Dominican University New York

“Governing body and management the university is reporting 32 board members. There are three board members who are members of the dominican sisters of blauvelt who have taken a bona fide vow of poverty. All amounts reported in part vii and schedule j of the 990 were paid directly to the order. While the sisters could be considered independent under the irs guidelines; nevertheless, in the interest of full disclosure, the university is reporting them both as non-independent.”

“Process used to review form 990 the audit committee of the board of trustees reviews the final draft of the form 990. The audit committee makes recommendations on changes as necessary. The committee votes to approve the form 990 and arranges to have the approved form 990 sent to each board member for review and comments. The audit committee resolves inquiries from board members after their review. Once the process is complete, the university submits the form 990 to the irs.”

“Enforcement & monitoring of conflict of interest policy the university requires all officers, trustees and key employees to complete an annual questionaire that requires the individuals to disclose any transactions that may potentially result in a conflict of interest. These are reviewed by the board chairman and the president of the university. The vp for financial affairs collects the key employee disclosure forms and reviews them with the president of the university. To the extent that a conflict of interest is discovered, the transaction is vetted immediately and the appropriate action undertaken.”

“Process for determining compensation the executive committee of the board of trustees serves as the compensation committee which reviews and approves all key employee annual compensation without any conflict of interest with respect to that compensation. The committee used comparable compensation data for similarly qualified people in functionally comparable positions at similar organizations. This is an annual process where contemporaneous documentation of the deliberation and decision regarding the compensation arrangement is recorded. The committee utilizes data from cupa-hr as comparative data for analysis. Dominican university new york commissioned its last compensation survey in march of 2023.”

“Availability of documents to the public makes its form 990 available to the public by retaining a copy at its place of business. 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 aim of dominican university new york is to promote educational excellence, leadership, and service in an environment characterized by respect for the individual and concern for the community and its needs. Founded by the dominican sisters of blauvelt, the university is an independent institution of higher learning, catholic in origin and heritage. In the dominican tradition, it fosters the active, shared pursuit of truth and embodies an ideal of education rooted in the values of reflective understanding and compassionate involvement. Committed to building its programs upon a strong foundation in the liberal arts and sciences, the university maintains a student-centered climate and serves a diverse community of students in undergraduate and graduate programs. The university empowers this community of learners to excel, lead and serve with integrity and to engage responsibly in the pursuit of a more just, ethical and sustainable world. Dominican university new york is dedicated to the principle that its educational programs and services must be both challenging and supportive, distinguished both by high standards and by attention to the needs and potential of the individual student. Affirmed and engaged by these standards and values, graduates are prepared for purposeful lives and for the careers and professions they choose to pursue.”

“Related parties disclosure the university was founded by the sisters of st. Dominic of blauvelt in 1952 as a three-year liberal arts university in the catholic tradition, offering a teacher preparation program for women religious. The university deems the sisterhood to be a related party of the university, but since the sisters do not meet the irs definition of a related party, the university has opted to not complete a schedule r. In the interests of full disclosure, the university is including this schedule o narrative to disclose the relationship.”