Ohio Wesleyan University

“Reportable relationships - the following individuals have a family relationship: c. Paul palmer and tom palmer; and john milligan and kathie bradford milligan the following individuals have a business relationship: c. Paul palmer and tom palmer”

“Changes to governing documents - the university adopted certain changes to its code of regulations in may, 2021.”

“Members of the organization - the members of the organization are the trustees. The board of trustees is comprised of the following members: the president of ohio wesleyan university, the presiding bishops of the west ohio area and east ohio area of the united methodist church, not more than eight members representing the west ohio and east ohio conference of the united methodist church, not more than fifteen members of the ohio wesleyan alumni association, and not more than twenty trustees-at-large elected by the board of trustees.”

“Members' power of election - the board of trustees (not including the trustees-at-large) elects not more than twenty trustees-at-large. These trustees-at-large have the same voting rights as the other members of the board.”

“Form 990 review - the board of trustees has delegated the authority to review form 990 to the board's audit committee. The audit committee reviews form 990 with the assistance of the vice president for finance and the independent public accounting firm.”

“Providing form 990 to governing body - the university has provided a copy of form 990 to all members of the governing body before filing but has redacted the names and addresses of donors on schedule b. The university believes that this donor information is confidential. As such, we are required to answer "no" to question 11a in part vi even though form 990 (except for donors' names and addresses) has been provided to the board of trustees.”

“Monitoring and enforcement of conflict policy - the conflict policy is monitored by the organization committee of the board of trustees annually and by the university's administrative officers as needed. When a conflict arises, the person with the conflict is not permitted to participate in the discussion of the transaction or to vote. The decision about the transaction is made by persons who are independent of the individual with the conflict.”

“Compensation review and approval - during june, the compensation committee of the board of trustees reviews compensation for senior executives. The compensation committee is comprised of the chair, immediate past chair, vice chair, finance chair, and one board member appointed by the chair. Compensation comparability data from the great lakes college association and national cupa data are used to determine the compensation of senior executives. The compensation committee's members are independent of the persons for whom compensation is being determined. The committee documents its deliberations and decisions in the minutes and reports its decisions to the full board in executive session. The board of trustees votes on the appointment and compensation for the university president upon recommendation of the presidential search committee, aided by a professional consulting firm.”

“Availability of documents - the university makes it financial statements available on its web site. It makes its governing documents and conflict policy available upon request.”

“On january 30, 2020, the world health organization declared the outbreak of the coronavirus disease 2019 (covid-19) a global health emergency and subsequently declared the covid-19 outbreak a global pandemic in march 2020. The pandemic has adversely affected domestic and global economic activity and the impact continues to evolve as of the date of this report. In fiscal 2020-2021, uncertainty surrounding the pandemic resulted in lower student enrollment and the number of students in residence at ohio wesleyan, which negatively affected tuition, room, and board revenue. In addition, unrestricted donations and grants were lower in fy21, which further depressed total revenue. In response, the university made a number of budget and staffing adjustments for the 2020-2021 fiscal year designed to ensure the university could successfully deliver academic programs without disruption. The university incurred significant expenses related to the prevention and management of covid-19 in fy21. These expenses included, but are not limited to: coronavirus testing of students, hvac system upgrades and the purchase of air cleaning units, installation of barriers and signage, costs to isolate students who tested positive for covid-19, and enhanced cleaning and disinfecting throughout campus. Many of these costs were reimbursed through federal funding through the higher education emergency relief fund (heerf) or through state of ohio grants. With the development and approval of the coronavirus vaccine in late 2020 and wider availability of the vaccine in the spring of 2021, the university instituted a vaccine mandate for all faculty, staff, and students effective for the fall 2021 semester. We worked with the delaware general health district to offer the vaccine on campus in april 2021, which allowed students to be vaccinated prior to leaving campus for the summer recess. Students were required to upload their vaccine card showing proof of vaccination prior to begin allowed to return to campus for the fall 2021 semester. Petitions for exemptions were allowed and reviewed by residence life staff. Faculty and staff were required to upload vaccination cards to our human resources adp system. Individuals were allowed to pursue an exemption request. Due to our high vaccination rates in the 2021-22 academic year, we allowed healthy students to live together as in pre-pandemic times with no other modifications, while we provided separate housing for students who tested positive for covid-19 and needed to be isolated. While we continued to require facial coverings for all persons while in indoor spaces, we no longer required a six-foot distance between students in classrooms as we had done in the 2020-2021 academic year. While the coronavirus pandemic significantly affected university activities, financial results, and cash flows during fiscal year 2020-2021, the full extent of the pandemic's impact is unknown at this time, as lower student enrollment resulting from the pandemic will continue to depress tuition, room, and board revenue into the future.”

“Postretirement benefit obligation adjustment 391,766. Pension-related charges other than net periodic pension cost 464,446. Actuarial adjustment of split-interest agreements 609,622.”