2026-05-12T06:27:13-05:00 2025-06-30 135565207 KPMG LLP 303 PEACHTREE STREET NE SUITE 2000 ATLANTA GA 30308 990 2024-07-01 591083502 Nova Southeastern University Inc NOVA 9542625258 3300 S University Drive Fort Lauderdale FL 33328 Dr Harry K Moon President and CEO 9542627500 2026-05-08 1 1 Amanda Coon P01754645 4047395994 2024 2025-03-06 01:10:19Z Nova Southeastern University Dr Harry K Moon 3300 S University Drive Fort Lauderdale FL 33328 1591351635 0 X www.nova.edu X 1964 FL Nova Southeastern University's primary activity is to provide educational services. See Part III. 24 23 9197 1702 8626794 0 85158261 63629299 891512657 945806625 38949724 43394585 8431437 9187125 1024052079 1062017634 166827210 175272470 0 0 443427826 460180747 175097 104000 3290881 347243121 362692870 957673254 998250087 66378825 63767547 2090842277 2191555605 877763933 852454070 1213078344 1339101535 X The mission of Nova Southeastern University-a selective, doctoral research university-is to deliver academic programs in a dynamic, innovative environment. We foster academic excellence, leadership, integrity (continued on Schedule O) and scientific, economic, and community contributions through engaging and empowering our students, faculty, staff, alumni and partners. 0 0 438981931 163110438 45891241 Instructional Services: Nova Southeastern University (NSU) offers undergraduate degrees, graduate and first professional degrees, and certificate programs to more than 20,000 full-time and part-time students in a wide range of academic programs. In addition to the main Fort Lauderdale/Davie and Oceanographic Campuses in South Florida, courses are taught at 9 regional campuses located across Florida, in Puerto Rico, and Colorado; and at limited sites in other states and foreign countries. The NSU University School offers innovative primary and secondary education to children from preschool through grade 12.(continued on Schedule O)NSU has 15 colleges and schools (fiscal 2025): Abraham S. Fischler College of Education and School of Criminal Justice; College of Dental Medicine; College of Computing and Engineering; College of Optometry; Barry and Judy Silverman College of Pharmacy; College of Psychology; Dr. Kiran C. Patel College of Allopathic Medicine; Dr. Kiran C. Patel College of Osteopathic Medicine; Dr. Pallavi Patel College of Health Care Sciences; Farquhar Honors College; H. Wayne Huizenga College of Business and Entrepreneurship; Halmos College of Arts and Sciences; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; and the NSU University School. NSU has over 130 academic degree programs, with approximately 65 percent graduate and professional students and 35 percent undergraduate students. Courses are offered in multiple locations and modalities. As part of the university's strategic initiatives, it has continued to invest in high-demand and industry-relevant programs with growth potential, such as expansion within healthcare programs. NSU is the largest educator of physicians in Florida and 5th in the nation. With eight healthcare-related colleges offering a broad array of programs, NSU is the top producer of healthcare providers in the state and nationally, meeting critical needs in the industry. NSU is one of only three universities in the United States to offer both a D.O. and M.D. program. In fiscal 2025, NSU graduated 445 physicians (D.O. and M.D. graduates combined).NSU has leveraged and supported its strengths in graduate and professional education while growing its undergraduate population. For example, the university's distinctive Dual Admission Program provides highly motivated undergraduate students with the opportunity to reserve a seat in selective graduate/professional programs while earning their bachelor's degree. This unique program has continued to attract academically highly qualified students, supporting strategic goals for enhanced student quality, experience, and outcomes. Other examples include innovative accelerated tracks that provide a faster path to earning both a bachelor's and advanced degree.In April 2025, NSU earned a Carnegie Classification as an Opportunity College and University, a first-time designation that recognizes institutions that foster student success by examining whether they enroll students who reflect their communities and whether graduates go on to earn competitive wages compared to peers in their area. Only 16 percent of U.S. colleges and universities received this designation. 117774930 36781 12465467 Academic Support: This comprises functions that directly support the university's primary service mission of instruction, such as the university's library system and art museum. The university libraries include the Martin and Gail Press Health Professions Division Library; the Panza Maurer Law Library; the Oceanographic Campus Library; the NSU University School Media Center; and the Alvin Sherman Library, Research and Information Technology Center. Buildings within the university library system offer wireless access and a variety of study spaces, including group and individual study rooms, collaborative workspaces, individual study carrels, and designated quiet study spaces. At 325,000 square feet, (continued on Schedule O)the Alvin Sherman Library is among the largest library buildings in the Southeastern United States. It also hosts the Write from the Start Writing and Communication Center, Farquhar Honors College, and the Alan B. Levan | NSU Broward Center of Innovation. 87840113 794620 821101231 Auxiliary Enterprises: Nova Southeastern University's NSU Health is a patient centric, integrated health care network built on a foundation of education, research, and the highest quality patient care.NSU Health has many outpatient facilities and provides care in medical, dental, optometry, pharmacy, and mental health services, including family therapy. There are also specialty services available, such as audiology, occupational therapy, physical therapy, and speech language pathology. In addition to the health care facilities on the Fort Lauderdale/Davie Campus, NSU Health provides services to the surrounding community. (continued on Schedule O)The Don Taft University Center is a more than 325,000-square-foot facility featuring three NCAA competition courts, group fitness and instruction rooms, cardio and weight training areas, squash courts, a rock climbing wall, and the Flight Deck Pub. The Performing and Visual Arts Wing of the Don Taft University Center includes state-of-the-art classrooms and facilities that support the art, dance, music, and theatre majors of the Department of Communication, Media, and the Arts (DCMA) at the Halmos College of Arts and Sciences.In March 2025, NSU celebrated the opening of the NSU Health Cathy J. Husman ALS Center, providing specialty care for patients diagnosed with ALS, located within NSU's Center for Collaborative Research.Fiscal 2025 also included the renewal and expansion of the university's chiller plants and associated infrastructure; improvements to fields and other athletic amenities; dining facility expansion; residence hall remodel; and renovations of certain administrative, clinical, and regional campus facilities. 199035062 11330631 66348686 More than 250 research projects are currently under way at NSU,including studies on cardiovascular disease, anticancer therapies,chronic fatigue syndrome, autism, coral reef restoration, stem cells,and wildlife DNA forensics, among other subjects. The Center forCollaborative Research (CCR) consists of 215,000 square feet ofresearch and collaborative spaces. This project is registered with theU.S. Green Building Council (USGBC) and is the first NSU facility toachieve a LEED certification level of Gold. The facility houses corefacilities including Genomics, Flow Cytometry, Cell Therapy andImaging. The CCR brings multiple disciplines together, with studentsand NSU faculty members partnering with professionals and organizationsoutside of the NSU community-furthering cutting-edge research anddeveloping technologies that will benefit the global community. In 2025, NSU was recognized by the Carnegie Classificationsystem as one of only 21 universities nationwide to hold allthree of the following designations: Very High Research Activity(R1), Community Engaged Institution, and Opportunity College& University (OCU). Its R1 classification places NSU among thetop tier of U.S. research universities, a milestone that reflectsits continued growth and commitment to research that leads toreal-world impact. As an R1 institution, NSU is shining a newlight on scientific discovery, medical breakthroughs, andtechnologies that advance quality of life: from pioneeringtreatments in neuro-immunology and cancer, to safeguardingcoral reefs and strengthening cybersecurity. 199035062 11330631 66348686 843632036 1 0 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 0 0 0 1 26781 1 1 9197 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 1 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI NY SC X Alyson Silva Exec VP and Chief Financial Officer 9542625258 3300 S University Dr Fort Lauderdale FL 33328 George L Hanbury II PhD President/CEO through 1/1/2025 37.50 X X 1279735 0 520930 Harry K Moon EVP/COO; President/CEO beg 1/2/25 37.50 X X 627679 0 57408 Ronald G Assaf Trustee 1.50 X 0 0 0 Kathy Assaf Trustee 1.50 X 0 0 0 Walter L Banks Sr Trustee 1.50 X 0 0 0 Mitchell W Berger Trustee 2.00 X 0 0 0 Rita Case Trustee 1.50 X 0 0 0 R Douglas Donn Trustee 1.50 X 0 0 0 James Donnelly Trustee 1.50 X 0 0 0 Arthur J Falcone Trustee 2.00 X 0 0 0 Steven J Halmos Trustee 1.50 X 0 0 0 Carol Harrison Kalagher Trustee 2.00 X 0 0 0 Milton L Jones Jr Trustee 2.00 X 0 0 0 Barbara Trebbi Landry Trustee 2.00 X 0 0 0 Alan B Levan Trustee 7.75 X 0 0 0 Nell McMillan Lewis Trustee 2.00 X 0 0 0 Albert J Miniaci Trustee 1.50 X 0 0 0 Samuel F Morrison Secretary 1.50 X X 0 0 0 Anthony N Ottaviani Trustee 1.50 X 0 0 0 Charles L Palmer Chair 5.00 X 0 0 0 Kiran C Patel Trustee 1.50 X 0 0 0 George Platt Trustee 1.50 X 0 0 0 Martin R Press Trustee 2.00 X 0 0 0 Paul M Sallarulo Trustee 1.50 X 0 0 0 Barry J Silverman Vice Chair 3.00 X 0 0 0 Michelle Howland Sussman Trustee 1.50 X 0 0 0 J Kenneth Tate Trustee 2.00 X 0 0 0 Zachariah P Zachariah Trustee 2.00 X 0 0 0 Michael Zager Trustee 2.00 X 0 0 0 Alyson Silva EVP Finance & CFO 37.50 X 412140 0 62513 Ronald Chenail Provost/EVP Acad Affairs 37.50 X 485362 0 57815 Elaine M Wallace Dean - Coll of Osteopathic Medicine 37.50 X 749441 0 55571 Daniel Alfonso EVP Facilities, Safety, Campus Svcs 37.50 X 363089 0 50771 Stanley Wilson Interim Dean-Coll of Hlth Care Scs 37.50 X 223452 0 43549 Eduardo Locatelli Medical Director - NSU Health Neuro Inst. 37.50 X 497589 0 52412 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 37.50 X 453199 0 46386 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 37.50 X 711012 0 56707 Steven Kaltman Dean - Coll of Dental Medicine 37.50 X 444844 0 56341 Terry Mularkey VP Advancement & Community Relations 37.50 X 414180 0 41370 Frederick Lippman Former Key Employee 37.50 X 319823 0 30186 Guy Nehrenz Former Key Employee 37.50 X 151594 0 37975 7133139 0 1169934 1038 1 1 0 Encompass Onsite Solutions 6555 Powerline Rd Ste 304 Ft Lauderdale FL 33309 Janitorial 16555174 Kibler Contruction LLC 4101 Ravenswood Rd Ste 304 Ft Lauderdale FL 33312 Construction 12006815 Chartwells PO BOX 50196 Los Angeles CA 90074 Food Services 11033734 Panza Maurer & Maynard PA 2400 E Commercial Blvd Ft Lauderdale FL 33308 Legal 6477188 Hill York Service Company LLC PO BOX 350155 Ft Lauderdale FL 33335 Construction 6086813 111 411257 47539027 15679015 834533 63629299 Tuition and Fees 611710 857948791 857948791 Auxiliary Operation 611710 66468686 32516632 33952054 21389148 21353550 35598 945806625 28422354 8193 28414161 341474 144567 196907 196907 196907 520612807 22058702 518784494 8914784 1828313 13143918 14972231 14972231 205205 411257 334123 -128918 -128918 2648619 1156033 1492586 87752 1404834 Grande Oaks LLC 713910 7626550 448381 7178169 7626550 1062017634 912355106 8626794 77406435 4999299 4999299 170182365 170182365 90806 90806 4993854 1333431 2909097 751326 362009378 318234912 43002181 772285 25076556 21936111 3060497 79948 42724352 37248840 5307838 167674 25376607 22108929 3164294 103384 8216511 227861 7984650 4000 879215 32523 846692 1381233 1381233 104000 104000 1035464 1035464 53069969 44339885 8622085 107999 9884548 614677 9266359 3512 35731355 29621501 5819952 289902 22232631 19799455 2351691 81485 34913 34913 82166199 68333211 13803356 29632 6053617 5394638 589772 69207 3280307 2985730 265006 29571 21851382 14841363 7010019 44017862 38157560 5678470 181832 24623972 13699259 10924713 Small Equipment 8492082 7419033 980676 92373 Dues and Subscriptions 6848151 5612159 1231554 4438 Bad Debt Expense 6463064 5816812 646252 Special Promotions 4562165 3161873 991648 408644 21868230 7404890 14453671 9669 998250087 843632036 151327170 3290881 29276047 38706201 21622476 15890065 62155965 50298470 29648842 27360072 3438905 2873218 765924 1006889 13486086 13237556 1575457801 660927157 905966985 914530644 807492375 907867517 108970012 141688681 108018660 78096292 2090842277 2191555605 54063972 53605972 95361976 103127907 259605842 248718285 468732143 447001906 877763933 852454070 X 980099114 1095933306 232979230 243168229 1213078344 1339101535 2090842277 2191555605 63767547 62255644 0 X 0 1 X 1 1 1 X 81396561 74738833 69821603 85158261 63629299 374744557 81396561 74738833 69821603 85158261 63629299 374744557 2658530 372086027 12448634 15915903 17293155 22907409 28763828 97328929 472073486 4184522699 0.78820 0.81500 X 0 0 0 0 0 1 16500 1 1364733 0 0 1381233 0 Part II-B, Line 1: Line 1f: During the reporting period, a portion of the university's payment to a 501 (c) membership organization was allocated to support its lobbyist who works to secure state funding. Line 1g: These expenses are for services of professional consultants hired by the university to engage in direct lobbying. These consultants work on Nova Southeastern University's behalf meeting or calling on government officials or legislators requesting support for specific projects and programs regarding higher education, research funding and other legislation which could impact the university. X X X X 0 252076885 -376550 30900018 2653259 2972667 276974427 224940097 9234659 22020020 2342974 1774917 252076885 200765883 13417375 15817036 2762221 2297976 224940097 226992581 10751961 -31605482 2142148 3231029 200765883 174150809 12450466 44868798 2405895 2071597 226992581 0.29000 0.45000 0.26000 0 0 94146 77428312 77522458 992414529 340735555 651678974 45172794 40325741 4847053 232844245 182738926 50105319 227503775 97126935 130376840 914530644 Comingled funds 123881479 F Private capital 17807202 F 141688681 Other Current Liabilities 15123559 Accrued Insurance 26658822 Grande Oaks Other LT Liabilities 3470930 Current Student Deposit 8156096 Liabilities for Refundable Student Loans 3216815 Other Long Term Liabilities 8370441 Lease Liability 70650244 Taxable Bonds 311354999 447001906 X Part III, Line 1a: The NSU Art Museum Fort Lauderdale acquires art for its collection through purchase or gift. As permitted by SFAS 116 (ASC 958), accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection or for the direct care of its collection (expenditures that enhance the life, usefulness, or quality of an object, and improve the physical impact and condition of an item). Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities within other revenues and expenses, respectively. Part III, Line 4: The Museum's art collections are held for public exhibition, education, and scholarly use in furtherance of the University's exempt educational purpose. The Museum provides continuing opportunities for appreciation of the arts by the general public and educational opportunities for NSU employees and students through innovative exhibitions, educational programs, publications, and collection based activities. The Museum building encompasses 83,000 square feet on three levels, including approximately 25,000 square feet of exhibition space used for the display of the collections. The adjacent Horvitz auditorium is used for lectures, films, concerts, theatrical events, and other educational and cultural presentations. Part V, Line 4: The University's endowment consists of approximately 455 individual endowments (which includes both donor restricted endowment funds and funds designated by the board of trustees) which have been set aside and invested primarily for scholarships. Part V, lines 1a, b, and g: The amounts listed in Part V, Lines 1a, b, and g include endowment-related pledges receivable. Line 1b is net of discounts and other pledge related activity. As of June 30, 2025 endowment-related pledges receivable totaled $27.5 million. Part X, Line 2: Accounting for Uncertainty in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2025 or 2024. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 See Part II Line 3 - Explanation of Nondiscrimination Policy: Nova Southeastern University admits students of any race, color, and national or ethnic origin to all rights, privileges, programs, and activities generally accorded or made available to students. The University does not discriminate on the basis of race, color, or national or ethnic origin in the administration of its educational policies, admission practices, scholarship and loan programs, athletic programs, or other University-administered programs. Line 6 - Explanation of Government Financial Aid: Students receive financial aid from the federal government. State aid is provided through grants. 1 Central America/Caribbean 0 0 Program Service Education 38525 Europe 0 3 Program Service Education 36011 Central America/Caribbean 0 2 Program Service Mission Trip 5710 Europe 0 6 Program Service Present/attend conference(s) 11099 North America - Canada and Mexico, but not the United States 0 4 Program Servcies Present/attend conference(s) 6005 Europe 0 0 Program Service Grants/assistance 90806 Central America/Caribbean Investments 58748093 0 15 0 0 0 15 58936249 0 58936249 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium Research 90806 bank wire 0 1 1 0 1 1 1 1 Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Part I, line 3: The amounts reported in column (f) include primarily the direct expenditures for the regions listed, recorded on the accrual method of accounting. X X X X X X X 1 Huron Consulting Services LLC 550 W Van Buren St Chicago IL 60607 campaign consulting 0 0 100000 -100000 100000 -100000 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NM NY ND OH OK OR PA RI SC TN UT VA WA WI NJ NC Museum Celebration Gala 280150 256050 24100 18510 19200 5350 37369 NSU Golf Classic 200415 88093 112322 2250 36668 14629 92898 4 135897 67114 68783 1000 30632 18130 57487 616462 411257 205205 2250 19510 86500 38109 187754 334123 -128918 Schedule G, Part I, Line 2b, Column (v) Huron Consulting Services - The total amount paid to Huron Consulting Services during the fiscal year ended June 30, 2025 was $100,168 which included professional fundraising fees of $100,000 and expenses of $168. The contract between Nova Southeastern University and Huron Consulting Services calls for the reimbursement of travel related fundraising expenses such as airfare and hotel, which are invoiced separately. Huron Consulting Services was also paid $29,752 under a separate contract related to software licensing. 1 Central Florida Ahec Inc 328 S Central Ave Apopka FL 32703 593050122 501(C)(3) 1258217 0 Instruction Everglades Ahec 5725 Corporate Way Ste 102 West Palm Beach FL 33407 592740558 501(C)(3) 1240998 0 Instruction University of Miami PO Box 248106 Coral Gables FL 33146 590624458 501(C)(3) 307431 0 Research Research Triangle Institute PO BOX 12194 Research Triangle Park NC 27709 560686338 501(C)(3) 264729 0 Research SymbioSeas PO BOX 1189 Carolina Beach NC 28428 471900024 501(C)(3) 208573 0 Research Florida International University ORED MARC 470 Miami FL 33199 650177616 115 155300 0 Research Louisiana Universities Marine Consortium 8124 Highway 56 Chauvin LA 70344 364841195 115 153300 0 Research Care Resource Community Health Center 3510 Biscayne Blvd 300 Miami FL 33137 592564198 501(C)(3) 130000 0 Service Weill Medical College of Cornell Un 1300 York Avenue New York NY 10065 131623978 501(C)(3) 110844 0 Research Boston University 881 Commonwealth Avenue Boston MA 02215 042103547 501(C)(3) 99687 0 Research Palo Alto Veterans Institute for Research 3801 Miranda Avenue Palo Alto CA 94304 770207331 501(C)(3) 92362 0 Research University of Rochester 910 Genesee Street Suite 200 Rochester NY 14611 160743209 501(C)(3) 87279 0 Research University of North Carolina at Wilmington 601 S College Road Wilmington NC 28403 561258660 115 81634 0 Research University of Florida PO Box 113001 Gainesville FL 32611 596002052 115 76500 0 Research Georgia Tech Research Corp-GTRC 926 Dalney Street NW Atlanta GA 30332 580603146 501(C)(3) 65184 0 Research Veterans Bio-Medical Research Institute Inc 385 Tremont Avenue East Orange NJ 07018 222995785 501(C)(3) 64345 0 Research Mote Marine Lab 1600 Ken Thompson Parkway Sarasota FL 34236 590756643 501(C)(3) 60400 0 Research Caridad Center 8645 W Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 58542 0 Instruction Smithsonian Institution 1000 Jefferson Drive S W Washington DC 20560 530206027 501(C)(3) 45173 0 Research The Forsyth Institute 245 First Street Cambridge MA 02142 042104230 501(C)(3) 40179 0 Research Florida Aquarium 701 Channelside Drive Tampa FL 33602 592807815 501(C)(3) 38463 0 Research Meta Media Training Intl Inc 5257 Buckeystown Pike Frederick MD 21704 522236176 37000 0 Instruction Skidmore College 815 North Broadway Saratoga Springs NY 12866 141338562 501(C)(3) 29411 0 Research South Florida VA Foundation for Research 121 NW 16 Street Miami FL 33125 650207903 501(C)(3) 28983 0 Research Duke University 2200 W Main Street Ste 300 Durham NC 27705 560532129 501(C)(3) 24501 0 Research South Florida Autism Charter School 18305 NW 75 Pl Hialeah FL 33015 263880489 501(C)(3) 20000 0 Instruction Georgetown University 37th and O Streets NW Washington DC 20057 530196603 501(C)(3) 19900 0 Research University of South Florida 4019 E Fowler Ave Suite 100 Tampa FL 33617 593102112 115 17713 0 Research Research Foundation of The City University of New York 230 West 41 Street New York NY 10036 131988190 501(C)(3) 9999 0 Research Florida Atlantic University 777 Glades Road Boca Raton FL 33431 650385507 115 9273 0 Instruction, Research The Brigham and Women's Hospital Inc 75 Francis Street Boston MA 02115 042312909 501(C)(3) 8334 0 Research Florida State University 828 Champion Way Tallahassee FL 32306 591961248 115 7559 0 Research American Heart Association 4000 Hollywood Bldv Ste 170N Hollywood FL 33021 135613797 501(C)(3) 50000 0 General Donation Horatio Agler Association of Distinguished Americans Inc 99 Canal Center Plaza Suite 320 Alexandria VA 22314 131669975 501(C)(3) 10000 0 General Donation Broward Public Library Foundation 100 S Andrews Ave Fort Lauderdale FL 33301 592224746 501(C)(3) 7500 0 General Donation 34 1 Student Financial Assistance 13487 170168026 0 n/a NSU Cares Support Fund 33 14000 0 n/a Part I, Line 2: NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Schedule I, Part I, Line 2: Institutional grants awarded to students are recorded to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of awards varies by center and program. Funds set aside for scholarships are budgeted annually and included in the University's budget plan approved by the Board of Trustees. X X X X X 1 1 X X X X 0 1 0 1 0 0 0 0 0 George L Hanbury II PhD President/CEO through 1/1/2025 999471 0 0 0 280264 0 496170 0 24760 0 1800665 0 0 0 Elaine M Wallace Dean - Coll of Osteopathic Medicine 731840 0 0 0 17601 0 34500 0 21071 0 805012 0 0 0 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 697208 0 0 0 13804 0 34500 0 22207 0 767719 0 0 0 Harry K Moon EVP/COO; President/CEO beg 1/2/25 598184 0 0 0 29495 0 34500 0 22908 0 685087 0 0 0 Eduardo Locatelli Medical Director - NSU Health Neuro 452411 0 0 0 45178 0 34500 0 17912 0 550001 0 0 0 Ronald Chenail Provost/EVP Acad Affairs 471411 0 0 0 13951 0 34500 0 23315 0 543177 0 0 0 Steven Kaltman Dean - Coll of Dental Medicine 430466 0 7318 0 7060 0 34500 0 21841 0 501185 0 0 0 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 426951 0 0 0 26248 0 34500 0 11886 0 499585 0 0 0 Alyson Silva EVP Finance & CFO 411600 0 0 0 540 0 34500 0 28013 0 474653 0 0 0 Terry Mularkey VP Advancement & Community Relations 378629 0 0 0 35551 0 34500 0 6870 0 455550 0 0 0 Daniel Alfonso EVP Facilities, Safety, Campus Svcs 344543 0 0 0 18546 0 34500 0 16271 0 413860 0 0 0 Frederick Lippman Former Key Employee 281449 0 0 0 38374 0 28276 0 1910 0 350009 0 0 0 Stanley Wilson Interim Dean-Coll of Hlth Care Scs 221762 0 0 0 1690 0 22997 0 20552 0 267001 0 0 0 Guy Nehrenz Former Key Employee 150752 0 0 0 842 0 16065 0 21910 0 189569 0 0 0 Part I, Line 1a Supplemental Compensation Information: First class travel - Per the travel policy of Nova Southeastern University, Inc., all travel must be by the most direct or economical route. Higher fares may be reimbursable only when coach accommodations would: (1) require circuitous routing; (2) require travel during unreasonable hours; (3) greatly increase the duration of the flight; (4) result in additional costs which would offset the transportation savings; (5) offer accommodations which are not reasonably adequate for the medical needs of the traveler. These exceptions will require the traveler to submit a letter of approval signed by their Dean or Vice President. The NSU President/CEO is authorized to travel at a First Class fare (or business class if it is not available), while taking care to use available coupons, rewards or certificates when feasible. Charter travel is occasionally used for bona fide business purposes as deemed necessary due to scheduling constraints, geographic considerations, and mission related efficiency. Travel for companions - Per the travel policy of Nova Southeastern University, Inc., should a companion accompany the employee during a travel period, NSU will pay for only the normal single travel or meal costs associated with the NSU employee. NSU will not reimburse expenses associated with companion travel or meals. Any reimbursement authorized as an exception is subject to IRS guidelines and is considered taxable wages or income to the employee. Charter travel provided to companions is treated as taxable income to the NSU employee. Gross-up payments - Tax gross-up payments may occasionally be provided to university employees and in those instances are included in taxable compensation. Housing allowance - A housing allowance is included in President/CEO George L Hanbury's taxable compensation and reported in Schedule J, Part II, Column B(iii). Social club dues - The University provides certain executives with a club membership cash allowance, which is treated as taxable to the employee and included in his or her compensation. Part I, Line 4b President/CEO George L. Hanbury's employment agreement includes a deferred compensation arrangement. The estimated deferred amount attributable to one service year is reported in Schedule J, Part II, Column(C). Part I, Line 5 Steven Kaltman received an incentive bonus payment that was calculated as a percentage of net collections from dental clinic activity. Amounts paid are shown in Schedule J, Part II, Column(BII). A HEFFA Series 2016 900058227 34073TGK7 2016-05-12 103761055 Refund 2006 & 2011 0 0 0 B Town of Davie Florida Series 2018 596046527 23867PBU1 2018-07-27 157517526 Const. & Refund 2008A 0 0 0 C FDFC Series 2020A 593270584 34061UEZ7 2020-06-30 44529711 Refund 2009 & 2012B 0 0 0 A 4545000 103992585 985325 103007260 2016 1 1 1 1 B 6915000 158838362 4669058 1511755 98087636 54569913 2019 1 0 1 1 C 24765000 44529711 392680 44137031 2019 1 0 1 1 A 0 1 1 1 0 0.01780 0.01780 0 0 1 B 0 0 1 1 0 0 0 1 C 0 1 1 1 0 0.00170 0.00170 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 issued on February 15, 2011 Row B: (a)Town of Davie, Florida 2018 (f)Refund the outstanding 2008A Bonds and building an approximately 609-bed dormitory facility and approximately 1,300- space parking garage on main campus and may also be used to finance and refinance, all or in part, the acquisition,construction,improvement and equipping of other residence halls and classrooms located on the main campus Row C: (a)Florida Development Finance Corporation (FDFC)Series 2020A (f)Refund the outstanding Town of Davie, Florida Series 2009 and the HEFFA Series 2012B bond. The 2009 Bonds were reissued for federal income tax purposes on August 1, 2012. Part II, Line 3: Total proceeds of HEFFA/Series 2016 bond includes investments earnings totaling $231,530. Part II, Line 3: Total proceeds of Town of Davie, Florida 2018 bond includes investments earnings totaling $1,320,836 and the unused cost of issuance totaling $28,402 (explained more fully in Part VI Disclosure for Part II, Line 7). Part II, Line 7: Town of Davie, Florida series 2018 Cost of Issuance: The cost of issuance per the Form 8038 totaling 1,540,157 is $28,402 more than the amount reported on Part II, line 7 totaling $1,511,755 due to the actual cost of issuance being less than budgeted. As a result, the $28,402 was expended for Series 2018 projects. Part II, Line 13 The years of substantial completion reported on Part II, Line 13 represent the calendar year in which the University's fiscal year began. Part III, Line 2: The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University reports private business use through leases of bond-financed facilities on Part III, Line 4, except where it has determined that such use is fully offset with qualified equity through direct or floating allocation. Part III, Lines 3a and b The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. Other than private business use reported on Part III,line 3a, the University has determined that all management and service contracts fall within one of the available safe harbors under Rev. Proc. 97-13 or 2017-13, the incidental use exception, or are offset with qualified equity through direct or floating allocation. Part IV, Line 2c Issue Name: HEFFA Series 2016 Date the rebate computation was performed: 5/28/21 Issue Name: Town of Davie, Florida Series 2018 Date the rebate computation was performed: 9/8/23 Issue Name: FDFC Series 2020A Date the rebate computation was performed: The calculation was performed on 7/25/25 for the computation date of June 1, 2025 68473 Tuition Waivers/Scholarships for family members To attend Nova Southeastern University Jill Wallace-Ross Family member of current key employee, Elaine Wallace 276956 Employment at Nova Southeastern University, Inc. 0 X 10 0 X 9 834533 FMV X 35 0 X 6 0 X See Part II 8 0 X See Part II 5 0 1 0 1 0 Part I, Column (b): The amount reported is column (b) represents the number of contributions received throughout the year for each type of property listed. Schedule M, Part I, Line 25: Equipment - non cash contributions of various equipment. Schedule M, Part I, Line 26: Other - includes various items donated for events, such as catering or items to be auctioned, such as dining gift cards and tickets to special events. Schedule M, Part I, Line 33: Works of art on line 1(c) were not reported as revenue, as permitted under generally accepted accounting principles. A zero amount was reported for those contributions because the organization does not capitalize its collections, as allowed under ASC 958-360-25, formerly known as SFAS 116. Other than works of art, in instances where no amounts were reported in column (c), contribution revenue was not recorded based on immateriality. Form 990, Part VI, Section A, line 1a Explain delegation of authority to an executive committee by the governing body: In accordance to Nova Southeastern University bylaws, the Executive Committee, established by the Board of Trustees (BOT), consists of the Chair of the Board of Trustees who shall serve as Chair of the Executive Committee, the Vice Chair of the Board of Trustees, the President, the chairs of the standing committees of the Board, and no more than two (2) other members of the Board as designated by the Board Chair. The Executive Committee has the power to transact all business delegated to it by the BOT and shall, during periods between meetings of the BOT and for all matters of an urgent nature for which it is impractical or impossible to delay decisions until the next meeting of the BOT, have the power to transact all business of the BOT in the management of the Corporation, subject to any limitations otherwise imposed on the BOT as a whole. The Executive Committee shall have such additional powers as conferred upon it by the BOT, and shall report in writing to the BOT following each meeting. Form 990, Part VI, Section A, line 2 Trustees George Platt and Charles L. Palmer - business relationship. Form 990, Part VI, Section B, line 11b Describe the process used by the organization to review this Form 990: The Form 990 is prepared by the Nova Southeastern University Tax Department and reviewed by the Controller, then presented to the University's outside tax accountants (KPMG, LLP) for review. After review by the outside tax accountants, a draft copy of the Form 990 and all required schedules are provided for review to the Executive Vice President of Finance/Chief Financial Officer and the President/Chief Executive Officer of the University. Upon completion of the internal review, the final form 990 and all required schedules are initially provided to the Executive Committee of the Board of Trustees and subsequently made available to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Describe how the organization monitors and enforces compliance with its conflict of interest policy: Nova Southeastern University (NSU) has a written Conflict of Interest/Conflict of Commitment Policy which applies to all NSU employees. Anyone with knowledge of a conflict or potential conflict is required to immediately advise their Dean/Vice President or the Office of Human Resources. All full-time and part-time faculty members and staff members at the Director level and above are required to complete NSU's Conflict of Interest/Conflict of Commitment Declaration & Disclosure Statement, upon hire and then annually, identifying any actual or potential conflicts. If a potential or perceived conflict of interest/conflict of commitment is identified, the Dean/Vice President is responsible for developing and monitoring a Management plan to address and/or eliminate the conflict/conflict of commitment. Under the Conflict of Interest Policy affecting Trustees in the Audit and Compliance Committee Charter, Trustees have a duty at all times to promptly disclose in writing to the NSU President any current, proposed or pending situation that does or may constitute a Conflict of Interest. Additionally, the Policy requires that on an annual basis all Trustees must complete and sign a Disclosure/Conflicts of Interest Questionnaire. The policy states how conflicts are managed, reduced or eliminated and with respect to any Conflicts of Interest before the Audit and Compliance Committee or NSU's Board of Trustees, in no event may the trustee with the Conflict of Interest (1) be present, participate in the deliberations, or vote, or (ii) attempt to improperly influence the deliberations or the vote. The Trustee's Conflict of interest and recusal are noted in the minutes to any such meeting. Form 990, Part VI, Section B, line 15 Process for determining compensation of Officers and Key positions: A comparative analysis for the position of President/CEO is performed by the Vice President of Human Resources and provided to the compensation committee of the Board of Trustees whose members are appointed by the Board Chair. The analysis is reported to the Executive Committee, who informs the Board of Trustees. Compensation analysis and recommendations for other university officers and key positions are prepared by the Office of Human Resources and reviewed by the university's senior executives. Form 990, Part VI, Section C, line 19 Nova Southeastern University's audited financial statements are part of its Annual Report which is made available on its website at http://www.nova.edu/fop/. In addition, the public at large may receive a copy of the report upon request. The University's Conflict of Interest Policy is available on its website at https://www.nova.edu/hr/conflict-interest. The University's Articles of Incorporation can be requested by the public from the Florida, Department of State, Division of Corporations. The University's Bylaws are not made available to the public. NSU Grande Oaks LLC 3201 W Rolling Hills Circle Fort Lauderdale FL 33328 204811801 Golf Course FL 10155169 43603150 Nova Southeastern University Inc NSU Park Plaza LLC 3300 S University Drive Fort Lauderdale FL 33328 954893480 Commercial Real Estate FL -217801 2852184 Nova Southeastern University Inc NSU Health LLC 3300 S University Drive Fort Lauderdale FL 33328 863475957 Health services FL 0 0 Nova Southeastern University Inc NSU Guaranty Insurance Company LTD c/o Willis Mgt PO Box 30600 KY1 12 Grand Cayman CJ KY1-1203 Insurance Captive CJ Nova Southeastern University Inc C 38047830 1.00000 1 The Pointe Corp Office Park Prop Owners Assn Inc 3300 S University Drive Fort Lauderdale FL 33328 460743930 Prop Owner's Assn (no activity) FL Nova Southeastern University Inc C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 NSU Guaranty Insurance Company LTD S 1158765 claims reimbursed NSU Guaranty Insurance Company LTD R 92426 expenses reimbursed