TY 2014 Form 990 Schedule O

efile Public Visual Render ObjectId: 201641279349300964 - Submission: 2016-05-06 TIN: 58-0566206

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

The Westminster Schools Inc

Employer identification number

58-0566206

Return Reference	Explanation
Powers of the Executive Committee	Form 990, Part VI, Line 1A The executive committee shall decide all questions affecting the interests of the school which may be brought before it between meetings of the board, in matters consistent with previous decisions and existing policies of the board. No committee, including the executive committee, shall have the power to authorize any distribution of assets, income or property to trustees or officers of the school (other than as payment of indemnification or reasonable compensation, fees or expenses incurred in the performance of duties on behalf of the school); approve the dissolution, merger or sale, pledge, or transfer of all or substantially all of the assets of the school; elect, appoint or remove trustees or fill vacancies on the board of trustees, or any of its committees; adopt, amend or repeal the articles of incorporation or bylaws of the school.
Form 990 Review Process	Form 990, Part VI, Line 11b The form 990 is reviewed by the controller and director of business & finance, and then reviewed by the audit committee prior to being provided to board members for their approval prior to the filing of the return.
Conflict of Interest Policy Monitoring & Enforcement	Form 990, Part VI, Line 12c Compliance is required annually at board/committee meetings. The assistant secretary of the board collects and monitors compliance. Conflicts are disclosed to the board and voting takes place in the absence of the conflicted party.
Process for Determining Compensation	Form 990, Part VI, Line 15a & 15b The organization uses a personnel committee, independent compensation consultant, form 990 of other organizations, written employee contracts, compensation survey or study, and approval by board to determine compensation of the organization's president and director of business & finance/treasurer. The final compensation determinations are documented by the organization.
How Documents are Made Available to the Public	Form 990, Part VI, Line 19 Form 990, governing documents, conflicts of interest policies, and financial statements are available upon request.
Other Changes in Net Assets	Form 990, Part XI, Line 9 UNREALIZED GAIN FROM INTEREST SWAP $36,461 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($167,702), INCREASE IN CSV $2,643 ROUNDING ($3), UNRELATED BUSINESS INCOME FROM FLOW THROUGH ($693,186)

Return Reference

Explanation

Powers of the Executive Committee

Form 990, Part VI, Line 1A The executive committee shall decide all questions affecting the interests of the school which may be brought before it between meetings of the board, in matters consistent with previous decisions and existing policies of the board. No committee, including the executive committee, shall have the power to authorize any distribution of assets, income or property to trustees or officers of the school (other than as payment of indemnification or reasonable compensation, fees or expenses incurred in the performance of duties on behalf of the school); approve the dissolution, merger or sale, pledge, or transfer of all or substantially all of the assets of the school; elect, appoint or remove trustees or fill vacancies on the board of trustees, or any of its committees; adopt, amend or repeal the articles of incorporation or bylaws of the school.

Form 990 Review Process

Form 990, Part VI, Line 11b The form 990 is reviewed by the controller and director of business & finance, and then reviewed by the audit committee prior to being provided to board members for their approval prior to the filing of the return.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, Part VI, Line 12c Compliance is required annually at board/committee meetings. The assistant secretary of the board collects and monitors compliance. Conflicts are disclosed to the board and voting takes place in the absence of the conflicted party.

Process for Determining Compensation

Form 990, Part VI, Line 15a & 15b The organization uses a personnel committee, independent compensation consultant, form 990 of other organizations, written employee contracts, compensation survey or study, and approval by board to determine compensation of the organization's president and director of business & finance/treasurer. The final compensation determinations are documented by the organization.

How Documents are Made Available to the Public

Form 990, Part VI, Line 19 Form 990, governing documents, conflicts of interest policies, and financial statements are available upon request.

Other Changes in Net Assets

Form 990, Part XI, Line 9 UNREALIZED GAIN FROM INTEREST SWAP $36,461 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($167,702), INCREASE IN CSV $2,643 ROUNDING ($3), UNRELATED BUSINESS INCOME FROM FLOW THROUGH ($693,186)

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

Software ID:
Software Version: