National University Foundation

“The draft form 990 was distributed to senior management and the audit committee. The final version of form 990 was distributed for review before filing to the trustees by email.”

“The board of trustees has anually reviewed and approved (by a majority of disinterested trustees) the business transactions with trustees or their affiliated professional service firms. Such reviews include consideration of data on comparable service providers collected by university council. The interested trustees were excused from board sessions during which those business transactions were discussed and did not participate in voting on such transactions. Questionnaires are distributed every january. Compliance with the conflict of interest policy is monitored by university council and was reviewed by the board during the year ended june 30, 2018.”

“Compensation of the chancellor of the nus is reviewed by the board at the time of hiring and as necessary thereafter. Compensation of other officers and key employees is determined or reviewed by the chancellor. In both cases, compensation is determined with regard to compensation paid to senior executives of comparable non-profit and proprietary institutions in education and other fields. The process is documented and was last completed in may 2018.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“The chancellor is a trustee of national university and of each other affiliate of the nus, except national university academy. His compensation is allocated among the nus affiliates. In addition, other officers compensation is also allocated among the affiliates of nus as well as the former chancellor as follows: national university is a private nonprofit university in california, with over 30 campuses. Serving about 132,000 students in class (22,000 fte) and staffed by about 1,000 employees, it offers more than 100 accredited undergraduate and graduate degrees and credential programs in five schools. Specialized divisions include the nus institute for policy research and the center for integrative health. Dr jerry lee: (b)(i) $5,760; (b)(ii) $0; (b)(iii) $358,743; (c) $0; (d) $0; (e) $0 john f. Kennedy university, founded in 1964, offers doctoral, master's, bachelor's degrees, and operates a law school at its campuses in pleasant hill, ca and berkeley, ca. It has about 1,600 students and about 225 employees. Dr jerry lee: (b)(i) $4,320; (b)(ii) $0; (b)(iii) $269,057; (c) $0; (d) $0; (e) $0 northcentral university, formerly westmed college, offered certification programs for vocational nurses and paramedics. Its campuses were in san jose, ca and merced, ca. In april 2017, the board voted to teach out the remaining students and terminate operations. Dr jerry lee: (b)(i) $2,880; (b)(ii) $0; (b)(iii) $179,371; (c) $0; (d) $0; (e) $0 national university virtual high school, which together with the charter school national university academy, constitutes the division of pre-college programs and provides interactive, media-rich educational opportunities to diverse high-school students. It serves about 1,300 students, and has about 5 employees. It has articulation agreements with over 400 schools, allowing its online courses to supplement classroom instruction. Dr jerry lee: (b)(i) $1,320; (b)(ii) $0; (b)(iii) $82,212; (c) $0; (d) $0; (e) $0 city university of seattle, founded in 1973, offers over 60 programs including undergraduate and graduate degrees and certificates. The university has over 30 campuses. It has about 7,000 students in class and about 50 employees. Dr jerry lee: (b)(i) $1,800; (b)(ii) $0; (b)(iii) $112,107; (c) $0; (d) $0; (e) $0 financial statements: explanation: system management group is included in a combined report with the national university system.”

“Dr. Lee compensation as chancellor of the national university system ("nus") pursuant to the affiliation agreement, dr. Lee guided the strategic direction of the nu affiliates. He spearheaded the creation and growth of the nus since its inception in 2001 through his retirement in september 2013. During the fiscal year 2008-2009, he led the negotiations that culminated in john f. Kennedy university becoming an affiliate of the nus. Thanks to that affiliation, the nus now includes an institution that is accredited to award doctoral degrees. During the fiscal year 2012-2013, he led the negotiations that culminated in city university of seattle becoming an affiliate of nus. Thanks to that affiliation, nus added 30 additional campuses and over 7,000 students. The chancellor's compensation is paid by system management group ("smg") and is allocated among other nus affiliates. None of dr. Lee's compensation is allocated to any other organization outside the nus.”

“Change in beneficial interest in assets 536,500.”