| FORM 990, PART I, LINE 1 |
NONSECTARIAN, CO-EDUCATIONAL ACADEMIC INSTITUTION. |
| FORM 990, PART V, LINE 2A: |
NUMBER OF EMPLOYEES REPORTED ON FORM W-3 THIS AMOUNT DOES NOT INCLUDE 945 INDIVIDUALS EMPLOYED IN GREECE, WHO DID NOT RECEIVE U.S. W-2'S. |
| FORM 990, PART VI, SECTION A, LINE 4 |
THE BYLAWS WERE AMENDED IN MAY OF 2023; SIGNIFICANT CHANGES INCLUDE: 1. THE BOARD OF TRUSTEES SHALL BE COMPRISED OF THE MEMBERS OF THE BOARD OF TRUSTEES OF THE AMERICAN UNIVERSITY OF GREECE, INC. 2. THE TERM OF ANY OFFICER ELECTED CHANGED FROM THREE YEARS TO ONE YEAR. |
| FORM 990, PART VI, SECTION A, LINE 7A |
POWER TO ELECT OR APPOINT MEMBERS: THE BOARD OF DIRECTORS OF THE COLLEGE ARE APPOINTED BY THE AMERICAN UNIVERSITY OF GREECE, INC. AS OF 5/12/23. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY THE COLLEGE'S INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. INITIAL REVIEW OF THE COMPLETED FORM IS PERFORMED BY THE CFO AND AUDIT COMMITTEE. AFTER COMPLETE REVIEW BY THE AUDIT COMMITTEE AND PRIOR TO FILING THE FORM, A COPY OF THE FORM AS IT IS ULTIMATELY FILED IS PROVIDED TO ALL BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CONFLICT OF INTEREST POLICY PERSONS COVERED UNDER THE POLICY: POLICY APPLIES TO THE BOARD OF TRUSTEES, THE PRESIDENT, CFO, THE CHIEF ACADEMIC OFFICER, AND ALL MEMBERS OF THE PRESIDENT'S CABINET, INCLUDING THE EMPLOYEES LISTED ON THE FORM 990. PRACTICES FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICT OF INTEREST: EACH INDIVIDUAL COVERED UNDER THIS POLICY SIGNS AN ANNUAL STATEMENT THAT THEY ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT THEY DISCLOSE ANY POTENTIAL CONFLICTS. LEVEL AT WHICH CONFLICTS ARE REVIEWED: THE ANNUAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S CFO AND DISCUSSED WITH THE AUDIT COMMITTEE WHEN A CONFLICT ARISES. THE PRESIDENT'S OFFICE MONITORS ALL CONTRACTS AND ACTIONS OF ALL EMPLOYEES ON A REGULAR BASIS. LEVEL AT WHICH DETERMINATION AS TO WHETHER A CONFLICT EXISTS ARE MADE: THE AUDIT COMMITTEE MAKES THE FINAL DETERMINATION OF WHETHER A CONFLICT EXISTS. RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT: INTERESTED PERSONS ARE RECUSED FROM DISCUSSIONS AND VOTING ON ANY TOPIC THAT MAY CONSTITUTE A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION REVIEW PROCESS THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE FULL BOARD. ADDITIONALLY, THE PRESIDENT REPORTS TO THE FULL BOARD IN A FORMAL WRITTEN PRESIDENT'S REPORT THREE TIMES EACH YEAR WITH AN UPDATE ON ALL STRATEGIC INITIATIVES AND ACADEMIC, FINANCIAL AND OTHER MATTERS OF IMPORTANCE. IN CERTAIN YEARS IN WHICH THERE ARE CHANGES TO THE PRESIDENT'S COMPENSATION OR A NEW EMPLOYMENT CONTRACT IS SIGNED, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO, THE CHIEF ACADEMIC OFFICER, AND ALL OF HIS DIRECT REPORTS. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE U.S. AND ABROAD. |
| FORM 990, PART VI, SECTION C, LINE 19 |
DOCUMENTS AVAILABLE TO PUBLIC THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AMERICAN UNIVERSITY OF GREECE FOUNDATION OFFICE. |
| FORM 990, PART XI, LINE 9: |
INTERCOMPANY TRANSFER 10,027,478. UNREALIZED FOREIGN EXCHANGE LOSS TRANSLATION -106,676. UNREALIZED FOREIGN EXCHANGE LOSS (U.S.) -345,526. UNREALIZED FOREIGN EXCHANGE GAIN (GREECE) 356,237. |
Attach to Form 990 or 990-EZ.