Caldwell University Inc

“The member is the congregation of the sacred heart of jesus of the third order of saint dominic.”

“The member has the power to appoint or remove trustees.”

“The congregation of the sacred heart of jesus of the third order of saint dominic have reserved powers exclusively with caldwell university.”

“The form 990 is reviewed in detail by the board finance committee and board audit committee prior to filing. The form 990 was provided to and made available to the organization's board of trustees and each voting member of the organization's governing body prior to its filing the federal form 990. As part of the tax return preparation process, the organization hired a professional cpa firm with experience and expertise in not-for-profit tax return preparation to prepare the form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel and various other individuals of the organization to complete the preparation of the return. The cpa firm presented and explained the tax return to the audit committee of the board of trustees as part of their meeting.”

“The organization regularly monitors and complies with its conflict of interest policy. Annually, officers, key employees and each member of the board of trustees receives the organization's conflict of interest policy to review.”

“Annually, the college establishes and maintains reasonable executive compensation and benefits programs that allow the college to effectively attract, retain and motivate key executives while maintaining compliance with all legal requirements. The process for determining compensation of the president and other key officers of the organization includes utilizing comparable industry data. The compensation of the president is reviewed and approved by the compensation committee of the board of trustees.”

“The university makes its governing documents, conflict of interest policy or financial statements available to the public upon request.”

“Sister kathleen tuite is an officer of the college, but she is not issued a w-2 for the services she provides. For calendar year 2014, sister kathleen was paid $125,000 however, she receives no benefits from the college and her entire salary is remitted directly to the sisters of saint dominic. Per the instructions to the form 990, her salary is not required to be reported in schedule j or form 990 part vii.”

“The organization has an audit committee who oversees the audit of its financial statements and selects its independent accountants.”