Westminster College

“The executive committee shall be invested with all the powers of authority of the board of trustees when the board is not in session except as may otherwise be provided in these bylaws, provided that the executive committee shall have no authority to rescind or cancel any resolution theretofore adopted by the board of trustees relating to the membership, powers or duties of the executive committee or to amend the articles of incorporation. The executive committee did not exercise this authority during the fiscal year.”

“The westminster financial management team reviews the form 990 and seeks input regarding the same from the president. The college's trustees are provided with access to a secure website where they are able to review a draft of the college's tax return for the year ended june 30, 2018. The college's trustees are invited to participate in a teleconference with members of the college's administration who are responsible for preparing the college's tax return. During the teleconference, the college's financial administrators review the draft of the tax return. Website access to a complete copy of the form 990 is provided to the trustees prior to the filing of the return with the internal revenue service.”

“The college has a formal conflict of interest policy. Every trustee and officer along with employees who meet the criteria as defined: employee: an employee of the college who has authority to expend college funds or to incur contractual liability on behalf of the college is required to annually (1) review the college's conflict of interest policy, (2) disclose to the best of his/her knowledge any business, personal, family and not-for-profit relationships that could reasonably give rise to a conflict of interest, (3) summarize in writing any potential conflict of interest as may already exist, and (4) acknowledge by signature on a disclosure form that he or she acted in accordance with the letter and spirit of the policy. The employee disclosure forms are submitted to the college's director of human resources and the disclosure forms for trustees, officers and key employees are submitted to the chair of the college's finance, audit and compliance committee. The chair of the board of trustees and the chair of the finance, audit and compliance committee are responsible for determining whether or not certain relationships give rise to conflicts of interest. The chair of the finance, audit and compliance committee delivers a conflict of interest report to the executive committee of the board of trustees annually.”

“The governance committee of the board, whose members are independent, recommends to the board the compensation of the president, and, with the president's participation, the compensation of the college's other key employees, based on performance appraisals and a review of the compensation reported on form 990 for the college's peer institutions.”

“Governing documents, conflict of interest policy and financial statements are made available upon request. In addition, the college's financial statements may be viewed on the electronic municipal market access website at http://emma.msrb.org/.”

“The following members serve on the westminster board of trustees as associate trustees but have no voting rights: michael aleprete, john bonomo, helen boylan, carl carpenter, douglas hill, matthew mcdonald, jarret vrabel the following members serve on the westminster board of trustees as trustees emeriti but have no voting rights: george berlin, robert bruce, leonard carroll, james dewar, robert gardner, george greer, carolyn jones, robert patton, william rankin, richard white, martha wile, donald cardinal wuerl”

“Major in marketing & professional sales (formerly major in marketing) major in music with a track in business minor in data science minor in literary studies (formerly the english minor) the college began providing classes to the certificate students in the upmc - jameson nursing program. The dual enrollment program is now the early college program where students can earn up to a full year of college credit, tuition free, if they begin in their high school sophomore year and enroll at westminster college after their high school graduation. Dual enrollment is now early college program where students can ultimately get a full year of tuition free if they begin their sophomore year and end up coming to westminster college after high school graduation. The clinical mental health graduate program began. New academic restructuring - began 2018-19”

“Changes in unrecognized pension benefit plan costs 718,220.”

“The college's finance, audit and compliance committee assumes the responsiblity for oversight of the audit and of its financial statements and its selection of the independent auditors. This process has not changed from the prior year.”