Lynn University Inc.

“The executive committee shall have a minimum of three members, all of whom shall be members of the board. Between meetings of the board, the executive committee shall have general supervision of the administration and property of the corporation except that, unless specifically empowered by the board to do so, it may not take any action inconsistent with a prior act of the board of trustees, award degrees, alter these by-laws, locate permanent buildings on tax-exempt property held for the corporation's purposes, remove or appoint the president of the corporation, or take any action which has been reserved for the board.”

“CHRISTINE LYNN AND JAN CARLSSON - Family relationship”

“A draft of Form 990 was reviewed by Crowe based on audited financial statements and other information provided by University management. Following a review by the CFO and Director of Accounting, minor revisions were incorporated into a revised draft, which was posted to the Board portal prior to filing.”

“Each year, all officers, directors, trustees and key employees are required to sign a disclosure letter detailing any relationships or business transactions where a potential conflict might exist. These disclosures are reviewed by the CFO. In the event of a conflict of Interest, or the appearance of any such conflict, it is incumbent upon the relevant Board member(s) or director(s) to notify the Board of the conflict and recuse themselves from participation in the discussion and vote regarding any related issues or transactions.”

“The Lynn University board of trustees engaged compensation and benefits experts to develop a reasonable executive compensation strategy to encourage retention and incentivize the achievement of key milestones in the university's strategic plan. The executive compensation strategy includes a comprehensive review of the entire compensation package, which includes base salary, incentive and deferred compensation, retirement plans, and other benefits. The Executive Committee of the Board of Trustees reviews the President's compensation and determines his raise. The Executive Committee then communicates the percentage of the President's raise to the Vice President for Business and Finance, who speaks with outside compensation counsel to confirm that the President's raise is comparable and reasonable based on market conditions. This process is documented in the Executive Committee meeting minutes. This process was undertaken during the fall of 2019.”

“The President conducts annual performance reviews of all officers, based on pre-determined goals. He then makes recommendations regarding compensation to the Chair of the Board for approval. The University retained an outside expert to perform a compensation study of all employees, including officers of the organization. This comprehensive study was performed years ago; however, the University receives ongoing guidance regarding annual increases to ensure that these annual increases are comparable and reasonable based on market conditions. As new positions are created, or as market conditions warrant, this expert is consulted on a case-by-case basis. The University provides benefits according to written standard policies. If any benefit is provided outside of these policies, Board approval is required. This process was undertaken during the year ended June 30, 2020, and is documented in each employee's file.”

“Financial statements and governing documents are not required disclosures pursuant to internal revenue code (IRC) section 6104. Therefore, these documents are not available to the public at this time. The Conflict of Interest policy is provided upon request.”

“Other - Total Revenue: 363693, Related or Exempt Function Revenue: 363693, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: -3244, Related or Exempt Function Revenue: -3244, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(continued from part iii) the university is committed to student-centered learning, where faculty and staff provide personalized attention to students who have varying levels of academic proficiency and are motivated to excel. A full range of academic and support programs are coordinated to serve the increasingly diverse needs of undergraduate and graduate students. Additional and specialized academic support services are offered to provide academic assistance to help students remain in college and graduate. These services are offered to students in a variety of forms with a varying fee schedule. An academic resource named the institute for achievement and learning is available to all students, including those with diagnosed learning differences. Math, computer and other subject-area tutors assist students. The university, small by design, provides an environment within and outside the classroom in which a community of learners can pursue academic excellence and develop their skills as responsible global citizens. Faculty, staff and students contribute to an atmosphere that nurtures creativity, fosters achievement, values diversity and encourages voluntarism. Each jan. 12, all faculty, staff and students perform community service during "knights unite day of caring," a program which honors the four students and two professors who died in the haiti earthquake in 2010 while performing community service. Lynn's academic curricula and programs are structured to provide a balance between the theoretical and the practical, along with opportunities to become involved in community-based organizations and industries. Education and service are fully integrated to meet the changing needs of the local and global community. This integrative design prepares our graduates to meet the dynamic needs of the emerging global society. A rigorous core curriculum-the dialogues-was launched in fall 2008. Core courses are required through all four years in the bachelor's degree program. In each core class, faculty members measure student outcomes in competency areas including writing, quantitative reasoning, and scientific and technological literacy. Presented in seminar rather than lecture format, the core courses are organized around life's big questions: dialogues of self and society, dialogues of belief and reason, dialogues of justice and civic life. Each january, all students are required to attend a j-term course. Those are focused on innovation and offer intense three-week experiences that include travel, civic activism, career prep, language and culture, and other creative approaches to learning. All freshmen are required to participate in the citizenship project during the j-term. Lynn university launched its ipad-powered learning program in 2013. Following a successful pilot with undergraduates, lynn extended the program to include all faculty and students within two years. Today, faculty create free, multi-touch books through the lynn university digital press. Students access course materials using canvas and textbooks on itunes u, and experience engaging mobile content delivered through lynn's discussion-driven dialogues core curriculum. They also save up to 90 percent in textbook costs. Apple named lynn an apple distinguished school three times. Moreover, it recognized several faculty members as apple distinguished educators and certified many others. Inside higher ed and the chronicle of higher education highlighted lynn's pioneering work, and u.s. News & world report twice listed lynn among america's most innovative colleges.”

“(continued from part iii) social activities include game shows, dances, comedians, live music, international festivals, films, pool parties, sports days, intramural sports, award dinners and novelty entertainment. Individual interests ranging from the fine arts to professional football, baseball, basketball and hockey to gourmet dining can be found in south florida. Lynn university holds membership in the national collegiate athletic association (ncaa), division ii, and the sunshine state athletic conference. Intercollegiate athletic programs are open to all students in accordance with ncaa and institutional eligibility standards. Intercollegiate teams include men's and women's soccer, men's and women's basketball, men's and women's golf, men's and women's tennis, baseball, softball, men's and women's cross country, men's and women's track, men's and women's lacrosse, women's swimming and volleyball. All student-athletes are required to attend seminars on substance abuse and ncaa standards throughout the school year. In 2019-20, 78 percent of the student-athletes earned a 3.00 gpa or higher and 11 percent earned a perfect 4.00 gpa. In addition to intercollegiate sports, students are encouraged to participate in a wide range of intramural programs, including flag football, softball, soccer and volleyball. At least one registered nurse or physician's assistant is on duty during daytime hours in the health center, and works in conjunction with community medical services to provide ample health care. The health center provides treatment for minor ailments. When further care is needed, referrals are made to local physicians and health care agencies. Another health center staff member organizes wellness activities including yoga and exercise classes as well as students' strength training in lynn's fitness center. Counseling is provided on a private or group basis, and records are maintained in strict confidence by the director of counseling. Students also are urged to consult their individual instructors, resident assistants, and appropriate members of the university community, all of whom are professionally focused on assisting students. In addition, alcohol and substance abuse literature and referral services are continually available through the counseling center. The women's center provides programming and counseling services as well. The center for career and alumni connections provides a variety of services to assist students in evaluating, choosing and planning a career. Professional staff and career counselors are available to help students set their career goals, investigate employment opportunities and interview with companies for which they would like to work or intern. The snyder sanctuary provides the lynn community with a multi-faith place for contemplative thought and spiritual exploration.”

“(Expenses $ 1,299,474 including grants of $ 0)(Revenue $ 2,005,506) CLASSICAL MUSIC IS PROVIDED TO THE UNIVERSITY COMMUNITY AS WELL AS THE GENERAL PUBLIC BY STUDENTS AND FACULTY IN THE LYNN UNIVERSITY CONSERVATORY OF MUSIC. ADDITIONALLY, STUDENTS IN THE DRAMA B.F.A. PROGRAM AND PROFESSIONAL ACTORS AND MUSICIANS PERFORM ON CAMPUS IN THE PERFORMING ARTS CENTER. MANY OPPORTUNITIES TO SHARE CULTURE AND IDEAS ARE OFFERED THROUGH LECTURE SERIES AND COMMUNITY DISCOURSE. DURING THE SUMMER MONTHS BETWEEN ACADEMIC YEARS FOR TRADITIONAL COLLEGE STUDENTS, A PORTION OF THE UNIVERSITY'S EDUCATIONAL FACILITIES ARE USED TO PROVIDE INSTRUCTION TO CHILDREN AGED 3-13 WHO ATTEND PINE TREE CAMPS SUMMER SESSIONS.”

“Gain (Loss) on financial derivatives - -2315980; Change in value of split interest agreement - -10896;”