St Peters College Realty Holding Corporation

“This organization is an affiliate of saint peter's university ("university"), a related internal revenue code section 501(c)(3) tax-exempt organization. The organization's federal form 990 was provided to each voting member of its governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). In addition, the university's audit committee performed a detailed review of the federal form 990. The organization's board of trustees has delegated to the university's audit committee the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process for the university and its affiliate. As part of the tax return preparation process, the university and this organization hired a professional cpa firm with experience and expertise in both education and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the university's finance personnel including the vice president of finance and business and controller ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the university's internal working group for review. The university's internal working group reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the university's internal working group for final review and approval. Following the finalization of the review and approval of the form 990, the university's audit committee performed a detailed review which was presented and discussed at a special meeting held on november 5, 2018. In conjunction with the audit committee meeting wherein the form 990 was presented and discussed, the form 990 was provided to each voting member of its governing body.”

“This organization is an affiliate of saint peter's university ("university"), a related internal revenue code section 501(c)(3) tax-exempt organization. This organization has not yet adopted its own conflict of interest policy, however, all members of this organization's board of trustees adhere to the university's conflict of interest policy and complete the necessary questionnaire. The university and this organization regularly monitor and enforce compliance with this conflict of interest policy. The completed questionnaires are returned to the university's secretary to the board for review. Thereafter, the university's secretary to the board prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis. If applicable, the secretary to the board presents this summary to the organization's executive committee for its review, discussion, investigation and implementation of any necessary mitigating behavior.”

“Although this organization has no paid employees, all individuals reported in core form, part vii and schedule j are employees of saint peter's university ("university"), a related internal revenue code section 501(c)(3) tax-exempt organization. The university's board of trustees has an executive compensation committee ("committee"). The committee reviews the "total compensation" of the organization's president which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee's review is done on a contract renewal basis with performance bonuses reviewed and approved annually. The committee ensures that the "total compensation" of the president of the organization is reasonable. The committee obtains and relies upon "appropriate data as to comparability" prior to making its determination. The committee is comprised of members of the board of trustees, each of whom are independent and are free from any conflicts of interest. Although there is no formal contemporaneous documentation for the executive compensation committee at the committee level, the committee reports directly to the university's board of trustees wherein all discussions at the committee level are documented in written meeting minutes of the full board of trustees. The compensation and benefits of other executives reported in core form, part vii and schedule j of this form 990 are reviewed annually by the president with assistance from the university's human resources department in conjunction with the individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by the university. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury. The organization's financial statements, governing documents and conflict of interest policy are available to the public upon request and at management's discretion.”

“This organization is an affiliate of saint peter's university ("university"), a related internal revenue code section 501(c)(3) tax-exempt organization. All board of trustee members and officers listed on core form, part vii and schedule j of this form 990 hold similar positions with the university. The hours reflected on part vii of this form 990 reflect total hours worked per week on behalf of the both the university and this organization; not solely this organization.”

“This organization is an affiliate of saint peter's university ("university"), a related internal revenue code section 501(c)(3) tax-exempt organization. An independent cpa firm audited the consolidated financial statements of the university and this organization for the years ended june 30, 2018 and june 30, 2017; respectively. An unmodified opinion was issued by the independent cpa firm each year. The university's audit committee assumes responsibility for oversight of the audit of the university's consolidated financial statements and the selection of its independent auditor.”