William Jewell College

“The trustees do have an executive committee that can act on behalf of the full board in emergency situations. The board on occasion will delegate decisions to the executive committee if these decisions/tasks need to be accomplished between board meetings.”

“Lantern Business Advisory, LLC. Jon Nixon serving as Interim CFO from October 2023 through May 2024. He received $122,008.”

“An independent accounting firm prepares and reviews the form 990. The draft form 990 is reviewed by the college's accounting personnel, chief financial officer and the audit committee chair. The final form 990 (excluding schedule b) was provided to the entire board prior to filing.”

“The college has a published conflict of interest policy that states in part by definition, a conflict of interest occurs where an individuals obligation to further the colleges charitable purpose is at odds with his/her own financial interests. Such a conflict of interest exists if an employee or member of the board of trustees has an external financial interest or fiduciary or other legal obligation that reasonably could be seen as creating an incentive for the individual to modify the conduct of his/her college activities, or to influence the conduct of others serving private interests more than insubstantially, is inconsistent with accomplishing the college's charitable purposes. Employees and members of the board of trustees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest and/or threaten the colleges tax-exempt purpose. A conflict of interest policy is intended to help ensure that when actual or potential conflicts of interest arise the college has a process in place to collect adequate disclosures to advise the governing body about all the relevant facts concerning the situation. A conflict of interest policy is also intended to establish procedures under which members of the board of trustees that have a conflict of interest will be excused from voting on such matters. All members of the board of trustees, the president of the college and members of the presidents cabinet are required to complete and sign an annual compliance questionnaire as a condition of continual board membership and/or employment and as required by the colleges annual tax return, form 990.”

“The following process is followed to satisfy a rebuttable presumption test when establishing compensation and benefits for the college's president as defined by the internal revenue service. The president's compensation and benefits will be reviewed and approved on an annual basis by the executive committee of the board of trustees or a duly appointed compensation committee. Thereof, provided that any person(s) with conflict of interest are not involved in this review or approval, compensation and benefits are reviewed and approved using data and surveys for presidents at similarly situated private colleges and universities. Compensation plans will support the college's mission, strategy, and values. Contemporaneous documentation and recordkeeping is maintained with respect to the deliberations and decisions regarding the president's compensation and benefits arrangements. Any questions on executive compensation are directed to the chair of the board of trustees.”

“The organization's conflict of interest policy and financial statements are available upon request. The governing documents are not available to the public.”

“Other Revenue - Total Revenue: 1930315, Related or Exempt Function Revenue: 1930315, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Contract Services - Total Expense: 5728107, Program Service Expense: 5402028, Management and General Expenses: 235501, Fundraising Expenses: 90578; Consulting Services - Total Expense: 158960, Program Service Expense: 146213, Management and General Expenses: 12705, Fundraising Expenses: 42; Other Professional Services - Total Expense: 136971, Program Service Expense: 100584, Management and General Expenses: 36266, Fundraising Expenses: 121;”

“Loss on annuity obligation - -53581; gain on postretirement obligation - 337803;”