Texas Christian University

“Brenda cline & kimbell fortson wynne - business relationship, mark johnson, bryan king, and luther king - business relationship, g. Malcolm louden and f. Howard walsh, jr. - business relationship”

“The board of trustees approved amended and restated bylaws of texas christian university at its november 8, 2013 meeting. The amendment updated the bylaws regarding four-year terms for trustees and to specify that a trustee's service on the board shall end on the may 31 following the trustee attaining the age of 75 years, provided that the provision shall not apply to any trustee who has attained the age of 70 years as of november 8, 2013 or to emeritus members or honorary members. The board approved amended bylaws at its april 11, 2014 meeting that became effective upon amendment of the university's certificate of formation at the board's november 7, 2014 meeting. The purpose of the amendment was to specify the number of board members who must be members in good standing of the christian church (disciples of christ).”

“Form 990 is reviewed internally by tcu's financial management, including the university's chief financial officer, before being presented to the university's audit committee for review. Tcu management provides specific disclosures relating to individual trustees, officers, key employees, and highly compensated employees to the affected individuals for their review. The university's audit committee and chancellor review form 990 before it is distributed to all other trustees. After review at its spring meeting, the audit committee authorizes the online distribution of form 990 to all trustees prior to filing with the irs. The form 990 review process by the audit committee and distribution to all trustees has been formally incorporated into tcu's audit committee charter.”

“Tcu has written conflict of interest policies for all employees as well as for trustees. Officers, trustees, and key employees receive a written copy of the conflict of interest policy on an annual basis, along with a list of the names of other officers, trustees, and key employees. They also receive a conflict of interest statement that must be completed and signed, and returned to the chancellor. The statement requires each individual to disclose whether they have any conflicts of interest and to describe the nature of any such conflicts. The statement also requires the individual to disclose family relationships and business relationships with tcu as well as with other officers, trustees, or key employees. The chancellor's office follows up to ensure that a signed conflict of interest statement is received from each affected individual. The chancellor and the chair of the board of trustees review each statement. Any potential conflicts are also reviewed with tcu's legal counsel and follow up undertaken as needed to address any identified concerns. The statements are also provided to the finance department for review and for form 990 disclosure purposes. With respect to specific transactions involving an existing or potential conflict of interest, the policy requires disclosure to be made at the earliest possible time and annually after that. In accordance with the policy, trustees or officers cannot vote on, nor participate in discussing, any matter in which they have a conflict of interest, except to provide information. The conflict of interest policy for tcu employees is included in tcu's code of conduct and is available on tcu's human resources website, in addition to the related conflict of interest disclosure form. In accordance with the conflict of interest policy, employees must disclose potential conflicts of interest as soon as possible after they realize that a conflict or potential conflict may have arisen. The disclosure must detail the potential or real conflict of interest and explain how the conflict will be managed, reduced, or eliminated. Conflict of interest disclosure forms for employees are submitted to the office of the chief financial officer and are reviewed by tcu's financial management. If a conflict or potential conflict of interest is reported and allowed to exist under the review of the finance office, it is required that the conflict or potential conflict be reconsidered annually until it is resolved.”

“Tcu's whistleblower policy is included in its written code of conduct policy. That policy addresses how to report suspected violations or concerns, including identification of staff members and outside parties to whom such information can be reported, as well as disciplinary action for acts of retaliation. The code of conduct policy has been adopted by the governing board of the university as the university's whistleblower policy.”

“Tcu has established the following procedure for determining executive compensation for the chancellor and to assure that the compensation meets the rebuttable presumption of reasonableness standard. Tcu's human resources department annually reviews data from one national salary survey and provides annual salary survey compensation and benefits data to the executive compensation subcommittee of the executive committee for use in determining the chancellor's salary. The human resources department also reviews 990 data submitted to the irs from other private universities to review annual salary information as well as deferred compensation and benefits data. In accordance with the executive committee charter of the board of trustees, the chair of the board appoints a subcommittee of the executive committee of the board annually to evaluate performance and to assure that compensation for the chancellor is reasonable and that adequate documentation is maintained for supporting the reasonableness of compensation paid. The chair of the board serves as the chair of the subcommittee. The subcommittee's charge includes reviewing the chancellor's self-evaluation, reviewing any other materials submitted by the chancellor as part of the evaluation, considering any specific requests put forth by the chancellor, and reviewing the compensation parameters currently applied to the chancellor. The subcommittee meets with the chancellor to discuss performance and the chair of the subcommittee/board subsequently advises the secretary of the board of the subcommittee's salary and benefits recommendation for the chancellor for the coming academic year. The recommendation of compensation includes consideration of performance as well as current market compensation data to ensure the reasonableness of the recommended compensation. The board secretary prepares a letter of instruction to the vice chancellor of finance and administration to implement the subcommittee's salary and benefits recommendation for the following fiscal year. The letter is signed by the chair of the subcommittee/board, who informs the chancellor of the outcomes of the subcommittee's conclusions. The chair of the board presents the subcommittee's final evaluation of the chancellor's performance and compensation recommendation to the executive committee of the board in an executive session at the next scheduled meeting. The chair of the board advises the full board at the next scheduled meeting that the evaluation process was conducted and completed as set forth in the executive committee charter. This process was last undertaken for the chancellor's compensation in 2014.”

“Tcu has established the following procedures for determining executive compensation for other officers and key employees. In accordance with the executive committee charter of the board of trustees, the chancellor is responsible for performing annual evaluations and setting salaries for senior administrative officers, subject to limitations set in the budget approved by the full board. The chancellor provides a summary of the annual evaluations and salary determinations to the executive committee during a scheduled meeting and cites reliable and independent comparability data upon which salary determinations are based. The chancellor maintains relevant documentation used for salary determinations. To facilitate the chancellor's responsibilities, tcu's human resources department annually reviews two sources of salary survey data for salary comparison purposes with tcu's executive level positions. Each spring when the new survey data is released, tcu's human resources department reviews the data and summarizes the results into a report identifying salary information for the following positions: chancellor, vice chancellors, deans, key employees, and unit heads whose jobs can be matched to survey data. Each year the supervising administrator meets with subordinates and evaluates their performance. This evaluation becomes the basis for determining the amount of the merit increase to be awarded using the salary survey summary of data as a guideline for making this decision. This process was last undertaken for officers and other senior employees in 2014. The vice chancellor of finance is responsible for performing the annual evaluation and setting salaries for the chief investment officer and the alternative assets senior manager, subject to limitations set in the budget approved by the full board. The vice chancellor provides a summary of the annual evaluations and salary determinations to the investment committee of the board of trustees during a scheduled meeting and cites reliable and independent comparability data upon which salary determinations are based. The vice chancellor maintains relevant documentation used for salary determinations. To facilitate the vice chancellor's responsibilities, the human resources department annually reviews two sources of salary data for salary comparison purposes with tcu's executive level investment staff. The human resources department also annually uses a calculation that includes a quantitative and qualitative analysis based on the performance of the endowment. The human resources department reviews the data and summarizes the results into a report indentifying salary information for chief investment officer and the alternative assets senior manager. This report becomes the basis for determining the amount of merit increases to be awarded. This process was last undertaken for the chief investment officer and the alternative assets senior manager in 2014.”

“Tcu does not make its governing documents available to the public. Tcu makes its financial statements available to the public upon request. Tcu's conflict of interest policy is included in tcu's code of conduct and is available to the public via tcu's human resources website.”

“"instruction and financial aid:" tcu provides instruction for approximately 9,925 students. Tcu is a diverse learning community offering over 110 undergraduate majors and graduate education in more than 80 programs, ranging from theoretical to applied, with academic and professional programs offered across more than 40 disciplines/departments. Tcu is recognized as a pioneer in higher education; tcu was the first university to offer undergraduate degrees in electronic business, international communication, and ballet. Eighty-four percent of our professors hold the highest degrees in their fields and equally important, they care about undergraduate education. Tcu rolls across some 275 picturesque tree-lined acres. Students benefit from the strengths and resources of larger institutions but in a small college environment. They can choose from many undergraduate areas of study, participate in innovative programs such as entrepreneurship and nurse anesthesia, and take part in service learning. Their professors are leaders in their fields, and academics are rigorous. A global perspective permeates tcu, and students have numerous opportunities to study abroad. With a 13.2:1 student/faculty ratio, tcu demonstrates commitment to highly personalized education and a teacher-scholar model that results in close, mentoring relationships. Tcu fosters discovery, creativity, and leadership. It's a culture that enables the search for meaning and success. Tcu is committed to creating a campus environment that supports and promotes superior research, premier creative activities, and innovative scholarly pursuits. The mission of the addran college of liberal arts is to advance life-long learning and discovery in the humanities, modern languages, and social sciences to enhance our environment, improve the human condition, and develop ethical leaders. Professional and pre-professional curricula are delivered through 10 academic departments and interdisciplinary initiatives including the institute for urban living and innovation and the institute for critical and creative expression - new media writing laboratory. The neeley school of business has been nationally ranked in several outlets, including 27th by bloomberg businessweek in its recent ranking of best undergraduate business programs, with the 6th best in entrepreneurship, and by the economist as the 38th best us mba program and 21st best global executive mba program. Tcu's accounting graduates regularly have the #1 cpa exam pass rate in texas. The supply chain program was ranked 13th by gartner for its undergraduate program. The entrepreneurship program has also been recognized as the national model undergraduate entrepreneurship program by the united states association for small business and entrepreneurship. The college of education prepares teachers for both elementary and secondary schools, as well as educational leadership and counseling. The teacher preparation program has been recognized for exemplary, culturally responsive teacher preparation by the texas education agency, the american association of colleges for teacher education (aacte) and the southern poverty law center. The early childhood program received the 2015 aacte best practice award in support of multicultural education and diversity and the international reading association certificate of distinction for outstanding preparation of future reading teachers. The college boasts a near 100 percent teacher placement rate and near 100 percent pass rate on state certification exams. It has concentrations in bilingual and esl education, special education, mathematics, and science education. Tcu is the only university in the nation with two on-campus special education laboratory schools, starpoint and kinderfrogs school. The john v. Roach honors college offers students an educational experience of the finest quality, as well as unparalleled opportunities for intellectual and personal growth. The college provides a selection of opp”

“Texas christian university operates auxiliary activities that exist to furnish goods or services to students, faculty, and staff, and that charge a fee directly related to, although not necessarily equal to, the cost of the goods or services. Auxiliary activities at texas christian university consist primarily of residence halls, dining services, intercollegiate athletics, the university bookstore, the executive masters of business administration program at the neeley school of business, the laboratory school for learning disabled students, early childhood education programs, and music preparatory programs. Texas christian university is primarily a residential campus, with almost one half of the undergraduate population living on campus.”

“Texas christian university offers student services in which the primary purpose is to contribute to the student's emotional and physical well-being and to his or her intellectual, cultural, and social development outside the context of the formal instruction program. Student services consists primarily of the health and counseling center, office of admissions, registrar, student development services, career center, campus life, campus recreation, campus ministry, student government, student activities, community involvement, intercultural and outreach services, i.d. Card office, and orientation.”

“All other program services includes research and academic support. Research consists of expenditures for research and development activities that are funded by grants or contracts from federal, state or local governments, foundations or other outside parties. Academic support consists of the operation of the university's central library system, writing center, instructional and academic services, academic affairs, and the operation of technology resources for the campus community. The central library system offers students and faculty access to over 2 million books and audio-visual materials, and a number of collections.”

“Capitalized salaries - 165410; post retirement benefit actuarial change - -1461682; other adjustment - 1443; rounding - -1;”

“OTHER=HORSES :”