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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
SIMPSON COLLEGE
 
Employer identification number

42-0680389
Return Reference Explanation
Form 990, Part VI, Section B, Line 11b The return preparer reviewed a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions were directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to return filing, a meeting of the Audit and Compliance Committee to the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes were made to the Form 990 at the direction of the Audit and Compliance Committee before filing.
Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers and key employees are required to disclose annually interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary.
Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of cabinet-level administrators. The Committee uses comparability data such as survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the Compensation package to the President during the year ended in May 2015.
Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy, and financial statements available to the public.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID: 14000267
Software Version: v1.00