University of Redlands

“The form 990 is reviewed in detail by university management, general counsel and the audit and risk management committee of the board of trustees. The audit and risk management committee of the board of trustees reviews the form 990 with the independent accountant and accepts the filings. The final copy of the form 990 is distributed to all members of the board of trustees prior to filing with the irs.”

“The conflict of interest policy and questionnaire is annually distributed to all members of the board of trustees and senior administrative personnel to determine related party/conflict of interest disclosures. Questionnaire responses are reviewed by management and the audit and risk management committee of the board of trustees to determine if any potential conflicts exist. For any identified conflicts, the board explicitly requires that the related party enter into a board approved conflict management plan to ensure no conflict of interest is perceived.”

“Executive compensation is established annually by the executive evaluation and compensation committee of the board of trustees. The university utilized an independent compensation firm to complete an executive compensation study. Comparative salary and benefit information was reviewed to establish the appropriate level of executive compensation. Executive compensation was reviewed and approved by the executive evaluation and compensation committee of the board of trustees. Compensation deliberation and decisions were contemporaneously documented by the executive evaluation and compensation committee. The most recently conducted executive compensation study was completed in may 2020 for the president and 13 other executive positions which include the other officers and key employees of the university.”

“The university makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Mission: we welcome, educate, and empower a diverse community of learners for lives of meaning, impact, and joy. Vision: by 2032, the university of redlands will lead california in providing a student-focused, personalized education that drives student success. Values: excellence: we strive to do our best in all that we pursue while empowering our students through scholarship and the skills needed to develop professional, civic, and interpersonal expertise. Exploration: we pursue a better understanding and appreciation of ourselves and the world through academic inquiry, research, experiential learning, and collegial discourse. Inclusivity: we seek the different perspectives, experiences, cultures, backgrounds, abilities, talents, and contributions that comprise a global society and we work to build a strong multi-dimensional, and sustainable community. Justice: we promote fairness, integrity, liberty, and equity in our thoughts, service, and actions to lead our local communities and the world. Kindness: we foster a community that is friendly, considerate, respectful, and empathetic as we care for and shape citizens who understand that their actions and words impact others. Service: through selfless acts, we contribute to the health and wellness of others as we strive to create a better society and world.”

“Change in asset retirement obligations -755,928. Adjustment to presidio expenses -244,816. K-1 ubi not recorded for books -7,636. Net associated student revenue/expenses -190,595.”