Texas Lutheran University

“The board of regents of texas lutheran university approved revisions of their bylaws to include article nine, indemnification, in october 2018. This revision was related to the university's relationship with the weston ranch foundation.”

“Texas lutheran university corporation - texas lutheran university is a university of the evangelical lutheran church of america (elca). It is a non-profit corporation of the state of texas. The northern texas-northern louisiana, southwestern texas, and texas-louisiana gulf coast synods of the elca each elect nine members of the corporation. The board of regents also elects nine members of the corporation, and the bishops of the three synods are ex officio members. The corporation, which meets annually on campus, elects the members of the board of regents and has the authority to amend the university's articles of incorporation and bylaws.”

“The vice president of finance reviews the form 990 and emails an electronic copy of the return to the board of regents for their reveiw. The board is given one week to provide comments. At the end of the comment period any requested changes are made and the return is filed.”

“Each year, board members sign a conflict of interest statement. We have such statements signed by every member of the board. If there is a conflict of interest, the board is made aware of this and the board member involved does not speak or vote on those related issues.”

“The process for determining compensation for the organization's ceo, executive director, and top management official include a review and approval by the board of regents. The compensation committee reviews the president's compensation and makes a recommendation to the board of regents. Compensation for other individuals are set at the president's discretion.”

“Three years of 990 is available on website. 990-t is available upon request.”

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

“On december 7, 2018, the university obtained majority voting rights on the board of directors for the weston ranch foundation. As required by generally accepted accounting principles, the weston ranch foundation was considered to be acquired by the university.”

“As a community of learning, the university stresses the liberating potential of the disciplined pursuit of academic excellence within the context of academic freedom. Its faculty and staff seek to engage each student in a process of self-education which will assist him or her in developing as an informed and resourceful person in today's rapidly changing world. It provides an academic program based upon the tradition of the liberal arts and designed to serve a diversified community. As a community of faith, the university celebrates the liberating power of gospel as applied to the whole of human life. The biblical vision of the world as created, judged, redeemed and fulfilled by god in christ is rich in significance for the work and hopes of persons today. It is the unique privilege and responsibility of the christian university to explore these implications freely and boldly. Thus it leads the church to face the challenge of new insights and to formulate fresh means of creative service. As an institution of the church, the university provides an education in the arts and sciences which is given perspective by the christian faith. This function is carried out through an undergraduate curriculum leading to the bachelor's degree, a diverse continuing education program, and a variety of co-curricular programs. The university encourages students to participate in service work tied to reflective discussions about its place in their lives. In working to bring learning and faith into intimate relationship, texas lutheran university is discovering afresh that each can strengthen, clarify and enrich the other. Men and women who live and work in these contexts find their own purposes enlarged and deepened. A compassion born of faith and a competence informed by learning shape the mission of the university in this day. (adopted in 1967; revised in 1979 and 1998).”

“Changes in split-interest agreements 128,916.”

“The financial statements were audited by an independent accountant. The organization does have a committee that is responsible under its governing documents for overseeing the audit of the financial statements and the selection of an independent accountant. This process has not changed from the prior year.”