TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202341249349300019 - Submission: 2023-05-04 TIN: 05-0259009

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

ST GEORGE'S SCHOOL

Employer identification number

05-0259009

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD CHAIR AND THE CHAIR OF THE AUDIT COMMITTEE REVIEW A COMPLETE COPY OF THE FORM 990, INCLUDING THE SCHEDULE OF CONTRIBUTORS, BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990, EXCLUDING CONTRIBUTIONS, BEFORE FILING. EMAIL NOTIFICATION IS SENT TO ALL TRUSTEES INFORMING THEM THAT THE FINAL VERSION OF THE FORM 990, EXCLUDING CONTRIBUTIONS, HAS BEEN POSTED TO THE TRUSTEES' WEBSITE.
FORM 990, PART VI, SECTION B, LINE 12C	IN ORDER TO MONITOR AND ENFORCE COMPLIANCE OF THE POLICY, A SIGNED CONFLICT OF INTEREST POLICY IS REQUIRED FROM ALL NEW EMPLOYEES WHEN ONBOARDED AND FROM ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. WHEN SUCH A CONFLICT ARISES, THE TRUSTEE OR EMPLOYEE IS EXPECTED TO DISCLOSE THE EXISTENCE OF THE CONFLICT TO EITHER THE BOARD CHAIR OR THE HEAD OF SCHOOL, WHO WILL MAKE A DETERMINATION AS TO THE RESTRICTIONS TO BE IMPOSED.
FORM 990, PART VI, SECTION B, LINE 15	THE SERVICES OF A PROFESSIONAL COMPENSATION CONSULTANT WERE USED FOR THE HEAD OF SCHOOL'S INITIAL CONTRACT WHEN MS. CALLEN WAS HIRED IN 2017. IN JULY 2019, A 4-YEAR AGREEMENT COMMENCED. IN CONSULTATION WITH THE BOARD CHAIR, THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION TERMS OF THE CONTRACT AND ANALYZES BENCHMARKING DATA FROM SIMILAR SCHOOLS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL COMPENSATION TERMS FOR THE HEAD OF SCHOOL. TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS IN LINE WITH THAT OF OTHER SIMILAR SCHOOLS, THE HEAD OF SCHOOL ANNUALLY REVIEWS DATA FROM SIMILAR SCHOOLS AND DISCUSSES HER DECISION-MAKING PROCESS AND PERTINENT DATA WITH THE COMPENSATION COMMITTEE. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED.
FORM 990, PART VI, SECTION C, LINE 19	UPON REQUEST THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,165,956.

Return Reference

Explanation

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

THE BOARD CHAIR AND THE CHAIR OF THE AUDIT COMMITTEE REVIEW A COMPLETE COPY OF THE FORM 990, INCLUDING THE SCHEDULE OF CONTRIBUTORS, BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990, EXCLUDING CONTRIBUTIONS, BEFORE FILING. EMAIL NOTIFICATION IS SENT TO ALL TRUSTEES INFORMING THEM THAT THE FINAL VERSION OF THE FORM 990, EXCLUDING CONTRIBUTIONS, HAS BEEN POSTED TO THE TRUSTEES' WEBSITE.

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

IN ORDER TO MONITOR AND ENFORCE COMPLIANCE OF THE POLICY, A SIGNED CONFLICT OF INTEREST POLICY IS REQUIRED FROM ALL NEW EMPLOYEES WHEN ONBOARDED AND FROM ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. WHEN SUCH A CONFLICT ARISES, THE TRUSTEE OR EMPLOYEE IS EXPECTED TO DISCLOSE THE EXISTENCE OF THE CONFLICT TO EITHER THE BOARD CHAIR OR THE HEAD OF SCHOOL, WHO WILL MAKE A DETERMINATION AS TO THE RESTRICTIONS TO BE IMPOSED.

FORM 990, PART VI, SECTION B, LINE 15

THE SERVICES OF A PROFESSIONAL COMPENSATION CONSULTANT WERE USED FOR THE HEAD OF SCHOOL'S INITIAL CONTRACT WHEN MS. CALLEN WAS HIRED IN 2017. IN JULY 2019, A 4-YEAR AGREEMENT COMMENCED. IN CONSULTATION WITH THE BOARD CHAIR, THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION TERMS OF THE CONTRACT AND ANALYZES BENCHMARKING DATA FROM SIMILAR SCHOOLS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL COMPENSATION TERMS FOR THE HEAD OF SCHOOL. TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS IN LINE WITH THAT OF OTHER SIMILAR SCHOOLS, THE HEAD OF SCHOOL ANNUALLY REVIEWS DATA FROM SIMILAR SCHOOLS AND DISCUSSES HER DECISION-MAKING PROCESS AND PERTINENT DATA WITH THE COMPENSATION COMMITTEE. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED.

FORM 990, PART VI, SECTION C, LINE 19

UPON REQUEST THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,165,956.

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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