Form 990, Part VI, Lines 6,7a, and 7b |
Members The sole member of the corporation is Marist College and the property, voting and other rights and privileges of the sole member shall be as set forth in the bylaws. |
FORM 990, PART VI, LINE 8A + LINE 8B |
Governing Body MARIST REAL PROPERTY SERVICES, INC. ("MRPS") WAS CREATED BY MARIST COLLEGE TO HOLD TITLE TO CERTAIN PARCELS OF LAND & BUILDINGS. MRPS CURRENTLY HOLDS TITLE TO 19 LAND PARCELS IN THE TOWN OF POUGHKEEPSIE. ALL DECISIONS REGARDING THE ACQUISITION OF PROPERTY BY MRPS REQUIRE A REVIEW AND RECOMMENDATION BY MARIST COLLEGE'S BUILDING AND GROUNDS COMMITTEE AND THE APPROVAL OF THE COLLEGE'S FULL BOARD OF TRUSTEES. ALL DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE MARIST COLLEGE BOARD OF TRUSTEES. |
Form 990, Part VI, line, 11a & Part XII |
990 Review Process The organization's Form 990 is presented to the audit committee by the independent accounting firm and reviewed by the Board of Trustees. |
Form 990, Part VI, line 12c |
Conflict of Interest Policy Marist Real Property Services ("MRPS") has formally adopted the conflict of interest policy of its supported organization, Marist College. As an ongoing practice and as required by the College's code of ethics, all officers are required to complete conflict of interest statements on an annual basis in which they are asked to discuss any business relationships they or a member of their families have with the College. Completed statements that indicate a potential conflict of interest are reviewed by the College's Vice President of Business Affairs/CFO, Assistant Vice President for Human Resources, and the Executive Vice President. If a conflict exists, appropriate action is taken to ensure full disclosure or termination of the arrangement. |
Form 990, Part VI, Lines 15a, 15b |
Compensation Review is done by Marist College. |
Form 990,Part VI, Line 19 |
Availability of Document The consolidated financial statement and conflict of interest policy are available on the College's website at www.marist.edu. The governing documents of Marist Real Property Services ("MRPS") are made available upon request from the office of the VP of Business Affairs/CFO of the College. |
Form 990,Part XI, Line 8 |
Land improvements included in Marist College's assets (including depreciation on these improvements) fixed assets disposed on $5,568. |
Form 990, Part XI, Line 9 |
Reconciliation of net Assets In FY16, $874,301 of land and building were added to Marist Real Property. |
Form 990, Part XII, Line 2c |
The organization's financial statements are included in the consolidated financial statements of Marist College and its affiliates. Marist College has a committee that assumes responsibility for oversight of the audit of its consolidated financial statements and selection of an independent accountant. |