Ithaca College

“Form 990 review process the college's department of financial services compiles the underlying records and prepares supporting schedules used in the preparation of the form 990. The college uses an external tax service provider to prepare and review the form 990. The interim vice president of finance and administration and other knowledgeable persons review the form 990 prior to submitting the form 990 to the board of trustees for review. The trustees review the form 990 prior to the board of trustees meeting held in the spring. During the spring board meeting, the audit committee engages in an additional review of the form 990 with the external tax service provider and persons from the college's department of financial services. The audit committee votes to approve the form 990.”

“Conflict of interest policy all trustees and senior management complete annual conflict of interest forms. The forms are submitted to the secretary of the board and all disclosed conflicts are forwarded to the chair of the audit committee for review and on-going monitoring.”

“Process for determining executive compensation a. For top management officials - the board of trustees sub-committee on compensation annually collects comparability data to be used in establishing presidential compensation. This data is gathered using the assistance of non-interested parties including external consultants and the college's office of human resources. The sub-committee on compensation makes a recommendation to the executive committee, which has authority to approve the recommendation. The executive committee reports to the full board the details of the review and compensation. B. For other officers and key employees - human resources obtains comparability data on compensation which is shared with the president. The data is reviewed and the compensation committee is informed of the decisions. The president annually reviews the compensation policies of the college related to senior officers.”

“MAKING ORGANIZATIONAL DOCUMENTS AVAILABLE TO THE PUBLIC THE PUBLIC MAY ACCESS THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BY VISITING THE COLLEGE'S WEBSITE OR BY CONTACTING THE OFFICE OF THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AT THE CONTACT INFORMATION DISCLOSED IN PART VI SECTION C LINE 20. Form 990, PArt IX, Line 11g Ithaca College commissions Sodexo to provide food services to the entire College campus; Amounts reported on part IX represent expenses incurred to Sodexo for the fiscal year ending May 31, 2018; amounts reported in Part VII, Section B represent expenditures paid on the calendar year basis. The expenses Ithaca incurs for these food services are composed of: costs of goods (i.e. food and beverages), wages, benefits, supplies, travel, other general operating costs and a management fee.”

“Other program services academic support includes expenses incurred to provide support services for the colleges primary program service of instruction, research, and public service. It includes the following activities: the retention, preservation, and display of educational materials at the ithaca college library, the handwerker gallery, and other gallery spaces; information technology services deployed at the college, particularly services within the themes of campus engagement and teaching & learning; academic administration and personnel providing administrative support and management direction to the primary program service; and separately budgeted support for course and curriculum development.”

“Reconciliation of Net assets POSTRETIREMENT BENEFITS EXPENSE OTHER THAN NET PERIODIC BENEFIT COST ($81,762) LOSS ON BOND RESTRUCTURING ($2,831,892) ADJUSTMENT TO SELF-INSURED MEDICAL LIABILITY $1,063,843 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS $2,942,573 OTHER CHANGES ($80,836) TOTAL ($1,011,926)”