Davis College

“(a) The Executive Committee shall be comprised of the Chair, Vice Chair, Secretary and Treasurer of the Board. The President shall be an ex-officio member of the Executive Committee, without voting power. He may be counted for the purpose of determining a quorum. (b) The Executive Committee shall meet as requested by the Chairman or the President of the College. The Board may delegate and/or refer to the Executive Committee such matters as may from time to time be determined by the Board, with the exception of matters involving policy, new member selection, disbursement of unbudgeted funds, and the selection of a President. (c) The majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Minutes of the meeting shall be taken and distributed to each Trustee following the Executive Committee Meeting. (d) In emergency situations, the Executive Committee shall poll the Trustees on necessary business by the utilization of appropriate communication methods.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“See explanation for Form 990, Part VI, Line 15a”

“The officers' compensation is determined by the Finance and Operations Committee (independent persons) and are part of the budget approved by the board. This approval is documented in the minutes.”

“The organization's bylaws were updated during the fiscal year to update the number, qualifications, and duties of the governing body's voting members and officers, and to include the procedure for the distribution of assets upon dissolution.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's Director of Finance. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The college requires all board members to annually complete and sign a conflict of interest questionnaire. The Director of Finance is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The President is responsible for reviewing the signed statement of the Director of Finance. If a matter related to a potential conflict were to arise at a board meeting, the interested person would abstain from voting on matters related to the noted conflict.”

“Other Income - Total Revenue: 1444, Related or Exempt Function Revenue: 1444, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Shared Service Fees - Total Expense: 159550, Program Service Expense: 159550, Management and General Expenses: , Fundraising Expenses: ; Other Professional fees - Total Expense: 8630, Program Service Expense: , Management and General Expenses: 8630, Fundraising Expenses: ;”