Stonehill College Inc.

“The board of trustees may appoint an executive committee and may delegate to any such committee some or all of their powers except those which by law, the articles of incorporation, or the bylaws they may not delegate.”

“Stonehill college has two classes of members: incorporators and fellows. The incorporators consist of the united states province of priests and brothers, ex-officio, and all perpetually professed religious of the congregation of the holy cross serving from time to time at stonehill college. The fellows are made up of individuals who are incorporators, faculty, part of the president's council, alumni, and students. The fellows' sole power and authority is to elect the board of trustees.”

“Stonehill college has two classes of members: incorporators and fellows. The incorporators consist of the united states province of priests and brothers, ex-officio, and all perpetually professed religious of the congregation of the holy cross serving from time to time at stonehill college. The fellows are made up of individuals who are incorporators, faculty, part of the president's council, alumni, and students. The fellows' sole power and authority is to elect the board of trustees.”

“The form 990 is prepared and signed by cbiz advisors, llc as paid preparer. The form 990 is first reviewed by stonehill college's internal management. Following that review, stonehill college's internal management and paid preparer present the form 990 to the audit committee for review and comment. The completed form 990 is provided to all members of the board of trustees prior to the form being filed with the irs.”

“The college requires all board members, officers, and key employees to complete a conflict of interest questionnaire. Questionnaires are collected and reviewed by the office of the general counsel. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest at any level and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action which is determined on a case by case basis.”

“Stonehill college annually reviews the salaries of its executive level management with the compensation committee of the board of trustees. The human resource office provides comparable market data on these positions at similar size institutions. The college president makes salary recommendations for his (her) top management reports and the chairman of the board of trustees makes a recommendation on the president's salary to be paid to the congregation of the holy cross. Compensation recommendations are approved by the compensation committee. Stonehill college's president is a member of the congregation of the holy cross and has taken a vow of poverty, along with other members of the holy cross community who provide services to stonehill college. Total payment to the congregation of the holy cross in fy2024 was $1,758,930.”

“At this time, stonehill college does not make its governing documents or conflict of interest policy available to the public. The college posts its financial statements on their own website at stonehill.edu, where they are available to the public.”

“Net loss from interest rate swaps -370,191.”