Chowan University

“TRUSTEES BARRY E. WHITAKER AND GARRY WHITAKER - Family relationship”

“The form 990 was provided to the members of the business affairs committee of the board of trustees for their review and comment before finalizing the return. The finalized copy of the form 990, with names and addresses redacted on schedule b, was made available to the full board of trustees through email, hard copy, or posting on the university website, restricted to trustee use.”

“The university distributes a copy of the conflict of interest policy, as stated in the university's bylaws, to the board of trustees and administrative officers. The trustees are asked annually to sign a form confirming that they have read and understand the university's conflict of interest policy and agree to disclose any activities, interests or relationships that may create a conflict of interest.”

“The president is evaluated annually by the board of trustees in accordance with the bylaws of the university. Upon this review and in alignment with the fiscal constraints of the university and university bylaws, the board recommends the compensation structure for the president moving forward. Any changes to the president's compensation structure must be voted on and ratified by the full board of trustees.”

“The executive committee of the board of trustees meets annually to evaluate the performance of top management officials, including officers and key employees. During this evaluation process, the committee completes questionnaires and ratings of the president in various areas. The committee reviews statistical and comparative salary information provided by the north carolina associations of independent colleges and universities for private higher education management and officers in north carolina. The executive committee then recommends the president's salary for the upcoming fiscal year, subject to approval of the president's contract by the full board of trustees. The committee reviews salary recommendations for the senior administrative staff, which are approved by the board during the budget process.”

“Requests made in person will be made available within five business days. Requests made in writing will be made available within 30 days. Documents are made available for the period of time set forth in 6104(d).”

“FOOD SERVICE - Total Expense: 1537496, Program Service Expense: 1520922, Management and General Expenses: 8474, Fundraising Expenses: 8100; CUSTODIAL SERVICES - Total Expense: 652371, Program Service Expense: 652371, Management and General Expenses: 0, Fundraising Expenses: 0; MARKETING/RECRUITING SERVICES - Total Expense: 655846, Program Service Expense: 579306, Management and General Expenses: 0, Fundraising Expenses: 76540; IT - MA - Total Expense: 462863, Program Service Expense: 0, Management and General Expenses: 462863, Fundraising Expenses: 0; ATHLETIC SUPPORT - Total Expense: 203956, Program Service Expense: 203956, Management and General Expenses: 0, Fundraising Expenses: 0; CREDIT CARD SERVICES - Total Expense: 112696, Program Service Expense: 1095, Management and General Expenses: 111601, Fundraising Expenses: 0; MAINTENANCE CONTRACTS - Total Expense: 107410, Program Service Expense: 107410, Management and General Expenses: 0, Fundraising Expenses: 0; FUNDRAISING SERVICES - Total Expense: 140985, Program Service Expense: 0, Management and General Expenses: 0, Fundraising Expenses: 140985; ACADEMIC & TITLE IX SERVICES - Total Expense: 41410, Program Service Expense: 0, Management and General Expenses: 41410, Fundraising Expenses: 0; HEALTH SERVICES - Total Expense: 38469, Program Service Expense: 38469, Management and General Expenses: 0, Fundraising Expenses: 0; SECURITY SERVICES - Total Expense: 250, Program Service Expense: 0, Management and General Expenses: 250, Fundraising Expenses: 0; MISCELLANEOUS - Total Expense: 52707, Program Service Expense: 47680, Management and General Expenses: 5027, Fundraising Expenses: 0;”

“CHANGE IN SPLIT INTEREST AGREEMENT - -229445; Total - -229445;”

“The business affairs committee assumes responsibility for oversight of the audit of the university's financial statements and selection of an independent auditor.”