Baptist University of the Americas

“Baptist general convention of texas (bgct) elects the members of the board of trustees.”

“It is the policy of baptist university of the americas that the finance committee will be responsible for the initial review of internal revenue service form 990 that is to be filed on behalf of the organization. Upon approval of the finance committee, the form 990 shall be presented to the board of trustees along with a recommendation from the finance committee chair for board approval of the form 990 for filing with the irs. A board resolution is not required in order for the form 990 to be filed, provided that the boards approval of the form 990 for filing is in accordance with the requirements for action by the board and is otherwise recorded in the minutes of the organization. Trustees may receive the form 990 as hard copies (mailed or hand-delivered) or electronic files (sent via e-mail).”

“Each trustee, principal officer, and member of a committee with governing board delegated powers shall annually sign a conflict of interest disclosure statement. To ensure the school operates in a manner consistent with its purpose and does not engage in activities that could jeopardise its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimun, include the following subjects (a) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining (b) whether management conform to the school's written policies and arrangements with management are properly recorded and do not result in personal inurement.”

“(1)the compensation of an indivdual employed in a position of executive, officer or key employee is reviewed and approved by the board of trustees or its designated committee. Persons with conflicts of interest with respect to the compensation arrangement at issue shall not be involved in the compensation review and approval process (2)the review and approval of compensation of the individual employed in the position of executive, officer or key employee shall be based upon data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated oranizations (3)there shall be contemporaneous documentation and recordkeeping with respect to the review and approval of compensation paid to indivuals employed in positions of executive, officer or key employee”

“From 990 is available upon request.”

“Governing documents, policies, and financial statements are made available on request.”

“Bua did not change its oversight process or selection process during the year”