Schreiner University

“The executive committee is composed of the chair of the board, the vice chair of the board, the secretary (if a member of the board), and chair of each of the other standing committees. The executive committee shall have full authority to advise with the president, execute orders and/or specific assignments of the board, and to transact such emergency business as in its opinion may demand action between board meetings. The executive committee may consult with the president to coordinate the work of the board, plan all general meetings of the board, maintain the covenant relationship with the synod of the sun, presbyterian church (usa), and perform such other duties as shall be assigned by the chair of the board or the board itself. The executive committee shall act as a nominating committee for the board of trustees. The executive committee shall be responsible for strategic planning and marketing. Any actions of the executive committee shall be reported to the board and shall be included in the official minutes of the board.”

“Bylaws were amended during the fiscal year. Sigificant changes include: -officers of the organization now include vice president for student recruitment, external affairs, and marketing and communication. Prior to the amendment, this single position was held by three different vice presidents vice president for university advancement, vice president for enrollment, and vice president for marketing. -some board committees were re-organized and assigned new names.”

“Form 990 is prepared by the cpa firm from the audited financial statements. The form and all supporting schedules are reviewed by the controller and other officers of the university. The form 990 is then provided to the members of the finance committee via email. Once approved, the return is filed electronically per irs requirements.”

“Schreiner university has a conflict of interest policy that covers members of the board of trustees and a policy that covers all administrators, faculty and staff. Every member of the board of trustees shall execute and deliver to the office of the president annually, on a form to be provided by the university, a certification that he or she has read the conflict of interest policy, understands it, and to the best of his or her knowledge and belief has complied with it fully in the past and will in the future comply fully with it. When it becomes apparent to a trustee that a matter pending before the board gives rise to a conflict of interest, the trustee shall immediately disclose his conflicting interest to the board. He shall thereafter take no part in the deliberations on the matter, and shall refrain from voting thereon. In order to avoid the improper disclosure to the conflicted trustee of sensitive information, he shall, on the request of the chair of the board or a majority vote of the board, absent himself from the board room while the matter is under deliberation. The vice president for administration and finance is responsible for the oversight of the policy over all administrators, faculty and staff. Any employee who has any influence on transactions involving university purchases, contracts, leases, or business matters must disclose the existence of any actual or potential conflict of interest to the vice president of finance and administration as soon as possible through prompt and complete disclosure so that safeguards can be established to protect all parties. Key employees annually, on a form to be provided by the university, a certification that he or she has read the conflict of interest policy, understands it, and to the best of his or her knowledge and belief has complied with it fully in the past and will in the future comply fully with it.”

“The executive assessment and compensation committee is responsible for recommending annually to the board a compensation package for the president that is competitive relative to the university's peer institutions, recognizes performance, and allows the university to retain highly capable presidential leadership. Schreiner university submits salary information based on position job code as part of the participation agreement with college and university professional association - human resources (cupa-hr). To accurately measure a competitive position among comparable institutions, salary benchmarking analysis is reflective of current benchmarking standards from cupa-hr. The values are assessed annually and the analysis is shared with the executive assessment and compensation committee to determine compensation of the president. The committee's recommendations are submitted for review and action by the executive committee by the may meeting, with final action by the board in executive session in may. All proceedings are documented within meeting minutes. Regarding other key employees, the president similarly will conduct annual performance reviews of each of these individuals, and will report annually compensation adjustments for these employees.”

“The conflict of interest policy and the bylaws are available on the university's website. The financial statements are available in the financial services office upon request.”

“Change in value of split interest agreements -419,024. Gain (loss) on beneficial interest in trusts -56,115. Change in value of asset retirement obligations 16,273.”