Dordt University Incorporated

“The executive committee is comprised of seven to ten voting members from the board of trustees and the president including the officers of the board, the chairs of board standing committees and four additional board members selected by the board of trustees. The executive committee has the duty to make recommendations to the board of trustees and other acts that are in the best interest of the university, including making decisions which cannot be prudently withheld until the next meeting of the board of trustees and oversight of the executive compensation process. Certain actions are reserved to the full board of trustees as outlined in the bylaws.”

“Children of board members attending Dordt receive scholarships awarded based on the same qualifications as all other students applying for scholarships at Dordt. They do not receive preferential aid.”

“The college's members consist of the society made up of confessing members within the following nineteen regional classes of the christian reformed church: lake superior, minnkota, north central iowa, heartland, central plains, iakota, california south, greater los angeles, central california, columbia, pacific northwest, northern cascades, arizona, red mesa, rocky mountain, yellowstone, wisconsin, eastern canada, and western canada.”

“The governance committee of the board of trustees recommends up to fourteen members from the following combined classes to serve on the board: lake superior, minnkota, north central iowa, heartland, central plains, iakota, california south/greater los angeles, central california, columbia/pacific northwest/northern cascades, arizona/red mesa, rocky mountain/yellowstone, wisconsin, eastern canada, and western canada. They are then approved by a vote of the board of trustees.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions and concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications that need to be made are made. The 990 is then provided to the finance committee of the board for their review prior to filing the 990. Any questions and concerns the finance committee have are addressed and any concerns or clarifications that need to be made are made. The final form 990 with all required schedules is then provided to all voting members of the board prior to filing the 990.”

“The university's conflict of interest policy covers the board of trustees and officers. Each board trustee and officer is required to annually complete and sign a conflict of interest disclosure statement. Any conflicts of interest must be disclosed and the executive committee will take appropriate action in dealing with any conflicts so disclosed. If a conflict of interest is determined to exist, the board trustee or officer will withdraw from any discussion and abstain from voting on any matters where his/her personal interest may be involved. Any conflict of interest report is documented in the meeting minutes.”

“Compensation for the president is determined using comparability data and is approved by the board of trustees on an annual basis. Compensation levels should be comparable to similar positions within educational institutions with similar characteristics as dordt university. The decision is documented by the board chair and sent to human resources. This process was most recently undertaken in 2021.”

“Dordt makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the business office.”

“Dordt currently serves over 1,500 students from 20+ countries. Its academic offerings include various undergraduate programs as well as online studies, graduate programs, and professional-technical associate degrees. Within six months of graduation 99% of students are employed or in grad school. Dordt's other areas that support these program include academic support, student services, auxiliary services (student housing), and research. According to us news and world report rankings, dordt is tied for the ninth best regional university in the midwest. Dordt also tied for the third most innovative in the midwest as well as the fourth best undergraduate teaching university. The wall street journal also ranked dordt no. 1 in the nation for student engagement six years in a row from 2017 to 2022.”

“Change in value of split interest agreements 17,582 endowed scholarships 853,729 --------- 871,311”