The Boston Consortium for Higher Education Inc

“The members of the boston consortium are the schools. Senior administrators are assigned by each school and, as this organization was begun by cfo's, the schools' cfos still constitute the board of directors. As the consortium work is focused on improving non-academic operations, board members are senior administrators from each school.”

“Directors hold their board position as long as the school remains a member or until the school changes its representative. Officers of the board (chariman, vice chair, treasurer, clerk, and at large) hold three year terms,historically as a "slate of five" elected by a majority of the full board. The executive director is an officer, but serves at the wishes of the board. New member schools are elected by the board.”

“Board members represent their schools who are the holders of the seat on the governing board.”

“The form 990 is presented to the executive director and treasurer for approval before filing.”

“Annual disclosure statements are submitted to the board and employees are reviewed by the executive director. If a potential conflict of interest is found to exist, the board reaches to a legal consultant in order to determine the proper course of action.”

“Officers of the board including the chairman request comparability data from comparable organizations. In all cases compensation is determined by independent persons. The officers of the board comprise a compensation committee which determines the salary of the executive director and the full board reviews the decision.”

“Documents will be made available upon request.”

“The boston consortium for higher education empowers its member institutions to thrive in a dynamic and challenging environment. Through innovative programs, initiatives, and thought leadership, tbc enables members to improve their financial and operational performance as well as the quality of their offerings.”

“The boston consortium for higher educations programming is focused on servicing their members with the community of practice and the share service programs. The boston consoritum for higher education's communities of practice serve as forums for discussion, support, information sharing, and problem solving among peers. The communities gather in-person, conduct video meetings, and connect via tbcs listservs. Through the meetings and listservs, members share best practices, brainstorm ideas for new shared services and contracts for cost savings, and deepen their collegial relationships through collaboration. The boston consortium for higher education manages shared service programs designed to help members realize additional value, collaborate, and achieve administrative excellence. Shared services include internal audit services, risk management services, and the academic and healthcare travel program which offers discounts for domestic and international travel.”

“Management fee 72,300 shared administrative expenses -72,300”