN CONNECTICUT, WITH AN ENROLLMENT OF 1,746 STUDENTS AND MORE THAN 30 GRADUATE DEGREE OFFERINGS. THE GRADUATE SCHOOL HELPS STUDENTS ACHIEVE A MORE MEANINGFUL CAREER, THE BENEFITS OF LIFELONG LEARNING AND A SENSE OF RESPONSIBILITY AS A CITIZEN OF THE WORLD. 142906414 true true false true false false true false true true false false false true true false true true false true false true true true false false false true true true false false false false false true true true false true true false false false false true true false false false true 275 0 true 2559 true false false false false false true true false false false false X 25 25 false false false false false false false true true false false true true true true true true true true false CT X X GEORGE SYNODI 2039327273 300 BOSTON POST ROAD WEST HAVEN CT 06516 X Samuel S Bergami Jr 1.0 X Mary J Barneby 1.0 X Philip H Bartels 1.0 X CECILIA K CARTER 1.0 X Gail L Brekke 1.0 X Kenneth W Biermacher 1.0 X William L Jr Bucknall 1.0 X Frank P Carrubba 1.0 X William J Chowanec 1.0 X K Oni Chukwu 1.0 X Ralph F Dellacamera Jr 1.0 X KEVEN A MYATT 1.0 X Rosa M Gatti 1.0 X Jeffery P Hazell 1.0 X Robert M Lee 1.0 X Thomas K Lewis Jr 1.0 X Raymond J Margiano PHD 1.0 X Ernest F Schaub 1.0 X DAVID J PETERSON 1.0 X Patricia B Sweet 1.0 X Stephen P Tagliatela 1.0 X Samuel E Thurston 1.0 X ALLISON K SCHIEFFELIN 1.0 X Douglas D Watts 1.0 X Roland Young 1.0 X Steven Kaplan 35.0 X 408601 188722 David P Dauwalder 35.0 X 242405 32116 George S Synodi 35.0 X 227207 29692 Richard Tuchman 35.0 X 209701 15095 Thomas Snider Jr 35.0 X 122433 6562 Caroline Koziatek 35.0 X 174174 27820 Julia Parker 35.0 X 41833 5031 James McCoy 35.0 X 232684 32504 Margaret Jablonski 35.0 X 101440 4536 THOMAS BEEBE 35.0 X 181134 26694 Richard Highfield 35.0 X 212643 29340 Mary L Mclaughlin 35.0 X 168627 10767 Barry Farbrother 35.0 X 202691 31090 Richard Ward 35.0 X 197952 31800 Ronald H Nowacyk 35.0 X 192328 33607 William Leete 35.0 X 155133 14490 Arthur D Goon 35.0 X 16114 2458 Henry Lee 35.0 X 180372 13491 Timothy R Stanton 35.0 X 157630 26968 Gail Tagliatela 35.0 X 172131 26633 Mario Gaboury 35.0 X 151088 32610 Kevin Phillips 35.0 X 209196 22092 James E Shapiro 35.0 X 10400 835 THOMAS JOHNSON 35.0 X 78784 4046701 644953 20 true true false SASAKI ASSOCIATES PO BOX 843026 BOSTON MA 02284 CONSTRUCTION DESIGN 563816 WIGGIN AND DANA LLP PO BOX 7247-7112 PHILADELPHIA PA 19170 ATTORNEY 419767 KPMG LLP ONE FINANCIAL PLAZA HARTFORD CT 06103 AUDIT 176130 SUN GUARD SCT 14083 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 SOFTWARE IMPLEMENT 983492 LAWNMASTER LLC 112 NUTMEG HILL ROAD HAMDEN CT 06514 LANDSCAPE 228718 5 177434 6399867 3841588 114115 10418889 TUITION 611710 143672387 143672387 RESIDENCE FEES 721310 19066615 19066615 DINING FEES 721310 9256930 9256930 171995932 541853 541853 3458 3458 0 14485178 13630899 854279 854279 854279 108499 177434 225501 -117002 -117002 0 0 SPECIAL PROGRAMS - CAMPS/STUDY ABROAD 900099 453390 453390 SPECIAL PROGRAMS - INTERNATIONAL PROGRAMS 900099 683739 683739 BOOKSTORE 900099 219111 219111 2030267 2030267 3386507 187083916 175382439 1282588 0 52475211 52475211 202197 202197 0 3459356 645186 2017656 796514 0 46364344 39290054 6740707 333583 3101588 2640027 434116 27445 8970260 7369651 1418979 181630 3393959 2749107 576973 67879 0 868589 225 862364 6000 131500 131500 84176 84176 92796 92796 192419 192419 4649352 2712739 1925948 10665 360800 337956 22344 500 0 0 0 0 1683654 1430664 216455 36535 0 0 4128867 3633403 412887 82577 0 7945879 6984985 802144 158750 1646046 1372147 250966 22933 STUDENT ACTIVITIES 8197299 8197299 RENTAL 4848369 3608938 1238614 817 INSTRUCTIONAL SUPPLIES 4330752 3507513 800187 23052 PURCHASED SERVICES 2726584 2134367 580347 11870 REPAIRS & MAINTENANCE 4595953 649370 3946376 207 6593323 2965375 3578870 49078 171043273 142906414 26234028 1902831 23899226 37592695 3281941 2869116 4452877 4740656 60000 60000 3307970 3153221 2639047 1851854 216231839 87463061 120316306 128768778 17911554 25408764 10336771 4222226 186205692 208667310 12421394 10582543 3453060 3453060 7741716 14097384 85550300 84321302 15948679 13434128 125115149 125888417 X 36916908 61082753 14760886 10672272 9412749 11023868 61090543 82778893 186205692 208667310 X 16040643 5647707 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 84176 false false 84176 false PART II-B THE UNIVERSITY OF NEW HAVEN USES THE SERVICES OF "THE NORMANDY GROUP." "THE NORMANDY GROUP" WILL WORK WITH THE UNIVERSITY TO ADVANCE ITS FEDERAL, LEGISLATIVE AGENDA AND OBTAIN FUNDING THROUGH THE VARIOUS FY11 APPROPRIATION BILLS. 40000 X X false 17555099 3908203 3786745 25250047 12286283 4311901 956915 17555099 14687762 -2401479 12286283 0.35000 0.65000 false false 0 5476654 5476654 0 143228137 43245911 100042226 0 3379863 2916791 463072 0 47144209 36830719 10313490 0 17002977 4469640 12533337 128828779 0 POST RETIREMENT OBLIGATION 2976617 INTEREST RATE SWAP 10457511 13434128 187083916 171043273 16040643 3089102 2558605 5647707 21688350 194450320 3089102 4510001 7599103 186851217 232699 232699 187083916 172761970 1951396 1951396 170810574 232699 232699 171043273 Schedule D The University of New Haven's collections include an oriental rug ($22,000) and a series of paintings ($18,000), which are on on display at various locations throughout the University, including the Seaton Art Gallery. They are used for research and preserved for future generations to admire. Additionally, the collections serve as inspiration to students studying foreign cultures and art. PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF 144 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE UNIVERSITY TO FUNCTION AS ENDOWMENTS (QUASI ENDOWMENT). THE UNIVERSITY MANAGES ITS LONG-TERM INVESTMENTS TO ENSURE THAT THE FUTURE GROWTH OF THE ENDOWMENTS ARE SUFFICIENT TO OFFSET NORMAL INFLATION PLUS REASONABLE SPENDING, THEREBY PRESERVING THE CONSTANT DOLLAR VALUE AND PURCHASING POWER OF THE ENDOWMENT FOR FUTURE GENERATIONS. THE UNIVERSITY'S ANNUAL SPENDING DISTRIBUTION IS DETERMINED BY APPLYING A SPENDING FORMULA OUTLINED IN THE ENDOWMENT SPENDING POLICY. THE ACTUAL ENDOWMENT FUND DISTRIBUTION SHALL BE AT AN ANNUAL RATE THAT IS THE LESSER OF: (1) FOUR AND ONE-HALF (4.5%) BASED UPON THE TWELVE QUARTER MOVING AVERAGE MARKET VALUE OF THE FUND'S VALUE AT THE BEGINNING OF EACH QUARTER WITH A ONE-QUARTER LAG, OR (2) THE ANNUAL YIELD (DIVIDIDENDS AND INTEREST) AS MEASURED BY THE PRECEDING FISCAL YEAR. THE UNIVERSITY'S ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. THE UNIVERSITY CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. PART X, LINE 2 FIN 48 (ASC 70) FOOTNOTE THE UNIVERSITY WAS GRANTED AN EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). UNDER IRC SECTION 501(A) THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. PART XII, LINE 2D OTHER REVENUE INCLUDED ON FORM 990 BUT NOT IN FINANCIAL STATEMENTS Fundraising Expense 225,501 Income of non-consolidated subsidiary 121,626 Interest rate swap agreement 4,162,874 _______ 4,510,001 PART XIII, LINE 2D OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON FORM 990 Interest Rate Swap Agreement 1,620,644 Fundraising Expense 225,501 Expenses of non-consolidated subsidiary 105,251 ______________ 1,951,396 OTHER CHANGES IN NET ASSETS OR FUND BALANCES PART XI, LINE 5 INTEREST RATE SWAP AGREEMENT 2,542,230 HENRY C. LEE NET CHANGE 16,375 ___________ 2,558,605 true true true true true true true false false false false false false false false true false true PART I, LINE 3 THE UNIVERSITY OF NEW HAVEN REFERENCES ITS NON-DISCRIMINATION POLICY IN ITS PUBLICATIONS INCLUDING COURSE CATALOGS, JOB APPLICATIONS AND STUDENT APPLICATIONS. PART I, LINE 6A THE UNIVERSITY OF NEW HAVEN RECEIVES FINANCIAL AID FUNDS FOR DISBURSEMENT TO STUDENTS. FEDERAL FUNDS INCLUDE SEOG, PELL, PERKINS AND FEDERAL WORK STUDY. STATE FUNDS INCLUDE CICS AND CAPITAL SCHOLARSHIP PROGRAMS. true East Asia and the Pacific Program Services Recruitment 380218 East Asia and the Pacific Program Services Study Abroad Program 39022 Europe (Including Iceland and Greenland) Program Services Recruitment 16103 Europe (Including Iceland and Greenland) Program Services Study Abroad Program 187539 Russia and the Newly Independent States Program Services Study Abroad Program 13004 Middle East and North Africa Program Services Recruitment 106674 Central America and the Caribbean Program Services Study Abroad Program 239 Middle East and North Africa Program Services Instruction 140000 North America Program Services Recruitment 2541 Europe (Including Iceland and Greenland) Grantmaking 168284 Middle East and North Africa Grantmaking 5000 Central America and the Caribbean Grantmaking 5795 East Asia and the Pacific Grantmaking 23118 Sub-Saharan Africa Program Services Recruitment 7623 1095160 1095160 UNIVERSITY SCHOLARSHIPS Europe/Iceland/Greenland 26 168284 CASH, CHECK UNIVERSITY SCHOLARSHIPS East Asia/Pacific 2 23118 CASH, CHECK UNIVERSITY SCHOLARSHIPS Middle East/North Africa 1 5000 CASH, CHECK UNIVERSITY SCHOLARSHIPS Cent. America/Caribbean 1 5795 CASH, CHECK false false false false false true Part IV The University of New Haven study abroad/study away programs are defined as quality academic opportunities that allow our students to develop knowledge, skills, abilities and intercultural understanding necessary for meaningful interaction with people from various cultures, leading to productive, successful contributions to the global community. Study abroad/study away is broadly understood to include opportunities which include a wide range of initiatives internationally and nationally. Students participate in study abroad/study away programs through faculty-led local, national, and international tracks, international internships, international service-learning, international short term or summer programs. The UNH programs move away from study abroad as an "academic tourism" experience, and to promote faculty involvement to create study abroad and study away experiences meaningful to our academic curriculum. Study abroad/study away programs will include structured learning off campus in areas related to student's academic goals. The acadmic component of a study abroad experience is as important as the experience itself. The university of new haven is committed to assisting students in financing their education. The university offers a comprehensive financial aid program, with the students receiving assistance in the form of grants, scholarships, student loans, and part-time employment. Funds are available fom federal and state governments, private sponsors, and from university resources. More than 80 percent of the university's full-time undergraduate students receive some form of financial assistance. Most financial aid awards are based on an individual's demonstration of need after careful consideration of the application for assistance. In calculating need, the financial aid office attempts to consider all aspects of a student's financial circumstances. Need-based awards are only available to U.S. citizens or eligible non-citizens. Some funds are available on a merit basis for students who have exceptional academic records or athletic ability. Students must be making satisfactory academic progress and be in good academic standing in order to be eligible to receive financial aid. Graduate students must successfully complete all the credits for which financial aid has been awarded, as indicated on the student's individual financial aid award letter. X X X X X X X true BENTZ WHALEY FLESSNER ASC CONSULTING false 92796 92796 SCHOLARSHIPBALL 207810 120011 87799 2405 76354 79196 GOLF TOURNAMENT 78123 57423 20700 13535 22089 31922 0 285933 177434 108499 15940 98443 111118 225501 -117002 true Federal 384 1660362 Private Aid 156 715433 State AId 673 2855130 Institutional Aid 3776 47244286 Part IV The University of New Haven is committed to assisting students in financing their education. The University offers a comprehensive financial aid program, with students receiving assistance in the form of grants, scholarships, student loans, and part-time employment. Funds are available from federal and state governments, private sponsors, and from university resources. More than 80 percent of the university's full-time undergraduate students receive some form of financial assistance. Most financial aid awards are based on an individual's demonstration of financial need after careful consideration of the application for assistance. In calculating need, the Financial Aid Office attempts to consider all aspects of a student's financial circumstances. Need based awards are only available to U.S. citizens or eligible non-citizens. Some funds are available on a merit basis for students who have exceptional academic records or athletic ability. Students must be making satisfactory academic progress and be in good academic standing in order to be eligible to receive financial aid. Graduate students must successfully complete all the credits for which financial aid has been awarded, as indicated on the student's individual financial aid award letter. X true true X X X X X true true false false false false false false false Steven Kaplan 352629 55972 175661 13061 597323 David P Dauwalder 237405 5000 31816 300 274521 George S Synodi 212207 15000 15589 14103 256899 Richard Tuchman 209701 14928 167 224796 Richard Highfield 212643 15638 13702 241983 Mary L Mclaughlin 151460 17167 9625 1142 179394 Barry Farbrother 202691 14972 16118 233781 Richard Ward 197952 14676 17124 229752 Ronald H Nowacyk 190328 2000 14372 19235 225935 Caroline Koziatek 174174 12972 14848 201994 Henry Lee 180372 12807 684 193863 Timothy R Stanton 157630 11736 15232 184598 Gail Tagliatela 151516 1625 18990 11306 15327 198764 William Leete 155133 11128 3362 169623 James E Shapiro 10400 735 100 11235 James McCoy 232684 16938 15566 265188 Mario Gaboury 151088 10349 22261 183698 Kevin Phillips 143696 65500 7593 14499 231288 THOMAS JOHNSON 78784 78784 THOMAS BEEBE 181134 13388 13306 207828 Part I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HOUSING ALLOWANCES ARE TYPICAL COMPENSATION FOR A UNIVERSITY PRESIDENT. THE AGREEMENT WAS APPROVED BY THE UNIVERSITY'S BOARD OF GOVERNORS. THE HOUSING ALLOWANCE PROVISION WAS CREATED BY FOLLOWING THE UNIVERSITY'S COMPENSATION POLICY. A FORMALIZED WRITTEN EMPLOYMENT CONTRACT, APPROVED BY THE CHAIRMAN OF THE BOARD OF GOVERNORS, WAS UTILIZED, AFTER COMPENSATION RESEARCH WAS CONDUCTED USING COMPENSATION SURVEYS AND REVIEWING FORM 990'S OF OTHER ORGANIZATIONS. THE UNIVERSITY OF NEW HAVEN BUSINESS OFFICE PROCESSED THE HOUSING ALLOWANCE PAYMENT AFTER SECURING THE APPROVED EMPLOYMENT CONTRACT FOR THE PRESIDENT. THE FAIR MARKET VALUE OF THE PRESIDENT'S HOUSING ALLOWANCE IS REFLECTED ON HIS W-2. PART I LINE 4A SEVERANCE PAYMENT The University of New Haven entered into a severence agreement with a former dean and his compensation is included on Schedule J. PART I, LINE 4B NON-QUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUAL PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F). THIS AMOUNT HAS BEEN REPORTED ON SCHEDULE J AS "DEFERRED COMPENSATION." STEVEN KAPLAN $133,500 STATE OF CONN HEALTH & EDUCAT FACILITIES AUTHORITY 060806186 20774U4U6 2005-08-17 27460000 DEFERRED MAINTENANCE AND RENOVATIO false false false STATE OF CONN HEALTH & EDUCAT FACILITIES AUTHORITY 060806186 20774U4V4 2008-07-02 46000000 CONSTRUCT AND EQUIP NEW FACILITY false false false STATE OF CONN HEALTH & EDUCAT FACILITIES AUTHORITY 060806186 20774U4W2 2006-08-29 15890000 CONSTRUCT AND EQUIP NEW FACILITY false false false 27460000 0 0 0 0 0 493608 0 0 11773846 15192546 0 2007 false true true true 46000000 0 0 0 0 0 669598 0 0 45330402 0 0 2010 false false false true 15890000 0 0 0 0 0 355800 0 50000 10838221 4645979 0 2008 false true true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true true true true WACHOVIA BANK NA 24. false false false false false false true true WACHOVIA BANK NA 25. false false false false false false true true WACHOVIA BANK NA 27. false false false false false JAMES S MCCOY EMPLOYEE RELOCATION X 60000 60000 false true true 60000 VARIOUS 6570 TUIT. REMISSION ACORN PROPERTY MANAGEMENT D. BECKERMAN,FORMER BOD 1212672 LEASE OF BUILDING false X 3 114115 FMV false true false Part I Column b THE AMOUNTS IN COLUMN B INDICATE THE NUMBER OF INDIVIDUAL CONTRIBUTORS OF OTHER TYPES OF CONTRIBUTIONS. PART I, LINE 31 GIFT ACCEPTANCE POLICY The University of New Haven has a written gift acceptance policy. Gifts shall be accepted by the University only after favorable evaluation, including compliance with the organization's tax status, by University personnel, in consultation with outside advisors and approved by the University's Board of Governors. Additional Information A leader in experiential education, founded in 1920, the University provides its students with a unique combination of solid liberal arts and real-world, hands-on professional training. The University of New Haven is a private university with an 82-acre main campus. The University has an enrollment of 5,949; including 1,746 graduate students and 4,203 undergraduates (70 percent of whom reside in University housing). The University offers more than 80 undergraduate degrees and more than 30 graduate degrees through its five colleges, in fields such as sports management, nutrition, forensic science, music and sound recording, engineering, computer science and criminal justice. University College at the University of New Haven develops programs and courses to meet the emerging educational and training needs of educators, businesses and public and social agencies, focusing on academic excellence, convenience and flexibility. University of New Haven students study abroad through a variety of distinctive programs. FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11a Responsibility for reviewing the Form 990 has been delegated from the Board of Governors to the Finance Committee. A draft copy of the Form 990 was made available to members of the Finance Committee via a secure web-link. Members of the Finance Committee are free to seek clarification on any items on the return from management. The final version of the Form 990 was made available to all board members via a secure web-link before the return was sent to the Internal Revenue Service. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C The University of New Haven's Board of Governors Conflict of Interest Policy was created to comply with the Connecticut Revised Non-stock Corporation Act. The policy identifies what constitutes a conflict of interest for a Board Member and what is required of a Board Member if a conflict were to arise. The underlying principles of the policy are aimed at insuring a full and timely disclosure made by a Board Member regarding any conflict of interest that may exist. Board Members with conflicts are not to be involved in any Board deliberations or vote on the matter. In addition, if the transaction is to be approved at the University Staff level, then, the Board Member shall have no involvement in the Staff decision making process. The procedures regarding the implementation of the conflicts policy contains three steps; submission of the Annual Confirmation Form, Reporting of subsequent conflicts of interest and the Secretary's role in reporting conflicts to the Ethics Subcommittee of the Board's Executive Committee. The scope of this policy covers current Board Members, Emeritus Board Members, Significant Donors, University officers, professors and other employees of the University. The policy is reviewed and monitored with the submission of the Annual Confirmation Form being submitted to Executive Assistant to the President. An additional confirmation is secured with a review of the Annual Confirmation Forms by the University Administration. COMPENSATION POLICY PART VI, SECTION B, LINES 15A & 15B There are two sequential steps taken each fiscal year at the University of New Haven with regard to the decisions made by the Board of Governors in connection with the compensation awarded to the top management officials at the University, viz., its senior officers consisting of: (i) the President; (ii) the Provost; and (iii) the Vice Presidents. The first step involves a special committee of the Board of Governors. Its Compensation Committee (the "Committeee"), which is comprised of four members: (i) the Board Chair and Vice Chair; and (ii) two other Board members. The members of the Committee are selected by the Board Chair; and the Committee has been authorized by the Board to act in its special capacity. The members of the Committee are independent persons with no conflicts of interest, and who thus are able to conduct the compensation review at "arms' length." With regard to the Universitys 7/1/10-6/30/11 fiscal year, the Committee conducted an in-depth review, and discussion, of four relevant matters. First, it reviewed the various elements of compensation for each senior officer, including base salary, bonus incentives, standard ERISA-qualified health and retirement plans, taxable allowances, and other benefits. Second, the Committee reviewed appropriate comparability data based on the geographic location, academic programs offered and the financial resources of the University. Third, the reasonableness of this data was substantiated with benchmarking each senior officers position with market norms. Fourth, and finally, the levels of responsibility and overall qualifications of each of the senior officers relative to market comparable positions, and also each senior officers job performance, were also reviewed. (As is prudent, the Committees deliberations and decisions were documented by concurrently prepared minutes by a Committee member who is a practicing Connecticut attorney.) The second and final step in the compensation approval process commenced with the Committees presentation of its report at a meeting of the Board with regard to (i) the data that the Committee reviewed; and (ii) its compensation recommendations to the Board. (In this context, all members of the Board are independent persons with no conflicts of interest, and who thus are able to conduct the compensation review at "arms' length.") The Board then discussed this data from the Committee and the Committees recommendations. Thereupon, a resolution was adopted by a majority of the Board in its approval of the particular compensation amounts to be awarded to each of the senior officers. (As is prudent, the Committees deliberations and decisions were documented by concurrently prepared minutes by a Board member who is a practicing Connecticut attorney.) COMPENSATION FOR KEY EMPLOYEES IS CALCULATED IN A SIMILAR FASHION AS PROVIDED ABOVE BUT DOES NOT REQUIRE BOARD REVIEW OR APPROVAL. PUBLIC DISCLOSURE POLICY PART VI, SECTION C, LINE 19 The University allows access to important documents of public interest through the University's web site. The University's tax return, Form 990 and audited financial statements are made available for public inspection. SCHEDULE K SCHEDULE K - ADVANCED REFUNDING OF THE PROCEEDS FROM THE SERIES E BONDS ISSUED ON AUGUST 17, 2005, $15,192,546 WAS AN ADVANCED REFUNDING OF THE SERIES D BONDS. OF THE PROCEEDS FROM THE SERIES G BONDS ISSUED ON AUGUST 29, 2006, $4,645,979 WAS AN ADVANCED REFUNDING OF THE SERIES F BONDS. HENRY C LEE INST OF FORENSIC SCIENCE 300 BOSTON POST ROAD WEST HAVEN CT 06516 061629144 EDUCATION CT 501 (C) (3) 11A NA UNIVERSITY OF NEW HAVEN DENTAL CENTER 300 BOSTON POST ROAD NEW HAVEN CT 06516 061629143 INACTIVE CORP CT 501 (C) (3) 11A NA THE HE & NHB TRUST PO BOX 187169 HAMDEN CT 06518 222958217 CHARITABLE TRUST CT NA TRUST 427882 1775457 1.00000 IED 2000 CRA TRUST SR STADLER TTEE PO BOX 704 NEW HAVEN CT 06503 066495661 CRA TRUST CT NA TRUST 230537 0.89000 false false false false false false false false false false false false true false false true false false