Return Reference | Explanation |
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Form 990, Part VI, Section B, line 11b | Form 990 is reviewed by the governing body before it is filed with the IRS. |
Form 990, Part VI, Section B, line 12c | Board members and Officers of the organization are asked to voluntarily disclose any conflicts of interest as they arise. |
Form 990, Part VI, Section B, line 15 | The compensation committee of the Board reviews the salary schedules each year, approves compensation for the Executive Director, and the budget that includes all expected compensation for the year. A similar process is followed to determine the compensation of other Officers. |
Form 990, Part VI, Section C, line 19 | Annual financial audit reports are made available on the School's website. Additional requests may be submitted in writing at the physical address indicated on page 1 of Form 990. |
Form 990, Part VII, Compensation Explanation: | The teacher and staff members reported on Part VII are employed full-time as faculty or staff of NYOS. They cannot vote on Board matters pertaining to their own compensation or serve on the compensation committee, and they do not receive any compensation for their time spent serving on the Board of Directors. |
Form 990, Part XI, line 9: | Change in fair value of interest rate swap 144,070. |
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