TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201711219349300006 - Submission: 2017-05-01 TIN: 51-0232858

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.
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Attach to Form 990 or 990-EZ.
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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

Centreville Layton School

Employer identification number

51-0232858

Return Reference	Explanation
Form 990, Part VI, Section B, line 11	Draft versions of the Form 990 are distributed to all members of the Board for approval prior to filing.
Form 990, Part VI, Section B, line 12c	All directors have a duty to disclose conflicts of interest when the conflict becomes apparent to the individual. When the conflict arises, the Director shall disclose his/her conflict of interest to the Board of Directors and shall refrain from discussions and votes on the issues that are the reason for the conflict.
Form 990, Part VI, Section B, line 15	The Executive Committee of the Board serves as the Head of School Compensation Committee in consultation with the Board Finance Committee. The Committee reviews local salary data to help establish current market values for the School's salaried positions. The Committee reviews and approves compensation in conjunction with the operating budget approval for the next fiscal year.
Form 990, Part VI, Section C, line 19	There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. The School has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form would be more than sufficient to respond to most legitimate inquiries.
Form 990, Part XI, Line 2c:	The School has an Audit & Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors.

Return Reference

Explanation

Form 990, Part VI, Section B, line 11

Draft versions of the Form 990 are distributed to all members of the Board for approval prior to filing.

Form 990, Part VI, Section B, line 12c

All directors have a duty to disclose conflicts of interest when the conflict becomes apparent to the individual. When the conflict arises, the Director shall disclose his/her conflict of interest to the Board of Directors and shall refrain from discussions and votes on the issues that are the reason for the conflict.

Form 990, Part VI, Section B, line 15

The Executive Committee of the Board serves as the Head of School Compensation Committee in consultation with the Board Finance Committee. The Committee reviews local salary data to help establish current market values for the School's salaried positions. The Committee reviews and approves compensation in conjunction with the operating budget approval for the next fiscal year.

Form 990, Part VI, Section C, line 19

There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. The School has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form would be more than sufficient to respond to most legitimate inquiries.

Form 990, Part XI, Line 2c:

The School has an Audit & Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors.

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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