Lasallian Educational and Research Initiatives

“The members shall be those individuals who are the incumbent voting members of the district council of the midwest province of the brothers of the christian schools, as selected according to rules and procedures of the midwest province of the brothers of the christian schools, a roman catholic religious institute.”

“Christian brothers of the midwest has a designated member on the organization's board. This designated member has the same voting rights as all other members.”

“The following actions require approval by the organization's members: amendment of the governing documents; sale, lease, or pledge of real estate or other assets of the organization, including a merger with another organization; appointment or removal of the board of directors; dissolution of the corporation and distribution of its assets.”

“Committees do not make decisions on behalf of the board, but make recommendations to the board; therefore there is no written actions or decisions by a committee to document.”

“A draft copy of the form 990 is provided to the board of directors. The board reviews the draft form 990, addressing any comments or concerns prior to filing the form with the irs.”

“Each board member, officer and employee receives a copy of the conflict of interest policy annually. The policy requires signed acknowledgement and disclosure of any conflict. Employees' forms are reviewed by management to determine if a conflict exists. The executive committee of the board reviews all forms from the officers and board members to determine if a conflict exists. The director or officer having a conflict shall not participate in the deliberation or decision regarding the matter under consideration and shall retire from the room during deliberations except to the extent he or she has been invited by the board or committee to participate, after consideration of the significance to leri of the disclosed conflict. Any proposed transaction or action in which the board has determined that a director or officer has a conflict of interest is to be approved by a majority of the directors entitled to vote other than the interested director(s) at a meeting at which a quorum is present.”

“A 3rd party vendor completes a compensation review for for the president/c.e.o., c.f.o. Results are provided to the compensation committee, who presents to the full board, setting annual compensation. Hr director gathers compensation data, comparing similar organizations, by industry and geographic location. Provided data to management. The process described here was last completed in 2024.”

“The organization makes its conflict of interest policy available to the public upon request. The financial statements and governing documents are not made available to the public.”