Southern New Hampshire University

“At each annual meeting of the board, the board shall elect an executive committee of not less than three (3) trustees to act in its stead between meetings of the full board. Election of the committee shall be from those nominated by the board chair or those nominated by the board at the meeting. Each member of the board shall have one vote for each position and those receiving the greatest number of votes shall be elected. There shall be no cumulative voting. Form 990, part vi, section a, line 2: paul j. Leblanc and robert decolfmacker both serve on the board of motivis learning systems, inc.”

“The draft of the form 990 is presented to the audit and compliance committee of the board of trustees for their review. After any recommended changes, the form 990 is then made available to all trustees for their review.”

“It is the policy of the university that conflicts of interest between the university and its trustees, officers and employees be avoided and that pecuniary benefit transactions be disclosed and approved by the board. The university follows all statutory requirements of the federal and state laws which apply to the university, including the provisions of rsa 7:19-a as the same may be amended from time to time. All potential conflicts or pecuniary benefit transactions as defined by said statute shall be reported to the board and acted upon by it as required by law and no person shall vote or be present for the action by the board in relation to any such matter involving that person. Additionally, the board and leadership team are surveyed annually about any potential conflicts and disclosures, and, if any arise, they are reviewed. Form 990, part vi, section b, line 14: certain departments have document retention and destruction policies; however, the university does not have a comprehensive policy that has been approved by the board or an authorized committee.”

“For fiscal year 2015, compensation of the president and other officers and key employees were set by an independent committee of the board of trustees after reviewing comparable compensation information. Decisions regarding the compensation arrangements were contemporaneously documented.”

“THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION THROUGH GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19: The University makes its governing documents and conflict of interest policy available upon request. The University also makes its financial statements available upon request.”

“Description of organization's mission: southern new hampshire university (snhu) educates intellectually and culturally enriched individuals to be successful in their careers and contribute to their communities. Snhu's educational philosophy challenges students' intellectual potential and prepares them for professional lives in an ever-changing and increasingly interconnected world. It provides a supportive and close knit learning community and delivers engaging instruction in a flexible variety of formats. Students develop the knowledge to understand a complex world, the skills to act effectively within that world, and the wisdom to make good choices. They do so within a community of teachers, staff, and peers that is encouraged to add its scholarly, creative and pedagogical contributions to the larger social good.”

“Instruction and student services: snhu is a private, coeducational institution. Enrollment consists of approximately 3,909 students in the day school; 1,155 students in on-campus graduate programs; 73,178 graduate and undergraduate students in distance education; 1,619 students in the college for america competency-based education program; and 1,952 students in the high school program and certificate programs. The university offers 30+ certificate programs in a variety of fields. The university offers 12 associate's degrees in culinary arts, it, photography, criminal justice, and business-related fields. Bachelor of science and arts degrees are offered in more than 60 areas of business, education, and liberal arts study. Master's degrees are offered in business administration, accounting, business, information technology, mental health counseling, fine arts, education, and several liberal arts disciplines. Doctoral degrees offered are an ed.d. In educational leadership and a ph.d. In international business. Snhu also offers a wide variety of services to its students to maximize the educational experience. Services include athletics, residential life, counseling and wellness, dining, diversity, intramurals and recreation, public safety and disability services, among others.”

“NET UNREALIZED LOSS ON DERIVATIVES ($680,564) Loss on Redemption of Bonds ($1,899,726) _______________ TOTAL ($2,580,290)”