TY 2012 Form 990 Schedule O

efile Public Visual Render ObjectId: 201431229349300423 - Submission: 2014-05-02 TIN: 42-1530416

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

PRAIRIE CREEK COMMUNITY SCHOOL

Employer identification number

42-1530416

Identifier	Return Reference	Explanation
	FORM 990, PART VI, SECTION A, LINE 1	THE EXECUTIVE COMMITTEE INCLUDES THE CHAIR AND TWO OTHER TRUSTEES THE BOARD MAY DESIGNATE. THE DIRECTOR OF THE SCHOOL SHALL SIT EX-OFFICIO ON THE EXECUTIVE COMMITTEE AND ATTEND ALL MEETINGS. THIS COMMITTEE HAS THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES.
	FORM 990, PART VI, SECTION A, LINE 6	THE SCHOOL'S MEMBERSHIP IS COMPOSED OF THE PARENTS, AND/OR GUARDIANS OF THE CHILDREN CURRENTLY ENROLLED IN THE SCHOOL, THE CURRENT STAFF, AND BOARD OF TRUSTEES. OTHER MEMBERS MAY BE ACCEPTED BY MAJORITY VOTE AT A MEMBERSHIP MEETING OR BOARD OF TRUSTEES MEETING.
	FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD IS COMPOSED NINE MEMBERS, SEVEN OF WHICH ARE CHOSEN FROM THE PARENT COMMUNITY AND TWO OF WHICH ARE CHOSEN FROM THE FACULTY ELECTED AT THE ANNUAL MEETING BY THE MEMBERS OF THE SCHOOL.
	FORM 990, PART VI, SECTION B, LINE 11	THE SCHOOL DIRECTOR AND THE CFO REVIEW THE FORM 990 PRIOR TO SIGNING AND FILING WITH THE IRS. THE OTHER BOARD MEMBERS WILL HAVE IT AVAILABLE TO REVIEW AT THEIR DISCRETION.
	FORM 990, PART VI, SECTION B, LINE 12C	THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES. COVERED INDIVIDUALS MUST DISCLOSE MATERIAL FACTS FOR ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD WHO SHALL DETERMINE IF A CONFLICT EXISTS. INDIVIDUALS WITH A CONFLICT OF INTEREST MAY NOT VOTE, PARTICIPATE IN THE DISCUSSION, OR BE COUNTED FOR DETERMINING THE PRESENCE OF A QUORUM. A TRANSACTION WHERE A CONFLICT EXISTS MAY BE APPROVED BY THE REMAINING BOARD MEMBERS BY A TWO-THIRDS MAJORITY. PROCEEDINGS INVOLVING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
	FORM 990, PART VI, SECTION B, LINE 15A	A BOARD COMMITTEE EVALUATED AND NEGOTIATED A SECOND ANNUAL CONTRACT WITH SIMON TYLER, DIRECTOR AFTER A SUCCESSFUL FIRST YEAR.
	FORM 990, PART VI, SECTION C, LINE 19	THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
EXPLANATION OF METHOD OF ACCOUNTING	FORM 990, PART XII, LINE 1	THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.

Identifier

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 1

THE EXECUTIVE COMMITTEE INCLUDES THE CHAIR AND TWO OTHER TRUSTEES THE BOARD MAY DESIGNATE. THE DIRECTOR OF THE SCHOOL SHALL SIT EX-OFFICIO ON THE EXECUTIVE COMMITTEE AND ATTEND ALL MEETINGS. THIS COMMITTEE HAS THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES.

FORM 990, PART VI, SECTION A, LINE 6

THE SCHOOL'S MEMBERSHIP IS COMPOSED OF THE PARENTS, AND/OR GUARDIANS OF THE CHILDREN CURRENTLY ENROLLED IN THE SCHOOL, THE CURRENT STAFF, AND BOARD OF TRUSTEES. OTHER MEMBERS MAY BE ACCEPTED BY MAJORITY VOTE AT A MEMBERSHIP MEETING OR BOARD OF TRUSTEES MEETING.

FORM 990, PART VI, SECTION A, LINE 7A

THE BOARD IS COMPOSED NINE MEMBERS, SEVEN OF WHICH ARE CHOSEN FROM THE PARENT COMMUNITY AND TWO OF WHICH ARE CHOSEN FROM THE FACULTY ELECTED AT THE ANNUAL MEETING BY THE MEMBERS OF THE SCHOOL.

FORM 990, PART VI, SECTION B, LINE 11

THE SCHOOL DIRECTOR AND THE CFO REVIEW THE FORM 990 PRIOR TO SIGNING AND FILING WITH THE IRS. THE OTHER BOARD MEMBERS WILL HAVE IT AVAILABLE TO REVIEW AT THEIR DISCRETION.

FORM 990, PART VI, SECTION B, LINE 12C

THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES. COVERED INDIVIDUALS MUST DISCLOSE MATERIAL FACTS FOR ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD WHO SHALL DETERMINE IF A CONFLICT EXISTS. INDIVIDUALS WITH A CONFLICT OF INTEREST MAY NOT VOTE, PARTICIPATE IN THE DISCUSSION, OR BE COUNTED FOR DETERMINING THE PRESENCE OF A QUORUM. A TRANSACTION WHERE A CONFLICT EXISTS MAY BE APPROVED BY THE REMAINING BOARD MEMBERS BY A TWO-THIRDS MAJORITY. PROCEEDINGS INVOLVING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.

FORM 990, PART VI, SECTION B, LINE 15A

A BOARD COMMITTEE EVALUATED AND NEGOTIATED A SECOND ANNUAL CONTRACT WITH SIMON TYLER, DIRECTOR AFTER A SUCCESSFUL FIRST YEAR.

FORM 990, PART VI, SECTION C, LINE 19

THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

EXPLANATION OF METHOD OF ACCOUNTING

FORM 990, PART XII, LINE 1

THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.

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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