Friends University

“The university's bylaws establish an executive committee consisting of nine members, including the chair, vice chair, secretary, and treasurer of the board of trustees, the president of the university, and four at-large trustees. The executive committee shall have authority to act for the board of trustees on all matters except for the following, which shall be reserved for the board: residential selection and termination; board trustee and officer election; changes in institutional mission and purposes; changes to the articles of incorporation; adoption of the annual budget; and conferral of degrees.”

“The compensation and conflicts committee is responsible for reviewing executive compensation and presidential expense accounts. The university annually participates in several nationally recognized compensation surveys with other colleges and universities. Pay for officers and key employees is in alignment with pay at other private universities of similar size and nature. Most recent review was just prior to the february 2022 renewal of the president's contract. New contract is for the term july 1, 2022 - june 30, 2027. All others are reviewed by human resources and the president with the support of third party resources for market data.”

“An independent accounting firm prepares the form 990. The audit/finance committee of the board reviews the form 990 and all required schedules with the exception of schedule b - contributors. Any questions or concerns are addressed and any necessary changes are made. The form 990 and all required schedules, with the exception of schedule b - contributors, is then provided to the entire governing body prior to filing. A public disclosure copy of schedule b is provided to the governing body in order to respect the wishes of contributors who would like to remain anonymous.”

“Conflict of interest forms are provided to board members and key employees in october of every year. A summary is compiled and sent via email to the board chair for review at the next board meeting. The compensation and conflicts committee identifies, on an annual basis, a list of persons having a conflict. All interested persons are informed that they should report any conflict that arises in the interim. If a conflict arises, the person having the conflict shall leave the board or committee meeting while the matter is discussed and be prohibited from voting on the matter. If a board member were found to have a conflict of interest, the issue would be raised to the board chairman by the president. Should the conflict of interest require an executive committee or board vote to resolve, those concerned shall not be present at the time of the vote.”

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

“- Total Revenue: 104514, Related or Exempt Function Revenue: 104514, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 504,150 including grants of $ 3,150)(Revenue $ 285,402) FRIENDSHIP FIELDS IS A POST SECONDARY OPTION FOR SPED STUDENTS THAT ALLOWS ADULTS WITH DISABILITIES TO EXPERIENCE COLLEGE LIFE WHILE ALSO OFFERING FRIENDS UNIVERSITY STUDENTS THE OPPORTUNITY TO WORK WITH SPECIAL NEEDS ADULTS. THE APPRENTICE INSTITUTE PROMOTES HIGHER-LEVEL THINKING, DEEPER CONVERSATION AND A CREATIVE TRACK FOR GROWING CLOSER TO GOD BY PLACING A GREATER EMPHASIS ON SPIRITUALITY, EVANGELISM AND SPIRITUAL FORMATION BY EQUIPPING AND ENCOURAGING PEOPLE TO LIVE GOOD AND BEAUTIFUL LIVES THAT WILL CHANGE THE WORLD AROUND THEM.”

“PURCHASED SERVICES - Total Expense: 7862937, Program Service Expense: 7387416, Management and General Expenses: 449107, Fundraising Expenses: 26414;”