Marian University Inc

“The corporation has two classes of members. Class a (general superior of the congregation and those persons who are members of the general council of the congregation) and class b (appointed by class a).”

“Congregation of sisters of st. Agnes (csa) are corporate members, who approve the members of the governing body. Corporate members appoint two persons to be on the board of trustees: 1)sponsorship liason 2) as a representative for general superior of csa.”

“Transactions over $500,000 that involve acquisition or alienation (selling) of land or buildings or incurring debt need to be approved by class b members. Transactions over $5,705,000 (acquisition or alienation of land or buildings or incurring debt) need to be approved by class a members and the congregation for religious of the vatican.”

“It is the policy of marian university, inc. To have the irs form 990 reviewed internally prior to filing the form with the irs, and to have a procedure in place which enables members of the board of trustees to ask questions and seek clarification of the details contained in the form. The external auditor is engaged to prepare and electronically file the irs form 990. The external auditor uses information provided by the university to prepare the 990. The external auditor will then provide a draft copy of the 990 to the controller and vp for business & finance for review. After the controller and vp for business & finance has completed his/her review, a draft copy will be sent to the president for his/her review. After the president's review a draft copy is sent to the audit committee for their review and the draft is also made available to the full board of trustees. Once all the reviews are completed the external auditor is given the approval to file the form electronically.”

“The organization reviews the annual disclosure statements and then the governing body and management monitors and makes sure decisions are not made by individuals possessing a conflict of interest. If a conflict is deemed to exist for a member of the governing body, such person shall not vote on, nor use personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction. The minutes of the meeting shall reflect the disclosure made and, where applicable, the abstention from voting and participation.”

“The compensation committee (sub committee of the board of the trustees) utilizes data from the wisconsin association of independent colleges & universities (regional) and other national salary data to annually compare executive compensation. The data gathered by the committee will be used to ensure that the compensation for officers of the university and other disqualified persons are generally in line with the compensation philosophy, are within fair market value and meet the standards of reasonableness. The committee's minutes document the foregoing process. The process described here was last completed in 2024.”

“Documents are available to the public upon request.”