Oglala Lakota College

“The 990 is prepared by a licensed cpa and oglala lakota college's board of trustees reviews the form 990 prior to filing.”

“Board members are required to submit written disclosures of current or pending conflicts of interest prior to olc entering into any financial arrangements with the outside entity. The board member with the potential conflict will abstain from voting or participating in any discussion of the issue involving the potential conflict. The board makes all final decisions as to whether a conflict of interest exists. Board members are also required to annually sign a conflict of interest disclosure form indicating any actual or potential conflicts.”

“Oglala lakota college (olc) performs salary surveys at neighboring colleges, both tribal colleges and public colleges, to determine salaries. Olc determines from these surveys, an appropriate salary amount for its key employees, top management and officers.”

“The organization performs studies of other colleges and universities to determine how much compensation the vice president of business and instruction should receive. Also see line 15a.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. All policies are included on the olc website.”

“The mission which emanates from the charter of the oglala sioux tribe is to educate students for professional and vocational employment opportunities in lakota country. The college will graduate well-rounded students grounded in wolakolkiciyapi-learning lakota ways of life in the community by teaching lakota culture and language as part of preparing students to participate in a multicultural world. In achieving the mission, oglala lakota college has the following purposes: tribal -provides the lakota with outstanding graduates -promotes the study and practice of tribal sovereignty -works with tribal entities toward building our nation -helps students to gain meaningful employment and healthy lifestyles cultural -utilizes lakota cultural values in all learning frameworks -celebrates lakota culture including sacred songs and ceremonies -research, study, facilitate, and disseminate lakota language, culture and philosophy -provides leadership to maintain and revitalize lakota culture and philosophy academic -encourages high student learning expectations through active and collaborative learnings, which will be measured through assessment standards -maintains a supportive campus environment through advising, counseling, tutoring, scheduling, and providing financial assistance -practices open enrollment and students will acquire relevant knowledge, skills, and values to make a living in a diverse world, and to be a self-fulfilled person who is a contributing member of their family, community and tribe -pursues the creation of oglala lakota university community -supports local communities in educational and other development -encourages people as active, productive members of their tiospaye and communities -offers frameworks for leadership development in the context of communities and organizations -provides lifelong learning through continuing education and community activities”

“Cost of inventory sales 725,418 revenue vs. Expense classification -231,262 cost of inventory sales -725,418 revenue vs. Expense classification 231,262”