2026-05-12T15:24:11-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVENUE 17TH FLOOR WOODLAND HILLS CA 91367 990 2024-07-01 952786163 WOODBURY UNIVERSITY WOOD 8187670888 7500 NORTH GLENOAKS BLVD BURBANK CA 91504 JEFFREY BELLANTONI INTERIM PRESIDENT/SR. ACAD. OFFICER 8187670888 2026-05-12 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2026-05-12 2024 2025-03-06 01:10:19Z JEFFREY BELLANTONI 7500 NORTH GLENOAKS BLVD BURBANK CA 91504 51499979 0 X WWW.WOODBURY.EDU X 1884 CA UNIVERSITY PROGRAMS FOR STUDENTS THAT LEADS TO AN UNDERGRADUATE OR GRADUATE DEGREE. 7 6 404 7 -179900 0 10931971 1684012 37530965 41996015 182938 530731 3404773 2828499 52050647 47039257 18938166 19551211 0 0 21940568 16352196 0 0 334252 18542049 11871068 59420783 47774475 -7370136 -735218 42806608 42039796 28849517 27664135 13957091 14375661 X WOODBURY UNIVERSITY EMPOWERS PEOPLE TO DO EXTRAORDINARY THINGS. WE TRANSFORM STUDENTS INTO LIBERALLY EDUCATED PROFESSIONALS AND SOCIALLY RESPONSIBLE CITIZENS BY INTEGRATING LIBERAL ARTS, DESIGN THINKING, ENTREPRENEURSHIP, AND CIVIC ENGAGEMENT INTO ALL PROGRAMS. WE ACHIEVE ACADEMIC EXCELLENCE BY CREATING EXTERNAL PARTNERSHIPS, IMPLEMENTING EFFECTIVE INTERNAL PROCESSES, AND ENSURING QUALITY IN ALL PROGRAMS AND SERVICES.SUCCESSFUL WOODBURY GRADUATES ARE AMBASSADORS FOR THE UNIVERSITY. THEY ARE INNOVATIVE LEADERS WHO HELP INDIVIDUALS AND COMMUNITIES FLOURISH. THEY ARE KNOWN FOR BEING STRONG COMMUNICATORS, ETHICAL THINKERS AND CREATIVE PROBLEM-SOLVERS WITH A DEEP COMMITMENT TO SUSTAINABILITY AND SOCIAL JUSTICE. THEY ARE KNOWLEDGEABLE IN THEIR DISCIPLINES AND EAGER FOR COLLABORATION AND CONTINUOUS LEARNING. THEY INTEGRATE PROFESSIONAL SKILLS WITH GLOBAL CITIZENSHIP, ENTREPRENEURIAL ENERGY, AND INTELLECTUAL CURIOSITY. WOODBURY GRADUATES MAKE A DIFFERENCE. 0 0 41896025 19551211 41996015 WOODBURY UNIVERSITY TRANSFORMS STUDENTS INTO INNOVATIVE PROFESSIONALS WHO WILL CONTRIBUTE RESPONSIBLY TO THE GLOBAL COMMUNITY. WE ACHIEVE ACADEMIC EXCELLENCE BY FOCUSING ON PURPOSEFUL STUDENT ENGAGEMENT, ESTABLISHING EXTERNAL PARTNERSHIPS AND ENSURING THAT ALL OUR PROCESSES, SERVICES AND ENVIRONMENT ENRICH THE STUDENT EXPERIENCE. IN FY25, THE UNIVERSITY SERVED 823 STUDENTS ACROSS UNDERGRADUATE AND GRADUATE PROGRAMS, OFFERING 35 MAJORS. 41896025 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1283 0 1 404 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MAURO DIAZ INTERIM VP OF FINANCE AND CFO 8182525297 7500 GLENOAKS BLVD BURBANK CA 915107846 KRISTA L NEWKIRK TRUSTEE 1.00 71.00 X 0 601429 79380 JAMISON J ASHBY CHAIR 1.00 6.00 X X 0 0 0 BRADLEY N ADAMS TRUSTEE 1.00 4.00 X 0 0 0 DAVID P ENZMINGER TRUSTEE 1.00 4.00 X 0 0 0 AFSHIN KATEB TRUSTEE 1.00 2.00 X 0 0 0 GREGORY LIPPE TRUSTEE 1.00 2.00 X 0 0 0 SONNY WARD TRUSTEE 1.00 0.00 X 0 0 0 MAURO DIAZ - INTERIM VP OF FINANCE AND CFO (AS OF 07/24) 40.00 0.00 X 181836 0 10403 SETA JAVOR VP, EXECUTIVE RELATIONS (THRU 06/24) 40.00 0.00 X 139822 0 5938 BRADLEY MITCHELL INTERIM CFO (THRU 06/24) 40.00 0.00 X 0 0 0 BARRY RYAN PRESIDENT AND CEO (THRU 06/24) 40.00 0.00 X 438480 0 31296 MICHELE A STARKEY - SENIOR VP, ACADEMIC AFFAIRS (THRU 06/24) 40.00 0.00 X 260122 0 764 JEFFREY BELLANTONI - INTERIM PRES/SR ACAD OFFICER (AS OF 07/24) 40.00 0.00 X 229371 0 24371 JOAN MARQUES DEAN, SCHOOL OF BUSINESS 40.00 0.00 X 206240 0 11499 HEATHER FLOOD DEAN, SCHOOL OF ARCHITECTURE 40.00 0.00 X 193890 0 11540 NAIRA ZAKARIAN SENIOR DIRECTOR, HR 40.00 0.00 X 140102 0 34483 SATINDER DHIMAN PROFESSOR VI 40.00 0.00 X 159422 0 11625 SABRINA TAYLOR-ENCARNACION ASSOCIATE VP, ADMISSIONS 40.00 0.00 X 158125 0 11739 SHARON TOWNSEND - SENIOR DIR, DEVELOPMENT & ALUMNI AFFAIRS 40.00 0.00 X 158044 0 10336 FARNOOSH FOROUZANDEH DIRECTOR, IT 40.00 0.00 X 137724 0 464 RANDALL A STAUFFER PROFESSOR VI 40.00 0.00 X 116653 0 12257 2519831 601429 256095 43 1 1 1 HILLTOP SECURITIES INC 717 HARDWOOD STREET SUITE 3400 DALLAS TX 95201 CONSULTING 1509750 BON APPETIT PO BOX 50196 LOS ANGELES CA 900740196 FOOD SERVICE 1406687 THOMPSON COBURN LLP PO BOX 18379M ST LOUIS MO 63195 LEGAL SERVICES 850854 SECURITAS SECURITY SERVICES USA INC 16909 PARTHENIA STREET NORTH HILLS CA 91343 SECURITY SERVICES 658424 DAVID M LEWIS COMPANY LLC PO BOX 779238 CHICAGO IL 606779238 CONSULTING 428393 22 511476 808477 364059 7982 1684012 TUITION AND FEES 611310 41996015 41996015 41996015 286791 286791 118487 298387 -179900 -179900 -179900 4406275 4162335 243940 243940 243940 ROOM AND BOARD 611710 2693108 2693108 MISCELLANEOUS REVENUE 611710 193941 193941 PARKING PERMITS 611710 121350 121350 3008399 47039257 41996015 -179900 3539130 19551211 19551211 1228913 91584 1092142 45187 127675 62561 63837 1277 12256357 11642185 474119 140053 1721937 1423877 275829 22231 1017314 869846 133197 14271 83754 83754 193451 193451 100052 100052 856098 371404 484494 200 522308 34814 487494 475373 216286 247734 11353 798369 240801 545346 12222 1228758 1175775 19001 33982 117274 105186 9835 2253 88331 58131 29063 1137 919381 919381 2141977 2141977 629287 422901 206386 RESIDENTIAL FOOD SERVIC 1137498 1137498 RESTRICTED EXPENSES 526887 526887 SECURITY 505063 504838 225 BAD DEBT 425606 425606 1121601 892657 178858 50086 47774475 41896025 5544198 334252 155079 300480 1090388 1671846 273517 31444 991946 2513397 707044 533687 86173961 58900584 29072029 27273377 8596214 9320389 191732 151056 1728659 244120 42806608 42039796 1433697 574192 505844 298780 21470996 21039873 5438980 5751290 28849517 27664135 X 5030301 5182056 8926790 9193605 13957091 14375661 42806608 42039796 X -735218 347447 806341 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6554362 7277 692922 393261 6861300 13613577 1258630 8317845 6554362 19155677 39387 1294956 6876443 13613577 23307718 62205 -3952140 262106 19155677 20070284 111236 3311094 184896 23307718 0.00000 0.87300 0.12700 0 0 7384774 7384774 60881903 42443121 18438782 13072484 11909669 1162815 4834800 4547794 287006 27273377 DUE TO RELATED PARTIES 4038083 ACCRUED PENSION 556892 STUDENT FUNDS PAYABLE/DEPOSITS 529608 OTHER PAYABLES 406706 GIFT ANNUITY OBLIGATION 114032 FINANCE LEASE LIABILITIES 105969 5751290 X 28915649 347447 347447 28568202 64836 18406219 18471055 47039257 28456815 298387 298387 28158428 64836 19551211 19616047 47774475 PART V, LINE 4: THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE MARKET VALUE AS OF THE DONATION DATE OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREFORE NOT SUBJECT TO INCOME TAXES FOR ACTIVITIES RELATED TO ITS EXEMPT PROGRAMS. MANAGEMENT IS NOT AWARE OF ANY EVENT THAT WOULD CAUSE THE UNIVERSITY TO BE DISQUALIFIED FROM ITS TAX EXEMPT STATUS. THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 AND 2024. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 OR 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY -846,605. EXPENSE RECLASS - FINANCIAL AID 14,132,784. EXPENSE RECLASS - FUNDED SCHOLARSHIPS 187,838. RENTAL EXPENSES -298,387. EXPENSE RECLASS - CAL GRANTS 2,434,531. EXPENSE RECLASS - PELL GRANTS 2,796,058. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 298,387. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE RECLASS - FUNDED SCHOLARSHIPS 187,838. EXPENSE RECLASS - FINANCIAL AID 14,132,784. EXPENSE RECLASS - CAL GRANTS 2,434,531. EXPENSE RECLASS - PELL GRANTS 2,796,058. 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 UNIVERSITY'S NONDISCRIMINATION POLICY IS STATED IN ALL UNIVERSITY PUBLICATIONS, APPLICATIONS, RECRUITING LITERATURE, CATALOGUES, ETC. IT IS ALSO POSTED PROMINENTLY ON CAMPUS AND ON THE HOMEPAGE OF THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE PERKINS LOAN PROGRAM, THE CAL GRANT PROGRAM, AND THE PELL GRANT PROGRAM. 1 INSTITUTIONAL STUDENT AID 841 14132784 PELL GRANT 449 2796058 CAL GRANT 275 2434531 FUNDED SCHOLARSHIPS 70 187838 PART I, LINE 2: FOR ADMINISTERING GOVERNMENT GRANT FUNDS, TITLE V PROJECT MANAGER(S) REVIEWS THE DO-NOT-USE VENDOR LIST PUBLISHED BY THE GOVERNMENT TO BE IN COMPLIANCE WITH G5 (SAM) REQUIREMENTS. FINANCIAL AIDS DISBURSEMENTS ARE POSTED TO STUDENT'S ACCOUNT BASED ON THE APPROVED COST OF ATTENDANCE FOR EACH STUDENT. THE POSTED FINANCIAL AID IS THEN USED TO OFFSET THE COST OF TUITION AND OTHER EDUCATION RELATED EXPENSES. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 KRISTA L NEWKIRK TRUSTEE 0 484260 0 107100 0 10069 0 23000 0 56380 0 680809 0 0 BARRY RYAN PRESIDENT AND CEO (THRU 06/24) 167453 0 75000 0 196027 0 0 0 31296 0 469776 0 0 0 MICHELE A STARKEY - SENIOR VP, ACADEMIC AFFAIRS (THRU 06/24) 115197 0 0 0 144925 0 0 0 764 0 260886 0 0 0 JEFFREY BELLANTONI - INTERIM PRES/SR ACAD OFFICER (AS OF 07/24) 207892 0 0 0 21479 0 0 0 24371 0 253742 0 0 0 JOAN MARQUES DEAN, SCHOOL OF BUSINESS 179578 0 0 0 26662 0 0 0 11499 0 217739 0 0 0 HEATHER FLOOD DEAN, SCHOOL OF ARCHITECTURE 178607 0 0 0 15283 0 0 0 11540 0 205430 0 0 0 MAURO DIAZ - INTERIM VP OF FINANCE AND CFO (AS OF 07/24) 164796 0 0 0 17040 0 0 0 10403 0 192239 0 0 0 NAIRA ZAKARIAN SENIOR DIRECTOR, HR 127653 0 0 0 12449 0 0 0 34483 0 174585 0 0 0 SATINDER DHIMAN PROFESSOR VI 127055 0 0 0 32367 0 0 0 11625 0 171047 0 0 0 SABRINA TAYLOR-ENCARNACION ASSOCIATE VP, ADMISSIONS 141219 0 0 0 16906 0 0 0 11739 0 169864 0 0 0 SHARON TOWNSEND - SENIOR DIR, DEVELOPMENT & ALUMNI AFFAIRS 142664 0 0 0 15380 0 0 0 10336 0 168380 0 0 0 RANDALL A STAUFFER PROFESSOR VI 116114 0 0 0 539 0 0 0 12257 0 128910 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED TO THE OUTGOING PRESIDENT AND WAS INCLUDED IN TAXABLE COMPENSATION. MOVING COST REIMBURSEMENT WAS PROVIDED TO THE OUTGOING PRESIDENT AS TAXABLE COMPENSATION. PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE IN 2024: SETA JAVOR - $49,648 BARRY RYAN - $111,750 MICHELLE STARKEY - $117,500 SCHEDULE J, PART II: THE UNIVERSITY PAID THE REGISTRY, AN UNRELATED TEMPORARY HIGHER ED ADMINISTRATIVE POSITION COMPANY, FOR PROVIDING SERVICES FOR VARIOUS MANAGEMENT POSITIONS AS NEEDED. THE INTERIM CFO, BRADLEY MITCHELL, LISTED ON FORM 990, PART VII WAS PAID BY THE REGISTRY FOR IMPLEMENTATION OF POLICIES, BUDGETS, GOALS, AND PLANNING TO EXECUTE THE EXEMPT MISSION OF THE UNIVERSITY. HE BEGAN IN THE POSITION AS OF AUGUST 2023 AND HIS ASSIGNMENT AT THE UNIVERSITY ENDED IN JUNE 2024. THE UNIVERSITY APPOINTED A NEW INTERIM VP OF FINANCE/CFO, MAURO DIAZ, ON JULY 1, 2024. THE UNIVERSITY PAID THE REGISTRY $166,250 IN CONNECTION WITH THESE SERVICES DURING CALENDAR YEAR 2024. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2021-12-29 23000000 TO REFUND 2014 TAX-EXEMPT BOND 0 0 0 A 1693241 23000000 165106 22834894 2021 1 0 1 1 A 0 1 0 0 0.00000 0.01680 0.01680 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY PAID THE REGISTRY, AN UNRELATED TEMPORARY HIGHER ED ADMINISTRATIVE POSITION COMPANY, FOR PROVIDING SERVICES FOR VARIOUS MANAGEMENT POSITIONS AS NEEDED. THE INTERIM CFO, BRADLEY MITCHELL, LISTED ON FORM 990, PART VII WAS PAID BY THE REGISTRY FOR IMPLEMENTATION OF POLICIES, BUDGETS, GOALS, AND PLANNING TO EXECUTE THE EXEMPT MISSION OF THE UNIVERSITY. HE BEGAN IN THE POSITION AS OF AUGUST 2023 AND HIS ASSIGNMENT AT THE UNIVERSITY ENDED IN JUNE 2024. THE UNIVERSITY APPOINTED A NEW INTERIM VP OF FINANCE/CFO, MAURO DIAZ, ON JULY 1, 2024. THE UNIVERSITY PAID THE REGISTRY $166,250 IN CONNECTION WITH THESE SERVICES DURING CALENDAR YEAR 2024. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE SOLE MEMBER, UNIVERSITY OF REDLANDS. FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS ARE APPOINTED BY THE UNIVERSITY OF REDLANDS. ONE BOARD SEAT SHALL BE FILLED BY THE PRESIDENT OF THE UNIVERSITY OF REDLANDS OR THEIR PERMITTED DESIGNEE. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE CORPORATE MEMBER, UNIVERSITY OF REDLANDS, MUST APPROVE ALL CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS AS WELL AS SIGNIFICANT TRANSACTION DECISIONS BROUGHT TO THE BOARD OF DIRECTORS INCLUDING (A) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATIONS ASSETS; (B) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ANY ASSET OR GROUP OF SIMILAR ASSETS OF THE ORGANIZATION WITH A COMBINED FAIR MARKET VALUE IN EXCESS OF $250,000; (C) THE LICENSING OR OTHER TRANSFER OF INTELLECTUAL PROPERTY (OR RIGHTS THERETO) OF THE ORGANIZATION FOR CONSIDERATION TO ANY OTHER PARTY, EXCEPT WHERE THE LICENSING OR OTHER TRANSFER IS "SUBSTANTIALLY RELATED" TO THE ORGANIZATION'S EXEMPT PURPOSE; AND (D) THE ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OR THE ORGANIZATION IN AN AMOUNT EXCEEDING $500,000, WHETHER OR NOT IN THE ORDINARY COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, GENERAL COUNSEL, AND THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH THE INDEPENDENT ACCOUNTANT AND ACCEPTS THE FILINGS. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MAINTAINS A COMPREHENSIVE CONFLICT OF INTEREST POLICY THAT COVERS TRUSTEES, EXECUTIVE MANAGEMENT, FACULTY, AND ALL OTHER EMPLOYEES WITH DISCRETIONARY AUTHORITY OVER UNIVERSITY AFFAIRS. THE UNIVERSITY DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ANNUALLY TO TRUSTEES, PRESIDENT'S CABINET, OTHER SENIOR MANAGEMENT, BUDGET MANAGERS, GRANT MANAGERS, AND OTHER EMPLOYEES WITH DISCRETIONARY AUTHORITY DECISION MAKING RESPONSIBILITY. ALL INDIVIDUALS COVERED BY THE POLICY ARE REQUIRED TO DISCLOSE ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS OF INTEREST IN WRITING. DISCLOSURES ARE REVIEWED BY THE APPLICABLE PARTY BASED ON POSITION. THE APPLICABLE PARTY THEN DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION IS AUTHORIZED AS JUST, FAIR, AND REASONABLE. IF A CONFLICT IS DEEMED TO EXIST, A CONFLICT MANAGEMENT PLAN IS DEVELOPED WITH THE APPLICABLE PARTIES, WHICH COULD INCLUDE ACTIONS INCLUDING RECUSAL FROM PARTICIPATING IN ANY CONSIDERATION OR DECISION RELATED TO THE TRANSACTION. SUCH DISCLOSURE AND ABSTENTION FROM A VOTE IS MADE PART OF THE RECORD OF THE BOARD'S MEETINGS. THE CONFLICT OF INTEREST QUESTIONNAIRES AND ANY ACTIONS TAKEN ARE KEPT IN COMPLIANCE WITH THE UNIVERSITY'S RECORD RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION WAS REVIEWED TO ESTABLISH THE APPROPRIATE LEVEL OF EXECUTIVE COMPENSATION. EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. THE MOST RECENTLY CONDUCTED EXECUTIVE COMPENSATION STUDY WAS COMPLETED IN MARCH 2025 FOR THE PRESIDENT. THE MOST RECENT STUDY FOR OTHER EXECUTIVE POSITIONS WHICH INCLUDE THE OTHER OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY WAS COMPLETED DURING MAY 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY 846,605. PERKINS LOAN CONTRIBUTIONS RETURNED TO DEPARTMENT OF EDUCATION -40,264. UNIVERSITY OF REDLANDS 1200 E COLTON AVENUE REDLANDS CA 92373 951643389 PUBLIC EDUCATION CA 501(C)(3) LINE 2 0 PRESIDIO GRADUATE SCHOOL 105 SEMINARY ROAD SAN ANSELMO CA 94960 943185612 PUBLIC EDUCATION CA 501(C)(3) LINE 2 UNIVERSITY OF REDLANDS 0 POOLED INCOME FUND (1) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 0 CHARITABLE REMAINDER UNITRUSTS (6) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 0 CHARITABLE REMAINDER TRUSTS (2) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0