Cristo Rey Columbus High School Work Study Program

“The board of directors designates standing or special committees.”

“Cristo rey columbus high school manages the financial operations (budgets, financial reporting, payroll, etc.) of cristo rey columbus high school work study program.”

“Voting directors: the board shall be comprised of up to 20 directors who shall be entitled to vote or consent on each matter to be determined by the board (the directors). The directors shall be as follows: a) three ex officio directors, and (b) no more than 12 directors who shall be appointed or elected as hereinafter provided (the elected directors). Ex officio directors: the ex officio directors of the corporation shall be (a) the bishop of the diocese of columbus; (b) the chancellor of the diocese of columbus; and, (c) the episcopal moderator for education of the diocese of columbus. A successor in office shall be deemed to replace the predecessor as the ex officio director immediately upon appointment to the specified office. The ex officio directors shall be entitled to vote on each matter determined by the board and shall be considered for quorum purposes. Elected directors: at each annual meeting held after the appointment of the elected directors, the current directors shall elect successor elected directors for a full three year term to succeed those whose terms expire. Incumbent elected directors shall be eligible for re-election and are entitled to vote. Elected directors are not eligible to serve more than two consecutive terms. The election of any successor elected director must be by unanimous vote of all ex officio and elected directors.”

“The form 990 is reviewed and approved by the president, chief financial officer, chief operating officer, and board chairman. A copy is provided to the full board prior to its filing with the internal revenue service.”

“Annually, the board of directors, officers and committee members are required to review and sign a conflict of interest policy which is maintained by the president. Should a conflict arise, the individual shall recuse themselves from any discussions and votes concerning the transaction.”

“The organization does not compensate any individuals for board or employment services. Form 990 requires the organization to disclose compensation paid by its related organization, cristo rey columbus high school, for services the individuals provide to the cristo rey columbus high school. Compensation is awarded by the high school pursuant to a process that satisfies the requirements of the intermediate sanctions regulations.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public at their offices and upon request.”

“The organization`s financial statements are audited by an independent accounting firm in consolidated statements. In addition, the organization has a committee that assumes responsibility for oversight of the audit of its financial statements and its selection of the independent auditor.”