The Derryfield School

“The derryfield school's audit committee conducts a review of compliance and financial information of the 990 before it is filed. In addition, the 990 is made available for every voting board member by placing the document on the trustee website for review.”

“At the beginning of each academic year at the first board meeting, the board is presented with a questionnaire on conflicts of interest. The chair and vice chair of the governance committee in consultation with the derryfield cfo, review the conflict of interest forms and determine whether or not there is any potential conflict of interest. Conflicted parties are unable to vote in this process. Connections to the school are considered upon 'hiring' new trustees. New trustees are provided with a copy of the school's conflict of interest policy as a part of orientation.”

“The compensation of top officials and officers is reviewed against the national association of independent schools (nais) benchmarks upon hiring, then periodically every few years.”

“The school's governing documents are not made public, but are available upon request.”

“Consultants: program service expenses 9,050. Management and general expenses 88,997. Fundraising expenses 0. Total expenses 98,047. Contract labor: program service expenses 926,747. Management and general expenses 79,767. Fundraising expenses 2,426. Total expenses 1,008,940.”

“Catering and meals: program service expenses 116,649. Management and general expenses 35,067. Fundraising expenses 13,194. Total expenses 164,910. Vehicles, gas and registration: program service expenses 68,176. Management and general expenses 3,979. Fundraising expenses 1,082. Total expenses 73,237. Institutional memberships: program service expenses 16,519. Management and general expenses 47,148. Fundraising expenses 51. Total expenses 63,718. Furniture and equipment: program service expenses 32,538. Management and general expenses 10,470. Fundraising expenses 467. Total expenses 43,475. Student billing expense: program service expenses 37,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,369. Bank and bond fees: program service expenses 10,495. Management and general expenses 19,500. Fundraising expenses 6,953. Total expenses 36,948. Leases: program service expenses 7,158. Management and general expenses 29,359. Fundraising expenses 196. Total expenses 36,713. Employee recruitment: program service expenses 6,016. Management and general expenses 27,056. Fundraising expenses 27. Total expenses 33,099. Subscriptions and dues: program service expenses 9,981. Management and general expenses 671. Fundraising expenses 2,319. Total expenses 12,971. Design and production: program service expenses 6,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,041. Tuition reimbursement: program service expenses 0. Management and general expenses 4,300. Fundraising expenses 0. Total expenses 4,300. Safety and security: program service expenses 2,993. Management and general expenses 836. Fundraising expenses 227. Total expenses 4,056. Testing: program service expenses 520. Management and general expenses 0. Fundraising expenses 0. Total expenses 520. Bad debt and allowance adjustment: program service expenses 0. Management and general expenses -13,703. Fundraising expenses 0. Total expenses -13,703. Other expenses: program service expenses -30,341. Management and general expenses 0. Fundraising expenses 0. Total expenses -30,341.”

“Change in present value of planned gifts 20,889. Change in value of interest rate swap -24,408.”