2025-04-14T14:11:58-05:00 2024-05-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-06-01 231352620 ARCADIA UNIVERSITY ARCA 2155722900 450 S EASTON ROAD GLENSIDE PA 19038 JOAN SINGLETON CFO CFO 2155722900 2025-04-14 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-04-03 2023 2025-03-06 01:10:19Z JOAN SINGLETON 450 S EASTON ROAD GLENSIDE PA 19038 185993000 0 X WWW.ARCADIA.EDU X 1853 PA ARCADIA UNIVERSITY PROVIDES A DISTINCTIVELY GLOBAL, INTEGRATIVE, AND PERSONAL LEARNING EXPERIENCE FOR INTELLECTUALLY CURIOUS UNDERGRADUATE AND GRADUATE STUDENTS IN PREPARATION FOR A LIFE OF SCHOLARSHIP, SERVICE, AND PROFESSIONAL CONTRIBUTION. 18 17 970 800 40254 34416 5690000 5338000 145646000 155175000 3123000 3082000 916000 825000 155375000 164420000 45686000 45587000 0 0 55757000 57235000 0 0 1506000 60090000 67665000 161533000 170487000 -6158000 -6067000 238015000 242566000 97177000 102450000 140838000 140116000 X ARCADIA UNIVERSITY'S PIONEERING, GLOBAL, INTEGRATED, LIBERAL ARTS, AND PROFESSIONAL LEARNING EXPERIENCE CULTIVATES LEADERS WHO ARE INTELLECTUALLY FEARLESS AND UNIQUELY PREPARED FOR LIFE AND WORK. OUR HIGHLY REGARDED, VALUES-BASED LEARNING COMMUNITY REFLECTS THE WORLD IN WHICH WE WANT TO LIVE. 0 0 93745000 40983000 101983000 ARCADIA UNIVERSITY OFFERS A HIGH-QUALITY LIBERAL ARTS EDUCATION. STUDENTS CHOOSE FROM OVER 65 MAJOR FIELDS OF STUDY IN THE SCIENCES, HEALTH SCIENCES, EDUCATION, ARTS AND HUMANITIES, AND BUSINESS EARNING THEIR BACHELOR'S, MASTER'S, PROFESSIONAL CERTIFICATES, AND DOCTORAL DEGREES. 99% OF ARCADIA'S FULL-TIME UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS AND SCHOLARSHIPS. ARCADIA ALSO OFFERS STUDENTS ACADEMIC SUPPORT PROGRAMS, INCLUDING THE GATEWAY TO SUCCESS PROGRAM, WHICH INCLUDES ACT101 SERVICES FOR PA RESIDENTS WHO QUALIFY. STUDENTS RECEIVE PERSONAL ATTENTION AND RESOURCES THROUGHOUT THE ACADEMIC YEAR TO HELP THEM SUCCEED. 35569000 759000 40315000 ARCADIANS ARE DRIVEN TO SEEK, EXPERIENCE, AND UNDERSTAND BROAD AND VARIED PERSPECTIVES, PREPARING THEM TO THRIVE IN AN INTERCONNECTED WORLD. ARCADIA UNIVERSITY IS DISTINCT IN THAT OUR UNDERGRADUATE AND GRADUATE STUDENTS ENGAGE IN REAL-WORLD LEARNING OPPORTUNITIES, INCLUDING INTERNSHIPS, EVIDENCE-BASED RESEARCH, SERVICE LEARNING, MULTI-DISCIPLINARY AND EXPERENTIAL LEARNING THAT EXPANDS BEYOND THE CLASSROOM. THE ARCADIA UNDERGRADUATE CURICULUM (AUC) ENSURES IMMERSION WITH GLOBAL ISSUES THROUGH STUDY ABROAD OR DOMESTIC PROGRAMMING. ARCADIA CONTINUES TO RANK NATIONALLY FOR STUDY ABROAD PARTICIPATION AND PROVIDES ONE OF THE MOST EXTENSIVE UNIVERSITY STUDY ABROAD PROGRAMS IN THE NATION. OUR GLOBAL PROGRAMS CONTINUE TO EDUCATE OVER 3,000 UNDERGRADUATE STUDENTS FROM U.S. INSTITUTIONS EVERY YEAR. 11730000 3845000 12877000 WE BELIEVE THAT LIVING IN CLOSE PROXIMITY TO PEOPLE FROM DIFFERENT BACKGROUNDS IS A CRITICALLY IMPORTANT WAY FOR STUDENTS TO LEARN IMPORTANT LIFE SKILLS, AND WE TREAT RESIDENTIAL LIFE AS AN IMPORTANT OPPORTUNITY FOR LEARNING. OUR DESIRE IS TO ENSURE THAT STUDENTS' LIVING ARRANGEMENTS SUPPORT AND ENHANCE THEIR EDUCATIONAL WORK AND GOALS. WHILE OUR PRIMARY GOAL IS TO PROVIDE SAFE LIVING ENVIRONMENTS CONDUCIVE TO STUDY AND ACADEMIC SUCCESS, WE ENCOURAGE AND SUPPORT THE DEVELOPMENT OF THE FOLLOWING CORE COMPETENCIES IN OUR STUDENTS: DIVERSITY AND INCLUSION; GLOBAL PERSPECTIVES; CIVIC ENGAGEMENT; CITIZENSHIP; SELF-ADVOCACY; PROBLEM-SOLVING; RESPECT FOR OTHERS; AND THE DEVELOPMENT OF IDENTITY, PURPOSE, AND INTEGRITY. WITHIN THE RESIDENCE HALLS AND APARTMENTS, AN ENGAGED TEAM OF PROFESSIONAL AND PARAPROFESSIONAL STAFF USE THE PHYSICAL STRUCTURE OF THE LIVING ENVIRONMENT AS A TOOL TO MAXIMIZE LEARNING MOMENTS AND CHALLENGE STUDENTS TO DEVELOP AND APPLY THESE COMPETENCIES. 141044000 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 X 622 0 970 1 1 1 1 AS EI IT NZ SF SP UK 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA ME NJ NY PA TX X JOAN SINGLETON 2155722900 450 S EASTON ROAD GLENSIDE PA 190383295 JOHN ROLLINS CHAIR 12.00 X X 0 0 0 GRETCHEN SANTAMOUR VICE CHAIR 8.00 X X 0 0 0 MICHEL PAUL VICE CHAIR 5.00 X X 0 0 0 ALLIYAH ABRAHAM TRUSTEE 5.00 X 0 0 0 ALLISON ROSSETT TRUSTEE 5.00 X 0 0 0 ASHISH PARMAR TRUSTEE 5.00 X 0 0 0 CAMILO LOPEZ DELGADO TRUSTEE 5.00 X 0 0 0 CHARLES LENTZ TRUSTEE 5.00 X 0 0 0 DAVID A SADOFF TRUSTEE 5.00 X 0 0 0 ELLIOTT A ROTH TRUSTEE 5.00 X 0 0 0 JACQUELINE L CANNON TRUSTEE 5.00 X 0 0 0 KENNETH C WEIRMAN TRUSTEE 5.00 X 0 0 0 KEVIN SHOLLENBERGER TRUSTEE 5.00 X 0 0 0 MARC WALSH MCKENNA TRUSTEE 5.00 X 0 0 0 PAT CORNET TRUSTEE 5.00 X 0 0 0 PERI HIGGINS TRUSTEE 5.00 X 0 0 0 RONALD J EICHOLTZ TRUSTEE 5.00 X 0 0 0 DANNY SHOY JR TRUSTEE (UNTIL 1/24) 5.00 X 0 0 0 NANCY GLASS TRUSTEE (UNTIL 7/23) 5.00 X 0 0 0 SARA LOMAX REESE TRUSTEE (UNTIL 5/24) 5.00 X 0 0 0 AJAY NAIR PRESIDENT 40.00 X X 538139 0 205439 JOAN SINGLETON VICE PRESIDENT FOR FINANCE AND TREASURER 40.00 X 310436 0 72412 JEFFREY RUTENBECK VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST 40.00 X 302578 0 54666 BRIGETTE BRYANT VICE PRESIDENT FOR ADVANCEMENT 40.00 X 269827 0 50813 MARGARET CALLAHAN GENERAL COUNSEL AND SECRETARY OF THE UNIVERSITY 40.00 X 256965 0 54241 RANKAN HALL VICE PRESIDENT FOR ENROLLMENT MGMT. (UNTIL 12/23) 40.00 X 208989 0 56480 MARY SWEENEY VP OF HR & EMPLOYEE EXP (UNTIL 2/24) 40.00 X 194543 0 72395 RASHMI RADHAKRISHNAN VICE PRESIDENT FOR IT AND CIO 40.00 X 204145 0 30117 LAURA BALDWIN VP MARKETING & COMM. (UNTIL 8/23) 40.00 X 193033 0 34360 DAN DIPRINZIO INTERIM VP MARKETING & COMM. 40.00 X 110092 0 8405 DONOVAN MCCARGO VP CAMPUS LIFE & DEAN OF STUDENTS 40.00 X 213536 0 45672 MICHELE CYGAN INTERIM ASSISTANT VP HUMAN RESOURCES 40.00 X 114197 0 26321 ANDREW LAW DEAN AND ED COLLEGE OF GLOBAL STUDIES 40.00 X 186398 0 45977 LISA DONATELLI TCGS COO, RISK MANAGEMENT, COMPLIANCE 40.00 X 167558 0 34546 THOMAS MACCHI ASSOC VP FACILITIES MGMT 40.00 X 171530 0 34362 REBECCA CRAIK DEAN - COLLEGE OF HEALTH SCIENCE 40.00 X 197017 0 34279 LUCY GLASSON ASSOC GEN COUNSEL/INTERIM TITLE IX COOR 40.00 X 164390 0 25316 3803373 0 885801 94 0 1 0 METZ CULINARY MANAGEMENT 2 WOODLANDS DRIVE DALLAS PA 18612 DINING SERVICES 3193184 DELRAN BUILDERS COMPANY 7909 FLOURTOWN AVE WYNDMOOR PA 19038 CONSTRUCTION 1280607 THE ARTHUR JACKSON COMPANY 7025 WEST CHESTER PIKE UPPER DARBY PA 19082 FACILITIES MANAGEMENT 675842 INTEGRA ONE 7248 TILGHMAN STREET SUITE 120 ALLENTOWN PA 18106 IT STAFFING 503333 HATZEL & BUEHLER PO BOX 7499 WILMINGTON DE 19803 CONSTRUCTION 451994 29 14000 2367000 2957000 416000 5338000 TUITION & FEES 611310 101983000 101983000 INTERNATIONAL PROGRAMS 611310 40315000 40315000 ROOM & BOARD 611310 12877000 12877000 155175000 2571000 40254 2530746 5000 8000 -3000 -3000 -3000 22049000 21538000 511000 511000 511000 23000 14000 27000 -4000 -4000 COMM, FEES & INDIRECT GRANT REV & 611310 791000 791000 HEALTH SERVICES PARTNER 611310 41000 41000 832000 164420000 155172000 40254 3869746 43842000 43842000 1745000 1745000 2876000 1316000 1198000 362000 42271000 31868000 9902000 501000 2252000 1509000 717000 26000 6363000 4251000 1897000 215000 3473000 2558000 849000 66000 248000 248000 337000 337000 100000 100000 12629000 7863000 4504000 262000 257000 234000 23000 130000 115000 14000 1000 2084000 530000 1544000 10000 4137000 3077000 1054000 6000 2289000 1756000 512000 21000 297000 230000 65000 2000 2948000 2415000 533000 5734000 4645000 1089000 1974000 52000 1922000 INTERNATIONAL PROGRAMS 16023000 16023000 INTERNATIONAL PROGRAMS 8858000 8858000 SUPPLIES 5735000 5106000 597000 32000 OTHER EXPENSES 3118000 2796000 322000 767000 255000 510000 2000 170487000 141044000 27937000 1506000 13000 10000 28437000 33717000 1514000 1769000 4562000 3894000 1189000 1464000 48000 46000 2772000 2581000 265984000 138390000 124134000 127594000 61897000 60326000 6802000 7046000 6647000 4119000 238015000 242566000 11163000 11367000 12767000 15723000 65241000 69808000 8006000 5552000 97177000 102450000 X 97500000 91572000 43338000 48544000 140838000 140116000 238015000 242566000 X -6067000 5502000 -157000 X 0 1 X 1 1 1 X 3595000 7169000 13674000 5690000 5338000 35466000 3595000 7169000 13674000 5690000 5338000 35466000 35466000 1922000 777000 453000 2420596 2467176 8039772 647000 1334000 601000 787000 832000 4201000 47706772 699910000 0.74340 0.71980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: COMMISSIONS - 2019 AMOUNT: $ 142,000. 2020 AMOUNT: $ 43,000. 2021 AMOUNT: $ 42,000. 2022 AMOUNT: $ 49,000. INDIRECT REVENUE FROM GRANTS PNC COMMISSIONS FEES AND MISCELLANEOUS - 2019 AMOUNT: $ 505,000. 2020 AMOUNT: $ 1,291,000. 2021 AMOUNT: $ 559,000. 2022 AMOUNT: $ 499,000. 2023 AMOUNT: $ 791,000. HEALTH SERVICES PARTNER - 2022 AMOUNT: $ 239,000. 2023 AMOUNT: $ 41,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 67793000 1022000 6575000 1153000 7958000 180000 66099000 84484000 1515000 -4174000 1178000 12673000 181000 67793000 97190000 934000 -6837000 2790000 3764000 249000 84484000 79338000 820000 23098000 1357000 4481000 228000 97190000 70402000 10252000 2139000 1721000 1520000 214000 79338000 0.35000 0.41000 0.24000 1 0 3686000 3686000 177903000 75426000 102477000 57671000 51101000 6570000 26724000 11863000 14861000 127594000 OPERATING LEASE OBLIGATION 2812000 ANNUITIES PAYABLE 220000 ACCRUED POST-RETIREMENT OBLIGATION 1761000 ASSET RETIREMENT OBLIGATION 567000 REFUNDABLE LOAN FUNDS 192000 5552000 X 124113000 5502000 -45844000 -40342000 164455000 -35000 -35000 164420000 124835000 35000 35000 124800000 45687000 45687000 170487000 PART III, LINE 1A: THE UNIVERSITY ART COLLECTION CONSISTS OF VARIOUS PIECES OF ART DISPLAYED THROUGHOUT THE CAMPUS. SOME PIECES ARE ARCHIVED FOR FUTURE EXHIBITION. PART III, LINE 4: THE UNIVERSITY ART COLLECTION CONSISTS OF VARIOUS PIECES OF ART DISPLAYED THROUGHOUT CAMPUS WHICH ARE USED TO ENHANCE STUDENT APPRECIATION OF FINE ART. SOME PIECES ARE STORED FOR FUTURE EXHIBITION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED TO PROVIDE A SOURCE OF OPERATING FUNDS AS WELL AS LONG TERM FINANCIAL STABILITY. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2024 AND 2023. THE UNIVERSITY'S FEDERAL TAX EXEMPT BUSINESS INCOME TAX RETURNS FOR 2023, 2022, AND 2021 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE -45,587,000. INVESTMENT EXPENSE -100,000. CHANGE IN BENEFIT OBLIGATION -86,000. LOSS ON BOND DEFEASANCE -307,000. GAIN ON FAIR VALUE OF FOREIGN EXCHANGE CONTRACTS 236,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -8,000. FUNDRAISING EXPENSE -27,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 8,000. FUNDRAISING EXPENSE 27,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE 45,587,000. INVESTMENT EXPENSE 100,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE INCLUDE A NOTICE OF OUR POLICIES ON ALL OF OUR PUBLICATIONS, ADVERTISEMENTS, AND INTERNET WEBSITE. SCHEDULE E, PART I, LINE 6 ARCADIA UNIVERSITY PARTICIPATES IN FEDERAL TITLE IV AID PROGRAMS, INCLUDING THE FEDERAL CAMPUS-BASED AID PROGRAMS. AS SUCH, WE RECEIVE, ON AN ANNUAL BASIS, ALLOCATIONS TO MAKE FEDERAL WORK STUDY AWARDS AND SEOG GRANTS TO STUDENTS. ADDITIONALLY, OUR EDUCATIONAL PROGRAMS ARE RECOGNIZED AS ELIGIBLE PROGRAMS BY THE STATE OF PENNSYLVANIA. AS SUCH, WE AWARD PHEAA STATE GRANTS TO OUR ELIGIBLE STUDENTS FROM PHEAA (PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY), AND ALSO RECEIVE FEDERAL WORK STUDY MATCHING FUNDS FROM PHEAA. ADDITIONALLY, ON AN ANNUAL BASIS, PHEAA PROVIDES A MATCHING GRANT KNOWN AS THE IAG GRANT FOR EACH ELIGIBLE STATE GRANT STUDENTS WE AWARD PHEAA FUNDS TO AS WELL. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 5 30 PROGRAM SERVICES STUDY ABROAD EDUCATION 23920000 EAST ASIA AND THE PACIFIC 2 7 PROGRAM SERVICES STUDY ABROAD EDUCATION 7027000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD EDUCATION 32000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD EDUCATION 22000 7 37 0 0 7 37 31001000 0 31001000 SCHOLARSHIP/GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 85 1346000 CREDIT PLACED ON STUDENT ACCOUNT COST SCHOLARSHIP/GRANT EAST ASIA AND THE PACIFIC 27 368000 CREDIT PLACED ON STUDENT ACCOUNT COST SCHOLARSHIP/GRANT SUB-SAHARAN AFRICA 1 17000 CREDIT PLACED ON STUDENT ACCOUNT COST SCHOLARSHIP/GRANT CENTRAL AMERICA AND THE CARIBBEAN 1 14000 CREDIT PLACED ON STUDENT ACCOUNT COST 1 0 1 0 0 0 PART I, LINE 2: ALL GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE CREDITED DIRECTLY TO THE STUDENT'S BILLING ACCOUNT AND NO FUNDS ACTUALLY LEAVE THE UNITED STATES. SCHEDULE F, PART IV, LINE 1 THE ORGANIZATION TRANSFERRED FUNDS TO FOREIGN CORPORATIONS BUT THE AMOUNTS DID NOT EXCEED THE THRESHOLD FOR REPORTING ON FORM 926. SCHEDULE F, PART IV, LINE 3 THE ORGANIZATION INVESTS IN FOREIGN CORPORATIONS BUT ITS INVESTMENTS DO NOT EXCEED THE THRESHOLD FOR FILING FOREIGN FORMS SUCH AS FORM 5471. ARCADIA GOLF OUTING 37000 14000 23000 22000 5000 37000 14000 23000 22000 5000 27000 -4000 1 STUDENT WORK PROGRAMS (INSTITUTIONAL) 274 695000 INSTITUTIONAL SCHOLARSHIPS & GRANTS 2152 42647000 COST CREDIT PLACED ON STUDENT ACCOUNT STUDENT WORK PROGRAMS (FEDERALLY SUBSIDIZED) 974 500000 PART I, LINE 2: ARCADIA UNIVERSITY AWARDS BOTH NEED-BASED AND MERIT-BASED AID TO STUDENTS IN GOOD ACADEMIC STANDING. THE UNIVERSITY MAINTAINS RECORDS TO QUANTIFY THE DOLLAR AMOUNT OF THE FINANCIAL ASSISTANCE AWARDED, THE NUMBER OF RECIPIENTS PER GRANT/SCHOLARSHIP, AND THE SELECTION CRITERIA. ALL GRANTS AND SCHOLARSHIPS AWARDED TO STUDENTS ARE CREDITED DIRECTLY TO THE STUDENTS' BILLING ACCOUNTS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 AJAY NAIR PRESIDENT 537000 0 0 0 1139 0 26400 0 179039 0 743578 0 0 0 JOAN SINGLETON VICE PRESIDENT FOR FINANCE AND TREAS 308218 0 0 0 2218 0 21291 0 51121 0 382848 0 0 0 JEFFREY RUTENBECK VICE PRESIDENT FOR ACADEMIC AFFAIRS 299410 0 0 0 3168 0 24000 0 30666 0 357244 0 0 0 BRIGETTE BRYANT VICE PRESIDENT FOR ADVANCEMENT 267157 0 0 0 2670 0 20638 0 30175 0 320640 0 0 0 MARGARET CALLAHAN GENERAL COUNSEL AND SECRETARY OF THE 254295 0 0 0 2670 0 20638 0 33603 0 311206 0 0 0 MARY SWEENEY VP OF HR & EMPLOYEE EXP (UNTIL 2/24) 193212 0 0 0 1331 0 16400 0 55995 0 266938 0 0 0 RANKAN HALL VICE PRESIDENT FOR ENROLLMENT MGMT. 208479 0 0 0 510 0 17749 0 38731 0 265469 0 0 0 DONOVAN MCCARGO VP CAMPUS LIFE & DEAN OF STUDENTS 213200 0 0 0 336 0 14667 0 31005 0 259208 0 0 0 RASHMI RADHAKRISHNAN VICE PRESIDENT FOR IT AND CIO 203448 0 0 0 697 0 16124 0 13993 0 234262 0 0 0 ANDREW LAW DEAN AND ED COLLEGE OF GLOBAL STUDIE 185162 0 0 0 1236 0 1930 0 44047 0 232375 0 0 0 REBECCA CRAIK DEAN - COLLEGE OF HEALTH SCIENCE 191902 0 0 0 5115 0 13693 0 20586 0 231296 0 0 0 LAURA BALDWIN VP MARKETING & COMM. (UNTIL 8/23) 192666 0 0 0 367 0 8745 0 25615 0 227393 0 0 0 THOMAS MACCHI ASSOC VP FACILITIES MGMT 168523 0 0 0 3007 0 13193 0 21169 0 205892 0 0 0 LISA DONATELLI TCGS COO, RISK MANAGEMENT, COMPLIANC 166998 0 0 0 560 0 13473 0 21073 0 202104 0 0 0 LUCY GLASSON ASSOC GEN COUNSEL/INTERIM TITLE IX C 164070 0 0 0 320 0 12140 0 13176 0 189706 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO LIVE IN A HOUSE OWNED BY THE UNIVERSITY. THIS HOUSE IS ALSO USED TO HOST UNIVERSITY-RELATED FUNCTIONS. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT QUALIFIES FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D) DUE TO BEING REQUIRED AS A CONDITION OF EMPLOYMENT, FOR THE CONVENIENCE OF THE EMPLOYER, AND BEING ON THE UNIVERSITY CAMPUS. A MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603UZ0 2015-06-25 34806870 ADVANCE REFUNDING OF SERIES 2006 BONDS 0 0 0 B MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603VM8 2016-01-05 10589701 CURRENT REFUNDING OF SECOND SERIES 2006 BONDS 0 0 0 C MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 613603D89 2020-02-19 21832031 ADVANCE REFUNDING OF SERIES 2010 BONDS 0 0 0 D MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY 232447147 163492AC5 2024-05-16 23210032 REFUNDING 2013 BONDS, CAPITAL PROJECTS 0 0 0 A 10170000 35077824 444720 34362149 2016 1 0 1 1 B 5370000 10612909 211021 10378630 2016 1 0 1 1 C 1975000 23832031 324278 21507753 2020 1 0 1 1 D 23112193 14904891 667839 4513607 3334335 2024 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 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 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART IV, LINE 2C - 06/25/2015 34,806,870 MONTGOMERY COUNTY THIS BOND ISSUE DID NOT OWE ANY REBATE UPON ITS FIRST COMPUTATION DATE. THE COMPUTATION WAS COMPLETED 7/15/2020. IT IS AFTER THE FIRST AND BEFORE THE SECOND COMPUTATION DATE AND THEREFORE NO REBATE IS DUE AT THIS TIME. SCHEDULE K, PART IV, LINE 2C - 01/05/2016 10,589,701 MONTGOMERY COUNTY THIS BOND ISSUE DID NOT OWE ANY REBATE UPON ITS FIRST COMPUTATION DATE. THE COMPUTATION WAS COMPLETED 1/26/2021. IT IS AFTER THE FIRST AND BEFORE THE SECOND COMPUTATION DATE AND THEREFORE NO REBATE IS DUE AT THIS TIME. EMPLOYEES EMPLOYEES 116273 EMPLOYEE TUITION DISCOUNT EMPLOYEE BENEFIT X 16 416000 NYSE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B AN INTERNAL REVIEW OF THE COMPLETED 990 IS PERFORMED BEFORE IT IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND ACCEPTANCE. THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA OUR INTERNAL WEB PORTAL FOR REVIEW BEFORE FILING. BOARD MEMBERS MAY ACCESS THE FORM 990 IN A SPECIAL SECTION SET ASIDE FOR THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES AND EXECUTIVE SENIOR MANAGERS OF THE UNIVERSITY ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST STATEMENTS. THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES (BOARD) ENSURES THAT THE STATEMENTS ARE COMPLETED ON AN ANNUAL BASIS. IF ANY CONFLICTS ARISE, SUCH AS FROM FAMILY OR BUSINESS RELATIONSHIPS, THE AUDIT COMMITTEE OF THE BOARD MAY EITHER MAKE A DETERMINATION, OR, IF THE AUDIT COMMITTEE BELIEVES IT IS APPROPRIATE, MAY REFER THE MATTER TO THE FULL BOARD FOR A VOTE TO DETERMINE IF A CONFLICT EXISTS. IF A DETERMINATION IS MADE THAT NO CONFLICT EXISTS, THE INTERESTED TRUSTEE MAY PARTICIPATE FULLY IN ANY DISCUSSIONS AND VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT THAT IS THE SUBJECT OF THE CONFLICT. IF A DETERMINATION IS MADE THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED TRUSTEE SHALL BE REQUIRED TO LEAVE ANY MEETING PRIOR TO DISCUSSION OF, OR VOTE ON, THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF BOARD OF TRUSTEES OVERSEES COMPENSATION OF THE PRESIDENT. ALL DISCUSSIONS ABOUT COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THE UNIVERSITY USES COMPARABILITY DATA FROM PEER INSTITUTIONS COLLECTED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA HR), AS WELL AS CONDUCTS A REVIEW OF INTERNAL EQUALITY AMONG EXECUTIVES, IN DETERMINING THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES. THIS DATA IS USED TO ENSURE ALL SALARIES ARE WITHIN "FAIR MARKET RANGE" FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFIT OBLIGATION -86,000. LOSS ON BOND DEFEASANCE -307,000. GAIN ON FAIR VALUE OF FOREIGN EXCHANGE CONTRACTS 236,000.