| Form 990, Part VI, Section A, line 1 |
The College has an executive committee who has broad authority to act on behalf of the Board of Trustees. The executive committee is comprised of trustees who are currently serving on the governing Board of Trustees. |
| Form 990, Part VI, Section B, line 11 |
Management presents the Form 990 to the Audit Committee for a detailed review. Once the Audit Committee has completed their review, management provides the return to the full Board of Trustees. The full board receives the Form 990 before it is filed with the IRS. The Form 990 is posted in the electronic board book and trustees are notified when the return is available. The return is given to the full board as it is filed. |
| Form 990, Part VI, Section B, line 12c |
The College has a written conflict of interest policy. Each member of the Board of Trustees or an Advisory Board is given the written policy and is requested to review and understand the terms of the policy and to immediately disclose any possible financial, personal, familial, or business relationship that may give rise to a conflict. Each Trustee completes an annual disclosure form. The disclosure forms are reviewed annually by Management and the Audit Committee Chair. |
| Form 990, Part VI, Section B, line 15 |
The College has a formal compensation committee who reviews and recommends to the full board the compensation for the top management officials. |
| Form 990, Part VI, Section C, line 19 |
The College has made the annual audited financial statements available to the general public by posting the statements on the website of Middlebury College. The College will also provide copies upon request and copies are available in the financial offices. The conflict of interest policy is also posted on the website. The College's Form 990 is available through Guidestar.org. |
| Form 990, Part XI, line 9: |
Change in deferred gifts 1,263,575. |
| Part XII, Line 2c |
Middlebury has not changed its oversight of the audit or selection of the independent accountant process. |
| Porm 990, Part VI, Section B. Line 15 |
The Compensation Committee consists of the Chair, Vice Chair(s) and one Trustee appointed by the Chair. The Committee establishes goals for the President and the annual performance appraisal process. The Committee reviews and sets total compensation for the President of the College as well as reviews and comments on compensation and contracts for other senior officers of the College. The Committee is authorized to engage legal counsel and compensation consultants as appropriate. The Compensation Committee normally meets in late June to complete the presidential assessment for the current year and sets goals for the following year. The Treasurer reviews with the Committee the IRS Form 990. The Treasurer reviews with the Committee comparable compensation data prepared by an independent third party compensation consultant. The President provides to the Committee performance reviews of senior administrators. |
Attach to Form 990 or 990-EZ.