University of Pikeville

“The executive committee of the board is authorized in the bylaws to exercise all the powers of the board in any matters of an emergency nature not inconsistent with the acts and resolutions of the full board and insofar as they do not conflict with the fixed duties and responsibilities of the other standing committees of the board.”

“Once completed, the form 990 is reviewed by the business affairs committee which then recommends approval by the full board. If approval is required between regularly scheduled board meetings, the form 990 is provided electronically to the business affairs committee who then acknowledge acceptance by return email.”

“Prior to consummating a transaction or acting upon a matter involving the possible existence of a duality or conflict of interest, the individual involved shall make a full disclosure of all relevant facts. In the case of the president of the university, such disclosure will be made to the chairman of the board of trustees. Disclosure shall be made to the human resources department by other employees with executive or administrative responsibilities. In addition, such individuals shall periodically report in a similar manner all affiliations, whether as an owner, director, officer, partner, management employee, consultant or other significant relationship involving ownership or governance, with any other for-profit or non-profit entity, (i) from which the university obtains or may be expected to obtain goods or services; (ii) to which the university provides or may be expected to provide goods or services; or (iii) which competes or may be expected to compete in any respect with the university. Any such existing or potential relationship with a subsidiary, joint venture or the like should be disclosed as well. The term "goods or services" includes commercial, industrial, banking and professional services or goods.”

“The executive committee of the board of trustees reviews the performance of the president annually and recommends any changes in his compensation. Typically they review executive compensation studies from sources like the kentucky council on post-secondary education (cpe), cupa-hr and yaffe. The board acts on the recommendations of the executive committee by resolution. Key employees compensation is set upon review of similar studies and approved by the board as a part of the president's recommended annual budget. In addition to the above mentioned studies, the college of osteopathic medicine reviews specific salary studies related to medical education in setting professional compensation. These compensation levels are also approved by the board in approving the annual budget.”

“University of pikeville is a private institution, and as such, the financial statements, governing documents and conflict of interest policy are only made available to university personnel.”

“The university's form 1023 and 990 are available upon request.”

“Located in the heart of central appalachia, the university of pikeville was founded by missionaries to educate the "youth of the mountains." with consecutive record enrollments, the university, or upike, is one of the fastest growing four-year institutions in the south. The college of arts and sciences, the coleman college of business, the kentucky college of osteopathic medicine, and the college of optometry provide educational opportunities to more than 2,000 students from 41 states and 17 countries. Forty-six percent of our undergraduate students are the first in their families to attend college. Almost all receive some form of financial aid. Our 133-year history is built on faith, a commitment to student learning and service to the region. We are an opportunity school, providing a quality, affordable education, mentoring and support to a diverse community of learners. As a campus family, our mission has a special significance. We believe in it. We live it.”

“Annuity liability adjustment -1,870. Change in interest in assets held by others 364,539. New market tax credit gain 1,446,250.”

“The processes for selecting an independent auditor and overseeing the audit have not changed during the tax year.”