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FORM 990, PART VI, SECTION B, QUESTION 11B | FORM 990 REVIEW PROCESS: THE FORM 990 DRAFT IS PROVIDED TO THE ASSOCIATE HEAD OF SCHOOL FOR BUSINESS AND FINANCE AND THE DIRECTOR OF FINANCE FOR THEIR REVIEW. ONCE THEIR REVIEW IS COMPLETED A REVISED DRAFT IS PROVIDED TO THE AUDIT COMMITTEE CHAIR OF THE BOARD OF TRUSTEES FOR HER REVIEW. THE FORM 990 DRAFT WILL THEN BE PRESENTED TO THE FULL BOARD OF TRUSTEES OF RAVENSCROFT SCHOOL FOUNDATION FOR THEIR REVIEW. ONCE ALL QUESTIONS, COMMENTS AND CHANGES HAVE BEEN COMPLETED, THE PRESIDENT/CHAIRMAN WILL SIGN FORM 8453-EO, EXEMPT ORGANIZATION DECLARATION FOR ELECTRONIC FILING. THE SIGNED FORM WILL BE ATTACHED TO THE RETURN WHICH WILL THEN BE E-FILED. |
FORM 990, PART VI, SECTION B, QUESTION 12C | MONITORING CONFLICTS OF INTEREST: BOARD TRUSTEES ARE ASKED ANNUALLY TO DISCLOSE ANY BUSINESS RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST WITH THEIR FIDUCIARY OBLIGATION TO THE FOUNDATION. AN ANNUAL SURVEY IS SENT TO EACH TRUSTEE TO MONITOR COMPLIANCE WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY TO DETERMINE IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS. WHEN THE FOUNDATION BECOMES AWARE THAT A CONFLICT EXISTS, WHETHER POTENTIAL OR ACTUAL, ACTION IS TAKEN IMMEDIATELY TO CORRECT THE SITUATION. |
FORM 990, PART VI, SECTION C, QUESTION 19 | MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE TAX RETURN IS MADE AVAILABLE UPON REQUEST FROM THE RAVENSCROFT BUSINESS OFFICE. |
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