Trine University Amended

“Dr. Ralph Trine and Dr. Sheri Trine have a family relationship. JIM FABIANI AND ELIZABETH ROONEY HAVE A FAMILY RELATIONSHIP. LARRY REINERS AND DEREK REINERS HAVE A FAMILY RELATIONSHIP.”

“An independent cpa firm and the audit committee will perform a review of the form 990. After their approval, the form 990 is posted on trine university's board web site. An email is also sent informing the board of the availability of the form 990. After this, the form and related schedules are submitted to the irs.”

“Trine university distributes an annual conflict of interest questionnaire to all officers, directors, trustees, and key employees. These parties are requested to complete the questionnaire. Any conflicts are brought to the board's attention and any conflicts are resolved at the board level. Any individuals with known conflicts are asked to recuse themselves from discussions relating to such conflict.”

“The chief financial officer does a comparability study with similar organizations, compiling the information to supply to the executive compensation committee. The committee meets annually to analyze the president's goals and objectives set forth and achieved, review compensation, and determine compensation based on the analysis and comparability study information provided. Compensation is approved by the full board. The last compensation review was performed in 2018. In addition, a compensation study is obtained from a third party every 5 years.”

“No documents are available to the public.”

“ALL OTHER REVENUE AND EXPENSES RELATE TO OTHER EDUCATIONAL INSTRUCTIONS IN SCIENCE, BUSINESS ADMINISTRATION, TEACHER EDUCATION, COMMUNICATIONS, AND SOCIAL SCIENCES. FORM 990, PART VI, SECTION A, 1B Dr. Ralph Trine and Dr. Sheri Trine are considered non-independent due to a transaction with Vestil Manufacturing Corp, an entity of which they are greater than 35% owners. This transaction is reported on Schedule L.”

“Split interest agreements $(46,469) interest in steuben county community foundation 29,817 derivitive contract 689,216 total $672,564”

“Certain reclassifications have been made to the 2016 financial statements to conform to the 2017 financial statement presentation. The reclassifications were a result of the adoption of asu 2015-03, 'interest - imputation of interest (subtopic 835-30): simplifying the presentation of debt issuance costs.' the reclassifications were deemed to be immaterial and had no effect on the change in net assets. These have been recorded appropriately on part x.”

“The 2017 form 990 for trine university is being amended in order to correct reporting of deferred compensation and nontaxable benefits, which affects part vii and schedule j of the 2017 form 990. In the spring of 2020, it was determined that the compensation for the 4/30/2018 return had been reported incorrectly. Trine university immediately sought to correct the unintentional past error in reporting. The original and correct compensation information from part vii is as follows: as originally filed as amended name reportable comp. Reportable comp. Mr. Allen hersel $203,971 $203,942 as originally filed as amended name other compensation other compensation dr. Earl d. Brooks, ii $46,686 $98,237 mrs. Jody a. Greer $34,847 $45,351 mr. Michael bock $33,646 $40,913 mr. Allen hersel $41,309 $46,679 dr. Max baumgartner $36,155 $46,058 ms. Dawn labarbera $37,134 $48,079 mr. Tom trusty $34,591 $42,415 mr. Scott goplin $30,655 $36,159 trine university is extremely sensitive to the public nature of the form 990, and will continue to make every effort to ensure that the information contained in the document is accurate and timely. In the event of any unintentional errors in the accuracy of the information, trine university is committed to making timely corrections so that the public has access to all relevant information.”