Aquinas College

“Aquinas college (the "college") is a private catholic institution of higher education. Chartered on june 24, 1970 in tennessee as a nonprofit corporation, the college has been in continuous operations since that time. The college offers an academically challenging liberal arts and sciences curriculum, and is accredited by the commission on colleges of the southern association of colleges and schools. The college is part of the dominican campus and is located on 83 wooded acres in nashville, tennessee. It is owned and administered by the dominican sisters of st. Cecilia congregation (the sole member of the college). The dominican sisters have been educating children, youth and adults of nashville for over 150 years, leading students to a deeper knowledge of their faith, their heritage, and their responsibilities as members of society.”

“The member, after consideration of the advice of the board of directors, has the power to appoint directors to the board.”

“The following transactions shall be authorized by vote of the member, which vote shall be taken only after considering the advice of the board of directors. Any action taken by the member on these matters shall be immediately communicated to the board of directors. A) approval of the mission, philosophy, objectives and purposes of the college for which it was and is formed and exists. B) amendment of the charter and bylaws of the college. C) appointment of directors to and removal of directors from the board of directors as is considered just and necessary for the best interests of the college. D) appointment, evaluation or discharge of the president of the college. E) approval of capital and operating budgets. F) approval of borrowing in excess of the limit established by the member. G) approval of purchase, mortgage or sale of real estate or lease of real estate by or to the college for longer than one year. H) approval of unbudgeted expenses in excess of the limit established by the member. I) requirement of a certified audit of corporate funds at any time and approval of the fiscal auditor of the college annually. J) approval of all insurance carriers and insurance coverage for the college. K) approval of long-range or strategic plans of the college. L) approval of the creation and dissolution of this college or any subsidiary corporations, as well as approval of any merger, consolidation, affiliation, joint venture or other form of corporate reorganization of this corporation or any subsidiary of which this corporation is a member or controlling shareholder. M) appointment, salary negotiation and reassignment of dominican sister personnel to the college. N) approval of polices to meet annual and long-range objectives and goals, and to remain in compliance with applicable local, state and federal laws and regulations. O) the powers stated above and all other powers not delegated in these bylaws are reserved to the member, but the member does hereby delegate to the board of directors the authority to operate the college as set forth in article iii of these bylaws.”

“When complete, schedule 990 will be sent to the audit committee for review. The audit committee will present irs form 990 to the full board (or executive committe) for review and approval prior to its filing.”

“Board of directors completes a new disclosure form each year. Each faculty and staff member completes one when the salary agreement is signed annually. Transactions with officers, directors, trustees, and key employees are reviewed.”

“Employees are paid in an amount comparable to what they would be expected to make at similar local (private or state) or peer institutions. At times we check comparable ranges against the chronicle of higher education, on-line services or other institutions' 990 reports that are available.”

“Employees are paid in an amount comparable to what they would be expected to make at similar local (private or state) or peer institutions. At times we check comparable ranges against the chronicle of higher education, on-line services or other institutions' 990 reports that are available.”

“Charter is available through the secretary of state.”

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