Berea Interchange Development Corp

“The organization checked "no" in accordance with the form 990 instructions because there are no officers who receive compensation from the filing organization.”

“The organization checked "no" in accordance with the form 990 instructions because there are no other officers or key employees who receive compensation from the filing organization.”

“The organization delegates broad authority (specifically overseeing the audit and selection of an independent accountant) to the audit committee of berea college, a related tax exempt organization.”

“Form 990 is reviewed by all officers and trustees of the corporation prior to the filing date of form 990.”

“Bidc is controlled by berea college, a 501(c)(3) organization. Bidc is covered by the college's conflict of interest policy. Berea college (the college) maintains a conflict of interest policy applicable to trustees and institutional officers. All trustees and institutional officers receive copies of the policy and a disclosure statement on an annual basis. The disclosure statement must be completed by all trustees and officers regardless of the presence of a conflict. In addition to the annual disclosure, the policy requires the disclosure statement to be updated whenever the trustee or officer becomes aware of a new or anticipated conflict of interest transaction that has not been previously reported. Completed disclosure statements are forwarded by the vice president for finance to the president of the college and the chair of the audit committee of the board of trustees. Any conflict of interest transaction or other matter reported by a trustee or officer is then addressed in accordance with the policy. A separate conflict of interest policy is applicable to all employees of the college. The policy is distributed to new employees upon hire and to all employees annually via e-mail. Any employee who has or whose relative has a substantial interest in a contract, sale, purchase or other transaction by or with the college must make known that interest on the appropriate disclosure form provided by the college. All completed disclosure forms are reviewed by the administrative committee of the college for determination of a conflict of interest. All instances reported are forwarded to the audit committee of the board of trustees for review.”

“The organization's governing documents are available to the public upon request. The conflict of interest policy and financial statements are available via berea college's website.”