Mount St. Joseph University

“The university is aware of relationships between members of the board of trustees, their companies, and other board members and their companies but considers these relationships focused on services normal in the course of business.”

“TIM AUG - Business relationship, BRIAN DOYLE - Business relationship, STEVE MULLINGER - Business relationship, KEVIN GADE - Business relationship”

“The members of the university corporation are the members of the corporation board for sponsored ministries appointed by the sisters of charity of cincinnati, ohio.”

“The board of trustees of the university are elected by the members of the corporation board for sponsored ministries of the sisters of charity of cincinnati, ohio.”

“The sisters of charity of cincinnati, ohio is the sponsoring order of the university. Certain recommendations from the board of trustees (such as the election or removal of the ceo) must be approved by the sisters of charity corporation board. Other approval powers vested in the sisters of charity leadership council include any changes to the mission, philosophical direction or purposes; establishing separate corporations; adoption repeal, or amendment of the articles of incorporation or code of regulation; acquiring capital financing and the amortization of debt; the purchases, sale, lease or disposition of real property or other assets or the incurring of debt or other obligations that exceed the monetary limit set annually by the leadership council; appointment of external auditors; or any items in the capital or operating budget inferring a subsidy from congregational funds.”

“Draft copies of the form 990 are presented to the financial sustainability committee and/or the executive committee of the board of trustees for the review prior to filing. After discussion, modifications or changes are incorporated into the draft. This revised draft is then presented to the full board of trustees for review and discussion. Open items after this discussion will be taken back to the executive committee of the board for final approval. Once it has been approved, it will be made available to the entire board of trustees before filing.”

“All officers, trustees, employees, and non-trustee board committee members are required to complete a conflict of interest policy statement annually. The vp of compliance risk and legal affairs/general counsel is responsible for distribution, collection, and review of all completed statements. Upon review, officer, trustee, and non-trustee board committee members statements are forwarded to the financial sustainability committee chair for further review and documentation of any conflicts. A conflict is determined to exist when a person has a business relationship with the university either personally or through his or her employer. Anyone who has been determined to have a conflict shall recuse him or herself from votes relating to the conflict. Such recusal is documented in board minutes.”

“The university used independent data from like institutions for similarly qualified persons in functionally comparable positions to determine compensation ranges. The university has an annual process for independent review of officer salaries whereby the executive committee compares salary data for the president and other university officers to actual salary amounts. Under normal circumstances these amounts are approved by the executive committee of the board of trustees. Reviewed in 2022.”

“The university used independent data from like institutions for similarly qualified persons in functionally comparable positions to determine compensation ranges. The university has an annual process for independent review of officer salaries whereby the executive committee compares salary data for the president and other university officers to actual salary amounts. Under normal circumstances these amounts are approved by the executive committee of the board of trustees. Positions included are officers & key employee - treasurer, secretary and provost (highest academic leadership position). Reviewed in 2022.”

“The university will disclose referenced documents to the public upon request.”

“CENTER FOR READING SCIENCE - Total Revenue: 133275, Related or Exempt Function Revenue: 133275, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; OTHER - Total Revenue: 795463, Related or Exempt Function Revenue: 795463, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Mount st. Joseph university is a catholic academic community grounded in the spiritual values and vision of its founders, the sisters of charity. The university educates its students through interdisciplinary liberal arts and professional curricula emphasizing values, integrity and social responsibility. Members of the mount community embrace excellence in academic endeavors, the integration of life and learning, respect and concern for all persons, diversity of cultures and beliefs, and service to others.”

“Mount st. Joseph university is a catholic academic community grounded in the spiritual values and vision of its founders, the sisters of charity. The university educates its students through interdisciplinary liberal arts and professional curricula emphasizing values, integrity and social responsibility. Members of the mount community embrace excellence in academic endeavors, the integration of life and learning, respect and concern for all persons, diversity of cultures and beliefs, and service to others.”

“Change in beneficial interest in trust - -18091; change in annuity liability - 45290; change in fair value of interest rate swap - 396787; net loss from wholly-owned subsidiary, cite inc - -43518;”