Marlboro College C/O Verdolino & Lowey PC

“The organization has an executive committee which consists of the chairman, vice chairman, treasurer, and clerk of the governing body. The role of the executive committee is to advise the president between meetings and occasionally make decisions on behalf of the board, when the matter is urgent and it is not feasible for the entire board to consider the matter. On february 5, 2011, trustees voted to allow the executive committee to vote with the provision that any decision is then conveyed to the board and the board could reconsider it at the next meeting.”

“The members of the governing board are also members of the organization, but they are the only members. The members annually elect the governing board and one officer: the clerk; all other officers are elected by the governing board. The members have no other rights, and neither make any other decisions nor have any right to the organization's profits or, on liquidation, its net assets.”

“The members of the governing board are also members of the organization, but they are the only members. The members annually elect the governing board and one officer: the clerk; all other officers are elected by the governing board. The members have no other rights, and neither make any other decisions nor have any right to the organization's profits or, on liquidation, its net assets.”

“Form 990 review - the president and chief financial officer review the form 990 prior to a review by the audit committee. The audit committee reviews and approves the form 990 prior to filing. Once this process is complete, the form 990 is then provided to the governing body. Form 990 provided to the governing body - the college has distributed form 990 to the full board of trustees with the exception of schedule b, (schedule of contributors), in advance of filing the return. Because of schedule b's private and confidential nature, the board has delegated the authority and responsibility for reviewing that schedule to the audit committee. As such, we are required to answer "no" to the question on line 11a even though a copy of form 990 (with the exception of schedule b) was provided to the complete board.”

“Each member of the governing body and officers of the organization are required to review and sign a document regarding compliance with the college's conflict of interest policy. The president's assistant monitors compliance on behalf of the board. The board is responsible for enforcement action on the policy. Should any conflict be identified, the individual would not participate in the discussion or voting on the issue.”

“The executive committee reviews the president's compensation package and utilizes the appropriate comparability data when establishing the compensation package. Deliberations and decisions are documented. This process is completed annually”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Change in split interest agreement -40,620.”