Manhattan College

“Manhattan college has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. A complete copy of the 990 return is given to the vp for finance and administration and the controller for review prior to filing.”

“The conflict of interest policy is included in the employee handbook and covers all college staff. Annually, the office of human resources requires all senior academic and administrative staff, those in a position to influence college decisions, and members of the board of trustees to sign and return a copy of the conflict of interest form. Covered persons having a conflict are required to call it to the attention of the vice president for finance and the vice president of human resources. All conflict of interest issues are investigated by the office of human resources/vice president of human resources. If needed the vice president of human resources confers with the appropriate personnel (i.e., vice president, board committee, president and/or chair of the board) to resolve conflicts of interest. A covered person having a conflict of interest shall not participate in any decision making meeting on the subject, will not make a decision on the matter, and will not try to influence the college's decisions.”

“The process in 2019 to approve the renewal of the president's employment agreement consisted of the vp of human resources working with attorneys specializing in higher education and benefits/pensions and a sub-committee of trustees from the board's executive committee. In order for the trustees to consider contract terms and compensation, data was compiled of presidents' compensation from 25-30 colleges deemed to be similar to manhattan college, plus the cupa administrative compensation survey. The trustees also had access to a summary of the value of current compensation for the president and knowledge of the president's performance and achievements for the college. After review and consideration of these factors, the sub-committee presented the data and proposed employment agreement terms to the executive committee, which in turn presented the agreement for approval by the board of trustees. Salaries for officers and key employees are reviewed on an annual basis and are in line with salary surveys that report on institutions of higher education salaries (i.e., cupa administrative compensation survey). The salaries are reviewed by the vice president of human resources and the president of the college. In 2019, an outside consultant specializing in higher education executive compensation reviewed the salaries of the secretary, treasurer, assistant treasurer, provost, and vice president for facilities. The vice president of human resources also works with the vice president of finance. Records are maintained by manhattan college documenting the compensation review process. In 2019, an outside consultant specializing in higher education executive compensation reviewed the salaries of the secretary, treasurer, assistant treasurer, provost and vice president for facilities. The vice president of human resources also works with the vice president of finance. Records are maintained by manhattan college documenting the compensation review process.”

“The college makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Write off of prior year uncollectible pledge -75,000.”

“The organization's entire board of directors assumes responsibility for the oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.”