2021-11-15T07:40:00-06:00 2021-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2020-07-01 840502574 Association Of Governing Boards Of Universities and Colleges % MARIA NAZARETH ASSO 2022968400 1133 20th Street NW Suite 300 Washington DC 20036 HENRY STOEVER PRESIDENT & CEO 2027760814 2021-11-11 true HENRY STOEVER 999009999 Marc Berger P01871563 7038930600 3 2020 2022-09-23 18:48:47Z HENRY STOEVER 1133 20th Street NW300 Washington DC 20036 15725503 false X www.agb.org X 1974 DC DEDICATED TO STRENGTHENING THE PERFORMANCE OF BOARDS OF PUBLIC AND PRIVATE HIGHER EDUCATION. 16 16 45 505 184903 0 837200 1976511 10786841 11625747 573194 854973 986798 609038 13184033 15066269 0 0 0 0 6949971 7143381 0 0 385639 7822906 7086464 14772877 14229845 -1588844 836424 16179565 19633060 6328650 7161302 9850915 12471758 X THE ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES EMPOWERS COLLEGE, UNIVERSITY, AND FOUNDATION BOARDS AND BOARD MEMBERS TO GOVERN WITH KNOWLEDGE AND CONFIDENCE, PROVIDING GUIDANCE AND THOUGHT LEADERSHIP THROUGH EXPERT SERVICES AND RESOURCES. false false 5338326 0 11625747 CONFERENCES, INSTITUTES, CONVENINGS, WORKSHOPS, AND AGB CONSULTING: AGB PROVIDES VARIOUS WEBINARS, WORKSHOPS, CONVENINGS, AND INSTITUTES FOR MEMBER PRESIDENTS, BOARD CHAIRS, AND BOARD MEMBERS OF PUBLIC AND PRIVATE INSTITUTIONS AND INSTITUTIONALLY RELATED FOUNDATIONS. IN ADDITION TO THE ANNUAL NATIONAL CONFERENCE ON TRUSTEESHIP IN MAJOR CITIES AROUND THE NATION, AGB OFFERS THE ANNUAL BOARD PROFESSIONALS CONFERENCE AND FOUNDATION LEADERSHIP FORUM. AGB ALSO OFFERS A WIDE RANGE OF CONTINUING EDUCATION OPPORTUNITIES FOR THE BOARDS OF MEMBER INSTITUTIONS AT SITES OF THEIR OWN CHOOSING. AGB CONSULTING'S GOVERNANCE PRACTICE AREA PROVIDES CUSTOMIZED ASSESSMENTS FOR INSTITUTIONAL BOARDS, CAMPUS LEADERS, AND AFFILIATED FOUNDATIONS; HELPS BOARDS DEEPEN THEIR UNDERSTANDING OF BEST PRACTICES AND PUTTING KNOWLEDGE INTO ACTION; AND PROVIDES CRITICAL SUPPORT AND GUIDANCE FOR NEW LEADERSHIP. THE STRATEGY AND TRANSFORMATION PRACTICE AREA HELPS INSTITUTIONS PLAN FOR AND LEAD THROUGH CONSEQUENTIAL CHANGE INCLUDING COST MANAGEMENT INITIATIVES, PROGRAM DEVELOPMENT, AND REFINEMENTS TO THE BUSINESS MODEL AND STRATEGIC PLAN. 2030228 0 0 INSIGHTS, RESEARCH, TOOLS AND OTHER RESOURCES: IN ADDITION TO TRUSTEESHIP MAGAZINE PUBLISHED SIX TIMES PER YEAR FOR MEMBERS, AGB PUBLISHES BOOKS, REPORTS, BOARD STATEMENTS, BLOGS, SURVEY FINDINGS, WEBINARS, PODCASTS, AND BRIEFINGS, AND OFFERS A KNOWLEDGE CENTER FULL OF THESE RESOURCES ORGANIZED BY TRENDING TOPICS, BOARD FUNDAMENTALS, INSTITUTION TYPE, BOARD ROLES AND RESPONSIBILITIES, AND RESOURCE FORMAT TYPE. ADDITIONALLY, AGB OFFERS NEW BOARD MEMBER ORIENTATION FOR INTRODUCING BOARD MEMBERS TO HIGHER EDUCATION GOVERNANCE, ESSENTIAL BOARD RESPONSIBILITIES, BOARD COMPOSITION, AND BOARDROOM CULTURE. THERE ARE THREE DISCRETE VERSIONS OF THIS ONLINE PROGRAM DESIGNED FOR BOARD MEMBERS FROM PRIVATE INSTITUTIONS, PUBLIC INSTITUTIONS OR INSTITUTIONALLY RELATED FOUNDATIONS. ALL THREE VERSIONS PROVIDE NEW AND CONTINUING BOARD MEMBERS WITH A THOROUGH OVERVIEW OF GOVERNANCE FUNDAMENTALS. 746403 0 0 ADVOCACY AND PUBLIC POLICY: AGB WORKS TO ENSURE THE VIEWS OF OUR MEMBERS ARE AT THE FOREFRONT OF STATE AND FEDERAL POLICY DISCUSSIONS REGARDING BOARD GOVERNANCE, INSTITUTIONAL LEADERSHIP, STUDENT SUCCESS, AND INSTITUTIONAL VITALITY. WE WORK TO IMPROVE SOCIETY'S UNDERSTANDING AND PERCEPTION OF THE VALUE OF HIGHER EDUCATION. AND WE SPONSOR A NUMBER OF OTHER ADVOCACY PROJECTS THAT ADDRESS PRESSING ISSUES IN HIGHER EDUCATION. 107599 0 0 GRANT PROGRAMS 107599 0 0 8222556 true true false true false false false false false true true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 86 0 true 45 true true true false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false DE NY X MARIA NAZARETH 2027760814 1130 20TH STREET NW SUITE 300 WASHINGTON DC 20036 X RICHARD A BEYER Lead Consultant 40.0 0.0 X 727012 0 62537 HENRY STOEVER President and CEO 39.0 1.0 X 516669 0 92727 RODERICK MCDAVIS PRINCIPAL 1.0 39.0 X 0 297941 56886 CHRISTINA JACOBS VICE PRESIDENT 40.0 0.0 X 273342 0 40128 MERRILL SCHWARTZ SENIOR VICE PRESIDENT 40.0 0.0 X 239003 0 71189 KENNETH KNUEVEN MANAGING DIRECTOR 40.0 0.0 X 245360 0 62795 MARIA NAZARETH VICE PRESIDENT 40.0 0.0 X 241083 0 62295 HELEN LEITH Vice President 40.0 0.0 X 195486 0 51552 ROBERT WATERS VICE PRESIDENT 40.0 0.0 X 210397 0 31218 PATRICIA KUNKLE VICE PRESIDENT 40.0 0.0 X 194624 0 35515 CHRISTOPHER MOLONEY DIR STRATEGY, TRANS, INNOV 40.0 0.0 X 158165 0 30052 Richard D Legon Former President/Consultant 40.0 0.0 X 182120 0 0 ELIZABETH ALVARADO DIRECTOR OF AGB CONSULTING 40.0 0.0 X 149449 0 28438 CRISTIN TOUTSI GRIGOS ASSOC VP CONTENT STRATEGY 40.0 0.0 X 129246 0 36426 STEPHEN ABBOTT DIRECTOR OF PARTNERSHIPS 40.0 0.0 X 143428 0 20753 Shauna Ryder Diggs Chair 3.0 0.0 X X 0 0 0 Beverly Seay Director/Vice Chair 5.0 0.0 X X 0 0 0 Monroe Miller Director/Vice Chair 3.0 1.0 X X 0 0 0 Angel Mendez Secretary 3.0 0.0 X X 0 0 0 Eric P Blackhurst DIRECTOR 2.0 1.0 X 0 0 0 Nelson Carbonell DIRECTOR 2.0 0.0 X 0 0 0 Kathleen Dore Director 1.0 3.0 X 0 0 0 Fred DuVal DIRECTOR 1.0 0.0 X 0 0 0 Cathy Havener Greer DIRECTOR 1.0 0.0 X 0 0 0 Eleanor Horne DIRECTOR 1.0 1.0 X 0 0 0 Mary K Hughes DIRECTOR 2.0 1.0 X 0 0 0 Jeffrey Humber Jr Director 2.0 0.0 X 0 0 0 ROBERT KING DIRECTOR 1.0 0.0 X 0 0 0 LEO LAMBERT DIRECTOR 2.0 3.0 X 0 0 0 ROSS A MUGLER Director 2.0 0.0 X 0 0 0 RONALD C PARKER DIRECTOR 2.0 1.0 X 0 0 0 LAURENE SPERLING DIRECTOR 1.0 0.0 X 0 0 0 HORACIO VALEIRAS DIRECTOR 2.0 0.0 X 0 0 0 3605384 297941 682511 14 true true false DENTONS US LLP 1900 K ST WASHINGTON DC 20006 LEGAL 347557 ENC STRATEGY 3100 CLARENDON BLVD SUITE 200 ARLINGTON VA 22201 CONSULTING 283045 WELLINGTON EXPERIENCEINC 7309 W 80TH ST SUITE 300 OVERLAND PARK KS 66204 CONSULTING 225000 CMG PARTNERS LLC 410 BLACKWELL ST SUITE 420 DURHAM NC 27701 CONSULTING 208659 INSTRUCTURE INC 6330 S 3000 EAST SUITE 700 SALT LAKE CITY UT 84121 HOSTING & PROF FEE 161775 11 25000 1024107 927404 1976511 MEMBERSHIP DUES 900099 6869545 6869545 AGB CONSULTING 900099 3808554 3808554 SEMINARS AND WORKSHOPS 900099 838497 838497 PUBLICATION SALES 900099 109151 82630 26521 11625747 445824 445824 0 445391 445391 158382 158382 0 158382 158382 1068383 659234 409149 409149 409149 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 5265 5265 5265 15066269 11599226 184903 1305629 0 0 0 0 1985072 951572 1033500 302081 302081 3087037 1557287 1339922 189828 468605 297981 153160 17464 914421 118235 783298 12888 386165 251491 119224 15450 0 506395 297947 186779 21669 52188 26413 23854 1921 0 0 8000 8000 3822772 3331844 451774 39154 411680 278277 127396 6007 136489 90860 45225 404 0 0 991004 470625 476076 44303 91153 51686 38173 1294 0 52172 52172 0 0 190991 93221 88675 9095 67484 32724 32643 2117 DUES & SUBSCRIPTIONS 288695 42799 240782 5114 SPECIAL PROJECTS/CONTINGENCY 258737 81830 175476 1431 PROVISION FOR INVENTORY OBSOL. 179801 179801 0 0 PROVISION FOR BAD DEBT 33291 15791 0 17500 -4388 -4388 14229845 8222556 5621650 385639 1355862 1087566 1802216 3801774 15000 30974 1228042 756042 0 0 0 0 0 0 175528 91120 297316 227873 1948873 1735612 379588 213261 10166007 12439753 50000 50000 0 0 0 0 710006 934697 16179565 19633060 655129 1188195 0 0 3394495 3746159 0 0 0 0 0 0 0 0 1024107 967700 1254919 1259248 6328650 7161302 X 9850915 12471758 0 0 9850915 12471758 16179565 19633060 836424 1784419 X false true X true false X 869985 2514234 871924 837200 952404 6045747 9941944 10730738 11228880 10786841 11625747 54314150 0 0 0 10811929 13244972 12100804 11624041 12578151 60359897 108095 209003 48750 37500 44250 447598 0 108095 209003 48750 37500 44250 447598 59912299 626737 655951 1332403 1498735 2078969 6192795 0 626737 655951 1332403 1498735 2078969 6192795 0 0 0 0 0 0 0 0 11438666 13900923 13433207 13122776 14657120 66552692 0.90022 0.91739 0.09305 0.07454 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 27495 false true 18000 45495 false false Form 990, Schedule C, Part 1-A, Line 1: AGB tracked a number of issues during the fiscal year - particularly those affecting the fiduciary interest of trustees and boards. Of special focus were issues related to the COVID-19 pandemic, international education and immigration, Title IX, institutional autonomy and foreign influence, and the Pell Grant. AGB also leveraged its policy efforts working with the higher education community and joined multiple community letters on issues such as telehealth policy, President Trump's executive order on race and sex stereotyping, and funding for HBCUs, TCUs, and other minority-serving institutions. 8244932 2632799 365000 10512731 9024351 200581 980000 8244932 9582388 456963 1015000 9024351 8973691 938697 330000 9582388 7846754 1266937 140000 8973691 1.00000 false false 1189673 1107177 82496 339480 245315 94165 419720 383120 36600 213261 0 DEFERRED COMPENSATION 882358 DEFERRED RENT 376890 1259248 X 16894938 1784419 44250 1828669 15066269 15066269 14274095 44250 44250 14229845 14229845 SCHEDULE D, Part V, line 4: BOARD-DESIGNATED ENDOWMENT FUND - AGB'S BOARD HAS DESIGNATED FUNDS SET ASIDE TO PROVIDE A CONSISTENT AND PREDICTABLE FLOW OF UNRESTRICTED INCOME TO THE OPERATING BUDGET ON AN ANNUAL BASIS AND TO PROVIDE A SOURCE OF FINANCIAL STABILITY FOR AGB IN THE FORM OF A LONG-TERM INVESTMENT FUND, THE PRINCIPAL OF WHICH SHOULD BE MAINTAINED INTACT UNDER NORMAL CIRCUMSTANCES. SCHEDULE D, PART X, LINE 2: AGB DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. AGB HAS FILED FOR INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, AGB HAS FILED INTERNAL REVENUE FORM 990 TAX RETURNS AS REQUIRED AND ALL APPLICABLE RETURNS IN THOSE JURISDICTIONS WHERE IT IS REQUIRED. AGB BELIEVES THAT THEY ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2017. FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. X true true X X X X X true false false false true false false false false HENRY STOEVER President and CEO 459327 0 50000 0 7342 0 62865 0 29862 0 609396 0 0 0 MARIA NAZARETH VICE PRESIDENT 220043 0 20400 0 640 0 47130 0 15165 0 303378 0 0 0 MERRILL SCHWARTZ SENIOR VICE PRESIDENT 217021 0 21000 0 982 0 47265 0 23924 0 310192 0 0 0 KENNETH KNUEVEN MANAGING DIRECTOR 167219 0 77159 0 982 0 33439 0 29356 0 308155 0 0 0 PATRICIA KUNKLE VICE PRESIDENT 153131 0 41270 0 223 0 22855 0 12660 0 230139 0 0 0 HELEN LEITH Vice President 178646 0 16200 0 640 0 39705 0 11847 0 247038 0 0 0 RODERICK MCDAVIS PRINCIPAL 0 264147 0 31000 0 2794 0 36240 0 20646 0 354827 0 0 RICHARD A BEYER Lead Consultant 139516 0 587496 40875 21662 789549 0 STEPHEN ABBOTT DIRECTOR OF PARTNERSHIPS 124678 0 16860 0 1890 0 18103 0 2650 0 164181 0 0 0 CRISTIN TOUTSI GRIGOS ASSOC VP CONTENT STRATEGY 129112 0 0 0 134 0 14267 0 22159 0 165672 0 0 0 Richard D Legon Former President/Consultant 182120 0 0 0 0 0 0 0 0 0 182120 0 0 0 CHRISTINA JACOBS VICE PRESIDENT 239000 0 34000 0 342 0 34215 0 5913 0 313470 0 0 0 ELIZABETH ALVARADO DIRECTOR OF AGB CONSULTING 111615 0 37700 0 134 0 15670 0 12768 0 177887 0 0 ROBERT WATERS VICE PRESIDENT 190257 0 19500 0 640 0 25290 0 5928 0 241615 0 0 0 CHRISTOPHER MOLONEY DIR STRATEGY, TRANS, INNOV 98055 0 60000 0 110 0 17550 0 12502 0 188217 0 0 0 SCHEDULE J, PART I, LINE 1A: TRAVEL FOR COMPANIONS - AGB'S PRESIDENT, HENRY STOEVER, HAS A CONTRACT WITH AGB. THE TERMS OF THE CONTRACT STATE THAT reasonable and documented SPOUSAL TRAVEL EXPENSES FOR ATTENDANCE AT MEETINGS AND EVENTS WHERE THE SPOUSE'S PARTICIPATION IS DIRECTLY RELATED TO THE BUSINESS OF AGB AND IN SUPPORT OF THE PRESIDENT'S DUTIES MAY ALSO BE REIMBURSED. PERSONAL SPOUSAL TRAVEL WILL NOT be reimbursed. SCHEDULE J, PART I, LINE 4A: Robert Waters was paid severance of $48,750. SCHEDULE J, PART I, LINE 4B: 457(B): HENRY STOEVER $19,500, MARIA NAZARETH $19,500, HELEN LEITH $19,500 AND MERRILL SCHWARTZ $19,500 SCHEDULE J, PART I, LINE 5B: THE TOTAL ANNUAL FISCAL YEAR COMPENSATION OPPORTUNITY AVAILABLE TO RICHARD BEYER IS $850,000, COMPRISING A SALARY COMPONENT AND CONSULTING FEE COMPONENT FOR ENGAGEMENTS THAT HE PERSONALLY PERFORMS. IN FISCAL YEAR 2021, RICHARD BEYER RECEIVED AN AMOUNT OF $601,904 IN CONSULTING FEES. IN CALENDAR YEAR 2020, RICHARD BEYER RECEIVED $586,514 IN CONSULTING FEES INCLUDED IN OTHER REPORTABLE COMPENSATION. Schedule J, Part II, Line 11: RICHARD LEGON ENTERED INTO A TRANSITION SERVICES AGREEMENT WITH AGB IN 2019. TOTAL COMPENSATION OVER 12 MONTHS IS $227,000 PLUS ONE PARKING SPACE. HE RECEIVED $114,945 ON THIS AGREEMENT IN CALENDAR YEAR 2020 WHICH IS INCLUDED ON SCHEDULE J, COLUMN B (I). SEPARATE FROM THE ABOVE, RICHARD LEGON WAS PAID $67,175 FOR CONSULTING SERVICES IN CALENDAR YEAR 2020. THESE PAYMENTS WERE MADE TO HIS CONSULTING FIRM, LEGON CONSULTING LLC. FORM 990, PART VI, SECTION B, LINE 11B: 990 REVIEW PROCESS: 1. THE FINANCE OFFICE TRANSMITS SCHEDULES AND CHECKLISTS TO THE RETURN PREPARER BY SEPTEMBER 15, 2021, TWO MONTHS BEFORE THE DUE DATE. 2. THE PRESIDENT AND VICE PRESIDENT FOR FINANCE, CONDUCT AN INTERNAL REVIEW OF DRAFT FORMS 990 ON OCTOBER 20, 2021. 3. THE VICE PRESIDENT FOR FINANCE TRANSMITS THE DRAFT FORMS 990 TO AGB'S BOARD OF DIRECTORS BY OCTOBER 21, 2021. 4. THE MEMBERS OF THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMMITTEE HAVE A WEEK FOR REVIEW, COMMENTS AND QUESTIONS AFTER WHICH THE COMMITTEE MEETS ON A CONFERENCE CALL. ALL MEMBERS OF THE BOARD ARE INVITED TO JOIN THE CALL SCHEDULED FOR OCTOBER 28TH AT 2 P.M. (ET). 5. THE REVIEW OF FORM 990 IS CONDUCTED BY THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE. PARTICIPATION OF ALL DIRECTORS IS WELCOME AND ENCOURAGED. THE REVIEW BEGINS WITH THE PRESENTATION OF DATA TO THE COMMITTEE BY THE VICE PRESIDENT FOR FINANCE. UNDERLYING DATA THAT SUPPORTS THE RETURNS MAY BE REQUESTED BY THE COMMITTEE. THE COMMITTEE REVIEWS THE RETURNS TO ENSURE THEY ARE CONSISTENT WITH THE FINANCIAL STATEMENTS, THE GOVERNANCE QUESTIONS ARE ANSWERED CORRECTLY, THE DESCRIPTIVE INFORMATION REFLECTS THE POSITION OF AGB, DESCRIPTION OF THE PROGRAMS ARE ACCURATE, AND THE RETURN IS COMPLETE. 6. THE RETURN IS FINALIZED (ON NOVEMBER 5, 2021) NO LATER THAN 10 DAYS BEFORE THE TAX DEADLINE, AND INCLUDES ANY CHANGES SUGGESTED BY THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE. 7. DIRECTORS RECEIVE AN EXECUTIVE SUMMARY OF CHANGES (IF ANY) ELECTRONICALLY PRIOR TO FILING OF THE FINAL FORM 990. 8. THE CHAIR OF THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE PROVIDES A REPORT ON THE REVIEW OF THE COMPLETED FORM 990 TO THE AGB BOARD AT ITS NEXT SCHEDULED MEETING IN NOVEMBER. FORM 990, PART VI, SECTION B, LINE 12C: STAFF: AGB REQUIRES THAT OFFICERS AND EMPLOYEES WILL PERFORM THEIR DUTIES CONSCIENTIOUSLY, HONESTLY, AND IN ACCORDANCE WITH THE BEST INTERESTS OF THE ASSOCIATION. AGB OFFICERS AND EMPLOYEES MUST NOT USE THEIR POSITION OR THE KNOWLEDGE GAINED AS A RESULT OF THEIR POSITION FOR PRIVATE OR PERSONAL ADVANTAGE. REGARDLESS OF THE CIRCUMSTANCES, IF OFFICERS OR EMPLOYEES SENSE THAT A COURSE OF ACTION THEY HAVE PURSUED, ARE CURRENTLY PURSUING, OR ARE CONTEMPLATING PURSUING MAY INVOLVE THEM IN A CONFLICT OF INTEREST WITH AGB, THEY SHOULD IMMEDIATELY COMMUNICATE ALL THE FACTS TO HIS OR HER SUPERVISOR. ALL STAFF MEMBERS WILL BE ASKED TO COMPLETE AND SIGN THE ATTACHED DISCLOSURE FORM ON AN ANNUAL BASIS. BOARD OF DIRECTORS: THE DIRECTOR HAVING SUCH CONFLICT SHALL NOT PARTICIPATE OR USE ANY PERSONAL INFLUENCE IN THE DISCUSSION OF THE SUBJECT ORMAKE ANY RECOMMENDATIONS REGARDING THE SUBJECT. HOWEVER, THE DIRECTOR WILL BRIEFLY STATE THE NATURE OF THE CONFLICT AND WILL BE EXPECTED TO ANSWER PERTINENT QUESTIONS FROM THE OTHER DIRECTORS WHEN THE DIRECTOR'S KNOWLEDGE OF THE SUBJECT WILL ASSIST THE BOARD. THE MINUTES OF ANY MEETING AT WHICH THE SUBJECT INVOLVING THE CONFLICT IS DISCUSSED SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE CONFLICTED DIRECTOR REFRAINED FROM DISCUSSION, EXCEPT TO THE EXTENT PROVIDED ABOVE, AND DID NOT VOTE ON THE SUBJECT. THE SECRETARY ANNUALLY, AND AT OTHER TIMES ON REQUEST FROM ANY MEMBER OF THE BOARD, SHALL MAKE AVAILABLE TO THE MEMBERS OF THE BOARD COPIES OF THIS POLICY AND THE STATEMENT FOR DISCLOSING CONFLICTS. ANY BOARD MEMBER MAY REQUEST A DETERMINATION FROM THE BOARD AS TO THE EXISTENCE OF A CONFLICT OF INTEREST. THE BOARD'S DECISION, BY MAJORITY VOTE, SHALL BIND THE BOARD MEMBER AND THE BOARD. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: PROCESS TO DETERMINE COMPENSATION OF THE PRESIDENT: PRESIDENTIAL COMPENSATION IS DETERMINED WITH THE USE OF COMPARABILITY DATA RESEARCHED BY A MANAGEMENT/HR CONSULTING FIRM AND DISCUSSED BY AGB'S COMPENSATION COMMITTEE AND GENERAL COUNSEL. DURING THE PROCESS, THE PRESIDENT PRESENTS A DOCUMENT TO THE COMMITTEE OUTLINING HIS GOALS AND ACCOMPLISHMENTS FOR THE PAST YEAR. AFTER REVIEW OF DATA AND THE PRESIDENT'S SELF-ASSESSMENT, THE COMMITTEE DETERMINES WHETHER TO APPROVE THE COMPENSATION. PROCESS TO DETERMINE COMPENSATION OF OFFICERS: COMPENSATION IS DETERMINED WITH THE USE OF COMPARABILITY DATA RESEARCHED BY A MANAGEMENT. AGB'S PRESIDENT & CEO UPDATES THE COMPENSATION COMMITTEE ON SALARY INCREASES TO THE LEADERSHIP TEAM. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS: OWN WEBSITE AND ALSO PROVIDED UPON REQUEST CONFLICT OF INTEREST POLICY: OWN WEBSITE AND ALSO PROVIDED UPON REQUEST FINANCIAL STATEMENTS: PROVIDED UPON REQUEST. FORM 990, PART VII, Section A: INCLUDED IN PART VII, SECTION A IS $114,945 OF COMPENSATION RICHARD LEGON RECEIVED BETWEEN JANUARY 1 AND DECEMBER 31, 2020, FOR TRANSITION SERVICES AFTER HE RETIRED AS AN OFFICER ON JUNE 30, 2019. THIS COMPENSATION IS ALSO INCLUDED IN PART VII, SECTION B, AS HE WAS PAID AS A NON-EMPLOYEE CONTRACTOR. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANT FEES TOTAL FEES:3586469 FORM 990 PART IX LINE 11G DESCRIPTION:PRINTING/DESIGN TOTAL FEES:200122 FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY HELP TOTAL FEES:36181 AGB Strategies 1133 20TH ST NW SUITE 425 WASHINGTON DC 20036 474663821 SEE PART VII DC 501(C)(3) 12A AGB true AGB SEARCH LLC 1133 20TH ST NW SUITE 425 WASHINGTON DC 20036 271963417 SEE PART VII DC AGB C CORP 5887216 2476746 1.00000 true true false true false false true false false false false false false false false false true true false false AGB SEARCH LLC A 158382 FMV AGB SEARCH LLC C 25000 FMV AGB SEARCH LLC P 97933 FMV AGB SEARCH LLC Q 55479 FMV FORM 990, SCHEDULE R, PART II, BOX B: PRIMARY ACTIVITY: ASSIST COLLEGES AND UNIVERSITIES WITH THEIR BUSINESS MODEL. FORM 990, SCHEDULE R, PART IV, BOX B: PRIMARY ACTIVITY: CONDUCT EXECUTIVE LEVEL SEARCHES FOR UNIVERSITIES/COLLEGES.