Kuyper College

“The Executive Committee is made up of the following Board members: Board Chair, Board Vice-Chair, Board Secretary, Board Treasurer, Board Vice-Treasurer and President (ex officio). The Executive Committee has the following duties: 1. Function between board meetings with authority of board (exceptions apply) 2. Monitor current budget 3. Advise the president 4. Conduct regular performance reviews of the president 5. Approve agenda and action items for board meetings 6. Affirm the validity of the mission and vision of the college 7. Identify and understand the environment the college operates in and the needs of the constituencies served through the college's academic programs 8. Identify and articulate what it means to be a Reformed, Bible college 9. Ensure the college's commitment to Reformed theology, witness and worldview 10. Review and confirm Statement of Allegiance, individual trustee and employee commitment to the Doctrinal Statement, and decide on statements of exception to the Doctrinal Statement. 11. Ensure that the board carries out its governance duties thoroughly 12. Identify, recruit, orient new trustees 13. Ensure that individual trustees fulfill their responsibilities 14. Review board structure and make recommendations for changes”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's CFO. The President also reviews the form prior to it being distributed to the Board. The reviewed Form 990 is then emailed to the Board members for review. Any changes or questions noted by the Board are addressed and the final copy of the Form 990 is provided to the Board prior to filing with the IRS.”

“Board members, officers and key employees are asked to complete the conflict of interest questionaire annually. The questionaire is reviewed by the Board Chair, President and CFO. Should any potential conflicts of interest be disclosed, the entire Board is informed of the potential conflict to assure impartiality, and Board members are excused from the room before discussion on the topic and are unable to vote. In cases of officers or key employees, transactions are reviewed by at least two other officers for arms-length evaluation, competitive cost analysis or competencies of individuals.”

“15a - The Board determines the President's salary. Comparability data is used, and the approval process is documented. 15b - The compensation for other officers is approved by the President. Comparability data is used, and the approval process is documented.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $6,595,755 Line 29 - Net assets with donor restrictions $3,724,424 Total net assets $10,320,179”

“Change in value of split interest agreements 10,040. Change in value of life insurance -840.”

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”