Atlantic University Inc

“Ramon c barquin torres president”

“The review of form 990 is conducted by the management of the organization”

“As per our newly adopted corporate bylaws, prexisting corporate bylaws and our conflict of interest policy in place since 2015, any trustee and officer has a fiduciary duty to annually submit a signed disclosure questionnaire and statement that is safeguarded by the board secretary or executive secretary. Those trustees or officers have the same responsibility to divulge any conflict of interest in regular or special sessions of the board amd abstain from participating in any determination that concerns the conflict. The conflict of interest obligation applies to directors and other university personnel via their respective employment contracts, employee or faculty manuals, or other institucional policies.”

“Compensation determination process the compensation of the organization's ceo, executive director, officers, and key employees is determined through a structured process that includes the following: 1. Review and approval by independent persons - compensation decisions are reviewed and approved by individuals who are independent and have no conflict of interest with respect to the compensation arrangement. This typically includes the organization's board of directors or a designated compensation committee composed entirely of independent members. 2. Use of comparability data - the organization obtains and considers comparability data to assess the reasonableness of compensation levels. An independent compensation study is conducted by hewitt associates, an aon company, which analyzes data from similarly situated organizations, considering factors such as budget size, geographic location, industry sector, and executive responsibilities. The organization also uses industry compensation surveys and other publicly available data from comparable nonprofit organizations to support the analysis. 3. Contemporaneous substantiation of the deliberation and decision - the process is contemporaneously documented in board or committee meeting minutes. The documentation includes the comparability data used, the basis for the determination, and the identity of the decision-makers. All records are retained as part of the organization's official records to ensure compliance with irs guidelines and transparency standards. His process is designed to ensure that all compensation decisions are fair, competitive, and consistent with the organization's charitable mission and regulatory obligations.”

“Compensation determination policy adopted by the board of trustees applicable to the president, officers, and key executives purpose this policy ensures that the compensation of the president of atlantic university, as well as other officers and key executives, is determined in a manner that is objective, transparent, and compliant with applicable irs regulations and best practices for nonprofit institutions. Scope this policy applies to the university president, executive officers, and key employees as designated by the board of trustees and in accordance with irs definitions under section 4958. Policy guidelines 1. Independent review and approval - compensation decisions shall be reviewed and approved by independent members of the board of trustees or a duly authorized compensation committee. All individuals involved in the approval process shall be free of any conflict of interest with respect to the compensation being determined. 2. Use of comparability data and industry benchmarks - atlantic university shall rely on objective, third-party data to assess the reasonableness of proposed compensation. This includes: -an independent compensation study conducted by hewitt associates, an aon company -benchmarking against compensation levels at similarly situated academic institutions, considering institutional size, mission, geographic region, and scope of responsibility -publicly available compensation surveys and form 990 filings from peer institutions in higher education 3. Contemporaneous documentation - all decisions regarding compensation shall be contemporaneously documented in meeting minutes or board resolutions. The documentation will include: -sources and types of comparability data considered -the rationale for the decision -names of individuals participating in the review and approval -confirmation that no individual with a conflict of interest was involved in the deliberation 4. These records shall be retained in accordance with atlantic university's document retention policy and made available for audit or review as required. Review and amendment this policy shall be reviewed at least once every three years or as otherwise determined by the board of trustees, and may be amended by majority vote of the board.”

“The university governing documents, conflict of interest policy and form 990 are availabe upon request at the university's administrative office”