University of Saint Katherine

“The organization has an Executive Committee made up of the Board Chair, Board Secretary, and one additional Board member. The Executive Committee has the broad authority to act on behalf of the full Board.”

“Angelo Georggin (trustee) and Despina Georggin (trustee) have a family relationship. Daniel Braun (Board Chair) and Tom Braun (trustee) have a family relationship.”

“PBO Advisory Group provided outsourced CFO services to University of Saint Katherine during the tax year. Charlotte Fowler, listed on Form 990 Part VII as CFO, was compensated $114,308 during calendar year 2021. Ms. Fowler performed a variety of management functions, including planning and executing budgets, supervising personnel, and executing financial operations.”

“The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the CFO and President. A copy of the Form 990 is provided to the organization's governing body before it is filed with the Internal Revenue Service.”

“Board members and officers sign an annual conflict of interest policy. The signed statements are reviewed by the President as well as the Audit and Finance Committee chair. If a confict arises, then it is addressed by the board and actions are executed accordingly. Any board member or officer with a conflict would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The compensation arrangement for the President was approved in advance by an authorized body of the organization composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. The authorized body obtained and relied upon appropriate comparability data prior to making its determination. The authorized body adequately documented the basis for its determination concurrently with making that determination, including the voting record. Form 990, Part VI, Section B, Line 15: The compensation arrangement for Charlotte Fowler was approved in advance by the President and COO of the organization who do not have a conflict of interest with respect to the compensation arrangement. The individuals obtained and relied upon appropriate comparability data prior to making its determination. A signed contract was entered into documenting the basis for its determination.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”