2025-05-12T14:02:28+00:00 2024-06-30 332621854 CRI Capin Crouse Advisors LLC 345 Massachusetts Ave Suite 300 Indianapolis IN 46204 990 2023-07-01 590624364 Barry University Inc BARR 3058993050 11300 NE 2nd Avenue Miami Shores FL 331616695 Susan Rosenthal VP for Business & Finance 3058993050 2025-05-12 true Daren Daiga P01074795 5055022746 2025-05-12 2023 2025-03-06 01:10:19Z Dr Michael Allen 11300 NE 2nd Avenue Miami Shores FL 331616695 199625637 false 0928 X http://www.barry.edu X 1940 FL A Catholic institution of higher education, Barry University was founded in 1940 by the Adrian Dominican Sisters. Grounded in the liberal arts tradition, we are a scholarly community committed to the highest academic standards in undergraduate, graduate, and professional education. In the Catholic intellectual tradition, integration of study, reflection, and action inform the intellectual life. Faithful to this tradition, a Barry education and university experience foster individual and communal transformation where learning leads to knowledge and truth, reflection leads to informed action, and a commitment to social justice leads to a collaborative service. Barry University provides opportunities for affirming our Catholic identity, Dominican heritage, and collegiate traditions. Catholic beliefs and values are enriched by ecumenical and interfaith dialogue. Through worship and ritual, we celebrate our religious identity while remaining a university community where all are welcome. 34 31 2464 247 163969 0 11009392 7576561 178906592 180293105 754828 1861711 4299800 4161321 194970612 193892698 58153718 52711939 0 0 85710298 79710857 0 83000 339527 60226532 63652418 204090548 196158214 -9119936 -2265516 214695876 213664847 84955568 81977854 129740308 131686993 Barry University is a Catholic institution of higher education founded by the Adrian Dominican Sisters. With a liberal arts tradition, Barry University is a scholarly community committed to the highest academic standards in undergraduate, graduate and professional education. false false 117382580 52711939 163069975 Instructional services to graduate and undergraduate students: Founded in 1940, Barry University is a private Catholic university located in Miami Shores, Fla. Barry is committed to providing students with a personalized, values-based education centered on experiential education and service learning with more than 100 degree programs, including healthcare, social work, education, business, leadership, podiatry and law. Barry University is a top-rated university in awarding financial aid packages,making college affordable for underserved students and creatingopportunities for them to achieve social mobility.Barry provides its students with hands-on education that transforms concepts into impact and produces graduates who are leaders in solving society's critical challenges.With enduring commitments to social justice and community service, Barry students are actively involved in community engagement programs, averaging 70,000 hours of community service a year both locally and internationally. Barry students have achieved numerous accolades, including membership in national honor societies, over 90% first-time pass rate on the Physician Assistant National Certifying Exam (PANCE), recognition for their research and scholarly work, and leadership and service through organizations such as the Student Government Association and the Barry University Service Corps.Student athletes at Barry excel in the classroom and have won 28NCAA Division II National Championships. With over 60 student organizations, Greek life, intramural sports and numerous campus events, including athletic events, Barry offers a robust and diverse campus life. 31668246 0 20284571 Student services and auxiliary enterprises: The Barry University student services include campus ministry, commencement, counseling and psychological services, dean of students, first-year experience, fitness center, international student services, multicultural programs, leadership, orientation, wellness, student conduct, student health, student life and recreation, student union, and wellness. The University's auxiliary enterprises include ten residence halls, the Roussell Dining Hall and other retail and catering options, and the Barry University Bookstore. 6674757 0 347660 The Monsignor William Barry Memorial Library (located in Miami Shores, FL) supports the university's educational mission through a comprehensive program of information resources in print, electronic, and streaming formats, as well as interlibrary loan to material not owned or licensed. The resources are complemented by 37 desktop computers, two kiosks with a total of 36 laptops, walk-up scanning station (KIC4), as well as three Newline interactive displays (two are 75 one is 86"). Physical access to the 4-story, 86,000+ sq ft library is provided 93.5 hours a week and includes access to 13 group study rooms, printing, copying, and scanning. The Library shares catalog access with Barry University Dwayne O. Andreas School of Law Library (located in Orlando, FL). Reference librarians at both locations are available to assist with research and reference for students and faculty, either in person or video conferencing tools. 155725583 true true false true false true true false true true true false false true true true false true true true false false true true false false false true true true false false false false false true false false true false true true false false false false false false false true X 7979 0 true 2464 true true true true CJ false false false true true false false false false false false X 34 31 false false false false false true true true true false false false true true true true true true true false FL X Judith Penate 3058994042 11300 NE 2nd Avenue Miami Shores FL 331616695 Christopher J Gruchacz Secretary 1.0 X X 0 0 0 Dr Michael Allen President 40.0 X X 500151 0 198029 Gregory Greene Chairperson 1.0 X X 0 0 0 Heather J Rohan FACHE Chairperson 1.0 X X 0 0 0 John M Bussel Vice Chairperson 1.0 X X 0 0 0 Tanya I Davis CPA Vice Chairperson 1.0 X X 0 0 0 Allyson Maynard-Gibson QC LLM Trustee 1.0 X 0 0 0 Amelia Sanchez Trustee 1.0 X 0 0 0 Carlos Arboleda Trustee 1.0 X 0 0 0 Christopher McFarlane CPA JD Trustee 1.0 X 0 0 0 David Lawrence Jr Trustee 1.0 X 0 0 0 Denise Kim Beamer JD Trustee 1.0 X 0 0 0 Frank G Persico Trustee 1.0 X 0 0 0 Gregory C Ward Esq Trustee 1.0 X 0 0 0 Greta Enid Matta Trottman Esq Trustee 1.0 X 0 0 0 Henri Crockett Trustee 1.0 X 0 0 0 John D Fumagalli Trustee 1.0 X 0 0 0 John S Steinberg DPM Trustee 1.0 X 0 0 0 Joy Taylor Trustee 1.0 X 0 0 0 Kevin W Shaughnessy Esq Trustee 1.0 X 0 0 0 Kimberly Topping Morris Trustee 1.0 X 0 0 0 Linda O Perez Esq Trustee 1.0 X 0 0 0 Matthew Allen Trustee 1.0 X 0 0 0 Matthew J Muhart Trustee 1.0 X 0 0 0 Msgr Chanel Jeanty JCL Trustee 1.0 X 0 0 0 Nelson Fonseca Jr Trustee 1.0 X 0 0 0 Phillis Oeters Trustee 1.0 X 0 0 0 Pieter van der Heide Trustee 1.0 X 0 0 0 Sr Mary Ann Caufield OP Trustee 1.0 X 0 0 0 Sr Patricia Siemen OP JD Trustee 1.0 X 0 0 0 Sr Rosemary T Finnegan OP Trustee 1.0 X 0 0 0 William R O'Donnell PE SECB Trustee 1.0 X 0 0 0 Xavier Gonzalez Trustee 1.0 X 0 0 0 Jennifer Pugh VP for University Administration 40.0 X 214760 0 31846 John Murray Provost 40.0 X 272858 0 38086 Pablo Ortiz Provost 40.0 X 0 0 0 Susan Rosenthal VP for Business & Finance 40.0 X 249195 0 38171 Ioan Daraban Dean, Business and Public Administration 40.0 X 238848 0 20481 John McFadden Dean, Nursing & Health Sciences 40.0 X 234706 0 20510 Julie Isha VP for Enrollment and Marketing 40.0 X 230875 0 9865 Karen Callaghan Dean, College of Arts & Sciences 40.0 X 176380 0 17622 Leticia Diaz Dean, Law 40.0 X 265035 0 34079 Robert Snyder Dean, School of Podiatric Medicine 40.0 X 325204 0 14537 Yvette Koottungal Vice President for Strategic Initiatives 40.0 X 224195 0 37945 Cherison Cuffy Assistant Professor, Podiatric Medicine 40.0 X 285148 0 38642 Jacqueline Brill Professor, Podiatric Medicine 40.0 X 284816 0 30948 James Losito Professor, Podiatric Medicine 40.0 X 236760 0 35007 Luis Rodriguez Anaya Associate Professor, Podiatric Medicine 40.0 X 188752 0 29840 Manuel Tejeda Professor, Management 40.0 X 257099 0 20789 4184782 0 616397 154 false true false Compass Group 2400 Yorkmont Road Carlotte NC 28217 Food services 4670604 Allied Universal 161 Washington Street Suite 600 E Conshohocken PA 19428 Security services 2457448 ABM Industry Groups LLC 14141 Southwest Freeway Suite 400 Sugar Land TX 77478 Custodial/ground services 2342532 Relevant Brands Inc 800 Douglas Road La Puerta del So Coral Gables FL 33134 Marketing/recruiting services 861442 Dade Construction Corp 12240 SW 131 Avenue Miami FL 33186 Construction services 681547 48 77010 1982279 5517272 1333125 7576561 Tuition and Fees 611310 162012715 162012715 Auxiliary Enterprises 611310 14855462 14855462 Podiatric Clinic 900099 2330261 2330261 Student Fees 611310 840348 840348 Athletic facilities 611310 254319 90350 163969 0 0 0 0 180293105 1364751 1364751 5040 5040 638225 638225 0 638225 638225 5561758 564027 5591840 42025 -30082 522002 491920 491920 49100 77010 99074 -49974 -49974 Reimbursements 900099 1823803 1823803 1749267 1749267 0 0 3573070 193892698 183702206 163969 2449962 52711939 52711939 3429120 2684980 737442 6698 212941 166620 45905 416 63401790 49719354 13557731 124705 1672054 1290061 379781 2212 6438802 4900423 1523993 14386 4556150 3611015 935540 9595 172481 9268 163213 508001 25760 482241 117520 117520 83000 83000 226925 142117 84808 8608563 6175924 2425974 6665 2060902 518614 1493897 48391 2564608 2326891 228824 8893 6045744 477550 5567133 1061 6259947 5311349 924314 24284 1520193 1384141 135531 521 348123 271066 76932 125 1147982 957021 190961 9837664 8254362 1583302 5046401 317057 4729344 Food Services 5630286 5368504 253207 8575 Repairs/Maintenance 3895280 2893075 1002205 Bad Debt 3056505 446540 2609965 Security 2860917 2385542 475375 3744376 3376410 367966 0 196158214 155725583 40093104 339527 20125840 12080113 10319709 13750558 3630803 3006513 2139508 1795131 359926 553949 0 0 7127967 5993220 6335693 7004276 257194152 151988634 106754118 105205518 24193252 28768374 27118884 27965788 3397039 4980839 244477 504510 2948660 2056058 214695876 213664847 11887552 11703524 872573 1607968 52004321 47632813 0 0 551297 1402344 19639825 19631205 84955568 81977854 X 82564322 80395305 47175986 51291688 129740308 131686993 214695876 213664847 X -2265516 4216213 -4012 X false true X true true true X 8894244 13944285 20894563 11009392 7576562 62319046 0 0 8894244 13944285 20894563 11009392 7576562 62319046 1468719 60850327 3510028 2173196 2376771 2187472 2008016 12255483 0 0 0 5376 0 5376 3082162 2213606 2761754 3652023 3573070 15282615 89862520 918981851 0.6771 0.6548 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 3082162.0, COLUMN B - 2213606.0, COLUMN C - 2761754.0, COLUMN D - 3652023.0, COLUMN E - 3573070.0, COLUMN F - 15282615.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 73102 false true 44418 117520 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Between July 1, 2023 through June 30, 2024, Barry University advocated for government support at the local, state and federal levels via in-person visits, email, telephone, and U.S. mail. As a member of the Independent Colleges and Universities of Florida (ICUF), Barry University advocated for legislation that would expand government support and funding for independent colleges and universities. Further, as a member of the Hispanic Association of Colleges and Universities (HACU), Barry University appealed to elected officials for support of Hispanic-serving institutions. X 1 6.2 0 0 0 1 true 80.0 2000 0 186476 X false 53988781 795026 4854405 731288 154604 58752320 49943246 897023 3938925 785596 4817 53988781 54487883 461786 -4131212 703771 171440 49943246 45993199 415031 9702656 677632 945371 54487883 45448212 745043 422990 428749 194297 45993199 0.3492 0.6508 0.0 false false 7803612 7803612 183156909 101034488 82122421 61926413 50954146 10972267 4307218 4307218 105205518 Corporate bonds 6015991 F Land and building held for investment 14350000 F Hedge funds 1332292 F Other investments 394909 F Beneficial Interest in Perpetual Trust 5872596 F 27965788 Student Deposits 9796254 Other liabilities 7751136 Operating Lease Liabilities 2083815 19631205 X 145502184 4216213 10150 99074 4325437 141176747 52715951 52715951 193892698 143555499 10150 99074 109224 143446275 52711939 52711939 196158214 Schedule D, Part II, Line 5 Conservation easements policy The Barry University School of Law shall take reasonable steps to monitor compliance with the restrictions placed on the property by the conservation easement. Facilities Staff will regularly physically 'walk' the property to look for and rectify any violations. The School of Law has contracted with an outside vendor to maintain the aquatic health of the pond that is located in the easement area. Should any violations occur that are beyond the abilities of the Law School to rectify, the main campus Facilities Department of Barry University shall be notified. Schedule D, Part II, Line 9 Conservation easements financial reporting The University records the easement in its statement of financial position as part of the cost of the land purchased for the University's law school in Orlando. Schedule D, Part III, Line 4 Collections of art - description of collections The collection of books relates to theology, philosophy, religious studies, and supporting disciplines. Schedule D, Part V, Line 4 Intended uses of endowment funds The University's unrestricted endowments are restricted by the University's Board of Trustees. The Board can appropriate as much of the net appropriation on board-designated endowments as is prudent considering the University's present and anticipated financial requirements, expected total return on investments, price level trends, and general economic conditions. The income derived from permanently restricted endowed funds is to be used for various programs sponsored by the University in accordance with the donor's wishes and is classified as restricted or net assets with donor restrictions, in accordance with the donor's wishes. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. Accordingly, the financial statements do not include an income tax provision, except for certain taxable transactions. The University complies with the provisions of Accounting Standards Codification ("ASC") 740 (formerly Financial Accounting Standard Board Interpretation ("FASB") No. 48, Accounting for Uncertainty in Income Taxes-An Interpretation of FASB Statement No. 109 ("FIN 48"). Under ASC 740, the University must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. Management of the University does not believe there are any material uncertain tax positions and accordingly has not recognized any liability for unrecognized tax benefits. The University has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the University has filed Internal Revenue Service Form 990 tax returns as required and all other applicable returns in those jurisdictions where it is required. The University believes that it is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2020. However, the University is still open to examination by taxing authorities from fiscal year 2020 forward. For the years ended June 30, 2024 and 2023, there was no interest or penalties recorded or included in the statements of activities and changes in net assets. Earnings from unrelated business activities were not significant for the years ended June 30, 2024 and 2023. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Special Event Expense - 99074 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships netted with revenue - 52711939 change in cash surrender value - 4012 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Event Expenses - 99074 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships netted with revenue - 52711939 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(c). The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Barry University receives assistance from Title IV programs including Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant, Federal Work-Study Program, etc. Central America and the Caribbean 0 18 Program Services Graduate Education Teaching 72083 Central America and the Caribbean 0 0 Investments 1332292 0 18 0 0 0 18 1404375 0 1404375 false false true true false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X true Maia McGill Consulting LLC 900 Biscayne Blvd 4403 Miami FL 33132 Fundraising and grant soliciations false 0 83000 -83000 0 83000 -83000 FL Golf Tournament 67390 31940 35450 4104 24284 7822 2708 24084 Alumni Reunion 58720 45070 13650 2205 14406 5850 13611 0 126110 77010 49100 4104 26489 22228 8558 37695 99074 -49974 Schedule G, Part I, Line 2b The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. true Student Scholarships/Awards 3606 52711939 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. No cash changes hands and funds are directly applied to student accounts. The Higher Education Emergency Relief Fund (HEERF) awarded from the U.S. Department of Education to support direct assistance to students affected by the COVID-19 pandemic was fully spent as of June 30, 2023. There were zero funds spent as of June 30, 2024. X X X X true true X X false false false true false false false false false Dr Michael Allen President 488151 0 0 0 12000 0 20480 0 177549 0 698180 0 0 0 Jennifer Pugh VP for University Administration 214760 0 0 0 0 0 8940 0 22906 0 246606 0 0 0 John Murray Provost 272858 0 0 0 0 0 11265 0 26821 0 310944 0 0 0 Susan Rosenthal VP for Business & Finance 249195 0 0 0 0 0 10445 0 27726 0 287366 0 0 0 Ioan Daraban Dean, Business and Public Administration 238848 0 0 0 0 0 9645 0 10836 0 259329 0 0 0 John McFadden Dean, Nursing & Health Sciences 234706 0 0 0 0 0 9464 0 11046 0 255216 0 0 0 Julie Isha VP for Enrollment and Marketing 230875 0 0 0 0 0 9245 0 620 0 240740 0 0 0 Karen Callaghan Dean, College of Arts & Sciences 176380 0 0 0 0 0 7145 0 10477 0 194002 0 0 0 Leticia Diaz Dean, Law 265035 0 0 0 0 0 10945 0 23134 0 299114 0 0 0 Robert Snyder Dean, School of Podiatric Medicine 325204 0 0 0 0 0 13045 0 1492 0 339741 0 0 0 Yvette Koottungal Vice President for Strategic Initiatives 224195 0 0 0 0 0 9445 0 28500 0 262140 0 0 0 Cherison Cuffy Assistant Professor, Podiatric Medicine 285148 0 0 0 0 0 11853 0 26789 0 323790 0 0 0 Jacqueline Brill Professor, Podiatric Medicine 284816 0 0 0 0 0 11693 0 19255 0 315764 0 0 0 James Losito Professor, Podiatric Medicine 236760 0 0 0 0 0 7458 0 27549 0 271767 0 0 0 Luis Rodriguez Anaya Associate Professor, Podiatric Medicine 188752 0 0 0 0 0 3983 0 25857 0 218592 0 0 0 Manuel Tejeda Professor, Management 257099 0 0 0 0 0 10374 0 10415 0 277888 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel First-class travel is provided and treated as non-taxable compensation to the President. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Housing Allowance & Personal Services: As a condition of employment, and as a convenience to the University, the President is provided a University-owned home. The University uses this home extensively for University functions and provides grounds care at all times and housekeeping when there is an event. The home is provided as a nontaxable benefit to the President because it is required in his contract and he resides there for the convenience of the University. Schedule J, Part I, Line 1a Health or social club dues or initiation fees The University pays the membership dues for an airline travel club and a country club for the President. These memberships are used for bona-fide business purposes and therefore, are treated as non-taxable. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization Clinical Faculty Physicians in the School of Podiatric Medicine received a percent of gross revenue collected for services at the teaching clinics. A Higher Educational Facilities Financing Authority 900058227 000000000 2022-03-24 35352000 See Part VI false false false B Higher Educational Facilities Financing Authority 900058227 000000000 2022-07-28 18902000 See Part VI false false false A 3712000 35365896 268797 4267946 28083203 2745950 true true false true B 2542000 18902000 63401 196840 18641759 2012 true false true true A false false true true false 0.0 false false true B false false true true false 0.0 false false true A false true false false false false true B false true false false false false true A true B true Schedule K, Part I, Column (f) Bond A Pt. I, Line B - 2022A Higher Educational Facilities Financing - The purpose of the bond issue is to fully refund the Series 2011 Bonds issued 08/02/11, fund various capital projects in the amount of $7,000,000, and fund transaction costs. 2022B Higher Education Financing Authority - The purpose of the bond issue is to fully refund the 2021 BBVA Loan Bonds, and fund certain transaction costs. Schedule K, Part I, Column (f) Bond B PT. I, LINE B - EDUCATIONAL FACILITIES REVENUE BOND (BARRY UNIVERSITY PROJECT), SERIES 2022C - THE PURPOSE OF THE BOND ISSUE IS TO FULLY REFUND THE SERIES 2012 BONDS ISSUED 03/28/12, AND FUND TRANSACTION COSTS. Schedule K, Part II, Line 3 Bond A The difference between Pt. II Line 3 total proceeds of issue, and issue price per Form 8038 is due to investment earnings. Dr Michael Allen President Split Dollar Loan - Life Insurance X 525000 553949 false true true 553949 Laura Alonso-Gallo Family member of Vice Chairperson, John Bussel 124355 W-2 Wages and Benefits false Rebecca Murray Family member of Provost, John Murray 13553 W-2 Wages and Benefits false Mary Elizabeth Allen Family member of Board Member, Matthew Allen 71633 W-2 Wages and benefits false X 5 757099 Market value X 2 169991 Market value X Podiatry Practice 1 320458 Market value X Supplies/Gift Cards 8 60913 Market value X Medical equipment 1 19542 Market value X food/beverages 4 5122 Market value 0 false true false Schedule M, Part I The number of contributions represents the number of contributions received, not the number of items donated. Form 990, Part VI, Line 1a Delegate broad authority to a committee Composition of the Executive Committee of the Board: The Board will have an Executive Committee consisting of the Chairperson of the Board and not less than five (5) other Trustees. The Executive Committee will include at least one (1) member of the Sponsoring Congregation, which shall be the Prioress of the Sponsoring Congregation or a Board member designated by the Prioress. The Chairperson of the Board is also the Chairperson of the Executive Committee. The Vice Chairpersons of the Board and Chairperson of each Committee of the Board will also be members of the Executive Committee. The Secretary of the Board ("Board Secretary"), who must be a Trustee, will also be a member of the Executive Committee. The President shall be a member of the Executive Committee; as a member of the Executive Committee the President will have the power to vote and will be counted as a member of the Executive Committee for the purpose of determining a quorum except when the subject of the vote creates a conflict of interest pursuant to Article XII (eg. President's compensation, removal, or other conflict as determined by the Board). The Chairperson of the Board shall be empowered to invite the immediate past Chairperson to serve on the Executive Committee. Scope of the Committee's authority: When the Board is not in session and prudent management requires prompt action, the Executive Committee shall exercise all of the authority of the Board in the management of the Corporation except as such authority is limited by resolution of the Board, and any such action shall be submitted to the Board at its next meeting for review. Actions by the Executive Committee, as described in this provision, shall be used sparingly and shall not be abused. A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The University's Sponsoring Congregation selects up to three Sisters to serve as Trustees, one of which shall be the Prioress of the Sponsoring Congregation or the Prioress' designee. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following matters require the approval of the Sponsoring Congregation's Prioress and General Council or their designee: - any changes to the purposes and mission of the organization - the slate of nominees for appointment to the President of the organization - any amendments to the Articles or Bylaws of the organization that affect the powers or rights of the Sponsoring Congregation - the nominees to the Board and selecting those persons to be appointed as the Sponsoring Congregation Trustees - the purchase, sale, lease or mortgage of real property of the organization in an amount more than $5,000,000 for purchases, sale, and mortgages and more than $50,000 per month for leases - the merger or dissolution of the organization and upon approval of dissolution, the approval of the disposition of the assets of the organization as set forth in the Articles Form 990, Part VI, Line 11b Review of form 990 by governing body Barry University uses the following process to review the Form 990. An external tax firm prepares the return with input from the University's controller. The Vice President of Business and Finance reviews, approves, and signs the return. A public inspection copy of the reviewed Form 990 is then provided to the Board of Trustees prior to filing with the IRS. The external tax firm electronically files the return on or before the due date including extensions. Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, under the conflict of interest policy, each covered person shall execute an annual disclosure statement disclosing the facts related to any covered relationship. Ongoing: a covered person shall disclose the existence and nature of any covered relationship and all material facts prior to the consideration of a proposed transaction or arrangement by the board (for a trustee or the President) or the President's Cabinet (for covered persons not trustees). In the event that a potential conflict of interest arises at a board meeting for a trustee or the President, the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the board. In the event that a potential conflict of interest arises outside a board meeting and/or for a covered person not a trustee, then the covered person having such a covered relationship in any matter shall disclose any material facts as to such covered relationship to the President's Cabinet. After disclosure by a trustee or the President to the board of a covered relationship and all material facts, and after any discussion with the covered person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. After disclosure by anyone other than a trustee to the President's Cabinet of a covered relationship and all material facts, and after any discussion with the covered person, the President's Cabinet will discuss and vote upon the determination of a conflict of interest. A covered person that is a trustee or the President may make a presentation to the board, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the financial transaction or arrangement that causes a conflict of interest. The board of trustees or the President's Cabinet will then deliberate to independently determine if possible conflict of interest identified will be approved by the appropriate body to ensure adherence to the conflict of interest policy. Form 990, Part VI, Line 15a Process to establish compensation of top management official The President's compensation is reviewed annually; comparable data/information is reviewed. The compensation is in keeping with the University's guidelines. The Chairperson and the Executive Committee of the Board conduct the annual evaluation of the President. The discussions and decisions form part of the minutes to the board of trustees meeting. Form 990, Part VI, Line 15b Process to establish compensation of other employees Compensation for all other officers and key employees is approved through HR in collaboration with the President, VP, or Provost responsible for the area. HR uses compensation benchmark data for all University positions and documents the approval process through automated business process workflows in its system of record. Form 990, Part VI, Line 19 Required documents available to the public The University makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request. The 990 return of organization exempt from tax is public information. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 1749267, Related or Exempt Function Revenue: 1749267, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in cash surrender value - -4012; Schedule F, Part IV, Line 3 The organization has analyzed its ownership in the foreign corporation and has determined that it does not meet the reporting thresholds for Form 5471. Schedule F, Pt. IV, Line 4 The organization has analyzed its ownership in the passive foreign investment company and has determined that it does not meet the reporting thresholds for Form 8621.