Uatx

“The university adopted its new constitution on june 7, 2023.”

“There are no committees with authority to act on behalf of the governing body.”

“The form 990 was prepared under the supervision of the chief financial officer and the chief of staff by the organization's accounting firm. The completed form was then shared with the officers, senior management and key employees of the organization for review for accuracy. It was then subsequently shared with the board of directors for review and concurrence. After these reviews, the form was filed with the internal revenue service.”

“The conflict of interest policy requires that all directors, principal officers, or members of committees who have the power to influence financial decisions of the organization disclose the existance, or potential existence of any conflicts of interest annually and as they arise. Annually, the board secretary is responsible for ensuring all potential interested parties sign a statement affirming that they have received and understand the policy and will comply. At the time of signing, the parties are required to disclose any potential conflicts of interest. If a conflict arises, it is the responsibility of the remaining board or committee members to determine whether or not a conflict truly exists after the interested person has excused themselves from the meeting. If a conflict is found to exist, the interested party is excused from the meeting during any discussion or voting on the matters related to their conflict and abstains from the discussion and vote. Conflicts of interest are reported in the minutes of the meeting where they are disclosed and voted on.”

“The university president's compensation is set by the board of directors after completion of a salary survey and review for presidents at similarly situated and sized institutions. The salary is calibrated to reflect the expected size and type of university this nonprofit organization is launching. This process and its results are recorded as part of the minutes of the organization and the resulting salary becomes part of the public record when the organization's 990 is filed. Compensation for officers and key employees are periodically reviewed but the board finance committee. The process described here was last completed in 2024.”

“The organization makes it's governing documents and conflict of interest policy available to the public upon request.”

“Consultants & services fees: program service expenses 756,658. Management and general expenses 338,862. Fundraising expenses 64,394. Total expenses 1,159,914.”

“Pledge allowance adjustment 400,005.”