Warner Pacific University

“In any special meeting, the executive committee shall have power to act for the board, unless otherwise limited by laws, the bylaws, the board policy manual, or the board. The executive committee shall act on such matters as require board action prior to the next meeting of the board and shall discharge such other duties as the board may assign. Other than special meetings, the executive committee shall advise the board on matters coming before the board. The executive committee shall not make broad policy decisions relating to the mission of the university, nor is it intended to use the general powers vested in the board, but shall assume financial (fiduciary) responsibility for the university and act on other matters of urgency.”

“Draft 990 is posted to governing body dropbox account with notification to members of ability to review documents for at least 10 days prior to filing.”

“Annually employees and board members are required to complete a conflict-of-interest statement and disclose conflicts as they arise. It is the responsibility of the remaining board members to determine if a conflict has arisen. Disclosure involving an employee should be made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board or duly constituted committee thereof. Disclosure involving trustees should be made in writing and presented to the board chair (or if she or he is the one with the conflict, then to the board vice-chair), who shall bring these matters to the board or a duly constituted committee thereof. The board or a duly constituted committee thereof shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to warner pacific university. The decision of the board, or a duly constituted committee thereof, on these matters will rest in their sole discretion, and their concern must be the welfare of warner pacific university and the advancement of its purpose. If a conflict of interest is found, the conflicting party is barred from discussion and voting on any matters that pertain to the conflict. Disclosures of conflicts are provided in writing and discussion is documented in the board meeting minutes.”

“The annual process for determining compensation of the organization's president includes review and approval by the executive committee, use of comparability data and contemporaneous documentation of the deliberation and decision. The executive committee of the board of trustees reviews the president's salary and sets it. They also determine if a bonus is earned. The review includes a performance evaluation against goals set for the year; the salary increase and performance ratings are based on the achievement of these goals. This process is done in the executive session of the board meeting. Salary increases are based on these goals and achievements, as well as market indicators including comparison against other similar organizations included in the survey conducted by the council for christian colleges & universities. This process was last completed in 2022.”

“The organization makes form 990 and other financial information available to the public upon request.”

“Change in value of annuities -179,835.”

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