Augsburg University

“The executive committee consists of the chair and other officers, plus at least four other members elected by the board of regents. The executive committee has the authority of the board of regents in the management of the business of the university in the interval between meetings of the board of regents, and the executive committee is at all times subject to the control and direction of the board of regents.”

“The voting members of the university are the governing members. The governing membership consists of: (1) seventy-six members from the following synods of the evangelical lutheran church in america: minneapolis area synod, saint paul area synod, southeastern minnesota synod, and northwest synod of wisconsin. Each such synod shall have representation which shall be proportionate to its comparative baptized membership; (2) the bishop, or the bishop's designee, from each such synod; (3) ten members from the board of regents; (4) four members from the faculty: the chair of the faculty senate and the chairs of augsburg university's three divisions-fine arts and humanities, natural and social sciences, and professional studies; (5) three members of the university administration determined in the discretion of the president; and (6) two current students holding elected seats as members of the student government. Members from each constituent group shall be selected by procedures determined by their particular body unless otherwise specified in these bylaws.”

“The governing membership elects the members of the university's board of regents and the nominating committee. The governing membership also establishes and elects members to such other committees it deems necessary to conduct its business.”

“The governing membership must approve amendments to the articles of incorporation or bylaws of the university, to merge or consolidate with another corporation, to dispose of all or substantially all the assets of this university, or to dissolve the university. The governing membership receives reports from the board of regents and administration of the university and generally acquaints itself with the progress and needs of the university. Its objectives are to strengthen the university spiritually and academically, to promote the university in appropriate forums, and to provide whatever other forms of assistance it may find feasible and appropriate. It may make recommendations to the board of regents as it deems advisable.”

“An independent public accounting firm prepares the form 990 based on data supplied by management of the university. The draft of the form 990 is reviewed by management with any corrections and changes being incorporated into the document. The updated draft of the form 990 is provided to the audit committee for their review and approval for submission. A public inspection copy of the form 990 is made available to the board of regents prior to submission.”

“Augsburg university has both a conflict of interest policy specific to its board of regents and employees to protect and safeguard the interests of augsburg university. Each year, the board of regents are required to disclose any potential or actual conflicts of interest in their service to augsburg university. Such forms are reviewed by the board chair, or his/her designee, with appropriate action taken. Regents are required to disclose any conflict prior to discussion at meetings and to recuse themselves from voting, as recorded in the minutes. Augsburg university also seeks to avoid conflicts between the personal interests of employees and the interests of the university. In the event an employee or their family member may have a financial, personal, or professional interest that could potentially create an adverse conflict of interest involving the university, the employee is required to provide written disclosure to the appropriate vice president. The employee is then required to refrain from participating in the university's consideration or processing of the transaction to avoid any influence upon such transaction.”

“The president's compensation is reviewed, and adjusted if necessary, annually by the board of regents executive committee. In years where an external firm is not engaged, human resources provides survey data from the college and university professional association for human resources (cupa-hr). This information is based on over 150 schools that compare to augsburg regarding enrollment size, academic programs, budget size, as well as other elca colleges. This information is sent to the executive committee each summer and then the review occurs during the next few months before being communicated to the president in fall by the board chair. If a salary increase is approved by the board, a personnel action request form is submitted. An independent review process of the president's compensation was last conducted by an external source for the president in 2017. In 2018-2019, an internal review was conducted using the same/similar data cuts used by the external source. The recommendation was presented to the board of regents for approval. The president annually reviews the compensation for all members of the president's leadership team (plt). He determines the compensation for his direct reports, but leaves the final decision to the appropriate vice president for employees that do not report directly to him. Human resources provides survey data from the college and university professional association for human resources (cupa-hr), as well as industry specific compensation information for certain positions. The cupa-hr salary information is based on approximately 150 colleges both nationally and across the midwest and includes institutions with similar student enrollment and budget size, as well as other elca colleges. Human resources provides this information to the president each spring/summer, and the review occurs during the next few months. The president communicates the compensation increase to the plt member and human resources ensures a personnel action request form is completed. In 2018-2019 human resources contracted with an external compensation consultant to evaluate and recommend revised pay grades and ranges for all staff, including members of the president's leadership team.”

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

“Adjustment of actuarial liability -33,009. Change in allowance for uncollectible pledges -217,434.”