Skip to content
Nonprofiteer
← DOMINICAN UNIVERSITY

Form 990 for tax year 2022

Filed by DOMINICAN UNIVERSITY.

Totals

Total revenue
$112,060,108
Total expenses
$111,091,645
Contributions and grants received
$13,307,678
Grants paid
$37,637,024
Program service revenue
$95,351,242
Investment income
$2,550,823
Other revenue
$850,365
Total assets, end of year
$148,270,222
Total liabilities, end of year
$33,613,924
Net assets or fund balances, end of year
$114,656,298
Program services expenses (Part IX)
$100,433,750
Management and general expenses
$8,697,429
Fundraising expenses
$1,960,466
Program service expenses (Part III)
$100,433,750

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $307,820

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $8,140,558

  • 1f · All other contributions, gifts and grants

    $4,859,300

  • 1g · Noncash contributions included above

    $78,876

  • 2a · Program service revenue: Tuition & Fess-Undergraduate

    total $71,547,597 · related or exempt $71,547,597 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Tuition & Fess-Graduate

    total $17,200,269 · related or exempt $17,200,269 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Auxiliary Revenues

    total $6,603,376 · related or exempt $6,603,376 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,204,078 · related or exempt $0 · unrelated business $0 · excluded $3,204,078

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $30,263

  • 6b · Less rental expenses

    real property $0 · personal property $30,263

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $4,122,437 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $4,775,692 · other assets $0

  • 7c · Gain or loss

    securities -$653,255 · other assets $0

  • 7d · Net gain or loss

    total -$653,255 · related or exempt $0 · unrelated business $0 · excluded -$653,255

  • 8a · Fundraising events: gross income

    $82,920

  • 8a · Fundraising events: contributions included on line 1c

    $307,820

  • 8b · Fundraising events: direct expenses

    $168,630

  • 8c · Net income from fundraising events

    total -$85,710 · unrelated business $0 · excluded -$85,710

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $215,000

  • 10b · Cost of goods sold

    $67,433

  • 10c · Net income from sales of inventory

    total $147,567 · related or exempt $0 · unrelated business $0 · excluded $147,567

  • 11a · Other revenue: Student Payment Plan & Finance Fee Revenu

    total $342,705 · related or exempt $0 · unrelated business $0 · excluded $342,705

  • 11b · Other revenue: Indirect Cost Recovery Revenues

    total $192,027 · related or exempt $0 · unrelated business $0 · excluded $192,027

  • 11d · All other revenue

    total $253,776 · related or exempt $0 · unrelated business $0 · excluded $253,776

  • 11e · Other revenue, total

    $788,508

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $35,008,383 · program services $35,008,383

  • 3 · Grants to foreign organizations and individuals

    total $2,628,641 · program services $2,628,641

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,664,247 · program services $1,532,748 · management and general $955,443 · fundraising $176,056

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $34,132,471 · program services $31,178,582 · management and general $2,141,750 · fundraising $812,139

  • 8 · Pension plan contributions

    total $1,895,509 · program services $1,671,341 · management and general $157,413 · fundraising $66,755

  • 9 · Other employee benefits

    total $4,776,522 · program services $3,805,309 · management and general $864,040 · fundraising $107,173

  • 10 · Payroll taxes

    total $2,561,266 · program services $2,267,798 · management and general $225,198 · fundraising $68,270

  • 11a · Fees: management

    total $794,527 · program services $92,685 · management and general $701,842 · fundraising $0

  • 11b · Fees: legal

    total $350,967 · program services $0 · management and general $350,967 · fundraising $0

  • 11c · Fees: accounting

    total $86,155 · program services $0 · management and general $86,155 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $81,308 · program services $0 · management and general $81,308 · fundraising $0

  • 11g · Fees: other

    total $1,450,017 · program services $694,632 · management and general $535,361 · fundraising $220,024

  • 12 · Advertising and promotion

    total $2,772,868 · program services $2,207,936 · management and general $551,512 · fundraising $13,420

  • 13 · Office expenses

    total $5,917,348 · program services $4,374,120 · management and general $1,106,999 · fundraising $436,229

  • 14 · Information technology

    total $736,769 · program services $736,769 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $946,075 · program services $823,980 · management and general $122,095 · fundraising $0

  • 17 · Travel

    total $468,290 · program services $397,364 · management and general $44,878 · fundraising $26,048

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $454,268 · program services $368,441 · management and general $53,004 · fundraising $32,823

  • 20 · Interest

    total $1,439,351 · program services $1,253,596 · management and general $185,755 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,275,700 · program services $2,852,956 · management and general $422,744 · fundraising $0

  • 23 · Insurance

    total $749,643 · program services $666,088 · management and general $83,555 · fundraising $0

  • 24a · Other expenses: Restricted Grants & Gifts

    total $3,810,986 · program services $3,810,986 · management and general $0 · fundraising $0

  • 24b · Other expenses: Contracted Food

    total $2,360,441 · program services $2,360,441 · management and general $0 · fundraising $0

  • 24c · Other expenses: Equipment & Maintenance

    total $1,560,005 · program services $1,531,066 · management and general $27,410 · fundraising $1,529

  • 24d · Other expenses: Federal HEERF Funds III-ARP Grant

    total $169,888 · program services $169,888 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,082 · end of year $2,383

  • 2 · Savings and temporary cash investments

    beginning of year $16,596,552 · end of year $5,584,859

  • 3 · Pledges and grants receivable

    beginning of year $1,651,355 · end of year $2,081,330

  • 4 · Accounts receivable

    beginning of year $4,080,981 · end of year $5,791,214

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $885,100 · end of year $914,956

  • 10a · Land, buildings and equipment: cost or other basis

    $143,253,815

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,816,636

  • 10c · Land, buildings and equipment, net

    beginning of year $69,513,496 · end of year $72,437,179

  • 11 · Investments: publicly traded securities

    beginning of year $53,350,941 · end of year $57,650,809

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,840,905 · end of year $3,807,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,560,226 · end of year $5,623,505

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $129,792 · end of year $103,691

  • 20 · Tax-exempt bond liabilities

    beginning of year $26,909,214 · end of year $27,071,809

  • 21 · Escrow or custodial account liability

    beginning of year $868,718 · end of year $814,919

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,856,743 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $61,558,697 · end of year $63,206,053

  • 28 · Net assets with donor restrictions

    beginning of year $50,037,022 · end of year $51,450,245

Mission and programs · 2022

Mission

Dominican University provides undergraduate and graduate instruction to students, and administers all of its programs without discrimination of race, color, gender, religion, national or ethnic origin, disability, age, marital status, or sexual orientation. As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service, and participate in the creation of a more just and humane world.

Activities or mission (Part I)

As a Sinsinawa Dominican sponsored institution, Dominican University prepares students to pursue truth, give compassionate service and participate in the creation of a more just and humane world.

  • Instructional Support includes areas related to teaching, research and advising. The University provides rigorous education in an intellectually integrated, mission-centered educational environment with hundreds of avenues for its students at the undergraduate and graduate levels to explore career interests and experience diverse cultures and international environments. It offers more than 50 undergraduate degree options, 25 graduate degrees as well as doctoral degrees in Library and Information Science and Applied Social Justice. Students benefit from hands-on research opportunities, demanding academics, personal attention and deep interactions in classes that average 16 students. Career-enhancing opportunities include pre-professional programs, multiple master's degrees (some accelerated) at multiple locations, full- and part-time schedules, evening classes and certification and endorsement programs.

    Expenses $72,170,446 · Grants $37,637,024 · Revenue $66,385,085

  • Academic Support is provided under the leadership of the Provost and the Associate Provost of the university, and supports the institutional areas of the university. Faculty are supported by the Center for Teaching Excellence whose mission is to support all faculty at all stages of their career as it relates to their role as teachers, student advisers, scholars, and citizens of the community and the university. Faculty committees exist to allow input and transparency into core decisions of the university. The Faculty Senate provides a central voice for all faculty. The Rebecca Crown Library provides library services to students, faculty, staff and the community.

    Expenses $11,083,566 · Revenue $10,195,080

  • Student Services is comprised of the Office of Enrollment Management (Admissions), Financial Aid Office, Dean of Students Office, Student Involvement, Student Success and Engagement, and Athletics. The Vice President for Enrollment Management oversees the Admissions, Financial Aid, and Marketing offices. This team is responsible for recruiting new and transfer students. By complying with federal and state regulations, the Financial Aid Office is responsible for packaging financial aid for students based on limits set by federal and state governance. Most students receive some form of scholarships or grants. External audits are conducted by various agencies for finance and financial aid. The Dean of Students and Student Success and Engagement Offices, which include (Wellness, Advising, Career Services, and Student Activities) work closely with students to prepare for holistic experiences. Training, tutoring, and various areas of support are the many resources that are provided. Career services help to prepare students for employment during and after their academic tenure. The Athletic Director oversees the university's 12 athletic sports and applies gender equity among the sports. The Athletic Department provides intercollegiate competition opportunities for student athletes of the university regardless of race, gender, ethnicity, or orientation.

    Expenses $13,228,098 · Revenue $12,167,701

  • Auxiliary services include student housing, campus dining, and the Performing Arts Theater. The university offers four residence halls. Housing includes a variety of options ranging from single and double rooms, to suites. Students who live in the residence halls are expected to purchase the campus meal plan; some specific exceptions are allowed. The Performing Arts Theater offers a variety of musical and theater productions. The theater productions are integrated with the Undergraduate Theater Program which supports their theater curriculum. Many students participant in the performances, assist with stage crew set up and tear down, and ticket collections.

    Expenses $3,951,640 · Revenue $6,603,376

As filed on the 2022 return.

Listed in Part VII

  • Donna M Carroll

    President (former)

    Total calculated
    $2,652,135
    From this org
    $2,623,061
    From related orgs
    $0
    Other
    $29,074
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $232,727
    Bonus
    $0
    Other
    $2,336,334
    Deferred
    $74,915
    Nontaxable benefits
    $8,160
    Filer's total
    $2,652,136
  • Glena Temple

    President

    Total calculated
    $452,703
    From this org
    $421,171
    From related orgs
    $0
    Other
    $31,532
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $395,179
    Bonus
    $0
    Other
    $0
    Deferred
    $45,861
    Nontaxable benefits
    $11,663
    Filer's total
    $452,703
  • Roberto Curci

    Vice Provost and Dean of BSB

    Total calculated
    $283,723
    From this org
    $243,906
    From related orgs
    $0
    Other
    $39,817
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $223,906
    Bonus
    $0
    Other
    $0
    Deferred
    $40,000
    Nontaxable benefits
    $19,817
    Filer's total
    $283,723
  • Genaro Balcazar

    Senior VP Enrollment & Marketing Strategy

    Total calculated
    $258,980
    From this org
    $211,921
    From related orgs
    $0
    Other
    $47,059
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,921
    Bonus
    $0
    Other
    $0
    Deferred
    $36,440
    Nontaxable benefits
    $29,619
    Filer's total
    $258,980
  • Mark Titzer

    VP for Finance & Administration

    Total calculated
    $220,921
    From this org
    $204,052
    From related orgs
    $0
    Other
    $16,869
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,052
    Bonus
    $0
    Other
    $0
    Deferred
    $43,280
    Nontaxable benefits
    $589
    Filer's total
    $220,921
  • Jeff Carlson

    Provost (through 6/30/22) & Professor

    Total calculated
    $209,995
    From this org
    $177,253
    From related orgs
    $0
    Other
    $32,742
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,579
    Bonus
    $0
    Other
    $0
    Deferred
    $31,813
    Nontaxable benefits
    $18,604
    Filer's total
    $209,996
  • Sara Acosta

    VP for the University Advancement

    Total calculated
    $206,218
    From this org
    $171,309
    From related orgs
    $0
    Other
    $34,909
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $153,809
    Bonus
    $0
    Other
    $0
    Deferred
    $31,500
    Nontaxable benefits
    $20,909
    Filer's total
    $206,218
  • Jacob Bucher

    Dean of College of Applied Social Sciences

    Total calculated
    $188,208
    From this org
    $147,051
    From related orgs
    $0
    Other
    $41,157
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,743
    Bonus
    $0
    Other
    $0
    Deferred
    $27,556
    Nontaxable benefits
    $28,910
    Filer's total
    $188,209
  • Chad Rohman

    Dean Rosary College of Arts & Sciences

    Total calculated
    $178,625
    From this org
    $137,670
    From related orgs
    $0
    Other
    $40,955
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $122,965
    Bonus
    $0
    Other
    $0
    Deferred
    $26,180
    Nontaxable benefits
    $29,480
    Filer's total
    $178,625
  • Barrington Price

    VP for Student Success and Engagement

    Total calculated
    $172,164
    From this org
    $158,973
    From related orgs
    $0
    Other
    $13,191
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,273
    Bonus
    $0
    Other
    $0
    Deferred
    $25,400
    Nontaxable benefits
    $491
    Filer's total
    $172,164
  • Glenn Hamilton

    Assistant VP of Enrollment Management

    Total calculated
    $169,841
    From this org
    $145,241
    From related orgs
    $0
    Other
    $24,600
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,256
    Bonus
    $0
    Other
    $0
    Deferred
    $21,781
    Nontaxable benefits
    $17,804
    Filer's total
    $169,841
  • Roberta McMahon

    Executive Director of Human Resources

    Total calculated
    $166,592
    From this org
    $134,024
    From related orgs
    $0
    Other
    $32,568
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,082
    Bonus
    $0
    Other
    $0
    Deferred
    $32,111
    Nontaxable benefits
    $21,400
    Filer's total
    $166,593
  • Khalid Razaki

    Professor

    Total calculated
    $160,319
    From this org
    $148,101
    From related orgs
    $0
    Other
    $12,218
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $122,588
    Bonus
    $0
    Other
    $0
    Deferred
    $37,398
    Nontaxable benefits
    $333
    Filer's total
    $160,319
  • Todd Kleine

    Chief Information Officer

    Total calculated
    $159,933
    From this org
    $137,109
    From related orgs
    $0
    Other
    $22,824
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,508
    Bonus
    $0
    Other
    $0
    Deferred
    $26,948
    Nontaxable benefits
    $11,478
    Filer's total
    $159,934
  • Tamara Bland

    Dean of BCHS

    Total calculated
    $156,769
    From this org
    $152,159
    From related orgs
    $0
    Other
    $4,610
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,160
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $1,610
    Filer's total
    $156,770
  • Laura Niesen

    Provost (eff 7/8/22)

    Total calculated
    $117,102
    From this org
    $104,039
    From related orgs
    $0
    Other
    $13,063
    Hours/week
    50
  • Daniel Anderson

    Faculty Trustee

    Total calculated
    $86,347
    From this org
    $65,377
    From related orgs
    $0
    Other
    $20,970
    Hours/week
    30
  • William Rogalla

    Trustee

    Total calculated
    $49,099
    From this org
    $49,099
    From related orgs
    $0
    Other
    $0
    Hours/week
    25
  • Faith Echeverria

    Student Trustee

    Total calculated
    $10,578
    From this org
    $10,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Matthew Toles

    Trustee

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Thomas Dee

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Yonhee Gordon

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Steven Holli

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Judith A Jewison OP

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Bernadine Karge OP

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Kevin M Killips-Past Chair

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Joseph Moskal

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Patricia A Mulcahey OP

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Martin J Noll

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Antonio Ortiz

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Raymond C Parmer

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Steven R Thomma

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Hugh Toner

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Bronwyn McDaniel

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Kathy Scherer

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Anne M Kohler

    Trustee-Chair

    Total calculated
    $0
    Hours/week
    10
  • Thomas D Abrahamson

    Trustee-Immediate Past Chair

    Total calculated
    $0
    Hours/week
    5
  • Mary Jo Herseth

    Trustee-Chair Elect

    Total calculated
    $0
    Hours/week
    5
  • Patricia O'Neill Baker

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Paul C Darley

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Martin Castro

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Mark Ishaug

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Sally Nieto

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Tom Savage

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Roberto Sepulveda

    Trustee

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Housing for the President is being provided by the university. The valuation of personal monthly lease payments are imputed and are included in the employee's taxable income. Also included in the President's taxable income, an automobile allowance is being provided on a monthly basis. These arrangements were and are authorized by the University's Board of Trustees.
Schedule J, Part I, Line 3
The Board of Trustees appoints the President of the University. An external and independent search firm is engaged to bring qualified candidates for consideration. An internal search committee is formed, which is made up mostly of Trustees, certain faculty, staff and students. Qualified candidates are vetted by the internal search committee and suggested to a small group of college personnel for further review. Salaries and benefits are benchmarked among peer institutions. Once a candidate is selected, a written contract is presented to the candidate, and is signed by the candidate.
Schedule J, Part I, Line 4
The former President was paid a deferred compensation agreement in calendar year 2022. This amount was never paid before, and was a direct payment to the former president.
Schedule J, Part II
In calendar 2022, the former president was paid out the remaining amounts of her deferred compensation, and was paid the university's accrued retirement plan benefits, valued at $2.3M; the accrued retirement benefits were accounted for in the assets and liabilities on the university's balance sheet. These amounts were accrued and vested over the former president's 27-year employment, and were never paid to the employee before year 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Constance Barbantini Estate

    Trust Beneficiary · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IRREVOCABLE CHARITABLE TRUST

    T · Interest in an Irrevocable Trust · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by BMO Harris Bank-Trustee

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411349349308161

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.