TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202420529349301017 - Submission: 2024-02-21 TIN: 22-6044616

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

2022

Open to Public
Inspection

Name of the organization

ALEXANDER DAWSON FOUNDATION

Employer identification number

22-6044616

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	THE FOUNDATION DOESN'T HAVE EMPLOYEES TO OPERATE THE FOUNDATION BUT RATHER USES THE EMPLOYEES OF ALEXANDER DAWSON, INC. TO MANAGE AND HANDLE ADMINISTRATIVE DUTIES.
FORM 990, PART VI, SECTION B, LINE 11B	THE RETURN IS PREPARED FROM DATA GENERATED FROM THE AUDIT AND WITH ADDITIONAL INFORMATION PROVIDED BY THE ORGANIZATION. THE CFO AND TRUSTEES REVIEW THE RETURN PREPARED BY THE TAX FIRM PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	EACH TRUSTEE IS REQUIRED TO ANNUALLY CERTIFY TO THE CONFLICT-OF-INTEREST POLICY. ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN "INTERESTED PERSON." IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. COMPENSATION OF TRUSTEES IN ACCORDANCE WITH THE FOUNDATION'S COMPENSATION POLICY SHALL NOT CONSTITUTE A CONFLICT OF INTEREST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRMAN OF THE FOUNDATION OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
FORM 990, PART VI, SECTION B, LINE 15B	DETERMINING COMPENSATION FOLLOWS A STUDY OF COMPARABLE DATA, COST OF LIVING, AND OTHER DATA. COMPENSATION IS A LARGE COMPONENT OF THE BUDGETING PROCESS AND IS DISCUSSED IN COMMITTEE. EACH SCHOOL'S FINANCE COMMITTEE COMPLETES AN ANALYSIS OF COMPENSATION FOR ALL EMPLOYEES AND KEY EMPLOYEES DURING THE ANNUAL OPERATING BUDGET PROCESS. THE SCHOOLS COMPARE COMPENSATION AGAINST OTHER SCHOOLS IN THE AREA AND OTHER INDEPENDENT SCHOOLS AND STUDY COST OF LIVING DATA, ETC. THE SCHOOLS' FINANCE COMMITTEES THEN MAKE A RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL REQUESTING APPROVAL FOR THE NEXT SCHOOL YEAR. THE RESOLUTION IS RECORDED IN THE BOARD MINUTES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ORGANIZATIONAL DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
FORM 990, PART XII, LINE 2C:	THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 3

THE FOUNDATION DOESN'T HAVE EMPLOYEES TO OPERATE THE FOUNDATION BUT RATHER USES THE EMPLOYEES OF ALEXANDER DAWSON, INC. TO MANAGE AND HANDLE ADMINISTRATIVE DUTIES.

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

THE RETURN IS PREPARED FROM DATA GENERATED FROM THE AUDIT AND WITH ADDITIONAL INFORMATION PROVIDED BY THE ORGANIZATION. THE CFO AND TRUSTEES REVIEW THE RETURN PREPARED BY THE TAX FIRM PRIOR TO FILING.

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

EACH TRUSTEE IS REQUIRED TO ANNUALLY CERTIFY TO THE CONFLICT-OF-INTEREST POLICY. ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN "INTERESTED PERSON." IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. COMPENSATION OF TRUSTEES IN ACCORDANCE WITH THE FOUNDATION'S COMPENSATION POLICY SHALL NOT CONSTITUTE A CONFLICT OF INTEREST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRMAN OF THE FOUNDATION OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.

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

DETERMINING COMPENSATION FOLLOWS A STUDY OF COMPARABLE DATA, COST OF LIVING, AND OTHER DATA. COMPENSATION IS A LARGE COMPONENT OF THE BUDGETING PROCESS AND IS DISCUSSED IN COMMITTEE. EACH SCHOOL'S FINANCE COMMITTEE COMPLETES AN ANALYSIS OF COMPENSATION FOR ALL EMPLOYEES AND KEY EMPLOYEES DURING THE ANNUAL OPERATING BUDGET PROCESS. THE SCHOOLS COMPARE COMPENSATION AGAINST OTHER SCHOOLS IN THE AREA AND OTHER INDEPENDENT SCHOOLS AND STUDY COST OF LIVING DATA, ETC. THE SCHOOLS' FINANCE COMMITTEES THEN MAKE A RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL REQUESTING APPROVAL FOR THE NEXT SCHOOL YEAR. THE RESOLUTION IS RECORDED IN THE BOARD MINUTES.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ORGANIZATIONAL DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.

FORM 990, PART XII, LINE 2C:

THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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