John Brown University

“The Executive Committee shall, between regular Board meetings, be empowered to act as agent of the Board of Trustees in managing the business and affairs of John Brown University and on special matters as set forth in the Bylaws or as the Board shall from time to time designate. Those whom serve on the Board and Executive Committee are: Mrs. Susan Barrett, Mr. Mark Simmons, Mrs. Lee Sale, Mrs. Holly Robason Beitel, Ms. Sharon J. Bell, Dr. Wayne Hardy, Mr. Keith Holmberg, Mr. Mike Kairis, Mr. Alan Lee, Mrs. Ruth Smith, and Mr. Marvin Spees.”

“Form 990 is prepared by an independent CPA firm and is then detail reviewed by both the VP of Finance and Administration and by the audit subcommittee. Copies are provided to all trustees for their review before the return is filed with the IRS.”

“The organization has a written conflict of interest policy. Board members and officers are required to disclose potential conflicts of interest on an annual basis. Any board member or a member of a committee of the board who perceives a possible conflict of interest involving a matter before the board shall identify that interest to the other members of the board, whether or not that interest is both: (1) conflicting and (2) material If the board or committee chairman determines that a material conflict of interest does exist that member shall refrain from any further discussion on that issue except as requested for information by the board or committee and shall abstain from voting, such abstention being noted in the meeting record. A quorum of the board or committee must exist without that member's presence being needed. The chairman shall determine whether it is appropriate to ask the conflicted individual to be absent during discussion.”

“The executive committee of the board reviews, discusses, and approves the proposed salary and benefits for the members of the president's cabinet as submitted by the president. Compensation is benchmarked against national comparison data from the Council for Christian Colleges & Universities (CCCU) and the Colleges and University Professional Association (CUPA). Presidential salary and benefits are also benchmarked with CCCU comparison data, determined, and approved by the executive committee of the board. During this process, the executive committee attempts to maintain an appropriate balance of executive compensation levels compared to other salary levels within the institution. The process followed and decisions reached are documented in the minutes.”

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

“John Brown University provides Christ-centered education that prepares students to honor God and serve others by developing their intellectual, spiritual, and professional lives. JBU serves traditional undergraduate students on its residential campus in Siloam Springs, Arkansas. JBU also offers non-traditional undergraduate degrees through its degree completion program. In addition, the Graduate School at John Brown University serves graduate students.”

“-Continued From Page 2- The JBU Online program offers undergraduate degrees in organizational leadership, business administration, liberal arts, management accounting, and psychology. The Graduate School offers degrees in business, leadership, counseling, visual arts and education. The graduation rate is consistently above 65% and traditional undergraduate retention is above 80%. In addition to major level courses, undergraduates are required to take general education courses that emphasize the integration of intellectual and spiritual development.”

“Actuarial change in value 92,283.”