TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201740889349300209 - Submission: 2017-03-29 TIN: 04-1200600

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, SECTION B, LINE 11	UPON COMPLETION OF THE 2015 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE.
FORM 990, PART VI, SECTION B, LINE 12C	IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE, SIGN AND RETURN TO THE ASSISTANT TO THE HEAD OF SCHOOL A CONFLICT OF INTEREST FORM. ONCE RETURNED, EACH FORM IS REVIEWED BY THE HEAD AND CFO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE ON TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. THE ORIGINAL FORMS ARE KEPT IN THE INDIVIDUAL TRUSTEE FILES IN THE HEAD'S OFFICE.
FORM 990, PART VI, SECTION B, LINE 15	THE CONCORD ACADEMY BOARD OF TRUSTEES EXECUTIVE COMMITTEE ALSO ACTS AS THE COMPENSATION COMMITTEE. THIS GROUP REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. COMPENSATION FOR FY 15-16 FOR THESE POSITIONS WAS REVIEWED AND APPROVED BY THE COMMITTEE IN THE SPRING OF 2015. IN THE SPRING OF 2016, A SUB-GROUP OF THE EXECUTIVE COMMITTEE A/K/A HEAD COMPENSATION COMMITTEE, MET TO APPROVE HEAD COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:	CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 94,865. UNCOLLECTIBLE PLEDGES -204,151.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11

UPON COMPLETION OF THE 2015 FORM 990, THE ENTIRE FORM IS FIRST REVIEWED BY MANAGEMENT; SOON AFTER, THE FORM, NOT INCLUDING SCHEDULE B, IS REVIEWED WITH THE CHAIR OF THE AUDIT COMMITTEE; THEN THE FORM, NOT INCLUDING SCHEDULE B, IS PRESENTED IN A MEETING WITH ALL MEMBERS OF THE AUDIT COMMITTEE OF THE CONCORD ACADEMY BOARD OF TRUSTEES FOR REVIEW, DISCUSSION, INCLUDING ANY PROPOSED CHANGES, AND APPROVAL. AFTER APPROVAL AND BEFORE FILING WITH THE IRS, THE FORM, NOT INCLUDING SCHEDULE B, IS MADE AVAILABLE TO EACH BOARD MEMBER ON THE CONCORD ACADEMY TRUSTEE WEBSITE.

FORM 990, PART VI, SECTION B, LINE 12C

IN OCTOBER OF EACH YEAR NEW AND RETURNING TRUSTEES ARE ASKED TO COMPLETE, SIGN AND RETURN TO THE ASSISTANT TO THE HEAD OF SCHOOL A CONFLICT OF INTEREST FORM. ONCE RETURNED, EACH FORM IS REVIEWED BY THE HEAD AND CFO TO ENSURE COMPLIANCE. IN THE EVENT OF A CONFLICT, SAID CONFLICT WOULD BE DISCUSSED WITH THE COMMITTEE ON TRUSTEES AND/OR LEGAL COUNSEL TO DETERMINE HOW TO PROCEED. THE ORIGINAL FORMS ARE KEPT IN THE INDIVIDUAL TRUSTEE FILES IN THE HEAD'S OFFICE.

FORM 990, PART VI, SECTION B, LINE 15

THE CONCORD ACADEMY BOARD OF TRUSTEES EXECUTIVE COMMITTEE ALSO ACTS AS THE COMPENSATION COMMITTEE. THIS GROUP REVIEWS AND DELIBERATES COMPENSATION FOR THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER USING PEER SCHOOL DATA AND FINANCIAL REPORTING (FORM 990) AND OTHER EXTERNAL SOURCES. COMPENSATION FOR FY 15-16 FOR THESE POSITIONS WAS REVIEWED AND APPROVED BY THE COMMITTEE IN THE SPRING OF 2015. IN THE SPRING OF 2016, A SUB-GROUP OF THE EXECUTIVE COMMITTEE A/K/A HEAD COMPENSATION COMMITTEE, MET TO APPROVE HEAD COMPENSATION NOTED IN SCHEDULE J, PART I, LINE 7.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC.

FORM 990, PART XI, LINE 9:

CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 94,865. UNCOLLECTIBLE PLEDGES -204,151.

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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