Defiance College

“The single audit is being delayed by the auditors because they are waiting on compliance standards to be issued by the federal government.”

“We beleive that the liberl arts form a broad basis for all learning. We affirm that academic excellance demands a committed search for the truth, competency in research and other problem solving methods, the ability to synthesize knowledge from many sources, and a capacity of self directing learning. We provide opportunities for students to perceive and make connections between the itellectual realm and the world. We strive to develop awareness of and sensitivity to global interdependence and diverse cultures. We are committed to the betterment of the community, the nation, and the world through the development of leadership skills and abilities. We create opportunities for students to initiate and facilitate beneficial action in and out of the classroom and encourage self-reflection of the role to the dedicated leaders. We provide opprotunities for studens to transform society through civic engagement along with application of their knowledge and understanding service.”

“Organization's process to review form 990 - The finance committee of the board of trustees reviewed the 990 via email and reported their findings and observations to the full board of trustees. The final form 990 was made available to all trustees on their internet website prior to the form being filed with the IRS.”

“Enforcement of conflicts policy - The chairman of the board of trustees reviews annually all conflict of interest statements. The finance committee and board of trustees review all transactions with any interested parties.”

“Compensation process for officers salaries of key employees (faculty, staff, officers, president, etc.) are compared to peer institutions (lower Ohio IIB and Peer CUPA). The president approves the salary of vice presidents and all other employees; These are not reviewed by independent persons.”

“Governing documents disclosure explanation as a private institution, these docments are not required to be disclosed to the public. When requested, the audited statements are shared.”

“Line 9 Other changes in net assets explanation - Student Aid -7,786,010 and Student Aid 7,786,010”

“Salaries of key employees are compared to peer institutions (lower OHIO II B and Peer (CUPA). The president approves the salary of VP's and all other employees.”

“Defiance College is not audited with any other firm.”