University of St Thomas

“The compensation for other officers and key employees is approved by the president or the individual's direct supervisor if not the president. As part of this process, compensation is established through an assessment of the current-market. A salary range is established through comparable positions/salary information, and the appropriate target salary is selected before a final offer is directed to the potential hire. This process occurs each year.”

“The executive committee is comprised of board chair, board vice chair, immediate past chair, and the president of the university of st. Thomas. All of the executive committee members are members of the university's board of trustees. The executive committee has the right to act on behalf of the board of trustees in any matter that the board itself could address.”

“BRIAN WENGER AND PATRICK RYAN - Business relationship, DEBBRA SCHONEMAN & PHILIP SORAN - Business relationship, ARCHIE BLACK, PHILIP SORAN, & ANNE SEMPOWSKI WARD - Business relationship”

“Three of the university's trustees shall be nominated by the saint paul seminary and elected by the board of trustees in accordance with an affiliation agreement between the university and the seminary.”

“Prior to filing the return with the irs, a draft of the completed form 990 is reviewed by the organization's management and outside independent tax advisors. The form 990 with a redacted version of schedule b is then provided to the full board of trustees for review and approval. Subsequent to the board of trustee approval, the tax department files the return with the appropriate federal and state agencies, making any non-substantive changes necessary. Any non-substantive changes are not re-submitted to the board.”

“All trustees officers, key employees, and the five highest paid employees of the university are requested to file an annual disclosure statement and report any known conflicts of interest. This disclosure statement must be completed at the time of appointment and then annually on or before october 31. The disclosure requires the individuals to note known and potential relationships or transactions which may give rise to conflict. Trustees and officers also are requested to notify the vice president for business affairs immediately if a change in his or her disclosure statement occurs during the year. The university reviews the forms and any identified conflicts are monitored to ensure compliance with the policy. All contracts, agreements, or arrangements that have the potential for a financial or other type of conflict of interest are reviewed and approved by the appropriate group as laid out in our policy. An interested person recuses him or herself from the decision-making process, including removing him or herself from any discussions or meetings regarding the potential arrangement. Those without an interest in the matter decide whether a contract, agreement, transaction, or arrangement is fair, reasonable, and is in the best interest of the university.”

“The university benchmarked the presidents salary during the search for rob vischer, who was initially interim president before being confirmed as president january 2024 .”

“The university of st. Thomas does not make its governing documents available to the public. The university's conflict of interest policy is on the university's website and is accessible to the public. The university's audited financial statements are available by request and are also available on the university's website.”

“Other Student Service Revenue - Total Revenue: 2888277, Related or Exempt Function Revenue: 2888277, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other Revenue - Total Revenue: 2991776, Related or Exempt Function Revenue: 2977659, Unrelated Business Revenue: 14117, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 19,035,911 including grants of $ 0)(Revenue $ 2,891,683) OTHER PROGRAM SERVICES: ACADEMIC SUPPORT PROVIDED TO THE UNIVERSITY COMMUNITY INCLUDING LIBRARY FACILITIES, ACADEMIC ADVISING, AND THE FACULTY DEVELOPMENT CENTER. THE UNIVERSITY PROVIDES PUBLIC SERVICES INCLUDING THE SENIOR CITIZEN CENTER, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES.”

“Net unrealized gain on interest rate swap - 93885; change in deferred tax - 3923; reclassification of net assets - -1597583;”