Council of Independent Colleges

“Cic has members. Specifically, the council of independent colleges (cic) is an association of independent colleges and universities. Institutional membership in the council is open to all american nonprofit, independent, baccalaureate degree-granting colleges of liberal arts and sciences. International membership is open to independent baccalaureate degree-granting institutions whose main educational programs and facilities are located outside the united states. Associate membership is open to associate's council of independent colleges 01-6004776 degree-granting, nonprofit, independent, liberal arts colleges. Affiliate membership is open to all educational associations and organizations with 501(c)(3) status that serve independent colleges and universities. State council membership is open to state councils (limit of one per state) whose members are private colleges and universities.”

“The board will be self-perpetuating. It will elect each incoming class of new directors, elect members of the executive committee, and fill all vacancies for the remainder of unexpired terms except that of chair. The board will seek nominations for new directors from member college presidents, chief executives of state fund members, and other members of the board.”

“Policy matters of major importance, including amendment, repeal, or alteration of the cic bylaws, in whole or part, may be permitted from time to time by either a mail referendum or special meeting of the institutional members. In addition, annual membership dues have to be approved by the institutional members.”

“The executive committee, when it meets in january prior to the full board of directors meeting, reviews the draft form 990 as prepared by cic's auditors, and recommends it to the board of directors for acceptance, including possible revisions. At its january meeting, the board of directors reviews the draft form 990 and accepts it, including possible revisions. At the annual meeting of the membership in january, the treasurer reports on the procedures and outcomes of the review of the draft form 990. If the preparation of the draft form 990 is delayed past the january board of directors meeting, the executive committee reviews and accepts the form on behalf of the board of directors, including possible revisions.”

“Annually board members and staff complete a conflict-of-interest disclosure form identifying any relationships or circumstances which the board or staff member believes could contribute to a conflict of interest. Cic collects the disclosures. Procedures: a. Prior to board action on a contract or other transaction involving a conflict of interest, a board member having a conflict of interest shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. B. A person who has a conflict of interest shall not participate in the decision except to disclose material facts and to respond to questions. C. The person having a conflict of interest may not vote on the contract or transaction. D. Staff members who have a conflict of interest with respect to a contract or transaction that is not the subject of board action shall disclose to the president of cic any such conflict of interest. That staff member shall refrain from any action that may affect cic's participation in such contract or transaction. In the event it is not entirely clear that a conflict of interest exists, the individual with the potential conflict shall disclose the circumstances to the president of cic.”

“Process used to determine the compensation of the ceo: the compensation committee includes the board chair and two members of the executive committee appointed by the chair. The compensation committee reviews salaries of ceo's and executive directors of higher education associations based in the district of columbia. The standing practice is the cic president would receive a salary at or near the 75th percentile of the reviewed salaries if performance were satisfactory. Compensation committee reports to the executive committee on salary recommendations based on the comparison research and performance benchmarks. The executive committee approves the ceo's annual compensation at the june board meeting. Process used to determine the compensation of other officers or key employees - the cic president, acting under the total compensation guidelines set by the board, evaluates positions and performance of the staff. The president reviews research and comparisons from similar organizations using form 990 data as well as the washington higher education secretariat compensation survey.”

“These documents and policies are provided upon request.”

“Other professional fees: program service expenses 2,602,272. Management and general expenses 78,476. Fundraising expenses 0. Total expenses 2,680,748.”

“REFUNDED GRANTS 246,501.”