The Howard University

“The organization executed a management services agreement with adventist healthcare in february 2020 to bring in a senior leadership team to strengthen the management and day-to-day operations of the hospital. Anita jenkins serves as ceo of the hospital and she is an employee of adventist healthcare. Joe perry, the hospital cfo during the fiscl year covered by this return, was also employed by adventist healthcare. A new adventist hire assumed the responsibilities of the cfo subsequent to year end. The organization executed a management services agreement with adventist healthcare in february 2020 to bring in a senior leadership team to strengthen the management and day-to-day operations of the hospital. Anita jenkins serves as ceo of the hospital and she is an employee of adventist healthcare. Joe perry, the hospital cfo, is also employed by adventist healthcare.”

“A complete draft of the form 990 is posted to the board of trustees portal for review and comments. Upon completion of board of trustees review and comments of the form 990, any required changes are documented and updated to the form 990. The form 990 is then filed with the irs.”

“The university has adopted a code of ethics and conduct. Each trustee officer, and other senior administrative personnel are required to complete a personal disclosure statement on at least an annual basis. Disclosure statements take such form and contain queries to elicit information required under the code of ethics and conduct and are filed with the office of secretary (for trustees) or the chief compliance officer (for all other personnel), the disclosures are shared with the office of compliance the office of general counsel the office of the secretary and are required by the by-laws to be reported to the audit and legal committee. Any disclosure which reveals facts that indicate a duality of interest actual conflict of interest or potential conflict of interest are reviewed and where appropriate a plan is developed and implemented to remedy, manage or minimize such conflict. These plans are monitored and enforced through ongoing oversight coordinated by the university's office of compliance or with respect to any trustee the office of the secretary.”

“Compensation of the ceo executive director or other top management official: the university by-laws authorize the board of trustees' compensation and succession subcommittee to make recommendations to the executive committee regarding the president's annual salary and incentive opportunity compensation, the executive committee is authorized to review and ratify or approve these actions and all of its members are independent, the board of trustees has used quatt and associates, an executive compensation consultant to benchmark the president's compensation with comparable institutions and review the reasonableness of the compensation terms before they are finalized and set forth in the president's employment agreement with the university, in addition the board of trustees conducts an annual performance evaluation of the president which provides the basis upon which any bonus/incentive payments based on achievement of agreed upon goals and objectives are awarded, the process is documented in the board meeting minutes. The bylaws of the university authorize the compensation and succession. Subcommittee to review the president's recommended compensation, bonus/incentive awards titles powers and duties for the officers key employees and other top management officials of the university and to make recommendations to the executive committee for approval regarding such matters. In making its assessments the subcommittee obtains compensation information that includes market data and performance, goals and accomplishments, length of service, and prior salary history in reviewing the reasonableness of the officers' key employees and other top management officials' compensation. The executive committee is authorized to review and ratify or approve such recommendations of the compensation and succession subcommittee.”

“The university was not required to submit form 1023 because it was granted exemption by its establishment as an educational institution by an act of congress in 1867.”

“Public disclosure of governing documents conflicts of interest policy and financial statements: the organization's governing documents conflict of interest policy and financial statements are made available to the public on the organization's website and upon request.”

“Unrealized change in funded status of defined benefit pension plan -1,648,000. Unrealized change in obligation for post retirement benefit plan -1,373,000. Net period benefit cost other than service cost 800,000. Change in funded status of supplemental benefit cost -6,000.”

“The process hasn't been changed from the prior year.”