Gordon College

“The current interim cfo is employed through a management company, cfo colleague llc. Total compensation to the management company for fy2024 services was $251,060.”

“Grant thornton advisors llc prepares the 990 and submits it for review to the vice president for finance, the president and director of accounting. The form 990 is also reviewed by tax advisors from a national accounting firm. Once the form 990 is approved by the president and vice president, prior to filing with the internal revenue service, the form 990, as it will ultimately be filed, is provided to the board for review and approval.”

“An annual disclosure form delineating conflicts is distributed to all trustees at the annual board meeting and must be signed by each trustee. A copy is mailed to any trustee who is absent and must be signed and returned. Trustees must recuse themselves from any discussion of or vote on any issue involving conflicts of interest. Key employees and officers must also sign an annual conflict of interest form which clearly delineates conflicts of interest. The vice president for finance monitors and reviews the conflict of interest statements. The president's office collects and maintains them.”

“The executive committee of the board serves as the compensation committee for the president's position. The executive committee is comprised of independent board members. Ccc, cccu and other peer institutions compensation studies of college presidents are reviewed by the committee and the salary is set by committee vote. The president has an annual review by the committee and is judged based on attainment of goals for the year. The president submits compensation comparability data to the committee for the provost, vice president for finance and executive vice president positions. Compensation increases and bonuses, if any, are based upon job performance and the independent studies. Minutes are kept of the process and the committee vote. The last review process took place in 2024.”

“Our governing documents are available upon request. Our conflict of interest policy is available upon request. Our financial statements are available upon request and copies are maintained in the college library.”

“Gordon college's primary responsibility is to prepare students for the long haul, to make them spiritually, intellectually, relationally and professionally ready for a lifetime of growth - from the first job out of college and beyond into fields not yet existing. Our mission is to the foundation of all we do as we inspire the next generation toward faithful leadership for the common good.”

“Change in fair value of split-interest agreements 12,480.”