Saint Leo University Inc.

“Description of process to monitor transactions for conflicts of interest university members shall avoid favoritism and any potential conflict of interest or appearance of a conflict of interest through the following requirements: a. Trustees duties: elements of a conflict. A trustee has a conflict of interest whenever the trustee or a family member or a business associated with a trustee or a family member (insofar as may be known to the trustee) has an existing or potential financial or other interest in a matter pending before the board of trustees that might reasonably be expected to impair the trustee's independence of judgment or objectivity in the discharge of governance responsibilities. "business associates with a trustee" means an organization, corporation, partnership, proprietorship or other business entity with respect to which either the trustee or (insofar as may be known to the trustee) a member of the trustee's family: a) receives compensation in excess of $500 in any month or has any contractual right to future income in excess of $6,000 per year excluding compensation from the university, any governmental source, investment or savings income, retirement or insurance benefits or alimony; b) serves as an officer, director, partner, or employee; c) holds a financial interest valued in excess of $10,000. B. Board recusal: implications of recusal. Conflict of interest comes in many forms and cannot be avoided entirely. Recusal on a particular matter because of a conflict does not reflect adversely on the involved trustee. Rather, it is simply recognition that, in a complex and interconnected society, conflicts will occur. When this happens, recusal is necessary to assure that a trustee's independence of judgment is not compromised, that the public's confidence in the integrity of the board of trustees is preserved, and that the university's public mission is protected. C. Conflict of interest and recusal procedures: review of procedures: the board of trustees, with the assistance of the university counsel, shall review annually at a board meeting the requirements and procedures provided in this policy. Each trustee shall sign a receipt indicating the date the code was received and acknowledging that they are responsible for reading the code and is bound by it. Trustees can seek clarification of the code's provisions from the university compliance officer. Recusal: a trustee must self recuse from a matter if the trustee has: a) any financial interest, direct or indirect, that is incompatible with the discharge of the trustee's public duties, or b) any personal interest, direct or indirect, that is incompatible with the discharge of the trustee's public duties. D. University members expected behavior: no employee shall have any interest, financial or otherwise, direct or indirect, or engage in any business transaction or professional activity, that is in substantial conflict with the proper discharge of the employee's duties. E. Additional obligations: trustee and senior administrative personnel have a duty to the university to always act in good faith, with the care an ordinary prudent person in a like position would exercise under similar circumstances, and in a manner reasonably believed to be in the best interests of the university. Persons occupying these positions of trust shall complete and submit, on at least an annual basis, a conflict of interest disclosure form ("form"). The form shall be amended for frequently, as needed, whenever there is a material change in the circumstances of the reporting person that would make the form then on file materially false or misleading. In addition, all trustees must agree and sign a statement of responsibilities ("statement") that will provide some guidance on the special responsibilities attended to that office. The form and the statement may be changed from time to time by the board. Statement may be changed from time to time by the board.”

“Offices & positions for which process was used the university hires an independent consultant to review and make recommendations for the president's compensation package based off of industry, trends, etc. The executive committee of the board of directors decides what the president's compensation will be after reviewing the consultant's work and recommendation.”

“Offices & positions for which process was used the executive committee of the board of directors reviews and approves all salaries and bases their review on salary trending and other compensation related information. The process is used to establish compensation for the following offices and positions: university president vice president of academic affairs vice president of business vice president of enrollment vice president of university advancement associate vice president for technology services university general counsel associate vice president of business affairs dean of business dean of arts and sciences dean of education and social services director of the center for online learnings”

“The organization makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“SAINT LEO UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED UNIVERSITY SERVING PEOPLE OF ALL FAITHS. ROOTED IN THE 1,500 YEAR OLD BENEDICTINE TRADITION, THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY AND SPIRIT FOR ALL MEMBERS OF ITS COMMUNITY. ON ITS HOME CAMPUS AND MANY EXTENSION CENTERS, SAINT LEO UNIVERSITY OFFERS A PRACTICAL EFFECTIVE MODEL FOR LIFE AND LEADERSHIP IN A CHALLENGED WORLD, A MODEL BASED ON STEADFAST, MORAL CONSCIOUSNESS THAT RECOGNIZES THE DIGNITY, VALUE AND GIFTS OF ALL PEOPLE. TO ACCOMPLISH ITS MISSION, THE UNIVERSITY COMMUNITY CREATES A STUDENT-CENTERED ENVIRONMENT IN WHICH LOVE OF LEARNING IS OF PRIME IMPORTANCE. MEMBERS OF THE COMMUNITY ARE EXPECTED TO EXAMINE AND EXPRESS THEIR OWN VALUES, LISTEN RESPECTFULLY TO AND RESPOND TO THE OPINIONS OF OTHERS, SERVICE THE COMMUNITY IN WHICH THEY LIVE, WELCOME OTHERS INTO THEIR LIVES AND CARE FOR ALL OF GOD'S CREATIONS. Form 990, Part III, Line 4A Our liberal arts campus, located 30 miles north of Tampa, educates just over 2,200 students. Total enrollment across our Central Florida campus, more than 29 regional locations, and online programs is nearly 10,600. Saint Leo offers over 50 undergraduate degrees, programs and endorsements as well as master's, doctoral and certificate programs in the College of Arts & Sciences, College of Business, and College of Education & Social Services. The publication Diverse Issues in Higher Education ranks Saint Leo among its Top 100 institutions graduating minority students with baccalaureate degrees. We're a small school, but we have an incredibly diverse student body composed of 49% students from underrepresented populations. Saint Leo now serves students from all 50 states, the District of Columbia, three U.S. territories and over 80 foreign countries. Saint Leo is also one of the nations leading providers of higher education to the U.S. military. Today close to 6,700 men and women of the armed forces, veterans, and their family members are enrolled in Saint Leo University degree programs thats about one-third of the university-wide student community. Thousands of active duty service members, veterans and family members worldwide earn affordable, accessible university degrees through our traditional Florida campus, extensive online program offerings and Education Centers on military bases throughout the U.S. In November 2014 the Northeast Florida Education Center, along with the School District of Clay County (FL), was chosen by the Military Child Education Coalition as one of five national recipients to receive the 2014 Pete Taylor Partnership of Excellence Award, which recognizes successful partnerships and projects that ultimately benefit military-connected children. Form 990, Part VI, Line 1A THE EXECUTIVE COMMITTEE SHALL HAVE TEN (10) MEMBERS, ALL OF WHOM SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL BE EX OFFICIO WITHOUT VOTE AND NOT COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY SHALL BE MEMBERS ALONG WITH THE CHAIRPERSONS OF ALL THE BOARD STANDING COMMITTEES. IN ADDITION, ONE TRUSTEE SHALL BE NOMINATED BY THE COMMITTEE ON TRUSTEES AND ELECTED BY THE BOARD AT THE ANNUAL MEETING TO SERVE ON THE COMMITTEE. THE CHAIRPERSON SHALL INSURE THERE IS AT LEAST ONE MEMBER OF THE BENEDICTINE COMMUNITY ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD: 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS MATTERS NOT OTHERWISE HEREIN SOLELY RESERVED FOR THE BOARD OF TRUSTEES OR AS OTHERWISE DELEGATED BY THE BOARD BETWEEN REGULAR BOARD MEETINGS TO CONSERVE TIME; AND 2) IT SHALL ASSIST THE CHAIRPERSON AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING THE BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE COMMITTEE SHALL HAVE THE AUTHORITY TO TAKE ACTION ON EMERGENCY M”

“Other changes in net assets or fund balances: Loss of extinguishment of debt $458,226 Change in value of split interest agreements $25,086 Total: $483,312”