Wingate University

“The executive committee focuses the board on matters of the greatest importance to the university, plans the agenda for board meetings, coordinates committee activities, advises the president, provides for periodic review and assessment of the president, and reviews the compensation and support of the president. The executive committee ensures that the board discharges its fiduciary duties, exercises board governance, and complies fully with the bylaws. The executive committee exercises all powers and authority of the full board of trustees when the full board of trustees is not in session; provided, however, that the executive committee shall not (a) approve dissolution, merger or the sale, pledge, or transfer of all or substantially all of the university's assets; (b) elect, appoint or remove trustees, or fill vacancies on the board of trustees, or (c) adopt, amend or repeal the articles of incorporation of the university or these bylaws. The executive committee shall keep a full and complete record of all its acts and transactions, and shall report its actions to the full board of trustees at each regular or special meeting thereof.”

“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.”

“In 2024, the university retained a third-party consultant, who is a partner in a higher education professional search firm, to advise the university on comparative packages for university senior leaders. That data was used as a factor in setting compensation for the university's senior leadership team.”

“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.”

“- Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - 1174143; STONEBRIDGE - DISTRIBUTION TO PARENT - -483403; Total - 690740;”

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