| Form 990, Part VI, Section B, Line 11b |
Form 990 was completed by University staff and forwarded to the Audit Committee of the Board of Trustees of Tulane University. All sections of the 990, except for Schedule B Contributions, are reviewed by the Audit Committee prior to filing, thus the University is required to answer this question "no". |
| Form 990, Part VI, Section B, Line 12c |
The University's administration regularly sends out and receives conflict of interest disclosure forms from University staff and faculty members. Also on an annual basis, the members of the Board of Trustees complete a conflict of interest questionnaire with annual disclosures reviewed by the Audit Committee of the Board of Trustees. |
| Form 990, Part VI, Section B, Line 15 |
The President and the Compensation and Personnel Committee of the Board of Trustees perform annual evaluations of senior officers and other top management officials, and the Compensation and Personnel Committee conducts an evaluation of the President. The listed positions in this evaluation process are the Senior VP for Advancement, the Senior VP and Chief Operating Officer, the Senior VP for Strategic Initiatives and Institutional Effectiveness, the Senior VP for Academic Affairs and Provost, the Senior VP and Dean of Medicine, the Chief Investment Officer, the General Counsel, the Vice President, Secretary of the University and Chief of Staff, the Vice President and Deputy Chief Operating Officer and the Vice President for Enrollment Management. With respect to the senior officers, the President meets with each senior officer mid-year and end of year. They discuss the officers' duties and responsibilities, goals/objectives, results achieved and overall performance. The President presents his evaluation of each senior officer to the Compensation and Personnel Committee. The Committee evaluates the senior officers credentials/qualifications, job performance, duties/responsibilities and contribution to the university. The Committee also assesses the appropriateness of the compensation and reviews independent data as outlined in the university policy covering this process. This data may include (i) compensation paid for comparable positions by similarly situated nonprofit and for profit entities, (ii) availability of individuals possessing similar expertise or specialties in the geographic area, (iii) independent compensation surveys by nationally recognized independent firms; and (iv) written offers that the individual may have received from other institutions competing for his or her services. For the University Controller, initial compensation is determined by the Office of Human Resources using independent market studies and other factors similar to those employed by the Compensation and Personnel Committee. On an annual basis their performance is reviewed by their immediate supervisor and any compensation increase is awarded based on merit and performance. |
| Form 990, Part VI, Section C, Line 19 |
The University makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The financial statements and conflict of interest policy are available on the University's website. Financial statements and other bond compliance information are available at the Municipal Standards Rulemaking Board reporting website (www.emma.msrb.org). |
| Form 990, Part XI, Line 9 |
Unrealized gain on swaps 9,013,000 Loss on early extinguishment of debt (351,000) |
Attach to Form 990 or 990-EZ.