2021-05-17T12:50:10-05:00 2020-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2019-07-01 941218745 ROBERT LOUIS STEVENSON SCHOOL ROBE 8316258300 3152 FOREST LAKE ROAD PEBBLE BEACH CA 93953 EDWARD DIYANNI CFO 8316258300 2021-05-14 1 KATY BROWN P00650274 9257902600 2021-05-13 2019 2022-09-23 18:48:47Z EDWARD DIYANNI 3152 FOREST LAKE ROAD PEBBLE BEACH CA 93953 60961579 0 X WWW.STEVENSONSCHOOL.ORG X 1952 CA STEVENSON IS AN INDEPENDENT, CO-EDUCATIONAL, NONDENOMINATIONAL PRE-K TO 12 (CONTINUE ON SCH 0)BOARDING & DAY SCHOOL COMMITTED TO THREE AIMS:1. TO PREPARE STUDENTS FOR SUCCESS IN SCHOOL AND LIFE BEYOND SCHOOL;2. TO FOSTER THEIR PASSION FOR LEARNING AND ACHIEVEMENT;3. TO HELP THEM SHAPE A JOYFUL LIFE 20 20 366 200 6915 6040 3857701 5764992 35183985 33964435 1190273 675875 86256 95907 40318215 40501209 6237459 6843750 0 0 20758963 21474766 0 0 2283685 12643872 11662846 39640294 39981362 677921 519847 122835369 122648077 37220511 36777617 85614858 85870460 BOARDING & DAY SCHOOL COMMITTED TO THREE AIMS:1. TO PREPARE STUDENTS FOR SUCCESS IN COLLEGE AND LIFE BEYOND SCHOOL;2. TO FOSTER THEIR PASSION FOR LEARNING AND ACHIEVEMENT;3. TO HELP THEM SHAPE A JOYFUL LIFE. 0 0 29103051 6843750 33964435 STEVENSON SCHOOL IS A PRIVATE PRE-K THROUGH 12 BOARDING SCHOOL LOCATED TWO CAMPUSES ON THE MONTEREY PENINSULA. FOR THE FISCAL YEAR 2020, THE SCHOOL SERVED 727 STUDENTS AND GRADUATED 122 STUDENTS IN THE CLASS OF 2020. 29103051 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 97 0 1 366 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X EDWARD F DIYANNI CFO 8316258300 3152 FOREST LAKE PEBBLE BEACH CA 93953 DAVID D COLBURN BOARD CHAIR 1.00 X X 0 0 0 THOMAS F MORAN VICE BOARD CHAIR 1.00 X X 0 0 0 CYNTHIA B CHAPMAN SECRETARY 1.00 X X 0 0 0 DAVID S ROSEN TREASURER 1.00 X X 0 0 0 WILLIAM L PEROCCHI TRUSTEE (THROUGH 6/20) 1.00 X 0 0 0 MARY K ABERCROMBIE TRUSTEE (THROUGH 6/20) 1.00 X 0 0 0 MADELEINE DEININGER TRUSTEE 1.00 X 0 0 0 W BREWSTER ELY IV TRUSTEE 1.00 X 0 0 0 RON JOHNSON TRUSTEE (START 7/19) 1.00 X 0 0 0 MARK R HORNBERGER TRUSTEE 1.00 X 0 0 0 DR MICHAEL L JACKSON TRUSTEE 1.00 X 0 0 0 JENNIFER KIRK TRUSTEE 1.00 X 0 0 0 VINCENT WH MA TRUSTEE 1.00 X 0 0 0 STEVEN A MERKSAMER TRUSTEE 1.00 X 0 0 0 PETER NIELSEN TRUSTEE 1.00 X 0 0 0 STEVEN PACKER TRUSTEE 1.00 X 0 0 0 STEFANIE SKINNER TRUSTEE (THROUGH 6/20) 1.00 X 0 0 0 STEVEN C ZAHM TRUSTEE 1.00 X 0 0 0 TOM ORRADRE TRUSTEE (START 9/19) 1.00 X 0 0 0 SUSAN SWICK TRUSTEE (START 12/19) 1.00 X 0 0 0 DR KEVIN M HICKS PRESIDENT 40.00 X 502489 0 160288 EDWARD DIYANNI CFO 40.00 X 269774 0 117133 MOLLY BUNNELL-BOZZO HEAD OF LOWER-MIDDLE 40.00 X 193431 0 158146 DANIEL GRIFFITHS HEAD OF UPPER DIVISION 40.00 X 175064 0 147743 KILIAN FORGUS DIR OF ADMISSIONS 40.00 X 169907 0 158997 AMY ELMORE DIR OF ADVANCEMENT 40.00 X 170268 0 128104 ERIK OLSON DEAN OF STUDENTS 40.00 X 162312 0 137130 ALLYN WENZEL DIRECTOR OF TECH 40.00 X 135886 0 61117 NATHAN GAULT CHIEF INFORMATION OFFICER 40.00 X 189437 0 39912 1968568 0 1108570 26 0 1 0 FLIK INDEPENDENT SCHOOL DINING PO BOX 50196 LOS ANGELES CA 900740196 DINING SERVICES 2596153 VALLEY PRECISION GRADING 3330 LUYUNG DRIVE RANCHO CORDOVA CA 95742 CONSTRUCTION 1694050 ME SOUZA CONSTRUCTION INC PO BOX 1882 MONTEREY CA 93942 CONSTRUCTION 1484821 ASTRTURF CORPORATION 4647 E WEATHERMAKER AVE STE 102 FRESNO CA 93703 CONSTRUCTION 388500 AMS NET INC PO BOX 4933 HAYWARD CA 94540 IT SERVICES 369973 9 5764992 181768 5764992 TUITION, ROOM, & BOARD 611110 33461059 33461059 SUMMER SESSION 611110 264387 264387 OTHER PROGRAM REVENUE 611110 238989 238989 33964435 1300480 -925 1301405 236519 228679 7840 7840 7840 19543795 20168400 -624605 -624605 -624605 83739 63291 20448 20448 CONCESSIONS 900099 67619 67619 67619 40501209 33964435 6915 764867 6843750 6843750 487500 24375 316875 146250 14552048 8062596 5213341 1276111 1651700 1327967 284092 39641 3708122 2981522 638154 88446 1075396 578255 395436 101705 153862 153862 97100 97100 125353 125353 82665 2855 79810 595676 79459 98105 418112 679074 665758 9721 3595 1915740 1771069 125514 19157 623844 576733 40873 6238 2849920 2634702 186719 28499 675367 624365 44248 6754 FOOD SERVICES 1706279 1563369 123986 18924 INSTRUCTIONAL 1020620 844399 176221 OTHER OPERATING 516921 101332 305468 110121 TRAINING/ENRICHMENT 289381 164155 105094 20132 331044 256390 74654 39981362 29103051 8594626 2283685 984735 408114 3594538 2386792 2273714 2645638 222651 560405 548732 311393 113503743 44730661 67315290 68773082 39902417 37147232 6523378 8945507 1469914 1469914 122835369 122648077 1135936 724229 5780387 2394432 28305149 28317145 3335640 1999039 2006171 37220511 36777617 X 62237837 61400931 23377021 24469529 85614858 85870460 122835369 122648077 519847 -264245 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 113610 X X 0 20151239 1416037 118756 1032041 20653991 19549757 330265 923205 651988 20151239 24251480 248548 1870903 732728 25638203 22819120 198795 1836005 602440 24251480 22327056 906394 254791 669121 22819120 0.76350 0.23660 0 0 6638792 6638792 78497141 31813065 46684076 7971488 4325045 3646443 8277863 5682048 2595815 12118459 2910503 9207956 68773082 REAL ESTATE INVESTMENT TRUSTS 2219065 C REAL ESTATE HELD FOR INVESTMENT 2480692 F INVEST. MEASURED AT NET ASSET VALUE 4245750 F 8945507 REFUNDABLE DEPOSITS 1717236 AGENCY FUNDS 154016 DEFERRED COMPENSATION 134919 2006171 X 33579350 -264245 186136 -78109 33657459 6843750 6843750 40501209 33323748 186136 186136 33137612 6843750 6843750 39981362 PART III, LINE 4: THE ART AND RARE BOOK COLLECTION IS USED FOR DECORATION IN KEY BUILDINGS AROUND CAMPUS AND TO FURTHER STUDENTS AND THE COMMUNITY'S KNOWLEDGE AND APPRECIATION OF THE CULTURE, HISTORY, AND TRADITIONS OF THE SCHOOL, IT'S NAMESAKE, AND THE GEOGRAPHIC AREA IN WHICH IT IS LOCATED. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING FINANCIAL AID, FACULTY ENRICHMENT, AND GENERAL OPERATIONS. THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2020, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL RENTAL EXPENSES 186,136. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,843,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL RENTAL EXPENSES 186,136. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,843,750. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN REVENUE RULING 2019-22. 1 FINANCIAL AID 251 0 6843750 FMV DIRECT CREDIT TO STUDENTS ACCOUNT PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL AND STUDENT SERVICES OF NAIS("SSS"). THE FORM IS THEN SUBMITTED TO SSS AND SSS THEN MAKES A RECOMMENDATION TO THE SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. FINANCIAL AID AT THE SCHOOL IS AWARDED BASED ON A FAMILY'S DEMONSTRATED FINANCIAL NEED. A STUDENT SHOULD NEVER BE AWARDED AID IN EXCESS OF HIS/HER NEED, AS ASSESSED BY THE FINANCIAL AID COMMITTEE AFTER UTILIZING ALL AVAILABLE INFORMATION. X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 DR KEVIN M HICKS PRESIDENT 463239 0 25000 0 14250 0 49800 0 110488 0 662777 0 0 0 EDWARD DIYANNI CFO 269774 0 0 0 0 0 41408 0 75725 0 386907 0 0 0 MOLLY BUNNELL-BOZZO HEAD OF LOWER-MIDDLE 193431 0 0 0 0 0 20548 0 137598 0 351577 0 0 0 DANIEL GRIFFITHS HEAD OF UPPER DIVISION 175064 0 0 0 0 0 20548 0 127195 0 322807 0 0 0 KILIAN FORGUS DIR OF ADMISSIONS 169907 0 0 0 0 0 18849 0 140148 0 328904 0 0 0 AMY ELMORE DIR OF ADVANCEMENT 170268 0 0 0 0 0 19503 0 108601 0 298372 0 0 0 ERIK OLSON DEAN OF STUDENTS 162312 0 0 0 0 0 17132 0 119998 0 299442 0 0 0 ALLYN WENZEL DIRECTOR OF TECH 135886 0 0 0 0 0 15983 0 45134 0 197003 0 0 0 NATHAN GAULT CHIEF INFORMATION OFFICER 189437 0 0 0 0 0 10148 0 29764 0 229349 0 0 0 PART I, LINE 1A THE VALUE OF THE HOUSING IS EXCLUDED UNDER SECTION 119(D) AND INCLUDED IN THE REPORTING OF NON-TAXABLE BENEFITS FOR THE FOLLOWING MEMBERS. KEVIN HICKS $66,000 MOLLY BUNNELL BOZZO $52,800 DANIEL GRIFFITHS $55,400 KILIAN FORGUS $55,400 AMY ELMORE $33,000 ERIK OLSON $50,000 ALLYN WENZEL $33,000 PART I, LINE 4B KEVIN HICKS, THE SCHOOL'S PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE ORGANIZATION'S CONTRIBUTION FOR 2019 WAS $19,000. PART I, LINE 7 THE PRESIDENT IS ELIGIBLE ANNUALLY FOR A NON-FIXED BONUS WHICH IS APPROVED BY THE BOARD'S COMPENSATION COMMITTEE BASED ON THE ACHIEVEMENT OF SPECIFIC ESTABLISHED GOALS AND OBJSECTIVES SUCH AS: - ENROLLMENT TARGETS - FUNDRAISING TARGETS - KEY OPERATING BUDGET METRICS INCLUDING OVERALL REVENUE, EXPENSES MANAGEMENT, BOTTOM LINE SURPLUS, ETC. A CA ENTERPRISE DEVELOP AUTHORITY 352273601 2016-09-22 14250000 CURR REFUNDING ISSUE 2001,2011 0 0 0 B CA ENTERPRISE DEVELOP AUTHORITY 352273601 2016-09-22 14250000 CURR REFUNDING ISSUE 2001,2011 0 0 0 A 91428 14250000 100000 14150000 2000 1 0 1 1 B 91428 14250000 100000 14150000 2000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 GK BAUM 7.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 GK BAUM 7.000000000000 0 0 0 0 1 A 1 B 1 ADDITONAL INFORMATION: 2016 BONDS ISSUED FOR CURRENT TOTAL REFUNDING OF 2001 AND 2011 BONDS. CORNELIA HOLDEN FAMILY MEMBER OF KEVIN HICKS 94136 EMPLOYMENT 0 CORNELIA HOLDEN DBA MINDFUL WARRIORS FAMILY MEMBER OF KEVIN HICKS 52303 CONSULTING 0 X 9 125253 FMV X OTHER 1 34516 FMV X 1991 CERAMIC SCULPTURE 1 14950 FMV X PLANTS 1 7049 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY PROFESSIONAL, INDEPENDENT ACCOUNTANTS. THE BOARD OF TRUSTEES DELEGATED THE REVIEW OF FORM 990 TO THE AUDIT COMMITTEE, MEMBERS OF WHICH HAVE PRACTICAL AND/OR PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, ACCOUNTING, AND FEDERAL TAX LAW GOVERNING EXEMPT ORGANIZATIONS. THIS COMMITTEE REVIEWED THE FORM 990 PREPARED BY THE ORGANIZATION'S PROFESSIONAL, INDEPENDENT ACCOUNTANTS. PRIOR TO THE ORGANIZATION SUBMITTING FORM 990 TO THE IRS, THE COMMITTEE REPORTED TO THE BOARD OF TRUSTEES THAT THE COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE FORM 990 WAS COMPLETE, ACCURATE, AND CORRECT, AND A COPY OF THE RETURN WAS PROVIDED FOR EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE AMENDED AND RESTATED BYLAWS OF THE CORPORATION (APPROVED 10/10/2008) AT ARTICLE IX, SECTION 4 PROVIDE: "NO TRUSTEE OF THIS CORPORATION NOR ANY OTHER CORPORATION, FIRM, ASSOCIATION, OR OTHER ENTITY IN WHICH ONE OR MORE OF THIS CORPORATION'S TRUSTEES ARE DIRECTORS, OFFICERS OR HAVE A MATERIAL FINANCIAL INTEREST, SHALL BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT OR TRANSACTION WITH THIS CORPORATION, UNLESS (A) THE MATERIAL FACTS REGARDING THAT TRUSTEE'S FINANCIAL INTEREST IN SUCH CONTRACT OR TRANSACTION OR REGARDING SUCH COMMON DIRECTOR RELATIONSHIP OR OFFICER RELATIONSHIP ARE FULLY DISCLOSED IN GOOD FAITH AND NOTED IN THE MINUTES, OR ARE KNOWN TO ALL MEMBERS OF THE BOARD PRIOR TO THE BOARD'S CONSIDERATION OF SUCH CONTRACT OR TRANSACTION; (B) SUCH CONTRACT OR TRANSACTION IS AUTHORIZED IN GOOD FAITH BY A MAJORITY OF THE BOARD BY A VOTE SUFFICIENT FOR THAT PURPOSE WITHOUT COUNTING THE VOTES OF THE INTERESTED TRUSTEES; (C) BEFORE AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERS AND IN GOOD FAITH DECIDES AFTER REASONABLE INVESTIGATION THAT THE CORPORATION COULD NOT OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES; AND (D) THE CORPORATION FOR ITS OWN BENEFIT ENTERS INTO THE TRANSACTION, WHICH IS FAIR AND REASONABLE TO THE CORPORATION AT THE TIME THE TRANSACTION IS ENTERED INTO." EACH OF THE REQUIREMENTS RELATED TO BOARD DISCLOSURE, AUTHORIZATION, INVESTIGATION AND BENEFIT ANALYSIS AS DESCRIBED IN THE FOREGOING BYLAW PROVISION ARE COMPLIED WITH IN ALL INSTANCES REGARDING CONFLICTS OF INTEREST AND PERMANENTLY NOTED IN THE MINUTES OF THE BOARD OF TRUSTEES. THE BUSINESS OFFICE MONITORS KEY PRINCIPALS AND PERSONNEL INVOLVED IN ALL CONTRACTS AND TRANSACTIONS ENTERED INTO BY THE SCHOOL. ANY SITUATIONS WHICH ARE OR MIGHT BE CONSIDERED A CONFLICT OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE SCHOOL PRESIDENT, BOARD CHAIRMAN AND GENERAL COUNSEL FOR APPROPRIATE CONSIDERATION, DISPOSITION, DISCLOSURE AND APPROVAL IN ACCORDANCE WITH THE SCHOOL'S POLICIES AND PROCEDURES. EFFECTIVE FEBRUARY 18, 2011, THE BOARD OF TRUSTEES OF THE SCHOOL APPROVED A RESOLUTION PROHIBITING THE SCHOOL FROM ENTERING INTO ANY NEW TRANSACTIONS WITH TRUSTEES WHEN SERVING IN OFFICE (AND CONCLUDING EXISTING TRANSACTIONS WITH TRUSTEES PRIOR TO 6-30-11) IN WHICH A TRUSTEE HOLDS ANY MATERIAL FINANCIAL INTEREST EXCEPT FOR COMPENSATION CONTRACTS AND TRANSACTIONS IN THE ORDINARY COURSE OF BUSINESS WITH EMPLOYEES OF THE SCHOOL WHO ARE ALSO TRUSTEES, CONTRACTS AND TRANSACTIONS IN WHICH SERVICES ARE PROVIDED TO THE SCHOOL WITHOUT ANY FEE PAID OR ECONOMIC BENEFIT PROVIDED IN RETURN AND PURCHASE AND LEASE AGREEMENTS FOR GOODS OR PROPERTY PROVIDED TO THE SCHOOL AT OR BELOW FAIR MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 15 15A: THE COMPENSATION OF THE SCHOOL'S PRESIDENT IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE MADE UP OF INDEPENDENT MEMBERS AND SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. IN THIS REGARD, THE COMMITTEE REVIEWS THE SCHOOL'S PERFORMANCE IN KEY OPERATING AREAS AGAINST ESTABLISHED GOALS AND OBJECTIVES AND DISCUSSES THE RESULTS WITH THE SCHOOL'S CHIEF FINANCIAL OFFICER. IN ADDITION, THE COMMITTEE RECEIVES A "SAFE HARBOR LETTER" FROM AN INDEPENDENT AND HIGHLY REGARDED COMPENSATION EXPERT WHOSE DATABASE OF INFORMATION INCLUDES APPLICABLE COMPARABILITY DATA FOR OTHER PEER SCHOOLS. THE COMMITTEE ANALYZES AND DISCUSSES THIS DATA AS WELL AS THE SCHOOL'S OPERATING PERFORMANCE, DOCUMENTS THEIR CONCLUSIONS AND MAKES A RECOMMENDATION TO THE FULL BOARD AS TO THE PROPER LEVEL OF COMPENSATION FOR THE PRESIDENT. 15B: COMPENSATION OF THE SCHOOL'S OTHER KEY EMPLOYEES (E.G. CHIEF FINANCIAL OFFICER, DIRECTOR OF ADVANCEMENT, DIRECTOR OF ADMISSION, HEADS UP UPPER AND MIDDLE AND LOWER DIVISIONS) IS DETERMINED BY THE SCHOOL PRESIDENT. IN MAKING HIS DECISION ON COMPENSATION, THE PRESIDENT UTILIZES BENCHMARK COMPENSATION DATA RECEIVED FROM INDEPENDENT ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, ETC. HE ALSO REVIEWS COMPARATIVE COMPENSATION DATA RETRIEVED FROM FORM 990, SCHEDULE J FROM A COMPETETIVE SET OF APPOXIMATELY 30 PEER SCHOOLS. THIS INFORMATION HELPS HIM DETERMINE THE REASONABLENESS OF SALARY INCREASE RECOMMENDATIONS FOR THIS GROUP OF EMPLOYEES. LASTLY, HE THEN REVIEWS EACH EMPLOYEES PERFORMANCE AND MAKES A FINAL DETERMINATION. THE PRESIDENT ALSO REVIEWS COMPENSATION DATA FOR KEY SCHOOL EMPLOYEES WITH THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE ALSO REVIEWS THIS DATA INDEPENDENTLY TO ENSURE THE FAIRNESS AND REASONABLENESS OF THE SCHOOL PRESIDENT'S SALARY INCREASE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.