2026-04-21T14:20:48-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-07-01 390806202 EDGEWOOD UNIVERSITY INC EDGE 6086634861 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 ANDREW MANION PRESIDENT 6086634861 2026-04-21 1 1 TROY E MARINE P00187863 4147775500 2026-04-20 2024 2025-03-06 01:10:19Z X ANDREW MANION 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 71816887 0 0928 X WWW.EDGEWOOD.EDU X 1927 WI TO PROVIDE A QUALITY HIGHER EDUCATION. 22 19 1133 30 14112 0 3049446 3347423 54568674 60360379 4178827 4038801 1095625 1125070 62892572 68871673 18463126 19380370 0 0 27960337 30327411 0 0 1369255 15824771 20568015 62248234 70275796 644338 -1404123 159379864 162734760 16129424 17116770 143250440 145617990 X EDGEWOOD UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION, ENGAGES STUDENTS WITHIN A COMMUNITY OF LEARNERS COMMITTED TO BUILDING A JUST AND COMPASSIONATE WORLD. THE UNIVERSITY EDUCATES STUDENTS FOR MEANINGFUL PERSONAL AND PROFESSIONAL LIVES OF ETHICAL LEADERSHIP, SERVICE, AND A LIFELONG SEARCH FOR TRUTH. 0 0 56637595 19380370 53998169 INSTRUCTION- POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATES, ACCELERATED PROGRAMS FOR RETURNING ADULTS, GRADUATE PROGRAMS, AND DOCTORAL EDUCATION. FULL-TIME EQUIVALENT ENROLLMENT OF 1107 UNDERGRADUATE AND 838 GRADUATE AND POST BACCALAUREATE STUDENTS. 5552209 0 6360098 AUXILLARY SERVICES- RESIDENCE HALL AND FOOD SERVICE SERVING APPROXIMATELY 496 STUDENT RESIDENTS. 62189804 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 2782 0 1 1133 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JANE WILHELM 6086634861 1000 EDGEWOOD COLLEGE DRIVE MADISON WI 53711 ANDREW MANION PRESIDENT 40.00 X X 363349 0 22545 LOUISE STRACENER BOARD MEMBER/FACULTY 40.00 X 70799 0 6671 JEANNE LEEP BOARD MEMBER/FACULTY 40.00 X 66704 0 24429 JAC GARNER CHAIR 1.00 X X 0 0 0 DAVID WITTWER VICE CHAIR 1.00 X X 0 0 0 WENDY PERKINS TREASURER 1.00 X X 0 0 0 JEANAN YASIRI MOE SECRETARY 1.00 X X 0 0 0 CORINDA RAINEY-MOORE BOARD MEMBER 1.00 X 0 0 0 DAN BLACK BOARD MEMBER 1.00 X 0 0 0 DAN FAHEY BOARD MEMBER 1.00 X 0 0 0 JAKE ORVILLE BOARD MEMBER 1.00 X 0 0 0 JOE GOTHARD BOARD MEMBER 1.00 X 0 0 0 JUDITH SCHAEFER OP BOARD MEMBER 1.00 X 0 0 0 KATHLEEN PHELAN OP BOARD MEMBER 1.00 X 0 0 0 KEVIN O'DRISCOLL BOARD MEMBER 1.00 X 0 0 0 NYRA JORDAN BOARD MEMBER 1.00 X 0 0 0 ROXANNE BRAZEAU BOARD MEMBER 1.00 X 0 0 0 RYAN COLLINS BOARD MEMBER 1.00 X 0 0 0 SANDRA DOCTER BOARD MEMBER 1.00 X 0 0 0 SUZANNE ANDERSON BOARD MEMBER 1.00 X 0 0 0 TRACY SCHWEITZER BOARD MEMBER 1.00 X 0 0 0 TYRONE WILLIAMS BOARD MEMBER 1.00 X 0 0 0 AMANDA BERG VICE PRESIDENT OF FINANCE 40.00 X 179082 0 13527 WILLIAM MANGAN VP FOR ACADEMIC AFFAIRS 40.00 X 205569 0 13079 MARGARET NOREUIL DEAN OF NURSING, BUS. & HEALTH 40.00 X 184645 0 13723 PAUL EGGERS VP FOR GROWTH AND INNOVATION 40.00 X 161157 0 10414 VICTORIA PALMISANO ASSOC DEAN BUSINESS 40.00 X 179141 0 11327 ANN MADDEN PROGRAM DIRECTOR DNP-NA 40.00 X 164892 0 26750 KATIE VESPERMAN VP INSTITUTIONAL ADVANCEMENT 40.00 X 143517 0 80065 QUINN MULLIKIN ASSOC DEAN NURSING 40.00 X 142738 0 31087 ARHELIA DALLA COSTA BEHM VP FOR ADMINISTRATION 40.00 X 141964 0 34926 2003557 0 288543 31 0 1 0 UPGRAD INC ONE THOMAS CIRCLE NW SUITE 700 WASHINGTON DC 20005 MARKETING AND STUDENT SUPPORT SERVICES 3863637 CONSOLIDATED MANAGEMENT COMPANY 2894 106TH ST SUITE 110 URBANDALE IA 50322 FOOD SERVICE VENDOR 1952343 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 MARKETING AND ADVISORY SERVICES 715106 CDW GOVERNMENT LLC 75 REMITTANCE DR STE 1515 CHICAGO IL 60675 IT TECHNOLOGY PURCHASING GROUP 583692 WAICU 122 WEST WASHINGTON AVENUE MADISON WI 53703 MEMBERSHIP SERVICES & IT CONSORTIUM 477291 24 35145 359385 2952893 589765 3347423 EDUCATIONAL SERVICES 611310 53986169 53986169 ROOM AND BOARD 721310 6374210 6360098 14112 60360379 2562901 2562901 374322 3025 371297 371297 371297 4395013 2919113 1475900 1475900 1475900 11930 35145 22751 -10821 -10821 4516 325 4191 4191 INVESTMENT INCOME BENE 900099 725000 725000 CELL TOWER LEASE 900099 23403 23403 MANAGEMENT SERVICES - 561000 12000 12000 760403 68871673 60358267 14112 5151871 19380370 19380370 1703985 365907 1082487 255591 22672536 18282201 3790376 599959 1129272 848737 239507 41028 3082709 2316899 653812 111998 1738909 1306927 368805 63177 206660 206660 88048 88048 137295 137295 4585660 4367525 218135 613846 606929 5167 1750 490509 283347 144497 62665 1996030 1183313 733467 79250 3030191 366738 2663453 266801 205175 48153 13473 280656 258196 22460 2460325 2041093 402273 16959 218339 218339 AUXILIARY EXPENSES 2190006 2190006 STUDENT SERVICES 1271246 1271246 UBIT EXPENSE 1503 1503 OPERATION AND MAINTENAN 0 4996550 -5032999 36449 2730900 1917142 726802 86956 70275796 62189804 6716737 1369255 3350 3350 25154284 23380210 425788 269794 1718509 1474738 146078 81251 59702 31946 857290 964026 99401401 50106589 49491348 49294812 61952387 60293358 0 6870630 19571128 20070645 159379864 162734760 3096484 4650244 1548976 2203461 8875000 8000000 2608964 2263065 16129424 17116770 X 104571618 103622850 38678822 41995140 143250440 145617990 159379864 162734760 X -1404123 2903561 868112 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 55872964 1371796 5445496 415770 1691730 60582756 50762939 865147 6242928 359190 1638860 55872964 46847584 1360515 4500920 348665 1597415 50762939 52995210 1421765 -5756581 311340 1501470 46847584 40906163 1082227 12759670 293315 1459535 52995210 0.66000 0.21000 0.13000 0 0 1604456 1604456 86787507 42034387 44753120 7449586 6523004 926582 3559852 1549198 2010654 49294812 BENEFICIAL INTEREST IN PRIVATE FOUNDATION 17399954 INVESTMENT IN JOINT VENTURE 206514 RIGHT OF USE ASSETS 2464177 20070645 PREPAID ROOM AND OTHER DEPOSITS 528592 OPERATING/FINANCING LEASE LIABILITY 1387244 REFUNDABLE STUDENT LOANS 347229 2263065 X 53136016 2903561 878447 3782008 49354008 137295 19380370 19517665 68871673 50768465 10334 10334 50758131 137295 19380370 19517665 70275796 PART III, LINE 1A: COLLECTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS ARE NOT CAPITALIZED. PART III, LINE 4: EDGEWOOD UNIVERSITY HAS AN ART COLLECTION USED FOR PUBLIC EXHIBITION AND SCHOLARLY RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY USED FOR SCHOLARSHIPS AND ALSO INCLUDE SUPPORT OF PROGRAM ACTIVITIES, BUILDING MAINTENANCE AND EQUIPMENT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY BY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2022 AND 2021 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 1,072,943. RENTAL EXPENSES 3,025. USE OF UNIVERSITY CAR 7,309. EQUITY IN CNE INCOME 16,782. SWAP MV CHANGE -221,612. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 19,380,370. PART XII, LINE 2D - OTHER ADJUSTMENTS: USE OF UNIVERSITY CAR 7,309. RENTAL EXPENSES 3,025. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND INSTITUTIONAL AID 19,380,370. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EDGEWOOD UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE UNIVERSITY CATALOGUE, APPLICATION MATERIALS, AND OWN WEBSITE. SCHEDULE E, PART I, LINE 6 PELL FUNDS, SEOG FUNDS, AND WORK STUDY FUNDS ARE FROM THE U.S. GOVERNMENT. EAST ASIA 0 0 PROGRAM SERVICES EDUCATION- PROGRAM DEVELOPMENT 2349 EUROPE 0 0 PROGRAM SERVICES EDUCATION- PROGRAM DEVELOPMENT 15995 EUROPE 0 0 PROGRAM SERVICES EDUCATION- STUDY ABROAD 176910 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATION- STUDY ABROAD 22215 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATION- PROGRAM DEVELOPMENT 8512 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATION- STUDY ABROAD 39160 0 0 0 0 0 0 265141 0 265141 0 0 0 0 0 0 EAGLE GOLF OUTING 47075 35145 11930 300 12868 7040 2543 47075 35145 11930 300 12868 7040 2543 22751 -10821 1 EDGEWOOD UNIVERSITY SCHOLARSHIPS 1185 19192837 SEOG PROGRAM 76 158300 TEACH-FEDERAL GRANTS 11 29233 PART I, LINE 2: TO ENSURE OUR GRANTS AND SCHOLARSHIPS ARE USED FOR THE PROPER PURPOSES THE EDGEWOOD UNIVERSITY FINANCIAL AID OFFICE PERFORMS REGULAR MAINTENANCE AND RECONCILIATIONS WITH OUR BUSINESS OFFICE MONITORING THAT ALL FUNDS AWARDED TO A PARTICULAR STUDENT ARE BEING PROPERLY CREDITED TO THEIR STUDENT ACCOUNT. ANY CHANGES OR ADJUSTMENTS TO ORIGINAL AWARDS THAT AFFECT GRANT AND SCHOLARSHIP FUNDING ARE MADE WITHIN POWERFAIDS, THE FINANCIAL AID SOFTWARE PROGRAM. THESE CHANGES TO AWARDS ARE ELECTRONICALLY TRANSMITTED AT LEAST WEEKLY TO THE BUSINESS OFFICE. THE RESULTING CHANGES ARE THEN DISPLAYED ON THEIR STUDENT ACCOUNT. THE FINANCIAL AID OFFICE HAS THE ABILITY TO GENERATE REPORTS AS NEEDED FOR MONITORING AND RECONCILIATION PURPOSES. THESE REPORTS ARE COMPARED TO REPORTS GENERATED BY THE BUSINESS OFFICE TO ENSURE THAT ALL PROGRAM AMOUNTS ARE ACCURATELY REFLECTED. ADDITIONALLY, WE HAVE A YEARLY AUDIT PERFORMED BY AN OUTSIDE ACCOUNTING FIRM GUARANTEEING WE ARE STAYING IN COMPLIANCE WITH ALL FEDERAL, STATE AND INSTITUTIONAL POLICIES AND PROCEDURES AS WELL AS ASSURING FUNDING IS BEING USED AS INTENDED. X 1 1 X X X 0 1 0 0 0 0 0 0 0 ANDREW MANION PRESIDENT 336079 0 0 0 27270 0 21825 0 720 0 385894 0 0 0 KATIE VESPERMAN VP INSTITUTIONAL ADVANCEMENT 143517 0 0 0 0 0 8635 0 71430 0 223582 0 0 0 WILLIAM MANGAN VP FOR ACADEMIC AFFAIRS 205569 0 0 0 0 0 12359 0 720 0 218648 0 0 0 MARGARET NOREUIL DEAN OF NURSING, BUS. & HEALTH 184645 0 0 0 0 0 10725 0 2998 0 198368 0 0 0 AMANDA BERG VICE PRESIDENT OF FINANCE 179082 0 0 0 0 0 10864 0 2663 0 192609 0 0 0 ANN MADDEN PROGRAM DIRECTOR DNP-NA 164892 0 0 0 0 0 10435 0 16315 0 191642 0 0 0 VICTORIA PALMISANO ASSOC DEAN BUSINESS 179141 0 0 0 0 0 10777 0 550 0 190468 0 0 0 ARHELIA DALLA COSTA BEHM VP FOR ADMINISTRATION 141964 0 0 0 0 0 9000 0 25926 0 176890 0 0 0 QUINN MULLIKIN ASSOC DEAN NURSING 142738 0 0 0 0 0 8057 0 23030 0 173825 0 0 0 PAUL EGGERS VP FOR GROWTH AND INNOVATION 161157 0 0 0 0 0 9694 0 720 0 171571 0 0 0 PART I, LINE 1A SOCIAL DUES ARE DETERMINED BY PRESIDENT'S CONTRACT. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2015-05-29 16870000 SEE PART VI 0 0 0 A 8870000 16870000 75000 6745000 10050000 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 US BANK 5.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART I, ROW A, COLUMN (F): CONSTRUCT RESIDENCE HALL ADDITION AND CURRENT REFUNDING OF WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY ADJUSTABLE DEMAND REVENUE BONDS, SERIES 2006 (EDGEWOOD UNIVERSITY) DATED SEPTEMBER 13, 2006 SCHEDULE K, PART I, ROW A, COLUMN (F): THE TOTAL ISSUE AMOUNT OF THE SERIES 2015 BONDS WAS $16,870,000 OF WHICH $10,050,000 WAS USED TO CURRENTLY REFUND SERIES 2006 BONDS, $75,000 WAS USED TO PAY ISSUANCE COSTS AND $6,745,000 WAS USED FOR RESIDENCE HALL ADDITION CONSTRUCTION COSTS. SCHEDULE K, PART IV, ROWS 4A AND 4B: BMO HARRIS BANK PROVIDED A HEDGE FOR THE 1ST 10 YEARS OF THE BONDS. STARTING IN 2025, U.S. BANK IS PROVIDING A HEDGE WITH A TERM OF THE 5 YEARS. SUBJECT TO FERPA LAWS FERPA LAWS 70710 TUITION ASSISTANCE SCHOLARSHIP X 3 589765 NET SELLING PRICE X PRIZES AND GIVEAWAYS FOR EVENTS 87 0 0 0 1 0 PART I, COLUMN (B): FOR THE INFORMATION INCLUDED IN THIS COLUMN THE UNIVERSITY IS COUNTING THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED. PART I, LINE 33: FOR THE TYPES OF PROPERTY CHECKED IN COLUMN (A), FOR WHICH THERE IS NO REVENUE REPORTED IN COLUMN (C), THE REASON IS THAT THE AMOUNTS WERE CONSIDERED IMMATERIAL TO THE UNIVERSITY'S OVERALL FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 1A ALL CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY, NOTES OR OTHER EVIDENCES OF INDEBTEDNESS ISSUED IN THE NAME OF THE UNIVERSITY SHALL BE SIGNED BY SUCH OFFICER OR OFFICERS, AGENT OR AGENTS OF THE UNIVERSITY IN SUCH MANNER AS SHALL FROM TIME TO TIME BE DETERMINED BY THE FINANCE, AUDIT AND INVESTMENT COMMITTEE UNDER AUTHORITY AS DELEGATED BY THE BOARD. ALL FUNDS OF THE UNIVERSITY SHALL BE DEPOSITED FROM TIME TO TIME TO THE CREDIT OF THE UNIVERSITY IN SUCH BANKS, TRUST COMPANIES, OR OTHER DEPOSITARIES AS DETERMINED BY THE COMMITTEE CHARGED WITH FINANCE AND AUDIT UNDER AUTHORITY AS DELEGATED BY THE BOARD FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS DUE TO THE NAME CHANGE TO EDGEWOOD UNIVERSITY, INC. EFFECTIVE 07/01/25. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF EDGEWOOD UNIVERSITY (SEE 7B BELOW) APPROVE THE APPOINTMENT OF MEMBERS OF THE BOARD (HEREINAFTER REFERRED TO AS "TRUSTEES") FOR THE UNIVERSITY, THE APPROVAL OF WHICH SHALL NOT BE UNREASONABLY WITHHELD. FORM 990, PART VI, SECTION A, LINE 7B SECTION 1. MEMBERS OF THE UNIVERSITY. MEMBERS OF THE UNIVERSITY OVERSEE SPECIFIC RESERVED POWERS. THE MEMBERS OF EDGEWOOD UNIVERSITY SHALL INITIALLY BE THE PRIORESS, COUNCILORS, AND THE TREASURER OF THE SINSINAWA DOMINICAN CONGREGATION. THEREAFTER, THE MEMBERS MAY APPOINT, IN THEIR SOLE DISCRETION, DIFFERENT MEMBERS (A) WHEN THE MEMBERS, IN THEIR SOLE DISCRETION, DECIDE TO INCREASE THE NUMBER OF MEMBERS, OR (B) WHEN VACANCIES OCCUR BY DEATH, RESIGNATION, FAILURE OF QUALIFICATION, OR OTHERWISE. AT ALL TIMES, MEMBERS SHALL BE COMPRISED OF A MAJORITY OF PERSONS WHO ARE SISTERS OF THE SINSINAWA DOMINICAN CONGREGATION. SECTION 2. NUMBERS AND TERMS OF OFFICE. THE MEMBERS WILL CONSIST OF NO FEWER THAN THREE (3) AND NO MORE THAN SEVEN (7) PERSONS. EACH MEMBER SHALL SERVE A TERM OF THAT NUMBER OF YEARS DETERMINED BY THE MEMBERS AS THE LENGTH OF TERM FOR MEMBERS. WHEN VACANCIES AMONG THE MEMBERS OCCUR BY REASON OF DEATH, RESIGNATION, FAILURE OF QUALIFICATION, OR OTHERWISE, THE NUMBER SHALL BE REDUCED BY SUCH VACANCIES UNTIL QUALIFIED REPLACEMENTS ARE SELECTED BY THE REMAINING MEMBERS FOR UNEXPIRED TERMS, BUT IN NO EVENT WILL THE NUMBER OF MEMBERS BE FEWER THAN THREE (3). ANY MEMBER MAY RESIGN BY FILING A RESIGNATION WITH THE ELECTED CHAIR (UNLESS THE ELECTED CHAIR IS THE PERSON RESIGNING, IN WHICH CASE THE RESIGNATION SHALL BE FILED WITH THE REMAINING MEMBERS). UNLESS OTHERWISE STATED IN A RESIGNATION, IT SHALL TAKE EFFECT WHEN RECEIVED BY THE PERSON OR PERSONS TO WHOM DELIVERED AS SPECIFIED ABOVE, WITH ANY NEED FOR ITS ACCEPTANCE. SECTION 3. RESERVED POWERS OF MEMBERS. THE RESERVED POWERS OF THE MEMBERS INCLUDE THE FOLLOWING: (1) TO CHANGE OR APPROVE CHANGES TO THE MISSION OF THE UNIVERSITY AND TO ASSURE CONTINUING HARMONY BETWEEN THE MISSION OF THE SINSINAWA DOMINICAN AND THE MISSION OF THE UNIVERSITY. (2) TO ENSURE THE CATHOLIC IDENTITY AND DOMINICAN FORMATION FOR THE UNIVERSITY. (3) TO APPROVE ANY ACQUISITION, PURCHASE, SALE, MORTGAGE, LEASE, TRANSFER, OR ENCUMBRANCE OF THE REAL PROPERTY OWNED BY THE UNIVERSITY. (4) TO APPROVE DEBT IN EXCESS OF A PREDETERMINED AMOUNT SET THE MEMBERS. (5) TO AMEND, RESTATE, OR MODIFY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE UNIVERSITY. (6) TO APPROVE THE MERGER, CONSOLIDATION, LIQUIDATION OR DISSOLUTION OF THE UNIVERSITY. (7) TO REQUIRE AN ASSESSMENT OF CATHOLIC AND DOMINICAN IDENTITY OF THE UNIVERSITY TO DETERMINE THE EFFECTIVENESS OF THE MISSION. (8) TO APPROVE THE ORGANIZATION OF ANY AFFILIATE OR SUBSIDIARY ORGANIZATION OF THE UNIVERSITY. (9) TO ENSURE THE EXISTENCE OF A BOARD OF TRUSTEES FOR THE UNIVERSITY (HEREINAFTER REFERRED TO AS THE "BOARD") AND TO COLLABORATE WITH THE BOARD IN ASSESSING THE BOARD'S EFFECTIVENESS. (10) TO APPROVE THE APPOINTMENT OF MEMBERS OF THE BOARD (HEREINAFTER REFERRED TO AS "TRUSTEES") FOR THE UNIVERSITY, THE APPROVAL OF WHICH SHALL NOT BE UNREASONABLY WITHHELD. (11) TO REQUIRE THE BOARD OF THE UNIVERSITY TO CONSIDER OR RECONSIDER, WITHIN NINETY (90) DAYS ANY ACTION OR ITEM THAT THE MEMBERS HAVE DETERMINED TO BE SIGNIFICANT TO THE DOMINICAN OR CATHOLIC CHARACTER OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE PUBLIC DISCLOSURE COPY FORM 990 WAS REVIEWED AND APPROVED BY THE FINANCE & AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS. BOARD TRUSTEE MEMBERS WILL BE GIVEN A LINK FOR WHICH TO ACCESS THE FORM 990 TAX RETURN PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EDGEWOOD UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE DISCLOSURE STATEMENT IS COMPLETED AND SIGNED ANNUALLY BY TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE POLICY REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES TO: 1. REVIEW POLICY, 2. DISCLOSE ANY PERSONAL, FAMILY OR BUSINESS RELATIONSHIPS THAT COULD REASONABLY GIVE RISE TO CONFLICT WITHIN THE UNIVERSITY, AND 3. COMPLETE AND SIGN DISCLOSURE STATEMENT. THE BUSINESS OFFICE PERSONNEL PERFORM A REVIEW OF DISCLOSURE STATEMENTS AND VERIFY THAT THEY ARE RETURNED BY ALL INTERESTED PARTIES. BUSINESS OFFICE PERSONNEL WILL REPORT TO FINANCE & AUDIT COMMITTEE THE SUMMARY OF DISCLOSURES AND NON-RESPONSES. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE NOR PARTICIPATE IN THE DISCUSSION OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE AND THE ABSTENTION FROM VOTING AND PARTICIPATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT AND OFFICERS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. DOCUMENTATION OF SUCH APPROVAL IS INCLUDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. COMPARISONS ARE MADE ANNUALLY TO COMPENSATION AND BENEFITS FOR COMPARABLE POSITIONS AT ORGANIZATIONS INDEPENDENT OF EDGEWOOD. FORM 990, PART VI, SECTION C, LINE 19 EDGEWOOD UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PRIVATE FOUNDATION 1,072,943. SWAP MV CHANGE -221,612. EQUITY IN CNE INCOME 16,781.