William Jessup University

“The Restated Articles of Incorporation now include an updated Mission statement and embeds the Statement of Faith that allows for no changes unless unanimously agreed upon by the Board, and a the most important change being to WJUs incorporation from a California nonprofit public benefit corporation to a California nonprofit religious corporation.”

“Form 990 is prepared by an independent CPA firm and reviewed by the organization's top management. The reviewed Form 990, with Schedule B redacted, is then forwarded to the board prior to filing.”

“The board expects of itself and its members ethical and businesslike conduct. Board members must represent unconflicted loyalty to the interests of the entire organization, superseding any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. To ensure the university operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted.”

“The executive relations committee is tasked with the annual performance review and compensation recommendations for the University President. The Board of Trustees shall fix the salary of the President and may fix the salaries of other employees of the Corporation including the other officers. If the Board does not fix the salaries of the other officers, the President shall fix such salaries. The reasonableness of compensation is determined annually using a compensation study for all positions within the University. The board approved compensation is documented in the board minutes upon approval.”

“The Organization's Form 990 is available for public inspection upon request or through guidestar.org. Form 1023 was filed prior to July 15, 1987, therefore it is not required to be made available to the public.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Explanation for not reporting signatory in Part VII: David Punt became CFO after the end of the tax period ending 6/30/14. Accordingly, David Punt is not reported on Form 990, Part VII, during this tax period.”

“The University has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This has not changed since the prior year.”