2024-05-10T09:47:49-05:00 2023-06-30 135565207 KPMG LLP 500 W 5th Street Suite 800 WinstonSalem NC 27101 990 2022-07-01 591083502 Nova Southeastern University Inc NOVA 9542625258 3300 S University Drive Fort Lauderdale FL 33328 George L Hanbury IIPhD President and CEO 9542627500 2024-03-25 1 George Hanbury IIPhD 999009999 0 Whitney B Hebron P01226647 3362753394 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Nova Southeastern University George L Hanbury IIPhD 3300 S University Drive Fort Lauderdale FL 33328 1454609660 0 X www.nova.edu X 1964 FL Nova Southeastern University's primary activity is to provide educational services. See Part III. 27 25 8557 1951 7412794 0 74738833 69821603 775737713 833830196 20698062 26475311 6930041 7691478 878104649 937818588 141795376 145586370 0 0 378494326 417806227 47443 5000 3381882 290771803 323295340 811108948 886692937 66995701 51125651 1951921009 1990847965 912176606 875454817 1039744403 1115393148 X The mission of NSU - a selective, doctoral research university - is to deliver innovative academic programs in a dynamic, lifelong learning and research environment fostering integrity, academic excellence, (continued on Schedule O)leadership, and community service through engaged students, faculty, and staff. 0 0 412088534 134915260 721639992 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 fields, including the humanities, biological and environmental sciences, business, counseling, computer and information sciences, conflict resolution, education, family therapy, medicine, dentistry, various other health professions, law, marine science, performing and visual arts, psychology, and other social sciences. Courses are taught at 4 South Florida campuses; 8 regional campus locations, including Puerto Rico; and at sites in 3 states, as well as foreign countries. (continued on Schedule O)NSU has 15 colleges and schools: 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 and the Guy Harvey Oceanographic Research Center; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; and the NSU University School. Expanding Undergraduates and Health Professions Programs:In fall 2022, NSU welcomed its largest undergraduate class with 1,978 first-time-in-college freshmen, an increase of 17 percent from its prior record of 1,689 in fall 2020. In line with NSU's strategic expansion of undergraduates, overall undergraduate enrollment has increased for the sixth year in a row, standing at 6,971 in fall 2022. The distinctive Dual Admission Program, offering prospective undergraduate students a reserved spot in selective graduate/professional programs, has continued to attract academically highly qualified students, supporting strategic goals for enhanced student quality, experience, and outcomes. Increased professional-level enrollment during fiscal 2023 was driven by strategic health professions expansion, with continued growth at the Tampa Bay Regional Campus. NSU's Dr. Kiran C. Patel College of Osteopathic Medicine (KPCOM) expanded its D.O. program to Tampa Bay beginning fall 2019. In fall 2022, KPCOM admitted its fourth class of 164 D.O. students in Tampa Bay, for a total Tampa Bay D.O. enrollment of 626. Beginning May 2022, the College of Dental Medicine expanded its D.M.D. program to the Tampa Bay Regional Campus. It admitted its second cohort in May 2023, for a total of 72 international dental students enrolled in Tampa Bay as of June 30, 2023. College Achievements: Two significant academic program recognitions occurred in fiscal 2023, each many years in the making. The H. Wayne Huizenga College of Business and Entrepreneurship received accreditation from AACSB International-The Association to Advance Collegiate Schools of Business (AACSB), the highest standard of achievement for business education. The Dr. Kiran C. Patel College of Allopathic Medicine (KPCAM) received full accreditation for its M.D. program from the Liaison Committee on Medical Education (LCME). NSU is one of only four universities in the United States to offer both a D.O. and M.D. program, and the first and only university in the state of Florida to grant both degrees. During fiscal 2023, NSU graduated 424 physicians (D.O. and M.D. graduates combined), helping to alleviate the local and national physician shortage. 110604551 29162 11921402 Academic Support: Programs include the NSU library system, computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. The university library system is composed of the Alvin Sherman Library, Research, and Information Technology Center; the Health Professions Division Library; the Law Center Library; the Oceanography Library; and the NSU University School Media Center. The 325,000-square-foot Alvin Sherman Library, Research, and Information Technology Center is a joint-use facility with the Broward County Board of County Commissioners. The facility contains electronic classrooms, group-study rooms, a large collaborative study room, a cafe, and (continued on Schedule O)service desks with staff trained and ready to serve library users.Beginning May 2022, the College of Dental Medicine expanded its D.M.D. program to the Tampa Bay Regional Campus. Approximately 19,000 square feet of the campus was outfitted to house a student clinic, simulation lab, and supporting offices and classrooms. Construction on the state-of-the art clinic was completed during fiscal 2023, with the first patients welcomed in May.In fiscal 2023, NSU continued developing its multiphased plan for strategic capital investments anticipated to play a major role in further advancing NSU's health and medical education, research, and patient care on the main campus in Fort Lauderdale/Davie.Other significant ongoing projects included renovating facilities to provide new locker rooms, improved fields, and other athletic amenities, as well as renewal and expansion of the university's chiller plants on the main campus in Fort Lauderdale/Davie. 76105434 749591 57292333 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)NSU has numerous residence halls on the main campus that serve its students. The residence halls are living/learning centers that provide an environment conducive to student success.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. 160284279 9892357 43363075 Nova Southeastern University goes beyond its primary mission by reaching out to the community with diverse service programs and community-based research. NSU is 1 of only 360 colleges and universities nationally selected for the Carnegie Foundation's Community Engagement Classification, and 1 of only 59 colleges and universities to hold both community engaged and high research activity designations. NSU delivers tangible benefits, including junior kindergarten through doctoral education, physical infrastructure, a professional workforce, employment opportunities, delivery of health care and law services in Broward and Miami-Dade counties, lifelong learning options, community-service initiatives, and public access to cultural and scholarly experiences. NSU continues to grow its academic and scientific research activities. More than 200 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 for Collaborative Research (CCR) consists of 215,000 square feet of research and collaborative spaces. This project is registered with the U.S. Green Building Council (USGBC) and is the first NSU facility to achieve a LEED certification level of Gold. The facility houses core facilities including Genomics, Flow Cytometry, Cell Therapy and Imaging. The CCR brings multiple disciplines together, with students and NSU faculty members partnering with professionals and organizations outside of the NSU community-furthering cutting-edge research and developing technologies that will benefit the global community. During fiscal 2023, NSU researchers conducted ongoing studies addressing topics of national significance and attained various new, multiyear grant awards. For example, the Halmos College of Arts and Sciences was collectively awarded approximately $3.3 million from the Florida Department of Environmental Protection for various coral reef research and mitigation efforts promoting the restoration, resilience, and diversity of coral species impacted by disease. KPCAM was awarded $2.3 million to establish a research program for nanomedicine, novel drug discovery, and cancer research. The Barry and Judy Silverman College of Pharmacy was awarded $1.5 million from the National Institutes of Health to enhance research training for underrepresented undergraduate students and to foster successful completion of biomedical graduate programs. The College of Computing and Engineering was awarded $2.5 million to build research and education infrastructure in high-performance computing and develop a high-skilled cybersecurity workforce. Also of note and in line with NSU's core value of innovation, the Alan B. Levan | NSU Broward Center of Innovation was awarded nearly $4.0 million in grants from the United States Department of Education to build artificial intelligence and spatial computing infrastructure to broaden access and meet workforce demands in South Florida's emerging technology sector. 160284279 9892357 43363075 759082798 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 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 27649 0 1 8557 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 1 0 X 27 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN MA MI NY SC X Alyson Silva VP of Finance & CFO 9542625258 3300 S University Dr Fort Lauderdale FL 33328 George L Hanbury II PhD President/Chief Executive Officer 37.50 0.10 X X 1251132 0 551562 Anthony N Ottaviani Trustee 1.50 0.10 X 962 0 0 Ronald G Assaf Trustee 2.00 0.10 X 0 0 0 Walter L Banks Sr Trustee 2.00 X 0 0 0 Mitchell W Berger Trustee 2.00 X 0 0 0 Rita Case Trustee 2.00 X 0 0 0 Suzi Cordish Trustee 1.50 X 0 0 0 R Douglas Donn Trustee 2.00 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 2.00 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 3.50 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 Charles L Palmer Chair 3.00 0.10 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 2.00 0.10 X 0 0 0 J Kenneth Tate Trustee 2.00 0.10 X 0 0 0 Zachariah P Zachariah Trustee 2.00 X 0 0 0 Michael Zager Trustee 2.50 X 0 0 0 Harry K Moon Exec VP & COO 37.50 X 523628 0 50713 Alyson Silva VP Finance & CFO 37.50 X 364426 0 55534 Elaine M Wallace Dean - Coll of Osteopathic Medicine 37.50 X 697447 0 48904 Ronald Chenail Provost/Exec VP Acad Affairs 37.50 X 447529 0 51614 Guy Nehrenz Interim Dean-Coll of Hlth Care Scs 37.50 X 241165 0 45080 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 37.50 X 666361 0 50061 Frederick Lippman Chancellor HPD 37.50 1.20 X 578456 0 32506 Steven Kaltman Dean - Coll of Dental Medicine 37.50 X 408142 0 50388 Ray Ferrero University Chancellor 37.50 X 402733 0 54495 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 37.50 X 374483 0 41875 Irving Rosenbaum Former Key Employee 37.50 X 293907 0 38766 Stanley Wilson Former Key Employee 37.50 X 177952 0 38005 6428323 0 1109503 770 1 1 0 Encompass Onsite Solutions 6555 Powerline Rd Ste 304 Ft Lauderdale FL 33309 Janitorial 15433320 Chartwells PO BOX 50196 Los Angeles CA 90074 Food Services 8528709 KL Media Partners 1820 N Corporate Lakes Blvd Suite Weston FL 33326 Advertising 4762978 Panza Maurer & Maynard PA 2400 E Commercial Blvd Ft Lauderdale FL 33308 Legal 4360139 Moss & Associates LLC 5401 W Kennedy Blvd Ste 1060 Tampa FL 33609 Construction 4353342 94 458053 2269382 36500453 30593715 4069823 69821603 Tuition and Fees 611710 758159856 758159856 Auxiliary Operation 611710 57125162 29695782 27429380 18545178 18518201 26977 833830196 17073719 104267 16969452 219436 88726 130710 130710 130710 511759839 13028702 512938290 2448659 -1178451 10580043 9401592 9401592 210459 458053 317847 -107388 -107388 2329955 997550 1332405 67189 1265216 Grande Oaks LLC 713910 6335751 319417 6016334 6335751 937818588 806760445 7412794 53823746 5668553 5668553 139917817 139917817 7042150 1233837 5294803 513510 331481585 291112545 39507668 861372 22849788 19857071 2918699 74018 33665018 29135885 4397952 131181 22767686 19687801 2988930 90955 8990973 111966 8875447 3560 608948 31000 577948 1340986 1340986 5000 5000 802061 802061 44424244 38484349 5540250 399645 7915606 346645 7558418 10543 31504638 25972351 5278581 253706 18906063 16667422 2204932 33709 9425 9325 100 78918923 66652070 12230208 36645 5575117 4784128 772636 18353 2509883 2219665 278192 12026 23874618 16398310 7476308 46148698 40271677 5690300 186721 18693964 11672496 7021468 Small Equipment 11132789 10743983 330268 58538 Dues and Subscriptions 5664779 4497291 1150737 16751 Bad Debt Expense 5568894 4458568 1110326 Special Promotions 4977455 3606627 719327 651501 5727276 5541416 161712 24148 886692937 759082798 124228257 3381882 45292587 23708429 21064796 31673142 57342951 61322914 27878317 28941385 4633368 4103303 865009 957728 11261034 12912936 1556358477 666512350 893935435 889846127 713176761 766641805 57971805 71974951 118498946 98765245 1951921009 1990847965 60180314 50164479 85925227 88239354 279948815 271058739 486122250 465992245 912176606 875454817 X 859129628 906215366 180614775 209177782 1039744403 1115393148 1951921009 1990847965 51125651 24523094 0 X 0 1 X 1 1 1 X 49646919 58628987 81396561 74738833 69821603 334232903 49646919 58628987 81396561 74738833 69821603 334232903 4079269 330153634 9574190 11571744 12448634 15915903 17293155 66803626 401036529 3707638085 0.82330 0.72650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 16500 1 1324485 0 0 1340985 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. Also included are travel costs for students and faculty to travel to Tallahassee, FL to participate in the American Association of Colleges of Osteopathic Medicine's "Dean's Day on the Hill" to educate legislators about their medical profession and voice their support for federal policies and programs that are vital to the full continuum of their profession. X X X X 0 200765883 13417375 15817036 2762221 2297976 224940097 226992581 10751961 -31605482 2142148 3231029 200765883 174150809 12450466 44868798 2405895 2071597 226992581 170727010 5165324 2173352 3239410 675467 174150809 161144576 8309461 5232608 3115159 844476 170727010 0.28000 0.53000 0.19000 0 0 94146 76699438 76793584 975502695 304739356 670763339 40815008 38790468 2024540 216143180 169603363 46539817 247104010 153379163 93724847 889846127 Other Current Liabilities 14301119 Accrued Insurance 19629436 Grande Oaks Other LT Liabilities 4175961 Current Student Deposit 8290182 Liabilities for Refundable Student Loans 4220481 Other Long Term Liabilities 10876200 Lease Liability 81581399 Taxable Bonds 322917467 465992245 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: Nova Southeastern University operates the NSU Art Museum Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. Part V, line 1g Col (a): The amounts listed in Part V, Line 1g, include endowment-related pledges receivable. As of June 30, 2023 endowment-related pledges receivable totaled $41.2 million. Part V, Line 4: The University's endowment consists of approximately 412 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 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 2023 or 2022. 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: Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX, and the Florida Civil Rights Act), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, to all the rights, privileges, programs, and activities generally accorded or made available to students at NSU and does not discriminate in the administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school-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 Investments 25931842 Europe 0 3 Program Services Education 13088 Central America/Caribbean 0 1 Program Service Education 165686 Central America/Caribbean 0 1 Program Service Mission Trip 7157 Middle East and North Africa 0 4 Program Service Mission Trip 21268 Middle East and North Africa 0 1 Program Service Research 1068 0 10 0 0 0 10 26140109 0 26140109 1 0 1 0 0 1 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. Part III Accounting Method: Museum Gala 276650 248700 27950 7100 40264 0 20795 NSU Golf Classic 244570 131422 113148 1000 45747 9750 82898 4 147292 77931 69361 800 24290 61123 24081 668512 458053 210459 8900 110301 70873 127774 317848 -107389 1 Central Florida Ahec Inc 328 S Central Ave Apopka FL 32703 593050122 501(C)(3) 1404766 0 Instruction Everglades Ahec 5725 Corporate Way Ste 102 West Palm Beach FL 33407 592740558 501(C)(3) 1203810 0 Instruction Research Triangle Institute PO BOX 12194 Research Triangle Park NC 27709 560686338 501(C)(3) 633044 0 Research Healthy Aquatics Marine Institute of Florida Inc 520 24th Street West Palm Beach FL 33407 813369434 501(C)(3) 287870 0 Research Coastal Eco-Group Inc 810 SE 8th Avenue Ste C Deerfield Beach FL 33441 203829350 258495 0 Research Miami Dade College 11011 SW 104 Street Miami FL 33176 591210485 501(C)(3) 223746 0 Instruction South Florida VA Foundation for Res 121 NW 16 Street Miami FL 33125 650207903 501(C)(3) 221772 0 Research Care Resource-Community Aids Resour 3510 Biscayne Blvd 300 Miami FL 33137 592564198 501(C)(3) 146705 0 Community Service Florida International University ORED MARC 470 Miami FL 33199 650177616 State of FL 145908 0 Research University of Miami PO Box 248106 Coral Gables FL 33146 590624458 501(C)(3) 121159 0 Research Boston University 881 Commonwealth Avenue Boston MA 02215 042103547 501(C)(3) 90058 0 Research Louisiana State University and Agricultural and Mechanical College 202 Himes Hall Baton Rouge LA 70803 726000848 State of LA 74023 0 Research Baylor College of Medicine Once Baylor Plaza BCM 200 Houston TX 77030 741613878 501(C)(3) 70529 0 Research SymbioSeas PO BOX 1189 Carolina Beach NC 28428 471900024 501(C)(3) 64000 0 Research Caridad Center 8645 W Boynton Beach Blvd Boynton Beach FL 33472 650149423 501(C)(3) 56668 0 Instruction University of Florida PO Box 113001 Gainesville FL 32611 596002052 State of FL 42728 0 Research University of Florida 4019 E Fowler Ave Suite 100 Tampa FL 33617 593102112 State of FL 42626 0 Research Smithsonian Institution 1000 Jefferson Drive S W Washington DC 20560 530206027 501(C)(3) 40630 0 Research Meta Media Training Intl Inc 5257 Buckeystown Pike Frederick MD 21704 522236176 37000 0 Instruction Healthy Aquatics Marine Institute of Florida Inc 520 24th Street West Palm Beach FL 33407 813369434 501(C)(3) 33206 0 Research Veterans Bio-Medical Research Institute Inc 385 Tremont Avenue East Orange NJ 07018 222995785 501(C)(3) 32384 0 Research Florida Atlantic University 777 Glades Road Boca Raton FL 33431 650385507 State of FL 32178 0 Instruction,Research Georgia Tech Research Corporation 926 Dalney Street NW Atlanta GA 30332 580603146 501(C)(3) 29684 0 Research Ocean Data Technologies Inc 31 School Street Hyannis MA 02601 510472003 28752 0 Research Florida Gulf Coast University 10501 FGCU Blvd Fort Myers FL 33965 650753801 State of FL 23599 0 Research Georgetown University 37th and O Streets NW Washington DC 20057 530196603 501(C)(3) 21902 0 Research South Florida Autism Charter School 18305 NW 75 Pl Hialeah FL 33015 263880489 501(C)(3) 20000 0 Instruction Perry Institute for Marine Science 5356 Main St PO Box 435 No1 Waitsfield VT 05673 591308004 501(C)(3) 13500 0 Research University of Pittsburgh 116 Atwood Street 201 Pittsburgh PA 15260 250965591 501(C)(3) 11424 0 Instruction,Research University of Central Florida PO Box 160118 Orlando FL 32816 592924021 State of FL 7736 0 Instruction Junior Achievement of South Florida 1130 Coconut Creek Blvd Coconut Creek FL 33066 590871446 501(C)(3) 90000 0 External Donation United Way Of Broward County Inc 1300 South Andrews Avenue Fort Lauderdale FL 33316 590624402 501(C)(3) 25000 0 External Donation 29 3 Student Financial Assistance 10691 139860479 n/a NSU Cares Support Fund 170 57338 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/Chief Executive Officer 803178 0 0 0 447954 0 528123 0 23439 0 1802694 0 0 0 Elaine M Wallace Dean - Coll of Osteopathic Medicine 681029 0 0 0 16418 0 30500 0 18404 0 746351 0 0 0 Johannes G Vieweg Dean - Coll Of Allopathic Medicine 650339 0 0 0 16022 0 30500 0 19561 0 716422 0 0 0 Frederick Lippman Chancellor HPD 507145 0 0 0 71311 0 30500 0 2006 0 610962 0 0 0 Harry K Moon Exec VP & COO 495051 0 0 0 28577 0 30500 0 20213 0 574341 0 0 0 Ronald Chenail Provost/Exec VP Acad Affairs 437018 0 0 0 10511 0 30500 0 21114 0 499143 0 0 0 Steven Kaltman Dean - Coll of Dental Medicine 402157 0 2207 0 3778 0 30500 0 19888 0 458530 0 0 0 Ray Ferrero University Chancellor 366932 0 0 0 35801 0 30500 0 23995 0 457228 0 0 0 Alyson Silva VP Finance & CFO 363754 0 0 0 672 0 30500 0 25034 0 419960 0 0 0 Brad Williams Snr VP Enrollment Mmgmt & Stud Affrs 371533 0 0 0 2950 0 30500 0 11375 0 416358 0 0 0 Irving Rosenbaum Former Key Employee 291606 0 0 0 2301 0 28702 0 10064 0 332673 0 0 0 Guy Nehrenz Interim Dean-Coll of Hlth Care Scs 238659 0 0 0 2506 0 24876 0 20204 0 286245 0 0 0 Stanley Wilson Former Key Employee 176869 0 0 0 1083 0 18308 0 19697 0 215957 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. When traveling by air, the Board of Trustees have approved the President and his spouse 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. Travel for companions - Per the travel policy of Nova Southeastern University, Inc., when a spouse or dependent accompanies the employee, the University will pay for only the travel costs of the employee. Occasionally, spouses of faculty and staff are asked to travel on University business. Spouse travel reimbursement by the University requires approval by a Dean or Officer, or their authorized representative. If the business purpose of the spousal travel is not properly documented, it will be taxed to the 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 provided to the president of the University. This allowance is fully taxable to the recipient. Social club dues - The university pays for club dues on behalf of certain executives, some of which are treated as taxable to the employee and included in his or her compensation. Part I, Line 4b 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 103992585 985325 103007260 2016 1 1 1 1 B 4510000 158838362 4669058 1511755 98087636 54569913 2019 1 0 1 1 C 15800000 44529711 392680 44137031 2019 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 1 1 1 0 0.00480 0.00480 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 1 0 0 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 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: FDFC, Series 2020A 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, Line 3 The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. 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 fully 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 38114 Tuition Waivers/Scholarships for family members To attend Nova Southeastern University 2712 Tuition Waivers/Scholarships for Key Employees to attend Nova Southeastern University Anne H Rambo Family member of former key employee, Irving Rosenbaum 169711 Employment at Nova Southeastern University, Inc. 0 Jill Wallace Ross Family member of current key employee, Elaine Wallace 265334 Employment at Nova Southeastern University, Inc. 0 X 17 0 X 0 X 0 X 23 4069823 FMV X 2 0 X 23 0 X 2 0 X See Part II 10 0 X See Part II 15 0 5 0 1 0 Part I, Column (b): The amount reported in 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 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 a 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 8545706 42379204 Nova Southeastern University Inc NSU Park Plaza LLC 3300 S University Drive Fort Lauderdale FL 33328 954893480 Commercial Real Estate FL 10262501 2856313 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 Health Professions Division Foundation Inc 3200 South University Dr Fort Lauderdale FL 33328 650456144 Support Org FL 501 (c) (3) Line 12c, III-FI N/A 0 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 36784551 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0