Ripon College Board of Trustees

“The board of trustees shall elect to membership on the board successors to those members whose terms expire on that date, with the exception of the alumni trustee and the special graduate trustee. One of the aforesaid successors shall be recommended by the alumni and one by the student body, as hereinafter provided. Trustees shall be elected by the affirmative vote of a majority of the trustees present at the meeting.”

“The form 990 is sent to each member of the audit committee for their review. Any necessary changes or corrections are made and a final form 990 is sent to all members prior to filing of the return with the internal revenue service.”

“All employees and trustees are required to complete a conflict of interest form yearly. A summary of all forms distributed, returned, and the number with disclosures is completed. All forms with disclosures are reviewed by the president and vice president for finance. Those with disclosures are categorized as not a conflict", a potential conflict but immaterial to the college, and those that require further action. If any are deemed to required further action, then those are reviewed by the chair of the audit committee. If action is necessary, proper actions are taken by the college to ensure that any detrimental impact to the college is minimized or negated.”

“The executive committee shall be responsible, subject to the approval of the board, for the appointment, compensation, and evaluation of the office of president, and shall be responsible for appointment and compensation, upon the recommendation of the president for the offices of vice president and dean of faculty, vice president and dean of students, vice president for finance, vice president of advancement and marketing and communications, and vice president and dean of admission and financial aid. The executive committee shall consider adjustment in the compensation of such officers on an annual basis. Salaries will be reviewed on an annual basis and any special increase/decrease differing from the annual across the board increase/decrease will be done by separate letter and sent to the vice president for finance no later than december 15th of each year to take effect in january of the next calendar year. The compensation of other officers or key employees is reviewed for reasonableness through review of comparable positions at peer institutions.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Change in value of cash surrender value of life insurance policies 43,254. Change in value of split-interest agreement -42,573. Change in value of beneficial interest in perpetual trusts held by others 829,218.”

“No change from prior year.”