Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
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2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| SCHEDULE E, PART I, LINE 3 | THERE ARE SEVERAL LINKS TO THE MORAVIAN UNIVERSITY NON-DISCRIMINATION STATEMENT ON THE UNIVERSITY'S PUBLIC WEBSITE, WWW.MORAVIAN.EDU, WHICH CAN BE VIEWED BY ANYONE AT ANY TIME. A LINK CAN BE FOUND ON THE WEBSITE HOME PAGE UNDER RESOURCES AND UNDER INSTITUTIONAL POLICIES. THERE IS ALSO A LINK TO THE NON-DISCRIMINATION STATEMENT ON THE STUDENT HANDBOOK WEB PAGE. |
| SCHEDULE E, PART I, LINE 6 | THE UNIVERSITY RECEIVES NATIONAL SCIENCE FOUNDATION GRANTS. STUDENTS ATTENDING THE UNIVERSITY PARTICIPATE IN FEDERAL FAMILY EDUCATION LOANS, DIRECT STUDENT LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, THE ACADEMIC COMPETITIVENESS GRANT AND THE NATIONAL SMART GRANT, US DEPARTMENT OF VETERANS AFFAIRS AND US DEPARTMENT OF HEALTH AND HUMAN SERVICES PROGRAMS. |
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| FORM 990, PART VI, SECTION B, LINE 11B | MORAVIAN UNIVERSITY ("INSTITUTION") RECOGNIZE THAT THE GOVERNANCE ROLE OF THE JOINT BOARD OF TRUSTEES ("BOARD OR "TRUSTEES") INCLUDES THE ANNUAL REVIEW OF THE FORM 990. ACCORDINGLY, THE INSTITUTION REQUIRES REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO ITS FILING ON AN ANNUAL BASIS. THE REVIEW PROCESS INCLUDES THE OPPORTUNITY FOR TRUSTEES TO PROVIDE FEEDBACK AND REQUIRES DOCUMENTED RESPONSES FROM MANAGEMENT THAT ADDRESS TRUSTEE QUESTIONS AND CONCERNS. THE PROCESS, AS OUTLINED BELOW, MUST BE COMPLETED NO LATER THAN THE 15TH DAY OF THE 11TH MONTH FOLLOWING THE FISCAL YEAR ENDING PERIOD (ASSUMING ALL EXTENSIONS HAVE BEEN TIMELY FILED). WITH EXTENSIONS FILED, FOR A JUNE 30TH FISCAL YEAR END, THE PROCESS MUST BE COMPLETED AND THE 990 MUST BE FILED NO LATER THAN MAY 15TH OF THE FOLLOWING YEAR. A BOARD RESOLUTION IS NOT REQUIRED FOR THE FORM 990 TO BE FILED. PROCESS: 1. MANAGEMENT SHALL BE RESPONSIBLE FOR ASSEMBLING, PREPARING AND INPUTTING ALL REQUIRED INFORMATION NECESSARY FOR FILLING OUT THE ONLINE FORM 990. 2. INITIAL DRAFT SHALL BE REVIEWED BY MANAGEMENT FOR ACCURACY. ACCURACY OF THE INITIAL DRAFT SHALL BE VERIFIED BY MANAGEMENT THROUGH: * ENSURING THE ACCURACY OF THE CONTENT INPUT * ENSURING THAT THE CONTENT INPUT IS PROPERLY REFLECTED IN THE INITIAL DRAFT 3. ANY CHANGES BY MANAGEMENT TO THE INITIAL DRAFT SHALL BE INCORPORATED WHERE APPROPRIATE, AND A REVISED DRAFT ("REVISED DRAFT") OF THE FORM 990 WILL BE GENERATED. 4. MANAGEMENT SHALL ENSURE THAT CHANGES TO THE INITIAL DRAFT ARE PROPERLY REFLECTED IN THE REVISED DRAFT AND THAT THE REVISED DRAFT, WITH THE ACCURACY OF THE CONTENT NOW VERIFIED BY MANAGEMENT, IS SUITABLE FOR THE BOARD TO DO A PROPER REVIEW. 5. IN A TIMEFRAME SUFFICIENTLY IN ADVANCE OF THE DUE DATE, MANAGEMENT WILL MAKE THE REVISED DRAFT AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD. MANAGEMENT WILL MAKE THE FORM 990 AVAILABLE TO THE COMMITTEE MEMBERS VIA A SECURE TRUSTEE WEBSITE. 6. WHEN THE COMMITTEE MEMBERS HAVE HAD AN OPPORTUNITY TO SUFFICIENTLY REVIEW THE FORM 990, THE AUDIT COMMITTEE SHALL MEET WITH MANAGEMENT (IN PERSON OR VIA TELECONFERENCE) TO DISCUSS CONTENT OF THE REVISED DRAFT AND PRESENT ANY RECOMMENDED CHANGES. RECOMMENDED CHANGES WILL BE INCORPORATED INTO THE FORM 990 AS APPROPRIATE, AND A FINAL DRAFT ("FINAL DRAFT") WILL BE COMPLETED. ANY QUESTIONS OR RECOMMENDED CHANGES BY THE AUDIT COMMITTEE SHALL BE DOCUMENTED ALONG WITH MANAGEMENT RESPONSES ("FEEDBACK"). 7. THE AUDIT COMMITTEE SHALL MAKE THE FINAL DRAFT AND FEEDBACK AVAILABLE FOR REVIEW TO ALL TRUSTEES. THE FINAL DRAFT WILL BE MADE AVAILABLE TO THE TRUSTEES VIA A SECURE TRUSTEE WEBSITE. TRUSTEES SHALL BE NOTIFIED OF THE FILING DATE AT THE TIME THE FINAL DRAFT IS POSTED TO THE TRUSTEE WEBSITE. COMMENTS FROM TRUSTEES MUST BE FORWARDED TO MANAGEMENT NO LESS THAN 7 DAYS PRIOR TO THE FILING DATE. RECOMMENDED CHANGES WILL BE INCORPORATED INTO THE FORM 990 AS APPROPRIATE, AND A FINAL RETURN ("FINAL RETURN") WILL BE GENERATED. CHANGES AND COMMENTS WILL BE DOCUMENTED AND POSTED TO THE TRUSTEE WEBSITE. 8. UPON FILING WITH THE IRS, THE FINAL RETURN SHALL BE POSTED TO THE TRUSTEE WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST FORMS FOR ALL EMPLOYEES, SUBJECT TO THE CONFLICT-OF-INTEREST POLICY, ARE INITIALLY SUBMITTED TO THE OFFICE OF HUMAN RESOURCES. THE DIRECTOR OF HUMAN RESOURCE ASSESSES WHETHER ACTION OR MONITORING IS REQUIRED, SOLICITING THE OPINION OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, IF NECESSARY. ALL CONFLICTS THAT ARE DISCLOSED ARE REPORTED TO THE AUDIT COMMITTEE AND THE GOVERNANCE COMMITTEE AT LEAST ANNUALLY. CONFLICT OF INTEREST FORMS FOR TRUSTEES ARE SUBMITTED TO, AND REVIEWED BY, THE OFFICE OF THE PRESIDENT. PERSONS ARE REQUIRED TO COMPLY WITH THE POLICY AND DISCLOSE AND ANNOUNCE ANY CONFLICT AND ABSTAIN FROM INVOLVEMENT IN ANY DECISION WHERE THE CONFLICT WOULD APPLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | PURPOSE: THE JOINT EXECUTIVE COMMITTEE SHALL DETERMINE THE INSTITUTION'S EXECUTIVE COMPENSATION PHILOSOPHY AND ESTABLISH SUCH GUIDELINES, RULES AND PROCEDURES AS NECESSARY FOR THE PROPER AND EFFICIENT ADMINISTRATION OF THE EXECUTIVE COMPENSATION PROGRAM ("ECP"). THE JOINT EXECUTIVE COMMITTEE SHALL DETERMINE THAT THE ECP IS APPROPRIATE IN VIEW OF THE MISSION AND TAX-EXEMPT STATUS OF MORAVIAN UNIVERSITY, AND THAT ITS COMPENSATION AND BENEFITS ARE REASONABLE AND NOT EXCESSIVE. IT SHALL EVALUATE THE PRESIDENT, AND DETERMINE THE COMPENSATION OF THE PRESIDENT, AND SHALL REVIEW AND APPROVE ALL OTHER FORMS OF EXECUTIVE COMPENSATION AND BENEFITS SUBJECT TO APPROVAL BY THE BOARDS AND SHALL REPORT ITS ACTIONS IN FULL TO THE JOINT BOARD, UNIVERSITY BOARD, AND SEMINARY BOARD ANNUALLY. TO THAT END, THE COMMITTEE SHALL REVIEW AND APPROVE ALL FORMS OF EXECUTIVE COMPENSATION AND BENEFITS IN A MANNER NECESSARY TO QUALIFY FOR THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE INTERMEDIATE SANCTIONS RULES OF SECTION 4958 OF THE INTERNAL REVENUE CODE. MEMBERSHIP: THERE SHALL BE A JOINT EXECUTIVE COMMITTEE OF THE JOINT BOARD OF TRUSTEES WHICH SHALL CONSIST OF THE FOLLOWING: THE CHAIR AND VICE CHAIR OF THE BOARD OF UNIVERSITY TRUSTEES, THE CHAIR AND VICE CHAIR OF THE BOARD OF SEMINARY TRUSTEES, THE PRESIDENT OF THE CORPORATION, THE SECRETARY OF THE CORPORATION AND THE TREASURER OF THE CORPORATION; EITHER THE NORTHERN OR SOUTHERN PROVINCE PRESIDENT; AND SUCH ADDITIONAL MEMBERS, IF ANY, ELECTED BY THE JOINT BOARD (FROM THE UNIVERSITY BOARD AND FROM THE SEMINARY BOARD). THE CHAIR OF THE JOINT EXECUTIVE COMMITTEE SHALL BE THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES, AND THE VICE CHAIR SHALL BE THE CHAIR OF THE SEMINARY BOARD OF TRUSTEES. THE EXECUTIVES WHOSE COMPENSATION WILL BE APPROVED BY THE COMMITTEE CURRENTLY CONSIST OF THE INDIVIDUALS IN THE FOLLOWING POSITIONS: - THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, CFO; - THE PROVOST AND DEAN OF FACULTY; - THE EXECUTIVE VICE PRESIDENT FOR UNIVERSITY LIFE AND DEAN OF STUDENTS, COO; - THE VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI ENGAGEMENT; - THE VICE PRESIDENT FOR ENROLLMENT AND MARKETING; - VICE PRESIDENT AND GENERAL COUNSEL; - THE VICE PRESIDENT AND DEAN OF THE SEMINARY; - VICE PRESIDENT AND DEAN FOR INCLUSIVE EXCELLENCE; - CHIEF INFORMATION OFFICER, VICE PRESIDENT; - DIRECTOR OF ATHLETICS & RECREATION. FROM TIME TO TIME THE COMMITTEE IN ITS DISCRETION MAY AMEND THIS LIST TO ADD/SUBTRACT INDIVIDUALS AS DETERMINED BY NEW RECRUITMENTS, PROMOTIONS, REALIGNMENT IN ORGANIZATIONAL STRUCTURE AND THE LIKE. COMPENSATION PHILOSOPHY: THE COMMITTEE IS CHARGED WITH THE RESPONSIBILITY TO ESTABLISH AND MAINTAIN A COMPENSATION PACKAGE THAT WILL ENABLE THE INSTITUTION TO ATTRACT, RETAIN, MOTIVATE AND REWARD THE MANAGEMENT TEAM LEADERSHIP NEEDED TO SUCCESSFULLY ACCOMPLISH THE INSTITUTION'S MISSION AND STRATEGIC AND OPERATIONAL GOALS. THE FOLLOWING WILL PROVIDE THE NECESSARY GUIDELINES TO ACCOMPLISH THIS OBJECTIVE: - A TOTAL COMPENSATION CONCEPT WILL BE USED EMPLOYING A COMBINATION OF BASE SALARY, BENEFITS, DEFERRED COMPENSATION AND OTHER PERQUISITES AS MAY BE NEEDED FROM TIME TO TIME TO MAINTAIN A COMPETITIVE POSITION WITH PEER INSTITUTIONS. THE COMMITTEE ALSO HAS THE AUTHORITY TO IMPLEMENT OTHER METHODS OF COMPENSATION, E.G. VARIABLE PAY, AS MAY BE NECESSARY FROM TIME TO TIME TO ATTRACT AND RETAIN QUALIFIED EXECUTIVES. - BASE SALARY WILL BE TARGETED AS A MINIMUM AT THE 50TH PERCENTILE OF SIMILAR POSITIONS FOR EXPERIENCED PROFESSIONALS AS REPORTED ANNUALLY BY CUPA HR (MORAVIAN UNIVERSITY AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES) FOR BACCALAUREATE INSTITUTIONS. WAGE LEVELS FOR THE SPECIFIC EXECUTIVES LISTED PREVIOUSLY SHALL BE ESTABLISHED AND MAINTAINED BASED UPON GENERAL EXPERIENCE, SPECIFIC PERFORMANCE, AND OVERALL CONTRIBUTION TO THE SUCCESS OF THE INSTITUTION. ANNUAL REVIEWS WILL TAKE PLACE PRIOR TO JULY 1 EACH YEAR. - THE OVERALL GOAL SHALL BE TO MAINTAIN EQUITY AND FAIRNESS IN COMPENSATION DEMONSTRATED THROUGH COMPARABILITY WITH PEERS AND THROUGH THE CONSISTENT APPLICATION OF PRINCIPLES. - DEFERRED COMPENSATION AND PERQUISITE OPPORTUNITIES MAY BE DEVELOPED TO OPTIMIZE ANY TAX DEFERRAL OPPORTUNITIES THAT EXIST WITHIN THE TAX CODE AND TO BE COMPETITIVE WITH PEER INSTITUTIONS. - THIS PHILOSOPHY SHALL APPLY IN NEARLY ALL CASES, EXCEPT IN THOSE VERY RARE CIRCUMSTANCES WHEN IT IS NECESSARY TO RECRUIT AND RETAIN HIGHLY MARKET SENSITIVE POSITIONS. SUCH EXCEPTIONS WILL BE CAREFULLY DOCUMENTED. COMMITTEE RESPONSIBILITIES: THE COMMITTEE HAS THE RESPONSIBILITY TO: - SET THE EXECUTIVE COMPENSATION PHILOSOPHY AND OBTAIN APPROVAL FROM THE BOARD OF TRUSTEES. - IMPLEMENT A PROCESS FOR EVALUATION OF THE PRESIDENT AND HIS/HER SENIOR STAFF. - THE PRESIDENT'S EVALUATION SHALL BE CARRIED OUT BY THE CHAIR OF THE JOINT BOARD AND BROUGHT TO THE ATTENTION OF THE COMMITTEE. - THE PRESIDENT'S EVALUATION SHALL INCLUDE CONSIDERATIONS OF CURRENT YEAR PERFORMANCE REVIEW, 360 REVIEWS FROM THE PRESIDENT'S SENIOR STAFF, AND INPUT FROM EVERY BOARD MEMBER (OPTIONAL) VIA A STANDARD PERFORMANCE EVALUATION FORM. - THE PRESIDENT SHALL SUBMIT HIS/HER CURRENT YEAR PERFORMANCE EVALUATION OF EACH ONE OF THE SENIOR STAFF TO THE COMMITTEE. THIS EVALUATION SHALL BE BASED ON REGULAR ANNUAL PERFORMANCE REVIEW, 360 REVIEWS AND INPUT FROM EACH COMMITTEE CHAIR OF THE TWO BOARD(S) WHO ANNUALLY SHALL SUBMIT TO THE PRESIDENT AN EVALUATION OF THE SENIOR STAFF MEMBER WHO SUPPORTS THAT COMMITTEE. - THE PRESIDENT WILL RECOMMEND SALARY ADJUSTMENTS FOR HIS SENIOR STAFF TO THE COMMITTEE FOR REVIEW AND APPROVAL. - SET, MONITOR AND REVIEW THE COMPENSATION OF THE PRESIDENT. - APPROVE THE PRESIDENT'S COMPENSATION RECOMMENDATIONS OF THE MEMBERS OF HIS/HER SENIOR LEADERSHIP TEAM. - ENSURE THAT SAID COMPENSATION IS REASONABLE AND WITHIN THE BOUNDS OF IRS CODE 4958 (INTERMEDIATE SANCTIONS). IN REACHING THIS JUDGMENT THE COMMITTEE SEEKS OUT EXPERT OPINION, MARKET ANALYSIS AND MAY RETAIN AN INDEPENDENT CONSULTANT FOR THIS PURPOSE. - ESTABLISH, MONITOR AND DETERMINE ACCOMPLISHMENT OF PAY AWARD GOALS FOR THE PRESIDENT. - APPROVE ACCOMPLISHMENT OF PAY AWARD GOALS FOR OTHER EXECUTIVES, AS APPLICABLE. - RESOLVE AND DETERMINE ALL DISPUTES OR QUESTIONS ARISING UNDER THE PROGRAM, INCLUDING THE POWER TO DETERMINE THE RIGHTS OF EXECUTIVES AND TO REMEDY ANY AMBIGUITIES, INCONSISTENCIES OR OMISSIONS. - AMEND OR RESTRUCTURE THE PROGRAM AT ANY TIME AND FOR ANY REASON. - INFORM THE BOARD OF TRUSTEES AND THE JOINT EXECUTIVE COMMITTEE AS APPROPRIATE. - ASSURE COMPLIANCE WITH IRS REGULATIONS INCLUDING APPROVAL OF THE TOP FIVE (5) PAID POSITIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE AVAILABLE ON THE UNIVERSITY WEBSITE (WWW.MORAVIAN.EDU). GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 228,355. NET ASSETS TRANSFERRED FROM SEMINARY 28,423,257. |
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