2019-01-28T15:52:04-06:00 2018-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2017-06-01 756059993 THE LAMPLIGHTER SCHOOL LAMP 2143699201 11611 INWOOD ROAD DALLAS TX 752293098 CINDY ZHAO CFO 2143699201 2019-01-24 1 KEVIN WARNEKE P01294950 2148717500 74.202.44.50 2019-01-24 11:08:28 CS P C6F229320B7DA29A57CD0AF8C78D5BEE5D71D6D5 C6F229320B7DA29A57CD0AF8C78D5BEE5D71D6D5 2017 2019-02-21 02:37:17Z CINDY ZHAO 11611 INWOOD ROAD DALLAS TX 75229 20483751 0 X WWW.THELAMPLIGHTERSCHOOL.ORG X 1967 TX SEE SCHEDULE O. 27 27 110 350 0 0 3621180 2575908 10412069 11075640 21523 48887 -85421 24650 13969351 13725085 443008 454128 0 0 7304612 7629596 0 0 800518 2994665 4259059 10742285 12342783 3227066 1382302 43594961 45246434 4706659 4074356 38888302 41172078 X SEE SCHEDULE O. 0 0 8913972 454128 11075640 THE LAMPLIGHTER SCHOOL CONCENTRATES ON EARLY CHILDHOOD LEARNING FOR STUDENTS IN PRE-KINDERGARTEN THROUGH FOURTH GRADE, ENROLLING 453 STUDENTS DURING THE FISCAL YEAR. THE SCHOOL EMBRACES THE WAY YOUNG CHILDREN ACTUALLY LEARN, HELPS PREPARE THE CHILDREN FOR THE WORLD THEY WILL INHERIT, INTEGRATES SERIOUS EDUCATION INTO ACTIVITIES CHILDREN FIND CAPTIVATING, AND INSPIRES EACH CHILD TOWARD A LIFETIME OF LEARNING AND A LOVE OF LEARNING. THROUGH THE FOUNDERS' VISION FOR PRIMARY EDUCATION BASED ON REAL-WORLD EXPERIENCE AND TRUE UNDERSTANDING OF YOUNG LEARNERS AND THROUGH PARTNERSHIPS WITH MAJOR NONPROFITS WITHIN THE COMMUNITY ALLOWING STUDENTS TO VISIT AND INTERACT WITH ORGANIZATIONS SUCH AS SOUTHERN METHODIST UNIVERSITY SCHOOL OF EDUCATION, PEROT MUSEUM, AND THE DALLAS ARBORETUM AND BOTANICAL SOCIETY, THE LAMPLIGHTER SCHOOL HAS BEEN SHOWCASED AS PART OF THE COMMUNITY'S INNOVATORS AND ACHIEVERS. 8913972 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 110 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 27 27 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CINDY ZHAO 2143699201 11611 INWOOD ROAD DALLAS TX 75229 ALLISON BOVARD TRUSTEE 0.20 X 0 0 0 ANURAG JAIN TRUSTEE 0.20 X 0 0 0 BOBBY SUSSMAN TRUSTEE 0.32 X 0 0 0 CATIE ENRICO TRUSTEE 0.32 X 0 0 0 FLAUREN BENDER TRUSTEE 2.31 X 0 0 0 JED MORSE TRUSTEE 0.32 X 0 0 0 JENNEY GILLIKIN TRUSTEE 2.00 X 0 0 0 JOE EASTIN TRUSTEE 1.00 X 0 0 0 JON MORGAN TRUSTEE 1.00 X 0 0 0 JUSTIN SMALL TRUSTEE 0.20 X 0 0 0 KELVIN BAGGETT TRUSTEE 0.32 X 0 0 0 KRISTIN REES TRUSTEE 0.52 X 0 0 0 LIZA LEE TRUSTEE 0.32 X 0 0 0 MANDY DAKE TRUSTEE 0.32 X 0 0 0 MARGARET HIRSCH TRUSTEE 2.00 X 0 0 0 MEG GRAVES TRUSTEE 0.20 X 0 0 0 SHONN BROWN TRUSTEE 0.20 X 0 0 0 STEVEN CLARK TRUSTEE 0.32 X 0 0 0 BOB KRAKOW TRUSTEE 1.00 X 0 0 0 HAMILTON LEE TRUSTEE 0.32 X 0 0 0 ANDY YUNG TRUSTEE 0.32 X 0 0 0 PAMELA WILLS-WARD TRUSTEE 0.20 X 0 0 0 BILL PAYNE TREASURER 1.00 X X 0 0 0 JEAN-LOUIS TROCHU AUDIT COMMITTEE CHAIR 1.00 X X 0 0 0 SARAH WEINBERG CHAIR 3.00 X X 0 0 0 DOUGLAS MACMAHON SECRETARY 1.00 X X 0 0 0 LINDA HODGSON VICE-CHAIR 3.00 X X 0 0 0 MARYNELL MURPHY DIRECTOR OF OPERATIONS 40.00 X 129794 0 21957 SANDRA DIAMOND DIRECTOR OF ADVANCEMENT 40.00 X 144808 0 16221 JASMINE HARRIS DIRECTOR OF ADMISSIONS & PLACEMENT 40.00 X 99743 0 13940 JUDITH MULLENS DIRECTOR OF EARLY CHILDHOOD 40.00 X 94879 0 18274 JOAN HILL HEAD OF SCHOOL 40.00 X 386950 0 23568 YAN ZHAO CFO 40.00 X 49043 0 6423 VICKI RANEY ASST. HEAD FOR ACADEMICS 40.00 X 172934 0 21999 1078151 0 122382 4 0 1 0 4-L ENGINEERING COMPANY INC 420 N DOROTHY DRIVE RICHARDSON TX 75081 ENGINEERING SERVICES 891094 HILL & WILKINSON CONSTRUCTION GROUP 2703 TELECOM PARKWAY SUITE 120 RICHARDSON TX 75082 CONSTRUCTION SERVICE 304393 LEGACY REMODELS LLC P O BOX 93482 SOUTHLAKE TX 76092 REMODELING SERVICE 212806 IMAGESCAPES OF TEXAS INC 514 RIVERSIDE CT ALLEN TX 75013 LANDSCAPING SERVICE 134030 BILL DUNLOP LAWN SERVICE INC 6926 MAPLE AVENUE DALLAS PA 75235 LANDSCAPING SERVICE 130206 5 395919 2179989 548222 2575908 TUITION 900099 10737140 10737140 APPLICATION FEES 900099 127200 127200 EDUCATIONAL FEES 900099 103927 103927 LPA ACTIVITIES 900099 82737 82737 OTHER PROGRAM ACTIVITIES 900099 24636 24636 11075640 50181 50181 6216787 6207259 10822 9528 -10822 -1294 -1294 522577 395919 512916 9661 9661 15150 7050 8100 8100 27508 20619 6889 6889 13725085 11075640 0 73537 454128 454128 1217858 401893 401893 414072 4934183 3912279 935476 86428 316653 242455 74198 723575 491455 222333 9787 437327 312682 101293 23352 4978 4978 29825 29825 37554 37554 102726 89822 12904 45333 45333 158575 10657 122676 25242 304514 220718 66860 16936 117109 112003 4427 679 176045 171788 4257 42475 40623 1606 246 254262 243176 9611 1475 219526 209955 8298 1273 REPAIRS AND MAINTENANCE 1892075 1809581 71520 10974 MISCELLANEOUS 469928 116536 210834 142558 ACADEMIC PROGRAM EXPENS 328666 310698 17968 EDUCATIONAL CAMPS 25133 25133 50335 50335 12342783 8913972 2628293 800518 161877 165336 522367 1557396 3187932 2816190 68099 23318 192662 75040 34717069 8495559 26009084 26221510 13445140 14380144 7800 7500 43594961 45246434 1223792 1002883 1736385 2023146 29 29 1746453 1048298 4706659 4074356 X 26826079 27579453 4371013 5842427 7691210 7750198 38888302 41172078 43594961 45246434 1382302 901474 0 X X 0 1 X 1 0 X 12745491 58988 949115 246843 37554 13469197 10389257 1493378 1125352 232991 32740 12742256 9505598 1235576 -108183 218400 25334 10389257 8777991 333355 560506 139152 27102 9505598 7896778 152996 861814 110703 22894 8777991 0.16000 0.58000 0.26000 0 0 12500000 12500000 20181844 7263574 12918270 1936234 1154932 781302 98991 77053 21938 26221510 X 14134876 901474 901474 13233402 37555 454128 491683 13725085 11851100 0 11851100 37555 454128 491683 12342783 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE SCHOOL'S ENDOWMENT FUNDS HAVE VARIOUS INTENDED USES INCLUDING GENERAL SUPPORT, FACULTY PROFESSIONAL DEVELOPMENT, FACULTY SALARY SUPPORT, FINANCIAL AID FOR STUDENTS, TECHNOLOGY, MEDIA CENTER, AND PROGRAM SUPPORT. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE FOLLOWING IS THE TEXT FROM THE FOOTNOTES OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING FINANCIAL STATEMENTS. SHOULD THE SCHOOL ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. IN ADDITION, THE SCHOOL HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME IN THE FISCAL YEARS ENDED 2018 OR 2017. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXES. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE SCHOOL IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE SCHOOL'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. AS A RESULT, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID TO STUDENTS REPORTED NET OF TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS. 454,128. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FINANCIAL AID TO STUDENTS REPORTED NET OF TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS. 454,128. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY IT IS THE POLICY OF THE SCHOOL NOT TO DISCRIMINATE IN ADMISSIONS OR ANY OTHER PROGRAM ON THE BASIS OF RELIGION, RACE, COLOR, NATIONAL OR ETHNIC ORIGIN. THIS STATEMENT OF POLICY IS INCLUDED IN ANNUAL NEWSPAPER ADS, IN ALL PRINTED BROCHURES AND THE SCHOOL'S WEBSITE. AUCTION 854697 395919 458778 358902 34040 3000 85984 PIZZA LUNCH 63799 63799 30990 918496 395919 522577 358902 34040 3000 116974 512916 9661 15150 1000 6050 1 1.00000 15150 1000 6050 7050 8100 TX 1 0 1 0 1.00000 0.00000 CINDY ZHAO 11611 INWOOD ROAD DALLAS TX 75229 0 THE LAMPLIGHTER PARENTS' ASSOCIATION 0 THE LAMPLIGHTER PARENTS' ASSOCIATION ORGANIZED AND SUPERVISED EVENTS. 0 SCHEDULE G, PART II FUNDRAISING EVENTS THE SCHOOL HELD TWO MAJOR EVENTS DURING THE FISCAL YEAR. ITS AUCTION AND PIZZA LUNCH HAD GROSS RECEIPTS OF $918,496 AND DIRECT EXPENSES OF $512,916, RESULTING IN A NET PROFIT OF $405,580. PER FORM 990 INSTRUCTIONS, THE SCHOOL IS REQUIRED TO RECLASS THE CHARITABLE PORTION OF ITS FUNDRAISING GROSS RECEIPTS TO FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1C., AND THEREFORE, THE NET EFFECT OF RECLASSING CONTRIBUTIONS OF $395,919 FROM GROSS RECEIPTS AFFECTS THE PRESENTATION OF THE FUNDRAISING EVENTS' NET PROFIT AMOUNT, SHOWING LESS PROFITABLE EVENTS THAN THEY ACTUALLY WERE FOR THE SCHOOL. 1 FINANCIAL AID 38 454128 FMV N/A SCHEDULE I, PART I, LINE 2 ORGANIZATION'S PROCEDURES FOR MONITORING USE OF ASSISTANCE THE ORGANIZATION HAS AN ESTABLISHED POLICY FOR GRANTING FINANCIAL AID FOR THE PAYMENT OF TUITION. THE AMOUNT AWARDED DEPENDS ON THE STUDENT'S DEMONSTRATED NEED AND AVAILABLE FUNDS. FINANCIAL AID IS AWARDED ON A YEARLY BASIS, AND THEREFORE, MUST BE REAPPLIED FOR EACH YEAR. A CREDIT IS APPLIED TO THE STUDENT'S ACCOUNT AFTER THE AWARD HAS BEEN GRANTED. AS LONG AS THE STUDENT IS ENROLLED IN SCHOOL, THE PURPOSE FOR THE FINANCIAL AID IS MET AND NO FURTHER MONITORING IS NEEDED. X 1 1 X X 0 0 0 0 0 0 0 0 0 MARYNELL MURPHY DIRECTOR OF OPERATIONS 129254 0 540 0 0 0 13095 0 8862 0 151751 0 0 0 SANDRA DIAMOND DIRECTOR OF ADVANCEMENT 144808 0 0 0 0 0 7343 0 8878 0 161029 0 0 0 JOAN HILL HEAD OF SCHOOL 306950 0 80000 0 0 0 13500 0 10068 0 410518 0 0 0 VICKI RANEY ASST. HEAD FOR ACADEMICS 172274 0 660 0 0 0 13088 0 8911 0 194933 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE JOAN HILL, HEAD OF SCHOOL, RECEIVED $80,000 IN HOUSING ALLOWANCE, WHICH IS REPORTABLE AS TAXABLE COMPENSATION AND INCLUDED IN HER 2017 FORM W-2. X 20 189321 AVG. PRICE FOR DAY X DONATED AUCTION ITEMS 1790 358902 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS: THE SCHOOL IS REPORTING THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED DURING THE YEAR. FORM 990, PART I AND PART III, LINE 1 DESCRIPTION OF THE ORGANIZATION'S MISSION: DEDICATED TO IGNITING THE POTENTIAL OF EACH CHILD IN AN EVER-CHANGING WORLD, LAMPLIGHTER ENGAGES CHILDREN IN THE JOY OF LEARNING THROUGH INTELLECTUAL DISCOVERY IN A CREATIVE, INCLUSIVE, AND COLLABORATIVE ENVIRONMENT. CORE COMMITMENTS: 1. LAMPLIGHTER PROMOTES ACADEMIC EXCELLENCE THROUGH AN INNOVATIVE CURRICULUM AND TEACHING THAT CULTIVATES THE POTENTIAL IN EACH CHILD. 2. LAMPLIGHTER ACTIVELY ENGAGES CHILDREN IN THE JOY OF LEARNING, TEACHING THEM TO BE TOMORROW'S PROBLEM SOLVERS AND LAYING THE FOUNDATION FOR LIFELONG LEARNING. 3. LAMPLIGHTER DEVELOPS CHARACTER, CONFIDENCE, AND COLLABORATIVE SKILLS THROUGH SOCIAL AND EMOTIONAL CURRICULUM. 4. LAMPLIGHTER EMBRACES DIVERSITY IN ALL ITS FACETS, STRIVING TO BE A GENUINELY INCLUSIVE COMMUNITY, RESPECTFUL OF SOCIAL AND CULTURAL DIFFERENCES AND SEEKING BROADER UNDERSTANDING OF THE WORLD. 5. LAMPLIGHTER ENCOURAGES CURIOSITY AND CREATIVITY THROUGH HANDS ON LEARNING WHILE PRESERVING THE WONDER OF CHILDHOOD. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO THE BYLAWS: 1. THE BOARD IS COMPOSED OF A MAXIMUM OF 35 TRUSTEES AND A MINIMUM OF 20 TRUSTEES. THE PRESIDENT OF THE LAMPLIGHTER PARENTS' ASSOCIATION, THE PRESIDENT OF THE LAMPLIGHTER ALUMNI ASSOCIATION AND THE HEAD OF SCHOOL ARE IDENTIFIED AS NOT BEING TRUSTEES IN ORDER TO EXCLUDE THEM FROM VOTING AND QUORUM REQUIREMENTS. THEY ARE ENTITLED TO ATTEND MEETINGS OF THE BOARD WHICH ARE NOT EXECUTIVE SESSIONS UNLESS OTHERWISE DETERMINED BY THE CHAIR. 2. THE TERM OF A TRUSTEE ELECTED TO SERVE WAS REDEFINED TO EXPIRE ON THE MAY 31 THAT ENDS THE UNEXPIRED TERM BEING FILLED. 3. ONLY AN IMMEDIATE PAST CHAIR MAY SERVE AS A TRUSTEE FOR AN ADDITIONAL YEAR BEYOND THE EXPIRATION OF THE SECOND TERM OPPOSED TO ANY PAST CHAIR. 4. THE PROVISION WHICH SET FORTH THE GUIDELINES FOR DEEMED RESIGNATIONS OF A TRUSTEE HAS BEEN REMOVED. 5. ANY HONORARY TRUSTEE OR LIFE TRUSTEE MAY BE REMOVED UPON A 2/3 VOTE OF THE TRUSTEES VOTING. 6. THE PROVISION WHICH ALLOWED THE EXITING CHAIR AND VICE CHAIR TO ELECT A SUCCEEDING CHAIR HAS BEEN REMOVED AND A SUCCEEDING CHAIR IS NOW DETERMINED BY THE NORMAL NOMINATION AND VOTING PROCESS. 7. THE PROVISION WHICH SET FORTH THAT THE EXECUTIVE COMMITTEE BE VOTED ON AS A SLATE HAS BEEN REMOVED. 8. A MEETING AND THE CONSENT OF ALL MEMBERS ARE REQUIRED PRIOR TO ANY ACTION BEING TAKEN BY THE BOARD OR A COMMITTEE. 9. THE OFFICERS ELECTED TO THE SAME OFFICE FOR TWO CONSECUTIVE TERMS ARE REQUIRED 2/3 VOTE WITH A MAX OF FOUR CONSECUTIVE TERMS. 10.THE REMOVAL PROVISION NOW DEFINES THAT 2/3 VOTE OF THE TRUSTEES IS NEEDED AT A DULY HELD MEETING TO REMOVE AN OFFICER. 11. THE EXECUTIVE COMMITTEE MAY APPOINT AD HOC COMMITTEES AS APPROPRIATE. 12. THE EXECUTIVE COMMITTEE IS COMPRISED OF TRUSTEES ONLY. 13. A SIMPLE MAJORITY OF COMMITTEE MEMBERS, BUT NO LESS THAN THREE, CONSTITUTES A QUORUM. ONLY THE EXECUTIVE COMMITTEE MAY VOTE BY PROXY AT ANY MEETING OF THE EXECUTIVE COMMITTEE. 14. THERE ARE NO LONGER A SET NUMBER OF MEMBERS ON THE EXECUTIVE COMMITTEE. STANDING COMMITTEE CHAIRS AND OTHERS ARE NOW APPOINTED BY THE CHAIR AND ARE SUBJECT TO THE APPROVAL BY THE BOARD. THE EXECUTIVE COMMITTEE NO LONGER HAS POWER TO ELECT OR REMOVE TRUSTEES, HONORARY TRUSTEES, LIFE TRUSTEES, HEAD OF SCHOOL, OR AMEND THE CERTIFICATION OF FORMATION OF THE CORPORATION OR THE BYLAWS. 15. THE HEAD OF SCHOOL MAY BE REMOVED BY A 2/3 VOTE OF TRUSTEES WHOM VOTE IN PERSON AT A DULY HELD MEETING OF THE BOARD. 16. EACH TRUSTEE AND COMMITTEE MEMBER ARE REQUIRED TO SIGN AN EXECUTIVE COMMITTEE APPROVED "CONFLICT OF INTEREST STATEMENT" FORM. 17. INDEMNIFICATION OF AFFILIATED PARTIES WAS REDEFINED TO PROVIDE MAXIMUM FLEXIBILITY TO THE BOARD. THE CORPORATION IS ALSO EXPRESSLY AUTHORIZED TO PURCHASE AND MAINTAIN LIABILITY INSURANCE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY OUTSIDE, INDEPENDENT ACCOUNTANTS BASED ON INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS AND THE SCHOOL. IT IS REVIEWED BY MANAGEMENT OF THE SCHOOL AND THE AUDIT COMMITTEE. THE FORM IS MADE AVAILABLE TO THE MEMBERS OF THE AUDIT COMMITTEE AND IS REVIEWED BY THE COMMITTEE WITH THE ACCOUNTING FIRM. THE FORM IS THEN MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA THE SECURE BOARD PORTAL WEBSITE. AFTER THE DEADLINE FOR ANY TRUSTEE COMMENTS, THE FINAL DRAFT IS APPROVED BY THE EXECUTIVE COMMITTEE. AFTER THE APPROVAL, THE SCHOOL FILES THE FORM 990 AND ALL SCHEDULES TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE ORGANIZATION'S ASSISTANT HEAD FOR FINANCE AND OPERATIONS IS RESPONSIBLE FOR MONITORING THE CONFLICT OF INTEREST POLICY AND ITS COMPLIANCE, DISCLOSURE AND RESOLUTION PROCEDURES. THE ASSISTANT HEAD FOR FINANCE AND OPERATIONS SHALL DISCLOSE TO THE HEAD OF SCHOOL AND AUDIT CHAIR ALL CONFLICTS OF INTEREST REPORTED TO HIM OR HER UNDER THESE CONFLICT OF INTEREST COMPLIANCE, DISCLOSURE AND RESOLUTION PROCEDURES. THE AUDIT COMMITTEE WILL EVALUATE THE DISCLOSURES TO DETERMINE WHETHER THEY INVOLVE ACTUAL CONFLICTS OF INTEREST AND MAY ATTEMPT TO DEVELOP ALTERNATIVES TO REMOVE THE CONFLICT FROM THE SITUATION. THE PROCEDURES FOR ACTING ON CONFLICT OF INTEREST TRANSACTIONS ARE OUTLINED IN THE CONFLICT OF INTEREST COMPLIANCE, DISCLOSURE AND RESOLUTION PROCEDURES FOR THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION THE HEAD OF THE SCHOOL'S CONTRACT STIPULATES THAT THE EMPLOYEE'S PERFORMANCE THROUGHOUT THE TERM SHALL BE EVALUATED IN ACCORDANCE WITH THE FOLLOWING PROCEDURES: THE HEAD EVALUATION COMMITTEE SHALL MEET WITH THE EMPLOYEE ANNUALLY BETWEEN APRIL 1 AND JUNE 30 FOR THE PURPOSE OF FORMULATING THE EMPLOYEE'S GOALS FOR THE FOLLOWING ACADEMIC YEAR, AND THE RESULTS OF SUCH MEETING WILL BE REPORTED TO THE EXECUTIVE COMMITTEE. THE HEAD EVALUATION COMMITTEE SHALL MEET WITH THE EMPLOYEE ANNUALLY BETWEEN APRIL 1 AND JUNE 30 FOR THE PURPOSE OF GIVING THE EMPLOYEE AN EVALUATION OF HIS OR HER PERFORMANCE FOR THE PRECEDING ACADMIC YEAR, AND THE RESULTS OF SUCH MEETING WILL BE REPORTED TO THE EXECUTIVE COMMITTEE. WHILE NOT STIPULATED IN THE HEAD OF SCHOOL'S CONTRACT, WE HAVE REPORTED TO THE BOARD ABOUT RENEWALS FOR KEY EMPLOYEES. THE HEAD OF SCHOOL, DURING THE BUDGET PROCESS, APPLIES THE SAME RAISE AS OTHER ADMINISTRATORS AND ADJUSTS BASE SALARIES WITH COMPARATIVE INFORMATION FROM OTHER SCHOOLS. COMPARABLE SALARY DATA FROM I.S.A.S HEAD OF SCHOOLS COMPENSATION ANNUAL SURVEY IS ALSO USED DURING THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: COMMITTEE'S OVERSIGHT AND SELECTION PROCESS THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE TO THE PROCESS DURING THE YEAR.