Texas Wesleyan University

“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.”

“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 disclosed. As a practice, trustees are asked to disclose potential conflicts of interest at each board meeting and executive committee meeting based on their review of the agenda of each meeting. A trustee declaring a conflict recuses himself/herself from consideration and voting on the conflicted agenda item.”

“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 following recommendations of the executive committee. The last review of compensation was conducted on august 30, 2016 by the executive committee. Since the board conducts the review during an executive session, the discussion is not captured in the minutes. Instead, the chair of the board presents any compensation decision to the vice president of finance and administration. The review is filed in the personnel file in human resources.”

“Other Officer and Key Employee Compensation Review: The university retained an AGB search consultant familiar with the region in 2015 to assist in the VP Finance and Administration Search. The consultant used national and regional data including Chronicle of Higher Ed, NACUBO and other University information to recommend compensation. During the VP Finance's performance review, President Slabach uses the above sources for compensation comparisons in addition to the performance review. These factors are balanced with the budget projections to determine compensation. For the review of other Key Employees, the President is the sole authority utilized for deciding the compensation. The reviews are filed in the personnel file in human resources.”

“Availability of documents: governing documents, university policies, and financial statements are made available to the public upon request as well as through various public access points such as the integrated postsecondary education data system (ipeds) and the texas wesleyan university website.”

“Organization's mission or most significant activities: (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.”

“Other changes in net assets: change in beneficial interest in trusts $751,607”