| Form 990, Part III, Line 4a "INSTRUCTION AND FINANCIAL AID:" |
THE MISSION OF THE ADDRAN COLLEGE OF LIBERAL ARTS IS TO ADVANCE LIFE-LONG LEARNING AND DISCOVERY IN THE HUMANITIES, LANGUAGES, AND SOCIAL SCIENCES TO ENHANCE OUR SOCIETY, ELEVATE THE HUMAN CONDITION, AND DEVELOP ETHICAL LEADERS. PROFESSIONAL AND PRE-PROFESSIONAL CURRICULA ARE DELIVERED THROUGH 11 ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY INITIATIVES, INCLUDING, THE CENTER FOR DIGITAL EXPRESSION, THE CENTER FOR TEXAS STUDIES, THE CENTER FOR URBAN STUDIES, AND THE CENTER FOR LANGUAGES AND CULTURES. The TCU Neeley School of Business has been nationally ranked in several outlets, including 19th by Poets and Quants in their latest rankings of Best Undergraduate Business Programs, a noteworthy rise of 19 places in one year. Also from Poets & Quants, TCU Neeley academic experience was ranked #4, starting salaries and bonuses was ranked #9, and career outcomes was ranked #13 in the U.S. As a result of this and other excellence, TCU Neeley was selected as one of their "10 Undergraduate Business Schools to Watch in 2022." TCU Neeley was ranked 37th Best Undergraduate School for Entrepreneurial Studies according to The Princeton Review and Entrepreneur magazine and 28th Best Entrepreneurship Program by U.S. News & World Report. The MBA program has been ranked 8th for best administrated MBA program by The Princeton Review and 1st for MBA Faculty Quality by The Economist four years in a row. The graduate supply chain program was ranked 16th in North America by Gartner. The Executive MBA program is ranked 13th in the world, 4th in the U.S. and 1st in Texas by The Economist. TCU's accounting graduates regularly achieve the #1 CPA exam pass rate in Texas. The accounting program was ranked 20th in the U.S. for undergraduate programs with 17-23 faculty and the graduate program was ranked 21st for programs with 17-23 faculty by the Public Accounting Report. THE COLLEGE OF EDUCATION PREPARES EDUCATORS AND LEADERS FOR DIVERSE, GLOBAL EDUCATIONAL SETTINGS THROUGH MEANINGFUL SCHOLARSHIP, PEDAGOGY AND PRACTICE. THE TEACHER PREPARATION PROGRAM HAS BEEN RECOGNIZED FOR EXEMPLARY, CULTURALLY RESPONSIVE TEACHER PREPARATION. STUDENTS IN THE PROGRAM CHOOSE FROM EARLY CHILDHOOD TO SIXTH GRADE EDUCATION, MIDDLE SCHOOL EDUCATION, SECONDARY EDUCATION AND YOUTH ADVOCACY, WITH A VARIETY OF CONCENTRATIONS AND CERTIFICATION AREAS. IT BOASTS A NEAR 100 PERCENT TEACHER PLACEMENT RATE AND NEAR 100 PERCENT PASS RATE ON STATE CERTIFICATION EXAMS. ADVANCED DEGREES ARE OFFERED IN CURRICULUM AND INSTRUCTION, COUNSELING, SPECIAL EDUCATION, EDUCATIONAL LEADERSHIP, HIGHER EDUCATION AND SCIENCE EDUCATION. THE GRADUATE PROGRAM IS RANKED AMONG THE TOP GRADUATE PROGRAMS IN THE COUNTRY. TCU IS THE ONLY UNIVERSITY IN THE NATION WITH TWO ON-CAMPUS SPECIAL EDUCATION LABORATORY SCHOOLS, STARPOINT AND KINDERFROGS SCHOOL. The John V. Roach Honors College is a learning community of approximately 1200 students of excellence who seek to embody the University's core mission: to educate individuals to "think and act as ethical leaders and responsible citizens in the global community." By honoring the complexities of knowledge in all realms of learning, including the quest to discover one's own mind and voice, the Honors College prepares students for the world. Honors students enjoy small classes that promote high levels of inquiry, engagement, and feedback along with unparalleled opportunities for faculty-mentored research - projects that frequently become platforms for post-undergraduate work. An Honors-enriched TCU education is truly transformative: enriching students' knowledge within and beyond their majors, strengthening their commitments to intellectual honesty, courage, and dialogue, and empowering them to be agents of respectful deliberation and positive change. Students in the Harris College of Nursing & Health Sciences study varied health disciplines, including nursing, communication sciences and disorders, kinesiology, social work and nurse anesthesia. All are "helping professions" dedicated to improving people's lives and transforming global health care. Harris graduates consistently score higher than the national average on their licensing and certification exams. Each academic unit has external accreditation requirements and consistently performs well in these external measures. Faculty members are involved in significant research areas such as pharmacogenetics, obesity prevention, voice disorders, homelessness and patient safety. U.S. News & World Report also ranked TCU # 28 in the 2021 Best Doctor of Nursing Practice programs, #29 in Best Nursing Anesthesia programs, and #72 in Best Speech-Language Pathology programs. THE COLLEGE OF SCIENCE & ENGINEERING OFFERS UNDERGRADUATE MAJORS IN ASTRONOMY & PHYSICS, BIOCHEMISTRY, BIOLOGY, BIOPHYSICS, CHEMISTRY, CHILD DEVELOPMENT, COMPUTER SCIENCE, GEOLOGY, ENGINEERING, ENVIRONMENTAL SCIENCES, MATHEMATICS, NEUROSCIENCE, NUTRITIONAL SCIENCES, PSYCHOLOGY, AND RANCH MANAGEMENT. THE COLLEGE ALSO OFFERS GRADUATE DEGREES, INCLUDING AT THE DOCTORAL LEVEL IN BIOLOGY, CHEMISTRY & BIOCHEMISTRY, MATHEMATICS, PHYSICS & ASTRONOMY, AND PSYCHOLOGY. THE INSTITUTE OF ENVIRONMENTAL STUDIES LEADS INTERDISCIPLINARY EFFORTS IN THE FIELD OF SUSTAINABILITY. THE PREHEALTH PROFESSIONS INSTITUTE HAS BEEN LONG KNOWN FOR AN ACCEPTANCE RATE AT PROFESSIONAL SCHOOLS OF ABOUT TWICE THE NATIONAL AVERAGE. THE COLLEGE'S KAREN PURVIS INSTITUTE OF CHILD DEVELOPMENT HAS MADE AN IMPORTANT IMPACT IN THE LIVES OF AT-RISK CHILDREN THROUGH RESEARCH, INTERVENTION, AND THERAPY. THE RANCH MANAGEMENT AND INSTITUTE ARE WORLD RECOGNIZED. THE INSTITUTE FOR BEHAVIORAL RESEARCH CONDUCTS FEDERALLY FUNDED RESEARCH FOR EVALUATING AND IMPROVING TREATMENT STRATEGIES THAT TARGET REDUCTIONS IN DRUG ABUSE. RESEARCH OPPORTUNITIES ABOUND FOR UNDERGRADUATES THROUGHOUT THE COLLEGE. TCU's College of Fine Arts has an established reputation for offering the highest quality arts education within a liberal arts environment, drawing on our distinguished faculty's expertise and commitment to students' professional development. Our programs foster collaborations with the leading arts and culture organizations in the DFW Metroplex, including the Amon Carter Museum, the Cliburn, the Fort Worth Symphony Orchestra, the Fort Worth Public Schools, the Kimbell Museum, the Modern Art Museum of Fort Worth, and Texas Ballet Theater. The College hosts numerous public programs, including its distinguished PianoTexas International Academy & Festival, the biennial Latin American Music Festival, the Festival of American Song, and annually presents numerous world premieres of original compositions. THE BOB SCHIEFFER COLLEGE OF COMMUNICATION OFFERS PROGRAMS IN COMMUNICATION STUDIES, FILM-TELEVISION-DIGITAL MEDIA, JOURNALISM AND STRATEGIC COMMUNICATION. THE COLLEGE'S AWARD-WINNING STUDENT ACTIVITIES INCLUDE: ADVERTISING AND PUBLIC RELATIONS CAMPAIGN TEAMS, KTCU CAMPUS RADIO STATION, NEWS GROUPS AND PUBLICATIONS, SPEECH AND DEBATE TEAM, AND TWO STRATEGIC COMMUNICATION AGENCIES THAT SERVE EXTERNAL (ROXO) AND INTERNAL (SCHIEFFER ASSOCIATES) CLIENTS. |
| Form 990, Part III, Line 4b "AUXILIARY ACTIVITIES:" |
TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. AUXILIARY ACTIVITIES AT TEXAS CHRISTIAN UNIVERSITY CONSIST PRIMARILY OF RESIDENCE HALLS, DINING SERVICES, CONFERENCE SERVICES, THE UNIVERSITY BOOKSTORE, TCU PRESS, EXECUTIVE EDUCATIONAL PROGRAMS, AND MUSIC PREPARATORY PROGRAMS. TEXAS CHRISTIAN UNIVERSITY IS PRIMARILY A RESIDENTIAL CAMPUS, WITH ALMOST ONE HALF OF THE UNDERGRADUATE POPULATION LIVING ON CAMPUS. |
| Form 990, Part III, Line 4c "STUDENT SERVICES:" |
TEXAS CHRISTIAN UNIVERSITY OFFERS STUDENT SERVICES, AND THE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING AND TO HIS OR HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES CONSISTS PRIMARILY OF INTERCOLLEGIATE ATHLETICS, THE HEALTH AND COUNSELING CENTER, OFFICE OF ADMISSIONS, REGISTRAR, STUDENT DEVELOPMENT SERVICES, CAREER CENTER, CAMPUS LIFE, CAMPUS RECREATION, CAMPUS MINISTRY, STUDENT GOVERNMENT, STUDENT ACTIVITIES, COMMUNITY INVOLVEMENT, INTERCULTURAL AND OUTREACH SERVICES, I.D. CARD OFFICE, AND ORIENTATION. |
| Form 990, Part III, Line 4d FORM 990, PART III, LINE 4D: |
ALL OTHER PROGRAM SERVICES INCLUDES RESEARCH AND ACADEMIC SUPPORT. RESEARCH CONSISTS OF EXPENDITURES FOR RESEARCH AND DEVELOPMENT ACTIVITIES THAT ARE FUNDED BY GRANTS OR CONTRACTS FROM FEDERAL, STATE OR LOCAL GOVERNMENTS, FOUNDATIONS OR OTHER OUTSIDE PARTIES. ACADEMIC SUPPORT CONSISTS OF THE OPERATION OF THE UNIVERSITY'S CENTRAL LIBRARY SYSTEM, WRITING CENTER, INSTRUCTIONAL AND ACADEMIC SERVICES, THE LABORATORY SCHOOL FOR LEARNING DISABLED STUDENTS, EARLY CHILDHOOD EDUCATION PROGRAMS, ACADEMIC AFFAIRS, AND THE OPERATION OF TECHNOLOGY RESOURCES FOR THE CAMPUS COMMUNITY. THE CENTRAL LIBRARY SYSTEM OFFERS STUDENTS AND FACULTY ACCESS TO OVER 2 MILLION BOOKS AND AUDIO-VISUAL MATERIALS, AND A NUMBER OF COLLECTIONS. |
| Form 990, Part III, Line 4a 'INSTRUCTION AND FINANCIAL AID" |
THE SCHOOL OF INTERDISCIPLINARY STUDIES (SIS) IS A KEY SPACE COMMITTED TO INTERDISCIPLINARY APPROACHES TO ADDRESS CRITICAL SOCIAL ISSUES OF OUR DAY. SIS IS AN INTELLECTUAL AND INNOVATIVE SPACE THAT NURTURES SCHOLARSHIP THAT EXAMINES RACE, GENDER, SEXUALITY, CLASS, EQUITY, CULTURE, AND COMMUNITY IN AN INTERSECTIONAL FRAMEWORK. SIS IS A PIVOTAL SITE TO ADVANCE INCLUSIVE EXCELLENCE AT TCU THAT OFFERS UNDERGRADUATE MAJORS IN COMPARATIVE RACE AND ETHNIC STUDIES (CRES), WOMEN & GENDER STUDIES (WGST), AND INTERDISCIPLINARY INQUIRY (A DESIGN YOUR OWN MAJOR); MINORS IN CRES, WGST, AFRICAN AMERICAN AND AFRICANA STUDIES, LATINX STUDIES; AND GRADUATE CERTIFICATES IN CRES AND WGST. THE IDEAFACTORY EQUIPS TCU AND THE COMMUNITY WITH THE TOOLS OF HUMAN-CENTERED DESIGN THINKING, AND UNIVERSITY LIFE (UNLF) IS A STUDENT SUCCESS SEMINAR FOR INCOMING TCU STUDENTS. THE MISSION OF THE ADDRAN COLLEGE OF LIBERAL ARTS IS TO ADVANCE LIFE-LONG LEARNING AND DISCOVERY IN THE HUMANITIES, LANGUAGES, AND SOCIAL SCIENCES TO ENHANCE OUR SOCIETY, ELEVATE THE HUMAN CONDITION, AND DEVELOP ETHICAL LEADERS. PROFESSIONAL AND PRE-PROFESSIONAL CURRICULA ARE DELIVERED THROUGH 11 ACADEMIC DEPARTMENTS AND INTERDISCIPLINARY INITIATIVES, INCLUDING, THE CENTER FOR DIGITAL EXPRESSION, THE CENTER FOR TEXAS STUDIES, THE CENTER FOR URBAN STUDIES, AND THE CENTER FOR LANGUAGES AND CULTURES. TCU AND UNTHSC JOINED TOGETHER IN JULY 2015 TO FORM A NEW ALLOPATHIC MEDICAL SCHOOL; THE TCU AND UNTHSC SCHOOL OF MEDICINE IS REDEFINING MEDICAL EDUCATION, BY ABANDONING AN OUTDATED LECTURE MODEL AND ELEVATING THE CLINICAL EXPERIENCE. OUR MISSION IS TO TRANSFORM HEALTH CARE BY INSPIRING EMPATHETIC SCHOLARS. THIS IS ACCOMPLISHED THROUGH SEVERAL NOVEL MODALITIES. COMMUNICATION IS EMBEDDED THROUGHOUT THE CURRICULUM TO CREATE EXCEPTIONAL COMMUNICATORS AND ACTIVE LISTENERS. THE CURRICULUM IS WHOLLY CENTERED ON THE PATIENT, ALLOWING STUDENTS TO RETAIN THE EMPATHY WITH WHICH THEY START MEDICAL SCHOOL. STUDENTS BEGIN SEEING PATIENTS FROM THEIR FIRST WEEK IN MEDICAL SCHOOL AND HAVE ONE-ON-ONE MENTORING RELATIONSHIPS WITH CLINICAL FACULTY FOR ALL FOUR YEARS. PHYSICIAN DEVELOPMENT COACHES FOSTER A PERSONAL RELATIONSHIP THAT CONTRIBUTES TO STUDENT PROFESSIONAL IDENTITY FORMATION WHILE PROVIDING AN ADDITIONAL LAYER OF SUPPORT TOWARD OUR STUDENTS' ACADEMIC SUCCESS AND WELLNESS. STUDENTS LEARN IN AN ADULT-LEARNER MODEL USING FLIPPED CLASSROOMS AND NO LECTURES. WE ALSO UTILIZE AUGMENTED/ARTIFICIAL INTELLIGENCE AND MIXED REALITY TO ADVANCE HOW STUDENTS LEARN AS WE PREPARE THEM FOR THE FUTURE. TCU ALSO OFFERS A BROAD ARRAY OF EXTENDED EDUCATION OPPORTUNITIES. TCU PROVIDES INTERNAL GRANT RESOURCES WHICH ARE AVAILABLE TO THE COLLEGES AND SCHOOLS FOR THE PURPOSE OF SPONSORING NEW AND INNOVATIVE IDEAS FOR INSTRUCTION. THESE RESOURCES ARE AWARDED ON THE BASIS OF MERIT THROUGH A COMPETITIVE PROPOSAL REVIEW PROCESS. TCU IS COMMITTED TO FOSTERING INNOVATION THROUGH THIS APPROACH AS A MEANS TO SUPPORT CONTINUOUS IMPROVEMENT IN ACADEMIC PROGRAMMING. TCU IS COMMITTED TO ENROLLING TALENTED, MOTIVATED STUDENTS FROM DIVERSE BACKGROUNDS. TO THAT END, TCU OFFERS A FULL RANGE OF SCHOLARSHIPS, FINANCIAL AID, AND FINANCING OPTIONS TO FAMILIES OF ALL INCOME LEVELS. APPROXIMATELY 83 PERCENT OF TCU STUDENTS RECEIVE SOME TYPE OF ASSISTANCE FROM THE OFFICE OF SCHOLARSHIPS AND FINANCIAL AID. |
| Form 990, Part III, Line 4d Description of other program services |
(Expenses $ 64,132,635 including grants of $)(Revenue $ 9,661,189) SEE SCHEDULE O |
| Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY |
TCU'S WHISTLEBLOWER POLICY IS INCLUDED IN ITS WRITTEN CODE OF CONDUCT POLICY. THAT POLICY ADDRESSES HOW TO REPORT SUSPECTED VIOLATIONS OR CONCERNS, INCLUDING IDENTIFICATION OF STAFF MEMBERS AND OUTSIDE PARTIES TO WHOM SUCH INFORMATION CAN BE REPORTED, AS WELL AS DISCIPLINARY ACTION FOR ACTS OF RETALIATION. THE CODE OF CONDUCT POLICY HAS BEEN ADOPTED BY THE GOVERNING BOARD OF THE UNIVERSITY AS THE UNIVERSITY'S WHISTLEBLOWER POLICY. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons |
BRENDA CLINE & LUTHER KING - Business relationship, MARK JOHNSON, BRYAN KING, AND LUTHER KING - Business relationship, Luther King, Bryan King - Family relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body |
FORM 990 IS REVIEWED INTERNALLY BY TCU'S FINANCIAL MANAGEMENT, INCLUDING THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, BEFORE BEING PRESENTED TO THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE FOR REVIEW. TCU MANAGEMENT PROVIDES SPECIFIC DISCLOSURES RELATING TO INDIVIDUAL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES TO THE AFFECTED INDIVIDUALS FOR THEIR REVIEW. THE UNIVERSITY'S AUDIT, RISK, AND COMPLIANCE COMMITTEE AND CHANCELLOR REVIEW FORM 990 BEFORE IT IS DISTRIBUTED TO ALL OTHER TRUSTEES. AFTER REVIEW AT ITS SPRING MEETING, THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AUTHORIZES THE ONLINE DISTRIBUTION OF FORM 990 TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. THE FORM 990 REVIEW PROCESS BY THE AUDIT, RISK, AND COMPLIANCE COMMITTEE AND DISTRIBUTION TO ALL TRUSTEES HAS BEEN FORMALLY INCORPORATED INTO TCU'S AUDIT, RISK, AND COMPLIANCE COMMITTEE CHARTER. |
| Form 990, Part VI, Line 12c Conflict of interest policy |
TCU HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR ALL EMPLOYEES AS WELL AS FOR TRUSTEES. OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A WRITTEN COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, ALONG WITH A LIST OF THE NAMES OF OTHER OFFICERS, TRUSTEES, AND KEY EMPLOYEES. THEY ALSO RECEIVE A CONFLICT OF INTEREST STATEMENT THAT MUST BE COMPLETED AND SIGNED, AND RETURNED TO THE CHANCELLOR. THE STATEMENT REQUIRES EACH INDIVIDUAL TO DISCLOSE WHETHER THEY HAVE ANY CONFLICTS OF INTEREST AND TO DESCRIBE THE NATURE OF ANY SUCH CONFLICTS. THE STATEMENT ALSO REQUIRES THE INDIVIDUAL TO DISCLOSE FAMILY RELATIONSHIPS AND BUSINESS RELATIONSHIPS WITH TCU AS WELL AS WITH OTHER OFFICERS, TRUSTEES, OR KEY EMPLOYEES. THE CHANCELLOR'S OFFICE FOLLOWS UP TO ENSURE THAT A SIGNED CONFLICT OF INTEREST STATEMENT IS RECEIVED FROM EACH AFFECTED INDIVIDUAL. THE CHANCELLOR AND THE CHAIR OF THE BOARD OF TRUSTEES REVIEW EACH STATEMENT. ANY POTENTIAL CONFLICTS ARE ALSO REVIEWED WITH TCU'S LEGAL COUNSEL AND FOLLOW UP UNDERTAKEN AS NEEDED TO ADDRESS ANY IDENTIFIED CONCERNS. THE STATEMENTS ARE ALSO PROVIDED TO THE FINANCE DEPARTMENT FOR REVIEW AND FOR FORM 990 DISCLOSURE PURPOSES. WITH RESPECT TO SPECIFIC TRANSACTIONS INVOLVING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST, THE POLICY REQUIRES DISCLOSURE TO BE MADE AT THE EARLIEST POSSIBLE TIME AND ANNUALLY AFTER THAT. IN ACCORDANCE WITH THE POLICY, TRUSTEES OR OFFICERS CANNOT VOTE ON, NOR PARTICIPATE IN DISCUSSING, ANY MATTER IN WHICH THEY HAVE A CONFLICT OF INTEREST, EXCEPT TO PROVIDE INFORMATION. THE CONFLICT OF INTEREST POLICY FOR TCU EMPLOYEES IS AVAILABLE ON TCU'S HUMAN RESOURCES WEBSITE, IN ADDITION TO THE RELATED CONFLICT OF INTEREST DISCLOSURE FORM. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, EMPLOYEES MUST DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE AFTER THEY REALIZE THAT A CONFLICT OR POTENTIAL CONFLICT MAY HAVE ARISEN. THE DISCLOSURE MUST DETAIL THE POTENTIAL OR REAL CONFLICT OF INTEREST AND EXPLAIN HOW THE CONFLICT WILL BE MANAGED, REDUCED, OR ELIMINATED. CONFLICT OF INTEREST DISCLOSURE FORMS FOR EMPLOYEES ARE SUBMITTED TO THE OFFICE OF THE CHIEF FINANCIAL OFFICER AND ARE REVIEWED BY TCU'S FINANCIAL MANAGEMENT. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS REPORTED AND ALLOWED TO EXIST UNDER THE REVIEW OF THE FINANCE OFFICE, IT IS REQUIRED THAT THE CONFLICT OR POTENTIAL CONFLICT BE RECONSIDERED ANNUALLY UNTIL IT IS RESOLVED. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official |
TCU HAS ESTABLISHED THE FOLLOWING PROCEDURE FOR DETERMINING EXECUTIVE COMPENSATION FOR THE CHANCELLOR AND TO ASSURE THAT THE COMPENSATION MEETS THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD. TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS DATA FROM ONE NATIONAL SALARY SURVEY AND PROVIDES ANNUAL SALARY SURVEY COMPENSATION AND BENEFITS DATA TO THE EXECUTIVE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE FOR USE IN DETERMINING THE CHANCELLOR'S SALARY. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHAIR OF THE BOARD APPOINTS A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY TO EVALUATE PERFORMANCE AND TO ASSURE THAT COMPENSATION FOR THE CHANCELLOR IS REASONABLE AND THAT ADEQUATE DOCUMENTATION IS MAINTAINED FOR SUPPORTING THE REASONABLENESS OF COMPENSATION PAID. THE CHAIR OF THE BOARD SERVES AS THE CHAIR OF THE SUBCOMMITTEE. THE SUBCOMMITTEE'S CHARGE INCLUDES REVIEWING THE CHANCELLOR'S SELF-EVALUATION, REVIEWING ANY OTHER MATERIALS SUBMITTED BY THE CHANCELLOR AS PART OF THE EVALUATION, AND REVIEWING THE COMPENSATION PARAMETERS CURRENTLY APPLIED TO THE CHANCELLOR. THE SUBCOMMITTEE MEETS WITH THE CHANCELLOR TO DISCUSS PERFORMANCE AND THE CHAIR OF THE SUBCOMMITTEE/BOARD SUBSEQUENTLY ADVISES THE SECRETARY OF THE BOARD OF THE SUBCOMMITTEE'S COMPENSATION AND BENEFITS RECOMMENDATION FOR THE CHANCELLOR FOR THE COMING ACADEMIC YEAR. THE RECOMMENDATION OF COMPENSATION INCLUDES CONSIDERATION OF PERFORMANCE AS WELL AS CURRENT MARKET COMPENSATION DATA TO ENSURE THE REASONABLENESS OF THE RECOMMENDED COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE TO ASSIST IN EVALUATING AND ESTABLISHING THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2021. THE INDEPENDENT COMPENSATION CONSULTING FIRM REVIEWED FORM 990 DATA FOR COMPENSATION AND BENEFITS PROVIDED TO THE CHANCELLOR ROLE AT A PEER GROUP OF COMPARABLE PRIVATE UNIVERSITIES, AND ALSO REVIEWED THE SALARY SURVEY DATA PROVIDED BY TCU. THE INDEPENDENT COMPENSATION CONSULTING FIRM PREPARED A REASONABLENESS OPINION LETTER BASED UPON ITS REVIEW OF THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2021 AND THE REVIEW OF COMPARABLE MARKET DATA. THE LETTER SERVES TO DOCUMENT THE FIRM'S EVALUATION OF THE APPROVED COMPENSATION AND OUTLINE THE METHODOLOGY, FINDINGS AND THE BASIS FOR ITS OPINION OF ITS REASONABLENESS. IN ADDITION, AN INDEPENDENT LAW FIRM WAS USED BY THE SUBCOMMITTEE TO PREPARE AN EXCESS BENEFIT TRANSACTION LETTER, IN WHICH THE LAW FIRM OPINED THAT THE CHANCELLOR'S COMPENSATION FOR FISCAL YEAR 2021 DID NOT RESULT IN AN EXCESS BENEFIT TRANSACTION. THE CHAIR OF THE BOARD PRESENTS THE SUBCOMMITTEE'S FINAL EVALUATION OF THE CHANCELLOR'S PERFORMANCE AND COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD IN AN EXECUTIVE SESSION AT THE NEXT SCHEDULED MEETING. THE CHAIR OF THE BOARD ADVISES THE FULL BOARD AT THE NEXT SCHEDULED MEETING THAT THE EVALUATION PROCESS WAS CONDUCTED AND COMPLETED AS SET FORTH IN THE EXECUTIVE COMMITTEE CHARTER. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHANCELLOR'S COMPENSATION IN 2021. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees |
TCU HAS ESTABLISHED THE FOLLOWING PROCEDURES FOR DETERMINING EXECUTIVE COMPENSATION FOR OTHER OFFICERS AND EXECUTIVE LEVEL EMPLOYEES. IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE CHARTER OF THE BOARD OF TRUSTEES, THE CHANCELLOR IS RESPONSIBLE FOR PERFORMING ANNUAL EVALUATIONS AND SETTING SALARIES AND OTHER COMPENSATION COMPONENTS FOR SENIOR ADMINISTRATIVE OFFICERS, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATIONS AND COMPENSATION DETERMINATIONS TO THE EXECUTIVE COMMITTEE DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE CHANCELLOR'S RESPONSIBILITIES, TCU'S HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF SALARY SURVEY DATA FOR SALARY COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL POSITIONS. EACH SPRING WHEN THE NEW SURVEY DATA IS RELEASED, TCU'S HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING SALARY INFORMATION FOR THE FOLLOWING POSITIONS: CHANCELLOR, VICE CHANCELLORS, DEANS, AND UNIT HEADS WHOSE JOBS CAN BE MATCHED TO SURVEY DATA. EACH YEAR THE SUPERVISING ADMINISTRATOR MEETS WITH SUBORDINATES AND EVALUATES THEIR PERFORMANCE. THIS EVALUATION BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF THE MERIT INCREASE TO BE AWARDED USING THE SALARY SURVEY SUMMARY OF DATA AS A GUIDELINE FOR MAKING THIS DECISION. THIS PROCESS WAS LAST UNDERTAKEN FOR OFFICERS AND OTHER SENIOR EMPLOYEES IN 2021. AN INDEPENDENT COMPENSATION CONSULTING FIRM WAS USED BY THE SUBCOMMITTEE AND THE CHANCELLOR TO ASSIST IN EVALUATING AND ESTABLISHING THE COMPENSATION FOR DISQUALIFIED PERSONS FOR FISCAL YEAR 2021. THE INDEPENDENT COMPENSATION CONSULTING FIRM PERFORMED AN EXECUTIVE TOTAL REMUNERATION EVALUATION THAT CONFIRMED THE APPROPRIATE PEER GROUP FOR BENCHMARKING PURPOSES; GATHERED COMPENSATION AND BENEFITS DATA FOR EACH OF THE PEERS FROM FORM 990 FILINGS, ADJUSTING DATA AS NEEDED, AND MATCHING EACH EXECUTIVE TO THE APPROPRIATE ROLE; GATHERED ADDITIONAL DATA FROM SALARY SURVEYS PROVIDED BY TCU; DETERMINED THE MARKET POSITIONING OF EACH EXECUTIVE'S TOTAL REMUNERATION (COMPENSATION PLUS BENEFITS) RELATIVE TO THE COMPARATOR GROUPS; PREPARED A REPORT SUMMARIZING FINDINGS AND DISCUSSED FINDINGS WITH TCU; AND PREPARED A REASONABLENESS OPINION LETTER DOCUMENTING TCU'S FINAL PAY DECISIONS REGARDING THE EXECUTIVES. THIS PROCESS WAS LAST UNDERTAKEN FOR DISQUALIFIED PERSONS IN 2021. THE VICE CHANCELLOR OF FINANCE IS RESPONSIBLE FOR PERFORMING THE ANNUAL EVALUATION AND SETTING THE COMPENSATION FOR THE CHIEF INVESTMENT OFFICER, SUBJECT TO LIMITATIONS SET IN THE BUDGET APPROVED BY THE FULL BOARD. THE VICE CHANCELLOR PROVIDES A SUMMARY OF THE ANNUAL EVALUATION AND COMPENSATION DETERMINATION TO THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES DURING A SCHEDULED MEETING AND CITES RELIABLE AND INDEPENDENT COMPARABILITY DATA UPON WHICH COMPENSATION DETERMINATIONS ARE BASED. THE VICE CHANCELLOR MAINTAINS RELEVANT DOCUMENTATION USED FOR COMPENSATION DETERMINATIONS. TO FACILITATE THE VICE CHANCELLOR'S RESPONSIBILITIES, THE HUMAN RESOURCES DEPARTMENT ANNUALLY REVIEWS TWO SOURCES OF COMPENSATION DATA FOR COMPENSATION COMPARISON PURPOSES WITH TCU'S EXECUTIVE LEVEL INVESTMENT STAFF. THE HUMAN RESOURCES DEPARTMENT ALSO ANNUALLY USES A CALCULATION THAT INCLUDES A QUANTITATIVE AND QUALITATIVE ANALYSIS BASED ON THE PERFORMANCE OF THE ENDOWMENT. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE DATA AND SUMMARIZES THE RESULTS INTO A REPORT IDENTIFYING COMPENSATION INFORMATION FOR THE CHIEF INVESTMENT OFFICER. THIS REPORT BECOMES THE BASIS FOR DETERMINING THE AMOUNT OF MERIT INCREASE TO BE AWARDED. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHIEF INVESTMENT OFFICER IN 2021. |
| Form 990, Part VI, Line 19 Required documents available to the public |
TCU DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. TCU MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TCU'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA TCU'S HUMAN RESOURCES WEBSITE. |
| Form 990, Part VIII, Line 2f Other Program Service Revenue |
Other Program Svc Revenue - Total Revenue: 10184963, Related or Exempt Function Revenue: 10175236, Unrelated Business Revenue: 9727, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue |
Other Revenue - Total Revenue: 667843, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 667843; |
| Form 990, Part X, Line 20 TAXABLE AND TAX-EXEMPT BOND LIABILITIES |
THE AMOUNT REPORTED ON LINE 20 INCLUDES TAX-EXEMPT BOND DEBT; REMAINING BOND LIABILITIES ARE REPORTED ON LINE 23. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
OTHER MISC. CHANGES - -709; Post Retirement Benefit Actuarial Change - -1277665; |
Attach to Form 990 or 990-EZ.