2020-03-16T16:15:35-05:00 2019-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-07-01 131740445 COLLEGE OF MT ST VINCENT % JAMES WONG COLL 7184053200 6301 RIVERDALE AVENUE RIVERDALE NY 10471 ABED ELKESHK EVP, Treasurer & CFO 2020-03-12 true DANIEL ROMANO P00504182 2125990100 65.229.27.130 26377520200765000037 2020-03-16 P 8AD3A003972A0FFAB7AABDBC572466F87D231599 F8E25777DF00157D73DA55E6CE52E42E1968B2B6 2018 2020-04-17 16:48:07Z CHARLES FLYNN - PRESIDENT 6301 RIVERDALE AVENUE RIVERDALE NY 10471 85606115 false X www.mountsaintvincent.edu X 1847 NY FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. 33 32 1073 0 -386 -386 5294436 4936385 66016104 72510358 3327514 224255 1943104 917281 76581158 78588279 22810191 29496257 0 0 26808984 27769792 0 0 1125101 23480156 22627738 73099331 79893787 3481827 -1305508 99140575 110488011 27212188 38622298 71928387 71865713 X FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE. (CONT. IN SCH.O) false false 68433695 29496257 72510358 COLLEGE OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATION FORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE A DIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WE OFFER 3 ASSOCIATE, 25 BACCALAUREATE, AND 8 GRADUATE MAJORS. WE AWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. IN ADDITION, WE AWARD M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL. (CONT. IN SCH.O) 68433695 true true false true false false false true true true true true false false true true true true true false true false false false true false false false true true true false false false false false false false false false false true false false false false false false false false true 99 0 true 1073 true true true false false false false true true false false false false false false X 33 32 false false false false false false false true true false false false true true true true true true true false X JAMES WONG 7184053200 6301 RIVERDALE AVE Riverdale NY 10471 CHARLES L FLYNN JR PRESIDENT 40.0 0.0 X X 384185 0 144328 Susan L Whitney Chair 1.0 0.0 X X 0 0 0 Sister Jane Iannucelli Vice Chair 1.0 0.0 X X 0 0 0 Rosemary T Berkery Secretary 1.0 0.0 X X 0 0 0 STEFANO ACUNTO Trustee 1.0 0.0 X 0 0 0 Paula Marie Buley IHM Trustee 1.0 0.0 X 0 0 0 John Caruso Trustee 1.0 0.0 X 0 0 0 Vita A Cassese Trustee 1.0 0.0 X 0 0 0 Gail Vance Civille Trustee 1.0 0.0 X 0 0 0 Cristobal Conde Trustee 1.0 0.0 X 0 0 0 Noreen M Culhane Trustee 1.0 0.0 X 0 0 0 Regina Cunningham TRUSTEE 1.0 0.0 X 0 0 0 Peter DeNunzio TRUSTEE 1.0 0.0 X 0 0 0 Susan Didonato TRUSTEE 1.0 0.0 X 0 0 0 Steven M Hayes Trustee 1.0 0.0 X 0 0 0 Maureen A Henegan Trustee 1.0 0.0 X 0 0 0 Dolly Lenz TRUSTEE 1.0 0.0 X 0 0 0 Mary Beth Malone Trustee 1.0 0.0 X 0 0 0 Stephen A Manzi Trustee 1.0 0.0 X 0 0 0 Maura Markus Trustee 1.0 0.0 X 0 0 0 Cathy-Ann Martine Trustee 1.0 0.0 X 0 0 0 Steven Menzies TRUSTEE 1.0 0.0 X 0 0 0 Paul W Mourning Trustee 1.0 0.0 X 0 0 0 Pamela Newman Trustee 1.0 0.0 X 0 0 0 Margaret O'Brien Trustee 1.0 0.0 X 0 0 0 Deryck A Palmer Trustee 1.0 0.0 X 0 0 0 Raul Rivera Trustee 1.0 0.0 X 0 0 0 Dominica Rocchio SC Trustee 1.0 0.0 X 0 0 0 Joan M Squires Trustee - Leave of Absence 1.0 0.0 X 0 0 0 Elizabeth Vermaelen SC Trustee 1.0 0.0 X 0 0 0 David J Walsh Trustee 1.0 0.0 X 0 0 0 Joan D Walsh Trustee 1.0 0.0 X 0 0 0 BARBARA DOTY Trustee 1.0 0.0 X 0 0 0 Abed Elkeshk EVP, Treasurer & CFO 40.0 0.0 X 193978 0 34398 Sarah Stevenson Provost 40.0 0.0 X 194103 0 39917 Madeleine Melkonian SVP/Inst. Adv. & College Rel. 40.0 0.0 X 190062 0 34812 Collette Atkins VP/Institutional Advancement 40.0 0.0 X 165912 0 18178 Kevin DeGroat VP for Operations 40.0 0.0 X 156194 0 44913 Judith Erickson Dean of Nursing 40.0 0.0 X 170939 0 14907 LYNNE TWOMEY INTERIM DEAN - UNDERGRAD COLL 40.0 0.0 X 142328 0 3186 1597701 0 334639 25 false true false August Construction Group Inc 311 McLean Avenue YONKERS NY 10705 Construction 1230143 Environetics Group Architects 180 Sylvan Avenue Suite 3 ENGLEWOOD CLIFFS NJ 07631 Architect 1026211 Assessment Technologies Institute 62277 Collections Center Drive CHICAGO IL 60693 Test Preparation 442225 Silver Star Limousine 47 Ash Street YONKERS NY 10701 Transportation 434283 Spark451 Inc 55 Maple Avenue Suite 508 ROCKVILLE CENTER NY 11570 Student Search 369642 18 338345 2697530 1900510 201669 4936385 TUITION & FEES 900099 63440293 63440293 0 0 ROOM & BOARD 900099 9070065 9070065 0 0 72510358 322057 -386 322443 0 0 530870 530870 0 530870 530870 6565218 6663020 -97802 -97802 -97802 115322 338345 167804 -52482 -52482 0 0 0 209246 187012 22234 22234 REBATE INCOME 900099 44872 0 0 44872 FINES, FEES, AND OTHER 900099 18829 0 0 18829 OTHER REVENUE 900099 352958 0 0 352958 416659 78588279 72510358 -386 1141922 0 29496257 29496257 0 0 967828 227751 740077 0 22412531 16397067 5549351 466113 324080 243264 71575 9241 2398147 1773954 556915 67278 1667206 1232509 387865 46832 0 324460 324460 267683 267683 0 0 49504 49504 980666 674532 184560 121574 172316 172316 1012173 712603 140548 159022 1025205 279505 745700 0 2284116 73536 2210580 502315 453095 41187 8033 0 117838 101676 15815 347 851636 851636 0 5444727 5070921 373806 777498 777498 FOOD SERVICE 3427219 1676456 1696964 53799 BAD DEBT 1682299 0 1682299 0 CONTRACTUAL SERVICES 1621499 1539214 43303 38982 ALLOCATED INDIRECT EXPENSES 6856010 -6981190 125180 2086584 1625345 432539 28700 79893787 68433695 10334991 1125101 42666 37285 2337924 7871455 4883228 4627331 3140131 3815864 0 0 0 0 706478 656339 205270 215699 123776 201832 135444766 68113769 64985287 67330997 8522099 10005442 13085877 14798753 0 0 0 0 1107839 927014 99140575 110488011 2669139 1684593 0 0 1463543 1151969 15530000 18300355 3342013 599403 0 0 2227645 14885000 0 0 1979848 2000978 27212188 38622298 X 49281391 48477017 9504572 9895380 13142424 13493316 71928387 71865713 99140575 110488011 -1305508 1242834 X false true X true true true X 7746539 4195718 6326065 5294436 4598040 28160798 0 0 7746539 4195718 6326065 5294436 4598040 28160798 1564072 26596726 825155 883705 1090062 924767 852927 4576616 1043 1043 4251620 907466 1233418 1508818 625905 8527227 41265684 308108526 0.64452 0.67299 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false Lobbying Expense THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) THAT PROMOTES THE NEEDS OF HIGHER EDUCATION AND PROVIDES INFORMATION TO THE INDUSTRY. THE ASSOCIATION PROVIDES AN ALLOCATION OF THE ANNUAL DUES TO LOBBYING EFFORTS. SEVEN PERCENT OF THE ANNUAL DUES ARE USED FOR LOBBYING EFFORTS. THE PORTION OF ANNUAL DUES INVOLVED IN LOBBYING ACTIVITIES IS NEGLIGIBLE TO THE COLLEGE. THIS REPRESENTS THE ONLY LOBBYING ACTIVITIES OF THE COLLEGE. 43405 X false false true X 24516412 1407514 1455502 694459 26684969 21950437 1597214 1561010 592249 24516412 17395110 1984300 2701198 130171 21950437 17181154 616506 -297513 105037 17395110 13581080 3905632 -192577 112981 17181154 0.27540 0.52990 0.19470 false false 0 2009990 2009990 0 97238318 42731443 54506875 0 19313516 16345760 2967756 0 16882942 9036566 7846376 67330997 ALTERNATIVE INVESTMENTS 13607938 F FIXED INCOME 1026851 F TRUSTS 163964 F 14798753 0 U.S. GOV'T GRANTS REFUNDABLE 349190 CONDITIONAL ASSET RETIREMENT 1651788 2000978 X 52000800 1242834 167184 -28165301 -26755283 78756083 -167804 -167804 78588279 52063474 167184 354816 522000 51541474 28352313 28352313 79893787 TRUST, ESCROW AND CUSTODIAL ARRANGEMENTS FORM 990, SCHEDULE D, PART IV, LINE 2 THE COLLEGE HOLDS CUSTODIAL ACCOUNTS ON BEHALF OF ITS MATRICULATING STUDENTS. THESE FUNDS ARE ULTIMATELY USED TO FINANCE STUDENT ACTIVITIES, DINING FACILITIES, CLUBS AND OTHER PROGRAMS. THIS ACCOUNT IS REPORTED ON THE COLLEGE'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. DURING FISCAL 2012, THE COLLEGE ENTERED INTO AN AGREEMENT WITH A THIRD-PARTY ORGANIZATION THAT WILL FUND AN INVESTMENT IN CAPITAL IMPROVEMENTS TO THE COLLEGE'S DINING SERVICE FACILITY IN A SUM NOT TO EXCEED $5,000,000. THE INVESTMENT IS AMORTIZED ON A STRAIGHT LINE BASIS, WHICH COMMENCED OCTOBER 2012 THROUGH JUNE 2027, AS THE COLLEGE HOLDS TITLE TO SUCH IMPROVEMENTS. IF THE AGREEMENT EXPIRES OR IS TERMINATED FOR ANY REASON PRIOR TO THE FULL AMORTIZATION, THE COLLEGE IS LIABLE FOR THE UNAMORTIZED PORTION OF THE INVESTMENT. THE COLLEGE RECEIVED THE FIRST INSTALLMENT OF $2 MILLION IN FISCAL 2012 AND AN ADDITIONAL $2.5 MILLION IN FISCAL 2013. THIS ACCOUNT IS REPORTED ON THE COLLEGE'S FINANCIAL STATEMENTS AND IS REPORTED ON PART X, LINE 21. IN AUGUST 2018, THE COLLEGE TERMINATED ITS CONTRACT WITH THE THIRD-PARTY ORGANIZATION. AS A RESULT, THE UNAMORTIZED PORTION OF THE INVESTMENT IN CAPITAL IMPROVEMENTS WAS PAID BACK TO THE THIRD-PARTY ORGANIZATION. THEREFORE, THERE IS NO ACCOUNT BALANCE ON JUNE 30, 2019. ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE COLLEGE'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. Reconciliation of Revenue FORM 990, SCHEDULE D, PART XI Line 2d - SCHOLARSHIP EXPENSE: $(28,352,313) Line 2d - Cost of Goods Sold: $187,012 Line 4b - Fundraising Expenses: $(167,804) Reconciliation of Expenses FORM 990, SCHEDULE D, PART XII Line 2d - Fundraising Expenses: $167,184 Line 2d - Cost of Goods Sold: $187,012 Line 4B - SCHOLARSHIP EXPENSE: $28,352,313 Collections of Art Schedule D, Part III, Line 4 The College maintains various pieces of art for display throughout the campus; this artwork enhances student and faculty appreciation of fine art while simultaneously improving the aesthetics of the College campus. FIN 48 SCHEDULE D, PART X, LINE 2 The College follows the provisions of Financial Accounting Standards board ("FASB") Interpretation No. 48 ("FIN 48") accounting for Uncertainties in Income Taxes - an interpretation of FASB Statement No. 109, now incorporated in accounting standards codification ("ASC") 740. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is "more likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The College is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the IRC. Nevertheless, the College may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The adoption of ASC 740-10 did not have a material impact on the Colleges consolidated financial statements, as management determined that there are no material uncertain tax positions within its consolidated financial statements. true true true true true true true false false false false false false false false true false true Part I, Line 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS DISCLOSED IN ALL PUBLICATIONS, PRINTED AND DISTRIBUTED BY THE COLLEGE, AS WELL AS ON ITS WEBSITE. Part I, Line 6a THE COLLEGE ACCEPTS BOTH FEDERAL AND STATE GOVERNMENTAL FUNDING FOR THE PURPOSES OF PROVIDING FINANCIAL AID TO STUDENTS MATRICULATING AT THE COLLEGE. Central America and the Caribbean Investments 9380471 South America Investments 263235 Europe (Including Iceland and Greenland) Investments 2387067 East Asia and the Pacific Investments 1803671 13834444 13834444 true false true true true false Form 990, Schedule F, Part IV COLLEGE OF MOUNT SAINT VINCENT INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE COLLEGE'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE COLLEGE'S FORM 990-T. Tribute Dinner 453667 338345 115322 20549 80150 5200 61905 0 453667 338345 115322 20549 80150 5200 61905 167804 -52482 true Scholarships 1427 29496257 0 GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES FORM 990, SCHEDULE I, PART I, LINE 2 THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE; THESE SCHOLARSHIPS MAY ONLY BE USED BY STUDENTS TO DEFRAY THE COSTS OF TUITION AND/OR ROOM AND BOARD. SINCE THE STUDENTS MAY NOT EXERCISE ANY DISCRETION ON HOW THE FUNDS ARE SPENT, THE COLLEGE IS NOT REQUIRED TO MONITOR THE GRANTS (OTHER THAN TO ENSURE THAT THE STUDENT IS FULFILLING THE REQUIREMENTS FOR EARNING THE SCHOLARSHIP). X X false true X X X X X false true false false false false false false false CHARLES L FLYNN JR PRESIDENT 351641 0 0 0 32544 0 130709 0 13619 0 528513 0 0 0 Abed Elkeshk EVP, Treasurer & CFO 193978 0 0 0 0 0 8881 0 25517 0 228376 0 0 0 Sarah Stevenson Provost 194103 0 0 0 0 0 8881 0 31036 0 234020 0 0 0 Madeleine Melkonian SVP/Inst. Adv. & College Rel. 190062 0 0 0 0 0 0 0 34812 0 224874 0 0 0 Collette Atkins VP/Institutional Advancement 165912 0 0 0 0 0 7284 0 10894 0 184090 0 0 0 Kevin DeGroat VP for Operations 156194 0 0 0 0 0 7550 0 37363 0 201107 0 0 0 Judith Erickson Dean of Nursing 170939 0 0 0 0 0 4013 0 10894 0 185846 0 0 0 Schedule J, Part I Housing Allowance THE COLLEGE'S PRESIDENT, CHARLES FLYNN, RECEIVES A HOUSING ALLOWANCE FROM THE COLLEGE THAT IS INCLUDED IN TAXABLE INCOME AND REPORTED IN SCHEDULE J,PART II, COLUMN B(III). THE HOUSING ALLOWANCE IS PART OF THE PRESIDENT'S COMPENSATION PACKAGE IN HIS EMPLOYMENT AGREEMENT AS SUCH, THERE IS NO WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT. Social Club Dues The college paid social club dues on behalf of the president, Charles Flynn. These amounts were not included in his taxable wages as the membership is for conducting business on behalf of the college. Schedule j, part i, line 4 supplemental nonqualified retirement plan During the year, Charles L. Flynn received $96,917 in his 457(f) plan. A NEW YORK INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438BD9 2006-06-29 22117032 Build NYC Resource Camp false false false B BUILD NYC RESOURCE CAMP 454040561 2016-12-01 10880000 Refunding Bonds false false false A 17017032 0 22117032 1546137 0 0 442341 894831 0 17334328 1899394 0 2007 true false true true B 1095000 0 10880000 0 0 0 0 0 0 0 10880000 0 true false true true A false false false false 0 false false false false B false false false false 0 false false false false A false false false true true false 0 false 0 false false B false false false true false false 0 false 0 false false A false B false Written Bond Policies The organization has not violated any applicable requirements for tax exempt bonds benefiting the organization. The organization is working with bond counsel to establish written procedures to ensure timely identification of federal tax requirements and timely correction of any identified violations. Part IV, Line 2c Form 8038-T has not been filed as no rebate is due. The rebate computation was performed on September 30, 2016. X 11 191169 FMV X Persian Rug 1 10500 FMV false true false SCHEDULE M, PART I, COLUMN B THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED Form 990, Part III, Line 1 THE COLLEGE COMBINES A STRONG CORE CURRICULUM WITH A FULL ARRAY OF MAJORS IN THE LIBERAL ARTS AND, WITHIN THE TRADITION OF LIBERAL EDUCATION, SELECTED PROFESSIONAL FIELDS OF STUDY. AT MOUNT SAINT VINCENT, A STUDENT'S EDUCATION EXTENDS BEYOND KNOWLEDGE, SKILLS, AND PREPARATION FOR WORK. WE SEEK THE DEVELOPMENT OF THE WHOLE PERSON. IN THE SPIRIT OF VINCENT DE PAUL AND ELIZABETH ANN SETON, WE FOSTER AN UNDERSTANDING OF OUR COMMON HUMANITY, A COMMITMENT TO HUMAN DIGNITY, AND A FULL APPRECIATION OF OUR OBLIGATIONS TO EACH OTHER. THROUGH ITS SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE COLLEGE EXTENDS ITS PRIMARY UNDERGRADUATE MISSION BY OFFERING HIGH QUALITY GRADUATE STUDIES IN BUSINESS, EDUCATION AND NURSING AND AN ARRAY OF UNDERGRADUATE AND CERTIFICATE PROGRAMS SERVING NON-TRADITIONAL STUDENTS. Form 990, Part III - Program Service, Line 4A OUR STUDENT BODY IS COMPOSED OF MORE THAN 1,800 FULL AND PART-TIME STUDENTS. THE COLLEGE OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. COLLEGE MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. WE HAVE A SECOND CAMPUS IN MANHATTAN WHICH IS USED FOR A NURSING DEGREE PROGRAM AND FOREIGN TEACHER TRAINING PROGRAM WITH RESIDENTIAL CAPACITY OF 28 STUDENTS. POLICIES FORM 990, PART VI, SECTION B LINE 11 - PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE IN FEBRUARY OF 2019 AND A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. THE BOARD OF TRUSTEES HAS DIRECTED THAT INFORMATION ON INDIVIDUAL DONORS NOT BE GENERALLY DISTRIBUTED. HOWEVER, THIS INFORMATION IS AVAILABLE TO ANY TRUSTEES WHO REQUEST IT FOR REVIEW. EACH AUDIT COMMITTEE MEMBER AND BOARD OF TRUSTEES MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B LINE 12 - ENFORCEMENT AND MONITORING OF CONFLICT OF INTEREST POLICY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE. RELATIONSHIPS BETWEEN BOARD MEMBERS, OFFICERS OR KEY EMPLOYEES OF THE COLLEGE MUST BE FULLY DISCLOSED. IN SUCH INSTANCE, THE TRUSTEE, OFFICER, OR KEY EMPLOYEE OF THE COLLEGE MUST: A. TRUSTEES 1) IF A TRUSTEE DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE OTHER TRUSTEES AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME FINAL ACTION IS TAKEN BY THE BOARD AND/OR THE EXECUTIVE COMMITTEE WITH RESPECT TO THAT MATTER; 2) ABSTAIN FROM VOTING THEREON, WITH THE MEETING MINUTES RECORDING SUCH ABSTENTION; AND 3) RECUSE HIMSELF/HERSELF FROM THE MEETING DURING SOME PORTION OF THE DISCUSSION OF THE MATTER IF THE BOARD CHAIRMAN SO REQUESTS THIS POLICY, HOWEVER, SHOULD NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM BRIEFLY STATING HIS/HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER TRUSTEES, NOR FROM RECOMMENDING THAT THE TRUSTEES ENTER INTO SUCH TRANSACTION, SINCE HIS/HER KNOWLEDGE MAY BE OF GREAT ASSISTANCE TO THE ENTIRE BOARD. B. OFFICERS 1) IF AN OFFICER DISCLOSES THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON; THE PRESIDENT SHALL INFORM THE EXECUTIVE COMMITTEE OF THE BOARD. C. KEY EMPLOYEES 1) IF A KEY EMPLOYEE DISCLOSED THE EXISTENCE OF SUCH INTEREST AND DESCRIBES THE NATURE THEREOF TO THE APPROPRIATE SENIOR ADMINISTRATOR AND TO THE PRESIDENT AT SUCH TIME AS ONE BECOMES AWARE OF IT, AND IN ALL INSTANCES, PRIOR TO THE TIME THE FINAL ACTION IS TAKEN BY THOSE RESPONSIBLE FOR THE RECOMMENDATION AND/OR DECISION INVOLVED; 2) ABSTAIN FROM MAKING OR PARTICIPATING IN MAKING A RECOMMENDATION OR DECISION ON THE MATTER INVOLVED AND SUBMIT A WRITTEN STATEMENT TO THE OFFICE OF THE APPROPRIATE VICE PRESIDENT REPORTING HAVING RECUSED HIMSELF/HERSELF THEREON. LINE 15 - PROCESS FOR DETERMINING COMPENSATION THE PROCESS OF DETERMINING THE PRESIDENT'S COMPENSATION IS DETERMINED AND VOTED ON BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE, WHICH IS RESPONSIBLE FOR REVIEWING AND DOCUMENTING THE COMPENSATION OF THE PRESIDENT, USES DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. DOCUMENTATION OF THE EXECUTIVE COMMITTEE'S DELIBERATIONS REGARDING PRESIDENTIAL COMPENSATION DECISIONS IS PREPARED, APPROVED BY THE COMMITTEE AND FILED WITH OTHER BOARD-RELATED DOCUMENTS THAT ARE MAINTAINED AT THE COLLEGE. THE EXECUTIVE COMMITTEE REPORTS CHANGES TO THE PRESIDENT'S COMPENSATION IN EXECUTIVE SESSION TO THE FULL BOARD. THE PROCESS OF SETTING COMPENSATION FOR COMPENSATION OF OTHER OFFICERS (VP'S) AND THE PROVOST OF THE ORGANIZATION IS DETERMINED BY THE CEO (PRESIDENT) BASED UPON COMPARABILITY DATA. DISCLOSURE FORM 990, PART VI, SECTION C LINE 19 - AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.