| FORM 990, PART III, LINE 1 |
WITHIN A FRAMEWORK OF HUMANISTIC VALUES AND CONCERN FOR COMMUNITY. OUR UNIQUE EDUCATIONAL PRACTICES, INCLUDING UNPARALLELED TIME WITH FACULTY, AIM AT PREPARING THE WHOLE STUDENT TO SOLVE PROBLEMS IN NEW WAYS, TO CROSS DISCIPLINARY BOUNDARIES, AND TO THINK AND ACT INDEPENDENTLY AS THEY BECOME PROTAGONISTS ON THE WORLD STAGE. |
| FORM 990, PART VI, SECTION B, LINE 11B |
990 REVIEW PROCESS A FULL DRAFT OF FORM 990, WITH THE EXCEPTION OF A REDACTED SCHEDULE B TO PROTECT THE CONFIDENTIALITY OF DONORS, WAS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD TO REVIEW. A REDACTED COPY OF THE 990 WAS PLACED ON THE COLLEGE'S PASSWORD-PROTECTED TRUSTEE PAGE FOR REVIEW BY EACH BOARD MEMBER PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CONFLICT OF INTEREST POLICY THE SECRETARY OF THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. ANNUALLY, THE TRUSTEES ARE SENT THE COLLEGE'S CONFLICT OF INTEREST POLICY BY THE SECRETARY OF THE BOARD. COMPLIANCE IS ACKNOWLEDGED BY SIGNATURE AND RETURN OF THE SIGNED STATEMENT. AT THE SAME TIME, A DISCLOSURE STATEMENT IS COMPLETED IN ORDER TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WITH THE COLLEGE. THE POLICY REQUIRES DISCLOSURE OF ALL POTENTIAL CONFLICTS OF INTEREST TO THE SECRETARY, OR CHAIR OF THE BOARD, AS SOON AS POSSIBLE AFTER THE TRUSTEE LEARNS OF THE CONFLICT. ALL DISCLOSED POTENTIAL CONFLICTS OF INTEREST ARE PRESENTED TO THE BOARD WITH THE MATERIAL FACTS FOR DISCUSSION AND DECISION FOR APPROVAL. THE BOARD SETS FORTH ITS BASIS IN THE MINUTES OF THE MEETING IN WHICH THE DECISION WAS MADE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT TRUSTEES, MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS/SENIOR TEAM MEMBERS WHO ARE NOT TRUSTEES. THE FACULTY TRUSTEE'S SALARY IS SET BY THE PROVOST IN ACCORDANCE WITH FACULTY COMPENSATION POLICIES. THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES DATA TO THE EXECUTIVE COMMITTEE AT THE END OF EACH ACADEMIC YEAR TO PRESENT OBJECTIVE COMPARATIVE INFORMATION ON ALL OFFICERS OF THE COLLEGE. DATA IS COLLECTED FROM 2 SETS OF OBJECTIVE COMPARATIVE PEER GROUPS. THE PRESIDENT PRESENTS TO THE COMMITTEE THE ANNUAL EVALUATION AND SALARY RECOMMENDATION FOR EACH OFFICER FOR THE FOLLOWING ACADEMIC YEAR. THE COMMITTEE APPROVES THE NEW SALARIES. THE COMMITTEE DETERMINES AND APPROVES THE PRESIDENT'S SALARY. THE DETERMINATION IS DOCUMENTED IN THE CONTEMPORANEOUS MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 20, 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 |
AVAILABILITY OF DOCUMENTS, POLICY, AND FINANCIALS THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE BY REQUEST AT MANAGEMENT'S DISCRETION. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 171,458. POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST 10,233. |
Attach to Form 990 or 990-EZ.