Lewis and Clark College

“1. A draft of Form 990 is initially reviewed by the Associate Vice President for Business and Finance (Controller), followed by a secondary review by the Vice President for Business and Finance (Treasurer). 2. The Audit Committee will meet in February of each year to review the final draft of Form 990. 3. Two weeks prior to this Audit Committee meeting the Business Office will forward the electronic public version of the Form 990 to the Audit Committee for review. 4. At the Audit Committee meeting the Committee will receive a numbered printed copy of the Schedule B donors, which will show on the filed version of the Form 990. The Committee will review the complete Form 990 and have the ability to ask questions of the administration and the College's tax consultants. 5. The numbered printed copy of the list of the Schedule B donors will be collected at the end of the Audit Committee meeting. 6. Following the Audit Committee meeting the electronic version of the public Form 990 will be sent to each trustee. Trustees will have the ability to ask questions by email or by phone.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Annually all members of the Board of Trustees are asked to sign a conflict of interest disclosure statement. If conflicts are disclosed the conflict must be disclosed to the full Board, and any trustee with a conflict must be precluded from taking action on items of business for which they may have a conflict. Statements are collected by the Secretary to the Board annually. Annually each Officer of the College is required to review the College's code of ethics, which includes our conflict of interest policy, and acknowledge compliance.”

“The Board of Trustees is an independent Board and has a Compensation Sub-Committee. On an annual basis, the Compensation Committee sets the compensation of the President and reviews the compensation for other senior executives. Compensation adjustments become effective on September 1 of each year. The Compensation Committee reviewed and compared the President's compensation package with peer institutions. Based on that data and their assessment of the President's performance, the Compensation Committee set the President's compensation for the 2016-17 academic year. This process was completed in September 2016, and the President's compensation adjustment become effective September 1, 2016. The compensation of other senior executives is compared against benchmarks periodically and is reviewed by the Compensation Committee. This process was also completed in September 2016.”

“Form 990 is made available to the public on the College's website and upon request. In lieu of Form 1023, a letter from the IRS dated 6/3/2002 acknowledging the organization's tax exempt status under Section 501(c)(3) of the Internal Revenue Code is made available to the public on the organization's website.”

“Governing documents (corporate by-laws) and the audited financial statements are made available to the public on the organization's website. The conflict of interest policy is made available to the public upon request.”

“Change in value of split interest agreements 83,623.”

“The process has not changed from the prior year.”