William Peace University

“The board can delegate certain decisions to the executive committee as it considers appropriate. The executive committee is comprised of members of the board only. The chairman of the board serves as chairman of the executive committee.”

“Billie redmond serves as a member of the william peace university board of trustees. She is the founder and owner of trademark properties. Trademark properties was responsible for the property management on behalf of seaboard station llc, owner of the seaboard retail shopping center, until it was sold in december of 2018. Ms. Redmond serves as the university's real estate broker and advisor.”

“The irs form 990 is required to be reviewed by the university board of trustees each year before being filed. A draft version of the form 990 is reviewed first by the assistant controller, controller, and the cfo & vice president for administration. The cfo & vice president for administration is responsible for submitting the draft version of the form 990 to members of the business operations committee of the board of trustees of the university. Committee members are requested to review the form 990 return and submit questions and/or other feedback to the administration. The full board reviews the form 990 on a high level prior to it being filed. The assistant controller coordinates with the university's tax preparers for filing after the review period.”

“All board members receive a conflict of interest form annually where they disclose any relationships, they have with parties related to the university. All relationships noted are reviewed for appropriateness and further action is taken if necessary.”

“The university obtained the services of a reputable law firm to review the reasonableness of the president's compensation and render their opinion. Their work included reviewing the employment agreement between the university and the president, bylaws, minutes, related irs code sections, and related tax cases dealing with compensation. They also compared the salary to the current president's former salary and to the former president's salary. They rendered an opinion that the compensation is reasonable defined by the code, treasury regulations, and relevant judicial decisions. For other key members of management, the human resources office uses comparability studies to determine reasonable salary levels. The president approves the salary before offers are made.”

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

“The william peace university mission is to prepare students for careers in the organizations of tomorrow. Rooted in the liberal arts tradition, the student develops an appreciation for life-long learning, a focus on meaningful careers, and skills for ethical citizenship.”

“Nonoperating gain bpit (980,662) changes in split interest agreements (112,767) total to part xi, line 9 (1,093,429)”

“Oversight of the audited financial statements: there has been no change in the process.”