Rider University

“Colleen and gary shapiro have a family relationship.”

“The board of trustees revised the by-laws of the university effective june 2018 in which a 5th administrative officer was added.”

“The audit and enterprise risk management committee of the university's board of trustees performed a review of the form 990 and all applicable schedules prior to submission as part of an audit and enterprise risk management committee meeting. In addition, the form 990 and all applicable schedules were posted on the university's intranet for the entire board of trustees to review prior to submission.”

“The university has a written conflict of interest policy, and an annual compliance review process which includes: - solicit feedback from division heads on proposed staff in their units who should participate in the annual reporting and review process. Any individual who is considered to have significant responsibility for institutional operations or purchasing is included. The policy requires that persons involved in decision making disclose financial or other interests - either current or proposed - that impair or may appear to impair their independent, unbiased judgment. - distribute the conflict of interest policy and questionnaire for disclosure of potential conflicts of interest to all individuals so identified. In 2018, 116 individuals (officers, trustees, coaches, and administrators) received and completed the conflict questionnaire. - review of all conflict questionnaire responses by the university board of trustees' human resources committee, which serves as the conflict committee under the university's bylaws. The human resources committee reports its findings to the board of trustees, which is responsible for acting on the committee's findings - in particular on any conflict that might be identified. By policy, any proposed business relationship between a trustee or their related entity must be evaluated and acted on prior to its potential implementation. No such relationship currently exists. - any board member with a conflict will recuse himself/herself from any votes regarding the matter.”

“The senior compensation committee of the board of trustees engages an independent consulting firm to undertake a reasonableness review of top management compensation. Top management includes the institution's president and vice presidents. The reasonableness review includes consideration of comparability data prepared by the consultants which is provided to all committee members and to all members of the university's board of trustees. The benchmark data considered includes both salary and total compensation information. Contemporaneous minutes are maintained for both the senior compensation committee of the board and for the full board of trustees meetings. This process was last undertaken in october 2018. The university consistently utilizes higher education benchmarking data to assess the reasonableness of key employees' compensation. Faculty compensation is governed by a collective bargaining agreement.”

“The university's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Rider's vision rider university will be a leader in american higher education celebrated for educating talented students for citizenship, life and career success in a diverse and interdependent world. Rider will achieve distinctiveness by focusing on students first, by cultivating leadership skills, by affirming teaching and learning that bridges the theoretical and the practical and by fostering a culture of academic excellence. Rider's mission rider attracts and graduates talented and motivated students with diverse backgrounds from across the nation and around the world, and puts them at the center of our learning and living community. As a learner-centered university dedicated to the education of the whole student, rider provides students the intellectual resources and breadth of student life opportunities of a comprehensive university with the personal attention and close student-faculty interactions of a liberal arts college. Through a commitment to high quality teaching, scholarship and experiential opportunities, faculty on both campuses provide undergraduate and graduate students rigorous and relevant programs of study to expand their intellectual, cultural and personal horizons and develop their leadership skills. Our highly regarded programs in the arts, social sciences, sciences, music, business and education challenge students to become active learners who can acquire, interpret, communicate and apply knowledge within and across disciplines to foster the integrative thinking required in a complex and rapidly changing world. Rider attracts highly qualified faculty, staff and administrators with diverse backgrounds who create an environment which inspires intellectual and social engagement, stimulates innovation and service and encourages personal and professional development. As key members of our university community, it is their commitment to our values, vision and mission that will ensure rider's success. The university's institutional identity will continue to reflect the strengths of its people, history, location and shared values, among which are a commitment to diversity, social and ethical responsibility, and community. The success of our graduates will be demonstrated by their personal and career achievements and by their contributions to the cultural, social and economic life of their communities, the nation and the world.”

“Change in value of pension 3,048,726. Change in value of beneficial interest in perpetual trust -25,230. Write-off of contribution receivable -101,893. Postretirement actuarial adjustment 3,089,507.”

“Rider university did not change its oversight process or selection process during the year.”