2026-04-29T12:33:54+00:00 2025-06-30 135381590 BDO USA 421 FAYETTEVILLE ST STE 300 RALEIGH NC 276011776 990 2024-07-01 520705392 STEVENSON UNIVERSITY STEV 4104867000 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 ELLIOT L HIRSHMAN PRESIDENT 4104867000 2026-04-29 true SANDRA L FEINSMITH P01064157 9197549370 2026-04-29 2024 2025-03-06 01:10:19Z ELLIOT L HIRSHMAN 1525 GREENSPRING VALLEY ROAD STEVENSON MD 21153 214230574 false X WWW.STEVENSON.EDU X 1947 MD THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS DOCTORATE, MASTER'S, AND BACHELOR'S DEGREES, AS WELL AS CERTIFICATES, TO APPROX. 3,200 FULL TIME EQUIV STUDENTS. 28 28 1607 125 3943 0 20136032 27250399 138662790 145773070 10484480 13496455 911433 1207798 170194735 187727722 70519093 73967330 0 0 47560150 49141374 3819 0 984669 49549733 48514714 167632795 171623418 2561940 16104304 348084367 362650459 167402080 166659642 180682287 195990817 THE UNIVERSITY IS AN INNOVATIVE, COEDUCATIONAL, INDEPENDENT INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE STUDENTS A CAREER-FOCUSED EDUCATION MARKED BY INDIVIDUALIZED ATTENTION, CIVILITY, AND RESPECT FOR DIFFERENCE. THE UNIVERSITY BLENDS THE LIBERAL ARTS WITH CAREER EXPLORATION AND PLANNING, COMPLEMENTING A TRADITIONAL EDUCATION WITH APPLIED LEARNING BEYOND THE CLASSROOM. THE UNIVERSITY MEETS STUDENTS WHERE THEY ARE AND SUPPORTS AND CHALLENGES THEM TO BECOME REFLECTIVE AND ACCOMPLISHED INDIVIDUALS COMMITTED TO A LIFETIME OF LEARNING AND CONTRIBUTION. STUDENTS GRADUATE WITH THE COMPETENCE AND CONFIDENCE NEEDED TO ADDRESS CREATIVELY THE OPPORTUNITIES AND PROBLEMS FACING THEIR COMMUNITIES, THE NATION AND THE WORLD. false false 78473958 0 145773070 STEVENSON UNIVERSITY IS A FOUR YEAR UNIVERSITY PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,805 FULL TIME, 301 PART TIME AND 578 GRADUATE STUDENTS. 73967330 73967330 0 THE NUMBER OF STUDENTS RECEIVING GRANTS IS AS FOLLOWS: PELL 1,212, SEOG 167, WORK STUDY 141, FEDERAL DIRECT SUB 1,177, FEDERAL DIRECT UNSUB 1,828, PARENT LOANS 614, AND STEVENSON GRANTS AND SCHOLARSHIPS 2,946. 152441288 true false false true false false false true false true true false false false true true false true true false true false true false true false false false true true true false false false false false false false false false false true false false false true false false false false false true 5090 0 true 1607 true true true false false false false false false false false false false false X 28 28 false false false false false false false true true false false false true true true true true false true true false false MD X MARY BETH SCHWENKE 4433342050 1525 GREENSPRING VALLEY ROAD STEVENSON MD 21153 DONNA L KAHOE SECRETARY (AS OF 6/25) 1.0 0.0 X X 0 0 0 PAUL MARK SANDLER ESQ SECRETARY (THRU 5/25) 1.0 0.0 X X 0 0 0 ROBERT C BRENNAN TREASURER 1.0 0.0 X X 0 0 0 ANNA L SMITH TRUSTEE 1.0 0.0 X 0 0 0 ARTHUR F BELL JR CPA TRUSTEE 1.0 0.0 X 0 0 0 BARBARA M BOZZUTO TRUSTEE 1.0 0.0 X 0 0 0 BLAIRE AULL MILLER TRUSTEE EX OFFICIO (THRU 5/25) 1.0 0.0 X 0 0 0 BRENDA BOWE JOHNSON PHD TRUSTEE 1.0 0.0 X 0 0 0 CANDACE OSUNSADE TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER TSAKALOS TRUSTEE 1.0 0.0 X 0 0 0 DAVID A BURROWS JR TRUSTEE 1.0 0.0 X 0 0 0 ERIC D BROTMAN CFP TRUSTEE 1.0 0.0 X 0 0 0 JAMES B STRADTNER CFA TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER WARD REYNOLDS CFA TRUSTEE 1.0 0.0 X 0 0 0 JUDITH S WARANCH ESQ TRUSTEE 1.0 0.0 X 0 0 0 JUSTIN TOWLES TRUSTEE 1.0 0.0 X 0 0 0 JW THOMPSON WEBB TRUSTEE 1.0 0.0 X 0 0 0 KAREN P GIBBS TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN SHER TRUSTEE 1.0 0.0 X 0 0 0 MARGARET SHEETZ TRUSTEE 1.0 0.0 X 0 0 0 MEREDITH A MOWEN TRUSTEE 1.0 0.0 X 0 0 0 NANCY C HUBBLE TRUSTEE 1.0 0.0 X 0 0 0 ORSIA FOUDOS YOUNG ESQ TRUSTEE 1.0 0.0 X 0 0 0 ROBERT D BIAGIOTTI PE TRUSTEE 1.0 0.0 X 0 0 0 SAMUEL M DELL III TRUSTEE 1.0 0.0 X 0 0 0 SANDRA R BERMAN TRUSTEE 1.0 0.0 X 0 0 0 SCOTT E DORSEY TRUSTEE 1.0 0.0 X 0 0 0 SEAN A ISAAC MD TRUSTEE (THRU 5/25) 1.0 0.0 X 0 0 0 T SCOTT PUGATCH CHAIR 1.0 0.0 X 0 0 0 TIMOTHY L KRONGARD TRUSTEE 1.0 0.0 X 0 0 0 VANESSA ELUMA TRUSTEE 1.0 0.0 X 0 0 0 Elliot L Hirshman PRESIDENT 40.0 0.0 X 622888 0 124890 Mary Elizabeth Schiller-Schwenke CHIEF FINANCIAL OFFICER 40.0 0.0 X 152990 0 27669 Melanie Edmondson VP OF ADMIN & FINANCE, CFO 40.0 0.0 X 231709 0 16086 Andre Williams VP STUDENT AFFAIRS 40.0 0.0 X 185801 0 25144 Christopher Vaughan VP UNIVERSITY ADVANCEMENT 40.0 0.0 X 265469 0 18187 David Jordan VP HUMAN RESOURCES 40.0 0.0 X 190194 0 13768 James Mustard VP ADMIN AND FACILITIES 40.0 0.0 X 160385 0 28451 John Bantillo CIO 40.0 0.0 X 166820 0 13242 Mark Hergan VP ENROLLMENT MANAGEMENT 40.0 0.0 X 254516 0 37500 Meredith Durmowicz EVP OF ACADEMIC AFFAIR/PROVOS 40.0 0.0 X 169513 0 33816 Susan Gorman EVP OF ACADEMIC AFFAIR/PROVOS 40.0 0.0 X 273822 0 35753 Amanda Hostalka DEAN SODAC/VICE PROVOST OUTREA 40.0 0.0 X 162721 0 12294 Antionette Marbray VP LEGAL AFFAIRS & GOVT RELATIONS 40.0 0.0 X 231204 0 19445 Ellen Roskes DEAN SCHOOL OF SCIENCES 40.0 0.0 X 161539 0 12260 John Buettner VP MARKETING & DIGITAL COMM 40.0 0.0 X 202347 0 14484 Virginia Iannone SR ASSOCIATE VP ACADEMIC AFFAIRS 40.0 0.0 X 148143 0 19925 3580061 0 452914 63 false true false SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICE 8385611 DAVID S BROWN ENTERPRISES 100 PAINTERS MILL ROAD OWINGS MILLS MD 21117 GENERAL CONTRACTOR 7223468 PROFESSIONAL MAINTENANCE MANAGEMENT 15938 DERWOOD ROAD ROCKVILLE MD 21117 CLEANING SERVICE 2336232 ALPHA LANDSCAPE CONTRACTING LLC 2823 FLINTSTONE ROAD MILLERS MD 21102 GROUND REPAIRS 2169035 CAPTURE LLC 2303 River Rd Suite 201 Louisville KY 40206 Marketing & Recruitment Solutions 1042263 42 0 0 22850 0 24267020 2960529 98931 27250399 TUITION AND FEES 900099 117610844 117610844 STUDENT HOUSING 611710 17884729 17884729 FOOD SERVICE 611710 9051831 9051831 BOOKSTORE 451211 1013272 1013272 ATHLETICS 531120 174261 174261 38133 38133 0 0 145773070 4464497 1030 4463467 1658984 458661 1200323 0 1200323 1200323 35055216 0 25953251 70007 9101965 -70007 9031958 2913 9029045 28408 22850 20933 7475 7475 0 0 0 0 0 187727722 145773070 3943 14700310 0 0 72479850 72479850 1487480 1487480 0 0 3153146 1159799 1692472 300875 0 0 0 0 37313837 32690522 4173214 450101 1689909 1441732 223320 24857 4342647 2461856 1838971 41820 2641835 2319699 290643 31493 0 0 0 0 146047 10000 136047 0 125774 0 125774 0 0 0 0 0 0 0 336913 0 336913 0 0 0 0 0 1500099 98842 1401257 0 2211861 2087553 119068 5240 3305508 1053618 2187538 64352 0 0 0 0 8424519 8296781 127738 0 8300531 8272278 19229 9024 0 0 0 0 140883 124796 16087 0 4980065 3884565 1095500 0 0 0 0 0 8491078 6620127 1870951 0 848123 513351 334772 0 ATHLETIC FEES/OFFICIALS/OTHER 1093865 1080879 12986 0 EQUIPMENT RENTAL AND MAINTENANCE 2366670 2245517 120213 940 PAYROLL/BANK FEES/INVESTMENT EXPENSE 1535922 0 1535922 0 MERCHANDISE FOR RESALE 1490865 1490110 0 755 3215991 2621933 538846 55212 171623418 152441288 18197461 984669 3201769 3200448 1147116 722266 4238130 2822400 2001234 1107908 0 0 0 0 0 0 0 0 2552555 3328087 355465834 131903429 213046913 223562405 91332678 100534213 13322190 13650091 0 0 0 17241782 13722641 348084367 362650459 6314799 7609468 0 0 3199893 3893652 139215929 138839777 0 0 0 0 18330448 15870000 0 0 341011 446745 167402080 166659642 X 141672314 146619551 39009973 49371266 180682287 195990817 348084367 362650459 X 16104304 -690040 -105734 X false true true true true X 23241194 30353977 24258331 20136032 27250399 125239933 0 0 23241194 30353977 24258331 20136032 27250399 125239933 0 125239933 3516417 3865612 3416750 3951439 6123481 20873699 0 0 0 0 0 0 0 146113632 660565842 0.85714 0.86071 X false false false false false false false false true 60000 60000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY STEVENSON UNIVERSITY UTILIZES TIMOTHY M. PERRY OF PERRY JACOBSON AS COUNSEL FOR THE UNIVERSITY REGARDING THE ACQUISITION AND FUTURE ACQUISITION OF STATE OWNED PROPERTY ON THE ROSEWOOD CAMPUS AND AS COUNSEL FOR THE POTENTIAL SALE OF PROPERTY TO THE COUNTY. THE UNIVERSITY PAID $60,000 FOR THESE SERVICES IN THE CURRENT YEAR. X false 104378735 1783143 12375915 844135 3577383 336913 113779362 106097046 148186 8206844 815397 8835600 422344 104378735 103541347 265154 10327546 991612 6601030 444359 106097046 126472667 1451943 -19713379 705990 3488024 475870 103541347 104505779 224036 27823383 638877 4997294 444360 126472667 0.7144 0.1232 0.1624 false false 78639865 78639865 205428801 86563336 118865465 52146474 45340093 6806381 19250694 19250694 223562405 Federal Income Taxes SWAP LIABILITY 446745 446745 X 113179733 -690040 -105734 -795774 113975507 336913 73415302 73752215 187727722 97871203 0 0 97871203 336913 73415302 73752215 171623418 Schedule D, Part III, Line 4 Collections of art - description of collections STEVENSON HOLDS A COLLECTION OF SCULPTURES AND A COLLECTION OF CIVIL WAR MEMORABILIA THAT FURTHERS RESEARCH, STUDY AND PROMOTES LEARNING IN THE ARTS AND PUBLIC HISTORY. Schedule D, Part V, Line 4 Intended uses of endowment funds INTENDED USES OF ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 87 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote INCOME TAX STATUS AS AN EDUCATIONAL INSTITUTION MEETING THE REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE UNIVERSITY IS EXEMPT FROM INCOME TAXES ON INCOME, AS PROVIDED IN SECTION 501(A), EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR 2025 AND 2024. MANAGEMENT HAS ANALYZED ITS TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF SWAP AGREEMENTS - -105734 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Financial Aid - 73967330 Rental Expenses - -458661 Fundraising Expenses - -20933 LOSS ON DISPOSAL OF ASSETS - -72434 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Financial Aid - 73967330 Rental Expenses - -458661 Fundraising Expenses - -20933 LOSS ON DISPOSAL OF ASSETS - -72434 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 UNIVERSITY'S RACIALLY NON DISCRIMINATORY POLICY IS PUBLICIZED ON RECRUITMENT MATERIALS AND ON THE UNIVERSITY'S PUBLIC WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT STEVENSON UNIVERSITY PARTICIPATES IN SEVERAL FINANCIAL AID PROGRAMS ADMINISTERED BY THE US DEPARTMENT OF EDUCATION AND BY THE STATE OF MARYLAND. true Central America and the Caribbean 0 0 Investments 4390405 Sub-Saharan Africa 0 0 Grantmaking 504085 North America (Canada & Mexico only) 0 0 Grantmaking 317800 Central America and the Caribbean 0 0 Grantmaking 282244 South America 0 0 Grantmaking 96950 South Asia 0 0 Grantmaking 85534 Europe (Including Iceland and Greenland) 0 0 Grantmaking 81713 Middle East and North Africa 0 0 Grantmaking 66104 East Asia and the Pacific 0 0 Grantmaking 37900 Russia and Neighboring States 0 0 Grantmaking 15150 0 0 0 0 0 0 5877885 0 5877885 Student Financial Aid Sub-Saharan Africa 25 504085 Student Financial Aid North America (Canada & Mexico only) 13 317800 Student Financial Aid Central America and the Caribbean 12 282244 Student Financial Aid South America 4 96950 Student Financial Aid South Asia 3 85534 Student Financial Aid Europe (Including Iceland and Greenland) 6 81713 Student Financial Aid Middle East and North Africa 4 66104 Student Financial Aid East Asia and the Pacific 2 37900 Student Financial Aid Russia and Neighboring States 1 15150 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. ROUGHLY 85 PERCENT OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANTS, WHICH ARE DETERMINED BASED ON THE STUDENTS' FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual MLAX Golf Tournament 31173 13050 18123 620 6149 1684 2777 Homecoming Golf Tournament 20085 9800 10285 500 5027 4176 0 0 51258 22850 28408 1120 11176 5860 2777 20933 7475 true Student Financial Aid 2876 72479850 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE UNIVERSITY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS, GENERALLY IN A "PACKAGE" THAT INCLUDES LOANS, COMPENSATION UNDER WORK-STUDY PROGRAMS, AND/OR GRANT AND SCHOLARSHIP AWARDS. THE LOANS ARE PROVIDED PRIMARILY THROUGH PROGRAMS OF THE UNITED STATES GOVERNMENT (INCLUDING DIRECT AND GUARANTEED LOAN PROGRAMS) UNDER WHICH THE UNIVERSITY IS RESPONSIBLE ONLY FOR CERTAIN ADMINISTRATIVE DUTIES. THE GRANTS AND SCHOLARSHIPS INCLUDE AWARDS PROVIDED THROUGH GIFTS AND GRANTS FROM PRIVATE DONORS OR FROM INCOME EARNED ON ENDOWMENT FUNDS RESTRICTED FOR STUDENT AID, AS WELL AS GENERAL FUNDS SCHOLARSHIP AWARDS. NEARLY ALL OF STEVENSON UNIVERSITY STUDENTS RECEIVE SOME SORT OF FINANCIAL AID. ALL INDIVIDUALS RECEIVING DISBURSEMENTS FROM STEVENSON UNIVERSITY QUALIFY TO RECEIVE SUCH PAYMENTS BASED ON SCHOLASTIC ACHIEVEMENT AND/OR FINANCIAL NEED. THE UNIVERSITY PROVIDES NEED-BASED GRANTS, WHICH ARE DETERMINED BASED ON THE STUDENT'S FAFSA SCORE. THE STUDENT MUST MAINTAIN A GPA OF 2.0 OR GREATER AND BE A FULL-TIME STUDENT. DISBURSEMENTS TAKE THE FORM OF SCHOLARSHIP OR GRANTS. GRANTS ARE DISBURSED BASED ON THE GUIDELINES SET FORTH BY THE PARTY FUNDING THE GRANT. X true true X X X X X X false true false true false false false false false Melanie Edmondson VP OF ADMIN & FINANCE, CFO 216709 0 15000 0 0 0 15964 0 122 0 247795 0 0 0 Elliot L Hirshman PRESIDENT 512888 0 75000 0 35000 0 124750 0 140 0 747778 0 0 0 Mary Elizabeth Schiller-Schwenke CHIEF FINANCIAL OFFICER 152990 0 0 0 0 0 12134 0 15535 0 180659 0 0 0 John Bantillo CIO 166820 0 0 0 0 0 12546 0 696 0 180062 0 0 0 Meredith Durmowicz EVP OF ACADEMIC AFFAIR/PROVOS 169513 0 0 0 0 0 13770 0 20046 0 203329 0 0 0 Susan Gorman EVP OF ACADEMIC AFFAIR/PROVOS 258822 0 15000 0 0 0 20218 0 15535 0 309575 0 0 0 Mark Hergan VP ENROLLMENT MANAGEMENT 220771 0 33745 0 0 0 17454 0 20046 0 292016 0 0 0 David Jordan VP HUMAN RESOURCES 182694 0 7500 0 0 0 13628 0 140 0 203962 0 0 0 James Mustard VP ADMIN AND FACILITIES 160385 0 0 0 0 0 12919 0 15532 0 188836 0 0 0 Christopher Vaughan VP UNIVERSITY ADVANCEMENT 241407 0 24062 0 0 0 18047 0 140 0 283656 0 0 0 Andre Williams VP STUDENT AFFAIRS 173301 0 12500 0 0 0 5508 0 19636 0 210945 0 0 0 John Buettner VP MARKETING & DIGITAL COMM 192347 0 10000 0 0 0 14344 0 140 0 216831 0 0 0 Amanda Hostalka DEAN SODAC/VICE PROVOST OUTREA 162721 0 0 0 0 0 12154 0 140 0 175015 0 0 0 Virginia Iannone SR ASSOCIATE VP ACADEMIC AFFAIRS 148143 0 0 0 0 0 11250 0 8675 0 168068 0 0 0 Antionette Marbray VP LEGAL AFFAIRS & GOVT RELATIONS 216204 0 15000 0 0 0 6698 0 12747 0 250649 0 0 0 Ellen Roskes DEAN SCHOOL OF SCIENCES 161539 0 0 0 0 0 12120 0 140 0 173799 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use DR. ELLIOT HIRSHMAN PURCHASED HIS OWN RESIDENCE BUT RECEIVED A HOUSING ALLOWANCE OF $35,000 THIS YEAR FROM THE UNIVERSITY. THIS AMOUNT IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J AND PART VII. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ELLIOT HIRSHMAN IS ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) SPONSORED BY THE UNIVERSITY. DEFERRED COMPENSATION EARNED UNDER THIS PLAN IS REPORTED ON SCHEDULE J, PART I, COLUMN C ALONG WITH THE 403(B) PLAN INSTITUTIONAL PAYMENTS. SERP CONTRIBUTIONS WERE AS FOLLOWS: ELLIOT HIRSHMAN $100,000 Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization CHRISTOPHER VAUGHAN, VP UNIVERSITY ADVANCEMENT RECEIVED A BONUS BASED ON FUNDRAISING OUTCOMES. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU 520936091 57421CCL6 2021-01-28 142606548 REFINANCE AND FUND NEW CONSTRUCTION false false false B MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU 520936091 000000000 2024-05-01 10000000 FINANCE CONSTRUCTION OF A PERFORMING ARTS CENTER false false false A 143058673 7867784 11998 1255283 160203 14195950 119648846 2024 true false true true B 10436478 4682833 5753645 false false false true A false false true true false false 0.018 0.0 0.018 false false 0 false true B false false true true false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false true false false false true EAGLEBANK 15.0 true false false 0 false false true A true B true Schedule K, Part II, Line 3 COLUMN A AND B PROCEEDS INCLUDE INVESTMENT EARNINGS AND DIFFER FROM ISSUE PRICE FOR THIS AMOUNT Schedule K, Part II, Line 11 COLUMN A OTHER SPENT PROCEEDS INCLUDE REFUNDING PROCEEDS Schedule K, Part IV, Line 2c COLUMN A Issuer name: MARYLAND HEALTH AND HIGHER EDUCATION FACILITIES AU The calculation for computing no rebate due was performed on 07/01/2025 9 95190 Market value X Technological Equipment 7 1605 Market value X Projector 1 2136 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Other - Technological Equipment Number of items received Other - Projector Number of items received Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 INFORMATION IS COMPILED BY THE UNIVERSITY'S FINANCE OFFICE AND REVIEWED BY THE INDEPENDENT ACCOUNTING FIRM. THE DRAFT RETURN IS THEN PRESENTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF EIGHT MEMBERS SELECTED FROM THE UNIVERSITY'S CURRENT BOARD OF TRUSTEES AND THE PRESIDENT. A COMPLETE COPY OF THE FORM 990 IS THEN EMAILED TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA A PASSWORD PROTECTED DOCUMENT. THE COMMITTEE MEMBERS ARE ENCOURAGED TO REVIEW AND COMMENT ON THE DOCUMENT PRIOR TO ITS FILING. Form 990, Part VI, Line 12c Conflict of interest policy IT IS THE POLICY OF STEVENSON UNIVERSITY THAT THE MEMBERS OF ITS BOARD OF TRUSTEES AVOID ETHICAL, LEGAL, FINANCIAL AND OTHER CONFLICTS OF INTEREST AND TO ENSURE THAT THEIR ACTIVITIES AND INTERESTS DO NOT CONFLICT WITH THEIR OBLIGATIONS TO THE UNIVERSITY AND ITS WELFARE. THIS POLICY COVERS MATTERS RELATING TO THE BOARD MEMBER OR ANY RELATED PERSON. A RELATED PERSON IS DEFINED AS A MEMBER OF THE IMMEDIATE FAMILY OF THE BOARD MEMBER, ANY ENTITY OF WHICH THE BOARD MEMBER IS AN OFFICER, DIRECTOR OR TRUSTEE OR WITH RESPECT TO WHICH THE BOARD MEMBER HOLDS A SIMILAR POSITION, ANY ENTITY IN WHICH THE BOARD MEMBER HAS A MATERIAL FINANCIAL INTEREST; AND ANY OTHER PERSON OR ENTITY WITH WHOM THE BOARD MEMBER HAS A PERSONAL RELATIONSHIP THAT MIGHT REASONABLY BE EXPECTED TO AFFECT THE BOARD MEMBER'S JUDGMENT IN THE PARTICULAR MATTER. ON AN ANNUAL BASIS EACH MEMBER OF THE BOARD OF TRUSTEES WILL SUBMIT TO THE GOVERNANCE COMMITTEE, AN ANNUAL SIGNED CONFLICT OF INTEREST REPORT. IF DURING THE COURSE OF THE YEAR, AN ACTUAL OR POTENTIAL CONFLICT ARISES, BOARD MEMBERS ARE REQUIRED TO DISCLOSE THEM TO THE GOVERNANCE COMMITTEE BEFORE ANY BOARD ACTION WITH RESPECT TO THE MATTER IS TAKEN. ANY BOARD MEMBER WHO IS AWARE OF AN EXISTING OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A MATTER COMING BEFORE THE BOARD OR COMMITTEE OF THE BOARD SHALL NOT BE PRESENT FOR ANY DISCUSSION OR VOTE IN CONNECTION WITH THE MATTER, AND THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED BOARD MEMBERS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL BE REQUIRED IN ORDER TO APPROVE, RATIFY OR AUTHORIZE THE MATTER. THE BOARD MEMBER WHO HAS AN INTEREST IN THE MATTER SHALL NOT BE COUNTED FOR THE PURPOSE OF DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING AT WHICH THE MATTER IS CONSIDERED. Form 990, Part VI, Line 15a Process to establish compensation of top management official ON AN ANNUAL BASIS THE EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF EIGHT INDEPENDENT MEMBERS SELECTED FROM OUR CURRENT BOARD OF TRUSTEES, MEETS TO EVALUATE THE PERFORMANCE OF THE PRESIDENT, CHIEF FINANCIAL OFFICER, EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS, VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, VICE PRESIDENT FOR ENROLLMENT AND VICE PRESIDENT FOR STUDENT AFFAIRS. IT IS THE UNIVERSITY'S EXPECTATION THAT COMPENSATION SETTING PROCEDURES WOULD MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS. DURING THIS MEETING, THE SALARIES ARE EVALUATED BY REVIEWING RESULTS OF COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT ORGANIZATION. THE ORGANIZATION COMPILES THE WAGE INFORMATION OF TEN PEER COLLEGES AND UNIVERSITIES FROM THEIR FORM 990S FILED WITH THE IRS. THIS ENSURES THAT COMPENSATION LEVELS AT STEVENSON UNIVERSITY ARE WITHIN REASONABLE LEVELS TO OTHER INSTITUTIONS. MEETINGS OF THE EXECUTIVE COMMITTEE TAKE PLACE FOUR TIMES A YEAR. MINUTES ARE TAKEN AND RETAINED BY THE OFFICE OF THE PRESIDENT. IN JUNE OF EACH YEAR, THE COMMITTEE MEETS TO DISCUSS AND AUTHORIZE EXECUTIVE COMPENSATION FOR THE KEY EMPLOYEES LISTED ABOVE. FOR ALL OTHER ADMINISTRATIVE PERSONNEL EACH POSITION OR STATUS CHANGE IS BENCHMARKED AGAINST CUPA SALARY SURVEY COMPENSATION STANDARDS BY THE VICE PRESIDENT OF HUMAN RESOURCES TO ENSURE REASONABLE LEVELS OF COMPENSATION. Form 990, Part VI, Line 15b Process to establish compensation of other employees ON AN ANNUAL BASIS, THIS PROCESS IS UNDERTAKEN FOR EACH MEMBER OF THE PRESIDENT'S CABINET. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue All other program service revenue - Total Revenue: 38133, Related or Exempt Function Revenue: 38133, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SWAP AGREEMENTS - -105734; Total - -105734; BOULEVARD REALTY NO 2 LLC 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 520705392 STUDENT DORMS MD 9960866 STEVENSON UN OWINGS MILLS EAST LLC 100 CAMPUS CIRCLE OWINGS MILLS MD 21117 520705392 ATHLT FIELDS MD 24942214 STEVENSON UN