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 (or the chair's designated representative) of the standing committees and at-large members, nominated by the Committee on Board Development 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 shall have authority to act for the Board between board meetings in circumstances that, in the judgment of the Executive Committee, qualify as "urgent conditions" such action should not be held until the next Board meeting; to manage continuing governance projects such as the presidential performance appraisal process; and to serve when appropriate as an ad hoc committee responsible for projects with defined goals and objectives that have start and end dates and specified outcomes. The Executive Committee shall keep the full board informed about the work of the Executive Committee and all actions taken while functioning as an interim governing body. Notwithstanding the foregoing, the Executive Committee shall not have authority to act on matters that are, pursuant to the charter, the College's by-laws or applicable law, reserved to the full Board.”

“The form 990 is prepared internally under the review of the 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. 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 Treasurer's 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. If there are actual or potential conflicts of interest, the VP of Finance and Administration will work with the person who reported the conflict and with the relevant area of College administration (possibly the President, the AVPs of Finance and the AVP of HR) to develop a mitigation plan.”

“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 periodically by an independent consultant; using comparative compensation data, including overall market factors determined to impact compensation. The executive committee of the college's board of trustees adequately and timely documents the basis for setting the president's compensation plan concurrently with the making of the determination. The president's compensation is formally incorporated into his/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 such as, cupa-hr, 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; using comparative compensation data, including overall market factors determined to impact compensation. The president presents his/her decision to the executive committee of the college's 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 individual's salary letter.”

“Hard copies of the college's financial statements and form 990 are kept on file for public review. In addition, the college's form 990 is available on the website of guidestar usa, inc. At www.guidestar.org. An electronic version of the college's conflict of interest policy is available at http://www.lemoyne.edu/college-administration/finance-and-administration. The college's governing documents are not made publicly available.”

“CONFERENCES - Total Revenue: 74032, Related or Exempt Function Revenue: 74032, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Loss of extinguishment of debt - -3; self insurance adjustment - 338140;”