SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MISS PORTER'S SCHOOL
 
Employer identification number

06-0646786
Identifier Return Reference Explanation
  FORM 990, PART VI, SECTION A, LINE 2 RAJEEV & JACQUELINE BHALLA ARE TRUSTEES RELATED BY MARRIAGE.
  FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED WITH EXTENSIVE REVIEW FROM INTERNAL BUSINESS OFFICE STAFF AND SENIOR MANAGEMENT. THE FORM 990 IS PROVIDED TO OUR AUDITOR FOR REVIEW, EDITS ARE MADE, AND IT IS THEN REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD, PER THE AUDIT COMMITTEE'S CHARTER. ALL TRUSTEES ARE PROVIDED COPIES (EXCLUDING SCHEDULE B) FOR FINAL REVIEW PRIOR TO FILING.
  FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ASSISTANT TO THE HEAD OF SCHOOL DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO EACH TRUSTEE AND KEY EMPLOYEE DURING THE OCTOBER TRUSTEE MEETING. PRIOR TO THE END OF THE MEETING, THE SIGNED POLICIES ARE COLLECTED BY THE ASSISTANT TO THE HEAD, AND SHE FOLLOWS UP DIRECTLY WITH ANY TRUSTEES OR KEY EMPLOYEES WHO WERE NOT IN ATTENDANCE TO ENSURE A SIGNED POLICY IS RECEIVED. ONCE ALL HAVE BEEN RECEIVED THEY ARE REVIEWED BY THE ASSOCIATE BUSINESS MANAGER AND ANY CONFLICTS ARE PRESENTED TO THE AUDIT COMMITTEE CHAIR FOR FOLLOW UP. ONCE THE REVIEW IS COMPLETE, THE FORMS ARE FILED IN THE BUSINESS OFFICE. DURING COMMITTEE MEETINGS TRUSTEES MUST ANNOUNCE IF A CONFLICT ARISES REGARDING THE SUBJECT BEING DISCUSSED. THEY CAN STATE THE CONFLICT AND CHOOSE TO RECUSE THEMSELVES FROM FURTHER CONVERSATION AND VOTING ON THE SUBJECT MATTER.
  FORM 990, PART VI, SECTION B, LINE 15 A THREE PERSON COMMITTEE OF THE BOARD HAS BEEN FORMED TO ESTABLISH AND PROVIDE OVERSIGHT AROUND THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS. THIS COMMITTEE INCLUDES THE PRESIDENT OF THE BOARD, THE TREASURER, AND CHAIR OF THE AUDIT COMMITTEE. THE COMMITTEE'S RECOMMENDATIONS REGARDING THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS ARE SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND/OR THE FULL BOARD. THE COMMITTEE UTILIZES COMPARATIVE COMPENSATION DATA REGARDING PEER SCHOOLS, INCLUDING DATA FROM THE FORTY MEMBERS OF THE ASSOCIATION OF BUSINESS OFFICERS OF PREPARATORY SCHOOLS (ABOPS), WITH A PARTICULAR EMPHASIS ON A SUBSET OF PEER SCHOOLS. THE PEER SCHOOL DATA INCLUDES BOTH GEOGRAPHIC PEERS AS WELL AS SIMILARLY SIZED AND ENDOWED SCHOOLS. THE COMMITTEE CONDUCTS A THOROUGH PERFORMANCE REVIEW ON AN ANNUAL BASIS WITH AN EMPHASIS ON THE ATTAINMENT OF PERFORMANCE GOALS AND OBJECTIVES ESTABLISHED BY THE COMMITTEE. THE HEAD OF SCHOOL APPROVES ALL SALARY INCREASES FOR HER SENIOR STAFF. THESE INCREASES ARE ALSO BASED UPON REVIEW OF POSITION DATA FROM ABOPS AS DESCRIBED ABOVE. ONCE DETERMINED, A ONE OVER ONE REVIEW BY A MEMBER OF THE COMPENSATION SUBCOMMITTEE TAKES PLACE FOR FINAL APPROVAL.
  FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE SCHOOL'S GOVERNING DOCUMENTS, THEIR CONFLICT OF INTEREST POLICY AND THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUSINESS OFFICE OVERSEES THE DISTRIBUTION OF REQUESTED DOCUMENTS.
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: STOCK VALUE DIFFERENCE BETWEEN SOLD AND GIFT VALUE 636. BAD DEBT NETTED WITH REVENUE INTEREST AND DIVIDENDS 871.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

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