Flagler College Inc

“The college's executive committee consists of the chair of the board, the vice chair, and three other trustees who are recommended by the trustees committee and elected by the board. The chair of the board serves as chair of the executive committee. The executive committee shall exercise all the duties of the board of trustees in the interim between meetings of the board, subject to the restrictions hereinafter set forth and further subject to such limitations upon its authority as the board of trustees may, from time to time, impose. In no event shall the executive committee have authority to appoint trustees or to amend the bylaws. Actions taken by the executive committee shall be reported to the board at the next meeting of the board.”

“John d. Bailey jr. And mark bailey - family relationship bree alban and randal ringhaver - family relationship”

“A copy of the form 990 is provided to the college's board of trustees prior to submission with the irs. As a matter of procedure, the executive committee of the board of trustees reviews form 990. The executive committee presents a report of its review to the board of trustees.”

“Trustees shall be asked to complete a conflict of interest disclosure form on an annual basis. Copies will be made available to the executive committee and the audit committee for their review. The board of trustees oversees the process of conflict of interest monitoring. A trustee shall disclose to the board any potential conflict of interest at the earliest practicable time, and will absent himself or herself from any situation in which a conflict of interest could influence decision making. A declaration by a board member of every case in which he or she has a potential conflict of interest is an effective means of ensuring the board's interest in being vigilant. No trustee shall vote on any matter, under consideration at a board or committee meeting, in which such trustee has a conflict of interest. The minutes of such meeting shall reflect disclosure of any conflict of interest and the recusal of the interested trustee.”

“The executive committee is responsible for assessing the performance of the president annually. In addition, the committee determines appropriate compensation for the president using industry standards and comparability data, and reviews with the president his or her compensation recommendations for other senior officers of the college. The president's compensation is approved by majority vote annually and included in the board minutes. The college's board of trustees reviews and approves the president's compensation. The president reviews and approves other officers and key employees' compensation in cooperation with human resources as part of the annual review process. Available funding, as well as comparability data and performance assessments are considered in determining officer's and key employees' compensation. Compensation increases are considered and approved in june for a july 1 effective date. The process described here was last completed in 2024.”

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

“Nonoperating loss -2,454,623.”

“Flagler college experienced an unusual event affecting a building on campus. The total loss impacted building improvements and furniture and fixtures, totaling $2,454,623 in fy24.”