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
2015
Open to Public
Inspection
Name of the organization
HOLDERNESS SCHOOL
 
Employer identification number

02-0147630
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11 THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD AT THEIR OCTOBER BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE.
FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 63,307. BAD DEBT EXPENSE -265.
990, PART XII, LN 2C AUDIT COMMITTEE OVERSIGHT OF THE AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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