FORM 990, PART VI, SECTION A, LINE 2 |
TRUSTEES OF THE BOARD, ALEXIS BOGO AND ALEXANDER GUERRY III, HAVE A FAMILY RELATIONSHIP. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED BY MANAGEMENT OF THE SCHOOL WITH THE ASSISTANCE OF ELLIOTT DAVIS, LLC/PLLC. A DRAFT FORM 990 AND ALL OF THE REQUIRED SCHEDULES ARE DISTRIBUTED TO THE VP OF FINANCE, WHO REVIEWS THE RETURN WITH ELLIOTT DAVIS, LLC/PLLC. ONCE THE DRAFT IS FINALIZED, IT IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD OF TRUSTEES EVALUATES ALL POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT, THE BOARD WILL CONSIDER THE NATURE OF THE CONFLICT, AND IF WARRANTED, THE INDIVIDUAL IS ASKED TO RECUSE HIM/HERSELF FROM DISCUSSION AND VOTING. ALTERNATIVELY, IF THERE IS A POTENTIAL BUSINESS CONFLICT, THE BOARD MAY BE ASKED TO EVALUATE APPROPRIATENESS AND, IF NECESSARY, MANADATE A CHANGE TO OR DISCONTINUATION OF THE RELATIONSHIP. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE EXECUTIVE COMMITTEE SETS THE COMPENSATION FOR THE HEADMASTER. THE EXECUTIVE COMMITTEE IS DEEMED INDEPENDENT AS IT IS COMPRISED OF INDIVIDUALS THAT ARE NEITHER RELATED TO NOR SUBJECT TO THE CONTROL OF THE HEADMASTER. IN PREPARATION OF THIS DECISION, A COMPENSATION COMPARISON IS PREPARED USING DATA FROM THE NAIS. DATA IS PULLED AND ANALYZED USING A SET OF PREDETERMINED PEER SCHOOLS AND BENCHMARK SCHOOLS. COMPENSATION DISCUSSIONS FOR THE HEADMASTER, ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. COMPENSATION FOR THE FACULTY FOLLOWS PROCEDURES OUTLINED IN THE BROADBAND SYSTEM. COMPENSATION FOR ALL OTHER EMPLOYEES ARE DETERMINED USING INDUSTRY SURVEY DATA (NAIS, NBOA, ETC.) AND MARKET ANALYSIS. |
FORM 990, PART VI, SECTION C, LINE 19 |
ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE HEAD OF SCHOOL. |
FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE CSV CRT 263,847. CHANGE IN CSV LIFE INSURANCE 22,502. INTEREST RATE SWAP LOSS 1,671,603. GAIN/LOSS FROM UBTI -34,798. OTHER INCREASE OR DECREASE 2,935. |
FORM 990, PART XII, LINE 2C: |
NO CHANGE |