Concordia University

“The finance committee has the authority to approve the form 990 on behalf of the full board. There are no other committees with the authority to act on behalf of the board. The chair of the board shall appoint to the committee at least three members and shall designate one member as the chair. A minimum of two members and the chair of the committee shall be members of the board. The president and chief financial officer of cune shall be non-voting members of the committee. The board may, at its discretion, remove, add or replace a member of the committee.”

“Dennis meyer and bonnie meyer have a family and business relationship.”

“Four board members are elected by the lutheran church-missouri synod in convention, four board members are elected by the ne district of the lutheran church-missouri synod in convention, one board member is appointed by the president of the lutheran church-missouri synod, and the president of the ne district of the lutheran church-missouri synod is a board member by virtue of holding that office.”

“As a postsecondary education institution of the lutheran church-missouri synod, the concordia university systems board of higher education may have final approval over some decisions.”

“The finance committee of the board of regents will review and report to the board. All board members are given a link to the 990 online. Schedule b is not shared with the entire board.”

“Each board member is required to review and sign the conflict of interest policy yearly. The conflict of interest forms are shared with the university's general counsel for review and discussed with the foundation president and chair. The executive committee is informed when the review is completed with any conflicts noted. Any member or regent that has a perceived conflict of interest or potential conflict of interest is encouraged not to vote or use their personal influence on the matter, and they should not be counted as part of a quorum for the meeting. The minutes of the meeting should reflect that a disclosure was made, the abstention from voting, and the quorum situation.”

“The personnel committee manages the compensation based on market study for the president, and the president works with the personnel committee to manage the cabinet officers. The personnell committee has direct oversight and requests market comparability information for their review. The last market comparability was completed fall of 2023, with a 5 year trajectory. At the request of the president, it can be updated based on more current data when available. Concordia uses state of nebraska, cupa_hr, gpac, cus and cicn data. This process was last completed in 2023.”

“The university makes governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Change in beneficial interest 261,374.”