Bellevue University

“Board member, john nelson, is the chairman and ceo of silverstone group. This company provides insurance related services to a large number of individuals and companies. Some of the organization's directors are employed by companies that do business with silverstone. John kotouc is a board member and the chairman/ceo of american national bank. Other directors may have business relationships with american national bank. Mike lebens and fred hunzeker are both bu board members as well as members of the tenaska board.”

“The finalized form 990 is made available to the university board for review and comment prior to filing with the irs. A formal discussion about significant issues related to the filing is held at the next scheduled meeting after the form is complete.”

“The university's conflict of interest policy and questionnaire require all board members, officers, and key employees to disclose in writing any potential conflicts that may exist in accordance with revised and suggested 990 guidelines. This exercise has been completed and documentation has been obtained for purposes of the university's 2018 form 990 filing. Additionally, the university's board of directors adopted standalone policy statements for whistleblower, document retention and destruction, executive compensation, joint venture, and investments.”

“The organization's board of directors periodically engages an independent third party to compile comparability data (i.e. Data based on the size of the organization's enrollment, program offerings,operating budgets, geographic area, and nonprofit status) and provide a fair market value analysis on an appropriate compensation package to be provided to the president. This information is reviewed by the board of directors and used to establish the president's compensation. Such approval is documented contemporaneously in the board minutes.”

“For establishing the compensation of the organization's other officers and key employees, the board of directors periodically reviews comparability data (i.e. Data based on the size of the organization's enrollment, program offerings, operating budgets, geographic area, and nonprofit status), compiled by independent third parties. This information is reviewed by the board of directors and used to establish fair market value compensation for these employees. The president makes an annual review based on a salary report from aicun.”

“To the extent the organization's governing documents and conflicts of interest policy are subject to federal and state disclosure rules, these documents are made publicly available upon request as applicable law may require.”

“Form 990, part xii, question 2b bellevue university's financial statements are audited by an independent accountant on a consolidated basis with bellevue university foundation.”

“Form 990, part ix, line 24e program service management & fundraising expense general expense expense -------------- --------------- ------------- memberships $106,175 $95,926 $388 supplies 219,208 331,396 9,024 student related exp 52,400 235,298 0 equipment rental & maintenance 511,000 49,504 0 bank & regulatory charges 88,194 120,746 0 postage & shipping 140,785 172,871 7,913 general expense 66,177 92,091 17,420 food service expense 193,789 81,875 7,640 promotional expense 40,350 44,001 3,009 community support 87,633 170,409 0 bad debt expense 23,856 0 0 ----------- ------------ ------------ $1,529,561 $1,394,117 $45,394”