La Salle University

“The executive committee is comprised of the chair and vice-chairs of the board, the president, the brother visitor of dena, and the chairs of all the respective standing committees, all of who are members of the governing body. When the board is not in session, the executive committee's scope encompasses all of the powers of the board in the management of the business and affairs of the university, except that the executive committee may not grant or confer degrees, nor make removals from office, nor incur any indebtedness unless previously authorized to do so by the board.”

“The process of reviewing la salle university's 990 return internally is thorough and complete. The first step in the process requires the financial audit to be substantially complete, and then the appropriate persons at the university are contacted so they may begin preparing their respective sections of the 990. The data is then gathered and entered into the 990 and supporting schedules. Upon completion of the 990, by the controller, the 990 (along with all supporting schedules) is sent to the independent accountants. Once reviewed by the independent accountants, and any questions answered or support provided, it is sent back to the university for final review and presentation to the university's board of trustees. Lastly, the final version is sent to the vice-president for finance and administration for approval and signature.”

“The university consistently monitors and enforces compliance with its written conflict of interest policy. The university requires that all board members annually sign a conflict-of-interest statement. This statement places the responsibility of expectation on each member to refrain from actions used as a means for his/her private benefit or inurement. Regarding the university's staff and employees, there is on-going training conducted by various departments. The intent of this training is to have employees understand and embrace the "la sallian" virtues and codes of conduct for all employees. The conflict of interest policy applies to members of the board of trustees, officers, key employees, and staff of the university. It is also intended to serve as a guide for all employees of la salle. Disclosures by board members are directed to the president or board. All other employees are to disclose any conflicts or potential conflicts to the vice president of their respective division. Any such disclosure should then be forwarded to human resources for inclusion in the employee's personnel file. Any person unsure of a conflict may request an officer to weigh in on the matter to ascertain whether or not a conflict exists.”

“There is a compensation committee of the board of trustees which reviews the compensation of the president and certain senior university executives. Beginning in 2009, the board engaged an outside consultant, yaffe & company, inc. To advise on executive compensation going forward. This firm has been a specialist in reviewing non-profit executive compensation since 1976. The process utilizes customized regional and national salary survey data, complies with all irs and other requirements for independence, accountability, disclosure, and documentation. Consequently, our executives are compensated competitively and our trustees are secure in knowing that all regulatory requirements have been met. Yaffe will then present its findings and recommendations back to the la salle compensation committee of the board of trustees. At this point, there would be deliberation on any recommendations and the board will also take into account any other relevant information and factors in determining the reasonableness of executive compensation. This review last occured in 2019. There is a compensation committee of the board of trustees which reviews the compensation of the president and certain senior university executives. Beginning in 2009, the board engaged an outside consultant, yaffe & company, inc. To advise on executive compensation going forward. This firm has been a specialist in reviewing non-profit executive compensation since 1976. The process utilizes customized regional and national salary survey data, complies with all irs and other requirements for independence, accountability, disclosure, and documentation. Consequently, our executives are compensated competitively and our trustees are secure in knowing that all regulatory requirements have been met. Yaffe will then present its findings and recommendations back to the la salle compensation committee of the board of trustees. At this point, there would be deliberation on any recommendations and the board will also take into account any other relevant information and factors in determining the reasonableness of executive compensation. This review last occured in 2019.”

“La salle university's audited financial statements and irs form 990 are made available upon request.”