American University

“Board of trustees the board of trustees consists of 23 members, all of them have voting rights.”

“Form 990 review process form 990 is prepared by the finance office and reviewed by independent tax advisors. Form 990 is reviewed and signed by the chief financial officer. Form 990 is reviewed and approved by the audit committee prior to filing. Access to the form 990 is provided to all board members before the return is filed with the irs.”

“Conflict of interest policy monitoring & enforcement board of trustees members are required to complete an annual conflict of interest statement and submit such statement to the secretary of the board who is also the general counsel for the universty. The secretary reviews those statements for potential conflicts and reports such conflicts to the board chair. The disclosure statement also requires all members to notify the board promptly of an actual, apparent, or potential conflict of interest as it arises, so that it can be addressed immediately and not just once per year.”

“Process for determining compensation the compensation of all officers of the university is reviewed and approved annually by the compensation committee of the board of trustees, and is subsequently approved by the full board. The committee engages third party experts to benchmark compensation for these positions on an annual basis. The compensation of key employees is set by their supervising officer within the constraints of the board of trustees' approved university operating budget. The individuals who determine compensation of the officers are independent persons serving on the board. During the course of deliberations, these persons review third-party comparability data to help them decide what compensation is reasonable.”

“Document disclosure governing documents, conflict of interest policy, and financial statements are available as public information on the university's website.”

“Organization's mission american university's mission is to advance knowledge, foster intellectual curiosty, build community, and empower lives of purpose, service, and leadership.”

“Organization's vision american university is a leading student-centered research university where passionate learners, bold leaders, engaged scholars, innovators, and active citizens unleash the power of collaborative discovery. We partner with key organizations in the washington, dc region, and around the globe to better the human condition, learn from a vast array of experiences and internships, create meaningful change, and address society's current and emerging challenges.”

“Other program services academic support - the university libraries, academic computer services, administrative offices and support for the six academic divisions. Student services - health and counseling, career center, university registrar, financial aid and enrollment services, sports and recreation. Institutional support - information technology, telecommunications, space management, security, mail and transportation services. Research- research and technical assistance projects funded by federal and private agencies. Public service - the operation of wamu 88.5 fm, a 24-hour, 50,000 watt public radio station licensed to the university since 1961. Covid-19 pandemic the outbreak of the covid-19 pandemic has caused domestic and global disruptions in operations for institutions of higher education. The long-term effect to the university of the covid-19 pandemic depends on various factors, including, but not limited to, the effect on student enrollment, the effect on demand for university programs that involve travel or that have international connections, and the long-term effect on financial markets and consequently the returns on and value of the university's investments, which cannot be fully quantified at this time. The university is regularly evaluating its accounting estimates for any potential future impacts of the pandemic. While this evaluation did not result in a material effect to the university's financial statements as of june 30, 2020, future evaluations could result in a material impact to the university of the pandemic in future periods. American university strategic plan in january 2019, american university unveiled a new strategic plan, change makers for a changing world. The plan represents au's commitment to its mission "to advance knowledge, foster intellectual curiosity, build community, and empower lives of purpose, service, and leadership." the university's five-year plan will address the issues facing our community and higher education, while building on our legacy of leadership, scholarship, and service, and boldly embracing opportunities for greater impact. It includes three central themes - scholarship, learning, and community - with nine strategic imperatives to guide au's progress: scholarship: scholarship is central to au's future. We will develop areas of strategic focus that draw on fields where au already excels, where our expertise crosses schools and disciplinary boundaries, and that hold promise for the future. We will establish new ways to support the work of faculty across a range of disciplines. Learning: learning is at the core of au. As we prepare for tomorrow's opportunities, we continue to embrace the highest-quality teaching, while exploring new frontiers of learning and scholarship. We will expand opportunities for lifelong learning experiences that are more flexible, personalized, and accessible. Community: au is an institution deeply rooted in community - locally, nationally, and globally - and when our community grows stronger, so do we. Over the next five years, our strategic efforts will expand and strengthen our ties to communities, both internal and external. Each of the nine strategic imperatives outlined in the plan includes specific actions to be taken in years one and two, followed by areas for exploration in years three, four, and five. The plan also includes four outcomes for monitoring success: improving retention and graduation rates, achieving operational excellence, enhancing au's reputation, and diversifying and growing revenue. American university: partner in our community community service many of au's partnerships with local governments, businesses, and individuals exemplify the university's commitment to public service. Au views itself as a private university with a public responsibility. The university worked with numerous local organizations and participated in myriad community service activities including: community-based learning and research, dc reads, dc”

“Sub-contracts/contractual exp: program service expenses 99,008,088. Management and general expenses 2,113,355. Fundraising expenses 2,192,121. Total expenses 103,313,564. Consulting services: program service expenses 4,702,538. Management and general expenses 100,940. Fundraising expenses 28,009. Total expenses 4,831,487.”

“Loan adjustment -100,000. Investment fees 7,809.”