Vanguard University of So Cal

“The executive committee shall consist of the chair, who shall serve as the chair of the executive committee; the vice chair; the president; the secretary; the chairs of all other standing committees; the district superintendent of the district council, ex officio; and up to two (2) trustees at large, who shall be elected by the board of trustees, upon nomination by the committee on trustees, and serve for no more than two consecutive two year terms. The executive committee shall have all the power and exercise all of the duties of the board of trustees in the management of the business of the corporation while the board of trustees is not in session, except as specifically limited by the board of trustees. Form 990, part vi, section a, line 1b: family members of 3 board members were enrolled at the university during the 2024 fiscal year and received institutional aid. 2 board members recieved compensation from the university.”

“Membership of vanguard university shall consist of those individuals who serve as the executive presbytery, as defined in the bylaws of the district council of the assemblies of god. The members ratify the mission and amendments or restatements of the university's bylaws. Dissolution, sale, or merger of the university requires two-thirds vote of the members. Upon dissolution any remaining assets of the university shall be distributed to the southern california district council of the assemblies of god, irvine, california if in good standing as a tax exempt 501(c)(3) organization. Otherwise the distributions will be made to the general council of the assemblies of god, springfield missouri.”

“The members shall retain the rights to ratify elections of the university's board of trustees.”

“Any removal of a university board of trustee is subject to ratification by a majority of the members present and voting at a duly called membership meeting. Dissolution, sale, or merger of the university requires two-thirds vote of the members.”

“The review and approval process for the university's tax return, form 990 includes the following: 1. Preparation by management, with the assistance of an independent accounting firm; 2. A detailed review of the public disclosure copy of the form 990 is conducted by the audit committee; 3. A briefing and review of major issues (if any exists) given to the audit committee, prior to approval; 4. Each board member receives a public disclosure copy of the form 990 prior to its filing; 5. Approval by the audit committee is made through a resolution from the audit committee; 6. Briefing, post approval to board of trustees on adherence of process, and any major issues noted by executive committee. 7. The 990 is then filed with the internal revenue service.”

“There is an annual disclosure required by all trustees, corporate officers, foundation board members, key employees as identified by the irs, university faculty, and all benefited employees. Any transactions that could give rise to conflict are reviewed by the appropriate governing body, meaning board of trustees or foundation board. If conflict arises, the person recuses him or herself from discussion and/or vote on the transaction being discussed. This recusal is documented in the meeting minutes. There have been no known incidences in which the individual did not recuse themselves during this reporting period.”

“Compensation is determined for the president by using comparable data and compensation surveys based on like universities, which is reviewed by the executive committee of the board. The process is documented and was last conducted by the executive committee in april 2024. Compensation for all other officers is based on comparable data and compensation surveys reviewed by the president in consultation with the senior director of human resources. This process is documented and was last done in june 2024 through november 2024.”

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

“Change in split-interest investment -70,604.”