Jsargeant Reynolds Community College

“Form 990 is reviewed by the full board of directors and the signatory officer prior to signing form 990, part vi, line 12c - explanation of monitoring and enforcement of conflicts whenever a matter arises for action by the board, or the jsrcc educ. Fdn. Engages in an activity where there is a possible conflict or the appearance of conflict between the interests of the jsrcc educ. Fdn. And an outside or personal interest of a director or a family member, the outside interest of the director should be disclosed to the jsrcc educ. Fdn. Board. In those cases where the director is present when a vote is taken in connection with such a question, the director shall abstain. In some circumstances the director should avoid discussing any planned actions, formally or informally, from which the director might appear to benefit. Sometimes neither disclosure nor abstention is sufficient, and the only appropriate solution is resignation. The audit committee will conduct a periodic review of the disclosure statements and make recommendations to board and committees as appropriate. A disclosure statement must be updated no less than annually, or wherever significant changes occur. The jsrcc educ. Fdn. Board president and chair of the audit committee shall have the primary responsibility to oversee compliance with these standards and procedures. Form 990, part vi, line 15b - compensation review & approval process - officers & key employees the organization determines compensation for all employees, including the executive director, using comparability data. Such process is contemporaneously documented and includes a review and approval by the chief executive officer.”

“Whenever a matter arises for action by the board, or the jsrcc educ. Fdn. Engages in an activity where there is a possible conflict or the appearance of conflict between the interests of the jsrcc educ. Fdn. And an outside or personal interest of a director or a family member, the outside interest of the director should be disclosed to the jsrcc educ. Fdn. Board. In those cases where the director is present when a vote is taken in connection with such a question, the director shall abstain. In some circumstances the director should avoid discussing any planned actions, formally or informally, from which the director might appear to benefit. Sometimes neither disclosure nor abstention is sufficient, and the only appropriate solution is resignation. The audit committee will conduct a periodic review of the disclosure statements and make recommendations to board and committees as appropriate. A disclosure statement must be updated no less than annually, or wherever significant changes occur. The jsrcc educ. Fdn. Board president and chair of the audit committee shall have the primary responsibility to oversee compliance with these standards and procedures.”

“The organization determines compensation for all employees, including the executive director, using comparability data. Such process is contemporaneously documented and includes a review and approval by the chief executive officer.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”