Open University

“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 business within the united states, and none of the unrelated business taxable income is derived from sources within the united states.”

“Form 990, part xi, line 9 endowment increases 100,255 foreign exchange difference 32,192,343 total 32,292,598”

“Form 990, part vi, line 11b the form 990 will be reviewed by the finance director and the senior financial accountant prior to filing with the internal revenue service.”

“FORM 990, PART VI, LINE 12C The Council has adopted the guidance on the declaration of interests by members of the governing bodies of universities and colleges in England and Wales promulgated by the Committee of University Chairmen. This guidance states: "It is central to the proper conduct of public business that chairs and members of governing bodies should act and be perceived to act impartially, and not be influenced in their role as governors by social or business relationships". Any member of the Council who has a clear and substantial interest in a matter under discussion shall declare that interest whether or not that interest is already declared in the Register of Interests. Such declarations should make clear the interest and whether it carries either direct or indirect financial interest to the member. Where such an interest constitutes a direct or indirect financial interest, the member involved shall withdraw from any meeting. Members may not speak, participate in or otherwise seek to influence any decisions taken by the Council relating to the matter under discussion. Where a member has an interest which is not financial, but which is relevant to the activities of the University, that interest shall also be declared. Where the interest is substantial, the member involved shall withdraw from discussions or decisions relating to that interest. Where an interest arises from membership of a public body, and where there is no financial interest, full participation in the discussion and decision is permitted. In all circumstances, members of Council shall ask themselves whether members of the public, knowing the facts of the situation, would reasonably conclude that the interest involved might influence the approach taken to the actions of the Council. If so, the interest is sufficient for the member to declare that interest. Members of staff of the University do not need to declare an interest or to withdraw from discussion when general terms and conditions of service of staff or a group of staff are considered. Similarly, members who are students of the University do not need to withdraw or declare an interest in issues of relevance to the student body as a whole including the setting of fees for modules. However, if a member of staff or a student has a particular interest in the issue which is greater than the interest of the group of staff or students as a whole, then that interest shall be declared and the member of staff or student shall withdraw from the meeting. Members may not speak, participate in or otherwise seek to influence any decision taken by the Council relating to the matter under discussion. Any such declarations of interest shall be recorded in the Minutes.”

“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. 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. 5. To report annually to the council. All other staff on professorial or equivalent grades 6. To receive an annual report on the salaries on appointment of individual members of staff in professorial or equivalent grades. 7. 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. 8. To report annually to the council. Membership 1. The pro-chancellor, ex officio: lord christopher haskins 2. The treasurer, ex officio: mr. Howard brown 3. The vice-chair of the council, ex officio: professor william stevely 4. The chair of the staff strategy committee, ex officio: ms. Ros mccool in attendance 1. The vice-chancellor: mr. Martin bean 2. The university secretary: mr. Fraser woodburn 3. The director of human resources: mr. Nigel holt secretary: mrs. Dawn turpin 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. 5. A subcommittee shall consider and determine merit awards to and discretionary increases in the salary of individual members of staff in professorial or equivalent grades on behalf of the committee and shall report to the committee.”

“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.”

“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.”

“Form 990, part vi, line 2 martin bean, vice-chancellor, miles hedges, finance director, fraser woodburn, university secretary, steve hill, commercial director, and musa mihsein, professor/pro-vice-chancellor, are all directors of open university worldwide limited, a 100% owned subsidiary of the open university. Martin bean, vice chancellor, miles hedges, finance director, and fraser woodburn, university secretary, are all directors of futurelearn limited, a 100% owned subsidiary of the open university.”