Washington Adventist University

“Dr. Weymouth spence - wau preston hawes - wau president professor employer/employee relationship terry forde - adventist healthcare brendon johnson-adventist healthcar president sr vp employer/employee relationship terry forde- adventist healthcare marta perez- adventist healthcare president sr vp employer/employee relationship”

“Washington adventist university (wau) is a non-stock membership corporation, the members, called the constituency, have the right to elect the wau board of trustees. Members (constituents) have no rights to any of the organization's profits or net assets upon dissolution, nor do they have any rights to receive distributions of income or assets from the organization.”

“The organization is a membership corporation. The membership, which is called the organization's constituency, convenes at regularly scheduled constituency meetings to elect the organization's board of trustees. Regular meetings are every five years, with the last such meeting held may 21, 2021. The constituency is not divided into classes of membership. Vacancies on the board of trustees occuring between regulary scheduled constituency meetings are filled by the board of trustees. The board of trustees directs the business and affairs of the organization by electing officers and performing other tasks normally within the power of a university board of trustees.”

“A draft copy, prepared by an independent cpa, was reviewed by wau administration as well as by wau's outside attorney. After making changes suggested by them, a revised form 990 was prepared by the independent cpa. It was then sent electronically to all voting members of the wau board of trustees. The university attorney presented the form 990 to the entire board of trustees at the regular-scheduled meeting on may 15, 2024, where the board had the opportunity to ask questions, make comments and review it in detail.”

“The executive assistant to the president makes copies of the conflict of interest form and distributes them at the board meeting in september for the current academic year. She keeps a tally of who returns the signed sheets.if the forms are not returned, she emails the form twice. If she doesn't receive something in return, she mails the form to the board members who still need to sign them.”

“The compensation committee reviewed compensation of presidents of private npo schools in maryland using information available on the various micua schools' form 990. The compensation committee also reviewed what other adventist institutions are paying their presidents. Based on our comparisons, the compensation committee decided that 150,000 would be appropriate base pay if we wanted to remain competitive in attracting talent to our university.”

“We include our financial statements on our website. Copies of the 990 public inspection copy are available upon request and are included on guidestar's website as well. All other public inspection copies of governing documents are available upon request.”

“Washington adventist university is a learning community committed to the seventh-day adventist christian vision of excellence and service. This cosmopolitan institution challenges students to seize the opportunities for learning in the nation's capital in order to become moral leaders in communities throughout the world. Founded in 1904, washington adventist university is a residential christian institution offering formal instruction to students of all backgrounds, providing a regular curriculum of undergraduate degrees, graduate degrees, and professional certificates in health sciences and liberal arts in a setting that is academically challenging and christ centered. In the classroom wau students benefit from a low student to faculty ratio and highly qualified faculty committed to every student's success. Wau conferred 13 associates, 131 bachelors, and 35 masters degrees on 179 students, from an enrollment of 671 students (unduplicated headcount)during the fiscal year ended june 30, 2023. The university's 19-acre campus of historical architectural beauty is located in takoma park, maryland, a safe and desirable residential neighborhood bordering washington, dc. This proximity to an important world city distinguishes it from other adventist and christian universities. Outside of the classroom, students can enhance learning through participation in a variety of enriching activities, including world class performing arts groups, opportunities for worship and service outreach, artistic and cultural opportunities, student clubs, and intramural and varsity sports. Student life is characterized by wau's multicultural and spiritual living and learning environment, which fosters the values of service beyond oneself and wellness in body, mind and spirit.”

“Donated services the university receives a significant amount of donated services from unpaid volunteers who assist in fund-raising and special projects. No amounts have been recognized on the statement of activities in the financial statements or because the criteria for recognition under asc 958 -605-25 have not been satisfied.”

“Direct fundraising expense shown on revenue schedule t/r 49,330 loss on abandonment of asset 1,651,665 scholarship discounts shown as net revenue on financial st -6,189,405 direct fundraising expense shown on revenue schedule t/r -49,330 loss on abandonment of assets -1,651,665 scholarship discounts shown on tax return as grants to ind 6,189,405”