Depaul University

“Delegation of authority according to the university's by-laws, the executive committee of the board of trustees may exercise the full powers, duties, responsibilities, and authority of the board of trustees. During the fiscal year the executive committee of the board of trustees did not exercise its authority to act is lieu of the full board.”

“Significant changes to governing documents during the fiscal year, the board of trustees passed resolutions adjusting the number of members of the board.”

“Members or stockholders election and termination of the university's board of trustees, along with the filling of board vacancies is the exclusive right of the members of the corporation. The members of the corporation are elected and terminated by the members. Pursuant to the university's articles of incorporation, at least two-thirds of the voting membership of the corporation shall be members of the religious society called the roman catholic church, the congregation of the mission. Further, pursuant to the university's by-laws, the provincial superior of the western province of the congregation of the mission shall be a member of the corporation. Members are elected by the members and serve three-year terms. The number of members shall be as determined from time to time by the members. The members must approve any amendment to either the by-laws or articles of incorporation that affects the authority, rights, or duties of the members to elect or remove trustees or life trustees.”

“Members or stockholders same as above.”

“Form 990 review process once a draft of the university's form 990 is completed it is first reviewed internally by the university's controller. After the initial internal review of the return is completed, the draft form 990 is reviewed by a public accounting firm, which may recommend revisions. Revisions, if any, are reviewed and approved by the university. Once revisions, if any, are competed, the public accounting firm provides a final draft copy of form 990 to the university. The final draft is then reviewed by the university's executive vice president and president. Lastly, the final draft of form 990 is provided to and reviewed by the members of the audit committee of the university's board of trustees. After review by the audit committee, the form 990 is electronically filed and a copy of the form 990, without schedule b, is posted to the board of trustee's website for review by the full board. The university has been determined that schedule b, which lists information concerning certain donations made to the university during the year, would not be made available to the entire board of trustees. This decision was made primarily for confidentiality reasons and to protect listed donor's personal information. Therefore, based on irs instructions, the university answered "no" to the question. In addition to the above reason, irs guidance also indicates that posting a copy of the form 990 on a central website for members of its governing body, which is the university's practice, requires an answer of "no" to this question. Form 990, part v, line 1a: 1098-t forms the total on this line includes 28,717 form 1098-ts, which the university is required to file with the irs and provide to its u.s. Person students.”

“Conflict of interest policy monitoring & enforcement the university has a conflict of interest policy for members of its board of trustees. The board of trustees' conflict of interest policy is subject to periodic review and was most recently reviewed and approved by the board as of the may 2014 board meeting. The university also has an established conflict of interest policy for staff, including university officers and key employees. Although the authority to establish university policies rests with the board of trustees, the board has delegated the responsibility for approving institutional policies, including the staff conflict of interest policy, to the president of the university. In conjunction with presidential approval, the university has established a multi-level review process for all university institutional policies, which incorporates input from a number of university constituencies, including faculty, staff and university executives. All university policies are reviewed and updated at least once every three years as well as on an as needed basis. With regard to conflict of interest monitoring, on an annual basis university trustees and officers are required to disclose all actual and potential conflicts of interest. Related to trustees, the university has adopted a "conflict of interest policy for trustees of depaul university". The policy requires trustees to disclose, in writing, all actual and potential conflicts of interest on an annual basis. Trustees are also required to disclose all actual and potential conflicts of interest that may arise between the normal annual disclosure periods. It is the duty of the trusteeship committee of the board of trustees to review and act upon all conflicts disclosed and further to determine whether such disclosures should be referred to the full board for further review. Trustees with conflicts are to refrain from voting or otherwise influencing or attempting to influence a board member or administrator on any decision of the board on a matter in which such conflict exists. Documentation of recusal from voting is captured in the appropriate board or committee minutes. The university has also adopted a "conflict of interest" policy, which pertains to all university employees, including officers and key employees. The policy requires employees to disclose all actual or potential conflicts of interest, in writing, on an annual basis and at any time a conflict or potential conflict may arise between normal annual disclosure periods. Employees who influence or attempt to influence decisions on matters in which any conflict or appearance of a conflict exists, between the employee's personal interests and the interests of the university, must either refrain from involvement in the matter or disclose the conflict in writing, for further review, along with controls for ensuring that the best interests of the university are protected. Conflict disclosures by key employees and all other employees are reviewed and approved by their immediate supervisor and/or the university officer to whom they report, depending on the reporting structure. Conflict disclosures by officers are reviewed and approved by their immediate supervisor and/or the provost or executive vice president, depending on the reporting structure. Conflict disclosures by the provost and executive vice president are reviewed and approved by the president of the university. Conflict disclosures by the president are reviewed and approved by the chairman of the audit committee of the board of trustees. Form 990, part vi, section b, lines 13 & 14: whistleblower and records retention and destruction policies the university has in place established whistleblower and records retention and destruction policies. Although the authority to establish university policies rests with the board of trustees, the board has delegated the responsibility for approving institutional policies, including the whistleblower and records retention an”

“Process for determining compensation the annual (fiscal year) process for determining compensation for university officers begins by analyzing compensation data from the most current national published compensation surveys and irs form 990 data. Compensation data are analyzed from defined peer groups comparable to depaul in size, complexity, religious affiliation and/or academic offerings. For executive positions that are not exclusively found in higher education, data from other industries are included for market comparison purposes. All market data gathered are annualized and aged at a rate of 1.0% from the data of the data source to a common effective date of january 1, 2021. The compensation data sources are used to analyze depaul's university officers' pay levels and to determine if any adjustments need to be made. Depaul contracts with an outside consultant to compile, review and independently verify the compensation data. The outside consultant completes a detailed report, which includes the market analysis of executive positions and a presumption of reasonable compensation. The report is presented by the consultant to the board of trustee's executive compensation committee. The executive compensation committee is charged with reviewing and approving the recommended levels of compensation. The committee determines the president's compensation, without recommendation. Minutes of the committee's meetings, including its decisions regarding compensation matters, are recorded by the committee and maintained by the office of the secretary. Below are the positions and dates for which this process was conducted for the 2020/21 fiscal year. Position date president 9/24/2020 interim provost 9/24/2020 executive vice president 9/24/2020 vice president for facilities operations 9/24/2020 vice president for advancement 9/24/2020 vice president, general counsel & university secretary 9/24/2020 vice president for human resources 9/24/2020 vp for finance/controller 9/24/2020 treasurer 9/24/2020 vice president for enrollment management 9/24/2020 vice president for public relations, communications & marketing 9/24/2020 vice president for information services 9/24/2020 vice president for student affairs 9/24/2020 vice president for institutional diversity & equality 9/24/2020 vice president for strategic initiatives & chief of staff 9/24/2020 vice president for mission & ministry 9/24/2020 athletics director 9/24/2020”

“Form available to the public per irs regulations, for all open tax years, the university makes copies of its forms 990 and 990-t available for public inspection at both of its two campus locations. In addition, paper copies of the tax forms are available upon request by the public. Per the form 990 instructions, the university's application for recognition of exemption is not available for public inspection, as it was filed before july 15, 1987 and the university did not have a copy of the application as of that date. The university does have a letter dated july 5, 2018 from the irs verifying its status as an organization exempt from federal income tax under section 501(c)(3) of the internal revenue code and that donors may deduct contributions made to the university as provided in section 170 of the internal revenue code. Copies of this letter are available upon request.”

“How documents are made available to the public the university's governing documents, by-laws and articles of incorporation, as well as copies of the university's conflict of interest policies are available upon request from the office of the secretary. Copies of the university's financial statements are also available upon request from the university's financial affairs office.”

“Officers and employee term date ms. Archer's employment with the university ended in october 2020. Ms. Lenti-ponsetto's employment with the university ended in september 2020. Mr. Bethke's employment with the university ended in december 2020.”

“In the global city of chicago, depaul supports the integral human development of its students. The university does this through its commitment to outstanding teaching, academic excellence, real world experience, community engagement, and systemic change. Depaul prepares graduates to be successful in their chosen fields and agents of transformation throughout their lives. Guided by an ethic of vincentian personalism and professionalism, depaul compassionately upholds the dignity of all members of its diverse, multi-faith, and inclusive community. Through education and research, the university addresses the great questions of our day, promoting peaceful, just, and equitable solutions to social and environmental challenges. Since its founding in 1898, depaul university has remained dedicated to making education accessible to all, with special attention to including underserved and underrepresented communities.”

“Change in value of trust held by others -956,820.”