Benedictine College

“The organization's process for determining president compensation began with the board requiring a 5 year review of the president's salary and a review for the same period at colleges of like sizes. A compensation study was done by cbiz in 2021. Additionally, the board required a comprehensive review of his salary to include non-tangible benefits. While no new independent compensation study was conducted during the current year, the board of directors considered prior compensation data and its knowledge of compensation practices at similar institutions when making its determination. The compensation decision was made in a closed executive session and formally approved by the board of directors. The president conducts an annual review of other officer and key employee's compensation based on comparable salary data of other organizations of similar size and industry. No new external compensation survey or study was conducted during the year; adjustments, if any, were based on internal review and at the president's discretion.”

“The members of the corporation who are class a members of the board of directors shall have the sole and exclusive power and authority to select and elect the successor to the elective class a members of the board of directors in such fashion as they deem appropriate and shall present the successors for service on the board. The members of the corporation who are class b members of the board of directors shall have the sole and exclusive power and authority to select and elect the successors to the elective class b members of the board of directors in such fashion as they deem appropriate and shall present the successors for service on the board.”

“Subject to the limitations and provisions of the articles of incorporation and of the bylaws with respect to the election of directors, each member shall have one vote on all matters coming before the members. Any action by the members of the corporation, unless specifically set forth in the articles of incorporation of the corporation (the articles of incorporation) or in the bylaws, shall require an affirmative vote of a majority of the members of the corporation from each individual class of directors.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions or concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications are made. The 990 is then provided to the finance committee of the board and the full board of directors for review prior to filing.”

“At the time of hire or election (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 arise. If a conflict arises, the officer, director, or key employee abstains from the vote of the conflicted position. An appropriate report shall be submitted to the executive board concerning any interest disclosed.”

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

“ALL OTHER REVENUE - Total Revenue: 1256042, Related or Exempt Function Revenue: 1256042, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Benedictine college is a catholic, benedictine, liberal arts, residential college. Our mission is to educate men and women within a community of faith and scholarship. Building a great catholic college requires a community-wide commitment to excellence. We dedicate ourselves to educating students to become leaders in the benedictine tradition, who will transform the world through their commitment to intellectual, personal and spiritual greatness.”

“CHANGE IN CSV OF LIFE INSURANCE - 4042; QUALIFIED PARTNERSHIP INVESTMENTS - -22517; PASS-THROUGH INCOME - -20963; Total - -39438;”