TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202411319349304046 - Submission: 2024-05-10 TIN: 58-0566199

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

LAGRANGE COLLEGE

Employer identification number

58-0566199

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	INDEPENDENT ACCOUNTANTS PREPARE FORM 990. MANAGEMENT REVIEWS THE RETURN PRIOR TO FILING. MANAGEMENT DISTRIBUTES A COPY OF FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTEE CHAIRMAN PRESENTS AND DISCUSSES THE 990 RETURN WITH ALL THE BOARD MEMBERS AT THE SPRING BOARD MEETING PRIOR TO MANAGEMENT FILING.
FORM 990, PART VI, SECTION B, LINE 12C	INDIVIDUALS MUST DISCLOSE IN WRITING ANY POTENTIAL OR ACTUAL KNOWN CONFLICTS OF INTEREST. DISCLOSURE BY MEMBERS OF THE BOARD OF TRUSTEES (BOARD) AND THE PRESIDENT SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD. DISCLOSURE BY THE BOARD CHAIRMAN SHOULD BE DIRECTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. DISCLOSURE BY ALL OTHER AFFILIATES OF THE COLLEGE SHOULD BE DIRECTED TO THE VICE PRESIDENT FOR FINANCE AND OPERATIONS OR THE PRESIDENT. DISCLOSURE BY THE VICE PRESIDENT FOR FINANCE AND OPERATIONS SHOULD BE DIRECTED TO THE PRESIDENT. IF THE PERSON RECEIVING THE DISCLOSURE PERCEIVES A CONFLICT MAY EXIST, THAT PERSON SHALL CONVENE A COMMITTEE OF PEERS TO INVESTIGATE THE CONFLICT, DECIDE AS TO WHETHER A CONFLICT EXISTS AND OFFER A DECISION AS TO WHETHER CONTINUING IN THE ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	LAGRANGE COLLEGE'S BOARD OF TRUSTEES DESIGNATED THE EXECUTIVE COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. THE PRACTICES AND PROCESSES ARE DESIGNED TO AVOID ANY CLAIM FOR INTERMEDIATE SANCTIONS AND TO SATISFY THE REQUIREMENTS TO OBTAIN THE REBUTTABLE PRESUMPTION. LAGRANGE COLLEGE HAS A FULL-TIME HUMAN RESOURCES DIRECTOR AND USES COMPARABLE DATA FROM SOURCES LIKE THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) FOR BENCHMARKING EXERCISES IN SETTING MEDIAN SALARY RANGES.
FORM 990, PART VI, SECTION C, LINE 19	LAGRANGE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
FORM 990, PART XII, LINE 2C	THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS OF AUDITORS AND FINANCIAL STATEMENT OVERSIGHT.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

INDEPENDENT ACCOUNTANTS PREPARE FORM 990. MANAGEMENT REVIEWS THE RETURN PRIOR TO FILING. MANAGEMENT DISTRIBUTES A COPY OF FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD. THE FINANCE COMMITTEE CHAIRMAN PRESENTS AND DISCUSSES THE 990 RETURN WITH ALL THE BOARD MEMBERS AT THE SPRING BOARD MEETING PRIOR TO MANAGEMENT FILING.

FORM 990, PART VI, SECTION B, LINE 12C

INDIVIDUALS MUST DISCLOSE IN WRITING ANY POTENTIAL OR ACTUAL KNOWN CONFLICTS OF INTEREST. DISCLOSURE BY MEMBERS OF THE BOARD OF TRUSTEES (BOARD) AND THE PRESIDENT SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD. DISCLOSURE BY THE BOARD CHAIRMAN SHOULD BE DIRECTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. DISCLOSURE BY ALL OTHER AFFILIATES OF THE COLLEGE SHOULD BE DIRECTED TO THE VICE PRESIDENT FOR FINANCE AND OPERATIONS OR THE PRESIDENT. DISCLOSURE BY THE VICE PRESIDENT FOR FINANCE AND OPERATIONS SHOULD BE DIRECTED TO THE PRESIDENT. IF THE PERSON RECEIVING THE DISCLOSURE PERCEIVES A CONFLICT MAY EXIST, THAT PERSON SHALL CONVENE A COMMITTEE OF PEERS TO INVESTIGATE THE CONFLICT, DECIDE AS TO WHETHER A CONFLICT EXISTS AND OFFER A DECISION AS TO WHETHER CONTINUING IN THE ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST.

FORM 990, PART VI, SECTION B, LINE 15

LAGRANGE COLLEGE'S BOARD OF TRUSTEES DESIGNATED THE EXECUTIVE COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. THE PRACTICES AND PROCESSES ARE DESIGNED TO AVOID ANY CLAIM FOR INTERMEDIATE SANCTIONS AND TO SATISFY THE REQUIREMENTS TO OBTAIN THE REBUTTABLE PRESUMPTION. LAGRANGE COLLEGE HAS A FULL-TIME HUMAN RESOURCES DIRECTOR AND USES COMPARABLE DATA FROM SOURCES LIKE THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA) FOR BENCHMARKING EXERCISES IN SETTING MEDIAN SALARY RANGES.

FORM 990, PART VI, SECTION C, LINE 19

LAGRANGE COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.

FORM 990, PART XII, LINE 2C

THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS OF AUDITORS AND FINANCIAL STATEMENT OVERSIGHT.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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