2024-05-14T12:42:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 840423922 FOUNTAIN VALLEY SCHOOL OF COLORADO FOUN 7193915356 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 MEGAN HARLAN HEAD OF SCHOOL 7193915356 2024-05-13 1 MEGAN HARLAN XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-05-08 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MEGAN HARLAN 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 43884904 0 X WWW.FVS.EDU X 1930 CO A UNIQUE, GLOBAL BOARDING AND DAY SCHOOL WITH A RIGOROUS COLLEGE PREPARATORY CURRICULUM. 26 26 190 26 32302 0 7896971 4054610 12417131 13043285 2489667 867440 131451 90457 22935220 18055792 3085819 2863475 0 0 7759979 8099959 0 0 1039213 8332116 8526521 19177914 19489955 3757306 -1434163 89747285 89211180 4043586 4186025 85703699 85025155 X FOUNTAIN VALLEY SCHOOL OF COLORADO PROVIDES A TRANSFORMATIVE CURRICULUM IN A SUPPORTIVE ENVIRONMENT WHERE STUDENTS ARE CHALLENGED TO THINK CRITICALLY, BECOME LEADERS, AND LIVE BY OUR CORE VALUES: COURAGE, COMPASSION, CURIOSITY, SELF-RELIANCE, AND OPEN-MINDEDNESS. 0 0 14180292 2863475 13127912 FOUNTAIN VALLEY SCHOOL IS A COEDUCATIONAL BOARDING AND DAY SCHOOL FOR APPROXIMATELY 230 STUDENTS, GRADES 9 - 12. OUR DIVERSE STUDENT BODY HAILS FROM 20 STATES AND 20 COUNTRIES AND IS INTEGRAL TO OUR EDUCATIONAL EXPERIENCE. THE FOUNTAIN VALLEY SCHOOL PROGRAM IS RIGOROUS, ENGAGING, AND GLOBAL IN PERSPECTIVE WHILE INTENTIONALLY TAKING ADVANTAGE OF OUR UNIQUE PLACE IN THE FRONT RANGE OF THE AMERICAN WEST. FOUNTAIN VALLEY SCHOOL'S SIGNATURE PROGRAMS INCLUDE OUR UNIQUE 9TH-GRADE WESTERN CURRICULUM, THE GLOBAL/STEM SCHOLAR DIPLOMA, MEMBERSHIP IN ROUND SQUARE, INTERIM EXPEDITIONS, AND AN ATHLETIC PROGRAM FEATURING WESTERN-THEMED ACTIVITIES AND SPORTS SUCH AS ENGLISH AND WESTERN EQUESTRIAN TEAMS, MOUNTAIN BIKING, CLIMBING, AND OUTDOOR EDUCATION THAT TAKE ADVANTAGE OF OUR PLACE ON A 1,100-ACRE PRAIRIE CAMPUS SET IN THE SHADOW OF PIKES PEAK AND THE ROCKY MOUNTAINS. WE AIM TO CREATE FUTURE LEADERS WHO THINK CRITICALLY AND LIVE BY OUR CORE VALUES: COURAGE, COMPASSION, CURIOSITY, SELF-RELIANCE, AND OPEN-MINDEDNESS.SCHOLARSHIPS: 47% PERCENT OF STUDENTS RECEIVE FINANCIAL AID. IN THE 2022-2023 ACADEMIC YEAR, $2,863,475 IN BOTH MERIT AND NEED-BASED SCHOLARSHIPS WERE AWARDED. 14180292 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 63 0 1 190 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID MESKO 7193907095 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 THERESA SHEH PRESIDENT (AS OF 1/23) 1.00 X X 0 0 0 GREGORY L THATCHER PRESIDENT (THRU 1/23) 1.00 X X 0 0 0 EDWARD C EPPLER VICE PRESIDENT 1.00 X X 0 0 0 CORI J GALLES SECRETARY 1.00 X X 0 0 0 BARRY S BROWN DIRECTOR 1.00 X 0 0 0 SARAH CANNADY DIRECTOR 1.00 X 0 0 0 KELLY EUSTACE DIRECTOR 1.00 X 0 0 0 JERRY FRAUTSCHI LIFETIME TRUSTEE 1.00 X 0 0 0 HALEY GRIFFIS DIRECTOR 1.00 X 0 0 0 MARK HATCH DIRECTOR 1.00 X 0 0 0 BENJAMIN HOWE TRUSTEE (EX-OFFICIO) 1.00 X 0 0 0 EMILIE HOYT DIRECTOR 1.00 X 0 0 0 JUNIPER HUNTER DIRECTOR 1.00 X 0 0 0 FLORA JEWELL-STERN DIRECTOR 1.00 X 0 0 0 DARRELL JOHNSON DIRECTOR 1.00 X 0 0 0 DAWN JUDD DIRECTOR 1.00 X 0 0 0 STEPHEN KACZMAREK DIRECTOR 1.00 X 0 0 0 HENRY MORSE DIRECTOR 1.00 X 0 0 0 LINK NICOLL DIRECTOR 1.00 X 0 0 0 GREGORY OSBORNE DIRECTOR 1.00 X 0 0 0 DOUGLAS PATTERSON DIRECTOR 1.00 X 0 0 0 VERONIQUE RICHARDSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER SANCHEZ DIRECTOR 1.00 X 0 0 0 MARK SATHER DIRECTOR 1.00 X 0 0 0 JIM SCOTT LIFETIME TRUSTEE 1.00 X 0 0 0 DEMPSEY SIMONIS DIRECTOR 1.00 X 0 0 0 DAVIS TUTT DIRECTOR 1.00 X 0 0 0 ANDREW WATSON DIRECTOR 1.00 X 0 0 0 MAX ZHANG DIRECTOR 1.00 X 0 0 0 JANET REFIOR COFO (THRU 5/23) 40.00 X 169526 0 42989 MEGAN HARLAN HEAD OF SCHOOL 40.00 X 163903 0 52202 WILLIAM WEBB HEAD OF SCHOOL (THRU 6/22) 40.00 X 143458 0 37023 RAFAEL MUCINO ASST. HEAD OF SCHOOL 40.00 X 116909 0 54623 LINDSEY RATLIFF ADMISSIONS DIRECTOR 40.00 X 107629 0 40950 701425 0 227787 5 0 1 0 IICON CONSTRUCTION GROUP LLC 76 S SIERRA MADRE STE L COLORADO SPRINGS CO 80903 CONSTRUCTION 3594324 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 1839973 THE VERDIN COMPANY 444 READING ROAD CINCINNATI OH 45202 CONSTRUCTION 450000 INFINITE DOORS LLC 11055 GRENADIER DR WOODLAND PARK CO 80863 CONSTRUCTION 142818 DAVID JEREMY LACASSE 110 WOODBURY ROAD WATERTOWN CT 06795 EXECUTIVE DIRECTOR OF GCLI 110200 5 4054610 1053947 4054610 TUITION & FEES 611110 12538350 12538350 GCLI PROGRAM REVENUE 611110 195185 195185 RIDING PROGRAM 611110 84921 84921 HEALTH CENTER 621111 16406 16406 ATHLETICS 711211 3239 3239 205184 205184 13043285 514564 29702 484862 125031 37804 87227 87227 84627 2600 26125468 25772592 352876 352876 352876 21946 18716 3230 3230 18055792 13127912 32302 840968 2516128 2516128 347347 347347 568504 568504 5913305 3961131 1471754 480420 373340 218219 135963 19158 1244810 695421 488338 61051 96406 96406 97176 97176 224732 23460 179044 22228 262462 262462 72731 35066 37665 118569 6649 105619 6301 1120362 850593 269769 264913 101588 15683 147642 2365958 2132878 233080 585721 547368 38353 FOOD EXPENSE 1726255 1722366 3889 SCHOOL EXPENSE 1004719 688768 297360 18591 MEMBERSHIPS 192662 146918 38827 6917 MISC. 142168 19580 108145 14443 251687 166812 84875 19489955 14180292 4270450 1039213 2333725 1610335 2877718 2039898 2782939 2447813 181149 67615 197427 208778 79443846 40190555 36344241 39253291 38610316 34625800 4412793 6894187 2006977 2063463 89747285 89211180 1178353 992757 2813599 3137782 51634 55486 4043586 4186025 X 47906648 47092983 37797051 37932172 85703699 85025155 89747285 89211180 -1434163 1503930 -748311 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 80915 0 41070799 211407 1923834 677514 42528526 47958894 150847 -6143250 895692 41070799 37349533 5053013 11850963 6294615 47958894 45814200 130832 688433 9283932 37349533 51062549 3798947 2025496 11072792 45814200 0.21854 0.59923 0.18223 1 0 69050 69050 62453157 31757374 30695783 6959218 3151986 3807232 6154663 5281195 873468 3807758 3807758 39253291 MORTGAGE BACKED SECURITIES 2018590 C DOMESTIC EQUITY SECURITIES 4875597 C 6894187 GIFT ANNUITY OBLIGATIONS 55486 55486 X 16752767 1503930 56520 1560450 15192317 2863475 2863475 18055792 16683000 56520 56520 16626480 2863475 2863475 19489955 PART V, LINE 4: THE FOUNTAIN VALLEY SCHOOL'S ENDOWMENT FUNDS ARE RESTRICTED PERMANENTLY OR TEMPORARILY BY DONOR INTENT AS TO PURPOSE OR TIME LIMITATION, AND ARE ACCOUNTED FOR AS SUCH IN THE BOOKS OF ACCOUNTS OF THE SCHOOL. THE DEVELOPMENT DIRECTOR OF THE SCHOOL IS PRIMARILY RESPONSIBLE FOR THIS DETERMINATION AFTER CONSULTATION WITH THE DONOR AS DOCUMENTED BY THE GIFT DECREE. THIS IS IN TURN PROVIDED TO THE BUSINESS OFFICE OF THE SCHOOL WHERE THE CFO CONFIRMS INTENT AND ACCOUNTS FOR THE GIFT ACCORDING TO GAAP. ENDOWMENT FUNDS OF THE SCHOOL ARE GENERALLY ORGANIZED TO PROVIDE FOR PROGRAM NEEDS, FACULTY DEVELOPMENT, AND FINANCIAL AID. THE BOARD OF TRUSTEES MAY INTERNALLY RESTRICT DONOR UNRESTRICTED GIFTS AS QUASI-ENDOWMENT IN THE BEST INTERESTS OF THE SCHOOL AS DETERMINED BY THE STRATEGIC PLAN. THE BOARD AUTHORIZED SPENDING POLICY IS AN ANNUAL DRAW FROM THE ENDOWMENT LIMITED TO 5.5% OF THE VALUATION OF TOTAL ENDOWMENT FUNDS BASED ON A TRAILING TWENTY QUARTER AVERAGE. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE DRAW WAS 4.9% AND 5.0%, RESPECTIVELY. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAX AS DETERMINED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE SCHOOL IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. AS OF JUNE 30, 2023 AND 2022, THE SCHOOL BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL BELIEVES THAT IT HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH AND HAS PROPERLY MAINTAINED, ITS TAX-EXEMPT STATUS, AND THAT IT HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 37,804. COGS 18,716. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,863,475. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 37,804. COGS 18,716. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,863,475. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT THAT THE FOUNTAIN VALLEY SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, GENDER OR NATIONAL ORIGIN IS POSTED IN THE RECEPTION AREA, ANNUALLY IN THE DENVER POST, AND IS INCLUDED IN RECOMMENDATION FORMS, ETC. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS 35000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS 61000 SOUTH AMERICA 0 0 SCHOLARSHIPS 2647 SOUTH ASIA 0 0 SCHOLARSHIPS 226700 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS 22000 NORTH AMERICA 0 0 CONTRIBUTIONS RECEIVED EAST ASIA AND THE PACIFIC 0 0 CONTRIBUTIONS RECEIVED 0 0 0 0 0 0 347347 0 347347 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 35000 APPLIED TO STUDENT ACCOUNT 0 NEED BASED FINANCIAL AID FMV SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 4 61000 APPLIED TO STUDENT ACCOUNT 0 NEED BASED FINANCIAL AID FMV SCHOLARSHIPS SOUTH AMERICA 6 2647 APPLIED TO STUDENT ACCOUNT 0 NEED BASED FINANCIAL AID FMV SCHOLARSHIPS SOUTH ASIA 7 226700 APPLIED TO STUDENT ACCOUNT 0 NEED BASED FINANCIAL AID FMV SCHOLARSHIPS SUB-SAHARAN AFRICA 1 22000 APPLIED TO STUDENT ACCOUNT 0 NEED BASED FINANCIAL AID FMV 0 0 0 0 0 0 PART I, LINE 2: FINANCIAL AID IS A DIRECT REDUCTION IN TUITION. NO CASH IS PAID TO STUDENTS OR FAMILIES. FINANCIAL AID AT FOUNTAIN VALLEY SCHOOL IS BOTH MERIT-BASED AND NEED-BASED. FINANCIAL AID APPLICATIONS ARE INITIALLY PROCESSED THROUGH A 3RD PARTY VENDOR USING SPECIFIC CRITERIA. FOUNTAIN VALLEY STAFF MAKE THE FINAL AWARD DECISION. WE KEEP THE APPLICATION AND TAX RETURNS ON FILE WHILE THE STUDENT IS ENROLLED. PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 84 2516128 0 N/A N/A PART I, LINE 2: THE SCHOLARSHIPS ARE DIRECT REDUCTIONS IN TUITION. NO CASH IS PAID TO STUDENTS OR FAMILIES. STUDENTS ARE SELECTED BY BLIND FINANCIAL NEEDS. SCHOLARSHIP APPLICATIONS ARE INITIALLY PROCESSED THROUGH A 3RD PARTY VENDOR USING A SPECIFIC SET OF CRITERIA FOR SELECTION. FOUNTAIN VALLEY STAFF MAKE THE FINAL AWARD DECISION FROM THAT LIST. WE KEEP THE APPLICATION AND TAX RETURNS ON FILE WHILE THE STUDENT IS ENROLLED. THE 3RD PARTY VENDOR ALSO KEEPS A COPY OF THE RECORDS. SCHOLARSHIP AWARDS ARE ALSO RECORDED IN OUR ERP SYSTEM AS WELL AS SEVERAL SPREADSHEETS. X X X X 0 1 X X X X 0 0 0 0 0 0 0 0 0 MEGAN HARLAN HEAD OF SCHOOL 163903 0 0 0 0 0 12000 0 40202 0 216105 0 0 0 JANET REFIOR COFO (THRU 5/23) 169526 0 0 0 0 0 13668 0 29321 0 212515 0 0 0 WILLIAM WEBB HEAD OF SCHOOL (THRU 6/22) 143458 0 0 0 0 0 10608 0 26415 0 180481 0 0 0 RAFAEL MUCINO ASST. HEAD OF SCHOOL 116909 0 0 0 0 0 10200 0 44423 0 171532 0 0 0 PART I, LINE 1A OUR HEAD OF SCHOOL, MEGAN HARLAN, LIVES ON CAMPUS AND THE HOUSE IS CLEANED BY THE FOUNTAIN VALLEY CUSTODIAL STAFF. MS. HARLAN HAS A DISCRETIONARY SPENDING ACCOUNT OF $10,000. THE DISCRETIONARY SPENDING ACCOUNT IS USED FOR HEAD OF SCHOOL TRAVEL, DEPARTMENT MEALS, AND TO OFFSET STUDENT EXPERIENTIAL LEARNING COSTS. THE FAIR MARKET VALUE OF THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION. X 21 1053947 DAILY MEAN 0 0 1 0 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF DONORS. SCHEDULE M, LINE 31 THE GIFT REVIEW COMMITTEE REVIEWS EVERY PROSPECTIVE GIFT TO FOUNTAIN VALLEY SCHOOL, OTHER THAN CASH OR MARKETABLE SECURITIES. THE GIFT REVIEW COMMITTEE WILL EVALUATE THE APPROPRIATENESS OF FOUNTAIN VALLEY SCHOOL ACCEPTING THE PROPOSED GIFT, ALWAYS USING AS THE PRIMARY DETERMINING FACTOR THE BEST INTERESTS OF FOUNTAIN VALLEY SCHOOL. IN REVIEWING PROPOSED GIFTS, THE GIFT REVIEW COMMITTEE WILL DETERMINE THE APPROPRIATE DISPOSITION OF THE GIFT BASED ON FOUNTAIN VALLEY SCHOOL'S NEEDS AND ITS ABILITY TO RECEIVE, MANAGE, OR ADMINISTER THE GIFT EFFECTIVELY. THE GIFT REVIEW COMMITTEE WILL THEN MAKE A RECOMMENDATION TO THE BOARD FOR FINAL APPROVAL OF GIFTS (OTHER THAN CASH OR MARKETABLE SECURITIES). FOR SUITABILITY, THE GIFT REVIEW COMMITTEE WILL ALSO BE THE REVIEWING BODY OF ANY GIFTS THAT FALL OUTSIDE THE NORMAL SCOPE OF GIFTS INCLUDING, BUT NOT LIMITED TO, LAND, ARTWORK, OR OTHER NON-CASH GIFTS. FORM 990, PART VI, SECTION A, LINE 1A DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES TO THE EXTENT THAT THE BOARD OF TRUSTEES HAS DELEGATED ISSUES TO THE EXECUTIVE COMMITTEE, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT APPOINT TRUSTEES, HIRE OR DISCHARGE THE HEAD OF SCHOOL OR SELL OR MORTGAGE SCHOOL LANDS, WITHOUT SPECIFIC AUTHORIZATION FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY PREPARER WITH A DETAILED REVIEW BEING COMPLETED BY THE CFO OR OTHER SELECTED ADMINISTRATORS OF THE ORGANIZATION. AFTER A SECONDARY REVIEW IS PERFORMED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FORM 990 A IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY STATEMENT IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES AT THE FIRST MEETING OF THE FISCAL YEAR. A DISCUSSION OF THE CONFLICT OF INTEREST POLICY IS FOLLOWED BY A QUESTION AND ANSWER TIME. ALL TRUSTEES ARE REQUIRED TO SIGN AND SUBMIT THE STATEMENT ANNUALLY. QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST ARE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND DECISION, AND MAY BE BROUGHT BEFORE THE ENTIRE BOARD FOR DISCUSSION AS DEEMED NECESSARY BY THE EXECUTIVE COMMITTEE. CONCERNS ABOUT POTENTIAL CONFLICTS, RAISED BY ORGANIZATION STAFF, ARE DIRECTED THROUGH THE HEAD OF SCHOOL TO THE BOARD OF TRUSTEES. CONCERNS REGARDING A CONFLICT OF INTEREST REQUIRE A BOARD MEMBER TO RECUSE THEMSELVES FROM VOTING ON THE ISSUE IN CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DIRECTLY HIRES THE HEAD OF SCHOOL AND DETERMINES THE COMPENSATION PACKAGE. MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR NEGOTIATING COMPENSATION OF THE HEAD OF SCHOOL OR MAY DELEGATE SOME ASPECTS TO THE HEAD OF SCHOOL SEARCH COMMITTEE. HEAD OF SCHOOL COMPENSATION IS DETERMINED BASED ON QUALIFICATIONS AND EXPERIENCE AS MEASURED AGAINST THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL NORMS AND CONSULTATION WITH CONSULTANTS FAMILIAR WITH INDEPENDENT SCHOOLS. A WRITTEN CONTRACT (HEAD OF SCHOOL'S CONTRACT) OF DUTIES AND RESPONSIBILITIES ALONG WITH SALARY AND BENEFITS IS PROVIDED EACH YEAR AFTER THE ANNUAL PERFORMANCE REVIEW. THE CFO IS HIRED BY THE HEAD OF SCHOOL UNDER THE ADVICE AND CONSENT OF THE BOARD OF TRUSTEES. THE CFO RECEIVES A WRITTEN CONTRACT WHICH DELINEATES DUTIES AND RESPONSIBILITIES ALONG WITH SALARY AND RELATED BENEFITS. BENEFITS RECEIVED ARE THE SAME PACKAGE AS PROVIDED TO OTHER EMPLOYEES OF THE SCHOOL. COMPENSATION IS DETERMINED BASED ON QUALIFICATIONS AND EXPERIENCE AND CONSULTATION WITH CONSULTANTS FAMILIAR WITH INDEPENDENT SCHOOLS. THE LAST REVIEW OF KEY EMPLOYEE COMPENSATION OCCURRED IN MAY 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.