The Open University

“Form 990, part iii, line 1 the open university's mission is to be open to people, places, methods and ideas. People: making university study available to a large and diverse body of students, and providing learning opportunities that meet individuals' lifelong needs. Places: providing learning opportunities in the home, workplace and community throughout the united kingdom and selectively elsewhere, and serving an increasingly mobile population. Methods: using and developing the most effective media and technologies for learning, teaching and assessment, whilst attaching central importance to the personal academic support given to students, and working collaboratively with others to extend and enrich lifelong learning. Ideas: developing a vibrant academic community that reflects and supports the diversity of intellectual interests of all students and staff, and that is dedicated to the advancement and sharing of knowledge through research and scholarship. Program service form 990, part iii, line 4a the charitable aims of the open university are set out in its royal charter: "...the advancement and dissemination of learning and knowledge by teaching and research by a diversity of means such as broadcasting and technological devices appropriate to higher education, by correspondence tuition, residential courses and seminars and in other relevant ways, and to provide education of university and professional standards for its students and to promote the educational well-being of the community generally". This falls within the charities act 2011 charitable purposes of the advancement of education. The university operates throughout the united kingdom and in over 100 countries globally. The main beneficiaries are its undergraduate and postgraduate students and the recipients of its research, much of which is freely available to the general public, the benefits can be summarised in two strands: research: the results of the vast majority of the research carried out by the university are published in the public domain and are freely available to all through open research online - the university's open access repository of research publications and other research outputs. Learning: in 2019/20 the university registered a total of 175,719 students, which comprised 136,641 directly taught and 39,078 validated students. As in the previous years, the university ranks highly in student satisfaction. A significant amount of learning material is made freely available through the internet using websites such as the open university itunes u service, 'youtube', and the university's 'openlearn' resource. The university is a fee charging charity and has significant presence in all four of the united kingdom nations. The majority of its undergraduate students study part-time and tuition fees are subject to statutory regulation though fees for study with the university are set lower than the regulatory cap. Our students in england are liable for 2019/20, tuition fees of 6,024 ($7,590) per full time equivalent (fte), equating to 18,072 ($22,770) for an undergraduate degree, whilst our students in scotland, wales and northern ireland are liable for tuition fees of 2,016 ($2,540) per fte, or 6,048 ($7,620) to complete an undergraduate degree. Other uk universities charge higher fees to overseas students who study in the uk, whereas the university teaches overseas students in the countries in which they are residents, either directly or in partnership with a range of educational and commercial organisations, at fee levels that are similar to england. Individuals employed in 2019 form 990, part i, line 5 and form 990, part v, line 2a the open university has no employees in the united states and does not file a form w-3. From 990-t filing form 990, part v, line 3b the university does not file a form 990-t to report unrelated business taxable income because none of the unrelated business taxable income is effectively connected with the conduct of a trade or”

“FORM 990, PART VI, LINE 15B REMUNERATION COMMITTEE TERMS OF REFERENCE IN DISCHARGING ITS TERMS OF REFERENCE THE COMMITTEE WILL APPLY EQUAL OPPORTUNITIES PRINCIPLES AND OPERATE WITHIN THE UNIVERSITY'S EQUAL OPPORTUNITIES POLICIES. THE VICE-CHANCELLOR, THE PRO-VICE-CHANCELLORS, THE UNIVERSITY SECRETARY: 1. TO DETERMINE THE REMUNERATION AND TERMS AND CONDITIONS OF SERVICE OF THE VICE-CHANCELLOR 2. TO DETERMINE THE SALARY OF THE UNIVERSITY SECRETARY ON APPOINTMENT AND MODIFICATIONS, IF ANY, TO THE NORMAL TERMS AND CONDITIONS OF SERVICE FOR ACADEMIC-RELATED STAFF. 3. TO CONSIDER AND TO DETERMINE ANNUALLY, OR AS MAY BE REQUIRED FROM TIME TO TIME IN PARTICULAR INSTANCES, MERIT AWARDS TO AND DISCRETIONARY INCREASES IN THE SALARIES OF THE VICE-CHANCELLOR, THE UNIVERSITY SECRETARY AND THE PRO-VICE-CHANCELLORS AND MEMBERS OF THE VICE-CHANCELLOR'S EXECUTIVE. 4. TO CONSIDER AND TO DETERMINE MATTERS RELATING TO THE EARLY RETIREMENT, VOLUNTARY SEVERANCE OR OTHER SPECIAL TERMINATION ARRANGEMENTS OF THE VICE-CHANCELLOR, THE UNIVERSITY SECRETARY AND THE PRO-VICE-CHANCELLORS AND MEMBERS OF THE VICE-CHANCELLOR'S EXECUTIVE. HEADS OF UNIT: 5. TO CONSIDER AND TO DETERMINE ANNUALLY, OR AS MAY BE REQUIRED FROM TIME TO TIME IN PARTICULAR INSTANCES, MERIT AWARDS TO AND DISCRETIONARY INCREASES IN THE SALARY OF INDIVIDUAL MEMBERS OF STAFF IN PROFESSORIAL OR EQUIVALENT GRADES AT HEAD OF UNIT LEVEL. ALL OTHER STAFF ON PROFESSORIAL OR EQUIVALENT GRADES: 6. TO RECEIVE AN ANNUAL REPORT ON THE SALARIES ON APPOINTMENT AND ON MERIT AWARDS AND DISCRETIONARY INCREASES IN SALARY OF INDIVIDUAL MEMBERS OF STAFF IN PROFESSORIAL OR EQUIVALENT GRADES BELOW HEAD OF UNIT. 7. TO REVIEW AND APPROVE ANNUALLY POLICY ON MERIT AWARDS AND DISCRETIONARY INCREASES IN SALARIES FOR PROFESSORIAL AND EQUIVALENT STAFF. 8. TO RECEIVE AN ANNUAL REPORT ON THE TRAVEL AND SUBSISTENCE EXPENDITURE OF MEMBERS OF THE EXECUTIVE. 9. TO REPORT ANNUALLY TO THE COUNCIL ON ALL SENIOR STAFF. MEMBERSHIP: 1. AN EXTERNAL CO-OPTED MEMBER, WHO MAY OR MAY NOT BE A MEMBER OF THE COUNCIL, WITH THE APPROPRIATE EXPERTISE, APPOINTED BY THE COUNCIL (CHAIR). 2. THE PRO-CHANCELLOR, EX OFFICIO. 3. THE TREASURER, EX OFFICIO. 4. THE VICE-CHAIR OF THE COUNCIL, EX OFFICIO. IN ATTENDANCE: THE VICE-CHANCELLOR, THE UNIVERSITY SECRETARY AND THE GROUP PEOPLE DIRECTOR MODE OF OPERATION 1. THE COMMITTEE IS QUORATE IF TWO LAY MEMBERS OF THE COUNCIL ARE PRESENT, SUBJECT TO THE AGREEMENT OF THE CHAIR OF THE COMMITTEE IF NOT IN ATTENDANCE. 2. THE VICE-CHANCELLOR WILL NOT BE PRESENT FOR ANY DECISION ON HIS/HER OWN REMUNERATION OR TERMS AND CONDITIONS. 3. THE UNIVERSITY SECRETARY WILL NOT BE PRESENT FOR ANY DECISION ON HIS/HER OWN REMUNERATION OR TERMS AND CONDITIONS OR THOSE OF THE VICE-CHANCELLOR. 4. THE VICE-CHANCELLOR HAS AUTHORITY TO DETERMINE THE SALARY ON APPOINTMENT OF MEMBERS OF STAFF IN PROFESSORIAL OR EQUIVALENT GRADES BUT WILL CONSULT THE CHAIR AND MEMBERS AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTERESTS POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE UNIVERSITY'S WEBSITE: www.open.ac.uk/”

“Form 990, part xi, line 9 foreign exchange differences -4,062,330 ---------------------------- ----------- total -4,062,330”

“Form 990, page 1, item e please note that the telephone number reported is a uk telephone number. The open university's uk telephone number with appropriate country code information is (+44)(0) 1908 274066.”

“Method and rates all dollar amounts reported on the university`s form 990 were converted from the great british pound. Tax year revenue and expenditure amounts were converted using 1.26 gbp/usd, which was the monthly average rate for period ending july 31, 2020. Calendar year revenue and expense amounts were converted using 1.28 gbp/usd, which was the monthly average rate for the calendar year ending decemer 31, 2019. Balance sheet amounts were converted using spot rates of 1.26 gbp/usd and 1.25 gbp/usd, which represent the spot rates as of july 31,2019 and july 31, 2020, respectively. Additional historical spot and average rates were used to convert the first, second, third, and fourth prior year endowment fund activity amounts reported on schedule d, part v. The rates used in that calculation were as follows: monthly average rates: year ending 07/31/2019 - 1.29 gbp/usd year ending 07/31/2018 - 1.35 gbp/usd year ending 07/31/2017 - 1.27 gbp/usd year ending 07/31/2016 - 1.49 gbp/usd spot rates: 07/31/2018 - 1.32 gbp/usd 07/31/2017 - 1.27 gbp/usd 07/31/2016 - 1.47 gbp/usd 07/31/2015 - 1.57 gbp/usd”