Saint Anselm College

“Members or stockholders the college has members who are religious individuals in solemn vows.”

“Member or stockholders the college's members elect six individuals to the governing board.”

“Members or stockholders questions regarding the mission, issuance of debt, siting of buildings and disposition of campus property are subject to approval by the members of the college.”

“Form 990 review process the form 990 is prepared by management of the college and reviewed by tax advisors from an independent accounting firm. The draft form 990, with the exception of the name of one donor listed on schedule b that asked to remain anonymous, is then reviewed and approved by the finance & audit committee. Subsequently, the form 990, with the exception of the name of one donor listed on schedule b that asked to remain anonymous, is provided to all members of the governing body with opportunity to raise questions or issues prior to filing.”

“Conflict of interest policy monitoring & enforcement a written copy of the conflict of interest policy is distributed annually to the trustees of the governing board and officers who are asked to complete a conflict of interest disclosure form, indicating they are in compliance with the policy and/or disclosing any potential conflicts of interest. The president's office receives and reviews the responses to determine if there are any potential conflicts that need to be disclosed, discussed and/or mitigated. In accordance with the policy "a person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting."”

“Process for determining compensation compensation process for top officials: the compensation amount for the president position is determined based upon an analysis of compensation amounts for the same position at institutions of similar size, scope, and geographic location, completed by the compensation committee of the board of trustees. Compensation process for officers and highest paid employees: the compensation amount for officers and highest paid employees is determined based upon an analysis of compensation amounts for the same position at institutions of similar size, scope, geographic location and cupa hr data. The compensation committee is responsible for the review and approval of the compensation of the president, officers and highest paid employees. Compensation decisions and reports are contemporaneously documented in the minutes of the meeting of the compensation committee when the decisions are made. The personnel review committee is comprised of vice president for finance & cfo, executive director of human resources and the assistant vice president for finance. The personnel review committee reviews any position over $15,000 and consults with the president on any position with a salary grade of 12 or above. The last compensation study was completed in 2018. Form 990, part vi, section b, line 16b description of joint venture arrangements the college is a partner in a real estate development not far from the college. The college owned unusable land, sold the land, and took interest in a partnership that will develop housing and rental units. The college receives a federal form k-1 each period reporting rental income that passes through to the college. The college's involvement is purely passive in nature and no unrelated business income is expected from the partnership. This passive activity is insignificant to the overall operations of the college, provides a small passive revenue stream to the college, helped relieve the college of unusable land and provides the manchester community an opportunity to build housing near the college. The board of trustees and management approved all of the transactions leading up the college's involvement in the partnership, and all negotiations were conducted at arms-length and fair value.”

“How documents are made available to the public the college makes its governing documents and conflict of interest policy widely available to the public via its website (www.anselm.edu). The filed forms 990 for the prior three years are available upon request.”

“Form 1096 reporting amont reported in box 3 of form 1096 includes 2,536 forms 1098-t.”

“Change in fv of split interest 28,044.”