Aurora University

“Pursuant to article v, section 3 of the bylaws, the executive committee shall be responsible for discharging any and all of the powers of the board of trustees as permitted by law when the full body is not in session. In addition, the committee shall oversee the development and the implementation of the institution's strategic and operating plans. The chair of the board of trustees shall be the chair of the executive committee. The committee shall meet a minimum of two times annually and shall submit regular reports to the board of trustees. Special meetings may be called by the chair, the president or at least three members of the committee. All members of the board of trustees shall receive notifications regarding meetings of the executive committee and are welcome upon invitation to participate in such sessions. The members of the executive committee, in addition to the chair and the president of the university, shall be the vice chair(s) of the board, the immediate past chair of the board (or the most immediate past chair eligible to sit on the committee), the chairs of the standing committees and one or more at large trustee members appointed by the chair of the board of trustees at the annual meeting.”

“Audit committee members and the chairs of the trustee and compensation committees, and chairman of the board of trustees are responsible for reviewing the draft form 990 prior to filing. The draft form 990 is available to all board members for their review prior to filing.”

“The board secretary is charged with contacting all board members to complete the annual conflict of interest form. For staff, the vice president for finance sends a request to all staff who are required to complete the annual conflict of interest form. Follow-up requests are made until the form has be completed. The chair of the governance committee reviews all conflict of interest statements submitted by all trustees. If conflicts require additional review, the university by-laws provides for a special committee to be formed to address such conflicts. In addition, conflicts of interest discussion is on all meeting agendas.”

“The executive committee of the board of trustees reviews and approves the president's compensation on an annual basis. Comparable market data is used by the office of people and cultures/human resources and president when evaluating an individual's compensation and changes to compensation are documented in detail in the employee's record. Changes in the compensation are approved by the president, as well as through the board of trustees through the annual budget process.”

“The financial statements, governing documents and conflict of interest policy are available to the public upon request.”

“OTHER - Total Revenue: 332113, Related or Exempt Function Revenue: 332113, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“DEBT SERVICE - Total Expense: 390473, Program Service Expense: , Management and General Expenses: 390473, Fundraising Expenses: ; FOOD SERVICE - Total Expense: 3942930, Program Service Expense: 3924526, Management and General Expenses: 18065, Fundraising Expenses: 339; OFFICIATING - Total Expense: 141772, Program Service Expense: 141772, Management and General Expenses: , Fundraising Expenses: ; ONLINE CLASS MGMT - Total Expense: 9474540, Program Service Expense: 9474540, Management and General Expenses: , Fundraising Expenses: ; OTHER - Total Expense: 9354950, Program Service Expense: 7234413, Management and General Expenses: 1777971, Fundraising Expenses: 342566;”

“ADJUSTMENTS OF ANNUITIES - 6169; CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS - 48395; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - -869703; Total - -815139;”