Coalition for College

“The board of directors may authorize the officers to enter into and execute on behalf of the corporation contracts, leases, debt obligations, and all other forms of agreements or instruments, whether under seal or otherwise, permitted by the articles of incorporation and these bylaws, except where such documents are required by law to be otherwise signed and executed, or where the signing and execution thereof shall be exclusively delegated to some other officer or agent of the corporation. In addition, each officer shall have the powers to perform the duties customarily appurtenant to their respective offices, and shall have such further powers and shall perform such further duties as may from time to time be assigned to them by the board of directors.”

“By-laws changes summary: the bylaws changes approved at the march 13, 2025 board meeting included merging sections 4.1 (officers) and 4.2, (executive officers) into a single section 4.1 (officers). These edits remedied repetition and created clarity around the practice of electing board officers, which comprise the executive committee.”

“The organization makes copies of the form 990 available to the board of directors for review and comment prior to its submission to the irs.”

“Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the affected person shall fully disclose the nature of the interest and withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of disinterested directors determine that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention and rationale for approval. This process is overseen by the chief executive officer.”

“For executive and key employee compensation, the executive committee uses comparable non-profit compensation data compiled in detail by candid (guidestar) from 990 filings for over 101,500 organizations. The executive committee uses as a guideline the compensation ranges reported by nonprofits with similar missions (as defined by ntee code), budgets and location. The process described here was last completed in 2024.”

“Financial statements and governing documents are available to the public upon request.”