Bellevue University

“Board member, john nelson, is the chairman and former 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. Javier fernandez is a board member and cfo of omaha public power district (oppd). Many board members or their businesses likely receive utility services from oppd.”

“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 2021 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 and marketing data from the council of independent nebraska colleges (cinc).”

“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.”

“Bellevue university's financial statements are audited by an independent accountant on a consolidated basis with bellevue university foundation.”

“All other expenses: program service management & fundraising expense general expense expense -------------- --------------- ------------- athletic expense $368,014 0 0 bank & reg fees 57,943 138,059 55 memberships 121,692 138,128 12,425 supplies 212,716 212,240 2,325 student related exp 45,762 280,731 0 equipment rental & maintenance 334,189 96,670 0 postage & shipping 35,637 27,786 2,585 general expense 60,889 144,195 17,154 food service expense 160,078 75,616 1,201 promotional expense 38,142 185,051 581 printing & publications 29,891 49,454 803 rent expense 7,676 4,443 0 student housing 618,160 79 0 ----------- ------------ ------------ $2,090,789 $1,352,452 $37,129”

“Description:fees for student services total fees:25917190”

“Description:contracted services total fees:2490338”

“Description:other fees total fees:995025”

“Description:consulting fees total fees:669245”