Waynflete School

“Reviewed by the executive committee of the board of trustees.”

“Conflict of interest is monitored every year, as the trustees are asked to complete a form annually. If a conflict exists, it is discussed and resolved at the board level. Trustees recuse themselves from a vote when a conflict arises. Enforcement is part of the governing process.”

“In the fall of 2021, the evaluation and compensation committee, consisting of the board chair, vice chair and treasurer initiated a process to negotiate a new contract with the head of school, geoff wagg. At that point in time, mr. Wagg had been in his current position for approximately ten years and, based on annual employment evaluations, the board has been and continues to be highly satisfied with his performance in the role. Additionally, mr. Wagg has taken on leadership roles within national school associations that have enhanced the prominence of the school as well as his own stature in the industry. The committee engaged outside professionals to assist in the process including the school's law firm, bernstein shur and david stettler, a former head of school and independent consultant to schools. The committee gathered data from index schools on market compensation levels and from other outside resources related to best compensation practices in the industry. Based on the independent information obtained, mr. Wagg's compensation package was adjusted to bring him in line with market levels for heads of school in their position for ten plus years. Additionally, other elements of mr. Wagg's compensation package were negotiated to increase stability in the role and provide enhanced visibility around any future transitions in the role. The compensation package and the process undertaken was reviewed and approved by the full board and provides an anticipated schedule of compensation and benefits through fy27. Total compensation and benefits reported on schedule j include 390,000 for base compensation, 23,000 for his 457b benefit, 24,161 for employer and employee contributions for health, dental plans and employee health reimbursement plan and 71,746 for the reportable housing valuation for his contractual obligation to live on campus.”

“UPON REQUEST.”

“To offer lower, middle, and upper school education which engages the imagination and intellect of its students, guides them towards self- governance and self-knowledge and encourages their responsible and caring participation in the world.”

“Unrealized gain on interest rate swap -167,150 special event expenses 7,003 bad debt expense -3,642 rental expenses 64,399 financial aid -5,591,367 professional fundraising fees -449,338 investment income -5,464 investment income 3,207 investment income -64 investment income -10,599 rental expenses -64,399 financial aid 5,591,367 professional fundraising fees 449,338 total -176,709”

“Procedures for oversight of the audit and selection of an independent acccountant did not change from prior years.”