Mcmurry University

“The Board will consist of the Bishops of the Northwest Texas and the New Mexico Conferences (or their official designees) assigned to preside over the Conferences (the "Bishops"), The President of the Institution (the "President"), the President of the McMurry University Alumni Association Board of Directors (the "Alumni President"), and those others confirmed by the Conferences at their annual sessions.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The conflict of interest policy is reviewed annually during the fall board meeting. All officers and trustees are required to be familiar with the policy and disclose any possible conflict of interest to the entire board at the earliest practical time. The officer or trustee shall absent themselves from discussions of and abstain from voting on matters in which they may have a possible conflict of interest.”

“The Board of Trustees engaged an independent search consultant when undertaking the hiring of a new President. This consultant was asked to review the compensation package offered to the incoming President. The consultant reviewed the proposed package and compared against the pay rates of other similarly situated colleges and universities prior to extending the offer to the incoming President. In addition, the compensation of officers and key employees is benchmarked against comparable industry data to ensure it is appropriate considering all the relevant facts and circumstances. This benchmarking data is maintained in the records of the Human Resource department.”

“See narrative for Form 990, Part VI, Line 15a”

“The university will make available to any student, faculty member, alumni, or other interested person a copy of the university's governing documents, conflict of interest policy, and financial statements. These documents are available for viewing at the university's campus in abilene, tx.”

“Other Program Revenues - Total Revenue: 211550, Related or Exempt Function Revenue: 211550, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ including grants of $) The University offers athletic programs with a mission to make personal investments in the lives of all scholar-athletes and use the Intercollegiate Athletics experience to develop champions for life. The athletic program core values are responsibility, integrity, service and excellence. The University also offers assistance with student aid, as well as fostering relationships with alumni, which benefit our students.”

“Change in Value Perpetual Trusts - 2951823; Post retirement benefit changes - -171435;”