Grand Canyon University

“Gcu has a conflict of interest policy and requires all officers and members of the board of trustees to sign the policy annually and disclose any known conflicts. In addition, gcu has a questionnaire specific to the form 990 that these same individuals are asked to fill out and sign. The board of trustees is responsible for reviewing and approving any of the conflicts at the board/officer level. Additionally, there is language in all gcu contracts that requires disclosure of any known conflicts with the supplier named in the contract. If there are any disclosed, gcu makes sure that multiple bids were received and evaluated and then the executive team makes the determination on whether to move forward or not. The procurement department head keeps track of these approved conflicts of interest and audits the activity annually.”

“Grand canyon university used outside consultants to perform an independent compensation study in july of 2019. The study covered all officers of the organization and certain other employees. The university's board of trustees approved the compensation of the organization's top management officials following a review of the compensation study.”

“These documents are available upon request.”

“Brian mueller is also employed by, and receives, compensation for services provided to grand canyon education, inc., an unrelated organization.”

“Grand canyon university ("gcu") has been a tax-exempt, nonprofit institution for most of its 70 year history, beginning in 1949. In 2004 gcu was acquired by grand canyon education, inc. ("gce"), and became a for-profit university. Gcu would operate as a for-profit university until 2018. On july 1, 2018, gcu purchased the university related assets from gce and reverted back to its historical nonprofit status. Gcu once again began operating as a nonprofit university in order to secure the long-term legacy of the university and ensure that its students, faculty and staff have the same access to grants, research opportunities, philanthropic giving and full ncaa participation as other universities. Form 990, part vi, line 6 grand canyon university foundation is the sole member of gcu. Form 990, part vi, line 7a the gcu board of trustees shall consist of the same individuals who are members of the board of directors of grand canyon university foundation, the sole member of the gcu. Form 990, part vi, line 11b the organization retains an independent tax advisor to assist in the preparation and review of its irs form 990. Prior to filing the return, all trustees and officers are provided copies of the form 990 for review. The officers reviewed the completed draft, and after all comments and questions were addressed, the draft was sent to the gcu board of trustees prior to their regularly scheduled board meeting in april. It was discussed at the board meeting and all questions were answered.”

“In connection with the closing of the asset purchase agreement, the university and grand canyon education, inc. ("gce") entered into a long-term master services agreement pursuant to which gce will provide identified technological, counseling, marketing, financial aid processing and other support services to the university for a fee. This is recorded as "education service fees" in our financial statements.”

“Description:education support services fee total fees:xxx-xx-xxxx”

“Description:other outside services total fees:7735209”