Marist College

“Organization's review process of form 990 the organization's form 990 is presented to the audit committee by the independent accounting firm and reviewed by the board of trustees prior to filing.”

“Enforcement and compliance of conflicts of interest policy as an on-going practice and as required by our code of ethics, all trustees are required to complete conflict of interest statements on an annual basis in which they are asked to discuss any business relationships they or a member of their families have with the university. The audit committee reviews these statements for compliance annually. Our code of ethics also requires that all executives, deans and selected staff with fiscal responsibilities for the university complete a conflict of interest statement annually. Completed statements that indicate a potential conflict of interest are reviewed by the chief financial officer, vice president for human resources, and the executive vice president. If a conflict exists, appropriate action is taken to ensure full disclosure or termination of the arrangement.”

“Compensation process for top management official the compensation and retirement program for the president was based on a comprehensive analysis conducted by an independent executive compensation consulting firm. The president's contract was recommended by the executive committee of the board (responsible for presidential evaluation and compensation), and approved by the full board of trustees. The president's performance is reviewed on an annual basis by the executive committee of the board and changes in compensation are recommended to the full board for approval. The executive committee of the board bases its recommendations for adjustments on performance and a review of appropriate college and university personnel association (cupa) data on presidential compensation and the process and decision is contemporaneously documented in the minutes. Compensation process for officers and key employees senior officer compensation is established after a review of compensation data from cupa at private institutions of higher education based on annual budget size and enrollment. In addition to salary comparability at other institutions, performance and years of service in the position are also factors considered by the president in determining a senior officer's annual salary.”

“Governing documents disclosure the university's governing documents are available upon request from the office of the chief financial officer. The financial statements and conflict of interest policy are available on the university's website at marist.edu.”

“Effective january 29, 2025, the board of regents of the university of the state of new york, for and on behalf of the state education department, approved marist university's amendment to is charter changing the corporate name to marist university.”

“Fasb 158 adjustment 986,400. Mrps depreciation -436,686. Net mc real property profit 31,961. Payments to beneficiaries -73,781. Net mrps fixed assets change 436,686. Mc real property rental income or loss -109,836.”