Saint Xavier University

“Prior to filing, copies of the completed draft form 990 (including required schedules) were distributed to the audit committee in either electronic or paper form for review and approval. Any questions or concerns were noted and addressed, and management staff ensured that changes were incorporated into the form 990 as appropriate. Copies of the draft form 990 were also distributed to the board of trustees in electronic form for review and approval. The form 990 will be filed once a motion to approve has been passed by the board of trustees.”

“The organization's conflict of interest policy covers all officers, directors, trustees, and key employees. These individuals are required to complete a conflict of interest questionnaire to disclose any potential or actual conflicts of interest they may have with the organization. Conflict of interest questionnaires are completed on an annual basis by all interested persons. Completed conflict of interest questionnaires will be reviewed by the organization's compliance officer (or chairman). If it is determined an actual conflict of interest exists, the individual with a conflict will be excused from any discussion or vote on the matter for which they have a conflict.”

“In 2016 (the most recent presidential search), the university's board of trustees used an outside consulting firm (agb) as advisors. The president's salary and benefits were set in consultation with agb. After the search the board authorized its chairman to negotiate the contract with the chosen candidate. The contract was reviewed by kathleen rinehart as university counsel and by the candidate's lawyer. The university was advised by agb that the contract terms were at market. The final contract was approved by the board. Following board approval the chairman executed the contract on behalf of the university. Compensation for other officers (form 990, part vi, section b, line 15b): the president, in consultation with the office of human resources, sets compensation following a review of (a) comparable compensation data from similiarly situated colleges and universities; (b) in relation to the nature and scope of the duties assigned. Faculty compensation follows the current collective bargaining agreement.”

“Available via guidestar.org.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code section 6104. These documents are not available to the public at this time.”

“Bad debt: program service expenses 0. Management and general expenses 656,264. Fundraising expenses 0. Total expenses 656,264. Miscellaneous: program service expenses 102,205. Management and general expenses 157,012. Fundraising expenses 111,749. Total expenses 370,966. Special events: program service expenses 346,064. Management and general expenses 21,309. Fundraising expenses 2,394. Total expenses 369,767. Dues: program service expenses 138,496. Management and general expenses 161,549. Fundraising expenses 6,239. Total expenses 306,284. Telephone: program service expenses 196,177. Management and general expenses 44,309. Fundraising expenses 4,851. Total expenses 245,337. Book subscriptions: program service expenses 42,694. Management and general expenses 567. Fundraising expenses 3,736. Total expenses 46,997.”

“Asset impariment loss -635,639.”

“The board of trustees assumes responsibility for oversight of the audit and ratifies the selection of the independent auditor as recommended by the audit committee. This policy has not changed from prior years.”