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FORM 990, PAGE 6, PART VI, LINE 11B | THE TREASURER AND THE EXECUTIVE DIRECTOR CONTEMPORANEOUSLY REVIEW THE FORM 990 BEFORE IT IS FILED. COPIES ARE MADE AND REVIEWED AT THE NEXT REGULARLY SCHEDULED BOARD MEETING. |
FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON COMPARABLE RATES OF PAY FOR SIMILAR POSITIONS AT OTHER ORGANIZATIONS. RAISES ARE BASED ON PERFORMANCE. AS APPROVED BY THE BOARD, THE EXECUTIVE DIRECTOR'S SALARY INCREASE WILL BE EQUIVALENT TO THE HIGHEST RAISE RECEIVED BY THE TEACHERS. FACTORS INCLUDE PERFORMANCE, FISCAL RESPONSIBILITY, AND THE OVERALL SUCCESS OF THE PROGRAM. EXECUTIVE DIRECTOR COMPENSATION IS DISCUSSED AT THE JUNE BOARD MEETING, WITHOUT THE EXECUTIVE DIRECTOR PRESENT. A MAJORITY VOTE IS REQUIRED TO APPROVE ANY INCREASE IN SALARY. |
FORM 990, PAGE 6, PART VI, LINE 15B | OFFICERS, WITH THE EXCEPTION OF THE EXECUTIVE DIRECTOR, ARE NOT COMPENSATED. TEACHERS' SALARIES ARE DETERMINED BASED ON EXPERTISE, PERFORMANCE, AND BUDGETARY CONSTRAINTS. THE BOARD HAS DELEGATED THE RESPONSIBILITY OF DETERMINING COMPENSATION FOR TEACHERS AND OTHER EMPLOYEES TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR MAKES OFFICIAL EMPLOYMENT OFFERS TO THE TEACHERS BASED ON A BOARD-APPROVED BUDGET SALARY SCALE. |
FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART XII | THE ORGANIZATION IS REQUIRED BY THE MASSACHUSETTS ATTORNEY GENERAL TO HAVE ITS FINANCIAL STATEMENTS AUDITED. THE ORGANIZATION'S AUDIT FOR THE FISCAL YEAR ENDED AUGUST 31, 2020, IS STILL IN PROCESS AS OF THE DATE THIS RETURN WAS FILED. |
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