St John'S College

“A copy of the completed full form 990 is furnished to the audit and compliance committee of the board. The committee will conduct a review of the 990. Upon discussion and review, the committee will motion and approve the acceptance of the form 990 and post a copy of the completed 990 (excluding schedule b) on a secure portal for full board review. The audit and compliance committee will also grant the chief financial officer permission to proceed with signing and filing the form 990.”

“The conflict of interest policy is monitored and compliance is enforced through a yearly statement along with the college's policy being distributed to all board members, officers, and key employees for review and signature. The signed statements are returned to both the president of the annapolis campus and the president of the santa fe campus for review and follow-up. Any potential conflicts are discussed between the parties and a resolution is made to resolve the conflict.”

“With respect to the determination of compensation of the college officers (vice presidents and treasurers), the presidents are advised by the human resource directors, who gather relevant position information for consideration such as salary history and competitive market data. Newly created or adjusted position descriptions are evaluated in the college's hris, compease, which indicates appropriate pay grade. Starting salary offers are appropriate to position description and pay grade. Salaries for the deans of the college are based on a formula calculated and approved historically by the faculty compensation committee, which is an established committee comprised of elected faculty peers per the college polity (charter). The dean's salary is calculated based on an approved factor of starting faculty base rate. Assistant and associate dean position compensation is calculated on a formula that includes both years of service and faculty base salary rate. Salary formulas for these positions can be found in the college tutor handbook. All compensation adjustments for these positions are approved by the campus president. Compensation, including all offered benefits, for presidents are evaluated by board of visitors and governors members appointed by the board chair. Final compensation packages are recommended to the board chair and are offered upon such approval. Any significant increases or changes to compensation for the presidents must be approved by the board. Vice president compensation packages are evaluated upon hire date and upon assumption of significant additional duties and responsibilities thereafter. Presidential compensation is also evaluated upon hire date, contract renewal date-or for parity considerations, between the two campuses, for new presidential hires.”

“Form 1023, form 990, governing documents, conflict of interest policy, and financial statements are available upon request. In addition, the form 990 is available on guidestar (candid) and the conflict of interest policy is published annually in the staff handbook.”

“Change in value of split-interest agreements -906,693. Net periodic benefit credit other than service cost 933,373. Postretirement changes other than net periodic benefit credit 2,862,774.”