Bethany College

“The executive committee consists of the board chairperson, board vice-chairperson, board secretary; college president; and, the chairperson of each of the standing committees of the board; and one at-large member of the board. The chairperson of the board serves as its chairperson. The duties of the executive committee are as follows: (1) transact all business that requires attention between regular meetings of the full board; (2) act for and on behalf of the board between such meetings; (3) report their actions to the members of the board by means of appropriate minutes as speedily as possible; (4) be responsible to the board for all actions taken; (5) support the college president and assess his or her perfonnance; and (6) review the college president's compensation and conditions of employment at least annually.”

“The faculty and student members of the board have one vote on all board-related issues brought in a plenary session of the board, but do not vote and are not present during executive sessions of the board.”

“The college's members are the central states and arkansas-oklahoma synods of the evangelical lutheran church in america.”

“The college's board of directors consists of no fewer than 24, but no more than 28 members, exclusive of the president of the college. The bishops of the central states, arkansas-oklahoma, and rocky mountain synods of the evangelical lutheran church in america, or their designees, are ex-officio members of the board, each having one vote. In addition, one board member represents the division for higher education and schools of the evangelical lutheran church in america, as an ex-officio member of the board, but without vote. The elected membership of the board, each having one vote except as otherwise set forth herein, are comprised as follows: (a) one board member each represent the membership of the central states, arkansas-oklahoma, and rocky mountain synods of the evangelical lutheran church in america. (b) two board members represent the college alumni association. These members may be elected without reference to church affiliation. (c) one board member represents the college faculty. This member may be elected without reference to church affiliation. The college faculty member of the board has one vote on all board-related issues brought in a plenary session of the board, but does not vote and is not present during executive sessions of the board. (d) one board member represents the college students. This member may be elected without reference to church affiliation. The college student member of the board has one vote on all board-related issues brought in a plenary session of the board, but does not vote and is not present during executive sessions of the board. (e) up to 17 board members serve as at-large members. These members may be elected without reference to church affiliation.”

“The audit committee reviews the form 990 and makes a recommendation to the board of directors to approve the filing. The board of directors will then review the form 990 with the president and vp for finance and operations and formally approve the form 990 prior to filing with the irs.”

“The conflict of interest policy covers each member of the board of directors and the trustees of bethany college. If a person covered under the policy has a significant financial interest, either personal or professional, in any transaction involving the college, or being considered by the college, such person shall, as soon as he or she has knowledge of the transaction, take the following actions: fully disclose, in writing, the precise nature of his or her interest in such transaction(s) to those at the college involved with the transaction(s) and to the chairperson of the board of directors, or board of trustees, whichever is appropriate. The board member, trustee or chairperson may request an opinion on the existence of a conflict from the college's general legal counsel. After having disclosed the conflict, the board member or trustee may decide to decline to participate in discussion of the matter as to which a conflict exists. In such instances, the meeting minutes shall reflect such decision of self-recusal or abstention. Notwithstanding the board member's or trustee's decision to participate in discussion of the matter as to which a conflict exists, that board member or trustee shall not vote on the issue. If the board member or trustee does not decline to participate in discussion of the matter as to which a conflict exists, the chairperson shall, prior to consideration of the matter, and in open session, identify the conflict. The individual as to whom a conflict is identified may then participate in open discussion of the matter if a majority of the members authorize such participation by majority vote. If such authorization is given, the individual shall, nonetheless, abstain from voting on the matter. A board member or trustee who recuses himself or herself from participation in discussion of and voting upon a matter shall not be counted toward a quorum for that vote. If a conflict involving the chairperson is at issue, the vice chairperson shall assume the role of the chairperson in addressing the conflict. All proceedings resulting from potential and actual conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”

“The board of directors hires and establishes an employment contract with the president of the college. The initial compensation was determined based on salary surveys of comparable colleges in the geographic region. The employment contract then calls for annual increases "by the same annual percentage increase as approved by the board for the pool of monies budgeted for compensation to bethany's employees other than the college president."”

“Copies of the organization's tax returns and organizational documents are available upon request. The organization's tax returns may also be obtained from www.guidestar.org.”

“The financial statements, conflict of interest policy and governing documents are available upon request.”