Donnelly College

“The full Form 990 is provided to each member of the governing body in advance of filing. In limited instances, donor information is redacted from the board's review copy in accordance with donor confidentiality requests.”

“The membership board of donnelly college consists of the archbishop, the chancellor, and the vicar general of the roman catholic archdiocese of kansas city in kansas, and the prioress of the benedictine sisters of mount st. Scholastic of atchison, kansas.”

“Directors shall be elected by the board of directors at its annual meeting, or at any special meeting called for such purpose, from a list of nominees recommended to the board of directors by the mission and trusteeship committee or by any member of the board of directors, subject to previous or subsequent approval by the membership board.”

“The following decisions by the board of directors are subject to approval by the membership board: a. Amendment of the articles of incorporation. B. Amendment of the bylaws. C. Adoption and amendment of an official mission statement, vision statement, and other statements of basic principles. D. The sale, transfer, lease, exchange, or other disposition of any real estate and its appurtenances owned by the corporation. E. The merger or consolidation of the corporation with any other corporation or entity. F. The dissolution of the corporation or the discontinuance of a substantial part of its activities. G. Establishing borrowing procedures which will govern the corporation.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions and concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications that need to be made are made. The 990 is then provided to the finance committee of the board for their review prior to filing the 990. Any questions and concerns the finance committee have are addressed and any concerns or clarifications that need to be made are made. The final form 990 with all required schedules is then provided to all voting members of the board prior to filing the 990.”

“At the time of hire or elections (in the case of directors) and annually thereafter, the officers, directors, and key employees shall provide the applicable conflict of interest disclosures which shall be completed to identify any relationships, positions, or circumstances in which it is believed a conflict may exist or arise. If a conflict arises the officer, director, or key employee abstains from the vote of the conflicted position. Annual monitoring and review procedure shall be part of the organization's compliance plan. An appropriate report shall be submitted to the executive board concerning any interest disclosed”

“Annually the organization reviews independent data received from the kansas independent college association to prepare the compensation data study. The executive committee of the governing board took the information from the compensation study and used it to review the compensation of the organization's president.”

“The college president conducts an annual review of other officers and key employees compensation based on independent data received from the kansas independent college association.”

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

“EARNINGS OF DONNELLY COLLEGE REAL ESTATE HOLDINGS - -809047; Total - -809047;”