University of St Thomas

“The Executive Committee shall consist of the Officers of the Board of Directors, the Chair of any standing committee of the Board, the President of the Alumni Board, and the President. At least one member of the Executive Committee other than the President must be a member of the Basilian Fathers. During intervals between meetings of the full Board of Directors, the Executive Committee shall possess and may exercise all the powers and authority of the Board except those requiring an affirmative vote of two-thirds of those present and voting at a Board meeting. If the Executive Committee shall have occasion to act, it shall report its action for ratification at the first meeting of the Board after such action has been taken.”

“The form 990 was reviewed by the university's audit and finance committee prior to its filing with the irs. As there were donors who wished to remain anonymous, schedule b was not provided to the committee nor the board, but the full copy of the form 990 including schedule b was reviewed in detail by the audit and finance committee chair. After taking into account any comments or recommendations of the audit and finance committee, the form 990 is finalized and provided to each member of the board of directors prior to filing.”

“Annual affirmations that conflicts do not exist are required to be made for board members and officers. If any conflicts are noted, they must be sufficiently explained. Board members recuse themselves from voting or participating in discussions regarding topics with which they may be in conflict. Records of the annual affirmations are maintained by the office of the president.”

“In March 2021, a third party consultant specializing in executive compensation, Yaffee & Company, was engaged to conduct a comprehensive review of the University President's compensation based on information as of December 31, 2020. Market information was utilized to analyze the comparability and market competitiveness of the President's compensation. In addition, the University's HR department conducted a salary review using data available through the College and University Personnel Association (CUPA). The information was provided to the Chair and Vice Chair of the Board. There was a salary change enacted based on this analysis for the president and his direct reports.”

“THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE INDIVIDUAL, MARKET CONDITIONS, AND INDUSTRY STANDARDS. THE COMPENSATION LEVEL OF EACH VICE PRESIDENT'S POSITION IS EVALUATED EACH YEAR BY THE HEAD OF HUMAN RESOURCES WITH A MORE FORMAL EVALUATION, UTILIZING A THIRD-PARTY SPECIALIZING IN EXECUTIVE COMPENSATION, COMPLETED AS DEEMED NECESSARY. THE RESULTS ARE PROVIDED TO THE PRESIDENT FOR HIS REVIEW. This process was last undertaken in March 2021. The university uses CUPA (College and University Personnel Association) for compensation data as primary source of market and industry salary information.”

“The organization's articles of incorporation are available upon request to the texas secretary of state. Governing documents, conflicts of interest policy, and financial statements are not made available to the public.”

“Other Income - Total Revenue: 76717, Related or Exempt Function Revenue: 76717, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ including grants of $)(Revenue $ 4,185,099) ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES”

“Change in value of split interest agreement - -25710;”