Eden Theological Seminary

“Board is self-perpetuating and elects all new board members. Faculty representative is nominated by the faculty.”

“The president and chief financial officer will review the 990 prior to signing the document. They will review the information to determine that information in the 990, to the best of their knowledge, is complete and accurate.”

“It is the policy of eden theological seminary that no employee, officer or board member shall enter into any business relationship with any other person or entity which may create a conflict between that relationship and their duties to eden. Further, no employee, officer or board member shall place her/himself in a position in which personal interest, financial or otherwise, might influence or be perceived to influence any action she/he may take or advice she/he may render on behalf of eden. Some employees and all officers and board members, upon hire/appointment and on an annual basis, will be required to complete a conflict of interest disclosure from disclosing potential conflicts. In addition, all officers and board members have an ongoing duty to bring to the attention of eden situations which may give rise to an actual or potential conflict of interest described in this policy.”

“During the budgeting process, the finance committee of the board of directors reviews management's recommendation for pay increases. The pay increases for the president, key employees and faculty is determined in relation to salary information gathered by the association of theological schools. Management has proposed raises in salaries based on across the board percentage rate for all staff and faculty except the president. When the finance committee approves the budget and salary increases, it is presented to the full board for adoption. The president's salary is proposed to the board by the executive committee as part of its annual review of the president's performance. Staff are evaluated annually, but pay raises are not tied to evaluations. Faculty are evaluated according to the faculty manual, but again, pay raises are not tied to evaluations. The last raises by the organization were in july, 2016.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request to the president's office.”

“Outside services: program service expenses 352,040. Management and general expenses 241,003. Fundraising expenses 14,272. Total expenses 607,315.”

“Change in value of split-interest agreements -82,160.”

“Financial statement and reporting: the organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This is consistent with prior years.”