Springfield College in Illinois

“Compensation for the organization's top management official is paid by benedictine university, a related tax exempt organization. The process of determining compensation of the president of the university: the chairman of the board of trustees and two independent members of the board comprised the compensation committee. This group reviewed and determined executive compensation through the use of comparable compensation data from various sources including relevant external compensation surveys, compensation data from peer educational institutions, and internal executive equity analysis. The committee met and reviewed salary history and performed an analysis in reaching the annual compensation. Based on this analysis, the compensation committee made a recommendation to the executive committee of the board of trustees for final approval. Contemporaneous documentation was kept and maintained. Last meeting was in december 2016. Because the organization's president and other officers are not paid by the filing organization, the form 990 instructions require this to be answered "no."”

“Compensation for the organization's other officers is paid by benedictine university, a related tax exempt organization. The board of trustees met in october 2016 when a balanced budget was approved by the board. The approval stated a university-wide raise for all eligible faculty and staff, including key employees. Two key employees were hired in 2016. Search firms specializing in higher education placement and case compensation data were used. Documentation was kept and maintained. Because the organization's other officers and employees are not paid by the filing organization, the form 990 instructions require this to be answered "no."”

“Springfield college in illinois is a membership corporation with two classes of participants in the corporation: members and trustees. Members of the corporation are the individuals constituting the executive committee of the benedictine university board of trustees, a not-for-profit corporation. Benedictine university entered into a permanent partnership with springfield college in illinois in 2003.”

“It requires a two-thirds affirmative vote of all members to approve: (1) any sale, mortgage or encumbrance of any real estate of the college; and (2) changes to the institution's mission or purposes. It requires a two-thirds affirmative vote of all the members to approve to send the following matters to the full benedictine university board of trustees: (1) the merger, consolidation, liquidation or dissolution or sale or lease or exchange of assets of the college; (b) changes or amendments of the articles of incorporation of the college and by-laws; and (c) any action that would change the relationship between benedictine university and springfield college in any way whatsoever.”

“The sci board held no meetings during the tax year.”

“Springfield college in illinois has no committees that are authorized to act on behalf of the board.”

“Prior to filing, the complete form 990 was provided to and reviewed by the college's president, controller, and compliance officer, together with its outside accounting firm.”

“The conflicts of interest policy and disclosure questionnaire are distributed annually to officers, faculty and staff. Each is required to disclose any actual or potential conflicts of interest by signing and submitting the disclosure questionnaire and updating it as pertinent new interests or situations arise. Responses to the disclosure questionnaire are reviewed and disclosed conflicts are resolved. The office of the dean of academic affairs/campus administrator provides assistance by answering questions and providing guidance on approaches to resolving conflicts of interest. Individuals who fail to complete the annual disclosure questionnaire and/or fail to disclose actual or potential conflicts of interest are subject to appropriate disciplinary and corrective action.”

“The college makes its governing documents, conflicts of interest policy and financial information available to the public upon request.”

“MISCELLANEOUS INCOME - Total Revenue: 1504, Related or Exempt Function Revenue: 1504, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”