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FORM 990, PART VI, SECTION A, LINE 8B |
THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
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FORM 990, PART VI, SECTION B, LINE 11 |
A COPY OF THE REDACTED FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. THE BOARD RECEIVES A COPY OF THE FORM 990 WITHOUT SCHEDULE B AND PART VII, IN ORDER TO PROTECT THE PRIVACY OF DONORS AND KEEP THE COMPENSATION OF SCHOOL PERSONNEL AS CONFIDENTIAL AS POSSIBLE. THE ENTIRE BOARD OF TRUSTEES DISCUSSES, REVIEWS, AND ACCEPTS THE FORM 990 PRIOR TO FILING. THIS IS DONE EITHER IN PERSON DURING THE MONTHLY BOARD MEETING OR ELECTRONICALLY BY BOARD MEMBERS WHO COULD NOT ATTEND THE MEETING. |
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FORM 990, PART VI, SECTION B, LINE 12C |
A COPY OF THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH BOARD MEMBER, THE HEAD OF SCHOOL, AND OTHER OFFICERS PRIOR TO YEAR-END AND MUST BE SIGNED AND RETURNED. IF A NEW BOARD MEMBER OR OFFICER BEGINS HIS/HER TERM DURING THE YEAR, THE POLICY IS REVIEWED AND SIGNED AT THAT TIME. SINCE IT IS NOT POSSIBLE TO WRITE A POLICY THAT COVERS ALL POTENTIAL CONFLICTS, BOARD MEMBERS AND EMPLOYEES ARE EXPECTED TO BE ALERT FOR SITUATIONS THAT MIGHT BE CONSTRUED AS CONFLICTS OF INTEREST. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER SHOULD BE DISCLOSED TO THE OTHER BOARD MEMBERS AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. THESE RESTRICTIONS SHOULD NOT BE CONSTRUED AS PREVENTING THE BOARD MEMBER FROM BRIEFLY STATING HIS OR HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER BOARD MEMBERS, SINCE HIS OR HER KNOWLEDGE COULD BE OF ASSISTANCE TO THE BOARD'S DELIBERATION. THE CORPORATION MAY ENTER INTO A CONFLICTING INTEREST TRANSACTION PROVIDED EITHER THE MATERIAL FACTS AS TO THE "CONFLICTED PERSON'S" RELATIONSHIP OR INTEREST AND AS TO THE CONFLICTING INTEREST TRANSACTION ARE DISCLOSED OR ARE KNOWN TO THE BOARD OF DIRECTORS OR TO A COMMITTEE OF THE BOARD OF DIRECTORS THAT AUTHORIZES, APPROVES OR RATIFIES THE CONFLICTING INTEREST TRANSACTION, AND THE BOARD OR COMMITTEE IN GOOD FAITH AUTHORIZES, APPROVES OR RATIFIES THE CONFLICTING INTEREST TRANSACTION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED DIRECTORS ON THE BOARD OR COMMITTEE, EVEN THOUGH THE DISINTERESTED DIRECTORS ARE LESS THAN A QUORUM; OR THE CONFLICTING INTEREST TRANSACTION IS FAIR AS TO THE CORPORATION. ANY BOARD MEMBER HAVING A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST MAY NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE THAT AUTHORIZES, APPROVES OR RATIFIES THE CONFLICTING INTEREST TRANSACTION. THE MINUTES OF THE MEETING SHOULD REFLECT THAT A DISCLOSURE REGARDING THE CONFLICTING INTEREST TRANSACTION WAS MADE, AND THAT THE INTERESTED DIRECTOR(S) ABSTAINED FROM VOTING ON THE CONFLICTING INTEREST TRANSACTION. |
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FORM 990, PART VI, SECTION B, LINE 15A |
THE EXECUTIVE COMMITTEE PERFORMS AN ANNUAL EVALUATION OF, AND GOAL SETTING FOR, THE HEAD OF SCHOOL IN JUNE OF EACH YEAR. THE COMMITTEE IS RESPONSIBLE FOR SETTING THE ANNUAL COMPENSATION AND BENEFIT PACKAGE AWARDED TO THE HEAD OF SCHOOL BASED ON PERFORMANCE. BENCHMARK DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' WEBSITE FOR COMPENSATION INFORMATION FOR SIMILAR POSITIONS AT LIKE INSTITUTIONS. THE HEAD OF SCHOOL'S COMPENSATION IS ALSO BASED ON COMPARABLE INCREASES FOR OTHER FACULTY MEMBERS AND WHAT THE ANNUAL BUDGET WILL ALLOW. THE HEAD OF SCHOOL PERFORMS THE ANNUAL EVALUATION OF THE BUSINESS MANAGER IN JUNE OF EACH YEAR, WITH COMPENSATION SET BASED ON PERFORMANCE AND WHAT THE BUDGET WILL ALLOW. |
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FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Attach to Form 990 or 990-EZ.