Rollins College

“Executive Committee: (a) The Board of Trustees exercises its responsibility for the overall supervision of the College between meetings of the Board through its Executive Committee. The Chairman of the Board is a member of the Executive Committee and Chairman thereof. The President of the College and the Vice Chairman of the Board are members of the Executive Committee. The Secretary of the College is the Secretary of the Executive Committee and keeps a full record of all of its transactions and proceedings. The Executive Committee performs such further functions as shall be specifically delegated or authorized by the Board of Trustees at a regular or special meeting. (b) The Executive Committee will: (1) Review regularly the functions and operations of the College; (2) Review and approve recommendations by the President of the College with respect to the functions and operations of the College; (3) Carry out the functions of the Board of Trustees between meetings of the Board.”

“Honorary Trustees: (a) Honorary Trustees shall be entitled to attend all meetings of the Board of Trustees and all meetings of the executive Committee, the Finance Committee, the Education Committee, and the Development and Alumni Relations Committee, but Honorary Trustees shall not be entitled to vote at meetings of the Board or at meetings of any committee of the Board except as provided below. (b) Honorary Trustees shall be eligible for appointment or election to any standing or special committee of the Board, and if appointed or elected, they shall be entitled to vote.”

“Description of Form 990 review process: A review of the Form 990 excluding Schedule B is conducted by the President, CFO/VP Treasurer, AVP for Finance & Assistant Treasurer, and the Board of Trustees.”

“Description of Conflict of Interest monitoring and enforcement: During the spring of each year the College canvasses all Trustee, who are asked to complete a Conflict of Interest disclosure form noting any membership(s) in for-profit boards and any not-for-profit boards. Additionally, they are asked to indicate whether they hold a 5% or greater ownership interest in these organizations. All College Officers, Directors, and Key Employees are also required to complete a Conflict of Interest disclosure form. Each College staff person as identified above, also signs a statement confirming whether or not a conflict exists. A summary document (spreadsheet) is prepared by the President's Office that includes all Trustees and Officers of the College. This document is presented to and reviewed in detail by the Audit Committee, usually at the May meeting each year.”

“Description of process of determining compensation of Officers and Key Employees (other than President): Rollins College has a Compensation Committee chartered by the Board of Trustees. In addition to compensation areas related to the President, the Compensation Committee is also charged with reviewing a summary of the President's evaluation of the Vice Presidents, reviewing and approving the President's recommendation for all elements of the compensation for the Vice Presidents. As to officers and key employees of the College below the level of Vice President, the compensation level is determined by the immediate supervisor and/or the head of the department, which is typically a Vice President or Dean of the College. In any case where the compensation approver is not a Dean or Vice President, at lease two approvals of the immediate supervising manager and his or her manager as the next higher level is required.”

“Description of published documents: Rollins College published its Conflict of Interest Policy on its website, which is available to the general public. The College also publishes its audited financial statements and Form 990 online. The College's bylaws are not published or made available to the general public.”

“Change in value of split interest agreements $362188.59; Other gains $5858 Total $368047”