Incarnate Word High School

“The Members of the Corporation are and shall be those persons who are from time to time the members of the General Council of the Congregation of the Sisters of Charity of the Incarnate Word of San Antonio, Texas.”

“Elections to the Board shall be confirmed by a majority of the Members of the Corporation present at a duly noticed and quorumed meeting of the Members of the Corporation.”

“The following decisions are subject to approval: 1. appointment and removal of the directors comprising the board and any change in the number of directors comprising the board; 2. appointment and removal of the chairperson of the board; 3. approval of the terms of any third-party management agreement with the university of the incarnate word or other third-party retained to manage the high school and its operations; 4. Final approval of any termination and/or hiring of the principal and other chief executive officer operating the high school after appropriate nomination and final recommendation of the board; 5. any borrowing of funds by the corporation in excess of $1,000,000 or any modification change of debt arrangements of the corporation which will increase its debt in excess of $1,000,000; 6. a decision causing or permitting the corporation to make any capital expenditure with respect to any project or item or any series of related projects or items in excess of $1,000,000; 7. the power to amend or restate the certificate of formation (Articles of Incorporation) or the bylaws; 8. the power to dissolve, merge, or consolidate the corporation or effect any other fundamental business transaction as decribed in the business organizations code; 9. the power to mortgage, sell, purchase, lease, exchange, or pledge any real property of the corporation or substantially all of the personal property or assets of the corporation; and 10. the power to change the mission of the corporation.”

“Mailing address for board officers and directors is as follows: University of the Incarnate Word 4301 Broadway, CPO 315 San Antonio, TX 78209”

“The Associate Vice President for Business & Finance and Comptroller performs a detailed review of the draft of the Form 990 including supporting documentation. The final form 990 is distributed electronically to the president, Vice President for business and finance, and the board of directors with the opportunity for them to ask questions and provide feedback.”

“Directors of the high school are required to complete and sign a conflict of interest policy on an annual basis at the June board meeting. It is the continuing responsibility of the board members, executives, and officers to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures to the board of directors. The interested person shall leave the board meeting while the financial interest is discussed and voted upon. The remaining board members or committee shall decide if a conflict of interest exists. Affected board members abstain from voting when there is a conflict of interest.”

“Documents are available to the general public upon request.”

“All vendors are paid by the University of the Incarnate Word. The University issues all 1099's under their taxpayer identification number (74-1109661).”

“All employees are paid by the University of the Incarnate Word. The University issues all W-2's under their taxpayer identification number (74-1109661). Salaries are allocated back to Incarnate Word High School for employees who are assigned there.”