The College Crusade of Rhode Island

“The bylaws were amended in december 2023. Significant changes included: 1. Change the president and ceo into a non-voting member. 2. Apply terms and term limits to ex-officio members.”

“The organization has its form 990 prepared by an outside accounting firm. A complete copy is provided electronically to all members of the organization's board of directors for their review and approval at a board meeting prior to filing.”

“Annually, an ethics compliance reporting form is sent to all directors for their signature. The finance and administration committee annually reviews the completed forms to identify potential conflicts of interest. In the event of a potential conflict of interest, no transaction between the organization and one or more interested persons may be approved unless all of the following conditions are met: a) all relevant and material facts that might reasonably be construed to be adverse by the organization's interest are disclosed in good faith in advance by such director and (b) the board determines that the director has made the disclosure and fully responded to questions concerning the matters referred to above and established that the contract or transaction is fair and reasonable to the organization. (c) the board authorizes such contract or transaction by a vote of at least a majority of the directors present at a meeting at which a quorum is present, and such interested director is not counted in determining the presence of a quorum or in determining the majority vote; and (d) such interested director is not present at such time as the vote or decision is made.”

“An independent consulting organization is hired by the organization to develop the ceo job description, research compensation data and develop and make recommendations to the board of directors for the ceo's compensation package and executive contract content. Annually, the ceo's performance is evaluated by a board sub-committee, which then makes recommendations to the full board for any compensation adjustments. The review and approval is documented in the board meeting minutes. This process was last undertaken in june 2024. The ceo sets the compensation for the chief finance & administration officer. The ceo looks at comparative data from similar nonprofits in order to formulate compensation adjustments.”

“The organization's governing documents (articles of incorporation and the by-laws) are available upon request, the conflict of interest policy is available upon request, and the audited financial statements are available on the organization's website and upon request.”

“Change in fair value of beneficial interest in community foundation 36,473.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”