Hodges University Inc.

“The university's executive committee consists of no less than three but no more than six members of the board of trustees including one officer that is appointed by the executive committee. The executive committee has the authority of the full board of trustees between meetings with any actions undertaken to be ratified by the full board at the next regularly scheduled meeting.”

“Management will undertake a comprehensive review of the form 990 and its schedules immediately upon its completion, and will address all of its questions and concerns with the preparer. University policy provides for the provision of a copy of the completed return to all members of the governing board in advance of filing. A vote of the full board to approve of the tax return is required prior to filing.”

“All trustees, officers and key employees are required to submit annual disclosure statements. The statements are reviewed by the senior management and the independent auditor to determine if any relationships need to be disclosed in the audited financial statements or the form 990. In case of any potential real or perceived conflict of interest, affiliated persons are expected to disclose the conflict in advance. Once such a disclosure has been made, the chairman of the board of trustees shall determine whether or not there is a potential conflict of interest. If it is determined that there is a potiential conflict of interest, the affiliated person involved shall abstain from voting and shall not participate in the discussion of the matter at issue except to state briefly his or her position in the matter and to answer specific questions. This abstention shall be reflected in the meeting minutes.”

“The compensation committee of the board of trustees determines compensation for the president (ceo), the secretary and the treasurer. The committee considers comparability data among many other factors to determine the appropriate compensation. Minutes are produced at each meeting of the committee and their recommendations must be approved by the full board of trustee. The last review and approval of compensation was done in 2016 for the president, donald wortham and the executive vice president of administrative operations, erica vogt. Key employee carol morrison's salary was set by the president, but reviewed and approved by the compensation committee. This review was done in 2016.”

“The university makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The university created the following new programs: health office administration (associate degree), marketing and professional sales (bachelor degree), master of public administration (graduate degree), master of arts in visual communication (graduate degree), communication and media (bachelor degree) and business informatics (bachelor degree).”

“"the university has ceased the recruitment for it's health services administration (associate degree) as it was renamed health office administration, medical assisting (associate degree), marketing and branding (bachelor degree) as it was renamed marketing and professional sales, information systems business analyst (bachelor degree) as it was renamed business informatics and digital media and communication (bachelor degree) as it was renamed communication and media. The current enrolled students will be taught through their graduation. No further students will be recruited or enrolled in these programs."”

“Bad debt write-off -323,865.”