| FORM 990, PART VI, SECTION A, LINE 1A |
WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO EXERCISE ALL THE FUNCTIONS OF THE BOARD OF TRUSTEES. THE COMMITTEE MAY NOT HIRE OR REMOVE THE PRESIDENT, CHANGE THE BY-LAWS OF THIS POLICY AND PROCEDURE MANUAL, MAKE CHANGES TO THE MISSION, APPROVE MAJOR CONSTRUCTION PROJECTS, INCUR DEBT FINANCING, SELL OR ACQUIRE MAJOR ASSETS OR ELECT BOARD MEMBERS. MINUTES OF THE EXECUIVE COMMITTEE SHALL BE PRESENTED TO THE FULL BOARD FOR THEIR APPROVAL AT THE NEXT BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 WAS PREPARED BY THE CONTROLLER AND THEIR STAFF WITH THE ASSISTANCE OF AN INDEPENDENT TAX PREPARATION FIRM. UNIVERSITY MANAGEMENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND ACCEPTS THE FORM 990 PRIOR TO E-FILING. THE ENTIRE BOARD OF TRUSTEES ARE PROVIDED ACCESS TO THE FILING COPY, GIVEN THE OPPORTUNITY TO ASK MANAGEMENT QUESTIONS AND REVIEW AND ACCEPT THE FORM 990 PRIOR TO ISSUANCE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ALL BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. STAFF IN THE PRESIDENT'S OFFICE REVIEW THE SIGNED FORMS FOR COMPLETENESS AND DISCLOSURE OF CONFLICTS. ANY MEMBER WHO HAS A CONFLICT RECUSES HIMSELF OR HERSELF FROM THE DISCUSSION AND VOTING TOPICS AT BOARD MEETINGS. ALL INTERESTED PERSONS, INCLUDING BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS ALSO COMPLETE AN ANNUAL QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS WHICH MIGHT EXIST. THE RESPONSES TO THIS QUESTIONARE ARE REVIEWED BY THE OFFICE OF BUSINESS AFFAIRS. THE EMPLOYEE HANDBOOK HAS A CONFLICT OF INTEREST STATEMENT THAT COVERS ALL EMPLOYEES OF THE UNIVERSITY. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A SUMMARY OF ANY CONFLICTS THAT EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING COMPENSATION FOR THE PRESIDENT. THE INDEPENDENT BOARD REVIEWED AND APPROVED THE LEVEL OF COMPENSATION FOR THE CURRENT PRESIDENT BASED ON VARIOUS FACTORS, INCLUDING REVIEW OF PRESIDENTIAL COMPENSATION PACKAGES AT COMPARABLE INSTITUTIONS AND REVIEW OF THE MARKET OF PRESIDENTS WITH SIMILAR LEVELS OF EXPERTISE AS THE PRESIDENT. THE PRESIDENTIAL ASSESSMENT COMMITTEE OF THE BOARD CONDUCTS ON-GOING ANALYSIS OF PRESIDENTIAL COMPENSATION AND MAKES ADJUSTMENTS BASED ON PERFORMANCE AND MARKET DATA. THE UNIVERSITY USES PEER DATA AND INTERNAL EQUITY CONSIDERATIONS TO SET COMPENSATION FOR ALL OTHER EMPLOYEES. THE PRESIDENT SETS COMPENSATION FOR VICE PRESIDENTS USING THE COMPENSATION STUDY, OTHER INDUSTRY COMPENSATION COMPILATIONS AND COMPARING SIMILARLY SITUATED INSTITUTIONS. THIS PROCESS IS COMPLETED ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT ON-SITE AND ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -737,317. |
| FORM 990, PART XII, LINE 2C |
THE ORGANIZATION HAS AN AUDIT AND COMPLIANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Attach to Form 990 or 990-EZ.