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INVESTMENT INCOME: 425848."},{"identifier":"Part XIII, Line 2d - Other Adjustments:","explanation":"UNIVERSITY EXPENSES REPORTED ON A SEPARATE FORM 990: 25760367."}]},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":true,"equity_based_compensation_arrangement":false},"compensation":[{"business_name_line1":"FREDERICK NERONE","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":0,"compensation_based_on_related_orgs":167600,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":9970,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5400,"other_compensation_filing_org":0,"other_compensation_related_orgs":0,"total_compensation_filing_org":0,"total_compensation_related_orgs":182970,"name":"FREDERICK NERONE"},{"business_name_line1":"TERRY P MCMAHAN","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":0,"compensation_based_on_related_orgs":267582,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":1115542,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":0,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5400,"other_compensation_filing_org":0,"other_compensation_related_orgs":1565520,"total_compensation_filing_org":0,"total_compensation_related_orgs":1838502,"name":"TERRY P MCMAHAN"},{"business_name_line1":"JOHN W WHITE","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":0,"compensation_based_on_related_orgs":225966,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":145338,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5400,"other_compensation_filing_org":0,"other_compensation_related_orgs":0,"total_compensation_filing_org":0,"total_compensation_related_orgs":376704,"name":"JOHN W WHITE"},{"business_name_line1":"LOUIS TRAINA","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":0,"compensation_based_on_related_orgs":172546,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":10249,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5400,"other_compensation_filing_org":0,"other_compensation_related_orgs":6000,"total_compensation_filing_org":0,"total_compensation_related_orgs":194195,"name":"LOUIS TRAINA"}],"supplemental_information":[{"form_and_line_reference":"Part I, Line 4a","explanation":"TERRY P. 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PARTICIPANTS BECOME VESTED IN THE PLAN UPON SEPARATION FROM SERVICE ON OR AFTER REACHING NORMAL RETIREMENT AGE (AGE 60), OR THROUGH OTHER EVENTS ASSOCIATED WITH DEATH OR DISABILITY. UNDER SECTION 457(F), THE COMPENSATION CAN ONLY BE DEFERRED AS LONG AS THE BENEFIT IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. THE UNIVERSITY HAS INTERPRETED THIS TO MEAN THAT THE PARTICIPANTS MUST BE TAXED ON THE BENEFIT ACCRUED ON THEIR 60TH BIRTHDAYS, AS WELL AS ANNUALLY FOR ANY ADDITIONAL ACCRUED BENEFIT, EVEN THOUGH THE BENEFITS WILL NOT BE DISTRIBUTED UNTIL AFTER THE PARTICIPANTS RETIRE. THE PLAN CONTAINS A PROVISION THAT ALLOWS THE UNIVERSITY TO ADVANCE THE TAXES DUE IN THESE CIRCUMSTANCES. SUCH TAXES ADVANCED REDUCE THE REMAINING LIABILITY TO BE PAID TO THE PARTICIPANTS. ALTHOUGH THE PLAN ITSELF IS UNFUNDED, THE UNIVERSITY ALSO ESTABLISHED AN EXECUTIVE RETIREMENT TRUST IN 2003 TO ACCUMULATE FUNDS THROUGH LIFE INSURANCE POLICIES FOR ALL THREE PARTICIPANTS. THE ANNUAL CONTRIBUTION TO THE INSURANCE POLICIES IS DETERMINED BY ACTUARIAL COMPUTATION WHICH WILL ACCUMULATE TO A CASH VALUE APPROXIMATING THE PROJECTED RETIREMENT LIABILITY FOR EACH PARTICIPANT. THE BENEFICIARY OF THE LIFE INSURANCE POLICIES IS THE EXECUTIVE RETIREMENT TRUST. NONE OF THE AMOUNTS RELATED TO THE EXECUTIVE RETIREMENT PLAN WHICH ARE REQUIRED TO BE REPORTED IN FORM 990, PART VII AND SCHEDULE J, PART II HAVE BEEN DISBURSED TO THE PARTICIPANTS, NOR ARE THE AMOUNTS AVAILABLE TO THE PARTICIPANTS UNTIL THEY RETIRE. SCHEDULE J COLUMN F DETAILS THE PORTION OF THE AMOUNTS REPORTED IN COLUMN C THAT WAS REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS' FORM 990S."},{"form_and_line_reference":"Part III","explanation":"FOR THE PURPOSES OF DETERMINING COMPENSATION, THE FOUNDATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE PRESIDENT. 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THE UNIVERSITY AND FOUNDATION HAVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY AND FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 AND 2011. 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ALTHOUGH THE PLAN ITSELF IS UNFUNDED, THE UNIVERSITY ALSO ESTABLISHED AN EXECUTIVE RETIREMENT TRUST IN 2003 TO ACCUMULATE FUNDS THROUGH LIFE INSURANCE POLICIES FOR ALL THREE PARTICIPANTS. THE ANNUAL CONTRIBUTION TO THE INSURANCE POLICIES IS DETERMINED BY ACTUARIAL COMPUTATION WHICH WILL ACCUMULATE TO A CASH VALUE APPROXIMATING THE PROJECTED RETIREMENT LIABILITY FOR EACH PARTICIPANT. THE BENEFICIARY OF THE LIFE INSURANCE POLICIES IS THE EXECUTIVE RETIREMENT TRUST. NONE OF THE AMOUNTS RELATED TO THE EXECUTIVE RETIREMENT PLAN WHICH ARE REQUIRED TO BE REPORTED IN FORM 990 PART VII AND FORM 990 SCHEDULE J PART II HAVE BEEN DISBURSED TO THE PARTICIPANTS, NOR ARE THE AMOUNTS AVAILABLE TO THE PARTICIPANTS UNTIL THEY RETIRE. SCHEDULE J COLUMN F DETAILS THE PORTION OF THE AMOUNTS REPORTED IN COLUMN C THAT WAS REPORTED IN PREVIOUS YEARS."},{"form_and_line_reference":"PART III","explanation":"FOR THE PURPOSES OF DETERMINING COMPENSATION, THE FOUNDATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE PRESIDENT. 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