Queens University of Charlotte

“Form 990, part vi, section b, question 11b: prior to filing the form 990, the compensation committee of the board of trustees reviewed the compensation-related sections of the draft form 990, and all voting members of the board of trustees were provided with access to the draft form 990 via a secure website.”

“Form 990, part vi, section b, line 12c: at least annually, all employees are reminded of the university's conflict of interest policy and all new employees are educated about the policy during the hiring process. Supervisors look for potential conflicts of interest for employees under their supervision and disclose such potential conflicts as necessary.”

“Form 990, part vi, section b, lines 15a and b: the president's compensation is determined and approved by the compensation committee of the board of trustees. The committee utilizes an independent compensation consulting firm as well as information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmarks obtained by the members of the committee as information in the compensation determination process. These discussions are documented in the minutes and files of the compensation committee. The president determines the compensation for the other officers of the university. He utilizes information from the 990 returns of other benchmark institutions, compensation surveys of other private colleges and universities, and other benchmark data in the compensation determination process.”

“Form 990, part vi, section c, question 19: none of these documents are available to the general public; however, any of these documents are available upon request.”

“Form 990, part xi, line 9: change in activity reported on the queens university of charlotte endowment form 990 -$11,763,235 the university files a consolidated audited financial statement which includes the activity of the queens university of charlotte endowment. The endowment is a 501(c)(3) type i supporting foundation of the university and a separate legal entity with its own tax-exempt status. For tax purposes, the endowment must file a separate form 990. Therefore, the financial amounts reported on the university's form 990 parts x and xi differ from the audited financial statements because the endowment's financial activity must be excluded from the university's form 990 and is reported on the endowment's form 990.”