MC Daniel College Inc.

“Article iii, section 8 was added to the bylaws which outlines informal actions by trustees. "any action required or permitted to be taken at a meeting of the board of trustees or a committee of the board, including the executive committee, may be taken without a meeting if a unanimous consent which sets forth the action is: given in writing or by electronic transmission by each member of the board or committee entitled to vote on the matter; and filed in paper or electronic form with the minutes of proceedings of the board or committee."”

“The form 990 is first reviewed by the cfo and president. Once they have approved the form 990, it is posted to the board of directors' portal for review. The form 990 is part of the february 10, 2017 board meeting agenda. The form 990 is accepted at this meeting prior to filing.”

“Mcdaniel college has all trustees, key employees, and officers complete an annual disclosure statement for conflicts of interest. Taxpayer has 100% participation with the completion of the statement. A list is compiled, reviewed and on file with the finance and president's office. Contracts and vendors are periodically reviewed and bids are obtained and reviewed with conflict of interest awareness. Any board member who has a possible conflict of interest does not vote on any matter related to the possible conflict. The minutes will reflect that a disclosure was made, that the member with the possible conflict abstained from voting, and that the member has not been included in the quorum. Family and business relationships are expressly mentioned as sources of potential conflicts in the conflict of interest policy.”

“The president (ceo) and president's council (vps/provost) compensation packages are reviewed annually by an executive compensation committee of the board. A comparison of compensation is made to the college and university personnel association's (cupa) administrative compensation survey to ensure the president's compensation package is within fair market value for the industry. Performance evaluations are also reviewed. A recommendation is made to the executive committee of the board for approval of compensation packages. Other officers and key employees are reviewed by the president's council and comparisons are made to other colleges' comparable positions using cupa's annual survey data and local markets are surveyed periodically. Board level discussions on executive compensation are recorded in board minutes.”

“Governing documents and financial statements are available by request at the following offices: financial services, president's, or development. Conflict of interest statements are available at the financial services office by request. Form 990 is available by request to the financial services office or can be obtained online at guidestar.org.”

“It is the opinion of the development office, which is responsible for the organization and execution of the annual golf tournament, that the tickets purchased do not include a charitable component.”

“Adjustment of actuarial liability annuities payable 164,787. Uncollectible pledges -12,124.”