Swarthmore College

“Form 990 review process the form 990 is prepared internally by swarthmore college. It is reviewed by the appropriate senior management and a nationally recognized accounting firm. Before the form 990 is filed, it is provided to the audit and risk management committee, the finance committee, and all board members for their review. --------------------”

“Conflict of interest policy swarthmore college has two conflict of interest policies--one for its board members and one for employees. Each year all members of the board receive a survey reminding them of the policy and requesting disclosure of business and charitable affiliations, transactions with the college, and any possible conflicts. Likewise, all supervisory staff of the college receives a survey reminding them of the employee conflict of interest policy and asking them for other business and charitable affiliations, transactions with the college, and any possible conflicts for themselves or any member of the staff reporting to them. The audit and risk management committee of the board of managers receives a summary of all responses and addresses possible conflicts which arise. --------------------”

“Process for determining officer, director, trustee and key employee compensation the compensation committee of the board of managers reviews and approves the compensation for compensated officers, directors, and key employees, including the president. The committee reviews comparative data obtained from an independent consultant, consults with the president regarding the performance of each officer, director and key employee that reports to the president and sets the compensation for each of them. The compensation committee separately reviews the performance of the president and uses comparative data to determine the president's compensation for the subsequent year. This process is completed annually. --------------------”

“Availability of documents to the public the college makes its governing documents available upon request. The college makes its conflict of interest policy available via the college's website. The college makes its financial statements available via the college's website. --------------------”

“Detail of organization's mission swarthmore college provides learners of diverse backgrounds a transformative liberal arts education grounded in rigorous intellectual inquiry and empowers all who share in our community to flourish and contribute to a better world. We commit to this mission by: - offering a robust, liberal arts curriculum connecting the arts, humanities, natural sciences and engineering, social sciences, and interdisciplinary programs - fostering innovative research and creative production and encouraging collaboration among faculty, students, and staff - building a diverse, equitable, and inclusive residential community that enriches our experiences and expands our worldviews - stewarding our resources through intentional daily and long-term sustainability practices, honoring our location on the ancestral land of the lenni lenape people. - creating opportunities for education and growth among faculty, students, staff, and alumni by sharing in the multitude of talents of the college community, exploring the beauty of our natural environment, and actively engaging in the rich cultural diversity of our region and our world - committing to peace, equity, and social responsibility, rooted in our founding as a co-educational quaker institution ----------------”

“Detail of other changes in net assets or fund balances change in present value of life income funds $ (1,138,000) change in other post retirement benefits $ 137,000 ------------ $ (1,001,000) --------------------”