2026-04-10T12:54:56+00:00 2025-05-31 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-06-01 560554199 CHOWAN UNIVERSITY CHOW 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 DR ROSEMARY M THOMAS PRESIDENT 2523986500 2026-04-10 true SANDRA L FEINSMITH P01064157 9197549370 2026-04-10 2024 2025-03-06 01:10:19Z DR ROSEMARY M THOMAS ONE UNIVERSITY PLACE MURFREESBORO NC 27855 71613785 false X WWW.CHOWAN.EDU X 1849 NC INSTITUTION OF PRIVATE HIGHER EDUCATION PROVIDING UNDERGRADUATE AND GRADUATE CURRICULUMS. 38 37 530 41 0 5468611 4137774 22232235 21762409 1319984 1299613 534939 245355 29555769 27445151 10329295 10131978 0 0 10847769 10173808 0 0 918781 11568596 11388320 32745660 31694106 -3189891 -4248955 85679762 81939211 8858643 8195179 76821119 73744032 CHOWAN UNIVERSITY IS A COMPREHENSIVE COEDUCATIONAL INSTITUTION COMMITTED TO EXCELLENCE IN TEACHING, LEARNING, SCHOLARLY INQUIRY, AND SERVICE. THE UNIVERSITY PROVIDES THE ENVIRONMENT FOR STUDENTS TO BECOME LEARNERS WHO POSSESS THE SKILLS, KNOWLEDGE, CREATIVITY, AND ETHICAL VALUES NECESSARY TO SURVIVE AND FLOURISH IN A RAPIDLY CHANGING, CULTURALLY DIVERSE, GLOBAL SOCIETY. CHOWAN UNIVERSITY, AS A CHRISTIAN INSTITUTION, WAS FOUNDED UPON AND IS DEDICATED TO JUDEO-CHRISTIAN VALUES. CONSISTENT WITH THIS HERITAGE, THE UNIVERSITY IS GUIDED BY THE HISTORIC PRINCIPLES OF RELIGIOUS AND INTELLECTUAL FREEDOM, ACADEMIC EXCELLENCE, THE DIGNITY AND WORTH OF EACH INDIVIDUAL, AN ATMOSPHERE OF OPEN DIALOGUE, FREEDOM OF INQUIRY AND EXPRESSION, AND A MORAL COMMITMENT TO THE PURSUIT OF TRUTH. false false 26486257 10131978 21762409 CHOWAN UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, RESIDENTIAL UNIVERSITY WITH BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS A VARIETY OF ACADEMIC PROGRAMS WITH A LIBERAL ARTS BASIS IN CAREER-ORIENTED FIELDS SUCH AS BUSINESS, TEACHER EDUCATION, CRIMINAL JUSTICE, ETC. IN ALL, THE UNIVERSITY OFFERS DEGREES IN 20 PROGRAMS. STUDENTS PARTICIPATE IN, AND ARE EXPOSED TO, VARIOUS CULTURAL ARTS PROGRAMS AND EVENTS. THEY ARE ALSO ENCOURAGED TO BE INVOLVED IN COMMUNITY AND VOLUNTEER PROGRAMS. THE UNIVERSITY OFFERS VARIOUS STYLES OF STUDENT HOUSING FOR RESIDENTIAL STUDENTS. RESIDENTIAL STUDENTS RECEIVE TRAINING AND PROGRAMMING FROM THE RESIDENCE LIFE STAFF. ATHLETIC AND INTRAMURAL PARTICIPATION IS ANOTHER IMPORTANT COMPONENT IN THE LEARNING AND EDUCATION EXPERIENCE. DURING FALL 2024, THE UNIVERSITY SERVED APPROXIMATELY 583 STUDENTS IN ITS TRADITIONAL UNDERGRADUATE PROGRAM, WITH 512 STUDENTS ENROLLED IN SPRING 2025. THE GRADUATE PROGRAM HAD 72 STUDENTS IN FALL 2024 AND 71 IN SPRING 2025. AMONG THESE, 565 STUDENTS WERE RESIDENTIAL IN FALL 2024, AND 489 IN SPRING 2025. ADDITIONALLY, THE UNIVERSITY ENROLLED AROUND 7 STUDENTS IN THE UNDERGRADUATE ADULT DEGREE PROGRAM FOR FALL 2024 AND 6 IN SPRING 2025. THE UNDERGRADUATE RESIDENCY PROGRAM, DESIGNED FOR STUDENTS OBTAINING THEIR TEACHING LICENSE, HAD 13 PARTICIPANTS IN FALL 2024 AND 6 IN SPRING 2025. OVER THE COURSE OF THE YEAR, APPROXIMATELY 159 STUDENTS SUCCESSFULLY COMPLETED THEIR PROGRAM STUDIES. 26486257 true true false false false false false true false true true false false false true true true false true false false false false false false false false false true true false false false false false false false true false true false false false false false false false false false false true 89 0 true 530 true false false false false false true true false false false false false false X 38 37 true false false false false false false true true false false false false true true true true false true true false false NC X CALEB D RIGGLEMAN 2523986500 ONE UNIVERSITY PLACE MURFREESBORO NC 27855 AUSTINE O EVANS BOARD CHAIR 1.0 0.0 X X 0 0 0 CECIL S HOLLOMON JR BOARD VICE CHAIR 1.0 0.0 X X 0 0 0 BARRY E WHITAKER TRUSTEE 1.0 0.0 X 0 0 0 BETTY JO SHEPHEARD TRUSTEE 1.0 0.0 X 0 0 0 BILLY R HOWELL TRUSTEE 1.0 0.0 X 0 0 0 BLAKE BLYTHE TRUSTEE 1.0 0.0 X 0 0 0 CARLYLE WIMBISH TRUSTEE 1.0 0.0 X 0 0 0 CHARLES B POND III TRUSTEE 1.0 0.0 X 0 0 0 ELAINE E MYERS TRUSTEE 1.0 0.0 X 0 0 0 FREDDIE DAVIS TRUSTEE 1.0 0.0 X 0 0 0 GARRY WHITAKER TRUSTEE 1.0 0.0 X 0 0 0 GRACE G BROWN TRUSTEE 1.0 0.0 X 0 0 0 HAROLD W BABB TRUSTEE 1.0 0.0 X 0 0 0 HARVEY W REINHARDT TRUSTEE 1.0 0.0 X 0 0 0 HUGH BUTCH WILSON TRUSTEE 1.0 0.0 X 0 0 0 JAMES M EASON TRUSTEE 1.0 0.0 X 0 0 0 JAMES T JOHNSON JR TRUSTEE 1.0 0.0 X 0 0 0 JAMES W MASON TRUSTEE 1.0 0.0 X 0 0 0 JANE B BURKE TRUSTEE 1.0 0.0 X 0 0 0 JANE E NEWSOME TRUSTEE 1.0 0.0 X 0 0 0 JESSE E VAUGHAN TRUSTEE 1.0 0.0 X 0 0 0 JESSICA K DRAKE TRUSTEE 1.0 0.0 X 0 0 0 JULIAN R MILLS SR TRUSTEE 1.0 0.0 X 0 0 0 JULIUS SMITH TRUSTEE 1.0 0.0 X 0 0 0 LINDA B WEAVER TRUSTEE 1.0 0.0 X 0 0 0 LISA L TURNER TRUSTEE 1.0 0.0 X 0 0 0 LLOYD L HILL TRUSTEE 1.0 0.0 X 0 0 0 LYNETTE BUNCH TRUSTEE 1.0 0.0 X 0 0 0 MARY ANNE CROOM TRUSTEE 1.0 0.0 X 0 0 0 MILEY W GLOVER TRUSTEE 1.0 0.0 X 0 0 0 MILTON OUTTEN TRUSTEE 1.0 0.0 X 0 0 0 RAY FELTON TRUSTEE 1.0 0.0 X 0 0 0 ROBBIE PARKER TRUSTEE 1.0 0.0 X 0 0 0 RONALD L HICKS TRUSTEE 1.0 0.0 X 0 0 0 SHIRLEY B BROWN TRUSTEE 1.0 0.0 X 0 0 0 STANLEY E DIXON JR TRUSTEE 1.0 0.0 X 0 0 0 W FRANK ROSE JR TRUSTEE 1.0 0.0 X 0 0 0 WALTER F PIERCE TRUSTEE 1.0 0.0 X 0 0 0 CALEB RIGGLEMAN Vice President for Business Affairs/Corporate Secretary 40.0 0.0 X 108591 0 15591 CHARLES E TAYLOR JR Interim President 40.0 0.0 X 37500 0 0 CHARLES L REVELLE III GENERAL COUNSEL 5.0 0.0 X 0 0 0 DANNY B MOORE VP FOR ACAD. AFFAIRS, PROVOST 40.0 0.0 X 134504 0 6300 DONNIE O CLARY INTERIM VP FOR BUSINESS AFFAIR 40.0 0.0 X 36510 0 3600 ELIZABETH HEDRICK AVP FOR HUMAN RESOURCES/RECORDING SECRETARY 40.0 0.0 X 118818 0 28728 ROSEMARY M THOMAS PRESIDENT 40.0 0.0 X 213710 0 7326 STEPHANIE FURLOUGH AVP FOR BUSINESS/ASST CORP SEC 40.0 0.0 X 71141 0 21329 BRENDA TINKHAM DEPT. CHAIR OF TEACHER EDU. 40.0 0.0 X 105982 0 0 JOHN DILUSTRO Vice President for Academic Affairs 40.0 0.0 X 134156 0 17311 Kyle Johnson Director of Information Technology 40.0 0.0 X 111400 0 11692 Shelley Greene Vice President for Enrollment & Advancement 40.0 0.0 X 130224 0 19152 KIRK E PETERSON FORMER PRESIDENT 0.0 0.0 X 109375 0 0 1311911 0 131029 9 true true false PIONEER COLLEGE CATERERS INC 303 GLENROSE AVENUE NASHVILLE TN 372104831 FOOD SERVICE 1621289 HEALTHGRAM INC PO BOX 11088 Charlotte NC 282201088 Health Insurance 806983 DOMINION ENERGY NORTH CAROLINA PO BOX 26543 RICHMOND VA 232900001 UTILITY 773925 FOLLETT CAMPUS RESOURCES PO BOX 96773 CHICAGO IL 606936773 BOOKSTORE OPERATIONS 748536 ARAMARK CORPORATION 24818 NETWORK PLACE CHICAGO IL 606731248 CUSTODIAL 639523 24 171820 3965954 4137774 TUITION & FEES 611710 16005410 16005410 AUXILIARY ENTERPRISES 611710 5756999 5756999 0 0 0 0 21762409 649806 649806 0 0 44818441 44168634 649807 0 649807 649807 MISCELLANEOUS 900099 245355 245355 0 0 0 0 245355 27445151 21762409 0 1544968 X 0 0 10131978 10131978 0 0 0 0 855976 0 855976 0 0 0 0 0 7455428 6074256 898020 483152 -60875 0 -60875 0 1324863 958079 308058 58726 598416 460175 110035 28206 0 0 0 0 85205 0 85205 0 105496 0 105496 0 0 0 0 0 0 0 80490 0 80490 0 4006459 3151209 629625 225625 72099 0 100 71999 176225 77155 82349 16721 64999 0 64999 0 0 0 0 0 1026658 934112 92546 0 883656 874274 5502 3880 0 0 0 0 11829 10569 1260 0 251849 240818 11031 0 0 0 0 0 2563411 2451134 112277 0 779525 104138 675387 0 REPAIRS & MAINTENANCE 705042 615216 72226 17600 OTHER EXPENSES 472247 342717 128535 995 SUPPLIES 68188 24390 43798 0 BAD DEBT 47544 47544 0 0 -12602 -11507 -12972 11877 31694106 26486257 4289068 918781 412945 1026971 5656455 7126660 2006125 1602655 488819 681225 0 0 0 0 0 0 169158 178990 589784 719725 100140461 55550640 44973775 44589821 29429419 24467481 1775128 1545683 0 0 0 178154 0 85679762 81939211 1704998 1455617 0 0 230580 242965 0 0 0 0 0 0 6923065 6395520 0 0 0 101077 8858643 8195179 X 43677583 43849197 33143536 29894835 0 0 0 0 0 0 76821119 73744032 85679762 81939211 X -4248955 1401313 0 0 0 -229445 X X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 946396 X X false 30214179 191807 2501018 8330128 80490 24496386 26680590 1150203 3803084 1332431 87267 30214179 27720520 283638 144643 1385166 83045 26680590 33191264 570871 -4418936 1530500 92179 27720520 27186001 535374 6763011 1208500 84622 33191264 0.0 0.9982 0.0018 true false 3743539 10801895 14545434 59783088 32560101 27222987 17748196 15833033 1915163 8063743 7157506 906237 44589821 Federal Income Taxes Other Liabilities 101077 101077 X 18404551 1401313 0 0 -229445 1171868 17232683 80490 10131978 10212468 27445151 21481638 0 0 0 0 0 21481638 80490 10131978 10212468 31694106 Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S COLLECTIBLES CONSIST PRIMARILY OF PAINTINGS, JEWELRY AND FURNITURE ARE AVAILABLE FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. Schedule D, Part V, Line 4 Intended uses of endowment funds EARNINGS FROM THE ENDOWMENT FUNDS ARE AVAILABLE FOR THE PURPOSE SPECIFIED IN THE DONOR'S AGREEMENT, PRIMARILY SCHOLARSHIP ALLOWANCES TO STUDENTS AND SUPPORT TO UNIVERSITY PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University has a tax determination letter from the Internal Revenue Service stating that it qualifies under the provision of the applicable Internal Revenue Code and is exempt from federal income taxes. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the Income Taxes Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Split Interest Agreement - -229445 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarship Allowance - 10131978 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarship Allowance - 10131978 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE FOLLOWING IS PUBLISHED IN THE UNIVERSITY CATALOG AND IS REFLECTED ON THE UNIVERSITY'S WEBSITE: CHOWAN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, SEX, DISABILITY, GENETIC INFORMATION, OR AGE IN ITS PROGRAMS AND ACTIVITIES. THE FOLLOWING IS REFLECTED ON THE ADMISSIONS WEBPAGE: CHOWAN UNIVERSITY IS COMMITTED TO ITS RESPONSIBILITY AS A LIBERAL ARTS UNIVERSITY WITHIN THE CONTEXT OF THE CHRISTIAN FAITH. IT SEEKS TO ENROLL STUDENTS FROM A VARIETY OF RACIAL, ECONOMIC, SOCIAL, RELIGIOUS, AND GEOGRAPHIC BACKGROUNDS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT CHOWAN UNIVERSITY RECEIVES FEDERAL AND STATE GRANTS FOR STUDENT SCHOLARSHIP ASSISTANCE. true INSTITUTIONAL SCHOLARSHIPS 635 9866459 FEDERAL GRANTS (FSEOG) 97 265519 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds STUDENTS ARE REQUIRED TO COMPLETE A FAFSA TO BE CONSIDERED FOR STATE AND FEDERAL AWARDS. APPLICABLE FEDERAL AND STATE GUIDELINES, THE STUDENT'S ACADEMIC CREDENTIALS, AND FINANCIAL NEED DETERMINE A STUDENT'S ELIGIBILITY FOR SCHOLARSHIPS. STUDENTS ARE APPROPRIATELY AWARDED SCHOLARSHIPS OR GRANTS BY THE FINANCIAL AID OFFICE AND THE AWARDS ARE TRANSFERRED TO THE STUDENTS' ACCOUNTS IN THE BUSINESS OFFICE. ALL SCHOLARSHIP AND GRANT FUNDS ARE RECONCILED EACH SEMESTER AND REPORTED TO THE APPROPRIATE AUTHORITIES OR AGENCIES. FUNDS ARE ALSO AUDITED ANNUALLY. X X true true X X X true false false false false false false false false KIRK E PETERSON FORMER PRESIDENT 0 0 0 0 109375 0 0 0 0 0 109375 0 0 0 ROSEMARY M THOMAS PRESIDENT 213710 0 0 0 0 0 0 0 7326 0 221036 0 0 0 JOHN DILUSTRO Vice President for Academic Affairs 134156 0 0 0 0 0 0 0 17311 0 151467 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY PROVIDES HOUSING ON PREMISES FOR ITS PRESIDENT AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE PRESIDENT IS REQUIRED TO ACCEPT THE LODGING IN ORDER TO PROPERLY PERFORM THE DUTIES OF HIS OR HER EMPLOYMENT. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME. Schedule J, Part I, Line 1a Health or social club dues or initiation fees IN ADDITION, THE UNIVERSITY PROVIDES MEMBERSHIP TO A LOCAL CLUB FOR THE PRESIDENT PRIMARILY FOR MARKETING AND FUNDRAISING PURPOSES. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FORMER PRESIDENT WAS PAID SEVERANCE OF $109,375 DURING CALENDAR YEAR 2024. BOYETTE & ROBERTSON INSURANCE TRUSTEE 246041 INSURANCE POLICIES false Schedule L, Part IV, Column (d) DESCRIPTION OF TRANSACTION ENTITY - PERSON: BOYETTE & ROBERTSON INSURANCE AGENCY - WALT PIERCE (D) DESCRIPTION OF TRANSACTION: INSURANCE POLICY: WALT PIERCE IS A TRUSTEE WHO IS PART OWNER OF BOYETTE & ROBERTSON INSURANCE AGENCY WHICH PROVIDED INSURANCE SERVICES IN THE AMOUNT OF $246,041. TRUSTEES ARE COVERED BY THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. THE UNIVERSITY BELIEVES ALL PAYMENTS ARE AT MARKET VALUE. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons TRUSTEES BARRY E. WHITAKER AND GARRY WHITAKER - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT BEFORE FINALIZING THE RETURN. THE FINALIZED COPY OF THE FORM 990, WITH NAMES AND ADDRESSES REDACTED ON SCHEDULE B, WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH EMAIL, HARD COPY, OR POSTING ON THE UNIVERSITY WEBSITE, RESTRICTED TO TRUSTEE USE. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY DISTRIBUTES A COPY OF THE CONFLICT OF INTEREST POLICY, AS STATED IN THE UNIVERSITY'S BYLAWS, TO THE BOARD OF TRUSTEES AND ADMINISTRATIVE OFFICERS. THE TRUSTEES ARE ASKED ANNUALLY TO SIGN A FORM CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND AGREE TO DISCLOSE ANY ACTIVITIES, INTERESTS OR RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT IS EVALUATED ANNUALLY BY THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE BYLAWS OF THE UNIVERSITY. UPON THIS REVIEW AND IN ALIGNMENT WITH THE FISCAL CONSTRAINTS OF THE UNIVERSITY AND UNIVERSITY BYLAWS, THE BOARD RECOMMENDS THE COMPENSATION STRUCTURE FOR THE PRESIDENT MOVING FORWARD. ANY CHANGES TO THE PRESIDENT'S COMPENSATION STRUCTURE MUST BE VOTED ON AND RATIFIED BY THE FULL BOARD OF TRUSTEES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS ANNUALLY TO EVALUATE THE PERFORMANCE OF TOP MANAGEMENT OFFICIALS, INCLUDING OFFICERS AND KEY EMPLOYEES. DURING THIS EVALUATION PROCESS, THE COMMITTEE COMPLETES QUESTIONNAIRES AND RATINGS OF THE PRESIDENT IN VARIOUS AREAS. THE COMMITTEE REVIEWS STATISTICAL AND COMPARATIVE SALARY INFORMATION PROVIDED BY THE NORTH CAROLINA ASSOCIATIONS OF INDEPENDENT COLLEGES AND UNIVERSITIES FOR PRIVATE HIGHER EDUCATION MANAGEMENT AND OFFICERS IN NORTH CAROLINA. THE EXECUTIVE COMMITTEE THEN RECOMMENDS THE PRESIDENT'S SALARY FOR THE UPCOMING FISCAL YEAR, SUBJECT TO APPROVAL OF THE PRESIDENT'S CONTRACT BY THE FULL BOARD OF TRUSTEES. THE COMMITTEE REVIEWS SALARY RECOMMENDATIONS FOR THE SENIOR ADMINISTRATIVE STAFF, WHICH ARE APPROVED BY THE BOARD DURING THE BUDGET PROCESS. Form 990, Part VI, Line 19 Required documents available to the public REQUESTS MADE IN PERSON WILL BE MADE AVAILABLE WITHIN FIVE BUSINESS DAYS. REQUESTS MADE IN WRITING WILL BE MADE AVAILABLE WITHIN 30 DAYS. DOCUMENTS ARE MADE AVAILABLE FOR THE PERIOD OF TIME SET FORTH IN 6104(D). Form 990, Part IX, Line 11g Other Fees FOOD SERVICE - Total Expense: 1537496, Program Service Expense: 1520922, Management and General Expenses: 8474, Fundraising Expenses: 8100; CUSTODIAL SERVICES - Total Expense: 652371, Program Service Expense: 652371, Management and General Expenses: 0, Fundraising Expenses: 0; MARKETING/RECRUITING SERVICES - Total Expense: 655846, Program Service Expense: 579306, Management and General Expenses: 0, Fundraising Expenses: 76540; IT - MA - Total Expense: 462863, Program Service Expense: 0, Management and General Expenses: 462863, Fundraising Expenses: 0; ATHLETIC SUPPORT - Total Expense: 203956, Program Service Expense: 203956, Management and General Expenses: 0, Fundraising Expenses: 0; CREDIT CARD SERVICES - Total Expense: 112696, Program Service Expense: 1095, Management and General Expenses: 111601, Fundraising Expenses: 0; MAINTENANCE CONTRACTS - Total Expense: 107410, Program Service Expense: 107410, Management and General Expenses: 0, Fundraising Expenses: 0; FUNDRAISING SERVICES - Total Expense: 140985, Program Service Expense: 0, Management and General Expenses: 0, Fundraising Expenses: 140985; ACADEMIC & TITLE IX SERVICES - Total Expense: 41410, Program Service Expense: 0, Management and General Expenses: 41410, Fundraising Expenses: 0; HEALTH SERVICES - Total Expense: 38469, Program Service Expense: 38469, Management and General Expenses: 0, Fundraising Expenses: 0; SECURITY SERVICES - Total Expense: 250, Program Service Expense: 0, Management and General Expenses: 250, Fundraising Expenses: 0; MISCELLANEOUS - Total Expense: 52707, Program Service Expense: 47680, Management and General Expenses: 5027, Fundraising Expenses: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN SPLIT INTEREST AGREEMENT - -229445; Total - -229445; Form 990, Part XII, Line 2c Change of oversight process or selection process THE BUSINESS AFFAIRS COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE UNIVERSITY'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.