Fontbonne University

“The form 990 is reviewed by management and the audit committee of the board of directors. Subsequent to the approval of the form by the audit committee, the form is provided to the board of trustees electronically and then filed with the irs by management.”

“The university requires each trustee of the board to complete a conflict of interest statement on an annual basis. The process is monitored by the president's office. Conflicts of interest are summarized by the president's office and, when applicable, key employees and/or board trustees are excused from meetings and votes when a topic related to the conflict is being discussed or voted on by the university.”

“Salary adjustments are typically made effective july 1 with the start of each new fiscal year. Prior to that date, the president asks the vice president for finance and administration to compile a schedule that shows current salaries for each of the seven executive positions at the university with comparison salaries for other institutions. The comparison salaries are drawn from data compiled by cupa, the college and university personnel association. Occasionally, an annual survey of executive compensation and benefits in higher education that is conducted by yaffe & co. Is also used for salary benchmarking. Six categories of institutions are used in order to reflect a comprehensive comparison across several measures of institutional type: all institutions with a budget from $30.9 m - $64.9 m, private institutions with budgets between $25.8 m and $46.5 m, private, religious institutions with budgets between $24.8 m and $41.5 m, private, religious institutions with enrollment between 1,939 and 2,990, all institutions with enrollment between 1,555 and 3,031, master's institutions with budgets < $45.6 m. Using the percentage adjustment approved for overall institutional salary adjustments in the coming year as an upper limit, the schedule also shows various rates of possible adjustments for each executive position. The president meets with the vice president for finance and administration and the executive vice president to notify them of changes in executive compensation. The vice president prepares a separate schedule with comparisons for the president's salary and submits this to the chairman of the board of trustees. In consultation with the executive committee of the board, the chairman determines the salary of the president and notifies the vice president for finance and administration.”

“The documents are available upon written request addressed to the university institutional advancement office.”

“Athletic programs: program service expenses 414,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 414,944. Consulting: program service expenses 99,341. Management and general expenses 16,207. Fundraising expenses 91,160. Total expenses 206,708. Recruitment: program service expenses 200,278. Management and general expenses 0. Fundraising expenses 0. Total expenses 200,278. Memberships: program service expenses 87,615. Management and general expenses 63,600. Fundraising expenses 34,459. Total expenses 185,674. Student activities: program service expenses 159,393. Management and general expenses 0. Fundraising expenses 0. Total expenses 159,393. Grant expenses: program service expenses 139,690. Management and general expenses 0. Fundraising expenses 0. Total expenses 139,690. Printing: program service expenses 113,404. Management and general expenses 5,972. Fundraising expenses 17,043. Total expenses 136,419. Postage: program service expenses 30,038. Management and general expenses 26,572. Fundraising expenses 21,626. Total expenses 78,236. Camp expenses: program service expenses 75,773. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,773. Classroom expenses: program service expenses 71,494. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,494. Professional services - payroll services: program service expenses 0. Management and general expenses 65,466. Fundraising expenses 0. Total expenses 65,466. Residential life: program service expenses 60,291. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,291. Telephone: program service expenses 16,388. Management and general expenses 22,141. Fundraising expenses 0. Total expenses 38,529.”

“Cumulative effect of change in accounting principle 807,891.”

“No change from prior year.”