Tennessee Wesleyan University

“Federal form 990 is presented to the vice president for financial affairs who reviews to make sure numbers are correctly reported. Vp for financial affairs then presents 990 to the finance committee for review. They will then vote for approval. Once approved the 990 is presented to the entire board of trustees for review. Final approval is made by the board before filing of the return.”

“The president's salary is reviewed and approved by the executive committee of the board of trustees. Salary surveys are also utilized in order to provide comparative data for review prior to approval. Officers salaries are suggested by the executive committee of the board of trustees prior to hire date. Once an officer is hired, any salary adjustment is based on merit, performance, or institutional employee compensation pool budget increases. All adjustments after initial hire must be approved by the president.”

“Governing documents, conflict of interest policies, and financial statements are only available upon request by the public.”

“Other grant expenditures: program service expenses 498,133. Management and general expenses 0. Fundraising expenses 0. Total expenses 498,133. Dues and memberships: program service expenses 139,428. Management and general expenses 280,126. Fundraising expenses 7,954. Total expenses 427,508. Uniforms and other supplies: program service expenses 252,679. Management and general expenses 154,284. Fundraising expenses 13,143. Total expenses 420,106. Institutional insurance: program service expenses 323,808. Management and general expenses 54,858. Fundraising expenses 0. Total expenses 378,666. Athletic tournament expenses: program service expenses 201,867. Management and general expenses 67,289. Fundraising expenses 0. Total expenses 269,156. Tuition waiver: program service expenses 152,562. Management and general expenses 105,017. Fundraising expenses 3,320. Total expenses 260,899. Student acct collection expense: program service expenses 0. Management and general expenses 256,447. Fundraising expenses 0. Total expenses 256,447. Institutional assessment: program service expenses 234,144. Management and general expenses 18,216. Fundraising expenses 0. Total expenses 252,360. Student insurance: program service expenses 166,528. Management and general expenses 55,509. Fundraising expenses 0. Total expenses 222,037. Campus safety: program service expenses 158,359. Management and general expenses 47,496. Fundraising expenses 0. Total expenses 205,855. Student activity expense: program service expenses 122,268. Management and general expenses 36,619. Fundraising expenses 0. Total expenses 158,887. Equipment: program service expenses 101,291. Management and general expenses 31,700. Fundraising expenses 0. Total expenses 132,991. Networking expenses: program service expenses 98,510. Management and general expenses 31,706. Fundraising expenses 0. Total expenses 130,216. Copying and printing expense: program service expenses 0. Management and general expenses 86,424. Fundraising expenses 0. Total expenses 86,424. Postage: program service expenses 944. Management and general expenses 56,671. Fundraising expenses 1,628. Total expenses 59,243. Medical supplies: program service expenses 43,052. Management and general expenses 14,351. Fundraising expenses 0. Total expenses 57,403. Commencement expenses: program service expenses 0. Management and general expenses 52,932. Fundraising expenses 0. Total expenses 52,932. Telephone expense: program service expenses 176. Management and general expenses 52,503. Fundraising expenses 17. Total expenses 52,696. Recruitment expense: program service expenses 46,071. Management and general expenses 4,576. Fundraising expenses 0. Total expenses 50,647. Vehicle expenses: program service expenses 24,158. Management and general expenses 5,194. Fundraising expenses 0. Total expenses 29,352. Faculty development: program service expenses 29,297. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,297. Entertainment: program service expenses 1,273. Management and general expenses 585. Fundraising expenses 25,315. Total expenses 27,173. Bank/credit card fees: program service expenses 0. Management and general expenses 21,603. Fundraising expenses 4,203. Total expenses 25,806. Publications-student life: program service expenses 1,103. Management and general expenses 24,229. Fundraising expenses 432. Total expenses 25,764. Cost of accrued vacation: program service expenses 0. Management and general expenses 25,421. Fundraising expenses 0. Total expenses 25,421. Athletic team meals: program service expenses 16,237. Management and general expenses 5,412. Fundraising expenses 0. Total expenses 21,649. Faculty/staff meals: program service expenses 6,401. Management and general expenses 9,017. Fundraising expenses 0. Total expenses 15,418. Homecoming expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 9,767. Total expenses 9,767. Library expenses: program ser”

“Change in value of trusts held by third party 104,323.”

“The oversight process or selection process for the financial audit has not changed from the prior year.”