MID-Atlantic Region Commission on Higher Education

“The form 990 is reviewed and voted upon by the marche finance committee which consists of the corporate treasurer, a commissioner, and four other commissioners. The 990 is reviewed and voted upon by the executive committee prior to filing. The marche executive leadership team and the vp for finance & cfo support the work of the committees.”

“The commission has a conflict of interest policy for corporate actions. Once each year, all commissioners and senior staff must sign a disclosure statement indicating that they have or do not have a current conflict of interest. At regular intervals, the commission conducts a review which includes the following:(i) whether compensation arrangements and benefits paid by the corporation to the commissioners, corporate officers and senior management employees are documented in writing, reasonable, not in excess of fair market value, and the result of arm's length bargaining; (ii) whether the corporation's acquisitions result in any private inurement or impermissible excess benefit to an interested person; (iii) whether partnership or joint venture arrangements and arrangemnents with other service organizations conform to written policies, are properly documented, reflect reasonable payment for goods and services, further the commission's charitable purposes and do not result in private inurement or impermissible excess benefit to an interested person; (iv) whether arrangements with other providers, employees, and third party payers further the commission's charitable purposes and do not result in private inurement or impermissible excess benefit to an interested person,”

“The executive committee serves as the compensation committee and reviews the compensation levels of other executives at comparable organizations. There is a written employment contract approved by the executive committee for the ceo. Evaluations of positions and salary are done with an outside firm to further evaluate compensation levels every two to three years.”

“The organization's governing documents (by-laws) and conflict of interest policies are made available online at the website; financial statements are made available upon request.”