TY 2014 Form 990 Schedule O

efile Public Visual Render ObjectId: 201610429349300136 - Submission: 2016-02-11 TIN: 98-0072997

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.
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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

2014

Open to Public
Inspection

Name of the organization

JOHN CABOT UNIVERSITY

Employer identification number

98-0072997

Return Reference	Explanation
Form 990, Part V, Line 2a	The total number of US employees that received a W2 form is 22, the total number of non US employees not reported with the W3 form is 256 as they received the Italian tax form (CUD) and therefore do not need to report their earnings in the US.
Form 990, Part VI, Section A, Line 8b	Minutes are taken.
Form 990, Part VI, Section B, Line 11b	The policy on COI is not available to the public, but only to employees of the organization, the Board of Trustees and auditors.
Form 990, Part VI, Section B, Line 12c	The policy on conflict of interest is specified in the employment manual. To avoid a COI the university has a separation of duties and powers and a proper bidding process for purchases exceeding a specific dollar amount.
Form 990, Part VI, Section B, Line 15	Details have been included in schedule O.
Form 990, Part VI, Section C, Line 19	A copy of the form 990 was not provided to the university's Board of Trustees prior to filing. The Vice President for Finance reviews it with the President, who signs the return prior to filing. JCU has established a Conflict of Interest policy which has been reviewed and approved by the Board of Trustees. While JCU's Board of Trustees is not currently required to sign an annual statement that they are free from conflicts of interest, as part of their position on the Board they are expected to disclose to the university and the remainder of the Board participation in any activities or circumstances that may present a conflict of interest as soon as they become aware of it. JCU does not make its governing documents, conflict of interest policy or financial statements available to the public. The salary of the President has been decided by a Board Commitee. The salary of the Directors and key employees is decided by the President. The company philosophy is to match the market on average pay, identifying the median.
Form 990, Part XI, Line 9	The difference of USD (3,455,949) in change in net assets is due to the EUR recalculation of the assets at the June 30 2015 exchange rate.

Return Reference

Explanation

Form 990, Part V, Line 2a

The total number of US employees that received a W2 form is 22, the total number of non US employees not reported with the W3 form is 256 as they received the Italian tax form (CUD) and therefore do not need to report their earnings in the US.

Form 990, Part VI, Section A, Line 8b

Minutes are taken.

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

The policy on COI is not available to the public, but only to employees of the organization, the Board of Trustees and auditors.

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

The policy on conflict of interest is specified in the employment manual. To avoid a COI the university has a separation of duties and powers and a proper bidding process for purchases exceeding a specific dollar amount.

Form 990, Part VI, Section B, Line 15

Details have been included in schedule O.

Form 990, Part VI, Section C, Line 19

A copy of the form 990 was not provided to the university's Board of Trustees prior to filing. The Vice President for Finance reviews it with the President, who signs the return prior to filing. JCU has established a Conflict of Interest policy which has been reviewed and approved by the Board of Trustees. While JCU's Board of Trustees is not currently required to sign an annual statement that they are free from conflicts of interest, as part of their position on the Board they are expected to disclose to the university and the remainder of the Board participation in any activities or circumstances that may present a conflict of interest as soon as they become aware of it. JCU does not make its governing documents, conflict of interest policy or financial statements available to the public. The salary of the President has been decided by a Board Commitee. The salary of the Directors and key employees is decided by the President. The company philosophy is to match the market on average pay, identifying the median.

Form 990, Part XI, Line 9

The difference of USD (3,455,949) in change in net assets is due to the EUR recalculation of the assets at the June 30 2015 exchange rate.

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

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