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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
KIMBALL UNION ACADEMY
 
Employer identification number

02-0222147
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11 THE INDEPENDENT AUDITORS REVIEW THE FORM 990 WITH THE ORGANIZATION'S AUDIT COMMITTEE IN DETAIL. THE AUDIT COMMITTEE CHAIR THEN BRIEFS THE BOARD ON THE KEY ELEMENTS OF THE FORM 990 AND PROVIDES THE BOARD MEMBERS WITH A COPY OF THE FORM 990 PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH TRUSTEE, PRIOR TO TAKING A POSITION ON THE BOARD, TO SUBMIT IN WRITING ANY POSSIBLE CONFLICTS. THE ORGANIZATION REQUIRES EACH TRUSTEE TO UPDATE THE LISTS ANNUALLY. TRUSTEES HAVING A FINANCIAL INTEREST IN THE TRANSACTION AT HAND ARE NOT ALLOWED TO VOTE.
FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE. THE COMMITTEE HIRES A THIRD-PARTY EXPERT TO REVIEW, BENCHMARK, AND ASSIST IN THE NEGOTIATION OF THE HEAD'S CONTRACT.
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 ONLY.
FORM 990, PART XI, LINE 9: INTEREST RATE SWAP -142,330.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

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