Tn Independent Colleges & Universities

“In 2024, ticua had 34 colleges and universities as members. The association performs work for the sole benefit of the members, the results of which are equally shared by all.”

“Nominations are taken from members for individuals to become a director on the board. The board recommends the slate to the membership whereby ratification is given.”

“The election of members to the board of directors and ratification of amendments to the bylaws have to be approved by members.”

“A draft copy of the 990 will be reviewed by staff and on its acceptance transmitted to the board for review and providing of feedback prior to filing. The finalized 990 is posted to secure website.”

“A conflict of interest form is completed annually by each member of the governing body. A listing of business partners for the covered year is supplied with the form to permit the board to recognize where potential conflicts might arise. If a conflict arises, the executive committee determines the appropriate action to resolve the conflict.”

“President is reviewed and compensation approved by the board; other employees are reviewed with salary recommendation by their supervisor and approval given by the president. Salaries are based on national comparability data derived from organizations of similar members with like positions.”

“AVAILABLE UPON REQUEST.”

“During the year ended december 31, 2024, the association determined that certain assets related to a scholarship fund of the organization had not been included in the financial statements during the year ended december 31, 2023. As a result, the financial statement as of and for the year ended december 31, 2023 has been restated to properly capture those assets.”

“The organization received an audited statement of cash receipts and disbursements - modified cash basis for the years ended december 31, 2024 and 2023.”