Wheeling Jesuit University Inc

“The university shall have a single member which shall be the roman catholic diocese of wheeling-charleston, through its bishop.”

“The member has the right to approve or reject any nominee for a positions on the board of trustees and to remove, for any reason or no reason, members of the board of trustees.”

“The following corporate powers are reserved to the member: a. To approve or reject proposed amendments to the articles of incorporation; b. To adopt, amend, and repeal these bylaws of the corporation; c. To approve or reject the sale of the assets of the corporation, any business combination, merger, acquisition, or change of control of the corporation; i. To approve or reject any borrowing or financing for or by the corporation and to approve or reject the creation of any liens against the corporation or its assets (outside of the ordinary course and not including any liens that arise by operation of law); ii. To approve or reject any plan of dissolution and any plan of distribution upon dissolution; d. To approve or reject the recommended appointment, by the board of trustees, of the president; e. To approve or reject the recommendation of the board of trustees to remove the president, or to recommend to the board of trustees the removal of the president which would then require a majority vote of the board of trustees for the removal of the president; f. To approve or reject any nominee for a positions on the board of trustees and to remove, for any reason or no reason, members of the board of trustees; g. To access any information of the corporation, including but not limited to tax returns and financial information; audits; information related to bonds and other debts of the corporation; insurance information; information related to contracts and obligations, vendor relationships, and credit of any kind extended to the corporation; and information maintained or developed by the corporation's professional consultants; h. To approve legal action taken in the name of or on behalf of the university other than routine legal actions such as collection of outstanding accounts receivable.”

“The form 990 was prepared by a public accounting firm and reviewed in detail by the president. The form 990 was subsequently provided to the board of directors before filing with the irs.”

“The university obtains conflict of interest statements annually from all trustees and board members. It also obtains conflict of interest statements from officers and key employees upon hiring. All employees working in sponsored research sign conflict of interest statement upon hiring.”

“Salary ranges are determined by a comparability study performed by the human resources department. All positions are graded upon respective job descriptions to ensure the respective jobs are properly classified per the university policies. Salaries for officers and key employees are determined and approved by the president and cfo of the university. The salary for the president is approved by the board of directors.”

“A code of ethics statement is posted to the university's website. The code of ethics statement contains verbiage that addresses our position with the appearance of conflict between personal and institutional interests.”

“The university's net assets decreased by $4.3 million for the fiscal year june 30, 2024. In april 2024, the university petitioned the attorney general of the state of west virginia to release restrictions on certain donor restricted endowment funds. The petition was approved in may 2024. The endowment funds were used to pay down the university's internal borrowings and to fund operations. The university has implemented a plan and believes it can reverse the negative trend and continue the rich tradition of educating young men and women for many years to come.”

“Description:contract services & other total fees:4315402”