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Nonprofiteer
← UNIVERSIDAD DEL SAGRADO CORAZON INC

Form 990 for tax year 2023

Filed by UNIVERSIDAD DEL SAGRADO CORAZON INC.

Totals

Total revenue
$50,393,182
Total expenses
$48,099,959
Contributions and grants received
$6,692,581
Grants paid
$1,682,849
Program service revenue
$36,467,863
Investment income
$299,912
Other revenue
$6,932,826
Total assets, end of year
$76,990,801
Total liabilities, end of year
$28,721,934
Net assets or fund balances, end of year
$48,268,867
Program services expenses (Part IX)
$31,264,458
Management and general expenses
$16,835,501
Fundraising expenses
$0
Program service expenses (Part III)
$31,264,458

Program services were 65.0% 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.

  • 1c · Fundraising events

    $72,646

  • 1e · Government grants (contributions)

    $5,338,818

  • 1f · All other contributions, gifts and grants

    $1,281,117

  • 1g · Noncash contributions included above

    $8,157

  • 2a · Program service revenue: TUITIONS AND FEES

    total $33,312,018 · related or exempt $33,312,018

  • 2b · Program service revenue: SALES AND SERVICES OF AUXILAR

    total $2,242,376 · related or exempt $2,242,376

  • 2c · Program service revenue: SALES AND SERVICES OF EDUCATI

    total $913,469 · related or exempt $913,469

  • 3 · Investment income

    total $523,602 · excluded $523,602

  • 7a · Gross sales of assets other than inventory

    securities $14,538,784

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

    securities $14,762,474

  • 7c · Gain or loss

    securities -$223,690

  • 7d · Net gain or loss

    total -$223,690 · excluded -$223,690

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

    $72,646

  • 11a · Other revenue: OTHER SOURCES

    total $6,932,826 · related or exempt $6,932,826

  • 11e · Other revenue, total

    $6,932,826

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,682,849 · program services $1,682,849

  • 5 · Compensation of officers, directors and key employees

    total $2,644,886 · management and general $2,644,886

  • 7 · Other salaries and wages

    total $17,233,707 · program services $16,304,399 · management and general $929,308

  • 8 · Pension plan contributions

    total $1,173,582 · management and general $1,173,582

  • 9 · Other employee benefits

    total $1,442,406 · program services $1,129,508 · management and general $312,898

  • 10 · Payroll taxes

    total $1,804,256 · program services $1,469,801 · management and general $334,455

  • 11g · Fees: other

    total $4,847,778 · program services $1,949,114 · management and general $2,898,664

  • 12 · Advertising and promotion

    total $747,879 · program services $38,137 · management and general $709,742

  • 20 · Interest

    total $660,100 · management and general $660,100

  • 22 · Depreciation, depletion and amortization

    total $4,527,042 · program services $2,814,917 · management and general $1,712,125

  • 23 · Insurance

    total $793,734 · program services $485,214 · management and general $308,520

  • 24a · Other expenses: MAINTENANCE AND FACILITIE

    total $6,471,914 · program services $3,099,191 · management and general $3,372,723

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $2,931,631 · program services $1,492,426 · management and general $1,439,205

  • 24c · Other expenses: OTHER EXPENSES

    total $1,138,195 · program services $798,902 · management and general $339,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,325,893 · end of year $4,979,416

  • 4 · Accounts receivable

    beginning of year $2,571,277 · end of year $2,893,405

  • 8 · Inventories for sale or use

    beginning of year $605,985 · end of year $580,251

  • 9 · Prepaid expenses and deferred charges

    beginning of year $206,663 · end of year $760,991

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

    $122,730,624

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

    $80,467,986

  • 10c · Land, buildings and equipment, net

    beginning of year $44,962,848 · end of year $42,262,638

  • 11 · Investments: publicly traded securities

    beginning of year $22,678,966 · end of year $25,036,647

  • 15 · Other assets

    beginning of year $477,453 · end of year $477,453

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,241,811 · end of year $6,409,507

  • 19 · Deferred revenue

    beginning of year $2,114,174 · end of year $2,551,719

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,796,330 · end of year $13,755,373

  • 25 · Other liabilities

    beginning of year $6,919,405 · end of year $6,005,335

  • 27 · Net assets without donor restrictions

    beginning of year $27,729,262 · end of year $31,742,309

  • 28 · Net assets with donor restrictions

    beginning of year $15,028,103 · end of year $16,526,558

Mission and programs · 2023

Mission

THE UNIVERSIDAD DEL SAGRADO CORAZON (SAGRADO) IS AN INDEPENDENT, NONPROFIT, CATHOLIC UNIVERSITY, COMMITTED TO THE EDUCATION OF THE WHOLE PERSON THROUGH STRONG FOUNDATION IN THE LIBERAL ARTS. SAGRADO IS PART OF PUERTO RICOS OLDEST PRIVATE, CONTINUING EDUCATIONAL PROJECT AND IS DEFINED BY A DEEPLY HELD MISSION THAT REFLECTS A DOUBLE COMMITMENT TO SOLIDARITY. THE FIRST PART OF THE MISSION STATES THAT WE SEEK TO EDUCATE PERSONS IN INTELLECTUAL FREEDOM AND MORAL CONSCIENCE. SAGRADO AIMS TO EDUCATE PERSONS, EACH IN HIS OR HER OWN INDIVIDUALITY AND WHOLENESS, TO DEVELOP THEIR OWN JUDGEMENT AND EXERCISE THEIR OWN ETHICAL RESPONSIBILITY. THE SECOND PART STATES THAT SAGRADO EDUCATES PERSONS WHO ARE WILLING TO PARTICIPATE IN THE CONSTRUCTION OF A MORE AUTHENTICALLY CHRISTIAN PUERTO RICAN SOCIETY, DEFINED AS A COMMUNITY OF SOLIDARITY IN JUSTICE AND PEACE. SAGRADOS ACADEMIC PROGRAMS AIM TO ACHIEVE THE MISSION OF DOUBLE SOLIDARITY WITHIN THE CONTEXT OUTLINED BY THE VISION OF THE WORLD AS THE CLASSRO

  • WE OFFER 29 UNDERGRADUATE BACHELORS DEGREES AND 9 GRADUATE DEGREE PROGRAM WITHIN 5 ACADEMIC PROGRAMS: (A) THE FERR RANGEL SCHOOL OF COMMUNICATION, (B) THE SCHOOL OF ARTS, DESIGN AND CREATIVE INDUSTRIES, (C) SAGRADO'S BUSINESS SCHOOL, (D) THE SCHOOL OF HEALTH AND SCIENCES. AT THIS TIME THERE ARE 51 MINOR CONCENTRATIONS AND (E) THE GENERAL EDUCATION SCHOOL. ALL OF THE UNDERGRADUATE AND GRADUATE PROGRAMS HAVE BEEN APPROVED BY THE STATE LICENSING AUTHORITY THE BOARD OF POSTSECUNDARY INSTITUTIONS (IN SPANISH JUNTA DE INSTITUCIONES POSTSECUNDARIAS) AND THE UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. VARIOUS ACADEMIC PROGRAMS ALSO HAVE THEIR PROFESSIONAL ACCREDITATION. HTTPS://WWW.SAGRADO.EDU/EN/ACCREDITATIONS/.

    Expenses $29,581,609 · Revenue $36,467,863

  • SAGRADO ENHANCES STUDENTS' ACADEMIC EXPERIENCE WITH VARIOUS CO-CURRICULAR RESOURCES AND FACILITIES. THE MADRE MARIA TERESA GUEVARA LIBRARY IS A MODERN LEARNING COMMONS OFFERING RESEARCH SUPPORT, TECHNOLOGY, AND COLLABORATIVE SPACES FOR KNOWLEDGE EXCHANGE ALIGNED WITH GENERAL EDUCATION. THE COMMUNICATION CENTER PROVIDES STATE-OF-THE-ART FACILITIES FOR HANDS-ON LEARNING IN MULTIMEDIA PRODUCTION, WITH RESOURCES ACCESSIBLE TO THE ENTIRE ACADEMIC COMMUNITY. THE CENTER FOR COLLABORATIVE INNOVATION (NEEUKO) SUPPORTS STUDENT ENTREPRENEURSHIP THROUGH AN IDEA LAB, FABLAB, AND CONSULTING SERVICES, EMPHASIZING SUSTAINABLE, IMPACTFUL PROJECTS. THE BIOLOGY LEARNING CENTER (CRAB) IS EQUIPPED WITH ADVANCED LABS AND RESOURCES, ENHANCING SCIENCE EDUCATION. ELEMENT 360 AND ENTREMEDIOS OFFER PRACTICAL COMMUNICATION, MARKETING, AND JOURNALISM TRAINING ENVIRONMENTS, CONNECTING STUDENTS WITH REAL CLIENTS AND MEDIA PLATFORMS. THE COMMUNITY LIAISON UNIT AND ART GALLERY ENGAGE STUDENTS IN COMMUNITY OUTREACH AND ARTISTIC EXPRESSION, PROVIDING EXHIBITION SPACES. SPECIALIZED LABORATORIES ACROSS CAMPUS INCLUDE FACILITIES FOR VARIOUS DISCIPLINES, FROM LANGUAGE LABS TO ADVANCED SCIENCE, DESIGN, AND MULTIMEDIA STUDIOS. MULTIMEDIOS AND THE TELERADIAL UNIT OFFER REAL-WORLD PRODUCTION EXPERIENCES, ALLOWING STUDENTS TO CREATE CONTENT FOR MULTIPLE MEDIA OUTLETS. FINALLY, THE EMILIO S. BELAVAL THEATER AND EXPERIMENTAL THEATER SUPPORT LIVE PERFORMANCES, EDUCATIONAL EVENTS, AND STUDENT PRODUCTIONS. THIS CO-CURRICULAR ECOSYSTEM PROMOTES PRACTICAL LEARNING, CREATIVITY, AND COMMUNITY ENGAGEMENT ACROSS DISCIPLINES.

  • SAGRADO OFFERS COMPREHENSIVE SUPPORT SERVICES TO FOSTER STUDENTS' ACADEMIC AND PERSONAL DEVELOPMENT. THE ATHLETIC PROGRAM SUPPORTS MEN'S AND WOMEN'S TEAMS IN SPORTS SUCH AS VOLLEYBALL, BASKETBALL, SOCCER, AND SWIMMING AS PART OF THE INTERCOLLEGIATE ATHLETIC LEAGUE (LAI), PROMOTING PHYSICAL, MENTAL, AND ACADEMIC GROWTH. STUDENT ADVISORY SERVICES INCLUDE ACADEMIC ADVISING, WHICH GUIDES STUDENTS ON STUDY PLANS, TUTORING, INTERNSHIPS, AND FINANCIAL AID; EQUITY & ACCESSIBILITY, WHICH PROVIDES INDIVIDUALIZED SUPPORT FOR STUDENTS REQUIRING ACCOMMODATIONS; FINANCIAL COUNSELING, WHICH ASSISTS WITH BUDGETING, SCHOLARSHIPS, AND FAFSA; CAREER COUNSELING, WHICH PREPARES STUDENTS FOR PROFESSIONAL GROWTH; AND MOBILITY ADVISING, WHICH SUPPORTS STUDENT EXCHANGES, STUDY ABROAD, AND INCLUDES A PEACE CORPS PREP PROGRAM. STUDENT SUPPORT PROGRAMS SUCH AS PAE, A FEDERALLY FUNDED TRIO INITIATIVE, OFFER COUNSELING, ACADEMIC SUPPORT, AND SCHOLARSHIPS FOR OVER 600 ELIGIBLE STUDENTS. THE ABILITIES+ TRIO PROGRAM SERVES STUDENTS WITH DISABILITIES, PROVIDING EDUCATIONAL SUPPORT, ACCOMMODATIONS, AND TUTORING. THE CENTER FOR PROFESSIONAL AND INTERNATIONAL EXPERIENCES (CEPI) COMBINES SAGRADO CAREERS AND SAGRADO INTERNATIONAL TO OFFER CAREER DEVELOPMENT AND STUDY-ABROAD OPPORTUNITIES. THE SOPHIA CENTER IS A FAITH-BASED CENTER THAT PROMOTES SOCIAL JUSTICE, SPIRITUAL GROWTH, AND COMMUNITY ENGAGEMENT, OFFERING THEOLOGY, VOLUNTEERISM, AND PSYCHO-SPIRITUAL SUPPORT PROGRAMS. SAGRADO UPHOLDS INCLUSIVITY AND DOES NOT REQUIRE RELIGIOUS PARTICIPATION WHILE RESPECTFULLY HONORING ITS CATHOLIC IDENTITY THROUGH EXPRESSIONS OF FAITH AND VALUES.

  • THE OFFICE OF ENROLLMENT MANAGEMENT PROVIDES FINANCIAL ASSISTANCE SERVICES, INCLUDING COUNSELING ON STATE AND FEDERAL FINANCIAL AID PROGRAMS. THE SAGRADO SCHOLARSHIP PROGRAM OFFERS SUPPLEMENTAL AID FOR STUDY-RELATED EXPENSES NOT COVERED BY PELL GRANTS, SUPPORTING STUDENTS' ACADEMIC, PERSONAL, AND PROFESSIONAL GROWTH. THIS PROGRAM INCLUDES CONTINUITY SCHOLARSHIPS, ANNUAL SCHOLARSHIPS, AND THE SAGRADO ACHIEVERS HONOR & PERSISTENCE INCENTIVE. ATHLETIC SCHOLARSHIPS SUPPORT STUDENT-ATHLETES WHO MEET ACADEMIC AND ATHLETIC REQUIREMENTS, WHICH CAN BE COMBINED WITH OTHER SCHOLARSHIPS. SAGRADO PROVIDES MULTIPLE RESIDENCE HALLS STAFFED 24/7 DURING ACADEMIC TERMS, WITH ACCOMMODATIONS AVAILABLE FOR STUDENTS WITH FUNCTIONAL DIVERSITY. CAMPUS SECURITY MAINTAINS A SAFE ENVIRONMENT BY MANAGING SECURITY PROTOCOLS AND EMERGENCY INFORMATION. PARKING PERMITS ARE AVAILABLE FOR REGISTERED VEHICLES, WITH ADHERENCE TO CAMPUS REGULATIONS. OPERATIONS MANAGE DINING OPTIONS IN THE STUDENT CENTER, BARAT SUR CAFETERIAS, AND CAF SAGRADO IN THE LIBRARY. THE PEDAGOGICAL INNOVATION UNIT SUPPORTS FACULTY WITH INSTRUCTIONAL DESIGN, TECHNOLOGY INTEGRATION, AND TRAINING IN EFFECTIVE METHODOLOGIES, OFFERING COLLABORATIVE WORKSPACES. THE INTEGRATED COMPUTING AND TECHNOLOGY UNIT ALSO MANAGES INSTITUTIONAL SYSTEMS AND IT RESOURCES.

    Expenses $1,682,849 · Grants $1,682,849

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gilberto J Marxuach Torros

    PRESIDENT

    Total calculated
    $350,600
    From this org
    $350,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    not reported
    Other
    $50,600
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $350,600

  • Anuchka Ramos Ruiz

    PROVOST

    Total calculated
    $169,725
    From this org
    $169,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    not reported
    Other
    $19,725
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $169,725

  • Camelia C Fernandez Romeu

    VP HUMAN RES

    Total calculated
    $164,350
    From this org
    $164,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $145,000
    Bonus
    not reported
    Other
    $19,350
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $164,350

  • Raul Rosado Pagan

    CIO

    Total calculated
    $137,600
    From this org
    $137,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Antonio J Tejera Rocafort

    CFO

    Total calculated
    $129,577
    From this org
    $129,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Sara E Tolosa Ramirez

    VP - DEV. &

    Total calculated
    $127,450
    From this org
    $127,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Vanessa Negron Ubinas

    VP COMM. OFF

    Total calculated
    $122,407
    From this org
    $122,407
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Miriam B Quintero Casanova

    AUX. VP - AC

    Total calculated
    $116,100
    From this org
    $116,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Sandra Santiago Alvarado

    VP - OPERATI

    Total calculated
    $105,600
    From this org
    $105,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Dennis R Roman Roa

    DEAN BUSINES

    Total calculated
    $100,600
    From this org
    $100,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Gabriel Paizy Damiani

    DEAN SCHOOL

    Total calculated
    $100,560
    From this org
    $100,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Javier J Hernandez Acosta

    DEAN EADIC

    Total calculated
    $98,600
    From this org
    $98,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Nadesha K Gonzalez Nieves

    DEAN - GENER

    Total calculated
    $98,600
    From this org
    $98,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Nadjah Negron Cartagena

    DEAN - SCHOO

    Total calculated
    $96,433
    From this org
    $96,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Pedro J Rodriguez Anadon

    FACILITIES D

    Total calculated
    $95,600
    From this org
    $95,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Karla J Aguirre Astacio

    AUX. VP - EN

    Total calculated
    $92,040
    From this org
    $92,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Militza Maldonado Agusty

    EX DIR. PROF

    Total calculated
    $90,600
    From this org
    $90,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Miguel A Mercado Morales

    EXECUTIVE VP

    Total calculated
    $89,077
    From this org
    $89,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Elsamarie Vargas Vazquez

    INTERNAL AUD

    Total calculated
    $88,600
    From this org
    $88,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Janine Marrero Montalvo

    DEAN OF STUD

    Total calculated
    $74,375
    From this org
    $74,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Kiebelle Gonzalez Santiago

    DEAN S. HEAL

    Total calculated
    $69,741
    From this org
    $69,741
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Jose Lozano Rivera

    ASSIST DEAN

    Total calculated
    $63,938
    From this org
    $63,938
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Sandra R Pedraza Torres

    ENTREPENEURS

    Total calculated
    $61,500
    From this org
    $61,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Rafael Colon Colon

    GENERAL COUN

    Total calculated
    $18,750
    From this org
    $18,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Bernardo Bravo Acosta

    BOARD MEMBER

    Total calculated
    $0

  • Marisol Vega Couto

    BOARD MEMBER

    Total calculated
    $0

  • Francisco Diaz-Masso

    BOARD MEMBER

    Total calculated
    $0

  • Jorge Junquera Diez

    BOARD MEMBER

    Total calculated
    $0

  • Jaime Luis Fonalledas Ferraiuoli

    BOARD MEMBER

    Total calculated
    $0

  • Vanessa Lugo Flores

    BOARD MEMBER

    Total calculated
    $0

  • Juan Antonio Larrea French

    BOARD MEMBER

    Total calculated
    $0

  • Angel Torres Irizarry

    BOARD CHAIR

    Total calculated
    $0

  • Agnes B Suarez Mendez

    BOARD MEMBER

    Total calculated
    $0

  • Greetchen Diaz Muoz

    BOARD MEMBER

    Total calculated
    $0

  • Carlos J Ramirez Padilla

    BOARD MEMBER

    Total calculated
    $0

  • Felix M Villamil Pagani

    BOARD MEMBER

    Total calculated
    $0

  • Ana Margarita Hernandez Perez

    BOARD MEMBER

    Total calculated
    $0

  • Ingrid Rivera Rocafort

    BOARD MEMBER

    Total calculated
    $0

  • Tere Loubriel Rosado

    BOARD SECRET

    Total calculated
    $0

  • Imma De Stefanis Rscj

    BOARD MEMBER

    Total calculated
    $0

  • Samuel Cespedes Sabater

    BOARD VP

    Total calculated
    $0

  • Timothy A Howe Sj

    BOARD MEMBER

    Total calculated
    $0

  • Beatriz Luna Vida

    BOARD MEMBER

    Total calculated
    $0

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

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
ANTONIO J. TEJERA ROCAFORT 60,000 0 0 VANESSA NEGRON UBINAS 17,307 0 0 JANINE MARRERO MONTALVO 52,500 0 0
SCHEDULE J, PAGE 1, PART I, LINE 7
THE PRESIDENT, THE VICE-PRESIDENTS, AUXILIARY VICE-PRESIDENTS AND DEANS ARE ELIGIBLE TO RECEIVE A DISCRETIONARY BONUS DEPENDING ON EACH INDIVIDUAL'S PERFORMANCE AND THE RESULTS OF THE UNIVERSITY'S OBJECTIVES.
SCHEDULE J, PART III
THE BOARD OF TRUSTEES REVIEWS THE PRESIDENTS COMPENSATION PURSUANT TO THE UNIVERSITYS BY-LAWS. THE BOARDS INSTITUTIONAL GOVERNANCE COMMITTEE REVIEWS THE PRESIDENTS PERFORMANCE AND REPORTS ITS RECOMMENDATIONS TO THE BOARD. THE REVIEW AND DECISIONS ARE DOCUMENTED IN THE MINUTE OF THE BOARD AND ITS INSTITUTIONAL GOVERNANCE COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 December 2024
IRS schema version
2023v5.0
Source object
202423529349301507

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