TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202141309349301939 - Submission: 2021-05-10 TIN: 04-2130844

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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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

BROOKS SCHOOL

Employer identification number

04-2130844

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 WITH THE EXCEPTION OF SCHEDULE B AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE DISCLOSURES ON SCHEDULE B ARE DISCUSSED WITH THE AUDIT COMMITTEE BY MANAGEMENT BUT THE FORM ITSELF IS NOT PROVIDED DUE TO THE SENSITIVITY OF DONORS' PERSONAL INFORMATION.
FORM 990, PART VI, SECTION B, LINE 12C	IN ADDITION TO THE SIGNED ANNUAL CONFLICT OF INTEREST POLICY, PRIOR TO THE START OF DISCUSSION OR NEGOTIATION OF FINANCIAL MATTERS, TRUSTEES AND EMPLOYEES ARE EXPECTED TO MAKE FULL DISCLOSURE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION. A TRUSTEE OR EMPLOYEE WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND DEPENDING ON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. THE BUSINESS OFFICE REGULARLY MONITORS ITS CONTRACTS AND CASH DISBURSEMENTS TO DETERMINE IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH ANY PERSON COVERED BY THE CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. OTHER KEY EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL, JOHN PACKARD. AS PART OF THE PROCESS, COMPENSATION IS BASED ON COMPARABILITY DATA FOR SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS HELD.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS PUBLISHED ON THE GUIDESTAR WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE.
FORM 990, PART XI, LINE 9:	CHANGE IN SPLIT-INTEREST AGREEMENT 4,462. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 17,019. LOSS ON EXTINGUISHMENT OF DEBT -281,689.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE AUDIT COMMITTEE REVIEWS THE FULL FORM 990 WITH THE EXCEPTION OF SCHEDULE B AND THEN RECOMMENDS APPROVAL TO THE FULL BOARD OF TRUSTEES. THE DISCLOSURES ON SCHEDULE B ARE DISCUSSED WITH THE AUDIT COMMITTEE BY MANAGEMENT BUT THE FORM ITSELF IS NOT PROVIDED DUE TO THE SENSITIVITY OF DONORS' PERSONAL INFORMATION.

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

IN ADDITION TO THE SIGNED ANNUAL CONFLICT OF INTEREST POLICY, PRIOR TO THE START OF DISCUSSION OR NEGOTIATION OF FINANCIAL MATTERS, TRUSTEES AND EMPLOYEES ARE EXPECTED TO MAKE FULL DISCLOSURE OF ANY DUAL INTEREST IN A PROPOSED TRANSACTION. A TRUSTEE OR EMPLOYEE WITH A DUAL INTEREST IN A PROPOSED TRANSACTION SHALL NOT VOTE ON THE MATTER AND DEPENDING ON THE CIRCUMSTANCES, MAY BE EXCLUDED FROM ANY DISCUSSION OF THE MATTER. THE BUSINESS OFFICE REGULARLY MONITORS ITS CONTRACTS AND CASH DISBURSEMENTS TO DETERMINE IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH ANY PERSON COVERED BY THE CONFLICT OF INTEREST POLICY.

FORM 990, PART VI, SECTION B, LINE 15

COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE BOARD OF TRUSTEES. OTHER KEY EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL, JOHN PACKARD. AS PART OF THE PROCESS, COMPENSATION IS BASED ON COMPARABILITY DATA FOR SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS IS HELD.

FORM 990, PART VI, SECTION C, LINE 19

GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS PUBLISHED ON THE GUIDESTAR WEBSITE AND IS ACCESSIBLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE.

FORM 990, PART XI, LINE 9:

CHANGE IN SPLIT-INTEREST AGREEMENT 4,462. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 17,019. LOSS ON EXTINGUISHMENT OF DEBT -281,689.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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