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FORM 990, PART I, LINE 6, EXPLANATION OF ESTIMATES: | PARENTS(60) OF OUR STUDENTS PROVIDE VOLUNTEER SERVICES FOR OUR FUNDRAISING EVENTS, ALUMNI (8) GIVE THEIR TIME TO THE ANNUAL FUND DRIVE AND AUCTION, THE BOARD OF TRUSTEES(22) IS A VOLUNTEER GROUP WHICH GOVERNS THE ENTIRE ORGANIZATION. |
FORM 990, PART III, LINE 3 | THE LEADERSHIP PROGRAM WAS REDUCED IN THIS FISCAL YEAR DUE TO COVID. IT WILL CONTINUE IN SUBSEQUENT SCHOOL YEARS. |
FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT 990 IS REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND OPERATIONS AND BY THE BUSINESS MANAGER BEFORE APPROVAL FOR ELECTRONIC FILING WITH THE IRS IS GIVEN. APPROPRIATE ADJUSTMENTS ARE MADE AND THE DIRECTOR OF FINANCE AND OPERATIONS SIGNS THE FORM 990 BEFORE FILING. A COPY OF THE FINAL 990 IS GIVEN TO THE PRESIDENT OF THE BOARD. |
FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY TO RECOGNIZE HIS/HER UNDERSTANDING AND COMPLIANCE WITH THE ORGANIZATION'S WRITTEN POLICY. |
FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION FOR THE HEAD OF SCHOOL IS REVIEWED AND APPROVED BY A SUBCOMMITTEE OF THE GOVERNING BOARD. UPON INITIAL HIRE THE COMPENSATION AGREEMENT IS A MULTI-YEAR CONTRACT WHICH IS OCCASIONALLY ADJUSTED ONLY AFTER CONSIDERATION OF COMPARABILITY DATA AVAILABLE FROM CURRENT LOCAL AND NATIONAL INDEPENDENT SCHOOL ASSOCIATION SURVEYS. GUIDANCE IS PRIMARILY RECEIVED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FOR BOTH THE INITIAL HIRE AND ANY ADJUSTMENT TO THE CONTRACT THE COMMITTEE PRESENTS ITS RECOMMENDATIONS TO THE GOVERNING BOARD FOR FINAL APPROVAL. |
FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR COPIES. THE DOCUMENTS RESIDE IN THE OFFICE OF THE FINANCIAL DIRECTOR. |
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