Trustees of Saint Joseph'S College

“As a condition to the Corporation's affiliation with the Conference for Mercy Higher Education (CMHE) and sponsorship by the Sisters of Mercy of the Americas, in no event shall the Board of Trustees take any of the following actions without the prior written consent of the Board of Directors of CMHE or its successor or designee (in each case, however, only to the extent such consent is required under Canon Law): (i) approve a sale or disposition of all or substantially all of the assets, a merger, consolidation, reorganization, dissolution or liquidation of the Corporation, or other fundamental transaction contemplated by Title 13-B, Section 1001 of the Maine Nonprofit Corporation Act (or any applicable successor provision); or (ii) amend the applicable Article of the Corporation's Bylaws with respect to the Corporation's Roman Catholic identity or the conditions relating to the affiliation of the Corporation with CMHE or its sponsorship by the Sisters of Mercy of the Americas. The President may confer with the Executive Director of CMHE (or its successor or designee), or any other person authorized by CMHE (or its successor or designee) to determine whether the prior written consent of the Board of Directors of CMHE (or its successor or designee) is required, and the Corporation shall be entitled to rely upon a certification by the Executive Director of CMHE or other authorized person with respect to such requirement.”

“The Form 990 is electronically distributed to all members of the governing board. Any questions, comments, and concerns are addressed prior to filing the Form with the IRS.”

“Conflict of interest questionnaires are distributed annually to all governing board members as well as senior management. There is continuous follow up until all signed questionnaires have been received. All conflict of interest questionnaires are reviewed by the CFO to determine if any information needs to be disclosed in the Form 990. If a conflict of interest is disclosed, appropriate action would be taken depending on the conflict of interest.”

“The College uses salary survey data provided by various professional organizations as well as executive search firms. Based on the acquired data, a salary recommendation is made to the Board of Trustees for discussion and approval. The Chair of the Board of Trustees makes the employment offer to the presidential candidate and the President makes employment offers to all other officer positions. The process and deliberation is documented contemporaneously.”

“The College's governing documents, conflict of interest policy, and financial statements reside in the office of the President, and copies are distributed upon request.”

“Section 1.263(a)-3(n) Election: Trustees of Saint Joseph's College Saint Joseph's College of Maine 278 Whites Bridge Road Standish, ME 04084 EIN: 01-0212542 Section 1.263(a)-3(n) Election: Trustees of Saint Joseph's College is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Value of Split-Interest Agreement 103,331.”