University of Saint Joseph

“Organization's members: the university is an institution of higher education sponsored by the institute of the sisters of mercy of the americas and affiliated with the conference for mercy higher education ("cmhe").”

“Member actions: as a condition to the corporation's affiliation with cmhe and sponsorship by the sisters of mercy of the americas, the board of trustees shall not take any of the following actions without the prior written consent of the board of directors of cmhe or its successor or designee: i. Approve a sale or disposition of all or substantially all of the assets, a merger, consolidation, reorganization, dissolution or liquidation of the corporation, or other fundamental transaction contemplated within the nonprofit corporation law of the state of connecticut or these bylaws; or ii. Amend this section or article i of these bylaws, or article 3 or article 6 of the certificate of incorporation, with respect to the corporation's roman catholic identity or the affiliation of the corporation with cmhe or its sponsorship by the sisters of mercy of the americas.”

“Form 990 review process: the form 990 is reviewed in draft form by the audit committee of the board of trustees. The final version is distributed to the board of trustees in advance of filing.”

“Conflict of interest policy: the president's office sends annual conflict of interest questionnaires to members of the board of trustees. If a conflict of interest is identified, the trustee member shall refrain from participating in any action on matters except upon approval of the board after full and frank disclosure. The vice president for finance and administration reviews the completed questionnaires, and presents the results to the board's audit committee.”

“Compensation policy: the process for determining the compensation for the president meets the three requirements of the rebuttable presumption of reasonableness. Compensation for the university's president is set by the executive committee of the board of trustees, which is composed of individuals who do not have a conflict of interest regarding the transaction. The process includes the comparison with compensation of presidents of comparable institutions, by means of industry surveys and review of form 990's; and contemporaneous documentation of deliberations and decisions regarding the compensation agreement. The president's compensation agreement is a written document. This full process was most recently undertaken during the year ended june 30, 2024.”

“Public disclosure: the university makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 and the audited financial statements are available through the university's website. The form 990 is also posted on www.guidestar.org.”

“The university of saint joseph, founded by the sisters of mercy in the catholic tradition, provides a rigorous liberal arts and professional education for a diverse student population in an inclusive environment that encourages strong ethical values, personal integrity, and a sense of responsibility to the needs of society. Core values: *catholic identity* the university of saint joseph is grounded in its heritage as a catholic institution, expressing the catholic tradition in an ecumenical and critical manner. *development of the whole person* the university of saint joseph encourages, inspires, and challenges all students to fully develop their intellectual, spiritual, social, emotional, physical and leadership potential. *compassionate service* the university of saint joseph promotes, supports and facilitates caring service as an integral part of all teaching and learning experiences. *academic excellence* the university of saint joseph provides a value-centered education that prepares students as global citizens, lifelong learners, and informed decision makers. *respect/integrity* the university of saint joseph demonstrates respect and reverence for all people and fidelity in personal witness. *hospitality* the university of saint joseph is a welcoming community where its relationships are based on openness, inclusivity, and mutual respect. *multiculturalism/diversity* the university of saint joseph is committed to fostering the growth of an inclusive community that welcomes differences among community members and benefits from them.”

“Change in fair value of interest rate swaps 520,961.”