University of Northwestern St Paul

“University of northwestern - st. Paul has an executive committee, consisting of the chair, vice-chair and secretary of the board of trustees, the president of the university, and the chair of each of the standing committees of the board of trustees. The executive committee has the authority to act on behalf of the board of trustees on all matters except for the following, which are reserved for the full board of trustees: presidential selection and termination, trustee and board officer selection, charter and bylaw amendment, changing the institution's mission, incurring corporate indebtedness beyond what the board of trustees has authorized by resolution, approval of the annual budget, and conferral of degrees.”

“A draft of the form 990 was provided to the university's vp of finance and operations/cfo and controller for a detail review after all changes were made and questions answered. A final copy of the form 990 was then reviewed by the board of trustees prior to filing with the irs.”

“The university's conflict of interest policy applies to its board of trustees, officers and management employees. The board of trustees sign a conflict of interest policy on an annual basis. It is the responsibility of all interested persons to disclose any potential conflicts of interest as soon as they become aware of them. Disclosures are made to the president of the university or the chair of the board of trustees, as appropriate, who bring the matter to the attention of the entire board of trustees. The board then determines if a conflict exists, whether it is material, and whether it is just, fair and reasonable to the university of northwestern - st. Paul. The interested person leaves the room for discussions involving, and may not vote on, the relevant contract or transaction. When there is a conflict of interest during a board meeting discussion, it is documented in the board minutes that the person(s) with the conflict left the room for the course of the discussion.”

“President of university of northwestern - st. Paul: northwestern receives comparison data from four main sources: (1) council for christian colleges and universities, (2) cupa, (3) yaffe & co, and (4) comparable form 990s. All four of these sources target higher education compensation. The office of human resources is responsible for reviewing the surveys related to top management as well as all employees and ensure that wages are within an appropriate range. The president's salary was officially reviewed by the board of trustees and documented in the meeting minutes. The last review was completed in 2024. Other officers, directors, trustees and key employees: university of northwestern - st. Paul has a formal salary program with salary grades and salary ranges for positions. University of northwestern - st. Paul annually participates in multiple salary surveys and also reviews local salary data to determine salary grade ranges. The process is reviewed by human resources and salary grade increases are made to the minimum, midpoint and maximum of the pay range. Vice president salaries are reviewed by the president. The president has access to salary survey data and from there a request for salary change is made by the president and presented to human resources for review and processing. The last review including comparability data was in 2023.”

“The university makes its financial statements available to the public upon request. It does not make its governing documents or conflict of interest policy available to the public.”

“Change in value of split interest agreements -23,876. Change in value of interest rate swap -155,572.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”