Rider University

“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 2019, 135 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 premier, forward-looking university known for its engaged learning program that, together with dynamic academic programs, enriching co-curricular experiences and a vibrant living and learning community, challenges students, excites their imaginations and instills in them excellence in thought and action, preparing them for highly engaged and fulfilling professional and personal lives. Rider's mission rider university welcomes students from throughout the region, across the nation, and around the world who seek to be challenged and supported as active members of our inclusive and vibrant living and learning community. Committed to student growth, transformation and leadership, we connect rigorous academic, artistic and professional programs of study with a rich array of learning experiences that engage students inside and outside the classroom. We prepare graduates to thrive professionally and to be lifelong independent learners and responsible citizens who embrace diversity, support the common good, and contribute meaningfully to the changing world in which they live and work. Rider's promise our students, alumni, faculty, staff and administrators live the rider promise by being forever: - prepared to contribute meaningfully to the changing world in which they live and work - respectful of all people, rights, freedoms and individual differences - open to a life of independent learning - motivated to be responsible citizens who support the common good - innovative, creative and resourceful - skilled and thriving professionals, educators, artists and performers - engaged in their communities as leaders and role models the rider promise is offered as a representation of the new mission in response to feedback from students during the strategic planning process. It is inspired by rider's recent 150th anniversary which embraced the tagline, fulfilling the promise. This tagline was, in turn, inspired by andrew j. Rider himself as discussed in the historical books written by dr. Walter a. Brower '48, former dean of the school of education. Andrew j. Rider declared in 1883 that rider's future was full of promise.”

“Change in value of pension 308,848. Change in value of beneficial interest in perpetual trust 214,683. Write-off of contribution receivable -621,361. Postretirement actuarial adjustment change in value of split interest agreements 5,407.”

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