North Central University

“The executive committee is comprised of the president of the university, the chair, the vice-chair and the secretary-treasurer of the board, and four other board members. The executive committee has the authority to transact any necessary business that may arise between meetings of the board.”

“Leon freitag and paul frietag - family relationship jeff hlavin and nathan hlavin - family relationship jon liechty and jeff liechty - family relationship dan nelson and bill wenig - family relationship”

“The governing body consists of the following: the district superintendent, the district youth director, and two other members. They are appointed to the board of regents by each of the following districts of the assemblies of god: illinois, indiana, iowa, michigan, midwest latin american, minnesota, nebraska, north dakota, northern missouri, south dakota and wisconsin-northern michigan. In addition, the president of the college and the executive presbyter of the north central region of the general council of the assemblies of god are given voting positions on the board of regents.”

“The complete form 990 return for 2015 is reviewed by the senior administrators, the executive committee of the board of regents, the finance and audit committee of the board of regents prior to filing. A public presentation copy is presented to the entire board of regents before filing.”

“The university's conflict of interest policy covers all employees and members of the board of regents. The executive committee reviews all potential and actual conflicts of interest that are reported, and takes action if necessary. If board action is required, the board member with a conflict of interest would be excused from the voting process to help avoid the conflict. Proceedings related to conflicts of interest are documented in the meeting minutes.”

“In years when a compensation increase has been budgeted by the university, salary survey information is accumulated from various sources, including a collection of search results from form 990s representing institutions comparable to north central university. This information is prepared and submitted to the board of regents for review and recommendation. The deliberation and decision are documented in the meeting minutes. The board of regents reviews prior year financial results and current enrollment goals in the october meeting. Based on the review and other comparable data a percentage compensation increase is approved for other officers, if appropriate. The process was last completed in october, 2013 for the president and the vice presidents employed at that time.”

“The university's governing documents are available through the minnesota secretary of state, and upon request. The university's conflict of interest policy and financial statements are made available to the public upon request.”

“Change in value of split interest agreements 973.”