Salus University

“The primary responsibility of the executive committee is to strengthen the board's performance by helping it function efficiently and effectively. Its broad powers shall be used only as necessary and appropriate on routine business or emergency matters that cannot or should not be delayed until the board's next regularly scheduled meeting or until a special meeting of the board should be called as specified in the bylaws. The committee shall have all powers of the board of trustees on all matters except for the following, which shall be reserved for the board: presidential selection and termination, president's compensation, trustee and board officer selection, charter and bylaw amendment, changing the university's mission, incurring corporate indebtedness, approval of annual budget and conferral of degrees.”

“A copy of the form 990 is made available to the finance committee of salus university on a secure website. Each committee member is provided opportunity to comment on the information contained in the 990 prior to filing. The full board is provided opportunity to review the filed 990.”

“Each officer, director, trustee and key employee of the university is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the university. The university monitors compliance with its conflict of interest policy through an annual questionnaire /disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately by an ad hoc committee established for just such purpose.”

“The president is the organization's top management official. The president's compensation is determined by the executive committee of the board. In determining compensation , the board relies upon comparability data of institutions similarly situated to salus university. The deliberations to determine the president's compensation are documented in the board committee's minutes. This review process last occurred in 2016. Compensation paid to other officers or key employees of the organization is determined by the president of the university in consultation with the director of human resources. When necessary, they will utilize independent comparability data to benchmark a reasonable salary for these individuals. This review process last occurred in 2016.”

“The organization does not make its governing documents, conflict interest policy or financial statements available to the public.”

“The university has always filed individual form 990 for each of its related entities (see schedule r part ii) as required by irs regulations. On the university's form 990, these related entities were previously reported on the university's balance sheet using the equity method of accounting. However, the revenue (part viii) and expenses (part ix) were not reported on a consolidated basis. Upon further review, it was determined that the presentation of an investment in subsidiary in net assets on the balance sheet does not meet the irs technical requirements when filing a form 990 and the return should not be reported on a consolidated basis. Therefore, the amount reported in part xi line 8 is to adjust the opening balance for the assets of the related organization which were reported on the form 990 balance sheet.”