Saint Joseph'S University

“The average hours per week listed in this section are a minimum.”

“Form 990, part i, line 1 we prepare students for personal excellence, professional success, and engaged citizenship. Striving to be an inclusive and diverse community that educates and cares for the whole person, we encourage and model lifelong commitment to thinking critically, making ethical decisions, pursuing social justice, and finding god in all things.”

“FORM 990, PART VI, SECTION A, LINE 2 SAINT JOSEPH'S UNIVERSITY PREPARES A SUMMARY OF BOARD AFFILIATIONS AND POSITIONS that LISTS THE OFFICER'S and the BOARD MEMBER'S NAME(s), AND THE SJU RELATED/AFFILIATED ENTITY OR THE NON-SJU AFFILIATED ENTITIES in connection with EACH PERSON that HAS A FAMILIAL OR BUSINESS RELATIONSHIP. SCHEDULE L LISTS THE REPORTABLE BUSINESS TRANSACTIONS INVOLVING BOARD MEMBERS.”

“FORM 990, PART VI, SECTION B, LINE 11B FOLLOWING REVIEW BY MANAGEMENT, GENERAL COUNSEL (SCHEDULE O), AND APPROVAL BY THE Finance and Audit COMMITTEE OF THE BOARD OF TRUSTEES, THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING FOR TRUSTEES REVIEW, COMMENT, INPUT, AND QUESTIONS, IF ANY. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD HAS REVIEWED, SEPARATELY, SCHEDULE J PRIOR TO ITS FILING.”

“FORM 990, PART VI, SECTION B, LINE 12C: SJU HAS A BUSINESS CONDUCT AND CONFLICT OF INTEREST POLICY ('POLICY'), AS AMENDED FROM TIME TO TIME, WHICH SETS FORTH SJU'S POLICIES AND PROCEDURES REGARDING MANAGING, REDUCING OR ELIMINATING CONFLICTS OF INTEREST AS DEFINED IN THE POLICY. THE POLICY APPLIES TO BOARD MEMBERS AND ALL EMPLOYEES, INCLUDING OFFICERS, FACULTY AND KEY EMPLOYESS ('COVERED PERSONS'). COVERED PERSONS ANNUALLY RECEIVE A COPY OF THE POLICY AND A CONFLICT OF NTEREST DISCLOSURE STATEMENT ('STATEMENT') FOR COMPLETION INCUDING, IN PARTICULAR, DISCLOSURE OF FINANCIAL INTERESTS OR OTHER REPORTABLE CIRCUMSTANCES OR RELATIONSHIPS, INCLUDING THE COVERED PERSON'S RELATED PARTIES, AS DESCRIBED IN THE POLICY. THE STATEMENT OF TRUSTEES AND THE PRESIDENT SHALL BE DIRECTED TO THE CHAIRPERSON OF THE Finance and Audit COMMITTEE AND REVIEWED AND MAINTAINED BY THE OFFICE OF GENERAL COUNSEL, WHICH SHALL PROVIDE A SUMMARY OF THE DISCLOSED CONFLICTS OF INTEREST TO THE FINANCE & AUDIT COMMITTEE WITH GENERAL COUNSEL'S RECOMMENDATIONS, IF ANY, RE THE SAME; AND SUCH SUMMARY AND RECOMMENDATIONS, ALONG WITH THE COMMITTEE'S COMMENTS, SHALL BE PROVIDED BY THE CHAIRPERSON OF THE FINANCE & AUDIT COMMITTEE, ON BEHALF OF THE COMMITTEE, TO THE CHAIRPERSON OF THE BOARD FOR PRESENTATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, AND THE FULL BOARD AS APPROPRIATE. THE STATEMENT OF ALL OTHER OFFICERS (VICE PRESIDENTS, CORPORATE,SECRETARY AND TREASURER), FACULTY, KEY EMPLOYEES AND EMPLOYEES SHALL BE DIRECTED TO, THEN REVIEWED AND MAINTAINED BY THE GENERAL COUNSEL, WITH A SUMMARY OF ALL DISCLOSED CONFLICTS OF INTEREST PROVIDED TO THE CHAIRPERSON OF THE FINANCE & AUDIT COMMITTEE, THE PRESIDENT AND TO THE CHAIRPERSON OF THE BOARD FOR PRESENTATION, AS APPROPRIATE, TO EITHER THE EXECUTIVE COMMITTEE OF THE BOARD, OR TO THE FULL BOARD. COPIES OF THE STATEMENTS OF THE TRUSTEES SHALL BE MAINTAINED BY THE OFFICE OF THE GENERAL COUNSEL AS PART OF THE UNIVERSITY'S CORPORATE BOOKS AND RECORDS. A COPY OF THE STATEMENTS OF OFFICERS, FACULTY, KEY EMPLOYEES AND EMPLOYEES SHALL ALSO BE MAINTAINED IN THE COVERED PERSON'S PERSONNEL FILE AND MADE AVAILABLE FOR REVIEW BY GENERAL COUNSEL AND THE FINANCE & AUDIT COMMITTEE, with follow-up AS NEEDED. INFORMATION DISCLOSED BY COVERED PERSONS SHALL BE HELD IN CONFIDENCE AND ONLY AVAILABLE TO THOSE OFFICERS OF THE UNIVERSITY WITH A BUSINESS NEED TO KNOW SUCH INFORMATION, AND WHEN THE BEST INTEREST OF THE UNIVERSITY WOULD BE SERVED, AND SHALL BE DISCLOSED TO AND/OR AVAILABLE TO THE BOARD OF TRUSTEES, UPON REQUEST OR WHEN DEEMED REQUIRED OR APPROPRIATE BY THE PRESIDENT, CHAIR OF THE FINANCE & AUDIT COMMITTEE OR TREASURER/VP FOR FINANCE AND ADMINISTRATIVE SERVICES, IN CONSULTATION WITH THE GENERAL COUNSEL. THE POLICY CONTAINS A CONTINUING AFFIRMATIVE OBLIGATION TO DISCLOSE FINANCIAL INTERESTS OR OTHER REPORTABLE CIRCUMSTANCES OR RELATIONSHIPS, WHICH MAY RISE TO THE LEVEL OF AN ACTUAL OR APPARENT CONFLICT AND PROVIDES PROCEDURES FOR THE BOARD OR RELEVANT BOARD COMMITTEE TO MANAGE, REDUCE OR ELIMINATE THE CONFLICT OF INTEREST. DISCUSSIONS AND PROCEEDINGS WHERE A CONFLICT IS DISCLOSED ARE DOCUMENTED IN THE MINUTES FOR THE BOARD OR AFFECTED BOARD COMMITTEE.”

“FORM 990, PART VI, SECTION B, LINES 15A & 15B: PRESIDENT: ONLY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD WHO HAVE NO PERSONAL INTEREST IN ANY EXECUTIVE COMPENSATION ARRANGEMENT WITH THE UNIVERSITY, ANNUALLY REVIEW AND APPROVE, BASED ON A REVIEW OF APPROPRIATE COMPARABILITY DATA, THE COMPENSATION THAT IS PAID TO THE PRESIDENT (WHO ALSO SERVES AS AN EX OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE, BUT IS RECUSED FOR THIS REVIEW AND APPROVAL). OFFICERS AND PROVOST: THE PRESIDENT, BASED ON A REVIEW OF APPROPRIATE COMPARABILITY DATA, DECIDES THE COMPENSATION TO BE PAID TO THE PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS, TREASURER (AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION), CORPORATE SECRETARY AND GENERAL COUNSEL, WHICH DECISIONS REGARDING COMPENSATION AND MATERIAL TERMS OF EMPLOYMENT ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS REGARDING THE COMPENSATION OF THE PRESIDENT AND ITS REVIEW AND APPROVAL OF THE PRESIDENTS DECISIONS REGARDING THE levels of COMPENSATION OF THE OFFICERS AND PROVOST. SENIOR LEADERS: THE PRESIDENT, BASED ON A REVIEW OF relevant COMPARABILITY compensation DATA, DECIDES THE COMPENSATION TO BE PAID TO ALL OTHER SENIOR LEADERS, WHICH DECISIONS REGARDING COMPENSATION AND MATERIAL TERMS OF EMPLOYMENT ARE REVIEWED BY THE EXECUTIVE COMMITTEE.”

“Form 990, part vi, section c, line 19 the by-laws are available to all trustees at any time and from the university upon request when deemed appropriate by the board of trustees, in consultation with the general counsel, and in response to legal process. Other institutional policies (e.g., whistleblower policy, policy prohibiting discrimination, harrasment and retaliation) are either posted on the sju internet website or on the internal websites. Requests for financial information will be evaluated on an individual basis and information will be provided as appropriate or as required by legal process.”

“Other Changes in Net Assets Interest Rate Swap: 539,575”

“The University received a contribution of $10,000,000 in July 2018. Conditions related to the revenue recognition of the contribution were met for the year ended May 31, 2018 and was thus reported on the 2017 Form 990, Part VIII, Line 1 but was not reported on Schedule B since the adjustment was made to the prior year financials after year end. This disclosure is to serve as the reporting of the contribution. It is not listed on the current year Schedule B as it would result in an overstatement of current year contributions.”