Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FEDERAL FORM 990 IS INITIALLY REVIEWED BY THE CFO, CEO, AND EXECUTIVE DIRECTOR. IT IS THEN PRESENTED TO THE AUDIT COMMITTEE, AND THEN FULL BOARD OF DIRECTORS FOR FINAL REVIEW. UPON THE BOARD OF DIRECTORS' APPROVAL, THE FEDERAL FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON: - HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, - HAS READ AND UNDERSTANDS THE POLICY, - HAS AGREED TO COMPLY WITH THE POLICY, AND - UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 15 | DETERMINING COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, AND FOUNDER IS DONE BY THE BOARD OF DIRECTORS, OFTEN IN CONJUNCTION WITH A PROFESSIONAL AND INDEPENDENT SEARCH FIRM. SALARY SURVEYS, EXPERT KNOWLEDGE, AND CANDIDATE EXPERIENCE ARE KEY DETERMINANTS OF THESE SALARIES. THE LAST COMPENSATION STUDY WAS CONDUCTED IN NOVEMBER 2022. OTHER OFFICER SALARIES ARE ALSO EVALUATED BY AN OUTSIDE SEARCH FIRM AND THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | PRAGER UNIVERSITY FOUNDATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, AUDITED FINANCIAL STATEMENTS, FEDERAL FORMS 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S FORM 990 IS ALSO AVAILABLE ON ITS WEBSITE, WWW.PRAGERU.COM. |
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