SCHEDULE O
(Form 990)

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 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
FRIENDS SCHOOL OF MINNESOTA
 
Employer identification number

36-3586741
Return Reference Explanation
FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE RETURN IS DISTRIBUTED TO THE SCHOOL COMMITTEE AND REVIEWED PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST IS DISTRIBUTED TO THE SCHOOL COMMITTEE ANNUALLY. A COMMITTEE MEMBER MAY CHALLENGE ANY OTHER MEMBER ON THE GROUNDS OF IMPERMISSIBLE CONFLICT OF INTEREST AT ANY TIME PRIOR TO A FINAL CONCENSUS DECISION ON AN ISSUE.
FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED BY AN EXECUTIVE COMMITTEE. THE BUSINESS MANAGER GATHERS DATA FROM ALL OF THE ISACS SCHOOLS (INDEPENDENT SCHOOLS OF THE CENTRAL STATES) TO DETERMINE THE MEDIAN SALARY RANGE FOR HEADS OF SCHOOL FOR INDEPENDENT SCHOOLS OF SIMILAR SIZE IN MIDWEST STATES. AN OUTSIDE CONSULTANT WAS ALSO HIRED TO DETERMINE AN APPROPRIATE SALARY RANGE TO DEAL WITH.
FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9 CORRECTION OF ERROR -442,554 CORRECTION OF ERROR
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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