TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202331289349302458 - Submission: 2023-05-08 TIN: 41-1420915

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.
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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

2021

Open to Public
Inspection

Name of the organization

MOUNDS PARK ACADEMY

Employer identification number

41-1420915

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 1A	THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 DATA IS GATHERED BY MPA STAFF. THE ACTUAL TAX FORM IS PREPARED AND REVIEWED BY THE AUDIT FIRM CLIFTONLARSENALLEN. ONE FINAL REVIEW IS COMPLETED BY CFOO, GINA WALLRAFF. THIS PUBLIC INSPECTION COPY OF THE FORM 990 IS BEING SENT TO THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12C	THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 15A	THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2017 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFOO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19	THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 1A

THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE.

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

THE FORM 990 DATA IS GATHERED BY MPA STAFF. THE ACTUAL TAX FORM IS PREPARED AND REVIEWED BY THE AUDIT FIRM CLIFTONLARSENALLEN. ONE FINAL REVIEW IS COMPLETED BY CFOO, GINA WALLRAFF. THIS PUBLIC INSPECTION COPY OF THE FORM 990 IS BEING SENT TO THE BOARD OF TRUSTEES.

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

THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.

FORM 990, PART VI, SECTION B, LINE 15A

THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2017 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFOO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS.

FORM 990, PART VI, SECTION C, LINE 19

THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

FORM 990, PART XII, LINE 2C:

THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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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