Uatx

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

“The form 990 was prepared under the supervision of the cfo and controller. 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.”

“Uatx maintains a comprehensive conflict of interest and commitment policy that applies to all employees, officers, directors, and committee members with financial decision-making authority. The policy requires that all individuals act in the best interests of the university and avoid any situation that compromises - or appears to compromise - that duty. All employees and officers must promptly disclose any relationship, arrangement, or outside interest that may create a real or perceived conflict of interest or commitment, including outside employment, consulting, financial investments, or leadership roles in other organizations. Outside employment or consulting must receive written approval to ensure it does not interfere with institutional duties. Disclosures are submitted to the general counsel and chief financial officer. Board members, principal officers, and committee members with governing responsibilities are required to annually sign a statement affirming that they have received, read, and understand the conflict of interest and commitment policy and agree to comply with it. At the time of signing - and as conflicts arise - individuals must disclose any potential conflicts. When a potential conflict is identified, the interested individual recuses themselves from any related discussion or vote. The remaining disinterested board or committee members review the facts and determine whether a conflict exists. All disclosures, determinations, recusals, and votes are documented in the official meeting minutes. For faculty and staff engaged in sponsored research, uatx follows standards consistent with r1 institutions in texas, requiring disclosure of all significant financial interests related to institutional responsibilities and implementing mitigation plans as necessary.”

“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 2025.”

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

“Uatx offers full scholarships to all students who are awarded admission. During the 2024-25 academic year, two students, each the family member of a different employee, attended the university and received full scholarships consistent with the institition's standard scholarship policy.”

“Other: program service expenses 2,472,059. Management and general expenses 1,915,694. Fundraising expenses 0. Total expenses 4,387,753.”

“The process and oversight for selection of an independent accountant has not changed since the prior year.”

“Uatx 522 congress avenue, suite 300 austin, tx 78701 employer identification number: 87-1925354 for the year ending june 30, 2025 uatx is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”