2026-05-07T12:54:40-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-07-01 840423922 FOUNTAIN VALLEY SCHOOL OF COLORADO FOUN 7193915356 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 DAVID A MESKO CFO 7193915356 2026-05-06 1 1 SARAH HINTZ P00492291 7196350330 2026-05-06 2024 2025-03-06 01:10:19Z MEGAN HARLAN 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 60292231 0 1 X WWW.FVS.EDU X 1930 CO DRAWING ON WESTERN HERITAGE, FVS DEVELOPS LEADERS WHO EMBRACE THE WORLD WITH COMPASSION AND COURAGE. 22 22 189 27 51540 0 2189431 15134209 13316770 13918984 1419650 1659389 135595 108822 17061446 30821404 3044137 2998109 0 0 8787787 9270006 78350 316250 1353847 8375882 9294361 20286156 21878726 -3224710 8942678 89608193 100716854 4744597 4628332 84863596 96088522 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 14803402 2998109 13945044 FOUNTAIN VALLEY SCHOOL IS A COEDUCATIONAL BOARDING AND DAY SCHOOL FOR APPROXIMATELY 215 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: 46% OF STUDENTS RECEIVE FINANCIAL AID. IN THE 2024-2025 ACADEMIC YEAR, $2,998,109 IN BOTH MERIT AND NEED-BASED SCHOLARSHIPS WERE AWARDED. 14803402 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 1 189 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DAVID MESKO 7193915231 6155 FOUNTAIN VALLEY SCHOOL ROAD COLORADO SPRINGS CO 80911 THERESA SHEH PRESIDENT 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 SARAH CANNADY 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 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 DOUGLAS NATHAN 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 MARK SATHER DIRECTOR 1.00 X 0 0 0 JIM SCOTT LIFETIME TRUSTEE 1.00 X 0 0 0 DAVIS TUTT DIRECTOR 1.00 X 0 0 0 ANDREW WATSON DIRECTOR 1.00 X 0 0 0 FEI YE DIRECTOR 1.00 X 0 0 0 MEGAN HARLAN HEAD OF SCHOOL 40.00 X 333421 0 85930 DAVID MESKO CFO 40.00 X 204305 0 49048 JOHN LITCHENBERG COO 40.00 X 100076 0 59720 JENNIFER GRUBB DIRECTOR OF COUNSELING & COACH 25.00 X 105387 0 0 CHARLES LAVANT GREENE ASSISTANT HEAD OF SCHOOL 40.00 X 104695 0 50127 ALEXANDER WINNICKER DIRECTOR OF ENROLLMENT OPERATIONS 40.00 X 101293 0 30663 949177 0 275488 6 0 1 0 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 2179373 LAKE FLATO ARCHITECTS 311 THIRD STREET SAN ANTONIO TX 78205 ARCHITECT 1541098 HELLER FUNDRAISING GROUP LLC 150 WEST END AV 19 NEW YORK NY 10023 FUNDRAISING CONSULTANT 316250 BREASHEARS ROOFING PO BOX 1342 MONUMENT CO 80132 CONSTRUCTION 277559 THE VERDIN COMPANY 444 READING ROAD CINCINNATI OH 45202 CONSTRUCTION 229750 14 15134209 4971545 15134209 TUITION & FEES 611110 13405183 13405183 GCLI PROGRAM REVENUE 611110 207257 207257 RIDING PROGRAM 611110 83187 83187 HEALTH CENTER 621111 9179 9179 ATHLETICS 711211 5110 5110 209068 209068 13918984 1527400 42766 1484634 83732 48898 34834 34834 26060 8774 29525210 29324321 68900 200889 -68900 131989 131989 52695 28708 23987 23987 INSURANCE PROCEEDS 900099 50001 50001 50001 30821404 13945044 51540 1690611 2579534 2579534 418575 418575 869123 869123 6109036 3957906 1780658 370472 408622 250523 136105 21994 1385243 798368 516785 70090 497982 264225 210561 23196 19445 19445 88691 88691 316250 316250 287870 287870 270070 11050 195255 63765 70974 38052 32922 25000 25000 1193623 807005 386618 330080 107090 39499 183491 2202111 1981900 220211 772986 732693 40293 FOOD EXPENSE 2048626 2048626 SCHOOL EXPENSE 1422686 666414 454997 301275 MISC. 201419 10662 188482 2275 RECRUITMENT 175366 31277 144089 185414 99502 84873 1039 21878726 14803402 5721477 1353847 1864684 10604159 1714460 974207 139928 65264 391169 462652 83226152 42688115 39293639 40538037 34423238 39973013 9546671 5654926 2234404 2444596 89608193 100716854 998894 1590571 3694530 3037761 51173 0 4744597 4628332 X 45791462 48589948 39072134 47498574 84863596 96088522 89608193 100716854 8942678 2282248 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 80915 X 0 44747509 5623951 2561369 1149737 51783092 42528526 215699 2997416 994132 44747509 41070799 211407 1923834 677514 42528526 47958894 150847 -6143250 895692 41070799 37349533 5053013 11850963 6294615 47958894 0.26145 0.50188 0.23667 1 0 69050 69050 66091030 35017046 31073984 7000773 3513545 3487228 5416733 4157524 1259209 4648566 4648566 40538037 DOMESTIC EQUITY SECURITIES 3497903 C NAV INVESTMENTS 2157023 C 5654926 X 30213980 2282248 77606 2359854 27854126 2967278 2967278 30821404 18989054 77606 77606 18911448 2967278 2967278 21878726 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. THE SCHOOL HAS A POLICY OF APPROPRIATING, FOR DISTRIBUTION EACH YEAR, AN AMOUNT UP TO 5.5% OF THE TWENTY-QUARTER TRAILING AVERAGE OF THE FAIR VALUE OF ITS ENDOWMENT FUND, CALCULATED AS OF THE END OF THE YEAR. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THE DRAW WAS 4.7% AND 4.8%, 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, 2024 AND 2023, 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 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 48,898. COGS 28,708. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,967,278. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 48,898. COGS 28,708. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,967,278. 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 SCHOLARSHIPS 35350 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIPS 54855 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS 186440 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS 28690 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS 113240 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 CONTRIBUTIONS RECEIVED 0 0 0 0 0 0 418575 0 418575 SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 3 186440 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 35350 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 54855 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 28690 APPLIED TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 4 113240 APPLIED TO STUDENT ACCOUNT N/A N/A 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. APPLICATIONS AND TAX RETURNS ARE KEPT ON FILE WHILE THE STUDENT IS ENROLLED. PART I, LINE 3: SCHEDULE F IS REPORTED ON THE ACCRUAL BASIS. X X X X X X 0 HELLER FUNDRAISING GROUP LLC 150 WEST END AV 19 NEW YORK NY 10023 CONSULTANT TO OUR DEVELOPMENT AND EXECUTIVE TEAMS. 0 0 316250 -316250 316250 -316250 CO 1 SCHOLARSHIPS 81 2579534 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 1 1 X X X 0 0 0 0 0 0 0 0 0 MEGAN HARLAN HEAD OF SCHOOL 331471 0 100 0 1850 0 27000 0 58930 0 419351 0 0 0 DAVID MESKO CFO 203364 0 100 0 841 0 16560 0 32488 0 253353 0 0 0 JOHN LITCHENBERG COO 98755 0 100 0 1221 0 8947 0 50773 0 159796 0 0 0 CHARLES LAVANT GREENE ASSISTANT HEAD OF SCHOOL 103618 0 100 0 977 0 9274 0 40853 0 154822 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 $7,500. 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 16 4948001 DAILY MEAN X HORSE 3 15000 FMV X SADDLE 1 4400 FMV X EQUIPMENT 1 1644 FMV X PROGRAM 1 1500 FMV X BIKE 1 1000 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B INDICATES A COMBINATION OF DONOR COUNT AND ITEMS DONATED. 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 A, LINE 2 DAWN AND JEFFREY CLARK HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRDPARTY PREPARER AND REVIEWED IN ENTIRETY BY THE CFO OR OTHER DESIGNATED MEMBERS OF MANAGEMENT, AS WELL AS THE BOARD PRESIDENT. A SECONDARY REVIEW, EXCLUDING SCHEDULE B, IS PERFORMED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. PRIOR TO FILING, THE FORM 990, EXCLUDING SCHEDULE B, IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW. 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. 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. ALL DELIBERATION AND DECISIONS REGARDING CONFLICTS OF INTEREST ARE DOCUMENTED IN BOARD MEETING MINUTES. 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 2024. 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.