Hillel the Foundation for Jewish Campus Life

“The form 990 is prepared by the external auditors and reviewed by the executive director, controller and treasurer of the board of trustees. Once the executive director, controller and treasurer are satisfied with the form, it is finalized and a copy is sent to the members of the finance committee, to whom review of the 990 has been delegated by the board of trustees. The committee members are asked if they have any questions or comments and any questions are reviewed. Revisions or corrections are made as necessary. A final copy is then sent to the entire board of trustees electronically. The form is then submitted to the irs.”

“The organization has a written conflict of interest policy. Potential conflicts of interest rarely arise, and the organization's policy states that individuals should avoid placing themselves in positions wherein actual or perceived conflicts could arise. All trustees complete a conflict of interest disclosure prior to joining the board, and disclosures are updated annually. All potential conflicts are reviewed by the conflict of interest committee, consisting of the executive committee and executive director. The committee determines whether a given transaction is on fair and reasonable terms and is in best interest of the organization, and then determines whether the organization should proceed with the transaction. In addition, if a conflict of interest exists, the trustee in question must recuse him or herself from any vote or recommendation regarding the transaction.”

“Annually the ad hoc compensation committee of the board of trustees conducts a performance review and evaluation of the executive director. The review also establishes the executive director's compensation for the following year. The annual performance review and evaluation, benchmarking and compensation determination are documented by the committee. The compensation for all other employees, including the controller, is determined by the executive director during the employee's annual performance review and evaluation. The board approves the compensation of other employees through the annual budget approval process.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”

“Prior period adjustment -78,711.”