Hanover College Trustees

“The top management official of hanover college is determined to be the president of the college. The compensation review process was undertaken in fall of 2023. Since there was not a review during the tax year (7/1/2022-6/30/23), this question has been marked "no" accordance with irs instruction.”

“PER BY-LAWS: There shall be, and by the adoption of these Bylaws the Board hereby creates, an Executive Committee of the College, which shall consist of the Chair, Vice-Chair, Secretary, President, and two additional trustees as nominated by the Chair and confirmed by the full Board. During intervals between meetings of the Board, the Executive Committee shall have and exercise all of the authority of the Board in the management of the College, except where prohibited by law and except as to the authority to hire, terminate or make compensation decisions with regard to the President of the College, in circumstances where the full Board is unable to act in a timely manner. The Executive Committee shall cause minutes of its proceedings to be kept and filed with the minutes of the proceedings of the Board, and shall make a report at each regular or special meeting of the Board of all acts of the Committee since the last meeting of the Board.”

“The 990 is first reviewed by the associate vp for finance and then by the vp for business affairs. The 990 will then go to the finance committee of the board of trustees for final review and then to the full board of trustees for final approval. In addition, the organization's accounting firm reviews the form 990 prior to filing.”

“Monitoring & enforcement of compliance with conflict of interest policy: the conflict of interest policy is signed annually by the board of trustees, reviewed by the president, and the copies are kept on file in the president's office. If a conflict is found, the interested person shall not be present or participate in the vote on whether to enter into such transaction with the interested person, but may be counted for purposes of determining the existence of a quorum. If the interested person is counted for quorum purposes, the action must be approved by a sufficient number of votes based upon that quorum. For example, if a majority vote of the quorum is required to approve an action, and eight (8) trustees constitute a quorum, the action must be approved by five (5) of the seven (7) disinterested trustees voting on the transaction or arrangement.”

“On file in the Campus Library.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. A copy of the governing documents, conflict of interest policy, and financial statements are also kept in the library for public inspection.”

“Other - Total Revenue: 9841, Related or Exempt Function Revenue: 9841, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; College Store - Total Revenue: 23292, Related or Exempt Function Revenue: 23292, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Campus Center Guest Rooms - Total Revenue: 5458, Related or Exempt Function Revenue: 5458, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Change in split-interest agreements - -116032;”