2026-05-12T13:02:26-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 951744369 AZUSA PACIFIC UNIVERSITY AZUS 6268156000 901 E ALOSTA AVENUE AZUSA CA 917027000 AARON DAHLKE VP OF FINANCE & ADMIN. 6268156000 2026-05-12 1 1 ASHLEY PEABODY P01385870 5055022746 2026-05-12 2024 2025-03-06 01:10:19Z ADAM MORRIS 901 E ALOSTA AVENUE AZUSA CA 917027000 308381967 0 X WWW.APU.EDU X 1947 CA TO ADVANCE THE WORK OF GOD IN THE WORLD THROUGH ACADEMIC EXCELLENCE IN HIGHER EDUCATION. 15 15 2959 141 833019 69197 21056321 28400327 199023204 193998998 -444063 6715360 -47689 -39273 219587773 229075412 58187917 57079180 0 0 110079439 110171099 118734 11048 4147000 68750672 70116263 237136762 237377590 -17548989 -8302178 402249367 395786472 188517861 181553904 213731506 214232568 APU IS AN EVANGELICAL CHRISTIAN COMMUNITY OF DISCIPLES AND SCHOLARS WHO SEEK TO ADVANCE THE WORK OF GOD THROUGH ACADEMIC EXCELLENCE IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF HIGHER EDUCATION THAT ENCOURAGE DEVELOPMENT OF A CHRISTIAN PERSPECTIVE OF TRUTH AND LIFE. 0 0 197481503 57079180 174152703 TUITION & FEES: AZUSA PACIFIC UNIVERSITY IS AN EVANGELICAL CHRISTIAN COMMUNITY OF DISCIPLES AND SCHOLARS WHO SEEK TO ADVANCE THE WORK OF GOD IN THE WORLD THROUGH ACADEMIC EXCELLENCE IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF HIGHER EDUCATION THAT ENCOURAGE STUDENTS TO DEVELOP A CHRISTIAN PERSPECTIVE OF TRUTH AND LIFE. WITH 59 BACHELOR'S DEGREES, 37 MASTER'S DEGREES, 27 CERTIFICATES, 8 CREDENTIALS, AND 7 DOCTORAL PROGRAMS, THE UNIVERSITY OFFERS ITS MORE THAN 6,200 STUDENTS A QUALITY EDUCATION ON CAMPUS, ONLINE, AND AT SIX REGIONAL CENTERS THROUGHOUT SOUTHERN CALIFORNIA. 8174513 18834712 AUXILIARY ENTERPRISES & OTHER PROGRAM REVENUE: THE UNIVERSITY PROVIDES, IN ADDITION TO QUALITY INSTRUCTION, STUDENT LIFE PROGRAMS, FACILITIES FOR THE STUDENTS, AND ACTIVITIES TO FURTHER PROMOTE THE EDUCATIONAL EXPERIENCE OF STUDENTS AT THE UNIVERSITY. 302501 178564 OUTREACH MINISTRIES: OUTREACH MINISTRIES HELP THE UNIVERSITY FULFILL ITS MISSION OF ADVANCING THE WORK OF GOD IN THE WORLD AND ENCOURAGING STUDENTS TO DEVELOP A CHRISTIAN PERSPECTIVE OF TRUTH AND LIFE. THE INSTITUTE FOR OUTREACH MINISTRIES FACILITATES TRIPS TO OTHER COUNTRIES. 205958517 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 0 0 1 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 8636 0 1 2959 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA CO DC NV WA X ARCHANA CAREY 6268156000 901 EAST ALOSTA AVENUE AZUSA CA 91702 LARRY ACOSTA TRUSTEE 1.00 X 0 0 0 JESUS ARRIAGA TRUSTEE 1.00 X 0 0 0 MATTHEWS CHACKO TRUSTEE 1.00 X 0 0 0 LYNETTE ILERTSEN TRUSTEE 1.00 X 0 0 0 RAY JOHNSTON TRUSTEE 1.00 X 0 0 0 RICH LINK TRUSTEE 1.00 X 0 0 0 CATHY MCINTYRE TRUSTEE 1.00 X 0 0 0 LUCIE MOORE CHAIR 1.00 X 0 0 0 KELLI O'GORMAN TRUSTEE 1.00 X 0 0 0 STEVE PERRY TRUSTEE 1.00 X 0 0 0 LINDSEY REHFELD TRUSTEE 1.00 X 0 0 0 RISHI SRIRAM TRUSTEE 1.00 X 0 0 0 TIM STRIPE TRUSTEE 1.00 X 0 0 0 ROB TIEDE TRUSTEE 1.00 1.00 X 0 0 0 LARRY WALKEMEYER TRUSTEE 1.00 X 0 0 0 ADAM MORRIS PRESIDENT 40.00 1.00 X 602365 0 38811 AARON DAHLKE VP FINANCE & ADMIN/CFO 40.00 X 356206 0 52773 JAMES BUCKLEY SECRETARY/GENERAL COUNSEL 40.00 X 233242 0 45075 ANDREW BARTON VP OF ADVANCEMENT (PART YEAR) 40.00 X 252795 0 28905 ANITA HENCK PROVOST/DEAN - SCHOOL OF EDUCATION 40.00 X 306025 0 26463 DAVID SHYNN VP/CHIEF STRATEGY OFFICER 40.00 X 231575 0 11597 KEITH HALL VP STUDENT BELONGING 40.00 X 206576 0 35172 MICHAEL WHITE VP OF ENROLLMENT MANAGEMENT (PART YEAR) 40.00 X 250301 0 43339 MAUREEN TAYLOR VP OF STRATEGIC COMMUNICATION & ENGAGEMENT 40.00 X 205233 0 41866 RENEE POZZA DEAN, COLLEGE OF HEALTH AND SCIENCES 40.00 X 235500 0 9898 SCOTT MARTIN ASSOCIATE VP OF FINANCE (PART YEAR) 40.00 X 227369 0 44394 STANTON TODD EMERSON DOCTOR, STUDENT HEALTH CENTER 40.00 X 174157 0 40676 JOHN BAUGUS AVP, HUMAN RESOURCES 40.00 X 181512 0 19048 DAVID WEEKS DEAN, HONORS COLLEGE 40.00 X 192565 0 32083 JOE DESUTA CIO 40.00 X 180600 0 24088 MONICA BOUTROS FORMER ASSOCIATE GENERAL COUNSEL 0.00 X 107790 0 3495 3943811 0 497683 230 1 1 0 BON APPETIT PO BOX 50196 LOS ANGELES CA 90074 FOOD/CATERING SERVICES 5500103 VCC LLC 1 INFORMATION WAY LITTLE ROCK AR 72202 CONSTRUCTION 4573734 SMART CARE EQUIPMENT SOLUTIONS PO BOX 74008980 CHICAGO IL 60674 SERVICES & PRODUCT 4038314 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 TEXTBOOK SERVICES 1632886 22 716633 9871731 17811963 1604781 28400327 TUITION & FEES 611310 174152703 174152703 AUXILIARY REVENUE 611310 15866902 15033883 833019 OTHER PROGRAM REVENUE 611310 3442874 3442874 INVENTORY SALES 611310 357955 357955 OUTREACH MINISTRIES 611310 178564 178564 193998998 4571554 4571554 81377495 79233689 2143806 2143806 2143806 33593 716633 72866 -39273 -39273 229075412 193165979 833019 6676087 57014016 57014016 65164 65164 3348851 431435 2917416 126605 126605 84192600 72892624 11299976 2623850 55021 2568829 13799908 13643429 156479 6079285 5134657 944628 140609 47478 93131 118750 118750 11048 11048 647342 647342 4455726 3247863 1042741 165122 6193904 5921907 212293 59704 3098269 2196608 751855 149806 6491524 2574621 3613930 302973 11361367 10327004 1033336 1027 2550965 2345691 147024 58250 123603 107615 8410 7578 6806422 6806422 11104325 10154955 949370 229805 229805 COST OF GOODS SOLD 6079416 5996839 82577 ELECTRONIC RESOURCES 1259721 1259721 DUES & SUBSCRIPTIONS 926282 712105 211146 3031 SECURITY 490185 423767 66418 8038048 4472970 176617 3388461 237377590 205958517 27272073 4147000 7605370 19546392 13713651 12745930 3718373 8151262 11679217 10430928 669051 466807 2817850 3101627 319510561 209438351 160769739 110072210 160113510 145851028 4101565 4411141 9046919 10580833 28014122 70428314 402249367 395786472 6565193 5842543 3956580 3956580 9883131 13444180 124935226 120027935 43177731 38282666 188517861 181553904 X 124878600 110221889 88852906 104010679 213731506 214232568 402249367 395786472 X -8302178 7145943 1657297 X 0 1 X 1 1 1 X 38074771 27331598 17240199 21056321 28400327 132103216 38074771 27331598 17240199 21056321 28400327 132103216 12394368 119708848 1482491 2218176 3288873 3857902 4571554 15418996 3000000 1500000 4500000 152022212 1097386734 0.78740 0.79090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 3,000,000. 2021 AMOUNT: $ 1,500,000. SCHEDULE A, PART II- THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THAT THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 899 0 1 4695 5594 0 PART II-B, LINE 1: APU PAYS ANNUAL MEMBERSHIP DUES TO THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU.) A PORTION OF THOSE DUES ARE USED FOR LOBBYING PURPOSES. CACCU ADVOCATES ON BEHALF OF THE CONSORTIUM OF CHRISTIAN COLLEGES THAT ARE PAYING MEMBERS. THE GROUP ADVOCATES FOR BILLS THAT ADVANCES EDUCATION, VETERANS, FOSTER KIDS, MENTAL HEALTH, WHILE WORKING TO SAFEGUARD THE PARTICULAR INTERESTS OF CHRISTIAN HIGHER EDUCATION. DURING FY 2025, DR. RENEE POZZA TRAVELED TO SACRAMENTO AT LEAST ONCE FOR DIRECT ENGAGEMENT WITH LEGISLATORS. SHE ALSO SOMETIMES ATTENDS RELATED ASSOCIATION MEETINGS, WHICH MAY OR MAY NOT INCLUDE CONTACT WITH LEGISLATORS. 985405 X X X 0 96232956 1980987 11276172 5324932 104165183 90358715 555193 11002194 5683146 96232956 89461386 1149559 5602148 5854378 90358715 100257631 928699 -8445253 3279691 89461386 76907647 1720374 23151594 1521984 100257631 0.25000 0.75000 0 0 19461380 19461380 201686810 122705349 78981461 8143765 6529164 1614601 75889943 70542041 5347902 14328663 9661797 4666866 110072210 BENEFICIAL INTEREST IN TRUSTS 3224019 FINANCE LEASE - RIGHT OF USE ASSETS 2053571 OPERATING LEASE - RIGHT OF USE ASSETS 18685916 ASSETS HELD FOR SALE 46464808 70428314 TRUST LIABILITIES DUE TO OTHERS 11928314 ASSET RETIREMENT OBLIGATIONS 1279371 FINANCE LEASE OBLIGATIONS 2437234 OPERATING LEASE OBLIGATIONS 20624474 OTHER LIABILITIES 2013273 38282666 PART III, LINE 4: THE UNIVERSITY'S SPECIAL COLLECTIONS INCLUDES A COLLECTION OF RARE BIBLICAL ANTIQUITIES, PRESIDENTIAL SIGNATURES, RARE CLOCKS, RARE MANUSCRIPTS, AND BOOKS HELD FOR PUBLIC EXHIBITION, SCHOLARLY RESEARCH, PRESERVATION FOR FUTURE GENERATIONS, AND EDUCATIONAL LEARNING PURPOSES. PART V, LINE 4: PRIMARILY SCHOLARSHIPS. 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 ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STUDENT FINANCIAL AID AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE CALIFORNIA STUDENT AID COMMISSION. 1 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 65164 0 0 0 0 0 0 65164 0 65164 NORTH AMERICA (CANADA & MEXICO ONLY) SUPPORT FOREIGN MISSIONS AND STUDY ABROAD 65164 WIRE TRANSFER 0 0 1 0 0 0 0 1 0 PART I, LINE 2: THE PRIMARY USE OF THE GRANTS IS FOR ACADEMIC PROGRAMS WHICH ARE REVIEWED ON A PERIODIC BASIS BY THE UNDERGRADUATE PROVOST AND ASSOCIATE DEAN. THE GRANTS MAY ALSO COVER THE COST OF ROOM AND BOARD. PART I, LINE 3: FOREIGN EXPENDITURES ARE TRACKED IN ACCORDANCE WITH THE ACCRUAL BASIS OF ACCOUNTING. DINNER RALLY 731061 701318 29743 24711 29743 3090 9909 APUSA SPRING EVENT 19165 15315 3850 793 4620 750226 716633 33593 25504 34363 3090 9909 72866 -39273 1 SCHOLARSHIPS 3866 57014016 PART I, LINE 2: THE STUDENT FINANCIAL SERVICES DEPARTMENT MAINTAINS RECORDS TO SUBSTANTIATE ELIGIBILITY AND SELECTION CRITERIA FOR STUDENTS RECEIVING AWARDS AND SCHOLARSHIPS. DEPARTMENTS MAINTAIN RECORDS OF SELECTION CRITERIA AND ELIGIBILITY FOR RECIPIENTS OF STIPEND AND OTHER AWARDS. ALL PAYMENTS ARE UPLOADED TO THEIR RESPECTIVE CATEGORIES. THE BUSINESS OFFICE RECONCILES ACCOUNTS AND PREPARES DEPARTMENTAL AND GRANTOR REPORTS. AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AND NO CASH CHANGES HANDS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ADAM MORRIS PRESIDENT 445365 0 100000 0 57000 0 13800 0 25011 0 641176 0 0 0 AARON DAHLKE VP FINANCE & ADMIN/CFO 356206 0 0 0 0 0 13748 0 39025 0 408979 0 0 0 ANITA HENCK PROVOST/DEAN - SCHOOL OF EDUCATION 306025 0 0 0 0 0 12377 0 14086 0 332488 0 0 0 MICHAEL WHITE VP OF ENROLLMENT MANAGEMENT (PART YE 250301 0 0 0 0 0 10314 0 33025 0 293640 0 0 0 ANDREW BARTON VP OF ADVANCEMENT (PART YEAR) 243711 0 0 0 9084 0 1025 0 27880 0 281700 0 0 0 JAMES BUCKLEY SECRETARY/GENERAL COUNSEL 233242 0 0 0 0 0 9157 0 35918 0 278317 0 0 0 SCOTT MARTIN ASSOCIATE VP OF FINANCE (PART YEAR) 217369 0 10000 0 0 0 9159 0 35235 0 271763 0 0 0 MAUREEN TAYLOR VP OF STRATEGIC COMMUNICATION & ENGA 205233 0 0 0 0 0 8623 0 33243 0 247099 0 0 0 RENEE POZZA DEAN, COLLEGE OF HEALTH AND SCIENCES 233500 0 2000 0 0 0 9360 0 538 0 245398 0 0 0 DAVID SHYNN VP/CHIEF STRATEGY OFFICER 208575 0 0 0 23000 0 9459 0 2138 0 243172 0 0 0 KEITH HALL VP STUDENT BELONGING 206326 0 250 0 0 0 8492 0 26680 0 241748 0 0 0 DAVID WEEKS DEAN, HONORS COLLEGE 192565 0 0 0 0 0 7917 0 24166 0 224648 0 0 0 STANTON TODD EMERSON DOCTOR, STUDENT HEALTH CENTER 173542 0 615 0 0 0 7343 0 33333 0 214833 0 0 0 JOE DESUTA CIO 180600 0 0 0 0 0 7350 0 16738 0 204688 0 0 0 JOHN BAUGUS AVP, HUMAN RESOURCES 181512 0 0 0 0 0 7245 0 11803 0 200560 0 0 0 MONICA BOUTROS FORMER ASSOCIATE GENERAL COUNSEL 64790 0 0 0 43000 0 0 0 3495 0 111285 0 0 0 PART I, LINE 1A THE GOVERNING BOARD HAS SPECIFICALLY AUTHORIZED FIRST CLASS TRAVEL AND RECOGNIZES IT AS NECESSARY AND FOR BONA FIDE BUSINESS PURPOSE. THOSE WHO RECEIVED THIS BENEFIT INCLUDE THE PRESIDENT, EXECUTIVE VICE PRESIDENT, AND ANY OTHERS APPROVED BY THE PRESIDENT, EXECUTIVE VICE PRESIDENT, AND PROVOST. THIS IS NOT INCLUDED IN TAXABLE INCOME. SPOUSAL TRAVEL APPROVED FOR MAJOR DONOR EVENTS/VISITS WHICH ARE BONA FIDE BUSINESS TRAVEL AUTHORIZED BY BOARD CHAIR FOR THE PRESIDENT AND BY PRESIDENT FOR OTHER HIGHLY COMPENSATED EMPLOYEES. THOSE WHO RECEIVED THIS BENEFIT INCLUDE THE PRESIDENT'S SPOUSE, EXECUTIVE VICE PRESIDENT'S SPOUSE, AND ANY OTHERS AS APPROVED BY THE PRESIDENT, EXECUTIVE VICE PRESIDENT, AND PROVOST. THIS IS NOT INCLUDED IN TAXABLE INCOME. A HOUSING ALLOWANCE IS PROVIDED TO ADAM MORRIS, PRESIDENT. THIS AMOUNT IS INCLUDED IN HIS TAXABLE INCOME. PART I, LINE 4 MONICA BOUTROS RECEIVED SEVERANCE OF $43,000. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048TTS2 2015-04-19 72659749 REFUND 4/5/11 BOND 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VD54 2022-08-01 72650000 REFUND 2015 BOND 0 0 0 A 23849749 72659749 717631 71942118 2008 1 0 1 1 B 2860000 72650403 4052224 1404621 67193154 2015 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 3- AGGREGATE INVESTMENT EARNINGS IN THE AMOUNT OF $403 WERE ADDED TO THE ISSUE PRICE OF $72,650,00 RESULTING IN TOTAL PROCEEDS OF ISSUE IN THE AMOUNT OF $72,650,403. X 230 COST X 17 1579792 MEDIAN VALUE X 6 15475 SELF-REPORTED X 1 9284 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A THE GOVERNING BODY HAS DELEGATED BROAD AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, AND PRESIDENT, AS WELL AS 6 TRUSTEES. THE SCOPE OF THE EXECUTIVE COMMITTEE'S AUTHORITY MAY BE FOUND IN THE BYLAWS OF APU. THE BYLAWS STATE THAT, "THE EXECUTIVE COMMITTEE, TO THE EXTENT PROVIDED IN THE BYLAWS, SHALL HAVE ALL THE AUTHORITY OF THE BOARD, EXCEPT (A) THE APPROVAL OF ANY ACTION FOR WHICH THE CALIFORNIA NONPROFIT CORPORATION LAW ALSO REQUIRES APPROVAL OF THE MEMBERS OR APPROVAL OF A MAJORITY OF ALL MEMBERS; (B) THE FILLING OF VACANCIES ON THE BOARD OR IN ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; (C) THE AMENDMENT OR REPEAL OF BYLAWS OR THE ADOPTION OF THE NEW BYLAWS; (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD, WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEATABLE; (E) THE APPOINTMENT OF COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF." ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE BOARD OF DIRECTORS (WITH DONOR NAMES AND ADDRESSES REDACTED) FOR BOARD REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE OFFICE OF THE GENERAL COUNSEL HAS ALL TRUSTEES, OFFICERS, AND OTHER KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND THE GENERAL COUNSEL ADDRESSES ANY DISCLOSED CONFLICTS OF INTEREST PURSUANT TO THE PROCESSES SET FORTH IN THE UNIVERSITY'S POLICY ON CONFLICTS OF INTEREST. IF POTENTIAL OR ACTUAL CONFLICTS ARE IDENTIFIED, THEY ARE ANALYZED BY THE UNIVERSITY'S GENERAL COUNSEL. THE GENERAL COUNSEL ADVISES THE APPROPRIATE COMMITTEE OR THE BOARD ON HOW TO RESOLVE THE CONFLICT. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: ANY CHANGES TO THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND EXECUTIVE OFFICERS IS APPROVED BY THE BOARD OF TRUSTEES BASED ON MARKET SURVEY DATA. PERIODICALLY, THE UNIVERSITY RETAINS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE COMPENSATION OF THE PRESIDENT AND EXECUTIVE OFFICERS AND TO REPORT TO THE BOARD OF TRUSTEES. THE BOARD DELIBERATION AND DECISIONS ARE DOCUMENT IN THE BOARD MINUTES. LINE 15B: THE COMPENSATION OF OTHER KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE OFFICER OR ADMINISTRATOR TO WHOM THEY REPORT. THE PROCESS AND DECISIONS ARE RECORDED FOR ALL COMPENSATED OFFICERS, TRUSTEES, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION OF ASSET RETIREMENT OBLIGATIONS -72,417. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -38,028. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 874,452. NON-RECURRING ACTIVITIES 893,290. 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