FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: |
THE MISSON OF HAMMOND SCHOOL IS TO INSTILL IN STUDENTS A COMMITMENT TO ACADEMIC EXCELLENCE AND RECOGNITION OF INDIVIDUAL POTENTIAL THAT WILL CONTRIBUTE TO THE DEVELOPMENT OF THEIR CHARACTERS. |
FORM 990, PART VI, SECTION B, LINE 11 |
AFTER THE FORM 990 IS PREPARED BY THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT, IT IS REVIEWED BY THE CFO, HEADMASTER, AND FINANCE COMMITTEE CHAIR FOR ACCURACY. THE CHAIRMAN OF THE BOARD APPROVES THE FORM 990 BEFORE IT IS FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
HAMMOND SCHOOL REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE SCHOOL'S REQUIREMENT AND POLICY THAT OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. EVERY YEAR, EACH TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN THE SCHOOL'S ADOPTED CONFLICT OF INTEREST DISCLOSURE STATEMENT. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE EXECUTIVE DIRECTOR OF HAMMOND SCHOOL IS REFERRED TO AS THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO REVIEW THE PERFORMANCE OF THE HEAD OF SCHOOL AND ESTABLISH HIS OR HER COMPENSATION, AS SET FORTH IN SECTION 4.1.1 OF HAMMOND SCHOOL'S BYLAWS AS AMENDED ON NOVEMBER 27, 2007. THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE THOSE TRUSTEES WHO ARE THE CHAIRMAN OF THE BOARD, THE VICE-CHAIRMAN OF THE BOARD, THE SECRETARY, AND THE TREASURER, TOGETHER WITH OTHER SUCH TRUSTEES THAT ARE APPOINTED FROM TIME TO TIME AT THE DISCRETION OF THE CHAIRMAN OF THE BOARD. THE EXECUTIVE COMMITTEE REVIEWS DATA ON HEAD OF SCHOOL COMPENSATION FROM OTHER SIMILAR INDEPENDENT SCHOOLS WHEN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION AND OTHER BENEFITS. THE SCHOOL'S CHIEF FINANCIAL OFFICER ASSISTS THE COMMITTEE IN OBTAINING THIS DATA FROM COMPARABLE SCHOOLS AND BENCHMARKING TOOLS FROM ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS). THE COMMITTEE ALSO CONSIDERS THE HEAD OF SCHOOL'S EXPERIENCE AND PERFORMANCE WHEN SETTING COMPENSATION LEVELS. ONCE THE COMPENSATION AND BENEFITS ARE DETERMINED, THE EXECUTIVE COMMITTEE AND THE HEAD OF SCHOOL BOTH DESIGNATE THEIR RESPECTIVE ATTORNEYS, AND A CONTRACT IS DRAFTED AND AGREED UPON BY BOTH THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE. WHEN THE CONTRACT EXPIRES, THE PROCESS OF BENCHMARKING AND RENEGOTIATING BETWEEN THE EXECUTIVE COMMITTEE AND THE HEAD OF SCHOOL IS INITIATED AGAIN BY THE EXECUTIVE COMMITTEE BY THE BOARD OF TRUSTEES. |
FORM 990, PART VI, SECTION C, LINE 19 |
HAMMOND SCHOOL RETAINS COPIES OF THE SCHOOLS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IN THE EXECUTIVE DIRECTOR'S OFFICE AND THE SCHOOL'S BUSINESS OFFICE. INDIVIDUALS MAY REQUEST COPIES FROM EITHER OFFICE. THE COPIES ARE MADE AVAILABLE ON THE SCHOOLS CAMPUS, AND THE EXECUTIVE DIRECTOR'S CONFERENCE ROOM IS DESIGNATED AS A LOCATION FOR ANY INDIVIDUAL TO REVIEW THE DOCUMENTS WITH OR WITHOUT ASSISTANCE FROM THE SCHOOL'S CHIEF FINANCIAL OFFICER, ASSOCIATE HEADMASTER, OR EXECUTIVE DIRECTOR. |