College of Mt St Vincent

“Process used to review form 990 the form 990 was prepared by a tax advisory firm in conjunction with the organization's financial department. The form 990 was presented to the audit committee in march of 2025 and a copy the draft form 990 was circulated to the board of trustees for discussion and comment. The board of trustees has directed that information on individual donors not be generally distributed. However, this information is available to any trustees who request it for review. Each audit committee member and board of trustees member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Enforcement and monitoring of conflict of interest policy potential conflicts of interest are reviewed annually by the audit committee. Relationships between board members, officers or key employees of the university must be fully disclosed. In such instance, the trustee, officer, or key employee of the universitymust: a. Trustees 1) if a trustee discloses the existence of such interest and describes the nature thereof to the other trustees at such time as one becomes aware of it, and in all instances prior to the time final action is taken by the board and/or the executive committee with respect to that matter; 2) abstain from voting thereon, with the meeting minutes recording such abstention; and 3) recuse himself/herself from the meeting during some portion of the discussion of the matter if the board chairman so requests this policy, however, should not be construed as preventing the trustee from briefly stating his/her position in the matter, nor from answering pertinent questions of other trustees, nor from recommending that the trustees enter into such transaction, since his/her knowledge may be of great assistance to the entire board. B. Officers 1) if an officer discloses the existence of such interest and describes the nature thereof to the president at such time as one becomes aware of it, and in all instances prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making a recommendation or decision on the matter involved and submit a written statement to the office of the president reporting having recused himself/herself thereon; the president shall inform the executive committee of the board. C. Key employees 1) if a key employee disclosed the existence of such interest and describes the nature thereof to the appropriate senior administrator and to the president at such time as one becomes aware of it, and in all instances, prior to the time the final action is taken by those responsible for the recommendation and/or decision involved; 2) abstain from making or participating in making a recommendation or decision on the matter involved and submit a written statement to the office of the appropriate vice president reporting having recused himself/herself thereon.”

“Process for determining compensation the process of determining the president's compensation is determined and voted on by the board of trustees. The executive committee, which is responsible for reviewing and documenting the compensation of the president, uses data provided by an independent compensation consultant. Documentation of the executive committee's deliberations regarding presidential compensation decisions is prepared, approved by the committee and filed with other board-related documents that are maintained at the university. The executive committee reports changes to the president's compensation in executive session to the full board. The process of setting compensation for compensation of other officers (vp's) and the provost of the organization is determined by the ceo (president) based upon comparability data. The most recent compensation study was conducted during fiscal year 2017.”

“Availability of documents to the public the university makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“The university combines a strong core curriculum with a full array of majors in the liberal arts and, within the tradition of liberal education, selected professional fields of study. At mount saint vincent, a student's education extends beyond knowledge, skills, and preparation for work. We seek the development of the whole person. In the spirit of vincent de paul and elizabeth ann seton, we foster an understanding of our common humanity, a commitment to human dignity, and a full appreciation of our obligations to each other. Through its school of professional and continuing studies, the university extends its primary undergraduate mission by offering high quality graduate studies in business, education, nursing, physician assistant, and an array of undergraduate and certificate programs serving non-traditional students.”