2025-05-13T11:01:57-05:00 2024-06-30 994625061 CRI ADVISORS LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2023-07-01 580566143 BRENAU UNIVERSITY INC BREN 7705346268 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 TOBY R HINTON VP OF FINANCE AND ADMIN 7705346268 2025-05-12 1 0 TIFFANY T ORR CPA P01559485 7703948000 2025-05-12 2023 2025-03-06 01:10:19Z DR DAVID BARNETT 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 71930262 0 X WWW.BRENAU.EDU X 1878 GA BRENAU UNIVERSITY CHALLENGES STUDENTS TO LIVE EXTRAORDINARY LIVES OF PERSONAL AND PROFESSIONAL FULFILLMENT. AS STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES OR NON-DEGREE PROGRAMS AT BRENAU CAMPUSES AND ONLINE, EACH PREPARES FOR A LIFETIME OF INTELLECTUAL ACCOMPLISHMENT AND APPRECIATION OF ARTISTIC EXPRESSION THROUGH A CURRICULUM ENRICHED BY THE LIBERAL ARTS, SCIENTIFIC INQUIRY AND GLOBAL AWARENESS. 26 26 512 250 0 0 4539792 2915358 64994677 63048501 3905813 3333493 -21969 -26576 73418313 69270776 10111773 10489846 0 0 30825868 31276668 0 0 799945 30018542 29512210 70956183 71278724 2462130 -2007948 160044852 164390355 44126084 44379335 115918768 120011020 X BRENAU UNIVERSITY CHALLENGES STUDENTS TO LIVE EXTRAORDINARY LIVES OF PERSONAL AND PROFESSIONAL FULFILLMENT. AS STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES OR NON-DEGREE PROGRAMS AT BRENAU CAMPUSES AND ONLINE, EACH PREPARES FOR A LIFETIME OF INTELLECTUAL ACCOMPLISHMENT AND APPRECIATION OF ARTISTIC EXPRESSION THROUGH A CURRICULUM ENRICHED BY THE LIBERAL ARTS, SCIENTIFIC INQUIRY AND GLOBAL AWARENESS. 0 0 19823099 6176524 14734649 BRENAU UNIVERSITY IS A PRIVATE, COMPREHENSIVE UNIVERSITY THAT INCLUDES THE UNDERGRADUATE RESIDENTIAL SCHOOL, THE UNDERGRADUATE NONRESIDENTIAL SCHOOL, THE GRADUATE SCHOOL, AND THE EARLY COLLEGE PROGRAM.EACH COMPONENT OF THE UNIVERSITY ENHANCES THE OTHERS THROUGH SHARED RESOURCES, FACILITIES, FACULTY AND CULTURAL OPPORTUNITIES WITH SOME LIMITED CROSS-ENROLLMENT OPPORTUNITIES AVAILABLE. HOWEVER, EACH UNIT IS DEFINED BY DISTINCT CHARACTERISTICS.THE UNDERGRADUATE RESIDENTIAL SCHOOL, OR WOMEN'S COLLEGE, OFFERS BACCALAUREATE PROGRAMS, SOME OF WHICH FEED INTO GRADUATE PROGRAMS, WITH A MULTI-DISCIPLINE LIBERAL ARTS FOUNDATION THAT ENABLES STUDENTS TO EXPLORE GENERAL INTERESTS AS WELL AS PURSUE SPECIALIZED STUDIES. WOMEN HAVE OPPORTUNITIES TO DEVELOP LEADERSHIP SKILLS IN AN ENVIRONMENT THAT ENCOURAGES AWARENESS OF AND PARTICIPATION IN A WORLD CHARACTERIZED BY PLURALISM AND TO EXPLORE AND PREPARE FOR VARIOUS CAREER OPPORTUNITIES. 23431722 4057881 19712938 THE UNDERGRADUATE NONRESIDENTIAL SCHOOL OFFERS STUDIES LEADING TO ASSOCIATE AND BACCALAUREATE DEGREES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS PROVIDE FOUNDATIONS FOR INDIVIDUAL AND PROFESSIONAL GROWTH AND COMPETENCE. 19741401 255441 28126072 THE GRADUATE SCHOOL OFFERS STUDIES LEADING TO MASTERS, EDUCATIONAL SPECIALIST, AND DOCTORAL DEGREES AS WELL AS GRADUATE CERTIFICATES AND IS OPEN TO MEN AND WOMEN. THE PROGRAMS ENCOURAGE STUDENTS TO DEVELOP THE PROFICIENCY AND PROFESSIONALISM NECESSARY TO MEET THE CHALLENGES INHERENT IN THEIR FIELDS OF STUDY. 370585 474842 370585 474842 63366807 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 81 0 512 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X TOBY R HINTON 7705346257 500 WASHINGTON STREET SE GAINESVILLE GA 305013628 MIKE H SMITH CHAIR 1.00 X X 0 0 0 EMILIE HENDERSON HOWARD VICE CHAIR 1.00 X X 0 0 0 PIERPONT F BROWN III TRUSTEE 1.00 X 0 0 0 AMELIA COLLINS TRUSTEE 1.00 X 0 0 0 CAROLE ANN CARTER DANIEL TRUSTEE 1.00 X 0 0 0 ROBIN SMITH DUDLEY TRUSTEE 1.00 X 0 0 0 MARIA EBRAHIMJI TRUSTEE 1.00 X 0 0 0 ROBERT L FOWLER JR TRUSTEE 1.00 X 0 0 0 MELISSA CURRIN HEARD TRUSTEE 1.00 X 0 0 0 MELISSA CANNADY HOWARD TRUSTEE 1.00 X 0 0 0 M DOUGLAS IVESTER TRUSTEE 1.00 X 0 0 0 ANNA A JACOBS TRUSTEE 1.00 X 0 0 0 TIM KNIGHT TRUSTEE 1.00 X 0 0 0 EMILY DUNLAP LAWSON TRUSTEE 1.00 X 0 0 0 JILL RAMSEY MANSFIELD TRUSTEE 1.00 X 0 0 0 PETER D MILLER SECRETARY 1.00 X X 0 0 0 FRANK K NORTON JR TRUSTEE 1.00 X 0 0 0 MELISSA W TYMCHUK TRUSTEE 1.00 X 0 0 0 GAIL A SMITH TRUSTEE 1.00 X 0 0 0 SHAY ENGLISH STAFFORD TRUSTEE 1.00 X 0 0 0 MICHAEL D STUBBLEFIELD MD TRUSTEE 1.00 X 0 0 0 MARY KATHRYN WELLS-WINSETT TRUSTEE 1.00 X 0 0 0 AMY WHITLEY TRUSTEE 1.00 X 0 0 0 PATRICIA E WOLFE TRUSTEE 1.00 X 0 0 0 JOHN A ADDISON JR TRUSTEE 1.00 X 0 0 0 HART WILHEIT PAYNE TRUSTEE 1.00 X 0 0 0 DR ANNE A SKLEDER FORMER PRESIDENT 40.00 X 529855 0 59255 DR DAVID BARNETT PRESIDENT 40.00 X 332841 0 51574 TOBY HINTON VP OF FINANCE AND ADMINISTRATION 40.00 X 146895 0 37387 JACK MATTHEW THOMAS VP FOR EXTERNAL RELATIONS 40.00 X 221528 0 40691 JIM ECK VPAA & PROVOST 40.00 X 219084 0 41158 JODY WALL CHIEF OF STAFF 40.00 X 186409 0 40412 DR GALE H STARICH DEAN, COLLEGE OF HEALTH SC 40.00 X 149935 0 44797 HEATHER ROSS CHAIR OF PT 40.00 X 169376 0 19750 JULIE BETH KEENA CHAIR, PHYSICIAN ASSISTANT 40.00 X 189609 0 43476 KATHLEEN FOLEY DIRECTOR, SCHOOL OF OT 40.00 X 160699 0 26813 TROY HEIDESCH DIRECTOR, SCHOOL OF NURSING 40.00 X 164582 0 11031 2470813 0 416344 43 0 1 0 RISEPOINT LLC 700 N PEARL ST 600 DALLAS TX 75201 ADVERTISING/RECRUITING 5561774 ARAMARK FACILITY SERVICES 1101 MARKET STREET PHILADELPHIA PA 191072988 FACILITY MAINTENANCE & CUSTODIAL SERVICE 5540909 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 EDUCATIONAL CONSULTING 2469306 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 191072988 FOOD SERVICE VENDOR 2158931 OPTIMA PROPERTIES LLC 3139 CAMPUS DR NORCROSS GA 30071 CONSTRUCTION 752516 31 455866 2459492 57300 2915358 TUITION AND FEES 611710 58709535 58709535 SALES OF AUXILIARY ENT 611710 4338966 4338966 63048501 1793367 1793367 104852 131428 -26576 -26576 -26576 4068184 2528058 1540126 1540126 1540126 69270776 63048501 0 3306917 9714200 9714200 775646 775646 1564332 66735 1113911 383686 24114206 22145795 1801304 167107 1149808 994611 130760 24437 2666128 2306262 307758 52108 1782194 1541639 198419 42136 26048 26048 91127 91127 93000 93000 4281478 3737812 504276 39390 380963 377923 3040 1908400 1667922 191585 48893 712047 444937 267110 1310576 1222469 88107 435111 327222 79130 28759 854552 798209 56343 3392478 3168802 210247 13429 856313 89161 767152 RECRUITING 8768216 8767152 1064 FOOD AND DINING SERVICE 1865681 1865645 36 RENTAL 1817440 1817440 BAD DEBT 707138 707138 2011642 1537225 474417 71278724 63366807 7111972 799945 7240649 3905077 693083 841786 6705646 6760826 2502102 2657686 99852609 47856019 53530350 51996590 58348802 68286331 1062888 1077476 29961332 28864583 160044852 164390355 3333400 4128975 5310519 5298460 20085885 19092530 15396280 15859370 44126084 44379335 X 51397045 49218727 64521723 70792293 115918768 120011020 160044852 164390355 X -2007948 5340769 759431 X 0 1 X 1 1 1 X 8998717 8053469 9626751 4539792 2915358 34134087 8998717 8053469 9626751 4539792 2915358 34134087 4493898 29640189 3219286 1309168 1397725 1496258 1793367 9215804 43349891 0.68370 0.71570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57300 18247265 X X X 0 54998050 449786 7908433 1129746 1022654 61203869 50668512 371388 6158980 954500 1246330 54998050 61256728 94948 -8755864 889500 1037800 50668512 50103721 162107 15147900 857400 3299600 61256728 49482308 416527 1924140 907298 811956 50103721 0.00000 0.54394 0.45606 0 0 3444137 3444137 73717476 32108418 41609058 5730673 3281795 2448878 16324729 12062944 4261785 635594 402862 232732 51996590 WORKS OF ART 18247265 OTHER ASSETS 454121 RIGHT OF USE ASSET 10163197 28864583 ADVANCES FROM FEDERAL GOVERNMENT 150550 LEASE OBLIGATIONS 1441113 LIABILITIES UNDER DEFERRED COMPENSATION 765573 LIABILITY UNDER REMAINDER TRUSTS 111791 REFUNDABLE ADVANCES 2827586 OPERATING LEASE LIABILITY 10562757 15859370 X 64919558 5340769 759431 6100200 58819358 93000 10358418 10451418 69270776 60827306 131428 131428 60695878 93000 10489846 10582846 71278724 PART III, LINE 4: THE UNIVERSITY OWNS APPROXIMATELY 5,220 WORKS OF ART AS FOLLOWS: PHOTOGRAPHS: 300 PAINTINGS: 1,224 WORKS ON PAPER: 3,000 SCULPTURE: 584 TEXTILE (DOES NOT INCLUDE THE TEXTILE COLLECTIONS): 112 THE COLLECTION FURTHERS THE UNIVERSITY'S EXEMPT PURPOSE AS AN EDUCATIONAL INSTITUTION BY PROVIDING AN INVALUABLE EDUCATIONAL RESOURCE. THE COLLECTION HIGHLIGHTS THE NOTABLE ART TRENDS AND FOCUSES ON CONTEMPORARY ART AND ART CREATED BY WOMEN. THE COLLECTION HELPS STUDENTS BROADEN THEIR WORLD VIEW BY EXPOSING THEM TO A VARIETY OF MODES OF SELF EXPRESSION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF 137 DONOR-RESTRICTED FUNDS ESTABLISHED FOR SCHOLARSHIPS, BUILDING MAINTENANCE, AND OTHER PROGRAMS. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, BRENAU UNIVERSITY IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. COLLECTIVELY, THE UNIVERSITY DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE UNIVERSITY UTILIZES THE ACCOUNTING REQUIREMENTS ASSOSIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30 2024 AND 2023, THE UNIVERSITY HAS NO UNCERTAIN TAX PROVISIONS THAT QUIALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 990,426. VALUATION ADJUSTMET FOR INTEREST RATE SWAP AGREEMENT -230,995. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,489,846. DIRECT RENTAL EXPENSES -131,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 131,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,489,846. 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 PUBLISHES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE AT: HTTP://CATALOG.BRENAU.EDU/ SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS TO RECIPIENTS IN REGION 14300 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS IN REGION SHORT INTERNATIONAL TRIP 40906 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS TO RECIPIENTS IN REGION 39231 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS IN REGION SHORT INTERNATIONAL TRIP FOR COLLEGE OF BUSINESS 48930 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS IN REGION ADMINISTRATION DEVELOPING PARTNERSHIPS, SHORT TERM STUDY ABROAD 166686 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS IN REGION 148055 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS TO RECIPIENTS IN REGION 175630 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS IN REGION INTERNATIONAL STUDY PROGRAMS 295130 0 0 0 0 0 0 928868 0 928868 FINANCIAL ASSISTANCE/SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 14300 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 288630 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 6 175630 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 4 39231 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 31500 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 7 109725 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 4 67700 POSTED TO STUDENT ACCOUNT FMV FINANCIAL ASSISTANCE/SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 48930 POSTED TO STUDENT ACCOUNT FMV 0 0 0 0 0 0 PART I, LINE 2: THE GRANTS REPORTED IN PART III ARE SCHOLARSHIPS TO STUDENTS. THE USE OF SCHOLARSHIPS IS CONTROLLED BY APPLYING SUCH AMOUNTS DIRECTLY AGAINST BALANCES OWED BY THE STUDENT FOR TUITION, FEES AND OTHER QUALIFYING EDUCATIONAL EXPENSES. 1 SCHOLARSHIPS AND FINANCIAL AID 2230 9714200 PART I, LINE 2: THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS AND MAINTAINS RECORDS REGARDING ALL FINANCIAL AID AWARDS. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DR ANNE A SKLEDER FORMER PRESIDENT 333079 0 163550 0 33226 0 52867 0 6388 0 589110 0 0 0 DR DAVID BARNETT PRESIDENT 252914 0 50569 0 29358 0 42043 0 9531 0 384415 0 0 0 JACK MATTHEW THOMAS VP FOR EXTERNAL RELATIONS 194680 0 25000 0 1848 0 31582 0 9109 0 262219 0 0 0 JIM ECK VPAA & PROVOST 199432 0 15000 0 4652 0 33127 0 8031 0 260242 0 0 0 JULIE BETH KEENA CHAIR, PHYSICIAN ASSISTANT 186218 0 0 0 3391 0 32517 0 10959 0 233085 0 0 0 JODY WALL CHIEF OF STAFF 116404 0 46671 0 23334 0 32381 0 8031 0 226821 0 0 0 DR GALE H STARICH DEAN, COLLEGE OF HEALTH SC 142062 0 0 0 7873 0 33898 0 10899 0 194732 0 0 0 HEATHER ROSS CHAIR OF PT 168689 0 0 0 687 0 11219 0 8531 0 189126 0 0 0 KATHLEEN FOLEY DIRECTOR, SCHOOL OF OT 158921 0 0 0 1778 0 26813 0 0 0 187512 0 0 0 TOBY HINTON VP OF FINANCE AND ADMINISTRATION 129991 0 15000 0 1904 0 23106 0 14281 0 184282 0 0 0 TROY HEIDESCH DIRECTOR, SCHOOL OF NURSING 163643 0 0 0 939 0 3122 0 7909 0 175613 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT - THE UNIVERSITY'S PRESIDENT RECEIVED A DISCRETIONARY SPENDING ALLOWANCE THAT IS REPORTED IN TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS PROVIDED WITH A HOUSING ALLOWANCE THAT IS REPORTED IN TAXABLE INCOME. SOCIAL CLUB DUES - THE UNIVERSITY PAYS DUES ON BEHALF OF THE PRESIDENT. PERSONAL SERVICES - CLEANING SERVICES AND LAWN MAINTENANCE ARE PROVIDED FOR THE UNIVERSITY'S PRESIDENT'S PERSONAL RESIDENCE. THE VALUE OF THIS BENEFIT IS INCLUDED IN TAXABLE INCOME. A GAINESVILLE AND HALL COUNTY REDEVELOPMENT AUTHORITY REVENUE BONDS 581501826 2014-06-06 7900000 ACQUISITION, CONSTRUCTION AND INSTALLATION OF CAMPUS FACILITIES 0 0 0 B GAINESVILLE REDEVELOPMENT AUTHORITY REVENUE BONDS 581520209 2018-04-26 9710000 REFINANCE SERIES 2013 BONDS 0 0 0 C GAINESVILLE AND HALL COUNTY REDEVELOPMENT AUTHORITY REVENUE BONDS 581581826 2019-07-26 5305000 ACQUISITION, CONSTRUCTION AND INSTALLATION OF CAMPUS FACILITIES 0 0 0 A 2094024 7900000 52950 7847092 0 1 1 1 B 2229139 9710000 53052 9651948 1 0 1 1 C 666271 5305000 65638 3249362 1990000 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BRANCH BANK 7.000000000000 0 0 0 0 1 B 0 0 0 0 1 1 BRANCH BANK 7.000000000000 0 0 0 0 1 C 0 0 0 0 1 1 BRANCH BANK 7.000000000000 0 0 0 0 1 A 1 B 1 C 1 FEATHERBONE CENTER LLC TRUSTEE AND FORMER TRUSTEE ARE PARTNERS IN FEATHERBONE CENTER 480696 THE UNIVERSITY ENTERED INTO A 57,776 SQUARE FOOT OPERATING LEASE WITH FEATHERBONE CENTER FOR ITS NURSING FACILITY, DANCE CLASSROOM SPACE AND OCCUPATIONAL THERAPY FACILITIES . AN EXTENSIVE SEARCH BASED ON COST, SUITABILITY, AND PROXIMITY TO THE MAIN CAMPUS WAS MADE BEFORE SELECTING THE PROPERTY AT THE FEATHERBONE CENTER. TRUSTEE EMERITUS PHILIP A. WILHEIT AND FORMER TRUSTEE JAMES A. WALTERS ABSTAINED FROM VOTING. 0 CARROLL DANIEL CONSTRUCTION COMPANY TRUSTEE CAROLE ANN DANIEL IS EMPLOYED BY & HAS OWNERSHIP IN COMPANY 650 THE UNIVERSITY ENTERED INTO CONSTRUCTION CONTRACTS WITH THIS FAMILY OWNED BUSINESS. MS. DANIEL IS THE VICE PRESIDENT AND HAS AN OWNERSHIP INTEREST IN THE COMPANY. COMPETITIVE BIDS WERE TAKEN TO ENSURE FEES ARE REASONABLE. 0 DR EDWARD L SCHRADER JR PRESIDENT EMERITUS 45300 THE UNIVERSITY HAS A 31.7 PERCENT OWNERSHIP INTEREST IN THE HOME OF THE UNIVERSITY PRESIDENT EMERITUS. COINCIDENT WITH THE RETIREMENT OF PRESIDENT EMERITUS, THE BOARD OF TRUSTEES HAS AGREED TO TRANSFER THE UNIVERSITY'S OWNERSHIP PERCENTAGE BACK TO HIM OVER THE COURSE OF FIVE YEARS BEGINNING WITH THE CALENDAR YEAR 2020. 0 X 7 57300 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES INVESTMENT BROKERS TO SELL GIFTS OF STOCK. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRMAN, VICE-CHAIR, SECRETARY, TREASURER, AND THE CHAIRS OF THE FINANCE, EXTERNAL RELATIONS, FACILITIES, AUDIT, HEALTHCARE EDUCATION, TRUSTEESHIP, AND COMPENSATION COMMITTEES. THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD IN MOST MATTERS WITH RESPECT TO THE AFFAIRS OF THE UNIVERSITY WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION. FORM 990, PART VI, SECTION A, LINE 2 TWO UNIVERSITY TRUSTEES ARE MEMBERS OF A LIMITED LIABILITY COMPANY THAT LEASES EDUCATIONAL FACILITIES TO THE UNIVERSITY. SEE SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND MADE AVAILABLE ONLINE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARE REVIEWED AND MONITORED BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABILITY DATA SUPPLIED BY A CONSULTANT TO DETERMINE COMPENSATION OF THE PRESIDENT. THE PRESIDENT USES COMPARABILITY DATA TO DETERMINE RECOMMENDED COMPENSATION OF TOP MANAGEMENT AND KEY EMPLOYEES TO THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FEDERAL FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 990,426. VALUATION ADJUSTMENT FOR INTEREST RATE SWAP -230,995.