2019-11-08T11:05:41-06:00 2019-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-07-01 042104451 REGIS COLLEGE REGI 7817687075 235 WELLESLEY STREET WESTON MA 02493 MICHAEL HALLORAN INTERIM CFO 7817687075 2019-11-08 1 THOMAS A WASHBURN CPA P00537319 5083669100 2019-11-08 40.70.31.102 2019-11-08 07:39:09 ES P 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 2018 2020-03-31 21:24:44Z MICHAEL HALLORAN 235 WELLESLEY STREET WESTON MA 02493 96173388 0 X WWW.REGISCOLLEGE.EDU X 1927 MA REGIS COLLEGE EDUCATES APPROXIMATELY 3,000 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING AND WEEKEND PROGRAMS IN FOUR SCHOOLS; THE SCHOOL OF NURSING, THE SCHOOL OF HEALTH SCIENCES, THE SCHOOL OF ARTS & SCIENCES AND THE SCHOOL OF BUSINESS AND COMMUNICATIONS. 32 31 1241 465 0 0 6069380 4471153 72408370 88004050 449885 508040 1257517 1775440 80185152 94758683 22532305 24563410 0 0 39268856 43142776 58309 36342 1938587 20004059 28292432 81863529 96034960 -1678377 -1276277 109381469 108846119 66991158 66379854 42390311 42466265 X REGIS COLLEGE, THROUGH EDUCATION IN THE ARTS, SCIENCES, AND PROFESSIONS EMPOWERS WOMEN AND MEN TO CHALLENGE THEMSELVES ACADEMICALLY, TO SERVE AND TO LEAD. A CATHOLIC COLLEGE, REGIS IS A DIVERSE AND WELCOMING COMMUNITY GUIDED BY THE VALUES OF THE SISTERS OF ST. JOSEPH OF BOSTON. 0 0 25524752 76624480 INSTRUCTION: KNOWLEDGE GENERATION AND THE DELIVERY OF EDUCATION TO APPROXIMATELY 3000 UNDERGRADUATE AND GRADUATE STUDENTS IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN FOUR SCHOOLS; THE SCHOOL OF NURSING, THE SCHOOL OF HEALTH SCIENCES ,THE SCHOOL OF ARTS AND SCIENCES AND THE SCHOOL OF BUSINESS AND COMMUNICATIONS. 7068599 ACADEMIC AFFAIRS: DEANS' ADMINISTRATIVE OFFICES, GLOBAL SUPPORT AND LIBRARY AND ACADEMIC SUPPORT SERVICES FOR APPROXIMATELY 3000 STUDENTS 9695346 STUDENT AFFAIRS: PROVIDE HEALTH SERVICES, UNDERGRADUATE ADMISSIONS, CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS AND STUDENT ACTIVITY SERVICES FOR APPROXIMATELY 3000 STUDENTS. 4490586 11379570 AUXILIARY ENTERPRISES: PROVIDE DINING SERVICES, RESIDENTIAL HALL SERVICES, CHILDREN'S LEARNING CENTER,FOR APPROXIMATELY 3,000 STUDENTS AND LIFELONG LEARNING PROGRAM FOR COMMUNITY. 24563410 24563410 OTHER PROGRAM SERVICES: SCHOLARSHIP AND GRANTS TO APPROXIMATELY 2000 STUDENTS 29053996 24563410 11379570 71342693 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 101 0 1 1241 1 0 0 0 0 0 1 1 0 0 0 0 0 X 32 31 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 MA MI NH NY OR SC X X MICHAEL HALLORAN 7817687075 235 WELLESLEY STREET WESTON MA 02493 MICHAEL J HALLORAN TREASURER 1.00 X X 0 0 0 SISTER LEILA HOGAN CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 JOHN TEGAN JR CHAIR 1.00 X X 0 0 0 SISTER MAUREEN DOHERTY CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 RUTH SANDERSON KINGSBURY BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER MARIAN BATHO CSJ SECRETARY 1.00 X X 0 0 0 SISTER KATHLEEN MCCLUSKEY CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 JOANNE CROWLEY BOARD OF TRUSTEES 1.00 X 0 0 0 JANE TEDDER BOARD OF TRUSTEES 1.00 X 0 0 0 GLENN MORRIS BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER JACQUELYN MCCARTHY CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 MEYER CHAMBERS BOARD OF TRUSTEES 1.00 X 0 0 0 JOE-ANN FERGUS BOARD OF TRUSTEES 1.00 X 0 0 0 JOHN A LIBERTINO MD BOARD OF TRUSTEES 1.00 X 0 0 0 EILEEN NG BOARD OF TRUSTEES 1.00 X 0 0 0 SISTER ROSEMARY BRENNAN CSJ BOARD OF TRUSTEES 1.00 X 0 0 0 ANITA BRENNAN BOARD OF TRUSTEES 1.00 X 0 0 0 PETER LANGENUS BOARD OF TRUSTEES 1.00 X 0 0 0 HANS CHRISTENSEN BOARD OF TRUSTEES 1.00 X 0 0 0 CAMILLE FERAZZI BOARD OF TRUSTEES 1.00 X 0 0 0 MARY ANN W LEWIS BOARD OF TRUSTEES 1.00 X 0 0 0 THOMAS P O'NEILL III BOARD OF TRUSTEES 1.00 X 0 0 0 SABINA T HERLIHY BOARD OF TRUSTEES 1.00 X 0 0 0 KATHLEEN JOSE BOARD OF TRUSTEES 1.00 X 0 0 0 MICHAEL LARHETTE BOARD OF TRUSTEES 1.00 X 0 0 0 PAUL LONERGAN BOARD OF TRUSTEES 1.00 X 0 0 0 PETER N MADRAS BOARD OF TRUSTEES 1.00 X 0 0 0 LIANNE MARSHALL BOARD OF TRUSTEES 1.00 X 0 0 0 MAYLIN S TRUESDELL BOARD OF TRUSTEES 1.00 X 0 0 0 JULY M LAUCH BOARD OF TRUSTEES 1.00 X 0 0 0 ANTOINETTE M HAYS PRESIDENT 40.00 X X 486613 0 24207 KEVIN C CONROY BOARD OF TRUSTEES 1.00 X 0 0 0 THOMAS PISTORINO VICE PRESIDENT FOR FINANCE AND BUSINESS 40.00 X X 227777 0 26304 KARA KOLOMITZ VICE PRESIDENT OF STUDENT AFFAIRS 40.00 X 172189 0 6478 MALCOLM ASADOORIAN VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 X 190994 0 12321 MARY KATE SUPPLE VICE PRESIDENT OF GRADUATE AFFAIRS AND ENROLLMENT 40.00 X 170501 0 5409 KATE KORZENDORFER ASSOCIATE VP FOR IT/CIO 40.00 X 159997 0 11409 KELLY TUTHILL VICE PRESIDENT OF MARKETING AND COMMUNICATIONS 40.00 X 160318 0 5225 1568389 0 91353 44 0 1 0 NCS PEARSON INC 13036 COLLECTION CENTER DRIVE CHICAGO IL 60693 DISTANCE LEARNING CONSULTANT 7058181 ARAMARK CORPORATION PO BOX 906023 CHARLOTTE NC 28290 FOOD SERVICE 2601695 WRIGHT EXPRESS FINANCIAL SERVICES 33548 TREASURY CENTER CHICAGO IL 60694 CREDIT CARD SERVICES 1267722 AMERICAN GREEN BUILDING CONSTRUCTION SER PO BOX 365558 HYDE PARK MA 02136 MAINTENANCE/CONSTRUCTION SERVICES 566391 MARSHALL DEVELOPMENT LLC 700 NARAGANSETT PARK DRIVE PAWTUCKET RI 02861 CONTRUCTION DESIGN SERVICES 392319 13 727319 502528 3241306 214114 4471153 TUITION AND FEES 900099 76624480 76624480 AUXILIARY ENTERPRISES 900099 11379570 11379570 88004050 453119 453119 3090319 1148244 1942075 1942075 1942075 95272 40351 54921 54921 54921 59475 727319 226110 -166635 -166635 94758683 88004050 0 2283480 24563410 24563410 822660 822660 34706083 27048490 6529194 1128399 597243 436891 138817 21535 4380641 3317054 962218 101369 2636149 2049493 502801 83855 136041 136041 144838 144838 36342 36342 90815 90815 9356285 522748 8833537 410791 362956 47835 911992 684994 136760 90238 593692 463820 127795 2077 3072913 2158522 809802 104589 560349 481909 49710 28730 138107 117868 19914 325 1895468 1363389 466183 65896 3813364 2733907 947327 132130 392761 392761 MISCELLANEOUS 3020538 2098549 804000 117989 FOOD SERVICE 2067629 1992545 75084 SPECIAL PROGRAMS 756937 467207 282782 6948 EQUIPMENT RENTAL AND MA 519044 227234 291810 410868 251707 140996 18165 96034960 71342693 22753680 1938587 249730 318373 2915271 4527326 4993329 2388075 2913432 2079007 1858385 124100391 74045164 52628901 50055227 22734409 24886613 18800000 19100000 3058750 4720760 109381469 108846119 5701678 5392127 3901705 5747898 46412480 45226981 7361492 5735917 3613803 4276931 66991158 66379854 X 15677846 13647134 7257586 8669024 19454879 20150107 42390311 42466265 109381469 108846119 -1276277 1352231 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 41111873 695228 1629441 1601015 41835527 41313009 283867 1244709 1729712 41111873 33612944 4735034 3352029 386998 41313009 33669667 186620 138935 382278 33612944 32099980 1046284 939708 416305 33669667 0.42000 0.48000 0.10000 0 0 522323 522323 42219148 18447502 23771646 57715415 36691398 21024017 19536823 15674940 3861883 4106682 3231324 875358 50055227 LAND HELD FOR INVESTMENT - BOARD DESIGNATED FOR ENDOWMENT 19100000 F 19100000 ADVANCES FOR FEDERAL STUDENT LOANS 3352489 ANNUITY PAYMENT LIABILITY 152665 DEPOSITS HELD FOR OTHERS 116096 DEPOSITS & OTHER LONG TERM PAYABLES 655681 4276931 X 72921858 1352231 -24563410 -23211179 96133037 -1374354 -1374354 94758683 72845904 1374354 1374354 71471550 24563410 24563410 96034960 PART V, LINE 4: ENDOWMENT FUNDS ARE CATEGORIZED INTO THREE AREAS, FINANCIAL AID, INSTITUTIONAL AND LAND HELD FOR INVESTMENT. THE COLLEGE USES THE ANNUAL SPENDING RATE ON THE FINANCIAL AID FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS THAT MEET THE REQUIRED CRITERIA. THE COLLEGE USES THE SPENDING RATE ON THE INSTITUTIONAL FUNDS FOR GENERAL OPERATIONAL SPENDING. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS -24,563,410. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE -1,148,244. SPECIAL EVENTS DIRECT EXPENSE NETTED WITH REVENUE -226,110. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED WITH REVENUE 1,148,244. SPECIAL EVENTS DIRECT EXPENSE NETTED WITH REVENUE 226,110. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 24,563,410. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH ADVERTISEMENT IN GENERAL CIRCULATION NEWSPAPERS, JOURNALS, CATALOG OFFERS, NATIONAL COLLEGE & UNIVERSITY PUBLICATIONS AND OTHER MEANS. ALSO, PROGRAMS INCLUDE IN THEIR SOLICITATION MATERIAL, A SUMMARY STATEMENT OF THE NON-DISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 REGIS COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS; NATIONAL DIRECT STUDY LOAN PROGRAM, BASIC EDUCATIONAL OPPORTUNITY GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND WORK STUDY PROGRAMS. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED AT ANY TIME. X X X X X X X 1 DEVELOPMENT GUILD 233 HARVARD STREET SUITE 107 BROOKLINE MA 02446 CONSULTING 0 0 28045 -28045 28045 -28045 MA MI NH NY OR SC AK CO VT WA DC GOLF TOURNAMENT 39185 29210 9975 6958 3999 945 GALA 747609 698109 49500 17290 43158 1800 151960 786794 727319 59475 24248 47157 1800 152905 226110 -166635 1 ALUMNI SCHOLARSHIP 97 190000 FMV SCHOLARSHIP ANNIVERSARY SCHOLARSHIP 92 927150 FMV SCHOLARSHIP ENDOWED SCHOLARSHIPS 122 382301 FMV SCHOLARSHIP JONAS SCHOLARS PROGRAM 1 3205 FMV SCHOLARSHIP LLARC SHARING OPS SCHOLARSHIP 3 12400 FMV SCHOLARSHIP MASSACHUSETTS U-PLAN 2 1533 FMV SCHOLARSHIP MJE SCHOLARSHIP 2 20000 FMV SCHOLARSHIP NURSING GRADUATE ASSISTANCESHIP 45 285000 FMV SCHOLARSHIP OCCUPATIONAL THERAPY SCHOLARSH 4 15000 FMV SCHOLARSHIP OUT OF STATE ROOM SCHOLARSHIP 661 2684660 FMV SCHOLARSHIP REGIS GRANTS 872 8640333 FMV SCHOLARSHIP S. JOHN SULLIVAN SCHOLARSHIPS 1 7500 FMV SCHOLARSHIP SCHRAFFTS BOSTON 12 27000 FMV SCHOLARSHIP SHARING OPPORTUNITIES 5 43015 FMV SCHOLARSHIP SIBLING DISCOUNT 22 52500 FMV SCHOLARSHIP SR. J. D'ARC MERIT SCHOLARSHIP 318 4596067 FMV SCHOLARSHIP SR. T. HIGGINS CSJ SCHOLARSHIP 192 3668700 FMV SCHOLARSHIP TOWER SCHOLARSHIP 193 2370200 FMV SCHOLARSHIP TUITION DISCOUNTS 187 434063 FMV SCHOLARSHIP BARBARA KELLEHER HYLAND TERM SCHOLARSHIP 1 3500 FMV SCHOLARSHIP DNP NURSING SCHOLARSHIP 1 2000 FMV SCHOLARSHIP E. BOYLAN SCHOLARSHIP 1 2655 FMV SCHOLARSHIP STELLATO SISTERS SCHOLARSHIP IN NURSING 3 37500 FMV SCHOLARSHIP YAWKEY FOUNDATION 6 26018 FMV SCHOLARSHIP CIC-DOROTHEA M. WATERBURY SCHL 1 1000 FMV SCHOLARSHIP CLINICAL NURSE LEADER PROG SCH 1 1500 FMV SCHOLARSHIP DOREEN O'LEARY CHRISTOPHER SCH 10 62000 FMV SCHOLARSHIP FLATLEY FOUNDATION SCH GRANT 9 14610 FMV SCHOLARSHIP FULD HEALTH TRUST SCHOLARSHIP 1 15000 FMV SCHOLARSHIP GENERAL SCHOLARSHIP 1 6000 FMV SCHOLARSHIP NANCY ROTH CUTTS SCHOLARSHIP 1 3000 FMV SCHOLARSHIP PATRICIA G KORZENDORFER SCH 3 15000 FMV SCHOLARSHIP NORTON SCHOLARSHIP 3 12500 FMV SCHOLARSHIP SR. G BOGAN SCHOLARSHIP 1 500 FMV SCHOLARSHIP PART I, LINE 2: THE COLLEGE COMPLIES WITH THE U.S. DEP. OF EDUCATION POLICY REGARDING TITLE IV FUNDS AND OTHER GRANT AWARDS. THE COLLEGE HAS DEDICATED FINANCIAL AID PROFESSIONALS AND GRANT ADMINISTRATORS. THESE INDIVIDUALS WORK IN CONJUNCTION WITH FINANCE PROFESSIONALS TO ENSURE PROPER STEWARDSHIP OF FUNDS. THESE INDIVIDUALS FOLLOW THE STATUTORY AND REGULATORY REQUIREMENTS SET FORTH IN THE GRANT. FUNDS ARE DRAWN AFTER EXPENSES ARE INCURRED. PROGRESS REPORTS ARE SUBMITTED IN COMPLIANCE WITH THE GRANT REQUIREMENTS AND DOCUMENTATION IS MAINTAINED. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ANTOINETTE M HAYS PRESIDENT 486613 0 0 0 0 0 10200 0 14007 0 510820 0 0 0 THOMAS PISTORINO VICE PRESIDENT FOR FINANCE AND BUSIN 227777 0 0 0 0 0 5388 0 20916 0 254081 0 0 0 KARA KOLOMITZ VICE PRESIDENT OF STUDENT AFFAIRS 172189 0 0 0 0 0 4105 0 2373 0 178667 0 0 0 MALCOLM ASADOORIAN VICE PRESIDENT OF ACADEMIC AFFAIRS 190994 0 0 0 0 0 4618 0 7703 0 203315 0 0 0 MARY KATE SUPPLE VICE PRESIDENT OF GRADUATE AFFAIRS A 170501 0 0 0 0 0 3849 0 1560 0 175910 0 0 0 KATE KORZENDORFER ASSOCIATE VP FOR IT/CIO 159997 0 0 0 0 0 3848 0 7561 0 171406 0 0 0 KELLY TUTHILL VICE PRESIDENT OF MARKETING AND COMM 160318 0 0 0 0 0 3848 0 1377 0 165543 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-06-13 50000000 CONSTRUCTION AND RENOVATION UNDER MASTER PLAN 0 0 0 A 4849779 50000000 1000000 98200 23549823 25351977 2016 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 1 KATHLEEN DAWLEY FORMER TRUSTEE 188185 KATHLEEN DAWLEY, TRUSTEE, IS A PRINCIPAL AT EAB/ROYALL. EAB/ROYALL PROVIDED ENROLLMENT CONSULTING SERVICES TO REGIS COLLEGE. 0 THOMAS O'NEILL TRUSTEE 26000 THOMAS O'NEILL, TRUSTEE IS A PRINCIPAL AT O'NEILL & ASSOCIATES. O'NEILL & ASSOCIATES PROVIDED STRATEGIC COMMUNICATION CONSULTING SERVICES 0 X 2421 214114 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: REGIS COLLEGE UTILIZES A BROKER TO SELL DONATED STOCK. FORM 990, PART VI, SECTION A, LINE 6 THE BY-LAWS OF THE CORPORATION PROVIDE FOR BETWEEN FIVE AND NINE MEMBERS. AT LEAST FIVE MEMBERS SHOULD BE MEMBERS OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF BOSTON. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ELECT MEMBERS OF THE GOVERNING BOARD OF TRUSTEES TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CORPORATION APPROVE CHANGES TO BY-LAWS AND THE SALE OR DISPOSITION OF REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARER OF THE 990 WILL PRESENT A COPY OF THE FORM TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS A SINGLE COMBINED WRITTEN DOCUMENT FOR CONDUCT, ETHICS, CONFLICT OF INTEREST, TECHNOLOGY USE, AND CONFIDENTIALITY POLICIES FOR FACULTY, STAFF AND ADMINISTRATION. THIS DOCUMENT IS PART OF THE HIRING PROCESS, SIGNED BY THE EMPLOYEE AND STORED IN THE OFFICE OF HUMAN RESOURCES. IN ADDITION, THE COLLEGE ALSO DISTRIBUTES A RELATED PARTY QUESTIONNAIRE THROUGH ITS ANNUAL AUDIT PROCESS TO ALL BOARD MEMBERS AND OFFICERS. THIS QUESTIONNAIRE IS DESIGNED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. OUR ANNUAL INDEPENDENT AUDIT WILL NOT BE COMPLETE UNTIL ALL OF THESE FORMS HAVE BEEN SIGNED AND RETURNED. FURTHERMORE, THE BY-LAWS OF THE COLLEGE STATES: "NO MEMBER OF THE CORPORATION, TRUSTEE, OFFICER OR EMPLOYEE OF THE CORPORATION SHALL HAVE ANY PERSONAL FINANCIAL INTEREST, DIRECT OR INDIRECT, IN ANY CONTRACT RELATING TO THE BUSINESS CONDUCTED BY THE CORPORATION, OR THE FURNISHING OF SUPPLIES TO THE CORPORATION, UNLESS AUTHORIZED BY CONCURRING VOTE OF TWO-THIRDS OF THE DISINTERESTED TRUSTEES, EVEN THOUGH THE DISINTERESTED TRUSTEES BE LESS THAN A QUORUM, AND PROVIDE THAT THE MATERIAL FACTS AS TO HER INTEREST IN SUCH TRANSACTION ARE DISCLOSED OR ARE KNOWN TO THE BOARD OF TRUSTEES." FORM 990, PART VI, SECTION B, LINE 15 FOR THE RECRUITMENT OF THE PROSPECTIVE EXECUTIVE POSITION, THE COLLEGE ENGAGES AN INDEPENDENT PROFESSIONAL EXECUTIVE SEARCH FIRM. THROUGH AN AD HOC COMPENSATION COMMITTEE APPROVED BY THE BOARD OF TRUSTEES THE COLLEGE AND THE FIRM WORK TOGETHER TO OBTAIN COMPARATIVE MARKET DATA AND ACQUIRE AVAILABLE SALARY SURVEY DATA. THE COMPENSATION COMMITTEE REVIEWS COMPARATIVE MARKET DATA AND AVAILABLE SALARY SURVEY DATA BEFORE MAKING RECOMMENDATIONS TO THE BOARD OF TRUSTEES WHICH HAS FINAL APPROVAL. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE COLLEGE IS DETERMINED BY MARKET DATA AND INTERNAL SALARY GRADES. FOR VICE PRESIDENT POSITIONS THE REVIEW OF COMPARATIVE MARKET DATA AND SALARY SURVEY DATA ARE PERFORMED BY A SEARCH COMMITTEE IN CONJUNCTION WITH AN EXECUTIVE SEARCH FIRM. FOR OTHER KEY EMPLOYEES THE COLLEGE PERFORMS COMPARATIVE MARKET DATA AND ACQUIRES AVAILABLE SALARY SURVEY INFORMATION THROUGH THE OFFICE OF HUMAN RESOURCES. 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 UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.