Texas Wesleyan University

“Process to review form 990: the organization engages an outside accounting firm to prepare form 990. Once prepared, the form is reviewed by university staff. It is then provided to the trustees for comment prior to filing.”

“Process for monitoring and enforcement of conflict of interest policy: annually, the conflict of interest questionnaire is distributed to officers, trustees and key employees for completion. The completed forms are reviewed and any potential conflicts are discussed with the board for action. In addition, trustees are asked to disclose potential conflicts of interest at each board meeting and executive committee meeting.”

“Review of ceo compensation: the university uses national compensation surveys to determine compensation of the ceo. Compensation is then approved by the university's board of trustees. The last review of compensation was conducted in september 2015 by the personnel committee.”

“Availability of documents: governing documents, university policies, and financial statements are not available to the public.”

“Delegation of authority: an executive committee is elected by the board and is able to exercise all the authority of the board in the management of the business and affairs of the university between board meetings.”

“Significant changes to governing documents: the bylaws of texas wesleyan university were amended on 04/17/2015. The composition of the board will now be composed of no more than 46 trustees and the term of each trustee of the board will be 4 years. Trustees may serve three (3) four year terms, and upon completion of these terms, they must rotate off the board for at least one year. Additionally, there are now only 4 standing committees which include: the governance committee, the academic affairs and student life committee, the finance and audit committee, and the advancement committee.”

“Other changes in net assets: change in beneficial interest in trusts $135,317”

“Organization's mission: (cont. From page 1) with professional and career preparation. Our mission at texas wesleyan university is to develop students to their full potential as individuals and as members of the world community. The university is committed to the principles that each student deserves personal attention and that all members of the academic community must have freedom to pursue independent thought and to exercise intellectual curiosity. The university actively seeks and employs faculty and staff with commitment and dedication to teaching, inspiring, and serving students. Texas wesleyan university recognizes its responsibility to the community by providing leadership and talent through programs that enable and enrich society. The university endeavors to create a learning environment where each student is provided an opportunity to pursue individual excellence, to think clearly and creatively, to communicate effectively, and to develop spiritual sensitivity, with a commitment to moral discrimination and action, and with a sense of civic responsibility. Texas wesleyan university strives to develop informed, responsible, and articulate citizens.”