Clarkson University

“Bayard d clarkson sr. And bayard d clarkson jr. Are both current trustees and have a family relationship.”

“The delegation of authority was expanded to clarify the triggering events for full board authorization, including events related to property acquisition and leases, the use of gift proceeds, capital expenditures, and lines of credit.”

“The following process was observed by the university regarding the irs form 990: the return was prepared by management with a review performed by a qualifying tax consultant; a draft was presented to the audit committee of the board of trustees for review and approval; a copy of the final return was distributed to all board members before electronically filing the return with the internal revenue service.”

“All trustees, officers and key employees are required to annually complete a conflict of interest statement. The statements are reviewed by the chair of the audit committee and addressed in governance meetings as needed.”

“The university's top management official is the president, the chief financial officer is the treasurer of the corporation, the vice president for external relations is teh assistant secretary to the board of trustees and the key employees are as follows: provost, dean of the school of business, dean of the school of engineering, vice president for development and alumni relations, dean of the graduate school, vice president of enrollment management & student advancement, associate vice provost for research and technology transfer, chief information officer, chief hr and deputy chief inclusion officer. The above positions' compensation packages are reviewed by the compensation subcommittee of the board of trustees' people priorities committee. The subcommittee conducts a comprehensive review using data from a multiple sources (most notably, data from independent compensation consultants, the association of independent technological universities and the college & university professional association of human resources) for comparable universities. The subcommittee also solicits input from the executive committee of the full board as to the performance of the president, and considers this feedback in its deliberations. The subcommittee (1) makes compensation recommendations for the president, (2) affirms compensation actions for the other positions listed above as determined by the president, and (3) conveys this information to the executive committee, which makes the final determinations and documents its decisions in the executive committee meeting minutes. This process is performed annually. The university believes its procedures regarding executive compensation meet the rebuttable presumption requirements described in regulation section 53.4958-6(c).”

“The university posts its conflict of interest policy on its website in the operations manual found under the human resources link. The consolidated financial statements are available on the university's website, while the irs form 990, form 990t, and governance documents are made available upon request.”

“Higher education: provide instruction, research, public service, campus support, etc. For undergraduate and graduate students. (3,773 fte students) u.s. News & world report's 2021 rankings of 'best colleges' again placed clarkson university in tier one, the top tier of national universities. Clarkson ranked in the top 125 institutions in the nations. Contributing to clarkson's overall ranking were its academic reputation, its graduate rate, and the potential for student social mobility. Clarkson is once again on the u.s. News 'great schools, great prices' list (best value schools). The princeton review slected clarkson for its list 'top 50 undergraduate schools for entrepreneurship studies for 2021'. In its profile on clarkson, the princeton review saluted the school for its highly-collaborative community that ignites connections across fields, industries, and cultures, in january 2021, clarkson was featured in the new college guidebook 'colleges worth your money'. Clarkson was one of only 150 institutions that were selected for inclusion in the first edition of the annual college guide.”

“Related entity management fee -38,110. Net gain (loss) on related entity -65,550. Post retirement adjustment 1,850,951. Unrealized gain/loss securities 420 1,729,800. Unrealized gain/loss 180 21,757. Miscellaneous -66.”