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FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF THE COMPLETED FORM 990, INCLUDING ALL SCHEDULES AND ATTACHMENTS IS PRESENTED FIRST TO THE ORGANIZATION'S FINANCE COMMITTEE AND THEN TO THE EXECUTIVE COMMITTEE FOR REVIEW. UPON APPROVAL, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS WITH THE FINANCE AND EXECUTIVE COMMITTEES' RECOMMENDATION FOR APPROVAL. ONCE APPROVED, THE 990 IS SIGNED AND FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, KEY EMPLOYEES AND TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE . THE CLERK REVIEWS THE QUESTIONAIRES FOR CONFLICTS. INDIVIDUALS WITH CONFLICTS ARE BARRED FROM VOTING OR PARTICIPATING IN CONFLICTING MATTERS. CONFLICTS ARE DISCLOSED IN THE ANNUAL AUDITED FINANCIAL STATEMENTS AND IN THE 990. |
FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE PRESIDENT, TREASURER AND ASSISTANT CLERK ARE DETERMINED BY THE GOVERNANACE COMMITTEE OF THE BOARD. THE COMMITTEE CONSIDERS COMPARATIVE DATA OF SIMILAR POSITIONS OF COMPARABLE SIZED COLLEGES IN THE REGIONS. FOR THE PRESIDENT AND TREASURER, THE COLLEGE ALSO ENGAGED AN OUTSIDE CONSULTANT TO HELP IN THE PROCESS. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY. |
FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS AND FORM 990 CAN BE OBTAINED BY THE GENERAL PUBLIC VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE GENERAL PUBLIC, BUT AVAILABLE UPON REQUEST. |
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