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Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) > Do not enter social security numbers on this form as it may be made public. | OMB No. 1545-0047 2019 Open to Public Department of the Treasury . . . . . . Internal Revenue Service > Go to www..irs.gov/Form990 for instructions and the latest information. Inspection A_ For the 2019 calendar year, or tax year beginning 10/01 , 2019, and ending 09/30 ,»20 20 B- Check if applicable: | C Name of organization THE UNIVERSITY OF THE VIRGIN ISLANDS D Employer identification number | Address change Doing business as 66-0432514 | Name change Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number LJ Initial return 2 John Brewers Bay 340-693-1000 C] Final return/terminated City or town, state or province, country, and ZIP or foreign postal code [_] Amended return Charlotte Amalie, VI, 00802-9990 G Gross receipts $ 95,210,578 [] Application pending | F Name and address of principal officer: David Hall H(a) Is this a group, return for subordinates? CL] Yes No 2 John Brewers Bay, Charlotte Amalie, VI 00802 | Tax-exempt status: 501(c)(3) [_] 501(c) ( ) 4 (insertno.) — [-] 4947(a\(1) or [] 527 J Website: >» www.uvi.edu H(b) Are all subordinates included? im Yes | No If “No,” attach a list. (see instructions) H(c) Group exemption number > K Form of organization: [Corporation | Trust | Association Other ® University | L Year of formation: 1968 | MState of legal domicile: VI Summary 1. Briefly describe the organization’s mission or most significant activities: A learner centered institution dedicated to the 8 success of its students and committed to enhancing the lives of the people.of. the US Virgin Islands and the wider Caribbean S through excellent teaching, innovative research, and responsive community. service. o 2 Check this box > [_] if the organization discontinued its operations ordispOsed of more than 25% of its net assets. 6 | 3 Number of voting members of the governing body (Part VI, line 1a) : 3 % 4 Number of independent voting members of the governing body (Part VI, line 1b) 4 1 | 5 Total number of individuals employed in calendar year 2019 (Part V, line 2a) 5 1,906 2 6 Total number of volunteers (estimate if necessary) » |: 6 25 <2 | 7a Total unrelated business revenue from Part VIII, column (C), line 12 7a ) b Net unrelated business taxable income from Form 990-T, line 39 7b 0 Prior Year Current Year » | 8 Contributions and grants (Part VIII, line 1h) . 70,490,676 72,739,278 2 9 Program service revenue (Part VIII, line 2g) 15,603,003 17,872,068 @|10 Investment income (Part VIII, column (A), lines 3, 4) and 7d) . 0 4,599,232 = 141° Other revenue (Part VIII, column (A), lines 5, 6d; 8¢, 9c, 10c, and 11e) . 11,779,745 0) 12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 97,873,424 95,210,578 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) . 0 ) 14 Benefits paid to or for members (PartdX, column (A), line 4) . 0 ) % 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 42,792,217 52,234,923 2 {16a Professional fundraising fees (Part IX, column (A), line 11) 0 0 8 b_ Total fundraising expenses (Part IX, column (D), line 25) > ) “147 Other expenses (Part IX, column (A), lines 11a-11d, 11f+-24e) . 37,100,011 33,523,859 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) 79,892,228 85,758,782 19 Revenue less expenses. Subtract line 18 from line 12 17,981,196 9,451,796 5 3 Beginning of Current Year End of Year $5 20 ~_—s‘ Total assets (Part X, line.16) 166,929,522 179,624,519 <5 > Total liabilities (Part X, line 26) . an 183,362,932 197,902,396 22|2 Net assets or fund balances. Subtract line 21 from line 20. -16,433,410 -18,277,877 Signature Block Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign » Signature of officer Date Here Stacey P Chados, Acting Controller Type or print name and title Paid Print/Type preparer’s name Preparer's signature Date Check | if PTIN self-employed Preparer Firm’sname > Firm’s EIN > Use Only Firm’s address > Phone no. May the IRS discuss this return with the preparer shown above? (see instructions) L] Yes L] No For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11282Y Form 990 (2019) Form 990 ( ae Page 2 Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line inthis Partll] . . . . . . . . . ee 1 Briefly describe the organization’s mission: A learner centered institution dedicated to the success of its students and committed to enhancing the lives of the people of the US Virgin Islands and the wider Caribbean through excellent teaching, innovative research, and responsive community service. 2 ‘Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . . . .. Coe ee ee ee ee ee ew we .)h6UYes LINO If “Yes,” describe these new services on Schedule . 3 Did the organization cease conducting, or make significant changes in how it conducts, .any program services? . . . Co ee ee ee ee ee ew LL .)6Yes LINo If “Yes,” describe these changes on Schedule O. 4 Describe the organization’s program service accomplishments for each of its three largest.program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: )(Expenses$ __ 6,245,474 including grants of $ 2,928,720 ) (Revenue $ 4,902,548 ) School of Science & Mathematics: The University offers courses of study in astronomy, biology, chemistry, computer science, marine biology and mathematics with major fields of specialization. The division_offers pre-engineering, emerging Caribbean scientist, and early medical school selection programs. 4b (Code: )(Expenses$___—_3,914,373 including grants of $ 477,640 ) (Revenue $ 3,072,690 ) School of Arts & Social Science: The University offers courses in Art, Communications, English, French, Spanish, Japanese, Journalism, Music Philosophy, Speech Communication and Theater as well as courses in Social Science , Social Work, Criminal Justice, Police Science and Psychology. 4c (Code: ) (Expenses $ 2,081,868 including grants of $ 259,577 ) (Revenue $ 1,634,217 ) The School of Business offers courses in accounting, business management, computer information systems, and hospitality tourism management. 4d Other program services (Describe on Schedule O.) (Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 ) 4e Total program service expenses > 12,241,715 Form 990 (2019) Form 990 (2019) lami'a Checklist of Required Schedules 10 11 12a 13 14a 15 16 17 18 19 20a 21 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? /f “Yes,” complete Schedule A . . Is the organization required to complete Schedule B, “Schedule of Contributors (see instructions)? . Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part! . ton. re Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section S01) election in effect during the tax year? If “Yes,” complete Schedule C, Part Il . Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership ‘dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? /f “Yes,” complete Schedule D, Part | Loko toe eee : —_® . Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part II Did the organization maintain collections of works of art, historical treasures, or other similar assets? /f “Yes,” complete Schedule D, Part Ill re, nC Did the organization report an amount in Part X, line 21, for escrow or custodial,account liability, serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt panacement, credit repair, or debt negotiation services? /f “Yes,” complete Schedule D, Part IV . . Did the organization, directly or through a related organization, hold assets in donor- restricted endowments or in quasi endowments? /f “Yes,” complete Schedule D, Part V . If the organization’s answer to any of the following questions is “Yes,” then complete Schedule D, Parts VI VII, VIII, IX, or X as applicable. Did the organization report an amount for land, Sune and eauipment in Part X, line 10? If “Yes,” complete Schedule D, Part VI . . : Did the organization report an amount for investments— CBs securities in Part X, line 12, that i is 5% or more of its total assets reported in Part X, line 16? /f “Yes,” complete Schedule D, Part Vil. toe Did the organization report an amount for investments=program related in Part X, line 13, that is 5% or more of its total assets reported in Part X, line 16? /f “Yes,” complete Schedule D, Part VIII . toe Did the organization report an amount for other assets in Part X, line 15, that is 5% or more of its total assets reported in Part X, line 16? /f “Yes,” complete Schedule D, Part IX Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,’ ’ complete Schedule D, Part xX Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? /f “Yes,” complete Schedule D, Part X Did the organization obtain separate, ‘italia audited financial statements for the tax ‘year? If “Yes,” complete Schedule D, Parts XI and XII Was the organization included in consolidated, independent audited financial statements for the. tax year? If “Yes,” and if the organization answered “No” to line 12a, then completing Schedule D, Parts XI and XII is optional Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E Did the organization maintain an office, employees, or agents outside of the United States? Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV. Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? /f “Yes,” complete Schedule F, Parts Il and IV . Loko. Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? /f “Yes,” complete Schedule F, Parts Ill and IV. woe Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? /f “Yes,” complete Schedule G, Part | (see instructions) Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? /f “Yes,” complete Schedule G, Part Il . . . . Did the organization report more than $15,000 of gross income from gaming activities on Part vil line 9a? If “Yes,” complete Schedule G, Part III Did the organization operate one or more hospital facilities? if “Yes,” complete Schedule H. . . If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return? Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? /f “Yes,” complete Schedule |, Parts! and Il. Yes | No ijv 2hv 3 v 4 Vv 5 v 6 v 7 v 8 v 9 v 10 | v iia} v 11b v lic| v 1id| v 1ie| v 11f v 12a Vv 12b v 13 | v 14a v 14b v 15 v 16 v 17 v 18 v 19 v 20a v 20b 21 v Form 990 (2019) Form 990 (2019) Page 4 laaia Checklist of Required Schedules (continued) Yes | No 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule |, PartslandIll . . . 0. 0. 0. 6 ee es 22 Vv 23 Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete ScheduleJ. . 2 1. 6 we 23 | v 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line25a . . . . 24a v b_ Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? . 24b ce Did the organization maintain an escrow account other than a refunding escrow at any time,during the year to defease any tax-exempt bonds? .. . . 24c d_ Did the organization act as an “on behalf of” issuer for bonds outstanding at any y time dual the year? ae 24d 25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage.in an excess benefit transaction with a disqualified person during the year? /f “Yes,” complete Schedule.L, Partl . . .. . 25a v b_ Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part]. . 2. 1. 6 we aa 25b Vv 26 _ Did the organization report any amount on Part X, line 5 or 22, for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? /f “Yes,” complete Schedule L, Partil . . . 26 Vv 27 Did the organization provide a grant or other assistance to any current orformer officer, director, trustee, key employee, creator or founder, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an omplges thereof) or familly member of any of these persons? If “Yes,” complete Schedule L, Partill . . . . . 27 v 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions, for applicable filing thresholds, conditions, and exceptions): a Accurrent or former officer, director, trustee, key employee, creator or founder, or substantial contributor? /f “Yes,” complete Schedule L, ParttlV . . . . Loko 28a Vv b A family member of any individual described in ling 08a? If “Yes,” ” complete Schedule L, Part IV toe 28b v c A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If “Yes,” complete Schedule L,PartIV . . ... 28c Vv 29 _ Did the organization receive more than $25,000 in non- -cash contributions? if “Yes,” complete Schedule M 29 30 = Did the organization receive contributions, of art, historical treasures, or other similar assets, or qualified conservation contributions? /f “Yes,” complete ScheduleM . . . . Lee ee 30 v 31. Did the organization liquidate, terminate, or dissolve and cease operations? if “Yes,” complete Schedule N, Part! | 31 v 32 Did the organization sell, exchange; dispose of, or transfer more than 25% of its net assets? /f “Yes,” complete Schedule N, Partll, .». 3... . . 32 Vv 33 Did the organization own 100% of an entity disregarded as 5 separate from the organization under Regulations sections 301.7701-2 and’ 301:7701-3? If “Yes,” complete Schedule R, Part!l. . . . 33 Vv 34 Was the organization related to any tax-exempt or taxable > entity? If “Yes,” complete Schedule R, Part Il, “ll or lV, and Part V, lin€1, a=». . . toe ee 34 | v 35a __Did the organization. have a controlled entity within then meaning of section 512(b\(4 3)? toe eee 35a| ¥ b_ If “Yes” to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line2. . 35b v 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V,line2 . . . . . . .~ . toe oe 36 v 37 ‘Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? /f “Yes,” complete Schedule R, Part VI 37 Vv 38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note: All Form 990 filers are required to complete Schedule O. 38 | ¥ Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response ornote to anylineinthisPatV ............. 0 Yes | No 1a Enter the number reported in Box 3 of Form 1096. Enter -0-if not applicable . .. . la 1906 b_ Enter the number of Forms W-2G included in line 1a. Enter -O- ifnot applicable. . . . 1b 0 ec Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? . . . . ww ee ee ee Ic | v Form 990 (2019) Form 990 (2019) Statements Regarding Other IRS Filings and Tax Compliance (continued) 2a b 3a b 4a b 5a 6a oo sa" 0 a 12a 13 14a 15 16 Yes | No Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return | 2a 1906 If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b | ¥ Note: If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions) Did the organization have unrelated business gross income of $1,000 or more during the year? . 3a v If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation on Schedule O 3b At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a v If “Yes,” enter the name of the foreign country > See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial A¢counts (FBAR). Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . 5a Vv Did any taxable party notify the organization that it was or is a party to a prohibited tax sheltertransaction? 5b Vv If “Yes” to line 5a or 5b, did the organization file Form 8886-T? . . 5c Does the organization have annual gross receipts that are normally greater than $1 00 000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? . . 6a 4 If “Yes,” did the organization include with every solicitation an express statement,that such contributions or gifts were not tax deductible? 6b Organizations that may receive deductible contributions under section 170(c). Did the organization receive a payment in excess of $75 made partly as aycontribution and partly for goods and services provided to the payor? . : toe oe ee 7a If “Yes,” did the organization notify the donor of the value of the googs or.services provided? . . 7b Did the organization sell, exchange, or otherwise dispose ¢ of Pav personal property for which it was required to file Form 8282? . . ) 7c If “Yes,” indicate the number of Forms 8282 filed during the year. ww we | 7d | Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? | 7e Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . 7f If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? | 7g If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? | 7h Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . 8 Sponsoring organizations maintaining donor advised funds. Did the sponsoring organization make any taxable distributions under section 4966? . 9a v Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? 9b v Section 501(c)(7) organizations. Enter: Initiation fees and capital contributions included on Part VIll, line 12 . . . . 10a Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities . 10b Section 501(c)(12) organizations. Enter: Gross income from members or shareholders. . . . . . . ila Gross income from other sources (Do not net amounts . due or paid to other sources against amounts due orreceived fromthem.) . . . . . 11b Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 i in lieu of Form 1041? 12a If “Yes,” enter the.amount of tax-exempt interest received or accrued during the year. . | 12b | Section 501(c)(29) qualified nonprofit health insurance issuers. Is the organization licensed to issue qualified health plans in more than one state? . 13a Note: See the instructions for additional information the organization must report on Schedule O. Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans toe ee ee 13b Enter the amount of reservesonhand .. . . 13c Did the organization receive any payments for indoor tanning s services during the tax year? . . 14a v If “Yes,” has it filed a Form 720 to report these payments? If “No,” provide an explanation on Schedule O . 14b Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? tone ee . 15 v If "Yes," see instructions and file Form 4720, Schedule N. Is the organization an educational institution subject to the section 4968 excise tax on net investment income? | 16 v If "Yes," complete Form 4720, Schedule O. Form 990 (2019) Form 990 ( aed Page 6 Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes on Schedule O. See instructions. Check if Schedule O contains a response or note to any line inthis PartVl . . . . . . . . . 2. Section A. Governing Body and Management Yes | No 1a Enter the number of voting members of the governing body at the end of the tax year. . 1a If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain on Schedule O. b_ Enter the number of voting members included on line 1a, above, who are independent. 1b 1 2 ‘Did any officer, director, trustee, or key employee have a family relationship or a business a with any other officer, director, trustee, or key employee? 2 v 3 Did the organization delegate control over management duties customarily performed by or o Tret the direct supervision of officers, directors, trustees, or key employees to a management company or other person? . 3 Vv 4 _ Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? | 4 v 5 _ Did the organization become aware during the year of a significant diversion of the.organization’s assets? . 5 v 6 Did the organization have members or stockholders? toe oe ee _ a. - woe. 6 iv 7a_ Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? . . . . . we ek eee ee 7Ja| Vv b Are any governance decisions of the organization reserved to (or aw to > abproval Py) members, stockholders, or persons other than the governing body? . . . . 7b Vv 8 Did the organization contemporaneously document the meetings held orwritten actions undertaken during the year by the following: a Thegoverningbody?... . Coe 8a | ¥ b Each committee with authority to act ¢ on behalf of the governing os woe 8b | ¥ 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who c cannot be reached at the organization’s mailing address? /f “Yes,” provide the names and addresses on ScheduleO . . . 9 Vv Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.) Yes | No 10a_ Did the organization have local chapters, branches, oraffiliates? . . . . Loe ee eee 10a v b_ If “Yes,” did the organization have written policies.and,procedures governing the activities of such chapters, affiliates, and branches to ensure their operations aré consistent with the organization’s exempt purposes? 10b 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? |11a| b_ Describe in Schedule O the process, if any, used by the organization to review this Form 990. 12a _ Did the organization have a written conflictof interest policy? If “No,” gotoline13 . . . . 12a| v b_ Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise sto ‘conflicts? 12b| v ce Did the organization regularly and consistently monitor and enforce compliance with the policy? /f “Yes,” describe in Schedule O how thiswas.done. . . Ck 12c| v 13 Did the organization have a written whistleblower policy? foe Coe ee ee 13 | v 14 Did the organization have a written document retention and destruction policy? - oko . 14 v 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a_ The organization’s GEO, Executive Director, or top management official . . . . . .... 2... 15a| ¥ b Other officers or key employees of the organization . . . Loe ee eee 15b| ¥ If “Yes” to line 15a or 15b, describe the process in Schedule O (see instructions). 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year?. . . 2. wk 16a Vv b_ If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? . . . 2 1. ee ee es 16b Section C. Disclosure 17 _List the states with which a copy of this Form 990 is required to be filed > vi 18 Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A, if applicable), 990, and 990-T (Section 501(c) (3)s only) available for public inspection. Indicate how you made these available. Check all that apply. L] Own website L] Another’s website Upon request [_] Other (explain on Schedule O) 19 Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. 20 State the name, address, and telephone number of the person who possesses the organization’s books and records > Shirley Lake-King, (340)693-1400 University of the Virgin Islands, 2 John Brewers Bay, Charlotte Amalie, VI 00802-9990 Form 990 (2019) Form 990 (2019) Page 7 <sAdie Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part Vill. . . . rs a Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year. e List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. e List all of the organization’s current key employees, if any. See instructions for definition of “key employee.” e List the organization’s five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of. more than $100,000 from the organization and any related organizations. e List all of the organization’s former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. e List all of the organization’s former directors or trustees that received, in the capacity.as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. See instructions for the order in which to list the persons above. L] Check this box if neither the organization nor any related organization compensated any Current officer, director, or trustee. (C) Position (A) ; (6) (do not check more than one (0) ) ; A Name and title Average box, unless person is both an Reportable Reportable Estimated amount hours officer and a director/trustee) compensation compensation of other per week eslslolxwaln from the from related compensation (list any o a a 2/2jJsaye organization organizations from the hours for | = = zIl8lo S 2 2 (W-2/1099-MISC) | (W-2/1099-MISC) organization and related 25/6 “ 2 3 ol. related organizations organizations| & =| B 2 g below ral g Ky 3 dotted line) Pla FA $ 2 a3 Dr Yvonne E L Thraen 5.00 Trustee v 0 0) 0 Rev Dr Wesley S Williams Jr 5.00 Trustee 0.00 v 0 0) 0 Attorney Henry C Smock 5.00 Chair 0.00 v 0 0 0 Mrs Oran C Roebuck 5.00 Vice Chair 0.00 v 0 0 0 John Quelch Trustee The Honorable Albert Bryan Jr 0.00 Honorary Chairman Governor of the VI 0.00 4 ) ) ) Raven Phillip 1.00 Student Trustee 0.00 v 0 ) 0 Nisha Clavier 1.00 Alumni Association Rep 0.00 v ) 0) 0 Dr Adam Parr 1.00 Faculty Representative 0.00 v 0 ) ) Racquel Berry-Benjamin 0.00 Ex officio Commission of Education 0.00 v 0 0 0 Dr David Hall 35.00 Ex officio President v 412,000 ) ) Shirley Lake King 35.00 Vice President of Admin and Finance v 174,200 0 0 Haldane Davies 35.00 VP Business Development and Innovation 10.00 4 134,525 0 0 Mitchell Neaves 35.00 VP of Institutional Advancement 5.00 v 125,391 0 0 Form 990 (2019) Form 990 (2019) Page 8 lem@"iim Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (C) Position (A) B D E F) (A) , (6) (do not check more than one (0) e) ; A Name and title Average | box, unless person is both an Reportable Reportable Estimated amount hours officer and a director/trustee) compensation compensation of other per week oslslolxlezin from the from related compensation (istany |Fala}Ss/@&|3a |g organization organizations from the hours for | = = z/l18 lo g a 2 (W-2/1099-MISC) | (W-2/1099-MISC) organization and related 25 o | 2 r so]. related organizations organizations| & + |B & g below 5 s 2 3 dotted line) @ |G 2 g 2 a Camille McKayle Stoltz 35.00 Provost 0.00 v 173,689 0 ) Sharleen Harris 35.00 VP Information Services 0.00 v 132,000 0 0 Timothy L Faley 35.00 Distinguished Professor of Entrepre 0.00 v 174,634 0 0 Paul L Flemming 35.00 Assistant Professor of Business Management 0.00 v 157,775 0 0 Glenn Metts 35.00 Professor of Management and Entrepreneurship 0.00 v 142,761 0 0 Frank L Mills 35.00 Vice Provost Research 0.00 v 193,172 0 0 Kendra Harris 35.00 Dean of the School of Business 0.00 v 151,000 0 0 Arah C Lockhart 0.00 Chair, VI Board of Education 0.00 v ) 0 0 Dr Lois Hassell Habtes 0.00 Trustee 0.00 v 0 0 0 Reginald Vigilant 2.00 Trustee 2.00 v 0 0 0 1b Subtotal reo, Ca > 1,971,147 0 0 c_ Total from continuation sheets to Part-VIl, Section A > d Total(addlines1bandi1c). . . . .. .... > 1,971,147 0 0 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization > 35 ~ Yes | No 3 Did the organization list any former officer, director, trustee, key employee, or highest compensated employee on line 1a? If “Yes,“complete Schedule J for such individual . . .. . . . . .... 3 Vv 4 For any individual listedhon line 1a, is the sum of reportable compensation and other compensation from the organization and relatedworganizations greater than $150,000? If “Yes,” complete Schedule J for such individual . 5 wpe 4\v 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J forsuch person... .. . 5 Vv Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year. (A) (B) (C) Name and business address Description of services Compensation Springboard LLC, 6346 Estate Smith Bay, St Thomas, VI 00802 Consultation/Design Services 566,544 DCM, 6501 Red Hook Plaza, St Thomas, VI 00802 Construction 1,755,522 Do Right Construction, PO Box 301826, St Thomas, VI 00803, Virgin Islands Construction 800,667 Eleven Construction LLC, 9010 Estate Cottage Suite 2, Christiansted, VI 00820, Virgir| Construction 454,673 All Star Services, 8168 Crown Bay Marina Suite 505, St Thomas, VI 00802, Virgin Islat} Painting Contractor 397,977 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization > 23 Form 990 (2019) Form 990 (2019) lsd = Statement of Revenue Check if Schedule O contains a response or note to any line in this Part VIII . (A) Total revenue (B) Related or exempt function revenue (C) Unrelated business revenue Cl (0) Revenue excluded from tax under sections 512-514 Contributions, Gifts, Grants and Other Similar Amounts »~o7OQ0 T7 Federated campaigns . la Membership dues ib Fundraising events . 1c Related organizations . id oR foe lou lo) Government grants (contributions) te 32,010,350 All other contributions, gifts, grants, and similar amounts not included above 1f 40,728,928 Noncash contributions included in lines 1a-1f . Total. Add lines lait. ig $ 0 > 72,739,278 Program Service Revenue 2a enm~oaoqo dt Tuition and Fees Business Code 923110 13,252,427 13}252,427 Auxiliary Enterprises 923110 1,798,169 1,798,169 Other 923110 2,462,969 2,462,969 All other program service revenue . Total. Add lines 2a-2f . 358,503 358,503 > 17,872,068 Other Revenue Investment income (including dividends, interest, and other similar amounts) . > Income from investment of tax-exempt bond proceeds > Royalties > 4,599,232 4,599,232 0 0 0 0 (i) Real (ii) Personal Gross rents 6a Less: rental expenses | 6b Rental income or (loss) | 6c 0 Net rental income or (loss) > Gross amount from (i) Securities (ii) Other sales of assets other than inventory | 7a Less: cost or other basis and sales expenses 7b Gain or (loss) . 7c Net gain or (loss) Gross income from fundraising events (not including $_%»3,298,703| of contributions .reported on line 1c). See Part IV, line.18 8a Less: direct.expenses . 8b Net income or (loss) from fundraising eve nts . . Pb Gross income from gaming activities. See Part IV, line 19 9a Less: direct expenses . 9b Net income or (loss) from gaming 4 activities .. - Gross sales of inventory, less returns and allowances 10a Less: cost of goods sold 10b Net income or (loss) from sales of inventory. . . » Miscellaneous Revenue 1ia oad Business Code All other revenue Total. Add lines 11a-1 td. 0 12 Total revenue. See instructions 95,210,578 22,471,300 0 Form 990 (2019) Form 990 (2019) Page 10 :4a,@8 Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A). Check if Schedule O contains a response or note to any line inthis PartIX . . . . . . . . . 2. Do not include amounts rep orted on lines 6b, 7b, Total Gvrenses Progra service Managerrent and Fundresing 8b, 9b, and 10b of Part VIII. expenses general expenses expenses 1. Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 2 Grants and other assistance to domestic individuals. See Part IV, line 22 . 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees .... . 1,971,147 1,971,147 (0) 0 aN 6 Compensation not included above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .. 38,967,928 38,967,928 0 () 7 Othersalaries andwages .. . 0 0 0 0 8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) 4,405,127 4,405,127 0 0 9 Otheremployee benefits. . . ... . 4,556,585 4,556,585 ) 0 10 Payrolltaxes. . . . toe oe ee 2,334,136 2,334,136 0 11. Fees for services (nonemployees): a Management. ......... 21,000 21,000 (0) ) b Legal... .... . ee ee 322,083 322,083 0 0 ce Accounting ........ . 4... 316,825 316,825 0 0 d Lobbying... . 0 0) 0 ) e Professional fundraising s¢ services. . See Part \V, line 17 0 0) f Investment managementfees .. . 176,701 176,701 0 0 g Other. (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O.) 10,235,489 10,235,489 0 12 Advertisingandpromotion ..... . 396,340 396,340 0 0 13 Officeexpenses . .......4, 178,490 178,490 14 Informationtechnology . . . . . a. 561,217 561,217 15 Royalties. 2. . 2... 2. 0 ) ) ) 16 Occupancy ...... 4.4... . 1,248,731 1,248,731 0) 0 17 Travel... . . . IF» .. 1,334,162 1,334,162 0 18 Payments of travel or entertalfiment expenses for any federal, state, or local public officials fe) 0 0 0 19 Conferences, conventions, and»meetings . 0 0 0 0 20 Interest... a ee 644,140 644,140 (0) ) 21 Payments to affiliates samy . 0 0 0 0 22 ~~ Depreciation, depletion) and amortization . 2,586,790 2,586,790 0 0 23 ‘Insurance. .¢. .. 2... 2,146,911 2,146,911 0 0 24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses on line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.) a _ Utilities 3,832,936 3,832,936 0 0 b Major & Minor Equipment 1,748,707 1,748,707 ) ) C Scholarships 7,773,337 7,773,337 0 0 d e All other expenses 25 __ Total functional expenses. Add lines 1 through 24e 85,758,782 85,758,782 0 0 26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here » [] if following SOP 98-2 (ASC 958-720) Form 990 (2019) Form 990 (2019) Balance Sheet Check if Schedule O contains a response or note to any line in this Part X oo CL (A) (B) Beginning of year End of year 1. Cash—non-interest-bearing tone 5,183,637] 1 7,366,459 2 Savings and temporary cash investments . 17,311,186| 2 18,348,349 3 Pledges and grants receivable, net o| 3 0) 4 Accounts receivable, net Se 5,999,814] 4 6,963,258 5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons o| 5 0 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) . o| 6 0 2 | 7 Notes and loans receivable, net 1,397,107| 7 1,392,434 a 8 Inventories for sale or use . 424,675| 8 352,435 < | 9 Prepaid expenses and deferred charges 1,028,487| 9 827,199 10a _ Land, buildings, and equipment: cost or other basis. Complete Part Viof ScheduleD . . . | 10a 106,548,861 b Less: accumulated depreciation . . . . . |10b 45,213,964 52,934,897 | 10c 61,334,897 11. Investments—publicly traded securities o| 11 ) 12 Investments—other securities. See Part IV, line 1 o| 12 0 13 Investments—program-related. See Part IV, line 11. 69,812,672} 13 65,362,897 14 = Intangible assets . o| 14 ) 15 Other assets. See Part IV, line 11 . 12,837,047| 15 17,676,591 16 Total assets. Add lines 1 through 15 (must equal line 33). 166,929,522| 16 179,624,519 17 Accounts payable and accrued expenses . 7,671,823 | 17 8,093,655 18 Grants payable . o| 18 ) 19 Deferred revenue . 4,144,199} 19 2,439,078 20 Tax-exempt bond liabilities . o| 20 ) 21 ~~‘ Escrow or custodial account liability. Complete part WV 7 Schedule D. o| 21 ) @ | 22 Loans and other payables to any current or former officer, director, = trustee, key employee, creator or founder, substantial contributor, or 35% 2 controlled entity or family member of any of these persons o| 22 0 | 23 Secured mortgages and notes payable.to unrelated third parties 0} 23 0 24 Unsecured notes and loans payable topunrelated third parties 82,191,258] 24 96,005,943 25 = Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D . 89,355,652 | 25 91,363,720 26 __— Total liabilities. Add lines 17 through 25 183,362,932] 26 197,902,396 8 Organizations that follow FASB ASC 958, check here ~ a 2 and complete lines 27, 28;,32, and 33. 3 27 ~=Net assets without.donor restrictions -16,433,410| 27 -18,278,324 3 28 Net assets with donor-restrictions . . 0| 28 ) s Organizations that do not follow FASB ASC 958, check here > O va and complete lines 29 through 33. ° 29 Capital stock ontrust principal, or current funds . . 29 9 30 ~=— Paid-in or capital surplus, or land, building, or equipment fund 30 2 31. ~=Retained earnings, endowment, accumulated income, or other funds . 31 | 32 ‘Total net assets or fund balances . . -16,433,410} 32 -18,278,324 2 | 33 Total liabilities and net assets/fund balances . 166,929,522| 33 179,624,072 Form 990 (2019) Form 990 (2019) 1.4m Reconciliation of Net Assets Check if Schedule O contains a response or note to any line in this Part XI OANOaAARWDND = — f=) eee Financial Statements and Reporting Total revenue (must equal Part VIII, column (A), line 12) . 95,210,578 Total expenses (must equal Part IX, column (A), line 25) 85,758,782 Revenue less expenses. Subtract line 2 from line 1 9,451,796 Net assets or fund balances at beginning of year (must equal Part x, line 32, column (A)) - -16,433,410 Net unrealized gains (losses) on investments 0 Donated services and use of facilities 0 Investment expenses . 0 Prior period adjustments . 0 O\OIN|O/O|/BR/@/hM/—]. Other changes in net assets or fund balances (explain on n Schedule 0). -11,296,710 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part x, line 32, column (B)) =— o -18,278,324 Check if Schedule O contains a response or note to any line in this Part XII. CO 2a 3a Accounting method used to prepare the Form 990: [_] Cash Accrual _—_[_] Other If the organization changed its method of accounting from a prior year or checked “Other,” explain in Schedule O. Were the organization’s financial statements compiled or reviewed by an independent accountant? . If “Yes,” check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: L]Separate basis []Consolidated basis [_] Both consolidated and'separate basis Were the organization’s financial statements audited by an independent accountant? . . If “Yes,” check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: Separate basis []Consolidated basis [_] Both consolidated and separate basis If “Yes” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process,or selection process during the tax year, explain on Schedule O. As a result of a federal award, was the organization poauired to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? . If “Yes,” did the organization undergo the.required audit or audits? i the organization did not undergo the required audit or audits, explain why on Schedule O and describe any steps taken to undergo such audits . Yes | No 2a 2b 2c 3a Vv 3b Vv Form 990 (2019) | OMB No. 1545-0047 SCHEDULE A Public Charity Status and Public Support (Form 990 or 990-EZ) Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust. 2, @ 1 9 Department of the Treasury > Attach to Form 990 or Form 990-EZ. Open to Public Internal Revenue Service > Go to www.irs.gov/Form990 for instructions and the latest information. Inspection Name of the organization Employer identification number THE UNIVERSITY OF THE VIRGIN ISLANDS 66-0432514 Reason for Public Charity Status (All organizations must complete this part.) See instructions. The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.) 41 [JAchurch, convention of churches, or association of churches described in section 170(b)(1)(A)(i). 2 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).) 3 [JA hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 (JAmedical research organization operated in conjunction with a hospital described in section’ 170(b)(1)(A)(iii). Enter the hospital’s name, city, and state: [] An organization operated for the benefit of a college or university owned or operated_by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.) 6 LIA federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). 7 [JAn organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.) L] A community trust described in section 170(b)(1)(A)(vi). (Complete Part IIL.) 9 LIAn agricultural research organization described in section 170(b)(1)(A)(ix),operated in conjunction with a land-grant college or university or a non-land-grant college of agriculture (see instructions)sEnter the name, city, and state of the college or university: 10 (J An organization that normally receives: (1) more than 33'/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions— subject to\certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.) 11. [JAn organization organized and operated exclusively to test for public safety. See section 509(a)(4). 12 [JAn organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described,in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g. oa foe) a [J Typel. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B. b LJ Type Il. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting, organization vested in the same persons that control or manage the supported organization(s). You must complete.Part IV, Sections A and C. c [] Type Ill functionally integrated. Asupporting organization operated in connection with, and functionally integrated with, its supported organization(s) (See instructions). You must complete Part IV, Sections A, D, and E. d- (J Type Ill non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V. e (J Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type Ill functionally integrated, or Type III non-functionally integrated supporting organization. f Enter the number of supported organizations . . . Co [| g_ Provide the following information about the supported organization(s )- (i) Name of supported organization (ii) EIN (iii) Type of organization | (iv) ls the organization | (v) Amount of monetary (vi) Amount of (described on lines 1-10 | listed in your governing support (see other support (see above (see instructions)) document? instructions) instructions) Yes No (A) (B) (C) (D) (E) Total For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Cat. No. 11285F Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 iclaaim Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part | or if the organization failed to qualify under Part Ill. If the organization fails to qualify under the tests listed below, please complete Part Ill.) Section A. Public Support Calendar year (or fiscal year beginning in) >» (a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total 1 6 Gifts, grants, contributions, and membership fees received. (Do not include any “unusual grants.”) . Tax revenues levied for the organization’s benefit and either paid to or expended on its behalf The value of services or facilities furnished by a governmental unit to the organization without charge . Total. Add lines 1 through 3 . The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) . Public support. Subtract line 5 from line 4 Section B. Total Support Calendar year (or fiscal year beginning in) > (a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total 7 Amounts from line 4 8 Gross income from interest, dividends, payments received on securities loans, rents, royalties, and income from similar sources . Loe oe 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) . . 11. Total support. Add lines 7 through 10 12 Gross receipts from related activities, etc. (See instructions) . . . . . 12 | 13 ‘First five years. If the Form 990 is for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and.stophere .. . rn a Section C. Computation of Public Support Percentage 14 Public support percentage for2019 (line 6, column (f) divided by line 11, column (f)) . . . . 14 % 15 Public support percentage from 2018 Schedule A, Partll,line14. . . . . 15 % 16a 331/3% support test— 2019. If the organization did not check the box on line 13, and line 14 i is 3313% or more, check this box and stop here. The.organization qualifies as a publicly supported organization . . . . a | b 331/3% support test— 2018. If the organization did not check a box on line 13 or 16a, and line 15 is 331/0% or more, check this box and stop here. The organization qualifies as a publicly supported organization . . . . . . .. . . . GY 17a 10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the “facts-and-circumstances” test, check this box and stop here. Explain in Part VI how the organization meets the “facts-and-circumstances” test. The organization qualifies as a publicly supported organization. 2 6 6 ee RG b 10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the “facts-and-circumstances” test, check this box and stop here. Explain in Part VI how the organization meets the “facts-and-circumstances” test. The organization qualifies as a publicly supported organization . . . . . rr ae 18 Private foundation. If the organization did not check a box on vline 4 13, 16a, 16b, 17a, or 17b, check this box and see instructions ©... ee RF Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 Page 3 laaiis Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 10 of Part | or if the organization failed to qualify under Part Il. If the organization fails to qualify under the tests listed below, please complete Part Il.) Section A. Public Support Calendar year (or fiscal year beginning in) >» (a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total 1 Gifts, grants, contributions, and membership fees received. (Do not include any “unusual grants.”) 2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization’s tax-exempt purpose . 3 Gross receipts from activities that are not an unrelated trade or business under section 513 4 Tax revenues levied for the organization’s benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge . 6‘ Total. Add lines 1 through 5. 7a Amounts included on lines 1, 2, and3 received from disqualified persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year c Add lines 7a and 7b 8 Public support. (Subtract line 7c from line 6.) . toe oe ee Section B. Total Support Calendar year (or fiscal year beginning in) > (a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total 9 Amounts from line 6 . 10a _ Gross income from interest, dividends, payments received on securities loans, rents, royalties, and income from similar sources . b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30,1975 . c Add lines 10a and 10b 11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly:carried on 12 Other income. Do not.include gain or loss from the sale of capital.assets (Explain in Part VI). . 13 Total support.(Add lines 9, 10c, 11, and 12.) 14 ‘First five years. If the Form ‘990 is 5 for the organization’s first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box andstophere . . . re Ae Section C. Computation of Public Support Percentage 15 Public support percentage for 2019 (line 8, column (f), divided by line 13, column (f)) . . . . . | 15 % 16 Public support percentage from 2018 Schedule A, Partill,line15 . . . . 2. 1... | 16 % Section D. Computation of Investment Income Percentage 17 ‘Investment income percentage for 2019 (line 10c, column (f), divided by line 13, column (f)). . . | 17 % 18 Investment income percentage from 2018 Schedule A, Part lll, line17. . . . 18 % 19a 331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 i is more than 331/3%, and line 17 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization . P [] b 331/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 3313%, and line 18 is not more than 331/3%, check this box and stop here. The organization qualifies as a publicly supported organization » [] 20 __ Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions > C] Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 Supporting Organizations (Complete only if you checked a box in line 12 on Part I. If you checked 12a of Part |, complete Sections A and B. If you checked 12b of Part |, complete Sections A and C. If you checked 12c of Part |, complete Sections A, D, and E. If you checked 12d of Part |, complete Sections A and D, and complete Part V.) Section A. All Supporting Organizations 1 3a 4a 5a 9a 10a Are all of the organization’s supported organizations listed by name in the organization’s governing documents? /f “No,” describe in Part VI how the supported organizations are designated. If designated by class or purpose, describe the designation. If historic and continuing relationship, explain. Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If “Yes,” explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2). Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? /f “Yes,” answer (b) and (c) below. Did the organization confirm that each supported organization qualified under section 501 (c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If “Yes,” describe in Part Vi when and how the organization made the determination. Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If “Yes,” explain in Part VI what controls the organization put in place to ensure such use. Was any supported organization not organized in the United States (“foreign supported organization”)? /f “Yes,” and if you checked 12a or 12b in Part I, answer (b) and (c) below. Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations. Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes. Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization’s organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document). Type | or Type Il only. Was any added _ on substituted supported organization part of a class already designated in the organization’s organizing. document? Substitutions only. Was the substitution,the result of an event beyond the organization’s control? Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? /f “Yes,” provide detail in Part VI. Did the organization provide aygrant, loan, compensation, or other similar payment to a substantial contributor (as defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial. contributor? /f “Yes,” complete Part | of Schedule L (Form 990 or 990-EZ). Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part | of Schedule L (Form 990 or 990-EZ). Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI. Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI. Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? /f “Yes,” provide detail in Part VI. Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type Ill non-functionally integrated supporting organizations)? /f “Yes,” answer 10b below. Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings.) Yes No 3a 3b 3c 4a 4b 4c 5a 5b 5c 9a 9b 9c 10a 10b Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 z-laai'a Supporting Organizations (continued) 11 a b c Has the organization accepted a gift or contribution from any of the following persons? A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization? A family member of a person described in (a) above? A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI. Yes No 11a 11b lic Section B. Type | Supporting Organizations Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year. Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If\“Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised, or controlled the supporting organization. Yes No Section C. Type Il Supporting Organizations Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? /f.“No,” describe in Part VI how control or management of the supporting organization was vested in the same.persons that controlled or managed the supported organization(s). Yes No Section D. All Type III Supporting Organizations Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided? Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If “No,” explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s). By reason of the relationship described im (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If “Yes,” describe in Part VI the role the organization’s supported organizations played in this regard. Yes No 3 Section E. Type Ill Functionally Integrated Supporting Organizations 1 a b c 2 a Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions). _] The organization satisfied'the Activities Test. Complete line 2 below. _] The organization is:the parent of each of its supported organizations. Complete line 3 below. _] The organization Supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions). Activities Test. Answer (a) and (b) below. Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? /f “Yes,” then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities. Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? /f “Yes,” explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement. Parent of Supported Organizations. Answer (a) and (b) below. Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI. Did the organization exercise a substantial degree of direction over the policies, programs, and activities of each of its supported organizations? If “Yes,” describe in Part VI the role played by the organization in this regard. Yes No 2a 2b 3a 3b Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 Type Ill Non-Functionally Integrated 509(a)(3) Supporting Organizations 1 [1 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type Ill non-functionally integrated supporting organizations must complete Sections A through E. Section A— Adjusted Net Income (A) Prior Year (B) Current Year (optional) 1 Net short-term capital gain 2 Recoveries of prior-year distributions 3 Other gross income (see instructions) 4 Add lines 1 through 3. 5 Depreciation and depletion a;R/@/ND]— 6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 7 Other expenses (see instructions) ~“N 8 Adjusted Net Income (subtract lines 5, 6, and 7 from line 4) Section B—Minimum Asset Amount (A) Prior Year (B) Current Year (optional) 1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): a Average monthly value of securities ta b Average monthly cash balances 1b c Fair market value of other non-exempt-use assets 1c d Total (add lines 1a, 1b, and 1c) id e Discount claimed for blockage or other factors (explain in detail in Part VI): 2 Acquisition indebtedness applicable to non-exempt-use assets Le) 3 Subtract line 2 from line 1d. o 4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 6 Multiply line 5 by .035. 7 Recoveries of prior-year distributions 8 Minimum Asset Amount (add line 7 to line 6) COIN |O/o) Section C—Distributable Amount Current Year 1 Adjusted net income for prior year (from Section A, line 8, Column A) 2 Enter 85% of line 1. 3 Minimum asset amount for prior year (from Section B, line 8, Column A) 4 Enter greater of line 2 or line 3. 5 Income tax imposed in prior year a} R}@/ND)— 6 Distributable Amount. Subtractiline 5 from line 4, unless subject to emergency temporary reduction (see instructions). 6 7 LJCheck here if the current:year is the organization’s first as a non-functionally integrated Type III supporting organization (see instructions). Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 Type Ill Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued) Section D—Distributions Current Year 1 Amounts paid to supported organizations to accomplish exempt purposes N Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity Administrative expenses paid to accomplish exempt purposes of supported organizations Amounts paid to acquire exempt-use assets Qualified set-aside amounts (prior IRS approval required) Other distributions (describe in Part VI). See instructions. Total annual distributions. Add lines 1 through 6. CO IN| /o1/ |) Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions. © Distributable amount for 2019 from Section C, line 6 Line 8 amount divided by line 9 amount Section E—Distribution Allocations (see instructions) (i) Excess Distributions (ii) Underdistributions Pre-2019 (iii) Distributable Amount for 2019 Distributable amount for 2019 from Section C, line 6 Underdistributions, if any, for years prior to 2019 (reasonable cause required—explain in Part VI). See instructions. eo Excess distributions carryover, if any, to 2019 From 2014 From 2015 From 2016 From 2017 From 2018 Total of lines 3a through e Applied to underdistributions of prior years Applied to 2019 distributable amount Carryover from 2014 not applied (see instructions) —T—1 SIO |*/0 |A1O |o|H Remainder. Subtract lines 3g, 3h, and 3i from 3f. aN Distributions for 2019 from Section D, line 7: $ Applied to underdistributions of prior years low Applied to 2019 distributable amount Remainder. Subtract lines 4a and 4b)from 4. Remaining underdistributions fonyears prior to 2019, if any. Subtract lines 3g and 4a from line 2. For result greater than zero, explain in Part VI. See instructions. Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. For result greater than zero, explain in Part VI. See instructions. Excess distributions carryover to 2020. Add lines 3} and 4c. Breakdown of line 7: Excess from 2015 . Excess from 2016 . Excess from 2017 Excess from 2018 . 09/2/90 |o |} Excess from 2019 . Schedule A (Form 990 or 990-EZ) 2019 Schedule A (Form 990 or 990-EZ) 2019 Page 8 Supplemental Information. Provide the explanations required by Part Il, line 10; Part Il, line 17a or 17b; Part Ill, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a, and 3b; Part V, line 1; Part V, Section B, line 1e; Part V, Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions.) Schedule A (Form 990 or 990-EZ) 2019 Soe ooh D Supplemental Financial Statements | ome No. 1545-0047 ( orm ) > Complete if the organization answered “Yes” on Form 990, 2) @) 1 9 Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Department of the Treasury > Attach to Form 990. Open to Public Internal Revenue Service > Go to www.irs.gov/Form990 for instructions and the latest information. Inspection Name of the organization Employer identification number THE UNIVERSITY OF THE VIRGIN ISLANDS 66-0432514 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered “Yes” on Form 990, Part IV, line 6. a hOnND — (a) Donor advised funds (b) Funds and other accounts Total number at end of year . . Aggregate value of contributions to (during year) . Aggregate value of grants from (during year) Aggregate value at end of year . to. Did the organization inform all donors and donor advisors in writing that the assets held. in)donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? . . . . . . L] Yes L] No Did the organization inform all grantees, donors, and donor advisors in writing that.grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or.for any other purpose conferring impermissible private benefit? . . . . 2. 1. 1 we ee en L] Yes L] No Part Il Conservation Easements. Complete if the organization answered “Yes” on Form 990, Part IV, line 7. 1 ao oo aN Purpose(s) of conservation easements held by the organization (check all:that‘apply). L] Preservation of land for public use (for example, recreation or education) (£_),Preservation of a historically important land area _] Protection of natural habitat [IM Preservation of a certified historic structure L] Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year. Held at the End of the Tax Year Total number of conservationeasements . . . . 2. 1. ee ee eee 2a Total acreage restricted by conservation easements. ./ . 4 toe ee 2b Number of conservation easements on a certified historic Meticture included i in(a). . . 2c Number of conservation easements included in/(c) acquired after 7/25/06, and not on a historic structure listed inthe National Register... . . . wee 2d Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year > Number of states where property subject to conservation easementislocatedm Does the organization have a writtenpolicy regarding the periodic monitoring, Inspection, handling of violations, and enforcement of the conservation easements itholds? . . . . ... .. CDC) Yes [1] No Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year a) Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? . www . re LJ Yes L] No In Part XIII, describe how:the organization reports conservation easements in its revenue and expense statement and balance sheet, and.include, if applicable, the text of the footnote to the organization’s financial statements that describes the organization’s accounting for conservation easements. Part Ill Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered “Yes” on Form 990, Part IV, line 8. la 2 a b If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide in Part XIll the text of the footnote to its financial statements that describes these items. If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items: (i) Revenue included on Form 990, Part VIIl, line? . 2. . 2. 2... ee eee ee ee Bm FS (ii) Assets included in Form 990, PartX . . . . . an) If the organization received or held works of art, historical 1 treasures, or other similar assets for financial gain, provide the following amounts required to be reported under FASB ASC 958 relating to these items: Revenue included on Form 990, Part VIll, line? . 2... 2... ee ee ee ee ee Bm FS Assets included in Form 990, PartX . . . . 2... ew ee ee Rm SF For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 52283D Schedule D (Form 990) 2019 Schedule D (Form 990) 2019 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Using the organization’s acquisition, accession, and other records, check any of the following that make significant use of its collection items (check all that apply): a (] Public exhibition L Scholarly research c L] Preservation for future generations 4 Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in Part XIll. 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as part of the organization’s collection? Escrow and Custodial Arrangements. Complete if the organization answered “Yes” on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. ja Is the organization an agent, trustee, custodian or other intermediary for contributions.or other assets not d [J Loan or exchange program e [J] Other low CL] Yes [] No included on Form 990, Part X? . . L] Yes [] No b_ If “Yes,” explain the arrangement in Part XIII and complete the following table: Amount c Beginningbalance. . . . 2. ww ee ee 1c d Additions duringthe year... ww ee 1d e Distributions duringthe year... ww ee le f Endingbalance. .. 1f 2a_Did the organization include ¢ an amount on Form 990, Part x, line a1, fof escrow or custodial account liability? L] Yes L] No b_ If “Yes,” explain the arrangement in Part XIll. Check here if the explanation has been provided on Part XIll. . . . L] Endowment Funds. Complete if the organization answered “Yes” on Form 990, Part IV, line 10. (a) Current year (b) Prior year (c) Two years back | (d) Three years back | (e) Four years back 1a Beginning of year balance 27,633,433 28,365,835 27,167,506 27,043,317 25,503,609 b Contributions - oa 14,488,762 0 0 0) 0 c Net investment earnings, gains, and losses . . 1,328,825 -732,402 3,579,332 124,089 1,539,708 d_ Grants or scholarships 698,388 0 2,381,003 ) 0 e Other expenditures for facilities and programs . Loe oe 3,000,000 0 ) 0) ) f Administrative expenses... . 0 0 0 0) 0 g_ End of year balance 39,752,632 27,633,433 28,365,835 27,167,406 27,043,317 2 ‘Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as: a_ Board designated or quasi-endowment Ps 40 % b Permanentendowment P ~< »0% c TermendowmentP <«¢ , 60 % The percentages on lines 2a, 2b, and 2c should equal 100%. 3a_ Are there endowment funds notin the possession of the organization that are held and administered for the organization by: Yes| No (i) Unrelated organizations, . 3a(i) (4 (ii) Related organizations . re Sa(ii)) b_ If “Yes” on line Sa(ii), are the related organizations listed as ‘required on Schedule R? re 3b | v 4 Describe in Part XIllthe intended uses of the organization’s endowment funds. Part VI Land, Buildings, and Equipment. Complete if the organization answered “Yes” on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis | (b) Cost or other basis (c) Accumulated (d) Book value (investment) (other) depreciation 1a Land 7,372,112 0 7,372,112 b Buildings . . . 84,851,879 0 35,998,293 48,853,586 c Leasehold improvements 0 0 0 0 d Equipment 14,324,870 0 9,215,671 5,109,199 e Other 0 0 0 0 Total. Add lines 1a through Te. (Column @) must equal Form 990, Part X, column (B), line 10c.) . > 61,334,897 Schedule D (Form 990) 2019 Schedule D (Form 990) 2019 laauia iInvestments— Other Securities. Complete if the organization answered “Yes” on Form 990, Part | V, line 11b. See Form 990, Part X, line 12. (a) Description of security or category (including name of security) (b) Book value (c) Method of valuation: Cost or end-of-year market value (1) Financial derivatives . (2) Closely held equity interests . (3) Other Total. (Column (6) must equal Form 990, Part X, col. (B) line 12.) > lads investments—Program Related. Complete if the organization answered “Yes” on Form 990, Partd V, line-11c. See Form 990, Part X, line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end-of-year market value (1) FUVI Endowment 65,362,450 | End-of-Year Market Value (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line,13:) > 65,362,450 Other Assets. Complete if the organization answered “Yes” on Form 990, Part | V, line 11d. See Form 990, Part X, line 15. (a) Description (b) Book value (1) Deferred Loss from Debt Refinancing 4,562,597 (2) Unrealized Pension Contributions & Losses 13,113,994 (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line 15.) ad 17,676,591 Other Liabilities. Complete if the organization answered “Yes” on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1. (a) Description of liability (b) Book value (1) Federal income taxes 0 (2) Accrued Vacation 5,527,416 (3) Net Pension Liability 74,920,851 (4) Other Post Employment Benefit Liability 10,589,360 (5) Other Long Term Liabilities 326,093 (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line 25.) . > 91,363,720 2. Liability for uncertain tax positions. In Part XIll, provide the text of the footnote to the organization’ s financial statements that reports the organization’s liability for uncertain tax positions under FASB ASC 740. Check here if the text of the footnote has been provided in Part XII. [1 Schedule D (Form 990) 2019 Schedule D (Form 990) 2019 Page 4 izcla@im Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered “Yes” on Form 990, Part IV, line 12a. 1. Total revenue, gains, and other support per audited financialstatements . . . ..... . 1 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12: a Net unrealized gains (losses) on investments . . . . . . . . +. | 2a b Donated services and use of facilities . . . ... . . . +. . | 2b c Recoveries of prioryeargrants. . . . . .. .. . . . . . | 2¢ d Other (Describe in Part XIll.). . . . 2. 2. 2. 2. 2. eee | 2d e Addlines2athrough2d . . . 2. 1 1 ew ee ee ee ee | DO ) 3 Subtractline2efromline1 . . . . Coe 3 0) 4 Amounts included on Form 990, Part Vill line 12, but not on n line 1: a_ Investment expenses not included on Form 990, Part VIll, line 7b . . 4a b Other (Describe in Part XIll.). 2. 2. 2. 2. 2 we ee ee eee | 4D 5 Addlines4aand4b . . . - oe eee OY AO 0 Total revenue. Add lines 3 and 4c. fa his must equal Form 990, Part | line 12. ) ee 5 0 Part ¥418 Reconciliation of Expenses per Audited Financial Statements With Expenses | per Return. Complete if the organization answered “Yes” on Form 990, Part IV, line 12a. 1. Total expenses and losses per audited financialstatements . . . . . ..™m ou. 1 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a Donated services and use of facilities . . . ....... . | 2a b Prioryearadjustments . . . . . . 1. ee ee ee ee 2D c Otherlosses. . . woe ee ee ee ew we ee me 2C d_ Other (Describe in Part XIll | GX | e Addlines2athrough2d . . . . . . . . ee ee ee ee ee | RO 0 3 Subtractline2efromline1 . . . . en 3 (0) 4 Amounts included on Form 990, Part IX, line 25, but not on fr” 1: a_ Investment expenses not included on Form 990, Part VIII, line 7b. 4a b Other (Describe in Part XIll.). 2. 2. 2. 1. 1. ww ee ae. | 4D c Addlines4aand4b .. . oe ee ee | AO 0 5 Total expenses. Add lines 3 and 4c. (This must eaeey i "990, Part | line 18. ). toe ee 5 0 Supplemental Information. Provide the descriptions required for Part Il, lines 3, 5, and 9; Part Ill, lines 1a and 4; Part IV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XIl, lines 2d and.4b. Also complete this part to provide any additional information. Schedule D, Part V, Line 4 - The Quasi Endowment funds, scholarships and assists the University in times of financial necessity and the Temporary Restricted Endowment is to fund a School of Medicine. Schedule D (Form 990) 2019 OMB No. 1545-0047 SCHEDULE E Schools | (Form 990 or 990-EZ) > Complete if the organization answered “Yes” on Form 990, QO) 4 9 Part IV, line 13, or Form 990-EZ, Part VI, line 48. Department of the Treasury > Attach to Form 990 or Form 990-EZ. Open to Public Internal Revenue Service > Go to www.irs.gov/Form990 for the latest information. Inspection Name of the organization Employer identification number THE UNIVERSITY OF THE VIRGIN ISLANDS 66-0432514 YES| NO 1 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, other governing instrument, or in a resolution of its governing body? . . . ... ...~. 1 Vv 2 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships? . . 2. 2...) ee ee ee 2 Vv 3 Has the organization publicized its racially nondiscriminatory policy through newspaper.or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves? If “Yes,” please describe. If “No,” please explain. If you need more space, use PartIl . . . 2... Qe... ee 3 Vv The University is in full compliance with its non discrimination policy. 4 Does the organization maintain the following? a_ Records indicating the racial composition of the student body, faculty;and administrative staff? . . . . 4a| v b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis?. . . 2. 1. ww ew eee 4b| v c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships? .¢. 7.0. 0.) ee ee 4c | v d_ Copies of all material used by the organization or on,its behalf to solicit contributions? . . . ... . 4d |v If you answered “No” to any of the above, please explain. If you need more space, use Part II. 5 Does the organization discriminate by race.in any way with respect to: a Students’ rights or privileges? . . . gm. - ye ee 5a v b Admissions policies? . 2. 2. 2.4. . ee ee ee ee | BB v c Employment of faculty or administrative staff?. 2. 2. 2. 2... eee 5c v d Scholarships or other financiahassistance?.. . . 1. 1. ww ee 5d v e Educational policies? » a=. . 1. ww ee ee ee ke ee ee) «| CB v f Useoffaciliies? 2.9. 2. 2... 5f v g Athleticprograms?. . 2. 2. 1. we ke ee ee | CB v h Other extracurricular activities? 2. 2. 2. 2... ee 5h v If you answered “Yes” to any of the above, please explain. If you need more space, use Part Il. 6a_ Does the organization receive any financial aid or assistance from a governmental agency?. . . . . . 6a | v b_ Has the organization’s right to such aid ever been revoked or suspended? . . ...... =... 6b v If you answered “Yes” on either line 6a or line 6b, explain on Part Il. 7 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If “No,” explain on Part ll. . 7 Vv For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ. Cat. No. 50085D Schedule E (Form 990 or 990-EZ) 2019 Schedule E (Form 990 or 990-EZ) 2019 Page 2 i<caaim@ Supplemental Information. Provide the explanations required by Part |, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide any other additional information. See instructions. Schedule E, Part I, Line 6 - The University receives Federal financial aid for its students, as necessary, through the U. S. Department of Education. Schedule E (Form 990 or 990-EZ) 2019 SCHEDULE J Compensation Information | OMB No. 1545-0047 (Form 990) For certain Officers, Directors, Trustees, Key Employees, and Highest 10) 4 9 Compensated Employees > Complete if the organization answered “Yes” on Form 990, Part IV, line 23. Department of the Treasury > Attach to Form 990. Open to Public Internal Revenue Service > Go to www.irs.gov/Form990 for instructions and the latest information. Inspection Name of the organization Employer identification number THE UNIVERSITY OF THE VIRGIN ISLANDS 66-0432514 Questions Regarding Compensation Yes | No 1a Check the appropriate box(es) if the organization provided any of the following to or for a person listed on Form 990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items. _] First-class or charter travel Housing allowance or residence for personal use Travel for companions _] Payments for business use of personal‘fesidence _] Tax indemnification and gross-up payments _] Health or social club dues or initiation fees _] Discretionary spending account _] Personal services (such as maid, chauffeur, chef) b= If any of the boxes on line 1a are checked, did the organization follow a written.policy regarding payment or reimbursement or provision of all of the expenses described above? If “No,”, complete Part Ill to explain. 2... ee ee I ib|Y 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors, trustees, and officers, including the CEO/Executive Director, regarding the items checked on line 1a? . ww ee ee ew ww. fe FM a\v 3 Indicate which, if any, of the following the organization used to establish the compensation of the organization’s CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part Ill. [] Compensation committee Written employment contract _] Independent compensation consultant Compensation survey or study _] Form 990 of other organizations Approval by the board or compensation committee 4 During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization: a_ Receive a severance payment or change-of-control payment? . . . Soe ee ee 4a Vv b Participate in, or receive payment from, a supplemental nonqualified retirement plan? woe ee 4b Vv c Participate in, or receive payment from, anmequity-based compensation arrangement? . . . . 4c Vv If “Yes” to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part i. Only section 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9. 5 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of: a Theorganization? . . 9. Joe... ee ee ee ee ee ee CB Vv b Any related organization? . . . Ce 5b Vv If “Yes” on line 5a or 5b, describe in Part Ml. 6 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the net earnings of: a Theorganization? . . 2. 2. 1. 1. we ee ee ee ee ee ee | Vv b Anyrelated organization? .. . Ce 6b Vv If “Yes” on line 6a or 6b, describe in Part Il. 7 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed payments not described on lines 5 and 6? If “Yes,” describe in PartIll. 2... . 2... 2. 7 Vv 8 Were any amounts reported on Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If “Yes,” describe inPartil ©. 2 2... 8 Vv 9 If “Yes” on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? ww we 9 For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. 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FeUOIpPpe Aue JO} wed siyj} 8}Ja|dwod os|y ‘|| Wed JO} pue ‘g pue ‘7 ‘gg ‘eg ‘gg ‘eG ‘OP ‘qr ‘er ‘E ‘G| ‘2, Soul ‘| Weg JO} posINbes SuONduUosep JO ‘UOIyeURIAxS ‘UOI}EWOJU! 9U} SPIADId uoHeUUOjU] jeyueUe;ddng — TT EIERT © o6ed 6L0z (066 W103) fF aINPEYyOS SCHEDULE O Supplemental Information to Form 990 or 990-EZ OMB No. 1545-0047 (Form 990 or 990-EZ) Complete to provide information for responses to specific questions on ?) 0 4 9 Form 990 or 990-EZ or to provide any additional information. Department of the Treasury > Attach to Form 990 or 990-EZ. Open to Public Internal Revenue Service > Go to www.irs.gov/Form990 for the latest information. Inspection Name of the organization Employer identification number THE UNIVERSITY OF THE VIRGIN ISLANDS 66-0432514 Form 990, Part Ill, Line 2 - The University managed and conducted the Census on behalf of the Government of the Virgin Islands, increasing grant revenues by more than $20 million. Form 990, Part Ill, Line 3 - The University switched from on campus learning to on line learning during the Spring 2020 semester due to COVID 19. Form 990, Part VI, Section A, Line 6 - The University is governed by a Board of Trustees who exercises general management and control of the affairs of the University. Form 990, Part VI, Section A, Line 7a - Two members of the Board of Trustees are elected by the members of the Board. Form 990, Part VI, Section B, Line 11b - A copy of the Form 990 is provided to the members ofthe Finance and Budget Committee of the Board for review and approval on behalf of the Board. Form 990, Part VI, Section B, Line 12c - Annual Conflict of Interest Certification and annual approval of outside activities Form 990, Part VI, Section B, Line 15 - President's salary determined by Board of Trustees; key management positions based on comparability study performed by Human Resources. Form 990, Part VI, Section C, Line 19 - The University's governing documents, Conflict of Interest Policy, and audited financial statements are available on the University's website. Form 990, Part IX, Line 11g - This category includes expenses:for on campus food services and construction (rebuilding) as a result of the 2017 hurricanes. Form 990, Part XI, Line 9 - Other Losses For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Cat. No. 51056K Schedule O (Form 990 or 990-EZ) (2019) Schedule O, Statement 1 THE UNIVERSITY OF THE VIRGIN ISLANDS Form: Form 990 (2019) EIN: 66-0432514 Page: 1 Header Section Reasonable Cause Explanations Explanation Form 8868, Application for Automatic Extension, mailed to the IRS on or about February 5, 2021. 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JUBUILUOPald (P) (Ajunoo UB 19404 10 eye}sS) ajlolwop je6e7 (2) Ayanjoe Are (4) Ayque JO NI pue ‘sseuppe ‘ewe (e) “sdiysiouyed JUSLWISSAU! UIEY99 JO} UOISN}OXS HulpseBes SuolONJJSU! 898g "UOITeEZIUeHIO PsyejaJ e JOU SeM yey} (aNUsASI SsOJB JO sjesse [e}0} Aq painseew) sai}IAijoe S} JO JUBOJEd SAY UY} BJOLU PSJONHUOD UO!ezIUeHJO 8y} YOIyUM YBnosUy} diyssiauyed e se pexe} AjI}US YORS JO} UOIELUOJU! HUIMO][O} BU} BPIAOId "JE OUI] ‘Al Med ‘OGG WO UO ,,S8A,, PEsOMSUL UOITEZIUBBIO SU} JI aJe|dWWOD “diysusupeg e Se ajqexe] SUOIeZIUeHIC peyejoiun A Hed v ebed 6L0z (066 WHO) Y ainpeyog Schedule R (Form 990) 2019 Page 5 Part VII Supplemental Information a Provide additional information for responses to questions on Schedule R. See instructions. Schedule R (Form 990) 2019 Schedule R, Part VII, Statement 1 THE UNIVERSITY OF THE VIRGIN ISLANDS Form: Schedule R (2019) EIN: 66-0432514 Page: 3 Part V, Line 2 Description of Covered Relationships and Transaction Thresholds Amt. involved Name Foundation for the University 1,639,134 Transaction type c Method of determining amt. involved |The Government of the Virgin Islands reduced its allotment to the University; the Foundation provided a subvention to offset the lost revenue from the Government. Page: 1