2024-03-21T08:52:39-05:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 390806325 CARROLL UNIVERSITY INC CARR 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 PAUL ZINCK VP FOR FINANCE & ADMIN. 2625247200 2024-03-19 1 PAUL ZINCK XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2024-03-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDY GNADINGER 100 N EAST AVENUE WAUKESHA WI 53186 158887627 0 X WWW.CARROLLU.EDU X 1846 WI CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 25 24 2562 24 773875 0 16239838 5115282 124217273 127547753 5266917 5212327 -1317780 -1567149 144406248 136308213 50984950 51864120 0 0 2006888 49027362 71553 207590 1425803 86711719 41863162 139775110 142962234 4631138 -6654021 248345295 256678685 15005096 23396226 233340199 233282459 X CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY. 0 0 42748859 109476003 INSTRUCTION & ACADEMIC SUPPORT - SERVICES PROVIDED TO SUPPORT STUDENTS IN THE CLASSROOM AND SUPPORT OF CLASSROOM. CARROLL UNIVERSITY OFFERS MORE THAN 95 AREAS OF STUDY FOR STUDENTS TO DISCOVER AND EXPLORE THAT ARE HOUSED WITHIN TWO COLLEGES (COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF HEALTH SCIENCES) AND TWO SCHOOLS (SCHOOL OF BUSINESS AND SCHOOL OF EDUCATION AND HUMAN SERVICES). WE STRUCTURE THOSE WITH THE INDIVIDUAL GOALS AND NEEDS OF OUR STUDENTS IN MIND. OUR TOP MAJORS ARE NURSING, BUSINESS, EXERCISE SCIENCE, PSYCHOLOGY, BIOLOGY AND PHYSICAL THERAPY (GRADUATE). MANY OF OUR PROGRAMS OFFER THE FLEXIBILITY TO DOUBLE MAJOR OR ADD MINORS WHILE STILL GRADUATING IN FOUR YEARS. WE ALSO OFFER THE OPPORTUNITY TO COMPLETE SELECT MAJORS AND GET STARTED ON A CAREER SOONER WITH OUR CARROLL3 PROGRAMS. IN ADDITION, OUR DUAL DEGREE PROGRAMS MAKE IT CONVENIENT FOR STUDENTS TO EARN BOTH A BACHELOR'S AND MASTER'S DEGREE IN JUST FIVE YEARS. CARROLL ISN'T A ONE-SIZE-FITS-ALL KIND OF PLACE AND RECOGNIZES THAT EVERYONE IS DIFFERENT AND WE'RE HERE TO HELP EACH STUDENT GET THE MOST OUT OF THEIR ACADEMIC EXPERIENCE. IN EACH OF OUR AREAS OF STUDY, STUDENTS WILL GAIN A STRONG, FOUNDATIONAL KNOWLEDGE AND SKILLS THAT WILL PREPARE THEM FOR THEIR FUTURE. THEY WILL ENJOY SMALL CLASS SIZES AND PROFESSORS WHO GET TO KNOW THEM AND ARE INVESTED IN STUDENT SUCCESS. AT THE GRADUATE LEVEL, CARROLL OFFERS STUDENTS LOOKING TO TAKE THEIR EXPERTISE TO THE NEXT LEVEL WITH ACCELERATED, FLEXIBLE PROGRAMS THAT HELP THEM GO FARTHER, FASTER TO REACH THEIR PROFESSIONAL GOALS. 85400213 51864120 18057914 AUXILIARY & STUDENT SERVICES - SERVICES PROVIDED TO STUDENTS NOT RELATED TO THE CLASSROOM SUCH AS DORMITORY CHARGES AND BOARD PLANS AND SERVICES TO STUDENTS THAT ARE RELATED TO ACTIVITIES OUTSIDE THE CLASSROOM SUCH AS ATHLETICS, FINANCIAL AID AND ADMISSION. THE UNIVERSITY OFFERS A BROAD SCOPE OF ACTIVITIES AND PROGRAMMING FOR STUDENTS. THROUGH INTERCULTURAL PROGRAMMING, DIVERSITY INITIATIVES, MENTORING OPPORTUNITIES AND MORE, OUR OFFICE OF INTERCULTURAL AND DIVERSITY ENGAGEMENT WORKS TO CHALLENGE PRECONCEIVED NOTIONS AND ENRICH THE CARROLL COMMUNITY. STUDENTS LIVE OUT CARROLL'S MISSION OF SERVICE THROUGH VOLUNTEERING, MENTORSHIP PROGRAMS, CIVIC ENGAGEMENT AND MORE. CAMPUS SPIRITUAL LIFE INCLUDES WEEKLY PROGRAMS, RETREATS AND PARTNERSHIPS WITH LOCAL FAITH COMMUNITIES THAT GIVE STUDENTS MANY OPTIONS FOR REFLECTION AND WORSHIP. OTHER STUDENT ACTIVITIES AT CARROLL INCLUDE MORE THAN 50 STUDENT ORGANIZATIONS WHERE STUDENTS CAN JOIN TOGETHER TO EXPLORE THEIR INTERESTS AND DEVELOP LEADERSHIP SKILLS IN ORGANIZATIONS RELATED TO ACADEMIC PROGRAMS, SERVICE/ADVOCACY, DIVERSITY, STUDENT GOVERNMENT, RECREATION, ACTING, FRATERNITY AND SORORITY LIFE, ACAPELLA SINGING, OUTDOOR ACTIVITIES AND MORE. CARROLL IS HOME TO 23 NCAA DIVISION III ATHLETIC TEAMS (11 MEN'S SPORTS AND 12 WOMEN'S SPORTS) AND COMPETES IN THE NATIONALLY-RECOGNIZED COLLEGE CONFERENCE OF ILLINOIS AND WISCONSIN (CCIW). INCLUDED IN AUXILIARY PROGRAMMING ARE 12 HOUSING OPTIONS FROM TRADITIONAL RESIDENCE HALLS TO SUITE-STYLE UNITS AND APARTMENTS AND ALSO FLEXIBLE MEAL PLANS AND MENUS ARE OFFERED FOR ALL OF OUR SEVEN ON-CAMPUS DINING LOCATIONS. INSTITUTIONAL SUPPORT - THIS CATEGORY OF PROGRAMMING INCLUDES THE SENIOR LEADERSHIP TEAM, MARKETING AND COMMUNICATIONS, AND ALL OTHER NECESSARY FUNCTIONS TO LEAD AND SUPPORT THE UNIVERSITY'S STUDENTS AND ACADEMIC MISSION AT THE WAUKESHA, WISCONSIN CAMPUS AND OTHER FACILITIES MADE UP OF 1.3 MILLION SQUARE FEET OF SPACE IN OVER 65 BUILDINGS AND 160-PLUS ACRES OF LAND. ALSO INCLUDED HERE IS INSTITUTIONAL ADVANCEMENT WHICH IS FOCUSED ON FUNDRAISING AND DONOR RELATIONS AND THE ALUMNI RELATIONS DEPARTMENT REACHING OUT TO MORE THAN 23,000 CARROLL ALUMNI ACROSS ALL 50 STATES AND 33 COUNTRIES. ALL OTHER SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION ARE INCLUDED HERE INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION. 128149072 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 148 0 2562 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO IL KS KY MD MA MI NH NY OH OR WA WI ND X PAUL ZINCK 2625247200 100 N EAST AVENUE WAUKESHA WI 53186 CINDY GNADINGER PRESIDENT 40.00 X X 438474 0 77669 VICTORIA DOWLING VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 242086 0 33162 MARK BLEGEN PROVOST/VP FOR ACAD. AFFAIRS 40.00 X 244543 0 28783 THERESA BARRY VP FOR STUDENT AFFAIRS 40.00 X 194805 0 26383 CATHERINE JORGENS UNIVERSITY COUNSEL 40.00 X 192231 0 14091 PAUL ZINCK VP FOR FINANCE AND ADMINISTRATION 40.00 X 186963 0 11713 DAWN SCOTT VP FOR ENROLLMENT 40.00 X 162446 0 33991 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 40.00 X 156296 0 20070 KATHY KRAMER DEAN OF SCHOOL OF EDUCATION AND HUMAN SERV. 40.00 X 148213 0 19026 SARA DEPREY ASSOCIATE PROFESSOR OF PT 40.00 X 153761 0 11911 JAMES RYCHNER ASST VP FOR DEVELOPMENT 40.00 X 149636 0 12634 KAREEM MUHAMMAD DEAN OF THE COLLEGE OF ARTS 40.00 X 146878 0 8321 MOHAMMED BEY VP FOR INSTITUTIONAL INCLUSION 40.00 X 130957 0 22405 TIFFANY WYNN VP FOR MARKETING AND COMMUNICATIONS (THROUGH 08/2022) 40.00 X 106430 0 21267 DEBORAH BLOCK TRUSTEE/CHAIR 1.00 X X 0 0 0 DOUGLAS MUELLER TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 LYNDA JOHNSON TRUSTEE/TREASURER 1.00 X X 0 0 0 KATHY WOLFGRAM TRUSTEE/SECRETARY 1.00 X X 0 0 0 ANN LAATSCH TRUSTEE 1.00 X 0 0 0 BART WILLIAMS TRUSTEE 1.00 X 0 0 0 BLANE DEXHEIMER TRUSTEE 1.00 X 0 0 0 DAVID LAATSCH TRUSTEE 1.00 X 0 0 0 FRED STIER TRUSTEE 1.00 X 0 0 0 JACK RIESCH TRUSTEE 1.00 X 0 0 0 JAMES SCHNEIDER TRUSTEE 1.00 X 0 0 0 JANE HAMILTON TRUSTEE 1.00 X 0 0 0 JEFFERSON DEANGELIS TRUSTEE 1.00 X 0 0 0 JOHN HENGEL TRUSTEE 1.00 X 0 0 0 JOSEPH ZVESPER TRUSTEE 1.00 X 0 0 0 KRISTI CZARNECKI TRUSTEE 1.00 X 0 0 0 LATOYA CONNERS GRAY TRUSTEE 1.00 X 0 0 0 LAURA DEXTER TRUSTEE 1.00 X 0 0 0 LAURA FISHER-BONVALLET TRUSTEE 1.00 X 0 0 0 MARK D SMITH TRUSTEE 1.00 X 0 0 0 MARY WENDT MOASE TRUSTEE 1.00 X 0 0 0 SANDRA CUNNINGHAM TRUSTEE 1.00 X 0 0 0 SUSAN HAYES TRUSTEE 1.00 X 0 0 0 TOM SELLARS TRUSTEE 1.00 X 0 0 0 2653719 0 341426 50 0 1 0 CCS WISCONSIN JANITORIAL INC PO BOX 850403 MINNEAPOLIS MN 554850403 JANITORIAL SERVICES 321424 ABACUS SPORTS INSTALLATIONS LTD 2330 DAIRY RD LANCASTER PA 17601 SPORTS FLOOR INSTALLATION 300750 HEARTLAND BUSINESS SYSTEMS PO BOX 856846 MINNEAPOLIS MN 55485 OIT SUPPORT 272535 TRUITY PARTNERS LLC PO BOX 46610 MADISON WI 53744 ACCOUNTING CONTRACTED SERVICES 229469 ACTIVE FINISHING LLC 607A FOXMEAD PLACE WATERFORD WI 53185 PAINTING SERVICES 226359 23 70932 1676685 3367665 120239 5115282 TUITION AND FEES 900099 109476003 109476003 AUXILIARY ENTERPRISES 611710 18071750 18057914 13836 127547753 4640927 96700 4544227 23109393 22537993 571400 571400 571400 42680 70932 41421 1259 1259 SUMMER CONFERENCES 721000 663339 663339 OTHER INCOME 900099 -2231747 -2231747 -1568408 136308213 127533917 773875 2885139 51864120 51864120 1824366 1659432 164934 36556969 31475238 4463739 617992 2056263 1695518 329845 30900 5948219 4689165 1106850 152204 2641545 2171774 422495 47276 110507 110507 92890 92890 207590 207590 54922 54922 32302 32302 334200 87131 243763 3306 11331997 10568445 678221 85331 3462924 92231 3365308 5385 3963782 3899766 64016 2376996 2225532 98117 53347 212218 166703 38909 6606 48978 38980 9998 7769917 6846926 922991 762659 468133 294526 ALL OTHER EXPENSES 11308870 11859410 -601472 50932 142962234 128149072 13387359 1425803 724626 614510 6300776 5235339 5061587 4245945 1378692 1092630 1574931 335789 224609207 98392995 122897462 126216212 110391141 111024379 16080 7913881 248345295 256678685 4232935 4482966 3385522 4267044 1724314 1297494 5662325 13348722 15005096 23396226 X 151128742 146492030 82211457 86790429 233340199 233282459 248345295 256678685 X -6654021 6434429 161852 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81033098 1151200 7862177 3813649 86232826 94723057 1987912 -12690237 2987634 81033098 73553801 3450259 20462586 2743589 94723057 71164498 3862394 1137122 2610213 73553801 62142912 7740509 3287477 2006400 71164498 0.11000 0.57000 0.32000 1 0 7333307 7333307 161756318 62112206 99644112 10918235 6104982 4813253 29603499 20476898 9126601 14997848 9698909 5298939 126216212 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 460538 DEFERRED COMPENSATION 763004 ASSET RETIREMENT OBLIGATION 2766965 U.S. GOVERNMENT GRANTS REFUNDABLE 120656 OTHER LIABILITIES 1227615 LEASE LIABILITY PAYABLE 8009944 13348722 X 91081795 6434429 161852 6596281 84485514 51822699 51822699 136308213 91139544 41421 41421 91098123 51864111 51864111 142962234 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT ACADEMIC PROGRAMS, SCHOLARSHIPS AND OPERATIONS. PART X, LINE 2: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE 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, 2023 AND 2022. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION FOR FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 161,852. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES -41,421. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 51,864,120. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER DIRECT FUND RAISING EXPENSES 41,421. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 51,864,120. ROUNDING -9. 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 FOLLOWING WAS PUBLISHED IN THE STUDENT HANDBOOK AND BROCHURES USED FOR THE RECRUITMENT OF STUDENTS "CARROLL UNIVERSITY DOES NOT DISCRIMINATE IN ANY MANNER CONTRARY TO LAW OR JUSTICE ON THE BASIS OF RACE, COLOR, SEX, AGE, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY OR VETERANS STATUS IN ADMINISTRATION OF ITS EDUCATIONAL, ADMISSION, FINANCIAL AID, ATHLETIC, OR OTHER UNIVERSITY POLICIES AND PROGRAMS NOR IN THE EMPLOYMENT OF ITS FACULTY AND STAFF". SCHEDULE E, PART I, LINE 6 FINANCIAL AID AT CARROLL UNIVERSITY, INC. IS AVAILABLE TO STUDENTS WHO ARE DEGREE CANDIDATES, FOLLOWING GUIDELINES ESTABLISHED BY THE UNIVERSITY, THE U.S. DEPARTMENT OF EDUCATION AND THE WISCONSIN HIGHER EDUCATIONAL BOARD. THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING PROGRAMS ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION AND HEALTH AND HUMAN SERVICES AND THE WISCONSIN HIGHER EDUCATION AIDS BOARD: FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM,TEACH GRANT, FEDERAL PERKINS LOAN PROGRAM, FEDERAL COLLEGE WORK STUDY PROGRAM, FEDERAL DIRECT LOANS, PARENTS' LOAN PROGRAM, NATIONAL SCIENCE FOUNDATION, NATIONAL ENDOWMENT FOR THE HUMANITIES, WISCONSIN TUITION GRANT, WISCONSIN TIP GRANT, WISCONSIN MINORITY GRANT,WISCONSIN HANDICAP GRANT, WISCONSIN INDIAN GRANT, WISCONSIN COVENANT GRANT, WISCONSIN ACADEMIC EXCELLENCE SCHOLARSHIP, WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTIONS, WISCONSIN VETERAN'S AND HEALTH RESOURCES AND SERVICES ADMINISTRATION SCHOLARSHIPS X X X X X X X 1 FREEWILL CO PO BOX 5322 KINGWOOD TX 77325 FUNDRAISING 0 0 8995 0 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 MARKETING AND LEAD GENERATION 0 0 12230 0 J ROBERTS CONSULTING LLC 301 WEST WAYNE AVE WOOSTER OH 44691 FUNDRAISING 0 0 14600 0 MARKETING COMMUNICATION RESOURCE 4800 EAST 345TH ST WILLOUGHBY OH 44094 FUNDRAISING 0 0 139467 0 WASHBURN & MCGOLDRICK LLC 24 NORTH BRYN MAWR AVE 252 BRYN MAWR PA 19010 FUNDRAISING 0 0 32298 0 207590 CO CT IL KS KY MA MD MI MS ND NH NY OH OR WA WI NC PIONEER CLASSIC GOLF OUTING 105672 66997 38675 36082 TOAST TO PIONEER WOMEN 7940 3935 4005 570 4443 326 113612 70932 42680 570 4443 36408 41421 1259 1 SCHOLARSHIPS 2877 51864120 FMV PART I, LINE 2: THE ORGANIZATION MAINTAINS A POLICY AND PROCEDURES MANUAL WHICH OUTLINES THE ORGANIZATION'S POLICY ON AWARDING FEDERAL, STATE, AND INSTITUTIONAL ASSISTANCE TO STUDENTS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CINDY GNADINGER PRESIDENT 395855 0 25000 0 17619 0 59400 0 18269 0 516143 0 0 0 VICTORIA DOWLING VP FOR INSTITUTIONAL ADVANCEMENT 221250 0 20000 0 836 0 18401 0 14761 0 275248 0 0 0 MARK BLEGEN PROVOST/VP FOR ACAD. AFFAIRS 223414 0 20000 0 1129 0 15802 0 12981 0 273326 0 0 0 THERESA BARRY VP FOR STUDENT AFFAIRS 172366 0 20000 0 2439 0 14294 0 12089 0 221188 0 0 0 CATHERINE JORGENS UNIVERSITY COUNSEL 171422 0 20000 0 809 0 13714 0 377 0 206322 0 0 0 PAUL ZINCK VP FOR FINANCE AND ADMINISTRATION 173834 0 0 0 13129 0 11200 0 513 0 198676 0 0 0 DAWN SCOTT VP FOR ENROLLMENT 147042 0 15000 0 404 0 12976 0 21015 0 196437 0 0 0 THOMAS PAHNKE DEAN OF COLLEGE OF HEALTH SCIENCES 155988 0 0 0 308 0 12889 0 7181 0 176366 0 0 0 KATHY KRAMER DEAN OF SCHOOL OF EDUCATION AND HUMAN SERV. 147397 0 0 0 816 0 12199 0 6827 0 167239 0 0 0 SARA DEPREY ASSOCIATE PROFESSOR OF PT 143403 0 0 0 10358 0 11592 0 319 0 165672 0 0 0 JAMES RYCHNER ASST VP FOR DEVELOPMENT 149107 0 0 0 529 0 12159 0 475 0 162270 0 0 0 KAREEM MUHAMMAD DEAN OF THE COLLEGE OF ARTS 146700 0 0 0 178 0 1907 0 6414 0 155199 0 0 0 MOHAMMED BEY VP FOR INSTITUTIONAL INCLUSION 108051 0 0 0 22906 0 8633 0 13772 0 153362 0 0 0 PART I, LINE 4B THE FOLLOWING CONTRIBUTIONS WERE MADE TO AN INDIVIDUAL 457(F) PLAN: CINDY GNADINGER- $35,000 A PNC BANK 221146430 NONEAVAIL 2017-05-04 3425008 REFINANCE OF 2006 ISSUE, BUILDING IMPROVEMENTS 0 0 0 A 2131325 3425008 55113 3369895 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 A 1 STIER CONSTRUCTION INC SEE PART V BELOW 346544 DURING THE YEAR ENDED JUNE 30, 2023, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH STIER CONSTRUCTION INC. FRED STIER, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE OWNER OF STIER CONSTRUCTION INC. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 AURORA HEALTH CARE SEE PART V BELOW 163370 DURING THE YEAR ENDED JUNE 30, 2023, CARROLL UNIVERSITY ENGAGED IN BUSINESS WITH AURORA HEALTH CARE. DAVID LAATSCH, WHO IS ON THE CARROLL UNIVERSITY BOARD OF TRUSTEES, IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE. ALL BUSINESS THAT WAS CONDUCTED WAS AN ARM'S LENGTH TRANSACTION. 0 SCHEDULE L, PART IV, LINES 1-5, COLUMN B: LINE 1 - FRED STIER IS THE OWNER OF STIER CONSTRUCTION INC. & A TRUSTEE OF THE ORGANIZATION.LINE 2 - DAVID LAATSCH IS THE DIRECTOR OF STRATEGIC OPERATIONS AT AURORA HEALTH CARE & A TRUSTEE OF THE ORGANIZATION. X 1 250 FMV X 363 FMV X 13297 FMV X 9 97770 HIGH/LOW X 4 1296 FMV X 1 515 FMV X ACTIVITIES/SERVICES 3 3481 FMV X SPORTING TICKETS 10 2812 FMV X GIFT CARDS 4 455 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE UNIVERSITY BYLAWS PERMIT AN EXECUTIVE COMMITTEE OF THE BOARD TO TAKE ACTION BETWEEN REGULARLY SCHEDULED MEETINGS OF THE BOARD AND TO ACT ON MATTERS REFERRED TO IT BY THE BOARD. ACTIONS INVOLVING SELECTION OR TERMINATION OF THE PRESIDENT, TRUSTEE OFFICERS, THE UNIVERSITY MISSION, VISION AND BYLAWS, DEBT, SALE OF CERTAIN PROPERTY, BUDGET AND TENURE AND PROMOTION REQUIRE ACTION BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B CARROLL UNIVERSITY'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT AND REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. A DRAFT OF THE FULL DISCLOSURE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES AUDIT COMMITTEE FOR REVIEW AND THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF CARROLL UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICE OF THE PRESIDENT COLLECTS CONFLICT OF INTEREST DISCLOSURES ANNUALLY, CONFLICTS DISCLOSED ARE DISCUSSED WITH FINANCIAL OFFICERS AND, IF REQUIRED, TRUSTEES. IN ALL CASES, A PERSON WITH A CONFLICT IS EXCUSED FROM ANY DECISION RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF CARROLL UNIVERSITY, INC. ESTABLISH A COMPENSATION COMMITTEE THAT HAS GENERAL OVERSIGHT OF THE UNIVERSITY'S COMPENSATION PLAN. SPECIFIC DUTIES OF THE COMMITTEE INCLUDE THE RESPONSIBILITY TO: (A) REQUEST AND REVIEW, ON AT LEAST AN ANNUAL BASIS, THE COMPENSATION POLICIES FOR THE UNIVERSITY, INCLUDING ALL PERTINENT AND CURRENT COMPENSATION STUDIES, FORECASTS AND STATISTICS TO ENSURE THAT COMPENSATION IS NOT ONLY REASONABLE, BUT ALSO APPROPRIATE AND COMPETITIVE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL, INCLUDING THE PRESIDENT AND OTHER KEY EMPLOYEES. THE COMMITTEE MAY ALSO CONSIDER INPUT OBTAINED FROM OTHER MEMBERS OF THE BOARD, FACULTY, STAFF, STUDENTS, ALUMNI AND COMMUNITY MEMBERS. AN ANNUAL REPORT REGARDING THIS REVIEW SHALL BE PRESENTED TO THE FULL BOARD. (B) RECOMMEND TO THE BOARD, FOR APPROVAL, COMPENSATION CHANGES FOR THE PRESIDENT AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. DURING SUCH DELIBERATIONS, THE PRESIDENT AND OTHER KEY EMPLOYEES SHALL NOT BE PRESENT WHEN DISCUSSED. (C) OVERSEE THE DEVELOPMENT WHEN APPROPRIATE, THE EXECUTIVE AGREEMENT FOR THE PRESIDENT OF THE UNIVERSITY. (D) PERFORM ANY/ALL OTHER ACTIVITIES, AS REQUESTED BY THE BOARD THAT RELATE TO THE OVERSIGHT OF COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY AND OTHER KEY EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUES OF SPLIT INTEREST AGREEMENTS 161,852. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.