Boston Architectural College

“The board of trustees has directed the audit committee to review the form 990 on its behalf and upon its satisfaction forward it for execution to the president. The fully executed form 990 is sent to each member of the board of trustees prior to its submission to the internal revenue service.”

“The bac conflict of interest policy applies to all covered trustees, overseers, members of committees with board delegated powers, officers, staff, part-time and full-time faculty, students, covered individual's family members, and affiliated organizations and persons. The policy is published several places but is most visibly published as part of the annual bac catalog located on the bac website. The policy is triggered whenever a covered individual has a direct or indirect financial, professional, or other interest in a matter that comes before the individual for consideration. The policy identifies three different categories of conflict situations which are: financial self dealing, professional /academic honors and recognition, and faculty-student relations. When a potential conflict of interest situation arises, either actual or perceived, a covered individual shall take some or all of the following actions: disclosure, recusal from voting or decision making while allowing some measure of discussion participation, or total recusal from discussion and decision making. Additionally, members of the board of trustees are required to file an annual conflict of interest disclosure statement disclosing personal, business, and organizational interests and affiliations including membership on boards of other nonprofit organizations. The chair of the board of trustees and the president review the statements and contact the affected person if there appears to be a conflict of interest.”

“The benchmark for the president's salary is the cupa information on colleges and universities in new england of similar size. Those benchmarks greatly exceed what is affordable for the bac, thus the salary is based upon performance and budgetary constraints. The executive committee assigned by the board of trustees for the purpose of reviewing salary benchmarks of peer institutes, determined that the salaries of other officers and key employees were consistent with these benchmarks.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Founded 131 years ago, the boston architectural college is a recognized institution providing excellence in practice-integrated design education to members of diverse communities with students representing 35 countries. The bac offers on-site and online bachelors and graduate degrees in architecture, interior architecture, landscape architecture, design studies, and continuing education. In 2005, the bac became the first institution in the u.s. To offer an accredited online degree in architecture. Ranked #1 for best graduate school for earning potential and #4 for best architecture school offering bachelor's degrees in the u.s. In 2020 by gradreports, the bac upholds the importance of inclusive admission, diversity, innovation, dedicated faculty, and the intrinsic value of both academic and experiential education.”

“Strategic initiative and related expenses -812,432.”

“There have been no changes in the process.”