Hebrew College

“The organization amended its bylaws on june 27, 2024. The following amendments were made: 1. "board members" are called "trustees." 2. Added the table of contents. 3. Art. I, section 4 term limits: changed term limits of trustees, limiting continuous service to nine years. The nine years begin on july 1, 2024, for those elected for a term beginning july 1, 2024. For trustees already serving as of june 30, 2024, the nine years are counted from the beginning of the term of the most recent election. 4. Art. Iii, section 2 nominations: the governance committee's nominations for trustees, emeritus trustees, board officers, and the successor members of the governance committee are made "with the approval of the [board] chair." 5. Art. Iv, section 3 eligibility: delete the requirement that trustees contribute annually to combined jewish philanthropies or corresponding federations. 6. Art. V, section 5 actions by writing: clarify requirement for unanimous consent by trustees to written vote to provide that, for the vote to pass, it must be approved by all trustees who participate in the vote. This means that unanimous consent is defeated by any objection but is no defeated if any trustee abstains or fails to answer by the stated deadline. 7. Art. Viii, section 1 enumeration: clarify listing of standing committees. 8. Art. Viii, section 2 chairs and members: board chair designates chairs and members of all committees. 9. Art. Viii, section 3 charters: requires each committee to develop and circulate a charter for approval by the board and specifies required information in each charter. 10. Art. Viii, section 7 real estate committee: delete real estate committee because its sole function, to find a new location, has been accomplished. 11. Art. Viii, new section 7 ad hoc committees: delete references to "special committees" because there are none.”

“The form 990 is formally approved by the finance committee and then distributed to the board of trustees prior to filing of the tax return.”

“The college requires sign off of the conflict of interest policy. This is how compliance is monitored.”

“The president's salary is determined by the board using comparability data, such as 990's of other organizations. The board regularly evaluates the president's performance.”

“Governing documents, conflict of interest policies and the financial statements of the college are available through public websites and upon request. Hebrew college posts 3 years of audited financial statements on their website.”

“Rescinded grant -646,975.”

“The board of trustees is responsible for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.”