Presidio Graduate School

“Dr. Aashish bindra, dr. Gurinder singh, dr. Tanu jindal, and dr. Aseem chauhan have a business relationship with each other.”

“University of redlands, a tax-exempt 501(c)(3) educational institution, is the sole member of presidio graduate school.”

“University of redlands is the sole member of presidio graduate university (pgs) and may elect and appoint any number of the directors to the board of pgs, not to exceed thirteen. One board seat will be filled, ex-officio, by the president of the sole member or their permitted designee.”

“The sole corporate member, university of redlands, must approve all changes to the articles of incorporation and bylaws as well as significant transaction decisions brought to the board of directors including (a) the sale, lease, exchange or other disposition of all or substantially all of the organizations assets; (b) the sale, lease, exchange or other disposition of any asset or group of similar assets of the organization with a combined fair market value in excess of $250,000; (c) the licensing or other transfer of intellectual property (or rights thereto) of the organization for consideration to any other party, except where the licensing or other transfer is "substantially related" to the organization's exempt purpose; and (d) the assumption or creation of any indebtedness or the organization in an amount exceeding $500,000, whether or not in the ordinary course of business.”

“The form 990 was reviewed by key staff at university of redlands and pgs. Prior to filing, the form 990 was distributed to the president and executive committee of university of redlands.”

“The conflict of interest policy requires that all directors with a material financial interest in a transaction must disclose such material financial interest or common directorship to the board via a disclosure form. The board 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. If a conflict is deemed to exist, they must recuse themselves from participating in any consideration or decision related to the transaction. Such disclosure and abstention from a vote will be made part of the record of the board's meetings. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of the organization and the advancement of its purpose.”

“The pgs board reviews comparability data every few years and reviews market pay rates upon hire to determine salary ranges for the ceo, officers, and employees to ensure fair compensation. Base compensation of the ceo and employees as well as any cost of living adjustments or bonuses are subject to approval by the board of directors. All deliberations and decisions for compensation adjustments are documented in the board minutes. A full compensation analysis was last completed in 2019. Base compensation was increased by a consistent percentage for all officers and employees in 2022. The cost of living adjustments that were made were consistent with or less than inflation. The president was awarded a bonus in june 2023 that was approved by the board. The executive director for pgs was hired post change of control, by university of redlands and approved by the pgs board. The salary range and approval by redlands was in accordance with operating procedures.”

“The organization makes available its governing documents, conflict of interest policy and financial statements upon request for the same period of time set forth in sec. 6104(d).”

“Merger transition cost transfer to redlands -522,000.”