2011-05-13T11:09:54-07:00 2010-06-30 990 2009-07-01 720423889 THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND ADMI 5048628000 6823 St Charles Avenue New Orleans LA 70118 Doug Harrell 5048655352 2011-05-13 2009 2016-02-24 21:20:13Z TULANE UNIVERSITY SCOTT COWEN 6823 ST CHARLES AVENUE NEW ORLEANS LA 70118 1244436000 0 X www.tulane.edu X 1951 LA Higher Education, Research, Public Service 36 35 10100 41 3942000 781000 202950000 218642000 511402000 565466000 -25821000 35210000 48498000 18023000 737029000 837341000 124672000 136514000 0 0 379244000 395251000 0 0 11411000 280835000 309741000 784751000 841506000 -47722000 -4165000 1738594000 1805200000 641640000 660182000 1096954000 1145018000 Higher Education, Research and Public Service 0 0 515606000 133924000 631597000 Higher Education: Operation of a Private University: This category includes expenditures for all activities that are part of the institutions instruction program. Expenditures for credit and non-credit courses, for academic, occupational, and vocational instruction and for regular, special and extended sessions are included. The instruction program encompasses approximately 12,000 students participating in undergraduate, graduate and professional degree programs in the fields of liberal arts, science and engineering, architecture, business, law, social work, medicine, and public health and tropical medicine. Also included in this category are all forms of student aid and expenditures for the education and support of students. (11,911 students) 12971000 0 9200000 Higher Education: Public Service: This category includes all expenditures for the public service component of the academic mission of the university. Public service is a core requirement of the undergraduate curriculum. Note that some of the sponsored activities included in the Organized Research achievement could also be described as Public Service. These include the operation of medical and law clinics that serve the underprivileged, and certain development work done overseas. (11,911 students). 122564000 2590000 137463000 Higher Education: Organized Research: This category includes all expenditures for all activities that are part of the university's research program, which includes activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. Subject to these conditions, it includes expenditures for individual and/or project research as well as those of institutes and research centers. (over 1,000 Federal and State awards) 90106000 0 59081000 Higher Education: Auxiliary Enterprises: This category includes services that support educational activities and athletic expenditures. Services include bookstore, student housing, vending and food administration and campus recreation. (11,911 Students) 90106000 0 59081000 741247000 1 1 0 1 0 0 1 0 1 1 1 0 1 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1394 0 1 10100 1 1 1 1 FR IT RW UK SP 0 0 0 1 1 0 0 0 1 1 36 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 1 1 AK AZ CO DC MD ME MI NH WA X Doug Harrell 5048655352 7029 C Freret St New Orleans LA 70118 Dr Scott Cowen 40 X X 722000 0 188000 Mr James M Lapeyre Jr 0 X 0 0 0 Mrs Carol L Bernick 0 X 0 0 0 Ms Jeanne C Olivier 0 X 0 0 0 Mr James J Reiss Jr 0 X 0 0 0 The Honorable Michael G Bagneris 0 X 0 0 0 Mr Philip Greer 0 X 0 0 0 Mr Wayne J Lee 0 X 0 0 0 Mr Robert M Devlin 0 X 0 0 0 Mr Richard K Schmidt 0 X 0 0 0 Mr Christopher M James 0 X 0 0 0 Mr John David Barksdale 1 X 0 0 0 Mrs Sherry M Leventhal 0 X 0 0 0 Mrs Celia S Weatherhead 0 X 0 0 0 Mr Lawrence M Schloss 0 X 0 0 0 Dr Linda S Wilson 0 X 0 0 0 Mrs Martha W Barnett 0 X 0 0 0 Dr Wilmer R Bottoms 0 X 0 0 0 Dr Philip J Fagan Jr 0 X 0 0 0 Dr Alison Stone 0 X 0 0 0 Mr Matthew B Gorson 0 X 0 0 0 Dr Elias S Hanna 0 X 0 0 0 Mr Douglas J Hertz 0 X 0 0 0 Mr Walter S Isaacson 0 X 0 0 0 Mr Rick S Rees 0 X 0 0 0 Ms Kim Boyle 0 X 0 0 0 Dr Michael A Friedman 0 X 0 0 0 Mrs Elizabeth S Nalty 0 X 0 0 0 Mr Darryl D Berger 0 X 0 0 0 Mr E Richard Yulman 0 X 0 0 0 David C Friezo 0 X 0 0 0 Mr Andrew B Wisdom 0 X 0 0 0 Mrs Jill H Glazer 0 X 0 0 0 W Thomas Hopkins 0 X 0 0 0 Richard M Bracken Sr 1 X 0 0 0 R Hunter Pierson Jr 1 X 0 0 0 Mrs Yvette Jones 40 X 477000 0 29000 Michael Bernstein 40 X 415000 0 58000 Mr Anthony Lorino 40 X 341000 0 27000 Benjamin Sachs MD 40 X 841000 0 20000 Jeremy Crigler 40 X 654000 0 4000 Victoria Johnson 40 X 327000 0 29000 Anne Banos 40 X 236000 0 24000 Frank Harrell 40 X 181000 0 61000 Charles McMahon 40 X 259000 0 4000 Earl Retif 40 X 166000 0 21000 Thomas Yeh 40 X 764000 0 10000 John W Thompson 40 X 667000 0 29000 Felix H Savoie III 40 X 797000 0 15000 Michael R Recto 40 X 649000 0 5000 Dr Raju Thomas 40 X 645000 0 70000 Paul Barron 40 X 256000 0 30000 8397000 0 624000 605 1 1 1 Exeter Group Inc PO Box 526 East Setauket NY 11733 Consulting 5169000 Gilbane Building Company 1131 Lamar Ste 1170 Houston TX 77010 General Construction 4377000 Unicco Service Company 275 Grove Street Suite 3-200 Auburndale MA 02466 Facilities Services 4133000 Shebelle Ethiopia Conference Services PO Box 25887 1000 Addis Ababa ET ET Training and Conference Organization 3583000 Carl E Woodward PO BOX 13547 New Orleans LA 70185 General Construction 3144000 150 0 0 202000 0 144463000 73977000 6801000 218642000 Tuition and Fees 611310 361142000 361142000 0 0 Medical Group Practice 621110 76172000 76172000 0 0 Affiliated Hospital Agreements 622000 48482000 48482000 0 0 Auxiliary Enterprises 713900 59081000 57371000 1710000 0 20589000 18625000 1964000 0 565466000 13916000 0 -176000 14092000 0 0 0 0 3465000 0 0 3465000 846000 0 390000 0 456000 0 456000 407000 7000 42000 427829000 0 406535000 0 21294000 0 21294000 0 0 21294000 148000 202000 170000 -22000 -22000 0 0 Disaster Recoveries 900099 13687000 13687000 0 0 Child Care 624410 390000 0 390000 0 Alumni Life Insurance 812900 47000 0 47000 0 0 0 0 0 14124000 837341000 575864000 3942000 38893000 0 133924000 133924000 2590000 2590000 0 0 4620000 491000 3171000 958000 0 0 0 0 326548000 289896000 32176000 4476000 16496000 14529000 1704000 263000 27456000 20355000 6664000 437000 20131000 17731000 2079000 321000 0 0 0 0 4555000 3135000 1321000 99000 242000 7000 235000 0 532000 532000 0 0 0 0 8882000 8882000 0 0 33042000 26357000 5665000 1020000 4838000 3760000 828000 250000 9118000 4694000 3612000 812000 11696000 7301000 4126000 269000 3770000 3671000 99000 0 34639000 31662000 2977000 0 13845000 11658000 1477000 710000 0 0 0 0 12056000 9780000 1309000 967000 16090000 13934000 2156000 0 0 0 0 0 43803000 39218000 4485000 100000 11440000 4319000 7109000 12000 Supplies 9486000 8390000 883000 213000 Equipment Rental and Maintenance 17451000 16255000 869000 327000 Laboratory Expenses 25514000 25328000 186000 0 Disaster Costs 4239000 0 4239000 0 Library Expenses 6093000 5838000 255000 0 38410000 37010000 1223000 177000 841506000 741247000 88848000 11411000 36682000 17349000 0 0 114919000 90894000 39173000 42726000 0 0 0 0 41191000 42085000 224000 132000 16824000 21944000 1096799000 431383000 641532000 665416000 674016000 740892000 85668000 96220000 66175000 69914000 22190000 17628000 1738594000 1805200000 94313000 100520000 56678000 35225000 288230000 300081000 0 1125000 1055000 143767000 152314000 57527000 70987000 641640000 660182000 X 547630000 235152000 75650000 421643000 473674000 488223000 1096954000 1145018000 1738594000 1805200000 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 80 1 200 0 1 531720 0 0 532000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Lobbying efforts at Tulane University involve primarily issues related to support of university-based teaching, research and public service activities, educational support, students and student loans, nonprofit organizations, and compliance and accounting issues affecting institutions of higher learning. In fiscal year 2010, the University sought to increase federal, state and local funding applicable to university based research and training in the areas of basic science, environmental research and education, biomedical research, clinical studies, public health, community service and technology transfer. More generally, the University lobbies on issues of science and education policy when it directly impacts institutions of higher education. 351000 2376000 0 0 X X X 0 815473000 25693000 68156000 11593000 24681000 0 873048000 1039243000 8768000 -195092000 12021000 25425000 0 815473000 0.45 0.55 0 0 0 22369000 0 22369000 728867000 0 277397000 451470000 0 0 0 0 300317000 0 153986000 146331000 45246000 0 0 45246000 665416000 96220000 F 96220000 Investments - Short Term Money Funds 20069000 F Investments - University Health Care 18034000 F Investments - Self Insurance Funds 12487000 F Investments - Real Estate 19324000 C 69914000 Investments - Real Estate 13729000 Investments - Other 3899000 17628000 Federal Student Loan Funds 39391000 Refundable Deposits and Other Liabilities 14697000 Bond Premium 8631000 Interest Rate Swap Liability 8268000 70987000 837341000 841506000 -4165000 62561000 0 0 0 -10332000 52229000 48064000 738005000 0 0 0 0 0 738005000 8882000 90454000 99336000 837341000 727198000 0 0 0 -13687000 -13687000 740885000 8882000 91739000 100621000 841506000 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Certain works of art and historical treasures have been recognized at their estimated fair value based upon appraisals or similar valuations at the time of acquisition. Works of art and historical treasures are not depreciated. SchD_P05_S00_L04 Schedule D, Part V, Line 4 A portion of the annual earnings from endowment funds are used to fund student scholarships, academic and instruction programs, and operations. SchD_P10_S00_L00 Schedule D, Part X There is no footnote regarding FIN 48 in the audited financial statements. The University estimates the amount of its potential FIN 48 liability and accrues that amount each year. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Net Unrealized Losses on Interest Rate Swaps -10,332,000 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Accumulated Gains used for Operations - (36,266,000) Realized Gains 21,294,000 Disaster Expense Recoveries 13,687,000 Institutional Scholarships and Fellowships 120,087,000 Indirect Cost Recoveries (28,348,000) SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Disaster Recoveries Reclassed to Revenues (13,687,000) SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Institutional Scholarships and Fellowships 120,087,000 Recovery of Indirect Costs (28,348,000) 1 1 0 The University customarily draws a substantial percentage of its students nationwide and follows a racially nondiscriminatory policy as to students. As such, the publicity requirement is satisfied in accordance with Rev. Proc 75-50 by inclusion of a statement of the University's racially nondiscriminatory policy as to students in its brochures dealing with admissions, programs and scholarships. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Financial aid from State and Federal sources include: Federal Perkins Loan, Federal Work Study, Federal Supplemental Education Opportunity Grants, Federal Pell Grants, and State Supplemental Incentive Grants. 1 Central America and the Caribbean 0 0 Program Services Investments 0 Europe (including Iceland and Greenland) 0 0 Program Services Investments 0 Central America and the Caribbean 0 0 Program Services Grant Administration/Educational 608000 East Asia and the Pacific 0 0 Program Services Grant Administration/Educational 263000 Europe (including Iceland and Greenland) 0 0 Program Services Educational 1837000 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Educational 852000 South America 0 0 Program Services Grant Administration/Educational 2622000 Sub-Saharan Africa 2 3 Program Services Grant Administration 10669000 2 3 16851000 Central America and the Caribbean Sub-award 24470 A/P DISBURSEMENT 0 N/A N/A Central America and the Caribbean Sub-award 16000 A/P DISBURSEMENT 0 N/A N/A Central America and the Caribbean Sub-award 9113 A/P DISBURSEMENT 0 N/A N/A Central America and the Caribbean Sub-award 5887 A/P DISBURSEMENT 0 N/A N/A Central America and the Caribbean Sub-award 33875 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 114242 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 57121 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 38348 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 30776 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 150162 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 75081 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 76800 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 140000 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 6900 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 17131 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 17371 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 19508 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 15158 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 19302 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 67147 A/P DISBURSEMENT 0 N/A N/A East Asia and the Pacific Sub-award 17605 A/P DISBURSEMENT 0 N/A N/A South America Sub-award 21821 A/P DISBURSEMENT 0 N/A N/A South America Sub-award 15543 A/P DISBURSEMENT 0 N/A N/A South America Sub-award 45000 A/P DISBURSEMENT 0 N/A N/A South America Sub-award 57988 A/P DISBURSEMENT 0 N/A N/A South Asia Sub-award 61262 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 73802 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 59041 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 56089 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 20751 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 22129 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 9180 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 17229 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 28834 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 42445 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 56461 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 148686 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 6920 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 145409 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 200000 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 200000 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 26186 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 10000 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 7040 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 7040 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 42662 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 96958 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 42338 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 39942 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 15000 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 46834 A/P DISBURSEMENT 0 N/A N/A Sub-Saharan Africa Sub-award 7806 A/P DISBURSEMENT 0 N/A N/A 0 25 Hulabaloo 163000 70000 93000 0 0 0 6000 0 20000 Beads on Broadway 187000 132000 55000 0 0 13000 60000 36000 35000 0 350000 202000 148000 0 0 13000 66000 36000 55000 170000 -22000 1 1 X 1 X 1 X 1 1 0 0 236000 595000 -359000 0 13803000 11123000 2680000 0.0033 0 0 14039000 11718000 2321000 0.0033 2507000 2236000 271000 0.0003 9000 9000 0.00001 0 0 2516000 2236000 280000 0.00031 0 0 16555000 13954000 2601000 0.00361 1 1200000 40000 11500000 10000000 1500000 X 1 1 University Healthcare System LC Operation of a hospital facility 0.1725 0 0 TULANE UNIVERSITY HOSPITAL AND CLINIC

1415 TULANE AVENUE NEW ORLEANS LA 70112

X X X X Asset test Part 1, Line 7a - Cost for charity care was derived using a cost-to-charge ratio from Schedule H, Worksheet 2 applied in Worksheet 1. Patient revenue is based on GAAP and bad debt is not included in this calculation. No extraordinary items are included in this calculation. Part 1, Line 7b - Unreimbursed Medicaid Costs was derived using a cost to charge ratio from Schedule H, Worksheet 2 applied in Worksheet 3. Patient revenue is based on GAAP and bad debt is not included in this calculation . No extraordinary items are included in this calculation. These amounts are based on the ownership percentage of the University in the joint venture. 24,000,000 Collection of outstanding receivables from third-party payors (Medicare, managed care payers, etc.) is the Hospitals primary source of cash and is critical to the ability to fund operations. The primary collection risks relate to uninsured patient accounts, including patient accounts for which the primary insurance carrier has paid the amounts covered by the applicable agreement, but patient responsibility amounts (deductibles and copayments) remain outstanding. The provision for doubtful accounts and the allowance for doubtful accounts relate primarily to amounts due directly from patients. An estimated allowance for doubtful accounts is recorded for all uninsured accounts, regardless of the aging of those accounts. Accounts are written off when all reasonable internal and external collections efforts have been performed. Even though the amount reported for Medicare activity in Section B reflects a surplus for the year, it should be noted that the amount of patient care costs do not include Medicare non-allowable expenses. The amounts reported on Part III, lines 5-7, have been determined based on the the individual cost report for the facility. These amounts are shown at the University's percentage of ownership in the joint venture. The collection policies of the joint venture include a review of all accounts against certain standard collection criteria. Upon completion of internal collection efforts accounts determined to possess positive collectibility attributes are forwarded to a secondary external collections agency and the other accounts are written off. The accounts that are not collected by the secondary external collection agency are written off when they are returned by the collection agency (usually within 12 months). Writeoffs are based upon specific identification and the writeoff process requires a writeoff adjustment entry to the patient accounting system. Collection of amounts related to patients that meet our guidelines to qualify as charity care are not pursued. The methodology to determine the bad debt expense reported as cost on Part III, Line 2 is to take the ratio of patient care costs to gross patient charges and mutiply this resulting ratio by the gross charges for bad debt accounts. These amounts reflect the University's percentage of ownership in the joint venture. The Hospital, in collaboration with HCA corporate staff, regularly reviews population demographics by zip code, and physician and service access by specialty. National ratios of physician/service needs by population volume and age group are used to determine underserved areas. A recent example of action taken was the opening of a primary care clinic in New Orleans East to meet the service needs of this population which has been rebuilding since evacuation post Hurricane Katrina. The Hospital advises prospective patients during the registration process as to potential eligibility for participation in the Medicaid program. Those for whom participation seems possible are referred to a contractor, RCA, to complete the appropriate applications and procedures. The Hospital has an "uncompensated care" policy and is communicated to patients and interested persons as follows: General Communication with the Public - As part of the effort to notify the public concerning uncompensated services provided, TUHC will publish, in a generally circulated local newspaper, a notice describing TUHC's uncompensated care policy. The notice will outline the level of uncompensated services to be provided and the services which are considered eligible under the uncompensated care policy. This notice will invite public comment from interested parties. This notice will be published prior to modification of the policy and termination of the policy. Communication of the Policy to Individuals Seeking Services at TUHC - TUHC will provide a descriptive notice of the uncompensated care policy to any individual inquiring about the provision of uncompensated services. The notice will include information relative to the uncompensated services provided, eligibility requirements, and the determination process. The notice will identify a location within the hospital at which additional information can be requested. The notice will be provided at all times that uncompensated services are available. Notices highlighting the provision of uncompensated care will be posted prominently in the admissions area, the business office, and the emergency room. These notices will be provided in English and Spanish. The hospital will make a reasonable effort to communicate the meaning of the notices to individuals who may not be able to read or understand them. In the event that uncompensated care services are not being provided due to exceeding uncompensated care thresholds, all notification and signage related to the provision of uncompensated care will be removed until such time as uncompensated care services are once again provided. Tulane services the local community through downtown and suburban clinics (Metairie, New Orleans East). Clinic visits totaled 190,291 for 2010. Fifty four percent of all admissions originated from the Emergency Department which evidences access for all groups within the community (especially the downtown area). Tulane runs a children's hospital within a hospital as well as a pediatric emergency department (one of two in the city) to accomodate the needs of the community's children. The hospital also has a contract with the Veteran's Administration to provide a variety of inpatient and outpatient services. The socio-economic breadth of service is reflected in the Hospital's payor mix as a percentage of gross revenue: Medicaid 26.3 %, Medicare 22.2 %, HMO/PPO 32.2 %, Self-Pay/Charity 4.0 %, Other 15.3 % of which 10.5 % is VA. Tulane University Hospital and Clinic works in partnership with the Tulane University School of Medicine. The School's faculty staffs and supports a number of community services. Examples of these ongoing services are: Fleur de Vie Student Clniic (indigent care); a Community Health Center servicing indigent clients in a patient focused, medical home model; 1 pediatric drop in clinic; 2 school based clinics; 2 pediatric mobile clinics; 1 adult mobile clinic; a Ryan White HIV clinic; and physician coverage to local, inner city public high schools' sporting events. 1 Financial Aid, Scholarships and Fellowships 7480 13837000 120087000 Cost Institutional Scholarships and Fellowships SchI_P01_S00_L02 Schedule I, Part I, Line 2 All expenditures of Scholarships and Financial Aid grant funds are approved and monitored by the Financial Aid department for each student receiving funds. X X 1 1 X X X X X 0 0 0 1 0 0 0 1 0 Dr Scott Cowen 598000 0 0 0 124000 0 25000 0 163000 0 910000 0 863000 0 Mrs Yvette Jones 418000 0 0 0 59000 0 25000 0 4000 0 506000 0 632000 0 Michael Bernstein 352000 0 0 0 63000 0 17000 0 41000 0 473000 0 453000 0 Mr Anthony Lorino 316000 0 10000 0 14000 0 23000 0 4000 0 367000 0 365000 0 Benjamin Sachs MD 740000 0 0 0 102000 0 13000 0 7000 0 862000 0 856000 0 Jeremy Crigler 356000 0 210000 0 88000 0 0 0 4000 0 658000 0 605000 0 Victoria Johnson 297000 0 20000 0 10000 0 25000 0 4000 0 356000 0 334000 0 Anne Banos 219000 0 0 0 17000 0 24000 0 0 0 260000 0 244000 0 Frank Harrell 162000 0 0 0 19000 0 20000 0 41000 0 242000 0 234000 0 Earl Retif 163000 0 0 0 3000 0 17000 0 4000 0 187000 0 177000 0 Thomas Yeh 136000 0 595000 0 33000 0 6000 0 4000 0 774000 0 778000 0 John W Thompson 139000 0 489000 0 39000 0 18000 0 11000 0 696000 0 666000 0 Felix H Savoie III 64000 0 698000 0 34000 0 8000 0 7000 0 811000 0 0 0 Michael R Recto 169000 0 450000 0 31000 0 0 0 5000 0 655000 0 0 0 Charles McMahon 235000 0 0 0 24000 0 0 0 4000 0 263000 0 0 0 Dr Raju Thomas 179000 0 422000 0 44000 0 23000 0 47000 0 715000 0 0 0 Paul Barron 241000 0 0 0 15000 0 26000 0 4000 0 286000 0 295000 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a University policy permits salary supplements to be paid during the first two years of employment to newly hired employees who were participants in a retirement plan immediately prior to accepting employment with the University. The salary supplement was provided with a gross up for taxes. As a condition of employment, the President is required to live in a University-owned house. The fair market value of the use of the residence is $ 159,000. SchJ_P01_S00_L05 Schedule J, Part I, Line 5 The Physicians listed on Schedule J are part of the Tulane University Medical Group Faculty Practice Plan which has a fixed formula plan for incentive compensation based primarily on clinical revenues. The Chief Investment Officer has a plan for incentive compensation based on endowment investment return. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 Several of the Senior Officers listed on Schedule J received non-fixed payments based on merit and performance during the calendar year. LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398SJ8 2007-05-31 192565000 ADVANCE REFUNDING 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398ST6 2007-05-31 62180000 ADVANCE REFUNDING 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398WN4 2007-05-31 33485000 ADVANCE REFUNDING 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 2009-12-09 30000000 DORMITORY FINANCING 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 2010-03-25 30000000 MEDICAL SCHOOL CAMPUS INFRASTRUCTURE IMPROVEMENTS AND UPTOWN ACADEMIC BUILDING 0 0 201967000 0 197486000 0 4481000 0 0 2008 0 1 1 1 62180000 0 61167004 0 1012996 0 0 2006 0 1 1 1 33485000 0 32668382 0 816618 0 0 1998 0 1 1 1 2997000 66000 0 0 199000 0 2931000 2011 0 0 0 1 8854000 676000 0 0 192000 0 8178000 2011 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 MORGAN KEEGAN FINANCIAL PRODUCTS INC 8 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 Mrs Marjorie Cowen Scott Cowen is President of Tulane University and a voting member of the Tulane Board of Trustees 105000 Compensation as Senior Advisor, Institutional Advancement 0 Shannon Jones Daughter of Yvette Jones and Jacob Jones III, Vice President for External Affairs and Asst Vice-Pres 93000 Compensation as Executive Director, Cowen Institute 0 Stephanie Barksdale Spouse of Board Member John David Barksdale 31000 Compensation as Manager of Social Entrepeneurship 0 Jacob Jones III Spouse of Yvette Jones 216000 Compensation as Senior Associate Vice President of Capital Projects and Real Estate 0 X 5 195000 FMV X 5000 FMV X 112 6449000 FMV X 2 97000 FMV X 1 55000 FMV 5 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Securities donations are sold via arrangement with a selected list of brokerage accounts. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 Form 990 was completed by University staff and forwarded to the Audit Committee of the Board of Trustees of Tulane University. All sections of the 990, except for Schedule B Contributions are reviewed by the Audit Committee, thus the University is required to answer this question "no". The Audit Committee met and reviewed all parts of the form, except Schedule B, prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University's Administration annually sends out and receives conflict of interest disclosure forms from University staff and faculty members. Also on an annual basis the members of the Board of Trustees of Tulane University complete a conflict of interest questionairre with annual disclosures reviewed by the Audit Committee of the Board of Trustees. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President and the Personnel Committee of the Board of Trustees perform annual evaluations of senior officers and other top management officials, and the Personnel Committee conducts an annual evaluation of the President. The listed positions included in this evaluation process are the Executive VP for University Relations and Development, the Senior VP for Operations and Chief Financial Officer, the Senior VP for Academic Affairs and Provost, the Senior VP and Dean of Medicine, the Chief Investment Officer, the Vice President for Administrative Services, the Vice President for Technology and Chief Information Officer, and the General Counsel. With respect to the senior officers, the President meets with each senior officer mid year and end of year. They discuss the officers duties and responsibiities, goals/objectives, results achieved and overall performance. The President presents his evaluation of each senior officer to the Personnel Committee. The Committee evaluates the senior officers credentials/qualifications, job performance, duties/responsibilities and contribution to the university. The Committee also assesses the appropriateness of the compensation and reviews independent data as outlined in the university policy covering this process. This data may include (i) compensation paid for comparable positions by similarly situated nonprofit and for profit entities, (ii) availability of individuals possessing similar expertise or specialities in the geographic area, (iii) independent compensation surveys by nationally recognized independent firms; and (iv) written offers that the individual may have received from other institutions competing for his or her services. For the Vice President of Finance, Controller and the Vice President for Enrollment Management initial compensation is determined by the Office of Workforce Management using independent market studies and other factors similar to those employed by the Personnel Committee. On an annual basis their performace is reviewed by their immediate supervisor and any compensation increase is awarded based on merit and performance. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The University makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The financial statements and conflict of interest policy are also available on the University's website. Financial statements and other bond compliance information are also available at the Municipal Securities Rulemaking Board reporting website (www.emma.msrb.org). 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