2026-02-23T13:51:57-06:00 2025-05-31 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2024-06-01 362170999 UNIVERSITY OF ST FRANCIS UNIV 8157403372 500 WILCOX STREET JOLIET IL 604356188 RYAN HENDRICKSON PRESIDENT 8157403372 2026-02-20 1 1 LARRY JOHNSON P00121206 6305668400 2026-02-17 2024 2025-03-06 01:10:19Z RYAN HENDRICKSON 500 WILCOX STREET JOLIET IL 604356188 96433777 0 0928 X WWW.STFRANCIS.EDU X 1920 IL HIGHER LEARNING INSTITUTION (POST SECONDARY EDUCATION) 25 25 989 257 0 0 4974638 5073832 59612155 58642176 2921310 2191222 301823 756246 67809926 66663476 22476408 24843459 0 0 28661227 28690760 104700 110700 718193 19055138 19830261 70297473 73475180 -2487547 -6811704 99048333 89902270 40130292 39216026 58918041 50686244 X AS A CATHOLIC UNIVERSITY ROOTED IN THE LIBERAL ARTS, WE ARE A WELCOMING COMMUNITY OF LEARNERS CHALLENGED BY FRANCISCAN VALUES AND CHARISM, ENGAGED IN A CONTINUOUS PURSUIT OF KNOWLEDGE, FAITH, WISDOM, AND JUSTICE, AND EVER MINDFUL OF A TRADITION THAT EMPHASIZES REVERENCE FOR CREATION, COMPASSION AND PEACEMAKING. WE STRIVE FOR ACADEMIC EXCELLENCE IN ALL PROGRAMS, PREPARING WOMEN AND MEN TO CONTRIBUTE TO THE WORLD THROUGH SERVICE AND LEADERSHIP. 0 0 40836707 24843459 54738235 INSTRUCTION AND FINANCIAL AIDTHE CATHOLIC, FRANCISCAN UNIVERSITY OFFERS 47 BACCALAUREATE PROGRAMS, INCLUDING 4 ADULT UNDERGRADUATE MAJORS, 15 MASTER'S LEVEL PROGRAMS (ONSITE AND ONLINE CLASSES), 8 SUB-BACCALAUREATE CERTIFICATE PROGRAMS, 12 POST BACCALAUREATE CERTIFICATE PROGRAMS, 4 POST-MASTERS CERTIFICATE PROGRAMS AND 2 DOCTORAL PROGRAMS. IN FISCAL YEAR 2025, THE UNIVERSITY SERVED 1,338 UNDERGRADUATE AND 1,686 POST-BACCALAUREATE STUDENTS. IN ADDITION, 98% OF TRADITIONAL UNDERGRADUATE STUDENTS AND 100% OF INCOMING FRESHMEN RECEIVED SOME FORM OF FINANCIAL AID. 8951431 STUDENT SERVICESSTUDENT SERVICES INCLUDE ADMISSIONS, WELCOME CENTER, FINANCIAL AID ADMINISTRATION, REGISTRAR, ATHLETICS, STUDENT ENGAGEMENT & LEADERSHIP, ORIENTATION, GRADUATION, CAREER SUCCESS CENTER, HEALTH & WELLNESS AND PERSONAL COUNSELING SERVICES, SUPPORT FOR STUDENTS WITH DISABILITIES, CAMPUS CULTURE, AND UNIVERSITY MINISTRY. IN FISCAL YEAR 2025, 425 STUDENT ATHLETES PARTICIPATED IN BASEBALL, BASKETBALL, BOWLING, CROSS COUNTRY, FOOTBALL, DANCE, GOLF, SOCCER, SOFTBALL, TENNIS, TRACK & FIELD, AND VOLLEYBALL. 6542648 ACADEMIC SUPPORTLIBRARY RESOURCES AND SERVICES, ACADEMIC RESOURCE CENTER, INSTITUTIONAL RESEARCH, STUDENT COMPUTER LABS, AND ACADEMIC TECHNOLOGY, AND DEANS OF EACH OF THE UNIVERSITY'S FOUR COLLEGES ARE INCLUDED IN THIS CATEGORY. THE LIBRARY'S COLLECTION INCLUDED 22,986 BOOKS AND OTHER PAPER DOCUMENTS, 4,910 SERIALS, AND 3,277 AUDIOVISUAL MATERIALS. CONSISTENT WITH THE INDUSTRY, THE UNIVERSITY'S RESOURCES CONTINUE TO MOVE AWAY FROM PRINTED MATERIALS AND TOWARD ELECTRONIC RESOURCES AND SUBSCRIPTIONS. THE RESOURCES AT THE LIBRARY ASSIST STUDENTS IN ALL METHODS OF RESEARCH. 3807085 3903941 AUXILIARY ENTERPRISES RESIDENCE EDUCATION, STUDENT HOUSING, FOOD SERVICES, THE BOOKSTORE, AND CONFERENCING SERVICES ARE INCLUDED IN AUXILIARY SERVICES. 295 STUDENTS FILLED STUDENT HOUSING TO 66% CAPACITY IN 2025. THE UNIVERSITY IS FOCUSED ON SAFETY, LEARNING AND COMMUNITY BUILDING AMONG THE STUDENTS INCLUDING A SAFETY AWARENESS WEEK AND A MENTAL HEALTH AWARENESS WEEK WITHIN THE FIRST WEEK OF THE SEMESTER. FOOD SERVICES ARE PROVIDED TO STUDENTS, FACULTY AND STAFF 16 HOURS PER DAY. 3807085 3903941 60137871 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 149 0 989 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ASHLEY CARTER 8157403372 500 WILCOX STREET JOLIET IL 604356188 JOSEPH MALLOF CHAIRPERSON OF THE BOARD 4.00 X X 0 0 0 STEVEN HERNANDEZ VICE CHAIRPERSON 4.00 X X 0 0 0 RACHAEL BARTOLINI TRUSTEE 4.00 X 0 0 0 SR JEANNE BESSETTE TRUSTEE 4.00 X 0 0 0 MICHAEL BILY TRUSTEE 4.00 X 0 0 0 SR SUE BRUNO TRUSTEE 4.00 X 0 0 0 MICHAEL BRYANT TRUSTEE 4.00 X 0 0 0 TANISHA CANNON TRUSTEE 4.00 X 0 0 0 IMAN ELLIS-BOWEN TRUSTEE 4.00 X 0 0 0 JASON FISKE TRUSTEE 4.00 X 0 0 0 SHANE GREEN TRUSTEE 4.00 X 0 0 0 SR MARGARET GUIDER TRUSTEE 4.00 X 0 0 0 DIANE HABIGER TRUSTEE 4.00 X 0 0 0 SCOTT HOLDMAN TRUSTEE 4.00 X 0 0 0 APRIL KUBINSKI TRUSTEE 4.00 X 0 0 0 FR JAMES LEWIS TRUSTEE 4.00 X 0 0 0 SR ROBERTA NAEGELE TRUSTEE 4.00 X 0 0 0 VICTOR PATTERSON TRUSTEE 4.00 X 0 0 0 JOHN PRZYBYLA TRUSTEE 4.00 X 0 0 0 DR YESENIA SANCHEZ TRUSTEE 4.00 X 0 0 0 BRIAN SHARP TRUSTEE 4.00 X 0 0 0 KATIE SULLIVAN TRUSTEE 4.00 X 0 0 0 DANIEL VOGEN TRUSTEE 4.00 X 0 0 0 CHRIS WARD TRUSTEE 4.00 X 0 0 0 ANTHONY ZORDON TRUSTEE 4.00 X 0 0 0 JULEE GARD TREASURER AND VP OF ADMIN & FINANCE 50.00 X 232652 0 16100 ARVID JOHNSON SECRETARY & UNIVERSITY PRESIDENT 50.00 X 421825 0 255000 TERRANCE COTTRELL VP FOR IT & PLANNING 50.00 X 177708 0 16900 LISA SAMPALIS VP FOR UNIVERSITY ADVANCEMENT 50.00 X 159020 0 13300 BETH ROTH PROVOST & VP FOR ACADEMIC AFFAIRS 50.00 X 174625 0 9713 SHANNON BROWN DEAN OF COBHA 50.00 X 167131 0 26289 JOHN GAMBRO DEAN OF COLLEGE OF EDUCATION 50.00 X 154769 0 29292 YEIJIN YEOM DEAN OF COLLEGE OF NURSING 50.00 X 176246 0 7550 ROBERT BEHLING PROFESSOR OF HEALTH ADMINISTRATION 50.00 X 171388 0 13880 1835364 0 388024 39 0 1 0 QUEST FOOD MANAGEMENT SERVICES 2500 SOUTH HIGHLAND AVENUE STE 250 LOMBARD IL 601487100 FOOD SERVICE MANAGEMENTS 1625947 ABM 3060 SOLUTIONS CENTER CHICAGO IL 606773000 HOUSEKEEPING & MAINTENANCE 1210797 EAB PO BOX 603519 CHARLOTTE NC 282603519 MARKETING 1048183 PROVENIT 18450 CROSSING DRIVE TINLEY PARK IL 604879280 SURVELILLANCE CAMERA EQUIPMENT 415876 RICOH USA INC PO BOX 802815 CHICAGO IL 606802815 COPING & PRINTING SERVICES 388182 20 333879 3718073 1021880 73360 5073832 TUITION AND FEES 611310 54738235 54738235 STUDENT HOUSING AND AUXILIARY ENT 611310 3903941 3903941 58642176 1102974 1102974 30599182 29483181 27753 1116001 -27753 1088248 1088248 234448 333879 259367 -24919 -24919 781165 781165 781165 66663476 58642176 0 2947468 41150 41150 24802309 24802309 1406750 1276812 129938 20636743 17298398 3005119 333226 1020863 890459 130404 4151092 2518608 1614009 18475 1475312 1184971 264213 26128 38963 35922 3041 97449 97449 110700 110700 144466 144466 4776308 2814814 1909807 51687 175782 26516 149266 1019772 761373 258399 882497 45146 837351 2687396 2160106 523765 3525 556143 521902 27971 6270 113270 97469 15058 743 464834 409764 54091 979 3916152 3452194 455707 8251 674183 184121 490062 FOOD EXPENSES 1396952 1342380 54572 MISC 1352900 1174619 178281 BAD DEBT 717010 717010 FEES 371133 94127 259333 17673 445051 317445 120049 7557 73475180 60137871 12619116 718193 570 570 3446072 4204815 248706 179400 2009747 1526056 220164 180977 378159 337449 113156117 66846806 48501539 46309311 35056639 30239585 9186737 6924107 99048333 89902270 2727813 4127669 2351098 2369199 30013889 28556176 5037492 4162982 40130292 39216026 X 35660875 26382920 23257166 24303324 58918041 50686244 99048333 89902270 X -6811704 -284640 -1135453 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31326661 559216 2148766 1006741 33027902 27698732 906311 3401522 679904 31326661 26620482 1382202 -392954 -89002 27698732 28041418 899806 -1957030 363712 26620482 22607586 732750 5124532 423450 28041418 0.45786 0.41945 0.12269 1 0 682000 6830868 7512868 85652254 51546927 34105327 17964898 14331643 3633255 2026097 968236 1057861 46309311 BENEFICIAL INTEREST IN PERPETUAL TRUST 2711802 INTEREST RATE SWAP AGREEMENTS 2702210 OPERATING LEASES RIGHT-OF-USE 1229386 FINANCE LEASES RIGHT-OF-USE 280709 6924107 OTHER LIABILITIES 2190237 U.S. GOVERNMENT STUDENT LOAN FUNDS 225202 OPERATING LEASE OBLIGATIONS 1466834 FINANCE LEASE OBLIGATIONS 280709 4162982 X 41979603 3535 259367 262902 41716701 144466 24802309 24946775 66663476 48791307 3535 259367 262902 48528405 144466 24802309 24946775 73475180 PART V, LINE 4: THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUND ARE: SCHOLARSHIPS, PRIZES AND AWARDS, FACULTY DEVELOPMENT AND OTHER PROGRAMS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. MANAGEMENT DOES NOT BELIEVE THE UNIVERSITY HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S 2022, 2023, AND 2024 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. HOWEVER, THE UNIVERSITY IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE UNIVERSITY BEEN CONTACTED BY ANY OF THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 259,367. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 24,802,309. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 259,367. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 24,802,309. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY IS ONE OF NON-DISCRIMINATION WITH RESPECT TO THE PUBLIC SERVED BY THE INSTITUTION AND WITH RESPECT TO UNIVERSITY PERSONNEL. ADVERTISEMENTS, BROCHURES, PUBLICATIONS, APPLICATION FOR ADMISSIONS, ETC., CONTAIN A STATEMENT TO THE EFFECT THAT THE UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, GENDER, GENDER IDENTITY, GENETIC INFORMATION, AGE, NATIONAL ORIGIN, ANCESTRY, MARITAL STATUS, SEXUAL ORIENTATION, HANDICAP, DISABILITY, VETERAN STATUS OR UNFAVORABLE DISCHARGE FROM MILITARY SERVICE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY APPLIES FOR AND RECEIVES EDUCATIONAL GRANTS, AS APPROVED ON A CASE BY CASE BASIS, FROM FEDERAL AND STATE AGENCIES. THE UNIVERSITY ALSO PARTICIPATES ANNUALLY IN FEDERAL & STATE FINANCIAL AID PROGRAMS, SPECIFICALLY PELL, FSEOG, FEDERAL WORK-STUDY, PERKINS LOANS, FEDERAL DIRECT LOANS, AND VARIOUS STATE OF ILLINOIS SCHOLARSHIP AND GRANT PROGRAMS FOR QUALIFIED STUDENTS (I.E., IL MAP). 1 CANADA 0 0 PROGRAM SERVICES PERFORMER-ENTERTAINMENT 15500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PERFORMER-ENTERTAINMENT 2500 0 0 0 0 0 0 18000 0 18000 0 0 0 0 0 0 PART I, LINE 2: THE UNIVERSITY HAS CONTROLS IN PLACE TO MONITOR THE USE OF ALL GRANT FUNDS AND OTHER ASSISTANCE. THE UNIVERSITY WORKED WITH A FOREIGN AGENCY DURING THE TAX YEAR TO HELP THE UNVIERSITY RECRUIT STUDENTS FROM FOREIGN COUNTRIES. X X X X X X X 1 MCALLISTER & QUINN LLC 1368 N WASHINGTON AVE SCRANTON PA 185092844 FUNDRAISING CONSULTING 0 3411445 110700 3300745 3411445 110700 3300745 IL CARITAS SCHOLARSHIP BALL 430667 218199 212468 58640 58503 35060 52187 PAT SULLIVAN GOLF OUTING 86560 72040 14520 10262 7943 5757 1 51100 43640 7460 400 9189 15000 6426 568327 333879 234448 58640 10662 75635 50060 64370 259367 -24919 1 CUSTOM COMMUNITY CREATIONS LLC 220 NORTH VINCENT DRIVE BOLINGBROOK IL 60490 900494983 5500 0 CDS BUSINESS ACCELERATOR GRANT JBJBUSINESSGROUP INC 16 WEST VAN BUREN STREET JOLIET IL 60432 464645006 5500 0 CDS BUSINESS ACCELERATOR GRANT KARIN SHIELDS DBA BLUE TACO LLC 1108 MURPHY DRIVE JOLIET IL 60435 463683190 10050 0 CDS BUSINESS ACCELERATOR GRANT KP SQUARED INC DBA ACE HANDYMAN SERVICES OF SHOREWOOD 2019 SOUTH ROUTE 59 PLAINFIELD IL 60586 920339223 10050 0 CDS BUSINESS ACCELERATOR GRANT SMOKED BY DA POUND 904 JOANNE DRIVE MINOOKA IL 60447 852485749 10050 0 CDS BUSINESS ACCELERATOR GRANT 5 SCHOLARSHIPS & GRANTS 1585 24802309 PART I, LINE 2: THE UNIVERSITY HAS CONTROLS IN PLACE TO MONITOR THE USE OF ALL GRANT FUNDS. ALL CONTROLS ARE AT MINIMUM AS RIGOROUS AS REQUIRED IN THE UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (2 CFR 200). GRANT PROGRAM DIRECTORS WORK WITH THE FINANCE DEPARTMENT TO ENSURE THAT ALL GRANT EXPENDITURES ARE NECESSARY, REASONABLE, AND ALLOWABLE IN ACCORDANCE WITH GRANT TERMS AND ALL RELEVANT STATUTES AND REGULATIONS. ANY GRANT-RELATED TUITION AID IS APPLIED DIRECTLY TO STUDENT ACCOUNTS BY THE FINANCIAL AID OFFICE, ENSURING THAT THESE FUNDS ARE USED AS INTENDED. WHEN THE UNIVERSITY WORKS WITH SUBRECIPIENTS TO PERFORM GRANT ACTIVITIES, IT CLEARLY EXPLAINS THE NATURE OF THE SUBAWARD AND ALL ACCOMPANYING REQUIREMENTS. THE UNIVERSITY ROUTINELY MONITORS ALL SUBRECIPIENTS, SECURING DOCUMENTATION VERIFYING COMPLIANCE WITH GRANT REQUIREMENTS AND PROVIDING TECHNICAL ASSISTANCE AS NEEDED. X X X X X X 0 0 0 0 0 0 0 0 0 ARVID JOHNSON SECRETARY & UNIVERSITY PRESIDENT 409093 0 0 0 12732 0 255000 0 0 0 676825 0 0 0 JULEE GARD TREASURER AND VP OF ADMIN & FINANCE 232100 0 0 0 552 0 16100 0 0 0 248752 0 0 0 TERRANCE COTTRELL VP FOR IT & PLANNING 177348 0 0 0 360 0 16900 0 0 0 194608 0 0 0 SHANNON BROWN DEAN OF COBHA 166326 0 0 0 805 0 10987 0 15302 0 193420 0 0 0 ROBERT BEHLING PROFESSOR OF HEALTH ADMINISTRATION 170199 0 0 0 1189 0 13880 0 0 0 185268 0 0 0 BETH ROTH PROVOST & VP FOR ACADEMIC AFFAIRS 173593 0 0 0 1032 0 9713 0 0 0 184338 0 0 0 JOHN GAMBRO DEAN OF COLLEGE OF EDUCATION 153286 0 0 0 1483 0 15814 0 13478 0 184061 0 0 0 YEIJIN YEOM DEAN OF COLLEGE OF NURSING 175928 0 0 0 318 0 7550 0 0 0 183796 0 0 0 LISA SAMPALIS VP FOR UNIVERSITY ADVANCEMENT 149543 0 0 0 9477 0 8050 0 5250 0 172320 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 NONEAVAIL 2020-04-01 36075000 SEE SCHEDULE K, PART VI 0 0 0 A 7267493 36075000 306516 35838479 2020 1 0 1 1 A 0 0 1 1 0 0.01000 0.01000 0 0 1 A 0 1 1 1 1 1 WINTRUST BANK 10.000000000000 0 0 0 0 1 A 1 X 1342 17694 FMV X AUCTION ITEMS 33 35855 LESSER OF GIFT VALUE X AUCTION GIK DONATIONS, NOT PRIZES 4 17500 FMV X OTHER 3 1166 FMV X RECORDS, MUSIC ITEMS FOR RADIO STATION 3 1145 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A REVIEW WAS CONDUCTED PRIOR TO FILING THE 990 WITH THE IRS. THE DIRECTOR OF ACCOUNTING AND OTHERS IN BUSINESS AFFAIRS GATHER ALL INFORMATION FROM VARIOUS AREAS OF THE UNIVERSITY AND SUBMIT THE INFORMATION TO EXTERNAL TAX PROFESSIONALS TO PREPARE THE FIRST DRAFT OF THE 990. THE DIRECTOR OF ACCOUNTING THEN REVIEWS THE DRAFT AND MAKES ANY NECESSARY CORRECTIONS AND CHANGES. THE SECOND DRAFT WAS REVIEWED BY THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE AND THE PRESIDENT OF THE UNIVERSITY. AGAIN, UPDATES AND CHANGES WERE MADE IF NECESSARY. A FINAL DRAFT WAS SENT VIA EMAIL TO ALL VOTING BOARD MEMBERS FOR THEIR REVIEW AND ACCEPTANCE. IF ANY CHANGES WERE REQUIRED AFTER BOARD REVIEW, THEY WERE SENT TO THE TAX PROFESSIONALS FOR INCORPORATION INTO THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE SENT TO EACH BOARD MEMBER EACH SUMMER. ALL BOARD MEMBERS ARE EXPECTED TO RETURN THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS TO THE EXECUTIVE ASSISTANT TO THE PRESIDENT AT THE FALL BOARD MEETING, IF NOT SOONER. A PROCESS HAS BEEN ESTABLISHED TO FOLLOW UP WITH ANY MEMBERS WHO HAVE NOT RETURNED THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WITHIN THE GIVEN PARAMETERS. THE UNIVERSITY MONITORS CONFLICTS OF INTEREST BY SENDING OUT A QUESTIONNAIRE ANNUALLY. IN ADDITION, CONFLICTS ARE MONITORED AT EVERY MEETING A QUESTION REGARDING CONFLICTS IS RAISED. IF A CONFLICT ARISES, THE BOARD MEMBER RECUSES HIMSELF/HERSELF FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND ACTIONS ON THE TOPIC OR TRANSACTION UNDER CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FUNCTIONS AS THE COMPENSATION COMMITTEE AND IS RESPONSIBLE FOR DETERMINING THE PRESIDENT'S SALARY AND BENEFITS. THE COMPENSATION COMMITTEE WORKS WITH HUMAN RESOURCES, THE PRESIDENT, AND OUTSIDE CONSULTANTS (AS NEEDED) TO OBTAIN COMPARABLE SALARY AND BENEFIT DATA FROM ORGANIZATIONS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA), IN ORDER TO ESTABLISH APPROPRIATE SALARY AND BENEFITS PACKAGES. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIRPERSON OF THE BOARD OF TRUSTESS AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTESS, WHO ARE NOT RELATED TO THE PRESIDENT AND DO NOT PERFORM MANAGEMENT-DIRECTED SERVICES TO THE UNIVERSITY. THE PRESIDENT OF THE UNIVERSITY HAS A MULTI-YEAR CONTRACT, PERFORMANCE AGAINST WHICH IS REVIEWED ANNUALLY TO DETERMINE IF ALL OBJECTIVES HAVE BEEN SATISFIED. THE PRESIDENT OF THE UNIVERSITY - UPON CONSULTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES - IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE PRESIDENT'S DIRECT REPORTS AND THE ACADEMIC DEANS AND WORKS WITH HUMAN RESOURCES TO OBTAIN COMPARABLE SALARY AND BENEFITS DATA FROM ORGANIZATIONS SUCH AS CUPA. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS AND PUBLIC DISCLOSURE COPIES OF THE IRS FORM 990 ARE AVAILABLE TO THE PUBLIC AT THE UNIVERSITY OF ST. FRANCIS' WEBSITE, WWW.STFRANCIS.EDU. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -1,237,486. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 102,033. SISTERS OF ST FRANCIS OF MARY IMMACULATE 1433 ESSINGTON JOLIET IL 60435 362764900 RELIGIOUS ORDER IL 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1