Calvary Chapel University Inc.

“The Organization amended their governing documents to include a provision that specified the direction of funds to a future non-profit should operations cease.”

“The Organizations top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organizations governing body prior to its filing with the IRS.”

“The Organizations conflict of interest policy is distributed to each member of the Organizations governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The Organization has adopted an executive compensation setting policy applicable to all disqualified persons, including the Organizations CEO, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest ppolicy, and its financial statements.”

“Consultants:Program service expenses $29,664Management and general expenses $0Fundraising expenses $0Total expenses $29,664Stipends for instructors:Program service expenses $25,000Management and general expenses $0Fundraising expenses $0Total expenses $25,000 Dean and director stipends:Program service expenses $37,200Management and general expenses $0Fundraising expenses $0Total expenses $37,200Total fees for services (non-employees) $91,864”