TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201720279349300102 - Submission: 2017-01-27 TIN: 42-1544637

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

Return Reference	Explanation
Form 990, Part VI, Line 11b: Form 990 Review Process	Reviewed by Audit Committee and Chairman of Board.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	Annual conflict form completed.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	Board reviews compensation of the position of Head of School and compares to independent compensation survey.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	Head of School reviews the compensation of all other employees and compares to independent compensation survey.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	The governing documents and conflict of interest policy are available upon request. Financial statements are not made publicly available.
Schedule L - Part II	During prior years, the School constructed certain other buildings within its campus that were financed with interest-free loans from its Founder and and member of its Board of Trustees. During the year ended June 30, 2016, the School repaid $80,700 of principal owed on this obligation resulting in an unpaid balance due at year-end of $1,553,058. No specific scheduled repayment of this obligation has been established. An in-kind contribution of $16,310 has been included in support reflected on the accompanying statement of activities with a like amount included in occupancy expense for the donated interest. This calculated amount assumes an interest rate of 1 percent.
Schedule L - Parts II and IV	Since its inception the School has leased its land and certain buildings located within its campus from its Founder and member of its Board of Trustees. This lease agreement will expire on August 31, 2017, subject to a five-year extension. During the year ended June 30, 2016, the school recorded lease expense of $134,580. The balance owed to the founder for all unpaid lease obligations as of June 30, 2016, is $776,800. No specific scheduled repayment of this obligation has been established.

Return Reference

Explanation

Form 990, Part VI, Line 11b: Form 990 Review Process

Reviewed by Audit Committee and Chairman of Board.

Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts

Annual conflict form completed.

Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management

Board reviews compensation of the position of Head of School and compares to independent compensation survey.

Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

Head of School reviews the compensation of all other employees and compares to independent compensation survey.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents and conflict of interest policy are available upon request. Financial statements are not made publicly available.

Schedule L - Part II

During prior years, the School constructed certain other buildings within its campus that were financed with interest-free loans from its Founder and and member of its Board of Trustees. During the year ended June 30, 2016, the School repaid $80,700 of principal owed on this obligation resulting in an unpaid balance due at year-end of $1,553,058. No specific scheduled repayment of this obligation has been established. An in-kind contribution of $16,310 has been included in support reflected on the accompanying statement of activities with a like amount included in occupancy expense for the donated interest. This calculated amount assumes an interest rate of 1 percent.

Schedule L - Parts II and IV

Since its inception the School has leased its land and certain buildings located within its campus from its Founder and member of its Board of Trustees. This lease agreement will expire on August 31, 2017, subject to a five-year extension. During the year ended June 30, 2016, the school recorded lease expense of $134,580. The balance owed to the founder for all unpaid lease obligations as of June 30, 2016, is $776,800. No specific scheduled repayment of this obligation has been established.

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

Software ID:	15000324
Software Version:	2015v3.0