Wingate University

“The board calendar transitioned to align with the university's fiscal year (june 1 - may 31). Elections, committee roles/assignments, etc. Now follow the university's fiscal year. We eliminated the executive advisory committee, and rolled those duties into the executive committee. The bylaws allow flexibility to appoint additional standing, special, or ad hoc committees without having to amend the bylaws in the future: "the executive committee may authorize and establish other standing or special committees from time to time, including task forces to consider strategic priorities proposed by the administration or board." the bylaws reflect four (instead of three) full meetings and committee meetings per year, but encourage that some of the meetings be held virtually to offset the additional time commitments. Term limits were adjusted. The previous bylaws had term limits of three (3) consecutive four-year terms, but not term limits for trustees who have been serving since before jan. 1, 2012. For trustees serving since before jan. 1, 2012, the bylaws were amended to allow trustees to finish their current term and have one additional four-year term.”

“The 990 is reviewed by the audit committee prior to submission. The 990 is then provided to the board members and discussed in a meeting of the full board.”

“The conflict of interest policy covers all trustees and key employees. Each person informs wingate of any possible conflict on the form they sign. The conflict of interest policy applies on major contractual arrangements where officers, trustees, or key employees have an interest; total disclosure to decision maker is made. The affected individual recuses him/herself from participating in discussion and voting on the matter.”

“The university was advised by a compensation and benefits outside advisor to review and discuss the results of presidential compensation of a peer group of universities in north and south carolina with those at wingate university. The university and consultant discussed the results and concluded that the compensation for the president was consistent with the peer group, as well as appropriate in the context of market conditions for higher education in the carolinas. On the basis of these findings, the executive committee of the board of trustees approved president's compensation.”

“Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“The organization, in a full transparency posture to reporting, is reporting all benefits in full in column f, part vii and is not applying the $10,000 per item exception for certain benefits.”

“Change in value of split interest agreements 243,657.”

“The audit committee's process of audit evaluation has not changed since prior year.”