Rose-Hulman Institute of Technology

“Family and business relationships: some members of the board of trustees have family and business relationships in the ordinary course of business. Thomas dinkel and anton george have a business relationship. Thomas dinkel and greg gibson have a business relationship. Thomas dinkel and david hannum have a business relationship. Anton george and greg gibson have a business relationship. James baumgardt and niles noblitt have a business relationship. Patrick cahill and thomas dinkel have a business relationship. James trueblood and linda white have a family relationship.”

“Process to review the form 990: the form was prepared by an independent cpa firm and was reviewed in detail and approved by the audit committee of the board of trustees. A public disclosure version of the form was made available to all members of the board of trustees prior to submission to the irs.”

“Monitoring & enforcement of compliance with conflict of interest policy: the institute requires every member of the board of trustees, faculty and staff to submit a written conflict of interest disclosure annually as well as immediately upon the identification of any apparent or implied conflict. These submissions are each reviewed by the chair of the audit committee of the board of trustees and summarized for presentation to the committee. If a conflict is determined to exist, person(s) designated by the chairman of the board of trustees work with the appropriate individual(s) to design a plan to manage, reduce, or eliminate the conflict in a manner consistent with the best interest of the institute and the rights of the individual. If the designees are unable to recommend a resolution, the case is referred to the president, the audit committee of the board of trustees, or the executive committee of the board of trustees as appropriate for resolution.”

“Process to determine president and officer compensation: in may of each year, rose-hulman institute of technology's board of trustees compensation committee performs a review of executive compensation for the president and the president's cabinet. The review is designed to follow industry best practices and to comply with the irs intermediate sanctions provision. In performing their annual review, the committee reviews information from the presidential performance review compensation surveys, compensation at comparable organizations, and independent third party reviews when deemed appropriate. The committee makes compensation recommendations for the president for approval by the full board of trustees and approve the president's recommendations for his cabinet.”

“Availability of governing documents, coi policy, form 990, and fs: as a private institution, rose-hulman institute of technology does not publicly distribute governing documents and its conflict of interest policy. Audited financial statements are released to the public upon request.”

“Other changes in net assets or fund balances: defined benefit plan net gain $2,156,450 change in value of split interest agreements $1,132,684 total to form 990, part xi, line 9 $3,289,134”

“Accounting method used to prepare form 990: the form 990 is prepared on an accrual basis with the exception of schedule b which is prepared on a cash basis.”