| FORM 990, PART VI, SECTION A, LINE 3 |
THE ORGANIZATION HAS ENGAGED IMAGINE EARLY LEARNING CENTERS, LLC ("IMAGINE")TO PROVIDE CHILD CARE SERVICES TO CHILDREN OF STUDENTS AT THE COLLEGE THROUGH JUNE 30, 2019. PER THE CONTRACT WITH IMAGINE, THE CONTRACTOR HAS DESIGNATED A DIRECTOR RESPONSIBLE FOR IMPLEMENTATION OF THE CONTRACT WHO HAS AUTHORITY TO RESOLVE PROBLEM WITH REGARD TO INVENTORY, STAFF/PARENT RELATIONS, ADMINISTRATIVE ISSUES AND THE LIKE. FOR THE YEAR ENDED JUNE 30, 2016, FEES PAID TO IMAGINE EARLY LEARNING CENTERS, LLC WAS $79,880. |
| FORM 990, PART VI, SECTION A, LINE 4 |
THE ORGANIZATION AMENDED ITS BY-LAWS TO REFLECT THE FOLLOWING CHANGES: ARTICLE II - DIRECTORS AND OFFICERS. SECTION 1 - POWERS AND DUTIES: THE NUMBER OF DIRECTORS INCREASED FROM NINE (9) TO ELEVEN (1), WITH THE FOLLOWING COMPOSITION CHANGES: THE CASA PRESIDENT OR DESIGNATED MEMBER OF THE CASA EXECUTIVE BOARD SHALL NOW BE THE STUDENT GOVERNMENT ASSOCIATION PRESIDENT OF DESIGNATED MEMBER OF THE STUDENT GOVERNMENT ASSOCIATION EXECUTIVE BOARD. TWO INDEPENDENT DIRECTORS APPOINTED BY THE PRESIDENT OF LEHMAN COLLEGE. SECTION 2 - QUALIFICATIONS: EACH DIRECTORS SHALL BE AT LEAST 18 YEARS OF AGE. ADMINISTRATION AND FACULTY DIRECTORS SHALL BE FULL-TIME EMPLOYEES OF THE COLLEGE. STUDENT DIRECTORS SHALL BE STUDENTS IN GOOD STANDING ENROLLED AT THE COLLEGE. ARTICLE III. COMMITTEES. THE BOARD OF DIRECTORS HAVE THE AUTHORITY TO ESTABLISH SUCH COMMITTEES AS IT SHALL DEEM NECESSARY AND ADVISABLE. THE ORGANIZATION ESTABLISHED AN AUDIT COMMITTEE CONSISTING OF TWO INDEPENDENT DIRECTORS AND ONE STUDENT DIRECTORS ELECTED BY THE BOARD, WHO ALSO MEETS THE DEFINITION OF INDEPENDENT DIRECTOR. ADDITION OF ARTICLE X. DISSOLUTION. IN EVENT OF DISSOLUTION, ALL REMAINING ASSETS AND PROPERTY OF THE CORPORATION, AFTER DEDUCTION OF NECESSARY EXPENSES, SHALL NO LONGER DIRECTLY PASS TO THE HERBERT H. LEHMAN COLLEGE OR ANY SUCCESSOR THEREOF, ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES, BUT SHALL BE DISTRIBUTED, AS DETERMINED BY THE BOARD OF DIRECTORS AND APPROVED BY ORDER OF A JUSTICE OF THE SUPREME COURT OF THE STATE OF NEW YORK, TO THE CITY UNIVERSITY OF NEW YORK FOR THE USE AND BENEFIT OF THE COLLEGE OR ANY SUCCESSOR THEREOF, OR TO AN ORGANIZATION WHICH SUPPORTS THE COLLEGE OR ANY OR ANY SUCCESSOR THEREOF, ORGANIZED WHICH SUPPORTS THE COLLEGE OR ANY SUCCESSOR THEREOF AND WHICH SATISFIES SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. |
| FORM 990, PART VI, SECTION B, LINE 11 |
THE LEHMAN COLLEGE STUDENT CHILD CARE CENTER, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS CIRCULATED TO THE BOARD OF DIRECTORS FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO EACH DIRECTOR AND OFFICER, AS WELL AS TO EACH MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE CORPORATION'S BOARD, AND TO ALL OTHER PERSONS WORKING ON BEHALF OF THE CORPORATION IN POSITIONS OF SIGNIFICANT RESPONSIBILITY (I.E. "MANAGERS".) IT IS THE DUTY OF EACH DIRECTOR, OFFICER, COMMITTEE MEMBER, AND MANAGER TO FULLY DISCLOSURE TO THE CORPORATION THE EXISTENCE OF ANY CONFLICT OF INTEREST. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST AND DUE CONSIDERATION OF THE FACTS, THE BOARD OF DIRECTORS OF THE CORPORATION OR A DULY CONSTITUTED COMMITTEE OF THE BOARD SHALL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS. THE INDIVIDUAL WITH THE POTENTIAL CONFLICT OF INTEREST MUST NOT PARTICIPATE IN, NOR BE PRESENT DURING, ANY DISCUSSION OR VOTE REGARDING THE POTENTIAL CONFLICT OF INTEREST, EXCEPT TO MAKE A PRESENTATION OR OTHERWISE DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD-DELEGATED POWERS SHALL CONTAIN THE FACTS AND CIRCUMSTANCES RELATING TO ANY MATTERS CONCERNING CONFLICTS OF INTEREST. EACH DIRECTOR, OFFICER, MANAGER, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS IS REQUIRED TO ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION THAT OPERATES FOR THE PUBLIC GOOD AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THIS PROESS WAS LAST UNDERTAKEN IN FEBRUARY 2016. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE IN THE COLLEGE LIBRARY REFERENCE SECTION. FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT: HTTP://WWW.LEHMAN.EDU/ADMINISTRATION/BUSINESS-OFFICE/CAMPUS-ACTIVITIES/STUD |
| FORM 990, PART XII, LINE 2C: |
DURING FISCAL YEAR 2016, THE ORGANIZATION DEVELOPED AN AUDIT COMMITTEE. THE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. |
Attach to Form 990 or 990-EZ.