2025-04-15T08:51:47-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-06-01 042199867 CURRY COLLEGE CURR 6173332302 1071 BLUE HILL AVENUE MILTON MA 02186 STEPHEN NEDDER CFO 6173332302 2025-04-14 1 1 LAURA J KENNEY P00202198 6177170831 2025-04-14 2023 2025-03-06 01:10:19Z JAY GONZALEZ 1071 BLUE HILL AVENUE MILTON MA 02186 199673980 0 X WWW.CURRY.EDU X 1879 MA TO ENGAGE STUDENTS IN PREPARING FOR SUCCESSFUL CAREERS AND ACTIVE CITIZENSHIP WITH A GLOBAL PERSPECTIVE. 16 14 1305 20 0 0 2356039 4603716 97993228 99759660 2239304 4243844 314873 1574476 102903444 110181696 39182578 41531843 0 0 44089561 44880175 0 0 1169303 35585867 35985968 118858006 122397986 -15954562 -12216290 200026590 197493914 78107871 76915300 121918719 120578614 X CURRY COLLEGE IS AN INCLUSIVE COMMUNITY OF DIVERSE LEARNERS AND EDUCATORS, COMMITTED TO CONTINUING OUR LEGACY OF DEVELOPING EFFECTIVE COMMUNICATORS WITH REFLECTIVE AND CRITICAL THINKING SKILLS. 0 0 70978957 41531843 78420842 INSTRUCTION - FOUNDED IN 1879, CURRY COLLEGE IS A 145 YEAR OLD PRIVATE, INDEPENDENT INSTITUTION GRANTING UNDERGRADUATE AND GRADUATE DEGREES TO A COMBINED ENROLLMENT OF APPROXIMATELY 1,971 FULL AND PART TIME STUDENTS. THE COLLEGE OFFERS 34 UNDERGRADUATE DEGREES AND FIVE MASTERS DEGREES. THE COLLEGE DRAWS ITS STUDENTS FROM 21 STATES AND 6 COUNTRIES. THE COMBINED FACULTY AND STAFF AT CURRY TOTAL APPROXIMATELY 678. 21679452 0 0 STUDENT SERVICES - CURRY COLLEGE OFFERS A WIDE VARIETY OF EXTRA AND COCURRICULAR ACTIVITIES. THESE INCLUDE 17 DIVISION III NCAA ATHLETIC TEAMS, INTRAMURAL SPORTS AND APPROXIMATELY 35 STUDENT CLUBS AND GROUPS. 12110627 0 21338818 AUXILIARY ENTERPRISES - CURRY COLLEGE PROVIDES HOUSING AND MEAL SERVICES TO STUDENTS. MORE THAN 1,114 STUDENTS RESIDE ON CAMPUS IN 18 DIFFERENT RESIDENCE HALLS. 4551518 0 0 ACADEMIC SUPPORT - CURRY COLLEGE ACADEMICALLY SUPPORTS STUDENTS WITH OUR ACADEMIC ENRICHMENT CENTER, CAMPUS LIBRARY, ACADEMIC COMPUTING, ACADEMIC DEAN'S OFFICE, AND ACCESSIBILITY SERVICES. 4551518 0 0 109320554 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 3061 0 1 1305 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO MA MI NV NY SC WA X STEPHEN NEDDER - EVP OF ADMIN & FINANCECFO 6173332302 1071 BLUE HILL AVE MILTON MA 02186 JUAN GONZALEZ PRESIDENT (AS OF 07/2023) 40.00 X X 217682 0 13379 DAVID K HEMENWAY CHAIR OF THE BOARD (AS OF 10/2023) 1.00 X X 0 0 0 W PATRICK HUGHES CHAIR OF THE BOARD (UNTIL 10/2023) 1.00 X X 0 0 0 KENNETH WAGNER VICE CHAIR (AS OF 10/2023) 1.00 X 0 0 0 DR JOHN J SANTILLI TRUSTEE/SEC./CLERK (AS OF 10/2023) 1.00 X X 0 0 0 DR RUTH ELLEN FITCH TRUSTEE/TREASURER (AS OF 10/2023) 1.00 X X 0 0 0 ROBERT E BALLETTO TRUSTEE/TREASURER (UNTIL 10/2023) 1.00 X 0 0 0 ARTHUR BERNARD TRUSTEE (AS OF 02/2024) 1.00 X 0 0 0 KIERAN CLARKE TRUSTEE (AS OF 12/2023) 1.00 X 0 0 0 SUSAN GRIFFIN TRUSTEE (AS OF 02/2024) 1.00 X 0 0 0 VINCENT J LOMBARDO TRUSTEE (UNTIL 06/2023) 1.00 X 0 0 0 JOHN T MAHONEY III ESQ TRUSTEE 1.00 X 0 0 0 ANNE MARGULIES TRUSTEE (AS OF 01/2024) 1.00 X 0 0 0 DR JOYCE A MURPHY TRUSTEE 1.00 X 0 0 0 ROBERT M PLATT TRUSTEE (UNTIL 10/2023) 1.00 X 0 0 0 JOSEPH P PLUNKETT III TRUSTEE 1.00 X 0 0 0 CHRISTINE A PULGINI ESQ TRUSTEE 1.00 X 0 0 0 MITCHELL I QUAIN TRUSTEE (UNTIL 10/2023) 1.00 X 0 0 0 KATHRYN M SARDELLA VICE CHAIR/TRUSTEE (AS OF 10/2023) 1.00 X 0 0 0 PETER THURMOND TRUSTEE (AS OF 01/2024) 1.00 X 0 0 0 ANDREW B WRUBLIN TRUSTEE 1.00 X 0 0 0 KENNETH K QUIGLEY JR PRESIDENT (UNTIL 08/2024) 40.00 X 565484 0 55135 DAVID M ROSATI UNTIL 072023 EXECUTIVE VICE PRESIDENT/CFO 40.00 X 221712 0 35939 STEPHEN NEDDER AS OF 112023 EVP ADMINISTRATION AND FINANCE/CFO 40.00 X 13846 0 0 ROBERT E SHEA VP OF ACADEMIC AFFAIRS/PROVOST 40.00 X 210181 0 28341 MARK H NESTOR CHIEF INFORMATION OFFICER 40.00 X 373639 0 43699 DEBRA A PETRIZZO WILKINS PROFESSOR 40.00 X 237151 0 29129 ALISON POOR-DONAHUE PROFESSOR 40.00 X 219567 0 32266 ELIZABETH G DELANO DYKAS PROFESSOR 40.00 X 203776 0 16384 ANTHONY FABRIZIO JR PROFESSOR 40.00 X 192277 0 32882 2455315 0 287154 109 0 1 0 SODEXO INC AND AFFLILIATES PO BOX 360170 PITTSBURGH PA 15251 DINING/FOOD SERVICES 5997986 MCGARR SERVICE CORPORATION 311 ARSENAL ST WATERTOWN MA 02472 HOUSEKEEPING SERVICES 1946293 CARNEGIE DARTLETT LLC 210 LITTLETON RD SUITE 100 WESTFORD MA 018863513 MARKETING, DESIGN AND ENROLLMENT SERVICE 1098379 VISIONPOINT MARKETING 150 FAYETTEVILLE ST SUITE 300 RALEIGH NC 27601 MARKETING AND BRANDING SERVICES 668149 ABSOLUTE GENERAL CONTRACTING 75 STANDISH RD MILTON MA 02186 GENERAL CONTRACTOR 535344 13 31291 69605 4502820 4603716 TUITION AND FEES 900099 78420842 78420842 RESIDENCE HALLS 721000 12397101 12397101 MEAL PLANS 722320 8829793 8829793 BOOKSTORE 459210 111924 111924 99759660 2053700 2053700 1487 1487 91564430 97493 89386707 85072 2177723 12421 2190144 2190144 11454 31291 20505 -9051 -9051 SPORTS CAMP REVENUE 900099 254524 254524 FACILITIES REVENUE 900099 181154 181154 1146362 1146362 1582040 110181696 99759660 0 5818320 110000 110000 41421843 41421843 2345548 929889 1415659 32420628 29311507 2518555 590566 2004186 1776304 193837 34045 5292949 4642318 554546 96085 2816864 2447070 324267 45527 410311 410311 195838 195838 407216 407216 11301751 9037904 2126555 137292 625544 585452 40092 772021 713950 50064 8007 1634517 1545788 83620 5109 4706550 4340188 366362 755440 709406 40513 5521 213297 164798 47128 1371 1794789 1680972 73781 40036 7223011 6771721 359741 91549 857348 2488 854860 BAD DEBT EXPENSES 1737500 1737500 INSTRUCTIONAL SUPPLIES 612633 612633 EVENTS/ENTERTAINMENT 428884 371468 33493 23923 UTILITIES & MAINTENANCE 413880 359763 54117 1895438 407355 1451928 36155 122397986 109320554 11908129 1169303 1130 1225351 8236853 4398173 2836800 4468523 2196116 2197325 305080 299027 474216 1024574 223180125 127783259 97633660 95396866 88342735 72512522 15971553 200026590 197493914 8630067 10138787 2711147 3831570 65606069 62054044 1160588 890899 78107871 76915300 X 113885415 111649406 8033304 8929208 121918719 120578614 200026590 197493914 -12216290 10876185 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88342735 42000 14578816 112690 14366786 88484075 91414240 44646 -702181 48341 2365659 88342705 99259350 4652764 -8154892 176276 4166706 91414240 90354283 620193 30087623 97537 21705212 99259350 93874024 550684 4362864 87463 8345826 90354283 0.94800 0.02000 0.03200 0 0 2564911 2564911 168027995 82237560 85790435 830945 562345 268600 26921156 24994222 1926934 24835118 19989132 4845986 95396866 ALTERNATIVE INVESTMENTS 15971553 F 15971553 GOVERNMENT ADVANCES - STUDENT LOANS 629697 RIGHT OF USE LIABILITIES 261202 890899 X 79203894 10876185 10876185 68327709 407216 41446771 41853987 110181696 80543999 0 80543999 407216 41446771 41853987 122397986 PART V, LINE 4: THE COLLEGE INTENDS TO USE ALL OF ITS ENDOWMENT FUNDS IN SUPPORT OF ITS EXEMPT PURPOSE. RESTRICTED FUNDS WILL BE USED IN A MANNER CONSISTENT WITH DONOR RESTRICTIONS FOR SCHOLARSHIPS, FACILITIES SUPPORT, AND VARIOUS STUDENT SERVICES. UNRESTRICTED FUNDS WILL BE USED AS DIRECTED AND APPROVED BY THE COLLEGE'S GOVERNING BOARD. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 41,531,843. LOSS ON DISPOSAL OF FIXED ASSET -85,072. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 41,531,843. LOSS ON DISPOSAL OF FIXED ASSET -85,072. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CURRY COLLEGE IS AN INDEPENDENT NONSECTARIAN INSTITUTION THAT ADMITS STUDENTS WHO HAVE THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND TO MEET THE REQUIREMENTS OF THE COLLEGE. NO STUDENT IS DENIED ADMISSION ON THE GROUNDS OF RACE, RELIGION, COLOR, SEX, AGE, ETHNIC OR NATIONAL ORIGIN OR ANCESTRY, PHYSICAL OR MENTAL DISABILITY, PREGNANCY, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, GENETIC INFORMATION, VETERAN OR MILITARY STATUS, MEMBERSHIP IN THE UNIFORMED SERVICES, OR ANY OTHER PROTECTED STATUS AND PROVIDED THAT HE OR SHE HAS THE NECESSARY PREPARATION AND ACADEMIC BACKGROUND. THIS INFORMATION IS PUBLISHED IN VARIOUS LITERATURE PROMOTING THE COLLEGE AND THE ANNUAL CURRY COLLEGE COURSE CATALOG. THE COLLEGE'S NONDISCRIMINATION POLICY CAN BE FOUND ON ITS WEBSITE AT WWW.CURRY.EDU. SCHEDULE E, PART I, LINE 6 CERTAIN STUDENTS OF THE COLLEGE RECEIVE FINANCIAL AID FROM THE STATE AND FEDERAL GOVERNMENTS IN THE FORM OF GRANTS AND LOANS UNDER THE FEDERAL PELL GRANT, WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM, FEDERAL WORK-STUDY, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, FEDERAL PERKINS LOAN PROGRAM, AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATION 157964 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 5996750 0 0 0 0 0 0 6154714 0 6154714 0 0 0 0 0 0 PART I, LINE 2: THE COLLEGE MAINTAINS A COMPUTERIZED SYSTEM WITH INTEGRATED CONTROLS TO ENSURE THAT SCHOLARSHIPS AWARDS ARE MADE IN ACCORDANCE WITH ESTABLISHED CRITERIA AS APPROVED BY SENIOR MANAGEMENT AND FEDERAL AND STATE AUTHORITIES, AS APPROPRIATE. A SERIES OF REPORTS HAVE BEEN DEVELOPED AND ARE USED BY MANAGEMENT TO IDENTIFY AND ADDRESS ANY EXCEPTIONS. ANNUALLY, THE COLLEGE'S FINANCIAL AID COMPLIANCE WITH FEDERAL GUIDELINES IS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. THE COLLEGE ISSUES SCHOLARSHIPS TO STUDENTS WHO ARE REQUIRED TO MATRICULATE AT THE COLLEGE. THE STUDENT DOES NOT HAVE ANY DISCRETION ON HOW FUNDS ARE USED; ALL FUNDS ARE USED TO DEFRAY THE COSTS OF PARTICIPATING IN THE PROGRAM, THEREFORE, THE COLLEGE IS NOT REQUIRED TO FURTHER MONITOR THE USE OF THE FUNDS. GOLF EVENT 42745 31291 11454 1014 17727 1764 42745 31291 11454 1014 17727 1764 20505 -9051 1 TOWN OF MILTON 525 CANTON AVE MILTON MA 02186 046001228 GOV'T 110000 0 N/A N/A MILTON PILOT 1 0 INSTITUTIONAL AID - FINANCIAL AID 1528 40686163 N/A N/A RESIDENT ASSISTANT AWARDS 54 735680 N/A N/A PART I, LINE 2: THE COLLEGE AWARDS INSTITUTIONAL GRANTS TO STUDENTS BASED ON THE ANNUAL AID MODELING AND THE INDIVIDUAL STUDENT. ALL APPLICABLE CRITERIA IS TAKEN INTO ACCOUNT BY THE ADMISSION AND FINANCIAL AID OFFICES. ALL INSTITUTIONAL GRANTS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X X 1 1 X X X 0 0 0 0 0 0 0 0 1 1 KENNETH K QUIGLEY JR PRESIDENT (UNTIL 08/2024) 550200 0 0 0 15284 0 24541 0 30594 0 620619 0 0 0 MARK H NESTOR CHIEF INFORMATION OFFICER 347799 0 0 0 25840 0 21702 0 21997 0 417338 0 0 0 DEBRA A PETRIZZO WILKINS PROFESSOR 237151 0 0 0 0 0 18116 0 11013 0 266280 0 0 0 DAVID M ROSATI UNTIL 072023 EXECUTIVE VICE PRESIDENT/CFO 214828 0 0 0 6884 0 13854 0 22085 0 257651 0 0 0 ALISON POOR-DONAHUE PROFESSOR 219567 0 0 0 0 0 14127 0 18139 0 251833 0 0 0 ROBERT E SHEA VP OF ACADEMIC AFFAIRS/PROVOST 210181 0 0 0 0 0 15287 0 13054 0 238522 0 0 0 JUAN GONZALEZ PRESIDENT (AS OF 07/2023) 195392 0 15000 0 7290 0 292 0 13087 0 231061 0 0 0 ANTHONY FABRIZIO JR PROFESSOR 192277 0 0 0 0 0 15001 0 17881 0 225159 0 0 0 ELIZABETH G DELANO DYKAS PROFESSOR 203776 0 0 0 0 0 11384 0 5000 0 220160 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE/PERSONAL SERVICES: AS A CONDITION OF EMPLOYMENT, THE FOLLOWING EMPLOYEES ARE REQUIRED TO LIVE IN CAMPUS HOUSING: PRESIDENT, VP OF FACILITIES, AND CERTAIN STUDENT AFFAIRS EMPLOYEES. THE ANNUAL FAIR MARKET RENTAL VALUE OF THE HOUSING IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D) AS A NONTAXABLE BENEFIT. HOUSEKEEPING SERVICES FOR THE PRESIDENT ARE REPORTED ON HIS W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE COLLEGE PROVIDES TAX INDEMNIFICATION AND GROSS-UP PAYMENTS RELATED TO THE PERSONAL USE OF COLLEGE PROVIDED VEHICLES FOR THE PRESIDENT AND THE VP OF FACILITIES. THIS BENEFIT IS TREATED AS TAXABLE COMPENSATION FOR THESE INDIVIDUALS, AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 1B THE COLLEGE REIMBURSES ALL EMPLOYEES, INCLUDING ITS OFFICERS, KEY EMPLOYEES, AND SENIOR LEVEL STAFF FOR EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE COLLEGE. REIMBURSEMENTS FOR OFFICERS, KEY EMPLOYEES, AND SENIOR LEVEL STAFF ARE REVIEWED BY THE CFO AND/OR PRESIDENT, AS APPROPRIATE. PART I, LINE 8 THE PRESIDENT IS IN HIS INITIAL CONTRACT WITH THE COLLEGE EFFECTIVE AS OF JULY 31, 2023 FOR AN INITIAL 3 YEAR TERM. A MASS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2013-12-20 42000000 SEE DESCRIPTION IN PART VII 0 0 0 B MASS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2015-01-30 15350000 SEE DESCRIPTION IN PART VII 0 0 0 C MASS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2016-03-21 27700418 SEE DESCRIPTION IN PART VII 0 0 0 D MASS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2016-06-14 9799542 SEE DESCRIPTION IN PART VII 0 0 0 A 18740123 42150123 429290 18091109 23629724 2016 1 0 1 1 B 6191415 15350000 140960 15209040 2008 1 0 1 1 C 5250579 27700418 165473 27534945 2008 1 0 1 1 D 2122400 10025612 67253 9958359 2019 0 0 1 1 A 0 1 1 1 0 0.03290 0.00000 0.03290 0 0 0 B 0 1 1 1 0 0.04090 0.00000 0.04090 0 0 0 C 0 1 0 0 0.03150 0.00000 0.03150 0 0 0 D 0 1 0 0 0.00190 0.00000 0.00190 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 C 0 0 1 0 1 0 0 0 0 D 0 0 1 0 1 0 0 0 0 A 0 B 0 C 0 D 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/01/2015 SCHEDULE K, PART 1, LINE A, COLUMN F: BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING 1999, 2000 AND 2003 SERIES DEBT. IN ADDITION, A PORTION OF BOND PROCEEDS WERE USED TO CONSTRUCT A RESIDENCE HALL, RENOVATE AN EXISTING PROPERTY, AND OTHER CAPITAL IMPROVEMENTS. SCHEDULE K, PART I, LINE B, COLUMN F: BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING 2005 SERIES DEBT. SCHEDULE K, PART I, LINE C, COLUMN F: BONDS WERE ISSUED TO REFUND THE COLLEGE'S OUTSTANDING 2006 SERIES DEBT. ADDITIONALLY, BONDS PROCEEDS WERE USED TO DEMOLISH AN EXISTING STUDENT CENTER AND CONSTRUCT A NEW STUDENT CENTER, CONSTRUCTION OF A NEW ACADEMIC BUILDING, AND EXPANSION AND RENOVATION OF AN EXISTING ADMINISTRATIVE OFFICE BUILDING. SCHEDULE K, PART I, LINE D, COLUMN F: BONDS WERE ISSUED FOR THE PURPOSES OF CONSTRUCTING A NEW ACADEMIC BUILDING AND RENOVATION OF AN EXISTING ACADEMIC BUILDING. SCHEDULE K, PART II, LINE 3, COLUMNS A & D: TOTAL PROCEEDS ARE HIGHER FOR BOND A AND D THAN THE AMOUNT LISTED IN PART I DUE TO INTEREST EARNED ON PROCEEDS. SCHEDULE K, PART III, LINE 4, COLUMNS A, B, C, & D: THE COLLEGE HAS ESTABLISHED PROCEDURES TO MONITOR PRIVATE BUSINESS USE ARRANGEMENTS PERTAINING TO ALL FACILITIES IT HAS FINANCED OR REFINANCED WITH TAX-EXEMPT BONDS, AND THE COLLEGE MONITORS ALL SUCH USES ON AN ANNUAL OR MORE FREQUENT BASIS. THE MONITORING IS INTENDED TO ENSURE THAT OVER THE TERM TO MATURITY OF EACH SUCH BOND ISSUE, THE COLLEGE WILL NOT EXCEED THE AGGREGATE PRIVATE BUSINESS USE LIMITATION APPLICABLE TO ANY ISSUE. SUBSTAINTIAL DONOR SUBSTAINTIAL DONOR 4312063 SERVICES 0 SUBSTAINTIAL DONOR SUBSTAINTIAL DONOR 234158 SERVICES 0 SUBSTAINTIAL DONOR SUBSTAINTIAL DONOR 1307322 SERVICES 0 SUBSTAINTIAL DONOR SUBSTAINTIAL DONOR 5997986 SERVICES 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, VICE CHAIRPERSON, PRESIDENT, TREASURER AND CLERK OF THE COLLEGE AND THE CHAIRPERSONS OF THE STANDING COMMITTEES. THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD OF TRUSTEES SHALL SIT ON THE EXECUTIVE COMMITTEE (EX OFFICIO). IT SHALL HAVE THE POWER TO ACT IN LIEU OF THE TRUSTEES BETWEEN MEETINGS, COMMUNICATING ALL SUCH DECISIONS TO THE FULL BOARD OF TRUSTEES. IT WILL DIRECT THE TRUSTEES' ROLE IN STRATEGIC PLANNING FOR THE COLLEGE. IT WILL ASSURE THAT ALL MAJOR RESPONSIBILITIES OF THE TRUSTEES ARE BEING CARRIED OUT, IN PART BY ASSURING THAT EACH COMMITTEE IS FUNCTIONING PROPERLY, SETTING AND MEETING ANNUAL GOALS. IT WILL APPROVE THE PRESIDENT'S ANNUAL PRIORITIES AND EVALUATE THE PRESIDENT'S PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 4 IN FEBRUARY 2024, THE BOARD OF TRUSTEES APPROVED AMENDED AND RESTATED BYLAWS. THESE REVISIONS INCLUDED UPDATES TO PROCEDURAL PRACTICES, INCORPORATED BEST PRACTICES, CONFORMED THE BYLAWS TO THE BOARD'S PRACTICES, AND OTHERWISE CLARIFIED VARIOUS PROVISIONS. NOTABLE CHANGES INCLUDED CLARITY TO GOVERNANCE AUTHORITY, CLARIFICATION TO ROLES OF THE VARIOUS COMMITTEES, PROVISIONS ON BOARD MEMBER AND OFFICER LIABILITY AND INDEMNIFICATION, ADOPTION OF A CONFLICT-OF-INTEREST POLICY, AND A NEW PROVISION INSTITUTING A NON-DISCRIMINATION POLICY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE COLLEGE'S INDEPENDENT TAX FIRM WITH INFORMATION PROVIDED BY MANAGEMENT AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE DIRECTOR OF FINANCE. A COMPLETE COPY OF THE 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FORM 990 BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES, ONE FOR THE BOARD OF TRUSTEE AND ONE FOR EMPLOYEES. EACH YEAR A QUESTIONNAIRE IS SENT TO ALL TRUSTEES AND THEY ARE REQUIRED TO DISCLOSE ANY CONFLICTS. THESE FORMS ARE SUBMITTED TO THE FINANCE OFFICE WHERE THEY ARE REVIEWED BY THE EVP/CFO AND RETAINED. EMPLOYEE CONFLICT OF INTEREST REPORTS ARE RETAINED WITHIN HUMAN RESOURCES IF APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AND THE VP OF HUMAN RESOURCES, WITH EXTERNAL ASSISTANCE FOR MARKET ANALYSIS PURPOSES. THERE IS CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. HUMAN RESOURCES CONDUCTS A MARKET ANALYSIS FOR ALL RECRUITED POSITIONS TO ENSURE COMPETITIVENESS AND REVIEWS THEM WITHIN THE BUDGET FRAMEWORK. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XII, LINE 2C: PRIOR TO FY24, THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WAS RESPONSIBLE FOR REVIEWING THE AUDITS OF THE COLLEGE. IN FY24, THE NEW PRESIDENT OF THE COLLEGE ASKED THAT A NEW AUDIT COMMITTEE OF THE BOARD WAS TO BE ESTABLISHED.