| FORM 990, PART VI, SECTION A, LINE 1A |
EXECUTIVE COMMITTEE. THE BOARD OF TRUSTEES MAY, BY RESOLUTION ADOPTED BY A MAJORITY OF THE ENTIRE BOARD, DESIGNATE FIVE (5) OR MORE TRUSTEES OF THE CORPORATION, ONE OF WHOM SHALL BE THE PRESIDENT, TO CONSTITUTE AN EXECUTIVE COMMITTEE WHICH, TO THE EXTENT PROVIDED IN SUCH RESOLUTION AND CONSISTENT WITH THE ACT, THE CERTIFICATE OF INCORPORATION AND THESE BYLAWS, SHALL HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION'S AFFAIRS DURING INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES. THE CHAIRMAN, VICE-CHAIR, AND THREE OTHER TRUSTEES ARE THE MEMBERS OF THE EXECUTIVE COMMITTEE AND ALL SIT ON THE GOVERNING BODY BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 2 |
SARAH MAY STERN, CHAIR, AND WALTER P. STERN, CHAIR EMERITUS, HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE PRESIDENT AND CEO, AND CFO; AND IT IS ALSO PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD AND ALL OFFICERS. COMPLIANCE WITH THE POLICY IS MONITORED BY THE CORPORATE SECRETARY WHO MAINTAINS THE DISCLOSURE FORMS. EACH YEAR, TRUSTEES AND CORPORATE OFFICERS ARE REQUIRED TO FILL OUT ANNUAL DISCLOSURE FORMS THAT ARE DESIGNED TO ELICIT POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE THROUGH DEALINGS OR RELATIONSHIPS WITH STAFF MEMBERS, TRUSTEES, OR INSTITUTE VENDORS. THESE DISCLOSURES ARE REVIEWED BY THE CORPORATE SECRETARY, THE INSTITUTE PRESIDENT, AND THE CHAIRMAN OF THE BOARD. THE BOARD CHAIRMAN REVIEWS EACH TRANSACTION TO COME BEFORE THE BOARD FOR POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE ASKED TO RECUSE THEMSELVES FROM ANY VOTES THAT MAY ENTAIL A CONFLICT OF INTEREST. ANY IDENTIFIED CONFLICTS OF INTEREST AND APPROPRIATE RECUSALS ARE DOCUMENTED IN THE MINUTES OF EACH BOARD OR COMMITTEE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15A |
THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT AND CEO INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT MEMBERS OF THE COMPENSATION COMMITTEE. COMPARABILITY DATA USED IN THE REVIEW PROCESS IS OBTAINED FROM THE FORM 990 OF OTHER ORGANIZATIONS. THE COMPENSATION DETERMINATION PROCESS IS PERFORMED ON AN ANNUAL BASIS. THIS PROCESS RECENTLY TOOK PLACE IN 2022. THE PROCESS FOR DETERMINING COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE PRESIDENT AND CEO. COMPARABILITY DATA USED IN THE REVIEW PROCESS IS OBTAINED FROM THE FORM 990 OF OTHER ORGANIZATIONS. THE COMPENSATION DETERMINATION PROCESS IS PERFORMED ON AN ANNUAL BASIS. THIS PROCESS RECENTLY TOOK PLACE IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 18 |
FORM 990 IS AVAIBLE ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G |
CONSULTANT- HUDSON SCHOLARS AND PERSONNEL: PROGRAM SERVICE EXPENSES 2,674,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,674,096. CONSULTANT- HONORARIA: PROGRAM SERVICE EXPENSES 542,484. MANAGEMENT AND GENERAL EXPENSES 705. FUNDRAISING EXPENSES 9,000. TOTAL EXPENSES 552,189. CONSULTANT- IT: PROGRAM SERVICE EXPENSES 6,667. MANAGEMENT AND GENERAL EXPENSES 9,538. FUNDRAISING EXPENSES 260,000. TOTAL EXPENSES 276,205. OTHER: PROGRAM SERVICE EXPENSES 921,382. MANAGEMENT AND GENERAL EXPENSES 14,671. FUNDRAISING EXPENSES 90,009. TOTAL EXPENSES 1,026,062. |
Attach to Form 990 or 990-EZ.