Institute for Shipboard Education

“On june 4th, 2015, the institute entered into an affiliation agreement with colorado state university to help administer and supervise the academic component of the program, which includes but not limited to faculty approval, admissions criteria, course approval, library services, course registration, awarding course credits, and issuing transcripts. The university shall appoint, in consultation with the institute, up to two members of the university administration to act as non-voting, non-fiduciary observers at meetings of the institute governing board. Such observers shall be subject to requirements of confidentiality with respect to information learned at any meeting of the institute board of trustees, except that it is permitted and expected that the observers shall make regular and full reports to the university.”

“The form 990 is prepared by a certified public accounting firm. A draft is submitted to management for their review. Upon approval by management, the 990 is submitted to the audit committee for their review and approval. The form is then made available to the entire board prior to filing.”

“Ise devotes three pages of its employee policy manual to the area of "conflict of interest and business ethics." every full time employee of ise receives a copy of this manual when they are hired and must be accountable and adhere to all policies during the employment tenure. Each department vice president is responsible to ensure that all ise policies are followed in their specific department. In the event of a potential conflict, the interested person refrains from all discussions and vote on the matter. Ise board members are required to fill out a conflict of interest questionnaire on a routine basis. The board then reviews any conflicts of interest and the party with a conflict is abstained from voting in any matters related.”

“The process for the president and other employees involves performing an analysis based on various salary survey publications, such as the college and university personnel association ("cupa") and the chronicle of higher education salary survey. The president and board of trustees executive committee approve all salary increases for all employees. The president/ceo's contract was prepared by a higher education attorney who specializes in senior management contracts. It was reviewed by the full board. The full board approves the contract of the president and the minutes from the meeting are documented.”

“The organization provides copies of its governing instruments, conflict of interest policy and other matters to the public upon request.”

“Loss on foreign currency transaction -9,602. Bad debt expense -18,479. Bad debt recovery 1,077. Allowance on pledges -473,916.”