Le Moyne College

“The Board of Trustees has delegated broad authority to the Executive Committee. The Executive Committee has at least 10 members, consisting of the Board Officers, President, the chairs of the standing committees and at-large members, nominated by the Governance Committee and elected by the Board of Trustees. Members of the Executive Committee serve a one-year term and may be re-elected for an unlimited number of additional terms. The Executive Committee has the authority to act for the Board of Trustees on matters which cannot or should not be deferred to the Boards next scheduled meeting, except for the following which shall be reserved for the Board: presidential election and termination; trustee and board officer election; standing committee membership and chair selection; changes in institutional mission and purposes; changes to the Charter or bi-laws; incurring of corporate indebtedness; sale of College assets or tangible property; adoption of the annual budget and conferral of degrees. The Executive Committee reports to the full board at each meeting on all actions taken by it since the last Board meeting. In addition to its authority to take action on matters which cannot or should not be deferred to the Boards next scheduled meeting, the Executive Committee oversees the Colleges planning process and progress on planning goals, the Boards responsibility to support the president and assess his or her performance, annually review the Presidents compensation and conditions of employment, and when requested by the Board, oversee the work of Board Committees. FORM 990 PART VI, SECTION A, LINE 4 THE COLLEGE'S BY-LAWS WERE UPDATED DURING JUNE 2017 TO ADD SECTIONS ADDRESSING THE STATUS OF TRUSTEES EMERITUS AND THE ABILITY TO EXTEND TRUSTEE TERMS IN SPECIAL CIRCUMSTANCES.”

“The Form 990 is prepared internally under the review of the Senior Vice President for Finance and Administration and Treasurer. The completed Form is distributed to the Finance Committee to review with management. The officer/employee compensation disclosures are reviewed by the Executive Committee of the Board of Trustees. After the Finance Committee reviews the Form 990, the completed Form is distributed to the Board of Trustees prior to filing the Form with the IRS.”

“Prior to the beginning of each academic year each vice president receives a list of administrative-level and executive employees in his or her division who received a conflict of interest form in the prior year. The vice presidents review the lists for their respective division for completeness and accuracy, making any adjustments necessary. Each identified employee receives a conflict of interest form to complete, as well as a copy of the conflict of interest policy. The employee listings and completed forms are kept in a confidential file in the Senior Vice President for Finance, and Administration and Treasurers Office. Regular follow-up with employees occurs during the year to ensure all conflict of interest forms are received. In addition to administrative-level and executive employees, all Board of Trustees members receive a conflict of interest form to complete and a copy of the policy. Regular follow up occurs during the year to ensure all conflict of interest forms are received.”

“The process for determining the compensation plan of the President meets the three requirements of the rebuttable presumption provisions under treasury regulation 53.4958-6. The compensation plan of the President is approved in advance by the Executive Committee. Prior to making a compensation decision, the Executive Committee obtained and relied upon appropriate data as to comparability. The comparability data is used to obtain an objective third party assessment of the total compensation plan to ensure the components and total plan is reasonable, customary and within market. This assessment is prepared annually on a rotating basis, internally and by an independent consultant; using comparative compensation data, including overall market factors determined to impact compensation. The Executive Committee of the Colleges Board of Trustees adequately and timely documents the basis for setting the Presidents compensation plan concurrently with the making of the determination. The Presidents compensation is formally incorporated into her employment contract.”

“The process for determining the compensation plans of the Officers and Key Employees, meet the three requirements of the rebuttable presumption provisions under treasury regulation 53.4958-6. The compensation plan of the Officers and Key Employees are approved in advance by the President. Prior to making compensation decisions, the President obtained and relied upon appropriate data as to comparability. The comparability data is used to obtain an objective third party assessment of the total compensation plans to ensure the components and total plans are reasonable, customary and within market. These assessments are prepared annually on a rotating basis, internally and by an independent consultant; using comparative compensation data, including overall market factors determined to impact compensation. The President presents her decision to the Executive Committee of the Colleges Board of Trustees for review and the determination and decision is documented in the minutes of the Executive Committee. The compensation is formally incorporated into each individuals salary letter.”

“Hard copies of the Colleges financial statements and Form 990 are kept on file for public review. In addition, the Colleges Form 990 is available on the website of GuideStar USA, Inc. at www.guidestar.org. An electronic version of the Colleges conflict of interest policy is available at: www.lemoyne.edu/College-Administration/Finance-and-Admininstration The Colleges governing documents are not made publicly available.”

“The College is a diverse learning community that strives for academic excellence in the Catholic and Jesuit tradition through comprehensive programs rooted in the liberal arts and sciences.”

“Le Moyne College offers undergraduate and graduate, programs to approximately 3,128 full-time equivalents in nearly 58 areas of study. In addition to instruction offered in individual academic disciplines, all undergraduate students engage in a core curriculum which seeks to provide a foundation in the liberal arts and sciences and refine students critical thinking and communication skills. Within the core curriculum students deepen their understanding of the diverse ways in which women and men throughout history have responded to enduring questions about meaning and order in the physical universe, in social and political processes, and in human experience. Each year, approximately 1% of Le Moyne students also take part in the Colleges study abroad program to enhance their educational experience, immerse themselves in a new way of life and develop new perspectives on the people and cultures of other lands.”

“The College offers several programs through its public service function to assist socially- and economically-disadvantaged high school students in successfully completing their secondary education and providing an opportunity to enter some form of post-secondary education. These programs provide advisement and tutoring experiences, as well as outside enrichment activities. The College also operates an academic support center offering tutoring and study groups to assist students in their coursework, to provide individual consultations to improve students learning strategies and study skills, to provide support and counseling for students on academic probation, and to administer accommodations for students with learning and other disabilities. In addition to the Academic Support Center, the Noreen Reale Falcone Library supports the educational goals of Le Moyne College through a process of continuous review and improvement of collections, instructional programs, technology, and information services. The Library collection contains over 186,000 book titles (encompassing 261,000 volumes), 205,000 e-book titles, 1,891 print and electronic periodical subscriptions, and 8,400 videos. In addition to in-house collections, access is provided to over 270 databases, which grant access to 50,000 additional periodical titles, and 50,000 digital films.”

“In keeping with the Colleges mission and Jesuit tradition of educating the whole person, Le Moyne offers a variety of student services to meet student needs outside the classroom. These services enhance the quality of student life and foster student social development. Activities and services revolve around key areas including housing and food service, personal counseling, health services, service learning, career planning and placement, and intercollegiate athletics. In particular, Campus Ministry offers a variety of retreat and alternative break programs to students looking to engage in spiritual growth and answer the call to be leaders in serving the needs of others, as well as opportunities to take part in liturgical ministries. The Office of Service Learning integrates community service opportunities with academic coursework in recognition of the social justice component of a Jesuit education. Finally, the Office of Career Services offers seminars and workshops on a variety of topics including resume writing, interviewing, and graduate-school planning, along with recruiting programs featuring employers from a variety of industries. FORM 990 PART I LINE 7B UNRELATED BUSINESS TAXABLE INCOME Le Moyne College's unrelated business taxable income for tax year 2017 included $11,934 in expenses incurred to maintain employee parking spaces on campus. Under Internal Revenue Code Section 512(a)(7), such expenses are included in unrelated business taxable income as amounts paid for disallowed fringes and are therefore reflected in part I, line 7b. Part I, Line 7a includes only revenues reported on Part VIII, Column (C) as unrelated business revenue.”

“Change in value of FIN 47 Liability $ (336,942) Change in fair value of interest rate swap $ 315,648 Change in value of SFAS 158 Postretirement Care Liability $ 82,978 ------------- Total $ 61,684”