2017-02-03T14:26:48-06:00 2016-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2015-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 KIRK DUNCAN HEAD OF SCHOOL/PRESIDENT 8282740757 2017-02-03 1 AMY BIBBY P00445891 8282542254 2015 2021-01-29 14:40:06Z KIRK DUNCAN 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 18375865 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 16 15 278 400 0 0 3210088 2564665 14334349 15273651 80075 -574384 203147 88019 17827659 17351951 1813454 2248359 0 0 9329838 10286803 74278 60100 507152 3842450 3546832 15060020 16142094 2767639 1209857 25420361 31529663 2569958 7563930 22850403 23965733 X CDS EXISTS TO PROVIDE PARENTS AND CHILDREN IN THE GREATER ASHEVILLE AREA WITH A HIGH QUALITY, INDEPENDENT ALTERNATIVE TO PUBLIC AND PAROCHIAL SCHOOLS. 0 0 13518692 2248359 15273651 SEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; 633 STUDENTS ENROLLED IN 2015-2016.OUR VISION OF EDUCATION: CAROLINA DAY SCHOOL IS A LEADER IN EDUCATIONAL INNOVATION AND A MODEL OF EXCELLENCE FOR WESTERN NORTH CAROLINA AND BEYOND. OUR CREATIVE AND REFLECTIVE EDUCATORS ENGINEER A COHESIVE CURRICULUM APPROACH USING A WIDE VARIETY OF METHODS. EACH CLASSROOM IS AN INVITING AND STIMULATING LEARNING ENVIRONMENT FOR OUR STUDENTS. BUILDING AND GIVING MEANING TO STRONG FOUNDATIONAL SKILLS IS ESSENTIAL, AND JUST THE STARTING POINT AT CAROLINA DAY. OUR EDUCATIONAL METHODOLOGIES BREAK FROM OUTDATED APPROACHES TO VALUE REAL-WORLD PROBLEM SOLVING, PROJECT-BASED LEARNING, SERVICE LEARNING, AND DESIGN THINKING. WE ARE MOVING CONFIDENTLY FORWARD TO CHAMPION AND SHARE OUR UNDERSTANDING AND EXPERTISE WITH THE GREATER COMMUNITY - LOCALLY AND REGIONALLY.2015-2016: THE 2015-2016 YEAR WAS PRODUCTIVE IN THAT THE SCHOOL STARTED AND COMPLETED THE CONSTRUCTION OF A NEW LOWER SCHOOL AND LIBRARY. A CAPITAL CAMPAIGN TO RAISE FUNDS FOR THE PROJECT BEGAN IN NOVEMBER 2014 AND WAS COMPLETE IN JULY 2016. THE SCHOOL MET ITS GOAL TO RAISE $5,000,000 TOWARD THE COSTS OF THE PROJECT. CDS WAS ONE OF THREE SCHOOLS IN THE STATE TO EARN A NC GREEN SCHOOL OF EXCELLENCE "IN RECOGNITION FOR DEMONSTRATING THE HIGHEST LEVEL OF COMMITMENT TO A SUSTAINABLE CAMPUS AND ENVIRONMENTAL EDUCATION CURRICULUM." THE WILDCAT ATHLETIC PROGRAM ADDED THREE HIGH SCHOOL DIVISION 2A STATE TEAM TITLES TO ITS LONG LIST OF STATE CHAMPIONSHIPS OVER THE YEARS. UPPER SCHOOL STUDENTS RAISED OVER $18,000 TO HELP BUILD A HABITAT FOR HUMANITY HOUSE FOR AN ASHEVILLE FAMILY.ACCREDITATIONS: IN JUNE 2005, CAROLINA DAY SCHOOL ACHIEVED DUAL ACCREDITATION BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. TO EARN DUAL ACCREDITATION, CDS MET QUALITY STANDARDS, WAS EVALUATED BY AN OUTSIDE GROUP OF PEER PROFESSIONALS, AND IMPLEMENTED A SCHOOL PLAN FOCUSED ON STRATEGIC IMPROVEMENT AND STUDENT PERFORMANCE. IN 2015-2016, CDS WAS REACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. KEY SCHOOL AND KEY LEARNING CENTER ALSO RECEIVED NATIONAL ACCREDITATION BY THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS. OPPORTUNITIES AND SUCCESSES: THE 40 MEMBERS OF THE CLASS OF 2016 WERE OFFERED OVER $2 MILLION IN ACADEMIC AND ATHLETIC SCHOLARSHIPS AND ACCEPTED INTO 98 COLLEGES AND UNIVERSITIES IN THE U.S. AND OVERSEAS. THE 2016 GRADUATING CLASS INCLUDED A NATIONAL MERIT COMMENDED SCHOLAR.ADVANCED PLACEMENT PROGRAM: CDS OFFERED 14 AP COURSES ACROSS THE FULL SPECTRUM OF OUR ACADEMIC PROGRAM - STUDENTS HAD ADVANCED PLACEMENT OPPORTUNITIES THAT INCLUDE THE PHYSICAL AND BIOLOGICAL SCIENCES, LANGUAGES, HISTORY/SOCIAL SCIENCES, ENGLISH AND MATH. DURING THE YEAR 82 STUDENTS TOOK AT LEAST ONE AP EXAM (TOTAL OF 142 EXAMS TAKEN OVERALL) AND 78% OF THE STUDENTS WHO TOOK AP EXAMS SCORED THREE OR HIGHER ON AT LEAST ONE OF THOSE EXAMS.IN THE SENIOR CLASS (CUMULATIVE OVER THEIR HIGH SCHOOL YEARS), WE HAD 13 AP SCHOLARS (GRANTED TO STUDENTS WHO RECEIVE SCORES OF 3 OR HIGHER ON THREE OR MORE AP EXAMS), 6 AP SCHOLARS WITH HONOR (GRANTED TO STUDENTS WHO RECEIVED AN AVERAGE SCORE OF A LEAST 3.25 ON ALL AP EXAMS TAKEN, AND SCORES OF 3 OR HIGHER ON FOUR OR MORE OF THESE EXAMS), AND 8 AP SCHOLARS WITH DISTINCTION (GRANTED TO STUDENTS WHO RECEIVE AN AVERAGE SCORE OF AT LEAST 3.5 ON ALL AP EXAMS TAKEN, AND SCORES OF 3 OR HIGHER ON FIVE OR MORE OF THESE EXAMS).ACADEMIC COMPETITIONS: THE SPEECH AND DEBATE TEAM RANKED HIGHLY AT NATIONAL AND REGIONAL TOURNAMENTS, INCLUDING A 2ND PLACE IN ORIGINAL ORATORY AT THE SEASON OPENER. ONE OF OUR MIDDLE SCHOOL STUDENTS COMPETED IN THE 2015 NATIONAL GEOGRAPHIC BEE AT THE REGIONAL AND STATE LEVELS, PLACING SECOND IN THE STATE COMPETITION.ARTS PROGRAM: OPPORTUNITIES EXIST FOR STUDENTS IN ALL DIVISIONS TO PARTICIPATE IN A VARIETY OF ARTS PROGRAMS INCLUDING THEATRE, MUSIC, AND ART. UPPER SCHOOL ART ELECTIVES INCLUDE COURSES IN PHOTOGRAPHY, THEATRE, SPEECH, DEBATE, CHORUS, MUSIC THEORY (INCLUDING AP), PRODUCT DESIGN, POTTERY, PAINTING, DRAWING, AND ADVANCED STUDIO ART. WE ALSO OFFER ART HISTORY INCLUDING AP ART HISTORY AND AP MUSIC THEORY. LANGUAGE: CDS OFFERS FOURTEEN YEARS OF SPANISH, BEGINNING IN PRE-KINDERGARTEN. FRENCH IS AVAILABLE IN GRADES 6 - 12, PROVIDING SEVEN YEARS.SPORTS OFFERED: 11 SPORTS AND 26 TEAMS (VARSITY, JUNIOR VARSITY, MIDDLE SCHOOL) INCLUDING FIELD HOCKEY, VOLLEYBALL, BASKETBALL, SOCCER, TENNIS, CROSS COUNTRY, BASEBALL, GOLF, SWIMMING, TRACK AND FIELD, AND LACROSSE. ALSO OFFERED A PLAY FOR YOUR SCHOOL PROGRAM FOR YOUNGER STUDENTS.NUMBER OF STATE CHAMPIONSHIPS: IN 2015-2016 CDS WILDCATS CELEBRATED THREE STATE CHAMPIONSHIPS BRINGING THE TOTAL TO 97 INDIVIDUAL AND TEAM STATE CHAMPIONSHIPS SINCE 1995.CHARACTER EDUCATION: ONE OF THE SCHOOL'S CORE BELIEFS IS TO BUILD STRONG CHARACTER IN STUDENTS. AT CDS STRONG CHARACTER IS FOSTERED THROUGH BUILDING RELATIONSHIPS AND MEANINGFUL CONNECTIONS AMONGST ALL CONSTITUENTS WITHIN A CAMPUS ATMOSPHERE OF TRUST AND RESPECT. A ROBUST COMMUNITY SERVICE PROGRAM AND INTERNATIONAL TRAVEL PROGRAMS ALL CONTRIBUTE TO BUILDING IN STUDENTS A SENSE OF CONNECTION TO SOMETHING GREATER THAN THEMSELVES.COMMUNITY SERVICE: STUDENTS IN ALL DIVISIONS TOOK THE STAGE IN 15 PERFORMING ARTS PRODUCTIONS AND CONCERTS. THEY STUDIED HARD AND PLAYED HARD. THEY RAISED MONEY FOR CANCER RESEARCH. THEY PARTICIPATED IN RIVER CLEAN-UPS, ASHEVILLE'S MLK SERVICE DAY AND CELEBRATIONS, AND PLANTED GARDENS. IN TOTAL THEY GAVE MORE THAN 4000 HOURS OF COMMUNITY SERVICE.KEY SCHOOL: ESTABLISHED IN 1997; PROVIDES BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES THE EDUCATIONAL OPPORTUNITY TO OVERCOME THEIR DIFFERENCES AND ACHIEVE THEIR MAXIMUM POTENTIAL IN SCHOOL AND IN LIFE. KEY SCHOOL ENROLLS STUDENTS IN GRADES TWO THROUGH EIGHT. IN ADDITION, STUDY SUPPORT SERVICES ARE OFFERED TO STUDENTS IN LOWER SCHOOL, MIDDLE SCHOOL, AND UPPER SCHOOL. ALL KEY SCHOOL FACULTY MEMBERS ARE CERTIFIED IN MULTISENSORY TEACHING OR ARE WORKING TOWARD CERTIFICATION WITH THE ACADEMIC LANGUAGE THERAPY ASSOCIATION, THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS, AND/OR CENTER FOR MULTISENSORY MATHEMATICS. TWO FACULTY MEMBERS ARE CERTIFIED INSTRUCTORS OF MULTISENSORY MATHEMATICS AND 15 FACULTY MEMBERS SUPPORT TRAINING TEACHERS IN THE ORTON-GILLINHAM APPROACH AS LANGUAGE COACHES.KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL (IMSLEC), THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS (AOGPE), AND THE INTERNATIONAL DYSLEXIA ASSOCIATION. THE CURRICULUM DIRECTOR AND PRINCIPAL HAVE THE HIGHEST LEVEL OF CERTIFICATION AT THE FELLOW LEVEL WITH THE AOGPE AND INSTRUCTOR OF THERAPY LEVEL WITH IMSLEC.GURIAN MODEL SCHOOL: AS A RESULT OF CAROLINA DAY SCHOOL'S DEDICATION TO PROVIDING AN EDUCATIONAL ENVIRONMENT IN WHICH EVERY STUDENT IS GIVEN THE OPPORTUNITY TO FULFILL HIS OR HER INDIVIDUAL POTENTIAL, THE SCHOOL WAS DESIGNATED A GURIAN INSTITUTE MODEL SCHOOL IN 2006. CAROLINA DAY IS COMMITTED TO ONGOING FACULTY TRAINING IN BRAIN-BASED AND GENDER- SPECIFIC TEACHING STRATEGIES TAUGHT THROUGH THE INSTITUTE (WWW.GURIANINSTITUTE.COM). THE SCHOOL SEEKS TO UNDERSTAND AND INCORPORATE BEST TEACHING PRACTICES FOR BOYS AND GIRLS IN BOTH COED AND SINGLE-GENDER CLASSES. AS A GURIAN INSTITUTE CERTIFIED MASTER TRAINER, CAROLINA DAY ASSISTANT HEAD OF SCHOOL AND UPPER SCHOOL PRINCIPAL PEGGY DANIELS OFFERS WORKSHOPS AND RESOURCES FOR CDS TEACHER AND PARENTS. SHE SERVES AS A GURIAN SUMMER INSTITUTE TRAINER AND ALSO VISITS SCHOOLS ACROSS THE NATION TO TRAIN TEACHERS, ADMINISTRATORS, AND PARENTS IN THE BENEFITS OF USING BRAIN-BASED RESEARCH AND TEACHING STRATEGIES IN THE CLASSROOM.ALUMNI: ALUMNI ARE A VALUABLE RESOURCE FOR CDS AND TO EACH OTHER IN LIFE AND BUSINESS. MORE THAN 2,000 ALUMNI ARE MEMBERS OF THE ALUMNI ASSOCIATION AND 53 CHILDREN OF 32 ALUMNI WERE ENROLLED DURING THE 2015-2016 SCHOOL YEAR. 13518692 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 74 0 1 278 1 0 0 0 0 1 1 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ROBERT MCARTHUR 8282740758 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 JEFFREY E BAKER BOARD CHAIR 5.00 X X 0 0 0 TED HULL FINANCE CHAIR/TREASURER 5.00 X X 0 0 0 MICHAEL ANDRY TRUSTEE 3.00 X 0 0 0 MAX COGBURN TRUSTEE 2.00 X 0 0 0 BOB BELL TRUSTEE 2.00 X 0 0 0 PAUL FARAGO TRUSTEE 2.00 X 0 0 0 TOM OLVERSON TRUSTEE 2.00 X 0 0 0 ROBIN OSWALD TRUSTEE 2.00 X 0 0 0 THOMAS A MAHER TRUSTEE 2.00 X 0 0 0 CAROLYN GOLDSTEIN PRESIDENT, PARENT COUNCIL 3.00 X 0 0 0 SWATI PATEL TRUSTEE 2.00 X 0 0 0 TOM ORECK TRUSTEE 5.00 X 0 0 0 COBY W ORR TRUSTEE 2.00 X 0 0 0 RON PAULUS TRUSTEE 2.00 X 0 0 0 JULIE ROSE TRUSTEE 2.00 X 0 0 0 ANNE WINNER TRUSTEE 2.00 X 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRESIDENT 50.00 X 301393 0 21227 PEGGY DANIELS ASSOCIATE HEAD/VICE PRES. 50.00 X 119000 0 11909 ROBERT MCARTHUR CFO/TREASURER 50.00 X 151531 0 13265 571924 0 46401 3 0 1 0 BEVERLY-GRANT INC 80 PEACHTREE ROAD ASHEVILLE NC 28803 GENERAL CONTRACTOR 3785971 CLARK NEXSEN INC 425 MAIN STREET VIRGINIA BEACH VA 23462 ARCHITECT SERVICES 482628 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 182218 HANNAH CONSTRUCTION CO 32 OAKWOOD RD CANDLER NC 28715 CONSTRUCTION 126675 CAROLINA HARDWOOD & CONSTRUCTION INC 8011 CAROLINA BLVD CLYDE NC 28721 CONSTRUCTION 112683 6 125505 2439160 1273558 2564665 TUITION & FEES 611710 15273651 15273651 15273651 159672 159672 263000 2443 479076 520423 -216076 -517980 -734056 -734056 36155 125505 24415 11740 11740 SCHOOL EVENT - TOURNAMENTS 900099 39597 39597 MISCELLANEOUS INCOME 900099 29135 29135 BOOK INCOME 611710 7385 7385 162 162 76279 17351951 15273651 0 -486365 2248359 2248359 655247 221789 263396 170062 75238 28143 47095 7316809 6601839 634469 80501 364102 343910 9943 10249 1316164 1036008 248058 32098 559243 410071 131195 17977 14788 14788 37950 37950 60100 60100 16032 16032 438980 161058 272577 5345 141924 141924 541130 309129 101181 130820 286455 286455 375235 276466 98769 81663 81663 14108 14108 43473 43473 672658 672658 84272 84272 CLASS EXPENSES 421834 421834 CLUB EXPENSES 187391 187391 OTHER EDUCATIONAL EXPEN 97370 97370 MISCELLANEOUS 63394 62901 493 28175 28175 16142094 13518692 2116250 507152 500 501 4408984 4213192 1302606 1199331 117714 63900 73765 143488 29392469 8023446 14704586 21369023 4812206 4540228 25420361 31529663 1253496 1860769 1218527 1531929 4130155 97935 41077 2569958 7563930 X 17085561 20534470 2827647 684521 2937195 2746742 22850403 23965733 25420361 31529663 1209857 -94527 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4812206 88631 -134354 204918 4561565 5021507 101725 -108798 202228 4812206 4162596 197012 691388 29490 5021507 3384070 357912 578825 158211 4162596 3545071 16642 -30743 146900 3384070 0.29240 0.60220 0.10540 0 0 5159505 5159505 11159155 5666858 5492297 132820 67449 65371 2028360 1030045 998315 10912629 1259094 9653535 21369023 CAPITAL LEASE OBLIGATIONS - COMPUTERS 41077 41077 X 17274148 -94527 5000 24415 -65112 17339260 12691 12691 17351951 16158818 5000 24415 29415 16129403 12691 12691 16142094 PART V, LINE 4: THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS FOR A VARIETY OF PROGRAMS AND SERVICES OFFERED BY THE SCHOOL AS PART OF ITS EXEMPT PURPOSE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE STATUTES OF THE STATE OF NORTH CAROLINA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2016 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2015, TO 2012 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 24,415. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 24,415. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. X X X X X X 1 HUNTERKEMPER CONSULTING 65 PANOLA STREET ASHEVILLE NC 28801 CONSULTING FOR CAPITAL CAMPAIGN 0 0 60100 -60100 60100 -60100 SHARE THE PROMISE 141040 125505 15535 2974 4498 SCHOOL SUPPLIES SALE 20620 20620 16943 161660 125505 36155 2974 21441 24415 11740 1 MERIT SCHOLARSHIPS 46 228230 FMV NEED-BASED FINANCIAL AID 149 1981492 FMV PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED AS DETERMINED THROUGH ANALYSIS BY SCHOOL AND STUDENT SERVICES BY NAIS, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRESIDENT 299102 0 0 0 2291 0 15947 0 5280 0 322620 0 0 0 ROBERT MCARTHUR CFO/TREASURER 151531 0 0 0 0 0 8255 0 5010 0 164796 0 0 0 PART I, LINE 1A KIRK DUNCAN RECEIVES AN ANNUAL HOUSING ALLOWANCE OF $41,250 FOR HIS RESPONSIBILITIES AS HEAD OF SCHOOL. THE $41,250 OF HOUSING ALLOWANCE WAS INCLUDED AS TAXABLE INCOME ON HIS W-2 FOR 2015. MEREDITH DANIELS RELATED TO PEGGY DANIELS, THE ASSOCIATE HEAD OF SCHOOL. 28143 COMPENSATION PAID BY THE ORGANIZATION FOR ADMINISTRATIVE ASSISTANT SERVICES 0 TRIP COGBURN RELATED TO MAX COGBURN, A BOARD MEMBER 47095 COMPENSATION PAID BY THE ORGANIZATION FOR ASSISTANT ATHLETIC DIRECTOR SERVICES 0 X 11 1258955 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY FINANCIAL ADVISORS TO PROCESS AND SELL DONATED STOCKS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED IN DEPTH BY THE FINANCE COMMITTEE WITH ASSISTANCE OF THE TAX PREPARER AND THEN PROVIDED TO THE ENTIRE VOTING BOARD, PRIOR TO THE RETURN'S FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. THE ORGANIZATION'S CFO MONITORS TRANSACTIONS FOR THE SCHOOL TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE WHO OBTAIN COMPARABLE DATA FROM SIMILAR SCHOOLS. COMPENSATION FOR THE ASSOCIATE HEAD OF SCHOOL/VICE-PRESIDENT IS DETERMINED BY THE HEAD OF SCHOOL WHO USES COMPARABLE DATA FROM SIMILAR SCHOOLS. ANNUAL SALARY INCREASE IS SIMILAR TO ALL OTHER EMPLOYEES OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.