Texas Wesleyan University

“Delegation of authority: in compliance with the university bylaws, 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 were amended april 2022 to update the composition of the board in section 2.02(b). The prior version required certain board members to represent specific conferences of the united methodist church. In light of the uncertainty regarding the final structure of the united methodist church and related entities, the current version broadens the affiliation of the board members to those representing the wesleyan tradition, rather than just the united methodist church.”

“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 top management official compensation: the university uses national compensation surveys to determine compensation of the president. Compensation is then approved by the university's board of trustees following recommendations of the executive committee. The review of compensation is conducted annually by the executive committee. The chair of the board presents any compensation decision to the vice president of finance and administration. The review is documented in the executive committee's meeting minutes and filed in human resources.”

“Review of other officer and key employee 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. The president uses comparison data with research supplied by national sources and supplemented by 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 post secondary 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 $(1,384,964)”