| FORM 990, PART VI, SECTION B, LINE 11B |
THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COMPLETE COPY IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ANNUALLY IN JUNE, AN ETHICS COMPLIANCE REPORTING FORM IS SENT TO ALL DIRECTORS FOR THEIR SIGNATURE. THE FINANCE AND ADMINISTRATION COMMITTEE ANNUALLY REVIEWS THE COMPLETED FORMS SO AS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, NO TRANSACTION BETWEEN COLLEGE CRUSADE AND ONE OR MORE INTERESTED PERSONS MAY BE APPROVED UNLESS ALL OF THE FOLLOWING CONDITIONS ARE MET: A) ALL RELEVANT AND MATERIAL FACTS THAT MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE BY THE CRUSADE'S INTEREST ARE DISCLOSED IN GOOD FAITH IN ADVANCE BY SUCH DIRECTOR AND (B) THE BOARD DETERMINES THAT THE DIRECTOR HAS MADE THE DISCLOSURE AND FULLY RESPONDED TO QUESTIONS CONCERNING THE MATTERS REFERRED TO ABOVE AND ESTABLISHED THAT THE CONTRACT OR TRANSACTION IS FAIR AND REASONABLE TO THE CRUSADE. (C) THE BOARD AUTHORIZES SUCH CONTRACT OR TRANSACTION BY A VOTE OF AT LEAST A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT, AND SUCH INTERESTED DIRECTOR IS NOT COUNTED IN DETERMINING THE PRESENCE OF A QUORUM OR IN DETERMINING THE MAJORITY VOTE; AND (D) SUCH INTERESTED DIRECTOR IS NOT PRESENT AT SUCH TIME AS THE VOTE OR DECISION IS MADE. |
| FORM 990, PART VI, SECTION B, LINE 15A |
EVERY 3 YEARS (WHICH IS THE LENGTH OF THE CEO CONTRACT), AN INDEPENDENT CONSULTING ORGANIZATION IS HIRED BY THE COLLEGE CRUSADE TO DEVELOP THE CEO JOB DESCRIPTION, RESEARCH COMPENSATION DATA AND DEVELOP AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS, FOR THE CEO'S COMPENSATION PACKAGE AND EXECUTIVE CONTRACT CONTENT. ANNUALLY, THE CEO'S PERFORMANCE IS EVALUATED BY A BOARD SUB-COMMITTEE, WHICH THEN MAKES RECOMMENDATIONS TO THE FULL BOARD FOR ANY COMPENSATION ADJUSTMENTS. THE REVIEW AND APPROVAL IS DOCUMENTED IN THE BOARD MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN MARCH 2021. THE CEO SETS THE COMPENSATION FOR THE CHIEF PROGRAM OFFICER AND THE CHIEF FINANCIAL & OPERATIONS OFFICER. THE CEO LOOKS AT COMPARATIVE DATA FROM SIMILAR NONPROFITS IN ORDER TO FORMULATE COMPENSATION ADJUSTMENTS. |
| FORM 990, PART VI, SECTION C, LINE 18 |
THE COLLEGE CRUSADE'S FORM 990 IS POSTED TO THE CRUSADE'S WEBSITE WWW.THECOLLEGECRUSADE.ORG AND IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORM 1023 IS MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S IRS NONPROFIT DETERMINATION LETTER IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE COLLEGE CRUSADE'S GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND THE BY-LAWS) ARE AVAILABLE UPON REQUEST, THE CONFLICT OF INTEREST POLICY AS WELL AS THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE CRUSADE'S WEBSITE WWW.THECOLLEGECRUSADE.ORG AND UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN COMMUNITY FOUNDATION 51,104. |
| FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Attach to Form 990 or 990-EZ.