TY 2013 Form 990 Schedule O

efile Public Visual Render ObjectId: 201531129349300013 - Submission: 2015-04-20 TIN: 41-0969244

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

COLLEGE OF ST BENEDICT

Employer identification number

41-0969244

Return Reference	Explanation
Form 990, Part VI, Section A, Line 7a	As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees
Form 990, Part VI, Section A, Line 7b	As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees; 2)approve any merger, acquisition, or dissolution of the Corporation; 3)approve the sale or encumbrance of all or substantially all of the assets of the Corporation;4)amend the Articles of Incorporation, or 5)make and amend the Bylaws of the Corporation. The Corporate Members are the Sisters of the Order of St. Benedict.
Form 990, Part VI, Section B, Line 11b	The subcommittee of the Board of Trustees known as the Audit Committee reviews the 990 during the spring meeting prior to filing the form and the form is made available for review by all board members prior to filing.
Form 990, Part VI, Section B, Line 12c	The Audit Committee reviews all disclosures on the Conflict of Interest policy annually
Form 990, Part VI, Section B, Line 15	In accordance with the employee handbook, the compensation plan is designed to ensure positions are competitively valued relative to comparable jobs in the market. The Human Resources department does a comparison of job descriptions to position descriptions in the marketplace annually. The comparison for administrative and support staff positions are approved by the President or Board of Trustees and a salary range is created based on this comparison. The President's salary is reviewed and determined by the Board of Trustees. The positions are compared to similar institutions of higher education with respect to enrollment, budget, and Carnegie classification found in the College and University Personnel Association salary survey.
Form 990, Part VI, Section C, Line 19	Governing documents and conflict of interest policy are not available to the public, but would be made available upon request. The financial statements are available on the website.
Form 990, Part XI, Line 9	Adjustment of actuarial liability on annuities in the amount of $278,559.

Return Reference

Explanation

Form 990, Part VI, Section A, Line 7a

As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees

Form 990, Part VI, Section A, Line 7b

As stated in the Articles of Incorporation, the Corporate Members retain the following reserved powers 1)appoint those persons who serve as voting members of the Board of Trustees; 2)approve any merger, acquisition, or dissolution of the Corporation; 3)approve the sale or encumbrance of all or substantially all of the assets of the Corporation;4)amend the Articles of Incorporation, or 5)make and amend the Bylaws of the Corporation. The Corporate Members are the Sisters of the Order of St. Benedict.

Form 990, Part VI, Section B, Line 11b

The subcommittee of the Board of Trustees known as the Audit Committee reviews the 990 during the spring meeting prior to filing the form and the form is made available for review by all board members prior to filing.

Form 990, Part VI, Section B, Line 12c

The Audit Committee reviews all disclosures on the Conflict of Interest policy annually

Form 990, Part VI, Section B, Line 15

In accordance with the employee handbook, the compensation plan is designed to ensure positions are competitively valued relative to comparable jobs in the market. The Human Resources department does a comparison of job descriptions to position descriptions in the marketplace annually. The comparison for administrative and support staff positions are approved by the President or Board of Trustees and a salary range is created based on this comparison. The President's salary is reviewed and determined by the Board of Trustees. The positions are compared to similar institutions of higher education with respect to enrollment, budget, and Carnegie classification found in the College and University Personnel Association salary survey.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are not available to the public, but would be made available upon request. The financial statements are available on the website.

Form 990, Part XI, Line 9

Adjustment of actuarial liability on annuities in the amount of $278,559.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

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