Ottawa University

“An independent accounting firm prepares and reviews the 990. Ottawa university's audit committee, officers, and director of fiscal operations/controller review the 990. A complete copy of the 990 is then distributed to all voting members of the board before it is filed.”

“The conflict of interest policy is monitored on an annual basis. All officers, directors, trustees, and key employees must review the conflict of interest policy and sign it annually. Currently, the human resources department manages the policy and any conflicts that may arise. It is the duty of the audit committee to determine if there is a conflict of interest. If the committee determines a conflict exists, the board members involved in the conflict will dismiss themselves from meetings and/or abstain from voting during discussions of issues that relate to these specific members.”

“The management review committee of ottawa university, which includes the chairman of the board, performs a review of the chief executive officer's (chancellor) compensation annually utilizing resources deemed necessary including comparable market research data and performance metrics. The compensation review and approval process is documented in the committee minutes. The chancellor of the university and the human resources director use comparable data to review compensation for all other officers of the organization as well as key employees when the individuals are hired and on an annual basis.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“Other fees: program service expenses 2,968,774. Management and general expenses 897,278. Fundraising expenses 0. Total expenses 3,866,052. Board charge: program service expenses 4,488,268. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,488,268. Bank service charges: program service expenses 11,759. Management and general expenses 383,982. Fundraising expenses 0. Total expenses 395,741. Payroll processing fees: program service expenses 24,204. Management and general expenses 181,791. Fundraising expenses 0. Total expenses 205,995. Entry fees: program service expenses 185,444. Management and general expenses 555. Fundraising expenses 0. Total expenses 185,999. Food service: program service expenses 141,999. Management and general expenses 25,773. Fundraising expenses 0. Total expenses 167,772. Security services: program service expenses 3,100. Management and general expenses 120,135. Fundraising expenses 0. Total expenses 123,235. Custodial services: program service expenses 30,964. Management and general expenses 14,829. Fundraising expenses 0. Total expenses 45,793. Contract labor services: program service expenses 8,359. Management and general expenses 2,243. Fundraising expenses 0. Total expenses 10,602. Instructor/coordinator: program service expenses 8,145. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,145. Banquets: program service expenses 933. Management and general expenses 360. Fundraising expenses 0. Total expenses 1,293.”

“Change in value of funds held in trust by others -273,043.”

“Process has not changed from prior year.”