Concordia University Texas

“The university does not have any committees that have authority to act on behalf of the governing body.”

“The form 990 is presented for review to the board of regents' finance committee chair, who shares highlights of the form 990 with the other board members as applicable.”

“In the case of a conflict of interest, the organization takes the following steps to resolve a conflict of interest: every board or commission member shall disclose to the chairman of the agency and all staff shall disclose to the chief executive or executive director of the agency any potential conflicts of interest. Each chairman or chief executive or executive director shall disclose personal potential conflicts of interest to the appropriate board or commission. All such disclosures shall be reported to the respective board or commission to determine by a vote of its remaining impartial members whether an inappropriate interest exists, and such vote shall be recorded in its official minutes. In the case of officers, all such disclosures shall be reported to the president to determine whether an inappropriate interest exists. The university requests and verifies that it has a signed conflict of interest statement when an employee is hired. Statements are also collected annually from board members and key employees and receipt is verified. All other employees are notified annually of the conflict of interest policy.”

“During the february meeting, concordia's board of regents does an annual performance appraisal of the president/ceo. The board votes on and approves the applicable raise amount after it reviews the salary amounts against comparable institutions as noted on the cupa survey and other comparable data. Compensation decisions are documented in the commmittee meeting minutes. The president/ceo reviews and determines compensation of other officers and key employees with consultation with the board of regents. Compensation is based on performance and market comparisons and other comparable data. Compensation decisions are documented in the employee personnel files.”

“The form 990 tax return is provided upon request or through the guidestar.org website, which contains financial and governing information. General information is available to the public through the website www.concordia.edu. Additional information may be provided upon written request.”

“Outsourced recruiting and lms mgmt: program service expenses 7,158,233. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,158,233. Professional consulting engagements: program service expenses 0. Management and general expenses 99,548. Fundraising expenses 14,036. Total expenses 113,584. Other temporary work: program service expenses 470,862. Management and general expenses 1,322,814. Fundraising expenses 26,635. Total expenses 1,820,311.”

“Change in value of split interest agreements 27,988. Change in value of beneficial interest in perpetual trusts 597,883. Net (loss) gain on interest rate agreement -1,198,310.”

“The university has not changed its oversight process or selection process during the tax year.”