Carnegie Mellon University

“James rohr, edward grefenstette, and farnam jahanian have a business relationship. Edward grefenstette and j. Lea hillman simonds have a business relationship. Larry jennings jr. And luke skurman have a business relationship.”

“Carnegie mellon has six ex-officio trustees who are members of the board of trustees by holding the following offices: mayor of the city of pittsburgh president of council of the city of pittsburgh president of carnegie mellon university president of carnegie mellon alumni association president of the andrew carnegie society of carnegie mellon chairman of carnegie mellon faculty senate ex-officio trustees shall be full voting members of the board of trustees, with all rights and responsibilities thereto, except as follows: they shall be welcome at all open sessions of all full board meetings and, if requested by the chair, at closed executive sessions; and the president of carnegie mellon university shall have no voting rights when serving as a member of the audit committee of the board.”

“Carnegie mellon university's tax department is responsible for gathering relevant information and preparing the annual form 990. Once the form is complete in draft status, it is reviewed with carnegie mellon's independent certified public accounting (cpa) firm. Upon completion of independent review by the cpa firm, the form is reviewed by the vice president for finance and chief financial officer, associate vice president for finance and controller, president, chief of staff and vp of strategic initiatives, tax department and then provided to the audit committee for approval. Finally, a completed copy of the form is provided to the board of trustees for their review prior to filing form 990 with the irs.”

“Carnegie mellon requires each trustee, officer, and member of senior management to disclose annually the existence of any circumstances that might constitute a conflict of interest with the institution. The process is initiated each fiscal year by the office of the secretary of the corporation sending an electronic conflict of interest questionnaire to the above noted individuals. Completed questionnaires are returned to the secretary of the corporation for evaluation of actual or perceived conflicts by the institution, reviewed by the office of general counsel, and annual reporting is provided to the audit committee of the board of trustees. All officers and members of the board are required to disclose conflicts to the secretary of the corporation as they arise throughout the year.”

“The compensation committee annually reviews and recommends to the executive committee for approval the president's salary, compensation, and benefit package (total compensation), and reviews and approves the total compensation of the provost, vice presidents, deans, officers and key employees. The committee obtains appropriate analyses and studies prepared by the administration and independent external sources with respect to compensation for similar positions in similar organizations to aid in evaluating compensation and benefit plan levels, practices and strategies to ensure that the university's compensation levels and practices are comparable to similar organizations and appropriate to attract, obtain and retain qualified personnel. This includes reviewing survey data for similar positions among a select group of peer institutions. The committee submits its recommendations for the president's total compensation package to the executive committee for review and approval. The executive committee receives an annual report from the university's compensation committee including significant compensation and benefit plan policy changes. It reports to the full board on this and the competitiveness of the university's compensation levels and benefit plans in relation to peer institutions.”

“Carnegie mellon's governing documents, conflict of interest policy, and financial statements are available for public inspection. The documents are available upon request or can be obtained by visiting the website at www.cmu.edu.”

“The board of trustees may grant the status of emeritus trustee to those members who have made distinguished contributions to the university and who have attained at least age 60 or a maximum of age 75. The board of trustees may, at any time or from time to time change the age at which trustees must be granted emeritus, a status, or resign from the board. Emeritus/ a trustees shall be welcome at all full board meetings; all meetings of the advancement, educational affairs and enrollment, and research, innovation and entrepreneurship committees of the board of trustees; shall receive all notices, minutes and reports of said meetings, shall be free to participate in discussions, but shall be without a vote on any matter. Emeritus trustees shall be welcome at all board and university events. The following individuals were emeritus life trustees of carnegie mellon's board of trustees: paul a. Allaire, arthur h. Aronson, john bertucci, carol r. Brown, robert m. Brown iii, w. Logan dickerson, philip l. Dowd, dina dublon, william b. Ellis, cynthia friedman, henry gaillot, claire w. Gargalli, richard d. Hamilton, wilton a. Hawkins, teresa heinz, orion l. Hoch, t. Jerome holleran, w. Lee hoskins, justin m. Johnson, patricia askwith kenner , david m. Kirr, edward e. Lucente, thomas a. Mcconomy, jack e. Mcgrath, regina gouger miller, lindsay j. Morgenthaler, alessandro ovi, norman f. Parker, e. Kears pollock, charles j, queenan, jr. Esq, john g. Rangos, sr., david roderick, vincent a. Sarni, joyce b. Scott, david s. Shapira, raymond w. Smith, james c. Stadler , w. Lowell steinbrenner, donald e. Stitzenberg, james m. Walton, konrad m. Weis.”

“For each person listed in column a who is an employee of carnegie mellon university, the average number of hours per week stated is 50 hours per week; however, the actual number of hours worked varies between 50-80 hours per week.”

“Lamme unrealized gains/loss -82,789. Change in swap value net of interest expense & other 4,241,003. Net gain from fundraising events -141,123. Uncollectible pledge write offs -7,144,822.”

“Carnegie mellon has an audit committee of the board of trustees that is responsible for overseeing the audit of the financial statements and the selection of a certified independent accounting firm that audits the financial statements. Carnegie mellon's financial statements are consolidated. This process has not changed from the prior year.”